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Florida State fights, falls short at No. 5 Notre Dame

Florida State fights, falls short at No. 5 Notre Dame

Curt Weiler
| Tallahassee Democrat

SOUTH BEND, Ind. – Florida State entered Saturday looking to build upon its first positive momentum of the season.

It didn’t show up in the win column, but the Seminoles looked like a totally different team on offense facing a tough Notre Dame defense.

The Seminoles — who managed a total of 23 points in their first two games against FBS opponents this season — nearly matched that total in the first quarter alone against the Fighting Irish.

No. 5 ND (3-0, 2-0 in ACC) proved to be too much in the end, running away with a 42-26 win over the Seminoles (1-3, 0-3 in ACC) in front of a reduced crowd of 10,409 fans at Notre Dame Stadium, but it was an effort the Seminoles look to be able to build upon.

Making his first career start, FSU quarterback Jordan Travis led FSU to an early 3-0 lead off an ND turnover and a 17-14 lead at the end of the first quarter.

More: Final: Florida State falls 42-26 at No. 5 Notre Dame

More: Dick Vitale book on ‘Lost’ 2020 men’s basketball season has happy ending for Seminoles

The Irish took the lead back on the first possession of the second quarter and held it for good from there, but the Seminoles hung around into the closing minutes, battling a great deal more than they did two weeks ago at Miami.

The good news was that the Seminoles amassed 405 yards of offense against a stifling Notre Dame defense. The bad news was that they allowed Notre Dame to rack up 554.

Jordan Travis has brought the FSU offense to life

It was easy to excuse away what Travis did in FSU’s win over Jacksonville State due to the talent level of the

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Natural Gas Market: Production Falls To A New Multi-Year Low

Natural Gas Market: Production Falls To A New Multi-Year Low

The Weather

Last week

Last week (ending October 2), the number of cooling degree days (CDDs) increased by 6.9% w-o-w (from 33 to 35). At the same time, the number of heating degree days (HDDs) surged by 81.5% w-o-w (from 15 to 26). We estimate that total “energy demand” (as measured in total degree days, or TDDs) was as much as 26.5% below last year’s level but only 1.1% below the 30-year average.

This week

This week (ending October 9), the weather conditions have cooled down substantially in the contiguous United States. We estimate that the number of nationwide CDDs will drop by 20.4% w-o-w (from 35 to 28), while the number of HDDs should rise by 22.1% (from 26 to 32). Total average daily consumption of natural gas (in the contiguous United States) should be somewhere between 70 bcf/d and 72 bcf/d. Total “energy demand” (measured in TDDs) should drop by 10.2% y-o-y, while the deviation from the norm will remain in the negative territory (-8.4%).

Next week

Next week (ending October 16), the weather conditions are expected to warm up, but only slightly. The number of nationwide CDDs is currently projected to edge up by 4.2% w-o-w (from 28 to 29), while the number of HDDs should remain relatively unchanged (at 32). However, total “energy demand” (measured in TDDs) should still decline in annual terms (-24.6%), while the deviation from the norm will remain negative (-13.1%) (see the chart below).

Source: Bluegold Research estimates and calculations

The latest numerical weather prediction models (Wednesday’s short-range 00z runs) agree that, over the next 15 days, TDDs should remain below the norm (on average) but should continue to trend upward – see the chart below. However, there is currently a minor disagreement between the models in terms of scale: the latest

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U.S. consumer borrowing falls on smaller credit card balances

U.S. consumer borrowing falls on smaller credit card balances

U.S. consumer borrowing unexpectedly fell in August as credit card balances declined for a sixth consecutive month with the coronavirus pandemic continuing to limit some purchases amid elevated unemployment.

Total credit decreased $7.2 billion from the prior month after an upwardly revised $14.7 billion July gain, Federal Reserve figures showed Wednesday. The median estimate in a Bloomberg survey of economists called for a $14 billion increase in August.

The drop in revolving credit to a three-year low indicates the pace of consumer spending growth is moderating after outsize gains immediately following the gradual lifting of restrictions on businesses and individuals. The expiration of a $600 weekly supplemental benefit for the unemployed may have also played a role in the drop in consumer charges.

The absence of additional government financial support to the millions of unemployed Americans is seen limiting the consumer expenditures that make up the largest share of gross domestic product.

Revolving credit fell $9.4 billion, the most in three months. The decrease left outstanding revolving credit at $985.3 billion, the lowest since June 2017.

Nonrevolving debt, which includes auto and school loans, rose $2.2 billion, though the increase was the smallest since a decrease in April. Lending by the federal government, which is mainly for student loans, increased almost $15 billion before seasonal adjustment.

Total consumer credit for the month fell an annualized 2.1% after growing 4.3% in July. The Fed’s report does not track debt secured by real estate, such as home mortgages.

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