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The New Economy
Wednesday, Sept. 17, 2008
Despite rising diesel prices, regional floods and economic uncertainty, the Lake Express Ferry is on course to match last year’s business performance. The company kicked off its fifth season in May with a 20% fare increase to cover a 76% annual rise in the price of diesel fuel...
The New Economy
Wednesday, Sept. 3, 2008
The Milwaukee Public Market, the symbol of a rejuvenated Third Ward, will expand this December as Good Harvest Market of Pewaukee moves into the former Broadway Produce Co. building. In addition to retaining the old “Commission Row” flavor, the market also aims to stay true to its mission of supporting local farm ers and businesses.
The New Economy
Wednesday, Sept. 3, 2008
Can the red-hot market for solar panels generate green jobs for Milwaukee? Some city officials are hoping so. “We’ll be looking into whether we can build them locally,” says Ann Beier, director of environmental sustainability for the city of Milwaukee. Beier and others want to use part of a $200,000 federal Solar City grant to fund...
The New Economy
Wednesday, Aug. 20, 2008
Although consumer inflation is at a 17-year high, historically high oil prices are not necessarily to blame. In fact, high oil prices, the economic slowdown and the Chinese work in tandem to keep inflation from becoming even worse. July's Consumer Price Index (CPI)- which follows the change in prices for common consumer goods-is worrying, with its 0.8% rise over June, doubling analysts' expectations. Year over year, the CPI rose 5.6%, nearing the 6.29% rate set in early 1991. But the higher oil prices don't necessarily lead to widespread inflation.
The New Economy
Wednesday, Aug. 20, 2008
It was during an Amway business convention in Albuquerque some 20 years ago that Ruben Hopkins got his first inkling of what ailed the African-American business community. "I'd look in one room and see 50 or 60 white Amway distributors, talking, sharing ideas, networking," he remembers. "Then I'd look in another room and only see five or six black people. And I wondered, 'Why is that?'"
The New Economy
Thursday, July 31, 2008
In yet another troubling sign for the U.S. economy, more Americans are borrowing against their 401(k) retirement plans to make ends meet. What’s more, some banks are making it easier by offering people debit cards that tap into their retirement funds.
The New Economy
Wednesday, July 16, 2008
The Brewery Credit Union (BCU) has more on tap than just savings accounts and car loans. The community not-for-profit organization also offers BEER, or Brewery Employees Education Resource programs. “We always strive to educate,” said Marketing Director Mikal Gilliat, who noted that BCU’s seminars for first-time home...
The New Economy
Wednesday, July 16, 2008

Plus Definition of the Week: Credit Crunch

How did you spend your stimulus check? If you’re like most Americans, you bought gasoline. Since President Bush signed the tax rebate into law Feb. 13, the average household has spent $1,500 filling the family car, according to research by Wisconsin Public Interest Research Group (WISPIRG).
The New Economy
Tuesday, July 15, 2008
A surge in foreclosures is forcing more and more lenders to take a loss on bad loans, giving rise to a speculative real estate practice known as a “short sale.” Here’s how it works: When a homeowner is threatened with foreclosure, an investor negotiates with the lender to buy the mortgage for far less than is owed. If all goes well, the sellers reduce their debt, the buyer gets a good deal and the bank removes a non-producing asset from its books. But, in practice, the deals are notoriously difficult to piece together and too often are oversold as a way to turn a fast buck.

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