October 21, 2012 |
The nation's commercial real estate recovery will advance in 2013 with modest gains in leasing, rents, and sales prices, industry leaders said in a report. Recent job creation should be enough to increase absorption and push down vacancy rates in the office, industrial and retail sectors. Despite being on a slower-than-normal recovery track, U.S. property sectors and markets have “noticeably” better prospects compared with last year, the report said. Developers, architects, brokers, lenders and other commercial real estate professionals were surveyed for the annual Emerging Trends in Real Estate report released by the industry think tank Urban Land Institute and accounting firm PricewaterhouseCoopers.
April 19, 2012 |
Republican candidate Mitt Romney is fond of telling crowds that women have lost more jobs than men have under President Obama's economic watch. Is he correct? Kind of. But it's not like the Obama administration deliberately targeted women. Rather, women took an especially rough economic pounding because they play a disproportionately large role in our public schools. And public schools have suffered mightily in recent years. According to the National Women's Law Center, women lost 396,000 public sector jobs during the recovery, or more than two-thirds of all such jobs cut. The economy may now be on the mend, but it's not like the public sector is rushing to fill all those vacancies.
February 23, 2013 |
Redskins quarterback Robert Griffin III -- in a development that should shock nobody -- is well ahead of schedule for his recovery from knee surgery, Washington's team doctor told the NFL Network on Friday. Griffin, the league's offensive rookie of the year, underwent a reconstructive operation last month to repair the anterior cruciate and lateral collateral ligaments in his right knee. The typical recovery and rehabilitation time for a professional athlete is nine to 12 months.
June 3, 2013 |
WASHINGTON -- The Eurozone, stuck in its longest-ever recession, is headed for a "very gradual recovery" later this year driven by stimulative monetary policy and increased demand for exports, the head of the European Central Bank said Monday. Central bank President Mario Draghi defended the agency's unprecedented actions to boost economic growth, which have been criticized in Europe in the same way the Federal Reserve's aggressive steps have been in the U.S. "The economic situation in the euro area remains challenging but there are a few signs of a possible stabilization, and our baseline scenario continues to be one of a very gradual recovery starting in the latter part of this year," Draghi said in a speech at the International Monetary Conference in Shanghai.
June 4, 2012 |
There's been quite a bit of chatter this spring about a rebound in the manufacturing sector. Whether those predictions will hold up is looking less and less certain as new orders tumble. Demand for factory-made goods has fallen three of the past four months, sliding an unexpected 0.6%, or $2.9 billion, in April. The measure had tanked 2.1% in March, marking the first back-to-back declines in more than three years. Machinery orders plunged 2.9%; requests for cars, computers and electrical equipment also fell, according to the Commerce Department . Demand for non-durable goods - items designed to last less than three years - dipped 1.1%.
January 14, 2013 |
Kings defenseman Willie Mitchell suffered a setback during his recovery from knee surgery during the lockout, pushing too hard too soon, according to Kings General Manager Dean Lombardi. But the fact that Mitchell had knee surgery came as a surprise on Monday, the second day of the Kings' training camp. Kings Coach Darryl Sutter mentioned it, almost offhandedly, in the context of rehabilitation timetables. "Now with Mitchell, he had knee surgery," Sutter said. "He's way behind what he should have been.
CALIFORNIA | LOCAL
July 17, 2013 |
Continuing his whirlwind tour of Washington D.C., Assembly Speaker John Pérez (D-Los Angeles) is scheduled to meet Wednesday with Sens. Dianne Feinstein and Barbara Boxer. Pérez has already met with Obama administration officials, touting efforts by California to recover from the recession and implement Obamacare. He is also highlighting ways the federal government can help the Golden State financially. He had breakfast with Secretary of Homeland Security Grace Napolitano, the nominee to head the University of California system.
February 3, 2012 |
After stepping on his Florida victory with a series of statements that made him seem out of touch with average citizens, Mitt Romney emphasized at a small gathering of supporters in a frigid warehouse here that he is better suited than President Obama to empathize with struggling Americans. "I'll listen," Romney told a few dozen bundled-up employees of Western Nevada Supply, a building company here. "I will listen. I will listen to business people and to working people and to folks across the country to understand what's going on in their lives.
March 10, 2010 |
Improbable as it seems, the brightest spot so far in the nation's spotty economic recovery is a sector long considered all but dead -- good-old-fashioned manufacturing. Factories are churning. Exports are up. Even though jobs are the bleakest aspect of the overall economy these days, factory payrolls have turned positive. "We could have a renaissance here," said Ron Bloom, President Obama's manufacturing czar. "Indeed," Federal Reserve Chairman Ben S. Bernanke declared late last month, "manufacturing has been leading the recovery so far."
April 23, 2013 |
WASHINGTON -- The richest 7% of American families saw their average wealth soar 28% from 2009 to 2011, while the remaining 93% of households lost 4% of their net worth over that same period, according to a new report. The analysis of Census Bureau data by the Pew Research Center draws on the most recent statistics on wealth. The findings throw into stark relief the dramatically uneven nature of the recovery. The economy officially emerged from recession in 2009, and since then affluent families have benefited handsomely from recovering stock prices and surging gains in bonds.