Newsday
Associated Press
Tiny Iowa town has the chargers, awaiting drivers
Tiny Elk Horn, Iowa, has plenty of electric car chargers - but cars might not make it to town
By The Associated Press MELANIE S. WELTE
20 November 09
Americans have been slow to transfer their loyalty from the internal-combustion engine, and plug-in hybrids and electric cars make up less than 1 percent of vehicles on U.S. roads. One of the biggest factors slowing growth is "charge anxiety" — the fear of running out of juice and being stranded, said Phil Gott, director of automotive science and technology for the research company IHS Global Insight.
But concerns about global warming and our dependence on foreign oil are expected to push electric-powered vehicles to 2 percent of those on the road by 2015 and 30 percent by 2030, Gott said.
The Scotsman (UK)
Comment: New threat to recovery is irrational conservatism
By Martin Flanagan
20 November 09
Howard Archer, chief UK economist at IHS Global Insight, says the latest data "will maintain the concerns of the Bank of England's monetary policy committee that muted bank lending to businesses remains a significant threat to the strength and sustainability of any recovery".
Detroit Free Press
Stronger Hyundai, Kia aren’t likely to fade soon
By Mark Phelan
20 November 09
"Hyundai is now the equal of the top Japanese companies," said Aaron Bragman, research analyst in the Troy office of IHS Global Insight.
IHS predicts Hyundai’s U.S. sales surge will continue from around 762,000 this year — 12.8 percent above 2008 — to 826,000 in 2010 and more than a million in 2011.
"The people who are most concerned about Hyundai are not the (U.S.) domestic automakers, but Toyota and Honda," Bragman said. "Hyundai’s big gains have been in the passenger-car market. That’s Toyota’s bread and butter."
The Independent (UK)
Borrowing to exceed Darling's worst forecast
By Sean O'Grady, Economics Editor
20 November 09
Howard Archer, chief economist at Global Insight, said: "The figures are dismal. At the current rate of deterioration, the public borrowing requirement is heading for around £215bn in 2009 to 2010. Not only will major, extended public spending cuts have to occur to get the public finances back to a sustainable state, but it seems inevitable that these will have to be accompanied by serious tax hikes."
Providence Journal
R.I. jobless rate dips, but 73,000 are still out of work
By Cynthia Needham
20 November 09
Michael Lynch, a regional economist for IHS Global Insight, the economic forecasting and analysis firm, reiterated those warnings, calling it "a dangerous thing" to rely too heavily on one month's numbers.
...."But on a month-to-month basis, you will always see a lot of volatility," said Lynch of IHS Global Insight.
"You will see a month where jobs losses really soften, or where unemployment really [dips], but that doesn't account for or reverse what is really a very clear trend we've been seeing up until this point: We don't see immediate improvement coming into the U.S. economy, and that will weigh on Rhode Island as well."
Daily Mail (UK)
LENDING TO BUSINESS DROPS BY RECORD RATE; DAILY MAIL REPORTER
20 November 09
Howard Archer, chief UK economist at the consultancy IHS Global Insight, said the figures are worrying if businesses cannot get vital access to cash. He said: 'It maintains concerns that persistent tight credit conditions could stifle economic recovery.'
Boston Globe
Argument for rate caps
By Steven Syre
20 November 09
Some warn of unintended consequences. “You try to dam one part of the river and water will flow somewhere else; they’ll try to capture fees,’’ says economist Brian Bethune of IHS Global Insight. But those consequences wouldn’t be so serious if regulators did their jobs.
The Scotsman (UK)
Britain's 'lost generation' as three million unemployed by next year
By Gerri Peev
20 November 09
Howard Archer, chief European economist at IHS Global Insight, said that the tight credit conditions, together with high unemployment, low earnings growth, rising debt, and worries about the economy, will weigh against future growth in spending.
Wall Street Journal
U.K. Retail Sales: Recession Ending?
By Neil Shah
19 November 09
“We see the latest retail sales data as pretty encouraging and supportive to expectations that the economy will grow in the fourth quarter,” said Howard Archer, chief U.K. and European economist at IHS Global Insight in London, in a note.
MarketWatch (Dow Jones)
European Union names Belgium's Van Rompuy first president
By William L. Watts, MarketWatch
19 November 09
Most European leaders agree "that the E.U. needs to streamline its operations to improve consistency and efficiency in key areas. However, the new posts will chip away at the responsibilities of figures such as the president of the European Commission and the governments that hold the rotating E.U. presidency," according to Grace Annan, an analyst at IHS Global Insight.
Boston Globe
Associated Press
Dollar gains as homeowners, job-seekers struggle
By Martin Crutsinger and Tali Arbel, AP Business Writers
19 November 09
"We had thought for some time that the markets were running ahead of the fundamentals in terms of how confident they should be about a global recovery," said Nigel Gault, an economist at IHS Global Insight, a private economic forecasting firm.
Gault said the next major move for the dollar could be to climb higher by the middle of next year as a stronger economy leads the Federal Reserve to begin to boost U.S. interest rates.
The dollar isn't expected to strengthen against all currencies next year. Gault predicted it would weaken against the Chinese yuan and the currencies of other emerging market countries such as Thailand and South Korea.
The Guardian (UK)
Barack Obama: Iran faces fresh nuclear sanctions within weeks
By Ian Black, Middle East editor
19 November 09
Gala Riani, an analyst at thinktank IHS Global Insight, said: "The deal has been viewed as an important exercise in confidence building, given in particular that it is the product of the first direct negotiations including Iran and the United States for some time."
Detroit News
Ex-czar gives Chrysler take
By David Shepardson
19 November 09
Rebecca Lindland, an auto analyst with Massachusetts-based IHS Global Insight, agreed that Chrysler needed to replace its private equity management but said the jury is out on the Fiat-Chrysler tie-up.
"It's going to be a really big challenge for them over next few years," she said.
