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Economic take-off
4.350 documents for Economic take-off
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Out at a new quiet crossroads community southeast of Petersburg is a not so well kept secret. You may not see driving past U.S. 460 or Interstate 295, but nestled among more than a 1,000 acres is a construction site that is well on its way to becoming one of the world's most advanced manufacturing centers. Behind a buffer of thick forest, global aerospace giant Rolls- Royce PLC's Crosspointe factory complex is taking shape at a rapid pace one year after the official groundbreaking ceremony.
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WASHINGTON -- A corollary of Murphy's Law ("If something can go wrong, it will") is: "Things are worse than they can possibly be." Energy Secretary Steven Chu, an atomic physicist, seems to embrace that corollary but ignores Gregg Easterbrook's "Law of Doomsaying": Predict catastrophe no sooner than five years hence but no later than 10 years away, soon enough to terrify but distant enough that people will forget if you are wrong. Chu recently told the Los Angeles Times that global warming might melt 90 percent of California's snowpack, which stores much of the water needed for agriculture. This, Chu said, would mean "no more agriculture in California," the nation's leading food producer. Chu added: "I don't actually see how they can keep their cities going.
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It's taken a while, but the last pieces are finally being assembled for the downtown Blacksburg economic engine to take off. The town itself has invested heavily in its core, redesigning Main Street, recreating the Farmers Market, restoring the Blacksburg Motor Co. building and preserving the Odd Fellows Hall, among other projects. Vroom, vroom.
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When workers become more efficient, it's normally a good thing. But lately, efficiency has acted as a powerful brake on job creation. And the question of whether the recent surge in productivity has run its course is the key to whether job growth is finally poised to take off. One of the great surprises of the economic downturn that began 27 months ago is this: Businesses are producing only 3 percent less goods and services than they were at the end of 2007, yet Americans are working nearly 10 percent fewer hours, because of a mix of layoffs and cutbacks in the workweek.
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By using incentives like hiring credit or sales tax credits the enterprise zones can harness the entrepreneurial spirit of our state and help draw business investment to economically depressed areas. Enterprise zones lead to more jobs, less poverty and long-term economic stability," he added. "This is going to allow the economic structure in [Compton] to take off," said Compton Mayor Pro Tem Isadore Hall. "It's great for the residents, for the city's economic strength and vitality and the overall rebirthing and revitalizing of our community," he said.
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Instead the House backs manufacturing incentives aimed initially at bribing the Ford Motor Co. to maintain its plant near Kansas City against competition from other "job-hungry" states. Rep. Tim Flook, R-Liberty and chairman of the House Job Creation and Economic Development Committee, says if Missouri is not willing to take off the white gloves and fight other states, we "will be in decline as other states use incentives to cannibalize" existing business. Ford says there are no plans to close or scale back the plant, yet the House gives overwhelming preliminary approval for an expensive handout that also would apply to countless other companies in the state and probably produce a flood of solicitors.
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It has finally come to this. The Super Bowl, America's too-much- ain't-enough quasi-holiday is feeling the pinch of the recession. For the first time in its XLIII-year history, there has been a drop in ticket prices, with seats in the nosebleed section going for $500 instead of last year's $700. (Top ticket prices are up to a record $1,000 each, however.)
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When workers become more efficient, it's normally a good thing. But lately, it has acted as a powerful brake on job creation. And the question of whether the recent surge in productivity has run its course is the key to whether job growth is finally poised to take off. One of the great surprises of the economic downturn that began 27 months ago is this: Businesses are producing only 3 percent less goods and services than they were at the end of 2007, yet Americans are working nearly 10 percent fewer hours, because of a mix of layoffs and cutbacks in the workweek.
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... determined to become the world's next economic superpower. . In attracting FDI, China has remaine...
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American foreign policy must not take its eye off Latin America. The sheer economic growth of these emerging markets, with their vast resources and human capital, has caught the attention of the largest markets in the world. Similarly, America's vital interests have been threatened by the growing intervention in our hemisphere by some of our most dreaded adversaries, namely Islamic fundamentalists and Marxist regimes. We have already seen that those that seek to harm our interests are allied with drug operators and weapons smugglers, who present a clear and present danger to our way of life.
