Media Relations

April 1, 2009

New Source for Economic News from Knowledge@W. P. Carey

Economy@W. P. Carey Includes Analysis, Data, Forecasts

TEMPE, Ariz. — Americans may be more interested in financial news right now than at any other time in recent memory due to the recession, the bailout plan, the stimulus plan, the mortgage crisis, the stock market roller coaster and other developments. That’s why Research and Ideas, the online business news and analysis site produced by the W. P. Carey School of Business at Arizona State University, is offering a new tool to help people sort through this complex situation.

The new section called Economy@W. P. Carey offers forecasts, data and analysis from 60 top economists across the western United States. Another dozen economists also offer insight specifically into the Phoenix market.

“We’re making it easy to go to one Web site for a variety of important financial stories, including economic forecasts, unemployment data and timely articles like analysis of where the stimulus money is going,” says research economist Lee McPheters, editor of Economy@W. P. Carey and director of the JPMorgan Chase Economic Outlook Center at the W. P. Carey School of Business. “This makes economic analysis from top economists accessible to the average person.”

McPheters has been involved in economic research for more than 30 years. Economy@W. P. Carey is a portal to economic information and analysis about Arizona, the West and the nation as a whole. Content includes the respected Western and Greater Phoenix Blue Chip Economic Forecasts, now offered for free, as well as links to the Arizona State University-Repeat Sales Index tracking average home prices in the Phoenix area and other economic Web sites across the West.

Right now on Economy@W. P. Carey, readers can learn about:

1. Whether the stimulus plan will really work to create jobs in the best possible industries
2. Which Western states will benefit most and least in terms of jobs from the stimulus plan
3. How the commercial real estate market has started to fall
4. The latest numbers on Arizona unemployment
5. An economic forecast that shows a longer, deeper recession than previously anticipated

Economy@W. P. Carey can be accessed from the home page of Research and Ideasat or by going directly to For e-mail alerts about new Economy and Blue Chip content, subscribe to the Knowledge@W. P. Carey newsletter at

Research and Ideas also features timely news about W. P. Carey School of Business research. The school was recently ranked among the Top 25 schools in the world for business research.

The W. P. Carey School of Business at Arizona State University is one of the top-ranked and largest business schools in the United States. The school is internationally regarded for its research productivity and its distinguished faculty members, including a Nobel Prize winner. Students come from 75 countries and include more than 60 National Merit Scholars. For more information please visit and