October 2019

Unanticipated Recessions (Commentary)

Why are economists so bad at forecasting recessions? According to a 2011 Federal Reserve Bank study, most private economists and Fed staff failed to foresee the “Great Recession” – the greatest economic downturn since the 1930s. Dr. Richard Salsman, President & Chief Market Strategist at...

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Wilmington Luncheon Recap

Over 40 attendees participated in the 2019 Eastern Regional Networking Luncheon presented by ECS Southeast, that was held September 26 in Wilmington. Luncheon attendees heard a compelling presentation by veteran economic development leader Penny Whiteheart, who facilitated a discussion on how to get maximum benefits...

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Time Management in the Digital Age (video)

Most time management advice encourages a focus on the important rather than the urgent. But such approaches may be incompatible with the 21st century, when technology constantly bombards us with deadlines. Alex Edmans, a Professor of Finance at the London Business School, offers conceptual perspectives...

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White House Launches ‘Opportunity Zones’ Website

The Trump Administration is rolling out a new website to educate the public about Opportunity Zones, a federal program designed to bring new jobs, investment, companies and residents to distressed and low-income areas. White House Domestic Policy Adviser Joe Grogan said the Administration is committed...

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Manufacturing Survey Shows Worst Reading in a Decade

A widely watched manufacturing index showed last month as the weakest month for the US factory sector since June 2009. The Institute for Supply Management’s (ISM) purchasing managers’ index came in at 47.8% for September -- the second consecutive month of contraction. Figures below 50%...

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