With the U.S. economy stuck in neutral, analysts are busy adjusting their forecasts to include the possibility of another recession. Most aren't predicting another downturn, they're just saying that the odds have increased.
Meanwhile, policymakers at the Federal Reserve are divided about what to do next. Some are arguing for more aggressive action while others think that would be a mistake, according to minutes from their last meeting released on Tuesday.
Both the Fed and Congress are running out of ideas that they haven't already tried.
"At least $31 billion, and possibly as much as $60 billion, has been lost to contract waste and fraud in America's contingency operations in Iraq and Afghanistan," the independent and bipartisan Commission on Wartime Contracting in Iraq and Afghanistan reported this morning.
That's out of the $206 billion that's expected to have been spent on contracts and grants in those two countries by the end of September, the commission says.
Thursday will be the first official day on the job for new Fayette County School Superintendent Tom Shelton. The former Daviess County school administrator has spent the last few months settling into the Lexington community. The goal now is to get acquainted with teachers and students.
Kentucky Educational Television program ”Kentucky Life” plans to capture an intimate portrait of Elizabethtown in September. The show, in its 16th season, will shoot footage in Elizabethtown on Thursday and Sept. 8 as part of a series looking at main streets in Kentucky cities, said Tom Bickel, a producer and director with KET. Bickel said the program primarily will focus on the city’s downtown district and how U.S. 31W leads into the centralized part of the city.
The Fort Campbell soldier who claimed Hopkinsville police brutalized him during a 2008 arrest, by needlessly shocking him twice with a Taser, received a $100,000 settlement from the city’s insurance company. The company, Kentucky League of Cities, made the decision to settle, said Hopkinsville City Attorney Doug Willen. The settlement did not require the city to admit wrongdoing on the part of the three officers involve
Former state senator and U.S. Rep. Carroll Hubbard has filed a letter of intent with the Kentucky Board of Elections to run for the First District Kentucky Senate seat now held by Sen. Ken Winters. Hubbard, D-Mayfield, challenged Winters, R-Murray, for the seat in 2008.
Elected officials from Richmond and Madison County did not embrace a proposal Tuesday from Berea Mayor Steve Connelly to create a countywide human-rights commission. That leaves the Berea City Council to create a commission on its own. The Berea council gave first reading to an ordinance July 19 that would create a human rights commission. A second reading and final vote will come in September, said Connelly and council member Truman Fields.
The University of Kentucky athletics department engaged in "reprehensible conduct" in revoking the university student newspaper's access to a basketball media event, a national journalism group said Tuesday. The letter from Associated Press Managing Editors to UK Athletics Director Mitch Barnhart was part of a wave of regional and national criticism heaped upon UK in the wake of a disagreement with the Kentucky Kernel over interview practices.
It started out as just an ordinary day at work for Conrad Lanham, a deputy jailer at the Shelby County Detention Center. Then everything changed in a heartbeat when an inmate grabbed a female employee and put a sharp object to her throat. What Lanham did next earned him the title of Kentucky Deputy Jailer of the Year for 2010, an award given each year to a deputy who has displayed remarkable courage and bravery.