Manufacturing in the New York region expanded in June at the slowest pace in seven months as orders and sales cooled.
The Federal Reserve Bank of New York’s general economic index dropped to 2.3 this month, less than the lowest forecast of economists surveyed by Bloomberg News and down from 17.1 in May. Readings greater than zero signal expansion in the so-called Empire State Index, which covers New York, northern New Jersey and southern Connecticut. The last negative reading was in October.
A pullback by American consumers over the past two months combined with a global slowdown means U.S. factories, one of the bright spots of the recovery, may continue to receive fewer orders and reduce production. Fed policy makers meet next week to determine if the world’s largest economy needs further stimulus to boost growth and reduce unemployment.
RALEIGH, N.C. — After a three-hour debate Thursday, the state House approved legalizing natural gas exploration in North Carolina, including a drilling method that environmentalists say could contaminate water supplies.
It is hardly “news” that The News & Observer would go out of its way to “stir the pot” with racist journalism. Can you say “Duke Lacrosse” boy and girls? But seldom has the failing newspaper been so blatant and shameful as it was this week. …. Reporter John Frank links Big Ed’s Restaurant to “Confederacy”. SHAMEFUL even by N&O bottom-feeder standards.
It pays to be a high-level County employee in Dare County. According to a 2009 UNC School of Government Report, our top administrators are some of the highest paid in the state, earning comparable salaries to administrators in some of the biggest counties.
