Sunday, August 27, 2017

Economic News , Data & Views.....August 27 , 2017.....Quick Hits For Sunday -1) Hurricane Harvey : Updates Including Catastrophic Flooding In Houston , SE Texas Seeing Massive Rainfall And Rivers & Bayous Expected To Reach Record Flooding ; SW Louisiana Also In The Crosshairs Of Harvey Massive Rainfall & Tornados Also A Big risk. 2) US Politics - Key Stories To Consider For Sunday. 3) Europe In Focus : UK Brexit & Migration Related Items ; Spain - A Grieving Nation Recovers From Terror Tragedy But Divisions Apparent In Catalonia ; Greece - Political & Domestic News ; Germany - Election , Refugee & Business Related Items Lead News. 4) Odds & Ends - Global Items For Sunday.



Hurricane Harvey.....



Hurricane Harvey recovery is "going to be years" long, FEMA administrator says





Not just Houston-flooding occurring 90 miles to the west at La Grange , which is located between Houston & Austin on Texas State Highway 71.






Houston...




Intense rainband now impacting the metro area. Rainfall rates of up to two inches per hour are possible.





Heavy rainfall over 30 inches has been estimated. Rivers are on the rise and MAJOR TO RECORD FLOODING is forecast





Harvey is drifting SE @ 2 mph. Slow SE motion for 48 hrs. Center of Harvey to move from mid Tex coast Mon to just offshore thru Mon night.





Updated rainfall totals for Louisiana and Texas. Data as of 4pm CDT or 3pm EDT.






Latest radar estimate at 3 pm shows widespread rain totals over 1 foot thus far. Still more rain to come in next several days!





Harvey expected to produce of 15 to 25 more inches of rain through Friday over mid & upper Texas coast-including Houston/Galveston Met Area.






Readout of 's video teleconference with cabinet officials on .




Latest NHC is particularly grim for Houston - 25" inches of rain already and 50" now seen as likely. Much worse days ahead for Houston.






Flash flood emergency for life-threatening flooding continues for much of the Houston/Galveston metro area





Flash Flood Emergency in effect for portions of SE Texas





This event is unprecedented & all impacts are unknown & beyond anything experienced. Follow orders from officials to ensure safety.







Do not attempt to travel in the affected area if you are in a safe place & do not drive into flooded roadways.





Latest NHC forecast continues to show a dire scenario for Houston. Heavy rains continue through Wed., with 50" totals now expected.




Catastrophic flooding ongoing in parts of southeastern Texas. Follow for more information.




ACE to release intermittent amounts of water from both Addicks and Barker reservoirs to reduce the risk to the Houston metropolitan area.





Flash Flood Warning for all of Houston, Glaveston and part of Ft. Bend Co. More rain coming:





BREAKING: Tornado Watch extended until 2 AM Monday. Threat of tornadoes continues for area.





Hmmm....no evacuation order given by the governor before the storm hit ?





Hunker time down....





Houston airport operations halted due to flooding










Situation at KHOU.....







Ben Taub Hospital now being evacuated....






What's going to happen , already happening in fact , medical services and media outlets going to be knocked offline or out of service.








WATCH OUT: Massive sinkhole forms in the 3900 block of FM 762 in Rosenberg



SHELL SAYS DEER PARK TEXAS REFINERY MAY BE SHUT FOR A WEEK: RTRS.





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| here's a recap of Texas refinery shut-ins since Thursday. for Sunday, totals reach ~1.8mbd of refining capacity offline.






Catastrophic and life-threatening flooding in the Houston metropolitan area is expected to worsen.




Texas governor: Hurricane Harvey flooding the worst Houston has ever suffered





Water now up to street lights in parts of . That high of water is unfathomable.







Houston schools closed all week.






Out of the hundred traffic cams in , majority show unbelievable flooding already. And isn't done...







Some good news....





*MAGELLAN SAYS ALL OPERATIONS AT GALENA PARK TERMINAL SUSPENDED / SERVICES ON HOUSTON CRUDE, PRODUCTS PIPES SUSPENDED: BBG.




*PETROBRAS PASADENA REPORTS REFINERY SHUTTING DUE TO WEATHER: BBG.


MARATHON GALVESTON BAY TEXAS REFINERY GASOLINE PRODUCTION CUT BACK DUE TO -SOURCE. RTRS.



SHELL DEER PARK, TEXAS REFINERY & CHEMICAL PLANT [316.6KBD] SHUTTING DOWN ON INCLEMENT WEATHER & FLOODING CONDITIONS: BBG.




EXXON SHUTTING SECOND LARGEST US REFINERY AS CONTINUES TO POUND SOUTHEAST TEXAS -SOURCES: RTRS.




Most all of the control system has exceeded capacity.





U.S. Coast Guard says it's received "more than 300 requests for urban search and rescue." 5 helos are conducting Houston rescues right now




Several locations have already seen 20+ inches of rain. That may be doubled before this all ends.











Tornado Warning including Sugar Land TX, Mission Bend TX, Pecan Grove TX until 7:45 AM CDT





Aerial footage of devastation brought by Hurricane Harvey....










Katy, Tx. Kingsland @ Pinoak. Completely underwater. Getting worse with Bayou out of banks.




Prelim. 12-h rain totals () and 24-h rain totals () for the area





Majority of rivers & bayous are at record values. Devastating flooding has occurred & additional bands of rainfall are still expected.





Rivers are on the rise and MAJOR to RECORD flooding is forecast.






Houston area has seen 20 inches of rain so far.









1 hour ago
WATCH: Coast Guard rescues people from sinking boat as Tropical Storm Harvey slams Texas






WATCH: Tropical Storm Harvey triggers flash flooding in Houston area





NEW FLASH FLOOD EMERGENCY in effect encompasses the previous 3 Flash Flood Emergencies and is in effect until 10:45 AM CDT.





TS is producing catastrophic flooding in SE Texas. Nearly 20 in of rain has already been reported in the Houston area.




Harris County Sheriff said via Twitter that many rescues were taking place overnight in the Houston area




Louisiana....





1 hour ago
Latest track of T.S. Harvey and local rainfall forecast through Thursday. Amounts somewhat lower, but risk of localized ponding still there.





Scattered showers & storms today. Numerous showers & storms Mon. & Tue. Temps near 90 today, but mid 80s Mon. & Tue.







WEATHER UPDATE NWS Tornado​ Watches UPDATED: Tornado Watch until 1PM CDT for parts of deep Southeast Texas and deep Southwest of Louisiana




A tornado watch has been issued for parts of Louisiana and Texas until 1 PM CDT





US Politics....




In statement, Mexican Foreign Ministry says it has offered help in Harvey response "as good neighbors should always do in trying times."





Mexico’s Foreign Ministry responds to President Trump's tweet: "Our country will not pay, under any circumstances, for a wall"






Tillerson breaks with Trump: US will continue "peaceful pressure" on North Korea after missile launch




Dem senator warns Russia probe witnesses: Don't count on a pardon from Trump




Tillerson: Gorka's criticism of Trump speech shows "lack of broader understanding" of Trump policy




Democrats exploit GOP ethics woes in battle for the House




Going to a Cabinet Meeting (tele-conference) at 11:00 A.M. on . Even experts have said they've never seen one like this!





Trump praises response to Hurricane Harvey at "all levels of government"





Fallout grows as Trump continues attacks on fellow GOP members via





Obama aide: Trump economic adviser will face tougher road ahead after choosing not to resign




We are in the NAFTA (worst trade deal ever made) renegotiation process with Mexico & Canada.Both being very difficult,may have to terminate?






1 hour ago
The Trump dossier resurfaces, and with it come still unanswered questions about who paid for the dirt and why






1 hour ago
Protestors will hold 10-day march from Charlottesville to DC to demand Trump's removal






1 hour ago
GOP lawmaker: Trump will visit Texas after Hurricane Harvey this week




NEW: Trump's transgender troops ban may be impossible to implement





The president turned his outrage on Sen. Bob Corker, just as Hill leaders prepare to tackle the budget & tax reform





Europe....



UK...



Whoa - if this is accurate , this is big....





Net migration to Britain hits a 3-year low, with an exodus of European citizens




Britain warns the EU not to play hardball over payments to its investment bank after Brexit





FINANCIAL TIMES FRONT PAGE: "May under pressure from pro-EU Tories after Labour's Brexit U-turn"







Britain's progress in Brexit talks is being questioned, given the bill remains unresolved




Spain Report.....




Italy's La Repubblica: "Nationalism without solidarity". Via





ABC: "Spain stands with Barcelona despite separatist disruption".




Greece...





More contenders for the helm of new center-left party



Investors eyeing maritime surveillance system




Gov’t sources see Erdogan tactics behind increase in migrant arrivals





Greek shipping companies would consider moving out, study finds





Germany....



After the recent terror attacks security measures have increased at the German government's open day in Berlin.






Merkel on opening Germany's borders to refugees: I'd make the same decision again today






1 hour ago
"Refugees must be distributed fairly," Chancellor Angela Merkel says





This is where Angela Merkel will win or lose Germany's election next month





German, Italian airlines flying towards consolidation






Britain finds an unlikely ally to counter EU laws: German judges






bans far-left website for "sowing hate against different opinions and state officials"




Odds & Ends....



North Korea....




Kim Jong Un supervises simulation of attack on South Korean islands




North Korea sends letter to UNSC demanding emergency discussion on S. Korea-U.S. drills




  

Nearly 100 North Korean propaganda leaflets promoting DPRK's successful ICBM launch found in Seoul






Debating “lips and teeth”: Talking North Korea sanctions in China





Syria....




Central Syria MAP:SAA cleared ISIS pocket betw. Sukhnah-Mt.Shaer & advanced 30km East of tow. HD:




Defection of 30 Iraqis fighters of in . Two of them killed by Daesh as they tried to follow them.






Turkish Forces left Bubana Biçûk again and returned to turkish ground Map:





Heavy clashes between Turkish Army and YPG forces after the Turkish Army entered Bubana Biçûk west of Kobani Map:







1 hour ago
SAA recaptures territory taken by ISIS in its recent counteroffensive...





NEW MAP: forces have eliminated the 1st of two pockets in central .






Iraq....





1 hour ago
: After capturing 2 last districts, / fully free city from acc






1 hour ago
Iraqi armed forces allegedly take full control of Tal Afar from ISIS...








Libya....



Not wise....





Illegal Immigration Update - Libya.




| Sharara 280kbd field shut-in as Zintan brigade closed down two valves on adjoined pipelines. reuters.




| NOC declares force majeure at Hamada field on pipeline blockade; will possibly close down fully - AGOCO spox. reuters




| El-Feel field (90kbd capacity) crude production halted - PFG. BBG.




2 soldiers and 7 smugglers killed in clashes near Kufra.





Immigration Control in returns 94 illegal immigrants from .






Gulf Rift...






Not at top of news cycle , but still an important story to follow.











Gulf Rift updates...






OPINION: submits to and loses the Gulf. Columnist writes