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Retail Sales Rising Far Faster Than Anticipated


The National Retail Federation says that the U.S. is entering an unprecedented recovery period.
WASHINGTON The future for retail sales is far rosier than expected, according to the National Retail Federation (NRF)’s chief economist Jack Kleinhenz. Last month, NRF changed its 2021 prediction to show retail sales growing between 10.5% and 13.5% above last year to reach $4.44 trillion to $4.56 trillion. That’s a significant bump from the trade group’s initial forecast in February of between 6.5% and 8.2% increases to reach between $4.33 trillion and $4.4 trillion.
“It has become clear that the U.S. economy and retail sales are growing far faster and more steadily than anyone could have expected just a few months ago,” Kleinhenz said. He noted that the group issued its initial forecast during uncertainty about vaccine distribution, virus infection rates, consumer spending and additional fiscal stimulus from the federal government. ....

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Florida Declares State of Emergency as Elsa Hits State


The executive order includes waivers for hours-of-service requirements for truck drivers.
TALLAHASSEE, Fla. As Hurricane Elsa gains momentum, Florida Gov. Ron DeSantis has declared a state of emergency in Charlotte, Citrus, Collier, DeSoto, Hardee, Hernando, Hillsborough, Lee, Levy, Manatee, Miami-Dade, Monroe, Pasco, Pinellas and Sarasota counties.
“Elsa is tracking northward through the Gulf of Mexico and will bring heavy rain, strong winds gusts, storm surge and isolated tornadoes to Florida through Wednesday,” Weather.com reports. “Elsa will then spread some of its impacts up the Southeast and Mid-Atlantic coasts into late week.”
Because of the storm’s intensity, the governor’s executive order authorized a waiver for hours-of-service requirements for motor carriers or drivers operating commercial motor vehicles participating in emergency relief efforts through the transportation of equipment and supplies or providing other assist ....

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