Economic Potpourri December 26, 2008

The barrage of noteworthy economic news continues unabated. I took a lot of time off posting Christmas Eve and Christmas. Here are a few headline news reports of interest from the past couple days that have been stacking up.MetLife Drops as Commercial Mortgage Defaults LoomMetLife Inc. and Prudential Financial Inc., the largest U.S [more...]

Date: 2008-12-26 11:26:00

Blog posts (133) | Videos (46)
 

As The Politicians Battle It Out Ukraine’s Economy Tunnels South In Search Of Australia

“In Ukraine, the evidence is still that policymakers do not quite understand the seriousness of the challenges they face,”. Timothy Ash, analyst at the Royal Bank of Scotland. “There is a burgeoning economic crisis in the European periphery,” Krugman said on the ABC network Dec. 14. “The money has dried up [more...]

Date: 2008-12-25 16:06:18

Business leaders issue call to entrepreneurs

Business leaders issue call to entrepreneurs Business leaders meeting in London today said that the current recession is a great time for startups, and that entrepreneurs have a good opportunity to kick-start the UK economy. PC sales fall flat ... of 2008 despite big average price declines, with the credit crunch pushing new systems off most [more...]

Date: 2009-01-16 06:19:54

Gates of Vienna News Feed 1/6/2009

Tuan Jim sends an string of important news articles about the gas pipeline crisis caused by the deadlock between Russia and Ukraine. He notes that the affected countries are dusting off alternative sources of energy — fuel oil and nuclear reactors — for electricity generation.Thanks to AA, Abu Elvis, C [more...]

Date: 2009-01-07 04:50:00

HOLLYWOOD's HOTTEST BUNS: the fine behind of Beyonce; her backside is beyond the realm of bubble perfect; she has a stupid butt!

Beyoncé Giselle Knowles (pronounced /biːˈɑn.seɪ/, born September 4, 1981), commonly known as Beyoncé, is an American R&B singer-songwriter, record producer and actress. Born and raised in Houston, Texas, she enrolled in various performing arts schools, and was first exposed to singing and dancing competitions as a child [more...]

Date: 2009-01-16 04:59:00

DrumBeat: January 13, 2009

Analysis: Global power demand to languish in 2009 The outlook for energy commodities this year remains grim, says a new report from Merril Lynch ... management, contractor mistakes and Iraqi neglect, U.S. auditors say in a new report similar to many others examining the country's reconstruction. Released Tuesday, the report from the office [more...]

Date: 2009-01-08 01:35:34

Extracts from the Archbishop of York's speech to The Smith Institute

From the Archbishop of York's speech, here. (Some of his analysis reminds me of my own thoughts on history and memory, here [No (hi) ... and above all, free healthcare. If you became sick, the state would care for you. There are many ... , but sadly littered with promissory notes whose cash value is the credit crunch and the economic downturn [more...]

Date: 2009-01-14 11:28:00

German Exports And New Orders Slump In November

Yesterday we learnt that German unemployment was, unfortunately, back on the rise, while today we get to see one of the principal reasons for the uptick. German exports fell back at a record rate in November - in fact seasonally and working day adjusted current-price sales exports fell back 10.6 percent from October (when they declined 0 [more...]

Date: 2009-01-08 11:40:57

Thoughts on Europe

Well, Macro Man highlighted the issue of trade yesterday, but even he was surprised by the US trade number for November. The $40.4 billion deficit was much better than expected, and indeed the narrowest in nearly 5 years. While Macro Man had been troubled by the October report and its implication for his constructive dollar [more...]

Date: 2009-01-14 13:44:55

Conservatives up in arms over Browner's socialist ties

The front page of Monday's Washington Times features rather explosive lead story: "Obama climate czar has socialist ties," the headline reads ... . The D.C. Examiner had it last week, actually, and the conservative blogosphere is all over the report. To the Times' credit, the story is true -- Carol Browner, who was also EPA head under Bill Clinton [more...]

Date: 2009-01-13 04:01:46

NIC “Global Trends 2025″ Report: World to See Economic Growth At the Cost of Environment and Human Life

Read more of this story » Campaign politics dominated the headlines in 2008, making it a banner year for the armchair pundit and the politically uninitiated alike. 2008 was also a year that issues like energy use, climate change and carbon footprints came to the forefront of popular culture and political reality. And that’s where we came in [more...]

Date: 2008-12-29 15:16:34

International stock market quotations 16 January 2009

International stock market quotations 16 January 2009 Frankfurt - The following index quotations were noted on the world's major stock markets:.. ... bourses plunge on losses by global markets, Gaza war » IMF warns against credit crunch ... » British adventurer hopes to reach Timbuktu in flying car » Report: Yahoo to name Bartz new [more...]

Date: 2009-01-16 17:57:04

UK Conservatives Aim to Rival Silicon Valley on Cleantech

The Conservative Party in the UK is ringing in the new year with a call to boost funding for clean technology startups, ... on the government spending. Companies could also get access to free or heavily subsidized facilities ... to the report on the plan. Prime Minister Gordon Brown of the Labour Party has made his own [more...]

Date: 2009-01-05 21:00:59

CHART ATTACK!: 1/15/83

Welcome back to CHART ATTACK!, all new for 2009! This year we’ll be doing much like we’ve done in the past: ... in this week’s chart: Sharif, Serengeti, she-cat, and Vegemite. We’re also featuring three songs ... we have to give credit to Mr. Gibb for wisely handing out his songs to other vocalists at a time [more...]

Date: 2009-01-16 14:30:34

Guest Post: "How Can No One See An Imminent Fall in Chinese GDP and a Secular Slowdown Thereafter?"

I am now wondering if Google censors posts (I use Blogger), I put this post up at 1:33 AM, and even had a reader e-mail me that the post had disappeared (with no listing in "Recent Posts" which happens if I put up a post and then remove it). I have a record that it was indeed posted, but it was nowhere to be found as of 8:30 AM in my post archive [more...]

Date: 2008-12-23 13:52:19

Environment

Environment 16-Jan-09 Growth in Energy Use Could Drop 22 Percent by 2030 Under Right Conditions: Report PALO ALTO, Calif ... the electricity used annually in New York City, according to a new report. Energy Efficiency: The Massively ... -passed lands bill includes Ice Age flood trail WASHINGTON — A massive public lands bill approved [more...]

Date: 2009-01-16 17:18:35

Best Blog Posts of 2008 (Chosen by the Bloggers Themselves)

Last year my compilation of what bloggers chose as their own best posts of the year proved so popular, at least with the participating bloggers' mothers, that I have decided to make it an annual affair. But enjoy it while you can. When the Obama Administration institutes its secret plan to extend the Fairness Doctrine to the Internet, this blog, [more...]

Date: 2008-12-29 21:00:00

UK Drowning in Debt, Is Debt Management a Way Out?

by Phillip Evans Are we in the UK drowning in Debt? According to the insurer AXA, some 11.6 million people (25 per cent of the adult population) ... , admitting their finances are entirely out of control. The report suggests that over 3.7 million people are reported to be struggling to cope with mounting credit card bills and just over a million [more...]

Date: 2009-01-16 15:34:09

"Frightening" Global Downturn

Grim news is pouring out of nearly every corner of the world including China, Japan, the Philippines, the U.S., New Zealand, and the UK ... " towards the end of 2008.The BCC report, based on a survey of almost 6,000 firms which employ ... in the last three months of 2008."It is clear that the UK economy is facing a very serious recession [more...]

Date: 2009-01-13 05:25:00

2007 Vs 2009

“The 14 Biggest Differences Between Investing NOW & Investing Pre Dec 2007” ... in this 14) Pre 2007: Mortgage rates would change slowly, incrementally & infrequently. Credit ratings ... lenders are not passing on rates & finding excuses not to lend. Credit MUST be solid And [more...]

Date: 2009-01-16 14:06:40

Credit Crisis - Signs of Progress

Are the various central bank liquidity facilities and capital injections having the desired effect of unclogging credit markets and restoring ... of credit markets is under way. Updating the report at this time is also to gauge the credit ... in the economy. This is because T-bills are considered risk-free while LIBOR reflects the credit risk [more...]

Date: 2008-12-26 12:00:33

DrumBeat: January 4, 2009

Canadian oil-sand mines stuck as crude price plummets Canada's once booming oil sands industry is cooling fast as the plunging oil price undermines investment. More than US$60 billion (£41 billion) worth of projects to extract oil from the bitumen-rich sands of northern Alberta have been delayed in the past three months, [more...]

Date: 2009-01-04 13:51:54

Financial crisis: Bank of America given $138bn rescue package

Phillip Inman and Julia Kollewe, The Guardian January 16, 2009 The BoA rescue matches that given to Citigroup, another stricken US banking giant, which is today expected to report its deepest quarterly deficit yet Bank of America was today ... in return for the aid, which is designed to absorb the losses on mortgage-related assets inherited [more...]

Date: 2009-01-16 20:26:23

International Luxury Real Estate News Roundup

Global Downturn Dooms Prestige Construction Projects, ... , they report that average sale prices increased to $1.64 million. Sooner or later these reporters ... , reports the Vietnam net.  A combination of falling local demand, lack of credit and a big drop [more...]

Date: 2009-01-16 11:24:02

Quango Irish Bank.

So, starting close to home, finally, it’s Anglo Irish Zero ... more of the taxpayer’s cash, which means no new business; just switch off the ignition and run down the “bank” day by day. Anglo’s business model was never a “model” just a house of cards, and persevering [more...]

Date: 2009-01-16 02:21:50

DrumBeat: January 1, 2009

Blackout fear for EU as gas row escalates Jose Manuel Barroso, the European Commission president, called on Moscow and Kiev to solve the dispute as soon as possible. While Gazprom, the Russian ... , there are fears that Germany, Italy and other customers could eventually be hit if the dispute escalates [more...]

Date: 2009-01-01 13:44:53

Nigerian Banking Sector On The Brink?

With Bank of America and Citi Group’s share prices in renewed meltdown mode, ... into developed markets such as the UK. Without a doubt, the long-term outlook for the sector ... most importantly, Nigerian banks are facing a home-grown credit crunch due to excessive margin lending [more...]

Date: 2009-01-15 18:15:41

Russian Industry Heads For Poll Position As The Downhill Stretch Of The Tourmalet Extends Itself Before Us

Well as far as I can see, in this the great second depression cycling race, ... ” hailing from the United States and the UK, and, no doubt about it, they do seem to be closing fast ... widespread production and job cuts, according to the latest PMI report from VTB Bank Europe. VTB’ [more...]

Date: 2009-01-03 14:06:49

British commercial property prices down 27% in 2008

Last year, the British economy was one of the hardest hit by the now evident commercial property (CRE) implosion. Prices fell 27 ... in the real economy as retail is where the greatest problems now reside. Values fell by a record 5.8pc ... . The commercial property market has been ravaged by the reduced available of credit and falling demand for new [more...]

Date: 2009-01-15 21:26:00

Gates of Vienna News Feed 1/15/2009

Forget global warming. Hello, global cooling! If the experts are right, we’re in for a new Ice Age.But it’s still the fault of George W. Bush, of course.Thanks to C. Cantoni, Fausta, Insubria, JD, KGS, Tuan Jim, VH, and all the other tipsters who sent these in. Headlines and articles are below the fold [more...]

Date: 2009-01-16 04:37:00

Posts about Mortgage Market Report as of January 16, 2009

Drug and Alcohol Rehab - ahabloging.com 01/16/2009 Drug and Alcohol Rehab Drug abuse and alcohol abuse becomes more increasing from year to year, ... plums and and gingerbread. An article in the Boston Business Journal points out that The Federal Reserve’s latest beige book report (an analysis The Smell Of Panic In The Air For The Economy [more...]

Date: 2009-01-16 12:18:17

11th January 2009 - Who's made a mark this week?

The result of the End of Year Portrait Challengecopyright Different Strokes from Different Folks and the artistsThese paintings were was done from by a photograph provided via the Karin Jurick's group blog Different Strokes From Different Folks, where artists are encouraged to paint or draw their own interpretations of the photographs supplied [more...]

Date: 2009-01-11 13:30:00

UK - Forestalling Foreclosure: A new role for local authorities

Forestalling Foreclosure: A new role for local authorities Source: New Local Government Network (NLGN) ... with more than one in five homes now on the market because their owners cannot afford their mortgage payments. It also coincides with a severe warning from the Council of Mortgage Lenders that repossessions [more...]

Date: 2009-01-16 02:47:45

The 10 Biggest Cleantech Disappointments of 2008

There was a lot to cheer about in the cleantech sector in 2008: record investment levels, a U.S ... out of his sails. 4) Wave Power Plan Gets Washed Away: Canadian company Finavera Renewables saw ... Gets Dirty: A report from the think tank the Center for American Progress finds coal companies [more...]

Date: 2008-12-26 15:51:39

ScamBuster 288

BRITISH HIGH COMMISSION Metro Plaza, Plot 991/992 Zakari Maimalari Street Cadastral Zone AO, Central Business District, Abuja. Phone : +234 8038242759. ATTENTION; The BRITISH High Commission in Nigeria,Benin Republic,Ghana and Bokinafaso received a report of scam against you and other British/US citizens and Malaysia,Etc. [more...]

Date: 2009-10-01 08:44:47

Time to reform the Consumer Credit Act?

Iain Dale has posted about a report that has been released by Grant Shapps called "Payday for Loan Sharks" ... the Consumer Credit Act laws has grown at a massive pace. The only way to resolve these sort of issues really is to implement some sort wholesale reform of the Consumer Credit Act. That might mean [more...]

Date: 2009-01-09 09:48:38

2008 Food Quotes of the Year: Zing!

With Christmas on the horizon (seriously, it’s riding a horse and headed straight for us), we’re taking a short break from CHG’s usual seriousness ( ... if you throw it hard enough.” – Stephen Colbert, The Colbert Report"As you know, the hot dog was invented [more...]

Date: 2008-12-24 16:45:00

Sean Fitzpatrick [formerly] of Anglo Irish Bank… the gift that never stops giving.

First there was this… ….called on the Government to reduce corporation tax and tackle the “sacred cow” of universal child benefit, ... is substantially higher than in the 2007 report because in prior years I had temporarily transferred [more...]

Date: 2009-01-14 07:21:32

The 5 Million Frequent Flyer Mile Challenge

... weeks thanks to mileage bonuses from new credit cards. If you’re up for it, you can do this too – ... that are worth at least $12,000 to me. I’ve closely monitored my credit score along the way, and the effect [more...]

Date: 2009-01-08 01:38:16

Video-O-Rama: Figuring out the lie of the financial land

Video-o-rama: Figuring out the lie of the financial land In addition to more “Outlook for 2009″ videos (dealt with in last week’s Video-o-rama), the past week saw material covering a hodgepodge of topics. Although the topics were varied, good viewing material was produced, with the likes of Marc Faber, Peter Schiff, Martin Feldstein, [more...]

Date: 2009-01-08 06:26:08

Annual Report - Punj Lloyd - 2008-2009

PUNJ LLOYD LIMITEDANNUAL REPORT 2008-2009DIRECTOR'S REPORTYour Directors present the Twenty First Annual Report for the year ended 31 March 2009.FINANCIAL RESULTS: IN RS. CROREParticulars 2008-09 2007-08Total Revenue 6,955.62 4,541.76Profit Befofe Interest, Depreciation & Tax 808.54 567.62(PBIDT) Less: Interest 194.28 [more...]

Date: 2009-10-01 14:55:00

Punish the savers - Part 23

There is something seriously wrong in the world when nations in dire need of domestic savings end up having to push interest rates to such ... that also pays some kind of interest. This report in Times Online explains: Banks cut savings rates [more...]

Date: 2009-01-13 01:22:59

Research Oracle roundup for 16 January 2009

Earning Release Although LG Display Co., Ltd.’s (NYSE:LPL) ... and rating in our 4Q 08 and FY 2008 update report. As we continue to expect a negative currency impact ... update report. News Aegon N.V.’s (Aegon N.V) common stock has declined significantly since [more...]

Date: 2009-01-16 17:29:36

Cameron offers savings tax cut plus clamp on public spending

David Cameron took the side of savers hit by tumbling interest rates yesterday and promised to abolish tax on the savings income of all basic-rate ... constraints on departments such as the Home Office, Ministry of Justice, business department [more...]

Date: 2009-01-06 00:06:23

Going freelance: Four ways to get your family to support your freelancing career

Choosing to switch from full-time to freelancing can be a tough decision and the change will go a lot smoother if you have the ... who take part in the online survey will be asked questions about their work, and how their job affects [more...]

Date: 2009-01-14 08:28:35

Research Oracle roundup for 15 January 2009

Earning Release Shaw Communications Inc.’s (NYSE:SJR) ... the quarter. As we will likely revise our estimates downwards in our next update report in line ... rating, we are rating it a SELL and we will be reviewing our target price in our next update report [more...]

Date: 2009-01-15 17:34:17

Earnings: Wii Fit, Rivals' Collapse Boost Game Group's Christmas Profits

Next-gen console and game sales helped Game Group lift profits 16 ... of home entertainment that can beat the credit crunch. International sales were up 17.3 percent in the same period but were down three percent in constant currency terms. Game admits it was helped [more...]

Date: 2009-01-13 17:40:01

E-text: A threat to concentration?

not neglect recreational reading as a literacy-promoter. Related: New NEA report in PDF, New York Times article, Washington Post item, Google round-up, and David Nygren’s essay on how e-writers could reach larger audiences—plus E-text: A threat [more...]

Date: 2009-01-11 19:48:15

Posts about Mortgage Market Report as of January 14, 2009

Flagstar Bank 12 to 14 month Promo CD Rate - monitorbankrates ... Online Banking Getting a Copy of Your Credit Report Islamabad An overview of housing in Pakistan ... your personal credit report to ensure that your credit score has improved. Lenders … . Read this article [more...]

Date: 2009-01-14 12:23:49

DrumBeat: January 6, 2009

The Costly Compromises of Oil From Sand OTTAWA — A major source of oil for the United States must now confront another problem: its carbon footprint. Canada, in large part because of the production capacity of its oil sands, is now the largest oil supplier to the United States [more...]

Date: 2009-01-06 13:47:30

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