The study, “New Americans in Kentucky,” was published this week by the Kentucky Center for Economic Policy. It found that immigrants make up 3 percent of the state’s population, with one-in-five immigrants to Kentucky originating from Mexico. Kentucky’s immigrant population grew faster than all but six states from 2000 to 2012.
The new Environmental Protection Agency rules seek to cut carbon emissions by 30 percent by 2030. State's heavily dependent on coal, like Kentucky, are expected to have some flexibility in meeting a new standard. Still, Kentucky Coal Association President Bill Bissett believes an already diminished eastern Kentucky mining industry would suffer more job losses and says the potential impact goes beyond the coal fields to all manufacturers.
The Kentucky Chamber of Commerce has released a report detailing the state’s economic recovery following the 2007 recession.
The study, conducted by the Chamber’s Senior Economic Advisor Dr. Paul Coomes, looks at data from local fiscal reports and federal databases covering wage and salary growth, job growth and housing market indicators.
St. Louis Fed President James Bullard, left, speaks to the Rotary Club of Paducah on Wednesday, Aug. 14, 2013 at the Paducah Convention Center. Bullard discussed changes in the Fed policy and the ongoing debate about tapering quantitative easing, which is the purchasing of mortgaged-backed securities and US treasury securities to spur the economy.
The St. Louis Federal Reserve President says the Fed continues to fine tune financial policies in the continued sluggish economy.
In comments today to the Paducah Rotary Club, President James Bullard said the Fed's lending rate will remain near zero until one of two thresholds are met - the unemployment rate drops below 6.5 percent, or inflation reaches 2.5 percent.
U.S. Senator Rand Paul says he agrees with President Barack Obama’s main point that all Americans must work together to turn around the economy and reduce debt. But speaking to a Rotary club in Horse Cave Monday, Paul said he doesn’t agree with the approach the president wants to take: increasing taxes on the wealthy.
A representative from the city of Wickliffe is among Mississippi River town leaders meeting this week to discuss federal lobbying efforts. The newly-formed Mississippi River Cities and Towns Initiative is meeting in St. Louis to talk about water quality, floodplains, and recreational and environmental protection.
A new report says college students in America are a trillion dollars in debt. Kentucky has seen a similar increase where annual student-debt climbed from $324 million in 1999 to almost $1.2 billion a decade later. Erin Klarer, who’s a vice president with Kentucky Higher Education Assistance Authority, still says taking on such debt can sometimes be the right choice.
“You know we don’t want to blanket that all debt is bad but we do at KHEAA we want to encourage responsible borrowing,” said Klarer.
Kentuckians are just beginning the gauge the economic cost of the weekend’s disaster. A more complete picture will become apparent once damage assessments are complete. However, there are economic trends that follow a tornado. For example, economist Kevin Timmons says full recovery is likely. In fact, Timmons says some communities re-invent themselves after devastating weather. He spoke with reporter Charles Compton.
Kevin Timmons is a professor of economics at Austin College in Texas. He’s co-author of “The Economic and Societal Impact of Tornadoes” and “Deadly Season.”