Wealth and Poverty

Economics & Economy
4:00 am
Wed May 29, 2013

Weldon Cooper Center Develops New Poverty Measure

Credit Weldon Cooper Center for Public Service

A 1960s era poverty measurement is being replaced by one that more accurately reflects Virginians’ living standards and spending patterns. 

If you were alive in the 1960s, you know a lot of things have changed since then.  But criteria used to determine poverty hasn’t.  Dustin Cable is a demographer with the University of Virginia.

“Food costs have declined as a percentage of family budgets and medical expenses have dramatically increased.”

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Economics & Economy
2:19 pm
Wed May 22, 2013

Consumer Sentiment Mixed Among Virginians

Credit Roanoke College

Roanoke College is out with a new poll detailing how Virginians view their financial situation and general business conditions now and in the future. 

It’s the second time this year the Institute for Policy and Opinion Research at Roanoke College conducted its consumer sentiment survey, and Senior Analyst Alice Kassens says there were some surprises.

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Alpha Natural Resources Annual Meeting
3:22 pm
Tue May 21, 2013

Coalfields Expressway

People who oppose the proposed “coal fields expressway” are staging a protest in Abingdon Virginia, where coal company, Alpha Natural Resources is holding its annual meeting Wednesday, May 22.

The protestors say they’ll call attention to the company’s role in what’s known as the Coalfields Expressway.  A proposed 50 mile road, supporters say will improve transportation in far southwest Virginia and help the local economy.

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Economics & Economy
3:45 pm
Mon May 20, 2013

Sequestration Cuts Affecting Some Meals on Wheels Programs

Credit Local Office on Aging, Roanoke

Sequestration cuts are starting to affect some Meals on Wheels programs throughout the Commonwealth. 

The Local Area on Aging in Roanoke is losing $96,000 from its Meals on Wheels program this federal fiscal year. 

That’s a fraction of the hundreds of thousands of dollars in losses the program is taking around the Commonwealth. 

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University of Virginia
12:37 pm
Fri April 19, 2013

Issues of Tuition & Living Wage Converge

Governor Bob McDonnell issued a letter earlier this month urging college presidents and boards to hold the line on in-state tuition.

The plea was repeated Thursday by the University of Virginia’s Rector Helen Dragas, but the board of visitors voted 14 to 2 to increase tuition and fees by 3.8%  or about $450 for in-staters and 4.8% -- just over $1,800 for students from other states. 

The board approved even bigger tuition and fee hikes for students in the law, business, engineering and medical schools.

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