Economy

KCUR News
9:33 am
Mon February 2, 2009

Plodding Plot For Econ Recovery Cash

Heavy construction equipment working across from city hall serves as backdrop to strategy talks.
KCUR photo by Dan Verbeck

Read more
KCUR News
9:34 am
Fri January 30, 2009

Sprint Employees Stare Into Teeth Of The 'New Economy'

Less Frans, leaving Sprint after 23 years
Frank Morris

Read more
KCUR News
9:34 am
Fri January 30, 2009

Challenges Of Giving During Trying Economic Times

Brent Stewart, CEO and President of the United Way of Greater Kansas City

Read more
KCUR News
10:45 am
Tue January 27, 2009

UMB Bank Hits Record High Earnings In 2008

Kansas City, MO – With all the lousy financial news lately you might be surprised to hear that some banks are doing pretty well. In fact, amidst a global economic meltdown, one Kansas City institution, UMB, just recorded its most profitable year ever! UMB's earnings jumped up 32% just in the last three months . (you know the three months with all the layoffs and urgent bank bailouts) KCUR's Frank Morris spoke with UMB's chairman and CEO Mariner Kemper.

Read more
KCUR News
10:18 am
Mon January 26, 2009

Sprint Expected To Keep Losing Customers

Kansas City, MO – Sprint's cutting 8000 jobs this winter because it's been losing hundreds of thousands of customers almost every month for years. It's still the third largest mobile phone company, though, still has lots of cash, and Micheal Nelson, an industry analyst, says it's about to launch a serious rival to the I-phone, the Palm Pre.

Read more
KCUR News
10:16 am
Mon January 26, 2009

Sprint Lays Off 8,000 Workers

Kansas City, MO – Cell phone carrier Sprint Nextel will lay off some 8000 workers by the end of March.

- - - - -

The current round of layoffs comes on the heels of more than 4-thousand Sprint employees losing their jobs late last year. Sprint has struggled over the past year losing customers and more than 1 billion dollars in the first three quarters. Sprint spokeswoman Laura Lisic says the job cuts are aimed at shoring up the nation's number three cell phone company.

Read more
KCUR News
3:33 am
Thu January 22, 2009

Demolition Underway At Bannister Mall

Kansas City, MO – Demolition of the now closed Bannister Mall began Wednesday to pave the way for the site's redevelopment. An 18-thousand, 500-seat soccer stadium is planned there, which will be the permanent home of the Kansas City Wizards. KCUR's Greg Echlin has more.

Read more
KCUR News
3:06 am
Tue January 13, 2009

Pickup Truck Made In Kansas City Sweeps Awards And Out-Sells All Other Vehicles

Kansas City, MO – Ford's F series trucks are a staple of the Kansas City economy and one of the very few bright spots in domestic automobile manufacturing. KCUR's Frank Morris speaks with the truck's Chief Engineer about a rough year, and arguably a bright future, for making pickups.

Read more
KCUR News
5:15 am
Mon January 12, 2009

Shoppers React To New Downtown Grocery Store

One shopper stops by the store after his daughter's ballet class.
\">Eugenio Taboada

Read more
KCUR News
10:03 am
Wed January 7, 2009

50 Jobs, 50 States, 50 Weeks

Daniel Seddiqui
(photo courtesy of livingthemap.com)

Kansas City, MO – Fewer employers are hiring and recent college graduates face stiff competition as more people are looking for jobs. Daniel Seddiqui knows their plight well. He graduated from the University of Southern California but says he couldn't get hired because he didn't have experience. Now he's looking to change that. Seddiqui plans to work 50 jobs in 50 states over 50 weeks. This week he's in Kansas City and getting paid as a boilermaker.

Read more
KCUR News
9:49 am
Wed January 7, 2009

Web Extra: Interview With Daniel Seddiqui

KANSAS CITY, MO – The full interview with Daniel Seddiqui about his experiences working 50 jobs in 50 states over 50 weeks.

KCUR News
6:16 am
Wed January 7, 2009

50 Jobs, 50 States, 50 Weeks

Kansas City, MO – Fewer employers are hiring and recent college graduates face stiff competition as more people are looking for jobs. Daniel Seddiqui (knows their plight well. He graduated from the University of Southern California but says he couldn't get hired because he didn't have experience. Now he's looking to change that. Seddiqui plans to work 50 jobs in 50 states over 50 weeks. This week he's in Kansas City and getting paid as a boilermaker.

Seddiqui is keeping a journal of his adventures online at

Read more
KCUR News
12:11 am
Mon December 22, 2008

Large Family Deals With Auto Industry Uncertainty One Day At A Time

The Foote Family

Lawson, Missouri – Autoworkers were relieved Friday when President Bush approved a 14.3 billion dollar loan to the Big 3 automakers.

Read more
KCUR News
12:10 am
Mon December 22, 2008

Holiday Shoppers Talk About The Economy

Independence, MO – Despite a wintry forecast of freezing rain and dropping temperatures, shoppers continued to hurry in and out of Independence Center this week. Just inside the mall's automated doors, KCUR intern Annie Walsh met Daniel Blanton, a volunteer bell-ringer for The Salvation Army. Despite the downturn in the economy, Blanton told Annie that the iconic little red kettle has been full at the end of each of his shifts this season.

Read more
KCUR News
2:25 am
Wed December 17, 2008

Local Autoworkers Wait For News From Washington

Kansas City, Missouri – Thousands of autoworkers in the Kansas City area are watching the Washington debate over the proposed bailout closely, wondering what it will mean for their jobs. The Fairfax General Motors plant in Kansas City, Kansas, is already feeling the pinch. The company has added an additional two weeks to shut-down orders which would've kept the plant closed through mid January. Now workers won't be going back until February 9th.

Read more
KCUR News
2:38 am
Tue December 9, 2008

Judge Approves Interstate Bakeries Reorganization

Kansas City, MO – The commercial baking industry is watching closely as Interstate Bakeries Corporation creeps back out of bankruptcy. It was a shock when the Lenexa-based company filed for Chapter 11 bankcruptcy four years ago. The owners of Hostess and Wonder Bread, among other familiar lines, had long been the largest commercial bakery in the United States.

Read more
KCUR News
12:49 am
Fri December 5, 2008

Developers Withdraw Plans For KCK Casino

Kansas City, MO – A partnership involving Kansas Speedway and the Cordish company have pulled their bid to build a state-owned casino in Wyandotte county. Kansas Entertainment announced it was withdrawing it's application for the 705 million dollar casino and entertainment complex this morning, hours before a state deadline to finalize the project. Speedway spokeswoman Kelly Hale says group wanted to change the proposal by building the casino first and hotel and retail later.

Read more
KCUR News
11:15 pm
Tue December 2, 2008

Where's The Money, Honey?

Kansas City, MO – In the wake of the current financial crisis, KCUR's Gina Kaufmann set out to understand how money is supposed to work. After a visit to the Money Museum at the Kansas City Federal Reserve Bank, and an interview with an anthropologist, she came to some truly frightening conclusions.

Read more
KCUR News
2:36 am
Tue December 2, 2008

Recession Hurts Midwestern Economic Staple, Businesses Take Long View

Leland Smith, a 40 year Maytag veteran, at the Jasper County Historical Society Museum
photo: Frank Morris, KCUR

Newton, Iowa – These days, if you've got something in your home from Iowa, it's probably in a kitchen cupboard, or in the refrigerator. But for a long time it likely was the refrigerator, or the washing machine, or the dryer. Maytag and Amana once two of the largest appliance companies on Earth, sprang from little Iowa towns. Now those communities are scrambling to deal with that industry's sharp decline, and to capitalize Iowa's emerging alternative energy business.

Read more
KCUR News
4:10 am
Mon November 24, 2008

The Kansas City Star Publisher Mark Zieman

Kansas City Star Publisher Mark Zieman
Photo Credit: Kansas City Star

Kansas City, MO – The Kansas City Star publisher Mark Zieman moved from the editor's role to that of publisher earlier this year, a position that has forced him to make very difficult decisions. The Star recently laid off 50 employees in the face of decreasing advertising revenue. KCUR's Sylvia Maria Gross sat down with Mr. Zieman to discuss the future of the paper and the industry at large.

Read more
KCUR News
9:01 am
Fri November 21, 2008

Fed Forecast Amplifies Kansas City Shortfall Concerns

Federal Reserve economist George Kahn tells council members not to expect any significant recovery from the recession before the summer of 2009.
Video frame courtesy of KCCG, Channel 2.

Kansas City, MO – The Kansas City city council set the wheels in motion for a comprehensive shared-use trails program yesterday, and resolved to develop more consistent parking policies to minimize downtown tow-aways. But a projected budget shortfall of $60 to 80 million loomed throughout their two meetings.

Federal Reserve economist George Kahn told the council members that fourth quarter sales will likely be down, and real recovery from the recession won't begin till the second half of 2009.

Read more
KCUR News
5:23 am
Mon November 17, 2008

Advice For Small Businesses In A Precarious Economy

Kansas City, MO – We've seen more discouraging signs in the economy this past week, but Monday, November 17th marks the start of Global Entrepreneurship Week. That's right. Some experts argue that this period of economic downturn may be a good time to start a new business - as long as you're careful. KC Currents' Susan B. Wilson sat down with the Kauffman Foundation's FastTrac program director Monica Doss to find out how it's possible.

Read more
KCUR News
3:19 am
Wed November 12, 2008

Does Money Still Exist?

Bill Maurer, by phone with Gina Kaufmann.

Kansas City, MO – In an effort to find out how money is supposed to work, KCUR's Gina Kaufmann put in a call to anthropologist Bill Maurer at University of California-Irvine . Maurer specializes in the anthropology of money. While American money used to be backed by gold, Maurer explained, it is now backed by faith in the system. Which begs just one question.

Read more
KCUR News
5:17 am
Mon November 10, 2008

International Trade Impacts Kansas City

Kansas City, MO – This week, international trade leaders from the United States, Mexico and Canada met in Kansas City for the annual North America Works conference. Since NAFTA took effect in 1994, some local leaders have been trying to promote Kansas City as a hub for international trade.

NAFTA has its critics from both the left and the right, and the election of Barack Obama may change the direction of the US trade policy.

Read more
KCUR News
5:15 am
Mon October 27, 2008

Food Pantries Empty While Thrift Stores Thrive

Karen Haren is standing in the Harvesters warehouse in Kansas City.
Frank Morris

Kansas City, MO – The troubled economy is driving thousands of people into food pantries for the first time ever this year. At the same time donations to those pantries are drying up and some have run out of food entirely, even here, in the nation's breadbasket. But while the economic hard times are pummeling food pantries, they're doing great things for another service catering to the poor thrift stores. KCUR's Frank Morris reports.

Read more
KCUR News
5:20 am
Wed October 15, 2008

Funereal Forecast Faces KC Commerce

Tom Hoenig, President of Federal Reserve Bank of KC speaks to Chamber on 09 outlook
KCUR photo by Dan Verbeck

Kansas City, Mo. – A dark economic forecast for 2009 has been delivered to the Greater Kansas City Area Chamber of Commerce.

Read more
KCUR News
2:35 am
Mon October 13, 2008

Kansas City Hurt By Credit Crunch

Kansas City, MO – City and other local governments have been put in their own credit crunch by the crisis on Wall Street. They can't find anyone to buy their municipal bonds. That's how cities normally pay for everything from sewer upgrades to a new city hall. But the market has dried up, and Kansas City, for one, has put tens of millions of dollars of water projects on hold as it waits for the municipal bond market to shake out. KCUR's Maria Carter reports.

- - - - -

Read more

Pages