With a deadline looming for the US to hit its borrowing limit, and amid a lengthening partial federal shutdown, we’re looking at the latest efforts in Washington to resolve this, and also at the impact on our country and our state.
Matthew J. Slaughter is professor and associate dean at the Tuck School of Business at Dartmouth College. He is also currently an adjunct Senior Fellow at the Council on Foreign Relations and a member of the Congressional Budget Office's Panel of Economic Advisers.
In a down economy, most folks are happy to find a crumpled fiver in a jacket pocket, or fish out quarters to pay for parking. Not David Wolman. David is a contributing editor at Wired magazine, and author of the bookThe End of Money, for which he attempted to spend a year without touching or passing any paper money. We spoke David when the book was first released. It’s being released on paperback in October.
The Department of Labor reports that last year’s national wage rate crept up only 2%, confirming what many US workers can already tell you: wages have stagnated. Not so for one high-demand job: babysitters. Over the past 30 years, teenage babysitting rates have risen nine times faster than the rate of inflation – commanding an average of $10 per hour. Depending on location and a sitter’s skill set, parents can shell out as much as $17 an hour for a night out. Megan Woolhouse covers the economy for the Boston Globe’s business section. Her article on babysitters making bank alerted us to this one sector of high wage growth.
How much tip do you typically leave for your server when you dine out? Maybe 20% if the service is good? 18% if you can do the math? The New York Post reported last year that many diners in that city leave a 25% to even 30% gratuity to their bill. Tipping is meant to incentivize and reward exceptional service, but a new movement proposes that the quest for the mighty tip is at the root of some problems in the restaurant industry. Bruce McAdams is a seasoned restauranteur and professor leading the Sustainable Restaurant Project at the University of Guelph in Ontario, Canada…he gave a Ted-X talk last year on the problems with restaurant tipping.
The New Hampshire economy still is a good-news-bad-news scenario, athough a lot more good lately. Unemployment ticked down in July, to five point-one-percent. Foreclosures ticked down as well, while home sales are roaring. But in the business world, a recent national study finds New Hampshire lagging in new business start ups, and construction is still sluggish. We’ll look at the economy from all sides and what the future may hold.
Gar Alperovitz calls for an evolution, not a revolution, into a new system that would democratize the ownership of wealth, strengthen communities in diverse ways, and be governed by policies and institutions sophisticated enough to manage a large-scale, powerful economy.
As the national economic mood picks up will New Hampshire join the party? U.S. unemployment is tracking downward, the stock market is going up, and housing trends look strong in many parts of the country. Meanwhile, here in the Granite State, the recovery’s been steady but lackluster. We’ll look at where the economic promise and perils may be found, moving forward.
Large-scale acquisition in developing countries to secure food, natural resources and even altruistic motives is nothing new, but it’s grown exponentially in recent years. Recent estimates of how much land has been snapped up run from 120 to 560 million acres.
A new report from the NH Center for Public Policy Studies shows that one of the biggest challenges facing cities and towns in the Granite State is reductions in state aid, while the demand for public services remains high. This is even more amplified during our town meeting season as residents sort out what they can truly afford. But some lawmakers argue that local control means local responsibility for funding these services. We'll explore the arguments around this debate.
The unemployment rate in New Hampshire rose a tenth of a point to 5.8% in January. More than 43,000 Granite Staters remain out of work.
But Annette Nielsen, an economist with NH Employment Security, says the trend for the state is heading in the right direction.
Nielsen: “The economy is growing...we are adding jobs, so people are not discouraged. They are actually encouraged by that activity so that they are joining in bigger numbers, and attempting to find employment.”
More than a year ago, Congress and the President agreed to these spending cuts, said to be so unpleasant they’d force leaders to craft a better deficit reduction plan. Now, with the cuts set to begin, some predict a major hit to our economy but others believe that fear is exaggerated. We’ll get the latest and reaction in the Granite State.
President Obama has called for an increase in the federal minimum wage, and several New Hampshire Lawmakers have proposed raising it in the state as well. Supporters say this could help lift many out of poverty. But opponents warn it could lead to a loss of jobs. We’ll examine these arguments and how the economy might be affected.
Dave Juvet - Senior Vice President at the New Hampshire Business and Industry Association