economy

Entrepreneurship
2:06 pm
Fri June 13, 2014

What Are The Biggest Challenges Facing Kansas City's Entrepreneurship Scene?

Kate Weinstock
Credit Cara McClain / KCUR

Entrepreneurship group 1Week KC wants to make Kansas City a top destination for innovative businesses and start-ups, a goal they're promoting with a week-long celebration that began Monday.

The obstacles and challenges that entrepreneurs face are wide and varied, but here is what some of the people who attended this week's events had to say about the climate in Kansas City:

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Economy
3:42 pm
Thu June 12, 2014

Report: Kansas City Economy Lags Behind That Of Other U.S. Cities

Credit MARC

The Mid-America Regional Council presented a sobering assessment of the Kansas City area economy Thursday, one showing the metro is having trouble bouncing back from the recession.

The report, called "Prosperity at the Crossroads," says that fewer than half of the 100 largest metropolitan areas, including the greater Kansas City region, had recovered all the jobs they lost during the recession by the end of 2013. 

Data in the report show that Kansas City employment rates, wage growth and job growth are all down.

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Up To Date
11:26 am
Wed April 16, 2014

The Disappearance of Investigative Journalism

Pulitzer Prize-winning journalist Dean Starkman joins host Steve Kraske to talk about the disappearance of investigative journalism in American media.
Credit deanstarkman.com

Following the 2008 financial meltdown, many were left asking, "where were the journalists at?" 

On the second half of Wednesday's Up to Date, host Steve Kraske discusses the lack of investigative journalism in recent years with Pulitzer Prize-winning journalist Dean Starkman

Guest:

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Up to Date
10:18 am
Tue April 8, 2014

Figuring Out The Federal Reserve

Esther George is the president of the Federal Reserve Bank of Kansas City.
Credit Federal Reserve Bank of Kansas City

You know the Federal Reserve is important to the government, but what does it really do?

On Tuesday's Up to Date, we talk with Federal Reserve Bank President Esther George about why Kansas City has a Federal Reserve Bank in Kansas City. We'll also look at the history of the bank at its centenary.

Guest:

  • Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City 
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Up to Date
11:00 am
Wed April 2, 2014

How Corporate Giants Are Dominating Online Commerce

Robert McChesney is the author of Digital Disconnect: How Capitalism is Turning the Internet Against Democracy.

You can post just about anything you want on the internet, but when it comes to e-commerce, the online world is dominated by a few major players.

On Wednesday's Up to Date, we examine the corporate giants that control the online marketplace and discuss how consumers might revolt against their monopolies.

Guest: 

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Up to Date
10:36 am
Tue April 1, 2014

One Journalist's Bleak Forecast Of America's Landscape

George Packer is the author of The Unwinding: An Inner History of the New America.

If you look at America through journalist George Packer’s eyes, you’ll see a landscape where familiar staples of society, such as Social Security and privacy, are disappearing in a country-wide decline in civilization.

On Tuesday's Up to Date, we talk with the National Book Award winner about his latest book, why he sees such a bleak picture for the country and how we might make it to the light at the end of the tunnel.

Guest:

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Up to Date
12:32 pm
Fri January 10, 2014

Repairing The Economy With City Policies

Bruce Katz is the co-author of 'The Metropolitan Revolution: How Cities Are Fixing Our Broken Politics and Fragile Economy.'

The economy has been in trouble for a while — that's no secret. But a new idea about the "metropolitan revolutions" proposes investments in things like infrastructure and manufacturing on a city level.

In the first part of Monday's Up to Date, we talk about the implications of this philosophy and where it could lead.

Guest:

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Up to Date
9:49 am
Tue September 24, 2013

Fixing Fiscal Policy

U.S. lawmakers may be working late into the night this week to avoid a government shutdown.
Credit David Iliff/Wikimedia Commons

With the House of Representatives and the president once again butting heads over the federal budget, a government shutdown is looking more likely by the day.

On Tuesday's Up to Date, Bob Bixby of the Concord Coalition joins Steve Kraske to talk about the economy, the effect a shutdown could have on the country if Congress doesn’t pass a new budget and how the debt ceiling debate figures into the equation.

Guest:

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Central Standard
9:27 am
Tue September 17, 2013

What Is A Bitcoin?

While any computer can be used to "mine" BitCoins, some people make specially designed hardware to increase the efficiency of their effort.
Credit Gastev / Flickr - CC

In a society where we pay bills online, transfer money via the internet, and can buy virtually anything on the web, would you be surprised to know that a currency has been developed that only exists in digital form?

BitCoin is a currency invented not by a government, or a large bank, but by a person or perhaps few people, nobody actually knows exactly who.  It has no government backing, no tie to any precious metal and is entirely unregulated.  However, on the afternoon of Monday, September 16 the exchange rate for one Bitcoin was more than 126 dollars.

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Economy
7:54 am
Tue August 13, 2013

Topeka To Host 2015 Horseshoe World Tournament

Topeka narrowly beat out Charleston, S.C. to host the 2015 tournament.
Credit Proudfood / WikiCommons

Topeka narrowly beat out Charleston, West Virginia to be named as the home for the 2015 World Horseshoe Pitching Championship. The event will be held in July 2015 at the Kansas Expocentre.

Jeffrey Alderman, with the organization Visit Topeka, says the event is a big economic opportunity. He says the competition could draw more than 1,500 participants, known as horseshoe pitchers.

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Business
8:15 am
Tue August 6, 2013

Third Shift Workers Start At Claycomo Ford Plant

Ford F-150s roll out of an assembly line at the Claycomo Plant in Kansas City, Mo.
Credit Dan Verbeck / KCUR

As promised in May, Ford Motor Company began a third assembly line shift Monday at the Claycomo Plant.

The 900-worker expansion brings the total of rank and file UAW jobs to some 4,500. The emphasis of the additional team will be making the F-150 pickup.

Plant manager Dan Jowiski said potential workers went through pre-interview testing to see if they were qualified to do the job. That was in late April, just before Ford started beefing up the force.

Jowiski cited strong company ties to the area when the jobs were announced this spring. 

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Government
3:38 am
Thu July 25, 2013

Sen. Blunt, Roberts 'Disappointed' With President's Speech

President Obama's Warrensburg speech drew unified and quick disapproval from Republican officials. In one case, the critique came before the president spoke.

The White House was very open in advance about the fact that the president would be urging acceptance of his existing priorities, including investment in education, infrastructure and health care.

Missouri Senator Roy Blunt took advantage of the pre-release information to make a speech of his own on the Senate floor before Air Force One had touched down in his state.

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Government
9:53 pm
Wed July 24, 2013

President Obama Lauds Missouri College Cost Cut Program

Warrensburg, MO restaurant offers greeting.
Dan Verbeck kcur

Speeches on the economy and the middle class in Illinois and Warrensburg, Mo. Wednesday were parts of a plan by President Obama.

President Obama said in Warrensburg he will take his message to a series of American towns in coming weeks.

In total, it was not a new theme. 

At University of Central Missouri the President talked of making a college education more affordable.

He also spoke of building more ladders for people to climb to the middle class, if willing to work for it. He said he would make early childhood education a priority.

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Up to Date
9:55 am
Wed April 17, 2013

Tracing The Economy's Roots

Founding Finance

The financial crisis may have started in this century, but the economic system that built up to it has been part of this country since its founding.

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Central Standard Friday
6:05 pm
Mon April 15, 2013

History: Land of Promise: An Economic History of the United States

History host Monroe Dodd speaks with Michael Lind about his most recent book, Land of Promise: An Economic History of the United States.  They explore the curious history of the United States from its inception to today through the lens of three distinct economic republics.  These three periods of American history are distinct in their incredible transformation brought about by technological and subsequent economical changes that also transformed the very way America understands itself.

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Up to Date
12:20 pm
Thu April 11, 2013

Getting A Handle On The Financial Crisis

Brad Delong

With the financial crisis, it seems everyone’s got economics on the brain—and for good reason.

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Up to Date
6:00 pm
Wed January 30, 2013

Ambassador Talks African Economy Emergence

Ambassador Terence McCulley
usembassy.gov

The global economy isn’t just about trading with China, India and European countries-- Africa is making an impact as well.

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Up to Date
10:04 am
Mon October 15, 2012

Red Ink: The High Stakes Politics Of The Federal Budget

In Sunday's Kansas City Star, Up to Date host Steve Kraske wrote about "the fiscal cliff."

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Solve This
3:41 pm
Mon October 8, 2012

Obama's Jobs Plan Focuses On Federal Investment

President Obama speaks during a campaign event at George Mason University in Fairfax, Va., on Friday.
Pablo Martinez Monsivais AP

Originally published on Tue October 9, 2012 6:48 am

In the next two installments of Solve This, NPR's series on the major issues facing the country, we'll examine each presidential candidate's approach to boosting employment. First, President Obama's strategy, then Mitt Romney's.

Job creation is the centerpiece of President Obama's campaign speeches.

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Up to Date
5:24 pm
Thu October 4, 2012

Kansas City, Overland Park Mayors Talk Regional Cooperation

Kansas City, Missouri Mayor Sly James

Kansas and Missouri say they’d like to work together, but they keep poaching each other’s businesses.

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Central Standard
9:56 am
Thu September 27, 2012

Economic Roundtable: Post-Keynesian Theory

Want to satisfy your inner econ geek? 

You've come to the right place. On Thursday's Central Standard, we’re having a roundtable talk on all things Post-Keynesian with distinguished UMKC research professors William Black, Randall Wray and Michael Hudson.

Find out why the dynamics of private sector are essential to understanding the economy. Plus, we’ll discuss government transparency and accountability. If you're just little rusty on your economic theory and policy, join us at the table for the perfect refresher course.

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Economy
12:48 pm
Tue September 25, 2012

Two Plans For Fixing The Economy, But Few Details

Job seekers fill out applications Aug. 21 at a construction job fair in New York. Polls show voters want the presidential candidates to provide more details on how they would reduce unemployment, change tax policy and alter government spending.
Seth Wenig AP

As this presidential election year was kicking off, strategists were saying the focus would be on the economy. But now — even as absentee ballots are being filled in — the candidates are still dodging details about how to improve growth.

"President Obama doesn't have a plan," says Kevin Hassett, an economic adviser to Republican candidate Mitt Romney.

Jeffrey Liebman, an economic adviser to President Obama, says Romney has revealed no plan other than "going back to the failed policies of the past decade."

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Business & Tech
7:50 am
Thu June 7, 2012

Missouri's Economy Stagnant In 2011

Missouri's economy stayed steady in 2011. The state's GDP did not grow.
Bureau of Economic Analysis

Missouri’s economy stayed stagnant last year.  A new report by the federal Bureau of Economic Analysis says Missouri’s gross domestic product remained steady in 2011.

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The Two-Way
2:48 pm
Thu May 31, 2012

For Many Teens, Summer Jobs May Be Thing Of The Past

Tom Auffhammer, 17 (right) scoops ice cream in Syracuse, N.Y. Teens continue to face stiff competition for summer jobs, but a downward trend in summer hiring for teens actually predates the recession.
Michelle Gabel The Post-Standard/Landov

The school year's winding down, meaning teenagers around the country will soon be trying to pull in some extra cash scooping ice cream or manning those kiosks at the mall.

But with the job market still weak, teens are facing stiff competition landing summer jobs. And while the downturn has hit young job seekers particularly hard, it's not just the lingering effects of the Great Recession working against them: the drop-off in teen summer hiring actually began long before 2007.

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Central Standard
3:15 pm
Mon May 21, 2012

Endemic Financial Fraud (AKA. Green Slime)

Gregory Mankiw

Every president and presidential candidate has an economic advisor, but how influenced are these positions by politics?

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Government
12:47 am
Wed May 16, 2012

Unemployment Down, Jobs Up In Missouri

Mary Slaughter, an employee of Southwest Technologies for 19 years, says this time of year is usually slower for business. But that hasn't been the case in the last few years. Southwest recently signed three new contracts and wants to expand its facility.
Elana Gordon KCUR

At 7.3 percent, unemployment in Missouri has dropped to its lowest level in 40 months.  That’s according to the latest monthly report from the state’s Department of Economic Development.

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Economy
10:53 am
Mon May 14, 2012

Uneven Economy Evens The Field For Obama, Romney

An audience member decries President Obama's economic policies as Republican presidential candidate Mitt Romney speaks during a February campaign rally in Atlanta.
Gerald Herbert AP

Originally published on Mon May 14, 2012 12:51 pm

As the election year began, conventional wisdom was pretty well set about the outcome of the presidential race. If the economy improved, President Obama would win. If not, he'd be a one-termer.

So what does it mean that many big economic indicators are moving sideways?

"Obama seems to be in that gray area," says Paul Pierson, a political scientist at the University of California, Berkeley. "The numbers are neither so good nor so bad that they give you a definitive answer."

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The Two-Way
8:42 am
Wed May 2, 2012

Hiring Slowed In April, Report Signals

Businesses added just 119,000 jobs to their payrolls in April, a sharp drop from an estimated 201,000-gain in March, according to the latest ADP National Employment Report.

The private group's report is "a troubling sign" two days before the Bureau of Labor Statistics issues its figures on April employment growth and unemployment, The Associated Press says.

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Economy
7:44 am
Fri April 27, 2012

Is Moderate Growth Good For The Economy?

Growth will remain low and consumers will be cautious as long as unemployment stays high, economists say.
Scott Olson Getty Images

The U.S. economy hit the recession exit ramp nearly three years ago, but it's been lost on the back roads somewhere near Recoveryville ever since.

Growth rates have been modest at best compared with the 4-plus percent growth in the years well before the U.S. began slouching toward its worst post-World War II recession.

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The Two-Way
12:54 pm
Mon April 23, 2012

AP Analysis: Half Of Recent College Grads Are Jobless Or Underemployed

Students from John Moores' University celebrate graduation.
Christopher Furlong Getty Images

It's hard out there for a college grad.

The AP analyzed government data and came up with this stunning figure: "Half of young college graduates [are] either jobless or underemployed in positions that don't fully use their skills and knowledge."

The whole story is worth a read, so we encourage you to click over, but here is the meat of the AP's analysis:

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