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Bankrate: Mortgage Rates Down 6th Straight Week

added: 09-10-2009

The average conforming 30-year fixed mortgage rate dipped to 5.22 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.34 discount and origination points.

Financial Crisis: MEPs Demand More Help for Poorest Countries

added: 09-10-2009

The financial crisis is turning into a human one, pushing a further 90 million people into extreme poverty in 2009 alone, warned MEPs on Thursday. The funds pledged are too little, and will arrive too slowly to make the difference that developing countries need. MEPs call for more innovative funding and better worldwide regulation to prevent a further financial crisis.

New-Car Shoppers Delay Purchase After Cash for Clunkers

added: 08-10-2009

According to the latest Kelley Blue Book www.kbb.com Market Intelligence Study, since the end of the CARS 2009 program (commonly referred to as 'Cash for Clunkers'), in-market car shoppers have indicated they are once again delaying the purchase of a new vehicle. However, the price consumers are considering paying for a new car has significantly increased in the month since the CARS 2009 program ended.

Most Employers Making Changes to Their 2010 Medical Program Expect to Increase Employee Contributions

added: 08-10-2009

As employees flip through their open enrollment packets, they may notice substantial changes to their medical plan for 2010, from increases to employee contributions to introducing a wellness program, according to the 2009 Benefits & Talent Survey by Aon Consulting, the human capital consulting firm of Aon Corporation.

Commission Calls for Additional €50bn in Low Carbon Technologies

added: 08-10-2009

European Commission called public authorities, business, and researchers to join efforts in order to develop by 2020 the necessary technologies to address climate change, secure EU energy supply and ensure the competitiveness of our economies. In a proposal on "Investing in the development of low-carbon energy technologies", the Commission estimates that an additional investment of €50 billion in energy technology research will be needed over the next 10 years. This means almost tripling the annual investment in the European Union, from €3 to €8 billion.

75% of Americans Plan on Working as Long as They Can

added: 08-10-2009

A new study released by Bankrate, Inc. shows that the vast majority of working Americans plan to work as long as they can during retirement age, showing a redefinition of how Americans view traditional retirement plans.

Euro Area GDP Down by 0.2% and EU27 GDP Down by 0.3% in the Second Quarter of 2009

added: 08-10-2009

Euro area (EA16) GDP fell by 0.2% and EU27 GDP by 0.3% during the second quarter of 2009, compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Communities. In the first quarter of 2009, growth rates were -2.5% in the euro area and -2.4% in the EU27.

EU Incompetence Threatens Air Safety

added: 08-10-2009

With air accidents on the increase, European air safety will continue to be compromised due to the European Transport Commissions failure to de-politicise the enforcement of its own regulations. This was the message delivered to delegates attending the 37th AEI Annual Congress. Despite the recent FAA revelations admitting regulatory oversight lapses in the United States, the arrogance of European politicians unwilling to take on board vital lessons, will continue to pose a serious threat.

Crisis Highlights Urgent Need for Deeper and Broader Macroeconomic Coordination and Surveillance in Euro Area

added: 08-10-2009

The euro acted as a crucial shield against the shock waves inflicted by the worst economic and financial crisis in post-war history. But the crisis also shows the importance to address competitiveness divergences as a matter of common interest and without further delay. Ensuring an efficient internal adjustment that puts the euro area on a sustained and balanced growth path and restores the long-term sustainability of its public finances is the way pointed by the 2009 Annual Statement on the Euro Area.

Industrial Sector Responding to Economy by Reducing Costs and Adjusting Projections, Seeking Out Growth Opportunities

added: 08-10-2009

The vast majority of organizations within the U.S. industrial sector (73 percent) have reduced spending in response to revenue shortfalls caused by the economic recession, according to a recent survey of engineering, manufacturing, technical and industrial professionals.

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