“Economy forecast - Worcester Telegram & Gazette” plus 3 more |
- Economy forecast - Worcester Telegram & Gazette
- Timken wins contract to supply engine nose gearboxes for US Army's ... - Los Angeles Times
- TV networks say golf business is good even without Tiger - Toronto Star
- Severe winter hits German business sentiment - Financial Times
| Economy forecast - Worcester Telegram & Gazette Posted: 23 Feb 2010 01:31 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.
CHICAGO —
Economists expect the U.S. recovery to remain "firmly on track" during the next two years though job growth is likely to remain slow, according to a new survey.
The latest outlook from The National Association for Business Economics sees regular job gains resuming this quarter but no drop in unemployment below 9 percent for another year. Consumer spending will be relatively sluggish as consumers continue to dig themselves out of debt, but inflation is expected to remain subdued, and home prices are expected to rise at a rate slightly above inflation in 2010 and 2011. "We see a healthy expansion under way, although it will take time to reduce economic slack and repair damaged balance sheets," said Lynn Reaser, the group's president and chief economist at Point Loma Nazarene University. The NABE forecast is largely consistent with its last quarterly forecast in November and reflects an economy in slow-but-steady recovery mode. Its prediction that unemployment will decline only to 9.6 percent by the fourth quarter also mirrors the Federal Reserve's forecast last week.
Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Timken wins contract to supply engine nose gearboxes for US Army's ... - Los Angeles Times Posted: 22 Feb 2010 10:22 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| TV networks say golf business is good even without Tiger - Toronto Star Posted: 23 Feb 2010 08:41 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.  Tiger Woods received his green jacket from champion Vijay Singh after winning the 2001 Masters at the Augusta National Golf Club in Augusta, Ga. in April, 2001. DOUG MILLS/ASSOCIATED PRESSNEW YORK, N.Y.—Television viewership will fall without Tiger Woods, but the networks that air the sport and the PGA Tour itself can handle the setback. That's the word from several media analysts and the president of CBS Sports, which now is facing the possibility of covering the Masters Tournament just weeks from now with golf's biggest star conspicuously absent. "We're all looking forward to him coming back, but until then we're doing perfectly fine," CBS Sports president Sean McManus said. When Woods made his globally televised apology last Friday for serial infidelity, he said that "I do plan to return to golf one day, I just don't know when that day will be." The statement left Woods with no deadline — so what will happen to the audience if he stays away from the course? The first of four major tournaments on the PGA Tour, the Masters, which has long aired on CBS for the concluding rounds, ends April 11 this year. The U.S. Open follows in June on NBC. The British Open will be seen on ABC in July, and the PGA on CBS in August. Broadcast network coverage will be supplemented by coverage on cable networks. Tournaments in which Woods isn't playing generally suffer a drop in viewership and a loss of advertising revenue, notes Larry Novenstern, executive vice-president of Optimedia. For the 15 or so tournaments where Woods might have been expected to play this year, Novenstern estimated the resulting advertising loss to networks would total between $10 million and $20 million. But in comparison to other economic hardships challenging broadcasters right now, he says, "This is just a speed bump." CBS' McManus agrees. "Golf does better economically when Tiger is a major force on the PGA tour," he says, "but golf is still a valuable product for us." There's no question Woods delivers a ratings kick for any tournament he plays in, ranging from 20 per cent to as much as 50 per cent. "But a certain per cent of Tiger's audience is not the traditional golf audience and, in effect, is not what many advertisers are looking for," says Neal Pilson, president of Pilson Communications, a media consulting firm, and a former president of CBS Sports. "If Tiger's in an event, you expect a 50 per cent increase in ratings. You don't necessarily negotiate a 50 per cent increase in the advertising rate." Many of the advertisers are brands like Callaway, Titleist and Nike that target products and messages specifically toward golf devotees. "There's a strong, economically secure core audience for golf, and there is no indication that they have left," Pilson says. "The more casual audience that follows Tiger probably won't be back until he comes back again." The Nielsen Co. has estimated that an average of 4.6 million viewers tuned in to tournaments played by Tiger in 2007-08. When Woods had knee surgery after winning the 2008 U.S. Open and missed the rest of the season, ratings sunk as much as 50 per cent. However, network ratings for the first three tournaments in 2009, which Woods missed because of his knee ailment, when compared to this year's first three tournaments — also without Woods — show an audience growth of 29 per cent. "We think that's pretty promising for golf," says Stephen Master, vice-president of Nielsen Sports. "Golf had pretty strong support before Tiger. Maybe people are getting used to the fact that, for a while, at least, Tiger won't be around." Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Severe winter hits German business sentiment - Financial Times Posted: 23 Feb 2010 08:12 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. German business confidence fell this month for the first time in almost a year as severe winter weather blew the recovery in Europe's largest economy off course. The Munich-based Ifo institute reported its business climate index slipped from 95.8 in January to 95.2, suggesting that after its early escape from recession last year, Germany's economy was seeing only lacklustre growth or even a contraction at the start of 2010. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| You are subscribed to email updates from Business - Bing News To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
