By Lorie Hailey
The Lane Report
Legislators ended the 2012 General Assembly without approving funding for a $4.5 billion road-building plan and a measure to curb prescription drug abuse, the Lexington Herald Leader reports. Gov. Steve Beshear said he will call a special legislative session for Monday to deal with the two issues. He also blasted Senate President David Williams, saying Kentuckians have suffered under Williams’ leadership. READ THE FULL STORY
A business process outsourcing company in Campbellsville will add 125 jobs, reports Central Kentucky News Journal. The announcement was made Thursday by Gov. Steve Beshear. READ THE FULL STORY
More Americans sought unemployment benefits last week, suggesting that the job market’s recovery remains slow, according to the Associated Press.
Weekly unemployment benefit applications jumped 13,000 to a seasonally adjusted 380,000, the Labor Department said Thursday. The previous week’s figures were also revised higher. The four-week average, a less volatile gauge, rose to 368,500. READ THE FULL STORY
Though the job market’s recovery is sluggish, there’s still plenty of money in Americans’ pockets to spend on the high school prom.
This year, families with teens are expected to spend an average of $1,078 on prom, up from $807 last year, according to data from a survey released today by Visa that includes results based on a thousand telephone interviews conducted at the end of last month, reports USA Today. READ THE FULL STORY
Spend too much money on your daughter’s prom dress? You could join thousands of Americans who are using their tax refunds to pay for bankruptcy filing and legal fees.
USA Today reports that a new study by the National Bureau of Economic Research shows that when Americans receive their tax refunds, there almost always is a spike in personal bankruptcy filings. READ THE FULL STORY
The Consumer Financial Protection Bureau, the Obama administration’s consumer financial watchdog agency, is backing off a plan to limit big upfront fees on credit cards, a move that could hit borrowers with poor credit histories especially hard, reports the Associated Press. The agency acknowledged Thursday that its proposal would increase costs for some cardholders and allow banks to charge more in fees. READ THE FULL STORY