Study: New E15 gas can ruin auto engines

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I personally don’t use this Ethanol gas very much at all. Don’t like it for this reason below.

This week’s warm Washington temperatures had some thinking about rolling the Lawn-Boy out of the garage for the first cut of the year. And we all know what that means: Difficult starts due to E10 gas that gels when it sits.

Now, according to a new study, cars and truck may face the same fate thanks to President Obama’s demand for a higher ethanol in the new E15 gas.

The fuel industry’s American Petroleum Institute tested the 15 percent ethanol gas approved in 2010 and found it gums up fuel systems, prompts “check engine” lights to come on, and messes with fuel gauge readings.

“Failure of these components could result in breakdowns that leave consumers stranded on busy roads and highways,” said the industry report. Worse: API said the fuel problems–not found in E5 or E10 blends–aren’t always covered by auto warranties.

The industry prefers pure fuel to an ethanol mix, but the report isn’t likely to slow the administrations green push, according to a Washington auto lobbyist.

The key points from the API report are below:

The additional E15 testing, completed this month, has identified an elevated incidence of fuel pump failures, fuel system component swelling, and impairment of fuel measurement systems in some of the vehicles tested. E15 could cause erratic and misleading fuel gauge readings or cause faulty check engine light illuminations. It also could cause critical components to break and stop fuel flow to the engine. Failure of these components could result in breakdowns that leave consumers stranded on busy roads and highways. Fuel system component problems did not develop in the CRC tests when either E10 or E0 was used. It is difficult to precisely calculate how many vehicles E15 could harm. That depends on how widely it is used and other factors. But, given the kinds of vehicles tested, it is safe to say that millions could be impacted.

In 2010 and 2011, EPA gave the green light to use E15 – the 15 percent ethanol gasoline blend – in model-year-2001-and-later cars and some other vehicles. EPA’s action was irresponsible. EPA knew E15 vehicle testing was ongoing but decided not to wait for the results. Why did EPA move forward prematurely? Part of the answer may be the need to raise the permissible concentration level of ethanol so that greater volumes could be used, as required by the federal Renewable Fuel Standard. Most gasoline sold today is an E10 blend, but rising volume requirements under the law can’t be met much longer without going to higher blends. When Congress passed the law, it could not know it was creating this problem. Today we know. The answer is to repeal the RFS before it puts millions of vehicles and many motorists at risk.

Washington Examiner

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US Economy Retracts 0.1% in the 4th Quarter

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What about all that stimulus spending and extra taxing we’ve done? It hasn’t done any good….zip!

National Review: According to the Bureau of Economic Analysis’s latest report, the U.S.’s gross domestic product contracted at an annualized rate of 0.1 percent in the fourth quarter of 2012. This is quite a large deceleration from the third quarter, in which it rose at a rate of 3.1 percent. This is the first time the U.S. economy has shrunk since the second quarter of 2009; we join the U.K. in having a downward tick in the fourth quarter.

This is a pretty significant miss from expectations: Various surveys of economists had predicted about 1 percent growth.

The US Economy Is A Lot Worse Than You Think – OpEd

By:

January 30, 2013

 Most Americans know the economy is in bad shape even if a majority voted to reelect the man most responsible for making a bad economy worse. And, no, it was not George W. Bush who is responsible for the 2008 financial crash. It was the government with its housing programs that encouraged giving mortgage loans to those who could not afford them and then bundling those “toxic assets”, and selling them to banks who then found themselves in trouble for investing in them.

Another partner in the nation’s financial woes has been the Federal Reserve, a banking cartel given the right to literally print money. The Fed recently released the fact that its holdings in U.S. government debt has increased by 257 percent since President Obama took office! Those holdings are at an all-time record of $1,696,691,000,000 at the close of business on Wednesday, January 23. The other major holder of our debt is China at $1,170,100,000.000.

It’s worth taking a few minutes to see how the policies of President Obama, whether a deliberate effort to ruin the economy or just the result a lack of understanding of how the U.S. economy works, has put the U.S. on the precipice of failure comparable to what is occurring in Europe. It is a global, as well as national problem as the central banks of the EU desperately transfer billions among themselves to stave off a catastrophe that will destroy the wealth of their citizens.

The federal government ran a deficit (the difference between what it owes and what revenues it takes in) of $292 billion for the first two months of fiscal year 2013—October and November 2012—amounting to $4.8 billion of borrowed money every day. The Congressional Budget Office reported that federal revenues rose by $30 billion—a ten percent increase over last year—but spending increased even more, going up by $87 billion (16%).

Spending on Medicare, Medicaid, and Social Security was about 7% higher–$8 billion than last year. For years, Congress has resisted reforming these “entitlement” programs and Obamacare has only exacerbated the problem. In order to fund its establishment, the Obama administration took $716 billion from the Medicare funds. The Social Security funds have been “borrowed” by Congress for years while the numbers of eligible senior citizens has steadily increased as “baby boomers” come of age.

The call for higher taxes on “millionaires and billionaires” has fallen hardest on the middle class, in reality increasing taxes on them. The reality is that the middle class taxpayer pays 25% of their income in federal income tax these days, but when you add in 13.3% in the federal Social Security and Medicare payroll taxes, it adds up to 38.3%. According to the Tax Foundation, the average state’s income tax rate on the middle class is 4.82% (not all states have an income tax in addition to the federal government.) That brings the total to $43.12% of middle class income drained off to pay taxes.

Add in all the other taxes we pay on gasoline, telephones, and other necessities, and the middle class is being tapped for half their earnings.

The Republican Party, in power in the House of Representatives, has offered legislation to bring some relief to middle class and other taxpayers. It has sent annual budgets to the Senate where they have died for the past three years.

All this has been happening during the first term of the Obama administration. In a January 25th commentary posted on AmericanThinker.com, Steve McCann noted that “As of the end of 2012, the United States has experienced the worst five-year period—which includes, as the end of the final four years, Obama’s first full term—since 1928-1932 and the start of the Great Depression.”

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Change We Can Believe In: Canadians Now “Easily” Surpass Americans in Individual Wealth

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Economic times here in America are pretty tough, but things aren’t so shabby for our neighbors to the north.

Over the past five years, the net worth of the average Canadian has crept up, overtaking the average American’s wealth for the first time. These days, Canadian households are about $40,000 richer than American ones.

The figures from Environics Analytics WealthScapes, first published in Toronto’s Globe and Mail last month, place the net value of the typical Canadian household at $363,202 versus $319,970 below the border. And, writer Michael Adams points out, “these are not 60-cent-dollars, but Canadian dollars more or less at par with the U.S. greenback.”

Not only are Canadians richer, Bloomberg View columnist Stephen Marche reported on Sunday, they’re also more likely to have a job. According to the latest figures, Canada’s unemployment rate continues to sink down to 7.2 percent while the U.S. has held steady at 8.2 percent.

What’s behind the economic success of the Great White North? It’s not necessarily that Canadians are more industrious and thrifty than their neighbors to the south. The 2008 economic crisis wreaked havoc on the U.S. housing market, sending real estate values plunging. So, Canadians’ houses are worth about $140,000 more than Americans. Canadians also own about twice as much real estate as Americans, and have fewer mortgages.

On a national level, assets like the Alberta tar sands certainly help, but, Marche proposes, it was a policy of “hard-headed socialism” that allowed the banks and the housing market to stay stable and weather the global economic crisis.

A sign of America’s failing system? Perhaps, Marche muses. Iceland, considering abandoning its current currency the krona, has taken note of Canada’s recent success and set its sights on the loonie.

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Suppressing truth: A troubling trend

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Just because someone was offended, the truth was discarded about America’s financial condition? Yep!

Just minutes before trend forecaster Gerald Celente took the podium to deliver his keynote address at a Rotarian District Conference banquet, he was informed that the 200 copies of the Spring Trends Journal that he had brought to distribute to attendees had been hastily removed.

Why? Rotary District President Tansukh Dorawala, told Celente, “Someone found the cover offensive and we had to remove them.”

The cover art, created by award winning artist Anthony Freda, encapsulates, graphically and poignantly, an extremely important message regarding the direction in which America is trending and how dire the consequences will be. The illustration portrays a rainbow coalition of obese Americans boarding box cars plainly labeled “Made in U.S.A.” The headline above declares: “Next Train to Auschwitz: All Aboard! Kiss those calories goodbye.” The Trends Journal.

Provocative, yes, but who would find the truth “offensive”? After all, Americans of all ages are, statistically, the most obese people on the planet. Was the “someone” who “found the cover offensive” obese? And if so, does that justify censorship?

Or was it the word “Auschwitz?” Was the offended “someone” Jewish? Or was that “someone” German? Or was that“someone”an obese Jew or German?

Whoever the “someone” was and whatever caused him or her to be offended, the craven acquiescence of the Rotary leadership perfectly illustrates the accuracy of that cover (click here): a grossly overweight, slovenly dressed, pop-culture-conditioned, browbeaten populace (systematically robbed of their Constitutional rights by Presidents Bush and Obama, and stripped of their dignity by TSA gropers) is obediently heading for the boxcars.

The “offensive” cover is, of course, simply an introduction to the content of the Spring Trends Journal.But because a “someone” or somebody’s didn’t like what they saw, a worldwide organization with over 1.2 million members that claims to dedicate itself to “Peace Through Service” deprived its members of 44 pages devoted to peace!

The Journal presents the facts, supportive data and analyses of legislation, Executive Orders, Supreme Court rulings, and government guidelines that portend a Nazi-style dictatorship for the country that still bills itself as the “Land of the Free and the Home of the Brave” … though not quite free enough or brave enough to allow Rotarians to read.

America has become a land of censorship: government censorship, citizen censorship, and self-censorship. Will the people rise up, stand up, speak out and fight for their freedom? Or will they take the “Next Train to Auschwitz?” The future is not foreordained.

RT

Canadian economy created 28,0000 jobs in June….US created 18,000

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As you read this remember the United States has 10x the population of Canada…….

The Canadian economy created 28,000 jobs in June, helped by a gain in part-time jobs to post its third consecutive month of growth, Statistics Canada reported Friday.

Statistics Canada said the country’s unemployment rate held steady in June at 7.4 percent as the number of people entering the workforce increased.

The increase in jobs was mainly in the part-time sector, which added 21,000 jobs, compared with 7,000 new full-time jobs.

The public sector added 51,000 jobs in the month, while there were 22,000 new jobs in the private sector.

However, those gains were offset by a drop of 44,000 in the number of self-employed people in Canada.

The gains were led by the transportation and warehousing industry which saw a gain of 15,000 jobs, while the professional, scientific and technical services sector lost 19,000 jobs.

Economists had expected an overall increase of 10,000 jobs.

BMO deputy chief economist Douglas Porter called the report a small point in favor of the of the Bank of Canada gradually raising its key interest rate later this year.

“While the details of the release may not be as impressive as the sturdy headline gain, there is no denying that the Canadian job market continues to make impressive progress,” Porter said in a note to clients. “In the first half of 2011, the economy added 192,000 jobs, a faster pace than seen through 2010.”

Canada’s jobless rate has rebounded since the global recession, hovering at the lowest level since 2009 and has experienced a better market rebound than its fellow G-7 nations, amid trouble elsewhere, such as the European debt crisis and a comparatively weaker recovery in the United States.

The Bank of Canada has held its key policy rate steady at 1 percent since last September following three successive hikes to lift it from emergency lows. The central bank is expected to resume tightening gradually.

The Toronto stock market was lower Friday morning as the latest unemployment numbers from the United States showed job creation far weaker than expected during June, which reinforced fears that the American economy is stuck in a soft patch.

The Canadian results compared with a gain of just 18,000 jobs in the much larger U.S. economy for June and an unemployment rate at 9.2 percent, according to the U.S. Labor Department.

Vermont Today