Economic Turbulence Plays Havoc with Consumer Confidence

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Consumer Confidence HOUSING U.S. Economy Economic Turbulence Plays Havoc with Consumer Confidence Demand Propels Home Prices Upward 2 days ago Related Articles April 26, 2016 983 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Sign up for DS News Daily Consumer Confidence HOUSING U.S. Economy 2016-04-26 Brian Honeacenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Economic Turbulence Plays Havoc with Consumer Confidence About Author: Brian Honea Share Save Previous: Should Banks Be More Liquid? The Government Thinks So Next: Lawmaker Pushes for Next Step in CFPB Reform Analysts have taken note of the turbulent economic activity in the first quarter, punctuated by a recent report from Fannie Mae forecasting only one rate hike by the Federal Reserve this year instead of two.Freddie Mac’s most recent economic outlook also indicated painted a somewhat murkier picture for the economy, though the report also stated that the slow Q1 economic activity should not affect the housing market this year.Now consumers are noticing the recent economic volatility. The Conference Board’s Consumer Confidence Index for April dropped from 96.1 down to 94.2 in April (1985=100) following an increase in March that nearly erased a dismal February.According to the Conference Board, the Present Situation Index increased from 114.9 to 116.4 from March to April and the Expectations Index dropped from 83.6 to 79.3 during the same period. And while consumers’ appraisals of current conditions improved slightly in April, consumers surveyed had a generally less optimistic short-term outlook and had less favorable attitudes toward the labor market—there was an increase in the number of consumers who said they anticipate fewer jobs, while there was a decrease in the number of consumers who said they anticipate more jobs.“Consumer confidence continued on its sideways path, posting a slight decline in April, following a modest gain in March,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions improved, suggesting no slowing in economic growth. However, their expectations regarding the short-term have moderated, suggesting they do not foresee any pickup in momentum.”“The fourth consecutive increase in the labor force participation rate amid solid job growth has slowed the decline in the unemployment rate, and, combined with anemic productivity growth, may help explain the failure of wages to accelerate more rapidly.”Doug Duncan, Fannie Mae Chief EconomistThe pessimism toward the labor market came despite a healthy monthly average of job gains of more than 220,000 in the first quarter. Fannie Mae Chief Economist Doug Duncan predicted that economic activity will pick up for the remainder of the year even after the slow Q1.“We expect a healthy labor market, the solid hiring trend seen during the last few months, and stronger household incomes to boost consumer spending over the rest of the year despite weak economic activity in the first quarter,” Duncan said. “The fourth consecutive increase in the labor force participation rate amid solid job growth has slowed the decline in the unemployment rate, and, combined with anemic productivity growth, may help explain the failure of wages to accelerate more rapidly.”The decline in consumer confidence, particularly the drop in expectations for better business conditions and more jobs for the next six months seems to have had an adverse effect on near-term plans for homebuying. According to the Conference Board, the percentage of consumers surveyed  who said they plan to buy a home in the next six months dropped from 6.3 percent in March down to 5.4 percent in April.The “advance” estimate for first quarter GDP will be released by the Bureau of Economic Analysis on Thursday, April 28. The April employment situation will be released by the Bureau of Labor Statistics on Friday, May 6. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News  Print This Post The Best Markets For Residential Property Investors 2 days agolast_img read more

Derby County closing in on deal to sign Ashley Cole

first_imgDerby County are reportedly closing on a deal to sign Ashley Cole on a free transfer following his departure from Los Angeles Galaxy.The former Chelsea left-back is expected to have a ­medical on Monday and sign a short-term deal until the end of the current campaign for little more than the £10,000 a week he was earning in LA, which for the Rams manager, Frank Lampard it’s a win, win situation.The Championship club will get the most ultra-professional defender and Cole will be given the chance to take his first steps in what he hopes will be a coaching career as distinguished as his playing career.Lampard said, according to Mirror Football: “Some of the way the media painted him was out of order. Anybody who knows Ashley Cole knows he’s polite.”Premier League Legends: Ashley Cole, England’s Eternal Tomás Pavel Ibarra Meda – August 19, 2019 It’s time to talk about one of the hardest-working players in Premier League history, the Legend that is full-back Ashley Cole.Now that we know…“He’s a family man, he adores the people around him.”“He trains diligently every day. He is nice to all the fans – and those things may have been glossed over in the past, but now the truth is coming out.”“If you give him one pound or £100,000 a week, you still get the same professional every day. He will turn up first to the ­training ground and give everything.”“He will help people around him and leave last. I understand people get obsessed with wages, but it has nothing to do with it.”last_img read more

The Old Globe Theatre brings Shakespeare to women in prison

first_img Posted: March 21, 2018 Sasha Foo, Categories: Local San Diego News FacebookTwitter March 21, 2018 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSan Diego’s largest arts organization, The Old Globe is using the arts to promote personal growth and change. The Globe has a program that’s reaching out to a very specific group, women in prison.KUSI’s Sasha Foo spoke with The Old Globe’s Arts Engagement Associate Director, Karen Ann Daniels, and Patricia Ceballos who is the Re-entry Program Coordinator for the Sheriff’s Department about the details of bringing Shakespeare to women in prison. center_img The Old Globe Theatre brings Shakespeare to women in prison Updated: 10:12 AM Sasha Foo last_img read more

Florida goes into damage control mode over Zika

first_img TAMPA, Fla. — Thank goodness it’s the slow season in Florida.At least that’s what officials and representatives of the state’s multibillion-dollar tourism industry are thinking in the wake of the news that 16 people have been infected with Zika in a small, trendy neighbourhood in Miami.The outbreak has sent another chill through the Sunshine State’s all-important tourism industry just weeks after the Orlando nightclub massacre and the killing of a 2-year-old boy by an alligator at nearby Walt Disney World.Florida officials have gone into damage-control mode, with Gov. Rick Scott insisting, “We have a safe state!” during a tour of the Zika hot zone in Miami’s Wynwood district.Tourism is Florida’s biggest industry. Visitors spent some $89 billion here last year. And Disney is America’s No. 1 tourist attraction.Outside of a few business owners in the affected square-mile neighbourhood, however, Zika appears to have done little damage to tourism so far.“We have not had anyone cancel a trip to Florida because of Zika,” said Jenny Cagle, vice-president of Elm Grove Travel in Wisconsin. “It’s definitely a conversation. People are talking about it.”Demetra Prattas, vice-president of Turon Travel, a New York-based company that books art tours and trips, including the annual Art Basel festival that includes events in Wynwood, said: “I don’t think it’s a factor in deciding where to go. We’ve had no cancellations.”More news:  Apply now for AQSC’s agent cruise ratesThe governor has been on something of a statewide Zika tour, meeting with county health officials and business owners in Miami and along the Interstate 4 corridor that runs through Orlando. He said tourists should use caution and not worry about mosquitoes, adding that Florida knows how to prepare for crises because of its hurricanes.“We will make sure all the tourists feel comfortable coming to Florida,” he said Thursday in Wynwood, site of the first mosquito-transmitted cases of Zika on record in the continental U.S. “We’ve got to continue to support these businesses because, why? They have employees and those employees need their jobs.”He said the state is doing everything it can to test people, spray against mosquitoes, get rid of the standing water in which they breed, and encourage people to use insect repellent.The Visit Orlando tourism board issued a statement noting that no locally acquired cases of Zika have been reported in the Orlando area, which is over 200 miles from Miami. The board gave assurances that “safety is the top priority for our region.”The next few months will be crucial, said Henry Harteveldt, founder of the San Francisco-based Atmosphere Research Group, a travel-industry watcher.“If Florida is able to address this efficiently and quickly and be able to pronounce with confidence that they’ve been able to eradicate, there won’t be long-term consequences,” he said. “If Zika remains a long-term challenge, it’s possible some potential tourists might think twice.”More news:  Help Princess Cruises break the world record for largest vow renewal at seaFederal health officials have warned pregnant women to avoid Wynwood because the virus can cause severe birth defects, including stunted heads. England’s public health agency is advising mothers-to-be to postpone non-essential trips to Florida.U.S. experts say expectant mothers planning a visit to the state should consult with their doctor.For the most part, theme park visitors should be fine, said North Carolina State University entomologist Michael Reiskind, because the mosquito species most likely to spread the disease is less prevalent in Orlando and the theme parks are likely to spend heavily on insect control.Kathy Torian, a spokeswoman for Visit Florida, the state’s tourism arm, said anecdotally there were minimal cancellations in the wake of the Orlando shootings and the Disney alligator attack.In 2015, 106.3 million people visited Florida, a record number.Some tourists are shrugging off the dangers.“I feel very safe in Orlando. The recent tragedies and even the Zika concerns have not deterred me in any way from enjoying my vacation,” said a vacationing Tam Fuller, of Atlanta. “I keep my kids close to me at all times and stay aware of my surroundings, so I never feel unsafe.” Monday, August 8, 2016 Share Florida goes into damage control mode over Zika << Previous PostNext Post >> Tags: Florida, Travel Alert, Zika By: Tamara Lush Source: The Associated Presslast_img read more