WOLY (1450 kHz ) is an AM radio station licensed to Olean, New York . The station is owned by Seven Mountains Media. It currently runs a 1970s to 1990s classic hits format branded as "Big Oly 107.1 and 105.5," branding itself after its two FM translators .
19-708: The station was issued an initial construction permit , with the sequentially issued call letters WHDL, in December 1928 to George F. Bissell in Tupper Lake, New York . In 1934 the station moved to Olean as the oldest station in Cattaraugus County , signing on there on December 11, 1934. It was affiliated with ABC since its days as the Blue Network through the early 2010s. Former congressman James F. Hastings managed WHDL from 1952 to 1966. The station
38-462: A leading indicator for developments in other areas of the economy. The number of building permits issued per year varies by country. By-right approval processes can be faster than discretionary approval processes. As part of broadcast law , the term is also used in broadcasting , where individual radio and television stations typically must apply for and receive permission to construct radio towers and radio antennas . This type of permit
57-486: A composite Leading Economic Index consisting of ten indicators designed to predict activity in the U. S. economy six to nine months in future. Components of the Conference Board's Leading Economic Indicators Index: Economist D.W. Mackenzie suggests that the ratio of private to public employment may also be useful as a leading economic indicator. Lagging indicators are indicators that usually change after
76-636: A high-density suburb. The criteria for planning permission are a part of urban planning and construction law , and are usually managed by town planners employed by local governments . Failure to obtain a permit can result in fines , penalties , and demolition of unauthorized construction if it cannot be made to meet code. Generally, the new construction must be inspected during construction and after completion to ensure compliance with national, regional, and local building codes . Since building permits usually precede outlays for construction, employment, financing and furnishings, they are often used as
95-511: A variety of programming is available in each area, and that as many groups as possible have access to free speech over radio waves . Economic indicator An economic indicator is a statistic about an economic activity . Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles . Economic indicators include various indices, earnings reports, and economic summaries: for example,
114-406: Is issued by a national broadcasting authority, but does not imply zoning any other permission that must be given by local government . The permit itself also does not necessarily imply permission to operate the station once constructed. In the U.S., a construction permit is valid for three years. Afterwards, the station must receive a full license to operate, which is good for seven years. This
133-585: Is provided by a separate broadcast license , also called a "license to cover" by the Federal Communications Commission (FCC) in the United States. Further permission or registration for towers may be needed from aviation authorities. In the U.S., construction permits for new commercial stations are now assigned by auction, rather than the former process of determining who would serve the community of license best. If
152-609: The United States of America is the private National Bureau of Economic Research . The Bureau of Labor Statistics is the principal fact-finding agency for the U.S. government in the field of labor economics and statistics. Other producers of economic indicators includes the United States Census Bureau and United States Bureau of Economic Analysis . Economic indicators can be classified into three categories according to their usual timing in relation to
171-474: The unemployment rate, quits rate (quit rate in American English), housing starts , consumer price index (a measure for inflation ), Inverted yield curve , consumer leverage ratio , industrial production , bankruptcies , gross domestic product , broadband internet penetration , retail sales , price index , and changes in credit conditions. The leading business cycle dating committee in
190-412: The approval needed for construction or expansion (including significant renovation ), and sometimes for demolition, in some jurisdictions. House building permits, for example, are subject to building codes . There is also a "plan check" (PLCK) to check compliance with plans for the area, if any. For example, one cannot obtain permission to build a nightclub in an area where it is inappropriate such as
209-405: The business cycle: leading indicators, lagging indicators, and coincident indicators. Leading indicators are indicators that usually, but not always, change before the economy as a whole changes. They are therefore useful as short-term predictors of the economy. Leading indicators include the index of consumer expectations, building permits, and credit conditions. The Conference Board publishes
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#1732775376782228-923: The competition in 2021 after its owner (the Seneca Nation of Indians ) withdrew its support for the station; in May 2022, Seven Mountains set up a translator for WOLY in Salamanca on 105.5, a short distance down the dial from WGWE's former frequency of 105.9. The 105.5 translator broadcasts from the tower of sister station WQRS . WOLY shares much of its programming with sister stations WZHD , WPHD-FM , WLUI, WKYL and WOGA , including morning host Lee Richey, midday host Nancy Plum, and afternoon host Chris Randolph. Compass Media Networks ' The Night Shift with Craig Allen airs in evenings. WOLY simulcasts on these two FM translators: Broadcasting construction permit Planning permission or building permit refers to
247-634: The current state of the economy. There are many coincident economic indicators, such as Gross Domestic Product , industrial production, personal income and retail sales. A coincident index may be used to identify, after the fact, the dates of peaks and troughs in the business cycle. There are four economic statistics comprising the Index of Coincident Economic Indicators: The Philadelphia Federal Reserve produces state-level coincident indexes based on 4 state-level variables: There are also three terms that describe an economic indicator's direction relative to
266-421: The economy as a whole does. Typically the lag is a few quarters of a year. The unemployment rate is a lagging indicator: employment tends to increase two or three quarters after an upturn in the general economy. . In a performance measuring system, profit earned by a business is a lagging indicator as it reflects a historical performance; similarly, improved customer satisfaction is the result of initiatives taken in
285-612: The given frequency allocation is sought by at least one non-commercial educational (NCE) applicant, or is on an NCE-reserved TV channel or in the FM reserved band, the comparative process still takes place, though the FCC refuses to consider which radio format the applicants propose. In Canada, the Canadian Radio-television and Telecommunications Commission maintains a comparative process in issuing permits, ensuring that
304-522: The new format (including Gary Nease, who served as morning host during the 14 Karat Gold era and briefly reprised that role in Big Oly's opening months), which is attempting to compete with the markets's predominant classic hits outlet WXMT , another classic hits newcomer that changed later in 2019 after a change in ownership; and indirectly with Buffalo classic hits outlet WHTT-FM , which also registered measurable listenership. WGWE eventually dropped out of
323-424: The past. The Index of Lagging Indicators is published monthly by The Conference Board , a non-governmental organization, which determines the value of the index from seven components. The Index tends to follow changes in the overall economy. The components on the Conference Board's index are: Coincident indicators change at approximately the same time as the whole economy, thereby providing information about
342-610: Was historically an oldies outlet known as "14 Karat Gold" since at least the 1980s, a format that was dropped in 2013 in favor of a 24-hour ESPN Radio feed, branded as "The Huddle" (a backronym of the station's long-established call sign). On August 8, 2016, WHDL changed its format from ESPN sports to top 40/CHR , branded as "Hot 107.1" (simulcast on FM translator W296DB in Olean). The format change took advantage of FCC regulations allowing an AM station to be broadcast on FM translators far removed from their city of license (the translator
361-525: Was relocated from Elmira ). On July 26, 2019, the station changed its call sign to WOLY, taking on a new call sign for the first time in its 90-year history. On July 29, 2019, WOLY changed its format from top 40/CHR to classic hits, branded as "Big Oly 107.1", returning the station to a format of older music. (The concept is loosely based on that of another Seven Mountains station, WLUI , which goes by "Big Lewie" in deference to its home city of Lewistown, Pennsylvania .) WPIG disc jockeys serve double duty for
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