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  • Holiday Program Changes On KMAS

    merry kmas2014KMAS will broadcast the following ABC shows in place of Daybreak with Jeff and Dale on December 25th, 26th, and January 1st and 2nd: Playback 2014, Perspective, Winter Survival Guide, and As It Happened. Our regularly scheduled programs will play after 9AM. Daybreak will be back to its regular schedule… Read More +

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  • Justices Undo Sentences In Lakewood Cop Killings

    clemmonsaccompWashington's Supreme Court has reversed the gun convictions and the exceptional sentences issued to two people who helped Maurice Clemmons after he gunned down four police officers in a Lakewood coffee shop in 2009. Clemmons' aunt, Letrecia Nelson, and friend Eddie Lee Davis were convicted of rendering criminal assistance for helping Clemmons evade capture,… Read More +

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  • Five Seahawks For 2015 Pro Bowl

    hawsktextgradThe Seattle Seahawks will be represented in the 2015 Pro Bowl by safety Kam Chancellor, running back Marshawn Lynch, cornerback Richard Sherman, safety Earl Thomas and linebacker Bobby Wagner, the NFL announced this evening. It is the fourth-consecutive season Seattle has had at least five representatives in the Pro Bowl. It will be Chancellor's third Pro Bowl trip in his five seasons, Lynch's fifth overall,

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The Difference Between Royal Wedding and Royal Baby on UK Economy

b_250_0_16777215_00_images_obgrabber_2013-07_d8b8ea0c93.jpgTODD ANDERSEN/AFP/GettyImages(LONDON) -- Despite the hype over the royal baby news, there will be no closure of British businesses and financial markets. Any economic impact from the royal birth should be positive, said Howard Archer, chief European and U.K. economist with IHS Global Insight. The Queen’s Diamond Jubilee celebrations in 2012 and the royal wedding in 2011, by contrast, both meant an extra public holiday.

“A major difference is that there was an extra day’s public holiday with the royal wedding, which did have a negative impact on the economy through hitting activity,” said Archer. “However, there were more street parties and pageantry involved with the royal wedding. The street parties may have had more of an impact in lifting sales of food and drink, while the greater pageantry may have had a small impact in lifting tourism.”

It doesn’t hurt that some economists have predicted a $400 million boost in economic activity as a result of the royal baby, in part because of a boost in consumer confidence due to a “feel good factor."

On previous royal-related holidays, economic output, services activity and retail sales took a hit. While some of this lost economic activity was subsequently made up, there was “undoubtedly a significant overall loss,” said Archer.

However, with the more private celebrations around the royal baby, there may not be the same beneficial impact from tourism that came with the pageantry and celebratory public events surrounding the other royal events, Archer said. Nevertheless, in the last day or so, the international media attention surrounding the royal baby is arguably one large publicity campaign for the United Kingdom.

Copyright 2013 ABC News Radio

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