Recently added articles from EconSouth:
Taking the pulse.(on point)
Jun 22, 2009; Anservitz, Lynne ... A year and a half into the recession, the U.S. and Southeastern economies are still working through a variety of serious economic hurdles, made stubbornly persistent by strains in the financial system. One of the challenges we tackle in this issue of EconSouth is reporting about ...
The view from a mall.(Fed@Issue)
Jun 22, 2009; Chriszt, Michael ... I spent a recent weekend like I spend most weekends--out of town at a ballpark. This time I was in Dalton, Ga., where my daughter's softball team had a long break between games. I suggested that the team head to the local shopping mall, which they all agreed was the best coaching decision ...
Hattiesburg withstands changes well.(Hattiesburg, Mississippi)
Jun 22, 2009; Davidson, Charles ... Hattiesburg, Miss., is enduring the recession better than most places, thanks to stable employers--including three large hospitals and the University of Southern Mississippi--and a sound housing market, thanks in part to Hurricane Katrina. The metropolitan area of about 140,000 ...
Southeastern banks: in the eye of the storm: in some previous economic downturns, U.S. banks remained relatively unscathed by troubles in the overall economy. But in the current economic recession and financial turmoil that began in 2007, banks, especially those in the Southeast, have been close to the eye of the storm-the real estate downturn.(Cover story)
Jun 22, 2009; Hughes, Scott ... [ILLUSTRATION OMITTED] Banks nationwide are experiencing one of the most challenging operating environments in recent history, marked by deteriorating performance and rising numbers of bank failures. Banks in the Southeast have not been immune to the stiff headwinds created by ...
Looking for hopeful economic signs.(Regional Update)
Jun 22, 2009; ... In an economic update to Congress on May 5, Federal Reserve Chairman Ben Bernanke noted that "recent data suggest that the pace of contraction may be slowing." Is the Southeast experiencing a slowing in economic contraction? For answers to that question, Atlanta Fed economists ...
Continuing unemployment insurance claims.(Data Corner)
Jun 22, 2009; ... Data from the U.S. Department of Labor on initial and continuing unemployment claims, discussed in the previous "Data Corner" (EconSouth, first quarter 2009), provide a useful gauge of labor market conditions. This issue's "Data Corner" takes a closer look at continuing claims data. ...
States' tough stretch persists, studies show.(University Studies)
Jun 22, 2009; ... As 2008 came to a close, many people were apprehensive about the economy in the coming year. Forecasts by some members of ...
Unemployment hammers Mississippi's work force.(University Studies)
Jun 22, 2009; ... According to Mississippi Institutions of Higher Learning's (MIHL) semiannual Economic Review and Outlook, Mississippi has not escaped unscathed from the economic downturn. The state's employment is currently well below 2008 levels, and its unemployment rate has been steadily increasing ....
The big easy eases on.(University Studies)
Jun 22, 2009; ... While the recession has affected almost every geographical area in Louisiana, New Orleans has managed to remain somewhat insulated based on the makeup of its economy. According to the University of New Orleans' Metropolitan Report, the New Orleans economy is not dependent on manufacturing, ...
Tennessee watches larger economies.(University Studies)
Jun 22, 2009; ... How well Tennessee's economy performs depends on the path taken by the global and national economies this year, according to the Center of Business and Economic Research at the University of Tennessee. The center forecasts a turnaround for Tennessee in the third quarter of 2009 as monetary ...
Savings, recessions, and the paradox of thrift.(Econ 101)
Jun 22, 2009; Silos, Pedro ... The paradox of thrift was a theory put forth by the British economist John Maynard Keynes during the Great Depression. In its most typical form the theory can be stated as follows: During recessions, if households decrease consumption to increase their savings rate, the national level of ...
An interview with Lee Jones, regional executive at the Atlanta Fed's Nashville branch.(On the Ground)(Interview)
Jun 22, 2009; ... [ILLUSTRATION OMITTED] What are some of the more significant challenges you've encountered as regional executive? My particular challenge, which is different from that of most other regional executives, is the fact I have only recently returned to the Nashville area after six ...
The D6 factor.(Regional Economic Information Network)
Jun 22, 2009; ... The D6 Factor continues to decline, ending the first quarter of 2009 at -6.4. The index's negative values for the past 10 quarters show a continued pattern of weak economic conditions. The D6 Factor began setting new historical monthly lows at the start of the current recession (December ...
State and local budgets hinge on economic recovery.
Jun 22, 2009; Davidson, Charles ... As spring inched toward summer, sinking revenues and rising demand for services weighed on local and state governments across the Southeast. Residential and commercial property values have stagnated or fallen, unemployment is up, and worried consumers and businesses have reduced spending ....
"We're just starting to really feel the effects": an interview with Clint Mueller of the association county commissioners of Georgia.(Question & Answer)(Interview)
Jun 22, 2009; Davidson, Charles ... Georgia has 159 counties, and the recession is affecting each of them in a variety of ways. Counties that relied heavily on property taxes have seen revenues decline in the face of falling real estate values, and those that counted on steadily increasing sales tax revenues have seen the ...
Strong medicine for an ailing economy: disruptions in financial markets have made the current recession difficult to shake off. But new policy tools show signs of breaking the forces that have impeded recovery.
Jun 22, 2009; Robertson, John ... The current recession that began in December 2007 has differed from many previous recessions in at least one important respect: It has been accompanied by a crisis in the financial markets. Excesses in the housing sector triggered the financial sector crisis, which then contributed to ...
$61.4.(closing numbers)
Jun 22, 2009; ... $61.4 Amount, in billions, that Americans spent on computer equipment and software in 2006 ...
11.(closing numbers)
Jun 22, 2009; ... [ILLUSTRATION OMITTED] 11 Percent decline in tourists visiting Florida in the first quarter of 2009 ...
8.6.(closing numbers)
Jun 22, 2009; ... 8.6 Number, in millions, of people in the United States in tourism-related ...
14,000.(closing numbers)
Jun 22, 2009; ... 14,000 The Dow Jones industrial average ...
