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.
With Congress in recess for the month President Obama is preparing to continue pressuring Republicans to work with him on job creation. Members of Virginia’s congressional delegation say that while his speeches rev up his base he still isn’t trying to work with the G-O-P.
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%.