EconWatch.com > SC economy worsens
[TheState.com: SC Politics] The board Monday lowered its estimates of the state’s expected revenue. The decision means $140 million will have to be cut from the state’s $7 billion budget.
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[The Deal Newsweekly] When the going gets tough: Adds CreditSuisse's Jacob, "We've done very well this year in what we categorizeas restructuring finance, which is rescues, DIPs and exits.Notwithstanding the lousy market conditions for new issues, we are busyand expect to get busier." At UBS, Smith says his group is active dueto "pockets of issues" in sectors including housing, auto suppliers andairlines.
[fitsnews For Now] Welcome To South Carolina: Forget market principles and growing the economy, South Carolinas GOP majority continues to sacrifice those conservative ideals in favor of more regulation and more government. ShareThis.
[AARP Bulletin Today] Diving back into the job pool SC stay-at-home moms, retirees ...: Those who monitor employment trends attributed that jump to people such as Ouzts, who are re-entering the job market because of economic pressure on their household budgets.
[thestate.com: State and Regional - Wire] SC board OKs $10M in grants, overrules gov's bid: Legislators have left open the possibility of a one-day special session before November, agreeing to return to deal with budget shortfalls should the economy worsen or if the governor vetoes an agreement for funding the November .
[Your Digital 4 U] East Bay Express | Music | Is Hip-Hop Too Materialistic?: In his final address to hundreds of thousands of young Catholics gathered in Australia, Pope Benedict XVI sharply criticized the violence and materialism of the modern age.
[Nemdil World News] Nemdil - Betancourt says Uribe should soften his tone with FARC -: NEW YORK (AP) - NBC is using the Olympics as a "billion-dollar research lab" to get a sense of how people are using different media platforms to experience the Beijing Games that begin Aug.
[Regularblackguy's Weblog] Random Black Guy Post July 19, 2008: Senator John McCain spoke to the NAACP on Wednesday, praising the organization and his Democratic rival, while offering a package of education reform to the mostly black audience. But McCain is still facing an uphill climb to win votes in the African American community.
[World At Stage of Destruction] BUSH CRIMINAL AT LARGE: High-level discussions among top advisers have escalated in the past week, with the most senior administration officials in continuous talks about the future of the prison camp at Guantanamo Bay-and how it will be dramatically changed and/or closed in the wake of the Supreme Courts ruling that gave detainees there access to federal courts.
[Sorleys Blog] How to Raise Children Properly: Reuters - The U.S. economy needs months to recover from its slowdown, but the banking system remains sound despite a home mortgage crisis that could cause more problems, Treasury Secretary Henry Paulson said.
[Deal Watch - The Blog] Nelson Mullins' Ryan: regulators expect some banks to fail this year: Deal Watch Blog spoke with Nelson Mullins Riley & Scarborough partner Brennan Ryan about the state of the banking industry. Ryan, whose clients have included Congaree State Bank of South Carolina and Atlantic Southern Bank of Macon, .
[Salams Blog] Disney Timeshares: Britain's economic downturn is worse than previously thought and AFP - Britains economic downturn is worse than previously thought and there is no extra money available for public spending, finance minister Alistair Darling said in an .
[SWJ Blog] 8 July SWJ News, Op-Ed, and Events Roundup: Indias prime minister went to the Group of 8 summit meeting in Japan on Monday with his government intact and enough political strength to complete a landmark nuclear agreement with the United States, ending months of speculation that either his government or the agreement, on which he has staked his reputation, would collapse. The prime minister, Manmohan Singh, told reporters traveling with him to the summit meeting that his administration would “soon” complete an agreement with the International Atomic Energy Agency in Vienna, though he did not offer a date, his spokesman, Sanjaya Baru, said here.
[Ohio Democratic Party Blog] Morning News: Not since at least 1980, when the United States was reeling from the oil shocks, inflation and slow growth of the previous decade, has the economy been in worse shape heading into the heart of a presidential campaign. The crush of bad economic news —
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