economy

People apply for jobs at Coca-Cola at a jobs fair hosted by the Congressional Black Caucus in Miami, Tuesday, Aug. 23, 2011.
AP Photo/Lynne Sladky

Blacks – especially black women – working in the public sector were disproportionately laid off during the recession, according to a new study by the University of Washington.

The study is being presented this week at a conference of the American Sociological Association. It found that white workers appear to have been better protected from financial shocks to government budgets.

Student loans have become an issue in the presidential campaign, especially on the Democratic side. And it's no wonder. There are more than 40 million Americans with some $1.3 trillion in outstanding student loan debt.

But people who study education finance say one widely popular proposal to help lessen the debt load may not be as good as it seems.

The first problem: the debt load

Flickr Photo/Wonderlane (CC-BY-NC-ND)

Former and current employees are getting a letter from Microsoft this week.

It says no more Microsoft stock will be bought for the company’s 401k plan. The question is why.

Michael McCabe knows what it's like to be surrounded by zombies.

Zombie houses, that is.

McCabe still lives in the neighborhood where he grew up, Woodbury Heights, N.J., a middle-class suburb of Philadelphia. He knows which houses are in foreclosure and which have been abandoned. The latest seems to be right behind his own.

For the second-straight day, China has allowed its currency to take a sharp drop, sparking another round of falling stock prices internationally. The decision to devalue the yuan has shaken investors who fear a currency war and question the health of China's economy, the second-largest in the world.

A wave of wage increases in cities across the country, as well as at several major businesses, continued on Wednesday.

Ann Dornfeld / KUOW

Nearly 2,000 Seattle young people have jobs this summer as part of the city's Youth Employment Initiative, Mayor Ed Murray said Wednesday.

Murray said the program has more than doubled in size from last year -- but still there were nearly twice as many applications as there were internships. The goal is to expand the program into the school year to meet the demand.

Theo Polizos, right, prepares bougatsa at St. Demetrios Greek Orthodox Church in Seattle.
Seattle Globalist Photo/Venice Buhain

As Theo Polizos and about a half dozen other women at St. Demetrios Greek Orthodox Church on Capitol Hill prepared dozens of trays of bougatsa last week for the parish’s upcoming Greek Festival, their families in Greece were not far from their minds.

USA flag, China flag
Flickr Photo/USDA (CC BY 2.0)

David Hyde speaks with Jon Talton, economics columnist for the Seattle Times, about the recent volatility in the Chinese stock markets and what that means for Washington state. 

The Greek word for no is oxi, and across Athens and the Greek Islands on Sunday, it was everywhere: on posters, spray-painted on walls and old cars.

And it was also on ballots: Greek voters voted oxi Sunday in a historic referendum over the country's economic future.

There's a serious problem in the American economy: Big corporations are doing well, but real household income for average Americans has been falling over the past decade — down 9 percent, according to census data.

"That's not good for America," says Harvard economist Michael Porter. "That's not good for America's standard of living. That's not good for our ultimate vitality as a nation."

File photo of the Port of Seattle.
Courtesy of the Port of Seattle

Marcie Sillman talks to Mark Szakonyi, executive editor at the Journal of Commerce, about the Northwest Seaport Alliance, a management agreement between the Port of Seattle and Tacoma that is expected to be approved by August.  

A container ship at the Port of Seattle.
Flickr Photo/Bari Bookout (CC-BY-NC-ND)

Ross Reynolds speaks with economics reporter Jon Talton about climate change's affect the economy of the Pacific Northwest.

According to the monthly update released Wednesday by Washington's Employment Security Department, the state’s unemployment rate stayed flat in February.

KUOW Photo/Deborah Wang

Researchers from the University of Washington and the state are hoping cold, hard data can help settle the heated debate over the costs and benefits of raising the minimum wage in Seattle.

Pages