economy

The Rundown
10:33 pm
Mon April 14, 2014

Economy & Innovation Rundown: Imagination And Startups

The Victoria building stood at the corner of Eighth and Locust streets. It has since been demolished. This photograph was taken in 1940 when St. Louis had more than 800,000 residents.
Credit (Historic American Building Survey at the Library of Congress)

On Friday, Arch Grants announced the finalists for its 2014 Arch Grants Business Plan Competition. The field has been whittled down to 46 entrepreneurs. Twenty of those finalists will win $50,000 each along with business support services to help them launch amazing businesses. In exchange for winning, they have to locate, or relocate, to St. Louis for at least a year.

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The Rundown
9:16 pm
Mon March 24, 2014

Economy & Innovation Rundown: Building Cities And Taking Down Trolls

What does a giant rubber ducky have to do with economy and innovation? Read on to find out.
Credit (Credit: flickr/Hiroshi Nishino)

We all know that St. Louis is unique in many ways — our passion for baseball; our obsession with bricks; our Arch.

It turns out, the region is even unique when it comes to gentrification. Two area academics wrote about their research on St. Louis gentrification in nextSTL.com.  They say the preconception about gentrification is that upwardly mobile whites move into urban neighborhoods and push out the largely minority, low-income population that lived there originally.

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The Rundown
9:49 pm
Mon March 10, 2014

Business & Economy Rundown: Putting The 'Fun' in 'Fundraising'

AB InBev could be gearing up for a major acquisition.
Credit (via Flickr/ChrisYunker)

If you are a regular listener to our radio airwaves, you may have noticed that St. Louis Public Radio has been asking for your financial support  to help keep our station up and running.

There are a million reasons to become a member and if you enjoy reading this Rundown, then that is one of the reasons. If you haven’t yet contributed, I encourage you to do so.

That’s the end of my pitch to try to get you to contribute… so read on!

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Economy & Innovation
9:42 pm
Mon March 3, 2014

Commentary: Working Women Explain Much Of The Change Since 1960 In Income Distribution

More women are graduating from college and getting high-paying jobs.
Credit Marinela | sxc.hu

Income inequality in the United States is a hot-button political issue in this mid-term election year. Advocates for substantial increases in the minimum wage, for instance, believe that imposing higher wages on employers will reduce poverty and lessen income inequality. The evidence just does not justify this claim. Workers who remain employed after the increase are made better off on the backs of those workers who face reduced hours or unemployment following government-mandated wage hikes.

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St. Louis on the Air
4:34 pm
Mon February 24, 2014

In The Competition Between The U.S. And China, Where Does St. Louis Fit In?

(via Flickr/iChaz)

According to World Trade Center St. Louis executive director Tim Nowak, the number one destination for St. Louis exports is China. With such a direct link to the St. Louis economy, the future of U.S.-China relations is particularly significant to the St. Louis region.

In his new book “Contest of the Century,” Financial Times journalist Geoff Dyer offers an in-depth look at the increasingly competitive nature of that relationship. He is in St. Louis for a presentation tonight at the St. Louis County Library.

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Education
10:23 am
Wed January 29, 2014

Commentary: Capitalism Is Not Causing The Crisis

Capitalism gives consumers choices.
Credit linder6580 | sxc.hu

“Capitalism is the crisis.” So read a banner hung off of an overpass on eastbound Interstate 44 heading toward downtown St. Louis. But what did it mean?

Capitalism is characterized by private as opposed to government ownership of the capital used in the production and distribution of goods. This is done in the pursuit of profit.

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Life after the recession
8:17 pm
Sun January 26, 2014

Former Go! Network Leader Is Now Walking The Walk Through Her Own Career Transition

Roni Chambers
Credit Provided by Roni Chambers

Roni Chambers, who led the now-shuttered GO! Network, is practicing what she used to preach to white-collar professionals who turned to her nonprofit for help after they lost their jobs during the Great Recession.

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Sen. Roy Blunt
1:36 pm
Sat January 25, 2014

Blunt Offers State of the Union 'Prebuttal'

Sen. Roy Blunt (R-MO) delivers a preemptive response to President Obama's 2014 State of the Union
Credit St. Louis Public Radio

U.S. Senator Roy Blunt of Missouri says President Obama has "a lot of explaining to do” in his State of the Union address Tuesday.

Blunt offered a preemptive rebuttal to the speech in the GOP’s weekly radio address Saturday, saying Americans are suffering under unnecessary regulation and lackluster job creation.

Obama is expected to call for a “Year of Action” on poverty, but Blunt calls the focus on income inequality “more of the same.”

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Forecasts
9:06 pm
Sun December 29, 2013

Commentary: Temper The Economic Optimism For 2014

Credit dleafy | sxc.hu

The end of the year is always a time to take stock of what has transpired during the past year and what is likely to happen in the one about to begin.  Let’s do so by considering several key economic measures.

Economic expansion limped along for another year.  Gross Domestic Product (GDP), adjusted for inflation, is the best measure of the economy’s total output. It increased this year, but not nearly as fast as many would hope, especially three years out form the end of the Great Recession.

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Economy
6:38 am
Mon October 14, 2013

Financial Bloggers Gathering In St. Louis For #FinCon13

(via Flickr/Tracy O)

A financial blogger conference now known as #FinCon13 will be in St. Louis Thursday through Sunday.

It was founded in 2011 by blogger Philip Taylor, who also writes PT Money.

He spoke with St. Louis Public Radio’s Maria Altman about why he wanted to bring bloggers together.

Taylor said #FinCon13 will have good attendance from the St. Louis area including some local bloggers and online entrepreneurs:

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