economy

buzzybee | sxc.hu

It probably says something about our times that the book that’s sold out on Amazon is not the latest Twilight thriller but a dense, 700-pager by a French economics professor: Capital in the Twenty-First Century by Thomas Piketty. He’s also making the rounds of TV talk shows like an A-list actor promoting a new movie.

(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.

(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.

(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!

Marinela

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.

(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.

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.

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.

Blunt Offers State of the Union 'Prebuttal'

Jan 25, 2014
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.”

a rolling dollar bill
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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