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Bach expects the jobless rate to top the 10% mark, office rents to plunge another 5% to 10% and vacancies in commercial real estate to exceed 20% by the middle of 2010 - surpassing the 18% vacancy peak hit during the early 1990s crisis. The doom-and-gloom scenario will likely lead to higher default rates on commercial property loans held by banks and those pooled into mortgage-backed securities...
...address those concerns, researchers at the CDC and the FDA, which keep track of adverse events related to vaccines once they are approved, now report in the Journal of the American Medical Association (JAMA) that the rate of adverse events associated with the 23 million doses of Gardasil administered since 2006 is similar to the prelicensing rate among the 21,000 girls and young women who tested it in clinical trials and to that of other vaccines...
...Obama Administration and economists hailed the dip in July unemployment to 9.4% from the 9.5% level in June as an indication that the economy is beginning to recover. But the drop in unemployment is deceptive. Employers shed another 155,000 jobs in July. And the unemployment rate would have gone up, possibly to 9.7%, if the 400,000 Americans who had previously been searching for a job (but became so discouraged they stopped) had continued to seek employment in July. Economists expect the job picture to remain bleak well into...
...lured not only by the possible shortcut to renown, but also by the fact that the magazine pays unexpectedly well. "Nobody writes for love," insists Khan. "Writing is a profession, and it's just as important as any other art or form of expression. We pay the going rate." Wood backs him up. "We can pay a fee that will encourage writers," he says, "and if we can put them in a journal alongside better-known names that's a great encouragement. In the past, many Asian authors have found it difficult to see a future in writing. Perhaps...
...name is Consumer Assistance to Recycle and Save, a.k.a. CARS, but nobody calls it that) had customers scrambling to car dealerships in droves after it went live on July 27. Despite being in effect for only a few days, the program helped drive July auto sales to an annualized rate of 11.2 million vehicles, from just 9.7 million in June. In reaction, Wall Street economists have ratcheted up forecasts for third-quarter economic growth...