KASU

economy

This is the 6:04 KASU newscast for Wednesday, October 4th.  

This is the 6:04 KASU newscast for Tuesday, October 3rd.  

Potential operators of medical marijuana cultivation facilities and dispensaries came together at a half-day symposium in Little Rock Wednesday to discuss their expectations of what the new industry will be like.

Among the attendees was TV host Montel Williams, who gave the keynote address at the event organized by the Arkansas Medical Marijuana Association. Williams has multiple sclerosis, and has long advocated for medicinal cannabis use. His visit had added significance, since he recently accepted a position on the association’s board.

This is the 6:04 KASU newscast for Thursday, September 21th.  

Wikipedia

NEW YORK (AP) — Walmart won't be doing large-scale holiday hiring at its stores this year. Instead, like last year, it will offer extra hours to its current workers.

The nation's largest private employer says, however, that it will be taking on more temporary workers at its distribution centers. But it's not giving a number yet for its planned holiday hires at the centers.

So far, the retailers have detailed mixed hiring plans for the holidays.

This is the 6:04 KASU newscast for Wednesday, September 20th.  

For interested onlookers like Arkansas Energy Office program manager Chet Howland, the filing today by the Net Metering Working Group is a not-unexpected, slight disappointment.

The group is the creation of the Public Service Commission (at the request of the General Assembly) to examine net metering: the practice of pushing the electricity generated by windmills or solar power systems back onto the grid, and getting credit for it from energy utilities.

Would-be growers and distributors of Arkansas' initial medical marijuana crop have flooded a state office building waiting for their turn to submit applications.

Ahead of Monday afternoon's deadline, there was about a three-hour wait for applicants at the Department of Finance and Administration Building. Agency spokesman Scott Hardin said that before noon, the office had distributed paperwork to more than 100 groups or individuals. Fewer than half the applicants had been called in for clerks to review paperwork to ensure it was in order.

This is the 6:04 KASU newscast for Tuesday, September 19th.  Here are the stories reported this morning:

This is the 6:04 KASU newscast for Monday, September 18th.  Here are the stories reported this morning:

NPR

LITTLE ROCK, Ark. (AP) — A government agency survey says the percentage of Arkansas residents with health care insurance is on the rise, putting the state above the national average.

The number of uninsured residents dropped last year by almost 46,000 to nearly 231,800, according to the survey conducted by the U.S. Census Bureau.

Mortgage backers Freddie Mac and Fannie Mae have recently changed lending rules to give more leeway to borrowers like Kristen Griffin with high student loans.

Griffin is a librarian at Nemo Vista High School in Center Ridge. She and her husband Mark are window-shopping on Zillow while their 2-year-old son Fletcher sleeps nearby.

This is the 6:04 KASU newscast for Thursday, September 14th.  Here are the stories reported this morning:

The seal for the Delta Regional Authority courtesy of Wikipedia
Wikipedia

LITTLE ROCK, Ark. (AP) — The White House has nominated a member of U.S. Sen. John Boozman's staff to serve as co-chairman of the Delta Regional Authority.

Officials announced the nomination Wednesday of Chris Caldwell, who now serves as director of special projects for Boozman. The Delta Regional Authority is a federal-state partnership that works to improve regional economic opportunity in the Mississippi River Delta region.

This is the 6:04 KASU newscast for Wednesday, September 13th.  Here are the headlines reported this morning:

NASHVILLE, Tenn. (AP) — Officials say people from out of state who expect to be in Tennessee for an extended period because of damage to their homes or workplaces by Hurricane Irma can file for unemployment insurance.

Tennessee Labor and Workforce Development Commissioner Burn Phillips said in a news release that the state wants to make sure people staying in Tennessee have information they need to receive unemployment benefits they're entitled to.

This is the 6:04 KASU newscast for Tuesday, September 12th.  Here are the headlines reported this morning:

DUMAS, Ark. (AP) — A Luxembourg-based company that makes chassis-related systems for trailers, trucks, buses, and recreational vehicles has announced plans to expand its operations in southeastern Arkansas.

SAF-HOLLAND officials said Tuesday the company will open a new facility in the old Federal-Mogul building in Dumas and expand its workforce by about 65 employees.

The company says the plant currently has 143 employees.

The company says the expansion is due to an increase in business among its current customers.

Economy
Pixabay

Despite slow growth in the beginning of 2017, the economy is expected to be stronger for states in the Mid-West and Plains, which includes Arkansas and Missouri.  That's according to a recent Creighton University economy report

One person in Arkansas has been paying close attention to the state's economy—the Executive Director of the Arkansas Economic Development Commission, Mike Preston. 

The federal agency tasked with economic development in the Delta is without a leader. It’s up to President Donald Trump to appoint a new federal co-chairman for the Delta Regional Authority. The DRA’s supporters are hoping for the President to act quickly so that tens of millions of dollars can be freed up for investment. But the Trump’s budget proposals have called for eliminating the authority entirely.

OMAHA, Neb. (AP) — A monthly survey of business leaders suggests that business conditions worsened last month but that the economy will pick up over the next few months in nine Midwestern and Plains states, according to a report issued Tuesday.

The Mid-America Business Conditions Index dropped to 56.1 in July after reaching 62.3 in June. The May figure was 55.5.

Little Rock's annual music festival, Riverfest, is suspending operations after four decades.

The Riverfest, Inc., board of directors announced Tuesday that 2017 was the last year for the music festival in downtown Little Rock and North Little Rock. The festival's executive director, DeAnna Korte, says rising costs and more competition from other festivals made it difficult for Riverfest to continue.

Korte says hot and rainy weather in May and June also affected Riverfest's ability to be successful.

Wikipedia

HOT SPRINGS, Ark. (AP) — A group from Little Rock is acquiring the Arlington Hotel in Hot Springs for an undisclosed amount of money.

The Hot Springs Sentinel-Record newspaper reported Monday (http://bit.ly/2ubw3EX) that Sky Capital Group LP is buying the state's largest hotel from Southwest Hotels Inc., which has operated the hotel since 1954.

The Arlington Hotel has 478 rooms, along with a spa, a bathhouse, a convention center, ballroom and a lobby bar. Sky Capital also operates the Four Points Sheraton in Little Rock.

Local leaders are scrambling for solutions in the wake of a mass shooting at a Little Rock night club earlier this month. The Pulaski County Quorum Courts is considering during Tuesday’s meeting on a resoultion encouraging cities to place a 180 day moratorium on musical performances deemed to encourage violence.

Low unemployment, affordable housing, strong healthcare access and below-average poverty rates are the positives in the Little Rock Metropolitan area. Some negatives: a high crime rate, fewer professional and technical jobs than other cities, low employment specialization, and slow growth in the ratio of large to small businesses. That’s according to the University of Arkansas at Little Rock Arkansas Economic Development Institute’s fourth annual Little Rock Metro Report Card, released Thursday.

Pages