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.
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.
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.
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.
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.