U.S. Economy Grew at 3.5% Annual Pace in Third Quarter by The New York Times

The government reported on Thursday that the nation’s economic output rose at a 3,5% annual rate in the third quarter, offering a strong sign that the economy’s plodding growth may be picking up speed.

The higher-than-expected bump in gross domestic product — a measure of all the goods and services produced — was driven in part by an unusual spurt of federal spending, concentrated in defense, combined with robust exports and investment in business equipment.

“This is the strongest six-month interval we’ve had in 10 years,” said Carl R. Tannenbaum, chief economist at the Northern Trust Company. “The pace of the expansion has clearly increased.”

“I don’t think it’s going to be hard to maintain a growth of 3% for the fourth quarter,” he added, echoing several other forecasters.

The performance of the economy during the summer months of July, August and September followed the second quarter’s even more impressive 4,6% annualized growth rate. This sustained expansion was welcomed after a bitter winter that contributed to a disappointing 2.1% decrease for the first three months of the year.

But the enthusiasm was tempered. John Canally, chief economic strategist for LPL Financial, called the latest gross domestic product figures confirmation that “we’re doing O.K. here.”

That was also the conclusion voiced on Wednesday by the Federal Reserve, which cited a strengthening labor market and decreasing concerns about the slow pace of inflation as reasons to close the books on its six-year, multitrillion-dollar bond-buying spree.

Government statisticians will revise Thursday’s figure twice, first in November and then in December. Thus, the final measure of growth could end up being restated by as much as a percentage point in either direction, according to Pantheon Macroeconomics.

There were caveats, of course. Consumer spending, though up 1,8%, was weaker than some economists had expected, given recent job growth, falling gas prices and profits that wealthier households reeled in from the stock market.

“The components may not be as strong as the headline number shows,” said Krishna Memani, chief investment officer at Oppenheimer Funds. The housing sector was also weaker than some economists had hoped.

Military spending, which rose a whopping 16%, is notoriously volatile, seesawing from one quarter to the next. Still, for nearly two years, government austerity has been a drag on the economy, and the 10% growth in federal spending reversed that trend, at least for one quarter.

Many economists are worried about the effect of Europe’s anemic growth on the American economy, expressing fears that European policy makers and the European Central Bank are not doing enough to stimulate their sluggish economies. An announcement by the European Central Bank on Monday that it was buying 1.7 billion euros’ worth of private assets was dismissed by some economists as too piddling an effort given the region’s economic problems.

And in a speech in Boston this month, Janet L. Yellen, the Fed chairwoman, expressed concern about a decline in the number of new businesses, which are traditionally a vehicle for enterprising Americans to get ahead. Lurking beneath all the statistics is the insistent worry that even the most promising numbers are masking profound inequalities and stagnant incomes for most Americans, as Ms. Yellen indicated in her Boston speech.

“It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority,” she said. “I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity.”

All in all, though, this week handed the optimists considerable ammunition. The Labor Department Said on Thurssday that new claims for unemployment insurance benefits remained at recent low levels. The four-week moving average was 281,000, compared with 352,500 a year ago.

And a report from the Conference Board showed that the consumer confidence index leapt in October to a seven-year high. That upbeat outlook combined with falling gasoline prices could help push consumers to open their wallets even more during the coming holiday season.

Steven Blitz, chief economist at ITG Investment Research, was less sanguine about reaching 3 percent growth — the economy’s average growth rate in the postwar era — than he was about the underlying causes. He cited the increase in exports and fixed investments as a good sign that the economy was evolving toward more domestic production.

“That’s a more realistic building block for the economy than to have overleveraged consumers buying homes,” he said.

La mémoire au présent, par ZU WEI

Zu WEI est un écrivain chinois réfugié à Paris depuis 1989.

Apesanteur, extrait

Le destin m’a propulsé dans l’exil. Sept heures du matin, le 19 juillet 1989. J’ai éprouvé une sensation particulière: le temps est devenu espace. Trop de choses nouvelles ont jailli en un instant, sans doute. L’aube douce et diffuse, les nuages rougeoyants dessinent un soleil ovale qui ressemble à une orange. Il me regarde avec étonnement, moi qui m’apprête à atterrir sur une terre étrangère.

La France, berceau de la Liberté et de la démocratie, Paris, cette âme des arts, étaient pour moi un rêve inspiré par Victor Hugo et Rodin. Et tout cela, soudain, devient la terre ferme sur laquelle je me trouve.  Certes la communication s’établit d’emblée avec les sinologues français venus m’accueillir, même si leurs visages me sont inconnus. Mais les inscriptions, les propos des gens autour de moi me sont indéchiffrables. Je me sens subitement atteint de cécité et de surdité.

J’ai l’impression confuse d’être en apesanteur mentale, comme pris dans un tourbillon…

S’il Suffisait D’aimer

Au cœur du stade de France avec JJ Goldman

S’il suffisait qu’on s’aime, s’il suffisait d’aimer
Si l’on pouvait changer les choses et tout recommencer
S’il suffisait qu’on s’aime, s’il suffisait d’aimer
Nous ferions de ce rêve un monde
S’il suffisait d’aimer.

Aime-moi, poème de Dylan Thomas

Aime-moi, non comme les nourrices rêveuses
Mes poumons tombants, ni comme le cyprès
Dans son âge l’argile de la jeune fille,
Aime-moi et soulève ton masque.

Aime-moi non comme les filles du paradis
Leurs amants aériens, ni comme la sirène
Ses amants de sel dans l’océan.
Aime-moi et soulève ton masque.

Aime-moi, non comme le pigeon ébouriffé
Les cimes des arbres, ni comme la légion
Des mouettes la lèvre des vagues.
Aime-moi et soulève ton masque.

Aime-moi comme la taupe aime son obscurité
Et la tigresse le cerf craintif;
Amour et peur soient tes deux amours!
Aime-moi et soulève ton masque!

Clown sur la lune, poème de Dylan Thomas

Inédit posthume attribué à Dylan Thomas

Mes larmes dérivent comme

Les pétales d’une rose magique

Et toute ma douleur coule

De la faille des cieux et de neiges sans nombre.

Je pense que si je retombais

Sur terre, je m’effriterais ;

C’est si triste et beau

C’est le tremblement d’un rêve.

Traduction d’Alain Suied dans la Revue Improbable N°30

Analyse de la planète Vénus

Pendant que les USA étudiaient Mars, la Russie en 1970 ont envoyé Vénéra 7 une sonde russe vers Vénus pour l’étudier.

Elle fut le premier engin à atterrir sur le sol vénusien.

Le 27/03/1972, sonde Venera 8, URSS. Elle mesure les variations de vitesse des vents vénusiens.

Le 8/06/1975, sonde Venera 9, URSS. Elle photographie les nuages de Vénus.

Le 14/06.1975, sonde Venera 10, URSS. Elle photographie les nuages de Vénus.

Le 20/05/1978, sonde Pioneer Vénus 1, USA. Premier engin à utiliser le radar pour prendre des images de la surface vénusienne.

Le 08/08/1978,Pioneer Vénus 2, USA. Analyse atmosphérique et la sonde se consume dans la haute atmosphère.

Par la suite, URSS: Venera 11, 12, 13, 14, 15, 16. Vega 1 et Vega 2 de 1977 à 1984.

Plus tard, La sonde Magellan, appelée aussi le radar Mapper Vénus, était un 1035-kg (£ 2,282) robotique sonde spatiale lancée par la NASA le 4 mai 1989, avait pour mission de cartographier la surface de Vénus en utilisant un radar à synthèse d’ouverture et de mesurer le planétaire champ gravitationnel.

La sonde Magellan était la première mission interplanétaire à être lancé à partir de la navette spatiale, le premier à utiliser l’ inertie étage supérieur booster pour le lancement, et le premier vaisseau spatial pour tester aérofreinage comme méthode de circularisation de son orbite. Magellan était le quatrième succès de la NASA mission vers Vénus, et il a fini un écart de onze ans dans des États-Unis lancements de sondes interplanétaires.

Le 9 novembre 2005, une sonde russe a été lancée, sa mission, franchir des millions de kms pour trouver l’énigme de Vénus.

Huit sondes interplanétaires russes seront lancées jusqu’en 2020.

La sonde Venera-D, sera lancée vers Vénus en 2016.

Sa mission consistera à prendre des photos de la surface de la planète, à faire l’étude de la composition chimique de son atmosphère et son activité sismique.

Egalement la température et la pression qui y règnent seront mesurées.

Dylan Thomas: a poet unlike any other Owen Sheers by The Financial Times

extrait de l’article

A reflection on a bold, physical, sonorous writer who emerged from the cultural maelstrom of 1930s Wales

Dylan Thomas was a seismic event in English-language poetry. His early poems, published when he was still a teenager, heralded the arrival of a fully formed, compelling new voice in which poetry was elevated to elemental occasion. Here were poems at once emotionally lucid and yet narratively obscure, more visionary communication than description. Written in a quasi-biblical, metaphysical idiolect and fuelled by a percussive rhythm more reminiscent of the circulatory system than standard poetic metre, Thomas’s poems, composed in provincial Wales, landed in 1930s literary London with significant impact.

When “Light breaks where no sun shines” was published in The Listener in 1934, it elicited letters of complaint from readers who thought the poem obscene. It also, however, drew letters of interest from some of the leading poets of the day, including Stephen Spender and Faber & Faber poetry editor TS Eliot. On first encountering Thomas’s early work around the same time, Louis MacNeice was similarly impressed with its unique blend of ancient and modern. “It was”, he wrote, “astonishingly new and yet went back to the oldest of our roots – roots which had long been ignored, written off or simply forgotten.” Twenty years later, writing from the other end of Thomas’s all too brief life, Philip Larkin confirmed the lasting resonance of that new/ancient blend when he placed Thomas alongside Auden and Eliot in a trinity of contemporary poetic influence. “I can’t believe DT is truly dead,” he wrote on being informed of Thomas’s death in New York in 1953. “It seems absurd. Three people who’ve altered the face of poetry and the youngest had to die.”

Across the course of his writing life, Thomas stayed true to the voice he’d discovered as a teenager. As he aged, the poems themselves also remained faithful to his youthful concerns – death, the dilemma of the human condition, nostalgia for a lost childhood, and the natural life of coastal Wales. But there would, too, be evolution. A carving of space within the obscure density of his early poems for throughlines of narrative clarity in later works such as “Poem in October” and “Fern Hill”. And a gradual drift of focus as well, from the mortality of the speaker to that of his species, living as they now were beneath the “serpent cloud” of the atomic bomb and its “rocketing wind” that threatened to “blow the bones out of the hills”.

In the process of this evolution and over the publication of his five collections, Thomas gathered a remarkably international popular readership. When his death in New York further contributed to the Dionysian myth already crystallising about his life, this readership grew even greater. As a result, throughout the middle decades of the 20th century, via his books and his LP recordings, Thomas became the “gateway drug” of choice for a generation of poetry initiates; a pied piper intoxicating readers and listeners with the excitement and organic generosity of his language.

article en entier: source:http://www.ft.com/intl/cms/s/0/d6be442e-5913-11e4-a722-00144feab7de.html#axzz3H9eH0fGa