NEW YORK (Reuters) – The U.S. economy is on track to expand at a 4.0 percent annualized pace in the third quarter with inventory investment contributing 1.12 percentage points to growth, the Atlanta Federal Reserve’s GDP Now forecast model showed on Thursday.
Last Friday, the government said its first reading on the gross domestic product in the second quarter was a 2.6 percent growth pace, which was 0.2 point below Atlanta Fed’s final estimate.
Steve Bannon Speaks After White House Departure:
‘I’m Going to War for Trump’
Recently departed White House strategist Steve Bannon is preparing a war for Donald Trump, not against him.
“If there’s any confusion out there, let me clear it up: I’m leaving the White House and going to war for Trump against his opponents — on Capitol Hill, in the media, and in corporate America,” Bannon told Bloomberg Businessweek’s Joshua Green.
Green said that Bannon “sounded like he’d just consumed 40 Red Bulls” during his conversation with him on the phone.
Bannon did not specifically mention the White House “Democrats” advising Trump in his conversation with Green, widely considered to be his enemies during his period of service.
ASSANGE MEETS WITH ROHRBACHER, SAYS ‘IT WASN’T RUSSIA’
Interesting detail. Intelligence source says to Rohrbacher that Russia wasn’t the only source of hacking.
TRUMP VOTERS ‘SEE RIGHT THRU MEDIA’S RACIST LIES’
President Trump’s ardent backers support him more than ever
Once homeless, Iraq War veteran moves into unique new home
Vernon Poling was 44 years old when he finally got a home of his own.
The Iraq War veteran was medically discharged from the Army in 2014, had to quit his trucking job for medical reasons, and found himself living out of his pickup last year in Orange County, a sprawling area of Southern California known for beaches, Disneyland and high housing costs.
Poling was homeless for seven months before he found temporary housing in the area. He then learned about Potter’s Lane, an apartment complex made from recycled shipping containers, just for homeless veterans. It’s believed to be the first of its kind in the U.S.
On a sunny Friday in April, Poling walked into his 480-square-foot (45-square-meter) apartment for the first time, set down his backpack on his new floor and took it all in.
“I have never had a place of my own,” Poling said. “I got out of high school, I tried working. I was still living with the parents. I joined the Army at 23, active duty. Then I was staying with Uncle Sam in the barracks … To finally have my own place, it feels really good.”
Poling was the last of 15 homeless veterans to move into Potter’s Lane, a $6.7 million project paid for with federal, state and local dollars, donations and money from the nonprofit behind the project, American Family Housing, among other sources.
(Video at link)
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