economy

Seattle Boom
3:31 pm
Mon July 21, 2014

Massive Layoffs At Microsoft A Test For Seattle Startup Culture

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

Last week, Microsoft began the biggest layoffs in the company’s history: 18,000 total expected in the next year. So far, about 1,300 local workers have been affected.

Jon Talton, business reporter for the Seattle Times, told KUOW’s Ross Reynolds on The Record that this event is a test for the local economy. He said the Seattle area is in the midst of an economic boom – driven by Amazon, Boeing’s 777X and 737, increased exports and low unemployment.

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2 Beds, 1 Bath
11:48 am
Thu July 17, 2014

San Francisco Median Home Price Hits $1 Million

According to real estate website Zillow, each of the Painted Ladies in San Francisco's "Postcard Row" is worth around $3 million. (Leonardo Stabile/Flickr)

Originally published on Thu July 17, 2014 11:03 am

In an already pricey real estate market, San Francisco’s median home price has just hit the $1 million mark, according to a new report from industry info firm DataQuick.

To figure out what’s going on in the city by the bay, Here & Now’s Jeremy Hobson turns to Nancy Wallace, co-chair of the Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley.

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Economic Recovery
8:00 am
Thu July 17, 2014

Washington Jobless Rate At 6-Year Low, But Rural Counties Lag

King County is leading the job recovery in Washington state.

Originally published on Wed July 16, 2014 4:41 pm

According to the June jobs report released Wednesday, Washington’s jobless rate has dropped to 5.8 percent -- the lowest level in six years.

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Commercial Real Estate
3:05 pm
Wed July 16, 2014

What's Hot Right Now: Downtown Seattle Property Values

Ross Reynolds talks with economist and real estate analyst Matthew Gardner about the commercial real estate market in Seattle.

Economic Measurement
3:28 pm
Tue July 15, 2014

Is The Government Doing More For The Economy Than We Realize?

Ross Reynolds talks with Lew Daly, director of policy and research at Demos, a public policy think tank in New York. In a report released this month, Daly said our method of measuring gross domestic product obscures public value in our economy.

Love Thy Stranger
3:34 pm
Wed July 9, 2014

Trust In The Age Of The Sharing Economy

Internet businesses like Lyft, which facilitates peer-to-peer ridesharing (recognizable by a pink mustache) are changing the way we trust one strangers. (Alfredo Mendez/Flickr)

Originally published on Wed July 9, 2014 12:41 pm

Until recently, there were a few gems of conventional wisdom followed by most: don’t get into a stranger’s car; don’t open your door to someone you don’t know; don’t lend out your valuables. Well, those rules — and so many more — are being upended by the way we’re now living.

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Economic News
3:17 pm
Mon June 23, 2014

The American Wealth Gap, Changing Jobs, And Rising Wages

Marcie Sillman talks to Seattle Times columnist Jon Talton about the paper's annual report on executive pay. In addition, the two discuss how jobs in America have shifted to service jobs.

Traffic
8:27 am
Tue June 17, 2014

Surprise? Seattle Traffic Has Only Gotten Worse

Northbound I-5 traffic in 2010. It's only gotten worse.
Washington State Department Of Transportation Photo

Traffic jams have plagued the Seattle area for weeks. Now a traffic data company reports that congestion has been getting worse even before the traffic snarls of the last few weeks. 

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Author Interview
11:43 am
Fri June 6, 2014

Ms. Warren Goes to Washington: A Progressive Senator’s Life Story

Senator Elizabeth Warren.
Flickr Photo/Senate Democrats (CC-BY-NC-ND)

This week on Speakers Forum, Massachusetts Senator Elizabeth Warren tells the story of her life and her vision of a progressive America. Warren is known as an advocate for consumer protection. She was largely responsible for the hard-won establishment of the U.S. Consumer Financial Protection Bureau.

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Council Approves Plan
3:26 pm
Mon June 2, 2014

City Will Have To Help With $15 Minimum Wage, Says One Nonprofit

Downtown Emergency Services Center Executive Director Bill Hobson.
Credit From DESC's Facebook page.

David Hyde talks with Bill Hobson, executive director of Downtown Emergency Service Center, about how his organization would implement the $15 minimum wage and why he's advocating that the city help.

STEM Workers From Abroad
3:01 pm
Fri May 30, 2014

Study: More Skilled Foreign Workers Could Mean Higher Wages In Cities

Ross Reynolds talks to Giovanni Peri, an economics professor at U.C. Davis, about how foreign-born workers in science and technology might affect the health of economies. Peri argues that the federal government should increase the cap on H-1B worker visas, which would ultimately encourage economic growth and innovation.

Financial Crisis
9:54 am
Fri May 30, 2014

'Stress Test': Before, During And After The Panic Of 2008

Former U.S. Secretary of the Treasury Timothy Geithner and President Barack Obama at the G20 London Summit, 2 April 2009.
Flickr Photo/Downing Street (CC-BY-NC-ND)

The financial crisis of 2008 is widely referred to as the worst fiscal disaster since the Great Depression of the 1930s. It threatened large financial institutions with collapse and resulted in bank bailouts and downturns in stock and housing markets around the world.

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Game Of Homes
3:30 pm
Tue May 27, 2014

'To Have A Place Where I Can Have Food'

David Allen and his dog Blade - 'the love of his life' - live at the Pat Williams Apartments, a subsidized housing complex.
Credit KUOW Photo/Hannah Burn

The Census Bureau estimates Seattle grew faster than any other major American city last year. As more people move here, the pressure is on to find an affordable home.

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Creative Problem Solving
4:12 pm
Fri May 23, 2014

Thinking Like A Freak, Economically Speaking

Steven D. Levitt (left), Arwen Nicks and Stephen J. Dubner in the KUOW studios.
Credit KUOW Photo

Arwen Nicks talks with best selling authors Steven Levitt and Stephen J. Dubner about their most recent book, "Think Like A Freak."

Author Interview
10:18 am
Fri May 23, 2014

Nomi Prins On The History Of Wall Street And The White House

Credit Nomi Prins' new book, "All the Presidents' Bankers"

In Nomi Prins' new book "All the Presidents' Bankers," she delves into over a century of close ties between the White House and Wall Street. Using archival correspondence, she explores the ways a small group of influential people, elected and not, has shaped American policy at home and abroad. The book details economic expansion, contraction and crises from the panic of 1907 to today, in the context of what Prins calls America’s genealogy of power.

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