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added: 08-03-2008

Spring break traditionally provides families with welcome winter relief, but this year nearly half of American families with children say the uncertainty about the U.S. economy is causing them to make more modest spring break plans, with most deciding to simply stay at home.

US Economic Slowdown to Lower 2008 Business IT Spending

added: 08-03-2008

According to research from Compass Intelligence, the current economic slowdown is expected to result in lower business expenditures on IT products and services. Annual spending growth on services will decline from 5.3% growth in 2007 to 3.9% growth in 2008. It is anticipated that the economic slowdown will continue through 1H 2008. But this is expected to be a temporary slowdown and by 2009, growth should increase to 4.8%.

OPEC Decision Underscores Need for U.S. Energy Security

added: 08-03-2008

Securing America's Future Energy's (SAFE) today restated the importance of a U.S. strategy to boost energy security. OPEC decided Wednesday not to raise output quotas to stem rising prices for oil, rebuffing appeals from oil-consuming nations. OPEC's 13 oil ministers made the decision at a regular meeting in Vienna, Austria.

US Housing / Banks Deal?

added: 07-03-2008

Bankruptcies in the US rose by almost 30% last month; people in the housing foreclosure process were 97% above January 2007, jingle mail is no longer someone making a poor Christmas joke: it's the sound of letters being delivered to American banks with home keys inside after people have walked away rather than stay and watch the value of their houses, units, flats, etc drop any further.

A Topsy-Turvy Week for Mortgage Rates

added: 07-03-2008

Fixed mortgage rates posted a slight decrease in a wild up-and-down week, with the average conforming 30- year fixed mortgage rate now 6.32 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.39 discount and origination points.

US Reactors Produce Record Power Generation in 2007 as World Nuclear Generation Slumps

added: 07-03-2008

Global power generated by nuclear reactors fell about 3.6% in calendar 2007 from the 2.8 billion megawatt-hours (MWh) recorded in 2006, according to data released by Nucleonics Week, a publication of Platts, a leading global provider of energy and cGlobal power generated by nuclear reactors fell about 3.6% in calendar 2007 from the 2.8 billion megawatt-hours (MWh) recorded in 2006ommodities information.

American Stock Exchange Reports an Increase in Short Interest

added: 07-03-2008

The American Stock Exchange(R) Amex(R)) member and non-member organizations reported short interest of 1,240,299,202 shares as of the February 29, 2008 settlement date, an increase of 66,410,478 from the 1,173,888,724 (adjusted) shares reported on February 15, 2008. The figure represents trades through February 26, 2008.

Flat Existing Homes Sale Likely Before Gradual Recovery

added: 07-03-2008

The volume of existing-home sales is expected to hold steady through late spring, with a gradual recovery during the second half of the year as the mortgage situation improves in high-cost areas, according to the latest forecast by the National Association of Realtors(R).

Continued Growth Signalled for Travel & Tourism Industry

added: 07-03-2008

World Travel & Tourism is expected to generate close to US$8 trillion in 2008, rising to approximately US$15 trillion over the next ten years, according to the latest Tourism Satellite Accounting (TSA) research launched today by the World Travel & Tourism Council (WTTC) and its strategic partner Accenture.

US Employee Confidence Up Slightly; More Workers Concerned About Economy

added: 07-03-2008

The New York Employee Confidence Index increased 0.9 points to 49.1 in January, according to the latest Spherion(R) Employment Report. The monthly survey of New York workers conducted by Harris Interactive(R) on behalf of Spherion Corporation, reveals that although more workers are concerned about the economy, there was an increase in the number of workers who are optimistic about job availability.

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