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| High-end homeowners moving to condos Sun, 06 Jul 2008 02:49:00 EST For generations, the most expensive homes in Jefferson County have been sprawling mansions in neighborhoods such as Glenview, Mockingbird Valley and Indian Hills. But that's starting to change. Video: Living the Louisville high life |
| Deal reached, Ellis Park to reopen Friday Sun, 06 Jul 2008 02:51:00 EST Ellis Park in Henderson, Ky., will reopen for racing Friday after owner Ron Geary and a horsemen's group reached an agreement yesterday on revenues from account-wagering bets made online and by telephone. |
| 'Red alert' for Ford, GM Sun, 06 Jul 2008 02:19:00 EST Every morning, just after getting coffee, Mark Fields fires up his laptop to pore over a computer model showing real-time U.S. auto-sales figures. On this morning in mid-May, the man who heads Ford Motor's Americas operations has seen enough. |
| Internet's TwitLit is a hit Fri, 04 Jul 2008 22:26:00 EST Courtesy of the Internet is the latest literary genre: TwitLit. The micro-blogging service Twitter, which sends messages of 140 characters or less, inspired a contest of extra-short short stories, in the spirit of Ernest Hemingway's famous six-word masterpiece, "For sale: baby shoes, never worn." |
| Hello Kitty rediscovers its roots Fri, 04 Jul 2008 22:27:00 EST Hello Kitty -- Japan's most famous feline -- is rediscovering its cultural roots. Upcoming products include digital cameras shaped like a cat's head to stationery featuring the bubble-headed mascot in Kabuki outfits, all to emphasize the mascot's "Japanese-ness," says Sanrio Co, which makes Hello Kitty products and licenses her image. |
| Graduates need to go on a strict debt diet Fri, 04 Jul 2008 22:31:00 EST Many college graduates will soon be wondering if they should pay off their student-loan debt aggressively or make monthly payments for the next 10 years or even decades to come. |
| Browser for Zackary Fri, 04 Jul 2008 22:29:00 EST John LeSieur is in the software business, so he took particular interest when computers seemed mostly useless to his 6-year-old grandson, Zackary Villeneuve. The boy has autism, and the options presented by a PC so confounded him that he threw the mouse in frustration. |
| Student loan changes lower rates, raise amounts Fri, 04 Jul 2008 22:31:00 EST Changes in the federal student aid program that took effect last Tuesday will lower interest rates for some students while increasing the amounts they can borrow. Among the biggest changes, the interest rate on new, subsidized Stafford loans to undergraduates drops from 6.8 percent to 6 percent. |
| High costs putting company in a jam Fri, 04 Jul 2008 22:30:00 EST Jams and jellies producer J.M. Smucker Co. saw its fiscal fourth-quarter earnings fall 13 percent to $37.1 million because of higher raw-material costs and a comparison with its results from a year ago, when its Jif peanut butter brand got a lift from a competitor's recall. |
| Alternative energy not impacting power rates Fri, 04 Jul 2008 22:31:00 EST My power company is raising rates, and blaming coal and natural gas prices. But given all the wind farms and solar projects, shouldn't electricity rates be falling? |
| Alltech Festival seeks big names Sun, 06 Jul 2008 04:28 EDT Seven concerts and performances have been booked for the Alltech Festival in 2008 and three more for 2009, but the program's director says that's just the beginning. .We are going to see if we can pull off a big one in 2009. that will lead up to a statewide entertainment crescendo surrounding the Alltech FEI World Equestrian Games in 2010, said Thomas Stephens. Stephens' boss, Alltech President Pearse Lyons, spoke of U2, The Eagles or maybe even The Rolling Stones when he introduced the idea of the festival in January. Stephens, 33, a Lexington native and Loyola-trained lawyer, won't promise to reach such lofty heights after being on the job just two months. |
| Concrete pushed as paving alternative Sat, 05 Jul 2008 05:23 EDT It's time for concrete to be given more consideration when it comes to road projects in Kentucky, say people in the concrete industry. Concrete has gone up in price, but not as much as asphalt has, and so now the two are more competitive when it comes to up-front costs, people in the concrete industry say. And when lifetime maintenance costs are taken into consideration, concrete is, and has been for years, usually the better bargain, they say. .Budget constraints can force officials to make decisions for the short term, rather than the long term,. said Finley Messick, executive director of Kentucky Ready Mixed Concrete Association. |
| Oil prices drive road construction into rough patch Sat, 05 Jul 2008 07:48 EDT To put it simply, the cost of laying down a fresh layer of blacktop is getting a lot more expensive. The cost of asphalt, a petroleum-based product, like gasoline and diesel fuel, has gone up dramatically over the past three years, which means that some state road projects might get done later, rather than sooner. .The increase in the case of asphalt is really going to affect our future projects,. said David Thacker, spokesman for the state highway department's District 7, which covers 12 Central Kentucky counties, including Fayette. .The number of miles we can resurface is going to drop. We just don't have the funding to do the same amount as in the past ... in the same amount of time.. These days, 1,000 tons of asphalt used for a half-inch- to inch-thick top layer of a one-mile stretch of roadway that's 24 feet wide, costs about $58,930. Last year, the cost was $54,640, Thacker said. |
| Kroger to sell LexTran passes Sat, 05 Jul 2008 02:18 EDT Lexington Transit Authority and 18 area Kroger stores are teaming up to make buying bus passes a little easier. Starting July 14, 30-day unlimited passes will be available at 12 Krogers in Lexington and six other stores in Versailles, Nicholasville, Winchester and Richmond, LexTran spokesman Dave Riggins said. Each pass costs $30, the same price that customers pay now at LexTran's headquarters on Loudon Avenue or its Vine Street transit center. .With increasing ridership, we're doing everything we can to work out relationships to make public transportation more accessible,. Riggins said. .Getting on a bus should be an easy thing to do, and that's our whole focus right now.. |
| Wall Street gets ready for earnings, oil moves Sun, 06 Jul 2008 20:41 EDT Investors battered by surging energy prices, disappointing economic data and the ongoing credit crisis will have something else to worry about this week - second-quarter corporate results. The unofficial start to earnings season takes place Tuesday when aluminum producer Alcoa Inc. posts results. General Electric Co. on Friday will also be among the companies reporting. The pair of Dow Jones industrials could give Wall Street a glimpse of what to expect when hundreds of other companies report results throughout the month. Not only are investors concerned that companies can't beat already lowered expectations, but they'll also be focused, undoubtedly with some skepticism, on what corporate executives forecast for the second half of 2008. "The earnings, which are a reflection of the economy in general, have been going down and unfortunately there's a lot of concern it will go down a lot more," said Howard Silverblatt, Standard & Poor's senior index analyst. "How long can they continue through the storm? Nobody believes the 'worst is behind us' comments from the CEOs because they can't predict where this economy is going." Earnings from members of the S&P 500 are forecast to be down 10 percent for the second quarter. The nation's banks and brokerages are likely to lead the pullback with another disappointing quarter. |
| NBC Universal to buy The Weather Channel for $3.5B Sun, 06 Jul 2008 20:41 EDT NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark Communications Inc., ending a drawn-out process that had attracted interest from several major media companies. Financial terms weren't disclosed, but a person familiar with the matter who insisted on anonymity said the purchase price was $3.5 billion in cash. NBC was joined in the deal by the private equity firms The Blackstone Group LP and Bain Capital LLC. In addition to The Weather Channel, which can be seen by 97 percent of U.S. cable subscribers, the deal also includes several related assets such as weather services for newspapers and radio stations and the widely used Web site Weather.com. NBC Universal, a unit of General Electric Co., became the sole bidder for The Weather Channel last month after Time Warner Inc. dropped out. CBS Corp. and cable industry leader Comcast Corp. had also expressed interest earlier. NBC already operates a digital weather and news service called NBC Weather Plus that was launched in 2004 and would make a logical fit with The Weather Channel. NBC Weather Plus is owned by NBC and its affiliated TV stations and can be seen on digital cable services and digital subchannels operated by NBC stations. |
| Bush defends decision to attend Olympics opening Sun, 06 Jul 2008 11:50 EDT President Bush spoke out Sunday on the Beijing Olympics and North Korea's abduction of Japanese citizens, two sensitive issues in Asia, before turning attention to global talks on the Earth's rising temperature and oil prices. He defended his decision to attend the opening ceremonies next month despite boycott plans by other leaders over China's human rights record. "The Chinese people are watching very carefully about the decisions by world leaders, and I happen to believe that not going to the opening ceremony for the games would be an affront to the Chinese people, which may make it more difficult to be able to speak frankly with the Chinese leadership," the president said. At a news conference with Japan's prime minister, Yasuo Fukuda, Bush also sought to soothe emotions about the abductions, a matter entangled in the nuclear standoff with North Korea. Japanese citizens are upset about the U.S. move to remove North Korea from the State Department's terror blacklist in exchange for the North's decision to admit to some of its nuclear weapons work. As a condition for sending aid and improving relations with the impoverished North, Japan long has pushed for the resolution of North Korea's kidnappings of Japanese citizens in the 1970s and 1980s. The abductees apparently were used to train North Korean agents in Japanese language and customs. Bush recalled a White House meeting a few years ago with Sakie Yokota, the mother of a 13-year-old Japanese girl kidnapped by North Koreans agents on her way home from school in 1977. |
| South Korea to limit public servants' vehicle use Sun, 06 Jul 2008 01:55 EDT South Korea will limit vehicle operations by public servants as part of an energy-saving campaign. Prime Minister Han Seung-soo said Sunday that officials in more than 800 public institutions will be allowed to use their vehicles every other day, beginning July 15. South Korea says the measure will remain in place until surging oil prices stabilize. Resource-poor South Korea imports virtually all of its oil and has been intensifying what it calls energy diplomacy to secure stable supplies amid rising prices. |
| China premier: Continue inflation fight Sun, 06 Jul 2008 12:20 EDT China's premier called for continued vigilance against inflation that has reached 12-year highs, saying the government should ensure that price increases are "acceptable," a state-run news agency reported Sunday. Premier Wen Jiabao, the country's top economic official, made the comments during a three-day tour of eastern China's Jiangsu province and the financial capital of Shanghai, apparently as a reminder for local officials not to get complacent. Although China's economy is developing in the right direction, fighting inflation remained a major task, Xinhua News Agency cited Wen as saying. All levels of government should work to avoid serious fluctuation in the economy, including efforts to make price increases "acceptable" for both industries and the public, Wen was quoted as saying. Inflation jumped in mid-2007 as China ran short of pork, grain and other food items. |
| Alltech Festival events Sun, 06 Jul 2008 06:56 EDT July 30: Alan Jackson at Applebee's Park, Lexington. Sept. 9: An Evening With Liza Minnelli at Kentucky Center for the Performing Arts, Louisville. Oct. 4: Jazz at Lincoln Center Orchestra with Wynton Marsalis at Singletary Center, Lexington. Oct. 23: Song and Dance Ensemble of West Africa at Singletary Center. |
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