Kentucky

Government
8:17 am
Fri August 31, 2012

Pew report cites $23B shortfall in KY public pensions

Wikimedia Commons

A new report shows Kentucky has a more than $23 billion shortfall in what should have been set aside to fund pensions for retired state employees.  The Pew Center for the States and the Laura and John Arnold Foundation released the report Thursday.   The report says the shortfall is more than twice the amount of all revenue generated from state taxes in the Commonwealth last year.  Public Pensions Task Force co-chairs, Republican Senator Damon Thayer and Democratic Representative Mike Cherry, say fixing the problem will require hard choices, good information and thoughtful analysis.   The T

Morning Cram
9:58 am
Fri August 24, 2012

the morning cram [electric Oatmeal edition]

Tesla's Wardenclyffe Tower on Long Island, circa 1902.
Wikimedia Commons

Today on NPR: Internet Cartoonist Helps Raise $1 Million for Tesla Museum

Kentucky:

Unemployment is down in most Commonwealth counties.

U.S. DOE settles with Bechtel Jacobs over radioactive waste disposal at USEC.

Government
9:50 am
Fri August 24, 2012

Kentucky Releases Unemployment Rates

iStockPhoto

Kentucky’s latest unemployment figures show widespread improvement in July. The Office of Employment and Training reports jobless rates fell in 97 counties. Rates increased or were unchanged elsewhere.  

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Politics
9:38 am
Thu August 23, 2012

Kentucky Pension Task Force Tackles Shortfall

A task force looking for ways to cover Kentucky's $19-billion public pension shortfall will explore the idea of borrowing enough money to bridge the gap through the sale of government bonds. The Task Force on Kentucky Public Pensions is expected to review that option at a meeting in September. 

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Culture
4:00 am
Fri August 17, 2012

New Historical KY smartphone app

A new smart-phone app offered by the Kentucky Historical Society allows tourists access to the history behind roadside markers.   The aim is the weave a historical story.  Sally Warfield, who’s a Digital Media Specialist with the Kentucky Historical Society, says the new app connects communities by demonstrating their shared history.

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Business
2:08 pm
Thu August 16, 2012

Keith Hall and KY's Coal Deal with India

The involvement of a state representative in a major coal deal in Kentucky is raising some eyebrows.  The $7 billion contract signed yesterday creates a 25-year standing order to ship 9 million tons of Kentucky coal annually to India. Pike County Representative Keith Hall was instrumental in brokering the deal—but he also has several coal-related businesses. He also sits on the board of FJS Energy—the New Jersey-based company that signed the contract. Hall says his involvement in the deal was both as a state lawmaker and a businessman.

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Business
4:00 am
Thu August 16, 2012

TN hopeful that state follows KY's wine sales ruling

Some Tennesseans hope their state will change alcohol sales regulations at grocery stores after a federal court in Kentucky found beer only sales at grocery stores unconstitutional. Tennessee Grocers and Convenience Store Association President Jarron Springer says the current law is outdated, and that Tennessee is missing out on 30 million dollars of annual revenue with the low alcohol content level.

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Environment
3:54 pm
Wed August 15, 2012

Hickman Dredging Ongoing

The Army Corps of Engineers is dredging the Elvis Stahr Harbor at Hickman, Kentucky this week. Low water levels on the Mississippi River have led to a buildup of silt on the harbor. It has been closed for over a month. 

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Business
3:45 pm
Wed August 15, 2012

KY's ruling on wine sales in groceries may affect TN revenue

The recent federal court ruling that Kentucky’s law against selling wine in grocery stores is unconstitutional may affect a similar law in Tennessee. Tennessee Grocers and Convenience Store Association President Jarron Springer says their campaign “Red, White and Food” has long addressed this and that Kentucky’s court ruling will hurt Tennessee’s revenue if it doesn’t soon follow suit.

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Environment
3:25 pm
Wed August 15, 2012

Abramson Pushes for Clean Energy

Chad Lampe

Kentucky's Lieutenant Governor is pushing clean energy. In a speech to energy officials Wednesday, Abramson said the state is lacking green initiatives, and it needs to adapt as coal's decline continues.

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