U.S. EconomyPercy Lall says Customs Industry is a “Family Affair”
When it comes down to shipping and exporting Percy Lall is the man for the job in the Caribbean. Lall launched his own Customs Brokerage firm a half of century ago. And he said it was the best move he ever made. Not only has it evolved into one of the most successful Customs companies in Trinidad, but it has become “a family affair” as well, letting his love for the business fuse with his own familial legacy.
Cisco CEO Chambers stokes fears of "downturn 2.0" (Reuters)
Reuters - Cisco Systems Inc CEO John Chambers' comments on the economy sent jitters through financial markets on Thursday, stoking fears that a recovery in technology spending could be waning.
Wall Street bonuses to rise this year: report (Reuters)
Reuters - Wall Street bonuses likely will rise this year, despite the regulatory cloud hanging over compensation, as the financial sector recovers from recession faster than the broader U.S. economy, according to a published report.
Mortgage rates hit fresh lows on soft economy (Reuters)
Reuters - Home loan rates set new lows in the latest week on more evidence of a soft U.S. economy and high unemployment, home funding company Freddie Mac said on Thursday.
Eurozone industry output down in June, strong over Q2 (Reuters)
Reuters - Euro zone industrial production declined in June, with output in France and Germany falling sharply, but a strong showing over the second quarter as a whole suggests Friday's GDP data for the bloc will be robust.
Bankruptcy talk spreads among Calif. muni officials (Reuters)
Reuters - Two years after Vallejo, California, filed for bankruptcy protection, officials in nearby Antioch are also tossing around the 'B' word.
Economic segregation rising in US public schools (The Christian Science Monitor)
The Christian Science Monitor - More than 16,000 public schools struggle in the shadows of concentrated poverty. The portion of schools where at least three-quarters of students are eligible for free or reduced-price meals – a proxy for poverty – climbed from 12 percent in 2000 to 17 percent in 2008.
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