Archive for the 'Wall Street' Category

Madoff made off with their loot, while investors snoozed

Friday, March 27th, 2009

The Bernie Madoff scandal was a strong undercurrent that surfaced during the 2009 Bluegrass Business Summit on Thursday.
How can investors avoid being ripped off by the likes of Madoff?
A titan among Wall Street investment fund managers, Madoff has confessed to running a Ponzi scheme that may have clipped his clients for $50 billion over the [...]

Stock prices down? Look at the bright side

Thursday, February 5th, 2009

University of Kentucky economist Ken Troske told the audience at the 20th Annual Economic Outlook Conference on Tuesday that the value of his retirement savings account had taken a beating due to falling stock prices in 2008.
The Dow Jones average dropped 35 percent last year, he said, but there was a silver lining.
“It’s good I [...]

“Lights! Camera! Action!” The Biz Quiz is on the air!

Friday, November 7th, 2008

The University of Kentucky has chalked up another first — in business, not basketball.
A team from UK’s Gatton College of Business and Economics has been invited for the first time to compete in the prestigious Wall Street Journal National Biz Quiz at Ohio State University Nov. 15-16.
Only 24 universities were selected, including Southern Cal, Texas, [...]

Kentucky gambles and wins on Wall Street

Friday, October 17th, 2008

When the history of the current national financial crisis is written, Kentucky may emerge as something of a pioneer in (of all things) the Wall Street bond market.
At the same time, the state may have gotten a good deal for the taxpayers.
“On Oct. 7, Kentucky sold $400 million worth of bonds to finance education and [...]