The energy issue of the week is whether high gasoline prices are being caused by supply no longer being able to keep with demand or by speculators garnering untoward riches at the expense of hardworking motorists.
The Senate and the House of Delegates passed their respective budget bills last Thursday. Recognizing the prevailing economic situation of the Commonwealth, both chambers’ budgets reduce income and sales tax estimates and make significant funding cuts of $500 million per year.
The odds are now better than even that the U.S. economy is sliding or has already slid into a recession. The housing market downturn and sub prime mortgage crisis are the catalysts for a major economic downswing that looks to last well into 2009. The latest retail reports indicate a […]
As the year draws to a close, it is a good time to look back at what has happened and what clues we can discern about 2007.