Foxx, Burr Score High on Pro-Growth Scorecard

May 18, 2010

Miller gets lowest ranking in the N.C. delegation

By David N. Bass
May 17, 2010

RALEIGH — A Washington-based group advocating limited government has ranked North Carolina Rep. Virginia Foxx and Sen. Richard Burr, both Republicans, in its top tier of fiscally conservative lawmakers in 2009.

The Club for Growth’s latest congressional scorecard, released Monday, gave perfect marks to nine representatives and six senators on issues such as tax reform, free trade, and deregulation. Foxx garnered 100 percent on the report and Burr 96 percent.

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N.C. jobless rate of 13% forecast

July 7, 2009

BY JONATHAN B. COX – STAFF WRITER
Published: Tue, Jul. 07, 2009 02:00AMModified Tue, Jul. 07, 2009

RALEIGH — Mike Walden, an economist at N.C. State University, predicts North Carolina unemployment will peak at 13 percent in the first quarter of 2010, according to a forecast released Monday.

It will fall through the rest of the year at a faster clip than the nation overall and match the national unemployment rate of 10.3 percent by the end of 2010, Walden wrote. He expects the highest rates in early 2010 in Charlotte and the Triad. The Triangle will have the lowest peak rate.

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BB&T to sell stock, repay TARP money

May 11, 2009

By SARA LEPRO
AP Business Writer
Posted: Monday, May. 11, 2009

NEW YORK Three banks that have received a clean bill of health from the government have announced plans to raise capital to help repay government funds received last fall.

U.S. Bancorp, Capital One Financial Corp. and BB&T Corp. have all announced common stock offerings, proceeds of which will be used, subject to approval, to help repay preferred stock investments the government made as part of the U.S. Treasury’s TARP Capital Purchase Plan.

http://www.charlotteobserver.com/business/story/717796.html


Triad housing market continues to feel economy’s chill

May 4, 2009

Published: May 2, 2009

Sales of existing homes across the Triad dropped 33 percent in March.

The number of sales fell to 742 from 1,107 in March 2008, according to the N.C. Association of Realtors.

The average sales price fell 11 percent to $151,250 for the same period.

On the upside of the report, sales of existing homes improved month-over-month, with the 11-county Triad area reporting a sales increase of 20 percent in March 2009, up from 618 sales in February.

In North Carolina, overall sales mirrored results in the Triad. The number of existing-home sales were down 29 percent in March at 6,054, compared with 8,519 in March 2008. The average sales price fell 8 percent to $195,331.

http://www2.journalnow.com/content/2009/may/02/triad-housing-market-continues-to-feel-economys-ch/business-area/


Number not what is seems; small rise in N.C.’s jobless rate comes with a caveat, experts say

April 22, 2009

By Richard Craver | Journal Reporter

Published: April 18, 2009

The slight increase in the North Carolina’s unemployment rate to 10.8 percent in March may appear a welcome breather given that the rate has doubled in the past year.

However, economists cautioned yesterday that the state . likely hasn’t seen a peak in its unemployment rate, and that the 0.1 percentage-point increase was likely caused by nearly 31,000 people no longer being considered as unemployed.

The increase — reported yesterday by the N.C. Employment Security Commission — continued the streak of setting a new monthly high for the unemployment rate. The commission said that unemployment rates before 1976 were not seasonally adjusted, so it is not comparable to data published in the past 33 years.

When it comes to determining the rate, the commission primarily counts people who are without a job and actively looking for work. For example, the state has had a near doubling of people considered as unemployed in the past year to 492,512 — just a 2,417 increase in March.

http://www2.journalnow.com/content/2009/apr/18/number-not-what-is-seems/news-ncpolitics/


Duke: Obama plan would bring higher rates

March 3, 2009

Climate change-related auction of credits will be ‘carbon tax’ passed on to consumers, Rogers says.

By Bruce Henderson
bhenderson@charlotteobserver.com

Winston-Salem offers lure to leave

February 27, 2009

Eligible workers can get $20,000 incentive to retire by Aug. 31

Published: February 27, 2009

Updated: 01:50 am

Winston-Salem officials, in an effort to save money on salaries and benefits, have offered certain city employees a $20,000 cash incentive to retire by Aug. 31.

The one-time payment is available only to employees who are eligible for full retirement benefits. At least 100 of the city’s employees are eligible, said Martha Wheelock, the assistant city manager.

http://www2.journalnow.com/content/2009/feb/27/270150/city-offers-lure-to-leave/news-local/