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Automotive Manufacturers Continue to Focus Heavily on New Models and Products

added: 09-01-2009

In the next five years automotive manufacturers are expected to be intently focused on investing heavily in new models/products and new technologies to satisfy consumer demand in purchasing fuel efficient, affordable cars, according to an annual global survey by KPMG LLP, the U.S. audit, tax and advisory firm.

US Online Job Market: Monster Employment Index Registers Sharp Decline in December 2008

added: 09-01-2009

The Monster Employment Index declined 12 points in December, as economic uncertainty continued to weigh on U.S. online recruitment activity. Year-over-year, the Index is down 22 percent, largely steady from the previous two months, suggesting some stabilization in the rate of slowdown in the labor market following a rapid decline during the third and fourth quarters.

Bankrate: Mortgage Rates Flirt with Record Lows

added: 09-01-2009

Mortgage rates fell sharply in the first week of 2009, with the average 30-year fixed mortgage rate plummeting to 5.33 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.39 discount and origination points.

Half of Americans Expect Economy to Get Worse

added: 09-01-2009

As the New Year dawns, over half of all adults (56%) say that, compared to last year, they feel less secure about their financial situation while three in ten (30%) say they feel the same as last year.

Euro Area and EU27 GDP Down by 0.2% in the Third Quarter of 2008

added: 08-01-2009

GDP declined by 0.2% in both the euro area (EA15) and the EU27 during the third quarter of 2008, compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Communities. In the second quarter of 2008, growth rates were -0.2% in the euro area and 0.0% in the EU27.

Euro Area Unemployment up to 7.8% in November 2008

added: 08-01-2009

The euro area (EA15) seasonally-adjusted unemployment rate was 7.8% in November 2008, compared with 7.7% in October. It was 7.2% in November 2007. The EU27 unemployment rate was 7.2% in November 2008, compared with 7.1% in October. It was 6.9% in November 2007.

Bank of England Reduces Bank Rate by 0.5 Percentage Points to 1.5%

added: 08-01-2009

The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 1.5%.

Without Large-Scale Recovery Package, Economy Could Shut Down, Economists Tell Lawmakers

added: 08-01-2009

A large scale economic recovery package is needed to create jobs quickly, provide relief for workers and families, help states facing severe budget shortfalls, and invest in innovation and emerging industries, a bipartisan panel of economic experts and scientists told lawmakers on Capitol Hill. Economists warned that, unless comprehensive action is taken, the economy will shed another 3 million jobs in 2009, real Gross Domestic Product could drop by $750 billion, and the unemployment rate will top 10 percent.

China: National Expenditures on Science and Technology in 2007

added: 08-01-2009

In 2007, China’s total expenditures on science and technology continued to maintain a rapid growth. The expenditures of research and development funds have increased steadily, the input intensity reached the highest level in the history; S&T funds allocated by national finance was further consolidated, which achieved the highest level in nearly a decade in national financial expenditures.

Asian Countries Should Reform Their Pension Systems, says OECD

added: 08-01-2009

Many Asian countries will need to reform their pension systems in order to deliver sustainable and adequate retirement incomes for today’s workers, according to a new OECD report.

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