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Despite Foreclosures, Housing Markets Bump Along Bottom, Head Upward in Some Places

added: 23-06-2009

While President Obama, Congress, and the American people debate financial regulatory reform, foreclosures continue to mount as embattled housing markets bump along the bottom.

Improvements in Communication Required to Help Repair Trust in Investment Management Industry

added: 22-06-2009

The investment management industry should work to rebuild trust with investors through a 'back-to-basics' client relationship approach, combining improved communication and education, increasing knowledge sharing, and bolstering corporate governance and risk management transparency, reports a new investment management survey entitled: "Renewing the Promise: Time to mend relationships in Investment Management". KPMG International commissioned Datamonitor to undertake the research.

EU27 Tax Ratio at 39.8% of GDP in 2007

added: 22-06-2009

The overall tax-to-GDP ratio in the EU27 was 39.8% in 2007, a slight increase from 39.7% in 2006. The EU27 tax ratio, which stood at 40.6% in 2000, fell to 38.9% by 2004 and then started to rise.

Employers Back 401(k) as Vital Retirement Savings Tool

added: 22-06-2009

Charles Schwab, in collaboration with CFO Research Services, released the details of a new study “Getting Retirement Savings Back on Track: Employer Views on the 401(k) and Financial Education in the Workplace,” which reveals that a majority of senior finance and human resource executives in corporate America support the 401(k) as an effective savings tool for retirement. According to the study, employers believe they play a role in improving the 401(k) as a benefit for employees, including making 401(k)-specific and general financial education more available in the workplace.

Majorities of Americans Give President Obama Negative Ratings on Handling of Economy

added: 22-06-2009

After five months in office, there may be a small bump in the road for President Obama as Americans appear to be a little more negative towards him. While his job approval is still strong with 54% of U.S. adults giving him positive ratings and 46% giving the president negative marks. This is down from last month, where three in five Americans (59%) gave President Obama positive job ratings while two in five (41%) gave him negative job ratings.

Government Mandates Create Guaranteed Market for Bio-Fuel, Says Frost & Sullivan

added: 22-06-2009

Globally, the largest market for bio-diesel is the European Union. The EU's commitment to achieve a reduction in CO2 emissions by 8.0 percent between 2008 and 2012 has resulted in the setting of a target of 5.75 percent bio-fuels of all transportation fuel by December 2010 and 10 percent by 2020. Though the United States is a smaller market, it is witnessing rapid growth in terms of both new bio-diesel capacities coming on-stream as well as increased consumption of bio-diesel. Markets in Latin America, especially Argentina and Brazil, are also developing strongly.

Thomson Reuters Study Finds Baby Boomers and Generation X Face Healthcare Cost Hurdles

added: 22-06-2009

Twenty-five percent of Americans say they had difficulty paying for healthcare in the past 12 months, with the Baby Boomer and Generation X age groups leading the way, according to a study published by Thomson Reuters. The study, which tracks the impact of the recession on consumers' healthcare behaviors, also found that Generation X and Baby Boomers are 3.5 times more likely to postpone care due to the cost than are older Americans.

US Regional and State Employment and Unemployment in May 2009

added: 22-06-2009

Regional and state unemployment rates were nearly all higher in May. Forty-eight states and the District of Columbia recorded over-the-month unemployment rate increases, 1 state registered a rate decrease, and 1 state had no rate change, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

Global Economic Turmoil Having Dramatic Effects on Capital Flows to Developing Countries

added: 22-06-2009

Amidst global economic recession and financial-market fragility, net private capital inflows to developing countries fell to $707 billion in 2008, a sharp drop from a peak of $1.2 trillion in 2007. International capital flows are projected to fall further in 2009, to $363 billion.

U.S. Managers Feel More Anxious About the Recession, Greater Confidence About the Future for Their Company

added: 22-06-2009

An international survey shows U.S. managers are more stressed about the recession than their global counterparts, but they are among the most optimistic about their professional future.

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