The Big Three Automakers will be submitting this week to Congress their detailed plans on how they will use government funds to turnaround their companies. The New York Times reports that GM…
Tag: Economy
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It’s time to think about something other than your shrinking stock portfolio, Sarah Palin’s glasses, the Obama family’s new dog and who is trying to block the Community Maritime Park now. Let…
Another mill shuts down
This one is in Panama City. According to the Herald Tribune, the Smurfit-Stone Container Corporation will suspend operations on Nov. 22. In March, the Panama City mill was named the 2007 containerboard…
Monroeville mill lays off 300
Georgia-Pacific will close its plywood mill north of Monroeville in mid-January, indefinitely laying off close to 300 workers. The lowest housing starts in more than 20 years were blamed for the idling…
Bush leads US into socialism
The federal government is now invested in the banking system, to the tune of $250 billion. For months, I’ve heard Republicans complain that Barack Obama would lead this country into socialism. However,…
Five reasons for economic woes
Robert Trigaux of the St. Pete Times came up with these five reasons for our current economic troubles: 1. Ratings chicanery by groups like Moody’s and Standard & Poor’s. Some of the…
Our entire economy is in danger
Those are the words of President George W. Bush who gave a remarkable address to the nation last night (Read more). After weeks of saying otherwise, Bush has raised the financial crisis…
U.N. worries about our economy
The Miami Herald reports Latin American leaders have urged the U.N. to create stronger international economic institutions to help ward off the worldwide impact of “freewheeling money-making” in our country that has…
Victim of economy slowdown
Miami Herald reports on how the slow economy – dare we say recession? – is hurting furniture stores. The plummeting housing market, credit crisis and declining consumer confidence have helped to put…
Inflation surges
Prices for the past year are rising at the fastest pace in 27 years. Labor Dept. reports wholesale inflation soared in July. Wholesale prices are up 1.2 percent in July, thanks to…
Moby fails to see how growth works
Mark O’Brien doesn’t understand how growth works. It’s this statement in his Sunday column that has got me thinking: The pooh-bahs of Pensacola can promote downtown all they want, but Nine Mile…
Okaloosa counts on military to weather recession
The Daily News reports a study released by Enterprise Florida concluded that military spending remains one of the state’s leading growth industries. It’s particularly valuable to Northwest Florida, where defense-related spending accounts…