Morning Macro With Joe Santos

22 hours ago

In The Moment ... January 27, 2020 Show 741 Hour 1

The American economy is still in its expansion phase, even though that expansion is relatively weak. But does the U.S. have a capital formation problem?

Joe Santos is a professor of economics and Dykhouse Scholar of Money, Banking, and Regulation in the Ness School of Management and Economics at SDSU. You can find his Morning Macro blog online at Schooleddotblog.com. He joins us for a look at the macroeconomy and how it impacts you. 

South Dakota Game, Fish, and Parks Website

Palisades State Park is under renovation for the next five years to make way for more camping space, a new welcome center, and a new entrance on the west side of the park.

The area will more than double with the addition of 250 acres of donated land.

Travis Theilan is with the South Dakota Game, Fish, and Parks. He says the renovations are needed for a more informative and inviting atmosphere.

Lee Strubinger / SDPB

Regional Health in Rapid City is announcing a multi-year renovation and expansion project.
The main hospital campus is slated to expand by about 250-thousand square feet.

Regional Health officials are calling the plans the most significant renovation and expansion project in its history.

Mammoth Site Plans Research Expansion

Mar 31, 2016
By Lencer - own work, used:Google Earth USA Calif

The Mammoth Site hosted a public forum earlier this month in which paleontologists offered an update on their recent work. SDPB’s Jim Kent attended the presentation and spoke with 2 scientists about their journeys to the Channel Islands and Siberia.

Anyone who’s visited the Mammoth Site knows this is the place to find out everything you wanted to know about mammoths – both woolly and columbian.

Regional Health CEO Backs Medicaid Expansion

Mar 29, 2016
Charles Michael Ray

The CEO of Regional Health, Brent Phillips, says the talk on Medicaid expansion in South Dakota has too often missed the point.  

Phillips says expanding Medicaid to thousands of uninsured residents will not only help Native people but also be a huge boost to the economy.  

Regional Health is among the largest employers in western South Dakota, and one of the largest health care providers in the state.

Brent Phillips, Regional Health CEO grew up on a Dairy Farm.

Statehouse Podcast: Medicaid Expansion Delay, Education, CAFO Zoning

Feb 29, 2016

The Statehouse Podcast for February 29th, 2016 includes coverage of a delay in possible Medicaid expansion, education issues, CAFO zoning changes, and a bill dealing with the sale of fetal body parts.

The Statehouse Podcast for February 22nd, 2016 includes coverage legislation dealing with education funding, Native history curriculum, derogatory mascots, and limitations on Medicaid expansion.

60% No On Proposed $180M Rapid City Civic Center Expansion

Mar 11, 2015

Rapid City residents voted down a proposed expansion of the local Civic Center in Tuesday’s election.

Roughly 60 percent of city voters opposed the $180-million expansion of the arena. 

Click play to hear the story below.

Voters To Decide Rapid's Civic Center Expansion Tuesday

Mar 9, 2015

On Tuesday voters in Rapid City go to the polls to make a $180-million dollar decision.
A municipal election is set to decide the proposed expansion of the Rapid City Civic Center arena.  If approved the renovations would amount to the largest single expenditure of city funds ever undertaken.    
Proponents say it’s an investment in the future that will pay itself back in increased sales tax revenue and visitor spending.  But opponents say the price tag is too high and the city needs to consider alternatives.

You can hear the story by clicking play below.

Rapid City Residents Push For Civic Center Vote

Dec 4, 2014

Rapid City residents may have a chance to vote on a proposed plan to expand the Rushmore Plaza Civic Center.  The City Council approved the $180-million expansion project this week.  

But now a number of residents on both sides of the issue want to bring the expansion proposal to a public vote.

SDPB’s Charles Michael Ray reports that those gathering petitions have  20 days to bring in over 2,000 signatures to bring a special eleciton.

Avera Queen of Peace Announces Major Expansion Project

Jun 20, 2014

Friday morning, Avera Queen of Peace CEO Tom Clark announced that 30 acres of lands have been purchased as part of a long-term development plan just off I-90. Ground breaking is planned for August 5th, and the first project will be a new office facility. Eventually, a new hospital will be added to the new acreage near Mitchell. Tom Clark joined the program to discuss the reasons behind the expansion and what patients can look forward to with the new facility.

Mammoth Site Plans Expansion

Apr 23, 2014
Courtesy of The Mammoth Site

The Mammoth Site is one of the premiere tourist attractions in Hot Springs, bringing in some 100,000 visitors each year. These numbers have more than outgrown the facilities available for those who flock to Southwestern South Dakota from around the world to learn about the state’s ancient history.

Plans are underway to construct a 5000-square foot facility to provide more educational space for paleontology enthusiasts and, hopefully, more tourism income to the Hot Springs community.

Bombers Vs Ranchers On The High Plains

Apr 1, 2014
Airman 1st Class Hrair H. Palyan / U.S. Air Force

A low flying B1-Bomber makes a whole bunch of noise.   This is one reason a number of landowners in Meade County are angry over a proposed expansion of training space for military aircraft stationed at Ellsworth Air Force Base.

The Department of Defense wants to increase the airspace it uses to train its B1 Bombers and other aircraft.  Ellsworth Officials say the move improves the military's effort to be ready for combat.

But some local residents say the loud airplanes hurt property values, scare livestock, and start fires.

Joint Committee Kills Medicaid Expansion

Mar 13, 2014

The State Joint Appropriations Committee killed a measure that expands Medicaid in South Dakota under the Affordable Care Act.

Those lawmakers backing the measure argue that the federal government is picking up much of the expense and that the extra health coverage will boost the state economy.

But opponents say they oppose the Affordable Care Act and the state should not take part in driving up the national debt. 

The issue of Medicaid expansion is one of the top issues for some state lawmakers. Republican leaders say it doesn’t make fiscal sense to expand the program in South Dakota, but some including the governor, say they could support some changes. Governor Dennis Daugaard is seeking federal approval for partial Medicaid expansion. Democratic State Representative Julie Bartling says South Dakota benefits from an expansion, and the move could improve women’s health.

Nate Wek / SDPB

Governor Dennis Daugaard is waiting on a response from US Secretary of Health and Human Services Kathleen Sebelius. He wants to see if South Dakota could be granted an option for partial Medicaid expansion. The last time Daugaard asked Secretary Sebelius about this, she told him no.

Medicaid Expansion Debate Set For Pierre

Jan 17, 2014

Lawmakers in Pierre are grappling with the idea of expanding Medicaid under the Affordable Care Act.
Those in favor of expansion say it would be foolish for South Dakota to turn down the federal government’s offer to give Health Coverage to about 48-thousand South Dakota residents who could otherwise not afford it.   
But as SDPB’s Charles Michael Ray reports opponents say they don’t trust the Federal Government’s ability to follow-through for the long term and don’t want South Dakota stuck with the bill.