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Behind Reid's Bid for a Public OptionWhat prompted the Senate Majority leader's drive to push for an "opt-out" public option plan? Labor unions want at least that much
BusinessWeek Tuesday, October 27, 2009Does long-run purchasing power parity hold in Eastern and Southern African countries? Evidence from panel data stationary tests with multiple structural breaks
This study tests for the long-run purchasing power parity hypothesis for a panel of 17 African economies, all belonging to the Common Market for Eastern and Southern Africa, over the period 1970-2007. This assumption is considered both in its traditional view, that is, the reversion of the real exchange rate (RER) to a constant mean, and in the Balassa-Samuelson view, that is, the reversion of the RER to a constant trend. For this purpose, we use the new panel data stationary test advocated by Carrion-i-Silvestre et al. that accounts for multiple structural breaks and cross-sectional dependence. Finally, our results give strong evidence for purchasing power parity when the Balassa-Samuelson version is considered. This finding supports the view that purchasing power parity is most likely to be found among high inflation less developed countries and non-CFA countries. Copyright © 2009 John Wiley & Sons, Ltd.
Wiley InterScience Tuesday, October 27, 2009U.S. Airlines Industry
Though almost all carriers are expected to post negative earnings in 2009, we favor Southwest Airlines and JetBlue going forward.
Zacks Tuesday, October 27, 2009Asia shares dip, weak oil hits resource firms
HONG KONG (Reuters) - Asian shares followed wall street lower on Tuesday with resources stocks under pressure as the price of oil stayed below $79 and with investors growing increasingly worried about the recovery of the world economy.
Reuters Tuesday, October 27, 2009Apple: How Long a Rally?
Most analysts see further gains in its stock price, but the bigger the company gets, the harder it will be to achieve game-changing growth
BusinessWeek Tuesday, October 27, 2009Standard Life pulls out of mortgage market in £226m sale
Standard life yesterday sold its banking operation to Barclays for £226 million in a move that will be watched for closer ties between the two companies.
Scotsman Tuesday, October 27, 2009B&B aims to sell 'good' assets to help repay £18.4bn government loan
BRADFORD & Bingley, the part-nationalised mortgage specialist, is thought to be studying plans to divide its £50 billion balance sheet into good and bad assets in an effor
Scotsman Tuesday, October 27, 2009Centaur plans to transform old Compaq plant into data centre
AN English property developer is behind plans to turn the former Compaq electronics plant in Ayr into a £25m data-centre.
Scotsman Tuesday, October 27, 2009Russia throws off recession mantle
RUSSIA technically emerged from recession in the third quarter it was revealed yesterday after official data showed economic activity grew 0.6 per cent compared with the prev
Market Watch Tuesday, October 27, 2009Lloyds arm kicks off £400m talks for law firms
LLOYDS Banking Group yesterday said it is in talks to buy a group of patent law firms for £400 million, while it is in the process of raising funds to bolster its balance shee
Market Watch Tuesday, October 27, 20091 2 3 4 5
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