March 30, 2012 - 11:49pm
Kentucky unemployment dropped again in February [Opinion: The Arena]
More good economic news for Kentucky. The unemployment rate in the state dropped again in February, to 8.7%.
New data released today by the Department of Labor's Bureau of Labor Statistics show Kentucky's unemployment rate falling another tenth of a percent in February to 8.7%. These are preliminary numbers and will be revised in several weeks, as is the norm for statistical data about the...
March 29, 2012 - 11:56am
Kentucky economy blooming this Spring [Opinion: The Arena]
Promising new data shows Kentucky economy growing... with more growth on the way.
Two economic data points updated yesterday by the Federal Reserve show that daffodils aren't the only things blooming in Kentucky. As of the fourth quarter of 2011, Kentucky per capita income finally reached pre-recession levels, and the Federal Reserve's leading index forecasts Kentucky...
March 28, 2012 - 10:03am
Whenever I mention to Louisville residents that I only recently moved here, the conversation that follows is identical.
Sometimes it’s my accent – or what I refer to as my lack of accent – that gives me away as an outside. Other times the subject comes up naturally. Whatever the trigger, whenever I mention to native or established Louisville residents that I only recently moved here, the...
March 19, 2012 - 9:00am
Kentucky Unemployment Rate Falls
Kentucky's employment picture is getting better but still has a long way to go.
The Bureau of Labor Statistics has released its revised unemployment figures for January and they show that the unemployment rate in Kentucky fell two tenths of a percent, putting it at 8.8%. This extends a series of favorable reports that, since last summer, have shown a consistently improving...
December 12, 2011 - 10:30am
Federal Reserve Headquarters
When the Paul family, Ron Paul and son Rand Paul, blame the Federal Reserve and its cheap money policy during the Bush years for creating the housing bubble and the resulting financial collapse, they are only telling a fraction of truth. The bigger problem was the loophole Phil Gramm wrote into the 2000 Federal Budget that made it possible for banks to lend at ratios that were guaranteed to end in disaster.
The father and son Paul duo, Ron and Rand, have been pointing to the Federal Reserve's low interest rates, primarily under the Bush administration, as the primary factor in creating the housing bubble. If we do some root cause analysis on this, we find that the Fed's low interest rates were...
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