Stories tagged with recession

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Priming the pump
October 16, 2008
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The Baltimore Sun endorses Congressional Democrats’ plan to jolt the economy with a second stimulus package directed towards job-creating transportation projects.

Road funds may fall by $2.6 billion over 6 years
October 16, 2008
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An economic downturn and falling gas tax revenue puts Virginia’s transportation system in a tough spot. (Associated Press — Larry O’Dell)

Governors call for new approach to transportation
October 15, 2008
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Sarah Karush of the Associated Press examined Transportation for America’s plan to rebuild our economy with smart investment in infrastructure, and found support from Virginia Governor Tim Kaine, Pennsylvania Governor Ed Rendell, and former Maryland Governor Parris Glendening. The entire article is printed below.

Politicians, transportation experts seek billions for highways, railroads
October 15, 2008
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Pennsylvania Governor Ed Rendell, House Speaker Nancy Pelosi, and others are pushing for second stimulus package that would jumpstart our economy with a targeted investment in infrastructure. (Dallas Morning News — Michael Lindenberg)

G.M. and Chrysler Explore Merger
October 14, 2008
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With the auto industry getting hit on all sides amidst the economic crisis and credit crunch, Detroit giants G.M. and Chrysler are considering teaming up in a historic merger. (New York Times — Bill Vlasic and Andrew Ross Sorkin)

Global auto market may “collapse” in 2009: J.D.Power
October 10, 2008
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A prominent industry tracking firm suggests that the car market could cave in next year due to economic insecurity and the credit crisis. (Reuters)

Cash-Strapped Drivers Scrimp Despite Cheaper Gas
October 10, 2008
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Reduced demand and the worldwide stock market dive have sunk gas prices, but many Americans are finding few good reasons to start logging more miles on the road. (Wall Street Journal — Ana Campoy)

Tough economy may cost Chicago transit riders
October 10, 2008
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Chicago Transit Authority officials consider raising fares, and generating $42 million in revenue, in order to offset high fuel prices and a slumping economy. (Associated Press)

Little joy at slide in gasoline
October 8, 2008
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While the stock’s market plunge is sinking oil demand and in turn lowering gas prices, Americans desperate to cut more costs are feeling little relief. (Los Angeles Times — Ronald White)

Oil prices fall further on demand fears
October 3, 2008
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A negative economic outlook and continued drop in demand drags down the price of oil. (AFP)

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