JLF Western N.C. Blog

That Ever-Booming Recovery

Today’s news is replete with economic indicators:

  • Fifty bank-owned properties in northwestern North Carolina will be auctioned. Not too long ago, if bank-owned was in the lexicon, it wasn’t used very much.
  • Whitely Products closed its Franklin facility, leaving 100 people unemployed. The factory closed suddenly after its bank failed to give it the money it required to continue operations. Whitely closed its Indiana facilities as well.
  • People in Columbus are turning to thievery.
  • An audit discovered dozens of innkeepers are evading Haywood County’s 4% tourist tax. Maybe this is a sign we should raise taxes and exempt more exotic excursions for the rich than travel and entertainment.
  • Gun sales are up.
  • And so is unemployment.

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