» Economy

The Financial State of Modern Journalism

In: Economy, Media, Politics

I thought I’d break up the talk about election fraud and voter turnout to point to a blog post I saw earlier today.
This is a quote from an actual memo sent to reporters and editors at the Raleigh News & Observer about Election Night (courtesy of Romenesko Memos):
From: “Susan Spring”
Date: November 3, 2008 11:46:07 AM […]

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I received a news release from the Manufacturer & Business Association yesterday pointing to the group’s annual awards dinner next Wednesday.
As always, the Association offers awards to Erie-area businesses that have achieved longevity milestones. And, as always, I’m amazed at the sustained success of many of the region’s small companies.
Consider, for instance, Trost & Steinfurth […]

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On the Ground in Erie

In: Economy, Erie, Pa., Philanthropy

I arrived in Erie tonight and am scheduled to speak with members of the Association of Fundraising Professionals’ Northwest Pennsylvania chapter early Thursday morning.
I’m looking forward to getting the chance to talk about the impact of the economy on philanthropy and to announce some positive news about a prominent Erie institution.
I’m also looking forward to […]

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Investors and employees at Erie’s GE Transportation have likely seen the Fortune magazine article that paints a bleak picture of the company’s future.
Here’s a letter to the editor posted on GE.com in response to the piece:

“GE under Siege” (Oct. 27 edition) did a disservice to Fortune readers by failing to provide balance and perspective on […]

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We talk a lot in this space about Erie’s brain drain — the idea that a lot of the area’s best and brightest young minds leave the area for better opportunities elsewhere.
And one of the goals of this Web site is to help create an environment in Erie that creates more opportunities for those who […]

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Rethinking Alan Greenspan

In: Economy, Politics

I’ve been wondering to myself how long it would take for folks to begin questioning the role former Federal Reserve Chairman Alan Greenspan played in creating the current economic mess.
Greenspan was manning the controls for when a lot of the conditions that set up this crisis took hold.
Today, the New York Times answered my question.
I […]

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As Erie County, Pa., takes steps to boost its tourism and convention business, so, too, is Erie County, N.Y.
The Buffalo News reports today that Buffalo is seeing quite a healthy increase in tourism business this year.
The reasons are many — most notably the strong Canadian dollar, which is prompting more Canadians to cross the border […]

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By most accounts, Erie’s economy has held up fairly well in recent months when compared with other parts of the country.
The low real-estate prices — and the fact that Erie’s economy isn’t too reliant on financial services — has helped temper some of the shocks that are being felt elsewhere.
But the plunge in manufacturing in […]

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The House of Representatives today approved the revised Wall Street bailout package.
U.S. Rep. Phil English, who voted no on the first package last week, again cast a “no” vote today.
Here’s his statement on his vote:
“The challenges facing our financial markets are real and Congress should have engaged in a deliberative process to craft a measured […]

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Erie’s largest employer is getting some financial help from the world’s richest man.
Billionaire investor Warren Buffett said today that his company, Berkshire Hathaway, is putting $3 billion in new capital into General Electric Co. — the corporate behemoth that has been struggling with its capital recently.
This could bring good things to life for Erie investors, […]

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About 'Outside Erie'

Peter PanepentoAfter more than six years working as a journalist in Erie, I'm now the web editor for the Chronicle of Philanthropy in Washington, D.C., and the publisher of GlobalErie.com. I still maintain close ties to Erie - a community that I care about deeply. I hope this Web site can help inspire a better future for Erie.


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