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Economic Development

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Agriculture a bright spot in the state’s economy

A report on the state of the Iowa economy in August is the second of the day to detect overall sluggishness.

With the exception of positive news on agriculture and building permits, the Iowa Leading …

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Upbeat factory report catches economists by surprise

Factory hiring and production increased in September, the Institute for Supply Management said today. Other data released today also showed strong demand for motor vehicles, with sales on track to surpass August’s rate. Construction spending …

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Midwest economic diagnosis: anemia, no recession

A business index that measures economic activity in the Midwest posted an increase for just the second time in the last six months, according to Creighton University’s Economic Forecasting Group.

The index increased to 52.2 …

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Poll: Three-quarters say European recession likely

Global investors anticipate Europe’s debt crisis leading to an economic slump, a financial meltdown and social unrest in the next year, with 72 percent predicting a country abandoning the euro as a shared currency within …

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Mortgage portfolio quality down

The performance of first-lien mortgages serviced by large national banks and federal savings associations declined slightly during the second quarter of 2011, according to a report released Sept. 29 by the Office of the Comptroller …

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Hiring survey reveals employers’ optimism down

Iowa employers are less optimistic than they were just three months ago, according to the Hamilton Hiring Survey released today.

The survey looks at employer confidence and hiring intentions for the upcoming quarter – October …

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Inspectors to weigh Greece’s austerity efforts

European Union (EU) and International Monetary Fund (IMF) inspectors will return to Greece on Sept. 29 to decide whether Athens has done enough to secure a new batch of aid vital to avoid insolvency, while …

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Little chance for president’s deficit reduction plan, Moody’s says

President Barack Obama’s deficit reduction plan would be positive for U.S. debt ratings but chances of its implementation are “extremely low,” Moody’s Investors Service said today.

Moreover, the ratings agency warned that deficit reduction in …

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Speakers to talk about the national budget and the economy

Robert Bixby, director of the Concord Coalition, and David Walker, director of the the Comeback America Initiative and former U.S. comptroller general, will talk about  the national debt, deficits and other economic issues from 7:30 …

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Applications for unemployment benefits higher than forecast

More Americans than forecast filed first-time claims for unemployment benefits last week as the labor market struggled to improve, Bloomberg reported.

Applications for jobless benefits decreased 9,000 in the week ended Sept. 17 to 423,000, …