Bottom five: Weakest large labor markets in July
The Phoenix area was the nation's weakest large labor market in July, according to figures recently released by the U.S. Bureau of Labor Statistics.
Product companies becoming profitable services providers
Many companies have been shifting away from a sole focus on products and have added services in order to drive continued growth and differentiate themselves in an increasingly saturated marketplace. In fact, services account for 80 percent of the U.S.
Nobel laureate Myerson tells China to spend more of its dollars
Roger Myerson, a Nobel Laureate in Economics from the University of Chicago, told an audience of Chinese business executives and government officials recently that their country might do better if it liquidated some of its American investments.
U.S. economy: Can 77,255 Americans be wrong?
A recent internet poll posted on the Money magazine web site asked "When will the U.S. economy improve?" The answer from 80 percent of those responding was that the economy will improve no sooner than next year, or even later.
ASU-RSI: Slower rate of decline equals improvement
Although prices in metro Phoenix dropped 33 percent in May compared to May 2008, the rate of decline once again slowed, adding another month to an improving trend in the market, according to the ASU-Repeat Sales Index (ASU-RSI).
Adverse to whom? Insurance company fears of 'adverse selection' may be unfounded
For decades, insurance companies have been pricing policies based on the belief that adverse selection comes into play among their customers.
Second look: Michael Ahearn of First Solar Inc. says Europe's energy policies leaving U.S. behind
Today's news included the announcement that First Solar Inc. has signed one of the largest solar photovoltaic power deals ever in the U.S. The contract with Southern California Edison has First Solar developing two solar-power projects with a combined 550 megawatts of capacity.
Swimming naked: Rethinking risk management after the crisis
Warren Buffet said: "When the economic tide goes out, you find out who is swimming naked." The financial upheaval of the last two years has revealed a number of inadequately clad investors.
Junk bonds, subprime and the pepper crises: Investor behavior follows pattern
In his classic book on economic history, Charles Kindleberger argued that asset bubbles follow a predictable pattern. A new opportunity or technology sparks investor euphoria. Asset prices quickly rise to an unsustainable level. Then suddenly, people stop buying, and panic ensues.
The view from the bottom: Phoenix real estate market
What does the trough of a real estate slump look like? Phoenix metro area property owners will have time to take a close look at this unpleasant and hazardous landscape as the real estate market slides to the bottom over the next several months — and settles in for a slow, volatile recovery.