1:06pm: North Koreans are mourning the death of Kim Jong Il, who died of a heart attack this weekend. The late Kim’s son, Kim Jong Un, is the heir apparent and experts say this transition period will be a challenge for the young man, who has had little time to develop a power base and […]
Tag Archives: economics
Economist Paul Coomes Qualifies Recent Recession
University of Louisville professor Paul Coomes spoke Tuesday morning at the Kentucky Association for Corporate Growth breakfast. He outlined the ways in which the current recession—although he says it has been over for a year—has been lighter than previous recessions in 1982, 1974 and The Great Depression. Coomes compared unemployment rates, average salaries, and real […]
Louisville Orchestra Not Alone In Chapter 11 Filing
Bankruptcy isn’t a new idea to the Louisville Orchestra—its leaders nearly declared it in 2006. And they wouldn’t have been alone. In recent years, ensembles in San Jose, San Antonio and Honolulu have all gone through bankruptcy proceedings.
Economists Say Gradual Recovery Likely For 2011
Ken Troske says the country’s gross domestic product is growing, but that may not offer much assurance, since unemployment remains high. As for Americans with jobs, Troske says they are unlikely to start spending again until the housing market improves.
National Conference On The Black Family Beings Thursday
The National Conference on the Black Family in American begins in Louisville Thursday.
US-China Economic Relations Must Change to Prosper
A New York Times economic writer spoke in Louisville today about the codependent relationship between this country and China. WFPL’s Elizabeth Kramer has details. (To listen to Peter Goodman’s entire talk, click on Listen to the Story.) Peter Goodman came to speak to the Louisville Committee on Foreign Relations. Goodman was previously The Washington Post’s […]
Grants Get Ayn Rand's Ideas into Kentucky Universities
The late philosopher Ayn Rand advocated abolishing all forms of government intervention in the economy. And lately, she’s been in the spotlight — with reported sales spikes of her 1957 novel Atlas Shrugged and two new books out about her. But even before markets tumbled last October, the study of Rand had been getting attention […]
Bank Executive Opposes Regulating Financial Industry
The former chief executive officer of BB&T spoke at the University of Louisville yesterday about his business philosophy, and offered opinions on current financial issues. WFPL’s Elizabeth Kramer has more. John Allison spoke at the university’s College of Business, which received a $1 million grant from BB&T’s foundation to create a course and other activities […]
More Revenue Needed For Next Budget
This week, Louisville Mayor Jerry Abramson announced $20 million in budget cuts. But with unemployment rising, markets fluctuating and millions in pension payments due next year, more cuts may be necessary.
U of L Gets $1 Million to Offer Courses on Ayn Rand's Ideas
The University of Louisville’s College of Business has received a $1 million dollar grant to create a course and other activities based on the economic philosophy of the late Ayn Rand. WFPL’s Elizabeth Kramer has more. The grant comes from the BB&T Corporation, whose CEO, John Allison, calls Rand’s novel “Atlas Shrugged” “the best defense […]