Good News on a Warm Day
As us Lexingtonians slowly wait for winter to go away for another year so we can get back to enjoying the natural beauty of the Bluegrass – a couple nuggets of positive nature were in the news this morning:
First, J.M. Smucker posted solid profits for their fiscal 3rd quarter. For those of you unaware, they own the Jif plant here in Lexington, which makes a heck of a lot of peanut butter. Though company officials caution that the salmonella scare will decrease demand for peanut butter overall and may have an effect on their fiscal 4th quarter earnings, there is a large notice on the Jif website that they don’t use the tainted supplier that has received so much bad press of late.
http://www.kentucky.com/103/story/706316.html
Second, a (mostly) positive story on Lexington’s local economy. Budget revenues have slowed but still show growth in January 2009 compared to January 2008. I like to think that the current economic situation allows us to claim a lack of a current budget crisis as a victory, even though tougher days are projected for the next fiscal year. Keep your fingers crossed, but Lexington continues to be strong in the face of the current economic storm.
http://bluegrasspolitics.bloginky.com/2009/02/24/lexingtons-january-revenues-decline/
