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Regional economic council to meet with public in Aurora

Regional economic council to meet with public in Aurora Albany, NY — The Central New York Regional Economic Development Council will hold a “public-participation meeting” Wednesday in Aurora.

The group, responsible for coordinating economic development ideas for potential state funding, will meet at 5:30 p.m. at the Aurora Inn.

The meeting is one of a series the council is holding across the region, which includes Onondaga, Cayuga, Madison, Oswego and Cortland counties.

The meeting will include a discussion of the consolidated funding application process which will be use to winnow down the list of proposed projects.

Tags: Aurora, Economic Council, Regional Economic, Regional Economic Council

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Gasoline prices about to pinch

The price of gasoline has steadily climbed since November, and each tankful has taken a bigger chunk from paychecks. Yet heating bills were far below normal. The result: a price spike that has not choked off the recovery, strangled the American consumer’s optimism or cratered finances.

Yet.

Gas prices are still rising, and the pinch will get worse, said Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University.

“As we come into a warm summer — even a normal summer — once the air conditioner comes on, there will be no relief for the pocketbook,” Dhawan said. “And if it’s a hot summer, we will feel it even more.”

More than two years after a vicious recession, unemployment is still high and recovery has been modest. While higher gas prices won’t kill the recovery, it sure won’t help, Dhawan said. “It will dent growt

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Tags: Gasoline, Gasoline Prices

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Romney’s attack ad strategy: time for Obama soon?

NEW YORK — Rick Santorum doesnt care about the unemployment rate. Newt Gingrich has more baggage than the airlines. Both are Washington insiders who have bent their principles for money and influence.

So say Republican presidential candidate Mitt Romney and his allies.

That advertising playbook has helped make Romney his partys likely presidential nominee and could offer a preview of what awaits President Barack Obama in this summers general election campaign.

Voters in early primary states have seen plenty of this ad strategy already: a torrent of attacks on Romneys opponents along with a few positive spots about the GOP front-runners biography and business experience. T

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MTN shares slide amid bribery scandal

Shares in MTN Group slid on Friday after rival Turkcell filed a $4.2 billion suit against the South African mobile operator, alleging it bribed officials and lobbied support for Tehran’s nuclear programme to win an Iranian licence. Read all post…

Tags: Shares, Shares Slide

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China March PMI unexpectedly jumps to 53.1, 11-month high (Reuters)

Analysts had forecast the PMI, which previews China’s vast factory sector before official industrial production data, to dip at 50.5.

The new orders sub-index climbed to 55.1 in March from February’s 51 points, the National Bureau of Statistics said, while the sub-index for new export orders was up at 51.9, compared with February’s 51.1.

The latest PMI reading suggests Chinese factories are not struggling as much as some reports indicated. HSBC’s Flash PMI released last week had shown factory activity slowing for the fifth straight month in March as new orders sunk to four-month lows.

Tags: Pmi, Pmi Jumps

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