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Obama to address Congress next week on jobs
WASHINGTON — President Barack Obama will lay out his jobs plan in a prime television time address next week to a rare joint session of Congress, the White House said Wednesday. Obama sent a letter to House Speaker John Boehner and Senate Majority Leader Harry Reid asking to speak to both chambers on Sept. 7 […]
Dinegar talks Maryland, Virginia competition
Jim Dinegar, the president and CEO of the Greater Washington Board of Trade, has a unique point of view on the Maryland vs. Virginia economic development battle because his constituency hails from Northern Virginia, suburban Maryland and the city in between. He briefed the Maryland Senate Budget and Taxation Committee on Tuesday about a range […]
Consumer confidence lowest in 2 years
NEW YORK — Consumers’ confidence in August dropped almost 15 points to the lowest level since April 2009 as worries about the economy fueled the wildest stock market swings since the financial meltdown in 2008. At a time when Americans are increasingly worried about a weak job market, higher costs for food and clothing and […]
Consumer spending highest in five months
WASHINGTON— Consumer spending grew in July by 0.8 percent, the largest amount in five months. That followed a decline in June and helped ease fears that the U.S. economy is on the verge of another recession. Americans bought more cars and spent more last month to cool their homes during a heat wave. Personal incomes […]
Clerking after working
On Monday I started a state circuit court clerkship after a year of working in private practice. Admittedly this is a non-traditional route, as judicial clerks at the circuit court level are typically new law school grads. Clerking after working was not my original plan, but the best laid plans of mice and men (and […]
Week in review – 8/26/11: Quake shakes Maryland without much harm
Quake shakes Md. without much harm A 5.8 magnitude earthquake sent office workers streaming onto the streets of Baltimore and other Maryland cities Tuesday afternoon. Many businesses closed early, snarling traffic. Inspectors checked buildings without finding much damage. Aftershocks also centered in Virginia continued for days. EBDI plan criticized Residents of Middle East reacted angrily again [...]
Manufacturing, housing, defense lifting some areas of Maryland, sinking others
Just look at the stock market over the last few weeks, jobless figures, unemployment insurance claims or really any metric you can think of and you won’t need much, if any, convincing the post-recession recovery has been anything but smooth sailing. The state adds jobs one month and loses them the next. Big stock market […]
What to wear for on-campus interviews
On-campus interviewing season is upon us. I participated in the mock interview program at the University of Maryland Francis King Carey School of Law a few weeks ago and I’m going back for on-campus interviews in less than two weeks. I remember participating in on-campus interviews myself. I think it is an experience you never […]
Despite private sector gains, state unemployment rate up slightly
Government employment losses slowed job growth in Maryland last month and economists expect that trend to continue as Congress sets a new course for federal spending. “Maryland is one of many states where government jobs are shrinking and I expect that to continue,” said Anirban Basu, chairman and CEO of Sage Policy Group Inc. “What’s […]
Bank of America to cut 3,500 jobs
NEW YORK — Bank of America Corp., the nation’s largest bank, said Friday that it plans to cut 3,500 jobs by the end of September. The cuts amount to a little more than 1 percent of the bank’s workforce of roughly 288,000. But they follow a string of other layoffs, including 2,500 already announced this […]
Manufacturing-job losses hobble Western Maryland economy
HAGERSTOWN — Consumers buy less. Manufacturers make less. Shippers ship less. Hammered by the Great Recession, Western Maryland is still reeling. Nearly four years after the economy headed south, unemployment in Allegany, Garrett and Washington counties remains far higher than the state average. Beleaguered business owners and economic development officials wonder when the region will […]
More people sought unemployment benefits
WASHINGTON — The number of people applying for unemployment benefits rose back above 400,000 last week. Still, the four-week average, a more reliable gauge of the job market, fell to the lowest level since mid-April. The report suggests that the economy is creating jobs but not nearly enough to lower the high unemployment rate. Weekly […]
