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Weekly Wrap Up

November 8, 2013

by Jeff Pinkerton

In case you missed any of these, here is a recap of some news highlights this week related to KC’s economy.

Week of Nov. 4

Scout Downtown

 

Monday

  • A good write-up about KC’s tech industry appeared in Huffington Post.
  • Four options for expansion of the streetcar system were proposed.
  • Hallmark announced  it may shed up to 250 jobs in Kansas City.

Tuesday

  • KCI shows an increase in passenger traffic in September, up 1.4 percent from one year earlier.
  • Jackson County voters rejected a sales tax for translational medical research.

Wednesday

  • The Dow Jones Industrial Average reached all-time high 15,724.
  • Harley Davidson announced that its Kansas City plant will build two new motorcycle models.
  • A new luxury hotel opens on the Plaza.

Thursday

  • U.S. GDP grew 2.8 percent in the third quarter.
  • The U.S. added 204,000 new jobs in October.
  • Speaking at KCADC luncheon, CNBC’s Ron Insana predicts the U.S. will be energy independent by 2020.  He also noted a manufacturing renaissance going on in the country and said that the Kansas City and U.S. economies are on the right path for future growth.

 

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