Business & Economy

Business & Economy
4:33 pm
Tue September 10, 2013

Walgreens To Buy NC's Kerr Drugstores

Kerr Drugstore in Hillsborough, NC.
Credit Wikipedia

The largest drugstore chain in the United States is buying out North Carolina-based Kerr Drug.

The banner on the Kerr Drug website says it’s North Carolina’s only hometown pharmacy.  But after more than 60 years, Kerr Drug is losing that designation. Walgreens announced today it’s acquiring Kerr’s drugstores and its specialty pharmacy business that fills prescriptions for chronic, complex treatments like cancer.

Michael Polzin is a spokesman for Walgreens, based in Illinois.

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Business & Economy
9:29 am
Mon September 9, 2013

NC Bankers Talk Mortgages In Recovering Housing Market

Credit City of Raleigh

National housing experts are in Raleigh today to talk about the future of the mortgage market. 

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Business & Economy
12:22 pm
Fri September 6, 2013

Triangle CEOs Spend The Night Homeless

Mital Patel of Triangle Business Law with his cardboard box at the United Way's 'CEO Sleep Out.'
Credit Leoneda Inge

A group of community and business leaders spent the night under the stars last night, right across from the Durham Performing Arts Center.  The United Way event was designed to bring attention to homelessness and poverty in the Triangle. 

They made their beds out of cardboard refrigerator boxes – laid out or propped up on the grass between DPAC and the railroad tracks.

Kari Stoltz is Triangle Market President for Bank of America.  As she prepared for the night, Stoltz grabbed her khaki baseball cap.

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Business & Economy
4:28 pm
Wed September 4, 2013

Insecticide Producer BASF Expands Research Facility In RTP

An aerial view of BASF's Crop Protection and PlantScience site in Research Triangle Park.
Credit BASF

Officials with a leading plant sciences company have expanded their presence in Research Triangle Park.  BASF cut the ribbon today on new lab, office and greenhouse space.  The expansion cost $33 million. 

The new addition includes an insect production facility, or an "insect zoo," to aid in testing bug-killing agents.  Nigel Armes is BASF's director of research and development.  He says the facility is key in establishing the company as a leader in insecticide production.

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Business & Economy
7:09 am
Mon September 2, 2013

NC Unemployment Is High And Long-Lasting

The NC Policy Watch Report says "long-term unemployment impacts workers' lifetime earnings, families and the economy."
Credit NC Justice Center

The latest numbers show there are about 418,000 unemployed people across North Carolina this Labor Day.  And many of them have been jobless for a long time.

North Carolina’s unemployment rate is 8.9%, one of the highest in the country and higher than the national rate.  The state has held this designation for much of the so-called economic recovery.

Mekael Teshome is an Economist with PNC Financial.  He says we have to remember, between 2007 and 2010, unemployment rose by 100% nationally but by nearly 150% in North Carolina.

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Business & Economy
6:00 am
Sat August 31, 2013

African Farmers Cultivate Apple Trees From Historic NC Orchard

A man sells apples at a market in Uganda. Apples sell for about a dollar apiece.
courtesy of Kevin Hauser

Horne Creek Living Historical Farm, a 1900s-era working farm in Pinnacle, North Carolina, is prized for its heirloom apples. The farm runs the Southern Heritage Apple Orchard, which is stocked with 400 varieties propagated by cuttings from trees all over the south.  Now, apple trees cultivated with grafts from Southern Heritage trees are under the care of farmers in Uganda, Zambia and Rwanda, thanks to a project called Apples for Africa.

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Business & Economy
7:20 am
Fri August 30, 2013

Raleigh Neighborhood Gets Fresh Food Stand To Help Residents

Credit Inter-Faith Food Shuttle

Some capital city residents are getting access to farm fresh food months after two grocery stores closed in their area.  The Inter-Faith Food Shuttle of Raleigh is operating a weekly food stand in a church parking lot. 

The Raleigh Area Development Authority is helping to fund the shuttle's effort to keep the southeast part of the city from turning into a "food desert".  Cindy Sink is a spokeswoman with the Inter-Faith Food Shuttle.  She says the food stand adds to ongoing efforts.

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Business & Economy
4:13 pm
Thu August 29, 2013

Triangle Fast Food Workers Rally For Higher Pay

Willietta Dukes is a "Guest Ambassador" at Burger King. She demonstrated outside her restaurant Thursday for a higher minimum wage.
Credit Leoneda Inge

Fast food workers walked off the job in some 35 cities today, including Chicago and Detroit, and in smaller cities like Durham, North Carolina.   They’re demonstrating in support of higher wages and against low pay, long hours and no benefits.  Right now the minimum wage is $7.25 an hour.  Nationally the call is for $15 an hour.

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The State of Things
11:50 am
Thu August 29, 2013

How Does Performing Race Impact Success

Acting White? Rethinking Race in Post-Racial America
Credit http://global.oup.com/ / Oxford University Press

Frank Stasio talks wtih Mitu Gulati and Devon Carbado about their latest book, 'Acting White?: Rethinking Race in 'Post-Racial' America.'

During President Barack Obama’s 2008 campaign, some public discourse focused on the “blackness” of the President. Some on the right critiqued him for being “too black,” but some on the left claimed he was “acting white.”

“President Barack Obama, has these public moments, where he has to deal with the facts of race. He’s in this complicated situation where he has to appeal to members of multiple racial groups and have them all support him,” states Mitu Gulati, professor at Duke Law. “And then these instances occur as with Trayvon Martin, and he has both of these groups watching him so very carefully to see how Black is he or how Black isn’t he.”

Host Frank Stasio talks with Gulati and his co-author and fellow law professor Devon Carbado of UCLA School of Law. Their book, “Acting White? Rethinking Race in 'Post-Racial' America,” (Oxford University Press; 2013) addresses the question: “What does it mean to ‘act white’?”

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Business & Economy
4:47 pm
Wed August 28, 2013

Heavy Traffic Expected On Labor Day Weekend

The Highway Patrol is encouraging motorists to be safe this weekend.
Credit epSos via Flickr, Creative Commons

As the summer begins to wind down, lots of folks will be hitting the road and getting in last trips to favorite water recreational areas this Labor Day weekend. Troopers will be joining forces with officers from the state Wildlife Resources Commission to keep roadways and waterways safe.  First Sergeant Jeff Gordon from the state Highway Patrol says last Labor Day weekend 18 people lost their lives and more than 400 were injured on North Carolina roads.

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