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economy

Canada, Culture And Commerce

Jul 31, 2013
Flickr Photo/Kevin Dooley



Vancouver Sun columnist Vaughn Palmer brings us the latest news from Canada, Everett Herald film critic Robert Horton looks at how rain is used in film and Michael Parks measures the global economic outlook, prospects for job growth in Washington and the latest moves by Amazon and Microsoft.

The debt-laden city of Detroit has been an incubator for new strategies in urban revitalization, including a downtown People Mover, casinos, urban farms, artist colonies and large scale down-sizing.

In the wake of the city's bankruptcy, many in the community are thinking small.

Just outside of downtown Detroit is a neighborhood called Midtown. Like many hip, urban neighborhoods, it's got hipsters on fixed geared bikes, yoga studios, boutiques for dogs.

How Will The President's Economic Plan Play In Washington?

Jul 25, 2013

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.

Is Seattle Facing A Superyacht Crisis?

Jul 25, 2013
Flickr Photo/Cyr0z

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.

Flickr Photo/Rennett Stowe


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.

Seattleites Have An Easier Time On The Economic Ladder Than Others

Jul 23, 2013

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. 

Is The Minimum Wage Too Low?

Jul 18, 2013

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 book "Love, Dishonor, Marry, Die, Cherish, Perish: A Novel"

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.

Full list of stories from KUOW Presents, July 17:

David C. Robertson's book "Brick by Brick."

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.

How Austerity Kills

Jun 26, 2013
Sanjay Basu, co-author of "The Body Economic."

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.

The Canadian dollar -- affectionately known as the "loonie" -- is dropping in value. 

Nerding Out With Matthew Yglesias

Jun 24, 2013
Matthew Yglesias' book "The Rent is Too Damn High."

  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.

It’s The Economy, Stupid!

Jun 21, 2013

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.

Are The Rich Undeserving?

May 28, 2013
Leslie McCall's book "Undeserving Rich."

 Do Americans feel that the proper measures are in place to deal with economic inequality in the United States? Ross Reynolds sits down with author Leslie McCall for a conversation about economics in America and her new book, "The Undeserving Rich: American Beliefs About Inequality, Opportunity, And Redistribution."

Flickr Photo/bryce_edwards

Budget officials in the city of Seattle delivered some good news yesterday. For the first time since the financial crisis, the city is forecasting a budget surplus.

News From Olympia, David Stockman, Covering Breaking News

Apr 22, 2013
Washington State Capitol
Flickr Photo/Alan Cordova (CC-BY-NC-ND)

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? 

Rethinking The Idea Of Money

Apr 18, 2013

In the book "Rethinking Money," economist Bernard Lietaer and journalist Jacqui Dunne trace the beginnings of our monetary system, including its serious problems and hope for the future.

Canada, Culture And Commerce

Apr 17, 2013
Canadian flag
Flickr Photo/Arlo Bates

Vancouver Sun political correspondent Vaughn Palmer brings us the latest news from Canada. Film critic Robert Horton reviews what's happening on the silver screen. Then, Michael Parks wraps up the region's recent economic news.

Peter Blair Henry
Courtesy/NYU

A handful of third-world countries have turned themselves around from numerous hardships in the past 30 years: China rose from seemingly hopeless poverty, Mexico bounced back from the Third World Debt Crisis, Brazil overcame hyperinflation. 

It’s estimated that about 8.2 percent of US households don’t use bank accounts. Not only that — 20.1 percent of households are considered “underbanked,” meaning they use bank accounts but still opt for payday loans, check-cashing services and other alternatives. This is according to a recent survey by the Federal Deposit Insurance Corporation.

So why aren’t people using banks? Ross Reynolds talks to some of the un- and underbanked.

Canada, Culture And Commerce

Apr 3, 2013

Vancouver Sun political correspondent Vaughn Palmer brings us the latest news from Canada. Everett Herald film critic Robert Horton contemplates "Room 237," a look at the theories about the hidden meaning of Stanley Kubrick's "The Shining." Plus, Seattle Times columnist Jon Talton considers a Puget Sound economy without Boeing and the lessons of the canceled Lake Union Fourth of July fireworks.

KUOW Photo/Derek Wang

It’s 3:00 p.m. on a recent workday, and Buddy Yates sets off on the first leg of his long commute home. He and his guide dog, Palmer, step through the fast-food containers that litter the street on the way to Rainier Avenue South where he will catch his first bus.

The Creative Class: Dismissed?

Mar 25, 2013
Downtown Tacoma
Flickr Photo/Scott Hingst

More than a decade ago, Richard Florida’s best-selling book, “The Rise of the Creative Class,” was a cultural phenomenon. Florida argued that young, educated, single folks would reinvent American cities. Today, Florida's critics say the wealth of the creative class hasn't trickled down to the working class. What’s the evidence? Some places, like Tacoma, used Richard Florida’s ideas as a blueprint for reinventing their downtown areas. What was the outcome? We’ll explore these ideas with journalist and geographer Joel Kotkin and Tacoma arts administrator Amy McBride.

Flickr Photo/Chuck Taylor

Boeing has announced it will lay off 800 machinists in the Puget Sound area this year. The company says workforce needs on two of its newest jet programs have been reduced.

Is It Time To End Oil Subsidies?

Mar 21, 2013
Flickr Photo/Gage Skidmore

While policymakers debate the government’s budget, the Brookings Institute, a private nonprofit research organization, decided to host their own brainstorming session. They asked experts from all different fields to submit ideas for responsible deficit reduction.

One expert, Harvard professor Joseph Aldy, drafted a proposal eliminating oil and gas tax subsidies. A move Aldy estimates would save the US government $41 billion over 10 years.

BREWSTER, Wash. - There's one word that politicians almost always use when they talk about the U.S. immigration system. That word is “broken.” But what does that really mean? Residents of the small town of Brewster, Wash., know. For decades, immigrants have come from Mexico, often illegally, to work the surrounding apple and cherry orchards. Bewster, it turns out, is a microcosm of how the immigration debate is playing out.

The Power Of Emerging Economies

Mar 19, 2013
Freight shipment
Flickr Photo/Evan Leeson

In 2010, emerging economies accounted for almost 40 percent of the world's gross domestic product — twice as much as they did in 1990. Today, one in four Fortune 500 firms comes from emerging markets. How far can growth carry nations out of poverty and toward a strong economic foundation? We hear what the economic successes of developing countries can teach the developed world from Peter Blair Henry of NYU’s Stern School of Business.

Ask Americans to point out Cyprus, and most would have to spin a globe several times before noticing the small island nation, east of Greece and south of Turkey.

But whether or not you have ever given a thought to the 1.1 million people living there under the warm Mediterranean sun, Cyprus might send a chill up your spine this week.

Flickr Photo/Jiuck

You've heard the phrase, "It's not personal, it's business." But as people start to share everything from their bedroom to their dog it can, and often is both. So what is the sharing economy? A personal exchange of goods and services, sometimes for free, sometimes for money.

Think couch surfing, where homeowners allow people to sleep on their couch or in their spare bedroom for free. Or AirBnB where you can rent out your house or apartment. Or the Phinney Neighborhood Association's tool library that allows you to borrow tools without a fee. Or new services that allow you to rent out your car. There is even a co-op to share dogs. Ross Reynolds talks to listeners about their experiences, both good and bad, in this new sharing economy.

Flickr Photo/Ryan Sitzman

Vancouver Sun political correspondent Vaughn Palmer brings us the latest news from Canada. And it turns out Canada doesn’t want a coal port either. Then, film critic Robert Horton asks the question: What does it mean when something is “directed” in a movie? Also, Seattle Times economy columnist Jon Talton explores how the sequester cuts will affect our local economy.   

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