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EU-Wide Complaints-Classifying System to Speed up Policy Response to Failing Markets

added: 07-07-2009

The European Commission unveiled a blueprint for an EU-wide method for classifying and reporting consumer complaints, inviting public comments on the proposal. The number of consumer complaints is a key indicator of market health. About half of European consumers who are dissatisfied with how their original complaint was handled by a trader turn to a third party such as a consumer organisation or regulator for help.

Mortgage Rates Inch Down For Third Consecutive Week

added: 07-07-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.40 percent, down from 5.48 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Meanwhile, rates for 15-year fixed mortgages fell to 4.79 percent from 4.87 percent, and 5-1 adjustable rate mortgages also fell to 4.49 percent, down from 4.65 the week prior.

U.S. Medical Bankruptcies a Myth, Personal Bankruptcy Rate Higher in Canada

added: 07-07-2009

The idea that large numbers of Americans are declaring bankruptcy due to medical expenses is a myth and the introduction of government-run health insurance in the U.S. will do nothing to reduce personal bankruptcies, concludes a new study from the Fraser Institute.

Shift of Demand for Solar Energy From Europe and United States to Asian Heavy Weights, Finds Frost & Sullivan

added: 07-07-2009

The global solar power industry is currently going through turbulent times. In the last few months, reviews of previously planned expansion programs, restructuring, lower revenue and profit forecasts, and cuts in production levels by solar power companies were widely covered in the news.

Economy Forces Most Wired Hospitals to Look Closely at IT Spending

added: 07-07-2009

The economic crisis is forcing many hospitals to make tough decisions with scarce resources, including delaying and scaling down information technology (IT) projects, according to a newly released survey of America's "most wired" hospitals and health systems. While progress has been made and incentives to implement IT will be available through the recently passed stimulus legislation, many hospitals still have a long way to go.

The Conference Board Employment Trends Index Declines Moderately in June 2009

added: 07-07-2009

The Conference Board Employment Trends Index (ETI)™ saw a moderate decline in June. The index now stands at 88.4, decreasing 0.8 percent from the revised May figure of 89.1, and down 21.6 percent from a year ago.

World Bank: Hype Surrounding "World Class Universities" Far Exceeds Education Reality in Many Countries

added: 07-07-2009

Countries which aspire to build "world class universities" to drive economic development and compete in global rankings of the best international universities may be "chasing a myth" that could take years to materialize, cost hundreds of millions of dollars to build and operate, and still fall short of the social and economic rewards commonly associated with these "elite" institutions, according to a new World Bank report launched at a UNESCO higher-education summit in Paris.

G8 Summit to Discuss Principles and Standards for Global Business Dealings

added: 07-07-2009

One of the agenda items at the G8 Summit in L’Aquila this week is expected to be a discussion of a proposed new "Global Standard" for international business dealings. An Italian-led working group has drawn up, with the assistance of the OECD, a list of 12 "common principles and standards" in support of this project.

Financial Services: No Return to Growth Until First Half of 2010 at the Earliest

added: 06-07-2009

The majority of global financial services companies expect no return to growth until the first six months of 2010 or even later, according to new Ernst & Young research.

Ten Proposals for Getting out of the Crisis and for a New Global Balance

added: 06-07-2009

It is very tempting to hope for a fast way out of the current economic difficulties. The Circle of Economists is disassociating itself from this reassuring vision, which does not make it possible to envision and implement the institutional reforms and coordination essential for the emergence of a new growth model. Contrary to popular belief, this period may be favourable to France.

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