Economy

President Barack Obama talks about the importance of raising the minimum wage.
Official White House Photo by Chuck Kennedy

President Barack Obama signed an executive order last week to raise the minimum wage for federal contract workers to $10.10 per hour. He is pushing for Congress to pass a bill that will do the same for all Americans. 

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

After ongoing controversy about educator pay, Governor Pat McCrory announced a plan to increase salaries for new teachers yesterday. Under this plan, the base pay for the state’s beginning teachers will increase to $35,000 over the next two years, bringing North Carolina starting teacher pay in line with that of border states like Virginia, Tennessee and South Carolina.

NC Department of Health and Human Services logo
NC Department of Health and Human Services

Officials with the state Department of Health and Human Services say they've made great strides in reducing a backlog of food stamp recipients who weren't receiving their benefits. The USDA had issued the state a warning that unless it reduced the backlog of claims before a Monday deadline, North Carolina could lose 88 million dollars' worth of funding from the U.S. Department of Agriculture.

Photo: A rig and gas well operation on the Marcellus Shale in Scott Township, Pennsylvania.
WCN247 via Flickr

The head of the commission appointed to write North Carolina’s rules for hydraulic fracturing for natural gas asked lawmakers Tuesday to halve the area for which drilling companies would be responsible in case of water contamination.

James Womack, chairman of the state’s Energy and Mining Commission, asked that drilling companies be held liable for contamination up to 2,500 feet from excavation sites. Under Senate Law 143, which was signed in 2012, mining companies are liable up to 5,000 ft.

stack of money
Flickr user 401(K)2013

    

Many of us get a little emotional high when we're out spending money.

Now take that idea, and apply it to broader financial decisions. If you are a worrier are you more or less likely to invest money?

Neuroeconomist Camelia Kuhnen knows the answer to that. She studies what goes on inside our heads when we make such decisions.

Here's what she told WBEZ earlier this year:

press.uchicago.edu

Nicholas Carnes is an Assistant Professor of Public Policy at Duke University and author of "White-Collar Government: The Hidden Role of Class in Economic Policy Making” (University of Chicago Press/2013).

Carnes speaks with Frank Stasio on Tuesday January 7, 2014 about money and politics.

Unemployment Rate
U.S. Bureau of Labor Statistics

In the never ending story that is "so-so" economic news, North Carolina's unemployment rate took a sharp drop in November, but that doesn't necessarily mean there are more people employed.

Here are the numbers up front:

Traffic jam
epSos via Flickr, Creative Commons

Increasingly congested roadways are worrying officials in Raleigh.

The City Council has submitted a "wish list" of road improvement projects to the North Carolina Department of Transportation. It includes a proposal to add lanes to I-540 on the north side of the city.

The council doesn't expect the state to fund the project, so it suggested paying for the 108 million-dollar expansion by setting up tolls on the roadway.

Councilwoman Mary-Ann Baldwin says she knows tolls would not be popular, but she thinks breaking up traffic jams would be.

Photo: Former governors Jim Hunt (left) and Jim Martin
Jorge Valencia

Prominent North Carolina politicians, including Sen. Kay Hagan and former governors Jim Hunt and Jim Martin, spoke in support of U.S. foreign spending on Monday, saying investments outside of the country can benefit the state’s economy. 

The Capitol Building On First Day Of Federal Government Shutdown
http://www.flickr.com/photos/divaknevil/ / flickr.com

  

Pages