Archives for September 2009
The U.S. economy in the second quarter contracted at slower pace earlier estimated by the Department of Commerce.
The Commerce Department today released its final estimated for the second quarter which showed gross domestic product fell at a 0.7 percent annual rate instead of the 1.0 percent decline reported last month. Improved consumer and business spending [...]
Sep. 29, 2009
Copyright © Las Vegas Review-Journal
Deadline nears for mortgage modification consultants to get license
JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL
Nevada’s emerging home mortgage modification industry is running into a big hurdle just as it starts to operate under a new law.
A new state law requires home loan modification and foreclosure consultants to obtain licenses from the [...]
The Conference Board Consumer Confidence Index, which had improved in August, dipped in September. The Index now stands at 53.1 (1985=100), down from 54.5 in August. The Present Situation Index decreased to 22.7 from 25.4. The Expectations Index declined to 73.3 from 73.8 last month.
Consumers’ assessment of current conditions was less favorable in September. Those [...]
New U.S. home sales posted a tepid 0.7 percent increase last month, again missing Wall Street expectations and providing more evidence that the housing market recovery remains tentative.
The Commerce Department says sales inched up to a seasonally adjusted annual rate of 429,000 from a downwardly revised 426,000 in July.
While it was the fifth straight increase [...]
The Nevada State Department of Taxation reported that statewide taxable sales for July 2009 were $3,075,334,130 down 18.8 percent from a year ago. The report said that 15 of Nevada’s 17 counties recorded decreases in taxable sales for July 2009 compared to July 2008. Only Churchill and Humboldt Counties recorded positive taxable sales for the period. [...]
Durable goods orders drop 2.4 percent in Aug
New orders for long-lasting U.S. durable (manufactured) goods, a leading indicator, fell in August, dropping by their biggest margin in seven months, following a plunge in commercial aircraft orders, the government reported on Friday.
The Commerce Department reported that durable goods orders tumbled 2.4 percent, the largest decline since [...]
Existing-home sales in August gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – declined 2.7 percent to a seasonally adjusted annual rate1 of 5.10 million units in August from a pace of 5.24 million [...]
Chairman Frank, Ranking Member Bachus, members of the House Financial Services Committee, I am pleased to be back before you today as our Administration and this Congress work toward comprehensive reform of our financial regulatory system.
The Chairman has set an ambitious schedule of hearings that will lead to your markup of legislation and facilitate enactment [...]
Employers took 2,690 mass layoff actions in August that resulted in the separation of 259,307 workers,seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month,the U.S. Bureau of Labor Statistics reported today.
Each action involved at least 50 persons from a single employer. The number of mass layoff events in August increased [...]
“All politics is local,” Thomas “Tip” O’Neill, the longtime Speaker of the House in the U.S. Congress.
How well is a company served in public relations when an account manager is not local and perhaps thousands of miles or more away? Rarely do non-local public relations firms have the knowledge of, or relationships with decision makers [...]