Morning Economic News

Morning Must Reads: Trust Us, Would We Lie To You Again and Again and Again...

Reuters reports on a poll of Wall Street executives on the subject of honesty.

A quarter of Wall Street executives see wrongdoing as a key to success, according to a survey by whistleblower law firm Labaton Sucharow released on Tuesday.

Midday Must Reads: Are We Getting What We Bargained for with the Gas Industry?

Stealthily included in the flurry of bills passed as part of the Pennsylvania budget is a provision that puts a moratorium of up to six years on gas drilling in parts of southeastern Pennsylvania. Columnist Walter Brasch, writing in the Hazelton Standard Speaker, had a few questions for the lawmakers who approved that concept.

Morning Must Reads: Midstate Employment and More Post-Budget Analysis

Jobseekers in Central Pennsylvania might be able to smile, if only for a short while. A new report shows slight uptick in the employment rate in the midstate, with four counties in the area showing increased employment rates.

Midday Must Reads: The Post-Budget Edition

Just days after Governor Tom Corbett signed the Pennsylvania state budget a few minutes before midnight, the effects are transparent — even if the process was not. To start things off today, the Harrisburg Patriot-News takes a look at the newly passed state budget.

Daily Must Reads: Not Much Change in Local Unemployment Rates

Just as Pennsylvania’s jobless rate stayed stuck at 7.4% last month, most communities across the commonwealth saw little change in their May unemployment rates, according to data released by the state Monday. 

Daily Must Reads: Budget Cuts HIt General Assistance, County Human Services, Early Childhood Education

With the race to finish the state budget under way in Harrisburg, newspapers are taking a look at the fallout of budget cuts and how they will hurt citizens across Pennsylvania. WHYY's Newsworks reports that the state is getting ready to cut off General Assistance benefits effective next month, but no one is telling the people who will be directly impacted.

Morning Must Reads: Piecing Together the Budget Framework

Some details emerged Thursday about the state budget framework unveiled midweek by Governor Tom Corbett and legislative leaders, but questions still remain. More details may be available later today when budget spreadsheets are released.

Funding for county human services is one area that appears to be in flux, as some House Republicans continue to voice concerns about a plan to block grant and cut that funding. 

Morning Must Reads: Governor Corbett, Legislative Leaders Agree on State Budget, Cracker Tax Credit

The big news this morning is that Governor Tom Corbett and state legislative leaders have reached agreement on the framework for a $27.65 billion state budget. The framework was announced after reports of an expected revenue surplus in June of $100 million. (The Pennsylvania Budget and Policy Center noted last week that the state's revenue outlook has improved significantly in recent months.)

Budget negotiators are keeping mum on the details of the plan until rank-and-file lawmakers can weigh in. The overall budget framework is a step up from the cut-heavy plan the governor unveiled in February. But as The Associated Press reports, it is still likely to include a 10% cut to county human services, the elimination of a modest benefit for temporarily disabled adults who are out of work, and new tax cuts for businesses.

Daily Must Reads: Layoffs in the Public Sector, Jobs at the Cracker Plant and Liquor Privatization Pushed to Fall

The New York Times this morning takes a look at layoffs in the public sector across the country and what they mean for education, law enforcement, and overall unemployment. The story shines a light on recent public-sector layoffs here in Pennsylvania, with a little context provided by our own Mark Price.

Morning Must Reads: Higher Liquor Prices in Washington and a $100 Million June Revenue Surplus

As the debate over privatizing wine and spirit operations in Pennsylvania looms, The Patriot News takes a look at what privatization brought to Washington State — higher liquor prices. Voters approved the privatization of Washington’s state-run liquor stores effective June 1 (beer and wine is already for sale in private retail outlets in the state). The Patriot story is critical reading for Pennsylvania lawmakers considering privatization.

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