So as I did before I will just show you some of the headlines of recent (within the last week) stories found in the AD Gazette. After you read these, then maybe you will want to ask LR city hall why they think raising our city sales tax 3 fold is still a GOOD idea...
* U.S. consumers catch the blues
Confidence at 30-year low over job weakness, erratic stocks
By DEMOCRAT-GAZETTE STAFF FROM WIRE REPORTS
* Business news in brief
By DEMOCRAT-GAZETTE STAFF AND WIRE REPORTS
LITTLE ROCK -- LITTLE ROCK — QUOTE OF THE DAY
“Combined with some of the other indicators we’ve been looking at, including state sales-tax figures, what we’re seeing is a clear slowdown in the pace of expansion, at least since the second quarter of this year.”
Michael Pakko,
* Costlier LR-area water on way
Utility expects to raise rates in ’13, making big users pay more
By Kristin Netterstrom
* Duke Energy CEO warns Southern governors of costlier energy
By: ASSOCIATED PRESS
* Modest raises in 2012, survey says
By TALI ARBEL THE ASSOCIATED PRESS
* LR area below US average in mean wages, report shows
By ArkansasOnline
* State’s jobless rate edges up to 8.2%
By Toby Manthey
* Acxiom slump pinned on fear
2 say recession dread saps stock
By Toby Manthey
LITTLE ROCK -- LITTLE ROCK — Shares of Little Rock-based Acxiom Corp. started out this week on a sour note, falling Monday to $8.94, the lowest they’ve been since the fall of 2009.
In the past 52 weeks, shares of the Little Rock-based marketing-services company have traded as high as $18.83, but the stock has been on a downward trajectory since March.
* Acxiom slump pinned on fear
2 say recession dread saps stock
By Toby Manthey
LITTLE ROCK -- LITTLE ROCK — Shares of Little Rock-based Acxiom Corp. started out this week on a sour note, falling Monday to $8.94, the lowest they’ve been since the fall of 2009.
In the past 52 weeks, shares of the Little Rock-based marketing-services company have traded as high as $18.83, but the stock has been on a downward trajectory since March.
* Early mortgage delinquencies jump
By DEMOCRAT-GAZETTE STAFF FROM WIRE REPORTS
and then there is this......
and then there is this......
Growth in GDP only 1% in spring
It falls in revision; consumers glum
By DEMOCRAT-GAZETTE STAFF FROM WIRE REPORTS
WASHINGTON -- WASHINGTON — The U.S. economy grew at a meager 1 percent annual pace this spring, slower than previously estimated, the Commerce Department said Friday.
Fewer exports and weaker growth in business stockpiles led the government to lower its growth estimate for the April-June quarter from the initial 1.3 percent rate.
The economy expanded only 0.7 percent in the first six months of the year.
Then there is this one that I thought fit well with the brilliant proposal by LR city hall and the big time economist at Arkansas Business that the residents of LR have their taxes tripled to pay for the development of the jobs for people WHO DO NOT LIVE IN LR....and will not pay those taxes either!!!!
* U.S. firms silent on exported jobs
Call for numbers grows as companies push for tax breaks
By JIA LYNN YANG THE WASHINGTON POST
LITTLE ROCK -- LITTLE ROCK — Some of the country’s best-known multinational corporations closely guard a number they don’t want anyone to know: the breakdown between their jobs in the United States and abroad.
...but hey, if it is good enough for these U.S. multinationals...then it is good enough for LRCH and AR Business!!!
But in these highly uncertain economic times Little Rock city Hall and the guys over at Arkansas Business (thus the COC) think we should not just raise our taxes to just cover our present shortfall...NAAAA, that is not good enough for them; we need to TRIPLE our taxes for a $500 million ...$todola Mega Tax Monster!
And today's story from KATV......
OMAHA, Neb. (AP) - An economist says an August
economic survey in nine Midwest and Plains states suggests slow to no
growth in the region, but not a return to recession.
The survey report released Thursday says the Business Conditions Index dropped to 52 in August from 54.1 in July.
Creighton University economist Ernie Goss oversees the report. He says that despite healthy economic growth tied to agriculture, the region is being harmed by cuts in business, consumer and local governmental spending.
The survey of supply managers and executives uses a collection of indexes ranging from zero to 100. Any score above 50 suggests growth while a score below 50 suggests decline for that factor. The states are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
And there is....
Gasoline close to record high before Labor Day
APBy CHRIS KAHN - AP Energy Writer | AP – 2 hrs 4 mins ago
And today's story from KATV......
Survey shows sluggish Midwest, Plains economy
Posted: Sep 01, 2011 5:20 AM Updated: Sep 01, 2011 5:20 AMThe survey report released Thursday says the Business Conditions Index dropped to 52 in August from 54.1 in July.
Creighton University economist Ernie Goss oversees the report. He says that despite healthy economic growth tied to agriculture, the region is being harmed by cuts in business, consumer and local governmental spending.
The survey of supply managers and executives uses a collection of indexes ranging from zero to 100. Any score above 50 suggests growth while a score below 50 suggests decline for that factor. The states are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
And there is....
Gasoline close to record high before Labor Day
APBy CHRIS KAHN - AP Energy Writer | AP – 2 hrs 4 mins ago
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