Business & Economy

Business & Economy
10:05 pm
Thu August 7, 2014

North Carolina Pork Had Been Surging In Russia... Not Anymore

North Carolina has exported $37 million in pork to Russia, year-to-date.
Credit Eric Mennel / WUNC

Last year, according the State Department of Agriculture, North Carolina exported about $3.7 million in meat products to Russia. So far this year, that number has increased ten-fold, to $40 million. Now that Russia has banned the import of American beef, pork, and poultry products, that surge will come to a halt.

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Business & Economy
10:05 am
Wed August 6, 2014

Power Companies Want More Control Over When Electric Vehicles Recharge

Credit David Dodge / Green Energy Futures via Creative Commons

Eight different auto manufacturers and 15 different utility companies are teaming up with the Electric Power Research Institute to test technology that will allow them to determine when electric cars can recharge.

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Business & Economy
9:37 am
Wed August 6, 2014

Orange County Leaders Declare A Need For More Assisted Housing Options

Carrboro's and Chapel Hill's mayors spoke out against the dwindling number of section 8 housing available for low-income families there.
Credit capl_@_washjeff.edu / Creative Commons

Several major property management companies in Carrboro and Chapel Hill are no longer accepting federal housing assistance vouchers.  Housing assistance advocates say options for low-income families in the area are dwindling.

James Davis of the Orange County Housing Authority said at a press conference in Carrboro yesterday that there's a misconception that Section 8 recipients don't work, or that participating in the Section 8 program is difficult.

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Business & Economy
8:32 am
Tue August 5, 2014

NC Has 12th Most-Expensive Mortgage Closing Costs

North Carolina ranks 12th for mortgage closing costs.
Credit AKZOphoto / Creative Commons

A new national survey shows mortgage closing costs are rising across all 50 states. 

Holden Lewis is a mortgage analyst for Bankrate.com.  He says North Carolina ranks as the 12th most expensive state. 

“Mortgage closing costs went up this year about five or six percent compared to last year.  And lenders say that the reason is regulation,” Lewis said. 

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Business & Economy
12:00 pm
Fri August 1, 2014

Back-To-School Sales Tax Holiday From Texas To Maryland, But Not In NC

All the states surrounding North Carolina have a Back-to-School Sales Tax Holiday.
Credit waaytv.com

This weekend would normally be North Carolina’s Back-to-School Sales Tax Holiday.  But that ended last year.  The state Retail Merchants Association is asking business owners to track sales anyway.

The state legislature’s argument for doing away with the Back-to-School Sales Tax Holiday was it cost North Carolina $13 million dollars in lost sales tax revenue.

But supporters of the popular sales tax holiday say consumers saved $13 million dollars.

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The State of Things
12:26 pm
Thu July 31, 2014

The Cases For And Against Cuts To Jobless Benefits

Credit Wikimedia

    

North Carolina lawmakers voted last year to end long-term unemployment benefits.

The move meant the state stopped accepting money from the federal government for workers who had been out of a job for 20 weeks or more. Legislators said they made the change in order to start paying down more than $2 billion in jobless benefits the state already owed to the federal government.

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Business & Economy
1:38 pm
Wed July 30, 2014

'SPENT', Hit Game About Money And Resources, Goes Mobile

Screen-shot from the Spent videogame.

In 2011, a new videogame premiered that not many expected would be a hit. The game is called Spent and it is about surviving homelessness.

Spent is a collaboration  between Urban Ministries of Durham and the interactive firm, McKinney.

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Business & Economy
11:14 am
Wed July 30, 2014

[VIDEO] Innovative Assistance For Raleigh’s 'Food Deserts'

Mr. Zelb Hunter (center) started Grocers on Wheels. His soon Demetrius runs it now, with Anita Woodley.
Carol Jackson

Willie Latimore has a really hard time getting fresh food. He lost much of his right leg to diabetes a few years ago, and he uses a wheelchair to get around. He lives at Carriage House Apartments in Raleigh, where the rent is based on income.

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Business & Economy
9:37 pm
Mon July 28, 2014

Battle Over A Dollar: Dollar Tree Buys NC-Based Family Dollar

This new Dollar Tree store in Durham, NC will soon be opening at the corner of Martin Luther King Jr. Parkway and Fayetteville Road.
Credit Leoneda Inge

North Carolina-based Family Dollar was opening hundreds of stores a year, until this year.  Now it’s being bought by Dollar Tree, one of its biggest rivals.

There are several Family Dollar discount stores in Durham, but they aren’t new.  In fact, Family Dollar announced earlier this year it would close 370 stores nationwide.

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The State of Things
11:50 am
Fri July 25, 2014

Child Poverty Rate Rising In North Carolina

Credit Nathan Winter / Flickr Creative Commons

    

When children are living in poverty, it can have long-term consequences for their health, education and their own economic status. 

But in many cases, their families don’t have access to social services, or know where to get help. 

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