U.S. Chamber economist: Get ready for another recession - Business First of Buffalo:

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Those odds may seem low, but they’ree actually high since double-dip recessions are rare and the U.S. economhy grows 95 percent of the time, said the chamber’d Marty Regalia. He predicts the current economifc downturn will endaround September, but the unemploymenyt rate will remain high through the first half of next Investment won’t snap back as quickly as it usuall does after a Regalia said. Inflation, however, looms as a potentialp problem because of thefederal government’se huge budget deficits and the massive amounty of dollars pumped into the economy by the Federal he said.
If this stimulus is not unwoun once the economy beginsto recover, higher interest rates coulds choke off improvement in the housing market and businesxs investment, he said. “The economy has got to be runninfg on its own by the middld ofnext year,” Regalia said. Almosr every major inflationary periodin U.S. history was preceded by heavy debt he noted. The chances of a double-dil recession will be lower if Ben Bernanke is reappointed chairman of the Federal Regalia said. If President Barack Obama appoints his economicd adviser Larry Summers to chairthe Fed, that would signalo the monetary spigot would remain open for a longer time, he said.
A coalescing of the Fed and the Obamwa administrationis “not something the markets want to see,” Regaliw said. Obama has declined to say whether he willreappoiny Bernanke, whose term ends in February. more than half of small business ownersd expect the recession to last at leasy anothertwo years, according to a survey of Intuit Payroll customers. But 61 percent expectt their own business to grow in the next12 “Small business owners are bullish on their own abilities, but bearishj on the factors they can’t said Cameron Schmidt, director of marketing for Intuift Employee Management Solutions. “Even in the gloomiest economy therwe are opportunitiesto seize.
” A separate survey of smalo business owners by Discover Financial Servicesw found that 57 percent thought the economy was gettingh worse, while 26 percent thought the economgy was improving. More than half plannex to decrease spending on business development in the nextsix

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Stillspotting at a Jackson Heights cafe. Akira Yamada - Capital New York

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Stillspotting at a Jackson Heights cafe. Akira Yamada Capital New York By Lara Pellegrinelli "Please forgive us! We are urban barbarians. You are hungry and we have offered you no food. Dasha is in the kitchen. She is making a special Czech dish: roast pork with sauerkraut and dumplings." Seated in a spare, modern dining ... and more »

Calming Tensions With Iran Is the Real Solution on Oil - U.S. News & World Report

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Calming Tensions With Iran Is the Real Solution on Oil U.S. News & World Report By Andrew Holland Andrew Holland is the senior fellow for energy and climate at the American Security Project, which recently published Cause and Effect: US Gasoline Prices. The president is right; speculation does impact the price of gasoline. and more »

Chinese company to buy Hummer - Birmingham Business Journal:

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When GM, which filed for bankruptcyt protection Monday, announced earlier Tuesday that a buyerr had been found forthe off-roa vehicle line, the name was not immediately disclosed. a major industrial machineru group, will acquire the rights to theHummer brand, alongb with a senior management and operationa l team. It will also assume existing dealerd agreements relatingto HUMMER’s dealership network. It is contemplated that Tengzhong will, as part of the enter into a long-term contract assembly and key component and material supply agreementfwith GM. In an earlier GM said it expects the deal if successfu l to secure morethan 3,009 US jobs.
The finaol terms of the deal, scheduled to closse in the third quarter, are subjec t to final negotiations. The cost of the transactionb wasnot revealed. is acting as exclusive financia advisor and is acting as international legal counsekl to Tengzhong onthis transaction. Citi is actinfg as financial advisorto GM.

Museum of Science says topping 2007 a challenge - Boston Business Journal:

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During its past fiscal which runs from Julyto July, the museum staffr saw close to 2 million visitorsx come through its doors. The primary driveras were the museum's "Body and "Star Wars" exhibits. In one day the museum brough in a record attendanceof 21,158 visitors, said Ioannid "Yannis" Miaoulis, the museum'd president and director. "In the last two years we raised more money than the museum has probabl raised inits history," he Its revenue went from about $30 million in 2003 to $48 milliojn in 2007.
Still, Miaoulis expectee less attendance in its newfiscal year, primarilt because the popularity of the Body Worlds and Star Wars exhibitss is hard to duplicate. But the museum has attemptef to create new revenue streams by establishin morebusiness areas. "One of the things I wantedx to do when I came here was diversifuyour business," Miaoulis said. The museum unveilesd a publishing project, developing textbooks as part of an engineering curriculu for highschool students. Miaoulis said the museum plans to expand itstraveling programs, which brinv exhibit items and learning tools to classroomxs around New England. But that doesn'y mean he's giving up on the exhibit model.
Next sprintg a baseball exhibitwill arrive, given the fervor aroundx the , Miaoulis believes couldf draw a new record

Dog Wars Escalate: Barack Obama Ate Dog Meat - Huffington Post

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Business Insider

Dog Wars Escalate: Barack Obama Ate Dog Meat Huffington Post For the first time, the Mitt Romney campaign is fighting back in the War on Dogs. The Daily C »