Economy (page 142)

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    Ruby Tuesday shrinks in a major way

    Per AL.com: Ruby Tuesday’s will close about 95 of its restaurants, the company announced Thursday. The Tennessee-based chain said the closures account for about 13 percent of all its properties. The chain operates 724 Ruby Tuesday restaurants in 44 states and 14 foreign countries [as of March]. The list…
    Michael Lowrey, August 12, 2016
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    The decline of retail, August 2016 edition

    Per Ad Age: The number of brick-and-mortar retail outposts is again on the wane as consumers shift their shopping online. Macy’s plans to close 100, or 14%, of its 728 stores, the retailer announced Thursday during its second-quarter earnings report. The brand exceeded analyst expectations by reporting a…
    Michael Lowrey, August 11, 2016
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    North Carolina’s economy on the world stage, 2015

    This post is a follow-up to an earlier post, looking at how North Carolina’s GDP compares on the world stage if NC — and the other U.S. states — were independent nations. I've highlighted U.S. states and territories in blue, and North Carolina in red. For a historical look at the ranking, see the earlier post.  This ranking is based on current-dollar annual GDP data from the International Monetary Fund and the U.S. Bureau of Economic Analysis. The data are not adjusted for population. Here is the top 100, with their gross domestic product figures given in millions of dollars:
    Jon Sanders, August 2, 2016
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    One track where NASCAR is doing very well

    The road course in Watkins Glen, NY. Yes, really. Per the Elmira Star-Gazette, in an article previewing the race coming up this weekend: While attendance totals are guarded because Watkins Glen is owned by publicly held International Speedway Corporation, track President Michael Printup hinted the crowd of…
    Michael Lowrey, August 1, 2016
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    Trump, trade, and the GOP

    James Capretta writes at National Review Online that Republicans are moving in the wrong direction if they embrace presidential candidate Donald Trump’s views on trade. Donald Trump’s conservative defenders, betraying varying degrees of embarrassment, often try to explain away their support or at least…
    Mitch Kokai, July 29, 2016
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    How big North Carolina’s economy is on the world stage

    This is a quick look at how North Carolina’s GDP compares on the world stage if NC — and other U.S. states — were independent nations. I’m giving the top 40 over the last decade, with North Carolina highlighted in red: Click the image for the full size.
    Jon Sanders, July 28, 2016
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    American Airlines defers its A350 order

    American Airlines held its quarterly earnings call on Friday. The company made a lot of money in the 2nd quarter, as you’d expect from an airline when the economy is doing pretty well and the price of oil is low. More interestingly though, the airline also announced that it…
    Michael Lowrey, July 26, 2016
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    Questioning urban planners’ assumptions

    UNC history professor Peter Coclanis reviews for the News & Observer Joel Kotkin‘s recent book challenging popular assumptions about urban dwelling. At first blush, it seems difficult to get a good read on American cities today. We hear a lot about blighted…
    Mitch Kokai, July 5, 2016