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Perspectives on the Economy: Recent Federal Actions and Prospects & Challenges for Recovery, Part 1

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Our program today features an excerpt from the University of South Carolina Moore School's recent Economic Outlook Conference: “Perspectives on the Economy: Recent Federal Actions and Prospects and Challenges for Recovery”.

Today's excerpt comes from Thomas I. Barkin, president and CEO, Federal Reserve Bank of Richmond.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.