With a cautious eye on economic recovery more Americans intend to travel this year for Thanksgiving than last year. AAA projects 38.4 million Americans will travel a distance of 50 miles or more away from home throughout Thanksgiving weekend, a 1.4 percent increase over last year when 37.8 million traveled for the holiday. Overall, the numbers show an even greater number of people who plan on driving (86% of all travelers). Florida is projected to show a 3 percent increase in overall travel versus 2008.
On the 24th of June, the Clearwater Regional Chamber of Commerce held an economic forecasting summit entitled “Banking on your Business,” featuring the President and Chief Executive Officer of the Florida Bankers Association (FBA), Alejandro “Alex” Sanchez, who predicted an economic upturn in the near future. “Things are getting better,” he said repeatedly throughout his speech.
Recognizing in times of economic trouble, people look to art & entertainment for relief, direct mail marketing company PostcardMania has decided to sponsor a local art show featuring artist Colin O’Neal.
An unpredictable economy drives people to invest wisely
By Robert Harwood
Heritage Tax & Retirement Advisors, LLC
LARGO, FL – It’s hard to talk about inflation without sounding like an old geezer: “I remember back in 1940 when gas was only 18 cents a gallon!” But this is 2008 and times have dramatically changed. Less than five years ago we can remember the price of gas was below $2 per gallon.
According to the U.S. Department of Commerce and a statistical abstract of the United States, in 1940, a loaf of bread cost 8 cents and a first class postage stamp cost 3 cents. By 1970, those prices had inflated to 24 cents per loaf and 6 cents per stamp. By 2002, inflation had pushed those prices to $2.99 per loaf and 37 cents per stamp. Today, the average loaf is $3 per loaf and stamps will be 42 cents this May.