Thu September 8, 2011
Business and the Economy

Federal Reserve Report Shows Slight Gains

The latest beige book from the Federal Reserve shows mixed results for the area. Louisville is in the Eighth District, which is centered in St. Louis. Overall, the district saw modest economic growth in July and August, but activity varied from sector to sector. Manufacturing, services and auto sales were up compared to the previous year. But residential real estate activity and non-auto retail sales dropped.

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Thu September 8, 2011

Rupp Task Force Discusses Future UK Venue


The decision of whether to renovate Rupp Arena or build a new home for the Kentucky Wildcats is still far off, but members of the arena task force heard some initial thoughts today from the recently-chosen master planner. Gary Bates of the architecture firm Space Group is familiar with downtown Lexington. He once taught at UK’s College of Design. At today’s meeting of the Arena, Arts and Entertainment District Task Force, Bates said preserving Rupp Arena’s atmosphere is a top priority.

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Thu September 8, 2011
All Politics are Local

Congressional Help for Postal Service Long Shot

The U.S. Postal Service is on the brink of defaulting on its employee pension obligations and is asking congressional leaders for assistance, but U.S. Rep. John Yarmuth, D-Ky., says lawmakers may have too much on their plate to help the ailing agency. Postmaster General Patrick Donahoe told a Senate committee Tuesday the agency was likely to run out of cash before the end of the month. The Postal Service faces a $10 billion deficit for the fiscal year and must make a $5.5 billion payment to retiree benefits due on Sept. 30.

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Thu September 8, 2011
All Politics are Local

Conway Bypasses P’Pool to Rip Walker Visit

In a message to supporters, Democratic Attorney General Jack Conway slammed Republicans for inviting Wisconsin Governor Scott Walker to campaign in Kentucky later this month. Walker is scheduled to headline two rallies and a fundraiser for Republican gubernatorial candidate David Williams, who has praised the Wisconsin governor’s brief tenure in radio interviews.

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Thu September 8, 2011

Europe's Shaky Finances Rattle U.S. Economy

In 1999, the core European Union countries created a common currency, the euro, which is used by about 327 million Europeans.
Sean Gallup Getty Images

For nearly two years, the Greek debt crisis has been causing financial and political turmoil in Europe.

Now, the widening European troubles are undermining U.S. stock prices and increasing the odds of a global recession.

The crushing debt loads incurred by Greece, as well as Italy, Ireland and others, have "badly rattled global financial markets," Nariman Behravesh, chief economist for IHS Global Insight, a forecasting firm, said Wednesday.

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Thu September 8, 2011

College Freshmen Remember 9-11

Many of the freshmen who stepped on the UK campus this fall were in elementary school at the time of the 9/11 terrorist attacks. For many Americans, it seems hard to forget the events of 9/11; the place they were, the people they were with, and even what they were doing that day. But what about young people who were mere children when it happened? Two University of Kentucky freshmen took the opportunity to share their thoughts about September 11th.

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Thu September 8, 2011
It's All Politics

Perry's Debate Debut Suggests Texas-Sized Hurdles Ahead

Originally published on Thu September 8, 2011 3:22 pm

Texas Gov. Rick Perry (right) takes the stage with Mitt Romney and Rep. Michele Bachmann before Wednesday night's GOP presidential debate at the Ronald Reagan Presidential Library in Simi Valley, Calif.
David McNew AFP/Getty Images

Texas Gov. Rick Perry has always had a mantra of sorts that he would frequently resort to when taking heat from opponents during political debates back home.

It went something like this: Texas is great. People want to live here. Businesses want to move here. And, by the way, Texas is great.

Unfortunately for Perry, he couldn't play the card that served him so well in his three terms as governor during his first presidential debate Wednesday night.

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Thu September 8, 2011
The Two-Way

Top News: Gadhafi Says He's Still In Libya; Nevada Mourns Shooting Victims

Good morning!

The news we've already posted about, today:

-- Texas Wildfires Rage On With More Than 1,000 Homes Destroyed

-- The Day After: Who Came Out On Top In The GOP Debate

And here some other stories making headlines:

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Thu September 8, 2011
Reflecting On Sept. 11, 2001

After Sept. 11: The Not-So-Brave New World

Originally published on Thu September 8, 2011 7:56 pm

An Amtrak Police K-9 watches while commuters depart for rush hour during "Operation Railsafe" at Union Station in Washington, D.C., last October.
Brendan Smialowski Getty Images

Midmorning on a recent Tuesday in Washington and life is a-bustling at Union Station, the railroad terminal just a few blocks from the U.S. Capitol. People come and go, sidestepping the Jersey barriers at the entrance, making for the platform gates, some talking on cellphones, others to each other, still others moving in purposeful silence.

Not a soul seems to be paying attention to the security signs or videos.

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Thu September 8, 2011
The Two-Way

Texas Wildfires Rage On With More Than 1,000 Homes Destroyed

Hillary Polly looks through the family belongings as Thomas Polly tries to pry open a fireproof gun safe with his father Louie Polly in the background amongst the rubble of their burned house near Bastrop, Texas.
Erich Schlegel Getty Images

Texas authorities said today that the wildfires that began Sunday in Bastrop have destroyed 1,386 homes. The Austin American Statesman reports that officials came to that number by going "house by house and driveway by driveway."

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