UK Manufacturing PMI Hits 21-Month Low As New Orders Fall

Written by Jessica Clark on July 1, 2011 – 8:01 pm

– UK manufacturing sector expanded at the weakest pace in 21 months in June, reflecting a decline in order inflows and a sharp slowdown in job growth, survey results from Markit Economics showed Friday. The survey suggested that the strong recovery seen at the start of the year is rapidly losing steam.

The seasonally adjusted Markit/Chartered Institute of Purchasing & Supply purchasing managers’ index dropped to 51.3 from a revised 52 in May. Economists expected the reading to rise to 52.3 from May’s original score of 52.1.

The latest reading was the lowest since September 2009. A PMI reading above 50 indicates expansion of the sector.

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Tags: Low, Uk Manufacturing
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Defend your consumer protections, vote on loan safeguards & keep that Form 5498

Written by Robert White on July 1, 2011 – 10:23 am

It’s about as hard to tie together this column’s offerings as it is to recommend LinkedIn stock.

Best I can say is that it’s about consumer protection. Protecting you from predatory lending and troubled brokers. Protecting the protector from detractors. Protecting IRA holders from double taxation.

Hope you’ll accept my invitation to connect.

Vote on new mortgage disclosures

The still germinating federal Consumer Finance Protection Bureau, under attack from the banking industry and Republican lawmakers, managed last week to propose two new mortgage disclosure forms designed to better inform and protect consumers. Full Article…


Tags: Consumer, Consumer Protections
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Don’t Let Roller Coasters Take You for a Ride

Written by Jessica Clark on July 1, 2011 – 2:25 am

How do you deal with a thief that’s 230 feet tall and robs you at 80 miles per hour? The Diamondback roller coaster at Kings Island in Mason, Ohio, has claimed more cell phones than a Manhattan taxi. In 2009, the ride’s first year, $20,000 worth of mobiles flew from the soaring, nose-diving $22 million structure. “The damaged ones we put in a fish tank in the queue line as a reminder to guests to secure all loose articles before riding,” spokesman Don Helbig said. Full Article…


Tags: Roller, Roller Coasters
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Big industry alliance campaign aims to derail Australia carbon tax

Written by Jessica Clark on July 1, 2011 – 12:13 am

Other heavyweight groups said to be involved are the Plastics and Chemical Industries Association and transport group the Australian Logistics Council. None would confirm their participation, although the Australian Chamber of Commerce and Industry admitted to AFP that talks were under way.

 

 

 

 

 

 

 

 


Tags: Australia, Australia Carbon
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Nyah, Congress! No Recess for You!

Written by Robert White on June 30, 2011 – 11:40 pm

Republicans in Congress are so worried that President Obama might name someone to lead a new consumer watchdog agency that they’re refusing to go home. And they’re using a little-known parliamentary rule to keep the Senate cooped up in Washington, D.C., too.

At this rate, the fight over Elizabeth Warren, the de facto chief of the new Consumer Financial Protection Bureau, could keep Congress in session indefinitely.

“The Speaker is certainly concerned about recess appointments,” Michael Steel, spokesman for House Speaker John Boehner (R – OH), said in an email to Credit.com.

You see, normally, the House and Senate take a recess on holidays so members can go home and raise money for their next campaign. But this

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Tags: Congress, Congress No
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