Knoxville fares better than most metropolitan areas nationwide in a new report by the Brookings Institution that examines how education effects unemployment.
Among the 100 largest metropolitan markets, Knoxville ranks 16th on the education gap index. (Ranking 1st indicates the top performing metro and 100th is the worst performer.)
“Narrowing the education gap is particularly important for improving the long-term health of metropolitan economies,” Jonathan Rothwell, senior research associate and report author, says in a news release. “Metro areas with wide education gaps have higher unemployment, but metro areas with narrow education gaps have lower unemployment, more job creation, and more job openings.”
The education gap index is calculated as “as the years of education required by the average job vacancy in a metropolitan area divided by the years of education attained by the average working-age person in that metropolitan area,” according to the report.
The Knoxville-based company said its Rig-35 had been approved for drilling by the Alaska Oil and Gas Conservation Commission.
The rig is in position over an existing oil well on the Osprey platform and work is underway to bring the well back into production. When production is restored to the first well, Miller plans to use Rig-35 to restore production at a second well on the Osprey platform.
“(B)ringing these two wells online will double its Alaska production,” the company said in a news release.
Dean Baker, co-founder of the Center for Economic and Policy Research, says Romney economic advisers Kevin Hassett and Glenn Hubbard got it all wrong in a Washington Post opinion piece published Wednesday.
Lowering marginal tax rates, as Hassett and Hubbard suggest, would do nothing to boost the economy, Baker writes in a commentary on econobytes.
“In short, it is difficult to see how the tax policy being promoted by Governor Romney will have much of a positive impact on investment and growth, especially if it is accompanied by further cutbacks in government spending. While the Obama administration’s stimulus policy was clearly inadequate to make up for the shortfall in demand created by the collapse of the housing bubble, Governor Romney’s plan is not likely to do any better,” Baker says.
No surprise that the founder of a progressive think tank would differ from the Romney camp. Nonetheless, Baker offers an interesting counterpoint to the Hassett-Hubbard suggestion that lower marginal tax rates are need to boost business investment.
With its stock price rising and earnings soaring, Scripps Networks Interactive Inc. may be a takeover target, according to online reports.
The Knoxville-based company’s stock price pushed to a new 52-week high on Monday, hitting a peak of $61.17. The company’s stock started the year around $43. That kind of gain coupled with second quarter earnings of $142 million, or 93 cents per share, are reasons takeover talk is bubbling this week.
Citigroup analysts say Disney may have its eye on the lifestyle media company and its audience, according to TheStreet, a digital financial media company.