economy

Marcie Sillman talks with St. Lawrence University economist Steven Horwitz about new bartering exchanges and how they compare to bartering of the past.

Buffalo Abandoned Homes Selling For $1

Aug 19, 2014

Like many cities, Buffalo, New York, is facing a glut of abandoned homes and lots. There are roughly 16,000 vacant lots and 4,500 vacant homes throughout the city.

Instead of tearing the homes down, city officials are selling them for $1. They’re calling it the Urban Homestead Program. The program requires that residents have the ability to make necessary repairs, and commit to living in the home for at least three years.

Online rental brokers like Airbnb, VRBO and Flipkey in San Francisco may be finding some success renting to visitors on a nightly basis, but people concerned about a shrinking rental market have turned to legal action and protests.

In the city's North Beach neighborhood, for example, protesters recently gathered around a three-unit apartment with flats an online broker rents to vacationers. This used to be the rent-controlled home of elderly tenants until out-of-town investors bought the building and evicted the residents.

Flickr Photo/Chas Redmond (CC-BY-NC-ND)

California-based biotech firm Amgen announced on Tuesday that it would close its Seattle and Bothell campuses by 2015, resulting in the loss of 660 jobs locally. The closure is part of a company-wide layoff of an estimated 2,400 to 2,900.

From Ubrlocal's Facebook page

Ross Reynolds talks with Kamal Patel, co-founder of Ubrlocal, a marketplace for Seattle gardeners and farmers to share their wares.

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.

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.

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

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

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.

Trust In The Age Of The Sharing Economy

Jul 9, 2014

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.

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.

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. 

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.

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.

Pages