Economy

via USTR.gov

Jon Bresler was an early supporter of the North American Free Trade Agreement. As owner of Suncook Woven Labels, a textile company whose customers included Ralph Lauren, The Gap and J.C. Penney, Bresler figured anything that would break down trade barriers between the United States, Mexico and Canada would be good for business.

Pigeonpie via Flickr Creative Commons

At the height of the recession, the Class of 2011 was taking PSATs and perusing college brochures. What is it like to make plans for your future in a country whose economic future is uncertain?

To find out, we talk to four former students of Pembroke Academy: Matthew Lindsay, junior at Rensselaer Polytechnic Institute; Sarah Kelley, junior at University of New Hampshire; Hannah David, junior at University of New Hampshire; and Kali Mara, senior at Plymouth State University

Sara Plourde / NHPR

New Hampshire women had plenty to celebrate a year ago, when voters elected a woman to the corner office in Concord and sent the nation’s first all-female congressional delegation to Washington.

But while the state’s political leadership basked in the media attention, most New Hampshire women continued to struggle with unequal treatment on the job.

Courtesy Addie Gann

On September 15th, 2008, the financial services firm Lehman Brothers filed for Chapter 11.  The subprime mortgage crisis had been percolating for months by then, as had a global economic decline – but the bankruptcy of the nation’s fourth largest investment bank panicked Wall Street, evaporating liquidity markets, sending the economy sharply downward, and sparking the worst global recession since World War II – a crisis from which the world’s economy is still recovering.

Courtesy Emily Wienberg

On September 15th, 2008, the financial services firm Lehman Brothers filed for Chapter 11.  The subprime mortgage crisis had been percolating for months by then, as had a global economic decline – but the bankruptcy of the nation’s fourth largest investment bank panicked Wall Street, evaporating liquidity markets, sending the economy sharply downward, and sparking the worst global recession since World War II – a crisis from which the world’s economy is still recovering.

As part of NHPR’s station-wide series “How We Work: Five Years Later,” Word of Mouth presents “The Class of 2008,” conversations with people who graduated from high school or college around the time of the global economic meltdown.

Courtesy Tim Mitsopoulos

On September 15th, 2008, the financial services firm Lehman Brothers filed for Chapter 11.  The subprime mortgage crisis had been percolating for months by then, as had a global economic decline – but the bankruptcy of the nation’s fourth largest investment bank panicked Wall Street, evaporating liquidity markets, sending the economy sharply downward, and sparking the worst global recession since World War II – a crisis from which the world’s economy is still recovering.

Economic forecasts for New Hampshire have repeatedly predicted slow but steady job growth, for the US as a whole and for New Hampshire. A report last week suggested that the state won’t reach its pre-recession job level until spring of 2014.

But the number of jobs isn’t the whole story of how we work in New Hampshire, five years after the start of the Great Recession. Many workers who want full-time jobs can only find part time employment.

via shanghaiscrap.com

Chances are you came in contact with something made from recycled material today. A can of soda…the carpeting in your office building, or the smart phone that’s an arms length or less away. . They’re part of a swirling cycle of good made from old items and fed back into the production of new stuff. And the more we buy…the more we need to recycle. But where does all of that recycled material ultimately end up? Adam Minter is Shanghai correspondent for Bloomberg World View and a frequent contributor to The Atlantic and other publications. He’s followed the trail of trash and found that most of it ends up in China and India. He’s author of Junkyard Planet: Travels in the Billion Dollar Trash Trade.

Courtesy Jessica O'Hare

On September 15th, 2008, the financial services firm Lehman Brothers filed for Chapter 11.  The subprime mortgage crisis had been percolating for months by then, as had a global economic decline – but the bankruptcy of the nation’s fourth largest investment bank panicked Wall Street, evaporating liquidity markets, sending the economy sharply downward, and sparking the worst global recession since World War II – a crisis from which the world’s economy is still recovering.

As part of NHPR’s station-wide series “How We Work: Five Years Later,” Word of Mouth presents “The Class of 2008,” conversations with people who graduated from high school or college around the time of the global economic meltdown.

SpeakerBoehner / Flickr Creative Commons

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.

Guest:

  • 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.
NHPR / Michael Brindley

With the government shutdown now in its second week, there’s growing bipartisan concern in New Hampshire about the impact on state tourism and the local economy.

But there’s a difference of opinion on who’s to blame in Washington.

With Columbus Day weekend approaching, nearly two dozen campgrounds on federal land in the White Mountain National Forest remain closed due to the shutdown.

State Representative Warren Groen of Rochester says the state’s tourists and business owners are paying the price.

purpleslog via Flickr Creative Commons

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 book The 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.

Nick McPhee via flickr Creative Commons

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.

Bryan Costin via flickr Creative Commons

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.

via Monadnock Lyceum

Judy Wicks will discuss her evolution as an entrepreneur and how she would not only change her neighborhood, but would also change her world – helping communities far and wide create local living economies that value people, nature and place more than money. Focusing on what it takes to marry social change and commerce, and doing business differently, Judy shows how entrepreneurs, as well as consumers, can follow both mind and heart, cultivate lasting relationships with each other and the planet, and build a new compassionate economy that will bring us greater security, as well as happiness

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.

Guests:

via monadnocklyceum.org

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.

What is the next system? It is not corporate capitalism, not state socialism, but something else— something entirely American, something building on our pragmatic American “can do” spirit that is also sophisticated about what it will ultimately take to alter our corporate dominated system over time.

dataflurry via flickr creative commons

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.  

Guests:

via indiebound.com

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.

Today four heads of Federal Reserve Banks gave public speeches about the economy – one of them was the president of the Federal Reserve Bank of Boston, Eric Rosengren.

In his speech at St. Anselm College, Rosengren said the Fed’s policies had boosted the economy, and he said he expected more slow job growth over the next few years.

Eric Rosengren talks with All Things Considered host Brady Carlson about the state of the US economy and our place in it.

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.

Guests

Unemployment In N.H. Ticks Up To 5.8%

Mar 5, 2013

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.

Guests:

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.

Guests

Dave Juvet - Senior Vice President at the New Hampshire Business and Industry Association

Jeff McLynch – Executive Director of the New Hampshire Fiscal Policy Institute

To raise or not to raise the minimum wage? 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.

GUESTS:

Dave Juvet - Senior Vice President at the New Hampshire Business and Industry Association

Yesterday, Governor Maggie Hassan presented her priorities for state spending. It was a long list that included more funding for mental health, higher education, state troopers and a new women’s prison.  On the funding side – Hassan proposed a higher tobacco tax and Casino Gambling. But not everyone agrees that the numbers add up.  We’ll look at the details and where the budget battles go from here.  

Guests

Map: Where N.H.'s Gun Manufacturers Are (And Aren't)

Feb 13, 2013
Amanda Loder / NHPR

Recently, NHPR examined the impact of the firearms industry on the state's economy.  Especially now, with gun sales at historic highs, this subset of New Hampshire's manufacturing industry is benefiting.  Looking at federal firearms manufacturing licenses, we've pinpointed where the state's firearms manufacturers are located.

N.H. Benefits From Firearms Boom

Feb 11, 2013
Amanda Loder / NHPR

As federal lawmakers grapple with tighter gun control laws, business is good for the firearms industry.Across the country, gun dealers can’t keep them on the shelves, and manufacturers can’t keep up with demand. But how do these trends affect New Hampshire's economy?


Author Molly Michelmore explores what she calls the fundamental paradox of American Politics:  We’re hostile toward taxes, but we also demand the privileges government offers from social security to local police protection.  Michelmore examines the history of this conundrum and finds these attitudes consistent from FDR’s New Deal to the Reagan Revolution.

Guest

United States Geological Survey via Wikimedia Commons

A recent report predicts slow growth in the new year for New Hampshire and New England. And, while the Granite State still ranks well on such measures as taxes and personal income,  there are some longer-term challenges that may threaten the so-called New Hampshire Advantage.  We’ll get the economic outlook for our state and our region.

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