Your daily Economy dose!
Based on an estimate from Autodata Corp, light vehicle sales were at a 11.21 million SAAR in April. This is up 21.8% from April 2009 (when sales were at the lowest level in 30 years), and down 4.6% from the March sales rate that was driven by incentives. Click on graph for larger image in new window.
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U.S. Light Vehicle Sales 11.2 Million SAAR in April
During April 2010, the United States Mint expanded the number of options available to precious metals investors. They continued to offer one ounce American Gold.
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April 2010 US Mint Bullion Sales: Gold Buffalo Sales Begin, Silver …
Richard X. Bove, the outspoken banking analyst at Rochdale Securities, said Goldman Sachs should oust its top executives because they failed to understand the politics of the financial crisis and mishandled regulators’ accusations of fraud against the firm.
For serious investors looking to purchase gold bullion , coins often yield higher returns than gold bars. The main reason is that gold bullion coins carry intrinsic value beyond their carat weight and gold content
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Buying Gold Bullion Coins as a Hedge Against the Economy …
This morning, I was contemplating whether to go downstairs and buy a cup of coffee for $1.25 from the coffee shop on the first floor, or whether to take a cup of free coffee from the kitchen on the 27th floor where I work.
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In which I blame the coffee manufacturer for making bad coffee
Dean Baker Truthout, May 3, 2010 See article on original website The financial reform bills being considered by Congress will lead to a better regulated financial system, most importantly by creating a consumer protection agency that will prevent some of the worst abuses of the last decade.
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Financial Reform: Will We Feel Better the Morning After?
CEPR co-Director Mark Weisbrot responds to questions from a Greek journalist about the agreement reached Sunday for a 100 billion euro loan package, between the Greek government and the European Commission, the European Central Bank, and the IMF: 1. Are these measures [the Sunday loan agreement] good to resolve the problem
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Will the New Austerity Plan for Greece Work?
Last week, I watched Michael Moore’s latest movie, Capitalism: A Love Story , with two of my students. I took notes and we stopped at various points to discuss it. Some highlights: 10:40: He has a segment about a firm in Florida called Condo Vultures, that goes in and buys properties that have fallen in value and then flips them for a higher price.
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Capitalism: A Confused Story
Here are graphs of office, mall and lodging investment through Q1 2010 based on the underlying detail data released by the BEA today … Click on graph for larger image in new window
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Q1: Office, Mall and Lodging Investment
This post is part of an occasional series on the Indian economy and appeared earlier in Business Standard. Shankar Acharya was chief economic adviser to the Indian government for eight years up to 2001. Tags: balance of payments, India …
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India: External deficit widens but the rupee appreciates sharply …
Of all the different ways that we choose to buy gold, gold bullion is probably the best of the lot. You can also buy gold online either in the form of gold coins or gold bars or even purchase your share from a pool of people purchasing …
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Gold Bullion – an Honest Way to Make Money « Shopping-Mall.net
Yes, there is an environmental disaster taking place in the Gulf of Mexico with the Deepwater Horizon oil rig explosion and spill. No, that should not mean the end of any future offshore drilling.
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Disaster? Yes; Stop Drilling? No
I have provided a balanced overview of the oil spill . I have tried to diffuse partisan comparisons of the oil spill with Hurricane Katrina. But I just read something which is making me lose my composure a tad.
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The Government Official In Charge of Responding to the Oil Spill Was the Official In Charge of Responding to Hurricane Katrina
The unemployment rate is soaring and the security of employment may not be as stable in the recent economy . Consumers are urged to create an additional fund source by saving equivalent to 6 months of cost of living costs to ensure their …
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The Best Sources For Seeking Independent Financial Advice | Money …
Click on the image above for full version Here are the latest headlines for April 2010 that caught my attention. HIGHLIGHTS First Canadian Place gets 72-storey facelift Almost 40 years after it was constructed, the 72-storey, 298-metre-high First Canadian Place office tower still retains its status as Canada’s largest office tower.
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Office Space and Commercial Real Estate News Toronto – May 2010
JPS Global Investments is a San Diego-based money management firm, offering both comprehensive asset management and focused Green Economy strategies.
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Eco Investor Guide | PRESS RELEASE: JPS Global Investments to host …
(Bloomberg) — Glencore International AG, the world’s largest commodity trader , is studying a merger with Xstrata Plc as a way of restructuring its ownership and improving access to capital, according to two people familiar with the …
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World's Largest Commodity Trader Glencore Said to Consider Xstrata …
Timmins Chamber wins Chair’s Award TORONTO: The Timmins Chamber of Commerce (TCC) has received a Chair’s award from the Ontario Chamber of Commerce (OCC) for its innovative Membership Kit. The almost paperless membership kit received …
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Timmins Chamber membership kit wins provincial recognition …
TORONTO: Joan Wideman, an active member of the Ajax-Pickering Board of Trade (APBOT), has been recognized by the Ontario Chamber of Commerce (OCC) for her long term volunteer commitment in the Ajax-Pickering community, and in particular …
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Wideman recognized by Ontario Chamber of Commerce for outstanding …
From MarketWatch: GM April U.S. sales up 6.4% to 183,997 vehicles and from GM: Chevrolet-Buick-GMC-Cadillac Sales Increase 20 Percent in April Note: GM discontinued several brands, so total vehicle sales were up 6.4%
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General Motors: Sales up 6.4% compared to April 2009
Those were the words of Zimbabwean Prime Minister Morgan Tsvangirai referring to a recent visit to Harare by Iranian President Mahmoud Ahmadinejad. The leader came to Zimbabwe last week to discuss trade and cooperation agreements with President Robert Mugabe, who himself has been a target of international sanctions and recently backed Iran’s nuclear ambitions as a “ just cause .” Despite being thousands of miles from each other, the two countries share similar political and economic challenges that can be addressed through similar approaches. In the wake of the unrest following presidential elections in each country, civil society has operated under tighter control with limited political space to promote constitutional reform and hold government accountable for achieving economic and social priorities
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“Inviting a Mosquito to Cure Malaria”
A requirement of the Companies act is that the accounts should follow generally accepted accounting practices (GAAP).The company’s retained accountant would either prepare the GAAP accounts or advise the directors in preparation of the …
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Common Professional Accountancy Services in the UK « Finance Company
Sixty-five percent of Americans support tougher financial regulation, according to a recent ABC News poll and a recent article by Jonathan Berry of Daily Finance, “Organized Labor Puts a Bull’s-Eye on Wall Street.”
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Two-Thirds of Americans Want Tougher Financial Regulation of Wall Street
During last week’s Annual Membership Meeting, the Maryland Chamber recognized outgoing members of its Board of Directors for their dedicated service to the Chamber. Outgoing board members include: Del Karfonta of The Columbia Bank Pam Klahr of the Howard County Chamber of Commerce David Libdan of Applied Resources & Knowledge, LLC Craig Muckle of Safeway Colleen Peterson of The Greater Cumberland Committee Judy Schaefer of ExpressConnect Conferencing, LLC Related posts: Local Reps Bring Statewide Reach to MD Chamber Board Chamber Board Elects Officers SMECO’s Slater to be Named Maryland Chamber Chairman
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Outgoing Board Members Recognized
Overall construction spending increased in March, with a boost from public spending, however private construction spending – both residential and non-residential – declined in March. From the Census Bureau: March 2010 Construction at $847.3 Billion Annual Rate The U.S. Census Bureau of the Department of Commerce announced today that construction spending during March 2010 was estimated at a seasonally adjusted annual rate of $847.3billion, 0.2 percent (±1.3%)* above the revised February estimate of $845.5 billion
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Private Construction Spending Declines in March