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    Economist blames panel of lawmakers for soaring Maryland spending

    Friday, May 11th, 2012

    Marylands budget would be two-thirds its current size if lawmakers followed the same spending limit guidelines that 28 other states use, according to a new report by economist Eileen Norcross.

    While most states strictly rely on mathematical formulas to determine their spending limits, Maryland relies on a committee of lawmakers, called the Spending Affordability Committee, to set its target budget growth each year. Norcross says the committee should be eliminated because its guidelines arent working.

    The committees spending guidelines have led to an average 5 percent increase in Marylands budget every year since 1985, increasing the budget from $7 billion to $34 billion, said Norcross, who is the lead researcher on the State and Local Policy Project at George Mason Universitys Mercatus Center. Her report was published in Maryland Journal.

    Auto Industry Spending More on Advertising, Automobilwoche Says

    Friday, May 11th, 2012

    Germany’s carmakers increased their
    advertising budget by 10.2 percent to 543.1 million euros
    ($719.9 million) in the first quarter, Automobilwoche reported,
    citing data from the market research company Nielsen.

    Volkswagen AG (VOW) led ad spending with a budget of 59.7 million
    euros, Automobilwoche said. Daimler AG (DAI) and Opel spent 40.5
    million euros and 38.7 million euros, respectively.

    To contact the reporter on this story:
    Julie Cruz in Frankfurt at
    jcruz6@bloomberg.net

    To contact the editor responsible for this story:
    Sara Marley at smarley1@bloomberg.net