Economy

Concerns over High Fuel Prices
6:09 am
Sun February 26, 2012

Congressman Guthrie Says Consumers are Concerned about the Impact of Higher Fuel Prices

Second District Congressman Brett Guthrie of Kentucky says he's heard plenty of constituents expressing concern about higher gasoline prices in recent days. The Republican from Bowling Green says the higher prices at the pump are difficult for consumers to accept in an already troubled economy. He says the higher fuel prices are also being felt in the trucking industry, and he warns that increases in shipping costs  could lead to higher costs for numerous products, from manufactured goods to groceries. 

Economy
12:30 pm
Thu February 23, 2012

US Postal Service Plans to Close Eight Processing Centers in the Bluegrass State

In a statement released today the US Postal Service says it will close eight mail processing centers in Kentucky, including locations in Bowling Green, Elizabethtown, London, and Somerset. The processing work currently done at those centers will be processed at facilities in other cities in the future.

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Gasoline Prices Jump
2:08 am
Thu February 23, 2012

Petroleum Analysts Say Gas Prices Could Move Higher in Upcoming Days

Some petroleum industry analysts say the higher prices on gas pumps in the region may not have hit their peak yet. Upward movement was reported during the day yesterday, with retail prices hitting $3.75 per gallon at several stations in Bowling Green. Gasbuddy.com analyst Patrick DeHaan predicts the upward pressure could continue through the end of the week.

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Homeless Shelters Need Donations
7:08 am
Tue February 21, 2012

Benefit Gala is Scheduled to Help the Homeless in Owensboro

The Owensboro Museum of Fine Art will be the site of the Benefit Gala.
Owensboro-Daviess County Tourist Commission

James Barnett of the Daniel Pitino Shelter in Owensboro says his agency is seeing more "first-time" homeless than ever. Barnett says the difficult economy has forced people who had never sought assistance in the past to ask for help.

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Mortgage Crisis
7:45 am
Fri February 10, 2012

Kentucky to get Nearly $60 Million from Mortgage Agreement

A nationwide foreclosure settlement with five major mortgage lenders means thousands of Kentuckians will receive direct payments, loan modifications, or principal write-downs. Kentucky was one of the last states to agree to the $25 billion deal with Bank of America, Chase, Wells Fargo, Citi, and Ally Financial. Attorney General Jack Conway says the Commonwealth will receive $58.8 million of the settlement.

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US Housing Market
10:03 am
Tue February 7, 2012

Kentucky Not Currently Part of Settlement over Foreclosures

More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses. The deal would force the five largest mortgage lenders to reduce loans for about 1 million households.

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Economy
12:53 pm
Fri February 3, 2012

Have Economists Got It Wrong About The U.S.?

Federal Reserve Chairman Ben Bernanke pauses during a hearing before the House Budget Committee on Feb. 28, 2007.
Alex Wong Getty Images

Originally published on Fri June 22, 2012 10:23 am

Five years ago, a subprime mortgage firestorm was melting down the U.S. economy, but most analysts didn't see it happening.

Federal Reserve Chairman Ben Bernanke, testifying before Congress in February 2007, said the housing sector "is a concern, but at this point we don't see it as being a broad financial concern or a major factor in assessing the course of the economy."

If he and the vast majority of economists were blind to the economic and financial calamity taking shape then, could they also be missing the start of a huge economic boom now?

A boom? Really?

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Gasoline prices
12:20 pm
Tue January 31, 2012

Petroleum Industry Analyst Says 2012 Could be a Costly Year at the Gas Pump

Industry Analyst Gregg Laskoski of GasBuddy.com says there are many uncertainties in the market place this year, but he believes median gasoline prices could reach or exceed four dollars per gallon by Memorial Day in many parts of the country. A new report released by GasBuddy.com warns that the retail price of gasoline at the start of 2012 was  signicantly higher than just two years ago. Laskoski calls that an "ominous sign" for the rest of 2012.  He spoke with Dan Modlin...........

Proposed Interstate in Ky
11:03 am
Mon November 15, 2010

I-69 Study to be Discussed at Public Forum

Bowling Green, KY – A public meeting will be held in Mayfield to get public input on a new study regarding a proposed Western Kentucky corridor for Interstate 69. Officials in Kentucky are hoping that portions of existing roadways can be included in the corridor, to help manage costs. Public Information Officer Keith Todd of the Kentucky Transportation Cabinet says public comments will be accepted on the proposal until the end of November. Dan Modlin spoke with Todd.

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The Economy Project
2:20 pm
Wed December 23, 2009

Slow Economy Has Workers Raiding Retirement Funds

Bowling Green – The down economy has more Americans tapping their retirement savings. One business group says nearly half of those changing or losing jobs last year took cash out of their 401k accounts. In this report, Lisa Autry speaks with Bowling Green financial adviser Tony Walker who says it can be risky and expensive to tap retirement funds early.

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