Archive for September 2009
Fed trims programs while continuing focus on mortgage-backed securities
The Federal Reserve is trimming down some of the 10 support programs it created or expanded following the onset of the credit crisis in August 2007, Bloomberg reported.
The move triggered the first decrease in …
Social media use up, but companies grapple with understanding ROI
More professionals are using social media for business purposes, but companies have yet to grasp the best way to measure return on investment (ROI).
A Sept. 22 report from eMarketer shows that 86 percent of …
One year later: effects of airline baggage fees seen
One year after most airlines began charging fees for checked bags, the damage to consumer’s pocketbooks, as well as the saving effect on airlines’ bottom lines, can be seen.
Without the revenue gained from baggage …
Hubbell takes on humbled development department
Des Moines businessman Fred Hubbell was appointed interim director of the Iowa Department of Economic Development in the wake of a funding scandal that has forced several firings and resignations, including those of former IDED …
Read MoreProposed consumer protection agency losing some teeth
Financial consumers would have fewer protections than originally envisioned under a draft of a bill being circulated on Capitol Hill, CNNMoney.com reported.
The latest proposal for a Consumer Financial Protection Agency would no longer require …
ABC publishes construction backlog indicator
The nation’s Construction Backlog Indicator (CBI) for July rose 8.9 percent to 6.1 months from 5.6 months in June, Associated Builders and Contractors Inc. (ABC) reported yesterday.
Used as a gauge of the amount of …
Tickers: September 23
Enrollment at Des Moines Area Community College’s six campuses has increased 19.4 percent to 22,324 students this fall compared to fall of 2008. The number of credit hours was up 20.2 percent with 194,179 credit …
Read MoreHubbell Homes’ Nine Homes in Nine Days
Hubbell Homes wrapped up its nine-plex housing structure located at the corner of 21st and Forest Avenue in Des Moines, Iowa. This nine-plex will be rental homes to families with household incomes of $13,000 or …
Read MoreTicker: Sept. 22
Three hundred sixty-seven manufacturing employees were placed on indefinite layoff at John Deere Harvester Works in East Moline, Ill., on Monday. The company said the layoffs affect production workers with the least seniority and happened …
Read MoreIowans might not see benefit of potential unemployment benefits extension
Tough economic times and increasing unemployment rates have forced the government to consider a measure that would allow more than a million people to receive an additional 13 weeks of unemployment benefits, CNNMoney.com reported.
The …