Economist Sees Strong Chance of ‘Double-Dip Recession’

Renee McGaw writes in the Denver Business Journal that although the global economy is showing signs of bouncing back, the recovery may be temporary, a senior economist for the Economist Intelligence Unit told members of the World Trade Center Denver on Thursday. “There is a very strong chance of a double-dip recession” in the United States, said Leila Butt, senior editor and senior economist in the East European department of the Economist Intelligence Unit’s (EIU) Country Analysis and Forecasting division.

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Retail Sales up in Aug. for first time in six months

Lauren B. Cooper writes in the Birmingham Business Journal that retail sales – excluding automobile sales boosted by Cash for Clunkers – saw its first gain in six months, a sign consumers may be turning the corner, according to a leading retail group.

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Fed Report: Commercial Real Estate Lending Loosens

Allison Landa writes in NuWire Investor that though a Federal Reserve report finds lending standards are still strict amongst U.S. banks, fewer financial institutions reported tightening up on commercial real estate loans.

According to the July Senior Loan Officer Opinion Survey on Bank Lending Practices, the number of U.S. banks that reported tightening standards on commercial real estate loans was about 45 percent, down from 65 percent in April.

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Survey: Most Americans have Changed their Eating Habits

The Houston Business Journal reports that two out of three adults in the United States have changed their cooking and eating habits because of the economy, according to a new survey conducted by Harris Interactive for Whole Foods Market Inc. The annual Food Shopping Trends Tracker found that 51 percent of Americans are eating dinner at home more often, while 37 percent are budgeting food shopping trips more strictly.

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First Trade finds Explosive Growth Lending to Businesses

First Trade Union Bank’s top executive is a product of big corporate banking and his shareholders are union pension funds. Yet the South Boston bank in the Seaport District isn’t just a blue-collar lender. The bank does some yacht financing and outsources mortgage loan originations to a New Jersey company.

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Tech Lifts Security Capability

J. Bonasia writes at Yahoo Finance that global sales of video surveillance systems are expected to reach $41 billion in 2014, up from $19.4 billion this year, a nearly 15% compound annual growth rate, says ABI Research.

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Text, E-Mail Coupons Growing in Popularity

Katy Bachman of Mediaweek writes that the Sunday newspapers and other print sources are still the leading place Americans turn to for coupons, but text messages and e-mails are gaining in popularity. According to Scarborough Research, 8.6 million (or 8 percent) of U.S. households currently acquire coupons via text messages and/or email.

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NRN Reports that QSR’s are Herding Beef onto Breakfast Menus

Steve Coomes writes in Nation’s Restaurant News that a lot of it is showing up on breakfast menus at chain and independent quick-service restaurants determined to appeal to value-conscious customers at the daypart that kick starts their day. Long the domain of sausage, bacon and ham, an increasing number of breakfast wraps, burritos, biscuits and omelets are coming over the counter studded with strips and shreds of steak.

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