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U.S. Ag Flash Report For February 2010 Now Available
The U.S. Ag Flash Report for February 2010 is now available for viewing. The report compares monthly data from the current and past year of the U.S. unit retail sales of two- and four-wheel drive tractors and self-propelled combines. (3/10/2010)
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Canadian Ag Flash Report For February 2010 Now Available
The Canadian Ag Flash Report for February 2010 is now available for viewing. The report compares monthly data from the current and past year of the Canadian unit retail sales of two- and four-wheel drive tractors and self-propelled combines. (3/10/2010)
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March's Econ 101 Report: El Gordo!
The president's budget came out last month, and after reading through the hundreds of pages of text and tables, I came to the conclusion that this budget was a lot like the "El Gordo" platter at my favorite Mexican restaurant—it contains something for everybody, it's loaded with pork but it's bad for your health, and it totes a hefty price tag. (3/5/2010)
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Dodge Report - January Construction Retreats One Percent
The value of new construction starts slipped 1% in January to a seasonally adjusted annual rate of $419.3 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. (3/5/2010)
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AEM Economic Indicators Report for February 2010 Now Online
U.S. economic activity has continued to strengthen and the deterioration in the labor market is subsiding. Advance data from the U.S. Bureau of Economic Analysis indicates that the economy grew by 5.7 percent in fourth quarter of 2009, after an increase of 2.2 percent in the third quarter. (2/18/2010)
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February's Econ 101: Slow And Steady Growth In 2010
The economy and the labor market are continuing to improve gradually, more in fits and starts rather than leaps and bounds. (2/3/2010)
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January's Econ 101 Report: Deficits And Debt
Just prior to the presidential elections in August 2008, I wrote an article titled "Challenges for the Next President." While I mentioned the looming recession, I gave the next president a bit of a pass by saying that the recession train had already left the station and that the next administration would largely just have to "wait it out." (1/6/2010)
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December's Econ 101 Report: Some Good, Bad, And Ugly
As 2009 draws to a close, the economy is finally growing again. After almost two years of recession and four consecutive quarterly declines in GDP, GDP rebounded in the third quarter, rising at a 3.5% annual rate. Improvement was noted in all major sectors of the economy and reflects a number of factors, not the least of which was a bottoming in the housing market and policy initiatives in both monetary and fiscal policy. Marked improvement in capital markets has eased volatility and has seen elevated risk spreads drop back to prerecession levels, although lending volume still has a long way to go. Unofficially, though, it appears that the recession is finally behind us. (12/7/2009)
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October's Econ 101 Report: Another Jobless Recovery
With the economy finally starting to grow again and Labor Day only recently in our wake, I thought it would be a good time to take a closer look at the job market. Just as the bottoming in the housing market was a critical factor in the beginning of a recovery, the labor market will be crucial to how individuals feel about the recovery. The last two recessions were followed by long periods of subpar job growth and elevated unemployment-so-called jobless recoveries. The current recovery, which will undoubtedly start from a significantly higher level of unemployment than either of the last two, will likely exhibit a similar pattern of prolonged labor market slack. Such periods are not only interesting from an economic perspective, but they can have severe political ramifications as well. (11/2/2009)
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AEM Global Monitor - September 2009 now online
Want to know where the global economy is heading? How the construction or agriculture markets will look for the next 3 years? AEM's new Global Monitor, powered by Global Insight, can help! (10/9/2009)
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AEM Global Monitor - June 2009 now online
Want to know where the global economy is heading? How the construction or agriculture markets will look for the next 3 years? AEM's new Global Monitor, powered by Global Insight, can help! (6/30/2009)
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June's Econ 101 Report: Deferral Is Not a Dirty Word
Throughout his campaign, candidate Barack Obama threatened to raise taxes on "companies that ship jobs overseas" without ever specifying what exactly he meant. Recently, President Obama released some of the details of his proposed tax increases, and we are beginning to see exactly what he had in mind—and the details aren't good news. (6/4/2009)
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AEM Agricultural Industry Outlook Webcast: What Does 2009 Hold for Farm Equipment and Related Industries?
During the last year, the agriculture industry is being rocked by fluctuations in food demand, supply problems, the growth of biofuels, and the challenges of the global financial markets. In 2009, it is increasingly difficult to find any areas of strength or even stability. In the upcoming Agricultural Outlook webcast, which will be held on May 19th at 2:00 p.m. (Eastern U.S. time), Global Insight will explore the forces that caused the most recent agricultural boom in order to help AEM members to prepare for what lies ahead in the next 12 to 18 months. (5/7/2009)
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May's Econ 101 Report: The President's Budget
A couple of months ago, the president unveiled his budget outline for the next 10 years. As is customary with a new administration, the proposal was not detailed, but it did provide the broad outline and goals for the new administration. (5/4/2009)
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AEM Global Monitor - March 2009 now online
Want to know where the global economy is heading? How the construction or agriculture markets will look for the next 3 years? AEM's new Global Monitor, powered by Global Insight, can help! (3/27/2009)
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March's Econ 101 Report: Predawn Darkness?
Looking at incoming data, I am not sure which parent was right! As I write this, we are on the verge of seeing an enormous stimulus package passed and signed into law-a package that will undoubtedly help boost the economy not because it is well crafted, targeted, timely, and temporary, which it is not, but because it is so darn big! In contrast, the credit markets are still locked up, and job losses are mounting, people are not spending, and nobody is investing. I still think that the economy will bottom out by the end of the summer and show a bit of growth toward year-end, but that may be more of a wish than a forecast. (3/4/2009)
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February's Econ 101 Report: Wintry Mix?
You have to love weather forecasters. When the outlook calls for freezing rain, sleet, snow, and ice-truly horrid driving conditions-they cheerily label it a wintry mix. It just sounds so much better! Well, if it works for the weather, why not for the economy? (2/10/2009)
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AEM Global Monitor - December 2008 now online
Want to know where the global economy is heading? How the construction or agriculture markets will look for the next 3 years? AEM's new Global Monitor, powered by Global Insight, can help! (1/5/2009)
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January's Econ 101 Report: Stabilization and Stimulus
Well, it's official. We are in a recession. In November, the National Bureau of Economic Research (NBER) declared that the economy officially entered a recession in December 2007. That's right! One year after we started declining, NBER told us what most people already knew-all was not right in our economy. (1/5/2009)
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November's Econ 101 Report: Recession!
The U.S. economy, which has been weathering a Katrina-like onslaught of building intensity for over two years, appears to have finally succumbed and entered a recession. While the folks at the National Bureau of Economic Research (NBER) are yet to officially call the downturn, we believe that the unwinding of the housing bubble, severe problems in the financial markets, oil price spikes last summer, sharp declines in equity prices, and, most recently, a virtual freeze-up in the credit markets have sapped the economy's last bit of resilience. (11/4/2008)
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Chair of AEM Small Enterprise Committee Testified on October 28 Before House Committee on Small Business
The Chair of AEM's Small Enterprise Committee, Richard A. Brown, testified before the House Committee on Small Business on October 28, 2008. Brown is the President and COO of Krause Corporation, based in Hutchinson, Kansas. The hearing is on "Creating Opportunities for Small Businesses in an Economic Recovery." (10/28/2008)
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October's Econ 101 Report: Media Myths and Corporate Taxes
The Government Accountability Office (GAO) in July published a report, Comparison of the Reported Tax Liabilities of Foreign- and U.S.-Controlled Corporations, 1998-2005, GAO-08-957, requested by Sens. (10/10/2008)
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FREE to AEM Members: Global Insight's Global & U.S. Construction Outlook Webcast
As market shocks collide and negative pressures build, a perfect storm has formed above the global construction industry. Fueled by a worldwide residential housing bust, record high energy and material costs, badly stressed banking systems, and falling consumer confidence, the intensity of the storm continues to grow. When will it end and are there any bright spots on the short-term horizon? Global Insight, with 40 years of expertise in economic and financial analysis, forecasting and market intelligence, presented their 5th Annual Construction Outlook webcast on October 1. But it's not too late! If you missed it, check out the replay anytime. (10/2/2008)
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September's Econ 101 Report: Tax Extenders: We Need to End the Hostage
We have a hostage situation in Washington. For months, different bills have been floated in Congress to extend expired or expiring tax provisions that are essential to the business community. Yet none of these bills have made significant progress. (9/4/2008)
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August's Econ 101 Report: Budget Challenges for the Next President
This November the country will elect a new president, and whether it is Barack Obama or John McCain, he will face daunting problems. There is a high likelihood that the economy will be in recession, housing will still be stagnating, oil prices will remain high, and credit markets will continue to be unsettled. (8/14/2008)
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New Dodge Report Now Online - June Construction Slips One Percent
New construction starts in June retreated 1% to a seasonally adjusted annual rate of $552.0 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. (8/4/2008)
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New Dodge Report Now Online - May Construction Holds Steady
At a seasonally adjusted annual rate of $557.8 billion, new construction starts in May were essentially unchanged from April, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. (7/7/2008)
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July's Econ 101 Report: Recession Watch
While more and more economists are coming to the conclusion that our current economic slowdown may not officially qualify as one, some billionaire investors are still convinced that we are already in one. (7/7/2008)
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June's Econ 101 Report: Fitting Into the Global Economy
With the dollar's decline and the increasing role that export growth has played thus far in offsetting much of the decline in housing markets, now may be a good time to take another look at the position of the United States in the global economy and the implications of that position for America's citizens, businesses, and policymakers. (6/3/2008)
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May's Econ 101 Report: Recession?
It's been awhile since we have examined the current state of the economy, so we thought that it would be a good time to update the outlook. (5/2/2008)
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AEM Economic Indicators Report for April 2008 Now Online
All indicators point to a slowing U.S. economy in early 2008 as the decline in the housing market and higher prices for goods and services are having an impact on consumer spending and the financial markets. U.S. economic conditions continued to weaken in the first quarter of 2008, according to testimony by Federal Reserve Chairman Ben Bernanke before the U.S. Congress April 2. Concerns over housing and the overall economic outlook have translated into increased volatility in financial markets. At the same time, consumers are spending less. (4/10/2008)
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New Dodge Report Now Online - February Construction Rises 2 Percent
At a seasonally adjusted annual rate of $561.3 billion, new construction starts in February advanced 2% from the previous month, it was reported by McGraw-Hill Construction, a division of The McGraw-Hill Companies. (4/1/2008)
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AEMembership – working for you!
A quick 10 minute overview of the key services and benefits available to you and helpful tips on how to find the most valuable resources on the AEM website. (1/30/2008)
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September's Econ 101 Report: Slow or No Growth Ahead
After a year of growing at a very slow 1.5% pace, the economy grew at a robust 3.4% real growth rate in the second quarter of 2007. However, despite this strong showing, the growth was unbalanced and the prospects for economic growth in the second half of the year remain subdued. (11/7/2007)
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New Dodge Report Now Online - April Construction Slides 5 Percent
The value of new construction starts fell 5% in April to a seasonally adjusted annual rate of $565.1 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. (6/1/2007)
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May's Econ 101 Report: Today's Economy: Bucking Headwinds but Still Growing
As we sputter through the first half of 2007, the economy continues to overcome obstacles in its path, but the lack of momentum has clearly raised anxiety levels among commentators, the media, and some economists. (5/2/2007)
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