Economy & Innovation

11:03 pm
Wed May 14, 2014

Cab Or Car? It's Up To St. Louis Courts If Lyft Can Stay

Credit Courtesy of Lyft

Lyft, a ridesharing app that connects passengers to drivers, is in a legal battle for its existence in St. Louis.

The Metropolitian Taxicab Commission is asking a judge to issue an injunction to prevent Lyft from operating in the city. Lyft started its operations in late April. But after the commission won a temporary restraining order against Lyft, the company had to stop services.

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Lessons from a 'pop-up' marke
9:54 pm
Wed May 14, 2014

Commentary: Market Highlights Possibilities Around MetroLink

Credit St. Louis Public Radio

What better way to show potential development in an area than to actually have that development “pop-up” for all to see. That was Citizens for Modern Transit’s idea when it launched the Metro Market at the finish line celebration of CMT’s Great Race on May 8 at the Shrewsbury-Lansdowne MetroLink Station.

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Human Trafficking
2:00 pm
Wed May 14, 2014

Dooley Asks County Council To Boost The Effort To Fight Human Trafficking

Adam Kavanaugh of the St. Louis County Police Department talks with reporters about St. Louis County Executive Charlie Dooley's supplemental budget request.
Credit Jason Rosenbaum/St. Louis Public Radio

St. Louis County Executive Charlie Dooley is pushing for more money to combat human trafficking. 

Dooley asked the St. Louis County Council Tuesday for $250,000 to establish a computer forensic laboratory and hire two forensic examiners. That equipment and additional personnel could help establish evidence that could prosecute sex traffickers. 

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Patriot Coal
4:51 pm
Tue May 13, 2014

Two Patriot Coal Miners Killed

Credit (Flickr/Paul Sableman)

Patriot Coal, headquartered in Creve Coeur, confirmed Tuesday that two of its miners in West Virginia were killed in a "severe coal burst."

Eric Legg, 48, and Gary Hensley, 46, were working in Brody Mine No. 1, about 50 miles south of Charleston, W.VA., when the accident occurred just after 8:45 p.m. Monday.

"We express our deepest sympathies to Eric's and Gary's families, friends and co-workers," said Mike Day, Patriot executive vice president of operations.  "We are fully cooperating with state and federal mine regulatory agencies to investigate this incident."

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The Rundown
9:45 pm
Mon May 12, 2014

Economy & Innovation Rundown: Discrimination Suit At A-B And Other Questions About Women In Business

They make the "king of beers." And the queen?
Credit (Flickr/Philip Leara)

It’s Tuesday, that magical day of the week when our thoughts turn to questions of economics, business, innovation, technology … and related topics that tickle our fancy but we haven’t been able to report on ourselves. It’s the day we say, “Don’t think we haven’t been paying attention, dear reader,” and we share some the things we’ve been reading on topics of interest. 

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Economy & Innovation
4:35 pm
Thu May 8, 2014

Protesters Arrested Outside Peabody Meeting

Judy Kellen, from Rocky Branch, Ill. addresses protesters outside Peabody Energy's annual shareholder meeting.
Credit (Molly Gott.)

Peabody Energy is getting protests from all sides.

More than 50 people gathered outside the corporation’s annual meeting Thursday in Clayton, including Washington University students, St. Louis activists, rural southern Illinoisans and  American Indians from Black Mesa, Ariz.

Ten protesters were arrested outside the Ritz-Carlton, where the meeting was held.

The complaints they expressed were as different as their backgrounds, but the group is unified in its opposition to coal.

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Summer Jobs
5:22 pm
Wed May 7, 2014

Stl Youth Jobs Program Seeks Funds To Hire More Young People

JPMorgan Chase presented a $100,000 check to Stl Youth Jobs. Pictured from left: Mayor Francis Slay, Incarnate Word Executive Director Bridget Flood, JPMorgan Chase's Scott Bush.
Credit Maria Altman (St. Louis Public Radio)

St. Louis Mayor Francis Slay is asking businesses in the city to help put 500 young people to work this summer through a program called Stl Youth Jobs.

One corporation stepped up Wednesday.

JPMorgan Chase announced a $100,000 donation, and the company is asking other businesses to help.

"It is very important for this city that we build that base, that base of people that understand how to work, love to work and want to be part of this community," said Scott Bush, a managing director and market leader with the firm.

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St. Louis on the Air
5:19 pm
Wed May 7, 2014

The Struggle For Young People To Reach The American Dream: A Conversation With St. Louis Researchers

As the United States economy returns to a healthier state, one generation in particular is lagging behind in returning to pre-recession levels of wealth: millennials.

Young people in their 20s and 30s have taken a greater hit from the recession than any other age group, bringing into question whether the American dream of upward mobility is obtainable for them.

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St. Louis City
5:00 pm
Wed May 7, 2014

Alderman Wants To Examine St. Louis' Tax Incentives

Alderman Joe Roddy is forming a group to look at how the city's tax incentives are divvied out. Roddy recently took control of the Board of Aldermen's Housing, Urban Development and Zoning Committee.
Credit Jason Rosenbaum, St. Louis Public Radio

The city of St. Louis often uses tax incentives as a means of spurring development. But one alderman wants to change how the tax breaks are given out and assessed.  

Alderman Joe Roddy, D-17th Ward, told members of the Board of Aldermen’s Housing, Urban Development and Zoning Committee on Wednesday that he was forming a group to examine how tax increment financing and tax abatement is done in the city of St. Louis.

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The Rundown
5:32 am
Tue May 6, 2014

Economy & Innovation Rundown: An Economist's Passing, And The Risks Of St. Louis' New Parking Meters

Gary Becker received the Nobel Economics Prize in 1992 for his work that suggested every aspect of human behavior was subject to economic analysis. Becker died on Saturday. He was 83.
Credit (Courtesy; University of Chicago)

It’s Tuesday, the day when we poke our heads out of the offices of St. Louis Public Radio and review some of the other stories brewing in the economy that have piqued our interest.

First up is news that a very important economist has left this earth. Nobel Laureate Gary Becker died on Saturday. He is most notable for his economic theories that tried to explain human behavior, tackling questions that went way beyond supply and demand. The University of Chicago professor studied things like crime, racial discrimination and even romance.

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