Darrell Proctor is a publishing industry veteran with more than 30 years' experience writing about business, technology and sports. He spent more than a decade at the St. Petersburg Times and later the Rocky Mountain News, where he authored the Mile High Tech blog and was noted for his reviews of consumer electronics and technology. Questions for Darrell? Drop him a line at techexaminer@gmail.com.

More Articles
Topics

Index indicates nine-state region could see more severe recession

Dow loses nearly 680 points; manufacturing activity at 26-year low

Economists confirm it: U.S. in recession for past year

Ford may sell Volvo in effort to raise cash

Athletes' endorsement deals also victims of down economy

Examiner Feeds

These websites were picked by the Business Examiner as useful resources.

View: All Sources

An In-Depth Look at Nokia’s Hardware Damage Labs

Tech Crunch - 1 hr 2 mins ago

A Tale of a Young Boxer's Redemption

Wall Street Journal - 1 hr 6 mins ago

Playing Guitar Hero could make you want to do something besides play video games

Engadget - 1 hr 6 mins ago

Dell is Coming Up With New Laptop Skins

Ubergizmo - 1 hr 10 mins ago

Nokia E71 available on Rogers for $49 with 3-yr contract

CrunchGear - 1 hr 10 mins ago

Business Examiners

Careers and Workplace Examiners

Business News

Laptop News and Reviews

Television Reviews

Wireless HD

Wireless High Definition Network

Saving Energy

National Examiners

Stile E. Coyote
Men's Style Examiner
Most Recent Post
Gifts under $50: Guinness Spoon

Sakre Heinze
Tori Amos Examiner
Most Recent Post
DVD News?

Gaby Cora
Workplace Health Examiner
Most Recent Post
Workplace Health: World’s AIDS Day

Jacob Osterhout
College Sports Examiner
Most Recent Post
Kentucky's point guard of the future decides he's ready to play, and Gillispie agrees

Jay McDonough
Progressive Politics Examiner
Most Recent Post
A picture for the day

Send us your topic suggestions

Index indicates nine-state region could see more severe recession

Add a Comment

December 1, 5:16 PM

by Darrell Proctor, Business Examiner

An economic survey released today shows the U.S. recession could be more severe in a nine-state region that includes Midwest and South-Central states.

The Business Conditions Index from Creighton University in Omaha, Neb., fell to 37.8 in November, its lowest ever. That follows on the heels of a 39.9 reading in October, the previous record low.

A 50.0 reading indicates neutral growth. The survey includes Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

These readings are much lower than those recorded before and during the 2001 recession. The regional economy is now in a recession and I expect it to rival the recession of 1981-82 in terms of joblessness and job losses." - Ernie Goss, Creighton University economics professor

The report also contains an employment index, which dropped to a record low 39.0 in November. That's a dramatic drop from 47.4 in October.

Said Goss in a statement: "I expect regional job losses to mount in the months ahead with rapidly rising unemployment rates for most states."

Topics: Jobs , market

Feed

Comments

Dow loses nearly 680 points; manufacturing activity at 26-year low

2 comments

December 1, 3:27 PM

The good mood that prevailed on Wall Street last week quickly vanished in the first day of trading after the long holiday weekend.Despite reports of strong sales on Black Friday, investors remain cautious about holiday shopping numbers, and they... Read More
Topics: market

Economists confirm it: U.S. in recession for past year

Add a Comment

December 1, 10:58 AM

You've heard about it, read about it, and most likely experienced it.And now it's been confirmed - the United States has been in a recession since December 2007.The National Bureau of Economic Research made it official today. The NBER is a group of economists... Read More

Ford may sell Volvo in effort to raise cash

Add a Comment

December 1, 10:35 AM

Ford Motor Co. is looking at many options as the struggling automaker attempts to raise cash. Reports today say Ford is considering selling Volvo, its Swedish subsidiary. Ford executives would not talk about how selling Volvo would impact either company.... Read More
Topics: autos

Athletes' endorsement deals also victims of down economy

Add a Comment

November 30, 9:37 AM

Athletes may still have their multimillion-dollar contracts, but their income from those lucrative endorsement contracts may be dwindling.This Associated Press article points out that the end of golfer Tiger Woods' deal with Buick may be just the beginning... Read More
Topics: market , NASCAR , golf

Manny Pacquiao is Philippines' $20 million man

Add a Comment

November 28, 4:20 PM

You may never have heard of Manny Pacquiao, but you might very soon.Pacquiao is a Filipino boxer, and most likely the most famous man in the Philippines. He's set to fight Oscar De La Hoya on Dec. 6 in a WBC welterweight match. (Read more about Pacquiao... Read More
Topics: boxing , Manny Pacquiao

Auto industry's 'Job Banks' program means unemployed workers keep getting paid

1 comment

November 28, 1:37 PM

The auto industry went to Congress to ask for a handout, but automakers are still waiting for cash to come their way.There were several arguments for and against an auto industry bailouit. Lawmakers were upset with some of the industry execs' perks,... Read More

Retiring, and don't like taxes? Here are 10 locales to check out

Add a Comment

November 28, 9:30 AM

The good folks over at U.S. News and World Report figured some of you could use a break from spending money today, and instead figure out ways to save it.That's of particular interest to retirees, who want to know the best ways to stretch their (in many... Read More

(Red) group launching music service to aid Global Fund

Add a Comment

November 26, 1:31 PM

Choose red. That's been the slogan behind a global relief effort to raise funds to buy medicine for the HIV and AIDS-afflicted in Africa. Bono, the international political activist - some folks know him better as the lead singer for U2 - organized (Red),... Read More

From $7 trillion for the bailout, a bad economy by the numbers

1 comment

November 26, 8:59 AM

The lede of this Associated Press story tells the story about as well as anyone could:The government released a quartet of reports Wednesday that paint a bleak picture of the nation's economy: Jobless claims remain at recessionary levels, Americans cut... Read More
Topics: market