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John Garen

Lexington, KY - The labor market continues to be sluggish, with the unemployment rate rising another tick last month, and most anticipate another reduction in GDP for the second quarter when the figures come out later... more

Mar 2, 2012 5:44 PM Business

Lexington, KY - Much of the rhetoric and actions of modern environmentalism are in direct conflict with what we think of as our right to privacy. This is indeed unfortunate, as a healthy natural environment and having... more

Mar 2, 2012 5:44 PM Business

Lexington, KY - We are presently in the midst of a major ramping up in the size of government. U.S. government spending is slated to rise by about 30 percent this year, with a quadrupling of the deficit. We have seen... more

Mar 2, 2012 5:44 PM Business

Lexington, KY - The economics news is persistently gloomy, and debates continue about various financial market rescue packages and economic stimulus spending. In the midst of all this, the administration and Congress... more

Mar 2, 2012 5:44 PM Business

Lexington, KY - There continues to be news of the federal government budget, with the stimulus plan, the omnibus budget bill, proposals for mortgage relief, and more talk about federal money for the financial sector.... more

Mar 2, 2012 5:44 PM Business

Lexington, KY - Some relatively good news emerged recently about the economy, though it is still too early to declare "victory" over the recession and anticipate rapid recovery. The economy is, at best, doddering along,... more

Mar 2, 2012 5:44 PM Business

Lexington, KY - You may be a bit exhausted from hearing about the economic stimulus package. If so, I don't blame you - but it is, after all, the important news of the day. The unemployment rate just took another tick... more

Mar 2, 2012 5:44 PM Business

Lexington, KY - Recessions are surely things to be avoided. And one hopes that government policy makers take the appropriate steps to do so. Lately we have been hearing from a lot of folks, both inside and outside of... more

Mar 2, 2012 5:44 PM Business

Lexington, KY - With jobs being important news in this time of recession, much of the discussion of the potential bailout of the auto industry focuses on probable job losses in that sector of the economy. Fear of job... more

Mar 2, 2012 5:44 PM Business

It seems clear that the economy is in a serious slowdown, if not a recession. The employment situation is shaky, real GDP fell slightly during the last quarter, and estimates of consumer confidence show it is declining. Much of this... more

Mar 2, 2012 5:43 PM Business

It would be a gross understatement to comment that there is a great deal of worry about financial markets lately, with the "assisted" bailout of Bear Stearns, the bankruptcy of Lehman Brothers, the problems of Merrill Lynch, and the... more

Mar 2, 2012 5:43 PM Business

Fannie Mae and Freddie Mac have long outlived any usefulness they may have had yet Congress and the administration continue to support these institutions rather than recognizing their failure and phasing them out. This is quite a tribute... more

Mar 2, 2012 5:42 PM Business

Urban areas have a host of issues to deal with, including traffic congestion, air pollution, conflicts over land use and open space, maintenance of a basic transportation infrastructure and problems associated with the urban poor. Some... more

Mar 2, 2012 5:42 PM Business

Remember the 1970s economy? Gas prices on the rise, inflation, high unemployment, and a flat stock market. Recent economic news - rising unemployment, a struggling stock market, food and gas prices heading upward, housing and mortgage... more

Mar 2, 2012 5:42 PM Business

Oh, what a tangled web we weave. Thus begins the childhood admonition regarding "when first we practice to deceive." But I'm going to discuss another tangled web: the morass of worldwide government interventions and regulations that... more

Mar 2, 2012 5:42 PM Business

Though I am not a physician, I have often heard that an important admonition to medical physicians is, "First, do no harm." Seems eminently sensible. However, when it comes to government policy regarding the health care sector, we ignore... more

Mar 2, 2012 5:41 PM Business

The subprime mortgage situation has focused our attention on issues related to housing and home ownership. Much of the recent clamor relates to the lax conditions under which many subprime mortgages were granted and the resulting problems... more

Mar 2, 2012 5:41 PM Business

You probably are a millionaire - in a manner of speaking. If you add up the earnings you have made or will make over your working life (and convert it to 2008 dollars), it most likely will come to over a million dollars. This is especially... more

Mar 2, 2012 5:41 PM Business

"Governor Beshear, in his inaugural address, outlined a sampling of Kentucky's economic problems and urged us to "take bold steps" to resolve them. I agree with the governor: Kentucky has some serious economic issues to deal with and... more

Mar 2, 2012 5:40 PM Business

"Last month, the Lexington Herald-Leader reported that $500,000 in federal funds had been earmarked for Lexington. Many local leaders seemed very pleased, as I suppose they ought to be. After all, this suggests that Lexington is getting... more

Mar 2, 2012 5:40 PM Business