October 9, 2012 |
WASHINGTON - As a lofty political debate over taxes and spending plays out on the presidential campaign trail, a more practical one is unfolding this week in Virginia as eight senators try to strike a bipartisan deficit reduction deal. The senators are holed up in a Mount Vernon conference room seeking a way to avoid the so-called fiscal cliff - the year-end confluence of automatic tax increases and budget cuts that could stagger the economy and American households. Failure to act could slice half a percentage point off economic growth next year and deliver a tax increase averaging $2,000.
January 9, 2013 |
The shutdown of a 102-year-old California manufacturing company points to a major flaw in California's industrial development policy: We don't have one. The company is Pneumatic Scale Angelus, which turned out top-of-the-line machines for sealing lids on soda and beer cans from a factory in Vernon. That was a niche business but not a small one, since bottling companies the world over were Angelus customers. As we reported just after Christmas, Angelus employees were told on Nov. 2 that its owner, privately held Barry-Wehmiller Cos., would shut down production at the plant Jan. 1 and move it to a factory in Ohio.
March 2, 2004 |
Voters in California and nine other states could essentially end the Democratic presidential race today, anointing John F. Kerry as the party's pick while derailing John Edwards' candidacy. A day before Super Tuesday, Edwards focused on two states he hoped to win -- Ohio and Georgia -- and insisted that he would continue his candidacy into the next round of contests, which will be held in his native South on March 9.