Invista layoffs will drive up the unemployment in Waynesboro, but the city likely will not be hit as hard as others by the recession, a state economist said Tuesday.

The trends for the Christmas economy of 2008 are not looking bright according to a national polling organization.

Halloween has not become a sacrifice despite the spooky economic environment, according to local and national retailers.

Stock prices gyrated Friday, radiating mixed messages beyond Wall Street.

Dow’s wild ride only a part of worldwide financial crisis

Despite the plunge in financial markets, area businesses are buoyed by Shenandoah Valley banks, which are on more solid footing than national institutions such as Wachovia, experts said Wednesday.

Reports to police of gas pump drive-offs have plummeted this year throughout Augusta County despite increased fuel prices and an economy on the brink of collapse.

NEW YORK — The economic crisis and raw politics threatened to derail the first presidential debate as John McCain challenged Barack Obama to delay the Friday forum and join forces to help Washington fix the financial mess. Obama rebuffed his GOP rival, saying the next president needs to “deal with more than one thing at once.”

The two candidates hoping to succeed John Warner as a Virginia U.S. Senator mirror the growing partisan divide over the proposed $700 billion federal bailout of the country’s financial industry.

WASHINGTON — Refusing to be pushed, Republicans and Democrats alike rebuffed dire warnings Tuesday from the government’s top economic officials of recession, layoffs and foreclosed homes if Congress doesn’t quickly approve the administration’s emergency $700 billion financial bailout plan.

VERONA — A quartet of area economic experts offered less gloom and doom about the current economy and more optimism Tuesday night at a forum sponsored by the Augusta County and Staunton Republican committees.

Construction crews relying more heavily on renovation work as effects of faltering economy continue to be felt

The economic slump is closing in on consumers’ pockets – and area real estate agents are feeling the effect.

Ronald T. Wilcox, a business professor at the University of Virginia, has written a book about America’s spendthrift ways.
The current rate of savings for Americans hovers around zero, he says. His first book, “Whatever Happened to Thrift,” was published this month.
What is the book about?