News – Page 797 – Ranson Financial Group LLC

Local Banks Could Leave Gaps That Are Hard to Fill

info2023-03-20T07:07:36-05:00March 19th, 2023|

Tighter belts for smaller banks could count as a big problem for some parts of the U.S. The failures of Silicon Valley Bank and Signature Bank as well as questions about First Republic Bank’s future have cast a sudden pall on the banking sector. An emerging concern is that customers at community and regional banks, worrying that their deposits aren’t safe, might pull their money, putting it into money-market funds or accounts at bigger banks. Regulators’ move last Sunday to protect depositors at SVB and Signature, and big banks coming together on Thursday to shore up First Republic with a $30 billion infusion of deposit [...]

Smaller Banks’ Role in Economy Means Distress Raises Recession Risks

info2023-03-19T22:39:21-05:00March 19th, 2023|

Main Street businesses and American families are likely to find it harder to get a loan because of turmoil in the banking industry, denting economic growth and raising the risk of a recession. “The risk in terms of the spark from SVB is real,” said Greg Daco, chief economist at EY-Parthenon, a strategy consulting unit of Ernst & Young LLP. The collapse of Silicon Valley Bank set off fear among depositors that led to the failure of Signature Bank and the move to rescue First Republic Bank. Source: WSJ.com: US Business

Sedgwick residents turn out to defend their chickens

info2023-03-19T22:34:41-05:00March 19th, 2023|

A full council room of residents concerned about a proposed city ordinance to regulate chickens convinced the Sedgwick city council to table the matter until further changes were made. City staff drafted the proposed ordinance and presented it in January to the council, who chose to hold off until they could get public input. The prior ordinance limited the number of fowl to six but didn’t address coop setback limitations, according to City Administrator Kyle Nordick. He said his research showed neighboring cities with coop structure regulations ranging from 30-50 feet from neighboring dwellings, regulations of the location to include only [...]

Wichita looking at plan to shape downtown parking options

info2023-03-20T07:12:32-05:00March 19th, 2023|

If you look around downtown Wichita and you’ll see cars parked everywhere, on the street or in lots. It is something that often goes unnoticed by most but the city of Wichita thinks about parking a lot. Councilman Brandon Johnson says the city has “been looking at downtown streets and parking for quite some time and trying to get more efficient. So looking at where parking is needed, compared to where all it is, what that looks like this plan.” On Tuesday the City Council will vote on a parking plan that looks to improve parking in the city, mostly in [...]

Wichita just updated its tobacco ordinance. What’s changed?

info2023-03-20T07:13:39-05:00March 19th, 2023|

Retail stores, not cashiers, will now shoulder fines and fees when caught selling tobacco to underage customers after the Wichita City Council voted unanimously Tuesday to update the city’s tobacco retail licensing. Previously, individual cashier clerks who sold tobacco, e-cigarettes or vapes to someone under the age of 21 were fined $55 for a first offense, $100 for a second, and $150 for any subsequent offenses — an approach that critics say inappropriately shifted blame away from management. Source: KLC Journal

Why Sedgwick County plans to burn parkland

info2023-03-19T22:28:10-05:00March 19th, 2023|

Sometime in the next three weeks, drivers may see smoke coming from the northeast corner of Sedgwick County. The Sedgwick County Parks Department plans to do a controlled burn at Northeast Sedgwick County Park, at 127th Street East and 77th Street North. Many people may not realize there is a park in that corner of the county. It's 600 acres of grass and woods. The County website encourages people to use it for hiking, walking dogs, and riding horses. There's even a YouTube video for the park. Source: KSN-TV

Southeast Kansas museum celebrates railroad history

info2023-03-19T22:25:52-05:00March 19th, 2023|

More people are now able to check out a museum in southeast Kansas that celebrates railroad history. The Heart of the Heartlands Railroad Museum in Carona has expanded its hours. It had only been open a few weekends during the summer. It's now open 5 days a week -- Wednesday through Sunday -- 10 a.m. to 4 p.m. on those days. Museum Director John Chambers says the railroads played a important role in developing the area. Source: KSNF/KODE

City of Emporia enters home stretch in search for next Assistant City Manager

info2023-03-20T07:14:40-05:00March 19th, 2023|

The search for Emporia’s next Assistant City Manager has reached the final stages. Finalists for the position met with four panels as part of the selection process Friday morning. The city is not releasing the names of the finalists in order to protect current employment, regardless, City Manager Trey Cocking tells KVOE News this will not be an easy decision as each candidate brings a unique set of skills to the table. Cocking says the chosen candidate will be stepping into the role at a time when several large-scale projects are currently in the works or underway and will have to [...]

Residents of Lawrence’s Pinkney neighborhood concerned about plans for homeless shelter site

info2023-03-20T07:15:06-05:00March 19th, 2023|

Residents of Lawrence’s Pinkney neighborhood and staff at a nearby preschool are questioning the site where the city plans to place a “village” for people experiencing homelessness, and how the project would be managed. The city has its sights set on the former location of Veritas Christian School, 256 N. Michigan St., for its Pallet Shelter Village. The land purchase and project, estimated at $1.84 million and to be paid from federal COVID-19 relief funds, is now on a timeline to provide temporary cabin-style sheltering for up to 75 people starting this July, pending Lawrence City Commission approval. Source: The Lawrence [...]

Local businesses playing a role in Hutchinson economy after recent layoffs

info2023-03-19T22:15:35-05:00March 19th, 2023|

Recent closures and layoffs in Hutchinson have brought up questions about the local economy and the future of the town. The director at StartUp Hutch says that local businesses are often overlooked in how they drive the local economy, and those businesses are providing jobs that are different than those at a corporation. Jackson Swearer says the local businesses are typically run by people right there in the community, having an impact on more than just their customers. Source: KSN-TV