Euro Creeps Up as Yield Gaps Back on Agenda
The euro crept back near a two-month high on Tuesday after a jump in euro zone inflation fuelled expectations of a rate hike and as worries about unrest in Egypt abated slightly.
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Archive for January, 2011
Program reduces serious hospital infections: report
A U.S. program to help make sure hospital staff maintain strict hygiene standards lowered death rates in intensive care units by 10 percent, U.S. researchers reported on Monday.
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California Gov. pushes tax hikes
Californians should decide whether they want to pay $12 billion more in taxes to help plug the state’s massive budget shortfall, said Gov. Jerry Brown Monday.
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China PMI foreshadows slower growth and sticky inflation (Reuters)
Reuters – China’s factories slowed a touch in January under the weight of monetary tightening, but input prices rose quickly, keeping the pressure on the government to tackle inflation despite easing growth.
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Nearly 11 Percent of US Houses Empty
Homeownership is falling at an alarming pace, despite the fact that home prices have fallen, affordability is much improved and inventories of new and existing homes are still running quite high.
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Q+A: What happens next on U.S. healthcare reform?
A judge in Florida on Monday invalidated President Barack Obama’s healthcare reform law after finding the requirement that Americans buy health insurance was unconstitutional, in the biggest legal challenge yet to federal authority to enact the law.
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Rates fall at weekly Treasury auction (AP)
AP – Interest rates on short-term Treasury bills fell in Monday’s auction, with rates on six-month bills dropping to the lowest level since early November.
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Jon Henes: State Disclosures Ahead for Municipal Bond Market
As states and local governments continue to struggle with fiscal issues, they will be required to begin making better disclosure of their unfunded pension liabilities. This is good news that the depth of the fiscal problems can be analyzed and the investing public will have full disclosure on which to make prudent and informed investment [...]
Treasury lowers borrowing estimate to $237B for Q1 (AP)
AP – The Treasury Department says it will need to borrow $237 billion in the current January-March quarter, reducing an earlier estimate to avoid hitting the nation’s debt ceiling.
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Judge strikes down Obama healthcare law
A U.S. federal judge in Florida on Monday struck down the landmark healthcare law backed by President Barack Obama, finding that the U.S. Congress exceeded its authority to require individuals to buy insurance.
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