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NEWS
June 21, 2012
I was riding in a van near York, Pa. last week when one of the passengers pointed with pride to a giant new facility owned by a major grocery chain and announced, "That's going to be their regional distribution center. It will be fully-automated, requiring only about 10 people to keep it running day and night. It will replace a distribution center that requires more than 100 workers. " Wow, I mused, so this is how businesses create jobs. Hire 10 techies so they can fire 100 laborers.
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NEWS
By John Fritze and The Baltimore Sun | February 14, 2014
President Barack Obama will travel to Prince George's County on Tuesday to deliver remarks on the economy, a White House official said Friday. The trip will mark the fourth time Obama has visited Maryland in as many weeks. The president has spoken twice in Prince George's County since his State of the Union address on Jan. 28 and traveled to the Eastern Shore on Friday to speak with House Democrats attending their annual retreat. The White House provided no additional details about the nature of the president's speech.
NEWS
November 21, 2013
Peter Morici's blames President Barack Obama and the Federal Reserve for failure to avert a "brewing economic crisis" without even mentioning the Republican House's refusal to even consider the jobs bills and any proposals that would spur economic activity ("Another economic crisis is brewing," Nov. 19). Professor Morici might at least note that each House refusal to spend, including even the chamber's stall of the Farm Bill that would force $40 billion in food stamp cuts, takes potential spending money from the middle class and poor, and continues the post-stimulus' four-year stall of anything that may help the economy.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | October 23, 2010
Maryland has endured a bruising recession better than many other states, but voters here are still wary over the economy and personal finances, and could punish incumbent politicians at the ballot box next month, a Baltimore Sun survey shows. The Sun survey of 798 likely Maryland voters showed that nearly two-thirds worry about their finances — and one in four say they fret about money every day. More than half of voters say the performance of the economy will influence their voting decisions.
NEWS
By Andrew L. Yarrow | December 22, 2010
It's become a commonplace to equate Americans' sour mood with economic hard times, at least since Bill Clinton's "It's the economy, stupid" in 1992, and before that Jimmy Carter's 1979 "crisis of confidence. " Indeed, the nation's current unhappiness and anger are widely attributed to the worst economy since the Great Depression. After all, weren't happy days here again, at least for many, in Ronald Reagan's mid-1980s and President Clinton's late 1990s? And, who rightfully wouldn't be unhappy if they lost a job, took a pay cut, watched the stock and housing markets collapse, and saw their benefits dwindle?
BUSINESS
November 20, 1991
Analysts say the recent volatility in the stock market can be blamed in part on investors selling stocks because they are nervous about the economy.The Evening Sun wants to know how you feel about the stock market and about the economy. Are you very confident, somewhat confident, or not at all confident about the market and the economy?Call SUNDIAL, The Baltimore Sun's telephone information system, on a Touch-Tone phone. The call is local, and answers will be registered between 10 a.m. and midnight.
BUSINESS
November 26, 2009
CHICAGO - Millions of Americans are spending the holiday at home, saying the poor economy has made it unaffordable to hit the road or board a plane. Nearly 38 million people are expected to take trips this year, slightly more than last year but 20 million fewer than in 2005 when the economy was better, according to AAA auto club. Air travel is expected to drop 6.7 percent this holiday compared with last year, AAA said. - Associated Press
NEWS
September 29, 2011
Since 55 million retirees have received no cost of living increases for the last two years it only seems fair to freeze all government and elected officials' salaries until jobs in the private sector grow and tax revenues increase. Moreover, there should be no bonuses for government employees until the economy becomes healthy enough to increase tax revenues. These are ominous times and really tough decisions are needed. Printing and borrowing more money is not the answer. Bill Huppert
NEWS
December 27, 2011
Your Dec. 22 editorial "The GOP tax hike" could just as easily have been titled "The Democratic tax hike," with the sub-headline: "By rejecting the House's tax-cut extension for one year, which President Obama asked for, the Senate put the U.S. economy at risk. " This would have been a failure of both parties - not to mention a total lack of leadership and involvement by the president. Lyle Rescott, Marriottsville
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