|
|
|
|
 Preshow Return to index of stories... |
Next on New Hampshire Outlook tonight. Would an income tax solve the education funding crisis? We'll talk to two legislators about their new plan. Plus New financial rules for the New Economy. A report reveals just who is fueling business growth around the state |
| Headlines Return to index of stories... |
Good Evening. I'm Allison McNair. Welcome to New Hampshire Outlook. We begin tonight with a summary of today's news. |
| Income Tax Return to index of stories... |
Another solution to the education funding crisis was presented at the statehouse this morning - this one includes an income tax as part of the plan to pay for New Hampshire schools. A group of lawmakers says that a three-point-three percent income tax, combined with a lower rate statewide property tax, would be the answer to the education funding problem now and in the future. We'll have details with two of the plans sponsors here on Outlook in just a few minutes. |
| Electric Dereg Return to index of stories... |
Concerns over the energy crisis in California have sparked a plan to delay electric deregulation in New Hampshire. Dover state representative Gary Gilmore says New Hampshire should delay any deregulation plan until it examines what's happening in California more closely. Gilmore says power shortages and blackouts could happen in New Hampshire too. |
| Smith Energy Return to index of stories... |
Some businesses that are being strapped by the high cost of energy bills may see some relief. Senator Bob Smith is co-sponsoring legislation to offer disaster loans for small businesses hit by heating fuel increases. The proposal would offer low-interest Small Business Administration Disaster loans to help ease the financial crunch. |
| Cellucci Return to index of stories... |
Big news for our neighbors to the south. Massachussetts Governor Paul Cellucci says, if confirmed by the Senate, he will "proudly" accept the Ambassador to Canada post. President Bush announced his intentions to nominate Cellucci to the post this morning. The president says Cellucci's appointment signifies the importance he places on the close relationship between the United States and Canada. |
| Donut Gate Return to index of stories... |
Donutgate - that's what a Manchester alderman has labeled the spending of thousands of dollars for coffee, donuts and lunches for city employees. Keith Hirschmann thinks it's a downright scandal that city departments have spent about 9 thousand dollars in 3 months for food and awards. Hirschmann says the city had to cut its public safety budget this year, and shouldn't be spending money on doughnuts. Mayor Bob Baines says the spending amounted to less than four dollars per employee. Baines points out that aldermen themselves enjoyed their share of the food, when the city bought refreshments for a meeting in November. |
| Intro Mt. Washington Return to index of stories... |
A warm up in some places today - maybe a hint of spring.well maybe we're reaching a bit.in any case, some precipitation is headed our way and to get details we checked in at the Mount Washington Observatory a few minutes ago. Brian Post had the forecast and details on conditions on top of the mountain. OUT: |
| Intro Income Tax Return to index of stories... |
As we mentioned a few minutes ago, a bipartisan group of legislators today unveiled their solution for the education funding crisis. The plan combines an income tax with a lower statewide property tax. It would impose a 3.3% tax on personal income but contains exemptions of $11,000 per taxpayer plus $3000 per dependent. Single parents would get an additional $3000 exemption. A family of four earning $28,000 or less would pay no tax. The statewide property tax would be cut from $6.60 to $4.75 per $1000 of value. Homeowners are exempt up to $250,000 in value. Renters would receive a further income tax credit. Two of the plan's sponsors joined me in studio earlier this evening. Two of the plan's sponsors joined me in studio earlier this evening. We began by talking about whether a income tax could pass when it has been defeated so many times before. |
| Business Outlook Return to index of stories... |
A tax cut cannot stop a recession. That's the message Federal Reserve Chairman Alan Greenspan had today for lawmakers on capitol hill. He said even if the Bush administration tax cut is put in place quickly, it cannot head off a downturn. Analysts say today's remarks could signal that the Fed is poised to lower interest rates yet again. |
| WALL STREET Return to index of stories... |
Greenspans message appeared to send a chill through investors on wall street today. Stocks closed down across the boards. The dow was down 43 points. The tech heavy nasdaq was down nearly 62 points. |
| NH STOCKS Return to index of stories... |
Here's a look at stocks of interest to New Hampshire. Bottomline Tech was down nearly one and a half. Compaq was up one and a quarter. State Street was down more than one and a half. Timberland was down one. And UNUM was down just over two. |
| Intro High Tech Return to index of stories... |
The financial services industry - which includes insurance carriers, security and commodity firms, the banking industry and non - depository institutions - has played an important role in New Hampshire's economy. The granite state ranks 9th in the nation among the 50 states in percent of gross state product in finance insurance and real estate. Those numbers were among many reviewed by business leaders and legislators in Concord this morning. OUT: |
| HIGH TECH BKFST Return to index of stories... |
roll package -- nat of meeting if anything good - track This morning, Network New Hampshire, and members of the financial services industry met with legislators to outline the role each plays in promoting a healthy New Hampshire Economy. Often the financial services industry isn't thought of as "high tech." -- sot Dale Gilpin - VP & Reg. Gen Manager Fidelity Investments 6:18:00The technology today is so important financial services business' in order to deliver to the customers the info they want in the timeframe that they want it in which is instantaneous and more and more people are getting educated about financial services and how to invest which is a great thing but the more that that happens the more it becomes important to have systems that can provide them the info they want and make the right decisions about their investments. 06:41:00 OUT -- track To maintain and run an information based industry takes qualified employees who make a good wage. And to that end, the financial services industry has played it's part in bolstering New Hampshire's economy by providing nearly 22 thousand jobs,over 1 billion dollars in wages and salaries and 3 billion dollars in sales. and Fidelity Investments employs over 3600 people in New Hampshire. Liberty Mutual - over 3500. -- sot Terry Conner Senior VP - Info. Systems Liberty Mutual 21:18:00The things that we produce day in and day out are centered on the ability to exchange information - exchange with our customers. Whether they are indivduals or business. So its an info based business and info of course runs on the backbone of high technology. -- track And the presence of these companies in the state is a benefit that's immediately apparent. -- Rep Rogers J. Johnson R - Stratham 18:07 What tends to happen is we train individuals at the tech colleges, at the university systems and they have a propensity to leave - if we have industries that they can go into that pay well that are rewarding, they will have a tendency to stay. An that's what we're looking to do. 18:26 -- sot George Bald - Comissioner NH Dept. of Resources and Econ. Development 19:29 It's exciting to see companies like Liberty Mututal and Fidelity grow the way they are growing. Because it comtinues to provide balance to our economy and also create great job opportunities and that is a big home run for our economy. . |
| Tag Tech Bkfst Return to index of stories... |
For more information on Network New Hampshire and the financial services industry in New Hampshire you can visit their web site at www-dot-NetworkNH.com |
| Intro Somersworth Return to index of stories... |
Over the past two decades, many New Hampshire towns have experienced successful economic transformations. They were blue collar, manufacturing centers that were forced to change with the times. High technology has filled in where mills once stood. In Somersworth, they too have adapted to the new economy, but at the same time have hung on to part of their past. OUT: |
| website Return to index of stories... |
For information on tonight's program, and links to our guests and interviews, visit our web site at nhptv.o-r-g. You can see and hear streaming video of our broadcasts and participate in our daily poll. If you've got a story idea or comment on our program you can call us at 800-639-2721. |
| Tomorrow Return to index of stories... |
Tomorrow on New Hampshire Outlook - Should state adoption records be opened? We'll look at the new bill to make that a reality. Plus just in time for valentines day. the art of chocolate from a New Hampshire original. |
| Goodnight Return to index of stories... |
That's it for this edition of New Hampshire Outlook. For all of us here at New Hampshire Public Television, thanks for joining us. Stay tuned for Keeping Up Appearances. We'll be back tomorrow at 7:30. Good night. |
| founders Return to index of stories... |
Thanks to our founding sponsors who have provided major funding for the production of New Hampshire Outlook: New Hampshire Charitable Foundadtion Public Service of New Hampshire Alice J. Reen Charitable Trust Putnam Foundation Stratford Foundation |
| PROMO Return to index of stories... |
Tonight on New Hampshire Outlook. The debate over whether to open state adoption records. Plus just in time for valentines day. the art of chocolate from a Granite State original. Join us tonight at 7:30 only on New Hampshire Outlook. |
| High Tech Breakfast Return to index of stories... |
NH ranks 9th in the nation as a percentage of gross state product in finance, insurance and real estate. The Financial services industry, with under 4 percent of the state's employment was responsible for 16 percent of the increase in Gross State Product in 1998. Fianncial Services Industryas defined by Network NH is made up of insurance carriers, security and commodity firms, the banking industry and non depository institutions. roll package -- nat of meeting if anything good - track This morning, Network New Hampshire, and members of the financial services industry met with legislators to outline the role each plays in promoting a healthy New Hampshire Economy. Often the financial services industry isn't thought of as "high tech." -- sot Dale Gilpin - VP & Reg. Gen Manager Fidelity Investments 6:18:00The technology today is so important financial services business' in order to deliver to the customers the info they want in the timeframe that they want it in which is instantaneous and more and more people are getting educated about financial services and how to invest which is a great thing but the more that that happens the more it becomes important to have systems that can provide them the info they want and make the right decisions about their investments. 06:41:00 OUT -- track To maintain and run an information based industry takes qualified employees who make a good wage. And to that end, the financial services industry has played it's part in bolstering New Hampshire's economy by providing nearly 22 thousand jobs,over 1 billion dollars in wages and salaries and 3 billion dollars in sales. and Fidelity Investments employs over 3600 people in New Hampshire. Liberty Mutual - over 3500. -- sot Terry Conner Senior VP - Info. Systems Liberty Mutual 21:18:00The things that we produce day in and day out are centered on the ability to exchange information - exchange with our customers. Whether they are indivduals or business. So its an info based business and info of course runs on the backbone of high technology. -- track And the presence of these companies in the state is a benefit that's immediately apparent. -- Rep Rogers J. Johnson R - Stratham 18:07 What tends to happen is we train individuals at the tech colleges, at the university systems and they have a propensity to leave - if we have industries that they can go into that pay well that are rewarding, they will have a tendency to stay. An that's what we're looking to do. 18:26 -- sot George Bald - Comissioner NH Dept. of Resources and Econ. Development 19:29 It's exciting to see companies like Liberty Mututal and Fidelity grow the way they are growing. Because it comtinues to provide balance to our economy and also create great job opportunities and that is a big home run for our economy. . |
| Ben's sots Return to index of stories... |
01:35:00The new economy , everybody knows is about technology- they know its about software companies, they know its about electronic firms- but its also about how that is used in traditional industries- and the financial services industry is all about information and technology. 01:52:00OUT 04:30 6:18:00The technology today is so important financial services business' in order to deliver to the customers the info they want in the timeframe that they want it in which is instantaneous and more and more people are getting educated about financial services and how to invest which is a great thing but the more that that happens the more it becomes important to have systems that can provide them the info they want and make the right decisions about their investments. 06:41:00OUT 18:07:00 What tends to happen is we train individuals at the tech colleges, at the university systems and they have a propensity to leave, if we have industries that they can go into that pay well that are rewarding they will have a tend4ency to stay. And that's what we're looking to do. 18:26OUT 19:29It is exciting to see companies like liberty mut. And fidelity grow the way they are growing. Because it continues to provide balance to our economy and also to create great job opps and that is a big home run for our economy. 21:18:00 The things that we produce day in and day out are centered on the ability to exchnge information- exchange with our customers. Whether they individs or business. So it is an info based business and info of couse runs on the backbone of high technology. 21:33OUT Fidelity: over 3600 employees in NH -SINCE 1992 Fidelity has seen a 500% increase in securities and commodities compared to 40% nationally. Liberty Mutual: Over 3500 in NH |