Some of the sanctions against Iran will be eased under an agreement reached between Iran and six world powers over the weekend. In return, Iran promises to temporarily curb part of its nuclear program.
There's widespread agreement that sanctions have worked, squeezing Iran financially and bringing its leaders to the negotiating table. Iran's economy is, by any measure, in terrible shape.
Ross Reynolds talks to Bruce Katz, vice president of the Brookings Institution and co-director of the Brookings Metropolitan Policy Program, about how cities are becoming a fix to the economy and to politics.
Boeing said Thursday it has no further plans to negotiate with its Machinists after the union voted against a contract extension Boeing said was key to its decision to build the 777X in the Puget Sound region. Now the company said it is looking at other locations. It said it would continue to consider the Puget Sound region, but as part of a competition with other places.
The shutdown cost the economy $24 billion according to research from Standard and Poor’s . Other analysts peg it at a few billion higher or lower. But what is certain is that the shutdown had a major economic impact, curtailing annual growth in the fourth quarter to 2.4 percent , down from 3 percent , according to S&P.
The shutdown is over, for now. The agreement passed by the Congress and signed by the President keeps the government open until January 15. The debt ceiling has been raised through February 7. Jon Talton writes a column on business and the economy for the Seattle Times, he explains what we have gained and lost from the partial government shutdown.
Seattle Mayor Mike McGinn presented his 2014 budget proposal yesterday. In a speech before the Seattle City Council, he outlined a plan to boost spending for a host of government programs — from police staffing to universal preschool.
McGinn said the city is in a position to spend more because tax revenues are coming in stronger than expected. “Construction remains strong, our sales tax and real estate excise tax are exceeding forecasts," he said. "That means we can make new investments in our people and our infrastructure.”
This week, KUOW has been taking a deeper look at the jobs recovery in Washington state in our series, The Big Reset. In this segment, we're talking numbers: unemployment, wages, industry trends. And the good news is, Washington is doing all right.
The unemployment rate here has mirrored the national average at around 7 percent. Ross Reynolds talks with regional labor economist, Anneliese Vance-Sherman about Washington's recovery and industry trends.
The US Census Bureau released numbers this week looking at poverty rates and wages across the US in 2012. Our local numbers reflect what’s happening around the country: the number of people living in poverty has stagnated and wages have stayed about the same.
At first glance, this may seem like good news, or even non-news. But the census numbers reveal a larger picture of what’s happening in the wake of the recession: that people in low and middle income brackets aren’t really experiencing a recovery.
Jennifer Romich is the director of the West Coast Poverty Center and an associate professor at the UW School of Social Work. She told KUOW's Marcie Sillman the "statistically insignificant" numbers from the Census Bureau paint a concerning picture of many people that are unable to get ahead financially.
If you’re on the hunt for an affordable apartment in Seattle, Bellevue or Tacoma – good luck. Rents in these urban areas continue to climb higher while people’s earnings remain stagnant, according to a new annual census report released Thursday.
Welding torches have sizzled at the Vigor Industrial shipyard on Seattle’s Harbor Island for a century. But the men and women behind the welding masks in this particular warehouse have only been at it for two weeks. The demand for skilled welders is so high that the shipyard and the state are now paying to teach the skill to displaced workers.
Here in the Puget Sound region and across the country, the economy is making slow and steady progress in recovering from the Great Recession of 2008. But moving forward many questions still remain. A crucial one involves the growing inequality gap. Economist Tyler Cowen says the US will return to historic levels of inequality and in turn, we'll see a thinning out of the middle class.