NEWS
By Jane Engle | July 26, 2009
Talk about fireworks. In a burst of post-Fourth of July sales, Southwest Airlines turned the clock back with 1990s fares, a major hotel group extended a free-nights deal and luxury cruise lines pitched high prices overboard. With many bargains good through autumn and into 2010, now is the time to take a break from the beach and book a trip ahead - far ahead. You might save hundreds. The latest price-slashing began just days after the U.S. government said unemployment edged up in June, adding to worries that the recession could extend into 2010 and beyond.
NEWS
By Paul Weinstein Jr. and Marc Dunkelman | May 26, 2009
The Obama administration has been right to focus much of its energy on re-capitalizing the nation's banks. Renewed growth depends largely on an end to the credit crisis. But for all the focus on Wall Street, the way out of the current recession may depend more on Main Street. Analysis of the nation's economic history reveals that the housing market's resurgence has led a wider turnaround in five of the last seven recessions. So a renewed focus on pumping up home-buyer demand may be worth additional attention from Washington.
NEWS
March 26, 2009
On stock market reaction to President Barack Obama's bank bailout plan: I agree with you that the markets are not the best indicator of whether or not a policy is wise. It worries me that many pundits cede ultimate authority to "the market" as if it were some impersonal deity acting without self interest. Some public policy decisions may be good for Main Street and not good for Wall Street - and vice versa. They need to be looked at in their entirety over time. Posted by: Teresa Kopec - March 23 On the tiny fraction of federal dollars spent on train security: What cost safety?
NEWS
By Lorraine Mirabella | February 21, 2009
Increased demand for some General Motors trucks has helped General Motors' Powertrain Baltimore Transmission Plant avert a weeklong shutdown that was to have started Monday, a local spokesman for the plant said yesterday. The spokesman, John Raut, had said last month that the plant was planning to shut down and temporarily lay off all of its hourly workers for the week. The plant employs 238 people. But demand for some company vehicles has improved, including the Chevy Silverado and Sierra pickup trucks, for which the Baltimore plant makes six-speed automatic transmissions, Raut said yesterday.
NEWS
By JAY HANCOCK | November 2, 2008
A reader asks: Could you explain what is bad about deflation? I understand why inflation is bad, and I presume that deflation is the opposite of inflation. If so, why is it bad if my money is increasing in value rather than decreasing? The short answer is that deflation, like inflation, can kill demand and productive economic growth. Deflation is a persistent and broad decrease in prices. It arrives when there is too much supply, especially of capital goods, and too little demand. (The real estate market, with 11 months' supply of empty homes trying to get sold, is the primo example.
NEWS
By FRANK ROYLANCE | October 3, 2008
September ended this week warm and wet. BWI was 2 degrees above the long-term average, despite a cool second half. We had four days in the 90s, two in the 60s. Hanna and last weekend's Atlantic storm pushed BWI rain totals 3.24 inches above the norm, to 7.22 inches. The cooling season is almost over, with cooling degree days - a measure of energy demand - running 4.5 percent above the 30-year average.
NEWS
By Mary Gail Hare | July 27, 2008
Ridership has increased on the MARC train's Penn Line from Perryman to Washington by nearly 25 percent this year. To meet demand, three new trains have been added, and the service is looking to add to its fleet of bi-level passenger cars. But, while more people are taking the train from Aberdeen, fewer are finding nearby places to park. "Parking is a nightmare," said R.V. Scott, who commutes from Aberdeen to a job in Washington. "I sometimes park on the grass. I have gotten ticketed. I have missed the train several times while looking for a space, and then I am late for work.
NEWS
By Mary Gail Hare | May 18, 2008
The Harford County Center for the Arts is making plans to live up to its name. Organized three years ago to build a home for the arts, the nonprofit group now has the results of a recently completed feasibility study to bolster its cause. Members are searching for a location with about 22 acres, and are raising money. Preliminary estimates say it will cost about $52 million, excluding land and site development, to construct a facility that would house theaters, rehearsal halls, galleries, classrooms, a museum, a visitor's center and conference areas.
NEWS
By New York Times News Service. | March 9, 2008
LAWTON, N.D. -- Whatever Dennis Miller decides to plant this year on his 2,760-acre farm, the world needs. Wheat prices have doubled in the past six months. Corn is on a tear. Barley, sunflower seeds, canola and soybeans are all up sharply. But the prices that have renewed Miller's faith in farming are causing pain far and wide. A tailor in Lagos, Nigeria, named Abel Ojuku said recently that he had been forced to cut back on the bread he and his family love. Everywhere, the cost of food is up sharply.
NEWS
By HANAH CHO | March 5, 2008
Whether or not the economy is in a recession right now, workers are starting to feel weary about job security and professional prospects. But there is a sliver of good news out there. Several industries are resistant to the ills of a slowing economy, according to John A. Challenger, chief executive of Challenger, Gray & Christmas, a Chicago outplacement firm. The credit crunch and a slumping housing market have brought depressing job news from manufacturing, retail, construction and the real estate sectors.