Grand Rapids Business Daily

Recession News

Let's end house price hysteria Monday, August 30, 2010 @ 6:52PMPredictions of accelerating declines in house prices make great media fodder, but the truth is property values are holding up nicely. 31 Aug 2010 11:41 AM
REGION: Riverside County report warns of unauthorized use of credit Monday, August 30, 2010 @ 6:42PMSeven departments of Riverside County government may still be using unauthorized open lines of credit two years after the Board of Supervisors established a policy requiring purchases be approved ahea
Taxing Issues: Now is the time for government to start paying Monday, August 30, 2010 @ 6:40PMThe prognosis is good for the federal government to speedily recover its fiscal health. But not so for the government in Victoria. And if B.C.’s recession-driven malaise does linger as long as expected, its own health care system will be to blame.
LatinMedios.com, a Leading Hispanic Digital Advertising Agency, Made This Year's Inc. 500|5000 list Monday, August 30, 2010 @ 6:38PMInc. magazine ranked LATINMEDIOS.COM NO. 709 on its exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economyâAmerica's independent-minded entrepreneurs.
Tester Talks Stimulus Dollars And More In Missoula Monday, August 30, 2010 @ 6:36PMDemocrat Senator Jon Tester was in Missoula talking about the city's Higgins Streetscape project and listening to some local Missoula business owners and community representatives.
One in 10 homeowners with a mortgage face foreclosure Monday, August 30, 2010 @ 6:35PMWASHINGTON -- One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little impact stemming the housing crisis.
Obama Hit by Blowback From Earlier Tea Partiers: Amity Shlaes Monday, August 30, 2010 @ 6:34PMGovernors in the U.S. don’t usually brawl, but this year seems to be the exception.
Dallas' Sewell expanding stable of auto franchises Monday, August 30, 2010 @ 6:31PMLARA SOLT/DMN After General Motors quit making Hummers, Carl Sewell of Sewell Automotive quickly corralled a Subaru franchise for his Lemmon Avenue location. The company plans to add six franchises to its stable by year-end.Nearly 100 years after Sewell Automotive putted slowly to life, the big Dallas-based luxury group plans a dramatic - and rapid - expansion this year. By the end of the year ...
As unemployed lose benefits, more seek welfare benefits Monday, August 30, 2010 @ 12:17AMOne morning in July, Lisa Carstarphen climbed out of her husband's car and walked into the beige brick building that houses the offices of Camden County's social services, wondering how at age 46 she ended up there.
Task force to hold forums Monday, August 30, 2010 @ 12:17AMWith the recent recession, a 10 percent decrease in Ohio’s college-age population and redirection of state resources to an aging baby boomer generation pose an obstacle to Miami’s financial stability in the coming years, change will be occurring.
South Africa: State Strike Rumbles On, No Talks Scheduled Monday, August 30, 2010 @ 12:16AMThe strike has put a significant strain on the governing tripartite alliance, with Cosatu threatening to pull the plug on the federation's support for the ANC.
FOREX-Yen pares losses on BOJ disappointment Monday, August 30, 2010 @ 12:15AMFOREX-Yen pares losses on BOJ disappointment
A study in greed Monday, August 30, 2010 @ 12:14AMDON HUNSBERGER Sports Columnist An ancient proverb explains that "If you don't know why something happened, the answer is 'because that's where ...
San Bernardino's till near empty Monday, August 30, 2010 @ 12:13AMSAN BERNARDINO - Budget reserves are so low that City Treasurer David Kennedy says there was no real alternative to the latest round of budget cuts.
L.A. City Council Mulls Redevelopment Program Monday, August 30, 2010 @ 12:13AMThe Los Angeles City Council is expected to decide in October whether to approve a novel program that would assist manufacturers and industrial employers with redevelopment funds.
From Alaska to Australia, voters surprise the establishment Monday, August 30, 2010 @ 12:12AMhttp://www.JewishWorldReview.com | In this tumultuous political year, the latest sharp surprises come from the far reaches of the Anglosphere, Alaska and Australia.
Interest rates could sap bond profits Monday, August 30, 2010 @ 12:11AMhttp://www.JewishWorldReview.com | (MCT) You can lose money in the safest of bonds, even U.S. Treasury bonds and general obligation municipal bonds. I'm not talking about the potential for the world's debt problems leading to governments collapsing and failing to pay interest.
Investors See Value in Mexican Commercial Real Estate Market Monday, August 30, 2010 @ 12:11AMWhile its once-high-flying residential condo market is being pronounced dead, Mexican real estate still has pockets of activity — in selected industries in certain geographic areas — that continue to draw investors on the commercial side.
Boom to bust sees return to basics Sunday, August 29, 2010 @ 4:29PMHow we went from Agent Provocateur to Shapewear in six short but strangely elasticated years
Disney, Time Warner Make Progress on Fees Sunday, August 29, 2010 @ 4:28PMWalt Disney and Time Warner Cable said Sunday they had made progress in resolving their dispute over programming fees.
Las Vegas Logs 5 Murder-Suicides Since Aug. 7 Sunday, August 29, 2010 @ 4:26PMPolice say murder-suicides are on the rise in the Las Vegas area because of a bad economy.
Forget Iceland. Australia's a hotter role model for Scotland, says Alex Salmond Sunday, August 29, 2010 @ 4:26PMFirst it was the "arc of prosperity", likening the economic opportunities presented by an independent Scotland to that experienced in near-neighbours Ireland, Iceland
Mixed reviews, as some venues boom and others struggle to fill seats Sunday, August 29, 2010 @ 4:26PMLEADING promoters believe the audience level for the Edinburgh Festival Fringe may have reached its limit amid claims that a "vortex" of venues in the city's south
Call to hold interest rates at 0.5% Sunday, August 29, 2010 @ 4:25PMThe Bank of England should hold interest rates at 0.5% and consider pumping more money into the British economy to ensure a stable recovery, a leading business group said.
Bernanke: Recovery softer, US Fed ready to act Sunday, August 29, 2010 @ 4:24PMWYOMING: US Federal Reserve chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth.
BOJ Holds Emergency Meeting as Yen Threatens Growth Sunday, August 29, 2010 @ 4:23PMThe Bank of Japan will hold an emergency board meeting today as the yen’s surge to a 15-year high forces policy makers to find ways to support the nation’s slowing expansion.
Deficit Costs Declining Give Obama Stimulus Incentive Clinton Couldn't Get Sunday, August 29, 2010 @ 4:22PMThe bond market is giving President Barack Obama the green light to spend more money to boost the faltering economy.
3DTV's likely limp in crowded Asian market Friday, August 27, 2010 @ 4:23AMWe've had flat screen TVs, LCD plasma TVs, digital TV and internet TV - and now Asian firms are locked in battle to produce the next generation of 3DTVs that work without special glasses to see the effects.
Stock futures higher ahead of GDP data, Bernanke talk Friday, August 27, 2010 @ 4:21AMStock index futures were slightly higher on Friday ahead of a speech from Federal Reserve Chairman Ben Bernanke and an estimate on second-quarter economic growth, which may offer clarity on how strongly the recovery is taking hold.
Research and Markets: Australia is in Need of Outside Assistance to Develop Its Freight Transport Sector to Meet the ... Friday, August 27, 2010 @ 4:21AMDUBLIN----Research and Markets has announced the addition of the "Australia Freight Transport Report Q4 2010" report to their offering.
Research and Markets: Malaysia Freight Transport Report Q4 2010 - in Volume Terms Total Cargo is Expected to Gain 8.1 ... Friday, August 27, 2010 @ 4:20AMDUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6c239a/malaysia_freight_t) has announced the addition of the "Malaysia Freight Transport Report Q4 2010" report to their offering. The Malaysia Freight Transport Report provides industry professionals and strategists, corporate analysts, freight transportation associations ...
More cuts loom after Oregon budget forecast Friday, August 27, 2010 @ 4:17AMAcross-the-board spending cuts will be coupled with previously announced federal aid — and some state reserves — to eliminate a newly projected shortfall of $377.5 million in state tax collections announced Thursday.
Britain grows at fastest pace for nine years Friday, August 27, 2010 @ 4:17AMBritain's economy grew at its fastest pace for nine years in the second quarter as construction soared, official data showed on Friday, but the nation still faces a tough outlook amid severe budget cuts.
Four out of five SMEs to dodge rent review Friday, August 27, 2010 @ 4:16AMAverage lease lengths fell to their lowest ever recorded levels this year, falling by more than 10 months to just five years in 2010.
Cramer's 'Mad Money' Recap: Trading on Data Points (Final) Friday, August 27, 2010 @ 4:16AMCramer says there's not enough data to draw any definitive conclusions about the economy.
Clouds on a sunny dream Friday, August 27, 2010 @ 4:16AMAs I write this, rain is falling and has been for about four days straight. Once-parched porch
Survey: Number of displaced workers soars Friday, August 27, 2010 @ 4:16AMFrom Jan. 2007 through Dec. 2009, 6.9 million workers were displaced from jobs they had held for at least three years, the U.S. Bureau of Labor Statistics reports.
School supplies nothing to sniff at Thursday, August 26, 2010 @ 11:51PMIf some future beings happen to unearth a school supply list, they might conclude that kids back in 2010 were so advanced that they were performing surgery.
Build the NYC mosque Thursday, August 26, 2010 @ 11:49PMBy Keith Yost STAFF COLUMNIST On August 3, the New York City Landmarks Preservation Society voted unanimously not to extend landmark status to 45–47 Park Place, formerly a Burlington Coat Factory, now a partially-damaged warehouse. As far as municipal law goes, the decision was as mundane and routine as handing out a parking ticket or issuing a liquor license — the warehouse, with its ...
NZ market eases slightly ahead of US data Thursday, August 26, 2010 @ 11:49PMThe New Zealand sharemarket ended lower today as profit announcements continued to flow and investors pondered the future of South Canterbury Finance, which has listed debt securities now on trading halt.
Faltering economy worries experts Thursday, August 26, 2010 @ 11:49PMThe widening consensus that the U.S. economy has slowed to a crawl will be hammered home Friday with the government's expected announcement that the nation's second-quarter growth was far more anemic than previously estimated.
Canada Pension Agrees to Buy Australia’s Intoll for $3 Billion Thursday, August 26, 2010 @ 11:48PMCanada Pension Plan Investment Board agreed to buy Intoll Group for A$3.44 billion ($3 billion), gaining stakes in toll roads in Toronto and Sydney.
Snapshot of economy about to get a lot bleaker Thursday, August 26, 2010 @ 11:43PM(AP:WASHINGTON) The government is about to confirm what many people have felt for some time: The economy barely has a pulse.
Feds give more to schools Thursday, August 26, 2010 @ 11:39PMMore than $6.6 million in aid from a federal jobs bill is headed toward local schools to rehire laid-off teachers just before the start of classes.
World central bank? Uneasy role for ultra-easy Fed Thursday, August 26, 2010 @ 11:38PMFederal Reserve officials gathered at this quiet mountain resort may hear some noise from their international counterparts about side-effects of the central bank's ultra-loose monetary policy.
Unemployment hurting housing market Thursday, August 26, 2010 @ 11:37PMWASHINGTON — The jobs crisis is putting more Americans at risk of losing their homes.
Bernanke's words will carry great weight Thursday, August 26, 2010 @ 11:37PMWASHINGTON — The economy appears to be stalling. Yet the Federal Reserve has run out of simple steps it can take to revive it.
Meikles’ share value tumbles Tuesday, August 24, 2010 @ 7:53PMMEIKLES Limited’s value has tumbled 37,5 percent since the beginning of the year, with shareholders losing US$36 722 412 due to issues surrounding the delayed demerger of Kingdom Financial Holdings from the former.
Housing slump clouds US recovery prospects Tuesday, August 24, 2010 @ 7:49PMWASHINGTON - US home sales are plunging despite rock-bottom mortgage rates as high unemployment prevents people from buying houses and threatens to curtail economy recovery.
Shock over housing's skid Tuesday, August 24, 2010 @ 7:47PMThe steep drop surprised analysts and put the volume of single-family dwellings at the lowest level since 1995.