Government offices and banks closed Saturday amid holiday schedule
Offices at federal state county and city levels will be closed Saturday with banks following the holiday. Beckley Newspapers notes reduced operations while sports headlines report Jana Novotna defeating Martina Hingis, avenging last year’s setback.
MENTIONED IN THIS ARTICLE
Arn Alasad Trade
Far
Trea CaAistih
Ashishs Katinden
Dante
Ae Vivocy Wuoy Yi Uit Ryurul Ul Suly Trinmoy. Rv
Beckley Newspapers
Hanartimante Ara
Jana Novotna
Martina Hingis
Unemployment Up in June Signals Slower Economy
The June jobless rate rose to 4.5 percent from 4.3 percent in May, reflecting a cooling labor market as Asia troubles and a GM strike dampen growth. Black teen unemployment fell to 20.2 percent, the lowest since tracking began 25 years ago, while factory orders slipped 1.6 percent in May.
MENTIONED IN THIS ARTICLE
Washington
Asia
General Motors
Abor
Commerce Department
Unemployment Rates By Demographic June Report Cites Optimistic Outlook
The Labor Department releases June unemployment rates by demographics, seasonally adjusted, noting a strong labor market for job seekers despite long term concerns. Economist Allen Sinai calls the dip modest and sees little recession risk unless extreme scenarios unfold, with remarks echoing views of Federal Reserve officials including Alan Greenspan.
MENTIONED IN THIS ARTICLE
Labor Department
Allen Sinai
Boston
Federal Reserve
Alan Greenspan
State government panel urges broader tax base reform
The Tax Study Commission proposes taxing nearly all residents except the 250,000 poorest, with many current taxpayers facing lower rates as the plan aims for uniform taxation. Governor Underwood welcomed the outline, noting economic modeling will refine rates over six months while seeking public support for reform.
MENTIONED IN THIS ARTICLE
Charleston
Robin Capehart
Commission
Cecil Underwood
Underwood
Education proposals questioned by officials
School officials express anger and curiosity over educational portions of a tax reform study commission report issued Thursday. One recommendation would amend the constitution to keep courts from the funding system, giving the Legislature sole power to set funding for a thorough and efficient system of free schools.
General excise and business tax plan proposed
The proposal suggests replacing the consumer sales and use taxes with a general excise tax on tangible goods and services. It also calls for merging business taxes into a single business tax on capital expenditure, rents, interest, depreciation, and profits, with only a capital expenditure deduction. See recommendation on page 12A.
Florida fires threaten hundreds as flames roar
Florida wildfires cut into holiday plans with winds driving flames through Ormond Beach. Dozens of homes burned and hundreds more threatened, forcing evacuations as Daytona auto race plans were postponed and I 95 closed for safety. Fireworks displays were canceled amid dry, drought conditions across the state.
MENTIONED IN THIS ARTICLE
Ormond Beach
Fla
Florida
Daytona International Speedway
East Coast
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SWVC
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New River Gorge
Chris Hancock
the Register-Herald
Tim Patton
Winfield
Dave Bon Jovi
Acme
New River Gorge Bridge
Fayette Station Road
THE
Associated Press
Capehart
Nerissa Young
Register-Herald
Rasiseile
Rima Ridge Subdivision
Ormond Beach, Fla
By Ron Worp
Chassimeo
Loa
News of Record 3A
Lotto
West Virginia
Automotive Group
East Main St
Oak Hill, WV
Lewis
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