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Christmas Comes Early For The Plaza At Preston Center

8 hours ago ago from Park Cities People Blog

The Plaza at Preston Center announced today that it recently signed two new leases, bringing the center’s occupancy rate to 95 percent. The new occupants are women’s boutique Pome, which opened this month, and jewelry hub Matthew Trent, which is set to open in the next few weeks. With the economy in such a slump, that kind of occupancy number is pretty impressive. According to this report in the Dallas Business Journal, the overall retail ...

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Bollard May Raise N.Z. Rate in March, Economists Say

22 hours ago ago from Finance counsels

New Zealand’s central bank may raise its benchmark interest rate as early as March as a surging housing market stokes consumer spending and fans inflation, according to economists and traders. Reserve Bank Governor Alan Bollard yesterday said he may raise the official cash rate from a record-low 2.5 percent “around the middle of 2010” if the economy recovers as he forecasts. In October, he said rates would be on hold until the second ...

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Positive Economic News as Foreclosure Rates Fall

15 hours ago ago from California Newswire

NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) The end of the recession may be in sight as foreclosure rates were down again in many states in November compared with October while foreclosure prices were up. Comparing rates and sale price figures from ForeclosureListings.com offers a positive economic snapshot of the current housing market. For buyers who have been waiting and watching the market, now is a good time to buy. Here are results from ...

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GOP is banking on economy staying bad

2 hours ago ago from Democrats of Senate District 24 - Moving Texas Forward

Bob Ray Sanders | The Fort Worth Star-Telegram Republicans in Congress remind me of a bunch of 2-year-olds because it seems the only word they know how to say is, Bailout of the giant troubled financial institutions? Aid for America's ailing auto industry? A stimulus package to help states, local governments, educational institutions and private industry put people back to work? Health care reform? No! No! No! No! ...

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Yen Favored for Carry Trades as Japan Faces Deflation (Update1)

19 hours ago ago from My-Zue

By Oliver Biggadike and Theresa Barraclough Dec. 14 (Bloomberg) -- The yen is poised to replace the dollar as the top funding currency for investments in cities from Sydney to Sao Paulo after borrowing from Japan became almost as cheap as U.S. loans for the first time in four months. Rates on 90-day yen loans between banks have fallen the most in 13 years amid record deflation that prompted the Bank of Japan to ...

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Oregon jobless rate nearly unchanged for November

6 hours ago ago from U.S. News

Oregon jobless rate nearly unchanged for November PORTLAND, Ore. (AP) -- Oregon's unemployment rate barely budged in November as the state headed for the end of 2009 with hopes for a recovery but some job losses in key industries. The jobless rate was 11.1 percent, nearly unchanged from a revised figure of 11.2 percent for October and 11.3 percent in September. The three months mark the lowest unemployment rates since reaching 10.7 ...

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Study sees turnaround for D.C. area retailers

1 day ago ago from Washington Post - Business

While steady expansion of the federal government has shielded metropolitan Washington from the soaring unemployment rates seen elsewhere, troubles among the region's retailers are mirroring national losses in that sector with steep job cuts and a sales decline projected to reach 7 percent this year, a new study says. Nevertheless, according to the 2009 Retail Outlook released last week by the consulting firm Delta Associates, the area's ...

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Interest Rates Are Low, but Banks Balk at Refinancing

10 hours ago ago from The New York Times

Mortgage rates in the United States have dropped to their lowest levels since the 1940s, thanks to a trillion-dollar intervention by the federal government. Yet the banks that once handed out home loans freely are imposing such stringent requirements that many homeowners who might want to refinance are effectively locked out. Multimedia The scarcity of credit not only hurts homeowners but also has broad ...

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