Category Archives: Economy

What Was the Price of Gas in Salem, VA Thursday, 02.05.2009? (down)


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The gasoline prices at the Shell @ 4th & Union Streets in Salem, VA:

Grade | Price
——– | ——-
Regular | $1.759
Mid | $1.859
Premium | $1.999
Diesel | $2.399
Kerosene | $3.399*

Regular and mid-grade were down 10 cents, and premium was down 6 cents per gallon.

*Kerosene is available at the Citgo across 4th Street from the Shell station.

‘Buy American’ Rider Sparks Trade Debate

The stimulus bill passed by the House last night contains a controversial provision that would mostly bar foreign steel and iron from the infrastructure projects laid out by the $819 billion economic package. A Senate version, yet to be acted upon, goes further, requiring, with few exceptions, that all stimulus funded projects use only American-made equipment and goods.

Proponents of expanding the “Buy American” provisions enacted during the Great Depression, including steel and iron manufacturers and labor unions, argue it is the only way to ensure that the stimulus creates jobs at home and not overseas.

Opponents, including some of the biggest blue-chip names in American industry, say it amounts to a declaration of war against free trade. That, they say, could spark retaliation from abroad against U.S. companies and exacerbate the global financial crisis.

[Read](http://www.washingtonpost.com/wp-dyn/content/article/2009/01/28/AR2009012804002.html?hpid=topnews “Read the Article”) (Washington Post)

Postal Service seeks to stop Saturday mail to help stave off $6bn loss

The United States Postal Service asked Congress for permission to stop delivering mail on Saturdays, citing drastic cyclical conditions as well as the continuing secular decline in “snail mail”.

The move, which would be likely to provoke a backlash from the public, would help stave off projected losses in 2009 of more than 6 billion dollars.

The Postal Service Representative did not estimate how much the Postal Service would save by abandoning the six-day delivery week.

Read (Financial Times)

Mill Mountain Theatre closes, cancels rest of season

[Mill Mountain Theatre](http://www.millmountain.org/ “Mill Mountain Theatre”), once the flagship of Roanoke’s thriving arts and cultural community, is shutting its doors.

The theater, which has large and apparently mounting debts, has cancelled at least the rest of this season. 10 years of debt and declining revenues, most likely attributable to the current economy, made it impossible to continue.

Assuming the theater can meet production costs, the last play will be “Driving Miss Daisy,” which runs through Feb. 8 on the Waldron Stage. The play is scheduled to open tonight.

[Read](http://www.roanoke.com/news/roanoke/wb/191841 “Read the Article”) (Roanoke Times)
[Read](http://www.roanoke.com/news/roanoke/wb/191973 “Read the Article”) (A 2nd article from the Roanoke Times)