The U.S. House of Representatives is expected to vote on a bill tomorrow that would change the way the Clean Air Act is administered. The bill is called TRAIN for short—the long name is the Transparency in Regulatory Analysis of Impacts on the Nation Act of 2011. TRAIN began as a bill to require analysis of the cumulative effect of upcoming environmental regulations, but various amendments, including one by Kentucky Congressman Ed Whitfield, have changed it into a bill that would delay air pollution regulations, some for years, some indefinitely.
At one point in trading today, the Dow Jones was down close to 500 points or about 4 percent. The U.S. markets followed the earlier global slide as investors grappled with a gloomy forecast from the Federal Reserve and fears of a global economic downturn.
Louisville developer Ed Hart says there’s no way the Kentucky Kingdom amusement park can be reopened next year, but he’s willing to extend his interim agreement with the Kentucky State Fair Board and aim for a 2013 reopening. Hart says without a public/private funding partnership and a long-term lease in place, suppliers won’t be able to fill orders get the park’s rides up and running for 2012.
The ferry that shuttles residents between Southern Indiana and Louisville isn’t popular among commuters. Just over 50 commuters take the Spirit of Jefferson in the morning and a little over 100 in the afternoon, said Spirit of Jefferson CEO Linda Harris. It can hold 300 passengers but the most it has transferred was 209, she said.
Originally published on Thu September 22, 2011 10:13 pm
The AP is reporting results from a group of Italian researchers using equipment from the European Organization for Nuclear Research (CERN) that claims they've measured particles traveling at a speed greater than the speed of light.
In his 15th day on the job, new Fayette County Public Schools superintendent Tom Shelton spoke to some of the area's business leaders Thursday at an event hosted by Commerce Lexington. Shelton comes to Fayette County after serving as superintendent in Daviess County. Shelton says he's working on building a strong relationship with the Board of Education, and will have visited all 56 district schools by the end of the week.
A Lexington attorney has become the fourth attorney disbarred due to his involvement in a class-action lawsuit brought against the diet drug fen-phen.David Helmers had his law license revoked today after the Kentucky Supreme Court cited serious ethical violations in his conduct. He's also been ordered to pay $40,000 to cover the cost of the disciplinary proceedings against him.
Stocks closed sharply lower Thursday after investors sold stocks with abandon, convinced that the U.S. and the world are headed for a new recession.
The Dow Jones industrial average fell as much as 527 points, the second consecutive rout since the Federal Reserve announced a change in strategy for fighting the economic slowdown.
At the close of trading, the Dow was down 391.01 points, or 3.5 percent, at 10,733.83. The Standard & Poor's 500 index fell 37.18, or 3.2 percent, to 1,129.58. The Nasdaq composite fell 82.52, or 3.3 percent, to 2,455.67.