WAMU 88.5 : News

Filed Under:

Renowned Economist Says Sequester Will Be Lighter On Va. Economy Than Predicted

A renowned economist has relaxed her predictions of how much Virginia's economy will be affected by federal sequestration.

Chris Chmura, president of a quantitative research and economic development consulting firm based in Richmond, Va., said across-the-board spending cuts will hurt the commonwealth more than most states, but she still expects to see modest job growth.

Chmura said sequestration will affect the state's defense contracts more than the non-defense sector, and the Northern Virginia and Lynchburg areas could be most at risk. Hampton Roads also relies heavily on government contracts, but has decreased its dependence on them. 

Although it's not easy to transition from being a defense consultant, areas with a highly-educated workforce could rebound more easily from potential cuts, according to Chmura.

"In some of the alternative markets that we're seeing right now -- cyber security, unmanned vehicles, environmental issues -- are areas that I think the private sector is able to transition to, which really helps the Virginia economy overall," Chmura said.

A revival of Virginia's housing industry also will help, said Chmura. The finance sector's continuing recovery is particularly beneficial to the Richmond area. Chmura added that some skills of veterans and Department of Defense personnel could be re-purposed for IT or research jobs that are in high demand.


Christopher Marlowe Credited As Shakespeare's Co-Author On Henry VI Plays

True authorship of Shakespeare has been debated for centuries. Now, the New Oxford Shakespeare edition will list Elizabethan playwright Christopher Marlowe as co-author on the three Henry VI plays, part one, two and three. NPR's Robert Siegel talks with Florida State University professor Gary Taylor, one of the general editors of the new volume.

2,500 Years Ago, This Brew Was Buried With The Dead; A Brewery Has Revived It

In an ancient burial plot in what is now Germany, scientists uncovered a cauldron with remnants of an alcoholic beverage. They teamed up with a Milwaukee brewery to re-create the recipe.
WAMU 88.5

Do Hyper-Local Term Limits Work?

Montgomery County residents are voting this fall on term limits for their local council representatives. Are they picking up on lessons learned from Prince George's County?

WAMU 88.5

AT&T’s Proposed Acquisition Of Time Warner

AT&T’s bid to acquire Time Warner: Join us to talk about what the proposed merger of the country’s second-largest wireless carrier and a major content company could mean for consumers and the future of U-S media and telecommunications.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.