Category Archives: Economy

North Carolina Fights to Save Furniture Business

The furniture business is big in North Carolina, but it’s also changing. The state is fighting competition from overseas factories — and some in the United States, as well.

Listen (NPR)

The Martinsville, VA area continues to suffer. It was [announced](http://www.wsls.com/servlet/Satellite?pagename=WSLS%2FMGArticle%2FSLS_BasicArticle&c=MGArticle&cid=1173350171549&path=!news!localnews “WDBJ7’s article about the layoffs”) last month that more than 600 people in the area will be laid off in a 3-month period.

What Was the Price of Gas in Salem, VA Thursday, 04.05.2007?

Thursday, the gasoline prices at the BP @ Apperson & Colorado in Salem, VA were:

Grade Price
Regular $2.559
Mid $2.699
Premium $2.859
Diesel $2.799
Kerosene $2.699

Regular gas increased 6 cents per gallon today. Mid-grade gas increased 10 cents per gallon today. Premium increased 16 cents per gallon today.


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Rural Virginia Localities Face Aging Work Force Challenge

Population and aging trends suggest that many rural Virginia communities will find it increasingly difficult to provide a competitive work force, according to a University of Virginia study.

The study found that during the next decade, 825,000 Virginians 55-64 years old will reach retirement age. That is 11% of the state’s population – up from less than 9% six years ago – and the percentage will grow as even more baby boomers age into retirement. The situation is particularly acute in 11 counties where at least one quarter of the current work force will reach retirement age by 2016.

Read (AP via WTOP)

What Was the Price of Gas in Salem, VA Saturday, 03.31.2007?

Saturday, the gasoline prices at the BP @ Apperson & Colorado in Salem, VA were:

Grade Price
Regular $2.499
Mid $2.599
Premium $2.699
Diesel $2.799
Kerosene $2.699

Gas prices were unchanged today.

For the month of March, gas prices increased 24 cents per gallon, and diesel prices increased 30 cents per gallon.

For the quarter, gas prices increased 34 cents per gallon, and diesel prices increased 30 cents per gallon.


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Budget ax falls on U.S. wildlife refuges

Faced with a $2.5 billion budget shortfall, the U.S. Fish and Wildlife Service is eliminating hundreds of jobs (20% of jobs), cutting back programs and leaving more than 200 national wildlife refuges unstaffed.

The cuts also mean fewer law enforcement officers. In the Pacific region, only six officers will patrol a four-state area. In Oregon, just one full-time officer patrols the entire coastline, with a half-dozen wildlife refuges.

Read (AP via MSNBC)

US heating bills up, but federal aid down

Even before the latest spate of arctic conditions gripped the northern half of the nation, many states were running out of money to help the disadvantaged with their heating bills.

In West Virginia, the doors to the state’s energy-assistance program have been closed for a month. Iowa has sliced its heating-assistance benefit by 30 percent. In Montana, the director of the state’s Low Income Home Energy Assistance Program has personally fielded 50 to 100 phone calls from residents who want to know why their checks are so much smaller than last year’s.

Why The number of people requiring energy-bill assistance has grown at the same time that Congress and the White House have **cut funding by nearly $1 billion from last year**. The combination has quickly rippled to the states, and at least seven are either completely out of money or will be shortly.

With benefits pared, concern is mounting that many people will start to receive notices that their utilities will be shut off on April 1 unless they pay their bills. To help out, some states are dipping into funds that would normally be used to help with summer cooling bills.

Read (Christian Science Monitor)

Biofuels Boom Raises Tough Questions

America is drunk on ethanol. Farmers in the Midwest are sending billions of bushels of corn to refineries that turn it into billions of gallons of fuel. Automakers in Detroit have already built millions of cars, trucks and SUVs that can run on it, and are committed to making millions more. In Washington, politicians have approved generous subsidies for companies that make ethanol.

The problem is, ethanol really isn’t ready for prime time. The only economical way to make ethanol right now is with corn, which means the burgeoning industry is literally eating America’s lunch, not to mention its breakfast and dinner. And though ethanol from corn may have some minor benefits with regard to energy independence, most analysts conclude its environmental benefits are questionable at best.

Read (AP via WTOP)