The governor’s speech was not well received in certain circles. Some democrats and economists say McDonnell should not claim credit for low unemployment or another budget surplus.
Under his leadership, the governor says Virginia has created more than 172,000 new jobs and the unemployment rate is just 5.5% -- the lowest in the Southeast. UVA economist Terry Rephan says Virginia does better than other states when it comes to employment, regardless of who is governor.
As the saying goes, it takes money to make money. But where does that leave the four billion people around the world who live below the poverty line?
A Virginia Tech Professor is tackling that problem from a new perspective.
Most people have heard the term ‘micro finance.’ Cooperatives lend small amounts of money to entrepreneurs and small businesses. The concept began in developing nations to help women start their own businesses. Experts say poor people who receive these loans repay them at the astounding rate 99.7%.
A food desert is a neighborhood with no supermarkets – a place where you can’t buy fresh fruits or vegetables. The small corner stores carry canned and dried food that keeps well on the shelf but is less nutritious than fresh produce, often high in fat and sugar.
For a city of its size, Richmond, Virginia is the worst food desert in the nation, but an effort is underway to fix that problem.
A renowned economist is relaxing her predictions somewhat about the effects of federal sequestration on Virginia and now sees a reason for some optimism. Chris Chmura says although the impact of the cuts will still hurt the Commonwealth more than most states, she expects there will be some modest job growth.