Archive for July, 2011

US economy faces difficult future

WASHINGTON – Wealthy countries all over the world are dealing with debts and strained budgets as they mop up after the Great Recession and brace for the budget-busting retirement of the baby boomer generation. (3 hours ago)

QNB launches Ramadan Loans Festival with Personal and Vehicle finance rates starting as low as 2.63%

Doha – QNB has launched its Ramadan Loans Festival featuring the lowest advertised full term interest rate in the country of 2.63% flat on vehicle loans, and 5.55% on personal loans. (44 mins ago)

Editors’ Picks

In this week’s essential reading guide, Kohler braces for an RBA whack, Gottliebsen outlines the inevitable flaw in US debt solutions, Bartholomeusz scrutinises the Australian dollar and Maley ponders an Australian safe haven from sovereign debt. 29 Jul 2011 11:00 PM (9 mins ago)

Jobless Claims in U.S. Fell Last Week to Three-Month Low

Applications for unemployment benefits dropped last week to the lowest level since April, a sign the weakness in the labor market is fading. (45 secs ago)

KVH and Ciena Complete Successful 10 Gigabit Ethernet Wirespeed Link Encryption Trial for the First Time in Japan

TOKYO & LINTHICUM, Md.—-KVH and Ciena Complete Successful 10 Gigabit Ethernet Wirespeed Link Encryption Trial for the First Time in Japan (16 mins ago)

Prices rose in 16 of 20 major cities; but after adjusting for seasonal factors, prices fell

WASHINGTON – Home prices in major U.S. cities rose for the second straight month in May, propped up by an annual flurry of spring buyers. But after adjusting for such seasonal factors, prices fell in a majority of markets. (9 mins ago)

P/C insurers would weather debt ceiling crisis

WASHINGTON’Congressional failure to raise the federal debt ceiling by Aug. 2 should not significantly immediately affect property/casualty insurers, analysts and observers say. (11 mins ago)

Video: Upper Merion board hears school bus outsourcing plans

Uncertain about the futures of their jobs, bus drivers at Monday night’s school board meeting shifted unnervingly in their seats as they heard two school bus companies pitch bids to school officials. (24 mins ago)

Perfect for Baby Boomers?

CHEYENNE – AARP The Magazine has named Cheyenne one of 10 most livable cities in America. Cheyenne received the national recognition from the magazine Friday during the Greater Cheyenne Chamber of Commerce luncheon at Frontier Park. (43 mins ago)

Study highlights best, worst cities for tourist taxes

A list of the top five 2011 U.S. cities with the lowest and highest tourism taxes is out, showing cost differences in as much as 56% on average, according to an annual study by the Global Business Travel Association Foundation. (13 mins ago)