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Federal Reserve Chairman Ben Bernanke in KC July 27, 2009

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Federal Reserve Chairman Ben Bernanke

Federal Reserve Chairman Ben Bernanke

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said Sunday that he had to hold my nose” over last year’s taxpayer-financed bailouts of big financial companies but argued that the action had to be taken to avoid a major meltdown of the U.S. financial system and the broader economy.

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Mid-Mo Recycling July 18, 2009

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Piles of computer monitors, hard drives, motherboards and other electronics fill a warehouse in Columbia, but this isn’t the home of Bill Gates or a Comp USA. It is Mid-Mo Recycling, where electronics like computers, cell phones, and televisions are broken down in their individual parts, screws included, and readied for recycling. KBIA’s Kevin Roberts shares this audio slideshow.

Tour of Missouri is On July 15, 2009

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The Tour of Missouri will not be cancelled, after Gov. Jay Nixon announced that the state will fund the professional race.

Listen now to a portion of this week’s Talking Politics show in Columbia.

Goldman’s Gain, America’s Risk: A Poster Child for Financial Insanity July 15, 2009

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From the New York Times blog, Room for Debate:

Having earned $3.44 billion in the second quarter, Goldman Sachs announced that it would be setting aside a compensation pool of $11.36 billion for the first half of 2009, or nearly $400,000 each, on average, for its roughly 29,400 employees and temporary workers. That level of per-worker compensation is close to what it was in mid-2007, when Wall Street was booming.

Many taxpayers might find the comeback of fat pay packages perplexing, especially since the federal government was throwing cash into the bank not that long ago. Is it reasonable to be critical of this kind of largess at Goldman when the rest of the economy is still floundering? Or is this a sign that the financial industry is stabilizing and that government aid is doing what it was supposed to do?

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Koster testifies before U.S. Senate on debt settlement and mortgage modification scams July 14, 2009

Posted by kbianews in Uncategorized.
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Jefferson City, Mo. — Attorney General Chris Koster
testified Tuesday at a hearing of the U.S. Senate on the increase in
mortgage-rescue and debt-settlement fraud Missouri is experiencing
during the downward economic times.  The Attorney General also outlined
for committee members his recommendations for strengthening enforcement
against fraudulent businesses nationwide.

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Tour of Missouri July 10, 2009

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The Tour of Missouri bicycle race may get canceled this year, due to budget cuts. The Department of Economic Development is recommending that the state cut its funding allocation for the race, which totals one-point-five million dollars. D.E.D. officials say they need to tighten their belt, just like other state agencies have been asked to do. The Lieutenant Governor’s office is heavily involved in the Tour of Missouri. 

Lt. Governor Peter Kinder sounded off on the decision on the Tour of Missouri’s Web site:

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My Two Cents: Vlad Rangotchev July 1, 2009

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My Two Cents, KCUR News

My Two Cents is a production of Kansas City’s KCUR News. The on-going series features people in the Kansas City area and shows how the economy is affecting them.

 

Vlad Rangotchev

Vlad Rangotchev works from the front desk of his yoga studio. He recently rented out his private office to an esthetician. He says the move has helped a lot with rent and also expanded the studio’s client base.

Elana Gordon has Vlad Rangotchev’s story. Rangotchev didn’t expect to fall in to his current career path. He was just breaking into the graphic design field, when a car accident and the loss of his job set him on a different course. Now, a few years down the road, Rangotchev says a down economy has brought new challenges to his business, but at the same time, reaffirmed his career change and even inspired some innovation.

Listen now.