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Steelmaker Nucor to build $2.7B plant in Mason County, W. Va.
By: Associated Press
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CHARLESTON, W.Va. (AP) — A North Carolina steelmaker will build a $2.7 billion mill in Mason County, West Virginia, creating an estimated 800 manufacturing jobs. Gov. Jim Justice calls the location of Nucor Corp.’s plant in Mason County the largest investment in the state’s history. Lawmakers completed legislation at Justice’s request Tuesday to offer the… Read More
Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades
By: Scott Horsley | NPR
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Updated December 10, 2021 at 9:09 AM ET WASHINGTON, D.C. (NPR) — If you think your grocery bill has gone through the roof this year, you can appreciate what’s happened to Cameron Mitchell. Mitchell’s shopping for about 60 restaurants he runs in cities across the country — from high-end steakhouses to Molly Woo’s Asian Bistro… Read More
How inflation, climate change and energy costs are pushing up food prices
By: PBS Newshour
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WASHINGTON, D.C. (NewsHour) — In the US, inflation is now above six percent, and globally, food prices are at their highest since 2011. Climate change, energy demands and inflation are causing shortages and driving up costs in some of the poorest nations. Wall Street Journal reporter Samantha Pearson joins NewsHour’s Hari Sreenivasan from Sao Paulo,… Read More
Ohio holiday shoppers are expected to spend more on stuff this year than in 2020
By: Karen Kasler | Statehouse News Bureau
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COLUMBUS, Ohio (Statehouse News Bureau) — Ohioans are expected to spend more than $31 billion this holiday season, up 7.3% from last year. That forecast comes from researchers hired by the Ohio Council of Retail Merchants. “The Economics Center is forecasting a 7.3% increase in Ohio relevant retail spending during the 2021 holiday season compared… Read More
The White House is tapping oil reserves to try to bring down high gas prices
By: Tamara Keith | NPR
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Updated November 23, 2021 at 3:35 PM ET WASHINGTON, D.C. (NPR) — The United States plans to draw 50 million barrels of oil from its emergency oil reserves in coming months, a widely anticipated step aimed at trying to take the edge off high gas prices that have been hurting consumers at the pump —… Read More
Expect to pay more this year to stage your Thanksgiving feast
By: Deepa Shivaram | NPR
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WASHINGTON, D.C. (NPR) — Get ready to add another stressor to your Thanksgiving holiday this year. The Farm Bureau reports that the cost of a Thanksgiving dinner for 10 people is up 14% over last year, averaging at $53.31. The Farm Bureau’s calculations include turkey, stuffing mix, sweet potatoes, rolls with butter, peas, cranberries, a… Read More
The pandemic economy’s latest victim? The lowly shipping container
By: Jackie Northam | NPR
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WASHINGTON, D.C. (NPR) — Ah, the unassuming shipping container. It’s really nothing more than a big steel box with a couple of doors. At any given time, millions of containers are piled on ships plying the world’s waterways. Battered by weather and waves, they are packed with just about anything you can imagine — exotic… Read More
What would Ohio get out of the Build Back Better Act?
By: Jo Ingles | Statehouse News Bureau
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COLUMBUS, Ohio (Statehouse News Bureau) — With the $1.2 trillion infrastructure bill passing a few days ago, backers of President Biden’s Build Back Better ACT have hit the ground to promote the $1.75 trillion element of the Democrats’ economic agenda. And they say it has a lot that can help Ohioans. While the infrastructure bill… Read More
In elk, a Kentucky professor sees an opportunity to help revitalize Appalachia
By: Liam Niemeyer | Ohio Valley ReSource
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Ohio Valley ReSource · In Elk, A Kentucky Professor Sees An Opportunity To Help Revitalize Appalachia MURRAY, Ky. (OVR) — Howard Whiteman is inching along in his black Toyota Prius, craning his neck to see what’s beyond the rolling grasslands into the nearby woods. He wishes he brought binoculars. He’s slowly making his way around… Read More
An Expert Says Government, Private Sector Cooperation Is Necessary To Clear Supply Bottleneck
By: PBS Newshour
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WASHINGTON, D.C. (NewsHour) — Judy Woodruff looks at the limits of what President Joe Biden can do about the supply and delivery issues facing the United States, and other problems affecting the economy simultaneously, with David Lynch of The Washington Post.
United Against Higher Spending, Centrist Democrats Don’t Agree On What To Cut Or Keep
By: Deirdre Walsh | NPR
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WASHINGTON, D.C. (NPR) — Democratic leaders on Capitol Hill have set the end of October as the time frame to nail down an agreement on a scaled-back version of President Biden’s Build Back Better Agenda. After initially setting the price tag at $3.5 trillion over 10 years to enact sweeping health care, climate, education and… Read More
Why Rent Help From Congress Has Been So Slow Getting To People Who Need It
By: Chris Arnold | Kenny Malone | NPR
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COLUMBIA, S.C. (NPR) — Akira Johnson lives in Columbia, S.C., with her three kids. She tries to make the place joyful for them with flowers and pillows that say things like “happy” and “sunshine.” She has decorated one wall with the logo of her small business: an eye with amazing eyelashes. “I’m a licensed cosmetologist,”… Read More
U.S. Job Openings Remain At A Historic High, Giving Job Seekers Options
By: Andrea Hsu | NPR
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The number of job openings in the U.S. topped 9 million in May, according to Labor Department. The number of people quitting their jobs eased slightly from April but remains high.
Biden Proposes A Huge Hike In Government Spending In A $6 Trillion Budget
By: Asma Khalid | NPR
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The president’s budget details his ambitious (and costly) plans to invest in infrastructure and the social safety net — the likes of which the country hasn’t seen in decades.
No, You Are Not Imagining It. Prices For A Lot Of Things Did Jump In April
By: David Gura | NPR
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Prices for a range of goods from used cars to bacon surged last month, pushing consumer inflation to 4.2% in April, the highest since September 2008.
Plenty Of Jobs But Few Applicants As Business Picks Up
By: David Forster
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WOUB Digital · Plenty Of Jobs But Few Applicants As Business Picks Up ATHENS, Ohio (WOUB) — Art Oestrike, who owns the Jackie O’s brewpub and taproom in Athens, is facing an unusual problem. With pandemic restrictions easing, business is picking up. But he can’t find enough employees to meet the demand. “I want to… Read More
Spring Letdown: Hiring Slows In April, Raising New Challenges For Economy
By: Scott Horsley | NPR
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U.S. employers added 266,000 jobs last month, far fewer than analysts had expected. The unemployment rate rose to 6.1%.
White House Proposes $1.8 Trillion Plan For Children And Families
By: Alana Wise | NPR
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The American Families Plan would expand free public education and make child care more affordable. The White House wants to pay for the measure by raising taxes on the country’s richest.
A Sign Of Hope After ‘Winter Hibernation’: Employers Add 379,000 Jobs
By: Scott Horsley | NPR
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Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.
Fed Chair Jerome Powell Warns Of Long Road Ahead To Recover Millions Of Lost Jobs
By: Scott Horsley | NPR
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Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.
Ohio Valley Economists Weigh In On Biden’s Recovery Plan
By: Alana Watson | Ohio Valley ReSource
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BOWLING GREEN, Ky. (OVR) — The COVID-19 pandemic is continuing to cripple the economy in the Ohio Valley and President Joe Biden and Congressional Democrats are pursuing his plan for economic recovery. Biden’s economic priorities include raising the minimum wage to $15 an hour, forgiving student loan debt, and undoing some Trump-era tax cuts. But Biden’s… Read More
Ohio Valley Natural Gas Counties Get Small Piece Of National Economic Pie
By: Alana Watson | Ohio Valley ReSource
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BOWLING GREEN, Ky. (OVR) — An analysis of natural gas production in the Ohio Valley finds that the biggest gas producing counties in the region suffered economically over the past decade compared to the rest of the country, although natural gas production was high. The report released Wednesday by the Ohio River Valley Institute, a nonprofit… Read More
10 Senate Republicans Outline $600B Counteroffer To Biden’s COVID-19 Relief Bill
By: Barbara Sprunt | NPR
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The senators are asking to work with President Biden on a coronavirus relief package that they believe could be approved “quickly by Congress with bipartisan support.”
U.S. Economy Slows Sharply As Pandemic Resurges
By: Scott Horsley | NPR
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The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a surge in coronavirus infections weighed on in-person businesses like restaurants.
COVID Relief Is Coming To The Ohio Valley. But As Hunger Persists, Did It Arrive Too Late?
By: Liam Niemeyer | Ohio Valley ReSource
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(Ohio Valley ReSource)– He asked her if she was cold. A wind whips around the park in western Kentucky a couple days before Christmas. He puts his arm around her as they move closer together on the bench. Blake Livesay, 27, met Laura Brooke, 31, online earlier in 2020, and they’ve been inseparable since. She… Read More
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