Economics & Economy

The Bottom Line vs. the Waistline

Jan 8, 2016

It’s the time of year when people may be feeling they are maxed out on their credit cards. So is it time to go ‘cash only?’  Researchers at Virginia Tech’s Pamplin School of Business warn, there’s a subtle catch to using cash. It may lead you to splurge even more. 

Many people believe paying with cash instead of credit cards can help your bottom line.

“ You know cash is more painful to spend with right, so you actually feel the money leaving your pocket and you feel the pain, the psychological pain of spending.” 

Crab Shanty By: Neil Kaye http://www.tangierisland-va.com/

“I tell people erosion's been going on but when it gets to your doorstep you pay more attention to it. Yeah, we don't have a lot of time to work with.”

Tangier Mayor James Ooker Eskridge has been giving tours and talking with the media for years. But today he has the eyes and ears of Norfolk Army Corps of Engineers newest district commander, Colonel Jason Kelly.”

“Has that been the plan, I mean really just retreat is that the way over the years you handle the erosion. Just relocate?”

It’s a budget year in Virginia -- meaning during this year’s legislative session the Governor and General Assembly will work to craft how the state spends its money for the next two years….

Governor Terry McAuliffe won’t reveal his proposed budget until next week, but Wednesday in Richmond he did announce a plan to issue $2.5 billion in bonds. Money from those bond sales will largely go to the state’s colleges. 

shortpumpmall.com

It looks like a strong Holiday buying season is in the forecast for Virginia. That’s according to the latest Virginia Consumer Sentiment report from the Roanoke College Institute for Policy and Opinion Research.

Virginians are generally feeling better about their financial situations. Alice Kassens is a Senior Analyst with the institute and professor of economics at Roanoke College; she says the report found that this consumer sentiment is at its strongest level since the recession.

Virginia's Oyster Trail

Nov 10, 2015

 Governor McAuliffe traveled to the Northern Neck this week to fire up the Virginia Oyster Trail. 

That’s an initiative he announced last year that connects 250 miles of seafood producers, restaurants, wineries, craft breweries and artisans around the Chesapeake Bay's rural communities. 

Instead of the traditional ribbon-cutting ceremony the governor and his Virginia Oyster Trail team shucked an oyster and slurped.

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