Business Briefs: Oct. 16, 2012

Columnist serves as featured speaker 

Bob Martin, Emeritus Boles Professor of Economics at Centre College, and a contributing columnist for The Advocate-Messenger, was a featured speaker Wednesday at the National Academies of Science/Engineering in Washington, D.C. The occasion was the Government-University-Industry Research Roundtable conference on “Reimagining the University.”  

The title of Dr. Martin’s remarks is “H.R. Bowen’s Rule.” His topic covers the complex set of adverse incentives that leads to the highest rate of cost increase among all sectors of the economy and the secular decline in the quality of undergraduate education that accompanies these cost increases. 

These trends, if uncorrected, will make higher education a significant obstacle to economic mobility and a direct contributor to a growing disparity in the income distribution. Declining economic mobility is a direct threat to the Republic.

 

Program offers scholarship opportunities

The Burger King McLamoresm Foundation, the charitable arm of the Burger King brand, announced the launch of its annual fall fundraiser in support of the Burger King Scholars Program. Beginning Oct. 1, guests who donate $1 at participating Burger King restaurants in the U.S. will receive an education-themed booklet containing three soft serve cone coupons and three value size Coca-Cola® soft drink or ICEE® frozen drink coupons. 

The fall fundraiser, running through Oct. 31, is the largest in-restaurant promotion hosted by the Burger King McLamoresm Foundation. The coupons may be redeemed at participating restaurants through Dec. 31. All proceeds benefit the Burger King Scholars Program. 

Burger King restaurants in Central Kentucky provided 10 scholarships last year to high school students in Fayette, Scott, Boyle, Clark, Montgomery, Madison and Anderson counties. This year’s goal is 12 scholarships.

“Building brighter futures through the Burger King Scholars program is a top priority for us”, said Andrea Tejada, executive director, Burger King McLamoresm Foundation. “Through the fall fundraiser, we all have the opportunity to help support higher education for deserving students in the communities where we work and live.” 

In addition to $1,000 awards, this year’s program includes 10 $5,000 employee-designated scholarships, and three $50,000 James W. McLamore Whopper Scholarship awards. Students may use scholarship funds for two- or four-year college degrees, as well as for accredited technical and vocational programs.  

Current high school seniors and Burger King employees and their children and spouses in the U.S., Canada and Puerto Rico may obtain more information on the Burger King Scholars Program by visiting the Foundation’s website at www.bkmclamorefoundation.org. Online applications will be accepted from Nov. 15 through Jan. 10. The 2013 scholarship recipients will be announced in May 2013. 

 

Livestock cooperative launches fundraiser 

BEREA — The Kentucky Association of Food Banks is joining forces with United Producers Inc., which operates three livestock marketing facilities in Kentucky and has locations throughout the Midwest, to launch a month-long Cooperating to Feed Our Community fundraiser. This fundraiser is being held in honor of October being National Co-Op Month and 2012 being the International Year of the Cooperative.

One in six in Kentucky — 750,420 people — don’t always know where they will find their next meal, according to Feeding America, the nation’s largest hunger-relief organization. The U.S. Census released new statistics last month which find that 19 percent of people in Kentucky lived in poverty in 2011. This is an increase from 17 percent in 2008 and places the Commonwealth in a tie for 46th place compared to other states and the District of Colombia.  

“With so many families in Kentucky continuing to struggle to put food on the table, we are grateful for this effort to help bring hope and healthy food to our most vulnerable neighbors,” said Tamara Sandberg, executive director of the Kentucky Association of Food Banks. 

To demonstrate the power of the cooperative, United Producers is asking its members and employees to help make a difference in their community this October by donating to their state food bank association. 

Members and employees can donate as little or as much as they wish — per head of livestock marketed through UPI or in a lump sum — and all donations will be tax deductible. Forms can be completed upon check-in at any United Producers market or obtained from any UPI representative throughout the month of October.

This effort complements Beef Counts, a program established and endorsed by the Kentucky Beef Council to provide a consistent supply of nutrient-rich beef for people facing hunger in Kentucky. Farmers throughout Kentucky have the option of donating cash or donating proceeds from the sale of beef animals to the Beef Counts program. Fifteen livestock markets across the state are participating and will forward proceeds from donated beef animals to the Beef Counts program.