Topic: Economy

Consumer Financial Protection Bureau Report Highlights the Burden of Student Loan Debt and Options for Making Repayment More Affordable

May 21, 2013 |

Consumers Union Urges Policymakers to Enable Students to Refinance High Interest Loans and Negotiate Affordable Repayment Plans

Washington, D.C. – A new report by the Consumer Financial Protection Bureau  details the staggering debt that burdens an increasing number of graduating college students.

The report highlights how this debt burden is having a long term, damaging “domino effect” on the economy by making it even more difficult for young adults to purchase their first home, start a small business, and save for retirement. «Read the rest of this article»

Consumer Reports Index shows Retail Spending Declines as Americans Report Increased Financial Troubles and Stagnant Sentiment Levels

April 24, 2013 |

Positive Signs for Sale of Spring, Summer Seasonal Retail Items

Yonkers, NY – The Consumer Reports Index, an overall measure of Americans’ personal financial health, showed that consumers’ lethargic outlook continues to take a toll on retail spending.  The Index’s past 30-day retail measure declined for the third straight month since January.

The Consumer Reports Index’s sentiment measure was unchanged from last month at 50.1. Looking at the longer trend, consumers’ attitudes concerning the economy are neither advancing nor retreating and sentiment has been frozen in a narrow band between 51.2 and 48.9 since November 2012. «Read the rest of this article»

Impact of March 1st Sequester Cuts on Middle Class Families, Jobs and Economic Security on Tennessee

February 25, 2013 |

Washington, D.C. – Unless Congress acts by March 1st, a series of automatic cuts—called the sequester—will take effect that threaten hundreds of thousands of middle class jobs, and cut vital services for children, seniors, people with mental illness and our men and women in uniform.

There is no question that we need to cut the deficit, but the President believes it should be done in a balanced way that protects investments that the middle class relies on. Already, the President has worked with Congress to reduce the deficit by more than $2.5 trillion, but there’s more to do. «Read the rest of this article»

Clarksville Mayor Kim McMillan speaks about her Economic Development and Cultural Exchange trip to Saudi Arabia

December 14, 2012 |

Clarksville, TN – A few weeks ago, I was extremely honored to be asked to represent Clarksville on an economic development and cultural exchange trip to Saudi Arabia. The trip was organized by the U.S. Conference of Mayors and was fully funded by the Saudi Arabian government.

It was not funded by the taxpayers in any way. This is the fifth year that select U.S. mayors have been invited to Saudi Arabia. I was so pleased that Clarksville was selected as one of the represented cities because I believe it shows that our reputation as a growing and vibrant city is being recognized around the country and now around the world. «Read the rest of this article»

Fiscal cliff may derail Market momentum gathered in November

By Frazier Allen | December 5, 2012 |

Clarksville, TN – Even though the market indexes showed little change in November, the end of 2012 looks promising as the U.S. economy rebounded despite a highly contentious election cycle and the devastating effects of Hurricane Sandy thanks to some encouraging numbers from key indicators.

The Dow Jones Industrial Average experienced a post-election trough and ended the month north of 13,000, but still flat compared to the end of October. The NASDAQ mirrored the DJIA, bottoming at 2,837 on November 15th to close at a near month-high at 3,010. Likewise, the S&P 500 rallied from a low of 1,353 for November to end the month at 1,416. «Read the rest of this article»

Congressman Marsha Blackburn’s open letter to President Obama

October 27, 2012 |

Mr. President,

What could you possibly have been thinking? The ad you have launched featuring a young actress equating voting for you to a sexual act is offensive to me, to millions of women and to the stature of the office you hold. As a father of two beautiful girls, how could you possibly have allowed this to be aired? Did you approve this? Did someone on your campaign staff actually think this was a good idea?

It is offensive, repulsive and should be removed immediately. It is beneath the dignity of the office you hold. Mr. President, are you and your Democrat colleagues so focused on sex and reproductive rights that you really think that is the single motivator for women? Are you not aware that women in 2012 are focused on jobs, the economy, economic opportunity? «Read the rest of this article»

No Easy Answers as Fiscal Cliff Looms

By Frazier Allen | September 29, 2012 |

Tax increases and automatic spending cuts that take effect in 2013 will increase government revenue and significantly cut the budget deficit. However, that comes at the cost of economic conditions “that will probably be considered a recession.”

That’s the conclusion reached by the nonpartisan Congressional Budget Office (CBO) in a recent report. The report also documents some of the factors and conditions that make addressing the situation so contentious. (Source: Congressional Budget Office , An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022, August 2012.) «Read the rest of this article»

Consumer Reports Index shows Confidence in the Economy Plummets Among Affluent Americans

September 27, 2012 |

Barnes Makes Case for Re-Election

By Bill Larson | September 18, 2012 |

Clarksville, TN – Clarksville Online recently sat down with Tim Barnes, the incumbent forTennessee State Senate District 22. Barnes has represented Cheatham, Houston and Montgomery County for the last four years.

“We’re out there every single day working hard for the people of District 22. And of course, in spite of the campaign. I’m still carrying forth with my Senate duties,” Barnes said. “I am doing what I normally do and have been doing for the past four years, and that is also good for a campaign, so I make appearances, speak when people ask me; and I’m glad to be able to do that.”

State Senator Tim Barnes

Clarksville Country Club fires General Manager and Golf Pro

By Hank Bonecutter | September 13, 2012 |

Clarksville, TN – The Clarksville Country Club, one of the oldest private clubs in the southeast, has made some major changes in it’s management and pro shop operations.

In an announcement made to it’s membership, the board of directors informed the members that they have entered into an agreement with Troon Golf, LLC to provide management and to oversee all operations throughout the facility.

In making the announcement, the Clarksville Country Club welcomes Rocky Papachek as the interim General Manager of the club effective immediately.  Papachek comes from the Wausau Country Club in Wausau Wisconsin. They also announced that Rob Riddle is the interim Director of Golf. «Read the rest of this article»

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