Articles Tagged with ''International economics''

The argument to repatriate US jobs

The economy is down and out, making it difficult for businesses to sell products to cash-strapped, angst-ridden Americans. In turn, those Americans lucky enough to be gainfully employed can't buy new homes, despite historic low prices and rates. It is only a matter of time before the focus re-returns to offshoring as part of the bigger picture as to why domestic employment levels disappoint.
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No Backstop, No Immediate Answers for Sovereign Debt Woes

Editor's Note: On Monday, Paul Jackson, the publisher of HousingWire, postulated the market sentiment that we are all in this mess together. Two days ago, in one of his rare appearances in front of the press, Bank of England Governor Mervyn King spoke frankly to reporters over the results of his Quarterly Inflation Report.
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Home Values: Relief for Some, Havoc to Others

As home prices continue to fall across much of the nation, those states that experienced the highest rates of home depreciation over the past three years are finally experiencing a slow down in devaluation, according to data released today by First American CoreLogic. Nevada and California remain the top ranked states for annual prices dropsin March, down 25.9% and 24.9%, respectively; however, California's decline is the smallest since March 2008 and Nevada's drop is the smallest in six months.
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Geithner Urges $500 Billion Global IMF Contribution

U.S. Treasury Department secretary Tim Geithner called on global finance leaders to increase their contribution to the International Monetary Fund (IMF) by up to $500 billion in a move for global stimulus support that surprised few. His statements, released Wednesday before the G-20 meeting of finance ministers in London, urged a worldwide effort in concert with recent actions geared toward stabilizing the U.S. financial system.
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First Am Moves Closer to Spinoff

The First American Corporation [stock FAF][/stock] on Monday morning unveiled a corporate realignment of its key outsourcing and information services business, as the title insurance conglomerate moved closer to spinning its non-title businesses off into a separate publicly-traded entity.
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Mortgage Losses to Top $1.4 Trillion: IMF

Signaling a worsening financial and mortgage-led crisis, economists with the International Monetary Fund said Tuesday they now expect mortgage-related losses substantially above the $945 billion estimated in April. In the IMF's latest Global Financial Stability Report, officials said they now foresee losses as large as $1.4 trillion.
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