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.
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.
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.
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.
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.
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.
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."