Archive for the ‘In the News’ Category

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Delegation sends letter to President requesting more flood assistance in WV

/   Staff, WDTV

Senators Joe Manchin and Shelley Moore Capito, as well as Representatives David McKinley, Evan Jenkins, and Alex Mooney sent a letter to President Trump asking for more assistance to be granted for those affected by storms on July 28 and 29 in North Central West Virginia. In the letter to the president, the delegation mentioned a…

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The Real Story of Automation Beginning with One Simple Chart

/   Root, EPeak

More than 52 million Americans are now currently living in counties considered as being in economic distress. A report by the Economic Innovation Group (EIG), a bipartisan research and advocacy organization, discovered a close link between community size and prosperity, where counties with under 100,000 people are 11 times more likely to be distressed than…

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This is the new ‘giant sucking sound’ you hear. It’s changing the economy and disrupting politics

/   Ronald Brownstein, CNNpolitics

Other economic measures point toward the same concentration of opportunity. The non-partisan Economic Innovation Group, which studies economic trends, has calculated that before the 2008 recession, the number of new businesses created exceeded the number that failed in 80% of American metropolitan areas. Now 60% of metro areas experience more business closings than openings and…

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The Finance 202: Trump wants a tax plan in a hurry

/   Tory Newmyer, The Washington Post

So rather than attempting to seed clusters, governments could instead focus on spreading know-how in order to increase the attractiveness of laggard regions to productive firms. Improving the investment climate in struggling areas could help. In 2015 the Economic Innovation Group, an American think-tank, published a report by two economists—Jared Bernstein, a Democrat, and Kevin…

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Venture capital for the left behind: How to use private money to boost economic growth in distressed areas

/   Jim Pethokoukis, AEIdeas

I’m always on the lookout for ideas that can get broad bipartisan support and, you know, address actual problems. So thanks to The Economist’s Ryan Avent for a great piece on what to do for those left behind by globalization. Read the whole thing, but let me highlight this bit: So rather than attempting to…

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