economy

Business
4:34 pm
Wed August 14, 2013

St. Louis Federal Reserve President 'Fed Policy Has Been in Flux'

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.
Credit John Paul Henry

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.

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Politics
7:03 am
Mon January 21, 2013

McConnell Not Talking About Guns

Senate Minority Leader Mitch McConnell ignored the hot-button issue of gun control during a speech in Lexington, instead discussing the nation's debt problem.

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Politics
6:41 am
Tue October 2, 2012

Senator Rand Paul Says Entitlements, Not Taxes, Are Key to Balancing Budget

Wikimedia Commons

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.

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Government
4:29 pm
Wed September 12, 2012

Wickliffe Among Towns Involved in New River Initiative

2008 National Park Service

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.

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Student Debt
2:55 pm
Mon March 26, 2012

College Student Debt Surpassing $1.2 Billion Kentucky

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.

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Kentucky Tornadoes
1:13 pm
Mon March 5, 2012

Tornadoes in Kentucky Could Fuel Community "Re-Invention"

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.”

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