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Economists: Mich. will keep losing jobs in 2010

Michigan's economy will improve in 2010, but only in comparison to what has been "one of the most brutal years in a generation," University of Michigan economists said Friday.

Wash. budget gap zooms to $2.6B through mid-2011

Tax increases probably can't be avoided as Washington state tries to patch a budget deficit that's ballooned to about $2.6 billion, top Democratic lawmakers said Thursday.

WVU forecast calls for employment rebound in 2010

The state economy should begin producing more jobs than it loses around the middle of 2010, West Virginia University predicted in its annual economic outlook Wednesday.

ShopperTrak forecasts slight holiday sales rise

ShopperTrak, a retail research firm, predicted Tuesday that total holiday sales will rise 1.6 percent compared with a year ago, which would be good news for retailers compared with last year's steep decline.

Forecast: US orange crop to be down 10 percent

This season's U.S. orange crop is expected to be 10 percent smaller than last season's yield, agriculture officials said Friday, though consumers likely won't have to pay more for their orange juice.

Study: Global prescription drug sales growth slows

Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least a decade, according to a forecast to be released Thursday.

Airbus sees signs of recovery after rocky spell

Airbus' chief salesman John Leahy said Thursday he is optimistic that the airline industry is recovering — although he warned that financing conditions remain tight.

UCLA forecast: Calif. economy slow through 2010

A UCLA forecast says California will continue to struggle with recession next year even though its high-tech industries will rebound.

Health care claim costs expected to rise 10.5 pct

Costs for employer-provided health plans are expected to rise more than 10 percent within the next 12 months, a jump workers may feel in their paychecks or through changes to their insurance coverage.

Global ad spend still to fall, signs of bottoming

A key advertising forecaster said Monday that global ad spending shows signs of reaching bottom as some sectors held up better than expected during the second quarter.

Gartner predicts PC shipment growth in 4Q

Gartner Inc. analysts are predicting this holiday season will be sweeter than last year's for the PC industry.

Trade group cuts mortgage volume forecast for 2009

A key industry group on Monday slashed its estimate for mortgage volume by 27 percent because of higher interest rates and the slow start to the government's refinance program.

Boeing cuts 20-year forecast for plane market

Aerospace giant Boeing Co. has lowered its 20-year forecast for the commercial airplane market, citing the global recession, declining air traffic and unpredictable fuel prices.

Odds of energy price spike from hurricanes fades

The chance of a severe 2009 hurricane season continues to fade, according to the most recent forecasts, a potential break from recent years when violent storms smashed in the Gulf Coast and sent energy prices spiking.

UN predicts 2009 economic decline of 2.6 percent

The United Nations predicted Wednesday that the global economy will shrink 2.6 percent this year as a result of the world financial crisis — a considerably deeper downturn than the 0.5 percent contraction forecast in January.

Gov't: Carbon pollution to grow by 40 percent.

WASHINGTON (AP — The amount of heat-trapping carbon dioxide seeping into the atmosphere will increase by nearly 40 percent worldwide by 2030 if ways are not found to require mandatory emission reductions, a government report said Wednesday.

Gov't: Carbon pollution to grow by 40 percent.

WASHINGTON (AP — A government forecast says that without mandatory limits on greenhouse gases, the amount of heat-trapping carbon dioxide flowing into the atmosphere will increase by nearly 40 percent by 2030.

US winter wheat forecast down about 20 percent

The nation's farmers are expected to harvest about 20 percent less winter wheat this season, in part because of fewer planted acres and exacerbated by floods and other weather conditions, the Kansas Agricultural Statistics Service said.

IMF chief: global economy's freefall may be ending

The global economic meltdown may be starting to wind down, and recovery could emerge in 2010 if countries act together and immediately adopt policies aimed at ending the recession, the head of the International Monetary Fund said Thursday.

Hurricane forecaster predicts average '09 season

The 2009 hurricane season will be less active than last year's flurry of storms, and there's less than a 50 percent chance that a hurricane will hit the southeastern U.S., a researcher said Thursday.

Forecast: Calif. jobless rate to near 12 percent

California's jobless rate will climb to a staggering 11.9 percent between April and June next year, and double-digit unemployment will linger in the nation's most populous state at least through 2011, according to a new economic forecast.

Adobe to miss 1Q revenue target

Adobe Systems Inc. late Wednesday warned that first-quarter revenue won't meet analysts' estimates amid a business downturn, but said earnings will still meet forecasts.

S&P sees 13.3 pct drop in 2009 dividend payments

Dividend payments from America's largest companies are expected to fall 13.3 percent this year, the steepest drop since 1942, Standard & Poor's predicted Friday.

GM basing plans on lower US sales outlook of 10.5M

General Motors Corp. said Thursday that it's basing its turnaround plan on the assumption that the auto industry will sell 10.5 million cars and trucks in the U.S. this year, a 1.5 million drop from the expectation it shared with Congress last month.

US could oust Italy as world's No. 1 wine drinker

The world just can't get enough wine.

The Vine
Sony stays in the red, trims annual loss forecast
Source: Yahoo! News

Sony reported a smaller-than-expected 26.3 billion yen ($289 million) quarterly loss as cost cuts combined with healthy sales of PlayStation 3 game consoles and Michael Jackson hits helped it inch toward recovery.

Economic clarity eludes Colo. leaders - The Denver Post
Source: The Denver Post

Colorado's revenues are plummeting. All the economists agree on that — but when it comes to figuring out by how much, they part company.

Woman Ordered to Stop Harassing Weatherman Over 'Faulty' Forecasts
Source: ktla.com

A local college professor has been ordered to stop harassing a Los Angeles weatherman or face six months in jail.

Dual Polarity Radar to be "On the Air in September" 2009 at WKYT: Kentucky's Most Powerful, Advanced Doppler Radar
Source: WKYT - Home - Headlines

When it goes on the air in September, WKYT's new "First Alert Defender" dual polarity radar will be the most technologically advanced and three times more powerful than any other live Doppler radar scanning the skies over central and eastern Kentucky.

Bill could be major hurricane; Claudette soaks part of Southeast - CNN.com
Source: CNN

MIAMI, Florida (CNN) -- Hurricane Bill was churning in the Atlantic Ocean early Monday evening with winds of 90 mph (145 kph), and forecasters said the storm -- still far from any shore -- could become a major hurricane by Wednesday.

Rare Condition Caused Flood in Louisville, Kentucky August 4, 2009
Source: The Louisville Courier-Journal

"National Weather Service meteorologists say they couldn't have predicted the extremely rare circumstances that" led to flooding in Louisville, Kentucky on August 4, 2009.

ibj.com Indianapolis Business Journal Budget forecasts �not for the timid�
Source: cms.ibj.com

Other states are experiencing similar pain, said Stacey Mazer, senior staff associate at the Washington, D.C.-based National Association of State Budget Officers.

The U.S. Financial System Is Effectively Insolvent
Source: Forbes

Nouriel Roubini (Dr. Doom) writes: There is a grave risk of a global L-shaped depression.

Lance (Archway) ready to add workers/Company official has positive news
Source: Times-Gazette

Lance Inc. will hire the second round of former Archway workers by the end of the month, according to Terry Helms, senior director of bakery services of Lance -- with plans to be a full production at the end of the year.

Tiger: Nebraska To See 6 More Weeks Of Winter
Source: ketv.com

- It appears Omaha will see six more weeks of winter weather, if a rare Siberian tiger's hunger has anything to do with the issue.

Man Drives 700 Miles To Bring Snow To Gwinnett Grandkids
Source: wsbtv.com

An Indiana man filled his pickup truck with snow and drove more than 700 miles to metro Atlanta just so his grandchildren could make a snowman.

GDP forecast cut by 3 pts
Source: Straits Times Interactive - SINGAPORE

SINGAPORE, which is facing its 'sharpest, deepest and most protracted recession' from the fast-deteriorating global economy, further revised its GDP growth forecast on Wednesday to between -5 per cent and -2 per cent this year.

A winters Diary

Tis the season ad the perfect time considering all craziness in the world of late to share a laugh! DIARY OF THIS WINTER!!!!!!!!!

The Obama Inauguration Chart
Source: Blogspot

The day that has seemed inevitable since summer is finally upon us. President-elect Barack Obama will take the oath of office on January 20 as prescribed in the Constitution.

Finance professionals about possibility of coming credit card debacle
Source: allied{content}

I proposed the question "What is your opinion on possibility of coming credit card debacle?" to finance professionals in the LinkedIn network. The feedback shows strong interest to the issue in different countries.

Google Is Far From Safe
Source: industry.bnet.com

When it comes to this mobile ad market, Microsoft actually enjoys a number of advantages over Google: :: Being a distant third in online search is actually a benefit, because any increase starts looking like a big improvement and helps capture momentum.

Milky Way and Andromeda will collide sooner than expected
Source: Telegraph

The Milky Way and the Andromeda galaxies are on a collision course and will hit one another earlier than scientists had previously predicted.

Singapore lowers economic growth forecast to -2.0%
Source: Channel NewsAsia Singapore

The Singapore economy is expected to grow between -2.0 per cent and 1.0 per cent in 2009. The forecast by the Trade and Industry Ministry (MTI) is lower than the -1.0 per cent to 2.0 per cent range forecast in November 2008.

Milky Way Astrology Looks at The Year 2009 in Short; Plus a Brief Snapshot of New Year's for the Signs
Source: blogspot

Pluto is moving into Capricorn for good in 2009. That means the end of all the Sag high-flyer bloodletting and we can try to mop up the mess they left behind. But wait, what is Pluto going to do next? I'm afraid we have not seen the last of the corporate scandals.

US economic forecast: four "worst-case" scenarios
Source: Politico

Professional pessimist James Rickards outlines four scenarios in which the recession could become another Great Depression, or worse. Pick your poison: Bait effect. China syndrome. Existential crash. Alternate dollar.

Can Harley-Davidson survive the downturn?
Source: MSN

America has a strong -- and growing -- used motorcycle market. Add a plunging economy to that, and the road is getting a little rough for Harley-Davidson these days.

Forecast: Retail Spending Down - Bible Sales Up
Source: www.DeMossNewsPond.com

Not surprisingly, retail spending fell last month-the largest decline in three years. No one knows when the economic situation will turn but a new trend in consumer spending is emerging: products that hold answers to what the future holds.

HuffPollstrology: Candidates' Horoscopes, Polls, More For Oct. 20
Source: The Huffington Post

With both candidates experiencing a hit from the edge of Mars, it should be an interesting couple of days. The 22nd marks the culmination of the pattern. For both, an increase in testiness, assertiveness and direct assault fits the pattern.

Hurricane Forecasters Stick to Busy 2008 Prediction
Source: National Geographic

The CSU team today released an updated forecast that predicts eight hurricanes—four of them with winds exceeding 110 miles (177 kilometers) an hour—will form before the season ends November 30.

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