Economy

Gov. Pat McCrory stands at a podium and speaks to the Emerging Issues Forum on Monday.
Dave DeWitt

At the annual Economic Forecast Forum Wednesday, executives and Governor Pat McCrory convened to share their opinions on the state’s economic climate.

Many economists were optimistic, saying 2015 was a big year, but 2016 looks even better. Wages are up, the work force is growing, and even more job growth is projected for the coming year.

The Carolina Theatre today
Josh Hofer / The Carolina Theatre

The Carolina Theatre of Durham has been celebrating record attendance and revenue—up 42% in the past two years—from $3.5 million to $5 million.

But theater administrators revealed yesterday that because of accounting "errors and omissions," they are actually more than $1 million dollars in debt.

The theater receives an annual $650,000 subsidy from the city of Durham, and City Manager Tom Bonfield is trying to understand the magnitude of the problem.

Chad Stevens

Last weekend marked the fifth anniversary of the Upper Big Branch mine disaster in West Virginia—the nation’s worst coal mine disaster in decades. Massey Energy, one of the largest American coal companies, ran the mine, and its CEO Don Blankenship has since been indicted on charges that he deliberately concealed health and safety violations at the mining site.

In addition to taking on education initiatives, PAGE encourages girls to produce photography and digital stories.
Madison County Photo Exhibition / carolinapage.org

Rural communities in western North Carolina are in the midst of an economic shift.

The rise and fall of the family farm means places like Madison County are looking for new ways to support themselves. The answer could be in the tech industry. But technology businesses rely on a steady stream of well-educated workers. 

A panel discussion tonight at Duke University, "Rethinking Appalachia," examines ways to develop a high-tech workforce in rural Appalachia.

The 'Old Well' UNC-Chapel HIll
Caroline Culler / Wikipedia

The state’s higher education institutions had a $63.5 billion impact on the state’s economy in the 2012-13 fiscal year, according to a new study. 

Higher education leaders say the report shows that the North Carolina’s institutions of higher education are providing a strong return on investment for students and taxpayers.

It notes that taxpayers invested $4.3 billion to support higher education in 2012-13, and received a $17 billion return.

Dan Ariely / Duke Photography

Dan Ariely works in contradictions. He studies behavioral economics and points out that humans are logical but irrational beings.

How do we assign monetary value to a thought or an idea? How do we decide when a lie is more valuable than the truth? Are we really in control of the decisions we make on a daily basis?

At the crossroads of psychology and economics, Ariely has made it his life’s work to study the idea that some of our best intentions can lead to our most irrational behavior.

Sharing economy illustration
North Carolina General Assembly

North Carolina lawmakers are taking their first look at how to regulate networks of individuals who buy and sell services between each other, a billion-dollar global industry that already operates in dozens of cities across the state.

One of the peer-to-peer economy’s biggest exponents, Airbnb, accounts for about 2,700 residential rental listings across North Carolina, and drivers who pick up passengers with their personal cars using the application Uber operate in ten cities here.

We've written a lot about how income has changed (or not) for the rich, middle class and poor in the U.S. We've written much less about what the rich, middle class and poor actually do for work.

To remedy that, we made this graph. It shows the 10 most popular jobs in each income bracket. Click on each job to see where it appears in different income brackets.

Showhomes, Home Staging
Eric Mennel / WUNC

About a year ago, Cora Blinsman’s mom passed away. Needless to say, it was a really hard on her. She started taking stock of her own life. Cora had been a full-time, stay-at-home mom for 20 years, and she was feeling burnt out. She needed space. So … she got a lot of it.

Soccer Ball Image
Flickr/Sonny Abesamis

    

As the 2014 World Cup draws to a close, all eyes are on Brazil. Historical data shows the effects of this tournament may go far beyond the walls of the stadium.

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