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| Articles about Economy |
| How far down is economy headed? | | 2008-05-08 12:14:01 | | House prices are falling, food and energy prices are rising and consumers are gloomier than they’ve been in decades. But the latest data on the U.S. economy shows it still has a feeble pulse.
So which is it? Are we in the early stages of a full-blown recession? Or is this a brief downturn before the [...] | | By: TexasFred's | | |
| | Foreclosures Must Be Averted for Sake of Economy | | 2008-05-06 12:15:06 | | Fed Chairman Ben Bernanke said accelerating rates of foreclosures and delinquencies can have a significant impact on the economy and called for more to be done in order to prevent them. Speaking Monday night at the Columbia Business School’s 32nd annual dinner, Bernanke said the rate of foreclosures will likely increase in 2008 and that traditional anti-foreclosure steps may not be working to prevent them. He also said sharp declines in home prices can have a negative impact on the overall economy.“High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets, and the broader economy,” he said. “Therefore, doing what we can to avoid preventable foreclosures is not just in the interest of lenders and borrowers. It's in everybody's interest.”He said government-sponsored enterprises Fannie Mae and Freddie Mac should raise more capital and “could do more” to help ease the crisis. He also called for clear disclosu | | By: All About Investiment | | |
| | Crappy Economy...The Perfect Excuse to Splurge on Lipstick! | | 2008-05-05 10:15:00 | | There was a story in last week's New York Times about how the sales of lipstick—not gloss—are an economic indicator and how, in tough times, women in this country turn not only to just smaller indulgences to quell their retail fix, but specifically lipstick. Now, I have heard this many times before but for some reason I just always felt that it was some sad mockery made by men to justify women's spending habits during turmoil. But after reading this article, perhaps there is some truth to the "economic crisis/lipstick boom" theory. I know for a fact that I myself have probably bought way more lipstick this year than in the past, and probably have made more cosmetic purchases than clothing purchases as well. Hmmm...According to the article, you will be buying lipstick for three reasons:1. It's a small indulgence, "an inexpensive treat meant to substitute for a bigger-ticket item."2. It's a "moral booster. like Charlie Chaplin films wear during the depression"3. Women wear lipstick, | | By: Makeup Makes Me Happy | | |
| | Really funny jokes-A Walking Economy | | 2008-05-05 02:06:00 | | This guy is walking with his friend. He says to this friend, "You know, Benny's a walking economy."His friend replies, "How so?""His hair line is in recession, his stomach is a victim of inflation, and both of these together are putting him into a deep depression." | | By: Really funny jokes | | |
| | Jose Canseco Victim of Personal Stupidity, High Taxes, Not Economy | | 2008-05-02 22:20:56 | | MALKIN BLOWS THIS ONE!"..."Let's say it's $35 million ... you're paying the government 41 percent. That leaves you with about $17 or $18 million...."Jose Canseco blames much of his financial failure on the high costs of taxes and coughing up something like 41% of his income to the government! Our anti-McCain, anti-Bush conservatives have blown it this time. Jose Canseco should be the picture boy for lowering taxes, not the economy. Instead Malkin is treating us to one of her dumbest commentaries ever. She is using Jose Canseco’s defaulting on his mortgage as proof the economy is so ... | | By: The Pink Flamingo | | |
| | Oklahoma Economy and Real Estate Market | | 2008-05-02 17:32:16 | | It's not bad everywhereI read the Tulsa World every morning before starting my day. I usually find something interesting. The past couple of days there have been articles on unemployment in Oklahoma being under 3.5%. This is as good as I have seen in my life time.Another article tells of the medium home price in Tulsa area being up about $5000 over last year. This goes along with what we are seeing in the Grand Lake market.We know there is gloom and doom in many states, but Oklahoma is alive and well. Now might be a good time to invest in Oklahoma real estate and Grove, Oklahoma and the Grand Lake area is the place to be. Invest in something you can enjoy. The waters of Grand Lake offer great fishing, boating, sea-dooing, and sailing. It's great to lay in a hammock under a nice shade tree and enjoy an afternoon reading a book too. Our market is good but not robust, primarily due to all the national press on the bad real estate market in areas such as Florida and Californ | | By: Grand Lake OK Real Estate and News | | |
| | The Technology Misconstruct: Saving America's Economy | | 2008-05-01 23:48:00 | | One of the consistent mantras fed to the American public is that despite our serious mounting social and economic problems, we will be able to innovate our way through them to a happy place. That smart new ways of doing things combined with emerging technologies will restore us to our former prosperity. Conveying a boundless joyous optimism in the face of mounting adversities, elitists have been known to express such sentiments as “Google is like God”, “the next big thing is right around the corner”, “the west must connect their knowledge centers into a single global network”, and “corporations cannot survive as entities bounded by any nation-state” but they omit to mention that authoritarian governments, such as China, are much more selective in their approach and why despite continued innovation our economy has started to seriously lag and stagnate. Given the current environment created by elitists leveraging our government we have a situation today where the interest | | By: The Paleo Conservatist | | |
| | Low Spending Is Taking Toll on Economy | | 2008-05-01 08:05:29 | | By PETER S. GOODMAN : For months, beleaguered American consumers have defied expert forecasts that they would soon succumb to the pressures of falling home prices, fewer jobs and shrinking paychecks. Now, they appear to have given in.
On Wednesday, the Commerce Department reported that the economy continued to stagnate during the first three months of [...] | | By: ArticlesModern | | |
| | S'pore economy faces dark storm clouds: PM | | 2008-04-30 16:37:00 | | SINGAPORE - The United States is probably in a recession and the Singapore economy will be more severely affected if the turmoil in global financial markets worsens, Singapore's prime minister said on Wednesday.The Southeast Asian country was ready to respond if the situation in the United States worsens, said Lee Hsien Loong in a statement to mark May Day.'Dark storm clouds have gathered... A US recession has probably already started,' Mr Lee said.'We must watch closely how the situation in the US unfolds, and be ready to respond if things take a turn for the worse. We have the resources and the ability to do so.'Mr Lee acknowledged that the rising cost of living in the Republic was a major issue but said Singapore could not be completely insulated from rising global inflation.'We need not worry about a food shortage, because we have adequate supplies, and can buy what we need from many sources,' he said.Mr Lee said that the central bank's policy to allow the Singapore dollar to rise | | By: How to be Rich, Happy and Free from Scams | | |
| | Cobalt XFE (extra fuel economy) gets 36 mpg | | 2008-04-30 06:18:00 | | Faced with increasing CAFE standards in the coming years, Chevy has tweaked the mildly interesting Cobalt models (coupe and sedan) to get better fuel economy. The XFE versions - that stands for extra fuel economy - get an EPA estimated 36 mpg which is between three and five miles per gallon better than the non-XFE versions, according to Chevy (I assume 36 mpg is for highway driving). The official EPA numbers for next best Cobalt - the 4 cylinder, 2.2 L, manual 5-speed - are 33 mpg on the highway and 24 mpg in the city.Our friends at Autoblog mention that the fuel economy gains were achieved through upgraded engine mapping, the use of lower roller resistance tires and maybe some gearing adjustments. The XFE models will be branded with a little XFE badge. Any LS and 1LT five speed manual transmission Cobalts that were ordered on or before March 17th will be XFE versions. | | By: Car News | | |
| | Hybrid Vehicles - Good For Your Wallet, The Environment & The American Economy | | 2008-04-29 08:22:35 | | You may be surprised to find out that the United States consumes a quarter of the world's oil supply but only carries three percent of the world's oil reserves on its own territory. As a result, America is forced to import over 60% of the oil our country needs, relying more and more on foreign countries, particularly in the Middle East, to support our oil dependency.Many experts are under the impression that the introduction and popularity of hybrid vehicles in the US will lessen our dependency on overseas oil. Powered jointly by gasoline and electric engines, hybrids use much less gasoline than conventional vehicles and therefore use less oil. Over 11 million barrels of oil are imported into the US each day and although most of it is contributed to industry, the running of vehicles still uses quite a bit of oil and hybrids provide a way to limit that amount.Because the market reacted so well towards the introduction of hybrid vehicles, it is predicted that more Americans will buy the | | By: Global Warming Articles - Information on Global Wa | | |
| | Economy expected to grow 8.1% in 2008/09: RBI survey | | 2008-04-28 23:50:00 | | A survey of professional forecasters by the Reserve Bank of India (RBI) showed that the Indian economy is expected to grow 8.1% in the 2008/09 fiscal year that began this month. In 2007/08, the gross domestic product is estimated to have grown 8.7%.RBI announces its annual monetary policy review tomorrow, 29 April 2008. Reserve Bank of India (RBI) in its latest report on macroeconomic and monetary developments in 2007/08, has said that the global food prices were likely to remain firm as supply side pressures did not appear to be abating. The central bank said steps takes by the government to rein in prices should help curb inflation. It however said the inflation risks on account of oil prices remain incipient.RBI has noted that freely priced fuel items such as naphtha had increased substantially since February 2007 alongside rising global oil prices, while prices of petrol and diesel, which are government-controlled, had partially adjusted. But prices of kerosene and cooking gas had | | By: Indian stock markets | | |
| | Images of Viet Nam’s economy to be introduced to world | | 2008-04-28 10:02:00 | | A new publication on Vietnamese products and services will be issued by the Viet Nam and World newspaper, said the Ministry of Foreign Affairs at a recent news conference.
The project is aimed to promote foreign economic and trade activities, and to introduce Viet Nam’s businesses, their products and services to the world.
The publication will be modelled after a magazine which depicts the | | By: Vietnam Business Finance News | | |
| | Barack Obama's plan to 'strengthen' the economy | | 2008-04-27 17:25:50 | | (Shorack, guest blogger from Belgium)
After hearing Obama speaking (on youtube ;)) about the oil prices, i took the time to go read the economics section of his plans.
It's quite shocking.
The title used for the post is exactly the same title as for the section. (except for the ' ' ofcourse)
It is full of improving strike possibilities, imposing extra limitations, controls and taxes.
How can...
Click the Headline Link to Visit Copious Dissent and Read the Full Story.
| | By: Copious Dissent - Your Daily Dose of Liberty | | |
| | Federal Reserve Chairman, Mr. Bernanke, On US Economy | | 2008-04-21 21:53:00 | | Yes, as you’ve noticed, I’ve been away a bit. You guys didn’t get too lonely did ya? I’m OK, I‘ve just been busy, busy, busy...but I’m back now and here’s the scoop: The economy is in bad shape. I hope that bit of top secret info didn’t cause you guys too much shock, they(the Feds, etc.) have pulled the wool over our sweet little sheep eyes again. I remember hearing the Federal Reserve Chairman, Ben Bernanke, say in the latter part of last year that we were not in for a recession, but I knew from the looks of things - jobs, gas, housing - that oh yes, we were in a recession in 2007 and certainly now in 2008 - the Feds always have a way of hiding the truth. It’s called lying, oh my, such a dirty word. You mean the federal government, our fine and distingished statesmen lied to us. Why treat us like this, we sheep haven’t done anything wrong, we’re always good little blind and nieve creatures...Why?...Why?...Why?America might be the “promise land” but we don’t | | By: Glendell's Art And Music | | |
| | A helping hand for the Chinese economy! | | 2008-04-21 06:33:30 | | I've just taken delivery of some things I bought at Argos online. I've got five pieces of self-assembly furniture stuck in the hall. On each box is written in bold letters - COUNTRY OF ORIGIN : CHINA - and I'm feeling a tad guilty. Should I? Part of me thinks, oh, what the hell, and the other is thinking of the poor Tibetans, and the rest of them in their undemocratic helotry.I'm going for a cup of coffee! | | By: A View from Middle England by Arden Forester | | |
| | What is keeping commodity prices high in a recessionary economy | | 2008-04-20 09:57:00 | | One of the puzzles of the current slowdown in global growth has been the sharp rise in the prices of commodities. After all, if growth slows so too should the demand for commodities. Yet precisely the opposite has happened, spawning an immense amount of speculation on the reasons for this disconnect.Some of the explanations focus on the supply side, such as the Peak Oil theory, which says that crude oil production has reached its limits. Russia’s failure to expand production for the third month running is the latest piece of news providing ammunition for this view. Other supply-side explanations blame the food shortage on the diversion of land to biofuels and on weather-related problems such as droughts.Another approach has been to point to the weakening dollar. Since commodity prices are internationally denominated in US dollars, any weakening of the currency leaves commodity producers worse off in terms of their home currency. That’s the reason why, says this theory, commodity pr | | By: Indian stock markets | | |
| | | US banking sector and worries about US economy put Dollar under pressure | | 2008-04-15 08:51:51 | | A surprise first-quarter loss at Wachovia Corp, the fourth-largest US bank, suggested more credit market turmoil ahead, prompting traders to sell Dollars, mostly against the Euro and Sterling. That helped wipe out Dollar gains seen after finance officials from the G7 developed countries on Friday expressed concern about sharp currency fluctuations. In addition to Wachovia, Merrill Lynch & Co Inc and Citigroup Inc are due to report first-quarter results later in the week, and analysts say both banks may announce billions of dollars in write-downs. The Fed has cut the benchmark interest rate by 300 basis points at 2.25% since credit turmoil began in late August and is likely to reduce it again when it meets later this month. The European Central Bank, meanwhile, has held rates at 4% for more than a year, and ECB Governing Council member Yves Mersch said Monday there is no room for rate cuts this year.News and Events:The Dollar was little changed on Monday as more banking sector stres | | By: All About Investiment | | |
| | Economy Ailing, Frustrated Italy Picks Berlusconi | | 2008-04-14 22:42:06 | | By IAN FISHER
ROME — Silvio Berlusconi, the idiosyncratic billionaire who already dominates much of Italy’s public life, snatched back political power in elections that ended Monday, heading a center-right coalition certain to make him prime minister for a third term.
But with a weak economy and frustration high that Italy has lost ground to the rest [...] | | By: ArticlesModern | | |
| | | The world economy is in crisis and we are not seeing the bottom yet | | 2008-04-14 07:17:16 | | G-7 continues to monitor the forex market very closely and is concern about the fluctuations in exchange rates. Most of the analysers said that these words would help to the dollar not to lose so fast against the major currency. In World-Signals.com we do not believe the win of the dollar by G-7 meeting. The dollar will remain under new attacks and we can see levels of 1.60 and above this month said George Marshal analyser in World-Signals.com. At the same time the cut of oil production by OPEC will boost the oil above $112 up to $115 in very short time that will help to the euro to gain against the dollar above 1.60. The world economy is in crisis and we are not seeing the bottom yet, said George Marshal. The situation will out of control if all majors banks not start working together to avoid the consequences by the credit crisis and U.S. recession together with strong inflation in Europe. The inflation will remain the main concern for Europe. Europe will give to the world the inflat | | By: All About Investiment | | |
| | The world economy is in crisis and we are not seei | | 2008-04-14 07:15:26 | | The world economy is in crisis and we are not seeing the bottom yet. G-7 continues to monitor the forex market very closely and is concern about the fluctuations in exchange rates. Most of the analysers said that these words would help to the dollar not to lose so fast against the major currency. In World-Signals.com we do not believe the win of the dollar by G-7 meeting. The dollar will remain under new attacks and we can see levels of 1.60 and above this month said George Marshal analyser in World-Signals.com. At the same time the cut of oil production by OPEC will boost the oil above $112 up to $115 in very short time that will help to the euro to gain against the dollar above 1.60. The world economy is in crisis and we are not seeing the bottom yet, said George Marshal. The situation will out of control if all majors banks not start working together to avoid the consequences by the credit crisis and U.S. recession together with strong inflation in Europe. The inflation will remain | | By: All About Investiment | | |
| | An Economy Built on Lies | | 2008-04-12 22:12:06 | | Gary North pens a hard charging piece about the vast web of lies that has enveloped our modern financial, political and economic system. Listen friends, buying the empty rhetoric of lying politicians and the ignorant spouting off of big media personalities WILL NOT HELP YOU when the lies catch up with society.
Please perform your [...] | | By: Ponder This | | |
| | | Today is very important day for ECB and US economy | | 2008-04-10 06:17:47 | | EUR/USD (1.5843)European & US sessions forecast levels: 1.5750/1.5905Trend Sessions: European: Neutral/UpwardUS: Neutral/UpwardMarket Focus: 8:30 AM Initial Claims, Trade Balance, 2:00 PM Treasury Budget, 2:45 AM French Industrial Production, 4:00 AM Italian Industrial Production, 7:45 AM Interest Rate Announcement, 8:30 AM ECB President Trichet Speaks, 12:00 PM Fed Chairman Bernanke Speaks.Daily Strategy: The dollar starts new serious losing against the euro on speculations that ECB is not ready to cut the interest rates. Today is very important day for the US economy important speaks of Trichet and Bernanke. The dollar is close to the record low level against the euro. If today’s news are worse for the US economy and ECB confirm the signal for not cutting interest rates the dollar could set new record against the euro.FS Team | | By: All About Investiment | | |
| | FOMC Minutes suggest worst is not over for U.S economy. BoJ to make rate announcement today. | | 2008-04-10 06:14:29 | | CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) was stronger on Tuesday as concerns about the spread of the U.S downturn could warrant rate cuts from central banks around Europe and Asia when they meet this week. The U.S gain has come on the back of calls from the International Monetary Fund (IMF) for global intervention to tackle the global credit crisis. Tuesday saw the release of the FOMC minutes from the Fed’s March meeting which highlighted the likelihood of a contraction in GDP for the first half of 2008 along with thoughts that “a prolonged and severe economic downturn could not be ruled out.” It also noted there were no signs the U.S housing sector is anywhere near stabilizing as credit woes still continue, this is supported by a worse than expected drop of -1.9% in U.S pending home sales for the month of February after initial forecasts estimated a drop of only -0.7%. The share markets ended slightly down on Tuesday with the NASDAQ dropping 7 points (-0.5%) and the Do | | By: All About Investiment | | |
| | Indian economy to grow at 7.9% in 2008 | | 2008-04-09 22:25:00 | | IMF projected that Indian economic growth rate would slip to 7.9% in 2008 from 9.2% in the previous year, reports agency sources. In 2009, the Indian economy will expand at slightly higher rate of 8%, stated IMF`s World Economic Outlook. The report further said weak export demand and higher financing costs will dampen the growth of private investment, the key driver of growth. The impact of global financial turmoil following US sub-prime crisis, the cost of which is estimated at one trillion dollars by the IMF, will be less in case of emerging economies in the East as compared to developed nations. Growth in consumer prices, which has been rising alarmingly in the recent past in India is expected to moderate to 5.2% in 2008 and 4% in 2009. It was 6.4% in 2007. IMF growth projections for India are in line with other think tanks, including the Prime Minister`s Economic Advisory Council that expected the economic growth rate to moderate to 8.5% during 2008-09 against projections of 8.7% | | By: Indian stock markets | | |
| | Rising oil prices, economy concern pull US markets down | | 2008-04-09 22:24:00 | | US markets finished lower on Wednesday (Apr. 09, 2008) after oil prices touched new record high and a poor profit forecast from United Parcel Service renews concern about the economy.Oil price set another record by touching USD 112 a barrel for the first time in the futures market on Wednesday.The Dow Jones industrial average fell 49.18, or 0.39%, to 12,527.26. The Nasdaq declined 26.64, or 1.13%, to 2,322.12.Indian ADRs also felt the pinch of rising oil prices and concern about the US economy. Out of the total ADRs only ICICI Bank, HDFC Bank and Patni Computers advanced.Losers: Company USD (Price) % Chng Sterlite Industries India 19.41 0.72 Rediff.com 8.45 4.02 WNS (Holdings) 17.15 3.98 Wipro 11.38 3.89 Infosys Technologies 36 1.64 Satyam Computer 22.46 4.38 Tata Motors 15.44 1.53 Tata Communications 24.63 3.34 MTNL 5.05 0.59 Dr. Reddy`s 14.52 3.01 | | By: Indian stock markets | | |
| | US markets slip on economy concerns | | 2008-04-08 23:20:00 | | US markets closed on a negative note on Tuesday (Apr. 8, 2008) after aluminum producer Alcoa and chip maker Advanced Micro Devices reported poor financial result and on increased concerns about the falling US economy.The market opened on negative note on concern about the poor first-quarter earnings. The market lost further after minutes from the Fed`s March 18 meeting, some officials are concerned that there may be long and severe business downturn in the economy.The Dow fell 35.99 points, or 0.29%, to 12,576.44. It opened at 12,602.66 and touched the day`s low of 12,525.80. Nasdaq composite index fell 16.07 points, or 0.68%, to 2,348.76.The Indian ADRs following the foot prints of US market finished lower. There were no gainers.Losers: Company Price (USD) % Chng Sterlite Industries India 19.55 1.71 Rediff.com 8.82 1.23 ICICI Bank 40.46 2.67 Wipro 11.84 0.42 Infosys Technologies 36.6 0.97 HDFC Bank 100 1.09 Satyam Computer 23.49 1.47 Tata Motors 15.68 | | By: Indian stock markets | | |
| | IMF Says Credit Crisis Threatens Economy | | 2008-04-08 10:56:00 | | By Christopher S. Rugaber, AP Business Writer IMF Says Credit Crisis, Despite Some Recent Improvement, Remains Threat to Economic Growth WASHINGTON (AP) -- The International Monetary Fund on Tuesday said the global credit crisis, despite some recent improvement, remains a significant threat to economic growth.Despite "unprecedented intervention" by central banks such as the Federal Reserve, "financial markets remain under considerable strain, now compounded" by a slowing economy, low levels of capital at financial companies and widespread efforts to unload debt, the fund said.The U.S. mortgage and credit crises could cause almost $1 trillion in financial losses, the IMF said in an update to its Global Financial Stability Report, with $565 billion of those losses stemming from the residential mortgage market and related securities, and the rest from the commercial real estate, consumer credit and corporate debt markets.That figure includes $200 billion in losses that banks have already | | By: How to be Rich, Happy and Free from Scams | | |
| | U.S. Economy: Assessing the whole | | 2008-04-08 01:52:00 | | ..."Statistics and numbers fail to tell the whole story because prescribed methodologies used to derive them are not keeping pace with the new economies..."It’s been noted with interest that most, though not all our business dailies, web news pages and general online portals, are giving the U.S. economy a fair share of viewer real estate all the while, painting a grim picture. It remains true that the most recent data is not encouraging, least not on the surface. The mainstream’s pre-occupation with the negative, a propensity, if you will, to advance quantities of negative data with little if any mention of the positives (and there are many) only serves to exacerbate matters for a populace whose confidence in their economy is already declining.While the U.S. is riding a rough patch, if commentators can remain cool, that is, if some of the self-righteous doomsayers can take a few steps back from the numbers, rather than generate a paragraph or two for every tenth of a point fall, t | | By: American Interests | | |
| | As the economy worsens, prepaid becomes more attractive | | 2008-04-07 13:26:26 | | So it appears the U.S. economy is headed into recession, if we're not there already. What exactly this will mean for American families remains to be seen. But it likely means cutting of luxury costs. If we were still at the turn of the century, it might be easier to define cell phones as a [...]
| | By: Cell Phones reviews | | |
| | | Americans dissatisfied with economy by 4 to 1! | | 2008-04-04 05:51:04 | | The United States used to be the Land of Opportunity. Not anymore, it seems. Four-fifths apparently think their future lies between the average and the dire. According to a New York Times/CBS News poll, 81 percent of respondents said they believed that “things have pretty seriously gotten off on the wrong track,” up from 69 percent a year ago and 35 percent in early 2003. That's an acceleration of pessimistic thought beyond imagination!Only 19 percent it must be assumed think life is OK. Could these be those that make up the Bush administration, Ben Bernanke and his Fed Friends, Wall Street "analysts" and sub-prime lenders? After all, they all have some reason to keep up the pretence that all is fine in the garden.Just think. Walk down any street in any town in America and four out of five people you meet are of the opinion the country is on "the wrong track"! I remember Casey Jones being a tad upset if his trains got on the wrong track. Imminent collision was a strong possibility. | | By: A View from Middle England by Arden Forester | | |
| | | Viet Nam’s economy shows signs of overheating: WB | | 2008-04-01 11:16:44 | | The World Bank on April 1 released an update on economic developments in the East Asia and Pacific region, which gives a detailed insight into Viet Nam’s economy.
Signs of overheating
The report says that Viet Nam’s economic growth reached 8.5% in 2007, above the 8-per-cent benchmark for the third consecutive year....
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| | By: Vietnam Stock Market News | | |
| | World Bank: VN Economy to Slow to 8% This Year, Grow 8.5% Next Year | | 2008-04-01 05:31:16 | | Viet Nam’s economic growth is expected to slow by five percentage points this year to 8.0 percent but return to 8.5% next year, the World Bank said in Ha Noi Tuesday.
The Vietnamese economy now shows signs of overheating but overheating is not the result of excessive government spending, Mr. Martin Rama, Lead...
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| | By: Vietnam Stock Market News | | |
| | ”Viet Nam’s economy growth to reach 8.0% this year”, says World Bank | | 2008-04-01 05:28:00 | | Growth in developing East Asia will decline by around one to two percentage points to around 8.5% in 2008 as a result of the unfolding financial turmoil in the US and the resulting global slowdown, says the World Bank’s latest six-monthly review of the East Asia and Pacific region’s economies.
But despite the likely drop from recent double-digit levels, overall growth remains healthy across the | | By: Vietnam Business Finance News | | |
| | Economy to rebound soon, government promises | | 2008-03-29 00:16:13 | | The government will lower its economic growth target even though it forecast the crisis would soon be over, senior figures told a National Assembly committee Friday.
To help dampen inflation, the government will reduce its economic growth target to between 6.5% and 7.5% from 8.5% to 9%, Deputy Prime Minister Hoang...
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| | By: Vietnam Stock Market News | | |
| | The Government’s policies and the Real Estate Sector for the Betterment of Thailand’s Economy | | 2008-03-28 15:32:00 | | Deputy Prime Minister and Finance Minister Mr Surapong Suebwonglee gave a lecture under the title “The Government’s policies and the Real Estate Sector for the Betterment of Thailand’s Economy in 2008” on Wednesday morning.During his speech, Mr Surapong expressed confidence that several policies to be implemented by the government will boost the country’s overall GDP growth by another 0.2-0.3 per cent on top of the initial forecast of 5.5 per cent for 2008.
| | By: Thailand Real Estate News | | |
| | | POTUS Assistant: Viet Nam Emerges as Important Factor in Regional Economy | | 2008-03-22 10:53:00 | | Viet Nam is emerging as an important factor in the ASEAN economy and the U.S. also wants to play an important role in boosting economic cooperation in the region, said a senior assistant to U.S. President George Bush.
Senior Assistant Daniel Price, also Deputy National Security Advisor of the U.S., said this at a press conference in Ha Noi on March 21.
On the same day, he concluded a two-day | | By: Vietnam Business Finance News | | |
| | PM orders sufficient petrol supply for national economy | | 2008-03-22 10:51:00 | | Prime Minister Nguyen Tan Dung has decided not to adjust domestic petrol prices until June 2008 and asked the Vietnam Petroleum Corporation (Petrolimex) and leading petrol importers to ensure an adequate supply of this strategic product for the national economy.
Mr Dung made the decision at a working session with the Vietnam Petroleum Corporation in Hanoi on March 22. It was also attended by | | By: Vietnam Business Finance News | | |
| | Planned economy или инвестиционные решения принимаются централизованно | | 2008-03-21 03:18:51 | | В 2007 году президентом была поставлена задача к 2015 году войти в пятерку (после США, Китая, Японии и Индии) стран по уровню ВВП и завоевать первое место по этому показателю в Европе. В конце октября 2007 года, в правительство поступил проект концепции долгосрочного (до 2020 года) социально-экономического развития РФ, где содержится прогноз, согласно которому рост ВВП, став инновационно-инвестиционным, будет продолжаться вплоть до 2020 года и далее. Позавчера, Концепция социально-экономического развития РФ до 2020 года была разослана МЭРТом в заинтерес | | By: CARMActin - таблетка от жадноÑти | | |
| | U.S. economy loses No. 1 spot as dollar weakens | | 2008-03-20 22:19:00 | | The U.S. economy lost the title of "world's biggest" to the euro zone this week as the value of the dollar slumped in currency markets. Taking the gross domestic product of both economies in 2007, the combined GDP of the 15 countries which use the euro overtook that of the United States when the European currency surged to a record high of more than $1.56 per euro. "The curious outcome of breaching this latest milestone is that the size of the euro zone's annual output has now exceeded that of the U.S.," the economics department of Goldman Sachs, the Wall Street investment bank, said in a note to clients. Taking official estimates of 2007 GDP -- $13,843,800 billion for the United States and 8,847,889.1 billion euros for the euro zone -- the economy of the latter passed the United States once converted into dollars, shortly after the euro topped $1.56. The dollar sank to $1.5688 per euro late in European trading hours on Friday, at which rate the euro zone's 2007 | | By: Indian stock markets | | |
| | Search Engine Marketing – Why The Economy Won’t Get It Down: | | 2008-03-19 03:48:00 | | Competition in the virtual world is as much of a cut-throat type as it is in the offline world. When accessibility to the Internet became easier for the public thanks to improvement in digital technology and a lowering of costs, a lot more people realized just how easy it would be to tap a few words to someone halfway across the world, than lick an envelope and post it. Search engine marketing or SEM harnessed the power of the Internet which relied heavily on the thirst for information requeste | | By: Search Engine Optimization | | |
| | U.S. economy in crisis as it pays price for greed | | 2008-03-18 00:18:00 | | And that is how even the most solid companies, Bank Hapoalim and Bank Leumi fell sharply Monday, along with Africa Israel and The Israel Corporation. And Teva and Israel Chemicals. That is the definition of a crash - everything falls without any distinction between good and bad, including government bonds. Real estate prices are dropping, and oil and commodity prices are skyrocketing. Exporters to the U.S. are hurting from the weak dollar, and a credit crisis is now choking economic activity. The Israeli economy is no longer expected to grow by 5% this year, but only by 3.5%. So maybe this is not really a panic, but just an intelligent and accurate appraisal of reality.
| | By: Israel real estate | | |
| | Cypros A strong economy | | 2008-03-16 06:10:00 | | “I think the impact in Cyprus will be less dramatic. The same will be true in Europe, because Europe is a well run economy with modest budget and trade deficits and good rules that have been able to insulate the economy from these abrupt changes that have happened in the US, where adjustment has been postponed for too long,” he said. “Americans have been living beyond their means. They have a huge budget deficit because of the [Iraq] war, a huge trade deficit and they have only been rescued by the willingness of people like the Chinese and the oil rich countries to hold on to their dollars.”
| | By: Cyprus Real Estate News | | |
| | Five Rules for Thriving in a Bad Economy | | 2008-03-16 04:12:00 | | by Leslie Haggin Geary The news is grim. Housing values are dropping, subprime mortgage meltdowns are spreading, the stock market's uncertain and the overall economy seems to be heading into a recession.No wonder plenty of us are worried.Still, you can protect yourself. Here are some experts' top five must-make strategies to do your best now that the economy is likely in for a choppy ride.Rule No. 1: Don't panicThe stock market's gyrations can give even the hardiest investors a case of the jitters.However, converting all your investments to cash is likely to cause you far more harm than good, says Joe Baker, CFP and president of Alcus Financial Group in Mount Pleasant, S.C."People are scared," he says. "They're asking, 'Is the economy crashing? Should I move my 401(k) to a money market?'"Baker answers: "Please do not, unless you need the cash tomorrow. You'd be making a huge mistake."Unless you need the money short-term -- say, within two years -- it's best to remind yourself tha | | By: How to be Rich, Happy and Free from Scams | | |
| | Avoid Overcorrecting Economy, Bush Warns | | 2008-03-16 03:20:00 | | By Terence Hunt, AP White House Correspondent Bush: Federal Government Must Guard Against Overcorrecting Economy With Sweeping ChangesWASHINGTON (AP) -- President Bush on Saturday said the government must guard against going too far in trying to fix the troubled economy, cautioning that "one of the worst things you can do is overcorrect." Democrats said Bush was relying on inaction to solve the problem.Bush, in his weekly radio address, said the recently passed program of tax rebates for families and businesses should begin to lift the economy in the second quarter of the year and have an even stronger impact in the third quarter. But he urged caution about doing more, particularly about the crisis in the housing market where prices are tumbling and home foreclosures have soared to an all-time high."If we were to pursue some of the sweeping government solutions that we hear about in Washington, we would make a complicated problem even worse -- and end up hurting far more homeowners th | | By: How to be Rich, Happy and Free from Scams | | |
| | | Marine economy must represent over half of GDP | | 2008-03-11 11:40:00 | | Deputy Prime Minister Nguyen Thien Nhan says the marine economy must account for more than 50% of gross domestic product by 2020.
Addressing the fourth International Exhibition on Shipbuilding, Marine Technology and Transportation on March 11, Deputy PM Nhan said the development of marine technology and the shipbuilding industry are important priorities in the country’s marine development | | By: Vietnam Business Finance News | | |
| | Economy Lost 63,000 Jobs in February | | 2008-03-07 20:54:00 | | The economy shed 63,000 jobs in February, the government said on Friday, the fastest falloff in five years and the strongest evidence yet that the nation is headed toward — or may already be in — a recession.Manufacturers and construction companies, reeling from the worst housing slump in decades, led the declines in payrolls. But the losses were spread across a broad range of businesses — including department stores, offices and retail outlets — putting increased pressur | | By: Brand Mantra | | |
| | India and China likely to outgrow US economy by 2050: PriceWaterhouseCoopers | | 2008-03-07 04:02:00 | | In what could be a tectonic shift in the global economic centre of gravity, the size of India's economy would grow to 90 per cent of the US by 2050, with China becoming even bigger than the world's current largest economy, according to a PriceWaterhouseCoopers report. "The global centre of economic gravity is already shifting to China, India and other large emerging economies and our analysis suggests that this process has a lot further to run. Our latest projections suggest that China could overtake the US in around 2025 to become the world's largest economy and will continue to grow to around 130 per cent of the size of the US by 2050," it said. India could grow to almost 90 per cent of the size of the US by 2050, PwC Head of Macroeconomics John Hawksworth said. The global advisory firm projected that Brazil seems likely to overtake Japan by 2050 to move to the fourth place, while Russia, Mexico and Indonesia all have the potential to have economies larger than those of Germ | | By: Indian stock markets | | |
| | Australia's Economy Grows at Slowest Pace in a Year | | 2008-03-04 21:46:00 | | Australia's economy grew at the slowest pace in more than a year in the fourth quarter as construction declined and bottlenecks at ports cut exports.Gross domestic product rose 0.6 percent from the third quarter, when it increased a revised 1.1 percent, the Bureau of Statistics said in Sydney today. The gain matched the median estimate of 24 economists surveyed by Bloomberg News. The $1 trillion economy grew 3.9 percent from a year earlier.A slowdown in Australia's economy, now in its 17th year of expansion, plus the potential fallout from the global credit crisis, gives the central bank scope to delay further interest-rate increases after raising borrowing costs to a 12-year high yesterday to stem inflation. Today's report showed imports surged as the lowest unemployment in more than three decades spurred spending. | | By: Indian stock markets | | |
| | US economy already in recession: Buffett -GOING SOUTH | | 2008-03-04 20:07:51 | | US economy already in recession: Buffett -GOING SOUTH
He sees slowdown across the board; withdraws offer to guarantee bonds
GOING SOUTH: The US is slowing down significantly, but economic conditions have not deteriorated to the deep recession levels of 1973 and 1974, says Mr Buffett. — PHOTO: AFP
NEW YORK - BILLIONAIRE investor Warren Buffett said the United [...] | | By: singapore property real estate news blog | | |
| | Panama's Economy In Good Shape | | 2008-03-03 07:06:03 | | From: Miami Herald International Edition, Saturday, 01 March 2008Panama is expected to continue to receive a strong flow of foreign investment in the coming years, and its economy should continue to grow.That was one of the conclusions reached at a conference Friday, February 29th titled "Panama and the Global Economy," organized by the Americas Society and the Council of the Americas. One of the most important issues discussed at the meeting was the financing for the Panama Canal expansion.Experts said that the bonds issued for the expansion could be rated higher than those issued by the Panamanian government to finance the public debt."Panama's bond rating does not set a ceiling for the rating that could be given to the Panama Canal," said Roberto Arevalo, associate director of Standard & Poor's. Panama is expected to continue to receive a strong flow of foreign investment in the coming years, and its economy should continue to grow.That was one of the conclusions | | By: Tropiland Panama Blog: Your Panama Real Estate Sou | | |
| | Asian markets dive on U.S. economy worries | | 2008-03-02 20:44:10 | | TOKYO, Japan (AP) — Japan’s main stock index plunged more than 4 percent in Monday morning trade, driven by concerns about the state of the U.S. economy and the dollar’s weakness against the yen are driving Tokyo stocks down.
Continuing worries about the U.S. economy has Asian investors nervous.
The benchmark Nikkei 225 stock index lost 551.22 [...] | | By: Indonesia First | | |
| | US stocks futures drop on economy woes; Dell, AIG drag | | 2008-02-29 09:26:00 | | US stock index futures fell on Friday as investors worried the US economy may be on the cusp of recession after disappointing quarterly results from American International Group Inc and Dell Inc . The media reported that a rescue plan for bond insurer Ambac Financial Group Inc had hit a snag added to worries about the financial services sector. As investors' appetite for risk fell, they gravitated from stocks to the relative safety of U.S. Treasuries, pushing up prices and sending the two-year government note yield below 1.75 per cent, a four-year low. The dollar, meanwhile, fell to a three-year low against the yen. Wall Street was poised to take a beating across the board, with Dell, the world's second-largest personal computer maker, set to hurt technology shares after its results missed estimates. Dell fell nearly 4 per cent in European trading. Financial company shares were expected to slide on fears the housing turmoil could spawn more credit losses. AIG's shares fell | | By: Indian stock markets | | |
| | European shares fall on US economy fears, record high oil | | 2008-02-29 09:23:00 | | Europe's main stock markets dropped on Friday after Wall Street fell heavily overnight on renewed fears of a recession in the United States, while record high oil prices also hit sentiment, dealers said. In afternoon trading, London's FTSE 100 index of top companies was down by 0.82 percent in value to stand at 5,916.90 points. Frankfurt's DAX 30 slid 1.41 per cent to 6,765.59 points and the Paris CAC 40 shed 1.33 per cent to 4,800.33. The DJ Euro Stoxx 50 index of leading eurozone shares lost 1.57 per cent to 3,725.01 points. The European single currency stood at $1.5179, after striking a record high 1.5239 earlier on Friday. US share markets suffered heavy losses Thursday as a government report reaffirmed the economy slowed markedly in the fourth quarter, dealers said. Japanese share prices slumped by more than two percent on Friday as losses on Wall Street, a stronger yen and soaring oil prices spooked investors. The price of New York crude reached an historic h | | By: Indian stock markets | | |
| | It's official: India's a trillion-$ economy | | 2008-02-29 03:04:00 | | It's finally official. India is indeed a trillion dollar economy. The Economic Survey released on Thursday said the country's gross domestic product (GDP) for 2007-08 would be the equivalent of $1.16 trillion calculated at the average dollar-rupee exchange rate for the year. In rupee terms, the Central Statistical Organisation has projected GDP at market prices in the current year to reach just a tad under Rs 47,00,000 crore. That also means that India's per capita GDP figure will for the first time cross the $1,000 mark to reach $1,021. In a rather candid remark, the Survey went on to add that at this level India would still remain a low income country going by the World Bank's classification of countries as high-, medium- and low-income. Interestingly, while acknowledging that a better indicator of the relative size of economies is their measure by the purchasing power parity (PPP) method — which calculates conversion rates for currencies based on how much a unit of eac | | By: Indian stock markets | | |
| | Citigroup Highlights Marco Risks of Viet Nam's Economy | | 2008-02-28 09:30:10 | | Citigroup has warned that macro risks of ’s economy have heightened, which are mainly attributed to rising inflation and surging trade and current accounts deficit, the Saigon Times newspaper said.
A ballooning goods trade deficit caused a substantially larger current account deficit last year, which could have...
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| | By: Vietnam Stock Market News | | |
| | U.S. Economy Grew Less Than Forecast Last Quarter | | 2008-02-28 09:23:00 | | The U.S. economy grew less than forecast in the fourth quarter, relying on exports as consumer spending slowed and the slump in homebuilding deepened. Gross domestic product rose at a 0.6 percent annualized rate, unchanged from the initial estimate last month, after a 4.9 percent gain in the third quarter, the Commerce Department said today in Washington. The median estimate in a Bloomberg News survey of economists was for a 0.8 percent increase. Excluding exports and imports, domestic spending contracted, a change from the first estimate, the department said. Combined with figures today showing claims for unemployment insurance jumped last week, the report reinforced traders' expectations for the Federal Reserve to cut interest rates again next month. Fed Chairman Ben S. Bernanke yesterday signaled he's ready to lower interest rates again to sustain the expansion. Traders see a 100 percent chance of a half-point reduction to 2.5 percent by the | | By: Indian stock markets | | |
| | | Businesses, Worried About Economy, Invest Less | | 2008-02-28 04:16:00 | | Hesitant about the shaky economy, American businesses are cutting back on investments and equipment. And the housing industry, in its worst crisis since the early 1990s, is poised for several months of anemic sales.Government reports released Wednesday reinforced concerns that the economy was facing severe headwinds.“Businesses are reluctant to invest because they still have no clue about how the economy is going to shake out over the next six to 12 months,” said Bernard Baumohl, man | | By: Brand Mantra | | |
| | Monetary Policy and the State of the Economy, by US Rep. Ron Paul | | 2008-02-26 00:00:00 | | Price controls are almost universally reviled by economists. The negative economic consequences of price floors or price ceilings are numerous and well-documented. Our current series of hearings have been called to discuss the most important, but least understood, price manipulation in the world today: the manipulation of the interest rate.
By setting the federal funds rate, the rate at which banks in the Federal Reserve System loan funds to each other, the Federal Reserve inhibits the actions of market participants coming together to determine a market interest rate. The Federal Reserve and the federal government do not deign to interfere in setting the price of houses, the interest rate on mortgages, or the prices of wood and steel. The Fed's actions in setting the federal funds rate however, because it reflects the price of money to a borrower and thus affects demand for money, affects prices throughout the economy in a manner less pervasive but just as damaging as direct price | | By: from Reason to Freedom | | |
| | Greenspan negative on US economy | | 2008-02-25 22:02:00 | | The former chairman of the US central bank Alan Greenspan has warned that US economic growth has stalled and a quick recovery is not likely. "As of right now US economic growth is at zero," he said, adding the longer it stayed this way the greater the risk of a deep recession. Wall Street giants Goldman Sachs and Merrill Lynch have both forecast that the US economy will contract in 2008. The US Federal Reserve has said 2008 growth will be between 1.3% and 2%. The forecast, made last week, was half a percent lower than the Fed's previous estimation. The gloomy outlook was blamed on falling house prices, reduced bank lending, turmoil in the financial markets and higher oil prices. More gloom? Mr Greenspan also predicted that booming oil prices, which reached a record of more than $101 last week would keep rising and that the US housing market would see more misery before the tide turned. On Monday, figures from the National Association of Realtors showed US house prices fell 4.6% to $2 | | By: Indian stock markets | | |
| | Japanese researcher praises Vietnam’s efforts to join regional economy | | 2008-02-23 03:55:00 | | The Vietnamese Government’s efforts to promote the country’s integration into regional economy have brought about acknowledgeable results, said an economic researcher of the Japan External Trade Organisation (JETRO).
Executive Vice President of the JETRO’s Institute of Developing Economies Akifumi Kuchiki was talking with a Viet Nam News Agency reporter on the occasion of the Economic Research | | By: Vietnam Business Finance News | | |
| | New fuel economy report to finally recommend diesels and hybrids for first time | | 2008-02-23 02:02:06 | | Filed under: Hybrids/Alternative, Government/Legal, Green
In a move sure to be embraced by environmentalists, a panel of trusted outside experts is finally recommending to federal regulators that light-duty diesel engines and hybrids should be regarded as available technologies to improve fuel economy. Neither of these technologies were included in a previous report released in 2001 when [...] | | By: Car O Focus | | |
| | Blepharoplasty, Mentoplasty Et All And The U.S. Economy: | | 2008-02-22 07:09:00 | | Saqib Ali, a Democrat from Montgomery County, feels that medically unnecessary plastic surgery is a luxury item and has proposed a bill to apply sales tax for plastic surgery procedures that are strictly cosmetic in nature.Regardless of whether this particular bill will bring in money into Alabama is a concern that is hitting a lot of practitioners who are inclined to think contrary to Mr. Ali. The U.S. economy is anything but savory right now and is likely to stay so for a long time (possibly | | By: Eyelid Surgery Beverly Hills | | |
| | | Conspiracy Alert: Wal-Mart Is Responsible For Bad Economy | | 2008-02-19 15:19:28 | | We've all heard them before. It is the big bad corporations who really secretly control everything on Earth. They have uber super secret resources, and membership to micro-manage the entire planet. If the economy is good ... it's a conspiracy by the big corporations to rape you in order to make more profit. If the economy is bad ... it's a conspiracy by the big corporations to rape you in order to make a profit. Guess who the big bad evil corporation is this time around? Well, aren't they always the evil ones?Yahoo:Defying the gloom that many retailers are feeling, Wal-Mart Stores Inc. expects a more profitable year selling to penny-pinching shoppers after its renewed focus on low prices paid off over the holidays with a 4 percent rise in fourth-quarter profit.The world's largest retailer, emerging from a yearlong turnaround effort after sales stumbles in 2005 and 2006, said Tuesday that aggressive holiday discounts and improvements in its more than 4,000 U.S. stores boosted sale | | By: Needs Of The Many | | |
| | SBV’s promissory note plan threatens to destabilize economy | | 2008-02-19 10:26:00 | | Experts have expressed concern that the central bank’s decision to withdraw VND20tril from circulation by issuing compulsory promissory notes will adversely impact the monetary market.
The State Bank of Vietnam began taking immediate measures to tighten monetary policy at the beginning of 2008. However, there are still doubts about whether the central bank’s measures will help keep the inflation | | By: Vietnam Business Finance News | | |
| | | Six Tips For Effective Selling In A Tough Economy | | 2008-02-19 08:02:47 | | By following each of these steps on a daily basis, you will distance yourself from the majority of your competitors. You will not refrain from taking action because of external circumstances. Throughout history, success-driven men and women have prospered in tough economic times. Make the decision to become one of them.
More: continued here | | By: Online Business Alliance & Niches | | |
| | Bush: House Construction, Not War, Hurt Economy | | 2008-02-18 21:28:34 | | “I think actually the spending on the war might help with jobs.”
If you thought President Bush was out of touch and fooling himself (and some Republicans) about the Iraq war… there’s now definitive proof.
http://garlinggauge.com/videos/bushwar.flv
Bush on Today
Is it November yet?
©2008 Garling Gauge. All Rights Reserved.. | | By: Garling Gauge | | |
| | Robust economy, Singapore property market lead to $6.4b surplus | | 2008-02-16 01:06:02 | | Robust economy, Singapore property market lead to $6.4b surplus
Â
By Bryan Lee, Economics CorrespondentÂ
THE Government racked up a Budget surplus of $6.45 billion last year, the highest since 1994, outdoing even the most bullish of market forecasts.
Unexpectedly strong economic growth and a runaway property market sent tax revenues surging, putting paid to an initial projection of [...] | | By: singapore property real estate news blog | | |
| | Adsense revenue down? It’s the economy | | 2008-02-13 08:17:13 | | This explanation wins the Occam’s Razor Award—i.e., the simplest explanation is the correct one. As the economy enters a slow-down period, many advertisers are trimming their budgets, decreasing how much they spend on branding-related advertising and redirecting those funds to more direct response ads, which would include AdWords.
One commentator noted the golden rule of the [...] | | By: SEO Authority | | |
| | As US economy slows, Vietnam considers response | | 2008-02-13 04:47:00 | | If a US economic recession sets in, it will surely have significantly adverse impacts on Asian economies, including Vietnam. Domestic products will have to fiercely compete with Chinese producers and foreign capital inflow will decrease. On the other hand, inflation will almost certainly cool.Supply and demandCitigroup has estimated that China’s GDP will decrease 1.3% for every 1% GDP reduction the US suffers because of fewer Chinese exports to the US.With both giants struggling to cope, Vietnam’s production and export will certainly be affected. When US consumers stop spending, the US will resultantly reduce their imports, from China and elsewhere.As a result, Chinese goods will become less expensive in the US and will more competitively rival Vietnamese products. Moreover, with China reducing its exports to the US, it will import goods to sell in Vietnam and domestic products will be faced with tougher competition with their Chinese counterparts.But there is a bright side. Once | | By: Vietnam Business Finance News | | |
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