News release: “Moody’s Investors Service says that US commercial real estate prices, as measured by Moody’s/REAL National — All Property Price Index (CPPI), declined in April, by 3.7%, bringing the index down to its lowest level since its inception. However, the price recovery that began a year ago among so-called “trophy properties” in the largest markets continued unabated. The CPPI saw its fifth consecutive decline, with distressed prices helping negate the price recovery seen in larger, higher quality assets, resulting in a continued decline in the overall market.”
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Daily Archives: June 25, 2011
President Obama Launches Advanced Manufacturing Partnership
“In his remarks he announced the launch of the Advanced Manufacturing Partnership (AMP), a national effort that brings together industry, universities and the federal government to invest in emerging technologies that will create high quality manufacturing jobs and enhance our global competitiveness.” Executive Office of the President – Presidents Council of Advisors on Science and… Continue Reading
Recent Developments in European Bank Competition
IMF Working Paper – Recent Developments in European Bank Competition, Yu Sun, June 2011: “This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank… Continue Reading
