economy
Helene damages exceed $53 billion
Oct. 24. Hurricane Helene packed an economic wallop when it hit Western North Carolina, unlike any previous storm. Gov. Roy Cooper’s budget proposal calls for $3.9 billion just to begin rebuilding infrastructure, homes, businesses, schools and farms. Initial damage estimates are $53 billion, roughly three times Hurricane Florence estimates in 2018 and the largest in […]
Newsmakers Breakfast: Economic outlook Q&A over breakfast Feb. 9
Feb. 3. The US officially hit the technical debt limit on Jan. 19, prompting the Treasury Department to begin using “extraordinary measures” to to avert a first-ever US default. Meanwhile, the Federal Reserve Board has raised interest rates again, albeit less aggressively than during the past 11 months. Inflation has dropped from about 9 percent […]
‘Economic Outlook’ is the topic at Newsmakers Breakfast Feb. 9
Jan. 27. Does a recession loom in 2023? Because of steady in-migration, is North Carolina at least somewhat immune? What about the debt ceiling? These questions and more will be answered at the Economic Outlook Newsmakers Breakfast Feb. 9 with noted Wells Fargo economist Jackie Benson at The Peninsula Club. Newsmakers Breakfasts are open-forum Q&As […]
Cities in the Carolinas among best for recent grads
May 20. Got a new graduate in the family and worried about how hard it will be for them to find a good job? The Charlotte region is a good job market compared to much of the rest of the nation, but Durham and Raleigh are better. Durham came in at No. 9; Raleigh at […]
Move over Beverly Hills
March 3. Nice job, Cornelius! Collectively, 28031 has a higher credit score than Beverly Hills 90210. So says a new national survey of more than 2,500 cities and towns across the country. With an aggregate credit score of 740, we beat not just Beverly Hills (722), but Huntersville (736) and Concord (675), according to WalletHub, […]
LKN Chrysler plans major expansion on Chartown
Dec. 15. Lake Norman Chrysler Dodge Jeep has filed an application to build a new showroom—complete with an off-road driving experience—on 30 acres on Chartown Road along I-77. The Cornelius-based company will invest more than $17 million in the project, according to owner Jack Salzman. Ground-breaking is tentatively scheduled for March or April of next […]
Op-Ed: Congress must extend unemployment benefits
OPINION. July 23. By Gov. Roy Cooper. Next week, thousands of North Carolinians who are out of work due to COVID-19 will see a drastic reduction in their unemployment benefits despite this pandemic being far from over. The additional $600 a week unemployed workers have received from the Federal Pandemic Unemployment Compensation program has been […]
