Economy

What to do when state finances turn gloomy

February 19, 2008 - Homeowners and credit card consumers aren't the only ones drowning in debt. A new analysis by the Center for Budget and Policy Priorities warns that 20 states are facing a combined budget shortfall of $35 billion in 2009, and eight more are expected to have problems.

Tennessee leads the nation in bankruptcy

By R. Neal
January 31, 2008 - According to a new report by the National Bankruptcy Research Center, Tennessee, Georgia, and Alabama have the top three highest bankruptcy rates in the nation. Arkansas, Mississippi, and Kentucky round out the top ten.

Local governments make run on Florida investment fund

By R. Neal
November 30, 2007 - Citing concerns about investments in sub-prime mortgage backed securities, Florida local governments have withdrawn billions of dollars from a State of Florida investment fund, including withdrawals of $3.5 billion in one day. The run on the State Board of Administration operated Local Government Investment Pool has resulted in a freeze on withdrawals from the fund.

Duke Energy: How not to do decoupling

September 10, 2007 - The Progressive States Network's latest Stateside Dispatch examines the concept of "utility decoupling" -- that is, giving utilities incentives to promote energy efficiency by separating their ability to make a profit from the amount of electricity they sell.