9:54am

Mon July 18, 2011
Planet Money

Nation's Newest Finance Watchdog To Open Without A Leader

President Obama will nominate Cordray to head the new Consumer Financial Protection Bureau.
Kiichiro Sato AP

The Consumer Financial Protection Bureau will formally open for business this week. It will not have a director.

The White House said yesterday that President Obama would nominate former Ohio Attorney General Richard Cordray to run the bureau. But Cordray has to be confirmed by the Senate, and that won't happen this week. It may not happen at all (more on that below).

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9:52am

Mon July 18, 2011
The Commonwealth

Dangerous Heat this Week

Kentucky is in for a bruising week of low- to mid-90-degree weather. As a result, a heat advisory - which is issued when high humidity combines with hot temperatures to make it feel as if it is 100 to 105 degrees - will be in effect today.

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9:49am

Mon July 18, 2011
All Politics are Local

Scott Co. Magistrate in Conflict

The Kentucky attorney general’s office says Scott County Magistrate Bill Parker’s employment with Georgetown-Scott County Parks and Recreation is a conflict of interest. “It is our belief that it would be a conflict to hold both the position of fiscal court magistrate and work as an employee for a county parks and recreation board,” Aaron S. Ament, an assistant attorney general, wrote to Commonwealth’s Attorney Gordie Shaw.

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9:47am

Mon July 18, 2011
All Politics are Local

Benham Eyes Sale of Power Board

Voters in Benham will in November, more than likely, face the ballot question of whether the city should sell its power board to Kentucky Utilities. At a Benham city council meeting Thursday, city officials discussed the dire situation that the board and the distribution system are in. “We buy our power from KU and then resell it. Our computer system being down meant that we went for four to five months without any bills going out or revenue coming in. It also meant that we went for months without making payments to KU,” Power Board Chairman Danny Quillen said.

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9:45am

Mon July 18, 2011
Kentucky Arts and Culture

Retired Newsman Publishes 1st Novel

Scott Smith, 87, of Danville, a fan of Westerns since childhood, hadn't attempted the genre until a few years ago despite a long career in publishing.
David Perry Lexington Herald-Leader

Scott Smith, 87, is a retired newspaperman. He's also had a lifelong fascination with the Old West. Now, the Danville resident has combined his two long held interests and published his first novel - The Bronco Man. Naturally, it's a western.

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9:40am

Mon July 18, 2011
Education

UK Spends $285,000 to Set Goals

Eli Capilouto shown in a Herald-Leader interview at the UK HealthCare retreat at Keeneland race track on Monday, June 13 in Lexington.
David Perry Lexington Herald-Leader

With a new president at the helm, the University of Kentucky will pay a Chicago-based consulting firm $285,000 to re-examine the school's long-term goals — set during rosier financial times — and suggest efficiencies. Results from the study conducted by Huron Consulting Group will be considered during a UK Board of Trustees retreat with new president Eli Capilouto in October.

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9:29am

Mon July 18, 2011
The Commonwealth

Pension Costs Blamed for Layoffs

When cities and counties around Kentucky passed budgets just before July 1, many blamed the cost of the state pension system for cuts to services and personnel. Legislators anticipate reform of the Kentucky Retirement System will emerge as the top issue once the legislative redistricting is completed in the next session of the General Assembly.

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9:20am

Mon July 18, 2011
Business and the Economy

NASCAR Week Mixed for Kentucky Business

The inaugural Quaker State 400 brought mixed results for businesses near the Kentucky Speedway, with some saying their business was up while others were left wondering why the expected windfall fell short.

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9:05am

Mon July 18, 2011
The Two-Way

Iowa Congressman, Family Fend Off Intruder

Rep. Leonard Boswell (D-IA) "scuffled with an armed intruder at his southern Iowa farmhouse late Saturday night before his grandson pointed a gun at the intruder, who then fled," The Des Moines Register writes, citing aides to the congressman and the local sheriff's office.

The newspaper adds that "no arrests had been reported by Sunday evening."

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8:27am

Mon July 18, 2011
The Two-Way

U.K. Tabloid Scandal: 'Lapping At The Door Of No. 10 Downing St.'

British Prime Minister David Cameron. (July 11, 2011, file photo.)
Matthew Lloyd Getty Images

Catching up on the scandal that doesn't stop in the U.K.:

"An intensifying voicemail hacking and police bribery scandal cut closer than ever to Rupert Murdoch and Scotland Yard on Sunday with the arrest of the media magnate's former British newspaper chief and the resignation of London's police commissioner.

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