Are the arts a worthwhile investment?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 September 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Waterville, Maine used to be home to a factory and mill. But when jobs left, the economy suffered. Now, Waterville’s Colby College is spending millions to transform the town into a haven for performing and visual arts. Will their investment pay off? Plus, gas prices spiked August inflation calculations, but that doesn’t spell bad news for the overall economy.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Is money for the arts better than a hot new offering of stock? |
| 0:05.7 | I'm David Brancacci, oh first there's word that inflation jumped six tenths of a percent |
| 0:10.2 | July into August, but half of that was as expected fuel prices, year over year inflation's |
| 0:15.5 | running at 3.7 percent, where 2 percent is the central bank's actual goal. |
| 0:21.8 | Guillabas chief fixed income strategist at Janie Montgomery Scott, I asked him if he's |
| 0:26.4 | worried about what looks like a spike in inflation, not very in brief. |
| 0:32.0 | The inflation crisis in the United States ended really last spring, and while today's |
| 0:36.7 | data is a little bit warmer than expected, it's definitely within the range of a normal |
| 0:42.0 | month to month inflation variation. |
| 0:44.8 | Also watching to see if crude oil crosses above $90 a barrel today for the first time |
| 0:49.4 | since October, a new forecast from the International Energy Agency predicts higher prices will |
| 0:54.9 | stick throughout the year. |
| 1:24.9 | About a dozen years ago, I did a documentary about better ideas for the economy, post great |
| 1:35.4 | financial crisis. |
| 1:36.4 | The thing was called fixing the future, and it opened with something broken and needed |
| 1:40.8 | a fixing, a derelict section of Main Street in my hometown. |
| 1:46.4 | There are towns like Waterville, Maine, all across America, and it looks like it's up |
| 1:51.0 | to us to come up with what to do next for our economy. |
| 1:55.6 | Now in the name of community revitalization, this mill and college town is trying to establish |
| 2:00.9 | itself as the arts capital of Northern New England, really? |
| 2:06.2 | A work site on a campus on a hill is packed with carpenters, landscapers, data technicians. |
| 2:12.0 | They're jammed to finish the Gordon Center for Creative and Performing Arts, a complex |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

