Legislative News

Tempe and Beyond: What’s Happening In Politics?

Provided by Dorn Policy Group, Inc.  

National/State/Local: Week of October 15, 2018 

Download the PDF

NATIONAL

Recession predicted because of stock market bubble

Euro Pacific Capital CEO Peter Schiff is sounding the alarm on this week’s market selloff, saying and the U.S. economy are on the verge of a recession.

Sears files for bankruptcy

Sears, the once-dominant retail chain that changed how Americans shopped and lived, has filed for bankruptcy.  The 132-year-old company has been struggling for several years and is drowning in debt. The final straw was a $134 million debt payment due Monday that it could not afford.

Steel prices expected to fall because of oversupply and tariffs

Credit Suisse on Monday downgraded the U.S. steel sector as it expects prices to fall due to oversupply, stemming from the Trump administration’s move to slap tariffs on Chinese imports.

STATE

Ducey signs Executive Order to create program for extended research on automated vehicles

Arizona Governor Doug Ducey today announced that he has signed an Executive Order creating the Institute for Automated Mobility (IAM), a new consortium of private sector companies, public officials and university research faculty that will collaborate on state-of-the-art research in Arizona.

Metro Phoenix main source of migration for adults seeking affordable housing

With the middle-class squeezed by the rising cost of living, particularly housing costs, many average-earners find it an onerous endeavor to create a decent life for themselves and their families.  Maricopa County tops the list of desirable places to relocate with a 221,000 net population increase via domestic migration between 2012 and 2017.

Amazon wage increase could positively affect employees in Phoenix

Amazon.com's efforts to raise worker pay to at least $15 an hour could have big impacts as other retailers start raising their pay as well.  That could have big impacts in Phoenix, where Amazon already employs more than 6,000, many in its fulfillment centers.

LOCAL

Tempe testing buses to use in Orbit routes

This fall, the City of Tempe will partner with Valley Metro to test two different prototype transit buses on all Orbit routes. If successful, these buses will be candidates for replacing some of the aging light-duty Orbit fleet.

Grand opening of second Apex Customs in Tempe

What started off in a single makeshift bay in the back lot of a commercial building has grown into one of the most respected automotive customization shops in Arizona. Now spanning over 7,000 square feet with over 15 employees, Apex Customs announced this week the launch of a second state of the art location in Tempe, AZ.