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Taking The Pulse – What’sThe Latest?

October 31,2014

Storm Could Close Tioga Pass

Todays approaching storm is expected to dump between 4 and 8 inches of snow above 7,000 feet in the Central Sierra above Fresno. The east side of the Sierra could see up to 14 inches -good news for Mammoth Ski resort. “Snow may lead to the winter closure of Sonora and Tioga passes,” the National Weather Service predicted in a statement.

California Homeless Down 7 Percent

There were 113,952 persons sleeping in the cold on a single night earlier this year in California, according to the U.S. Housing and Urban Development Department’s annual assessment of the problem. That’s nearly 20 percent of the nation’s total.HUD says homeless planning agencies counted 578,424 persons homeless on the night of the count. California’s total represents an overall 7 percent  reduction since 2010.

HUD’s annual ‘point-in-time’ estimates seek to measure the scope of homelessness on a single night in January. Based on data reported by state and local planning agencies across the country, last January’s one-night estimate reveals a 33 percent drop in homelessness among veterans since 2010 and a 10.5 percent decline since last year. State and local communities throughout the U.S. also reported a 15 percent decline in the number of families with children experiencing homelessness since 2010, as well as a 53 percent reduction among these families who were found be to unsheltered.

Consumer Sentiment Highest Since 2007
From CNBC
U.S. consumer sentiment rose in October to its highest level since in more than seven years on growing optimism about the economy and more favorable personal financial expectations, a survey released on Friday showed.
The Thomson Reuters/University of Michigan’s final October reading on the overall index on consumer sentiment finished at 86.9, the highest level since July 2007, up from 84.6 at the end of September.
The late October reading was up slightly from its initial figure of 86.4, which was also the expected reading of economists polled by Reuters.
“The gains in confidence over the past three months point toward improved holiday spending by consumers,” survey director Richard Curtin said in a statement.
“Overall, five years after the start of the recovery, consumers have finally begun to adopt the expectations and behaviors that have driven past expansions.”

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