News from the South - Arkansas News Feed
Finance professor says people should be 'cautiously optimistic' about Fed rate cut
SUMMARY: The Federal Reserve has announced its first interest rate cut in four years, lowering rates by half a percentage point, signaling a shift in its approach to combating inflation, which has decreased significantly since its peak in 2022. This rate reduction could alleviate high borrowing costs for Americans on mortgages and credit cards. Local finance experts suggest that while immediate benefits might be subtle, businesses may find themselves with more capital for expansion, potentially leading to job creation as unemployment rises. A finance professor advises cautious optimism regarding the long-term effects of this rate cut on the economy.
U of A economic expert explains impact of key interest rate on businesses and jobs
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News from the South - Arkansas News Feed
NW Arkansas Championship expected to bring money to Rogers
SUMMARY: The Northwest Arkansas Championship in Rogers is more than a golf event; it significantly boosts the local economy. Drawing thousands annually, it brings steady crowds benefiting restaurants, shops, and service providers. Businesses report increased sales, especially in food and hydration products, with parking lots near the course filling quickly. The Rogers Chamber estimates the tournament injects around $14 million into the local economy, supporting small businesses. Starting tomorrow with a 5K event at the LPGA, this week-long tournament is a dependable source of customer traffic and highlights Rogers’ growth as a regional hub.
Rogers businesses make money off the LPGA’s NW Arkansas Championship.
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News from the South - Arkansas News Feed
Arkansas medical marijuana sales on pace for record year
SUMMARY: Arkansas medical marijuana sales are on track for a record year, with patients spending over $193 million from January to August 2025—more than $10 million higher than last year. The state currently has 109,000 active patient cards, purchasing over 52,000 pounds of cannabis products. Daily sales average around $800,000, generating more than $21 million in taxes this year. A new law directs part of this tax revenue to combat food insecurity, including eliminating school lunch debt statewide. Since 2019, Arkansas patients have spent over $1.5 billion on medical marijuana, with the state collecting more than $105 million in taxes.
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News from the South - Arkansas News Feed
Group in lawsuit say Franklin county prison land was bought before it was inspected
SUMMARY: A group filed a complaint against the Franklin County Prison project, claiming the land was purchased before proper inspection, resulting in unsuitable property acquisition and wasted taxpayer money. A study cited by State Senator Brian King revealed the site cannot supply adequate water for even one home, let alone a 3,000-bed prison. Despite ongoing prison overcrowding and the need for a new facility, concerns remain about the project’s viability. Lawmakers discussed the issue, highlighting overcrowding and early release of violent offenders due to lack of space. The Franklin County Prison project aims to build a 3,000-bed facility, but its future is uncertain amid these challenges.
Group in lawsuit say Franklin county prison land was bought before it was inspected
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