Economy

State of Things
12:21 pm
Thu August 23, 2012

Criminal Corporations

In the aftermath of the 2008 economic collapse, the public clamored for criminal prosecution of those responsible. While some corporations and banks have paid out big fines, few executives have gone to prison. Host Frank Stasio talks to Rick Rothacker, a Reuters banking reporter, about why many criminal corporations have gone unpunished.

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State of Things
9:12 am
Tue July 17, 2012

Job Creation & The Economy

Occasionally, there are headlines about a new company coming to the area and bringing a certain number of jobs with it. Politicians love to talk about job creation, but what does it really mean for a local economy when a handful of people have a shot at employment? How many new jobs would it take to have a truly positive impact on a down economy and does it matter if the jobs are low wage?

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State of Things
8:00 am
Mon July 9, 2012

Meet Kevin Trapani

Businessman Kevin Trapani will tell you that his company, Redwoods Group, does well by doing good.  Redwoods Group recently won an award that validates his claim. B-Lab, an organization that certifies socially responsible companies known as B-corps, named it one of the “Best Companies for the World.”

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Business & Economy
5:00 am
Thu July 5, 2012

Bankers List Foreclosed Properties

The down economy has brought with it a lot of foreclosed properties. The North Carolina Bankers Association has developed a website to help get this real estate sold. 

Leoneda Inge:  The new website is called REO Deed Wagon dot com. REOs are real estate owned properties owned by the lender, in this case, a bank.  Brandon Wright is a spokesman for the North Carolina Bankers Association.  He says their goal is to have as many as two thousand properties listed by the end of the year.

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Business & Economy
4:35 pm
Thu June 28, 2012

Economic Impact of High Point University Grows

A new study shows growth at High Point University has led to an increased economic impact on the local and state economy.

Jeff Tiberii: The report says that the annual economic impact has nearly tripled in just the last seven years. The private university with about 4-thousand undergrads has undergone a significant make-over during that time under President Nido Qubein.

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Arts & Culture
3:42 pm
Mon June 11, 2012

New Report Shows Value of Arts Industry

A new report is detailing the economic impact of arts in North Carolina.

Jeff Tiberii: The national study concludes nonprofit arts and cultural organizations in the state had a financial impact of 1.24 billion dollars during the 2010 fiscal year. That ‘impact’ figure includes ticket purchases, estimates on money spent before and after the show, and the salaries art professionals earn. Catherine Heitz New is with the Arts Concil of Forsyth County:

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Arts & Culture
7:05 am
Tue June 5, 2012

Turning To Baking In A Tough Economy

Lavinia "Big Boss" Hensley
Leoneda Inge

The current state of the economy has shaken up countless careers, especially if you were in the housing construction business. But in a neighborhood outside High Point, one woman who used to build homes now uses her own home as a bakery. She said it was time to do the one thing she knew best and Big Boss Baking Company was born. Leoneda Inge has this report for our series, “Breaking into the Food Biz.”

Lavinia Hensley:  Hey come on in, how are you. You found us. See you weren’t too far.
Leoneda Inge: I know. I found it.

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Business & Economy
4:20 pm
Fri May 18, 2012

NC Unemployment Rate Drops Again

North Carolina's unemployment rate is continuing to show improvement.

Gurnal Scott: The state's jobless rate in April fell to 9.4 percent down three-tenths from 9.7 percent in March. This marks four straight months that the rate has gone down. Larry Parker is spokesman for the state Commerce Department's Division of Employment Security. He says while the decrease is good news, it doesn't mean the state's economic recovery is speeding up.

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Business & Economy
5:00 pm
Fri March 30, 2012

NC Low in Per Capita Income Growth

There is another sign economic recovery is moving slower in North Carolina than in a lot of other states.   The rate of per capita income growth is among the smallest in the country.

Leoneda Inge:  The US Bureau of Economic Analysis says per capita income growth in North Carolina was 3.3-percent between 2010 and 2011.   The only states with a smaller income growth rate are Maine and Alaska.  Alexandra Sirota is Director of the North Carolina Budget and Tax Center.  She says the state fared better three to four years ago.

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State of Things
11:49 am
Thu August 18, 2011

What's So Great About Being Middle Class?

In the wake of the global economic crisis, it seems Americans agree on at least one thing: the middle class is under siege. But who is the middle class? And what is it that's plaguing them?

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