Business Briefcase: April 6, 2012

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By The Staff

Retail food prices remained


steady during first quarter

The average retail food prices in supermarkets across the state are currently holding steady, decreasing just slightly during the first quarter of the year.

According to the Kentucky Farm Bureau Federation’s Marketbasket survey – which includes Shelbyville and 30 other cities around the state – the total cost of 40 basic grocery items was $115.71. This reflects a decrease of 19 cents, or 0.2 percent, from the same list of items reported in the previous quarter.

For the third consecutive quarter the Marketbasket Survey has shown decreases in the average total price of retail food prices in Kentucky. The newest figure is only 77 cents  less than 0.1 percent, higher than the same reporting period in 2011, but it still remains $12.09, or 11.7 percent, higher than the first quarter of 2010.

Of the six food groups recorded in the most recent survey – beef, dairy, fruits and vegetables, grain, pork, and poultry – the poultry category showed the greatest total decrease with an average price drop of 8.7 percent.

The beef category made the largest average increase of 3.7 percent. Mild cheddar cheese had the greatest single-item decrease with an average price drop of 60 cents per pound, while the highest single-item increase was T-bone steak, climbing an average of 71 cents per pound.

Overall, 22 of the 40 items in this survey experienced decreases in average price, 17 increased, and one went unchanged (center cut pork chops).

These prices mirror closely national trends based on reports from the U.S. Department of Labor. During the past 12 months, however, the national average price has climbed a total of 4.5 percent.


SCCT named No. 3 by magazine

Shelby County Community Theatre was voted the third-best community/local theater in the state in a poll by Kentucky Livingmagazine. Stephen Foster Productions from Bardstown was first, and The Star Theater in Russell Springs was second.

"I am thrilled by this distinction,” SCCT President Cheryl Van Stockum said. “Placing third in Kentucky Livingindicates that SCCT is known through out the state.”

The magazine routinely ranks a wide variety of events, attractions and facilities in the state.


Jewish Hospital names new leaders

Louis I. Waterman, a leading family law attorney in Kentucky, has been elected chair of the Jewish Hospital HealthCare Services board of trustees. During the past 13 years, he has served on the boards of the Jewish Hospital Foundation and was an inaugural member of the Jewish Hospital & St. Mary’s HealthCare board. He most recently served as the chair of the Jewish Hospital & St. Mary’s HealthCare board of trustees.
 A Louisville native and graduate of the University of Kentucky and the University of Louisville Brandeis School of Law, Waterman maintains a domestic relations practice in Louisville. A long-time community activist, he currently chairs The Bingham Child Guidance Center Board of Trustees and the Churchill Downs Official Host Program, and serves on the boards of the Louisville Zoo Foundation, the Kentucky Derby Festival and the Louisville Sigma Chi Alumni Association.
Sandra Barr Hammond, an attorney with Borowitz & Goldsmith, PLC, was elected to serve as vice chair of the board. A graduate of Washington University in St. Louis and the University of Louisville Brandeis School of Law, Hammond’s primary areas of practice are family law, corporate and business matters and estate planning.  

Bulletin board

§       HHJW Career and Financial Literacy Institute Inc. and Metro United Way will provide free tax-preparation services to the elderly (age 60 and older) and any family with a household income of less than $50,000. All returns are prepared by IRS-certified volunteer preparers. This service includes free electronic filing (e-file) and direct deposit.  HJW is located at 330 Main St., Suite A & B, in Shelbyville, and services will be offered there from 9 a.m. to 8 p.m. Mondays and Wednesdays and 9 a.m.-1 p.m. Saturdays through April 15. Call 647-3072 to schedule an appointment. Bring all verification-of-income documents, including W2 forms, a valid photo ID, Social Security cards (including dependents’), a copy of last year’s tax return and bank routing and account numbers for direct deposit.

§       The Shelby County Chamber of Commerce will have a Business After Hours event at 4:30-6:30 p.m. April 17 at Wakefield-Scearce Galleries, 525 Washington St. in Shelbyville.

§       Leadership Shelby ‘s annual alumni luncheon and silent auction will be at 11:30 a.m.-1 p.m. May 3 at the Stratton Center in Shelbyville.


Bits & bytes

§       The producers of Abbey Road on the River, the largest Beatles music tribute festival in the world, announced that they have completed a partnership agreement with Louisville-based full service production company,Axxis. Under the terms of the agreement, Axxis will become an investing partner and the lead technical producer for the festival, which takes place Memorial Day weekend in Louisville and Labor Day weekend in Washington, D.C.

§       Average retail gasoline prices in Louisville have risen 8.9 cents per gallon in the past week, averaging $4.04 per gallon as of Sunday. This compares with the national average that has increased 3.2 cents per gallon in the last week to $3.89, according to LouisvilleGasPrices.com. Including the change in gas prices in Louisville during the past week, prices yesterday were 40.9 cents per gallon higher than the same day one year ago and are 39.5 cents per gallon higher than a month ago.


The Kentucky Press News Service contributed to this report. The Sentinel-Newswelcomes Briefcase items. Information and photos may be E-mailed to sharonw@SentinelNews.com. The deadline is noon Wednesday.