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SalonAmerica's great divergenceSalonSurrounded by some of the wealthiest zip codes in California, its streets are lined with an eclectic mix of midcentury ranch houses side by side with newly built mini-mansions and low-rise apartment buildings. In 1969, David Breedlove was a young ...
20 May 2012 | 6:02 am
Financial Post (blog)Spain buckling under bond pressure, bank crisis, recessionFinancial Post (blog)The Spanish Treasury had to pay around 5% to attract buyers of three- and four-year bonds. The longer-dated paper sold with a yield of 5.106%, way above the 3.374% the last time it was auctioned. “This … fits the pattern of recent sales, ...and more »
17 May 2012 | 4:35 am
Treasury Demand Shows Deficits Irrelevant With Record YieldsBusinessWeekThey snapped up the 10-year notes sold by the Treasury Department at an auction last week at a yield of 1.855 percent, a record low for that maturity. Trading has slowed to levels last seen before the global financial crisis began in 2007 as money ...and more »
13 May 2012 | 10:15 pm
Consumer Confidence Up: Solid Jobs Growth Or Crashing Expectations AheadForbesConsumer confidence hit a four year high on Friday as people appeared upbeat on the prospects of a stronger job market. Despite what have been a few months of weaker than expected non-farm payroll additions, twice as many people heard of job gains ...
11 May 2012 | 8:36 am
Forbes (blog)CFA Institute Conference: Fix The Financial IndustryForbes (blog)I think one of the most encouraging themes at the conference for individual investors was the awareness from within the financial industry that problems exist and need to be fixed. CFA Institute President and CEO John Rogers made a demand to restore ...and more »
11 May 2012 | 5:54 am
Jobless Claims Allay Concern on US Job Market: EconomyBusinessWeekBy Lorraine Woellert and Timothy R. Homan on May 10, 2012 Claims for unemployment benefits declined last week to the lowest level in a month, easing concern that the US labor market is faltering. First-time claims dropped by 1000 to 367000 in the ...and more »
10 May 2012 | 5:35 am
BloombergJobless Claims in U.S. Decreased 1000 Last Week to 367000BloombergClaims for unemployment benefits declined last week to the lowest level in a month, easing concern that the US labor market is faltering. First-time claims dropped by 1000 to 367000 in the period ended May 5, the Labor Department said today in ...and more »
10 May 2012 | 5:32 am
The Guardian (blog)Eurozone crisis live: Slump in manufacturing signals deeper recessionThe Guardian (blog)4.49pm: European markets have closed lower on another downbeat day, thanks to rising unemployment and a slump in manufacturing across the eurozone. The FTSE 100 has finished down 54.12 points at 5758.11, a near 1% decline. Germany's Dax is 0.8% lower, ...and more »
2 May 2012 | 12:17 am
BloombergObama Fails to Stem Middle-Class Slide He Blamed on BushBloombergUnderlying the erosion of the middle class, defined by some economists as the middle 60 percent of income earners, are trends that stretch back decades, including competition from lower-wage workers overseas and technological advances that allow ...and more »
30 April 2012 | 5:46 pm
Jobs, consumer data to take back focusMarketWatchWeekly jobless claims also have been stuck in the high 380000 area recently, up from a four-year low reading of 361000 in February. Employment figures are more important now, Orlando noted, as they're more likely to be free of noise from such factors ...and more »
27 April 2012 | 9:01 pm