Veteran journalist Carl Hoffman believes he’s solved one of the great mysteries of the 20th century. In 1961 at the age of 23, Michael Rockefeller – son of New York Governor Nelson Rockefeller and a member of one of the richest and most powerful families in America ¬– travelled to remote New Guinea in search of primitive art for his father’s new museum.
Economists Say Ohioans Will Spend More On Holidays
The latest forecasts on holiday spending say an improving economy will push Ohioans to spend more.
The study backed by the Ohio Council of Retail Merchants and performed by economists at the University of Cincinnati says Ohioans are feeling better about the economy, so they’ll likely spend more.
University of Cincinnati economist Michael Jones says the average Ohioans will spend about $750 on holiday shopping. He says dips in the average consumer debt burden are also pushing Ohioans to spend more.
But he says spending could be hurt by rising gas prices and if Congress can’t reach a compromise on planned spending cuts.
“Particularly as we come closer to the holiday season, if this hasn’t been resolved in Congress, then we might see some anxiety among consumers.”
Jones says spending should increase about four percent statewide, while Columbus will see increases closer to seven percent.