Workers at Boeing were in a difficult spot last week. Their employer offered a new contract cutting back retirement and health benefits. It came with what looked like a threat. The company said it might have to move important operations out of Washington State and hire new workers. Union members approved the contract, barely, and Boeing is staying put.
Journalist Hedricks Smith written about the decline of the middle-class. In an op-ed for the Los Angeles Times, he says Boeing just contributed to that.
That's because Washington State machinists narrowly approved a contract on Friday to build the airplane near Seattle. It's a move that concludes Missouri's high-profile bid at landing a significant economic development opportunity for the St. Louis region.
As much as we like to think of the New Year as a clean slate, the issues and developments of the years before carry over. With that in mind, today on St. Louis on the Air we took a look at what the trends of the past 12 months can tell us about what the St. Louis region can expect in 2014.
The conversation focused on politics and the economy, with a special focus on innovation, entrepreneurship and diversity.
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.
The "Complete Streets" legislation under consideration on the St. Louis County Council still faces plenty of roadblocks to final passage. One of the sponsors, Councilman Pat Dolan, D-Richmond Heights, held up the bill again last week, which he’s done since late November, and announced he wants to rewrite parts of it.
Dolan also said that he’s going to meet with groups affected by the bill and come back to the matter early next year.
When Boeing decided to move production of its 777X passenger plane out of Seattle, states across the country were eager to offer their services. Missouri's political and business leaders were no exception. They simply couldn't miss out on the chance to cement thousands of high-paying jobs for decades to come.
The Transportation Security Administration is clearing more than a quarter of the nation's commercial passengers for expedited screening as it expands its PreCheck program. Nationwide, the number of airports participating in the program has expanded from about 40 last year to more than 100 today.
During a press conference at Lambert Airport Tuesday, Federal Security Director William Switzer said travelers can now find separate screening lines at all concourses.