More than three years after the recession was officially called “over”,the U.S. is still seeing sluggish growth in housing, business investment, and most importantly, employment. We’ll ask why the economy seems so hesitant to take off including how much global woes and domestic political uncertainty are playing a role.
A group of arts and media business owners have formed a coalition hoping to encourage film and TV production in the Granite State.
The New Hampshire Production Coalition is currently developing a legislative plan that would help New Hampshire compete with more film-friendly states like Massachusetts, Michigan, New Mexico, and Louisiana.
Tim Egan, of the National Academy of Arts and Sciences, is the coalition’s president.
“Film, television, digital design, video gamers… All the creative economy type industries don’t really have a trade association.”
Bleak. Troubled. Struggling. Take the phrase “North Country economy”, and you’ll almost inevitably hear one of those adjectives attached to it.
And to a certain extent, it’s true; the northern New Hampshire economy has had a difficult run since the bottom fell out of the mill economy. But can a handful of downbeat adjectives really characterize a whole region’s economy?
Eighty-one percent of Coos County’s 2009 high school graduates say they don’t see job opportunities for themselves at home. And, more than 60 percent say they see those opportunities getting scarcer. That's according to the most recent survey results from the Carsey Institute's 10-year Coos Youth Study, published this week.
Anyone who’s been in this state in late July has seen the traffic pattern – the long line of cars and trucks with boats or kayaks or bikes on the back, heading north on the highway to New Hampshire’s Lakes Region. Some folks are heading toward campgrounds or b&b’s; some others are heading toward their own vacation homes, which in the Lakes Region can be pretty substantial.
There have been two very distinct trends during the economic recovery: the first has been very slow growth in private sector hiring. The second has been a series of losses in public sector jobs, from state employees to firefighters to schoolteachers.
A new report by the New Hampshire Center for Public Policy Studies finds that CEO pay has risen by eighteen percent in recent years, a far greater increase than wages in the private sector. Critics say this seems out of line with the charitable mission of these hospitals. But others say these salaries are in keeping with a competitive job market and reward highly skilled leaders.
We learned recently that the cost of rental housing has been climbing in New Hampshire – a typical two bedroom apartment in the state now costs more than a thousand dollars a month. And in some parts of the Granite State, businesses are dealing with high rental costs as well.
With the focus on Europe’s economic woes and China’s clout, it’s easy to overlook that our nation’s largest geographic border, Canada, is also our largest trading partner. Although, it works well most of the time, there are some tensions, like over duty-free status, controversial energy projects, and imbalances in tourism traffic. We’ll look at how these issues affect the bottom dollar in both countries.