- Police: Man dies from self-inflicted gunshot after standoff in south Cape (1/14/18)3
- Here's what's being built next to Chick-fil-A in Cape (1/18/18)1
- Author of Waller's manuscript rewarded for helping feds (1/13/18)
- Cape lands new summer-league baseball team; Capaha Field to see major upgrades (1/20/18)8
- Man sentenced to life for killing mother, burning her body; mouth taped shut at hearing (1/20/18)
- Poultry in motion: 4-H participants take first in nation with barbecue skills (1/13/18)1
- Word to your superintendent: Glass rocks Vanilla Ice parody to announce cancellation (1/13/18)3
- 3 mayor candidates in Scott City; former mayor Porch files for council seat (1/18/18)
Local businesses can jump-start economic activity
To the editor:
I am writing as a business owner to address a growing concern for Missourians and Americans: the state of our economy. The recent dip in consumer confidence demonstrates that more and more Americans, Missourians included, have lost a measure of faith in corporate America and the financial institutions that form the backbone of this country. Fortunately, businesses across the nation, as well as Wall Street firms, are making great efforts to restore the faith of the American consumer. For example, the steps put in place by Merrill Lynch -- altering the compensation structure for stock analysts, instituting oversight committees to monitor the effectiveness of reforms, and more -- are all meant to benefit not only their specific customers, but to encourage timid investors to get back to business.
Though Wall Street is hundreds of miles away and may feel worlds away from our daily lives, reforms like those of Merrill Lynch can have a real effect here in Missouri. By working to jump-start the stock market and replenish confidence in corporate America, more reforms like these will help to bolster our local economy. By returning to spending in our local establishments, we can restore confidence in our economy. It is up to us, the leaders of smaller business throughout Missouri, to follow the precedent for reform set by Merrill Lynch, and in doing so, restore the health of our own communities.
PHILLIP A. ORSCHELN
Kansas City, Mo.