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To: Knighty Tin who wrote (40456)	11/2/2005 10:29:00 AM
From: mishedlo	Respond to of 116555

U.S. corporate layoffs up 13% in October: Challenger Wednesday, November 2, 2005 2:16:12 PM afxpress.com WASHINGTON (AFX) -- U.S. corporate layoffs rose 13% in October to 81,301, according to a monthly tally compiled by outplacement firm Challenger Gray & Christmas released on Wednesday. The figures are not seasonally adjusted. It was the fewest number of corporate layoff announcements in any October since 2000. Planned job reductions are up 4.7% year-to-date to 864,953 compared with 2004. So far in 2005, the automotive industry has cut the most jobs with 89,016, with retail close behind at 81,232. "Employers are reluctant to do any major job cutting in the hope that the conditions are temporary," said company CEO John Challenger in a statement

To: Knighty Tin who wrote (40456)	11/2/2005 10:39:39 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

U.S. to auction $44 billion in Treasurys next week Wednesday, November 2, 2005 1:52:08 PM afxpress.com WASHINGTON (AFX) -- The U.S. government will auction $44 billion in notes at next week's quarterly refunding auction to raise $5.3 billion in new cash and refund $38.7 billion in maturing notes, the Treasury Department said Wednesday The government will auction $18 billion in 3-year notes on Tuesday, $13 billion in 5-year notes on Wednesday and $13 billion in 10-year notes on Thursday The auction amounts were in line with estimates by Wall Street firms. The 30-year bond will be reintroduced at a Feb. 9 auction. Once the 30-year bond is brought back, the Treasury will move the monthly 5-year auction to the end of the month The government also anticipates selling cash management bills in early December and January. The government plans to borrow a net $96 billion in marketable securities in the fourth quarter, the Treasury Department said Monday. For the first quarter of 2006, the Treasury anticipates borrowing a record $171 billion from the markets, as the bill to finance Gulf Coast rebuilding adds up This will top the $144 billion borrowed in the first quarter of 2005 and $146 billion borrowed a year earlier The high borrowing estimate could put upward pressure on yields, thus raise consumer and corporate borrowing costs, analysts at Action Economics said Treasury borrowed $52 billion in marketable debt in the just-concluded third quarter. The government borrowed $216 billion in the markets in fiscal year 2005, down significantly from $380 billion in 2004. The improvement was due to stronger-than-expected receipts and record borrowing of $67 billion from state and local governments. Most analysts look for increased spending to be met, at least initially, by increased short-term bill issuance, allowing longer-term or "coupon" issuance, which costs the government more in interest, to remain about where it has

To: Knighty Tin who wrote (40456)	11/2/2005 11:02:39 AM
From: mishedlo	Respond to of 116555

Acrimony between UK and France over agriculture OUTLOOK EU foreign ministers to debate budget as UK admits rebate ´an anomoly´ Wednesday, November 2, 2005 10:24:17 AM afxpress.com OUTLOOK EU foreign ministers to debate budget as UK admits rebate 'an anomoly' BRUSSELS (AFX) - EU foreign ministers will on Monday hold the first detailed debate on the bloc's future funding since the June summit collapsed amid acrimony between the UK and France over farm spending The talks follow the refusal of UK prime minister Tony Blair, whose country holds the EU presidency, to allow in-depth discussion on the 2007-13 budget at last Friday's summit at Hampton Court, near London French president Jacques Chirac told reporters after the summit that EU countries, particularly new member states, want a budget deal as soon as possible and one that is along the lines proposed by the then Luxembourg presidency in June To the annoyance of France and the new member states, the UK rejected the Luxembourg proposal, pressing for deeper cuts to farm spending under the EU's common agricultural policy, known as CAP In turn, France, backed by the rest of the EU, sought the phase-out of the UK budget rebate secured in 1984 by then prime minister Margaret Thatcher At Hampton Court, Blair renewed his pledge to reach a budget deal by December before handing over to the Austrian presidency And UK foreign secretary Jack Straw reaffirmed yesterday: "We are committed to working for a deal at the December European council." Speaking in parliament, Straw added: "We intend to have detailed discussions for the first time since the June council at the general affairs council." He conceded that "the current abatement is an anomaly", adding however that "it is an anomaly on an anomaly, and the most profound anomaly is the structure and funding of the common agricultural policy". The UK is therefore seeking a review clause within the next budget "to ensure major and significant reforms" of farm spending and better distribution EU resources, he said Pressed further on the rebate, Straw maintained that it "is currently fully justified". He added: "We are seeking a fairer system of funding, and if the reason for the rebate the unfairness over time of the CAP were to fall away, the case for the abatement would fall away."

To: Knighty Tin who wrote (40456)	11/2/2005 11:06:33 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

The $25 trillion land grab money.cnn.com Ten megapolitans are poised for a boom that, by 2030, will dwarf America's post WWII buildout. NEW YORK (Business 2.0) - There has been an impressive amount of construction in the United States over the last three centuries: All told, we've built more than 300 billion square feet of homes, offices, factories and other structures. A treasure map of opportunity But according to new studies from the Brookings Institution and Virginia Tech urban planning professor Robert Lang, we're about to pick up the pace -- it will take just 25 years to erect the next 200 billion square feet, which we'll need to accommodate 70 million more people and to replace homes and offices erased by everything from disasters like Hurricane Katrina to plain old obsolescence. If you think the real estate boom of the past decade was bounteous, peek a little further over the horizon: Researchers estimate that the massive buildout will constitute a $25 trillion development market by 2030, more than twice the size of the U.S. economy today. According to Lang, the bulk of that money will flow into 10 major metro regions that he has christened "megapolitans." Here are exclusive growth forecasts for each of these regions and -- based on interviews with dozens of regional planners, developers and investors -- identified the savviest angles to play in the near and long term. View the top 10 "megapolitans." ..... New growth industries: New York City and Boston will be hotbeds of quantum computing and encryption. Best businesses to start: Sports bars or national fast-food franchises near new residential developments outside Bradenton and Sarasota. Best residential real estate bet: Preconstruction condo units between Venice and Tampa, where demand is so high that builders hold lotteries. ... ... mish