Money Problems? Arizona Ranks 40th in Per-Capita Income

Arizona apparently deserves its reputatation as a mecca for low-paying jobs, ranking 40th in an economic analysis among states for per-capita income. The U.S. Bureau of Economic Analysis reports, according to the Biz Journal this morning, that the average income for state residents if $34,999 — “well below the national average of $40,584.”…

Moody’s Credit-Rating Service Lowers Arizona’s Outlook to “Negative,” Worries About Expiration of New Sales Tax

  Arizona looks like a potential deadbeat to the world-famous Moody’s credit-rating service. Citing concerns over a sales-tax increase set to expire in mid-2013 and a budget that relies on the federal government to make changes caused Moody’s to downgrade Arizona’s outlook this week from “stable” to “negative.” Moody’s affirmed…

Police Say This Guy Whipped it Out in Front of Three Young Girls

The man pictured to the right is 28-year-old Ezequiel Gardea Diaz, and police say that over the weekend he whipped it out and started “shaking” it in front of three young girls.According to court documents obtained by New Times, about 5 p.m. Saturday, the three girls, ages 9, 10, and…

Arizona Food Stamp Recipients Tops One Million

The number of food stamp recipients in Arizona has increased drastically in the past year, to the point that now more than one million people are eating government funded meals.That means about one in every six Arizonans is on food stamps.KTAR spoke with Steve Meissner from the Arizona Department of…

Centerpoint Towers in Tempe Not Sold Yet; Prospects for Deal Diminish

  By now, the sale of the Tempe’s Centerpoint Towers was supposed to be a done deal. Workers should be buzzing all over the 22- and 30-story towers, which have sat unfinished and vacant (except for the occasional trespassers) since 2008. Zaremba Group, the Ohio-based company that wants to buy the towers, expected construction…

Centerpoint Condo Towers in Tempe Back Up For Sale

  The Centerpoint towers at 6th Street and Maple in Tempe are going back up for sale, this time listed by realtor CB Richard Ellis. The history of the five-acre property and towers, and their financial collapse, were covered extensively in our October 15 edition. Earlier this month, ML Manager LLC, bought…

December Unemployment Numbers Spell Bad News for Arizona

National unemployment numbers for the month of December are in, and they aren’t pretty for Arizona.The numbers from the U.S. Bureau of Labor Statistics find that Hispanics and construction workers were the hardest hit by the sluggish economy, and in case you hadn’t noticed, Arizona happens to have both a…