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| Slower decline of prices for homes brings hope
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| Slower decline of prices for homes brings hope
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| @ Sarasota Herald Tribune | Posted: 04/29/09 at 0201 EDST
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| The Pace of the Decline in Residential Real Estate Prices Slowed in February According to the S&P/Case-Shiller Home Prices Indices
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For the first time in 16 months, however, the annual decline of the 10-City and 20-City composites did not set a new record.
Editor's Comment: Every month we make this statement. This report is not even close to being a statistical sample. Only 20 out of som 380 Standard Metropolitan Statistical areas are included. As an example the Ft. Myers, Orlando, and Treasure Coast SMSA's are NOT included. These areas are now enjoying price INCREASES. Our hats off to a great PR department at S & P
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| @ Standard & Poors | Posted: 04/29/09 at 0315 EDST
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| Florida Senate passes insurance bill
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| The Florida Senate passed a broad property insurance bill Tuesday that is expected to boost most statewide home and condominium insurance rates and reduce Floridians' risk of paying damages if a major hurricane hits.
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| @ Ft. Lauderdale Sun Sentinel | Posted: 04/29/09 at 0320 EDST
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| Solar-panel plant and headquarters could bring 3,600 jobs to Orange County / Orlando
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| 'Green energy' facility would increase scientific developments near airport. A solar-equipment manufacturer from Ohio signed a preliminary deal with a local development company Tuesday to build a plant and headquarters just outside Orlando, a project that could create up to 3,600 high-paying jobs by the time it's done in roughly six years, an executive with the firm said.
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| @ Orlando Sentinel | Posted: 04/29/09 at 0330 EDST
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| Tampa area home-price declines moderate
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| Sales prices in the Tampa metro area fell 2.7 percent in February, compared to the previous month, according to the S&P/Case-Shiller home-price index, released today by Standard & Poor's. That's better than the 4.4 percent monthly drop the area posted in January.
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| @ Tampa Tribune | Posted: 04/29/09 at 0345 EDST
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| Consumer confidence among Floridians surged six points in April to 71.
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| This is the highest rating since March 2008
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| @ UF Bureau of Economic and Business Research | Posted: 04/29/09 at 0400 EDST
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| The Conference Board Consumer Confidence Index™ Increases in April
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| The Conference Board Consumer Confidence Index™, which had posted a slight increase in March, improved considerably in April. The Index now stands at 39.2 (1985=100), up from 26.9 in March. The Present Situation Index increased to 23.7 from 21.9 last month. The Expectations Index rose to 49.5 from 30.2 in March.
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| @ Conference Board | Posted: 04/29/09 at 0415 EDST
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| A Reality Check for Economic Optimism
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| 'Improvement' Merely Means the Decline Is Slowing. Companies are laying off employees at a record pace, the financial markets remain a mess, and this morning the government is widely expected to announce that the economy shrunk at an extraordinary pace in the first three months of the year. (Economists have estimated that gross domestic product fell at a 5 percent annual rate.)
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| @ Washington Post | Posted: 04/29/09 at 0419 EDST
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| London Ponders Its Future as Financial Powerhouse.
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| “By 2010, the U.K. will have the largest budget deficit in the developed world,” said Richard Snook, a senior economist at the Center for Economic and Business Research in London. “The problem is that the financial services industry has been a huge cash cow for the British government for the last 10 years and now it is going into reverse.”
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| @ New York Times | Posted: 04/29/09 at 0646 EDST
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| Darling insists growth will return
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| The UK chancellor reiterates confidence that inflation, interest rates and stimulus will ensure forecasts of a recovery in the face of severe parliamentary sceptimism. Giving evidence to the Commons Treasury committee on Tuesday, Dave Ramsden, the Treasury’s chief economic adviser, pointed to two additional grounds for optimism. The ending of the temporary 15 per cent rate of value added tax should encourage consumers to spend at the end of the year before the rate went back up, he said, and the stamp duty holiday for properties under £175,000 should also have an effect in boosting housing transactions over the same period.
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| @ Financial Times - UK | Posted: 04/29/09 at 0652 EDST
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| UK treasury to miss out on billions over 50% tax
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| Treasury officials admitted last night that the Government would lose out on billions of pounds of revenue as they expected high earners to sidestep the 50 per cent tax rate. The Chancellor said last week that the 50p income tax rate for those earning more than £150,000 would raise £1.1 billion, but figures revealed yesterday suggest that he expects to lose £2.5 billion as many of the 350,000 higher earners take action to avoid, through legal means, paying the rate by working fewer hours or moving abroad.
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| @ London Times | Posted: 04/29/09 at 0655 EDST
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