U.S. Jewish voters revolt against Obama: A recent study of American Jewish voters shows that U.S. Jews are angry at Obama's Mideast policies and will most likely vote for someone next elections.
China Slashes U.S. Government Bond Holdings By The Largest Amount Ever: The nation’s holdings of long-term Treasuries fell in June for the first time in 15 months, dropping by $21.2 billion to $839.7 billion, a U.S. government report showed yesterday. Two- year yields headed for a fifth monthly decline in August, falling today to a record 0.48 percent
Southern California Home Sales Drop 21 Percent: A tracking firm says home sales in Southern California plummeted more than 21 percent last month from July 2009, their biggest drop in more than two years.
US homebuilder confidence sinks: Despite low mortgage rates, fewer people are buying new homes. Official data shows that in June alone purchases of existing homes declined by 5.1 percent.
Loan Closing Costs Jump 36.6% Year-Over-Year: Bankrate suggests one reason for this jump in cost is the government requirement for lenders to provide accurate good faith estimates (GFEs) of closing costs.
Another Threat to Economy: Boomers Cutting Back: Policy makers have long worried that Americans aren't saving enough for old age. And lately, current and prospective retirees have been hit on many fronts at once: They have less money, they earn less on what they have, their houses aren't rising in value and the prospect of working longer to make up the shortfall has dimmed significantly in a lousy job market.
US proves call centre match for India on costs: High unemployment levels have driven down wages for some low-skilled outsourcing services in some parts of the US, particularly among the Hispanic population.
Wal-Mart Quietly Raises Prices: A JPMorgan Chase (JPM) study of a Walmart Supercenter in Virginia found that the world's largest retailer has raised prices by nearly 6% on average over the past six weeks, according to the New York Post. Reuters says it was the biggest sequential increase since JPMorgan started the study in January 2009.
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