King Banaian

Shopping Malls have undergone some challenges and changes recently. St. Cloud State Economist King Banaian joined me on WJON. He says the malls of the 70s and 80s often included movie theaters, restaurants and shops. People would make a day of their experience.

Americans are incurring more debt. St. Cloud State Economist King Banaian explained on WJON Monday that debts levels are returning to 2019 levels. He says the pandemic of 2020 influenced many people's spending.

Gas prices have been on the rise recently but St. Cloud State Economist King Banaian doesn't think that will continue. He joined me on WJON today. He says the reason for the rise in gas prices has to do with an electrical situation that happened at a plant in Indiana which took the biggest supplier of gas in the Midwest offline.

The United States are producing more oil in recent years, importing less and exporting more. That according to St. Cloud State Economist King Banaian, who joined me on WJON today. He says the trend in the country indicates we are consuming marginally less oil from year to year.

Colleges play a role in a community's economy. St. Cloud State University Professor of Economics and Interim Dean, King Banaian joined me on WJON. He says the role schools like St. Cloud State, St. John's, St. Ben's and St. Cloud Tech and Community College play in the community include two things;

Gas prices are on the rise but where will they peak? St. Cloud State Dean, School of Public Affairs and Economics Professor King Banaian joined me on WJON. He says due to Sauk Arabia announcing that they will extend their voluntary production cuts of 1 million barrels per day through the end of the year.

The demand for air travel continues to rise and so are the prices. St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON. He says planes are full and the prices are high... people are determined to travel despite the price increase.

Despite the news of OPEC reducing oil production St. Cloud State Economist and Dean, School of Public Affairs, King Banaian doesn't believe gas prices will move much up or down anytime soon.

Gas prices are probably on the way back up. That according to St. Cloud State Economist and Dean, School of Public Affairs, King Banaian. He joined me on WJON. Banaian indicates the announcement over the weekend that Saudi Arabia and Kuwait are cutting back on their oil production could cause an immediate change.

Bank failures aren't unusual but a bank failure becoming public information is. That according to St. Cloud State Economist and Dean, School of Public Affairs King Banaian.

Inflation continues to be in factor for Central Minnesotans with so many products and services going up in price. St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON. He indicates the latest ADP report, which processes paychecks, shows wages went up 7.7% and Banaian says inflation is up 8%.

Road construction projects, car parts, home improvement projects and more aspects of American life continue to be impacted by supply chain issues. St. Cloud State University Dean, School of Public Affairs and Economics professor King Banaian joined me on WJON.