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Economy

Kansas City Star expects to lay off 150 employees

The cuts represent about 15 percent of The Star's work force and wages will be reduced for all workers.

Circuit City powers down after 60 years

Circuit City quits after 60 years of business. The company sold its $1.7 billion worth of inventory sooner than it thought it would after multiple going-out-of-business sales. Circuit City still owes nearly $625 million to creditors.

Columbia School Board to discuss budget cut details

The proposed reductions, totaling $4.4 million, will go before the board Monday. A board member says 71 positions would be eliminated, but most through attrition, not cutting jobs of current employees.

Columbia's churches give financial advice

These are bad times for the economy, so Columbians are turning to churches to get help managing their money.

Nation's new jobless claims decrease more than expected

Experts had projected a smaller drop of about 20,000 jobless claims from Feb. 14 to Feb. 21. Instead, 639,000 requests were filed for unemployment benefits for the week ending Feb. 21, down 31,000 from Feb. 14. However, Missouri had the nation's third highest increase in jobless claims for the week.

States budget deficits could continue past the recession

The stimulus package will help balance budgets in the short term but won't quickly solve unemployment, low consumer spending and the housing crisis.

Rally not enough to spur health care expansion

Gov. Nixon's plan to build on the state's health care program was rejected Wednesday by the House Budget Committee. A crowd had gathered outside the Capitol to support the health care expansion, and lawmakers debated whether the state has enough money for the project.

Historic warehouse sees new life

The Berry Building and the land it sits on are on the National Register of Historic Places. Last month, renovations began to transform the dilpidated building, which will contain a gym, 12 apartments and 10,000 square feet of street-level retail space.

Economy 101: Practical solutions

The Missourian begins a series of videos with experts who give practical advice on tackling today's troubling economy.

Upbeat Obama says U.S. will revive past 'reckoning'

President Barack Obama's first address to a joint session of Congress on Tuesday night included words of hope regarding issues such as education, the war budget, the economic crisis and other key national problems.

Text of President Barack Obama's speech

This is his address to the joint session of Congress as released from the press secretary of the White House.

Fact-checking President Barack Obama's speech

A closer look at some of the statements President Barack Obama made Tuesday night in his address to Congress.

Some colleges offering degrees in 3 years

The idea has never caught on in the U.S., but some colleges are taking it up as a way to help students cut costs.

Federal stimulus could expand rural broadband in Missouri

The stimulus includes $7.2 billion in competitive grants and loans for broadband expansion aimed at rural areas. About one-fifth of Missourians live where there is no high-speed Internet access.

Mayor Hindman goes to Washington

His visit brought him and 79 other mayors a chance to meet the president and vice president and an opportunity to learn how to apply for stimulus money for their cities.

Missouri State cuts tuition for unemployed state residents

Missouri State University is offering a new program this fall, renewable until 2011 that will offer state residents who have lost their jobs a reduction in tuition. The amount they will save varies between campuses.

Mayor Hindman meets with Obama, top advisers

Mayor Darwin Hindman is among an exclusive group of 80 U.S. mayors to meet with President Barack Obama and Vice President Joe Biden at the White House on Friday morning for the United States Conference of Mayors.

McCaskill defends federal stimulus plan

Sen. Claire McCaskill is saying the federal stimulus package will help Missouri's economy.

Business, property owners discuss proposed downtown special sales tax district

Downtown Columbia business and property owners met three separate times Wednesday to discuss whether to the replace the Downtown Special Business District with a Community Improvement District, or CID. The proposed CID would raise downtown sales tax by one half cent to provide funding for downtown improvements.

US peanut growers reeling from salmonella outbreak

The salmonella outbreak has wreaked predictions for a successful year for the U.S. peanut industry. "Public perception is killing us," said the executive director of the Texas peanut producers board.

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