The Buffalo News : Business Today

Friday, November 21, 2008

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Thriftiness returns to America


Frugality is making a comeback. Fearful that economic conditions could get worse and stay that way, Americans are showing an enthusiasm for thriftiness not seen in decades.

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Trettel expands holdings with 301 Ellicott St.


The developer who recently renovated the downtown Buffalo building depicted in Charles Burchfield’s “Rainy Night” painting has expanded his city property portfolio.

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Bailout for automakers stalls


WASHINGTON — Congress, unwilling or unable to approve a $25 billion bailout for Detroit’s Big Three, appears ready to punt the automakers’ fate to a lame-duck Republican president.

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Financial Markets



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Locals advise Power Authority in rare Buffalo board meeting

The New York Power Authority should stop pocketing profits from the sale of unused hydroelectricity earmarked for Western New York, the head of the region’s leading business organization told authority leaders Wednesday.

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Rich Products sticks to global plan

The outlook for the global economy appears gloomy, but a Rich Products Corp. executive said the company isn’t shying away from investing overseas.

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Consumer price plunge stokes fears of deflation

WASHINGTON — Consumer prices in October took their biggest monthly plunge in the six decades that records have been kept — a reprieve for shoppers but a danger sign for the economy because falling prices can make a mild recession spiral into something worse — deflation.

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Columns

David Robinson

As recessions go, this one hasn’t been too hard on the Buffalo Niagara region.

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