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added: 05-02-2010

The streak of four straight weekly declines in mortgage rates was broken this week. According to Bankrate.com's weekly national survey, the average conforming 30-year fixed mortgage rate rose to 5.15 percent. The average 30-year fixed mortgage has an average of 0.49 discount and origination points.

As World Economy Slowly Recovers, Developing World Faces Scarce Financing, Says World Bank

added: 04-02-2010

The global economic recovery that is now underway will slow later this year as the impact of fiscal stimulus wanes. Financial markets remain troubled and private sector demand lags amid high unemployment, according to a new report from the World Bank.

Seven in Ten Americans Give President Obama Negative Ratings on the Economy

added: 04-02-2010

One of the central themes of President Obama’s first State of the Union address was the economy and the plans that he and his administration have to help turn it around in the near future. The president realizes that this is the issue most impacting Americans directly. It is also an issue that U.S. adults no longer have the same kind of confidence in the White House to fix.

Worldwide IT Spending to Grow 3% in 2010, According to IDC's Worldwide Black Book

added: 04-02-2010

Worldwide spending on information technologies will continue to feel the effects of the global recession throughout 2010. According to a new forecast from IDC, worldwide IT spending will increase by just 3% in 2010 at constant currency. In the United States, IT spending is forecast to increase by less than 3%.

Volume of Retail Trade Remained Stable in Euro Area in December 2009

added: 04-02-2010

In December 2009, compared with November 2009, the volume of retail trade remained stable in the euro area (EA16) and fell by 0.1% in the EU27. In November retail trade decreased by 0.5% in both zones.

Support for, or Opposition to, Health Care Reform Often Has Little to Do with What is Actually Proposed

added: 04-02-2010

Public opinion is sometimes puzzling. Several polls have found strong public support for many of the proposals for health care reform contained in one or both of the bills passed by the Senate and the House of Representatives even among those who are opposed to the bills. What is actually in proposed legislation can be quite different from what people think is in it.

Discover® U.S. Spending MonitorSM Rises 2.2 Points in January 2010

added: 04-02-2010

The Discover U.S. Spending Monitor rose 2.2 points in January to 85.2 (based out of 100), primarily driven by an increase in the number of consumers feeling better about their personal finances. Despite improving views about their finances, a majority of consumers continue to rate the economy as poor and nearly half don’t see economic conditions improving. As a result, consumer spending intentions were flat in January.

Strong Chinese Growth Resumes but Increased Social Spending Needed, says OECD Report

added: 04-02-2010

With the help of massive government stimulus action, China is now leading the world economy out of recession, according to a new OECD report. Already the world’s second largest economy, China could well overtake the United States to become the leading producer of manufactured goods in the next five to seven years, it says.

Support Small Firms while Tackling the Crisis, say MEPs and Experts

added: 04-02-2010

Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday.

Americans Resolve to Increase Savings and Reduce Debt in 2010, First Command Reports

added: 04-02-2010

American families are starting 2010 with a strong commitment to bump up their savings and cut back on debt, intensifying a growing trend toward fiscal responsibility and frugality.

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