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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Oct 13, 2002
Page
11
Federal Consumer Information Center provides consumer helplines and official sites. The listing includes numbers for West Virginia Virginia and general consumer protection resources with toll free lines and state portals. Demand for reliable guidance remains high as inquiries about consumer rights continue.
Anne Crowe says burned investors need time to recover from losses before sustained gains restore confidence. The idea is emotional shifts from fear to greed as markets rebound.
The Bush Administration backs a new drug card for low income seniors. It offers savings on prescription medicines from seven companies to millions. Pharmacist Jerry Bovenizer notes card helps new patients access affordable medicines. Bérenizer cites over 1500 drugs covering more than 20 common elderly conditions. Tommy Thompson calls it a practical private sector solution for patients nationwide.
Bluefield analyst comments mark six weeks of price declines as investors face a possible 2003 downturn. Experts cite Enron WorldCom scandals and Iraq as dampening factors, while rising real disposable income and low mortgage rates support growth. Analysts predict a double dip recession may emerge in early 2003.
GDP rises 4 percent in Q3 while September unemployment falls, productivity grows, and disposable income rises. Despite this, business confidence declines in a CEO survey as corporate and consumer debt hit record highs. Short term rates at 40 year lows and the S P 500 slides, labeling a bear market rivaling the 1930s. 401k plans shift to 201k style accounts.
CiCi’s Pizza, named Pizza Today Magazine’s Pizza Chain of the Year, plans a December opening in Bluefield Virginia at College Plaza next to the former Wal-Mart and 4200 square feet. A Princeton location will follow at Wal-Mart Plaza. PPWV led expansion toward 28 West Virginia sites. Michael Lemmons of PPWV notes ties to local Chick-Fil-A history.
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