Economy

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Irish Racing Funding Cut Due to Economy

Horse Racing Ireland announced Nov. 20 a series of budgetary measures for 2009, including a reduction in prize money, a freezing of grant aid to organizations supported by HRI, a pay freeze for HRI staff and restrictions on racecourse capital development projects.

Consignors: Business Down, But Not Out

Consignors: Business Down, But Not Out

After its ninth day, which produced a session-topper of $400,000, the marathon Keeneland September yearling sale business-wise remained down. But given recent developments on Wall Street, overall economic stagnation, and the aftermath of hurricanes, things could be much worse, consignors said.

Recession Not Always Bad Sale News

A popular definition for a recession is a decline in a country's gross domestic product for two or more consecutive quarters in a year. So far, that hasn't happened in the latest economic downturn, but there is plenty of bad financial news around concerning gas prices, home values, and job losses

Commentary: Let's Get Fiscal

By Richard Zwirn - While not an economist, it was clear that these are difficult fiscal times. Costs for just about all goods and services have risen dramatically.

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