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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Dec 24, 2008

Page

5

West Virginia Unemployment Fund Faces Tax and Benefit Clashes

A new task force formed by Gov. Joe Manchin discusses securing West Virginia’s jobless fund amid a recession. Proposals include indexing the employer base to wages, limiting benefits, and tightening appeals. Labor favors wage-based base growth. business voices oppose tax hikes and favor benefit curbs. The panel notes the fund’s $249 million balance and cites a 2005 audit warning of insolvency risk during recessions. The group aims to present a draft to the governor early next year.

Charleston Joe Manchin West Virginia Michael Moore Moore Task Force Roy Smith Labor Phil Cline Cline Manchin Division of Labor Billie Jo Streyle-Anderson Indiana Michigan Ohio National Conference of State Legislatures Kentucky Pennsylvania Ron Radcliff Radcliff Workforce West Virginia U.S. Department of Labor

Dow slides for fifth straight day on grim data

Wall Street fell for the fifth session as housing and broader economy data remained grim. The Dow dropped 100 points to 8419.49, with the S&P 500 and Nasdaq down, volume light ahead of holiday trading and a weak year end.

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