Greenspan Signals Fed May Boost Economy
Federal Reserve Chairman Alan Greenspan told the Council on Foreign Relations the Fed would not be out of business in stimulating the economy even if the key rate drops to zero. Private economists expect further rate cuts if needed to prevent a recession, while October CPI rose 0.3 percent led by transportation and healthcare costs. The Commerce Department reported a September trade deficit of 38.03 billion dollars, reflecting strong demand for foreign cars and aircraft, though the August deficit was revised from a record high.
MENTIONED IN THIS ARTICLE
Federal Reserve
Alan Greenspan
Fed
Greenspan
Council On Foreign Relations
Labor Department
Commerce Department
Kansas Chamber names new president and CEO
The Kansas Chamber of Commerce and Industry selects S. Lewis Ebert of the Pennsylvania Chamber of Business and Industry as the new president and CEO. He will start January 1, replacing John Fowler who left in July for Stillwater. Chairman Dale Davis says the move should raise the chamber's prestige in business and lobbying circles. Ebert previously handled marketing member services and government and media relations in Pennsylvania.
MENTIONED IN THIS ARTICLE
Pennsylvania Chamber of Business and Industry
Kansas Chamber of Commerce and Industry
S. Lewis Ebert
Kansas Chamber
John Fowler
Chamber of Commerce
Stillwater
Ohlo
KCCI
Dale Davis
Ebert
Pennsylvania
Aquila Inc. rated junk by S&P amid restructuring costs
Kansas City based Aquila Inc. had its credit rating cut to junk by Standard & Poor's on concerns over restructuring costs and low power prices harming earnings as it exits the merchant energy business. CEO Richard C. Green Jr. warned the downgrade could trigger up to 238 million in debt payments, though he said cash reserves cover needs.
MENTIONED IN THIS ARTICLE
Kansas City
Aquila Inc
Standard & Poor
Aquila
Richard C. Green Jr
North Lawrence shop eyes market for miniature horses
A small North Lawrence business plans a Thursday launch to tap a growing market for miniature horses. The venture aims to attract hobbyists and families seeking compact equines and related supplies.
MENTIONED IN THIS ARTICLE
North Lawrence
Lawrence sees October as best month for new homes this year
Lawrence builders issued 43 permits for new single family homes in October led by JMC Construction owner John Chaney with 24 permits for North Lawrence starter homes along Hickory North and Lake. October total 9.60 million in projects, year to date 115.87 million, the lowest 10 month total since 1998. Best Buy store project at 31st and Iowa valued at 2.17 million.
MENTIONED IN THIS ARTICLE
Lawrence
John Chaney
JMC Construction
Chaney
North Lawrence
Hickory
North
Lake Streets
Best Buy
31St
Iowa Streets
Harris Construction
Hay short supply and high prices hit Kansas cattlemen
In Kansas drought left hay production down and prices near record highs. Eastern areas kept some grass hay while the west faces short supplies. Cattlemen cut herds and worry about a harsh winter as rains return and markets adjust.
MENTIONED IN THIS ARTICLE
Morgan
Kansas
Henry Morgan
Greeley
Kansas jobless rate inches up in October
Unemployment in Kansas rose to 4.6 percent in October from September, with 66,700 jobless and 3,900 more unemployed. Three metro areas climbed while Lawrence held at 4.1 percent. Topeka rose to 4.3 and Kansas City metro up to 5.2. Lawrence added about 1,200 jobs to a 57,500 level as KU nonteaching staff returned.
MENTIONED IN THIS ARTICLE
Topeka
Kansas
Bill Layes
Layes
Lawrence
City
Kansas University
Jefferson County
Franklin County
Leavenworth County
H and R Block to settle Texas class action over kickbacks
H and R Block says it will settle a Texas class action alleging kickbacks from banks for loans to clients awaiting tax refunds. The proposal offers five $20 coupons for five years plus software and a $14.95 tax planning book, with a potential $262 million cost if all coupons are redeemed annually. A Texas judge must approve the accord.
MENTIONED IN THIS ARTICLE
Kansas City
H&r Block
Texas
Block
Also Mentioned on This Page
Chamber Kansas Business Group
Clawhorn
Jworld.com
Chad Lawham
Wichita
Tom Morgan
Olathe
Wanda Cobb
Afia-Alfalfa Processors Council
Hineman
U.S
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