Economy & Innovation

St. Louis on the Air
1:11 pm
Tue January 13, 2015

Sinquefield, Laffer Discuss Their Tax Theories

Economist Art Laffer talks to 'St. Louis on the Air' host Don Marsh on Tuesday at St. Louis Public Radio in St. Louis.
Jason Rosenbaum St. Louis Public Radio

What would happen if you no longer had to pay income taxes?

Retired financial executive Rex Sinquefield and economist Art Laffer believe it would lead to economic growth and wealth.

“Sometimes when you lower taxes, you get less money. But sometimes you create enough economic activity to actually get more revenues,” Laffer told “St. Louis on the Air” host Don Marsh on Tuesday. “If you start lowering taxes from very high levels, you can actually sometimes actually increase revenues. Not all the time, but sometimes that happens.”

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Road Work
12:07 pm
Tue January 13, 2015

Poplar Street Bridge Construction To Close Downtown Interstates This Weekend

Construction around the Poplar Street Bridge will lead to closures on much of the interstates downtown this weekend. MoDOT suggests using detours.
Credit Courtesy MoDOT

The Missouri Department of Transportation is urging drivers to avoid the area around the Poplar Street Bridge this weekend because portions of Interstates 44 and 55 will be closed downtown.

From Friday at 8 p.m. to Monday at 5 a.m., lanes in both directions will be closed from 7th and Park to the Stan Musial Veterans Memorial Bridge. One ramp off eastbound I-44 near the Old Cathedral downtown will stay closed until January 21. 

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North St. Louis County real estate
3:31 pm
Fri January 9, 2015

Realtors Want Role In Ferguson Rebound

Realtors attend a meeting Friday at the St. Louis Association of Realtors conference center in Creve Coeur to discuss the impact of unrest in Ferguson.
Credit (Wayne Pratt, St. Louis Public Radio)

Realtors in the St. Louis area say they are fighting a negative perception of the region in the aftermath of last summer’s violence in Ferguson.

Many in the market, especially in North St. Louis County, are concerned about low re-sale value, said St. Louis Association of Realtors President Janet Judd.

“The perception is that values tumbled, plummeted.”

About 200 realtors gathered at the association’s headquarters Friday to examine how the unrest and its aftermath have affected the area’s housing market.

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Rebuilding Ferguson
2:58 pm
Fri January 9, 2015

Fundraising Efforts For Ferguson Businesses Continue

The Little Caesars on S. Florissant was destroyed following the announcement of the grand jury's decision in November.
Credit Maria Altman | St. Louis Public Radio

At least two funds are helping Ferguson-area businesses get back on their feet following the violence and unrest that has affected the area since August.

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St. Louis on the Air
1:16 pm
Thu January 8, 2015

Investor Advocate: Buy Stock, Gain A Voice

Credit kevindooley via Flickr

In an environment where companies hold a lot of power, can you make a difference by buying just one share in a company?

Yes, said Brian Reavey, Marianist Province’s director for justice, peace and integrity of creation. Reavey will speak about shareholder advocacy on Thursday at a Women's Voices Raised for Social Justice program.

“There’s a lot of power in owning shares or just even being aware of what companies we’re buying our products from,” he told “St. Louis on the Air” host Don Marsh on Thursday.

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Gas prices
3:11 pm
Tue January 6, 2015

Outlook Calls For Continuing Pump Relief

Gas station competition is helping to keep prices down in St. Louis.
Credit (via Flickr/dno1967b)

A new forecast is suggesting gasoline prices in St. Louis will continue to be among the lowest in the nation for 2015.

GasBuddy.com's annual outlook predicts the peak price in the region will range from $2.65 to $2.95 cents a gallon, thanks in part to a decision by Saudi Arabia to continue production even as global oil prices fall.

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St. Louis Rams
10:48 pm
Mon January 5, 2015

After Report Of An L.A. Stadium Deal, Nixon Promises Response To Keep Rams In St. Louis

Credit via Wikimedia Commons

Amid reports that the team’s owner plans to build a stadium close to Los Angeles, Missouri Gov. Jay Nixon said a plan should be revealed this week that aims to keep the Rams in St. Louis. 

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Ferguson Investigation
4:22 pm
Mon January 5, 2015

Letter To Attorney General Urges Completion Of Federal Investigation In Ferguson

Attorney General Eric Holder visited Ferguson Aug. 20.
Credit Office of U.S. Rep. Lacy Clay

The message to U.S. Attorney Eric Holder from Ferguson: hurry up.

In an open letter to Holder sent late last month, several Ferguson business owners, residents and even the mayor urged Holder to quickly release findings from his office’s federal investigation into Michael Brown’s death.

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Ameren Requests Rate Increase
10:38 pm
Sun January 4, 2015

With A Possible Hike In Electric Bills, Missouri Regulator Wants To Hear From The Public

Credit Tom Taker via Flickr

St. Louisans wishing to comment on the possibility of an increase in their electric bill will have two chances to speak with the Missouri agency that regulates investor-owned utilities Monday.

The Missouri Public Service Commission is holding a public hearing at noon at the Holiday Inn on Watson Road near Kirkwood and another at 6 p.m. at St. Louis Community College-Florissant Valley.

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Hourly Wages
3:46 pm
Tue December 30, 2014

Minimum Wage Goes Up In Missouri. But Is It Too Much Or Not Enough?

Workers demonstrate in support of a higher minimum wage at one of many protests held this year.
Credit Bill Greenblatt | UPI

Missouri’s minimum wage will go up 15 cents as of New Year’s Day.

The increase from the current $7.50 to $7.65 is the result of a 2006 ballot referendum tying the state’s minimum wage to the Midwest Consumer Price Index. It’s the second 15 cent increase in as many years.

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