A Denver man has decorated his home with 15,569 Budweiser cans and their cases. Without reading the story, you already know at least two things: 1) There is no woman living in that house, and 2) Someone has probably given this guy a silly nickname based on his quirky behavior.There are pictures and a video at the link so you can see what the house looks like with its Budweiser motif. Personally, I
ZenithOptimedia has reduced its forecast for ad-spend growth in 2009 from 4% to 0.2% as the fallout from the financial crisis has spread throughout the real economies of the developed world.However among the big emerging ‘BRIC’ markets Zenith forecast continued growth in 2009, from 5% for Russia, through 9% in China and 13% in India, to 30% in Brazil.As reported by LivemintInternet advertising
Here is some more housing economic data coming from the Toronto Star:
New reports from the CMHC and the Bank of Canada show that “A severe economic downturn could result in a substantial increase in default rates on household debt,” the bank said in its December review. “Household indebtedness could act as a channel of contagion [...]
As Texans focus on budgeting for holiday spending they will find gas prices are about $1.20 less than they were this time last year, according to AAA Texas Weekend Gas Watch. The average price of regular unleaded gasoline fell 6 cents statewide compared to last week, from $1.755 to $1.695 a gallon. The national average price fell by nearly 8 cents from $1.868 to $1.789.
Interest-only mortgage deals in the mainstream residential market are in decline, according to research from Paragon Mortgages. Paragon's research, a panel-based survey of over 200 financial advisers, shows that interest-only accounted for 23% of mortgages introduced by advisers during the third quarter of 2008.This was down from 26% in the first quarter of the year and the second survey in succes
Ed Price/The Star Ledger:The Yankees announced they are not offering arbitration to any of their free agents. It means they will not get draft-pick compensation when they sign elsewhere.A recent rule change means that the Yankees are still allowed to re-sign any of the players.In the case of Andy Pettitte, the Yankees want him back, but at less than the $16 million he made this year. If the Yankee
Home prices in record decline
A Case-Shiller survey shows a 16.6% annual decline in the summer months as the housing picture continues to deteriorate.
By Les Christie, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) — The home price plunge stayed on a record pace this summer, according to a widely watched gauge of national real-estate markets released Tuesday.
The S&P [...]
Here's a report from an inside source:When asked about why his Dallas Mavericks are competing with the Grizzlies (each are 3-7) Dirk said, "look we traded that young kid who was good and young, got a tremendous prehistoric point guard, problem is he's just too old to get me a ring." He thinks the trade could not have been Cuban approved, "I feel it was those damn Grizzlies, they were responsible f
"Mortgage Rates Decline Again"
Home-mortgage rates dropped again this week, prompted by more indications of weakness in the economy, Freddie Mac's chief economist said.
The 30-year fixed-rate mortgage averaged 6.14% on a national basis for the week ending Nov. 13, down from 6.20% last week and 6.24% a year ago, according to Freddie Mac's weekly survey. The 15-year fixed-rate mortgage averaged
As reported by Marketwire - "County Level IAS360 House Price Index Data Showing Promise Amid Worsening Housing Market in September":Integrated Asset Services, LLC (IAS, www.iasreo.com), a leader in default management and residential collateral valuation, today released its IAS360 House Price Index for September 2008. The monthly report, which includes the most current and granular data available i
The employment situation has quickly deteriorated as the credit crisis deepens and more and more Americans are quickly holding on tighter to their wallets. This isn’t necessarily pervasive to our nation alone as we are seeing globally people from many nations are starting to feel the impacts of this economic contraction.
The challenge of course is [...]
The State Bank of Vietnam (SBV) has put forward different measures to implement the tasks assigned by the Government to stablise the macro-economy within the context of the global economic recession. In order to make clear the assessment on the impacts of the implementation of the monetary policy tools relating to the interest rate and the exchange rate, Nhan Dan reporter has had an interview
Toni Solo: varieties of imperial declineScoop.co.nz, New Zealand - Nov 8, 2008That view was confirmed in Managua on the night of Obama's election triumph by Robert J Callahan, US ambassador to Nicaragua. When asked by the right wing ...
The sedan’s sales have been steadily declining this year as high interest rates kept customers away.
Auto maker Mahindra Renault Pvt. Ltd has scaled back production of Logan sedan by at least half, after sales sharply fell in the past months. The car maker will produce about 1,000 Logans at its Nashik plant in [...]
I am proud to announce that sales in the Ridgewood Office of Marron Gildea & Donohue Realtors have increased by 162% through October 23rd of this year.
During the same time period, all of our main competitors here in Ridgewood saw their sales decline significantly.
We have our Ridgewood real estate agents and our use of cutting edge technology
Munich Re Group posted a net income of €12 million (about Cdn$18 million) for 2008 Q3, a sharp decline from the 2007 Q3 profit of €1.2 billion (about Cdn$1.8 billion). The group reported a 66% decrease in investment income from...
According to the newspaper edition of the Nihonkeizaishibun on October 16, the fallout from the financial crises is continuing to spread. The housing market in Japan is facing hard times.
Real Japanese
国内住宅市場が一段と低迷し始めた。米国発の金融危機で世界的な株安が進んだ九月以降、消費者心理の後退や融資環境の悪化で売れ行きがさらに
If you are willing to buy, global stocks are on sale.
As one of the worst months in memory for world-wide shares drew to a close, stocks look like a bargain on a number of measures. That means investors expect a lot of bad news to come where company earnings are concerned. But it also could mean that there are few surprises left to shock investors
World-wide, stock valuations have fallen to a
French sales of cars and light trucks fell 6.2 percent last month as an economic slowdown and tighter financing hurt demand for models made by General Motors Corp., Daimler AG and Ford Motor Co.New vehicle registrations dropped to 216,139 in October from 230,315 a year earlier, the French carmakers' association said today in a statement. Sales for the first 10 months gained 2.4 percent to 2.15 mil
Two of the most closely watched barometers of U.S. home prices are the Office of Federal Housing Enterprise Oversight home-price index and the S&P/Case-Shiller home-price index. Read more about these indices at the Wall Street Journal Real Time Economics Blog:...
But declines happen. I’ve put together a list of the top reasons that applicants are denied coverage. We’ll start out with the first two which were covered in a post yesterday.
1. Your agent did a sloppy job. Sometimes agents slip into a habit of not wanting to ask the hard questions about your health. They [...]
As reported by Bloomberg - "U.K. House Prices Decline Most Since 1991, Nationwide Says":U.K. house prices dropped by the most in at least 17 years in October as banks tightened their grip on credit and the prospect of a recession deterred potential buyers, Nationwide Building Society said. The average cost of a home fell 14.6 percent from a year earlier to 158,872 pounds ($261,000), th
The Financial Times is reporting on a draft copy of the International Energy Agency and the news is long term bullish for oil.
Output from the world’s oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows.
Without extra investment to raise production, the natural annual rate of output decline [...]
DETROIT (Reuters) - Auto retailers swung to a quarterly loss in the third quarter, beaten down by the decline in U.S. car sales, tight consumer credit, and a weakening U.S. economy as well as hurricane-related damages.
AP - Blue Hawaiian Helicopters is laying off 20 employees from its tourism-related business, one result of the decline in Hawaii tourism.
Original post by AP
Despite the wide prognostications by economists on further sales declines of new homes, the Commerce Dept. showed an increase in sales activity during September 2008 as prices continued to fall back to 2004 levels. Still, because the sample size for this particular report is fairly small -- and audits less than 5% of permit reporting places throughout the U.S. -- we could see revisions to the dat
As consumers continue to migrate towards the Internet and away from newspapers, the industry is seeing even faster declines than anticipated. Throughout the U.S. weekly circulation has dropped by 4.6 percent over the last 12 months. As the economy continues to worsen consumers are looking at every way possible in order to cut back on their expenses.
The mighty U.S. arsenal of nuclear weapons, midwived by World War II and nurtured by the Cold War, is declining in power and purpose while the military's competence in handling the world's most dangerous arms has eroded. At the same time, international efforts to contain the spread of such weapons look ineffective.
Defense Secretary Robert Gates, for one, wants the next president to think about wh
Global Stocks Decline on Recession Concern; Euro, Oil Retreat
By Lynn Thomasson and Adam Haigh
Stocks fell around the world, the euro sank to a 20-month low against the dollar and oil retreated as the deepening economic slump sapped corporate profit.
Wachovia Corp., the bank being acquired by Wells Fargo & Co., decreased 3.3 percent after reporting a [...]
Regular aerobic exercise can not only stave off the decline in brain function that often comes with age, it can also help turn back the clock on brain aging, two experts in the field report, based on a critical review of published studies.
Age-related deterioration in the all-important white and gray matter in the brain makes [...]
Regular aerobic exercise can not only stave off the decline in brain function that often comes with age, it can also help turn back the clock on brain aging, two experts in the field report, based on a critical review of published studies.
Age-related deterioration in the all-important white and gray matter in the brain makes [...]
I've not been a big fan of the California Association of Realtors' (CAR) ability to forecast market trends over the past few years, mostly because they've been so off the mark. When the market changed on a dime from boom to bust -- something I'd predicted in early 2006 -- their economist, Leslie Appleton-Young, basically begged for more time to think of some new terms to describe what was happeni
Asian Money Rates Head for Weekly Decline on Bank Guarantees
By Candice Zachariahs and Garfield Reynolds
Asian money market rates fell, set for weekly declines, as governments pledged to shore up lenders and central banks pumped in billions of dollars to unclog a global financial gridlock.
Hong Kong’s three-month interbank offered rate for local dollar loans slid 0.15 [...]
Rob Butler blogs: Birdlife International's recently released report on the 'State of the World's Birds' indicated that many species of birds were declining on censuses around the world (www.birdlife.org). In North America, the declines were notably strong...(read more)
Mexico’s economy took a major hit Monday as the peso dropped 3.9 percent to 11.7115 per dollar, the largest decline since October 1997, according to Bloomberg.com. Bloomberg also reports that since reaching a six year high on August 4th, the peso has fallen 16%. One of the main causes of the decline is the government [...]
Last Friday on HBO's Real Time with Bill Maher, the round-table guests were actor Alec Baldwin (who astonishingly blamed Democrats as well as Republicans for our current economic crisis), reporter Christiane Amanpour, and comedian (and brilliant military strategist) Garry Shandling.
Direct-marketing business performance in the second quarter declined overall from the year-earlier quarter, despite growth in profitability, according to the Q2 Quarterly Business Review (QBR) issued by the Direct Marketing Association (DMA), reports Retailer Daily. The QBR Revenue Index vs. same quarter last year (SQLY) for Q2 was 47 - a one point decline from [...] Published by Origina
The likelihood of home prices in Portland being lower in two years is small- only 6.4%. That’s a figure much lower than most major U.S. cities, according to the PMI Mortgage Insurance Company.The company issued its Fall 2008 U.S. Market Risk Index on Wednesday showing that Portland’s risk actually improved from three months ago (In the Summer 2008 Index, Portland had a 8.7% likelihood of decl
The Case Shiller Home Price Index released it’s 4th quarter report yesterday showing a decline nationally of 16.3%. The Tampa area which represents all of central Florida for the index showed a year over year decline of 19.4% and none of the 20 metropolitan area tracked by the index showed any price gains. Las Vegas [...]
By LEIGH PHILLIPS:
The population of the European Union is avoiding decline mainly thanks to immigration from other parts of the world, as native Europeans have stopped making as many babies.
While anti-immigrant feeling is on the rise both amongst European politicians and the wider public, ironically, the union's population would soon go into decline without the immigrants that arrive here, a
In a report this week, conservationists in Nepal say efforts to save the nation’s dwindling tiger populations are facing a twin attack.
They have recorded a significant decrease in the number of the endangered species in some of the protected areas of the country.
The bad news comes just as concern is growing over the immigration of [...]
EUR/USD is down today on Forex after a big positive week-opening gap. The currency pair reached its 10-day high level during the early trading session but then declined below the Friday’s close level quite fast. Bad macroeconomic statistics from U.S. pushed EUR/USD up, but it still trading in the red zone — near 1.4187 level.NY Empire S
Dollar dropped its position against the euro today after the yesterday’s interest rate decision failed to support the U.S. currency for more than several hours. Poor housing reports showed another (unnecessary) sign of the ongoing recession in the United States. At this level interest rate don’t play the role they usually do. Traders try to look
ICV2 reports that comics sales continue to go down (via The Beat):
Sales of periodical comics by Diamond Comic Distributors declined again in August, the seventh consecutive month of declines. The 9% drop (based on sales to comic stores of the Top 300 comics) was the third largest drop since a two year climb in comic sales ended last September.
Although it was relatively easy to explain declines
On Wednesday’s I typically post local Housing Stats for Loudoun County. Since main stream media loves to play up bad news I think it is important to highlight that our local housing market is showing some great signs of strength and balance.
A few things to notice…..
Though there are less homes on the market every [...]
It's confirmed. The United States of America has suffered the largest home price decline in the western world over the last two years. The Economist provided a house price index which compared America's 15% house price drops (based on the S&P/Case-Shiller national index) to a number of other developed countries. This goes a long way to explaining the recent financial collapse and government ta
The Brussels Journal
From the desk of A. Millar on Mon, 2008-09-15
Before the terrorist attacks of September 11, 2001, few us knew anything about Islam, and no one had heard of sharia law. A couple of years ago even, it seemed unimaginable that Britain would adopt Islamic law.
We have sunk further and quicker than we thought possible. Today we learned that sharia courts (which have operated
In their golden years, men and women who remain free of dementia will nonetheless undergo an accelerated drop in key mental skills as much as 15 years before their death, a new study reveals.
Verbal ability, spatial reasoning and perceptual speed are the specific victims of this cognitive decline, which is not, the researchers stressed, a [...]
Foreclosures in the Los Angeles area dropped 18 percent in August, the second time in three months that foreclosure numbers in L.A. have declined after hitting record highs, according to Property Shark.No doubt, many in the real estate industry will use this information to predict that we are at or near the bottom of the market. And truthfully, there have been several other signs that a bottom may
Demand for staff last month fell at the fastest rate for almost seven years as the outlook for jobs continued to falter, according to a survey of recruitment companies. The study by the Recruitment and Employment Confederation (REC) and consultant KPMG reported that appointments of permanent staff had fallen at the fastest rate since November 2001. Billings for temporary staff had fallen for the f
PT Chevron Pacific Indonesia (CPI), already under government scrutiny for alleged violations of its cost recovery claims, has forecast that production from its concessions will decline due to aging fields and seasonal floods.
CPI Pres. Suwitom Anggoro, during a hearing with the House of Representatives’ budget committee, said the firm’s Duri and Minas concessions in Sumatra [...]
August was another tough month in the United States for Toyota Motor Corp. and the Detroit 3, while Nissan Motor Co. posted a solid gain.Altogether, the industry sold 1.25 million vehicles in the month, down 15.5 percent from August 2007. For the year to date, sales are down 11.2 percent to 9.8 million vehicles sold.Toyota's U.S. sales in August fell 9.4 percent to 211,533 vehicles. For the first
The U.S. automakers is still dependent on pickups and sport utility vehicles and likely gave up more of their home marker again as their shrinkage eclipsed that of Japan’s car focused Toyota Motor Corp. and Honda Motor Co.. General Motors Corp. and Chrysler LLC probably led a drop in U.S. auto sales last month [...]
Toyota Motor Corp., Japan's biggest carmaker, led the biggest monthly drop in domestic auto sales in almost ten years, as the country's unemployment rate remained near its highest level since 2006 and job prospects worsened.Sales of cars, trucks and buses, excluding minicars, fell 15 percent to 193,902 last month from a year earlier, the Japan Automobile Dealers Association said in a statement tod
With the Beijing 2008 Olympics over, increased attention has been given to the after-effects that the event will have on the Chinese economy and, in particular, on the rapidly growing manufacturing sector. While other host countries such as South Korea (Seoul), Spain (Barcelona) and Australia (Sydney) saw a slowdown in economic growth after hosting the [...]
Dell Inc reported that for its third physical quarter earnings fell 17 percent compared to the same period a year prior. The company announced nearly $16 billion in revenues; however, lower profit margins led by increased cost cutting measures severely hurt the company's earnings. Overall, Dell reported earnings of $616 million or 33 cents per share.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
New York - Officials said that America’s airline industry will suffer at least 6 percent drop in passengers at the eight-day Labor Day holiday as gas prices continues to soar. Though the fuel prices have decrease last week, still it is 79 percent higher than last year.
Airlines had been cutting routes and stuff just to [...]
I thought I would make this a public post, so that as we press forward here at A Newt One, everyone knows what we're up to and why I cannot be a part of everything I would like to be a part of.I have been invited to join up with the #dontgo team, and I am going to have to decline.One of the things my vast repertoire of talents gives me is too much to do. I love writing for this blog; I try to get
Aug. 18 (Bloomberg) — U.K. house prices posted the biggest annual decline since at least 2002 as banks choked off mortgage lending, deepening London’s property slump, Rightmove Plc said.
The average asking price for a home fell 4.8 percent in August from a year earlier to 229,816 pounds ($426,929), the biggest [...]
August 18, 2008 (Switzerland)The Rieter Group reported a considerably weaker trend of business in the first half of 2008 than in the very strong equivalent period of the previous year.The pronounced slowdown in the Asian textile machinery markets, the decline in vehicle production in North America and the massive increases in the cost of raw materials, energy and transportation had a negative impa
June 2008 saw another sharp drop in vehicle miles travelled (aka VMT) according to the Federal Highway Administration’s monthly report on “Traffic Volume Trends.” Americans drove 4.7 percent less, or 12.2 billion miles fewer, in June 2008 than June 2007 — beating the record-setting drop of March (see here). Since last November, Americans have driven 53.2 billion mile
June 2008 saw another sharp drop in vehicle miles travelled (aka VMT) according to the Federal Highway Administration’s monthly report on “Traffic Volume Trends.” Americans drove 4.7 percent less, or 12.2 billion miles fewer, in June 2008 than June 2007 — beating the record-setting drop of March (see here). Since last November, Americans have driven 53.2 billion mile
Commodity Online
NEW DELHI: Major domestic stainless steel manufactures are likely to reduce the alloy prices in the view of melting nickel prices in the global market.
“Since nickel is one of the key raw materials for making stainless steel, the impact on its prices certainly create a better variation in the stainless steel market prices,” said [...]
Roger Federer was knocked out of the Olympics Tennis tournament by James Blake. Well it is not surprising after the knockabout that Federer was given in the French Open and Wimbledon. He must be still reeling from the after affect of the two losses. This is looking more and more like to be a steady decline from his peak which means that he has already hit his peak.Meanwhile the Williams sister
Roger Federer was knocked out of the Olympics Tennis tournament by James Blake. Well it is not surprising after the knockabout that Federer was given...
I guess this might be old news to some, but like most news, I always find out late. This thing really gets me upset. What am I talking about? www.ashleymadison.com. That's what!Ashley Madison is an actress who started The Ashley Madison Agency. What does The Ashley Madison Agency do? Well, their slogan says it all - "Life is short. Have an affair." If you are married and live in the USA, Canada or
Gore Vidal - On the FutureMcCain, Stupidity, The Media Part 1McCain, Stupidity, The Media Part 2American War Crime Gulf WarEnd of US Democracy Part 1End of US Democracy Part 2
As a rule I do not make any posts during the week. Yet, today I witness interesting situation. S&P 500 advance decline oscillator and ratio were not as negative as it supposed to be during such index slide. The same was in the DOW sector.Very nice volume in the middle of today’s trading session and very nice recovery right after that…It was funny to read financial news today. Over the last
Via The New York Times:
The number of illegal immigrants in the [United States] has dropped by as much as 1.3 million in the past year, an 11 percent decline since a historic peak last August, an immigration research group in Washington said in a report released Wednesday. The report, by Steven A. Camarota and Karen Jensenius of the Center for Immigration Studies, found "strong indications" that
Can we tell employees that from 16 cannot be issued for whom tax has not been deducted at source, since they don't fall under Income tax bracket. Karnam Niranjan Prasad, BangloreConfusion arises among employees regarding Form 16 is on following grounds :That they think Form 16 is a salary certificate.That income tax Return can not be filed in absence of Form 16Both the aforesaid "general impressio
The latest research report from UK property company Knight Frank indicates that property prices in London are seeing a decline, having a 1.7% drop in June, which follows a 1.5% drop in May. Additionally, sales volumes have dropped by approximately 60% over the past year. While the overall market has fallen, prime properties are still relatively strong, and the demand for office space in the West E
IndyMac Bancorp was one of the largest mortgage lenders in the United States, was seized by banking regulators last week. IndyMac failure was attributed as a direct result of poor and lending practices that might have been prevented with stricter rules and regulations. Posted By Bruce A. Myers
Trade turned choppy with declines outnumbering advances, as the market reacted to Infosys Technologies results and higher inflation data. Industrial production data, also expected soon, is also keeping investors guessing. Meanwhile, crude is back on the trot, keeping markets across Asia under pressure. Traders were also seen going short on IT stocks after Infosys Technologies posted qua
The latest figures indicate that the are still major problems in the average finance loan market, although some sectors do seem to be turning around. Right now, it is very difficult to get a good rate on a finance loan and as a result, many people are deciding to wait for the market to improve [...]
“A spectre is haunting the Western world. The spectre of fear. Fear that the middle classes are losing out, and while their economies may still be growing, the rising tide no longer lifts the majority of boats.” - Jacon Funk Kirkegaard, Peterson Institute for International Economics
So begins the Economist magazine’s latest online debate on the [...]
