Ground broken for road improvements near New Albany industrial park - WDRB 41 Louisville News

Ground broken for road improvements near New Albany industrial park

Two-time Olympic medalist swimmer Katie Hoff joined the Visa Chairman and CEO to get Wall Street started from Beijing Friday morning.

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Improvements are coming to the roads near a busy New Albany industrial park at Hausfeldt Lane and Earnings Way.  Friday morning, ground was broken on the project.

$800,000 is being used to rebuild roads and drainage in the area.  The mayor says bad weather last winter are to blame for the bad road conditions.

New Albany Mayor Doug England says, "This is really important.  It was really controversial when I came into office, and the legislative body and myself worked togther to get funds to get this done, and it's the right thing to do.  You can drive around and see that's why we have another industrial park we're working on."

Nearly 4,000 employees work in the industrial park.

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Federal Reserve Chairman Ben Bernanke says the financial crisis is taking a toll on the economy.  The comments came in a speech to an economic conference in Wyoming.

Bernanke says the lingering credit crisis is causing unemployment to rise and economic activity to soften.

He says the central bank will "act as necessary" to ensure that inflation doesn't get out of control.

Many believe the Fed will keep rates steady when it meets again on September 16th.

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One of the biggest names in comedy is the new face of Microsoft.  Jerry Seinfeld has signed on to be the company's spokesman.

He'll receive about $10 million and will appear with Bill Gates in many of the ads.

The campaign is expected to use some variation of the slogan "Windows -- not walls."

The image overhaul comes as Microsoft executives realize that Windows has grown stale and has been battered by apple's Mac vs. PC ads.

The new ads will debut September 4th.

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