Economy

NH News
5:15 pm
Wed November 2, 2011

Tobacco Sales Drag Oct. Revenues Down

Tax collections were off in the month of October by $4 million dollars. The drop in tobacco revenue makes up the majority of the shortfall.

The tobacco tax brought in $2.6 million less than expected in October.

That shortfall has prompted criticism of the GOP push to cut the tax by a dime back in June.

In a sharply worded press release about the overall budget House Democrats said it doesn’t make sense to “make college more expensive and cigarettes cheaper.”

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NH News
5:10 pm
Wed November 2, 2011

Congressman Bass: All Options On Table To Reduce Deficit

The congressional “super committee” is only tasked with cutting one point two trillion dollars from the federal debt. But Second District Republican Congressman Charlie Bass is asking the panel to cut even deeper, even if it taxes are thrown into the mix.

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NH News
1:49 pm
Tue November 1, 2011

Labor Tension Grows at Union Leader

Monday was the deadline for employees at the Union Leader to ratify a new 2-year contract. Company negotiators said failure to reach a new deal would result in layoffs and a 10% salary cut. Reporters, editors, advertising staff and others at the paper have unanimously rejected the new deal. Workers say this latest round of cutbacks threatens the paper’s standing.

Norm Welsh started working at the state’s largest newspaper back in the late 80’s.

He remembers those times fondly.

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North Country
5:30 pm
Thu October 27, 2011

Saying "No" To Northern Pass - And Hundreds of Thousands of Dollars

The Northern Pass electric project is searching for a new, less controversial path through the North Country.

But a small group of landowners is determined to block the utility’s plan even though it means giving up hundreds of thousands of dollars.

NHPR’s Chris Jensen reports.

Sound of piano music.

At 65 years of age Lynne Placey gives piano lessons.

She lives with a cat and a gray-muzzled dog in a small house in Stewartstown.

And she hopes she’s blocking the path of a corporate giant.

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NH News
5:45 pm
Wed October 26, 2011

Economy Stresses N.H. Food Safety Net

Dan Gorenstein NHPR

Around the country soup kitchens and food pantries are reporting a spike in demand. Here in New Hampshire, food bank officials say they can’t keep up with requests for help. The state’s food assistance safety net is showing signs of serious strain. 

Things started to change for Christopher Persall sometime this summer.

“It goes from you being able to eat meats, fruits and vegetables and dessert to now there are days where there are some vegetables and some breads.”

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NH News
12:00 am
Wed October 19, 2011

N.H. Gets High Marks

Wall St. is giving the Granite State a good bill of health. The nation’s leading rating agencies say New Hampshire is managing the recession well.

The state is set to sell $100 million dollars in bonds for a variety of capital projects, including improvements for community colleges and a new liquor store.

State Treasurer Kathy Provencher says during the economic downturn state bonds have fetched better interest rates than the state’s double AA credit.

That’s a credit to how the governor and lawmakers are managing the state’s finances.

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NH News
12:00 am
Tue October 18, 2011

Forecast Calls for Home Heating Oil Spike

The price of home heating oil is expected to hit an all-time high this winter. That’s unwelcome news from Maine to Maryland, where millions of people rely on the fuel to stay warm. The spike could make life difficult for heating oil suppliers and their low-income customers.

When the price of crude oil jumps the price of home heating oil pretty much follows.

In the last 12 months, the price of crude has shot up 40%.

What’s causing the spike?

Aaron Brady, an analyst for IHS Cambridge Energy Research Associates, says its emerging markets like India and China.

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NH News
12:00 am
Tue October 11, 2011

State Braces for Cut to Fuel Aid

It’s that time of year when people light fires in the morning, or see their tomatoes glazed in frost. It won’t be much longer before the real cold comes. Last year, some 45,000 families around New Hampshire received some help paying their heating bills. But this winter, all signs point to a cut in federal fuel assistance.

The math is pretty simple, says Mark Wolfe with the National Energy Assistance Directors’ Association.

“At this point both the House and Senate both call for a cut of about $1 billion dollars.”

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11 for '11
12:00 am
Fri April 29, 2011

11 for '11: Michael Klare and Extreme Energy

This month’s installment of our 11 for '11 series of big picture conversations on the issues of our times. Today, it’s energy, specifially oil. Oil is trading at 112-dollars a barrel, up from 86-dollars a year ago. Michael Klare says the era of easy oil is behind us. He’s made news for his concept of “extreme energy” – the pursuit of fossil fuels in increasingly difficult environments using expensive and sometimes dangerous methods.

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11 for '11
12:00 am
Wed April 27, 2011

Word of Mouth for April 27, 2011

mikebaird Flickr/Creative Commons

Today we have this month's 11 for '11 segment, focusing on how the increasingly dangerous pursuit of oil affects the market price. Plus, alcoholism in Russia, and a journalist shares stories from inside the Balkan Underground, a crafty, cynical, and fearless network that has heisted hundreds of millions of dollars worth of jewels in 26 countries.

11 for '11
12:00 am
Tue March 22, 2011

11 for '11: Tyler Cowen

A new book by George Mason University Economics Chair Tyler Cowen has inspired spirited debate among beltway and economics circles. Published only as an e-book, The Great Stagnation: How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better argues that America's economic growth plateaued in the 1970s. Median wages have stagnated since, he says, because we have eaten all the low hanging fruit that enabled innovation to flourish and average income to grow across the board.

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11 for '11
4:30 pm
Mon February 28, 2011

11 for '11: Raj Patel

In January, the global food price index rose for the seventh month in a row, reaching the higest level since record keeping began in 1990. Raj Patel is an activist and academic whose book, Stuffed and Starved, predicted the food crisis that caused riots on four continents back in 2008. More recently, his book, The Value of Nothing, argues that we as citizens should rethink our assumptions about rational markets and the very meaning of democracy.

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NH News
12:00 pm
Thu January 7, 2010

Mormons in New Hampshire Fall Back on the Church When Needed

During these tough economic times people often turn to churches, synagogues and other faith-based organizations for help. Maybe the church runs a shelter, maybe congregants cook food for a family, maybe the temple has a clothing drive.

But while communities of faith will do what they can to help their members and others in the community, few are as well-organized as the Mormon church.

NHPR Correspondent Sheryl Rich-Kern has the story.

Sound of door opening, Kirsta saying hello, hi, how are you, come on in, fade under

Krista’s apartment is a little cramped.

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