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Economic report critical of further state budget cuts

12/01/08 Mitch E. Perry
WMNF Drive-Time News Monday
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It’s now official. For nearly a year, the U.S. economy has been in a recession.

That announcement came today from the National Bureau of Economic Research, the agency body charged with making that declaration. It’s the first official recession since 2001. And it follows two negative reports produced today on the economy.

According to the Institution for Supply Management, the manufacturing industry suffered its worst month since 1982. Also, a separate report from the Commerce D...

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ACORN supports Crist's call for freeze on foreclosures

11/25/08 Mitch E. Perry
WMNF Drive-Time News Tuesday
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One advocacy group that supports Gov. Charllie Christ’s idea to put a freeze on foreclosures is ACORN, the Associated Community of Organizations for Reform Now.

ACORN is working in Florida and across the country in trying to keep homeowners having problems with their mortgages from being foreclosed.

They have also endorsed the proposal made by FDIC Chairwoman Sheila Bair to use as little as $25 billion of the $700 billion bailout to guarantee up to half of the loss that may result fro...

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British financial historian criticizes Hank Paulson listen

11/24/08 Mitch E. Perry
WMNF Drive-Time News Monday
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Niall Ferguson is a financial historian and author of the new book,The Ascent of Money. He told WMNF today that President-elect Barack Obama has had to make the moves he’s made recently because the country is demanding leadership on the economy.

That’s Niall Ferguson, a professor of history at Harvard University and a senior fellow at Oxford University in England. He’s also the author of The Ascent of Money. We’ll speak to him about his new book on tomorrow night’s newscast....

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Prins on rescue plan for troubled assets

11/22/08 Mary Glenney
From A Woman's Point of View
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Economist Nomi Prins brings us up to date on the economy. She is a senior fellow at the Public Policy Center Demos and is the author of Other People’s Money and Jacked: How “Conservatives are Picking Your Pocket.

She is a reformed Wall Streeter and frequent contributor to Mother Jones and The Huffington Post. Bringing us up to date on the economy, she helps us understand what has transpired and where we are headed.

For more information, visit [NomiPrins.com](http://www.n...

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City Council debates use of foreclosure revenue listen

11/20/08 Mitch E. Perry
WMNF Drive-Time News Thursday
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Tampa City Council officials were expected today to rubberstamp a proposal by Mayor Pam Iorio that will allow the city to receive $13.6 million to address the foreclosure crisis.

But one City Councilman’s objections led to a much longer debate this morning at Council chambers.

Cindy Miller is director of the Growth Management and Development Services for the city of Tampa. She says the plan is to purchase or refurbish approximately 110 properties, with a concentration of homes in the...

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Demand at food banks up 25 percent listen

11/20/08 Mitch E. Perry
WMNF Drive-Time News Thursday
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As the number of the unemployed rise, the country’s food banks are also struggling to feed more people who are now unemployed or just down on their financial luck.

Today the region’s biggest food bank, America’s Second Harvest of Tampa Bay, conducting its 14th annual Empty Bowls Luncheon at Lykes Gaslight Park.

The Wall Street Journal reported today that food banks historically have depended on donations from food manufacturers and large supermarket chains. But in recent years,...

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Florida's budget woes to worsen listen

11/19/08 Mitch E. Perry
WMNF Drive-Time News Wednesday
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Florida’s budget woes are expected to get worse. Later this week, state forecasters are expected to announced that the current budget will fall short by as much as $2 billion.

Florida’s Chief Financial Officer, Alex Sink, has said that the state should hold a Special Session to deal with the worsening crises. New House Speaker Ray Sansome says the state can avoid the cost of a special session by tapping state reserves and dedicating the first two weeks of the regular session to findin...

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Pollster: Americans want auto industry bailout listen

11/14/08 Mitch E. Perry
WMNF Drive-Time News Friday
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The Senate's senior Democrat is asking the top Republican to allow votes next week on new emergency loans for the Detroit Three automakers and more jobless aid to the unemployed.

Harry Reid wrote to GOP Leader Mitch McConnell today asking him to clear Republican roadblocks to passing the package in a post-election session that begins Monday. Reid says aid for the auto industry and jobless is "especially urgent."

McConnell has not taken a public position on such a plan. He is calling in...

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Scribe urges more government spending listen

11/11/08 Mitch E. Perry
WMNF Drive-Time News Tuesday
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A new USA Today/Gallup poll shows nearly 7 out of 10 adults, or 68 percent, say they have a favorable opinion of President-elect Barack Obama; and almost as many, or 65 percent, say they think the country will be better four years from now.

That’s much higher expectations than for either Bill Clinton or George W. Bush after they were first elected. In both cases, slightly more than 50 percent said they thought the country would be better off in four years.

Andrew Kohut, director of t...

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Castor backs Job Creation and Unemployment Relief Act listen

11/10/08 Seán Kinane
WMNF Drive-Time News Monday
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On Friday, President Elect Barack Obama called for swift passage of an economic recovery package. Today, U.S. Rep. Kathy Castor, D-Tampa, wrote to Obama encouraging him to support the Job Creation and Unemployment Relief Act, H.R. 7110 that passed the House 264-158 in September.

WMNF asked Castor what that bill would do for Florida, if signed by the president.

“[The Tampa Bay area is] one of the top communities across the country with foreclosures, and that’s just not acceptable.â€...

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