President Obama has set off on a short trip with a few speeches discussing the long term needs of our economy, but what would these policies mean in Washington state? Ross Reynolds sits down with Marilyn Watkins, policy director at the Economic Opportunity Institute, and Paul Guppy, vice president for research at the Washington Policy Center, to find out more on what the president's goals mean for the Evergreen State.
Washington state is the number one producer of luxury superyachts in the United States. But the marine industry says state tax policy discourages luxury superyacht owners from spending more time and money in Washington state. What is a superyacht? Ross Reynolds finds out that and more when he talks with Peter Schrappen, director of government affairs for the Northwest Marine Trade Association.
President Obama On The Economy President Obama is at Knox College in Illinois today to deliver the first of six speeches on the country's economy, part of an “economic conversation with Americans” over the next two months. While no new sweeping proposals are expected, the President does hope to gain public support ahead of fiscal deadlines coming in the fall. We talk with Peter Coy of Bloomberg Businessweek about what we can expect to hear.
Nancy Pearl Recommends Book commentator Nancy Pearl stops by to recommend summer reading. She says readers should check out, "Winner of the National Book Award," by Jincy Willett. Also by Jincy Willett, "Jenny and the Jaws of Life," and "Amy Falls Down." Nancy also recommends "Americanah" by Chimamanda Ngozi Adichie.
What's Raising Rents In Seattle? Seattle has added nearly 2,000 apartments this year, but rents have gone up. The average renter in King and Snohomish counties now pays $1,190 dollars a month, a 5.8 percent increase over the past year. So what’s driving the skyrocketing rent prices? We talk with Glenn Crellin of the University of Washington’s Runstad Center For Real Estate Studies.
It’s much easier to climb the economic ladder in Seattle than other affluent US cities such as Atlanta. That’s according to a new study by Harvard economists. So what makes Seattle a better place to grow up if you’re born into a low-income household? Ross Reynolds talks with co-author of the study, Nathan Hendren.
Correction 7/24/13: In the original broadcast of this interview we misstated that Seattle City Council candidate Kshama Sawant advocates a minimum wage of $21.72 an hour. According to her campaign representative Devin Matthews, Sawant is calling for a $15.00 dollar minimum wage.
A recent economic survey showed it costs over $52,000 for a one parent and one child family to live a modest lifestyle in Seattle. Would raising the minimum wage to $15.00 an hour bring more people closer to earning a living wage? Or would a $15.00 minimum wage just discourage employers from hiring? Ross Reynolds talks to Felix Salmon, financial reporter for Reuters, about the case for each side, and callers share their opinions on if we should raise the minimum wage.
David Rakoff's new book comes out this week. It's a novel written in rhyming couplets. In the book, the main character is dying of AIDS. Rakoff wrote it as he himself was dying of cancer. This American Life's Ira Glass was Rakoff's friend. The two spent some of Rakoff's final days together recording the audiobook version of the novel. In the excerpts Ira plays us today, Rakoff's voice is frail. But his words still convey inexhaustible power.
What Families Need to Get By in Seattle A new study by the Economic Policy Institute says that a family of four in Seattle needs at least $70,000 a year to maintain what they call a “modest lifestyle.” What does that look like? We talk with John Burbank of the Economic Opportunity Institute.
The Staying Power Of LEGO Those colorful little plastic LEGO bricks were first invented in 1958. Fifty-five years later, LEGO is still profitable and growing. But 10 years ago, the company nearly went bankrupt. What turned LEGO around? What can businesses learn from LEGO’s example? We talk with David C. Robertson, author of “Brick by Brick: How Lego Rewrote the Rules of Innovation and Conquered the Global Toy Industry.”
Greendays Gardening Our expert gardening panel knows flowers, native plants and vegetables. Have a question? They offer guidance for your garden every Tuesday. Email your question to Weekday.
Based on more than a decade of research on the impact of governmental policy decisions on health, the book "The Body Economic" shows how certain fiscal policies can be lethal. From HIV outbreaks to increases in heart attacks, the price of austerity can be calculated in human lives. But by mining data from the Great Depression to the present day, the authors also show how smart policy choices can boost economic growth without human costs.
Sanjay Basu, is a co-author of "The Body Economic," a practicing clinician, and an assistant professor of medicine and an epidemiologist at the Prevention Research Center of Stanford University. Basu talks to Ross Reynolds about how economic policy affects human health.
Matthew Yglesias is a business and economics correspondent for Slate Magazine. His latest book is called "The Rent is Too Damn High." He talked with David Hyde about the latest on the economy, politics and immigration.
As the quote by President Bill Clinton goes, one of the highest priorities on everyone's mind is the state of the economy. The International Monetary Fund released its most recent report on the state of the US economy this week. And the Fed says it will start rolling back its stimulus plan soon. So, what does this mean for US economic recovery? Felix Salmon is a financial reporter for Reuters. He explains the latest in economic news.
This Week In Olympia The legislative session is almost over but lots of issues remain unresolved. Education funding is still up in the air, so is an agreement on a balanced budget. Jerry Cornfield, reporter and political columnist for the Everett Herald is waiting for answers along with the rest of us.
David Stockman Takes The American Economy To The Woodshed In 1985, federal budget Director David Stockman was sharply rebuked by his boss, Ronald Reagan, for saying the president’s tax programs were trickle-down programs to help the rich. These days, author David Stockman is taking Ben Bernanke, Wall Street Banks and the Obama administration to the woodshed for printing money, running deficits and leaving the gold standard.
The Media’s Boston Bomber Frenzy CNN went on the air with misinformation about the imminent arrest of suspects in the Boston Marathon bombings. The front page of the New York Post identified the wrong men as suspects. Should audiences have any expectations for factual reporting during these fast moving stories?