Economy & Innovation | St. Louis Public Radio

Economy & Innovation

News about the economy, business, and innovation happening in the St. Louis region.

This article first appeared in the St. Louis Beacon, Dec. 4, 2008 - In a syndicated column that ran in the Nov. 30 Post-Dispatch, Kathleen Parker reported on a new study by the Intercollegiate Studies Institute that sought to measure the civic literacy of the American public. The findings were predictably grim.

This article first appeared in the St. Louis Beacon, Dec. 2, 2008 - When economists at the National Bureau of Economic Research announced on Monday that the United States has been in a recession since December 2007, the stock market took another plunge.

This article first appeared in the St. Louis Beacon, Dec. 1, 2008 - To construct a global financial meltdown, start with some building blocks called "mortgage-backed securities."

What are they?

In a nutshell: A borrower goes to a lender to arrange financing to buy a house. The lender gives the borrower the money but then sells the loan – or portions of it – to a third-party financial company. That company further divvies up the loan among investors who will share the profits from the loan repayment but also the risk should the homeowner default.

Gingerbread makes home, (really) sweet home

Nov 30, 2008

This article first appeared in the St. Louis Beacon, Nov. 30, 2008 - Surrounded by soaring foreclosures, falling interest rates and crashing markets, one house stands recession proof through the holidays: The gingerbread house.

Made with a tasty mortar and inspired by the dreams of two German brothers, whose stories of Hansel and Gretel brought the fantasy of an edible abode to life, the gingerbread house is a tradition that has weathered the ages and continues to delight.

Commentary: Food for all: a tough order, but a noble goal

Nov 25, 2008

This article first appeared in the St. Louis Beacon, Nov. 25, 2008 - Thanksgiving 2008, in the midst of an economic downturn, reminds us to remember our many blessings. Among mine has been the opportunity to work in company with dedicated friends and colleagues for causes in which I believe. I will mention two.

This article first appeared in the St. Louis Beacon, Nov. 24, 2008 - While falling gas prices and holiday retail bargains may be welcome news to cash-strapped consumers, economists have started tossing around a new term: deflation.

And they don't seem pleased about it.

This article first appeared in the St. Louis Beacon: November 21, 2008 - The auto industry is pulling out all stops to secure a place at the public trough. In the latest development, Congress has given the automakers an ultimatum: No plan no bailout.

This article first appeared in the St. Louis Beacon: November 21, 2008 - There are no heroes to be found in today's economic crisis, and it won't be over any time soon, says St. Louis economist Murray Weidenbaum.

"I've been saying for some time that this is going to be a long, deep recession; we're not going to come quickly out of it. I hope that some time next year we'll be hitting bottom and the economy will start turning up -- but not dramatically,'' Weidenbaum told the Beacon on Thursday.

This article first appeared in the St. Louis Beacon: November 19, 2008 - Washington University Chancellor Mark S. Wrighton warned students and faculty to expect a "significant reduction" in spending during the next fiscal year due to deteriorating economic conditions. The expected spending cuts will affect capital projects, staff positions, and pay raises, he said.

This article first appeared in the St. Louis Beacon: November 19, 2008 - They didn't pass the hat after Tuesday night's screening of the documentary "I.O.U.S.A.'' at the Missouri History Museum, but audience members did learn what their individual share of the country's nearly $60 trillion fiscal hole will be, come January: $184,000.

This article first appeared in the St. Louis Beacon: November 18, 2008 - Oh, the shopping season looks frightful -- whether you're a consumer, fretting about what to buy and how much to spend, or a retailer, worrying about sales, or an employee, wondering how much longer work will continue.

This article first appeared in the St. Louis Beacon: November 18, 2008 - Only weeks after painting a rosy picture about the fiscal health of the University of Missouri, the system's president, Gary D. Forsee, reversed himself on Monday by announcing a system-wide hiring freeze.

This article first appeared in the St. Louis Beacon: November 14, 2008 - A parody from "Saturday Night Live" is one of the more amusing scenes used by the filmmakers of the documentary "I.O.U.S.A." to explain in understandable language the causes and effects of the ever-growing U.S. national debt, which as of today, stands at just under $53 trillion.

This article first appeared in the St. Louis Beacon: November 14, 2008 - Gov.-elect Jay Nixon hasn't backed away from his big-ticket campaign promises of restoring health benefits and boosting spending for higher education, but some of his political wishes might have to take a back seat to Missouri's fiscal reality.

This article first appeared in the St. Louis Beacon: November 13, 2008 - Issuing his first executive order, President-elect Barack Obama today decreed that the sun will continue to rise in the east and that dropped objects will still fall down. This tacit endorsement of the rotational direction of the Earth and the law of gravity was seen by many as an attempt to re-assure cultural conservatives alarmed by the prospect that we have just elected a White Sox fan to be president of the United States.

This article first appeared in the St. Louis Beacon: November 12, 2008 - It's coming down to the finish line. Anheuser-Busch said Wednesday that a majority of its shares were voted in favor of the company's purchase by Belgian brewer InBev, setting the stage for completion by year-end.

This article first appeared in the St. Louis Beacon: November 10, 2008 - Plenty of politicians and urban planners have had their say about how to better connect the St. Louis riverfront, Arch grounds and downtown St. Louis. It's been a long-running and quite controversial dialogue -- one continued by a panel of design experts and other stakeholders Friday at Washington University (more on that later).

This article first appeared in the St. Louis Beacon: November 6, 2008 - Clayton-based Enterprise Bank and Trust, with $2.2 billion in total assets, is one of the largest local commercial lenders in the St. Louis area, helping to fund such high-profile deals as the $35 million 14th Street Mall redevelopment project and the $40 million mixed-use Cupples Station apartments and retail space near Busch Stadium, among many others.

This article first appeared in the St. Louis Beacon: November 6, 2008 - Despite a shaky economy, executives of Belgian brewer InBev say they remain unshaken in their belief that the acquisition of Anheuser-Busch will proceed on schedule and be completed by year-end.

InBev CEO Carlos Brito told analysts Thursday his company is "well prepared and equipped for the challenging economic environment."

This article first appeared in the St. Louis Beacon: October 28, 2008- A few mornings a week, between 5:30 and 6, the soft ring of a cell phone pulls Robin S. Davis out of sleep. It sits on the night stand beside her bed.

Davis tries to compose herself, pushing the sleepiness out of her voice.

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