Article Source The President's press conference yesterday was meant to buttress consumer and investor confidence. I will leave it to others to evaluate whether he was successful in this endeavor [0]. I will also ignore his disingenuous remarks concerning how allowing drilling offshore and in ANWR [1] would somehow affect gasoline prices today in a noticeable manner, and focus instead on his repeated emphasis on the fact that the economy is still growing (although he never mentioned at what pace). This statement is indeed accurate if one focuses on real GDP. I present the log of real GDP in Chained 2000$, normalized to 0 at the NBER-defined trough in 2001Q4. I also present for reference log GDP in the previous two expansions, normalized to 0 in the previous troughs in 1991Q1 and 1982Q4. (For those interested in output gaps, the mean WSJ forecast predicts output will be ...

The UK housing sector, already best by plunging demand and prices, has been hit with a potential body blow which could tip the economy into a deep recession. Taylor Wimpey, the country’s biggest home owner, has shocked the UK market and observers with the news that it has failed to agree a deal with potential new investors, forcing the stricken house builder to admit on Wednesday that it could breach banking covenants if the housing market does not recover. Coming with the news of poor sales figures for big retailer, Marks & Spencer, the Taylor Wimpey news will undermine investor confidence across the board. The company had been looking for around 500 million pounds ($A1 billion) in new capital from existing big and new shareholders, and had promised to write down the value of its land bank in Britain, Spain and other countries by around 660 million pounds (around $A1.4 billion). The write-down ...

ESPRE Solutions, Inc. is billed as a video media solutions company, and has been making significant headway in that arena over the last few months. The company’s revolutionary video compression codec, LSVX™, was recently enlisted by Baidu.com, China’s largest search engine.

Shares of ESPRE experienced an impressive surge in price today (June 16th), as a result of this morning’s news that the company has received official approval for listing on the OTC: Bulletin Board. “This acceptance on the OTC:BB marks the successful completion of a concerted effort to achieve the sounder listing and trading platform for our shares that our shareholders have been seeking,” remarked Peter Lanace, ESPRE’s CEO.

The company became fully reporting in January of this year, with the hope that a Bulletin Board listing would come to fruition. Now a reality, the added transparency afforded by the switch will likely increase investor confidence, resulting in a greater innate

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