|
Posted: 10:28 PM Jan 6, 2009
Local Businesses Closely Watching Washington
Priority number one for Congress and the Obama administration will no doubt be getting the economy back on track. Whatever action is taken, the ripple effects will be felt right here at home, and some West Virginia companies are keeping a close-eye on Washington. Reporter: Will JonesEmail Address: will.jones@wsaz.com |
|
JACKSON COUNTY, W.Va. (WSAZ) -- Priority number one for Congress and the Obama administration will no doubt be getting the economy back on track.
Whatever action is taken, the ripple effects will be felt right here at home, and some West Virginia companies are keeping a close-eye on Washington.
Century Aluminum, the biggest employer in Jackson County, W.Va., is hoping a stimulus package can turn its fortunes around by providing a much needed boost to the aluminum market.
"We have situation where if the stimulus packages begin to work, demand will increase," said Jim Chapman, vice president of Century Aluminum. "If aluminum consumption goes back up, the demand and supply imbalance will not be there. Pricing will come back to the position it was at."
The price of aluminum dropped by 60 percent last year, and Century Aluminum told its 685 workers that their days are numbered if the current trend continues.
Now, company leaders are waiting to see what action lawmakers will take to deal with this nationwide economic crisis.
Latest Comments
I agree with Susan. I think I read somewhere that AEP's third quarter net profits was around $375 million. These utility companies and Big Oil are raping this country and our own government lets it happen.
[ Report Abuse ]
The Government needs to do something with AEP I don't get how someone with can legally double our bill because of some other business going out of business. To me what is there to make up. If it goes out of business then shut all the power off not add their bill to mine and others to make up for it. Something really needs to be done to control the cost of all utilitys.
[ Report Abuse ]
I hope everything works out for the best. I would hate to see all those workers lose their jobs. They have my prayers.
[ Report Abuse ]
|
Popular Searches Powered by Local.com |
- Rape victim's parents charged with child abuse
- Italian police arrest 4 in Mumbai attacks
- Hospital hearing set for Hasan
- Prosecutor: Knox resented roommate
- H1N1 cases down; vaccine access up
- Plea deal reached in Wal-Mart trial
- Anglican leader to meet with Pope
- Fans mourn end of 'Oprah' show
- Dozens missing after China mine blast
- Senate vote next step on health bill road
- Students hold buildings in protest
- CDC: H1N1 cases down, vaccine availability up
- Charge against Blackwater guard dropped
- Oprah ending talk show in 2011
- 'Summers were the worst,' says woman in sex abuse case
- Senate vote next step on what could be a long road for health care
- Attorney: Fort Hood suspect to be held in hospital
- Burned Florida teen having skin graft surgery
- New cervical cancer screening guidelines released
- Ex-U.S. official, wife to plead guilty in Cuba spy case
- Prosecutor: Knox taunted, killed victim
- Pope to meet Anglican leader amid tensions
- Scores missing after China mine blast
- Bacteria prompts nasal spray recall in U.S., Europe
- Blind students sing upon school supplies' arrival
- Peru: Arrests made in ring that sold human fat
- Right-wing activists storm TV station over 'bias'
- Football fever turns nasty in Cairo
- Man who killed wife while dreaming is released
- Police find body, 3 rifles after Saipan shooting spree
- Prosecutor: Knox tortured roommate
- Parents of 8-year-old rape victim charged with abuse
- Florida men sentenced for plotting terror attacks
- Wal-Mart line jumper to plead guilty to resisting arrest
- 'Summers were the worst,' Mohler family accuser says
- Burned Florida teen having skin graft surgery
- Hospital hearing sought for Fort Hood suspect
- Man faces murder charge in Shaniya Davis case
- Suspects sold fat harvested from corpses, authorities say
- Police: Suspect in Arkansas slayings killed in shootout
- Scrutiny for cancer screenings
- Can your doctor spot H1N1?
- Purpose found after loved ones' suicides
- CDC: H1N1 cases down, vaccine availability grows
- 'I want my mammograms!'
- What to expect in Saturday health care vote
- New cervical cancer screening guidelines released
- Vicks nasal spray recalled over bacteria
- Two men reflect national divide over health reform
- HIV+ soccer team scores against stigma
- Michigan-Ohio State and more Saturday Storylines
- Predictions for Michigan-Ohio St. and more
- Seth Davis: Syracuse will go as far as the once-reluctant Johnson carries it
- Hawks soar to league-best 11-2 on Smith's tip-in
- No. 6 Boise St. rips Utah St. to stay in BCS chase
- LeBron drops 40 as Cavs pull away from Pacers
- Death of Brees' mother ruled a suicide
- Carter's big 4th quarter carries Magic past Celtics
- Giants LB Pierce out indefinitely with neck injury
- Knicks decide against signing free-agent Iverson
- Hundreds Greet Miles Ferguson on Return Home to Portsmouth
- South Charleston Police Seek 2 Teens in Connection with 'Gruesome' Murder
- Miley Cyrus Tour Bus Overturns in Va., Killing 1
- Name Released: Man Shot in South Charleston, Found Near Mound
- Man Shot Five Times at a Home in Kanawha County, Name Released
- Ambulance Crashes while En Route to Accident, 3 Hurt
- Racial Profiling Allegations in Huntington; HPD Chief Said He Was Barred from News Conference
- Jimmy John's Delivery Guy Robbed After Making Delivery
- Child Hit By Bus in Front of School
- One Dead in Boyd County Crash, Name Released
- Hundreds Greet Miles Ferguson on Return Home to Portsmouth
602 Comments - One Dead in Boyd County Crash, Name Released
54 Comments - Huntington City Council Members Discuss Violence in Downtown Bars
30 Comments - Ambulance Crashes while En Route to Accident, 3 Hurt
21 Comments - MCTC Picks New Name, Initials Remain the Same
20 Comments - UPDATE: Two Arrested in Double Carter County Murder
17 Comments
![]() |
| PHONE IN YOUR YELLS TO: 1-866-616-5354 |
![]() |
Full 2010 Olympic coverage from the WSAZ Olympic Zone. Coverage begins Friday, Feb. 12, at 7:30p with the Opening Ceremony on WSAZ |
![]() |
A glittering holiday show full of fun and surprises for the whole family! Children thrill as Santa takes them on a magical ride to his workshop. |
![]() |
Healthy Connections Find a local health professional |
![]() |
A collection of resources here to help Moms weather the daily storms that come along with parenting. |
| SOMC Very good things are happening here |
|
| WV Lottery Nightly drawings and numbers |
|
| Big Sandy For all your furniture and appliance needs |
|
| Healthy Tri-State Tips to live a healthier lifestyle |





