economy

Business
12:53 pm
Thu November 13, 2014

Gender Wage Gap in Connecticut Exceeds National Average

Phil Whitehouse Creative Commons

Women’s position in the workplace in Connecticut has improved significantly over the last 15 years, according to a new report. But the study, commissioned by the Permanent Commission on the Status of Women, says too many disparities still remain, particularly for women of color. 

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Where We Live
9:00 am
Mon November 10, 2014

Connecticut's Plan for Energy Efficiency; Roundtable Looks at CL&P Rates

Kevin Dooley Creative Commons

According to a new scorecard from the American Council for an Energy-Efficient Economy, Connecticut has dropped to sixth place in the national ranking of state energy efficiency. 

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The Business of Governing
10:31 am
Thu November 6, 2014

Catherine Smith Looks Forward to Economic Development 2.0

DECD Commissioner Catherine Smith
Credit Chion Wolf

Economic development was a major part of the campaign rhetoric this election season, and it seems destined to be a high-profile part of Governor Dannel Malloy’s second term.

WNPR sat down with the administration’s economic development chief, Catherine Smith to talk about what a second term will look like.

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American Made: The New Manufacturing Landscape
3:24 am
Thu November 6, 2014

In South Carolina, A Program That Makes Apprenticeships Work

John Harris makes a weld for a test during a welding class at Spartanburg Community College in Spartanburg, S.C., on Oct. 22.
Mike Belleme for NPR

Originally published on Thu November 6, 2014 6:41 pm

Several years ago, South Carolina had a problem: a shortage of skilled workers and no good way to train young people for the workforce. So at a time when apprenticeship programs were in decline in the U.S., the state started a program called Apprenticeship Carolina.

"We were really, really squarely well-positioned at the bottom," says Brad Neese, the program's director.

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Election 2014
1:13 pm
Thu October 23, 2014

How Far Apart, Really, Are Connecticut's Candidates for Governor on Economic Issues?

Governor Dannel Malloy breaks ground on Jackson Lab's new Farmington facility.
Jackson Labs

The two major candidates for Connecticut governor have clashed repeatedly in their debates over economic policy and jobs. But how far apart are they really in how they would tackle the pocketbook issues? Maybe not so far.

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Employment Statistics
4:04 pm
Mon October 20, 2014

Connecticut Posts Biggest Monthly Jobs Gain in 20 Years

Credit Sujata Srinivasan

Connecticut posted its best month for job gains in 20 years in September, adding 11,500 positions to its workforce. That’s the largest monthly improvement since 1994. 

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Energy
1:10 pm
Thu October 16, 2014

As Oil Prices Fall, Who Wins And Who Loses?

Saudi Arabia's oil minister, Ali Al-Naimi, shown in Kuwait last month, has played down the drop in oil prices. The country continues to pump oil at high levels, saying it wants to preserve its market share. But this has also contributed to a 25 percent drop in oil prices since June.
Yasser Al-Zayyat AFP/Getty Images

Originally published on Thu October 16, 2014 2:47 pm

With oil around $85 a barrel and tumbling to its lowest levels in several years, here's the upside: Gasoline prices are down, the U.S. is feeling less dependent on foreign crude, and serious economic pressure is growing on oil producers such as Iran and Russia.

Here's the downside: The low demand for oil reflects a fragile global economy that's vulnerable to additional shocks, like falling stock markets around the world.

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Where We Live
9:00 am
Tue October 14, 2014

The Return of the American Streetcar

Jay Galvin Creative Commons

Sometimes called trams, sometimes called trolleys, the streetcar was once a primary method of transportation in many American cities. Nowadays, well, not so much. But as many metropolitan districts grapple with issues like traffic congestion and economic development, some have begun looking to streetcars as a potential solution.

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Nobel Prize
9:53 am
Mon October 13, 2014

French Economist Wins Nobel For Work On Regulating Big Business

French economist Jean Tirole won the Nobel prize for economics Monday for research on market power and regulation in industries dominated by a few powerful companies. The undated photo was provided by the Toulouse School of Economics.
AP

Originally published on Mon October 13, 2014 1:15 pm

Saying that he "clarified how to understand and regulate industries with a few powerful firms," the Royal Swedish Academy of Sciences has awarded the Nobel Prize in economic sciences to Jean Tirole, who teaches at the Toulouse School of Economics. He studies oligopolies, markets that are controlled by a handful of powerful (and interdependent) companies.

"I was very surprised, I was incredibly surprised," Tirole said shortly after he received the phone call informing him of the win. "The honor... it took me half an hour to recoup from the call. I still haven't recouped yet."

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Where We Live
9:00 am
Fri October 10, 2014

Connecticut's Slow Housing Recovery

Deb Chamberlain.
Chion Wolf WNPR

It’s been years since the housing market crashed. But in that time, increased job insecurity and the rising cost of living have left many questioning whether the American dream of homeownership is still a practical one, especially for the nation’s low- and middle-wage earners.

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Where We Live
7:36 am
Thu October 9, 2014

Welcome to the Great State of New England!

Toronto Public Library

Our beloved New England is filled with scenic coastlines, lobster pots and clam shacks, Green Mountains, White Mountains, and a long river valley filled with Yankees who take their long winters as a point of pride. We have history and culture all right here.

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New Jersey
10:16 am
Sat October 4, 2014

Atlantic City Falls From Glittering Resort To Bargain Basement

The Revel was one of four Atlantic City casinos to shut down this year.
Mel Evans AP

Originally published on Mon October 6, 2014 1:36 pm

The U.S. may have added jobs to its payroll last month, but the losses are still huge in Atlantic City, N.J., where four casinos have closed this year. A fifth teeters, and more than 7,000 people — dealers, greeters, cooks and maids — have been laid off.

The job losses could mean a future of boarded windows and abandoned buildings.

In the 1970s, Atlantic City had lost the glitter of its golden years — the 1940s and '50s, when it was a favored summer spot with a broad beach, the Boardwalk, pastel resort hotels and the home of the Miss America Pageant.

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American Made
7:06 am
Fri October 3, 2014

U.S. Manufacturing: A Remembrance And A Look Ahead

A worker cuts slabs of steel at a mill in Cleveland in 2004.
Ron Schwane AP

Originally published on Fri October 3, 2014 11:28 am

If it weren't for American manufacturing, I wouldn't be here today.

Literally.

A century ago, my grandfather moved from Poland to Youngstown, Ohio, to work in a steel mill. At the time, Ohio factories were cranking out steel slabs, tires and cars — building a mountain of wealth that the next generation could climb. And the generation after that.

But what will happen in the 21st century? Is the path that led to higher ground blocked now?

The answer is complicated.

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Where We Live
9:00 am
Thu October 2, 2014

The History and Methodology of Public Opinion Polling

Monkey Business Thinkstock

Public opinion polling has a pretty extensive history here in the United States. Since the 19th century, interest groups, researchers, think tanks, media outlets have all used polls to measure the favorability of a wide range of political, social, and economic issues. 

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State Taxes
12:58 pm
Mon September 29, 2014

Connecticut Tax Panel Looks at Simplicity, Affordability

Credit Flickr Creative Commons, Tax Credits

Connecticut’s tax code comes under scrutiny on Monday as the state’s new tax panel meets for the first time.

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American Made
3:27 am
Mon September 29, 2014

Rochester Focuses On A New Picture Of American Manufacturing

Tom Worden works on a fixed-abrasive grinding table at Exelis Inc. in Rochester, N.Y. Exelis is an aerospace and defense company, and employs numerous former Kodak workers in its facility.
Mike Bradley for NPR

Originally published on Mon September 29, 2014 7:17 am

Rochester, N.Y., was once the imaging capital of the world, home to Kodak, Xerox and the eye care company, Bausch + Lomb.

Led by these companies, the manufacturing sector once employed 60 percent of Rochester's workforce. Now, that's less than 10 percent. And so, like many cities in this country, Rochester is trying to build something new from its manufacturing heritage.

If you want to understand the story of Rochester, says historian Carolyn Vacca, you need to come to High Falls, where from a bridge visitors see a waterfall and a panoramic view of downtown.

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U.S. Economy
6:26 pm
Wed September 17, 2014

Federal Reserve To Markets: Nothing To See Here; Move Along

"There are still too many people who want jobs but cannot find them," Federal Reserve Chair Janet Yellen said Wednesday.
Susan Walsh AP

Originally published on Wed September 17, 2014 7:23 pm

The Federal Reserve's policymakers just eyeballed the economy and saw nothing new.

On Wednesday, they announced that wage and price hikes remain low, and that growth continues at a moderate pace. That means interest rates can stay superlow for a "considerable time," while the Fed's bond-buying program can wrap up next month, as expected.

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Global Economy
10:37 am
Tue September 16, 2014

Like It Or Not, Scotland's Drama May Hit Your Wallet

The Saltire, the flag of Scotland, flies near the Union Jack in Gretna in Scotland. Some economists say Thursday's vote on Scotland's independence could have wide-ranging economic impacts.
Andy Buchanan AFP/Getty Images

Originally published on Tue September 16, 2014 4:37 pm

Does news of Scotland's independence vote make your eyelids feel heavy?

Americans may feel a yawn coming on when told of a political squabble playing out in a distant land less populated than metro Atlanta.

But economists say this Thursday's vote is no snoozer. You may wake up to find its outcome has triggered another global financial upheaval.

To understand the risks to your economic health, let's first review a couple of basics:

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The Faith Middleton Show
11:44 am
Mon September 15, 2014

How to Protect and Grow Your Money

Credit Dave Dugdale/flickr creative commons

While more people are saving, a startling number of people have no pensions or savings as they head toward retirement years. If you are lucky enough to have investments, the key question for our show is, how do we protect and grow our assets at the same time? Too conservative means you miss the gains; too risky means you can lose a bundle if the market sinks, and never make it up if retirement is near.

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The Colin McEnroe Show
11:24 am
Thu September 11, 2014

America's Love-Hate Relationship with Football

Credit Marine Corp New York / Creative Commons

I root for the Green Bay Packers...and not casually. As I speak, there's a Green Bay Packers mug nearby, on weekends I wear a Packers cap and use Packers shopping bags. Most disturbingly, in the long, long off-season, I subscribe to services which provide me with daily obsessive updates on anything going on in Packers land. And, I read them even though nothing really is going on. 

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Demonstrations
10:29 am
Fri September 5, 2014

Across The Country, Fast-Food Workers Rally For $15-An-Hour Pay

Protesters demonstrate outside a McDonald's in Chicago. Hundreds of workers from McDonald's, Taco Bell, Wendy's and other fast-food chains were expected to walk off their jobs Thursday to push the companies to pay their employees at least $15 an hour, according to labor organizers.
M. Spencer Green AP

Originally published on Fri September 5, 2014 10:58 am

Fast-food workers in cities across the country, from Los Angeles to Chicago to Hartford, Conn., rallied for higher wages during a day of demonstrations Thursday.

Union organizers, backed by the Service Employees International Union, are building a campaign for $15-an-hour pay.

At the corner of 87th Street and South Wabash in Chicago, an intersection that has a McDonald's on one corner and a Burger King on the other, workers chanted "$15 an hour" or sang "We Shall Not be Moved" as they blocked traffic.

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Labor
6:28 am
Fri September 5, 2014

In Market Basket's Win, Did Workers Change The Game?

Market Basket meat manager Bob Dietz of Methuen, Mass., (center) and other workers celebrate after watching a televised speech last month by restored Market Basket CEO Arthur T. Demoulas at a store in Chelsea.
Steven Senne AP

Originally published on Fri September 5, 2014 10:58 am

Labor unions are looking for lessons in the recent worker victory at New England supermarket chain Market Basket. By using Internet technology to rapidly coalesce around a single demand, nonunion workers forced a sale of the company to their beloved CEO.

"I've never seen anything like it, that's for sure. And they prevailed, which is even stranger. They took on this and forced these people to sell their shares to this one guy," says Dennis Irvin with United Steelworkers Local 12012. "It's amazing, totally amazing!"

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Where We Live
9:00 am
Thu September 4, 2014

Connecticut's Slow Housing Recovery

Deb Chamberlain.
Chion Wolf WNPR

It’s been years since the housing market crashed. But in that time, increased job insecurity and the rising cost of living have left many questioning whether the American dream of homeownership is still a practical one, especially for the nation’s low- and middle-wage earners.

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The Wealth Gap
7:27 am
Wed September 3, 2014

Young People, Minorities Watching Wages Stagnate in Recovery

Most workers in Connecticut have not seen a real wage increase in over a decade.

Income inequality is getting greater in Connecticut as the recovery continues. That’s the message from a new report which says the state needs to use tax policy to help poorer families catch up. 

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Casino Trends
10:24 am
Tue September 2, 2014

After Just Two Years, Huge Atlantic City Casino Shuts Down

A woman gathers shells along the ocean near the Revel Casino Hotel in Atlantic City, N.J., early Tuesday. The casino resort has closed, a little over two years after opening with the promise of helping to renew Atlantic City.
Mel Evans AP

Originally published on Tue September 2, 2014 12:24 pm

After operating for only two years, the Revel Casino Hotel has closed down, part of a trend that will reportedly shutter a third of Atlantic City's big gambling halls by the end of September. It cost $2.4 billion to build the Revel facility.

"It's a tragedy," massage therapist Lori Bacum, who worked at the resort's spa, tells NJ.com. "There were some warnings, but none of us thought it would happen. We felt so safe, because this was the place that was going to take (the city) to a new level."

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Paid Sick Days
7:01 am
Tue September 2, 2014

The Politics Of Calling In Sick

Women are more likely to take time off to care for a sick child or elderly adult, making mandatory paid sick leave a hot partisan topic.
Shutterstock

Originally published on Tue September 2, 2014 1:23 pm

Got the flu? Or a new baby? Perhaps a little one with chicken pox? In most countries, your employer must pay your wages if you stay home sick or to care for others. Not in America.

But a growing grass-roots movement aims to change that — starting with paid sick leave.

Already the movement has met some success. This past weekend, California became the second state in the country to mandate sick leave for employees.

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Where We Live
9:00 am
Fri August 29, 2014

Connecticut Work Life: Past, Present, and Future

American Woolen, Stafford Springs.
American Woolen Company

In 1894, a new national holiday was created -- a day when American workers could retreat from harsh work conditions and long hours to spend some time with family and friends. The holiday was called Labor Day.

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Rethinking Poverty
8:42 am
Fri August 29, 2014

Rep. Ryan Calls For 'Culture Of Inclusion' To Tackle Poverty

Wisconsin Republican Rep. Paul Ryan speaks during a news conference at the Union League Club of Chicago on Aug. 21.
John Gress Getty Images

Originally published on Fri August 29, 2014 8:00 am

Rep. Paul Ryan, chairman of the House Budget Committee, used to have a habit of describing the American people in two categories. There were the "makers" — people paying taxes — and the "takers" — people getting government benefits.

Today, the Wisconsin Republican says he was wrong, and that the country needs to overhaul how it thinks about poverty. In his new book, The Way Forward: Renewing the American Idea, he offers ways to redirect federal spending to fighting poverty.

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Back to School
7:16 am
Thu August 21, 2014

Notebooks And Pencils And Pens, Cha-Ching!

On the left, supplies on the back-to-school list for third-graders in Arlington, Texas; on the right, the items fifth-graders need in Palmer, Alaska.
LA Johnson NPR

Originally published on Thu August 21, 2014 9:12 am

Millions of families are heading to Target or Wal-Mart this month to make sure their kids have what they need for the first day of school. And, as many parents know, those glue sticks and gym clothes can really add up.

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Job Statistics
2:09 pm
Mon August 18, 2014

Connecticut Recovery Shows Mixed Fortunes

David Lewis, president and CEO of Operations Inc.
Credit CBIA

Recent jobs numbers from the Connecticut Department of Labor showed some areas of the state recovering much better than others.

Late last week, the state released figures for July job gains, the sixth straight month in which Connecticut employers have been hiring. The state overall gained a net 2,400 jobs in the month.

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