Monday, November 03, 2008

Quick hits: Good news and bad news about the economy

N.C. keeps 'Top Business Climate' award for fourth year
"North Carolina’s 'business climate' is best in the U.S. for the fourth consecutive year, says Site Selection Magazine.

"The magazine praised Tar Heel policy leaders for the state’s use of incentives, taxes, economic development and work force development in securing new or expanded business opportunities and jobs," says

"North Carolina has finished first in seven of the past eight years. ..."

Cherokee casino suffers in sour economy
"Brenda Wentz recently made the 2 1/2-hour drive from her home in Lincolnton to try her luck at the machines inside Harrah's Cherokee Casino.

"She brought her 84-year-old mother — who cares nothing about gambling — to see the fall colors and dine at a restaurant in the casino's hotel," writes the Citizen-Times.

"The economy and gas prices didn't keep them away. Instead, it pushed them toward a gambling trip.

" 'It gets our minds off things,' Wentz said.

"Harrah's Cherokee Casino, one of the largest private employers in Western North Carolina, is betting on people like Wentz as it braces for potential losses this year for the first time in its 10-year history. ..."

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