Dimon warns that the Fed could still raise interest rates sharply from here

JPMorgan Chase CEO Jamie Dimon is warning that interest rates could go up quite a bit further as policymakers face the prospects of elevated inflation and slow growth. Though Federal Reserve officials have indicated that they are near the end of their rate-hiking cycle, the head of the largest U.S. bank by assets said that may not necessarily be the case. In fact, Dimon said in an interview with The Times of India that the Fed’s key borrowing rate could rise significantly from its current targeted range of 5.25%-5.5%. He said that when the Fed raised the rate from near-zero to 2%, it was “almost no move,” while the increase from there to the current range merely “caught some people off guard.”
Source: CNBC

2023-09-27T09:45:51-05:00September 27, 2023|News|

Wellsville schools celebrate completion of $18.1 million improvement project

Ryan Bradbury took a moment Saturday to celebrate an achievement that took years to reach. All of those hours spent in meetings, researching, checking and double-checking had come down to this moment, and he was going to relish it. Standing in the shadow of the newly renovated entrance to Wellsville High School, Bradbury, USD 289 Wellsville School District superintendent, watched as board members cut a blue ribbon, formally opening the doors on an $18.1 million facilities project. “This is an exciting time for our students and our community,” Bradbury said. “Generations of Wellsville families have been educated within these walls. This project preserves our schools for many more generations to come while also addressing the community’s long-term needs.” On Saturday, Bradbury described the event as a celebration not just of the years of work it took to get there, but of the progress and commitment made to the future.
Source: Ottawa Herald

2023-09-27T06:56:20-05:00September 26, 2023|News|

Salina hosting U.S. National Aerobatic Championships for fourth year

People in Salina may notice some unusual sights and sounds coming from the sky near the airport as the U.S. National Aerobatic Championships take place this week. The championships, hosted now for the fourth year at the Salina Regional Airport, features 85 pilots competing in the air sport of aerobatics. This is the fourth time in the past five years, with one year taken off due to COVID, that the U.S. National Aerobatic Championships has taken place at Salina Regional Airport. “There are a lot of things that factor into the right place to have it,” said Shad Coulson, the contest director this year. “Location is certainly one. We want it to be as central as possible in the U.S. which makes it as enticing for folks from across the country to come to the national event.” In addition to being centrally located, Coulson said it’s important to have the resources available to the competitors and the support staff and volunteers at the airport. “The airport here is amazing, with good facilities (and) good hangar space to keep all these beautiful, valuable airplanes protected from the elements,” Coulson said.
Source: Salina Journal

2023-09-27T06:56:31-05:00September 26, 2023|News|

Take a walk through time: Eagle Scout completes historic tour of Tecumseh

Here, in this overlooked brick building now serving as a post office, was a general store that was a center of trade for the sleepy town of Tecumseh, Carter Vincent points out. Right next door, an old barn structure is all that remains of the original medical practice, whose physician has long since passed but whose legacy is best seen in the hundreds of babies he helped deliver through the turn of the 19th century. Less than a block away are the sites of several firsts for Shawnee County — a first courthouse, a first church — that served as the foundation for the area’s eventual future as the seat of Kansas’ state government. These pieces of history could be easily missed when walking by, much more so when driving. But it’s history that Vincent, a freshman at Shawnee Heights High School, is keen to preserve through his Eagle Scout project. … ‘During COVID, my family and I traveled around the state, and we learned about the history in these little towns,’ Vincent said. ‘I combined my love of history and my love of walking, which I grew during COVID, to feature historic Tecumseh.’
Source: CJonline

2023-09-27T06:56:41-05:00September 26, 2023|News|

Lawmakers vow to LAVTR fund: Shawnee County pushes back in advocating for local relief

Tensions flared as state and local politicians clashed over property taxes, setting the stage for what is likely to be a heated tax dispute next legislative session. The area of agreement is a mutual desire to cut property taxes. The dispute is over whether the state should put money into a fund intended to help pay for local property tax cuts, or if the state should cut its own property taxes. A movement has been growing to fund the local ad valorem tax reduction fund, or LAVTR, for the first time in 20 years. The LAVTR remains part of state law, but the Legislature regularly opts to strip its funding, as is the case for the current fiscal year. Without further legislative action, the state would transfer $27 million into the LATVR next fiscal year.
Source: CJonline

2023-09-27T06:56:51-05:00September 26, 2023|News|

Kansas faces shortfall of 34,000 college-educated workers through 2030

A new labor report revealed the current annual rate of degree and certificate completion at Kansas colleges and universities would be insufficient to meet anticipated growth in demand for young, educated workers and could leave the state’s economy with an estimated 34,000 shortfall by end of this decade. Analysis by the Institute for Policy and Social Research at the University of Kansas delved into challenges of surging higher education attainment in Kansas despite a declining percentage of high school graduates interested in college, the out-migration of Kansas college graduates to Missouri, Colorado and Texas, and the lack of competitiveness of salaries paid Kansas workers in engineering, business and other fields compared to peers in nearby states. Failure of state lawmakers, education leaders and employers to address labor gaps, especially demand for recipients of bachelor’s degrees, could impede economic development through 2030.
Source: KAKE – News

2023-09-26T11:24:39-05:00September 26, 2023|News|

City leaders host meeting for those interested in running Wichita Animal Shelter

The process of finding new management for the Wichita Animal Shelter is underway. On Monday, the City of Wichita hosted an informational session for people interested in taking on the role. The Wichita Police Department has been managing the shelter, but the City wants this to change so police can focus on picking up strays, sick and injured animals, and dead animals. Police would still handle animal bites, animal cruelty, and neglect investigations. The City hopes the new operator improves communication with rescue partners to find homes for abandoned pets and provide vet care. The Kansas Humane Society, which has been a partner with the Wichita Animal Shelter since they moved next door in 2009, was part of the discussion.
Source: KSN-TV

2023-09-26T11:00:27-05:00September 26, 2023|News|

Complex problem: The tug-of-war between neighbors, city government and an idle developer

Surrounding homeowners have grown increasingly frustrated that an unfinished construction site in northeast Wichita has continued to sit mostly untouched for almost another full year. Calamar, a New York-based development company, started work in June 2020 near the northeast corner of 21st and 127th Street East on a 134-unit apartment complex called Connect 55+ that’s geared toward residents 55 and older. It’s had several fits and starts since then, but there’s been few signs of substantial progress for the past two years. Now, city officials say the builder has until Oct. 29 to make “significant progress” on a list of about 500 repairs and return to full production with crews on site before its building permit can be renewed again.
Source: Wichita Business Journal

2023-09-26T10:57:47-05:00September 26, 2023|News|

WPD seeks accreditation through Kansas Law Enforcement Training Center

The booklet on LT Aaron Moses’s desk is a guide for the Wichita Police Department to do something it’s never done before. “The Wichita Police Department has never been an accredited agency,” explains Moses. WPD is in the process of applying for accreditation through the Kansas Law Enforcement Training Center, or KLETC. Its been a part of Chief Joe Sullivan’s efforts since taking over the department in late 2022. “His previous law enforcement agency was an accredited agency and so accreditation was something that was top of mind for him.” What does accreditation mean for the WPD? In the most basic terms, KLETC is quality control. “It was an attempt to make a, an accessible program for Kansas law enforcement agencies that wanted to attempt accreditation.”
Source: KAKE – News

2023-09-26T10:50:05-05:00September 26, 2023|News|

Burrton police find 49 pounds of meth during traffic stop

Burrton Police Department, with assistance from the Halstead Police Department, the Harvey County Sheriff’s Office, and the Kansas Bureau of Investigation, have found 49 pounds of methamphetamine. It happened back on Aug. 31 when Burrton Police officers spotted a semi-truck with a vehicle trailer hauling several vehicles along U.S. Highway 50. Chief David Odle says officers saw “suspicious plastic wrapping” coming from the bumper of one of the vehicles the truck was hauling. Chief Odle says as officers looked closer, they believed they saw narcotics in the bumper. A K-9 officer from Halstead was called in to check the vehicle. Chief Odle says K-9 Eddy detected the presence of drugs, so he obtained a search warrant for the vehicle and contacted the Kansas Bureau of Investigation to assist in the search and processing of the vehicle.
Source: KSN-TV

2023-09-26T10:47:08-05:00September 26, 2023|News|
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