Novartis’ move completes the final stage of a lengthy process to get full control of the eyecare group, known for its contact lens solutions, and the dominant player in the multibillion-dollar market of intraocular lenses, small lenses implanted in the eye to correct problems focusing.Alcon is also number one in cataracts – an area that is set to benefit from ageing populations.Novartis also said it was restarting a SwFr10bn (£6.59bn) share buyback programme, suspended in April 2008, to minimise dilution to Novartis shareholders.Novartis’ decision to restart its share buyback is part of a growing trend among European drug firms to return cash to investors. Novartis pays £8bn for rest of US’ Alcon KCS-content Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Wednesday 15 December 2010 7:45 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 Stunning Female AthletesBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmFinancialAdvisorHeroesSean Hannity New Girlfriend Might Look Familiar To YouFinancialAdvisorHeroesArticles StoneLittle Boy Brings $2 Painting To Antiques Road Show, Not Realizing Its WorthArticles StoneAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure Crunch Tags: NULL whatsapp NOVARTIS has wrapped up its long-awaited buyout of the remainder of US-listed Alcon for $12.9bn (£8.25bn), after sweetening its original offer with cash.The Swiss drugmaker is hoping the deal with its rival, worth some $52bn in total, will help it diversify and protect it against patent loss on big selling medicines such as blood pressure drug Diovan.Novartis has been trying to clinch 100 per cent ownership in Alcon since the start of the year, but its original all-paper offer of 2.8 Novartis shares for each Alcon share met stiff resistance from Alcon’s directors, who repeatedly dismissed it as “grossly inadequate”. Show Comments ▼ whatsapp
Guaranty Trust Bank Plc (GUARAN.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2009 interim results for the first quarter.For more information about Guaranty Trust Bank Plc (GUARAN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Guaranty Trust Bank Plc (GUARAN.ng) company page on AfricanFinancials.Document: Guaranty Trust Bank Plc (GUARAN.ng) 2009 interim results for the first quarter.Company ProfileGuaranty Trust Bank Plc (GTBank) is a leading financial services institution in Nigeria with business operations in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Uganda, Sierra Leone, Tanzania and the United Kingdom. The company provides banking products and services for the retail, commercial and corporate banking sectors. GTBank has received numerous accolades in recognition of excellent service, delivery, innovation, corporate social responsibility and good corporate governance include ‘The Best Banking Group by World Finance Magazine’ and ‘The Most Innovative African Bank by The African Banker Magazine’ in 2016/2017. GTBank’s head office is in Lagos, Nigeria. Guaranty Trust Bank is listed on the Nigerian Stock Exchange
Letshego Holdings Limited (LETSHE.bw) listed on the Botswana Stock Exchange under the Investment sector has released it’s 2017 presentation For more information about Letshego Holdings Limited (LETSHE.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Letshego Holdings Limited (LETSHE.bw) company page on AfricanFinancials.Document: Letshego Holdings Limited (LETSHE.bw) 2017 presentation Company ProfileLetshego Financial Services Botswana is regulated financial services institution that offers products and solutions for the low- to middle-income sector in Botswana. The company was established in 1998 as Micro Provident Botswana Limited but now operates as a member of the Letshego Group. Letshego Financial Services Botswana is primarily focused on providing financial solutions to individuals who are formally employed by the government of Botswana, parastatals and the private sector. A subsidiary division offers microfinance and savings solutions to individuals generating income in the informal sector. Letshego Financial Services Botswana is able to cater to both sectors by providing simple, appropriate and accessible solutions that are competitively priced. The company was able to diversify its offering through the acquisition of Micro Africa Limited in East Africa, allowing it to provide loans to micro and small enterprises, collective groups and low- to middle-class earners. The company has a presence in 11 countries across southern, east and west Africa; Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Swaziland, Tanzania and Uganda.
Our 6 ‘Best Buys Now’ Shares Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Many hard-working folks dream of retiring early. The monotony of the daily grind can be overwhelmingly dull and the hope of freedom is never far from the mind.Wages are not rising, the cost of living is increasing, and people must work longer before they can claim a state pension, which is far from enough to live on in any case.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…So, with all this taken into consideration, is retiring early even possible?Investment commitmentWith some careful financial planning and commitment to an investment plan, there is a way to ensure wealth in your retirement years, through a passive income from the stock market.A Stocks and Shares ISA can be a great way to get started on this path. The individual allowance for an ISA in 2019–20 is £20k per year, tax-free.Although holding your savings in a Cash ISA is a safe way to save your money for emergencies, it’s not the most profitable way. UK interest rates are very low and have been for some time. It also doesn’t look as if they will increase soon. This means the value of your savings won’t grow and inflation could in fact cause their value to go down. Safe doesn’t necessarily equate with sensible when considering your long-term financial goals.FTSE 350 index fundsThe FTSE 100 is arguably the safest basket of stocks you could invest in because it consists of the UK’s 100 largest listed companies by market capitalisation. These are well-established companies with strong track records of making money and often returning extra to shareholders through dividends.The FTSE 100 index has returned approximately 7% annually for the past 10 years, so investing in a FTSE 100 index tracker can be a good, consistent way to invest regularly.Alternatively, the FTSE 250 is another popular tracker that contains the next 250 largest UK listed companies after the 100 in the FTSE 100. As they are slightly less established, they carry slightly more risk, but that goes hand in hand with a higher reward. The FTSE 250 has returned over 11% annually in the past decade.The power of compoundingSome stocks and funds offer dividend yields, which make additional payments back to the investor at an agreed rate of return. For example, the FTSE 100 has a dividend yield of 4.4%.If you reinvest those dividends, then your lump sum grows, and it gains interest on the increased pot. Gaining interest on your interest is called compounding and many fortunes have been made this way.If time is on your side and you have a few decades before you aim to retire, then you can realistically hope to achieve a nice retirement nest egg, with a regular commitment to investing.If you invest £20k in a Stocks and Shares ISA today and commit to continuing with a monthly £250 contribution, an average 8% annual return would mean you could pass the million-pound mark in 38 years. With £1m in savings, you could live comfortably on £50k a year for 20 years or £33k a year for 30 years.Although, it’s possible to retire early thanks to the compounding effect of a Stocks and Shares ISA, how early depends on the amount you can afford to invest, the annual return you achieve, and how long you’re willing to wait. Kirsteen Mackay | Friday, 10th January, 2020 Retire early with a Stocks and Shares ISA I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Kirsteen Mackay Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this.
Burren House / Níall McLaughlin Architects Year: Projects Ireland “COPY” CopyAbout this officeNiall McLaughlin ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesDublinHousesIrelandPublished on December 26, 2012Cite: “Burren House / Níall McLaughlin Architects” 26 Dec 2012. ArchDaily. Accessed 11 Jun 2021.
The 15th Annual MLK Day Rally and March for Jobs, Peace and Justice drew more than 1,000 people to downtown Detroit on Jan. 15. Abayomi Azikiwe, a leader of the Moratorium Now! Coalition and Detroit Workers World Party, emceed the day’s events and helped give political cohesiveness to the many struggles against outrages and oppressions that speakers, marchers and performers addressed. A spirit of fightback against Trump, racism, capitalism and imperialist war carried the day.Frank Hammer of the Asotrecol Solidarity Network spoke on the struggle of General Motors workers in Colombia, while Jonathan Roberts, of the Restaurant Opportunity Center-Michigan, motivated the crowd to support servers and other restaurant workers. Crystal Bernard and Carlos Santa Cruz, both young organizers from the Poor People’s Campaign: A National Call for Moral Revival, gave a stirring call to action against racism and injustice.Cynthia Thornton, president of Pride at Work Michigan, urged everyone to stand up for LGBTQ rights and liberation. Kimberly Simmons, of the Juvenile Lifers Support Group, movingly told of being convicted as a teenager to life in prison and incarcerated for 29 years, as well as the growing struggle to free other juvenile lifers in Michigan prisons.The Selma Medallion Awards were presented to “those Detroiters who, when Dr. King called, answered and went to Selma, Ala., after Bloody Sunday 1965”: Hon. John Conyers, Jr., George Giffin, Frank H. Joyce, Wilbert McClendon, Dean Robb, Terry Shaw and Rudy Simons. The People’s Spirit of Detroit Awards were presented to Zonzie Whitlow, Alfonzo Hunter, Katrina Brown and Jim Rehberg.DetroitDetroit named best city for MLK DayPeople’s attorney Vanessa Fluker spoke on the crisis of lead poisoning in Detroit, which has intensified with the mass demolition of homes throughout the city following the bank-led foreclosure crisis. Amer Zahr, a writer, stand-up comedian and adjunct professor of law, rallied the audience to support Palestine and continue efforts to stop U.S. aid to racist Israel.The Rev. Dr. Bernard Lafayette was the honored guest and keynote speaker. Lafayette worked with the two leading Civil Rights organizations of the 1960s, SNCC (Student Nonviolent Coordinating Committee) and the SCLC (Southern Christian Leadership Conference). He became involved in the Civil Rights Movement after growing up in Tampa, Fla., in the 1940s and 1950s.Lafayette was active in mass campaigns to end Jim Crow and was a participant in the sit-ins and freedom rides in the early 1960s. He was involved when Dr. King and SCLC went to Chicago in 1966 to test out their model of nonviolent resistance in a northern city. King tapped him as SCLC’s program coordinator in 1967, and Lafayette took on responsibility for the 1968 Poor People’s Campaign.The Metro Times reported Jan. 12 that Detroit was named the best city in the U.S. to celebrate MLK Day by Treetopia for the second year in a row. “Detroit has a profound history of African-American political … and cultural activity,” Azikiwe, MLK Day media coordinator, said in the article.Musical presentations punctuated the rally and after a Freedom March through downtown Detroit, participants met at St. John’s Episcopal Church for cultural performances and a community meal provided by the Wobbly Kitchen. The MLK Day rally and march enjoyed wide press coverage from all of the Detroit television stations, WWJ News radio and the Associated Press.HoustonHoustonians honor KingThe 40th Annual MLK Parade held by Houston’s Black Heritage Society drew the mayor and many politicians, two African-American members of Congress and marching bands. The more than 200 participants included groups as diverse as the Houston Black Corvette Club and the Houston Caribbean Professionals Association, along with a variety of churches, schools, community organizations, businesses and labor unions.The sanitation workers had a large contingent with their brightly polished garbage trucks. Progressive and activist organizations included the National Black United Front, the S.H.A.P.E. Community Center, the Houston Fair Housing Coalition, Alianza Latina Internacional, Pacifica Radio and the Texas Death Penalty Abolition Movement.The Abolition Movement’s contingent was cheered and those lining the streets joined in chanting, “Texas says death row! We say heck no!” It included family members and friends of many death row prisoners, including the kids of George Curry, who tossed candy to children along the route, and a woman who was going to witness her friend’s execution in Huntsville, Texas, three days later.Conrado Acevedo, an Indigenous activist, drummed the whole route while James Aaron, the former chair of the Black Panther Party in Houston, along with others, handed out more than 1,200 flyers about the death penalty. Longtime activist Leonard Benton drove his 1931 Ford Model A, which was a big hit, especially when he sounded the horn, which honked out a loud “AH-OOOH-GAH” like a drunken goose.The Black Heritage Society was founded by community leader Ovide Ducantell in 1975 after he met with Dr. King’s father about continuing to honor the legacy of his son. In January 1978, Martin Luther King Sr. came to Houston and participated in the first MLK Parade in the United States, on the newly renamed street of Martin Luther King Boulevard.‘Reclaim MLK’ Freedom and Unity marchMore than 300 demonstrators stopped traffic in Portland, Ore., for two hours as they marched down Martin Luther King Jr. Boulevard in a Jan. 15 tribute to MLK organized by Don’t Shoot Portland. It was the 4th Annual Children’s March for Social Justice, so many of the organizers were young people who stepped up to make banners and play a highly visible part of the march.Demonstrators chanted “Justice for Quanice Hayes!” “Hands up, don’t shoot!” and “I can’t breathe!” King’s “Letter from Birmingham Jail” was read at the final rally in front of the MLK Memorial Sculpture.Quanice Hayes was an unarmed 17-year-old African American fatally shot on Feb. 9, 2017, by white cop Andrew Hearst. When Hearst was cleared of all charges, Venus Hayes, the youth’s mother, asked for a federal investigation. She said police did not need to shoot. “Quanice was on his knees when he was shot in the head and in the chest,” said Hayes, who was not notified by authorities and instead found out about her son’s death on Facebook. (kgw.com, March 22)San DiegoSan Diego’s 2nd Annual Martin Luther King Jr. Day March and Rally, sponsored by the National Action Network, took place Jan. 15. Hundreds assembled in front of San Diego City College and marched to City Hall. There, the Rev. Shane Harris, president of NAN, San Diego chapter, and other speakers addressed homelessness, jobs, police brutality, criminal injustice, DACA (Deferred Action for Childhood Arrivals), migrants, the proposed border wall and many other issues.Some of the participating organizations were SURJ (Showing Up for Justice), the San Diego Black Panther Party, UNITE HERE Local 30, Workers World Party, the Racial Justice Coalition of San Diego, Indivisible, the Alfred Olango Foundation and the Council on American-Islamic Relations San Diego, along with many others.Among the speakers at the rally, chaired by Rev. Harris, were City Council member David Alvarez, the only elected official to show up; Dr. John Warren, publisher of the local newspaper Voice & Viewpoint, and several local ministers.The families of Alfred Olango, Jonathan Coronel and James Lacy — all shot and killed by police — participated in the march and were on stage at the rally.In Lexington, Va., more than 800 people participated in the second annual MLK day parade sponsored by the Community Anti-Racism Effort (CARE Rockbridge). Participants came from Charlottesville, Roanoke and other locations around Virginia.Abayomi Azikiwe, Lyn Neeley, Gloria Rubac, Gloria Verdieu and WW staff contributed to this article.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Israel now holding 13 Palestinian journalists RSF asks ICC prosecutor to say whether Israeli airstrikes on media in Gaza constitute war crimes IsraelMiddle East – North Africa IDF forces are trained to recognize journalists in the field but “cannot guarantee the safety of all civilians,” the spokesperson said, adding that, “journalists who choose to work in a combat environment do so at their own risk and with full understanding of the dangers involved.” Regarding the decision not to allow journalists to enter the Gaza Strip from Israel, this “was made at the political level and not by the IDF,” the spokesperson said.Download the report “Operation Cast Lead: news control as a military objective” News Responding to charges that the IDF fired on journalists and buildings occupied by news organisations, its spokesperson said Israeli military personnel were given clear orders not to fire on people who were not positively identified as combatants and were given clear orders to aid those injured in the fighting. Hamas denied putting any pressure on the media and denied carrying out politically-motivated arrests of journalists while they were in the course of their work. The arrests of journalists reported by Reporters Without Borders were the result of “violations of the broadcasting and printing code,” Hamas said. Follow the news on Israel Help by sharing this information to go further IsraelMiddle East – North Africa RSF_en News March 19, 2009 – Updated on January 20, 2016 Hamas and Israeli military respond to Reporters Without Borders report on Operation Cast Lead Both the Hamas information ministry and the spokesperson of the Israel Defence Forces (IDF) have criticised the report which Reporters Without Borders issued on 15 February about the situation of the media while covering the fighting in Gaza during Operation “Cast Lead.” May 28, 2021 Find out more WhatsApp blocks accounts of at least seven Gaza Strip journalists Organisation News News May 16, 2021 Find out more Receive email alerts Hamas also denied banning journalists from entering certain areas in the Gaza Strip during the fighting although it accepted that restrictions may have been placed on their movements “in order to better ensure their safety.” Without taking a position on particular cases cited in the report, the information ministry concluded that it “totally lacks objectivity.” June 3, 2021 Find out more
Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Your email address will not be published. Required fields are marked * Community News Business News Top of the News More Cool Stuff First Heatwave Expected Next Week Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Name (required) Mail (required) (not be published) Website Herbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty8 Celebrities Who’ve Lost Their FandomsHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyPretty Or Not: 5 Things You Didn’t Know About BeautyHerbeautyHerbeauty Subscribe Make a comment The Family Movie Friday series has wrapped for 2013, and continued the successful tradition of providing a family friendly, outdoor activity for Sierra Madre. Through the generous support of the Sierra Madre Issei Memorial Foundation, Sierra Madre Volunteer Firefighters Association, and Mother Moo Creamery, the Community Services Department was able to show five movies in Kersting court, including the Sierra Madre filmed classic Invasion of the Body Snatchers. The films never looked better, shown on a brand new screen made possible by donations from the Sierra Madre Kiwanis Club and Rotary Club of Sierra Madre. Approximately 250 people attended each showing and supported local businesses in the downtown area.The Family Movie Friday series will resume in late spring, early summer of 2014. If you are interested in sponsoring a movie or supporting the series please contact Recreation Supervisor Kyle Schnurr at (626) 355-5278 ext. 227 or by email at [email protected] faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Neighborhood News Sierra Madre’s Family Movie Fridays Another Success From STAFF REPORTS Published on Monday, August 5, 2013 | 4:49 pm 11 recommended0 commentsShareShareTweetSharePin it
Email TAGSartCreative CompanyKeeping Limerick PostedlimerickLimerick PostTG4 Limerick Ladies National Football League opener to be streamed live RELATED ARTICLESMORE FROM AUTHOR WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick’s National Camogie League double header to be streamed live BusinessNewsCommunityLimerickShannon company get creative in new series on TG4By Meghann Scully – January 8, 2020 1026 Advertisement Twitter Print SHANNON company, Maurice Ward Transport will compete against nine other companies in brand new TG4 series, Creative Company.Creative Company is a new entertaining arts-based competition 6-part series in which ordinary workers and colleagues must work together to create a piece of art.Sign up for the weekly Limerick Post newsletter Sign Up People from all levels in the office must come together as a team and get creative to try and win title of Ireland’s most creative.Creative Company will air every Thursday 9.30pm on TG4 Their artwork will be put on public display in Dublin’s CHQ at the heart of Dublin’s business district for a period of three months.The ten companies taking part are Circle K, Energia, The Gleneagle Hotel, Big O Taxi’s, Donegal ETB, The Dingle Hub, Standún, Donegal Yarns, Raidió na Life and Maurice Ward Transport.Maurice Ward Transport will feature in episode 1 this Thursday at 9.30pm.Creative Company will air every week for 6 weeks with a winner with the winner being revealed in the final episode. Linkedin Predictions on the future of learning discussed at Limerick Lifelong Learning Festival WhatsApp Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Facebook Previous articleDance Limerick hosts Céilí Afro Dabke workshops with support from DorasNext articleWATCH: Highlights of Limerick’s Win Over Clare Meghann Scully Donal Ryan names Limerick Ladies Football team for League opener
Home / Daily Dose / Is a Strong Economy Translating Into More New Homes? Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago March 27, 2018 1,591 Views Is a Strong Economy Translating Into More New Homes? The Best Markets For Residential Property Investors 2 days ago About Author: Scott Morgan Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Previous: Offsetting Housing and Environmental Stresses as Cities Expand Next: Clarifying Contested Foreclosures After Bankruptcy in Daily Dose, Featured, Journal, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Share Save Print This Post Subscribe The national economy took an upturn in February, according to the Chicago Fed’s latest National Activity Index. Released Monday, the CFNAI—which measures 85 economic markers—for February landed at 0.88. That’s 0.02 above January numbers. The news, however, wasn’t as good when it came to the housing sector.That 0.02 difference is actually a bigger difference than it might seem. The CFNAI is weighted so that 0 represents average growth. Anything above 0 represents above-average growth. Also, at 0.88, the February CFNAI is the second-highest it’s been over the past 11 years. Only last October’s 0.90 index was higher. The index’s six-month average was 0.435, the highest number in 12 years, and indicative of more overall economic stability, according to the Chicago Fed.All four broad categories of indicators that make up the index increased from January, and three of the four categories made positive contributions to the index in February. Sixty-one indicators improved from January to February, while 23 indicators deteriorated, and one was unchanged. Consumption indicators improved, on balance, pushing up the category’s overall contribution.Of the indicators that improved, nine made negative contributions. Housing was one of them. According to the Chicago Fed, housing starts decreased from 1.3 million annualized units in January to 1.2 million in February.The latest S&P CoreLogic Case-Shiller Home Price Index released Tuesday showed a 6.4 percent year-over-year growth in home prices among the Index’s 20-City Composite. Those increasing prices are being spurred on by inventory shortages and low vacancy rates among owner-occupied houses. “First-time home buyers will continue to struggle to find homes within their price range as prices climb higher amid low inventory,” said Cheryl Young, Senior Economist at Trulia. The Chicago Fed’s data showing housing starts continuing to decline likely won’t help with the inventory or affordability problems.The February CFNAI shows that, over the past six months, the national trend has been a steadily improving economy. Generally, the economy has been improving or at least holding strong since March 2016. The index’s three-month moving average, CFNAI-MA3, increased to 0.37 in February from 0.16 in January.February’s numbers were led by improvements in production-related indicators, the Chicago Fed reported. Production-related indicators contributed 0.50 to the CFNAI in February, up from -0.15 in January. The CFNAI Diffusion Index, which is also a three-month moving average, moved up to 0.28 in February from 0.16 in January. Overall, according to the index, 63 of the 85 markers showed improvement over January.Though still in the red, the contribution of the personal consumption and housing category moved up to –0.02 in February from –0.10 in January.Employment-related indicators contributed +0.31 to the CFNAI in February, up from 0.24 in January. Nonfarm payrolls increased by 313,000 in February, after increasing by 239,000 in January.Total industrial production increased 1.1 percent in February after decreasing 0.3 percent in January. The sales, orders, and inventories category contributed 0.09 to the CFNAI in February, up from 0.03 in January. The Institute for Supply Management’s Manufacturing Inventories Index increased to 56.7 in February from 52.3 in the previous month. Tagged with: Chicago Fed National Activity Index Federal Reserve Bank of Chicago homebuilding Housing Starts New Homes Demand Propels Home Prices Upward 2 days ago Chicago Fed National Activity Index Federal Reserve Bank of Chicago homebuilding Housing Starts New Homes 2018-03-27 Scott Morgan Data Provider Black Knight to Acquire Top of Mind 2 days ago