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Geothermal Energy Bringing Millions of New Dollars to Federal, State, and Local Governments

added: 16-01-2009

According to a new report issued by the Geothermal Energy Association (GEA), changes made in 2005 to federal geothermal leasing laws are bringing in millions of new and additional dollars to federal, state, and county government coffers. In just two years, FY 2007 and FY 2008, $82 million in new revenues were generated by geothermal activities, according to GEA.

Bankrate: Mortgage Rates Tie a Record Low

added: 16-01-2009

Mortgage rates fell for the third week in a row, tying a record low last seen in 2003. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage rate dropped to 5.28 percent with an average of 0.42 discount and origination points.

U.S. Import and Export Price Indexes in December 2008

added: 15-01-2009

The U.S. Import Price Index declined 4.2 percent in December, the Bureau of Labor Statistics of the U.S. Department of Labor reported, following decreases in each of the previous four months. Export prices also fell for the fifth consecutive month, declining 2.3 percent in December after a 3.4 percent drop the previous month.

Dismal Retail Sales Revealed, Gross Margins to Tell the Whole Story

added: 15-01-2009

Retail sales have been dismal, but the real damage to profitability and viability was unprecedented deep discounting, according to Grant Thornton Corporate Advisory and Restructuring Services. Department stores performed the worst, with the steepest decline in same-store sales, while luxury-apparel stores saw declining sales as consumers traded down and reduced discretionary spending.

Steep Decline Predicted for Nonresidential Construction Activity in 2009

added: 15-01-2009

As the overall U.S. economy continues to struggle, nonresidential construction spending is expected to decrease by 11 percent in 2009 in inflation adjusted terms.

Economic Crisis Impacts Employee Engagement

added: 15-01-2009

Results of a national comparative survey of US companies between 2007 and 2008 indicate that 66 percent of the firms in the study saw decreases in their employee engagement, according to Greg Harris, president of Quantum Workplace, a market research company that surveys employee engagement.

Fitch: Private U.S. Mortgage Insurers Face Negative Outlook for 2009

added: 15-01-2009

In a report published, Fitch Ratings states that the outlook for private U.S. mortgage insurers remains negative.

U.S. Employers Face More Than $108 Billion Pension Funding Tab in 2009

added: 15-01-2009

U.S. employers will be required to contribute more than $108 billion into their defined benefit plans this year, according to an analysis by Watson Wyatt. Although that's roughly $16 billion less than employers would have had to contribute without the passage of a new pension funding relief law late last year, Watson Wyatt pension experts say employers will still need additional relief.

US County Employment and Wages - Second Quarter in 2008

added: 14-01-2009

From June 2007 to June 2008, employment declined in more than half of the largest U.S. counties, according to preliminary data released by the Bureau of Labor Statistics of the U.S. Department of Labor.

US Job Openings and Labor Turnover in November 2008

added: 14-01-2009

On the last business day of November, there were 2.8 million job openings in the United States, and the job openings rate was 2.0 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

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