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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 16, 2022
Page
8
The Commerce Department reports monthly U.S. retail sales likely up 0.4 percent after a 3.8 percent surge in January. Economists note Americans spent more in restaurants and stores despite inflation as sanctions against Russia widen.
Technology firms led a broad market advance on Tuesday while oil prices fell sharply for the second day and inflation concerns eased. The S&P 500 snapped a three day decline as investors digested mixed earnings from Coupa Software and Winchester maker OLN. Wingstop sank after CEO Charlie Morrison stepped down to lead Salad and Go.
The governor’s recommended budget would fund about a quarter of KU’s 2023 pay raises, requiring use of reserves for the rest and barring tuition hikes in 2023. KU plans 3 percent hikes from 2024 onward, pending Kansas Board of Regents approval. Risks include plan execution, political setbacks to the higher education budget, or KU’s potential loss of Big 12 membership, which could cost at least $37 million in conference fees. Leaders Girod and Eichelmeyer endorse a multiyear plan to invest savings in wages and salaries, calling the plan doable and essential for the university’s future.
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