economy http://apr.org en Study: Ag, Forestry Have $70 B Impact On Alabama http://apr.org/post/study-ag-forestry-have-70-b-impact-alabama <P>A new study of Alabama's agricultural and forestry industries says they contribute more than $70 billion annually to Alabama's economy and account for 22 percent of the state's workforce.</P> <P>The Alabama Agribusiness Council and other groups joined Gov. Tue, 12 Feb 2013 23:43:05 +0000 The Associated Press 24848 at http://apr.org Study: Ag, Forestry Have $70 B Impact On Alabama Offshore Jobs Play Role In Campaigns And Economy http://apr.org/post/offshore-jobs-play-role-campaigns-and-economy President Obama and Republican challenger Mitt Romney have been trading attacks over the issue of American jobs being moved overseas.<p>The president has pounded Romney for the investments made by his former firm Bain Capital in the 1990s. Not to be outdone, the Romney campaign has suggested most of the money from the president's stimulus program went to create jobs overseas.<p>Independent fact checkers have concluded the Romney charges are inaccurate and that Obama's claims about Romney are misleading. Tue, 24 Jul 2012 22:19:00 +0000 John Ydstie 15110 at http://apr.org Alabama Jobless Rate Up to 7.8 percent in June http://apr.org/post/alabama-jobless-rate-78-percent-june <p>MONTGOMERY, Ala. (AP) &mdash; Alabama&#39;s unemployment rate rose to 7.8 percent in June, an increase that state officials are calling seasonal.</p><p>The Alabama Department of Industrial Relations released the state&#39;s jobless rate on Friday. It was up four-tenths of a percent from May&#39;s unemployment rate of 7.4 percent, but it&#39;s still well below the jobless rate from a year ago.</p> Fri, 20 Jul 2012 20:43:11 +0000 Associated Press 14929 at http://apr.org Alabama Jobless Rate Up to 7.8 percent in June For Stockton, Calif., Bankruptcy 'Freezes Everything' http://apr.org/post/stockton-calif-bankruptcy-freezes-everything Many cities around the country are faced with growing costs and shrinking revenue. Despite making sweeping cuts, Stockton, California recently became the largest city to file for bankruptcy. Host Michel Martin talks with Stockton Mayor Ann Johnston about how she's managing a city that's operating in the red. Fri, 20 Jul 2012 16:20:00 +0000 National Public Radio 14912 at http://apr.org Six Policies Economists Love (And Politicians Hate) http://apr.org/post/six-policies-economists-love-and-politicians-hate Tuesday's show presented the common-sense, no-nonsense Planet Money economic plan — backed by economists of all stripes, but probably toxic to any candidate that might endorse it.<p>You can still <a href="http://www.npr.org/blogs/money/2012/07/18/156928675/episode-387-the-no-brainer-economic-platform" target="_blank">listen to the show</a>, but we've had some requests for a post with our six-step plan spelled out in brief.<p>So here they are, along with a few words about each of the economists who helped craft it:<p><p><h3>The proposals</h3><p><strong>One:</strong> Eliminate the mortgage tax d Thu, 19 Jul 2012 21:46:55 +0000 National Public Media 14866 at http://apr.org Six Policies Economists Love (And Politicians Hate) A First As A Public Company, Microsoft Reports Quarterly Loss http://apr.org/post/first-public-company-microsoft-reports-quarterly-loss Microsoft made a $6.2 billion accounting adjustment this quarter that threw it into negative territory for the first time as a public company, the AP reports.<p>Microsoft took the charge mostly based on the acquisition of aQuantive, an online advertising company Microsoft acquired in 2007.<p>As MSNBC reports, the "charge was an acknowledgement that the company's struggling online services division — which lost about half a billion dollars in the previous quarter — is a significant financial drag on the company." Microsoft, remember, is the owner of the search engine Bing.<p><a href="http://www Thu, 19 Jul 2012 21:37:31 +0000 National Public Media 14860 at http://apr.org A First As A Public Company, Microsoft Reports Quarterly Loss Wait, Investors Paid Germany To Hold Their Cash? http://apr.org/post/wait-investors-paid-germany-hold-their-cash On Wednesday, investors paid Germany to hold on to their money for a couple years.<p>That's right: Germany got to borrow more than 4 billion euros (about $5 billion), and instead of Germany paying interest to its lenders, the lenders are paying Germany. This a lot like Citibank paying you a smidgen to carry a balance on your credit card or to take out a loan (without also charging you interest).<p>Germany is just the latest country to get what's called a "negative yield" on its debt. Thu, 19 Jul 2012 13:59:41 +0000 editor 14827 at http://apr.org Wait, Investors Paid Germany To Hold Their Cash? Jobless Claims Rose By 34,000 Last Week http://apr.org/post/jobless-claims-rose-34000-last-week There was a 34,000-increase in the number of Americans filing first-time claims for jobless benefits last week, <a href="http://www.dol.gov/opa/media/press/eta/ui/current.htm" target="_blank">the Employment and Training Administration reports</a>.<p>It says 386,000 people filed claims, up from 352,000 the week before. Thu, 19 Jul 2012 12:48:00 +0000 Mark Memmott 14821 at http://apr.org How A Bloated Wall Street Can Hurt Growth http://apr.org/post/how-bloated-wall-street-can-hurt-growth We all know an out-of-control financial sector can cause acute and long-lasting problems, thanks to the recent financial crisis. Mon, 16 Jul 2012 15:20:06 +0000 Theo Francis 14660 at http://apr.org How A Bloated Wall Street Can Hurt Growth The Nation: A New Way To Get The Economy Moving http://apr.org/post/nation-new-way-get-economy-moving <em>William Greider is a national affairs correspondent for</em> The Nation.<p>Rome is burning while Congress fiddles. The president is out on the road trying to secure a second term, while the economy once again teeters on the brink of bad possibilities. The governors of the Federal Reserve Board seem to understand this better than most of Washington's power hitters. But what can the Fed do? The central bank has already dispensed trillions to the financial system and pulled interest rates down to rock-bottom levels. Yet the economy doesn't respond. Banks won't lend, businesses won't hire. Mon, 16 Jul 2012 13:51:00 +0000 editor 14655 at http://apr.org The Nation: A New Way To Get The Economy Moving Number of Alabamians on food stamps growing again http://apr.org/post/number-alabamians-food-stamps-growing-again <p><b><font face="Arial">Nearly one in five Alabama residents is getting food stamps, and the number is growing again after declining for a few months.</font></b></p><p><b><font face="Arial">The number of Alabamians on food stamps peaked at 916,000 in December and then began declining slightly each month. It reached a low of 902,000 people in April.</font></b></p><p><b><font face="Arial">Then, in May, the number rose to nearly 907,000 people on food stamps. That&#39;s the equivalent of 19 percent of Alabama&#39;s residents.</font></b></p> Mon, 09 Jul 2012 22:42:40 +0000 Associated Press 14301 at http://apr.org Number of Alabamians on food stamps growing again New Republic: The Exile Of John Maynard Keynes http://apr.org/post/new-republic-exile-john-maynard-keynes <em>Robert Skidelsky is John Maynard Keynes's biographer and a member of the British House of Lords.</em><p>The last four years have created what economists call a "natural experiment" in economic policy. As a consequence of deregulation and globalization, Britain and the United States experienced the financial crisis of 2008 in much the same way. Large parts of the banking system collapsed and had to be rescued; the real economy went into a nosedive and had to be stimulated. Mon, 09 Jul 2012 18:00:46 +0000 Robert SkidelskyNational Public Radio 14267 at http://apr.org New Republic: The Exile Of John Maynard Keynes What ever happened to the TED spread? http://apr.org/post/what-ever-happened-ted-spread Over the last week or so, we've been watching the scandal over manipulation of LIBOR, perhaps the single most important global interest rate: See <a href="http://www.npr.org/blogs/money/2012/07/06/156371620/rigging-libor-banking-scandal-hits-home-literally">Robert Smith's piece</a> on Morning Edition, and <a href="http://www.npr.org/blogs/money/2012/07/03/156222428/episode-384-the-little-lie-that-rocked-the-banks">Tuesday's podcast</a>. Mon, 09 Jul 2012 17:47:12 +0000 Theo Francis 14260 at http://apr.org What ever happened to the TED spread? Raising Minimum Wage: A Help Or Harm? http://apr.org/post/raising-minimum-wage-help-or-harm Back in 1912, Massachusetts became the first place in America to introduce a minimum wage, but it would take another quarter century before a national minimum wage was set.<p>President Franklin Roosevelt made it law in 1938, that any hourly worker had to be paid at least 25 cents an hour. It was revolutionary, and very few countries had anything like it.<p>Every few years, the federal minimum wage would go up, helping millions of Americans inch closer to a middle-class lifestyle. Sun, 08 Jul 2012 21:03:00 +0000 editor 14226 at http://apr.org Raising Minimum Wage: A Help Or Harm? How Unemployment Has Dragged On, In Three Charts http://apr.org/post/how-unemployment-has-dragged-three-charts Losing your job is rarely good. Not being able to find one for months can be disastrous for individuals, and bad for society as well. Yet during the recent recession and the current anemic recovery, more people in the U.S. have been unemployed for longer than at any time since 1948.<p>Of all Americans who were unemployed in June, almost half had been without a job for 27 weeks or longer. In other words, 5.4 million people have been jobless for more than half a year.<p>The government calls these the long-term unemployed. Fri, 06 Jul 2012 14:08:00 +0000 National Public Radio 14148 at http://apr.org How Unemployment Has Dragged On, In Three Charts