From http://online.wsj.com/
EUROPE BUSINESS NEWS
NOVEMBER 24, 2011
Euro-Zone Activity in Decline
By PAUL HANNON
LONDON—The euro-zone economy seems set for a contraction in the final three months of this year as the turmoil in government bond markets takes its toll on credit availability and consumer and business confidence.
Thursday, November 24, 2011
Tuesday, November 22, 2011
Bloomberg: Pimco’s El-Erian Says U.S. Economic Setting ‘Terrifying’
From http://www.bloomberg.com/
Pimco’s El-Erian Says U.S. Economic Setting ‘Terrifying’
By Cordell Eddings and Betty Liu - 2011.11.22 07:20 PM
Pacific Investment Management Co.’s Chief Executive Officer Mohamed A. El-Erian said U.S. economic conditions are “terrifying” as the nation struggles to recover from recession.
Pimco’s El-Erian Says U.S. Economic Setting ‘Terrifying’
By Cordell Eddings and Betty Liu - 2011.11.22 07:20 PM
Pacific Investment Management Co.’s Chief Executive Officer Mohamed A. El-Erian said U.S. economic conditions are “terrifying” as the nation struggles to recover from recession.
SG: Eco Analysis - US 3Q GDP: Slower growth, but a better mix (B. Jones)
Eco Analysis - US 3Q GDP: Slower growth, but a better mix (B. Jones)
2011.11.22 07:09 AM
■ The Bureau of Economic Analysis pared Q3 GDP growth from 2.5% to 2.0%
Although the headline figure was a touch weaker than our projection (2.2%), the composition of this morning's report was pretty much in line with our thinking. All of the downward adjustment to Q3 GDP could be explained by a larger drag from inventories during the reference period. In contrast to the earlier-reported $5.4-billion build, the real level of stocks actually contracted by $8.5 billion, knocking an additional 0.47 percentage point off Q3 growth. Real final sales advanced at an annualized pace of 3.6%, unchanged from the advance report, as a narrower trade gap was countered by marginally weaker consumer and investment spending. After adjusting for the smaller external deficit, the net contribution to Q3 growth attributable to domestic demand was trimmed by about ¼ percentage point to 3.06%.
2011.11.22 07:09 AM
■ The Bureau of Economic Analysis pared Q3 GDP growth from 2.5% to 2.0%
Although the headline figure was a touch weaker than our projection (2.2%), the composition of this morning's report was pretty much in line with our thinking. All of the downward adjustment to Q3 GDP could be explained by a larger drag from inventories during the reference period. In contrast to the earlier-reported $5.4-billion build, the real level of stocks actually contracted by $8.5 billion, knocking an additional 0.47 percentage point off Q3 growth. Real final sales advanced at an annualized pace of 3.6%, unchanged from the advance report, as a narrower trade gap was countered by marginally weaker consumer and investment spending. After adjusting for the smaller external deficit, the net contribution to Q3 growth attributable to domestic demand was trimmed by about ¼ percentage point to 3.06%.
Monday, November 21, 2011
Chile's mining industry
http://www.economist.com/blogs/americasview/2011/11/chiles-mining-industry
Chile's mining industry
Good copper bad copper
Nov 21st 2011, 22:39 by G.L. | SUR POINT
CHILEAN business has historically been a cosy, clubby world, where deals are sealed with a handshake in social settings. However, now that the price of copper, the country's chief export, has reached record highs, Chile is getting a taste of proper corporate drama.
Chile's mining industry
Good copper bad copper
Nov 21st 2011, 22:39 by G.L. | SUR POINT
CHILEAN business has historically been a cosy, clubby world, where deals are sealed with a handshake in social settings. However, now that the price of copper, the country's chief export, has reached record highs, Chile is getting a taste of proper corporate drama.
USA Today: Economists forecast modest growth for next year
From http://www.usatoday.com/
Economists forecast modest growth for next year
By Martin Crutsinger, Associated Press
The U.S. economy will muddle through the next year without a recession, but growth will be too weak to make much of a dent in the unemployment rate, according to the latest nationwide survey of economic forecasters.
Economists forecast modest growth for next year
By Martin Crutsinger, Associated Press
The U.S. economy will muddle through the next year without a recession, but growth will be too weak to make much of a dent in the unemployment rate, according to the latest nationwide survey of economic forecasters.
USA Today: Existing home sales up 1.4%, still at depressed levels
Existing home sales up 1.4%, still at depressed levels
By Derek Kravitz, Associated Press
2011.11.21 10:03 AM
WASHINGTON – The number of Americans who bought previously occupied homes rose slightly last month but remained at depressed levels. And more deals are being canceled at the last minute, a sign that even those who are looking to buy are worried about the housing market.
By Derek Kravitz, Associated Press
2011.11.21 10:03 AM
WASHINGTON – The number of Americans who bought previously occupied homes rose slightly last month but remained at depressed levels. And more deals are being canceled at the last minute, a sign that even those who are looking to buy are worried about the housing market.
CNNMoney: In Spain, new leadership, same problems
In Spain, new leadership, same problems
November 21, 2011: 10:50 AM ET
Spain is in no immediate danger of going bust. But as its economy shrinks and its banks start to crumble, Spain will look more like its spendthrift southern European neighbor, Greece.
November 21, 2011: 10:50 AM ET
Spain is in no immediate danger of going bust. But as its economy shrinks and its banks start to crumble, Spain will look more like its spendthrift southern European neighbor, Greece.
SG: Eco Analysis - Forecast Update: Home resales posted smaller decline in Oct (B. Jones)
Eco Analysis - Forecast Update: Home resales posted smaller decline in Oct (B. Jones)
2011.11.21 06:35 AM
■ Available data from state realtor associations suggest resales slipped to 4.85 million
In contrast to our previously published call for a 3.1% drop to a three-month low seasonally adjusted annual rate of 4.76 million, the number of homes closed likely dipped by just 1.2% to an above-consensus 4.85 million.
2011.11.21 06:35 AM
■ Available data from state realtor associations suggest resales slipped to 4.85 million
In contrast to our previously published call for a 3.1% drop to a three-month low seasonally adjusted annual rate of 4.76 million, the number of homes closed likely dipped by just 1.2% to an above-consensus 4.85 million.
Sunday, November 20, 2011
Design Centre Chelsea Harbor
Design Centre Chelsea Harbor
Everything you ever wished for your apartment and even more.
Even if you are not planning on buying design furniture or Italian tiles for your bathroom, Design Centre Chelsea Harbor is well worth visiting.
http://www.lomography.com/magazine/locations/2011/11/20/design-centre-chelsea-harbor
A dazzling space for 90 showrooms and over 500 international interior brands. At over 90,000 square feet, it is the largest of its kind in Europe and well-established as a leading design destination. Design Centre occupies three huge glass domes – south, central and north. The space is cleverly decorated with huge pots of trees and orchids, and the installations coming from the dome ceilings are always changing. One time it could be figures of the geese, another time, shining black fish with disco balls.
There is an amazing book store right by the entrance- RIBA Bookshop where you can come to keep up to date with all the latest trends. There are two coffee shops here as well.
Apart from just selling interior design products, Design Centre runs ‘Focus’, which gives great access to everything new, not only to trade specialists but to the general public, before it reaches the stores’ shelves. They also take part in London Design Week by running free seminars, lectures, and master classes.
After you are done with Versace sofas and all that stuff, go and have a walk around the Chelsea harbor itself. Built in the late 1980s it contains luxury apartments, a 5-star home named Wyndham Grand surrounding a small marina with beautiful yachts and boats.
Perfect place for “Lomography-ing”, in my opinion.
Design Centre Chelsea Harbour
Lots Road
London
SW10 0XE
Closest tube station is Fulham Broadway. Can also be reached via Imperial Wharf overground station.
http://www.dcch.co.uk/
written by neja
http://www.lomography.com/magazine/locations/2011/11/20/design-centre-chelsea-harbor
Everything you ever wished for your apartment and even more.
Even if you are not planning on buying design furniture or Italian tiles for your bathroom, Design Centre Chelsea Harbor is well worth visiting.
http://www.lomography.com/magazine/locations/2011/11/20/design-centre-chelsea-harbor
A dazzling space for 90 showrooms and over 500 international interior brands. At over 90,000 square feet, it is the largest of its kind in Europe and well-established as a leading design destination. Design Centre occupies three huge glass domes – south, central and north. The space is cleverly decorated with huge pots of trees and orchids, and the installations coming from the dome ceilings are always changing. One time it could be figures of the geese, another time, shining black fish with disco balls.
There is an amazing book store right by the entrance- RIBA Bookshop where you can come to keep up to date with all the latest trends. There are two coffee shops here as well.
Apart from just selling interior design products, Design Centre runs ‘Focus’, which gives great access to everything new, not only to trade specialists but to the general public, before it reaches the stores’ shelves. They also take part in London Design Week by running free seminars, lectures, and master classes.
After you are done with Versace sofas and all that stuff, go and have a walk around the Chelsea harbor itself. Built in the late 1980s it contains luxury apartments, a 5-star home named Wyndham Grand surrounding a small marina with beautiful yachts and boats.
Perfect place for “Lomography-ing”, in my opinion.
Design Centre Chelsea Harbour
Lots Road
London
SW10 0XE
Closest tube station is Fulham Broadway. Can also be reached via Imperial Wharf overground station.
http://www.dcch.co.uk/
written by neja
http://www.lomography.com/magazine/locations/2011/11/20/design-centre-chelsea-harbor
Thursday, November 17, 2011
S&P: U.S. Real Estate: Stable, But Susceptible To Economic Shock
U.S. Real Estate: Stable, But Susceptible To Economic Shock (00:06:50 min)
Although Standard & Poor’s believes that the U.S. residential and commercial real estate sectors have bottomed out, companies will remain vulnerable to economic shocks--especially homebuilders. Real estate investment trusts (REITs) are well-positioned, but growth in the sector will be muted. In this CreditMatters TV segment, Managing Director Lisa Sarajian looks at the trends shaping both sectors. Topics include single-family home sales and starts trends, and REIT earnings performance.
Although Standard & Poor’s believes that the U.S. residential and commercial real estate sectors have bottomed out, companies will remain vulnerable to economic shocks--especially homebuilders. Real estate investment trusts (REITs) are well-positioned, but growth in the sector will be muted. In this CreditMatters TV segment, Managing Director Lisa Sarajian looks at the trends shaping both sectors. Topics include single-family home sales and starts trends, and REIT earnings performance.
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