Jackson, Wyo. – Federal Reserve Chairman Ben Bernanke says the financial crisis that has pounded the country - coupled with higher inflation - is taking a toll on the economy.
He says the crisis poses a major challenge to Fed policymakers as they try to restore stability.
Bernanke told a conference in Jackson Hole that the financial storm has not yet subsided, and its effects on the broader economy are becoming apparent in the form of softening economic activity and rising unemployment.
Powell, Wy – Former Wyoming Senate President Dick Jones, founder of a long-haul trucking company, died Wednesday. He was 97. Jones represented the Powell area in the state Senate from 1955 to 1974, when he stepped down to run for governor. He won the Republican nomination but lost to Democrat Ed Herschler in the general election. Jones was born and grew up in Huntley, Mont., where his Swedish immigrant parents homesteaded. He founded Dick Jones Trucking in Powell in 1935. Jones was
Powell, Wy – A downhill ski area in northern Wyoming that has been closed the past four winters could reopen by this Thanksgiving. The Sleeping Giant ski area is located in the Shoshone National Forest about five miles east of Yellowstone National Park. It has been closed since U.S. Forest Service managers determined that it required extensive repairs. But investors and others are undertaking some $3 million in repairs and improvements, including snowmaking machines, a new ski lift and expanded runs.
Riverton, Wy – Scientists from the French Embassy are touring energy sites in Wyoming this week. Today (Thursday) they stopped at reclaimed uranium mines in the Gas Hills east of Riverton. Philippe Jamet says France is trying to reclaim their old uranium mines. He says it's no longer profitable in France to mine uranium. "France is a quite densely populated country, so when it comes to getting permitted for mining, especially uranium mining, it's very difficult to obtain such permits. " Some of the uranium currently mined in Wyoming is shipped to France for nuclear power.