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Moody’s analyst: Arizona at risk of slipping back into recession
Arizona is at risk of falling back into recession, according to a senior analyst from Moody's. The state is showing declines in consumer spending, said Chris Lafakis, an economist with the international financial research firm. But local economists disagreed with the assessment.
Tourism leaders look to rebuild state’s brand in wake of SB 1070 controversy
At FireSky Resort and Spa, Jim Hollister’s inbox swelled with e-mails from guests demanding cancellations just after SB 1070 became law. But the general manager of the luxury resort said... […]
Experts: Arizona years away from economic recovery
Experts say Arizona is still three to four years away from a full economic recovery.
After furloughs, states mull permanent cuts
Moving from furloughs of state employees to more permanent downsizing, states are girding for the deepest workforce cuts yet when they hammer out their fiscal 2011 budgets next year. In preparation, many are taking stock of every position in state government to determine what effect job cuts and the possible elimination of whole departments will have on revenues, expenses and the quality of govern[...]
States’ fiscal problems have never been worse
World War II jolted the U.S. out of its last massive financial crisis, but with no global war to propel a recovery this time states are scrambling to staunch the red ink splashing across their budget sheets.
