Don’t worry about inflation or oil spikes: The economy is recovering, which will accelerate as the housing market picks back up, but expect unemployment to decline slowly. That was the word from economists David Berson and James Smith at the April 21 Economic Crystal Ball seminar at UNCA.
Kit Cramer came on board as the Asheville Area Chamber of Commerce’s president and CEO last fall. Xpress sat down with her recently along with Ben Teague, the Chamber’s senior vice president for economic development. They discussed the organization’s new long-term strategic plan for business development as well as the controversy over the Asheville group’s […]
It is deeply distressing that during this time of economic recession a few very wealthy people in this country are growing enormously wealthier while millions of other people battle to hang onto jobs, homes, life-assets and retirement savings. The very rich are getting much richer, while large numbers of Americans are falling from the middle […]
About 50 local business owners gathered over grilled chicken yesterday for a discussion about property values and the state of Asheville’s economy. The monthly “Power Lunch Meeting” was sponsored by the Council of Independent Business Owners and featured a panel of city, county and business leaders, including County Tax Collector Gary Roberts, County Attorney Michael Frue, Asheville City Manager Gary Jackson and the owner of Spake Real Estate, John Spake.
Mountain Xpress employees will see an across-the-board pay cut of 5 to 10 percent effective Jan. 1, owner and publisher Jeff Fobes announced Dec. 19. The Asheville-based weekly has seen a recent decline in both classified and retail advertising, Fobes said. The corresponding decline in revenue, which is likely to extend into 2009, has forced […]
The mayors of North Carolina’s 26 largest cities released a list of “shovel-ready” projects Friday, saying the construction of roads, public buildings and other infrastructure projects would create 100,000 jobs. Asheville’s list of ready-to-go infrastructure ranged from a $4 million Hendersonville Road sidewalk project to $80,000 for bike racks and lockers. Upgrades to city parks […]
If economists and retail analysts are to be believed, this holiday shopping season is setting up to be a grim one, thanks to a baleful economy and a precipitous drop in the Consumer Confidence Index, which hit an all-time low in October and is not expected to improve much, if at all, by Christmas. Still […]
“I remember eating corn bread and milk every night for dinner.” Such was the snippet of secondhand conversation surreally overheard recently. The speaker, a resplendently dressed elderly woman, was having lunch with her daughter outside a Grove Arcade eatery. It was one of those perfect autumn days, warm with a cool breeze, the city skyline […]
On what was supposed to be an off week for City Council, it will convene nonetheless in a special meeting to address concerns over local gasoline supply and, more ominously, the potential impacts to the city from the current financial-market meltdown.
Though it’s not over, Rep. Heath Shuler cast a ‘no’ vote on a $700 billion bailout plan on Sept. 29 that supporters say is necessary to stem the economic crisis caused by the implosion of the U.S. financial industry.
When the mercury hit 90 in June, my green tin roof popped and pinged. The sound sent me reaching for a glass of ice-cold tea, though if I were more Southern belle and less teetotaler, I might have called for a fan and a mint julep. If I were more hip, I’d demand a mojito, […]
Two economists delivered an annual assessment of the Asheville metro area’s economy on July 23, 2008. Despite the longest-running financial panic in the U.S. since the Great Depression, Asheville and its strong health-services and tourism sectors continue to see sustained economic growth, two economists said Thursday night. Tom Tveidt, director of the Asheville Metro Business […]
Despite the longest-running financial panic in the U.S. since the Great Depression, Asheville and its strong health-services and tourism sectors continue to see sustained economic growth, two economists said Thursday night.