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Retail Industry in Depression RWDSU Leader Says

added: 12-12-2008

Responding to a Labor Department report that the number of Americans collecting unemployment benefits has soared to 4.43 million, the president of the Retail, Wholesale and Department Store Union is saying that quick federal action "is the only hope of keeping millions of retail workers and their families from falling into poverty."

On Track for More Competitive Rail Freight in Europe

added: 12-12-2008

The European Commission has just taken a decisive step in promoting the international transport of goods by rail. EC adopted a proposal for a regulation that would involve working with Member States to designate international rail corridors providing operators with an efficient, high-quality freight transport infrastructure. This is central to Europe’s rail revival and to creating a transport system in the Community that is both efficient and sustainable.

The Leading Index for Spain Decreased by 1.2 Percent in October 2008

added: 12-12-2008

The Conference Board reports that the leading index for Spain decreased by 1.2 percent and the coincident index decreased 0.3 percent in October.

East Asia Won't be Spared the Impacts of Global Economic Storm, says World Bank Report

added: 12-12-2008

While East Asian countries have entered the current crisis substantially better prepared than they were for the 1997 Asian financial crisis, none have been spared the full fury of the global economic storm, says the World Bank's latest six-monthly assessment of the East Asia & Pacific region's economic health.

Deloitte Consumer Spending Index Stabilizes in November 2008

added: 12-12-2008

The Deloitte Research Leading Index of Consumer Spending stabilized in November, primarily due to the drop in gasoline prices and the resulting rise in real wages. The Index attempts to track consumer cash flow as an indicator of future consumer spending.

U.S. Import and Export Price in November 2008

added: 12-12-2008

The U.S. Import Price Index fell for the fourth consecutive month, the Bureau of Labor Statistics of the U.S. Department of Labor reported, decreasing 6.7 percent in November as falling prices for both petroleum and nonpetroleum imports contributed to the decline. Export prices declined 3.2 percent in November, the fourth consecutive monthly decrease.

Bankrate: Mortgage Rates Down Six Straight Weeks

added: 12-12-2008

Mortgage rates continue to fall, with the average 30-year fixed mortgage rate falling from 5.92 percent to 5.8 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.35 discount and origination points.

U.S. Consumer Confidence Hovers Near Six-Year Low, According To RBC Cash Index

added: 12-12-2008

Consumer sentiment plunged to a near all-time low as Americans continued to be bombarded with bleak economic news, according to the most recent results of the RBC CASH (Consumer Attitudes and Spending by Household) Index.

Global Financial & Climate Crisis: New Report Urges Fresh Look at Latin American Solutions

added: 12-12-2008

In the midst of the most severe global financial crisis in decades, the World Bank today urged the international community to look to Latin America for innovative solutions to avert a climate crisis. The region is in a position to lead middle income countries in reducing emissions from deforestation, breaking the impasse on hydropower development, improving energy efficiency, and transforming urban transport, a new Word Bank study concludes.

Foreclosure Activity Decreases 7 Percent in November 2008

added: 12-12-2008

RealtyTrac(R)released its November 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 259,085 U.S. properties during the month, a 7 percent decrease from the previous month but still up 28 percent from November 2007. The report also shows one in every 488 U.S. housing units received a foreclosure filing in November.

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