Economy
Jefferson County Votes to File for Bankruptcy
Jefferson County Commissioner voted this afternoon to file bankruptcy. The estimated $4.1 billion filing will be the largest municipal bankruptcy in U.S. history.
Max’s Delicatessen & the Immigration Law
Alabama's new immigration law has been in the news a lot lately. There've been stories about police setting up road blocks outside immigrant neighborhoods and how schools are losing students. But this month one businessman has found himself at the center of the controversy - in a spotlight he never anticipated - or wanted. WBHM's Tanya Ott reports.
Gulf Economy Rebounds
Quarterly revenue reports show spending along the Alabama Gulf Coast is up significantly over previous record years. Although the BP oil spill is not forgotten, tourists are back.That's good news for the coastal businesses, but state officials note this doesn't mean BP is off the hook.
Alabama and the Oil Spill: The Domino Effect
It's been more than a year since the Deepwater Horizon oil spill, and still, businesses across Alabama's Gulf Coast are struggling to rebound. Sales are off for everyone from seafood processors to charter boat operators. And there's a domino effect that's sweeping up other, less obvious industries across the gulf and beyond.
The 2011 Tornadoes: Phil Campbell
People from around the world will converge on tiny Phil Campbell, Alabama, this weekend. And not just any anybody. People named Phil Campbell. They're coming to help rebuild after an April tornado flattened half of the town, killing 26 people. As WBHM's Andrew Yeager reports, it's a celebration that's taken on new meaning after the disaster.
Northern Beltline: Downtown Development
Birmingham's downtown has added many feathers to it cap in recent years. City officials point to last year's opening of Railroad Park, a growing restaurant scene, new office and hotel space in the works. It's a rebirth some critics of the northern beltline say could be muted by that bypass. This week we're taking a look at the proposed 52 mile highway planned for the northern half of Jefferson County. WBHM's Andrew Yeager examines what a new interstate bypass might mean for development in downtown Birmingham.
Northern Beltline: Overview
$90 million per mile. That's the latest price tag for the proposed Northern Beltline around Birmingham. Proponents say it will spur economic development in the northern part of the county. Opponents say it's a price tag they can't afford for a road they don't need. This week, WBHM examines the Northern Beltline proposal.
New Leadership at the BBA
Birmingham's regional economic development organization is under new leadership. The Birmingham Business Alliance hired Brian Hilson last month as its President and CEO. He comes from the Huntsville/Madison County Chamber of Commerce. He previously worked at the Birmingham Metropolitan Development Board. WBHM's Andrew Yeager spoke to Hilson.
Alabama and the Oil Spill: Marketing Seafood
It's been almost a year since millions of barrels of oil spilled into the Gulf of Mexico. If you're still a little leery about eating seafood from the gulf, you're not alone. One study found about 70% of consumers nationwide are concerned about seafood safety. Almost a quarter have reduced how much they eat. Alabama's seafood industry says the catch has been tested and is safe. But as WBHM's Andrew Yeager reports getting that message out isn't easy.
Impact Alabama’s Savings Contest
If you've ever bought a lottery ticket or played a slot machine, you probably know the thrill that comes with a chance to win a fortune. Of course, if you don't make the long odds, you're out some cash. But what if that same excitement could be turned into savings? One Alabama organization is using the current income tax season as a savings contest for low income residents. But as WBHM's Andrew Yeager reports it's an untested idea.
Stuff: One Man’s Stuff
All this week we've been looking at stuff by examining some of the things we keep and the stories contained in them. Of course many of us have no shortage of possessions. We store things in basements or attics. Even rent storage units because we've run out of room. But what if all you had was what you could carry around yourself? What would you keep? WBHM's Andrew Yeager continues our series "Stuff" with a look at the things one Birmingham homeless man hangs onto.
Stuff: Alabama’s Unclaimed Property
This week on WBHM, we're talking about stuff--how to manage it and what people do with it. One place to put valuable stuff is behind the steel doors of a bank vault, in a safe deposit box. But sometimes, people forget about those boxes, or they die before getting the valuables out of the bank. In Alabama, those items end up in the State Treasury's Unclaimed Property Division.
Stuff: Where Stuff Goes to Die
Think about all the stuff you have. Probably functional things like a car or cell phone. Also clothing, chairs or a kitchen table. There are sentimental items too, maybe a childhood toy or old pictures. For most of us, we have plenty of stuff. Those items contain stories and act as a mirror of sorts for our lives. And we'll explore some of that this week in our series "Stuff." We start with the end. WBHM's Andrew Yeager takes a look at where some of our stuff ends up when we're done with it.
Alabama and the Oil Spill: Gulf Real Estate Market
A survey of residents along Alabama's Gulf coast finds that, after the BP oil spill, many of them want to pick up and leave the area. But whether they can actually do that depends, in part, on the real estate market. And it's not good news.
Defense Spending Boosts Huntsville’s Economy
Many state and local governments are struggling to cut services as they try to head off billion dollar deficits. But new research suggests there may be truth in one old political standby.
Alabama and the Oil Spill: Bayou la Batre
It's hard to put a number on the economic losses the Gulf region has experienced since the B-P oil spill. But it's clear that communities along the coast are hurting. The tiny Alabama fishing town of Bayou la Batre was still recovering from hurricanes Katrina and Ivan when the oil spill sent it into another tailspin. For many residents there just isn't enough money for basics, even food.
Magic City Marketplace
The Birmingham marketplace is connected by people who have to grapple with numbers and projections and spin. We try and slice through the psychobabble that can be business news with our occasional segment featuring the editor of the Birmingham Business Journal.
Southwest, AirTran and Birmingham
AAA predicts more than 42 million Americans will hit the roads and take to the air this Thanksgiving, traditionally the busiest travel period of the year. At the Birmingham-Shuttlesworth International Airport, many of those holiday travelers will fly the airport's biggest carrier - Southwest Airlines. Southwest announced this fall it would buy rival AirTran for $1.4 billion dollars. But as WBHM's Andrew Yeager reports the deal may not be the best news for Birmingham.
Railroad Park Opens
New York has Central Park. There's Grant Park in Chicago. Atlanta has Centennial Olympic Park as well. They're parks sitting right in the middle of an urban landscape. And on Saturday Birmingham will have Railroad Park. The idea of a downtown park in Birmingham goes back decades. It took more than 10 years to build Railroad Park, which lays along the railroad tracks between UAB and downtown Birmingham. As officials open it tomorrow, they're hoping Birmingham's new "backyard" will bring not just people, but business too. WBHM's Andrew Yeager reports.
The Price of Poverty
What are the essentials of life? Food, water, and shelter. And to get those you have to have some kind of paying work or be enrolled in a government assistance program. But for the working poor (many of whom don't qualify for government assistance) even the basics can be too expensive. We'll explore this today (8/27) at noon on WBHM's On The Line: The Price of Poverty.
Price of Poverty: Time Banks
In times of economic instability many people turn to friends and family. But there's a new twist on that practice and it's called Time Banking. Members of time banks earn and spend "time" dollars by using their skills for other members.
Price of Poverty: Buy-a-Meter
When you brushed your teeth this morning or took a shower, did water come out of the faucet? You probably didn't give it a second thought. For some though, even here in Alabama, water is far from a guarantee. As we continue our series The Price of Poverty, WBHM's Andrew Yeager takes us to Hale County in the black belt, a place where seeing to it that everybody has clean, reliable water has been a bit like swimming upstream.
Increasing Exports
Last year, Alabama companies exported more than 12 billion dollars of goods and services to other countries. While that number might sound impressive, it's actually a 20 percent DECREASE from 2008.
Price of Poverty: Food Deserts
What are the essentials of life? Food, water, and shelter. And to get those you have to have some kind of paying work or be enrolled in a government assistance program. But for the working poor even the basics can be too expensive. They often cost more for working poor than for middle class people, as we'll explore this week in our series "The Price of Poverty". We start today with a report on food.
Hotel Tax Dispute
More travelers will hit the roads this holiday weekend. AAA expects fourth of July travel across the south to rise about 11% over last year. Many of those tourists will book hotel rooms. And that means hotel lodging taxes for local cities. But Birmingham doesn't think it's getting all it's due from online travel sites. So it's suing. WBHM's Andrew Yeager reports.
Alabama and the Oil Spill: One Family’s Story
The explosion of the Deepwater Horizon oil rig in the Gulf of Mexico is wreaking widespread environmental havoc. But there's a very personal chaos playing out in thousands of homes up and down the coastline. The oil spill has put many people out of work, and as WBHM's Tanya Ott reports many families are being forced to rethink their financial lives.
Alabama and the Oil Spill: Tourism Takes a Hit
Federal officials continue to monitor the oil spill in the Gulf of Mexico. The latest projections indicate that, at least for, now the oil seems to be moving away from the Alabama coast. But people who make their living off tourism in the Gulf Shores and Orange Beach areas say it might not matter if oil never hits the state. A lot of damage has already been done. WBHM's Tanya Ott reports.
Dr. Craig Witherspoon
Today is the first day on the job for Craig Witherspoon. He's the new superintendent of the Birmingham City Schools. Witherspoon takes the helm of a school corporation plagued with poor academic performance and declining enrollment. On top of that, the schools face significant budget cuts. Witherspoon tells WBHM's Andrew Yeager he'll address those issues first by listening and learning.
Magic City Marketplace
The Birmingham marketplace is connected by people who have to grapple with numbers and projections and spin. We try and slice through the psychobabble that can be business news with our occasional segment featuring the editor of the Birmingham Business Journal.
Mercedes Moves C-Class
Automakers across the globe are looking for ways to save money. Mercedes Benz thinks it's found a way. It will move some production of its popular C-class sedan from Germany to Vance, Alabama.
Birmingham’s Airport To Expand
Look closely at Birmingham's city seal, and you'll see an airplane, along with Vulcan and the downtown skyline. Birmingham-Shuttlesworth International Airport has been a part of the Magic City for nearly eight decades, but airport leaders say it's time to grow.
Silly Bandz
If you're the parent of an elementary school student around Birmingham, chances are you've seen silly bandz. Some call them animal bracelets. They're colored rubber bands which look pretty normal on your arm. But take them off and they snap into the shape of a creature or object. If you're not the parent of such a child, you may not realize the craze they've become. WBHM's Andrew Yeager takes a look at those riding out the fad.
