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Economic Recovery

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OPINION
By TIM ROWLAND | timr@herald-mail.com | March 7, 2011
It’s come to this. We have so utterly failed to turn the economy around that now were are turning to our dogs for help. “Frankly, anything that develops economic activity right now is good,” Maryland Del. Dan Morhaim, D-Arf, told The (Baltimore) Sun. I think we would all agree with that, so let’s move ahead to Morhaim’s solution: Allow dogs into restaurants with outdoor seating. I don’t have any special problem with that — it’s just that I have two dogs, and you would not believe the amount of effort it takes to get them to pay for their own food, not to mention lodging, health care or entertainment.
NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | July 7, 2012
It's dinnertime, but the big white-bricked restaurant building with green canopies outside and polished wood furnishings inside is silent, dark and empty. The Hagerstown restaurant, long open as Burhans Station under one ownership and more recently as Vito's under another, has been closed for months - seemingly another sign of dreams lost as the nation has struggled through economic recession. But at this former restaurant and at several other places in Washington County and beyond, there is rebirth and new hope among people who are seeing the has-been locations as fresh opportunities for business.
NEWS
By DON AINES | dona@herald-mail.com | June 1, 2011
Although there was net job growth in the projects the Hagerstown-Washington County Economic Development Commission worked on in the past year, Executive Director Timothy R. Troxell said Wednesday that the county is experiencing what appears to be “a jobless recovery.” The Maryland Department of Labor, Licensing and Regulation reported last week that unemployment in April was 9.1 percent in Washington County, the lowest in 2 1/2 years, Troxell said...
NEWS
September 8, 2009
WASHINGTON (AP) -- The Federal Reserve says consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt. Consumers ratcheted back their credit by a larger-than-anticipated $21.6 billion from June, the most on records dating to 1943. Economists expected credit to drop by $4 billion. July's retreat translated into an annualized drop of 10.4 percent. That was even sharper than the 7.4 percent annualized decline in June and the deepest cut since a 16.3 percent pace in June 1975.
NEWS
November 24, 2008
WASHINGTON (AP) -- President Bush argued Monday that the government's dramatic rescue of Citigroup was necessary to "safeguard the financial system" and help the economy recover, and he said there could be more such moves if other institutions need help. Bush said he approved the action, recommended by Treasury Secretary Henry Paulson, while flying back to Washington on Sunday evening from meetings in Peru with Pacific Rim leaders. He said he also spoke with President-elect Barack Obama on Sunday night, part of what he has promised will be "close cooperation" between his administration and the Obama camp.
OPINION
By BRIEN POFFENBERGER | January 2, 2013
Happy New Year from the Chamber of Commerce! As we settle into our routines for 2013, the new year will look pretty much like the old one. Economic recovery continues in Washington County, but it remains incremental and painfully slow. The New Year brings with it, however, some economic bright spots worthy of a holiday celebration. • New economic development - After reshuffling the county's economic development office last year, local officials have dedicated untold time, talent and treasure to building a 21st century pro-business environment that will attract new companies and boost job creation.
NEWS
June 23, 2013
It's not only the race for Maryland governor that is attracting a clutch of candidates. The race for the 6th Congressional District seems to be warming up as well. Dan Bongino, a former Secret Service agent who ran for the U.S. Senate and lost in 2012, recently announced that he will seek the Republican Party's nomination for the 6th District seat currently held by John Delaney, D-Md. Earlier this year, Bongino announced the launch of a campaign for the position of governor of Maryland, but changed his mind.
OPINION
By BRIEN POFFENBERGER | December 12, 2012
Last year, when Congress and President Obama couldn't reach a budget deal, they agreed to a doomsday plan with an automatic timer set to go off at the end of 2012. What we have come to call the “fiscal cliff” combines indiscriminant budget cuts with de facto tax increases. Back in 2011, everyone thought that such a painful alternative would force a compromise. But here we are - just weeks away - and policy makers still haven't come to an agreement.  Maryland, with our dependence on federal spending, will be particularly hard hit. On Jan. 2, the federal government will increase taxes and slash spending, a move that most economists predict will send the U.S. economy back into recession.
NEWS
August 22, 2010
o Washington County Commissioners candidates Q&A Part 1 Editor's note: The Herald-Mail asked candidates in some contested races in the Sept. 14 primary election to respond to eight questions. The responses of candidates for each of those races will be published over two days. The Q&A's that have already run can be found on The Herald-Mail website at http://www.herald-mail.com . Unopposed in primary Kristin B. Aleshire, 35 Incumbent 1217 Virginia Ave., Hagerstown Democrat Joe Lane, 46 12030 Hippan Hill Road, Smithsburg Green Party Republicans Question: What is the county's role in local economic recovery and what recovery strategies would you suggest?
NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | June 9, 2012
Washington County's economy is showing new strength, with household and business spending on the rise for nearly a year, according to a study byTheHerald-Mail. But whether the momentum will continue amid rising economic uncertainties across the globe is a big question, a regional economist said last week. “One might look at the (local spending) data and conclude we have turned the corner. That doesn't mean we might not do another U-turn” back into the recession, said Anirban Basu, chairman and chief executive officer of Sage Policy Group Inc., a Baltimore economic and policy consulting firm.
ARTICLES BY DATE
NEWS
June 23, 2013
It's not only the race for Maryland governor that is attracting a clutch of candidates. The race for the 6th Congressional District seems to be warming up as well. Dan Bongino, a former Secret Service agent who ran for the U.S. Senate and lost in 2012, recently announced that he will seek the Republican Party's nomination for the 6th District seat currently held by John Delaney, D-Md. Earlier this year, Bongino announced the launch of a campaign for the position of governor of Maryland, but changed his mind.
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OPINION
By BRIEN POFFENBERGER | January 2, 2013
Happy New Year from the Chamber of Commerce! As we settle into our routines for 2013, the new year will look pretty much like the old one. Economic recovery continues in Washington County, but it remains incremental and painfully slow. The New Year brings with it, however, some economic bright spots worthy of a holiday celebration. • New economic development - After reshuffling the county's economic development office last year, local officials have dedicated untold time, talent and treasure to building a 21st century pro-business environment that will attract new companies and boost job creation.
OPINION
By BRIEN POFFENBERGER | December 12, 2012
Last year, when Congress and President Obama couldn't reach a budget deal, they agreed to a doomsday plan with an automatic timer set to go off at the end of 2012. What we have come to call the “fiscal cliff” combines indiscriminant budget cuts with de facto tax increases. Back in 2011, everyone thought that such a painful alternative would force a compromise. But here we are - just weeks away - and policy makers still haven't come to an agreement.  Maryland, with our dependence on federal spending, will be particularly hard hit. On Jan. 2, the federal government will increase taxes and slash spending, a move that most economists predict will send the U.S. economy back into recession.
NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | July 7, 2012
It's dinnertime, but the big white-bricked restaurant building with green canopies outside and polished wood furnishings inside is silent, dark and empty. The Hagerstown restaurant, long open as Burhans Station under one ownership and more recently as Vito's under another, has been closed for months - seemingly another sign of dreams lost as the nation has struggled through economic recession. But at this former restaurant and at several other places in Washington County and beyond, there is rebirth and new hope among people who are seeing the has-been locations as fresh opportunities for business.
NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | June 9, 2012
Washington County's economy is showing new strength, with household and business spending on the rise for nearly a year, according to a study byTheHerald-Mail. But whether the momentum will continue amid rising economic uncertainties across the globe is a big question, a regional economist said last week. “One might look at the (local spending) data and conclude we have turned the corner. That doesn't mean we might not do another U-turn” back into the recession, said Anirban Basu, chairman and chief executive officer of Sage Policy Group Inc., a Baltimore economic and policy consulting firm.
OPINION
September 4, 2011
The Herald-Mail should be ashamed of its story on Bushey To the editor: I am disappointed, and The Herald-Mail should be ashamed of the story it wrote about Mr. George Bushey. Past history does not need to be rewritten at the time of a man's death - a man who was a credit to our community, who gave much to all, who was a good father, husband and professional. For you to reiterate a past mistake is such a poor form of journalism. It would be best if you would write a letter of apology to Mr. Bushey's family and to your readers.
NEWS
By DON AINES | dona@herald-mail.com | June 1, 2011
Although there was net job growth in the projects the Hagerstown-Washington County Economic Development Commission worked on in the past year, Executive Director Timothy R. Troxell said Wednesday that the county is experiencing what appears to be “a jobless recovery.” The Maryland Department of Labor, Licensing and Regulation reported last week that unemployment in April was 9.1 percent in Washington County, the lowest in 2 1/2 years, Troxell said...
OPINION
By TIM ROWLAND | timr@herald-mail.com | March 7, 2011
It’s come to this. We have so utterly failed to turn the economy around that now were are turning to our dogs for help. “Frankly, anything that develops economic activity right now is good,” Maryland Del. Dan Morhaim, D-Arf, told The (Baltimore) Sun. I think we would all agree with that, so let’s move ahead to Morhaim’s solution: Allow dogs into restaurants with outdoor seating. I don’t have any special problem with that — it’s just that I have two dogs, and you would not believe the amount of effort it takes to get them to pay for their own food, not to mention lodging, health care or entertainment.
NEWS
August 22, 2010
o Washington County Commissioners candidates Q&A Part 1 Editor's note: The Herald-Mail asked candidates in some contested races in the Sept. 14 primary election to respond to eight questions. The responses of candidates for each of those races will be published over two days. The Q&A's that have already run can be found on The Herald-Mail website at http://www.herald-mail.com . Unopposed in primary Kristin B. Aleshire, 35 Incumbent 1217 Virginia Ave., Hagerstown Democrat Joe Lane, 46 12030 Hippan Hill Road, Smithsburg Green Party Republicans Question: What is the county's role in local economic recovery and what recovery strategies would you suggest?
NEWS
September 8, 2009
WASHINGTON (AP) -- The Federal Reserve says consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt. Consumers ratcheted back their credit by a larger-than-anticipated $21.6 billion from June, the most on records dating to 1943. Economists expected credit to drop by $4 billion. July's retreat translated into an annualized drop of 10.4 percent. That was even sharper than the 7.4 percent annualized decline in June and the deepest cut since a 16.3 percent pace in June 1975.
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