Fewer firms increased capital spending compared to the October survey responses, but the cutback appeared to be concentrated more in structures than in information and communication technology investments, according to a press release accompanying the survey, which also showed that while most respondents don’t see a recession within the next year, they also don’t see much business growth. Read more

Earlier this week, there was appropriate gnashing of teeth with word that Digital First — the hedge fund that’s destroyed the St. Paul Pioneer Press and other proud newspapers across America — would make a play for Gannett, owners of dozens of newspapers, including the St. Cloud Times, the Sioux Falls Argus Leader, and the Milwaukee Journal Sentinel.

We need not have worried about Digital First. Gannett has killed off many of the papers with a round of layoffs that leaves the newspapers as newspapers in name only. Read more