OEM/ODM Factory for Excavator Parts W18 for Lyon Factory
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This 2″ Scale CASE Traction Engine is coal fired and was built from the Cole’s Power Models casting set. This engine took two years to complete. The boiler is all copper and is large and heavy. It took a lot of heat to silver solder the final stages of boiler assembly. Boring the crosshead tunnel comes to mind as a real pain to machine. Several fixtures were tried before I hit on one that was sturdy enough to eliminate tool chatter. I had to refurbish the water tank/coal bunker. I made it out of galvanized steel sheet and it rusted through in several places. I made an insert out of brass. Steering is a lot of fun. You need to anticipate where you are going long before you get there. The worm gear drive is nothing close to rack and pinion!
Our lead story: Emerging market unrest
Hundreds of thousands of Brazilians are making their dissatisfaction loud and clear. On Sunday, residents poured into the streets of cities and towns across the country for anti-government protests that outright called for the impeachment of President Dilma Rousseff, who has become increasingly unpopular amidst a snowballing corruption scandal involving Brazil’s state-owned oil giant, Petrobras.
And we’re now learning about some of the businesses that were impacted by those tragic chemical explosions at the Tianjin port in China, where 114 people lost their lives, with 70 still missing. Thailand is also dealing with tragedy. A bomb exploded in central Bangkok on Monday, at a renowned shrine, killing at least eighteen people, injuring over a hundred more. Ameera David weighs in.
Then Tim Duy, professor of economics at the University of Oregon and the senior director of the Oregon Economic Forum, is on the show to talk about the Federal Reserve and inflation. Tim sees a hike in rates in September as more likely than not. And though Duy believes the Fed has been overly optimistic in the past about both economic growth and inflation, he does not believe the Fed will stay the course on rates because of China-induced market or economic turbulence.
After the break, Boom Bust’s Erin Ade takes a look at the effect on oil prices from a combination of factors like a second quarter slowdown in China, and economic contraction in Japan. Oil prices have fallen to near six and a half year lows.
Then Erin sits down with Danielle DiMartino Booth, Chief Market Strategist at The Liscio Report and a former analyst at the Federal Reserve Bank of Dallas, to discuss homeownership and student loans. Rental price appreciation is unstoppable in the U.S.. Many factors are to blame and Danielle tells us how to dissect this issue and the associated student debt problem.
And in The Big Deal, Ameera and Edward Harrison talk about the Troubled Ten, a moniker used to denote the ten emerging market economies most at risk today. The immediate problem is currency depreciation, as opposed to the balance of payments problems that put the Fragile Five emerging markets at risk in early 2013.
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