Business

Business
10:43 am
Tue January 13, 2015

Paducah Power System Board Interviewing General Manager Candidates This Week

Interim PPS CEO Mark Crisson (Left) and PPS Board Chairman Hardy Roberts.
Credit Lance Dennee

The Paducah Power System Board is interviewing general manager candidates this week for the permanent position.

Interim General Manager Mark Crisson joined the utility in October after Dave Clark stepped down from the position amid community concern about high bills.

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Business
4:55 pm
Thu January 8, 2015

Paducah-McCracken County Riverport Authority Works to Get Foreign Trade Zone Approved

Credit http://www.paducahriverport.org/

The Paducah-McCracken County Riverport Authority is sending its Foreign Trade Zone application next week for final review in a move that could bring more industry and jobs to the region.

The designation would allow imports or exports to stay within that zone duty free.

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Business
11:26 am
Wed January 7, 2015

2015 Economic Initiatives for Murray and Calloway County

Murray Calloway Economic Development Corporation's Executive Director Mark Manning on Sounds Good
Credit Matt Markgraf, WKMS

Several economic development projects are in the works in Murray and Calloway County. From an automotive parts manufacturer, to buildings equipped for potential use to road projects, there are several goals for 2015. We get a scan from Mark Manning, Murray Calloway Economic Development Corporation's Executive Director, on Sounds Good.

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Business
12:52 pm
Mon January 5, 2015

Tennessee named 2014 Economic Development "State of the Year"

Credit businessfacilities

A national business publication has named Tennessee the economic development “state of the year” for the second year in a row.

Business Facilities awards the designation to states leading the nation in economic development, infrastructure and education since 2007.  Tennessee is the first state to receive the award in consecutive years, previous winning in 2013 and 2009.  

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Business
6:30 am
Wed December 31, 2014

2014 Saw Economic Gains in Kentucky

Credit Moritz Wickendorf, Wikimedia Commons

2014 could go down as a "breakout" year for Kentucky's economy.

Economists and workers in about every occupation imaginable were waiting for the effects of the "Great Recession" of 2008 to fade.

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Business
10:45 am
Mon December 29, 2014

Looking To 2015, Economists See 5 Reasons To Celebrate

Target shoppers Kelly Foley (from left), Debbie Winslow and Ann Rich use a smartphone to look at a competitor's prices while shopping shortly after midnight on Black Friday, in South Portland, Maine.
Robert F. Bukaty AP

Originally published on Mon December 29, 2014 9:39 am

Each December, economists make predictions. And each new year, they get hit by unexpected events that make them look more clueless than prescient.

This year's bolt out of the blue was the plunge in oil's price, which no one saw coming.

Still, top economists' forecasts did get a lot right for 2014. One year ago, most were predicting healthy growth, tame inflation, low interest rates, rising stock prices and declining unemployment — and that's just what we got.

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Business
11:23 am
Fri December 26, 2014

Economy Weathers A Bad Winter And Other Storms To Finish 2014 Strong

A New York Stock Exchange trader works on the floor on Dec. 17. Stocks rose nearly 300 points after the Federal Reserve announced it plans to begin raising interest rates next year.
Andrew Burton Getty Images

Originally published on Tue February 17, 2015 12:09 pm

The economy was floored by the polar vortex early on in 2014 — plus, businesses and consumers were still a little dazed by a government shutdown and debt ceiling fight late in 2013.

Mark Zandi, chief economist at Moody's Analytics, says it all produced an anxious start to the year. "Yeah, a lot of worry, particularly because we had misstepped a few other times during the recovery," he says. "We had these false dawns when we really thought the economy was going to kick into gear and then we kind of fell back into the morass."

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Business
4:21 pm
Wed December 24, 2014

Maiden Alley Cinema to Show 'The Interview'

Credit Maiden Alley Cinema, Facebook

Maiden Alley Cinema in Paducah will run the feature film The Interview beginning the day after Christmas.

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Business
10:14 am
Tue December 23, 2014

Farm Fresh? Natural? Eggs Not Always What They're Cracked Up To Be

Cage-free eggs for sale in 2008 in Knoxville, Tenn.
Joel Kramer/Flickr

Originally published on Tue December 23, 2014 2:49 pm

You're in the supermarket gathering ingredients for eggnog and a Christmas Bundt cake, and you're staring at a wall of egg cartons. They're plastered with terms that all sound pretty wonderful: All-Natural, Cage-Free, Free-Range, Farm Fresh, Organic, No Hormones, Omega-3. And so on.

And yet the longer you stare at them, the more confused you become. You are tired and hungry, so you just grab the cheapest one — or the one with the most adorable chicken illustration — and head for the checkout line.

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Business
7:00 am
Tue December 23, 2014

Kentucky Christmas Tree Farmers Face Challenges

Credit http://hl-treefarm.com/

Kentucky Christmas tree growers can face a variety of challenges, both on the farm and in the marketplace. In addition to weather, weeds, and threats of disease, the state's soil is suitable for only certain types of Christmas trees.  Marla Jackson, Office Manager at Hutton and Lloyd Tree Farm says customers also tend to want taller trees.  "The larger tree, the eight to 10 to 12 foot is now pretty much, there's about as many people buying the larger trees as there are the small trees," said Jackson.

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