A new report is detailing the economic impact of arts in North Carolina.
Jeff Tiberii: The national study concludes nonprofit arts and cultural organizations in the state had a financial impact of 1.24 billion dollars during the 2010 fiscal year. That ‘impact’ figure includes ticket purchases, estimates on money spent before and after the show, and the salaries art professionals earn. Catherine Heitz New is with the Arts Concil of Forsyth County:
New Report Shows Value of Arts Industry
↧
↧
Economic Impact of High Point University Grows
A new study shows growth at High Point University has led to an increased economic impact on the local and state economy.
Jeff Tiberii: The report says that the annual economic impact has nearly tripled in just the last seven years. The private university with about 4-thousand undergrads has undergone a significant make-over during that time under President Nido Qubein.
↧
Bankers List Foreclosed Properties
The down economy has brought with it a lot of foreclosed properties. The North Carolina Bankers Association has developed a website to help get this real estate sold.
Leoneda Inge: The new website is called REO Deed Wagon dot com. REOs are real estate owned properties owned by the lender, in this case, a bank. Brandon Wright is a spokesman for the North Carolina Bankers Association. He says their goal is to have as many as two thousand properties listed by the end of the year.
↧
Meet Kevin Trapani
Businessman Kevin Trapani will tell you that his company, Redwoods Group, does well by doing good. Redwoods Group recently won an award that validates his claim. B-Lab, an organization that certifies socially responsible companies known as B-corps, named it one of the “Best Companies for the World.”
↧
Job Creation & The Economy
Occasionally, there are headlines about a new company coming to the area and bringing a certain number of jobs with it. Politicians love to talk about job creation, but what does it really mean for a local economy when a handful of people have a shot at employment? How many new jobs would it take to have a truly positive impact on a down economy and does it matter if the jobs are low wage?
↧
↧
Criminal Corporations
In the aftermath of the 2008 economic collapse, the public clamored for criminal prosecution of those responsible. While some corporations and banks have paid out big fines, few executives have gone to prison. Host Frank Stasio talks to Rick Rothacker, a Reuters banking reporter, about why many criminal corporations have gone unpunished.
↧
Dalton Touts Jobs Plan
The Democratic gubernatorial candidate, Lieutenant Governor Walter Dalton, announced an economic plan today that he says will create more jobs. It includes tax breaks for small businesses and a plan to attract more industries to the state. Capitol Bureau Chief Jessica Jones reports.
↧
Man Vs. Markets
Paddy Hirsch makes a living breaking complex topics down into understandable parts.
He performs this role as the whiteboard guru of the radio program “Marketplace,” and he also uses his skills to explain the economy in his new book, “Man vs. Markets: Economics Explained (Plain and Simple)”. Host Frank Stasio talks to Paddy Hirsch about the battle between man and the markets.
↧
One Man’s Search For The Next American Revolution
The nation’s wealth is now concentrated in so few hands, the wealth gap growing so fast, that even its most ardent defenders question whether our current form of corporate capitalism can survive. Gar Alperovitz is looking for the next American Revolution. He is a professor of political Economy at the University of Maryland and author of the book, “What Then Must We Do: Straight Talk about the Next American Revolution” (Chelsea Green/2013). Host Frank Stasio talks to him about what can be done to save capitalism.
↧
↧
Movie Shows Potential Future of Capitalism
In America, corporations are king. It’s hard to even think about capitalism without the corporate system that keeps it flowing here in the United States. A movie called "Shift Change" wants to transform the way you think about the economy. It highlights worker-owned businesses in North America and Spain that flip the paradigm of corporate control on its head.
↧
Roundtable Considers Philosophical Implications Of Government Shutdown
↧
NC Politians Speak In Support of US Foreign Spending
Prominent North Carolina politicians, including Sen. Kay Hagan and former governors Jim Hunt and Jim Martin, spoke in support of U.S. foreign spending on Monday, saying investments outside of the country can benefit the state’s economy.
↧
Raleigh City Council Suggests Tolls To Pay For I-540 Expansion
Increasingly congested roadways are worrying officials in Raleigh.
The City Council has submitted a "wish list" of road improvement projects to the North Carolina Department of Transportation. It includes a proposal to add lanes to I-540 on the north side of the city.
The council doesn't expect the state to fund the project, so it suggested paying for the 108 million-dollar expansion by setting up tolls on the roadway.
Councilwoman Mary-Ann Baldwin says she knows tolls would not be popular, but she thinks breaking up traffic jams would be.
↧
↧
N.C. Unemployment Rate Drops, But Don't Get Too Excited
In the never ending story that is "so-so" economic news, North Carolina's unemployment rate took a sharp drop in November, but that doesn't necessarily mean there are more people employed.
Here are the numbers up front:
↧
Do Most Politicians Come From Money? Here's What The Research Says
Nicholas Carnes is an Assistant Professor of Public Policy at Duke University and author of "White-Collar Government: The Hidden Role of Class in Economic Policy Making” (University of Chicago Press/2013).
Carnes speaks with Frank Stasio on Tuesday January 7, 2014 about money and politics.
↧
It's True: Our Emotions Can Make Us Rich (Or Poor)
Many of us get a little emotional high when we're out spending money.
Now take that idea, and apply it to broader financial decisions. If you are a worrier are you more or less likely to invest money?
Neuroeconomist Camelia Kuhnen knows the answer to that. She studies what goes on inside our heads when we make such decisions.
↧
Fracking Commission Seeks To Cut Water Contamination Liability For Drilling Companies
The head of the commission appointed to write North Carolina’s rules for hydraulic fracturing for natural gas asked lawmakers Tuesday to halve the area for which drilling companies would be responsible in case of water contamination.
James Womack, chairman of the state’s Energy and Mining Commission, asked that drilling companies be held liable for contamination up to 2,500 feet from excavation sites. Under Senate Law 143, which was signed in 2012, mining companies are liable up to 5,000 ft.
↧
↧
County And State Workers Processing Food Stamp Applications Before Monday Deadline
Officials with the state Department of Health and Human Services say they've made great strides in reducing a backlog of food stamp recipients who weren't receiving their benefits. The USDA had issued the state a warning that unless it reduced the backlog of claims before a Monday deadline, North Carolina could lose 88 million dollars' worth of funding from the U.S. Department of Agriculture.
↧
Republican Leaders Raise Starting Teacher Pay
↧
Raising The Minimum Wage
↧
