Louisville's oldest and largest independent bookstore is celebrating its 30th anniversary - WDRB 41 Louisville News

Louisville's oldest and largest independent bookstore is celebrating its 30th anniversary

Before the opening bell even rang, the Federal Reserve reported that industrial production rose two-tenths of a percent in July slightly better than expected.

Stocks end the week in positive territory.

The Dow is up 43.97 points to close at 11,659.

The Nasdaq also closed down 1.15 points at 2,452.

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It's Louisville's oldest and largest independent bookstore, and this weekend it's celebrating a big milestone.

Carmichael's is celebrating its 30th anniversary.  Its first store opened in 1978 and now has two locations in Louisville.

The bookstore was started by a husband and wife who still own it.  They say it's not hard keeping the store open, even with big chain bookstores.

Owner Carol Besse attributes that to their customers, and says they love being a smaller store.

To mark the occasion, Carmichael's is passing savings along to its customers with a three-day sale and a customer appreciation cookout.

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Medicare prescription drug premiums will rise 12% next year, but the monthly increase is less than originally expected.

Medicare officials says the average premium medicare beneficiaries pay for drug coverage will rise.  But they'll only have to pay $3 more a month than what they're already paying.

The $28 estimate for plan D is almost 30% lower than the original projection.  The increase is mostly because of people taking more medicines and the rising cost of drugs.

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Ed McMahon is getting a real lesson of the rich and famous.  Donald Trump has agreed to buy McMahon's home, which is in danger of foreclosure.  He will then lease it to him.

Trump says he doesn't even know McMahon personally, but is acting out of compassion.  McMahon is 85 and not able to work because of a neck injury.

He defaulted on his $4.8 million mortgage.  Trump said he wants to help McMahon because it would, "be an honor."

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