Economy & Innovation

Economy Rundown
9:43 pm
Mon March 3, 2014

Economy Rundown: The Weather And What To Do About It

Weather so cold it freezes the baseball statues and hurts the economy.
Credit (UPI/Bill Greenblatt)

As I write this post, the temperature outside is barely tipping double digits; many of my colleagues are scratching their heads over the very inaccurate weather forecast that was supposed to blast us with six to 12 inches of snow; the rest are trying to figure out why their children’s school districts closed today.

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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

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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Obituary
4:41 pm
Mon March 3, 2014

Robert P. Stupp: Leader In Business And Civic Endeavors

Robert P. Stupp
Credit Provided by the family

Robert Philip Stupp, a business and community leader for many years died on March 2 after suffering a series of strokes. He was 83 years old. 

Mr. Stupp began his career with the Stupp Companies in 1952, serving as president of several divisions. He became the president and chief executive officer in 1989 and has been serving as chairman of Stupp Bros. Inc. since 2004.

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Business
8:25 pm
Sun March 2, 2014

Young Families Hurt More By Recession

Credit (via Flickr/MoneyPit)

Younger families are not recovering as quickly from the recession as their elders.

An analysis from the Federal Reserve Bank of St. Louis found that families headed by someone younger than 40 have recovered only about one-third of their pre-recession wealth.

Meanwhile older families have nearly regained their pre-crisis level of wealth.

So, why are those under 40 having a harder time recovering?

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Business
6:40 pm
Fri February 28, 2014

St. Louis Aldermen Stand Against 'Right To Work' Bills Proposed In Statehouse

City Hall Board of Aldermen chambers
St. Louis Public Radio Staff

The St. Louis Board of Aldermen is taking a stand against so-called "right to work" legislation that's moving through the Missouri Legislature.

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Hazelwood Auto Manufacting
3:40 pm
Fri February 28, 2014

Emerald Automotive Acquired By Chinese Group; Hazelwood Agreement Still In Place

(Courtesy Emerald Automotive)

Emerald Automotive Partners announced today that its been acquired by Chinese automotive giant Zhejiang Geely Holding Group (Geely Group).  The acquisition is not expected to affect Emerald’s agreement with Hazelwood to build energy-efficient delivery vans in the city.

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Business
5:22 pm
Thu February 27, 2014

TechShop Looking For Members In St. Louis

artist rendering of TechShop at Boyle and Forest Park Avenues.
(courtesy Cortex)

TechShop, a do-it-yourself industrial workshop, based in seven cities made its pitch Thursday to expand into St. Louis.

More than 200 people attended the TechShop's presentation. The company provides industrial equipment and classes for amateur and professional inventors. It is hoping to open a location in Cortex, St. Louis’ technology district.

But in order to open its doors, TechShop needs 1,000 memberships. Company COO and Vice President of Business Development Dan Woods pushed that point at the presentation.

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Debt
5:16 am
Thu February 27, 2014

Commentary: The Economy Is Starting To Look A Lot Like 2007

Credit sxc.hu

There is a discouraging circularity to folly. The tendency to repeat mistakes, I suspect, is born of forgetfulness. We usually remember the catastrophic failure itself, but often overlook the seemingly minor missteps that led to calamity.

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Transportation
7:58 pm
Tue February 25, 2014

IDOT Mulls Options For St. Louis Area High-Speed Rail Line

Credit (UPI/Bill Greenblatt)

The Illinois Department of Transportation is considering two options for a high-speed rail line between St. Louis and Granite City. 

It’s part of a broader high-speed rail corridor between St. Louis and Chicago that’s aimed at shortening commute times between the two cities.

Construction is already underway on rail improvements between Alton and Joliet. But Congress hasn’t issued federal funding yet to build a high-speed rail line between St. Louis and Illinois. IDOT is taking the preliminary steps to apply for the federal money.

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Play Ball
10:03 pm
Mon February 24, 2014

Economy Rundown: Sports, The Economy And Economists

It's not just the Rams' fans that would hate to see the team leave St. Louis.
(UPI/Bill Greenblatt)

Football season is over. The Cardinals are still in Spring Training. St. Louis has no NBA to entertain us. The Olympics were fun while they lasted, but they took St. Louis Blues hockey away from us (until Wednesday). And we still don’t have a Major League Soccer team here. It's fair to say, the region is in a bit of a professional sports slump right now. And what have we been doing to endure the lull?

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