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Foreclosure Activity Up 14 Percent in Second Quarter 2008

added: 25-07-2008

Activity Increases 121 Percent From Q2 2007. 95 of 100 Largest Metro Areas Post Annual Increases.
RealtyTrac(R)released its Q2 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings were reported on 739,714 U.S. properties during the second quarter, a nearly 14 percent increase from the previous quarter and a 121 percent increase from the second quarter of 2007.

Investors Should Explore Their Options in Today’s Bear Market

added: 25-07-2008

If you are not equipped with the right tools, it can be a tough time to be an individual investor. Since the beginning of 2008, the S&P 500 stock index and the Dow Jones Industrial Average are both down by over 14 percent. Further, a CNN/Opinion Research Corporation poll released on July 7, 2008 showed that 75 percent of Americans feel the economy is in a recession. The bear market, combined with these strong recession fears, has caused many investors to abandon the markets to protect their portfolios.

Total U.S. New Light-Vehicle Sales Expected to Drop to 14.2 Million Units, Reaching the Lowest Levels Since 1993

added: 25-07-2008

J.D. Power and Associates forecasts new light-vehicle sales to drop to 14.2 million units in 2008, marking a 12 percent decrease from 16.1 million units in 2007.

European Union Agrees To Maintain Trade Preferences For Developing Countries

added: 25-07-2008

The European Commission has welcomed the adoption by EU Member States of a new Regulation applying the EC's Generalised System of Preferences (GSP) for the period from 1 January 2009 until the end of 2011. This decision will allow the EU to maintain preferential access to its market for 176 developing countries. The renewed preference system will be updated and improved, ensuring that GSP is targeted at those countries that need it most. GSP provides real economic value to developing countries, with €57 billion worth of trade under the scheme in 2007.

Agriculture Production Costs on the Rise, According to New Rabobank Report

added: 25-07-2008

Much attention has focused lately on the run up in the production of agricultural commodities and its effect on food prices. Additionally, key crop input prices are also rising and show no sign of slowing, according to a new Rabobank report, "U.S. Crop Inputs."

County Employment and Wages Summary: Fourth Quarter 2007

added: 25-07-2008

In December 2007, Fort Bend County, Texas, had the largest over- the-year percentage increase in employment among the largest counties in the U.S., according to preliminary data released by the Bureau of Labor Statistics of the U.S. Department of Labor.

Existing-Home Sales Down in June 2008

added: 25-07-2008

After gaining in May, existing-home sales declined in June with many potential buyers on the sidelines, according to the National Association of Realtors.

Americans Don't Believe Bush, Industry Claims on Gas Prices

added: 25-07-2008

The American public is not buying the arguments of President Bush and the oil industry that new drilling will lower gas prices, a new poll finds.

Fannie Mae and Freddie Mac: A Fall From Grace

added: 25-07-2008

"The recent collapse in the stock prices of Fannie Mae and Freddie Mac is just one in a series of blows to the stability of U.S. financial markets. The threat created by the failure of these two institutions, however, could be even greater than that posed by the collapse of Bear Stearns earlier in the year," says Adolfo Laurenti, senior economist of Mesirow Financial.

€ 45.7 Million EU Support for the Promotion of Agricultural Products

added: 24-07-2008

The European Commission has approved 31 programmes in 16 Member States (Belgium, Denmark, Germany, Estonia, France, Greece, Italy, Luxembourg, the Netherlands, Austria, Poland, Portugal, Slovenia, Slovakia, Sweden and the United Kingdom) to provide information on and to promote agricultural products in the European Union.

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