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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.

Generation Y Has a Radically Different View of Investing – and, They Say It’s Fun!

added: 07-10-2009

Generation Y’s attitude toward investing is such a sharp departure from preceding generations that these new investors are changing perceptions of investing. A new survey commissioned by online investing firm Scottrade shows that young investors (born 1983-1991, ages 18-26) are the most likely to manage their own investments and to describe investing as "fun and interesting."

Despite Economic Improvements, Most Companies Not Ready to Restore Executive Pay Cuts

added: 07-10-2009

Despite the impending economic recovery, most U.S. companies are not planning to restore executive pay cuts or freezes made during the economic crisis in the next six months, according to a new survey by Watson Wyatt, a leading global consulting firm. As they prepare for continuing increased public scrutiny of executive pay, many are avoiding further short-term changes and focusing instead on longer-term shifts toward better pay-for-performance and assessing their compensation programs within the new context of risk management.

American Ingenuity Is Leading Manufacturers and Industrial Companies Out of Recession

added: 07-10-2009

Despite challenges that are out of their control - from the global economic downturn to the fallout of customers closing doors - a new national survey from ThomasNet shows professionals from manufacturing and industrial companies are not only optimistic about their ability to ride through the recent economic slowdown, but even expect to grow in 2009 as the economy shows signs of a rebound.

IFIs Pledge Continued Drive to Support Central and Eastern Europe Through Recovery

added: 07-10-2009

The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe.

Consumers Angry at Credit Card Companies

added: 07-10-2009

Credit card holders are angry. More than a one-third (32%) have paid off and closed a card since January 2008, and half of those that canceled did so in direct response to the actions of credit-card issuers, such as cutting limits, hiking rates, or imposing fees, according to a national poll by Consumer Reports.

Burst Media Survey Reveals Consumer Spending to Be Flat This Holiday Season – But More Online

added: 07-10-2009

Burst Media,a leading provider of advertising representation, services and technology to independent Web Publishers, released the results of a survey focused on consumer’s 2009 holiday spending outlook. Administered last month to over 2,300 adults 18 years and older, the survey found that 62.8% of consumers plan to spend the same or cut back on their holiday purchases compared to 2008. Although consumers plan to hold tight with their spending this holiday season, 85.3% of respondents will shop online.

National 30-year Fixed Mortgage Rate Falls Below 5.00%

added: 07-10-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 4.96 percent, down from 5.02 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Rates for 15-year fixed mortgages fell to 4.39 percent from 4.42 percent, and 5-1 adjustable rate mortgages fell to 3.85 percent, down from 3.94 the week prior.

Co-operate to End the Crisis, Urge EU Regional Policy Gurus

added: 06-10-2009

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