30 Jun, 2011, Warsaw
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c42300003p
Thursday, June 30, 2011
NOMURA LEASES 900,000 SF AT WORLDWIDE PLAZA FOR ITS NORTH AMERICAN HEADQUARTERS
NOMURA LEASES 900,000 SF AT WORLDWIDE PLAZA FOR ITS NORTH AMERICAN HEADQUARTERS
30 Jun, 2011, Warsaw
New York, NY – In a major leasing transaction that provides one of the city’s iconic midtown office properties with a dynamic new anchor tenant, Nomura Holding America Inc., the U.S subsidiary of Tokyo-based Nomura Holdings, Inc., has leased over 900,000 square feet of space at Worldwide Plaza for its Americas headquarters.
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c42300003p
30 Jun, 2011, Warsaw
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c42300003p
Tuesday, June 28, 2011
WSJ: Declines in Home Prices Ease
HOMES|JUNE 29, 2011
WSJ: Declines in Home Prices Ease
By NICK TIMIRAOS And S. MITRA KALITA
Home prices slowed their pace of decline in April, feeding hope that housing is near a bottom. But tens of thousands of foreclosures and faltering consumer confidence are expected to leave markets bumping near their current level for the rest of the year.
WSJ: Declines in Home Prices Ease
By NICK TIMIRAOS And S. MITRA KALITA
Home prices slowed their pace of decline in April, feeding hope that housing is near a bottom. But tens of thousands of foreclosures and faltering consumer confidence are expected to leave markets bumping near their current level for the rest of the year.
WSJ: China Risks Being Next Property-Bubble Blow Up
REAL ESTATE|JUNE 27, 2011
WSJ: China Risks Being Next Property-Bubble Blow Up
BEIJING—A recent decline in Chinese real-estate prices is starting to shake confidence in the country's economic vitality and open a debate about whether the country's economy is over-leveraged. That's what made the real-estate bubble's aftermath so painful for the U.S. and Japan.
WSJ: China Risks Being Next Property-Bubble Blow Up
BEIJING—A recent decline in Chinese real-estate prices is starting to shake confidence in the country's economic vitality and open a debate about whether the country's economy is over-leveraged. That's what made the real-estate bubble's aftermath so painful for the U.S. and Japan.
CNNMoney: Greece austerity: Cure or poison?
CNNMoney: Greece austerity: Cure or poison?
By Aaron Smith @CNNMoney June 28, 2011: 2:39 PM ET
NEW YORK (CNNMoney) -- Riots have erupted in Athens once again, as the Greeks -- already burdened by the most severe austerity measures in Europe -- protest the next potential wave of belt-tightening in the ongoing debt crisis.
By Aaron Smith @CNNMoney June 28, 2011: 2:39 PM ET
NEW YORK (CNNMoney) -- Riots have erupted in Athens once again, as the Greeks -- already burdened by the most severe austerity measures in Europe -- protest the next potential wave of belt-tightening in the ongoing debt crisis.
Monday, June 27, 2011
Robert Shiller Says There Is A "Chronic Illness" In The Spanish Economy
Robert Shiller Says There Is A "Chronic Illness" In The Spanish Economy
Jose Luis de Haro, El Economista | Jun. 27, 2011, 3:25 PM
Robert Shiller is an economist, academic, and best-selling author. He is ranked among the 100 most influential economists of the world and currently serves as the Arthur M. Okun Professor of Economics at Yale. Professor Shiller shared with elEconomista some of his insights on the US and European economies during a phone interview. He recognized "a kind of chronic illness in Spanish economy".
Jose Luis de Haro, El Economista | Jun. 27, 2011, 3:25 PM
Robert Shiller is an economist, academic, and best-selling author. He is ranked among the 100 most influential economists of the world and currently serves as the Arthur M. Okun Professor of Economics at Yale. Professor Shiller shared with elEconomista some of his insights on the US and European economies during a phone interview. He recognized "a kind of chronic illness in Spanish economy".
Money shortage (Andy Xie)
Money shortage
Andy Xie, The New Century Weekly
Summary
The so-called money shortage today reflects excessive money demand in the past, which was a result of very loose monetary policy. If the tightening policy is changed due to the pressure, the monetary condition would go back to the excessively loose state. As inflation is still unstable, i.e., product or service price could jump by 20-30% in one go, loosening monetary policy could trigger hyperinflation and social turmoils.
Andy Xie, The New Century Weekly
Summary
The so-called money shortage today reflects excessive money demand in the past, which was a result of very loose monetary policy. If the tightening policy is changed due to the pressure, the monetary condition would go back to the excessively loose state. As inflation is still unstable, i.e., product or service price could jump by 20-30% in one go, loosening monetary policy could trigger hyperinflation and social turmoils.
Reuters: Exclusive: EU has Plan B if Greece rejects austerity -sources
Reuters: Exclusive: EU has Plan B if Greece rejects austerity -sources
By Luke Baker and Julien Toyer
BRUSSELS | Mon Jun 27, 2011 11:01am EDT
(Reuters) - European Union officials are working on a contingency plan for Greece if its parliament rejects an austerity program and the country cannot receive the next instalment of EU/IMF emergency loans, three euro zone sources said on Monday.
By Luke Baker and Julien Toyer
BRUSSELS | Mon Jun 27, 2011 11:01am EDT
(Reuters) - European Union officials are working on a contingency plan for Greece if its parliament rejects an austerity program and the country cannot receive the next instalment of EU/IMF emergency loans, three euro zone sources said on Monday.
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
Related News: Europe, Italy, Funds, Finance, Insurance, Economy
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
By Aaron Kirchfeld and Sonia Sirletti - Jun 28, 2011 1:46 AM GMT+0900
Greek creditors may be headed toward a rollover agreement involving 70 percent of their bonds to prevent a default and meet politicians’ calls that they contribute to Greece’s second rescue in as many years.
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
By Aaron Kirchfeld and Sonia Sirletti - Jun 28, 2011 1:46 AM GMT+0900
Greek creditors may be headed toward a rollover agreement involving 70 percent of their bonds to prevent a default and meet politicians’ calls that they contribute to Greece’s second rescue in as many years.
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
Related News: Real Estate, US
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
By Jody Shenn - Jun 28, 2011 1:30 AM GMT+0900
U.S. mortgage bonds without government backing are extending losses as signs of a weakening U.S. economy and concern that Greece may default on its debt curb risk-taking.
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
By Jody Shenn - Jun 28, 2011 1:30 AM GMT+0900
U.S. mortgage bonds without government backing are extending losses as signs of a weakening U.S. economy and concern that Greece may default on its debt curb risk-taking.
Finance·Money, Marc Faber
I suppose the world will always develop but that we will always have periods where we have wars and tremendous wealth destruction, or where we have plague and where the population shrinks. I am optimistic about certain issues and pessimistic about others.
- Marc Faber, interview with the Daily Bell, 06/26/2011
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
The Daily Bell
Exclusive Interview
Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Sunday, June 26, 2011 – with Anthony Wile
The Daily Bell is pleased to present an exclusive interview with Dr. Marc Faber.
Introduction: Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D in Economics magna cum laude. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED, which acts as an investment advisor, fund manager and broker/dealer. Dr. Faber publishes a widely read monthly investment newsletter "THE GLOOM, BOOM & DOOM" report which highlights unusual investment opportunities. A regular speaker at various investment seminars, Dr. Faber is well known for his "contrarian" investment approach. He is also associated with a variety of funds.
Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Sunday, June 26, 2011 – with Anthony Wile
The Daily Bell is pleased to present an exclusive interview with Dr. Marc Faber.
Introduction: Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D in Economics magna cum laude. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED, which acts as an investment advisor, fund manager and broker/dealer. Dr. Faber publishes a widely read monthly investment newsletter "THE GLOOM, BOOM & DOOM" report which highlights unusual investment opportunities. A regular speaker at various investment seminars, Dr. Faber is well known for his "contrarian" investment approach. He is also associated with a variety of funds.
Economy, Marc Faber
Economics is a very complex system and is essentially human life and the behavior of humans. So to build one theory around it is probably wrong.
- Marc Faber, interview with the Daily Bell, 06/26/2011
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Finance·Money, Marc Faber
I think that interest rates in time will be much higher because the fiscal deficit will stay very elevated or even increase and that will impair the ability of the government to pay the interest. If the ability to pay the interest is impaired, there's only one way out and that is for them to print money, and so eventually you will get higher interest rates.
- Marc Faber, interview with the Daily Bell, 06/26/2011
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Sunday, June 26, 2011
Reuters: France, banks agree Greek debt proposa:source
Reuters: France, banks agree Greek debt proposa:source
PARIS | Sun Jun 26, 2011 5:34pm EDT
(Reuters) - The French government and banks have agreed on a proposal to make a Greek debt rollover more palatable to creditors, a banking source said on Sunday, confirming a report in Le Figaro newspaper.
PARIS | Sun Jun 26, 2011 5:34pm EDT
(Reuters) - The French government and banks have agreed on a proposal to make a Greek debt rollover more palatable to creditors, a banking source said on Sunday, confirming a report in Le Figaro newspaper.
Bloomberg: European Banks May Need to Raise More Capital
Related News: Hedge Fund Summit, Europe, Japan
Bloomberg: European Banks May Need to Raise More Capital
By Elisa Martinuzzi and Liam Vaughan - Jun 27, 2011 7:01 AM GMT+0900
Deutsche Bank AG (DBK), Germany’s biggest lender, and UniCredit SpA (UCG) are among European banks that may have to raise additional capital after regulators dismissed lenders’ threats that stiffer rules may stunt economic growth.
Bloomberg: European Banks May Need to Raise More Capital
By Elisa Martinuzzi and Liam Vaughan - Jun 27, 2011 7:01 AM GMT+0900
Deutsche Bank AG (DBK), Germany’s biggest lender, and UniCredit SpA (UCG) are among European banks that may have to raise additional capital after regulators dismissed lenders’ threats that stiffer rules may stunt economic growth.
Reuters: Litmus test for U.S. factories, Greece
Reuters: Litmus test for U.S. factories, Greece
By Pedro Nicolaci da Costa
WASHINGTON | Sun Jun 26, 2011 3:05pm EDT
(Reuters) - The U.S. economy has decelerated sharply. A snapshot of the nation's manufacturing sector this week should help reveal whether the slowdown is temporary or the start of a trend.
By Pedro Nicolaci da Costa
WASHINGTON | Sun Jun 26, 2011 3:05pm EDT
(Reuters) - The U.S. economy has decelerated sharply. A snapshot of the nation's manufacturing sector this week should help reveal whether the slowdown is temporary or the start of a trend.
Friday, June 24, 2011
BNP Paribas: Brazil: The labor market remains tight.
BNP Paribas: BRAZIL
The unemployment rate in May was 6.4%, unchanged from April and in line with the consensus view. On a seasonally adjusted basis, the unemployment rate rose to 5.9% from a record low 5.8% reached in April. Both the payroll and the labor force expanded in May, by 0.4% m/m s.a. and 0.3% respectively.
The unemployment rate in May was 6.4%, unchanged from April and in line with the consensus view. On a seasonally adjusted basis, the unemployment rate rose to 5.9% from a record low 5.8% reached in April. Both the payroll and the labor force expanded in May, by 0.4% m/m s.a. and 0.3% respectively.
Thursday, June 23, 2011
Reuters: Greece in deal with EU/IMF on austerity plan
Reuters: Greece in deal with EU/IMF on austerity plan
By Ingrid Melander and Paul Taylor
ATHENS/BRUSSELS | Thu Jun 23, 2011 6:39pm EDT
(Reuters) - European Union leaders promised more money to help Greece stave off looming bankruptcy, provided its parliament enacts an austerity plan finalized in fraught last-minute talks with international lenders.
By Ingrid Melander and Paul Taylor
ATHENS/BRUSSELS | Thu Jun 23, 2011 6:39pm EDT
(Reuters) - European Union leaders promised more money to help Greece stave off looming bankruptcy, provided its parliament enacts an austerity plan finalized in fraught last-minute talks with international lenders.
Bloomberg: Jobless Claims Rise, Confidence Falls
Related News: Economy, US
Bloomberg: Jobless Claims Rise, Confidence Falls
By Alex Kowalski and Shobhana Chandra - Jun 24, 2011 5:34 AM GMT+0900
More Americans than forecast filed first-time jobless claims last week and consumer confidence fell, highlighting Federal Reserve Chairman Ben S. Bernanke’s concern that the slowdown in the economy may persist.
Bloomberg: Jobless Claims Rise, Confidence Falls
By Alex Kowalski and Shobhana Chandra - Jun 24, 2011 5:34 AM GMT+0900
More Americans than forecast filed first-time jobless claims last week and consumer confidence fell, highlighting Federal Reserve Chairman Ben S. Bernanke’s concern that the slowdown in the economy may persist.
CNBC: U.S. Could Face European-Style Debt Crisis: Congressional Report
CNBC: U.S. Could Face European-Style Debt Crisis: Congressional Report
Published: Wednesday, 22 Jun 2011 | 9:55 PM ET
By: AP
The rapidly growing national debt could soon spark a European-style crisis unless Congress moves forcefully, the Congressional Budget Office warned Wednesday in a study that underscores the stakes for a bipartisan group working on a plan to reduce red ink.
Published: Wednesday, 22 Jun 2011 | 9:55 PM ET
By: AP
The rapidly growing national debt could soon spark a European-style crisis unless Congress moves forcefully, the Congressional Budget Office warned Wednesday in a study that underscores the stakes for a bipartisan group working on a plan to reduce red ink.
WSJ: Fed Darkens Its Outlook but Plans No Changes
ECONOMY JUNE 23, 2011
WSJ: Fed Darkens Its Outlook but Plans No Changes
By JON HILSENRATH And VALERIE BAUERLEIN
Federal Reserve officials see the U.S. economy settling into a disappointingly weak recovery this year and next, and say they have done all they are prepared to do to spur growth for now.
WSJ: Fed Darkens Its Outlook but Plans No Changes
By JON HILSENRATH And VALERIE BAUERLEIN
Federal Reserve officials see the U.S. economy settling into a disappointingly weak recovery this year and next, and say they have done all they are prepared to do to spur growth for now.
Bloomberg: Foreclosed Inventory Shrinks as Homes Sell
Related News: Real Estate
Bloomberg: Foreclosed Inventory Shrinks as Homes Sell
By John Gittelsohn - Jun 22, 2011 10:30 PM GMT+0900
About 1.7 million U.S. homes were in the foreclosure process and expected to be put on the market as of April, down 18 percent from the peak, as fewer loans entered delinquency and more distressed homes sold, CoreLogic Inc. (CLGX) said.
Bloomberg: Foreclosed Inventory Shrinks as Homes Sell
By John Gittelsohn - Jun 22, 2011 10:30 PM GMT+0900
About 1.7 million U.S. homes were in the foreclosure process and expected to be put on the market as of April, down 18 percent from the peak, as fewer loans entered delinquency and more distressed homes sold, CoreLogic Inc. (CLGX) said.
Wednesday, June 22, 2011
Reuters: PIMCO head predicts Greece, others will default
Reuters: PIMCO head predicts Greece, others will default
TAIPEI | Tue Jun 21, 2011 11:11pm EDT
(Reuters) - The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area faces a debt crisis.
TAIPEI | Tue Jun 21, 2011 11:11pm EDT
(Reuters) - The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area faces a debt crisis.
Tuesday, June 21, 2011
Bloomberg: Existing-Home Sales in U.S. Fell in May to Six-Month Low, May Be at Bottom
Related News: Economy, Real Estate, US, Municipal Bonds
Bloomberg: Existing-Home Sales in U.S. Fell in May to Six-Month Low, May Be at Bottom
By Timothy R. Homan - Jun 22, 2011 5:19 AM GMT+0900
Sales of existing U.S. homes decreased in May to the lowest level in six months, a sign that the housing market is lagging other parts of the economy.
Bloomberg: Existing-Home Sales in U.S. Fell in May to Six-Month Low, May Be at Bottom
By Timothy R. Homan - Jun 22, 2011 5:19 AM GMT+0900
Sales of existing U.S. homes decreased in May to the lowest level in six months, a sign that the housing market is lagging other parts of the economy.
USAToday: Hydra-headed Greek crisis rises anew
USA TODAY: Hydra-headed Greek crisis rises anew
By Scott Patterson, USA TODAY
The crisis in Greece has been a lot like that never-say-die monster in B horror flicks that keeps popping up to scare the audience, even after it's been gunned down a dozen times. In the past week, the Greek crisis reared its head again, triggering a sell-off of risky assets around the globe. What happened this time?
By Scott Patterson, USA TODAY
The crisis in Greece has been a lot like that never-say-die monster in B horror flicks that keeps popping up to scare the audience, even after it's been gunned down a dozen times. In the past week, the Greek crisis reared its head again, triggering a sell-off of risky assets around the globe. What happened this time?
USAToday: As Fed meets amid soft patch, economists eye second half
USA TODAY: As Fed meets amid soft patch, economists eye second half
By Scott Patterson, USA TODAY
The U.S. economy is at a pivot point, teetering between another downturn and a return to the growth path it was on until earlier this year. That problem is sure to weigh on the mind of Fed Chairman Ben Bernanke as the Federal Reserve convenes today .
By Scott Patterson, USA TODAY
The U.S. economy is at a pivot point, teetering between another downturn and a return to the growth path it was on until earlier this year. That problem is sure to weigh on the mind of Fed Chairman Ben Bernanke as the Federal Reserve convenes today .
Monday, June 20, 2011
Reuters: Hedge fund bosses cautious ahead of Monaco summit
Reuters: Hedge fund bosses cautious ahead of Monaco summit
By Laurence Fletcher
MONACO | Mon Jun 20, 2011 7:11pm EDT
(Reuters) - European hedge funds' top executives will be in cautious mood this week as they gather in Monaco for their annual summit, after big losses in May took some of the shine off a year of inflows and strong returns.
By Laurence Fletcher
MONACO | Mon Jun 20, 2011 7:11pm EDT
(Reuters) - European hedge funds' top executives will be in cautious mood this week as they gather in Monaco for their annual summit, after big losses in May took some of the shine off a year of inflows and strong returns.
WSJ: Housing Troubles Have Deep Foundations
AHEAD OF THE TAPE|JUNE 21, 2011
WSJ: Housing Troubles Have Deep Foundations
By DAVID REILLY
Federal Reserve Chairman Ben Bernanke may be right that recent rises in food and energy prices are transitory. If only the same were true of weakness in the housing market.
WSJ: Housing Troubles Have Deep Foundations
By DAVID REILLY
Fortune: Europe's sickly banks
Europe's sickly banks
By Colin Barr June 20, 2011: 6:30 AM ET
You could knock Europe's banks over with a feather.
By Colin Barr June 20, 2011: 6:30 AM ET
Bloomberg: Greek Default Would Spell ‘Havoc’ for European Banks a Year After Bailout
Related News: Bloomberg, UK, Ireland, Bonds, Economy, Finance, Europe, France, Eastern Europe, Germany
Bloomberg: Greek Default Would Spell ‘Havoc’ for European Banks a Year After Bailout
By Aaron Kirchfeld and Elena Logutenkova - Jun 20, 2011 12:31 PM GMT+0900
A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default.
Bloomberg: Greek Default Would Spell ‘Havoc’ for European Banks a Year After Bailout
By Aaron Kirchfeld and Elena Logutenkova - Jun 20, 2011 12:31 PM GMT+0900
A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default.
Gov't looks into algae potentials
Gov't looks into algae potentials
By ELLALYN B. DE VERA
June 20, 2011, 2:23pm
MANILA, Philippines — The Department of Agriculture (DA) has consulted algae experts to look into the potentials of algae as a source of biofuel in the country.
By ELLALYN B. DE VERA
June 20, 2011, 2:23pm
MANILA, Philippines — The Department of Agriculture (DA) has consulted algae experts to look into the potentials of algae as a source of biofuel in the country.
Sunday, June 19, 2011
Bloomberg: Europe May Withhold Half of Greek Payment
Related News: Economy, Europe, France, Germany, U.K. & Ireland, Bonds, Eastern Europe, Italy, Currencies
Europe May Withhold Half of Greek Payment
By James G. Neuger and Jonathan Stearns - Jun 20, 2011 8:16 AM GMT+0900
European governments weighed withholding half of Greece’s next 12 billion-euro ($17.2 billion) aid payment, seeking to keep the country solvent while maintaining pressure on the government to slash the debt that pitched the euro area into crisis.
Europe May Withhold Half of Greek Payment
By James G. Neuger and Jonathan Stearns - Jun 20, 2011 8:16 AM GMT+0900
European governments weighed withholding half of Greece’s next 12 billion-euro ($17.2 billion) aid payment, seeking to keep the country solvent while maintaining pressure on the government to slash the debt that pitched the euro area into crisis.
CNNMoney: Is the U.S. like Greece?
AMERICA'S DEBT CRISIS
Is the U.S. like Greece?
By Jeanne Sahadi @CNNMoney June 19, 2011: 11:15 AM ET
NEW YORK (CNNMoney) -- Deficit hawks often cite Greece's debt nightmare as a cautionary tale for the United States.
Is the U.S. like Greece?
By Jeanne Sahadi @CNNMoney June 19, 2011: 11:15 AM ET
NEW YORK (CNNMoney) -- Deficit hawks often cite Greece's debt nightmare as a cautionary tale for the United States.
Friday, June 17, 2011
WSJ: Fresh Greek Shock Waves
EUROPE NEWS|JUNE 16, 2011
WSJ: Fresh Greek Shock Waves
Violent Street Protests in Athens Shake Government, Spark Global Market Woes
By COSTAS PARIS, ALKMAN GRANITSAS and BRUCE ORWALL
ATHENS—Greece shook global markets, intensifying fears of a default, as tens of thousands of demonstrators protested a new round of budget-cutting plans and its prime minister offered to step down to try to preserve them.
WSJ: Fresh Greek Shock Waves
Violent Street Protests in Athens Shake Government, Spark Global Market Woes
By COSTAS PARIS, ALKMAN GRANITSAS and BRUCE ORWALL
ATHENS—Greece shook global markets, intensifying fears of a default, as tens of thousands of demonstrators protested a new round of budget-cutting plans and its prime minister offered to step down to try to preserve them.
Bloomberg: Default by Greece ‘Almost Certain’: Greenspan
Related News: Economy, Eastern Europe, France, Germany, Italy
Default by Greece ‘Almost Certain’: Greenspan
By Vivien Lou Chen - Jun 17, 2011 8:46 AM GMT+0900
Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “almost certain” and could help drive the U.S. economy into recession.
Default by Greece ‘Almost Certain’: Greenspan
By Vivien Lou Chen - Jun 17, 2011 8:46 AM GMT+0900
Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “almost certain” and could help drive the U.S. economy into recession.
Thursday, June 16, 2011
Moody’s: Foreclosure Delays Prolong U.S. Housing Correction
Foreclosure Delays Prolong U.S. Housing Correction
- The housing correction will take a little longer than had been expected.
- Resolution of processing issues should be reached by the fall.
- House prices should hit bottom in 2012.
- The housing correction will take a little longer than had been expected.
- Resolution of processing issues should be reached by the fall.
- House prices should hit bottom in 2012.
Wednesday, June 15, 2011
Bloomberg: Greek Bank Threat is Main Stability Risk: ECB
Related News: Economy, Europe, Finance
Greek Bank Threat is Main Stability Risk: ECB
By Jeff Black and Jana Randow - Jun 16, 2011 12:00 AM GMT+0900
The European Central Bank said the threat of the Greek debt crisis spilling over into the banking sector is the biggest risk to the region’s financial stability.
Greek Bank Threat is Main Stability Risk: ECB
By Jeff Black and Jana Randow - Jun 16, 2011 12:00 AM GMT+0900
The European Central Bank said the threat of the Greek debt crisis spilling over into the banking sector is the biggest risk to the region’s financial stability.
CNNMoney: Inflation picks up speed
RECOVERY AT RISK
Inflation picks up speed
By Chris Isidore @CNNMoney June 15, 2011: 9:28 AM ET
NEW YORK (CNNMoney) -- The pace of inflation continued to climb in May, as the recent pullback in gas prices was not enough to ease the strain on consumers' wallets.
Inflation picks up speed
By Chris Isidore @CNNMoney June 15, 2011: 9:28 AM ET
NEW YORK (CNNMoney) -- The pace of inflation continued to climb in May, as the recent pullback in gas prices was not enough to ease the strain on consumers' wallets.
Tuesday, June 14, 2011
Bloomberg: Debt Limit ‘Wrong Tool’ to Force Cuts: Bernanke
Related News: US, Bonds, Economy
Debt Limit ‘Wrong Tool’ to Force Cuts: Bernanke
By Caroline Salas Gage and Joshua Zumbrun - Jun 15, 2011 4:43 AM GMT+0900
Federal Reserve Chairman Ben S. Bernanke said the U.S. debt ceiling shouldn’t be used as a bargaining chip to force budget cuts, and failing to raise it could cause “severe disruptions” in financial markets.
Debt Limit ‘Wrong Tool’ to Force Cuts: Bernanke
By Caroline Salas Gage and Joshua Zumbrun - Jun 15, 2011 4:43 AM GMT+0900
Federal Reserve Chairman Ben S. Bernanke said the U.S. debt ceiling shouldn’t be used as a bargaining chip to force budget cuts, and failing to raise it could cause “severe disruptions” in financial markets.
Bloomberg: Retail Sales in U.S. Fall Less Than Estimated; Demand for Autos Declines
Related News: U.S. · Bonds · Economy · Retail · Municipal Bonds
Retail Sales in U.S. Fall Less Than Estimated; Demand for Autos Declines
By Shobhana Chandra - Jun 15, 2011 5:38 AM GMT+0900
Sales at U.S. retailers fell less than projected in May, showing consumers were weathering elevated gasoline costs.
Retail Sales in U.S. Fall Less Than Estimated; Demand for Autos Declines
By Shobhana Chandra - Jun 15, 2011 5:38 AM GMT+0900
Sales at U.S. retailers fell less than projected in May, showing consumers were weathering elevated gasoline costs.
CNBC: US Housing Crisis Is Now Worse Than Great Depression
US Housing Crisis Is Now Worse Than Great Depression
Published: Tuesday, 14 Jun 2011 | 12:04 PM ET
By: Jeff Cox
CNBC.com Staff Writer
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Published: Tuesday, 14 Jun 2011 | 12:04 PM ET
By: Jeff Cox
CNBC.com Staff Writer
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Bloomberg: Chinese Mount Global Homebuying Spree as Governments Squeeze Local Markets
Related News: Asia, China, Real Estate, Emerging Markets, Economy, Finance, Retail
Chinese Mount Global Homebuying Spree as Governments Squeeze Local Markets
By Kelvin Wong, Nichola Saminather and Hui-yong Yu - Jun 14, 2011 1:00 AM GMT+0900
On a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home -- not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia.
Chinese Mount Global Homebuying Spree as Governments Squeeze Local Markets
By Kelvin Wong, Nichola Saminather and Hui-yong Yu - Jun 14, 2011 1:00 AM GMT+0900
On a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home -- not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia.
Monday, June 13, 2011
CNN Money: Summers: More stimulus needed
RECOVERY AT RISK
Summers: More stimulus needed
By Chris Isidore @CNNMoney June 13, 2011: 11:13 AM ET
NEW YORK (CNNMoney) -- Larry Summers, formerly one of the top economic advisors to President Obama, is advocating more government stimulus to jumpstart the struggling U.S. economy.
Summers: More stimulus needed
By Chris Isidore @CNNMoney June 13, 2011: 11:13 AM ET
NEW YORK (CNNMoney) -- Larry Summers, formerly one of the top economic advisors to President Obama, is advocating more government stimulus to jumpstart the struggling U.S. economy.
Office market: Construction tracks the health of banking - FT.com
Frankfurt as a Financial Centre
June 13, 2011 4:12 pm
Office market: Construction tracks the health of banking
By Ed Hammond
The lofty canyons of Frankfurt’s financial district are once again reverberating with the rumble of heavy machinery.
Caterpillar-tracked piling rigs plunge drill heads into the soil, boring the deep holes for the concrete and steel foundations from which the city’s next generation of skyscrapers will rise.
http://www.ft.com/intl/cms/s/0/ed5ea1c8-955e-11e0-a648-00144feab49a.html#axzz2PXw36Vqx
June 13, 2011 4:12 pm
Office market: Construction tracks the health of banking
By Ed Hammond
The lofty canyons of Frankfurt’s financial district are once again reverberating with the rumble of heavy machinery.
Caterpillar-tracked piling rigs plunge drill heads into the soil, boring the deep holes for the concrete and steel foundations from which the city’s next generation of skyscrapers will rise.
http://www.ft.com/intl/cms/s/0/ed5ea1c8-955e-11e0-a648-00144feab49a.html#axzz2PXw36Vqx
Bloomberg: Profits Seen Increasing Jobs as Earnings in U.S. Grow Fastest Since 1940s
Related News: Economy · Insurance · Canada · Japan · U.K. & Ireland · Stocks
Profits Seen Increasing Jobs as Earnings in U.S. Grow Fastest Since 1940s
By Shobhana Chandra - Jun 13, 2011 8:01 AM GMT+0900
Profits at American companies are poised to be one of the few bright spots in the U.S., helping to steady the faltering recovery.
Profits Seen Increasing Jobs as Earnings in U.S. Grow Fastest Since 1940s
By Shobhana Chandra - Jun 13, 2011 8:01 AM GMT+0900
Profits at American companies are poised to be one of the few bright spots in the U.S., helping to steady the faltering recovery.
Bloomberg: ‘Perfect Storm’ May Threaten Global Economy
Related News: Economy · Asia · China · Finance · Real Estate · Africa · Canada · Europe · Latin America · U.S. · Bonds · Currencies · Middle East · Japan · U.K. & Ireland · Insurance · Funds · Commodities · India & Pakistan
‘Perfect Storm’ May Threaten Global Economy
By Shamim Adam - Jun 13, 2011 8:58 AM GMT+0900
A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.
‘Perfect Storm’ May Threaten Global Economy
By Shamim Adam - Jun 13, 2011 8:58 AM GMT+0900
A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.
Sunday, June 12, 2011
CNN Money: Squatter Nation: 5 years with no mortgage payment
Squatter Nation: 5 years with no mortgage payment
By Les Christie June 12, 2011: 9:23 PM ET
NEW YORK (CNNMoney) -- Charles and Jill Segal have not made a mortgage payment in nearly five years -- but they continue to live in their five-bedroom West Palm Beach, Fla. home.
By Les Christie June 12, 2011: 9:23 PM ET
NEW YORK (CNNMoney) -- Charles and Jill Segal have not made a mortgage payment in nearly five years -- but they continue to live in their five-bedroom West Palm Beach, Fla. home.Reuters: U.S. banks prepare to lower use of Treasuries: report
U.S. banks prepare to lower use of Treasuries: report
NEW YORK | Sun Jun 12, 2011 7:11pm EDT
(Reuters) - A number of Wall Street's biggest banks are preparing to lower their use of U.S. Treasuries in August, the Financial Times reported on Sunday.
NEW YORK | Sun Jun 12, 2011 7:11pm EDT
(Reuters) - A number of Wall Street's biggest banks are preparing to lower their use of U.S. Treasuries in August, the Financial Times reported on Sunday.
Bloomberg: Greek Default Would Not Destabilize the Euro, Bundesbank’s Weidmann Says
Related News: Germany · Bonds · Currencies · Economy · Eastern Europe · Europe · France · U.K. & Ireland · Italy · Hedge Fund Summit
Greek Default Would Not Destabilize the Euro, Bundesbank’s Weidmann Says
By Richard Weiss - Jun 12, 2011 9:46 PM GMT+0900
Bundesbank President Jens Weidmann raised the pressure on governments to agree to a Greek bailout without the European Central Bank taking part in easing the country’s debt burden, saying the euro can withstand a default.
Greek Default Would Not Destabilize the Euro, Bundesbank’s Weidmann Says
By Richard Weiss - Jun 12, 2011 9:46 PM GMT+0900
Bundesbank President Jens Weidmann raised the pressure on governments to agree to a Greek bailout without the European Central Bank taking part in easing the country’s debt burden, saying the euro can withstand a default.
Friday, June 10, 2011
CNN Money: Recession risk: Small, but growing
RECOVERY AT RISK
Recession risk: Small, but growing
By Chris Isidore @CNNMoney June 12, 2011: 8:05 AM ET
NEW YORK (CNNMoney) -- Experts worry that the risk of falling into another recession has increased, according to a CNNMoney economic survey.
Recession risk: Small, but growing
By Chris Isidore @CNNMoney June 12, 2011: 8:05 AM ET
NEW YORK (CNNMoney) -- Experts worry that the risk of falling into another recession has increased, according to a CNNMoney economic survey.
WSJ: Mortgage Rates Set Fresh 2011 Low After Jobs Report
REAL ESTATE|JUNE 10, 2011
Mortgage Rates Set Fresh 2011 Low After Jobs Report
By DREW FITZGERALD
Home mortgage rates fell again to a fresh 2011 low as a week of downbeat jobs data fueled concerns over a possible economic slowdown this year, according to the latest survey from Freddie Mac.
Mortgage Rates Set Fresh 2011 Low After Jobs Report
By DREW FITZGERALD
Home mortgage rates fell again to a fresh 2011 low as a week of downbeat jobs data fueled concerns over a possible economic slowdown this year, according to the latest survey from Freddie Mac.
Thursday, June 9, 2011
ING completes divestment of Clarion Partners
ING completes divestment of Clarion Partners
Amsterdam, 9 June 2011
ING announced today that it has completed the sale of Clarion Partners, ING’s U.S.-based private market real estate investment manager, to Clarion Partners management in partnership with Lightyear Capital LLC for the previously disclosed amount of USD 100 million.
Amsterdam, 9 June 2011
ING announced today that it has completed the sale of Clarion Partners, ING’s U.S.-based private market real estate investment manager, to Clarion Partners management in partnership with Lightyear Capital LLC for the previously disclosed amount of USD 100 million.
Wednesday, June 8, 2011
Bloomberg: U.S. Economy ’Steady’ in Most Areas: Fed
Related News: Economy · U.S.
U.S. Economy ’Steady’ in Most Areas: Fed
By Joshua Zumbrun - Jun 9, 2011 4:25 AM GMT+0900
The Federal Reserve said the economy expanded at a “steady pace” in most of the U.S. while slowing in four of 12 regions as consumers contended with higher food and fuel prices and shortages of parts reduced auto production.
U.S. Economy ’Steady’ in Most Areas: Fed
By Joshua Zumbrun - Jun 9, 2011 4:25 AM GMT+0900
The Federal Reserve said the economy expanded at a “steady pace” in most of the U.S. while slowing in four of 12 regions as consumers contended with higher food and fuel prices and shortages of parts reduced auto production.
Tuesday, June 7, 2011
WSJ: Fed Sees Recovery Lagging
ECONOMY|JUNE 7, 2011
Fed Sees Recovery Lagging
Bernanke Says Growth Slower Than Expected, Monetary Policy Isn't 'Panacea'
By JON HILSENRATH
Federal Reserve Chairman Ben Bernanke offered a relatively glum view of the U.S. economy, acknowledging that it is growing more slowly than the Fed had expected, but predicted improvement later this year.
Fed Sees Recovery Lagging
Bernanke Says Growth Slower Than Expected, Monetary Policy Isn't 'Panacea'
By JON HILSENRATH
Federal Reserve Chairman Ben Bernanke offered a relatively glum view of the U.S. economy, acknowledging that it is growing more slowly than the Fed had expected, but predicted improvement later this year.
Design Centre Chelsea Harbour
Design Centre Chelsea Harbour
Buildington Rating & Notes
http://www.buildington.co.uk/buildings/london_sw10/lots_road/design_centre_chelsea_harbour/id/2204
http://www.buildington.co.uk/buildings/london_sw10/lots_road/design_centre_chelsea_harbour/id/2204
| Address: | Design Centre Chelsea Harbour, Lots Road, London SW10 0XF |
| Type: | Commercial |
| Retail: | 85 |
| Website: | http://www.dcch.co.uk |
| Description: | Design Centre Chelsea Harbour is a commercial building. Located in spectacular glass domes, the space provides the ideal environment for 85 showrooms and over 400 international brands. At over 90,000 sq ft, the Design Centre is the largest of its kind in Europe and well-established as a leading design destination. |
Buildington Rating & Notes
http://www.buildington.co.uk/buildings/london_sw10/lots_road/design_centre_chelsea_harbour/id/2204
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| Design Centre Chelsea Harbour - View to the building from Imperial Wharf Station |
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| Entrance to Design Centre Chelsea Harbour |
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| RIBA bookshop at Design Centre Chelsea Harbour |
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| Design Centre Chelsea Harbour |
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| Design Centre Chelsea Harbour |
http://www.buildington.co.uk/buildings/london_sw10/lots_road/design_centre_chelsea_harbour/id/2204
Saturday, June 4, 2011
Bloomberg: Jobless Rate Unexpectedly Rises in Sign of Extended U.S. Economy Slowdown
Related News:Economy · Insurance
Jobless Rate Unexpectedly Rises in Sign of Extended U.S. Economy Slowdown
By Shobhana Chandra - Jun 4, 2011 1:01 PM GMT+0900
The unemployment rate in the U.S. unexpectedly climbed to 9.1 percent in May and payrolls grew at the slowest pace in eight months, showing employers are losing confidence as the economy slows.
Jobless Rate Unexpectedly Rises in Sign of Extended U.S. Economy Slowdown
By Shobhana Chandra - Jun 4, 2011 1:01 PM GMT+0900
The unemployment rate in the U.S. unexpectedly climbed to 9.1 percent in May and payrolls grew at the slowest pace in eight months, showing employers are losing confidence as the economy slows.
Wednesday, June 1, 2011
CNBC: Europe Warns US to Speed Up Bank Reform
Europe Warns US to Speed Up Bank Reform
Published: Wednesday, 1 Jun 2011 | 4:41 AM ET
By: Peter Spiegel, Financial Times
The European Union’s top financial regulator has warned the Obama administration that it must speed up and toughen its new banking rules in order to prevent American banks from having unfair advantages over their European counterparts.
Published: Wednesday, 1 Jun 2011 | 4:41 AM ET
By: Peter Spiegel, Financial Times
The European Union’s top financial regulator has warned the Obama administration that it must speed up and toughen its new banking rules in order to prevent American banks from having unfair advantages over their European counterparts.
Bloomberg: Dollar, Metals Slide on U.S. Growth Concerns
Dollar, Metals Slide on U.S. Growth Concerns
By Stephen Kirkland - Jun 1, 2011 6:14 PM GMT+0900
The dollar slid to a three-week low versus the euro before reports likely to show the U.S. recovery is cooling. German bunds dropped, while corn and sugar gained.
By Stephen Kirkland - Jun 1, 2011 6:14 PM GMT+0900
The dollar slid to a three-week low versus the euro before reports likely to show the U.S. recovery is cooling. German bunds dropped, while corn and sugar gained.
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