Economy & Innovation

Business
4:14 pm
Tue August 13, 2013

UMWA Back In St. Louis

UMWA members rally in front of Peabody's headquarters in St. Louis Tuesday.
Credit Maria Altman / St. Louis Public Radio

Members of The United Mine Workers of America were in St. Louis again Tuesday, rallying over miners’ retiree benefits.


The protest took place just one day after the union reached a tentative agreement with Patriot Coal.


But officials were turning their attention back to Peabody, which created the now bankrupt Patriot in 2007.


UMWA officials, including secretary treasurer Dan Kane, repeated at the rally in front of Peabody’s headquarters that the corporation is still responsible to its former employees.

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Economy
2:15 pm
Tue August 13, 2013

With New $1M, Official Says St. Louis On Track To End Chronic Homelessness By 2015

(via Flickr/woodleywonderworks)

The BEACH Project, an initiative focused on quickly creating permanent housing and additional services for the city’s chronically homeless, received an additional $1 million to continue its mission.

Bill Siedhoff, director of human services for the City of St. Louis, says that the funding is essential for the project’s goal to end chronic homelessness in St. Louis by 2015.

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Economy
3:25 pm
Thu August 1, 2013

Jury Still Out On Missouri Sales Tax Holidays - Are You Shopping This Weekend?

Credit (via Flickr/andrewarchy)

Ready, set, shop. 

A new school year is approaching, and shoppers will head to stores this weekend for a tax-free holiday on school supplies, electronics and some clothing. 

John Mollenkamp, acting director of the Missouri Department of Revenue, says shoppers can save up to 8 or 9 percent if local governments also participate in the tax breaks.

UMSL associate professor of economics Lea Kosnik said such sales make people excited to run to the stores and spend money they may not normally spend.

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Business
4:43 pm
Tue July 30, 2013

UMWA Brings Protest To Arch Coal

Credit (via Arch Coal)

A fight over retiree health benefits landed in front of Arch Coal’s Creve Coeur headquarters Tuesday morning.


The United Mine Workers of America union argues Arch and Peabody Energy both bear responsibility for 10,000 miners’ health benefits jeopardized in another company’s bankruptcy.


St. Louis-based Patriot Coal was spun off from Peabody in 2007 and then bought a former Arch subsidiary in 2008.


The UMWA has filed suit against both Peabody and Arch in West Virginia claiming they purposely shed liabilities such as retirees’ health benefits.

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Economy
4:16 pm
Mon July 29, 2013

Fast Food Workers Stage Walkout In Demonstration For Better Wages

Protestors chanted and carried signs inside the McDonald's on South Broadway and urged employees to walk out with them.
Erin Williams St. Louis Public Radio

St. Louis fast food workers were on the streets today for a second round of protests to raise wages and form a union.

Supporters carried signs and chanted both in and outside of McDonald’s on South Broadway and encouraged employees to walk out and join them in the strike. Reverend Martin Rafanan says that fast food workers and participants are more prepared on this second go around.

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3:57 pm
Thu July 25, 2013

St. Louis Entrepreneur Calls St. Louis 'Tech Hub Model' In Forbes

Lead in text: 
"When smaller cities play to their strengths while simultaneously working to shore up their deficiencies, they can attract talented entrepreneurs and help them succeed." That's what Chuck Cohn, native St. Louisan and CEO of Varsity Tours says in an article on Forbes.com. Cohn says St. Louis can serve as a model for other cities like it to develop tech hubs.
Only a few U.S. cities can claim to be technology meccas. Silicon Valley, Boston, Seattle, and - recently - New York City are responsible for the lion's share of successful tech startups in the U.S., but they can no longer stake a sole claim. New tech hubs, like St. Louis are emerging.
Casinos
3:54 pm
Wed July 24, 2013

Missouri Gaming Commission Approves Pinnacle Purchase Of Ameristar

(via Flickr/Hakan Dahlstrom)

Gaming regulators in Missouri have approved Pinnacle Entertainment's $2.8 billion purchase of Ameristar Casinos, clearing one of the final hurdles in the acquisition.

The Missouri Gaming Commission voted 4-0 in favor of the deal Wednesday. Missouri was the last state to approve. The Federal Trade Commission must still give the go-ahead. Pinnacle spokeswoman Kerry Andersen says the company hopes to complete the transaction in August.

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St. Louis on the Air
5:03 pm
Wed July 17, 2013

New Cybersecurity Education Programs Offered By St. Louis Area Universities

(via Flickr/espensorvik)

Employment in the field of information security, web development and computer networks—cybersecurity—is expected to increase 22 percent by 2020, according to the Bureau of Labor and Statistics. Washington University and Fontbonne University are offering new cybersecurity programs this Fall in response to the growing demand in the workforce for people in this field. 

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St. Louis on the Air
5:00 pm
Wed July 17, 2013

Joint Center At Scott AFB Helps Protect Against Persistent Cyberattacks

USTRANSCOM provides operational command and control for its service components.
(Courtesy: USTRANSCOM)

Cybersecurity is especially vital to the nation's military. Last year U.S. Transportation Command at Scott Air Force Base formed the Joint Cyber Center "in recognition of cyberspace as a warfighting domain. "

Colonel Tom Clancy is Chief of the Joint Cyber Center at Scott Air Force Base. He said that during routine sweeps in 2011, more than 44,000 "attempted accesses to systems" at U.S. Transportation Command were discovered. That number quadrupled in 2012.  

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Laclede Gas
3:40 pm
Wed July 17, 2013

Mo. Regulators Approve Laclede Gas Purchase Of MGE

(via Flickr/Fergus Randall)

The Missouri Public Service Commission has given the go-ahead for St. Louis-based Laclede Gas to purchase Missouri Gas Energy.

Commission members placed a major condition on the purchase – Laclede Gas is barred from seeking a rate increase in its current service area until October of 2015.  Laclede spokeswoman Jessica Willingham says, though, they would be allowed to seek an increase in the areas currently served by Missouri Gas once the purchase becomes official.

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