— Despite the impact of losing GM in Janesville, Chicago Federal Reserve researcher Bill Testa says Wisconsin has probably seen the bottom of this “Great Recession.” “We are still on the downside of a burst ‘asset bubble’ in housing, stocks and a financial crisis different in character than what we’ve seen in the past several recessions,” Testa said during a talk at Edgewood College in Madison. Facing a negative third quarter 2009, Testa’s Chicago Fed Board researchers predict a positive GDP in the fourth quarter 2009, leading the country out of the “Great Recession” into a jobless recovery. See more from Testa’s talk: http://www.wisbusiness.com/index.iml?Article=165125 — WisBusiness columnist Kevin McKinley says the increased debate over Social Security has inspired some twisting of the truth about the past, present, and future of the program. He uses his latest column to flesh out the difference between fact and fiction: http://blogs.wisbusiness.com/bizopinion/2009/07/understanding-social-security.html — Wisconsin and nine other states are asking the EPA to allow more of the biofuel ethanol to be used in gasoline. Governor Jim Doyle and nine other Midwestern governors have asked the agency to increase the allowable level of ethanol in gasoline to 15 percent, up from its current limit of 10 percent. The governors argue in the letter that increasing blending limits would expand the use of ethanol and help transition to the next generation of biofuels. See the letter: http://www.midwesterngovernors.org/resolutions/Blend_wall.pdf — Eight faculty members from six UW System campuses have received awards of up to $50,000 to develop commercial applications of their research. The grants will go toward faculty research in areas like high-performance batteries, solar cells, nano-wire production and various medical applications. The money comes through the Applied Research Grant Program, a collaborative effort between UW System and the WiSys Technology Foundation. See details: http://wispolitics.com/1006/090721_UW_Economic_Grants.pdf TOP STORIES Patrick Cudahy’s lessons learned: The magnitude of the fire that heavily damaged the Patrick Cudahy Inc. meat processing plant created a complex challenge for firefighters, but the experience underscores the importance of advance disaster planning, say local emergency officials. Union plumbers picket Hooper Corp. : Union plumbers working for Madison’s Hooper Corp. set up a picket line Monday and this morning outside the property at 2030 Pennsylvania Ave. to press management for good terms prior to an upcoming meeting on a new contract. The previous contract expired May 31. JBS to pull corporate offices out of Green Bay: JBS S.A. is relocating corporate offices from Green Bay to the company’s North American headquarters in Greeley, Colo. “All shared services will now be located in our Greeley headquarters,” said Chandler Keys, a spokesman with JBS USA. “There will be some sales and fiduciary jobs that will stay in Green Bay, but all the shared services will be relocated.”
************************************************************ See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler: ************************************************************
BIOTECH (back to top)
ECONOMY (back to top) – State bankruptcy filings up 30% at midyear – RedPrairie reports first half revenue of $130 million
MANUFACTURING (back to top) – Brown Shoe recalls children’s clogs
INVESTING (back to top)
REAL ESTATE (back to top) – InterContinental hotel wins Travel Green Wisconsin certification
AGRIBUSINESS (back to top) – Drought persists for northern Wis. farmers
TRANSPORTATION (back to top)
REGULATION (back to top)
TOURISM (back to top) – Waukesha County Fair attendance up 30%
HEALTH CARE (back to top) – State dentists donate $1M in oral care
MANAGEMENT (back to top) PRESS RELEASES (back to top) For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82 |
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