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| More help wanted, ads say
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| Florida is one of a handful of states where online help-wanted ads are spelling out better times to come. According to data released Tuesday by the Conference Board, Florida's online job ad growth has not been a straight line and it is not phenomenal, just gradual.
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| @ Sarasota Herald Tribune | Posted: 06/10/09 at 0201 EDST
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| The Conference Board Employment Trends Index (ETI)™ Edges Up for the First Time in 16 Months
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| The Conference Board Employment Trends Index (ETI)™ saw a small uptick in May. The index now stands at 89.9, increasing 0.2 percent from the revised April figure of 89.7, and down 20 percent from a year ago. "While it is too early to say that the ETI has bottomed, the moderation of the last two months is certainly a sign that the decline in job losses is real and signals that the worst is over."
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| @ Conference Board | Posted: 06/10/09 at 0315 EDST
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| WCI to leave bankruptcy behind
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| WCI Communities Inc. expects to emerge from bankruptcy by the end of September owned by its creditors, according to a reorganization plan filed in a Delaware bankruptcy court. Under the plan, first-in-line creditors — those with debt backed by collateral — would get an initial 95 percent stake in the company, which built luxury towers and well-known communities such as Pelican Bay. Lenders with unsecured debt would divide the remaining 5 percent stake. Many of those are local businesses who did work for WCI, including carpet and air-conditioning companies.
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| @ Ft. Myers News Press | Posted: 06/10/09 at 0320 EDST
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| A new study by the Milken Institute finds a mixed bag for high-tech jobs in Palm Beach County and the Treasure Coast.
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| Palm Beach County ranked 17th in employment in medical and diagnostic laboratories, 34th in motion picture and video, and 46th in aerospace. The study's rating of overall tech employment rated Palm Beach County 80th in 2007, up only one spot from 2003.
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| @ Palm Beach Post | Posted: 06/10/09 at 0330 EDST
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| Hiring still tight in Tampa Bay area, but better than southwest Florida
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| Naples-Marco Island area and Cape Coral-Fort Myers rank as the second- and third-weakest hiring markets in the country. Naples-Marco Island had an employment outlook of minus 20 percent, second only to San Juan, Puerto Rico, at minus 21 percent. Cape Coral-Fort Myers was close behind at minus 14 percent.
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| @ St. Petersburg Times | Posted: 06/10/09 at 0345 EDST
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| Postal Service to auction site that straddles Eisenhower Expressway in Chicago
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| Bidding may open at $300,000, but value of 3-million-square-foot building is hard to estimate, auctioneer says
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| @ Chicago Tribune | Posted: 06/10/09 at 0400 EDST
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| U.S. bankruptcies highest since 2005
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| There were 330,477 filings in the January-to-March period, up 10 percent from the previous quarter and up 35 percent from a year earlier, the Administrative Office of the U.S. Courts said this week. Consumer bankruptcy filings rose 33 percent from a year earlier, while business filings rose 64 percent.
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| @ Reuters | Posted: 06/10/09 at 0415 EDST
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| Get Ready for Inflation and Higher Interest Rates - Arthur Laffer
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The unprecedented expansion of the money supply could make the '70s look benign.
Editor's Comment: This is a good read
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| @ Wall Street Journal | Posted: 06/10/09 at 0419 EDST
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| Dollar, Yen Weaken as Recovery Optimism Spurs Demand for Yield
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“There have been flows out of the U.S. Treasury market and the dollar has entered a possible long-term decline,” said Neil Mellor, a currency strategist in London at Bank of New York Mellon Corp., the world’s largest custodian of financial assets. “There are concerns about the fiscal deficit and where the dollar lies in the world.”
Editor's Comment: Read this along with the above Laffer article.
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| @ Bloomberg News | Posted: 06/10/09 at 0646 EDST
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| UK housing
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| Dig into the numbers of Rics’s May housing market survey and it is clear that most valuers remain resolutely gloomy. The seasonally adjusted net balance of surveyors reporting falling prices narrowed again in May and is now almost half the levels it reached in June last year. But the latest reading of -44.1, still well in negative territory, is around levels seen during much of the early 1990s correction.
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| @ Financial Times - UK | Posted: 06/10/09 at 0652 EDST
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| Downturn has hit bottom in Canada, OECD says
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| The economic outlook for the OECD area declined at a slower pace in April, an OECD survey said on Monday, and there were stronger indications that the downturn may have hit bottom in Canada, France, Italy and Britain. The Paris-based Organisation for Economic Co-operation and Development said its composite leading indicator for the OECD area rose in April, reaching 93.2 compared to a revised 92.7 in March. There was an 8.3 point drop from April a year earlier.
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| @ Financial Post - CA | Posted: 06/10/09 at 0655 EDST
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