Economy

Big Money Firms Abandon States For Ones With More Favorable Terms

6:25am January 13, 2021

by Greg Allen

In an exodus spurred by the pandemic, some high profile hedge funds, venture capital firms and tech companies are leaving New York and California for low-tax states, Florida and Texas.

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Coronavirus Pandemic Changes Detroit's Water Shut-Off Policy

7:34am January 12, 2021

by Eli Newman

The $900 billion coronavirus package includes funding for low-income households in need of water assistance. The issue is big in Detroit, where water had been turned off if a customer hadn't paid.

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Babe Ruth, a pitcher for the Boston Red Sox, in 1918. That year, World War I and the Spanish flu pandemic slashed MLB game attendance by over half from what it was in the previous season.

What 1919 Teaches Us About Pent-Up Demand

6:31am January 12, 2021

by Greg Rosalsky

A hundred years ago, a world war and a pandemic wreaked havoc on baseball and other industries. But pent-up demand helped them come roaring back.

The drilling rig Polar Pioneer outfits for Arctic oil exploration in 2015. A proposed rule from the Trump administration would force banks to offer financing to oil companies, gun-makers and high-cost payday lenders, even if the banks don't want to.

Trump Regulator's Rule Would Force Banks To Lend To Gun-Makers And Oil Drillers

2:46pm January 11, 2021

by Chris Arnold

The Trump administration is trying to force banks to make loans to gun-makers and to finance payday lenders. Critics call the move bizarre. It's opposed by watchdog groups and banks.

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Economy

Report: Airports Contribute $61 Billion, 373,000 Jobs To N.C. Economy

10:32am January 11, 2021

by Neal Charnoff

A new study shows that North Carolina airports contribute $61 billion dollars annually to the state.

Site That Traffics In Misinformation Fills Void Left By Struggling Newspaper

7:30am January 11, 2021

by Leila Fadel

In Stockton, Calif., a controversial site is filling the gap as the local newspaper grapples to survive. Is this a microcosm of what happens to a democracy when local news dies?

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Biden Administration's Plans For Improving U.S. Economy

4:08pm January 08, 2021

NPR's Audie Cornish talks with Cecilia Rouse, President-elect Joe Biden's pick to head the Council of Economic Advisers, about the Biden administration's plans for boosting the U.S. economy.

Latest Relief Package May Not Save Some Small Businesses From Bankruptcy

4:08pm January 08, 2021

The latest pandemic relief package includes hundreds of billions of dollars in funding for small businesses. But for many companies, the money hasn't targeted one of their biggest overheads: rent.

With coronavirus cases surging in December, restaurants, movie theaters and other businesses that rely on in-person traffic struggled, weighing on the U.S. job market.

Pandemic Pricetag: U.S. Employers Cut 140,000 Jobs In December

12:22pm January 08, 2021

by Scott Horsley

The runaway pandemic put more pressure on the U.S. job market last month. Employers shed 140,000 jobs as the unemployment rate held steady at 6.7%.

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News Brief: 25th Amendment, Far-Right Extremists, Unemployment Data

5:42am January 08, 2021

Some lawmakers want Trump removed from office early. Federal prosecutors say they'll pursue those involved in the U.S. Capitol breach. The Labor Department releases a snapshot of the jobless rate.

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