Wealth Gap Between Congress and Constituents Grows

The wealth gap between average Americans and their elected representatives in Congress has widened tremendously, according to recent analysis of financial disclosures. Political observers blame stagnant employee wages and the growing cost of running for public office as one culprit behind the growing disparity. But as the the New York Times reports, nearly half of […]

Mayor’s Office Celebrates New Jobs as Piecemeal Recovery Continues

A metal company will bring part of its roofing production business to Louisville and create 23 new jobs. That’s enough to earn praise from city officials. The payroll for the jobs at Drexel Metals will be $1.5 million. The company has been offered half a million dollars in tax breaks over ten years to create […]

Local Businesses Surveyed For Impact of Bridge Closure

Greater Louisville Inc. is sending surveys to area businesses to determine the effect the Sherman Minton Bridge closure had on local business. The survey went out Tuesday to members of GLI, One Southern Indiana and several other business associations as local businesses are adjusting schedules, management, and in some cases shipping routes in response to […]

What the Jobs Report Means for Louisville

American job growth was stagnant in August. No new jobs were added and the unemployment rate remains at 9.1 percent. Indiana University Southeast Professor Uric Dufrene has weighed in on the latest report with Chris Otts at the C-J‘s Derby City Sense blog: This national slow down will be seen in Louisville numbers. For example, […]

Marketplace Special Tonight at 7pm: The Breakdown of the US Economy

It’s been a turbulent month for the markets and economies around the world. Marketplace has covered the story daily, and tonight at 7pm, Kai Ryssdal hosts a Marketplace special examining where the U.S. economy is headed and how we got here. We’ll explore what’s behind the recent market swings. Senior Editor Paddy Hirsch will offer […]

Hit to Pension Fund Not as Severe as Expected

Kentucky is reporting that losses to the state employee pension fund in recent stock market volatility weren’t as severe as first thought. The Kentucky Retirement Systems financial portfolio fell $500 million between June 30 and Aug. 9. Last week, KRS had calculated the losses for the period at $1.7 billion. That figure was inflated, according […]