ECONOMY DECEMBER 23, 2011
Risks Cloud Outlook for Economy in 2012
By CONOR DOUGHERTY
The U.S. economy is poised for another year of muddling through.
Most private economists forecast a modest 2% growth rate for the U.S. in 2012, with a pace subdued by housing woes, a lackluster job market, and cuts by government. Economists also warn of potential spillover from weakness abroad, including a mild recession apparently under way in Europe.
Friday, December 23, 2011
Wednesday, December 21, 2011
USA Today: Nov. home sales up 4%, but earlier sales revised down
USATODAYmoney: Nov. home sales up 4%, but earlier sales revised down http://t.co/ON9gZVFG
Original Tweet: http://twitter.com/USATODAYmoney/status/149519203878187008
Nov. home sales up 4%, but earlier sales revised down
By Derek Kravitz, Associated Press
WASHINGTON – The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated about 3.5 million sales during and after the Great Recession, showing the housing market remains much weaker than previously thought.
Original Tweet: http://twitter.com/USATODAYmoney/status/149519203878187008
Nov. home sales up 4%, but earlier sales revised down
By Derek Kravitz, Associated Press
WASHINGTON – The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated about 3.5 million sales during and after the Great Recession, showing the housing market remains much weaker than previously thought.
CNNMoney: Foreclosure sales still pummeling home prices
Foreclosure sales still pummeling home prices
By Les Christie @CNNMoney December 21, 2011: 10:15 AM ET
NEW YORK (CNNMoney) -- Nearly five years into the crisis, foreclosures are still weighing heavily on home prices.
By Les Christie @CNNMoney December 21, 2011: 10:15 AM ET
NEW YORK (CNNMoney) -- Nearly five years into the crisis, foreclosures are still weighing heavily on home prices.
Tuesday, December 20, 2011
USA Today: Europe hopes, strong housing starts lift stocks
USATODAYmoney: Europe hopes, housing starts lift stocks http://t.co/vF0UJARM
Original Tweet: http://twitter.com/USATODAYmoney/status/149228143465598976
Europe hopes, strong housing starts lift stocks
By Matthew Craft, Associated Press
NEW YORK – The Dow Jones industrial average surged 337 points following encouraging signs out of Europe and a jump in apartment construction in the U.S. It was the best day for U.S. stocks this month.
Original Tweet: http://twitter.com/USATODAYmoney/status/149228143465598976
Europe hopes, strong housing starts lift stocks
By Matthew Craft, Associated Press
NEW YORK – The Dow Jones industrial average surged 337 points following encouraging signs out of Europe and a jump in apartment construction in the U.S. It was the best day for U.S. stocks this month.
Monday, December 19, 2011
Is Algae-based Biofuel an Energy Game Changer?
Is Algae-based Biofuel an Energy Game Changer?
Author: Devon Bass
Published: December 19, 2011 at 10:26 am
Algae is one surprising potential energy source that is showing great promise. It has gained recent media attention as the U.S Navy has announced plans to test the use of algae biofuel in one of its cargo ships. Unlike oil which is only found in underground deposits in certain parts of the world, algae grows in abundance all over the globe. Approximately half of algae’s weight is comprised of lipid oil can be converted into biodiesel. Biodiesel burns more cleanly and efficiently than petroleum.
Author: Devon Bass
Published: December 19, 2011 at 10:26 am
Algae is one surprising potential energy source that is showing great promise. It has gained recent media attention as the U.S Navy has announced plans to test the use of algae biofuel in one of its cargo ships. Unlike oil which is only found in underground deposits in certain parts of the world, algae grows in abundance all over the globe. Approximately half of algae’s weight is comprised of lipid oil can be converted into biodiesel. Biodiesel burns more cleanly and efficiently than petroleum.
Monday, December 12, 2011
NYT: Pondering a Dire Day: Leaving the Euro
Pondering a Dire Day: Leaving the Euro
By LANDON THOMAS Jr.
Published: December 12, 2011
LONDON — It would be Europe’s worst nightmare: after weeks of rumors, the Greek prime minister announces late on a Saturday night that the country will abandon the euro currency and return to the drachma.
By LANDON THOMAS Jr.
Published: December 12, 2011
LONDON — It would be Europe’s worst nightmare: after weeks of rumors, the Greek prime minister announces late on a Saturday night that the country will abandon the euro currency and return to the drachma.
WSJ: Turkish Prices Rise on Rapid Growth
WSJEconomy: Turkish Economy Booms http://t.co/LFukQXXu
Original Tweet: http://twitter.com/WSJEconomy/status/146272574211493888
EUROPE NEWS DECEMBER 13, 2011
Turkish Prices Rise on Rapid Growth
By JOE PARKINSON
ISTANBUL—Turkey's central bank governor warned Monday that inflation was his No.1 problem, as data confirmed the economy expanded 8.2% in the third quarter, smashing economists' expectations and underscoring its reputation as Eurasia's rising tiger.
Original Tweet: http://twitter.com/WSJEconomy/status/146272574211493888
EUROPE NEWS DECEMBER 13, 2011
Turkish Prices Rise on Rapid Growth
By JOE PARKINSON
ISTANBUL—Turkey's central bank governor warned Monday that inflation was his No.1 problem, as data confirmed the economy expanded 8.2% in the third quarter, smashing economists' expectations and underscoring its reputation as Eurasia's rising tiger.
Friday, December 9, 2011
CNNMoney: Europe debt saga far from over
CNNMoney: Europe debt saga far from over... http://t.co/2CMXdHN3 #eurozone
Original Tweet: http://twitter.com/CNNMoney/status/146170643547815936
Europe's Debt Crisis
Europe debt saga far from over
By Ben Rooney @CNNMoneyMarkets December 9, 2011: 3:36 PM ET
NEW YORK (CNNMoney) -- Early Friday morning, a group of European politicians issued a statement, and knees jerked in financial markets around the world.
Original Tweet: http://twitter.com/CNNMoney/status/146170643547815936
Europe's Debt Crisis
Europe debt saga far from over
By Ben Rooney @CNNMoneyMarkets December 9, 2011: 3:36 PM ET
NEW YORK (CNNMoney) -- Early Friday morning, a group of European politicians issued a statement, and knees jerked in financial markets around the world.
CNNMoney: At European banks, the fire sale continues
CNNMoney: RT @FortuneMagazine: At European banks, the fire sale continues. Hedge funds are willing to take a gamble http://t.co/J4auEuUm
Original Tweet: http://twitter.com/CNNMoney/status/146238707505176577
At European banks, the fire sale continues
December 9, 2011: 11:39 AM ET
Big European banks, under pressure to sell assets and shrink their balance sheets, won a victory in the latest deal to save the euro. But they still have a long way to go.
By Cyrus Sanati, contributor
FORTUNE -- Even as European leaders convened this week an emergency summit to save the euro, European banks were busy trying to offload trillions of euros worth of assets in a bid to slim down. But while the banks may appear desperate to sell in order to fortify their balance sheets and comply with new capital restrictions, they don't seem willing to take a bath on their performing assets just yet, frustrating willing buyers hunting for an easy deal.
Original Tweet: http://twitter.com/CNNMoney/status/146238707505176577
At European banks, the fire sale continues
December 9, 2011: 11:39 AM ET
Big European banks, under pressure to sell assets and shrink their balance sheets, won a victory in the latest deal to save the euro. But they still have a long way to go.
By Cyrus Sanati, contributor
FORTUNE -- Even as European leaders convened this week an emergency summit to save the euro, European banks were busy trying to offload trillions of euros worth of assets in a bid to slim down. But while the banks may appear desperate to sell in order to fortify their balance sheets and comply with new capital restrictions, they don't seem willing to take a bath on their performing assets just yet, frustrating willing buyers hunting for an easy deal.
Thursday, December 8, 2011
Deutsche Bank to sell £210m CMBS on Westfield’s Merry Hill
Deutsche Bank to sell £210m CMBS on Westfield’s Merry Hill
Posted on December 8, 2011 3:26 pm by James Wallace
Deutsche Bank will bring a £210m single loan commercial mortgage-backed securitisation (CMBS) to the market in January, secured by the £1bn Westfield Merry Hill shopping centre on the outskirts of Dudley.
http://costarfinance.com/2011/12/08/deutsche-bank-to-sell-210m-cmbs-on-westfields-merry-hill/
Posted on December 8, 2011 3:26 pm by James Wallace
Deutsche Bank will bring a £210m single loan commercial mortgage-backed securitisation (CMBS) to the market in January, secured by the £1bn Westfield Merry Hill shopping centre on the outskirts of Dudley.
http://costarfinance.com/2011/12/08/deutsche-bank-to-sell-210m-cmbs-on-westfields-merry-hill/
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