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Report: State’s economy staggered by outside events

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A third-quarter survey by the University of Baltimore’s Jacob France Institute has found t Maryland’s economy has been “staggered” by the gridlock in federal spending and the European debt crisis.

The Maryland Business Climate Survey found that stands in marked contrast to its findings in the second quarter, when business owners in Maryland said they were optimistic about the state’s economy.

One bright spot is that overall sales growth continues to hold steady, according to the report, produced every quarter by the institute at UB’s Merrick School of Business.

“It appears that the general improvement in expectations for an economic recovery that we were seeing during the first half of the year have evaporated,” said Richard Clinch, director of economic research at the Jacob France Institute, in a statement.

“Across the board, all over the state, we’re finding that Maryland firms have ratcheted back their expectations for market expansion, with just over half expecting their market to expand in the coming year—that’s down from 63 percent in the first and second quarters,” Clinch said. “About 20 percent of the businesses in our survey are expecting declines, and that’s more than double the level of the previous two quarters.”

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Category: Business, Economy, University of Baltimore

Harford scientist solves odor issues

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“Unpleasant and embarrassing personal odors.”

They are exactly what you think they are. They are the silent scourge of offices, hotels, homes – basically anywhere with a shared restroom. And one Maryland scientist says he’s found a way to combat them.

Oxi-Odor Eliminator is the brainchild of Eric McGill, Harford County resident and University of Baltimore graduate. It’s a powder that’s sprinkled in toilets right after exactly what you think it’s right after.

An interesting solution to an eternal problem. (And, apparently, partially a product of prodding by McGill’s wife.)

But is it feasible, I wonder? Do you think these little packets of powder will ever replace air freshener and scented candles?

And who out there wants to give it a try?

JOE BACCHUS, Web Specialist

Category: Business, University of Baltimore

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