Income outpaces inflation as Sun Belt gains lead
A Commerce Department study shows per capita income rose faster than the 93.4 percent inflation over the decade, with Alaska top at 12,406 and Mississippi bottom at 6,508. Northeastern and West Coast states remain high earners, while Southeast and Rocky Mountain states stay lower. The report notes regional shifts and calls for coherent federal policy amid a growing Sun Belt advantage.
MENTIONED IN THIS ARTICLE
Washington
America
Sun Belt
Commerce Department
Alaska
Connecticut
Mississipi
Lloyd Bentsen
Texas
New York City
New York State
Bentsen
Snow Belt
West Coast
Southeast
Rocky Mountain
Reagan era business outlook and risks to growth
New York AP reports that the Reagan era fuels optimism for private enterprise while warning executives against chasing short-term profits. Kenneth Randall of the Conference Board cautions that neglecting long-term investment could erode growth, jobs, and societal prosperity, despite shareholders’ focus on quarterly results.
MENTIONED IN THIS ARTICLE
New York
America
Ronald Reagan
Kenneth A. Randall
Conference Board
Randall
Barterers clash with the IRS over tax rules
Pitt s burgh Trade Exchange, a four year old bartering club serving 1700 members and 720 companies, faces IRS pressure as it defends barter transactions as non taxable. The group trades up to 10000 goods and services, from clothes to cars, while the IRS targets barter as part of the underground economy.
MENTIONED IN THIS ARTICLE
Pittsburgh
Pittsburgh Trade Exchange
Internal Revenue Service
IRS
International Association of Trade Exchanges
Joe Weiss
Association
Federal
Weiss
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Joseph Granville
Monday
Karen Erickson
Charles Compton
Universal Life Church
Prairie Village
Jackson County
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Fla
Finney County Health Dept
Ue Em
Whittier Wood Products
Amerock
Cash & Carry
Fleming & I