South Carolina misses stock investing despite voter support
State Treasurer Richard Eckstrom says South Carolina lost more than 2 billion by not investing pension funds in stocks after voters approved the move. Lawmakers failed to pass enabling legislation this session, keeping funds in bonds. Indiana began investing last year and aims higher. Eckstrom urges action next session while noting market gains since 1994.
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Columbia
South Carolina
Lst
Richard Eckstrom
Eckstrom
Indiana
Senate
Standard and Poor
Earle Morris
Treasurer Nervana delays tax relief to gain state funds
The treasurer announced postponing tax relief checks to accumulate funds, aiming to generate about 2 million dollars for the state. The move drew scrutiny from residents and officials who questioned the fiscal impact and timing of the relief.
S C could reap benefits from Charlotte convention
A bipartisan Charlotte NC group and regional leaders aim to lure either the Republican or Democratic national convention to the city in 2000. They estimate a $20 million public private package and note potential Upstate benefits for Greenville. Competing bids from major cities are pursuing the event with arena and hotel room requirements guiding the process.
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Greenville
Charlotte
N.C
North Carolina
South Carolina
Queen City
Richard Winroot
Upstate
Greenville News
Tim Fitzpatrick
Republican National Committee
Washington
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Houston
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St. Louis
Renovation planned for Ms S C hotel with 1920s decor
Marketing director Ms Friedman outlines extensive renovations to the Ms S C notel dubbed the Commercial. She aims for a September completion, restoring elegance from yesteryear to attract weddings and major events.
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Ms. Friedman
Friedmans
Chesterfield
County June labor pool and rising unemployment figures
Aiken County shows a June labor pool of 65,720. Edgefield County unemployment climbs from 3.5 to 5.2 percent with 480 jobless in a 9,320 labor pool. Barnwell's rate rises from 7.5 to 9.3 percent with 1,060 jobless in a 11,350 pool. Allendale's rate increases from 6.8 to 8.2 percent, 370 out of 4,520 workers unemployed.
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Aiken County
Edgefield County
Barnwell County
Allendale County
Barnwell waste dump faces viability questions amid shrinking revenue
Chem Nuclear Systems worries about Barnwell landfill in South Carolina as annual tax receipts drop and waste streams dwindle. A two day meeting with major generators in Chicago explored options including potential closure, with $76 million tax take in the last fiscal year barely covering a $22 million obligation for scholarships.
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Columbia
Barnwell County
Chem-Nuclear Systems Inc
Chicago
Barnwell
South Carolina
Chem-Nuclear
David Ebenhack
Associated Press
David Beasley
Clemson Cheerleader Barbie a quick seller among fans
Clemson University bookstore staff report Mattel Cheerleader Barbie sold out in under a day. Local retailers note strong Clemson demand for the toy and confirm other colleges in the line, with Mattel aiming to add 15 more schools next year.
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Mattel
Barbie
Patricia Drake
Clemson University
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David Butler
Cathy ‘Sams
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Wheeler
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Timeless Granite & Marble Inc
WE Martinez
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Louise Majors
State Budget and Control Board
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Gary Karr
Ebenhack
Hanford
Wash
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Vette Warner
Wall TO Wall Credit
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Whiskey Road
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