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Posts Tagged ‘Economy’

crisis looming

Posted by arnulfo on 2007/08/10

NEWS ALERT
from The Wall Street Journal

Aug. 10, 2007

The Federal Reserve, in a statement that underscores the deepening severity of developments in credit markets, said it is “providing liquidity to facilitate the orderly functioning of financial markets,” and will pump enough money into credit markets to keep the Fed’s target for the federal funds interest rate at 5.25%. U.S. federal-funds futures early Friday priced in about a 100% chance that the Federal Reserve will reduce its key lending rate by a half-percentage point to 4.75% by the next policy meeting on Sept. 18.

Full article:
http://online.wsj.com/article/SB118673195378094167.html?mod=djemalert

Read the Fed’s statement:
http://online.wsj.com/article/SB118675254324894252.html?mod=djemalert

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About one-quarter of America’s 577,000 bridges were rated deficient in 2004

Posted by arnulfo on 2007/08/07

Bridge collapse spotlights America’s deferred maintenance

By Ron Scherer | Staff writer of The Christian Science Monitor

Page 1 of 2

The tragic rush-hour collapse in Minneapolis of the I-35W Bridge over the Mississippi River is again forcing a reexamination of the nation’s approach to maintaining and inspecting critical infrastructure.

According to engineers, the nation is spending only about two-thirds as much as it should be to keep dams, levees, highways, and bridges safe. The situation is more urgent now because many such structures were designed 40 or 50 years ago, before Americans were driving weighty SUVs and truckers were lugging tandem loads.

It all adds up to a poor grade: The American Society of Civil Engineers gave the nation a D in 2005, the latest report available, after assessing 12 categories of infrastructure ranging from rails and roads to wastewater treatment and dams.

“One of America’s great assets is its infrastructure, but if you don’t invest it deteriorates,” says Patrick Natale, executive director of ASCE.

Among scores of recent examples:

•Last month, a 100-year-old steam pipe erupted in midtown Manhattan, killing one man and causing millions of dollars in lost business.

•The inadequacies of levees in New Orleans became horrifyingly clear in the aftermath of hurricane Katrina. The city is still recovering.

•In 2003, the Silver Lake Dam in Michigan failed, causing $100 million in damage.

America’s 577,000 bridges are of particular concern because they are subject to corrosion. According to the website of Nondestructive Testing (NDT), which advocates not damaging structures during testing, the average lifespan of a bridge is about 70 years. Bridges are inspected visually every two years. However, NDT notes, “it is not uncommon for a fisherman, canoeist, and other passerby to alert officials to major damage that may have occurred between inspections.”

In the federal government’s rating system, any bridge that scores less than 80 – on a scale of 1 to 100 – is in need of rehabilitation. A bridge scoring below 50 should undergo reconstruction under federal guidelines. In 2004, 26.7 percent of US bridges, urban and rural, were rated deficient, down from 27.5 percent in 2002, according to the US Department of Transportation (DOT).

Minnesota’s record is far better, with only 12.2 percent of its bridges falling into the deficient or obsolete categories.

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jobs down

Posted by arnulfo on 2007/08/03

U.S. employment growth slowed in July. The Labor Department said nonfarm payrolls increased by 92,000 last month, down from 126,000 in June, as job losses in manufacturing and construction offset gains in many services industries. The data suggest the economy started the third quarter on a softer note after robust growth in the second quarter. Wage gains remained largely contained. The unemployment rate rose to 4.6%.

FOR MORE INFORMATION, please see:
http://online.wsj.com/article/SB118614276507987248.html?mod=djemalert

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Small Finland can do

Posted by arnulfo on 2007/08/02

Nokia Corp.’s second-quarter net income more than doubled to 2.83 billion euros, beating analysts’ expectations, as the world’s largest mobile-phone maker took a 38% share of the global phone market. Handset shipments jumped 29% to 100.8 million. Shares rose sharply in European trading.

FOR MORE INFORMATION, please see: http://online.wsj.com/article/SB118354409527857284.html?mod=djemalert

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wetbacks bucks

Posted by arnulfo on 2007/08/02

Hispanic Ad Spending Still Climbing
Ad spending in Spanish-language media is growing twice as fast as the general market, a report says. But what about Hispanic Americans who visit English-language sites?
Full Article

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Gamblers paradise

Posted by arnulfo on 2007/08/01

GETTING TECHNICAL By MICHAEL KAHN Still Room for One More Rally Although the stock market is reeling, there is still room for one more rally before big problems take their toll. But don’t overstay your welcome.

http://online.barrons.com/article/SB118591826514983850.html?mod=djemBF

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DJ going down and economy indicators up

Posted by arnulfo on 2007/07/26

July 26, 2007

Ford swung to a $750 million net profit in the second quarter, as the No. 2 U.S. auto maker posted $600 million in cost savings. The company confirmed it is exploring a sale of its Jaguar and Land Rover businesses, and announced a strategic review for Volvo.

For more information, see: http://WSJ.com?mod=djemalert

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Setting up the sting

Posted by arnulfo on 2007/07/21

Looking for the Little Guy
The reluctance of retail investors to buy stocks as the Dow hits new highs suggests that the rally has further to run. Just be ready to grab your coat once Mom and Pop show up at the party. That’s a sure sign it’s time to go.

TO READ THE WHOLE STORY, see:
http://online.barrons.com/article/SB118472754966469985.html?mod=djem_bwr

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Market

Posted by arnulfo on 2007/07/20

Investors want a foot in the door of China’s $800 billion retail economy, and shoe companies are among the very few large listed entities that offer a chance to tap all that shopping.

http://online.wsj.com/article/0,,heard_on_the_street,00.html?mod=djemheard

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Speculation

Posted by arnulfo on 2007/07/19

GETTING TECHNICAL  By MICHAEL KAHN
Will the Market’s Breakout Stick?
Last week, the stock market punched through the top of its trading range to theoretically kick off a new leg higher. However, technical risk is also higher, a good plug for blue chips.

http://online.barrons.com/article/SB118470574055569332.html?mod=djemBF

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