Cambridge Forecast Group Blog: Backup

"MANUFACTURING SURVEY"

Federal Reserve Bank of Kansas City 

Manufacturing Survey‏

KC Fed Update (KCFedUpdate@kansascityfed.org)

Fri 5/29/09

The following information is now available on the Federal Reserve Bank of Kansas City's Web site:

Tenth District manufacturing activity 

declined only slightly in May,

and firms generally expect steady conditions

heading forward.

Price indexes in the survey indicated continued

declines in both materials and finished goods

prices.

Read the complete report at:

http://www.kansascityfed.org/mfgsurv/mfgmain.htm?ealert=MFG0528

For additional information, visit the 

Federal Reserve Bank of Kansas City's Web site:

http://www.kansascityfed.org

Federal Reserve Bank of Kansas City 

Manufacturing Survey‏

http://www.kansascityfed.org/mfgsurv/mfgmain.htm?ealert=MFG0528

http://www.kansascityfed.org

KC Fed Update (KCFedUpdate@kansascityfed.org)

Fri 5/29/09

U.S. GDP: BUREAU OF ECONOMIC ANALYSIS

BEA News: GDP and Corporate Profits

1st Qtr 2009 (preliminary)‏

U.S. Bureau of Economic Analysis (subscribe@bea.gov)

Fri 5/29/09

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 5.7 percent in the first quarter of 2009, (that is, from the fourth quarter to the first quarter), according to preliminary estimates released by the Bureau of Economic Analysis.  In the fourth quarter, real GDP decreased 6.3 percent.

The full text of the release on BEA’s Web site can be found at http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm.

The Bureau of Economic Analysis

Visit us on the web at http://www.bea.gov.

If you have questions or need assistance, please e-mail subscribe@bea.gov.

U.S. Bureau of Economic Analysis · 1441 L Street NW · Washington DC 20230 · 202-606-9900

BEA News: GDP and Corporate Profits 1st Qtr 2009 (preliminary)‏

U.S. Bureau of Economic Analysis (subscribe@bea.gov)

http://www.bea.gov

The full text of the release on BEA’s Web site can be found at http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm.

The Bureau of Economic Analysis

Fri 5/29/09

LEADING AND COINCIDENT INDICATORS

Philadelphia Fed Releases Coincident

and Leading Indexes – Philadelphia Fed‏

Phil.Webmaster@philadelphiafed.org

Fri 5/29/09

Dear Subscriber:

The following information is now available on the Philadelphia Fed’s website:

Philadelphia Fed Releases Coincident and Leading Indexes
May 29, 2009 —

The Philadelphia Fed today released April’s coincident indexes for the 50 states and April’s leading indexes for Delaware, New Jersey, and Pennsylvania.

State Coincident Indexes: http://www.philadelphiafed.org/research-and-data/regional-economy/indexes/coincident/

Third District Leading Indexes: http://www.philadelphiafed.org/research-and-data/regional-economy/indexes/leading/

We welcome your comments, questions, and suggestions.

Please e-mail us at Phil.Webmaster@phil.frb.org.

Philadelphia Fed Releases Coincident and

Leading Indexes - Philadelphia Fed‏

Phil.Webmaster@philadelphiafed.org

State Coincident Indexes: http://www.philadelphiafed.org/research-and-data/regional-economy/indexes/coincident/

Third District Leading Indexes: http://www.philadelphiafed.org/research-and-data/regional-economy/indexes/leading/

Fri 5/29/09

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 64: RECENT FINANCIAL AND ECONOMIC DEVELOPMENTS

BIS Review

Bank for International Settlements

BIS Review No 64 available‏

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 5/29/09

Please find BIS Review No 64 attached as an Adobe Acrobat (PDF) file.

Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 64 (29 May 2009)

Jean-Claude Trichet: Integration and innovation – the Alpha and Omega of a successful retail payments market in Europe

Masaaki Shirakawa: Recent economic and financial developments and the conduct of monetary policy

Radovan Jelašić: Development of the municipal bond market in Serbia

Sada Reddy: Fiji’s economic situation

Pentti Hakkarainen: Future of retail banking – more competition needed

please e-mail press@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 64 available‏

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

http://www.bis.org/review/index.htm

Fri 5/29/09

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 63: GLOBAL FINANCIAL AND ECONOMIC CRISIS

BIS Review

Bank for International Settlements

BIS Review No 63 available‏

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 5/29/09

Please find BIS Review No 63 attached as an Adobe Acrobat (PDF) file.

Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 63 (28 May 2009)

George Provopoulos: Reflections on the economic and financial crisis

Duvvuri Subbarao: Risk management in the midst of the global financial crisis

Amando M Tetangco, Jr: Banking on governance for growth and stability

Marion Williams: Sustainable effective regulatory systems

Donald L Kohn: Interactions between monetary and fiscal policy in the current situation

please e-mail press@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 63 available‏

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

http://www.bis.org/review/index.htm

Fri 5/29/09

HYDROPOWER CONFERENCE: ICELAND JUNE 23 2009

The International Hydropower Association (IHA)

2009 World Congress on Advancing Sustainable Hydropower

Iceland (23-26 June 2009)

on behalf of congress@hydropower.org

Climate Change Info (climate-l@lists.iisd.ca)

Thu 5/28/09

Dear Climate-L Readers,

2009 World Congress on Advancing Sustainable Hydropower

The International Hydropower Association (IHA) is delighted to invite you to the 2009 World Congress on Advancing Sustainable Hydropower.

Leaders of government, business, academia and civil society, will congregate in Rekjavik on 23-26 June 2009. The World Congress will challenge and stimulate our thinking to set a common strategy for the future.

If your responsibilities include hydropower, don’t miss the opportunity to have your say in this unique forum.

• To review the programme, click here (pdf)
• To register click here.

The World Congress programme comprises an exceptional spectrum of panellists, tackling some of our greatest challenges; session topics include:

• Energy Policy
• Water Policy
• Climate Change
• Hydropower Development
• Investment and Financing Models
• Hydropower Markets
• Hydropower and GHG Emissions Seminar
• Sustainability Standards
• Renewable Energy Sustainability Initiatives
• Hydropower Sustainability Assessment Forum

We welcome you to Reykjavik and we look forward to your personal contribution to a truly memorable event.

International Hydropower Association

*For details of remaining sponsorship opportunities, contact ps@hydropower.org.

Nine Sutton Court Road Sutton London SM1 4SZ UK

http://www.climate-l.org – A knowledgebase of International Climate Change Activities, provided by IISD in cooperation with the United Nations System Chief Executives Board for Coordination (CEB) Secretariat

IISD for environment and sustainable development policy professionals at:

http://www.iisd.ca/email/subscribe.htm

The International Hydropower Association (IHA)

2009 World Congress on Advancing Sustainable Hydropower

Iceland (23-26 June 2009)

International Hydropower Association

Nine Sutton Court Road Sutton London SM1 4SZ UK

on behalf of congress@hydropower.org

Climate Change (climate-l@lists.iisd.ca)

Thu 5/28/09

AFRICAN AGRICULTURE

AGRICULTURE KEY TO AFRICA’S

DEVELOPMENT STRESSES

UN-AFRICAN UNION REPORT

UNNews UNNews@un.org

Thu, 28 May 2009

New York, May 28 2009

AGRICULTURE KEY TO AFRICA’S DEVELOPMENT, STRESSES UN-AFRICAN UNION REPORT

African nations will be hit hard by the global economic crisis during the course of 2009, the United Nations and the African Union (AU) say in a new report, which stresses the need to focus on agriculture, the mainstay of economies on the continent.

Modernising agriculture is crucial to development and industrialisation in Africa, to food security, sustained poverty reduction and integration of Africa in the global economy, says this year’s Economic Report on Africa.

The report, an annual publication of the AU Commission and the UN Economic Commission for Africa (“http://www.uneca.org/ ECA), calls for special attention to agriculture, since Africa is heavily dependent on this sector for providing employment, generating economic growth, foreign exchange earnings and tax revenue.

Agriculture is still the mainstay of economic development and yet a very neglected sector for decades in Africa, Rob Vos, Director of the Development Policy and Analysis Division at the Department for Economic and Social Affairs (“http://www.un.org/esa/desa/ DESA), told reporters as he launched the report.

He noted that Africa, which has the largest agricultural potential per hectare and per capita, is still a net food importer. What Africa needs is a long-term focus on agricultural development and a transformation that would help further economic diversification, job creation and, through that, poverty reduction, he said.

The report, entitled Developing African Agriculture through Regional Value Chains, highlights the Comprehensive Africa Agriculture Development Programme (CAADP), adopted by the AU in 2003.

In the framework of the CAADP, it points to a strategy that creates regional value chains that link agriculture to other sectors of the economy as the best way to initiate and sustain development in Africa.

These value chains will include forward and backward linkages, from agribusinesses, agro-processing, ethanol production, other industrial processes to soil management, high-yielding seed varieties and fertiliser production, according to the report.

Lila Hanitra Ratsifandrihamanana of the AU noted that the theme of this year’s report not only tackles a major sector of the African economy, but is also relevant to the theme of the AU summit to be held in July in Sirte, Libya, which is investing in agriculture for economic growth and food security.

The report adds that the impact of the global financial crisis has already resulted in lower demand for Africa’s exports and a sharp decline in commodity prices. At the same time, it says that sustained economic reforms, exchange rate adjustment, easing of inflation and efforts to revive domestic demand will contribute to low but still positive growth rates in some African countries in 2009.

May 28 2009

For more details go to UN News Centre at http://www.un.org/news

AGRICULTURE KEY TO AFRICA’S DEVELOPMENT

STRESSES UN-AFRICAN UNION REPORT

UNNews UNNews@un.org

Thu 28 May 2009

http://www.un.org/news

UN News Centre

New York May 28 2009

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 62: BERNANKE SPEECH

BIS Review

Bank for International Settlements

BIS Review No 62 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Wed 5/27/09

Please find BIS Review No 62 attached as an Adobe Acrobat (PDF) file.

Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 62 (27 May 2009)

Ben S Bernanke: Commencement address

Duvvuri Subbarao: Information technology and banking – a continuing agenda

Stanley Fischer: Bank of Israel’s objectives for 2009

Rundheersing Bheenick: Islamic finance and its developments in Mauritius

Charles Bean: Monetary policy developments

Jaime Caruana: Financial globalisation, the crisis and Latin America

please e-mail press@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 62 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

http://www.bis.org/review/index.htm

Wed 5/27/09

"SECOND QUARTER ECONOMIC REVIEW"

Second Quarter Economic Review

Federal Reserve Bank of Kansas City

KC Fed Update (KCFedUpdate@kansascityfed.org)

Wed 5/27/09

The following information is now available on the Federal Reserve Bank of Kansas City’s Web site:

“Recession and Recovery Across the Nation: Lessons from History” is now on our website.  This second quarter Economic Review article by Chad Wilkerson finds that the timing and depth of regional recessions typically vary widely, with several Fed districts regularly outperforming others.

http://www.kansascityfed.org/publicat/econrev/ermain.htm?ealert=ER0526

For additional information, visit the Federal Reserve Bank of Kansas City‘s Web site. http://www.kansascityfed.org

Second Quarter Economic Review

KC Fed Update (KCFedUpdate@kansascityfed.org)

Federal Reserve Bank of Kansas City

Wed 5/27/09

FED'S MONETARY POLICY RESPONSE

FRBSF Economic Letter:

The Fed’s Monetary Policy Response to the Current Crisis

FRBSF Economic Letter 2009-17 has been posted on the Federal Reserve Bank of San Francisco‘s Web site

Tue 5/26/09

Researchpubs.sf@sf.frb.org

http://www.frbsf.org/publications/economics/letter/2009/el2009-17.html

Title: The Fed’s Monetary Policy Response to the Current Crisis

By: Glenn D. Rudebusch

The Federal Reserve is employing all available tools to promote economic recovery and price stability by lowering borrowing costs and boosting credit availability. In particular, after lowering the federal funds rate to essentially zero, the Fed has turned to unconventional policy tools to help accomplish its goals.

Don’t forget to check Fed in Print at:

http://www.frbsf.org/publications/fedinprint/index.html

please email Researchpubs.sf@sf.frb.org

FRBSF Economic Letter:

The Fed’s Monetary Policy Response to the Current Crisis

FRBSF Economic Letter 2009-17 has been posted on the Federal Reserve Bank of San Francisco‘s Web site

Researchpubs.sf@sf.frb.org

http://www.frbsf.org/publications/economics/letter/2009/el2009-17.html

Tue 5/26/09