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.
Boeing has been on the minds of the Show-Me State's political figures lately, thanks to the effort to lure the manufacturing of the 777X airplane to Missouri. Now, the company is planning to bring several hundred research and development jobs to the St. Louis region.
A push is going on to enact a $15-an-hour minimum wage. While some increase may be justified, that would make it more than a safety net.
The Churchillian observation raises an interesting question: why should the queen concern herself with the minimum wage? After all, she’s always been rather well compensated for her labors, whatever those may be.