New data from the U.S. Bureau of Labor Statistics shows the jobless rate in Louisville and the surrounding area dropped last month. Unemployment in March was just over 10 percent, down from 11 percent. That represents roughly 4,500 people finding jobs. Local unemployment is still about a point higher than the national rate, and Kentuckiana […]
Financial help is available for unemployed Kentuckians having difficulty meeting their mortgages. Kentucky is one of 18 states receiving federal stimulus money from the U.S. Treasury’s Hardest Hit Fund. Kentucky’s share is $149 million dollars. Richard McQuady of the Kentucky Housing Corporation says homeowners can receive up to $20,000 or 12 months of assistance, whichever occurs […]
The Philadelphia Orchestra is the latest and largest orchestra to file for Chapter 11 bankruptcy protection. The legendary ensemble follows those in Louisville, Syracuse and Honolulu, among others, in seeking court assistance and protection to reorganize finances. As in Louisville, the musicians of the Philadelphia Orchestra opposed the declaration. They’ve suggested ways to preserve musician […]
Kentucky’s unemployment rate continues to hover around 10 percent, though it dropped slightly last month. Kentucky’s March jobless rate was 10.2 percent, compared to the February rate of 10.4 percent. In March 2010, the rate was 10.8 percent.
Update: President Barack Obama has reportedly cancelled the trip described in the story below. President Barack Obama is preparing for his fifth visit to Indiana since taking office. Mr. Obama will visit Allison Transmission in Indianapolis Friday. The plant makes transmission systems for hybrid vehicles and the president’s visit is part of his campaign to […]
Federal authorities are still investigating what caused a deadly explosion at a chemical plant in the Rubbertown neighborhood, but operators are also worried about potential job loss. The company wants to rebuild once the investigation is complete, but won’t have access to the building to asses the damage for the next two weeks. Carbide Industries General Manager John Gant says the employees are still being paid, but that could change if they can’t get the furnace fixed soon.
As the ballet faces its future, it’s dealing with a choice many performing arts organizations are struggling with…modern or classic.
Like many other arts organizations, the ballet has suffered from rises and falls in ticket sales, donations and corporate sponsorships in the last few years. The company’s next season will feature four shows, rather than five, and at least two dancers have been cut. The ballet is also selling its building to the Fund for the Arts, then leasing it back.
The meetings were meant to give citizens a chance to weigh in on the budget before the mayor finishes drafting it. Mayor’s spokesperson Chris Poynter says he was hoping to hear about wasteful spending that could be cut, but instead, most people suggested the city spend more money.
“Oh yeah, by far. Collectively, we’ve probably had 300 people at the various budget hearings and probably 98% of them have been asking for money instead of suggesting ways to reduce the budget,” he says.
Previous budgets with comparable shortfalls have led to furloughs and layoffs for city employees. Mayor’s spokesperson Chris Poynter says that’s possible again for the next fiscal year, though the mayor hopes to avoid such cuts.