Decreasing house prices and a rise in unemployment puts Pennsylvania at risk for increased mortgage delinquencies
and foreclosures, according to The Keystone
Research Center based in Harrisburg.
Dear Mr. Berko: I
listened to several economists on TV discussing the economy and the
Federal Reserve System. They concluded that the U.S. will have a national debt
this year of less than $325 billion and that the economy in the second half of
this year will move ahead strongly, due to the $1,200 per family cash infusion.
And they suggested this would be good for the stock market, the housing market
Pennsylvania's back is now to the wall. Like many other
cities and states in the region, we will be forced to deal with the issue of
eliminating combined sewer overflows (CSO).
The economy managed to eke out another quarter of growth
during the first part of this year. But that will not change how anyone feels:
We are in a major slowdown, and it is irrelevant whether we technically meet
the criteria for a recession.
According to the April 2008 PNC Economic Outlook forecast,
owners of Pennsylvania's small and midsize businesses are less optimistic about
the performance of their businesses during the next six months. This
entrepreneurial outlook is an all-time low for the survey, which has been
conducted every six months since 2003.
Members of the Pennsylvania Institute of Certified Public
Accountants (PICPA) applaud the 41 Pennsylvania senators who voted to
streamline the collection and disbursement of local earned income tax (EIT)
with the passage of Senate Bill 1063. PICPA members have worked with
legislators for many years to develop this legislation.
The U.S. Postal Service within the next year will roll out a
slew of price and regulatory changes that will make it tougher for
mail-processing businesses and nonprofits to operate, industry representatives