Home Prices in 20 U.S. Cities Fall More Than Forecast, Case-Shiller Says
By Alex Kowalski - 2011.11.29 06:18 AM
Residential real estate prices dropped more than forecast in the year ended September, showing the industry at the center of the 2008 financial crisis continues to struggle.
Tuesday, November 29, 2011
Reuters: Insight: In euro zone crisis, companies plan for the unthinkable
Insight: In euro zone crisis, companies plan for the unthinkable
By Ben Hirschler and Scott Malone
LONDON/BOSTON | Tue Nov 29, 2011 5:30pm EST
(Reuters) - When Novo Nordisk's chief financial officer met marketing colleagues last Friday the conversation moved far beyond the usual discussion of sales and performance. Jesper Brandgaard asked a simple, far-reaching question: how would the firm set prices for two pivotal new insulin products if the euro collapsed?
By Ben Hirschler and Scott Malone
LONDON/BOSTON | Tue Nov 29, 2011 5:30pm EST
(Reuters) - When Novo Nordisk's chief financial officer met marketing colleagues last Friday the conversation moved far beyond the usual discussion of sales and performance. Jesper Brandgaard asked a simple, far-reaching question: how would the firm set prices for two pivotal new insulin products if the euro collapsed?
CNNMoney: A French downgrade could derail eurozone rescue
Europe's Debt Crisis
A French downgrade could derail eurozone rescue
By Ben Rooney @CNNMoneyMarketsNovember 29, 2011: 4:40 PM ET
NEW YORK (CNNMoney) -- In what would be another blow to Europe's beleaguered rescue fund, there is growing speculation that France will eventually lose its top-tier credit rating.
A French downgrade could derail eurozone rescue
By Ben Rooney @CNNMoneyMarketsNovember 29, 2011: 4:40 PM ET
NEW YORK (CNNMoney) -- In what would be another blow to Europe's beleaguered rescue fund, there is growing speculation that France will eventually lose its top-tier credit rating.
Tesco pension fund has appetite for non-core real estate strategies
Real Estate News
Tesco pension fund has appetite for non-core real estate strategies
28 November 2011
UK - Jenny Buck, the newly appointed head of property at the Tesco pension fund, will target higher returns by investing outside core real estate.
Tesco pension fund has appetite for non-core real estate strategies
28 November 2011
UK - Jenny Buck, the newly appointed head of property at the Tesco pension fund, will target higher returns by investing outside core real estate.
Monday, November 28, 2011
SG: Eco Analysis - US Housing: New home sales rose modestly in October (B. Jones)
Eco Analysis - US Housing: New home sales rose modestly in October (B. Jones)
■ Closings on newly constructed dwellings moved higher in October
The number of newly constructed dwellings going to contract rose by 1.3% to a five-month high seasonally adjusted annual rate of 307,000 in October. The reported level of activity last month was below both our (330,000) and the median Street projections (315,000), however. Moreover, back-month revisions shaved 15,000 off the previously posted tallies for July through September.
■ Closings on newly constructed dwellings moved higher in October
The number of newly constructed dwellings going to contract rose by 1.3% to a five-month high seasonally adjusted annual rate of 307,000 in October. The reported level of activity last month was below both our (330,000) and the median Street projections (315,000), however. Moreover, back-month revisions shaved 15,000 off the previously posted tallies for July through September.
Sunday, November 27, 2011
Perspectives on e-commerce: demystifying distribution site selection (JLL)
Perspectives on e-commerce: demystifying distribution site selection
Internet—and now, mobile phone—commerce are growing over twice as fast as store retailing.
View report
Resource Insights: Why isn't the Keystone pipeline extension going to eastern Canada?
Resource Insights
Why isn't the Keystone pipeline extension going to eastern Canada?
So much of the discussion surrounding an extension of the existing Keystone oil pipeline system which spans Canada and the United States assumes that the growing production of bitumen (it's not really oil) from the Canadian tar sands is either going to the United States or to China. But the following question ought to be an obvious one to anyone who knows that Canada imports 43 percent of the oil it consumes: Why isn't there any discussion of a new pipeline to eastern Canada where most of the oil consumed is imported?
Why isn't the Keystone pipeline extension going to eastern Canada?
So much of the discussion surrounding an extension of the existing Keystone oil pipeline system which spans Canada and the United States assumes that the growing production of bitumen (it's not really oil) from the Canadian tar sands is either going to the United States or to China. But the following question ought to be an obvious one to anyone who knows that Canada imports 43 percent of the oil it consumes: Why isn't there any discussion of a new pipeline to eastern Canada where most of the oil consumed is imported?
Thursday, November 24, 2011
WSJ: Euro-Zone Activity in Decline
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.
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.
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%.
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