Economy and Economics

Budget Outlook
5:25 pm
Mon August 19, 2013

Commonwealth Ends Fiscal Year with Surplus

Governor McDonnell has announced a $585-million surplus for the state fiscal year that ended in June. 

The General Assembly’s money committees greeted him with warm applause before he outlined the condition of the Commonwealth’s budget outlook. 

The Governor shared the credit and thanked lawmakers of both parties for work that’s resulted in surpluses during a tough economy.

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America's Jobs
8:25 am
Thu August 15, 2013

Virginia Jobs and Taxes at the Center of Debate

Credit www.cnn.com

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.

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Hands-On Micro-Financing
4:00 am
Wed August 14, 2013

The Money Game

Assistant Professor Akshay Sharma, at center, works with women participating in a micro lending collective, which pays for basic entrepreneurial ventures.

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%.

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Straight from the Corner Store Garden
10:29 am
Mon August 12, 2013

Get Fresh!

Clay Street Market, Richmond VA
Credit Tricycle Gardens

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.

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Arts & Culture
4:00 am
Wed August 7, 2013

Trail of the Lonesome Pine

Jason Barnette

A novel set in southwestern Virginia was enormously popular when it came out – in 1908.  “Trail of the Lonesome Pine” is the story of a young engineer who goes to that mountain region to develop its underground resources.  He finds himself in the middle of a blood feud between two powerful local clans ---and falls deeply in love with one of their daughters.  

The novel, based on true events, has been made into a move three times. The 1936 version starred Henry Fonda and Fred McMurray.  

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