If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Senior Tax Analyst from the Tax & Accounting business of Thomson Reuters Provides Insight
In a July 8, 2008 speech on the U.S. housing market, Treasury Secretary Henry M. Paulson, Jr. reported that 1.5 million foreclosures were started in [...]
More than half of employers predict increased workforce unrest and strikes as a result of the recession, according to exclusive research by Personnel Today magazine and law firm Eversheds.
The poll of 783 HR professionals across all sectors, found that 52% feared their organisations would suffer from strikes or other workplace disruption as employees increasingly felt [...]
Valley National Bancorp (”Valley”), the holding company for Valley National Bank, is pleased to announce that it has been chosen as one of the nation’s stronger regional banks to participate in the U.S. Treasury Department’s TARP Capital Purchase Program. On October 24, 2008, Valley was advised by the Treasury that Valley’s application under the program [...]
The Conference Board announced today that the leading index for Germany declined 0.2 percent and the coincident index increased 0.5 percent in August.
The leading index declined for the tenth consecutive month in August, as negative contributions from consumer confidence and interest rate spread offset small increases in the remaining components. Since February, the [...]
Executives Support Recent Moves by Treasury and Fed, but Agree Recession Here
Financial professionals believe that government action over the past three weeks have stabilized the credit markets. Over 1,000 attendees at the Annual Conference of the Association for Financial Professionals (AFP) indicated that various government action, including the U.S. Treasury plan to purchase an [...]
Weak Economy Ahead; Recovery May Be a Year Away
The Conference Board reports today that the Composite Index of Leading Economic Indicators edged up 0.3 percent in September, following a 0.9 percent decline in August, and a 0.7 percent decline in July.
Says Ken Goldstein, Labor Economist at The Conference Board: “This summer, before the financial market [...]
China Sourcing Fair: Gifts & Home Products opens today in Hong Kong at AsiaWorld-Expo with over 3,200 booths
Research conducted last week by Global Sources has revealed that price increases and a decrease in consumer spending are the two biggest challenges facing buyers in the next 12 months. To address these issues, buyers are looking to [...]
Mortgage rates soared this week, with the average 30-year fixed mortgage rate jumping more than one-half percentage point to 6.74 percent. According to Bankrate.com’s weekly national survey, the average 30-year fixed mortgage has an average of 0.42 discount and origination points.
The average 15-year fixed rate mortgage climbed to 6.40 percent, while the average jumbo 30-year [...]
Congress Banking Committees Asked to Hold Oversight Hearings
Washington Mutual, Wachovia, Fannie Mae and Freddie Mac all disappeared without public input; the nation’s two remaining investment banks have become bank holding companies also without public scrutiny; and Bank of America has been allowed to break the bank monopoly barrier with more than 10 percent of [...]
$78 billion in investment losses offset by increases in interest rates
Milliman, Inc., one of the premier global consulting and actuarial firms, today released the first of what will be a monthly update to the Milliman 100 Pension Funding Index. During the financially volatile month of September, the assets of the Milliman 100, which includes [...]