Business & Economy

Business & Economy
10:00 am
Wed June 29, 2011

Poverty Simulation in Durham

The number of residents in the Triangle living in poverty is about 14-and-a-half percent and growing.  A group of community leaders met in Durham yesterday to try to address the problem. 

Community, political and business leaders took part in a “poverty simulation.”  Henry Kaestner – co-founder of Durham Cares – played an 8-year-old boy whose family managed to secure health coverage after a lay-off.

Henry Kaestner:  "The relief on her face was not a role-playing relief, it was very real relief."

Cynthia Booth works with Durham’s Parks and Rec Department.

Read more
Business & Economy
6:00 pm
Mon June 27, 2011

Report: Casino Benefits Local Economy

The Harrah’s Cherokee Casino in Western North Carolina contributes almost $400 million to the local economy. That’s according to a new report from UNC Chapel Hill.

Business & Economy
5:14 pm
Mon June 20, 2011

Raleigh-based RBC Bank Sold

RBC bank
Credit RBC

PNC Financial has announced that it will buy Raleigh-based RBC Bank in a move that will allow the Pittsburgh-based bank to expand into the South. The deal is worth nearly $3.5 billion. Jim Westlake is the CEO of RBC Bank in Raleigh. He says he doesn't know yet what the local impact will be.

Read more
Business & Economy
5:45 am
Mon June 20, 2011

"Unbanked" Consumers at Greater Risk for Theft

New research shows getting so-called "unbanked" people into the formal banking system can be good for the community. Alejandro Sanchez works for the Latino Credit Union in Durham. He says the study from the University of Virginia listed several advantages to bringing banking to previously unserved areas.

Business & Economy
4:32 pm
Fri June 17, 2011

NC Unemployment Rate Doesn't Budge

North Carolina's unemployment rate held steady at 9-point-7 percent in May. The rate has been constant for the last three months. The state unemployment figure is more than half a percent higher than the national rate. Larry Parker with the state Employment Security Commission says these numbers are indicative of the sluggish economy.

Larry Parker: "I think what we're seeing is what we've seen over the last six or seven or eight months. the economy is very static right now. there have not been major gains in the job force it is just a very very slow recovery."

Business & Economy
6:00 am
Tue June 14, 2011

Obama: CREE Leading Manufacturing Comeback

President Obama speaks at Cree Inc. in Durham
Credit Brent Kitchen

President Barack Obama is searching for a real fix to the country’s jobs problem.  The White House is quick to say some two million private sector jobs have been created in the past 15 months.  But that’s hardly enough to put a dent in the country’s high unemployment rate.  So the president decided to visit a part of the country where he’s been before – a place that has steadily created jobs in the down economy. That place is Cree Incorporated in Durham.

Read more
Business & Economy
5:30 am
Mon June 13, 2011

Obama Brings Jobs Council to Durham, Raleigh

President Barack Obama has been making the rounds across the country looking for ways to help spur economic growth and job creation.  Today he is scheduled to stop in Durham.

Business & Economy
10:00 am
Thu June 9, 2011

CFO Optimism Not As Strong

Chief Financial Officers are beginning to get nervous again about the economy.  That’s the latest from a quarterly report by Duke University and C-F-O Magazine. 

  Six months ago – C-F-Os were talking about increasing full-time employment by 2-percent over the next year.  Now it’s more like point-seven percent. Kate O’Sullivan is the deputy editor of C-F-O Magazine.  Despite falling optimism, O’Sullivan says things are looking up for people who already have jobs.

Read more
Business & Economy
10:00 am
Tue June 7, 2011

Benefits Restored for Long-term Unemployed

North Carolina’s Employment Security Commission is in the process of re-evaluating extended benefits for thousands of residents.  Some jobless residents are getting back payments thanks to an executive order signed by the governor. 

About 47-thousand jobless residents are getting a second look by the E-S-C. That’s after Governor Bev.  Perdue’s executive order, restoring an extended jobless benefits program for the long-term unemployed. Larry Parker is a spokesman for the E-S-C.   He says as soon as they confirm the status of claimants – money is being disbursed right away.

Read more
Business & Economy
6:00 am
Tue June 7, 2011

Equal Pay Elusive For Women On Campus

Last month, U.S. News and World Report ranked the Durham-Chapel Hill area as the best place in the country for gender equality in the workplace. As one reason, the magazine cited the area’s percentage of highly-educated women. It might seem obvious that the area’s progressive universities are part of the reason… but the truth is, universities are lagging in equal pay for women. 

Nan Keohane was a young, ambitious political science professor at Swarthmore when she got her first taste of gender inequality. 

Read more

Pages