Economy

Economy
3:25 am
Wed February 29, 2012

Record Low Interest Rates Raise Inflation Concerns

The Federal Reserve plans to keep short-term interest rates near zero until 2014, and some critics are concerned about the risk of inflation and the message it sends about the economy.
Karen Bleier AFP/Getty Images

The goal of the Federal Reserve's low interest rate policy is to juice the economic recovery. The low rates should make it easier for people to borrow money, which they'll hopefully spend; the increased demand for goods and services is then supposed to translate into more hiring.

That's what the Fed is banking on. It hopes low interest rates will help with its mandate of achieving maximum employment, but it also has another mandate: to keep prices stable.

"In many cases, those two conflict," says economist Joe Gagnon of the Peterson Institute for International Economics.

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Europe
12:01 am
Fri February 24, 2012

Portuguese Seeking Opportunities In Former Colonies

Protesters against government austerity measures march in front of the Finance Ministry in Lisbon, Portugal, earlier this month. The country's debt crisis has prompted Portuguese workers to look to their country's former colonies for jobs.
Patricia de Melo Moreira AFP/Getty Images

Portugal is burdened with such big debts that some are calling it "the next Greece." Unemployment is soaring, and the debt continues to rise, despite draconian austerity measures.

But Portugal has something Greece doesn't have: former colonies, rich in natural resources and in need of labor, both skilled and unskilled. And in a type of role reversal, some Portuguese are now traveling to those places in hopes of improving their lives.

Antonio Valerio, who is studying pharmaceutical science at a university, is among those who see no future in Portugal.

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Word of Mouth - Segment
11:01 am
Wed February 22, 2012

The Latest Mass Extinction…Money?

In a down economy, most folks are happy to find a crumpled five in a pair of old jeans, or turn in their saved quarters for a dinner out.  Not David Wolman David is a contributing editor at Wired Magazine, and author of the new book, The End of Money, which explores the notion that everyone might benefit from a cash-free world. 

 

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The Exchange
9:00 am
Tue February 21, 2012

America, Beyond Our Means

We talk to the author of a new book who says that Americans spend too much, save too little and borrow excessively and that we might look to countries in Europe and East Asia, where governments encourage thrift and saving rates are much higher.  We’ll examine the financial habits of people on three continents over two centuries and what we might learn from it. 

Guests

  • Sheldon Garon - Professor of History at Princeton University and author of “Beyond Our Means: Why America Spends While the World Saves”
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StateImpact
11:32 am
Tue February 14, 2012

How State Budget Cuts Affect Your Property Taxes

Originally published on Tue February 14, 2012 11:32 am

A new report finds that Granite State communities are leaning more and more heavily on property taxes. Examining data from 2007–2010, the New Hampshire Center for Public Policy Studies found:

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The Exchange
10:00 am
Mon February 13, 2012

A Wake-up Call For the American Dream

Many say upward mobility isn't what it used to be in America, especially for those at the bottom of the economic ladder, and that the U. S. has become a less mobile society than other advanced nations. Still, skeptics point out that the country has grown wealthier overall, leading to higher incomes for new generations, even if they don’t move up in the class system. 

Guests

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NH News
3:28 pm
Wed February 8, 2012

Report: End of Year Spike in Home Foreclosures

Flikr Creative Commons / Sean Dreilinger

A report shows that home foreclosures spiked at the end of last year, up 35% from November.

Jane Law of New Hampshire Housing Finance Authority says foreclosures have been declining since their peak in 2010, and December’s jump might be an anomaly.

Law says, "The biggest factor is just mortgage companies are kind of clearing out some inventory before the end of the year, which is the end of their tax year usually" 

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StateImpact
3:31 pm
Tue February 7, 2012

Tracing The Great Recession And Recovery Through Help Wanted Ads

Originally published on Tue February 7, 2012 3:31 pm

After years of speculation on a "jobless recovery," finally, things could be looking up–at least for the moment. This week, the Bureau of Labor statistics reported some serious gains on the national jobs front for January, with the creation of 243,000 jobs.

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StateImpact
2:59 pm
Thu February 2, 2012

How Dodd-Frank Regulations Affect You (Trust Us, They Will)

One of the key consequences of the economic collapse a few years ago was the passage of a massive piece of legislation called the "Dodd-Frank Act." The bill was co-sponsored by (now-retired) Democratic Senator Chris Dodd of Connecticut and (soon-to-be-retired) Democratic Massachusetts Representative Barney Frank.

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Business and Economy
5:54 pm
Tue January 24, 2012

Green Launching Pad Looks To Build More Jobs, More Quickly

Evan Bontemps of Newmarket sets up his portable stoplight, designed to manage traffic during power outages. Bontemps' company received aid from the Green Launching Pad program.
Brady Carlson, NHPR

Last week the Green Launching Pad made its latest round of grants to New Hampshire businesses. The idea is to provide support to companies that are or want to be eco-friendly, while also developing jobs.

The Two-Way
8:33 am
Tue January 24, 2012

Obama Adviser Plouffe: Expect A State Of The Union Heavy On The Economy

White House advisor David Plouffe.
AP

Originally published on Tue January 24, 2012 9:03 am

Tonight, President Obama is set to deliver the final state of the union address of his first term. Morning Edition's Renee Montagne spoke to White House Senior Adviser David Plouffe for a preview of the president's speech.

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StateImpact
5:08 pm
Mon January 23, 2012

Will Northern Pass Create Jobs? It Depends On Which Study You Believe

Originally published on Mon January 23, 2012 5:08 pm

One of the main questions that lingers over Northern Pass is: Will it create jobs, especially in the struggling North Country?

And, befitting the layers of controversy surrounding the project, the simplest answer won out.

It depends on who you ask.

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Business and Economy
4:51 pm
Wed January 18, 2012

3 Companies Selected for Stimulus-funded Green Launching Pad

Governor John Lynch announced Wednesday that three manufacturing companies will participate in the latest round of the Green Launching Pad.

The stimulus-funded Green Launching Pad is a partnership between UNH and the state designed to develop businesses, bring new products to market, and create jobs.

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The Exchange
9:00 am
Wed January 18, 2012

Raising Keynes

We explore the economic philosophy of John Maynard Keynes. His ideas of government spending “priming the pump” during bad times have  been applied by American leaders from FDR to Obama. But Keynsian  theory continue to spark fierce debate – some feel it’s still the best way out of a slump – but others believe this distorts the free-market and that these ideas have run their course.

Guests

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Around the Nation
8:44 am
Sat January 14, 2012

The Income Gap: Unfair, Or Are We Just Jealous?

Occupy Wall Street members stage a protest march near Wall Street in New York in October. Paul Taylor of the Pew Research Center says the movement has "crystallized" the idea of economic disparity.
Emmanuel Dunand AFP/Getty Images

Originally published on Sat January 14, 2012 9:56 pm

The widening gulf between the rich and everyone else is a growing source of tension in America.

A new survey from the Pew Research Center finds the income gap is now seen as a bigger source of conflict in the U.S. than race, age or national origin. That's why some believe the issue could matter in the presidential campaign, and others worry it could warp the national debate.

Two out of three Americans now perceive strong social conflicts over the income gap — up sharply from two years ago. Paul Taylor of the Pew Research Center has an idea what's behind the increase.

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