Clarksville, TN – The minutes of the January 27th-28th Federal Open Market Committee meeting showed officials continuing to make preparations for policy normalization.
There was some debate about the risks of moving either too late or too soon. “Several” Fed officials feared that waiting too long to raise rates would risk higher inflation, but “many” (which in Fedspeak, is more than “several”) worried that a premature increase in rates could dampen the economic recovery and leave the Fed with limited options to correct course.
Washington, D.C. – The nation’s response to Brown was agonizingly slow, and neither state legislatures nor the Congress seemed willing to help their cause along as far as black Americans were concerned.
President John F. Kennedy recognized that to secure equal protection of the laws for African Americans it would take a strong civil rights bill would put teeth into the drive to secure equal protection.
Clarksville, TN – In one of its final actions, the 113th Congress passed the Tax Increase Prevention Act of 2014. This legislation extends for one year a host of popular tax provisions (commonly referred to as “tax extenders”) that had expired at the end of 2013.
The President is expected to sign the legislation. All of the following provisions were among those retroactively extended, and are now effective through the end of 2014.
Washington, D.C. – Known at the time as “The Great War”, World War I officially ended when the Treaty of Versailles was signed on June 28th, 1919, in the Palace of Versailles outside the town of Versailles, France.
However, fighting ceased seven months earlier when an armistice, or temporary cessation of hostilities, between the Allied nations and Germany went into effect on the eleventh hour of the eleventh day of the eleventh month. For that reason, November 11th, 1918, is generally regarded as the end of “the war to end all wars.”
Chalks endorsement of Blackburn up to a ‘business decision’
Clarksville, TN – Gannett’s Nashville paper, the Tennessean, has endorsed the incumbent rather than retired Iraqi War veteran Dan Cramer, in the race for Tennessee’s 7th congressional district. Cramer expressed amusement at the paper’s choice but said he understands how supporting the presumed “safe bet” is a better business decision.
“I am always grateful and honored by any endorsement,” Cramer said, “But one of the realities of politics is that not everyone will agree with you 100% of the time. In the case of the Tennessean’s choice, I can see how their financial interests are better served by endorsing a presumed strong incumbent, but I think there are some interesting inconsistencies in their reasoning.
Obama Administration Proposes New Regulations to Expand Important Financial Protections for Military Families
Washington, D.C. – The Obama Administration remains committed to supporting our service members and their families.
Yesterday, as part of the Administration’s ongoing commitment, the Department of Defense (DoD) is proposing regulation changes that would reduce predatory lending practices, significantly expand the protections provided to service members, close loopholes in current rules, and help to ensure military families receive the important consumer protections they deserve.
These actions build on the President’s announcement of a voluntary partnership with financial lenders across the country (Fact Sheet) to help deliver important financial and home loan-related protections to our military community. «Read the rest of this article»
Washington, D.C. – The first Monday in September, Labor Day is a creation of the labor movement and is dedicated to the social and economic achievements of American workers.
It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.
Through the years the nation gave increasing emphasis to Labor Day. The first governmental recognition came through municipal ordinances passed during 1885 and 1886.
Fort Campbell 2nd Brigade “Strike” officer Brigid Calhoun credits family, mentors and experiences for success
Written by Sgt. David Cox
Laghman Province, Afghanistan – Forty-three years ago, U.S. Congress designated August 26th as Women’s Equality Day to commemorate granting women the right to vote.
When put into historical military context, the roles women have filled in their service to their country have gone under measureable change in the 239 year history of the U.S. Army — when women would help nurse the wounded and sick during the Revolutionary War.
Now, women make up approximately 15 percent of the active-duty Army and represent 95 percent of its’ career fields.
Clarksville, TN – The few economic releases were generally positive and reports on corporate earnings were mostly on the high side of expectations, but the stock market seemed to pay little attention. Geopolitical tensions (Russia/Ukraine, Iraq, Israel/Hamas) and the ongoing Fed policy debate set market participants on edge.
Geopolitical concerns helped push global bond yields sharply lower. The U.S. Treasury note yield fell below 2.40%.
Clarksville, TN – As was widely anticipated, the Federal Open Market Committee tapered another $10 billion from the monthly pace of asset purchases (now at $25 billion, with the program on track to be completed at the end of October).
The Fed provided no additional guidance on short-term interest rates, but repeated that the federal funds rate target would likely remain exceptionally low for “a considerable period” after the asset purchase program ends and that economic conditions will likely warrant a below-normal federal funds rate even as the Fed nears its employment and inflation goals.
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