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Economy

Protests Amid a Pandemic

For the fourth night in a row there were protests around the Country Club Plaza over the death of George Floyd in Minneapolis at the hands of the police last week. And for another night, police declared the protests an… more

Parson Cuts $209M From Budget Due to COVID

Missouri Gov. Mike Parson has cut $209 million from the state's budget due to concerns revenue challenges posed by COVID-19. The cuts included $123 million from K-12 public schools, which will mean a decrease of 40 percent in state funding… more

KC Teachers Worried About Returning to Classrooms

Teachers in Kansas City are reportedly worried about going to classes, due to concerns about COVID-19. Kansas City Public Schools teachers seek a new plan from administrators to reopen and how they will feel safe. Read more at KCTV. more

Q&A With … Clyde McQueen, Full Employment Council

Clyde McQueen is the chief executive officer for the Full Employment Council in Kansas City, which provides job-training services and programs to connect skilled workers with employers. Q. The employment world has changed a great deal since we last spoke… more

Universities With Major Endowments Face Layoffs, Too

There are several universities with major endowment funds are facing budget cuts, along with public universities. For example, Stanford University, in California, which has an endowment of $27 billion, is considering those measures. The same could be the case for… more

K-12 Schools Facing Major Shortfalls

Since most states are facing budget shortfalls, the same goes for their K-12 schools.  Both Kansas and Missouri have announced revenue shortfalls and are on a list of states that could see budget cuts to public school systems. “If you… more

McConnell: New Stimulus Bill Would be Last

Congress will reportedly consider a new stimulus bill within the next month, and Senate Majority Leader Mitch McConnell reportedly said it would be the last stimulus for businesses due to COVID-19-related losses. The House has already passed a bill called… more

KU Athletics Sees More Pay Cuts

The University of Kansas Athletics department is seeing more extensive pay cuts, following men’s basketball coach Bill Self, football coach Les Miles, and athletic director Jeff Long taking 10 percent reductions in salary. Now, employees earning more than $300,000 a… more

Boeing Laying Off Close to 7,000

Boeing is laying off 6,770 employees, which will reportedly reduce the aircraft manufacturers' headcount by 10 percent. “Following the reduction-in-force announcement we made last month, we have concluded our voluntary layoff (VLO) program,” CEO Dave Calhoun said in a memo… more

About 31 Percent of Small Businesses Closed

About 31 percent of small businesses have closed during the pandemic, and only 45 percent will hire back their workers, according to a Facebook survey. But more than half of those companies are encouraged by the reopening of the economy… more