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Sunday, March 3, 2013
Tuesday, February 26, 2013
Missouri unemployment worsens, but slows - Charlotte Business Journal:
hihozeima.blogspot.com
The state’s seasonally adjusted unemploymen rate increased to 9 percen tin May, up from 8.1 percenr in April, the departmengt reported Monday. April’s 0.6-point decrease in unemploymentg nowappears anomalous, with the May increase part of an upwarxd trend dating to mid-2008, state officials Approximately 272,000 Missourians were estimated to have been joblessd during the month of May. Nonfarm payroll employmenft decreasedby 3,700 jobs in May, markinb the smallest monthly decrease since employment began to drop sharpluy in November.
Job losses were concentrated in manufacturing andconstruction (1,600), whicj were partly offset by gains in healthu care and social assistance and local government (900). During the past employment droppedby 74,300 or 2.7 percent. The main exceptions to the downward tren in the past year have been private educationaoservices (2,500), health care and sociap assistance (6,000), federal government (2,700) and locap government (3,300). The national unemployment rate in Maywas 9.
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The state’s seasonally adjusted unemploymen rate increased to 9 percen tin May, up from 8.1 percenr in April, the departmengt reported Monday. April’s 0.6-point decrease in unemploymentg nowappears anomalous, with the May increase part of an upwarxd trend dating to mid-2008, state officials Approximately 272,000 Missourians were estimated to have been joblessd during the month of May. Nonfarm payroll employmenft decreasedby 3,700 jobs in May, markinb the smallest monthly decrease since employment began to drop sharpluy in November.
Job losses were concentrated in manufacturing andconstruction (1,600), whicj were partly offset by gains in healthu care and social assistance and local government (900). During the past employment droppedby 74,300 or 2.7 percent. The main exceptions to the downward tren in the past year have been private educationaoservices (2,500), health care and sociap assistance (6,000), federal government (2,700) and locap government (3,300). The national unemployment rate in Maywas 9.
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Thursday, February 21, 2013
Norman Frumkin, economist - Washington Post
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Norman Frumkin, economist Washington Post Mr. Frumkin began his federal career in 1961 as an economist with the Department of Commerce. He was later an economist with the National Planning Association and principal officer of Norman Frumkin Associates. He joined the Office of Management and ... |
Monday, February 11, 2013
Solar Leases Will Drive Solar Home Growth to $5.7B - Forbes
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Forbes | Solar Leases Will Drive Solar Home Growth to $5.7B Forbes California is the largest solar energy market and, unsurprisingly, it also is the first market for solar leases. That's mainly because the state has budgeted roughly $2.2 billion for rebates to support the installations of 1,940 megawatts of solar ... |
Tuesday, February 5, 2013
Survey: Americans lack financial cushion - The Business Journal of Milwaukee:
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If the answer is no, you are not alone. A new survety by finds that nearly one in four homeowneres do not have a financiapl cushion to fallback on. And that worrieas many people. Those who say anxiett over job stability was a top concern rose to 29 percent in the first quarter from 21 percengt since thefourth quarter. And while 60 percenrt of respondents want to increase theirr savings whilereducing debt, less than a quartedr have actually done so. Those who are trying to save are takinfgdrastic measures, the survey found. Since last one-third of homeowners said they have had family or friendw move inwith them, and 42 percent are spending less on theit children.
About two in five say they are budgetingf more or buying more of only what they while 30 percent say they are learninf how to better manage theif budgets ontheir own. Meanwhile, homeowners are waiting for the economh to improve to make amajof purchase: 30 percent say the firsty purchase they will make will be for home improvement; 18 percentt say they will buy an automobiler and 13 percent say they will take a vacation. Wella Fargo said the latest survey, conducted by Ipsoes Marketing, polled 1,565 homeowners Marcb 23-31.
If the answer is no, you are not alone. A new survety by finds that nearly one in four homeowneres do not have a financiapl cushion to fallback on. And that worrieas many people. Those who say anxiett over job stability was a top concern rose to 29 percent in the first quarter from 21 percengt since thefourth quarter. And while 60 percenrt of respondents want to increase theirr savings whilereducing debt, less than a quartedr have actually done so. Those who are trying to save are takinfgdrastic measures, the survey found. Since last one-third of homeowners said they have had family or friendw move inwith them, and 42 percent are spending less on theit children.
About two in five say they are budgetingf more or buying more of only what they while 30 percent say they are learninf how to better manage theif budgets ontheir own. Meanwhile, homeowners are waiting for the economh to improve to make amajof purchase: 30 percent say the firsty purchase they will make will be for home improvement; 18 percentt say they will buy an automobiler and 13 percent say they will take a vacation. Wella Fargo said the latest survey, conducted by Ipsoes Marketing, polled 1,565 homeowners Marcb 23-31.
Thursday, January 31, 2013
bizjournals: Methodology
aaekipolo.blogspot.com
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Saturday, January 26, 2013
Guaranty Bank: FDIC assistance needed for survival - Dallas Business Journal:
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Guaranty’s parent company, , stated that it is in discussions with the FDIC and itsprimarty regulator, the , for a plan where the FDIC would absorb a portion of the bank’s losses whild private investors provide a “significany equity capital infusion.” Guaranty’s largest shareholders are Dallas billionaire Rober Rowling and activist investor Carl Icahn, who control 20% and just more than 17% of the bank'sz common stock, respectively. Guaranty is the fourth-largest independent banking institutionh basedin Texas. It has 162 offices in Texazs and Californiaand $11.6 billion in deposits, accordingh to the latest data available.
"Guaranty Bank continues to work closelyu with its regulators to find away forward," said bank spokesmajn John Wessman in a written "We believe strongly that open bank assistance is in the best interesgt of our depositors, and that it meets the standard of beinf the least costly alternative for governmenty regulators.” Bank representatives declined to comment further. It'x not clear when the regulators will respondx or reactto Guaranty' s proposal. At $14.4 billioj in assets, Guaranty Bank is biggetr than the largest bank that has faileed so farthis year, a distinction now held by FSB of Corapl Gables, Fla. The bank had $12.
8 billion in assets when it according tothe FDIC. The bulk of BankUnited’s good assetsw were sold in May to a privated equity investment group ledby W.L. Ross Co. and . Before that, BankUnited had proposed an open assistance plan to but word of thatplan didn’t become publif until after BankUnited failed. In laying out its options before shareholders and the publixc in a Securities and ExchangeCommissiomn filing, Guaranty’s executives are showing what they’rwe doing to keep the bank afloat, said Dan Bass, a bankinbg analyst with “They’re putting all their cards on the table,” he Guaranty is suggesting a rare option — one the FDIC would only use if it’d the least costly way for the FDIC’z deposit insurance fund to resolve Guaranty’s issues, accordingy to the bank.
Guaranty is officiallgy based in Austin, but President Kevim Hanigan, CFO Ronald Murffc and Treasurer Stephen Raffaele work from its Dallaxs business banking office inPreston Center. More than bad loans, Guarantu invested heavily in mortgage-backed securities, whichg today are worth much less than what the bank IfGuaranty doesn’t receiver FDIC assistance, it will have to mark down the valuwe of its securities portfolio and relatee items by more than $1.7 the bank said in its regulatory filing. That would give the company a $2.2 billion annuall loss in 2008 and less capitaol than it needs to continue in In early April regulators ordered Guaranty to raisd additional capital byMay 21.
That deadline has passed. For 21 Guaranty was been a subsidiaryof , a maker of cardboare boxes and timber building supplies. Guarantu was spun out of Temple-Inland at the urging of Temple-Inland (NYSE: TIN) completed the spinoff on Dec. 28, 2007, just as the excessed of the residential mortgage lending bubblebecamre apparent. Guaranty invested heavily in securities backed by mortgages madein California. It has not reportef a quarterly profit since it becamea stand-alon institution. Since its spinout from Temple Icahn and Rowling have investedd heavilyin Guaranty. In the duo invested an additionak $600 million in Guaranty. They control 37 percent of Guarantt stock.
Guaranty’s parent company, , stated that it is in discussions with the FDIC and itsprimarty regulator, the , for a plan where the FDIC would absorb a portion of the bank’s losses whild private investors provide a “significany equity capital infusion.” Guaranty’s largest shareholders are Dallas billionaire Rober Rowling and activist investor Carl Icahn, who control 20% and just more than 17% of the bank'sz common stock, respectively. Guaranty is the fourth-largest independent banking institutionh basedin Texas. It has 162 offices in Texazs and Californiaand $11.6 billion in deposits, accordingh to the latest data available.
"Guaranty Bank continues to work closelyu with its regulators to find away forward," said bank spokesmajn John Wessman in a written "We believe strongly that open bank assistance is in the best interesgt of our depositors, and that it meets the standard of beinf the least costly alternative for governmenty regulators.” Bank representatives declined to comment further. It'x not clear when the regulators will respondx or reactto Guaranty' s proposal. At $14.4 billioj in assets, Guaranty Bank is biggetr than the largest bank that has faileed so farthis year, a distinction now held by FSB of Corapl Gables, Fla. The bank had $12.
8 billion in assets when it according tothe FDIC. The bulk of BankUnited’s good assetsw were sold in May to a privated equity investment group ledby W.L. Ross Co. and . Before that, BankUnited had proposed an open assistance plan to but word of thatplan didn’t become publif until after BankUnited failed. In laying out its options before shareholders and the publixc in a Securities and ExchangeCommissiomn filing, Guaranty’s executives are showing what they’rwe doing to keep the bank afloat, said Dan Bass, a bankinbg analyst with “They’re putting all their cards on the table,” he Guaranty is suggesting a rare option — one the FDIC would only use if it’d the least costly way for the FDIC’z deposit insurance fund to resolve Guaranty’s issues, accordingy to the bank.
Guaranty is officiallgy based in Austin, but President Kevim Hanigan, CFO Ronald Murffc and Treasurer Stephen Raffaele work from its Dallaxs business banking office inPreston Center. More than bad loans, Guarantu invested heavily in mortgage-backed securities, whichg today are worth much less than what the bank IfGuaranty doesn’t receiver FDIC assistance, it will have to mark down the valuwe of its securities portfolio and relatee items by more than $1.7 the bank said in its regulatory filing. That would give the company a $2.2 billion annuall loss in 2008 and less capitaol than it needs to continue in In early April regulators ordered Guaranty to raisd additional capital byMay 21.
That deadline has passed. For 21 Guaranty was been a subsidiaryof , a maker of cardboare boxes and timber building supplies. Guarantu was spun out of Temple-Inland at the urging of Temple-Inland (NYSE: TIN) completed the spinoff on Dec. 28, 2007, just as the excessed of the residential mortgage lending bubblebecamre apparent. Guaranty invested heavily in securities backed by mortgages madein California. It has not reportef a quarterly profit since it becamea stand-alon institution. Since its spinout from Temple Icahn and Rowling have investedd heavilyin Guaranty. In the duo invested an additionak $600 million in Guaranty. They control 37 percent of Guarantt stock.
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