Housing key to recovery
By BRENNA GRITEMAN
NWS Staff Writer
FINDLAY - The "rapid and continued growth in the use of debt" over the past 20 years has directly led to the collapse of available credit and, subsequently, the collapse in consumer spending, over the last three years.
That was the message delivered by Dr. Bill Landes, senior managing director of Gottex Funds Management in Boston, during an economic summit titled "New Challenges, New Solutions" presented Friday at The University of Findlay.
Landes, who has worked in asset management for 23 years, said, "Much of that asset bubble has been driven by the availability of credit."
He explained the U.S. has seen two decades of growth in the use of credit, which was driven by spending. That spending, however, was rooted directly in credit rather than actual assets, which has led to the continued emergence of personal debt.
Enrollment up at Northwest State Community College
ARCHBOLD - Community college enrollment is on the rise across Ohio, and Northwest State Community College is no exception. Recently, the college announced spring semester enrollment is up 9.4 percent, marking the fourth consecutive semester of significant growth in enrollment.
Hamler to hold farmers market in spring
HAMLER - Starting this spring, a local farmers' market will be held Saturday mornings at the Hamler Summerfest grounds.