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Topic: Congress

President Obama Awards the Congressional Medal of Honor to 24 Army Veterans Who Were Victims of Discrimination

 

The White HouseWashington, DC – Yesterday afternoon, President Obama awarded the Medal of Honor to 24 Army veterans in recognition of their valor during major combat operations in World War II, the Korean War, and the Vietnam War.

Each veteran honored yesterday had already received the Distinguished Service Cross – the nation’s second-highest military award – but 19 of them were previously overlooked for the Medal of Honor due to their racial or ethnic backgrounds. Yesterday’s ceremony follows a 12-year Pentagon review, ordered by Congress, of past discrimination in the military. «Read the rest of this article»

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 16th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Next week, the focus will be on the Fed’s policy decision and Janet Yellen’s first press briefing as Fed chair. The Federal Open Market Committee is expected to taper the monthly pace of asset purchases by another $10 billion (to $55 billion).

Policymakers are also expected to tweak the language of the forward guidance (the Fed’s conditional commitment to keep the overnight lending rate exceptionally low). Specifically, we can expect the FOMC to discard the 6.5% unemployment rate threshold.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 9th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – There was plenty of fresh economic data, but most of it was distorted by the weather (which can have different effects depending on which areas of the country get hit).

Nonfarm payrolls rose by 175,000 in the initial estimate for February (median forecast: +150,000, although market participants were likely braced for about +130,000). Figures for December and January were revised a net 25,000 higher.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 2nd, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – There were relatively few surprises in the economic data reports. Real GDP rose at a 2.5% annual rate in the 2nd estimate for 4Q13 (vs. +3.2% in the advance estimate).

Consumer spending was not as strong as estimated earlier, but was still respectable (a +2.6% pace, vs. +3.3%). Business fixed investment was revised higher (+7.3%, vs. +3.8%).

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 23rd, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Poor weather continued to have an impact on the economic data. Residential construction and existing home sales fell more than anticipated in January. However, financial market participants seemed to be more willing to dismiss bad economic numbers (as being due to the weather) – U.S. markets also ignored turmoil in the Ukraine.

The CPI rose modestly in January, continuing a low trend. The new and improved Producer Price Report suggested relatively modest pipeline inflation pressures.

Frazier Allen

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 16th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – In her first monetary policy testimony to Congress, Fed Chair Janet Yellen appeared calm, confident, and in charge.

She pledged continuity in monetary policy and regulatory reform. While “not on a preset path,” the monthly pace of asset purchases will likely be reduced “in further measured steps at future meetings” (which is widely interpreted as -$10 billion per Fed policy meeting).

Frazier Allen

Frazier Allen

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Tennessee State Representative Curtis Johnson introduces resolution supporting Veterans

 

Tennessee State Representative - District 68Nashville, TN – Tennessee State Representative Curtis Johnson (R-Clarksville) has filed a House Joint Resolution in the Tennessee General Assembly urging the Tennessee Congressional Delegation to restore cuts to veterans benefits made by Congress in December, 2013.

The Federal proposal cuts benefits to military retirees younger than 62 by reducing their annual cost-of –living increase adjustment (COLA) by one percent annually.

Tennessee State Representative Curtis Johnson

Tennessee State Representative Curtis Johnson

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Remembering Martin Luther King Jr.

 

Martin Luther King JrWashington, 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.

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Tennessee Literary Luminaries by Sue Freeman Culverhouse

 

Sue Culverhouse author of "Tennessee Literary Luminaries: From Cormac McCarthy to Robert Penn Warren "Clarksville, TN – Sue Freeman Culverhouse, long a staff-writer for ClarksvilleOnline.com, features eleven Tennessee authors in her new book. Tennessee Literary Luminaries: From Cormac McCarthy to Robert Penn Warren (The History Press, Charleston, SC, 2013). Her author website, www.sueculverhouse.com, links her readers to information about the book and her upcoming blog.

“I’m tired of people outside Tennessee believing that we’re all wearing overalls without a shirt, chewing tobacco, going barefoot, toting six-shooters, and living off road kill,” Culverhouse admits. “I want our youngsters to be proud of the literary heritage these and other Tennessee writers have contributed to the world of literature. All of the authors in my book have interesting lives in addition to having written not-to-be missed books.”

Tennessee Literary Luminaries by Sue Freeman Culverhouse

Tennessee Literary Luminaries by Sue Freeman Culverhouse

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Consumer Reports Poll Finds Over One Third of Consumers More Confused on Health Law Since Start of Open Enrollment

 

Consumer Reports HealthLawHelper.org Cuts Through Opinions to Provide Consumers with the Unbiased Facts They Need to Make Decisions About Their Health Insurance Needs for 2014

Consumer ReportsYonkers, NY – One month after the start of open enrollment in the new Health Insurance Marketplaces created by the Affordable Care Act,  a new survey conducted by the Consumer Reports National Research Center shows that many American consumers now feel more confused about the law, the insurance marketplaces and how the ACA will impact them.

The nationally representative survey asked consumers whether they felt better or less informed about the law over the last month. Participants were also asked to identify whether statements describing elements of the law were true or false. «Read the rest of this article»

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