economy | KUOW News and Information

economy

Courtesy of Hachette Book Group

Author Nomi Prins used to be a Wall Street banker. Now she writes with a critical eye about how banks and economies work.

One example: how in 2017, U.S. banks used 99 percent of their earnings to buy their own stocks and pay out dividends to their shareholders.

Economist and former Greek finance minister Yanis Varoufakis.
KUOW Photo/Gil Aegerter

'If you can't explain the economy in a language young people can understand, you are clueless yourself.'

So says former Greek finance minister Yanis Varoufakis, whose book "Talking to My Daugher About the Economy" is a testament to his own mastery of the subject. 

FILE: T-Mobile storefront
Flickr Photo/Mike Mozart (CC BY 2.0)/https://flic.kr/p/oAiRsx

Kim Malcolm talks with Geekwire's Todd Bishop about the potential impact of the proposed merger between Bellevue-based T-Mobile and Sprint.

A Seattle Saracens rugby match
Flickr Photo/Francisco Javier Perez (CC BY-NC-ND 2.0)/https://flic.kr/p/RrAo1f

Kim Malcolm talks with Kevin Flynn about the Seattle Seawolves and the prospects for professional rugby in Seattle. Flynn is a manager with the Seawolves and president of the Seattle Saracens Rugby Club.

The Seawolves kick off their inaugural season against the San Diego Legion on Sunday at Starfire Sports in Tukwila.

An Uber driver near the San Francisco International Airport.
AP Photo/Jeff Chiu

The Seattle City Council unanimously passed a resolution Monday to consider regulating transportation network companies like Uber and Lyft.

The city could end up raising base fares to $2.40, which is the minimum fare charged by taxis. Currently, both Lyft and Uber charge $1.35 as a base fare in Seattle.

Kim Malcolm talks with journalist Kevin Schofield about the impact of potential regulations on drivers and consumers.

Boeing’s Shared Services Group (SSG) is set to move to the southwest state by 2020.
Flickr Photo/Chuck Taylor (CC BY-NC-ND)/https://flic.kr/p/7C1E9w

Bill Radke talks to Andrew McIntosh, aerospace reporter for The Puget Sound Business Journal, about the effect China's new tariffs will have on Boeing and the Puget Sound area's aerospace community. 

A group of people jog across Lenora Street, on Thursday, October 5, 2017, in front of Amazon's biodomes, in Seattle.
KUOW Photo/Megan Farmer

Bill Radke talks to Bloomberg's Emily Chang, author of the book "Brotopia: Breaking Up The Boy's Club Of Silicon Valley," and Kristi Coulter, former Amazon employee and writer of the upcoming book "Nothing Good Can Come From This," about how the sometimes misogynistic and aggressive work culture in places like Silicon Valley shuts women out of the booming tech industry. 

Computer technology keyboard
Flickr Photo/Anonymous Account (CC BY-NC-ND)/http://bit.ly/1Zj35Hj

Let's travel to the future for a moment and step inside a fish and chips joint for some lunch. Inside - the manager is planning a new promotional campaign. She's thinking of who's coming in, and what they want to eat. And she's doing it using Big Data.

Apples at the Olympia Farmers Market.
Flickr Photo/WSDA (CC BY-NC 2.0)/https://flic.kr/p/ZsGd1C

Last week, President Trump slapped tariffs on imports of aluminum and steel. As the most trade-dependent state in the country, what's the potential impact of a trade war on Washington?

Kim Malcolm sat down with Debra Glassman, senior lecturer in business economics at the University of Washington to discuss.

From left, Damian Bogas, Evan Potter and Keegan Obrien work on Sunday, March 4, 2018, at the Walrus and the Carpenter in Seattle.
KUOW Photo/Megan Farmer

KUOW listener Derek Hanson wanted to know, in a city with a $15 per hour minimum wage, "do I still need to tip?"

The short answer is a full-throated yes. At least, that’s what nearly every server told KUOW.

But the long answer is more complicated. 


A new NPR/Marist poll finds that 1 in 5 jobs in America is held by a worker under contract. Within a decade, contractors and freelancers could make up half of the American workforce. In a weeklong series, NPR explores many aspects of this change.

For Tom Hansen and his family, the past few weeks have been a time of feast or famine.

A new NPR/Marist poll finds that 1 in 5 jobs in America is held by a worker under contract. Within a decade, contractors and freelancers could make up half of the American workforce. Workers across all industries and at all professional levels will be touched by the movement toward independent work — one without the constraints, or benefits, of full-time employment. Policymakers are just starting to talk about the implications.

Housing costs contribute dramatically to the high basic cost of living in Seattle.
KUOW photo/Megan Farmer

Rents have been declining in the Seattle area. Compared with the previous quarter, rents in December dropped an average of $50.

Boxed items are shown on conveyer belts leading to docks where they will be loaded onto trucks at an Amazon fulfillment center on Friday, November 3, 2017, in Kent.
KUOW Photo/Megan Farmer

Bill Radke talks to Peter Goodman, the European economics correspondent for The New York Times, about why workers in Sweden are not worried about robots replacing their jobs. And we hear from Carolyn Adolph and Joshua McNichols about how robots are changing the way humans work at Amazon and what the economic future of our country might be as more jobs are replaced by artificial intelligence and automation.

Alaska Airlines is following the lead of American Airlines, Southwest and dozens of other large companies in awarding $1,000 bonuses to its workers tied to the recently passed corporate tax cut.

It's New Year's Day, so it's time for football, hangovers, resolutions — and forecasts.

With the first three, you're on your own. But for forecasts, we have economists to help. They get paid to peer into the future, and in general, they are seeing good times ahead, thanks to an upbeat business cycle.

"The stage is set for continued solid growth in 2018," Nariman Behravesh, chief economist at IHS Markit, said in his annual forecast. "While economic risks remain, most are low-level threats to the overall picture for 2018."

Census Data Highlights Pacific Northwest Population Growth

Dec 27, 2017

States in the Pacific Northwest are among the fastest growing in the country. And according to the latest census figures,  it’s gaining people more than twice as fast as the national average.

Migration to the region—rather than births—made up the bulk of population growth.

Congressman Paul Ryan of Wisconsin speaking at CPAC 2011 in Washington, D.C.
Flickr Photo/Gage Skidmore (CC BY-SA 2.0)/https://flic.kr/p/cVEJJh

Jeannie Yandel talks to Gary Grimstad, local accountant and part time lecturer in the University of Washington Foster School of Business about how the new GOP tax plan will impact Washington residents. 

Updated on Dec. 20 at 3:50 p.m. ET

The Republican tax bill, which Congress sent to President Trump on Wednesday, would give most Americans a tax cut next year, according to a new analysis. However, it would by far benefit the richest Americans the most. Meanwhile, many lower- and middle-class Americans would have higher taxes a decade from now ... unless a future Congress extends the cuts.

If you usually ring in the holiday with a freshly cut evergreen, your reality this Christmas could very well be a scrawny Charlie Brown tree instead — or you may wind up paying more for a lush Fraser fir.

This year, there is a tree shortage. Most growers blame the tightened supply on the Great Recession, says Valerie Bauerlein, who covered the story for The Wall Street Journal.

Seattle is at the top of the list of major U.S. cities that are seeing the highest increases in home prices. That’s according to the real estate firm Zillow, which released a new report Wednesday.

The statewide unemployment rate in Washington again touched a record low of 4.5 percent in October. That's according to the Washington Employment Security Department, which has been tracking the number since the mid-1970s.

One of the paradoxes of racial discrimination is the way it can remain obscured even to the people to whom it's happening. Here's an example: In an ambitious, novel study conducted by the Urban Institute a few years ago, researchers sent actors with similar financial credentials to the same real estate or rental offices to ask about buying or renting a home or apartment.

Amazon confirmed a second and 'full equal' headquarters somewhere other than in the Puget Sound region.
KUOW Photo/Megan Farmer

Bill Radke talks with KUOW reporters Joshua McNichols and Carolyn Adolph about the implications for cities hoping to land Amazon's second headquarters. McNichols and Adolph are co-hosts of KUOW's new podcast Prime(d).

Radke also talks with listeners about their advice to other cities hoping to reel in Amazon.

Tamarind Tree employees from left, Tin Dang, Loan Luong, and Mui Tang work in the kitchen on Thursday, October 12, 2017, at the restaurant in Seattle's Little Saigon neighborhood.
KUOW Photo/Megan Farmer

Tam Nguyen owns the Tamarind Tree restaurant in Seattle’s Little Saigon neighborhood. The menu features dishes like crispy coconut rice cakes with shrimp, and of course pho, which has been part of the fabric of Seattle culture since the 1980s.

Author Raj Patel said that, among other things, we don't pay enough for our food.
Flick Photo/Jo Ann Deasy (CC BY ND 2.0)/https://flic.kr/p/7E5ZEP


Seattle (or Amazon-town, if you prefer) is ground zero for cheap things. Amazon has built a world-altering business out of discounting products online.

 

And author Raj Patel says that’s not a good thing.

Amazon.com logo
Flickr Photo/Guillermo Esteves (CC-BY-NC-ND)

Bill Radke talks to Casey Coombs, reporter at the Puget Sound Business Journal, about Amazon's rapid growth over the last decade and what the company's playbook is for getting cities to offer incentives and deals to open fulfillment and data centers in their region. Coombs' reporting is a part of a series The Business Journals' have published called "The Amazon Effect: How taxpayers are funding the disruption of the U.S. economy."

Housing costs contribute dramatically to the high basic cost of living in Seattle.
KUOW photo/Megan Farmer

A family of four now needs annual income of nearly $76,000 just for basics to live in Seattle – up $30,000 from 2006.

That’s according to researchers at the University of Washington School of Social Work.

Washington’s economic climate is the fourth best in the nation. That’s according to a new report by produced by Washington’s Economic and Revenue Forecast Council.

Amazon confirmed a second and 'full equal' headquarters somewhere other than in the Puget Sound region.
KUOW Photo/Megan Farmer

Regional politicians have been assembling a multi-county strategy to keep Amazon’s growth here.

The company’s announcement last month that it will pick a second headquarters has sent cities scurrying to meet an October 19 deadline.

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