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Majority Opposes Using Bailout Funds to Help Defaulting Homeowners

added: 07-01-2009

As a new Congress and the incoming Obama Administration prepare to tackle record numbers of foreclosures that have depressed real estate values, a new national survey released by the Reecon Advisory Report found that a majority of Americans, 51 percent, opposes using Federal bailout funds to help pay the mortgages of homeowners who are in default. Forty-three percent of those surveyed favor helping homeowners in trouble.

Majority of Young Americans Making Fiscal Fitness a 2009 Priority

added: 07-01-2009

Consumer Reports Retirement Survey: Planning Ahead May Be Just As Risky As Rewarding

added: 06-01-2009

In the wake of big investment losses many have turned to Plan B to strategize and rebuild their retirement nest egg, according to Consumer Reports latest retirement survey. There is a lot of ground to recover: 51 percent of retired readers and 55 percent of those just short of retirement are facing investment losses of at least 20 percent in the past 12 months.

Severe Recession to Extend Through Mid-2009, Followed by Slow Recovery

added: 06-01-2009

Economists surveyed by BNA expect the recession to be one of the worst in post-war history, lasting until at least mid-2009. The downturn will be marked by heavy job losses and cuts in consumer spending and business investment. The gradual resumption of growth starting in the third quarter is likely to hinge on the success of the federal government's massive economic stimulus and financial intervention efforts.

Global Economic Slowdown Taking Toll on Property Markets

added: 06-01-2009

Commercial real estate markets worldwide are beginning to show the effects of an economic slowdown that started in the United States and has quickly spread far and wide, according to the 23rd annual Global Market Report released by NAI Global. After several years of strong and often spectacular growth, transaction volume declined precipitously in 2008 and market fundamentals began to weaken as a lack of capital and a lack of confidence forced investors and corporate tenants to the sidelines.

Home Prices and Sales Tumbled in October 2008

added: 06-01-2009

According to the October 2008 RPX™ Monthly Housing Market Report released by Radar Logic Incorporated, home prices and sales volumes decreased more in October 2008 than in any other October since the beginning of Radar Logic's data, January 2000.

Venture Capital Investment in Greentech and Renewable Energy Exceeds $2.5B in Q4 2008 and Reaches $7.7B for the Year

added: 06-01-2009

Greentech Media Inc., the industry-leading online media company covering green technology news and analysis, released the most recent quarterly data showing that venture capital investment in green technologies exceeded $2.5 billion in the fourth quarter of 2008, a modest decrease from the previous quarter's total of $2.9 billion.

Euro Adoption Proceeds Smoothly in Slovakia

added: 06-01-2009

The changeover to the euro in Slovakia is taking place smoothly. By the end of Saturday 3 January some 27% of payments in shops were made in euro and virtually all customers were getting their change in the currency now shared by nearly 329 million Europeans including some 5.4 milion Slovaks. No major problems were observed in banks or in retail sector.

Grubb & Ellis Predicts a Challenging 2009 for Commercial Real Estate

added: 06-01-2009

Grubb & Ellis Company released its 2009 Global Real Estate Forecast, which indicates that 2009 will be a challenging year for commercial real estate with the economy starting the year 13 months into what may become the longest recession since the 1930s.

Layoffs, Company Closures, Outsourcing, Cost Cutting, and Returning Retirees Dampen IT Salaries

added: 06-01-2009

Janco Associates has just released its January 2009 IT Salary Survey and the prospects look grim for IT professionals. A perfect storm driven by the recent worldwide economic downturn, company closures, layoffs, cost cutting, outsourcing, and retirees who have had to return to the job market because of the lost value of their investment portfolios have created a surplus of IT talent.

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