Have you seen this video of John Yarmuth discussing wealth disparities and tax cuts for the richest one percent of Americans?
ear X-tacy owner John Timmons has released yet another video plea for help:
I love the store. I buy merchandise there on occasion. But until ear X and other retailers have a product that’s as simple to use as iTunes, I don’t know many of my friends who will shop there. Sure, you can buy MP3s from ear X-tacy. But next to no one knows about it.
Hope it succeeds. Just not sure it’s possible to lure people away from a more convenient and cheaper option on the internet, sadly.
If you love the Louisville Palace, this story about its rich history is terrific. [LEO Weekly]
The Ali Center is celebrating an important milestone. [FOX 41]
How many accidents have to happen in a single mine before Steve Beshear’s administration will take action? How many people have to die? Yet all you Democrats in Louisville fawn over him like he’s the second coming when Mayor McCheese is with him. [H-L]
Dining Out For Life will take place on December 1. Restaurants donating the most: Cozza, Captain’s Quarters, Simply Thai [DINE OUT]
Hundreds of hours have been put into the search for Andrew Compton’s body. That family must be devastated. [WAVE3]
There’s a benefit concert being held on December 4 at 8:00 P.M. So if you like music and want to help in the situation, here’s your chance. [Compton’s Brother]
The University of Louisville should be applauded for going completely smoke-free. [WHAS11]
It’s time for an Ask Your Legislator update. Here’s your chance to ask state legislators anything you want. [Page One]
Are you registered to vote? Having difficulty remembering? You’ve got no excuse. Check here. If you’re not registered, do so today. [Click Here]
Is Steve Schultz the guy you want leading on the Ohio River Bridges Debacle? He’s currently the executive director of the bridges “authority” but has, ahem, a problem or two.
He was vice president and general counsel of Irwin Union Bank when it went belly-up, costing taxpayers $850 million.
Columbus-based Irwin Financial Corp. (NYSE: IFC) has filed for Chapter 7 bankruptcy protection. The move comes after federal and state regulators took control of Irwin Financial Union Bank and Trust Co. and sold the assets to First Financial. The Ohio-based bank says customers with deposits at Irwin will not lose any money as it takes over the accounts.
On September 18, 2009, the Indiana Department of Financial Institutions (the “DFI”) closed Irwin Union Bank and Trust Company (“IUBT”), the state chartered bank subsidiary of Irwin Financial Corporation (the “Corporation”), pursuant to Section 28-1-3.1-2(a)(6) of the Indiana Code, and appointed the Federal Depository Insurance Corporation (the “FDIC”) as receiver of IUBT
The collapse of Irwin’s two units marks the 93rd and 94th failures this year of U.S. federally insured banks. The FDIC took on Irwin’s riskiest assets and expects to book an $850 million charge to its insurance fund in connection to the failure.
Irwin Financial had been in financial decline for more than a year, in part because of steep losses on home equity loans. Over the last six quarters, Irwin posted losses totaling more than $450 million. Founded in 1871, it was one of the state’s oldest banks.
Here (Warning: External PDF Link):
On September 15, 2009, Irwin Financial Corporation (the “Corporation”) and its principal depository institution subsidiary, Irwin Union Bank and Trust Company (“IUBT”), entered into a Cease and Desist Order (the “Order”) with the Board of Governors of the Federal Reserve System (the “Federal Reserve”) and the Indiana Department of Financial Institutions (the “DFI”).
IRWIN FINANCIAL CORPORATION (Registrant)
Date: September 16, 2009 By: /s/ Steven R. Schultz
STEVEN R. SCHULTZ
First Vice President and General Counsel
Totally the guy we need making a $4-$5 BILLION decision for us.
Check this from Phillip Bailey:
The debate over the utility of the Jefferson County judge-executive post may reignite now that state Rep. Bill Farmer, R-Lexington, has pre-filed a measure to eliminate the position for merged governments.
“Now that we have one government in Lexington, why do we need this position that draws a paycheck, gets health insurance benefits and receives retirement benefits?” Farmer says. “They’re wasting government money.”
The bill proposes a constitutional amendment that would likely be on the statewide ballot in 2012, and if approved by voters it would abolish the seat in merged governments. In Kentucky, that would only affect Louisville-Jefferson County and Lexington-Fayette County, leaving the seat in the other 118 counties.
It’s definitely a waste of space, time and money in Louisville. So why not?
Yesterday was awesome. If any of you readers saw me puking into a trash can at the airport, please accept this as my apology. And if anyone caught it on tape, I will pay you hush money. [Deep Airport Thoughts]
Can you believe it? Aaron Ramey, the oft-detested former news director at WHAS11 has found a job in South Bend, Indiana. No wonder he was begging everyone under the sun to remove every mention of him from their websites, ever, just a few months ago. Here’s betting that Jeff Guy of WBND doesn’t really know much about Ramey’s management style. [TV News Check]
University of Louisville physicians have turned to ads to attack Humana. This fight is getting dirty! [FOX 41]
The state is seeking repayment from Passport for all of that crazy spending. No wonder Passport officials freaked out in our comments section for an entire week. [H-L]
Please take a restroom break before clicking on this link. Seriously. It is wholly pee/barf-worthy. Promise. [WHAS11]
The Kentucky Association of Counties conference is in town through Friday at the Galt House. Steve Beshear and David Williams are scheduled to speak. So you can bet 95% of the entire conference will be nothing but a political campaign. [WFPL]
Jack Conway, not content with losing the U.S. Senate campaign, is once again flip-flopping on the issues and sending out email blasts about it. This time it’s Social Security. He’s trying his best to mimic Rand Paul. [Page One]
Why is everyone freaking out about this University of Louisville Speed School of Engineering billboard? More than 10,000 people have signed the petition not to kill Waterfront Park. So what’s the deal? Without engineers, the bridge could never be built. Even if we knew where to put it. Nearly everyone I talk to thinks it’s a terrific ad campaign. Only the River Fields folks take issue with it. [WAVE3]
Since I have been stricken with some sort of hell bug (how’s barfing in a trash can at the airport strike ya? No Flagstaff for me this week!), here is some fancy time wasting stuff for you to help plan outings your kids will enjoy and that you can afford.
The holiday season is already upon us — because we always start early in the US and A, especially here in the pseudo Bible Belt — and the Louisville Science Center has a ton of events to enjoy. You can check them all out for yourself, but my favorite is “Lights…Energy…Elves!” – coming up on Saturday the 27th from 1:00 to 4:00 P.M.
From the Center spokesperson: Attendees can see amazing gingerbread constructions and try it themselves by entering our Gingerbread Engineering Contest. Grand prize is 20 free IMAX passes, good for a year’s worth of IMAX films. Activities include a cool holiday science show featuring Elves Fa and La, testing freezing attributes of liquid nitrogen and exploring circuits and electricity. Science Center member tickets are $10 for children ages 2 to 12 and $4 for ages 13 to adult. Non-member tickets are $12 for children ages 2 to 12 and $6 for ages 13 to adult. Children under 2 are free. Tickets include the activities, a showing of The Light Before Christmas, and all-day exhibit admission to the Science Center.
See that? GINGERBREAD ENGINEERING CONTEST! Click here for more on that. And PLEASE share photos with me. If your work of art is, you know, gluten-free? I’d be happy to discuss the ways in which you may bribe me.
GINGERBREAD. Go do it. If you don’t have kids, I highly recommend you borrow some for this contest.
That was fast.
Check this Metro Council press release:
Louisville – David James will take the oath of office for Councilman of the Metro Council’s Sixth District on Wednesday, November 17th.
The Jefferson County Board of Elections has certified the November 2nd results of the special election and according to state law; James could begin serving as Councilman as soon as the results were certified.
The swearing in ceremony will take place at the Conrad Caldwell House, 1402 St James Ct Beginning at 6:00pm.
Jefferson Circuit Court Judge Susan Gibson will administer the oath of office.
Residents of the Sixth District and the public are invited to attend. Refreshments will be served following the ceremony.
David James isn’t just getting sworn in soon – he’s getting sworn in tomorrow.