Economy

Economy
4:15 pm
Fri August 17, 2012

Jobless Rates Increase in 44 States in July

Unemployment rates moved higher in 44 out of 50 states last month. The Associated Press reports that is the highest number of states to show an increase in unemployment in more than three years. Analysts say the numbers reflect weak hiring activity across the United States. 

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Economy
1:21 pm
Mon August 13, 2012

FedEx to Cut Work Force

FedEx

Tennessee-based FedEx will offer buyouts to U.S. employees in an effort to cut costs in a troubled economy. Company officials indicate that the majority of those offered buyout packages will be staff employees at FedEx Express and FedEx Services. The Memphis-based company says it hasn't decided how many employees it needs to cut.

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Economy /Declining State Revenues
3:14 pm
Fri August 10, 2012

Kentucky's General Government Revenue Declines

State Revenues

A report released by State Budget Director Mary Lassiter reveals that receipts from both the state's sales and income taxes declined in July. Lassiter says she still expects the state to meet projections of modest revenue growth over the remainder of the new fiscal year, despite declines in general fund revenue for three of the past four months.

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Economy
10:15 am
Thu August 9, 2012

For Struggling Tennessee Homeowners, a Free Hotline Offers Counseling

Tennessee is launching a toll-free hotline for homeowners who are either in—or on the brink of—foreclosure. The Tennessean reports the hotline is open from 8 a.m. to 5 p.m. central time, Mondays through Fridays.

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Economy /Postal Problems
3:04 pm
Mon July 30, 2012

Postal Service Braces for Default

U.S. Postal Service Truck
WKU Public Radio

The United States Postal Service will soon default on billions of dollars in payments due to the U.S. Treasury. The situation is adding to the uncertainty about the mail agency's solvency.

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Economy /Job Losses
3:42 pm
Fri July 27, 2012

Delta to Shut Down Comair

Delta Airlines is shutting down its 35 year old carrier known as Comair, effective at the end of September. Delta says it is switching to larger jets and has sent termination notices to employees, including some 700 who live in Kentucky.

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Economy
3:30 am
Fri July 27, 2012

Bill Changing Kentucky's Approach to Prison Costs Yet to Reap Major Savings

Kentucky’s Justice Cabinet secretary says a 2011 law meant to reduce state prison costs is producing mixed results. Secretary J. Michael Brown says arrests are down and in its first year in action, and less convicts passed through state prisons.

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Economy
3:15 pm
Thu July 26, 2012

Kentucky Budget Surplus Less Than Originally Expected, but Good News Remains

Despite accounting mistakes and unforeseen disaster relief expenses, state government is closing the 2012 budget with another surplus. Originally, the budgetary surplus was $83 million. Now it's almost halved to $45 million.

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Economy
1:17 pm
Wed July 25, 2012

Beshear to Skip Fancy Farm in Favor of Overseas Economic Trip

An overseas economic trip will prevent Governor Steve Beshear from participating in this year’s Fancy Farm political speaking. The governor’s office announced that Beshear will be in Germany and France for the next few weeks to encourage companies there to bring business to Kentucky.

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Economy
9:44 am
Wed July 25, 2012

Kentucky Improves in Some Categories, Still Falls Short in Latest Kids Count Survey

A new report shows one in four Kentucky children lives in poverty, with their numbers growing since 2005. The latest Kids Count report by the Annie E. Casey Foundation ranks Kentucky, Tennessee, and Indiana in the bottom half of states for overall child well-being.

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