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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

Mar 02, 2011

Page

6

Stocks slide as oil surge spooks markets

Stocks fall amid oil price jump to 99.63 a barrel amid Middle East unrest. Iran clamps down and Libya attacks raise fears of slower growth. Dow, S&P, and Nasdaq drop as energy costs and inflation risk weigh markets. Fed warns temporary inflation rise. Trading volume near 4.8 billion shares.

New York Iran Libya Muammar Gaddafi North Africa Middle East America’s Federal Reserve Ben Bernanke Senate Banking Committee Fed Commerce Department Standard & Poor

House passes two week budget cut to avert shutdown

The GOP led House approved a 4 billion dollar two week stopgap budget cut by a bipartisan 335 to 91 margin, aiming to fund government through March 18 while longer talks on a full-year measure proceed. Senate Democrats signaled support, and the White House eyed a longer plan but conceded the two week window.

Washington House Senate White House Congress Barack Obama Senate Democrats Harry Reid Obama Reid Jay Carney Republican House John Boehner House Appropriations Committee Harold Rogers Boehner Washington, D.C Army Corps of Engineers Democrats Chamber

West Virginia seeks tax relief and new property powers

West Virginia lawmakers move toward a Senate vote on two measures to ease real estate taxes and grant the Legislature authority over taxes on movable property. One would allow exemptions or rate reductions for personal property if revenues are replaced. The other would cap annual property tax assessment increases at 15 percent unless improvements raise value.

Harleston West Joe Manchin State Chamber of Commerce Chamber Scott Seard Icard Doug Facemire D-Braxton Patti Hamilton West Virginia Association of Counties Hamilton Mark Muchow Facemire

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