Along with revisions to economic growth, BEA also released corporate profit figures this morning. Profits were way up for banks and way down for everyone else, but this is just a blip in the long-term picture: I hadn't quite realized things were so stark. Nonfinancial corporations saw their profits skyrocket during the pandemic and then ...continue reading "Raw data: Corporate profits for banks and non-banks"
This morning the BEA announced that real GDP growth in Q1 was actually 1.3%, not 1.6%. This isn't great news, but it's only one quarter and probably isn't that meaningful. However, they also released GDI figures, and the mysterious gap between GDP and GDI has disappeared for the second quarter in a row. Both estimates ...continue reading "Economic growth was kind of sluggish in Q1"
By now it’s well known that workers in the construction industry have one of the highest suicide rates among occupational groups. The Centers for Disease Control and Prevention (CDC) reports that male construction workers had a suicide rate approximately four times higher than the national average. Contributing factors include work environment, mental health stigma, substance […]
Over half a year after the death of one Lake St. Louis man, his wife discovered that he had a mistress, but in an unusual way. Now, that woman is facing charges for attempting to pose as his wife.
World Wide Technology has announced its naming rights deal for WWT Raceway has been extended for five-years as the region gears up for the third NASCAR Series Enjoy Illinois 300 racing weekend which begins on Friday.
Denver Business Journal: While the backlog of construction projects has begun to ease, builders and contractors continue to expect the industry to grow over the next six months. Associated Builders and Contractors surveyed its members in late February/early March and reported a Construction Backlog Indicator of 8.1 months in February, a decrease of 1.1 months […]
From Area Development: Air Products, a global industrial gases company, plans to expand manufacturing and logistics operations in Maryland Heights, Missouri. The more than $70 million project is expected to create 30 jobs. The investment will allow the company to meet growing product demand in biogas and hydrogen recovery applications, in addition to customer needs […]
From First Alert 4: A city in north St. Louis County may be forced to pay nearly $2 million in damages for breaching a contract. In February, Hankins Construction filed a lawsuit against the City of Jennings for $1.7 million plus interest in damages over a canceled city hall center. According to emails obtained by […]
From St. Louis American: The Department of Housing and Urban Development is helping build HOPE throughout the St. Louis area. Housing Options Provided for the Elderly (HOPE) in University City, Mo., is a recipient of $123,264 as part of $11 million being granted by the U.S. Department of Housing and Urban Development’s (HUD) Office of […]
Donald Trump getting mad at an unflattering portrayal of himself in a movie isn’t that interesting. But how that anger may make people rethink laws against AI recreating real people and the Citizens United case, highlights how gut reactions to these laws may lead people astray. At Cannes Film Festival, journalist Gabriel Sherman’s independently produced […]
From St. Louis Post-Dispatch: On a recent warm day outside Second Missionary Baptist Church, churchgoer Will Ferguson wondered when St. Louis County would finally fix up Kinloch Park. St. Louis County officials promised the multimillion-dollar redo nearly two years ago. “I haven’t seen anything done,” said Ferguson, who has attended church in the historic Black […]
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