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| Where to go to escape the recession
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| One chunk of the nation has avoided much of the current economic misery -- the sparsely populated states running from North Dakota to Texas. This region includes five of the six states that analysts at Economy.com have classified as not yet in recession, and others in the Rocky Mountain West -- from New Mexico to Idaho -- that are facing relatively mild downturns.
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| @ Sarasota Herald Tribune | Posted: 04/13/09 at 0201 EDST
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| The Tax Capital of the World
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| States are raising taxes despite the 'stimulus'; New York is No. 1.
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| @ Wall Street Journal | Posted: 04/13/09 at 0315 EDST
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| Minding your business: Bargain grocery prices growing in import, even for specialty items
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| Getting the price right is a challenge for retailers as Americans are trading down to stay within budget
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| @ Chicago Tribune | Posted: 04/13/09 at 0320 EDST
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| At many banks, the loan money still flows
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| To open up bank lending spigots, the federal government has pumped billions into some of the country's largest institutions. Still, credit for many remains tight. "This has created a tremendous opportunity for banks like Signature that have access to capital and a priority on establishing long-term customer relationships. Total loans at Signature, which was founded in 2006, rose to $172.4 million by the end of 2008, up 14.8 percent since Sept. 30. The bank received no government money. It is ranked eighth among locally headquartered banks with the most loan growth over that period.
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| @ Chicago Tribune | Posted: 04/13/09 at 0330 EDST
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| Unemployment's blue bias
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| The jobless rate in Illinois recently spiked to a 25-year high of 9.3 percent, but some Chicago area communities are feeling a lot more pain than others. Hardest-hit are working-class suburbs with large numbers of minorities and immigrants, towns like North Chicago, where 17.2 percent of workers -- nearly one out of every six -- are without jobs, according to the latest unemployment figures. Least-affected are wealthier, white-collar towns like Wilmette, with 4.9 percent out of work, and Northbrook, 5.3 percent, according to figures compiled by the Illinois Employment Security Department for municipalities with a population of 25,000 or more.
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| @ Chicago Sun Times | Posted: 04/13/09 at 0345 EDST
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| Small businesses must carry banner for free enterprise
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| Our economic recovery and future prosperity will come from the hard work and creativity of this nation's entrepreneurs and their staffs, not from top-down, micromanagement from Washington. Profit is good — As turn-of-the-century labor leader Samuel Gompers said, "The worst crime against working people is a company which fails to operate at a profit. From profits all things are possible — innovation, good wages, benefits, investment, philanthropy and yes, even revenue for the government."
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| @ Tallahassee Democrat | Posted: 04/13/09 at 0400 EDST
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| Proposed Florida home insurance legislation mainly favors the insurers
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Of the 36 homeowner insurance bills proposed by the Legislature, half would benefit insurers -- a dozen of which already have passed at least one legislative committee. Four of the 18 that don't benefit insurers also have traction.
Editor's Comment: This is a good read.
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| @ Ft. Lauderdale Sun Sentinel | Posted: 04/13/09 at 0415 EDST
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| Recession-proof? Not funeral homes
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| The nation's recession has forced people to change the way they live. Now, it's also changing the way they die.
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| @ Palm Beach Post | Posted: 04/13/09 at 0419 EDST
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| China’s Stocks Rise to Eight-Month High; Shenhua, Baoshan Gain
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| China Shenhua Energy Co., the nation’s largest coal producer, jumped the 10 percent daily limit on speculation prices will be raised. Baoshan Iron & Steel Co. added 4 percent as investors expect industrial production to pick up. Industrial & Commercial Bank of China Ltd. advanced to a five-month high as the central bank said it will ensure sufficient liquidity.
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| @ Bloomberg News | Posted: 04/13/09 at 0646 EDST
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| Ottawa holding off on trade action versus U.S.
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| Stockwell Day, the International Trade Minister, said on Thursday Canada is "reserving judgment" on potential trade action against Washington over a meat-labelling law that domestic livestock producers argue is a "significant" non-tariff barrier costing them hundreds of millions of dollars. As he played down potential trade action with Washington, Mr. Day announced he asked the World Trade Organization to begin consultations to address South Korea's nearly six-year ban on imported Canadian beef.
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| @ Financial Post - CA | Posted: 04/13/09 at 0652 EDST
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| Berlin Launches Hypo Real Estate Takeover
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| The German government has launched a takeover bid for the bank Hypo Real Estate by offering shareholders €1.39 per stock. If they refuse, Berlin has the right to expropriate them under a new law. The German government wants to take over HRE to prevent it from going bust and to avoid the market turbulence an insolvency would cause. An additional goal is to secure the state and private aid, worth €102 billion, which has already been given to the bank. HRE would have collapsed long ago without state intervention.
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| @ Der Spiegel | Posted: 04/13/09 at 0655 EDST
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