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THE ECONOMY.(TO THE POINT)
Dot-com job cuts plunge in Sept.
Dot-com job cut announcements fell 39% to 2,986 from August, says outplacement firm Challenger, Gray & Christmas. They slid 37% from a year ago. It's also the lowest since July 2000, when dot-com layoffs really started to take off. More than 132,000 dot-com jobs have been cut since Challenger started tracking in Dec. 1999.
Construction down hard in Aug.
Spending fell 1.1% from July to an annual rate of $845.5 bil. That's the biggest fall since a 1.3% loss in July '00. Residential construction slid 0.4% to a rate of $387.3 bil. Year over year, construction spending rose 5.2%.
O'Neill likely to call for stimulus
An aide to Treasury Secretary Paul O'Neill says he's expected to tell Congress Wednesday the U.S. can still avoid recession with appropriate steps to boost growth. But he's expected to agree that GDP fell in Q3. No time frame on a stimulus package was given.
Further EMU rate cuts uncertain
- The Excessively Cautious Bank; European interest rates.(Europe's cautious...
- Magazine article from: The Economist (US) October 4, 2003 700+ words
...monetary-policy meeting as the president of the European Central Bank (ECB) this week, before he hands over to Jean...performance. But it would be wrong to conclude that a central bank's monetary policy is only as good as its boss...
- Making a point; European Central Bank.(The European Central Bank)
- Magazine article from: The Economist (US) May 7, 2005 700+ words
...area, Jean-Claude Trichet, president of the European Central Bank, is in no mood to cut interest rates. Why? EVERY...euro area hold their monthly meeting not at the European Central Bank (ECB) in Frankfurt, but somewhere else in the...
- Defended; The European Central Bank.(The European Central Bank and monetary...
- Magazine article from: The Economist (US) April 27, 2002 700+ words
...by slashing interest rates. By contrast, the European Central Bank dithered, cutting rates by too little, too late...policy to play a bigger role. * "Monitoring the European Central Bank 4: Surviving the Slowdown", by David Begg, Fabio...
- Faites vos jeux; The European Central Bank.(The European Central bank needs a...
- Magazine article from: The Economist (US) January 26, 2002 700+ words
Look what I wrote, Christian In search of a new vice-president A ROUTINE letter, says the European Central Bank. Maybe, say those who watch the ECB. But a reminder, still, about the fun in the next few months, with luck at the expense...
- Monetary policy: Euros Look for Low Rates: Continental economists yearn for...
- Magazine article from: US Banker November 1, 2002 700+ words
The European Central Bank is expected to cut interest rates by the end of the year to help bolster the Continent's ailing economies, which is particularly...
- EUR/USD: Trading the European Central Bank Interest Rate Decision.
- News wire article from: Mena Report September 2, 2009 700+ words
Summary: The European Central Bank is widely expected to hold...Trichet anticipates... The European Central Bank is widely expected to hold...months. Trading the News: European Central Bank Interest Rate Decision What...
- CalPERS.(Hirings)(University of Colorado Foundation hires Convexity Capital...
- Magazine article from: Pensions & Investments March 20, 2006 700+ words
...spokesman. Funding will come from a rebalancing of the foundation's $800 million in assets. European Central Bank FRANKFURT - The European Central Bank hired Irish Life Investment Managers to passively manage the entire e170 million ($293 million...
- Euro notes.(includes related article on key officials of European Central...
- Magazine article from: Europe Barber, Lionel February 1, 1999 700+ words
...independent professionals running the European Central Bank (ECB) in Frankfurt. To a...to demonstrate that the new central bank is accountable and that it...ARTICLE: Who's Who in the European Central Bank Wim Frederik Duisenberg, President...
