Posts Tagged ‘economic’
Posted by Warm Southern Breeze on Saturday, February 22, 2014
At the federal level, TEApublican types have decried our national deficit, much – if not most – of which came about as a result of placing the price of a decade of warfare on a proverbial credit card. I refer, of course, to the Persian Gulf War, Gulf War II, Operation Desert Shield/Storm and the invasion of Afghanistan, etc., all of which occurred during the previous administration.
Compounding that problem was that corporate and personal income tax rates upon the wealthiest was cut, while simultaneously, the veritable house of cards was crumbling, having been built upon the miry, sinking sands of Wall Street deregulation & greed gone wild.
Nevertheless, as our nation has struggled and clawed its way back to some semblance of fiscal sanity, there have been voices arising whom assert that the federal government’s “bailout” of banks & other large, corporate enterprise has been a gross mistake, and that such a bailout should have never occurred. And, while there will doubtless be volumes written, and debates held about the good and the bad of the ordeal, what’s been done, has been done, and it’s practically all over, but the crying. So the only thing we can do now, is live & learn, and move on.
And yet, respecting one underlying problem which arose corollary to the matter, is the loss of jobs here at home. Again, it was complicated by ‘globalization,’ which – good, bad, or indifferent – is Read the rest of this entry »
Posted in - Even MORE Uncategorized!, - My Hometown is the sweetest place I know | Tagged: Alabama, Congress, David Nuttall, Democrats, economic, economic expansion, economic infrastructure, economy, entrepreneurship, Federal government of the United States, government, High-speed rail, history, infrastructure, Interstate Commerce, Interstate Highway System, law, local, maglev, money, monorail, north Alabama, people, politics, private enterprise, Republican, Russia, safety, tax policy, taxes, tea party, train, transportation, United States, Wall Street | Leave a Comment »
Posted by Warm Southern Breeze on Sunday, July 28, 2013
Chattanooga is an old, old, old, old city.
It’s older than Civil War old.
Throughout the city there are narrow streets, many (if not most) of which need widening and repaving. Interstate 24, which leads into the city, is in sore need of widening. Because of the twisting, winding route it takes as it leads into, through and around the city and it’s numerous mountains and hills, it can be treacherous. When any slowdown for any reason occurs, traffic can be backed up for 15-20 miles, or more. When wrecks occur on that route, they’re often fatal, and create even longer delays. The only other major route into the city is US Highway 72. There is no bypass. If there are problems on either of those two routes, significant delays can take hours. (See a Google Map of the area.)
It has a university – University of Tennessee, Chattanooga – with other smaller colleges & universities nearby (Lee University, in Cleveland & Southern Adventist University, in Collegedale). One of three hospitals in the area (each which has numerous campuses) Erlanger, is a Level One Trauma Center, and teaching hospital for the College of Medicine at the University of Tennessee, Knoxville. Memorial Hospital, is part of the Catholic Health Initiatives system, and is a teaching hospital, while Parkridge Hospital is operated by TriStar Health.
Because of industrial waste released by area manufacturing, in 1969, Chattanooga had the filthiest air in the nation. The Tennessee River which serves as a boundary for the area was equally polluted. For many years, troubles GALORE plagued the city, including economic inequality, poor race relations, deteriorating economic infrastructure, rapid population decline, and departure of industry.
Recognizing that the city and area residents were suffering a slow suicide, officials and interested citizens embarked upon a plan to revitalize the area, including cleaning up industrial waste, reinvigorating the economy with employment opportunity, and looking forward, rather than backward.
EPB (Electric Power Board), one of the public utilities in the area, came upon an idea to infuse their power grid with Fiber Optic cable to enable better response times, to pinpoint areas of concern, and to re-route electricity during power outages when lines were downed by trees or severe weather. They faced stiff opposition in the form of legal fights by Comcast (principally), yet were successful in overcoming. In turn, they sold High Speed fiber optic Internet Connectivity to area residents at a significantly reduced cost in comparison to the Wall-Street-traded Comcast. They also provide better service.
While the area’s renaissance is by no means complete, it has advanced with enormously significant strides.
Obama to visit uneven Chattanooga area recovery
published Saturday, July 27th, 2013
Mike Pare, Deputy Business Editor, Chattanooga Times Free Press; MPare@ TimesFreePress.com phone: (423) 757-6318
by Mike Pare
When President Barack Obama flies into Chattanooga on Tuesday to tout new economic initiatives, he’ll see a city recognized in a national study as a metro area emerging from the recession as an “economic frontrunner.”
Area Development, a national business magazine covering site selection and relocation, ranked metro Chattanooga at No. 86 — in the top quarter — among 380 metro areas examined for the study titled “Leading Locations for 2013.”
While in Chattanooga Obama is expected to unveil new ways to spur the nation’s sluggish economic recovery.
At the Amazon distribution center at Enterprise South industrial park, the president will see a growing, state-of-the-art distribution facility with 1,800 full-time jobs created since 2011. The Chattanooga facility, along with Read the rest of this entry »
Posted in - Business... None of yours, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Alabama, Amazon, Atlanta, Barack Obama, Bristol, business, center, CEO, CHA, Chattanooga, Chattanooga Tennessee, Chattanooga Times Free Press, CLEVELAND, Columbus, connectivity, Dalton, Democrat, Democratic, economic, economy, enterprise, EPB, fiber optics, fulfillment, Georgia, high speed Internet, Huntsville, Indiana, Internet, Jeff Bezos, jobs, Kingston, Knoxville, living, Louisiana, manufacturing, Memphis, money, Nashville, Nooga, Obama, Odessa, policy, politics, president, private enterprise, region, regional, Rome, South, southern, taxes, Tennessee, Texas, TN, TVA, United States, University of Tennessee, Volkswagen, wages | 2 Comments »
Posted by Warm Southern Breeze on Thursday, January 17, 2013
The Federal Reserve regularly publishes a summary of economic activity in the 12 Federal Reserve Districts in the United States.
It is important to note that “This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials.”
Much, if not most of the news was promising.
Summary highlights from this Beige Book 2013-01-16 are that:
• “Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report, with all twelve Districts characterizing the pace of growth as either modest or moderate.”
Posted in - Business... None of yours, - My Hometown is the sweetest place I know | Tagged: agriculture, automobile, Beige Book, business, Coal, construction, consumer, Consumer spending, economic, economy, employment, Energy, farming, Federal Reserve, Federal Reserve Bank, Federal Reserve District, Federal Reserve System, gas, housing, jobs, manufacturing, money, NatGas, Natural gas, news, Philadelphia, Real estate, sales, spending, travel, unemployment, United States, wages | Leave a Comment »
Posted by Warm Southern Breeze on Friday, October 12, 2012
“Most Districts reported strengthening in existing home sales, while prices were described as steady to increasing, with declining inventories noted in the Boston, Atlanta, Minneapolis, Dallas, and San Francisco Districts.
“Automobile sales were flat over the past six weeks but are up year-over-year.
“Demand for consumer credit remained relatively strong, Read the rest of this entry »
Posted in - Business... None of yours, - Did they REALLY say that?, - Read 'em and weep: The Daily News | Tagged: Atlanta, automobiles, Beige Book, Boston, cars, Dallas, durable goods, economic, economy, Federal Reserve Bank, Federal Reserve Bank of New York, Federal Reserve System, homes, houses, housing, jobs, lending, Minneapolis, money, news, prices, reviews, sales, San Francisco, signs, strengthening, strong, trucks, upswing, uptick | Leave a Comment »
Posted by Warm Southern Breeze on Tuesday, September 11, 2012
As the president and others – nonpartisan and partisan alike – have noted, BIG BUSINESS should NOT need a bailout. They should be operated in such a manner as to allow the Free Market to decide how, to what extent, and if they prosper. As part of that process, ironclad and strong regulation to prevent fraud and abuse should be vigorously enforced. And chief executives Read the rest of this entry »
Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: "Occupy Wall Street", abuse, AIG, American International Group, bailout, banks, Big Business, business, consumer, corruption, economic, economy, entrepreneurship, federal, Federal Reserve, Federal Reserve Bank of New York, Federal Reserve System, fiscal, fiscal orgy, fraud, free enterprise, Glass-Steagall, Glass-Steagall Act, incestuous fiscal orgy, infographic, insurance, lobbyists, news, Occupy until I come., protection, stock brokerage houses, TARP, tax, taxes, Timothy Geithner, treasury, Troubled Asset Relief Program, United States Department of the Treasury, USA, Wall Street, waste | Leave a Comment »
Posted by Warm Southern Breeze on Thursday, July 26, 2012
Recollect the brouhaha over Vice President Joe Biden‘s remark Thursday, July 16, 2009 in Alexandria, Virginia?
He was speaking at an AARP-sponsored town hall meeting also attended by AARP CEO A. Barry Rand, Health and Human Services Secretary Kathleen Sebelius and Nancy Ann DeParle, Director of the White House Office of Health Reform.
Vice President Biden said, “Now people, when I say that, look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’ The answer is ‘yes,’ that’s what I’m telling you.”
“And folks look, AARP knows – and the people with me here today know, the president knows, and I know – that the status quo is simply not acceptable. Its totally unacceptable. And its completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially, Were going to go bankrupt as a nation. Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’ The answer is ‘yes,’ I’m telling you.”
Of course, Vice President Biden was speaking in context of the Affordable Care Act – also commonly known as “ObamaCare” – which the Government Accountability Office has shown has already demonstrated significant cost savings and proven to be business-stimulating legislation, and that to eliminate it’s protections would cost the federal government even more in the long-term.
Analogously, it’d be like having a fuel inefficient automobile – one that only got about 5 miles/gallon, or less. If you were to purchase even a used vehicle with twice the fuel economy – 10mpg – you could realize significant overall long-term savings. Simply ceasing driving will not solve any problem, but would rather create more problems.
Similarly, could you imagine having an inefficient Heating/Ventilation & Air Conditioning (HVAC) system? You gotta’ stay cool in the summer and warm in the winter – there’s no way around it. And to lower your average monthly utility bills by even 1/3 would be beneficial.
So, here’s a shocker for armchair philosophers, political pundits, amateur economists, Radical Republicans, TEA Party types and more: Government spending – in part – is a significant driver of our nation’s economy. And, spending on economic infrastructure is ALWAYS a most wise investment.
Because 1.) Materials and Manpower ALWAYS come from the PRIVATE SECTOR, and; Read the rest of this entry »
Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: AARP, Apple, budget, business, communications, computer, eCommerce, economic, economic infrastructure, economy, enterprise, entrepreneurship, GAO, Global Positioning System, government, Government Accountability Office, GPS, GPS III, GPS signals, hardware, infrastructure, Internet, Interstate Commerce, Interstate Highway System, iphone, jobs, Joe Biden, labor, Lockheed Martin, LORAN, manpower, money, Nancy Ann DeParle, policy, science, software, spending, telecom, Telecommunications, United States Department of Homeland Security, White House Office of Health Reform | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, April 25, 2012
“…distributions may be made to a participant who has not separated from service, provided the participant has attained age 23 years old…”
The bigger question is this: Can or will Mitt Romney give all Americans the same opportunity? Can or will his ideas and policy make everyone as rich as Croesus?
Let’s settle for “eliminate poverty.”
I think we know the answer to that one.
Bain’s Unusually Young Retirement Rollover Age: 23
April 2, 2012, 2:19 PM ET
By Mark Maremont
Bain Capital, the private-equity firm that Mitt Romney used to run, appears to have an unusual early-retirement age: 23.
That’s the age at which, according to a federal filing (PDF, page 25), Bain employees are allowed to roll over their retirement funds from a Bain profit-sharing plan into their own individual retirement accounts, or simply withdraw the money.
Federal law allows employees in such profit-sharing plans to roll over their funds into an IRA only under certain circumstances, such as when they leave their jobs, when they’ve been in the job a certain number of years, or when they reach a specified age, pension lawyers said. Normally, that age is something close to retirement, such as 50 or 55 years old.
“I’ve never seen or drafted a plan permitting a distribution as early as 23,” said Charles M. Lax, a pension attorney at Maddin Hauser in Southfield, Mich. He said the Bain arrangement Read the rest of this entry »
Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: Bain, Bain Capital, cash, economic, economy, Individual Retirement Account, Internal Revenue Service, IRA, Mitt Romney, money, news, pension, policy, politics, poverty, Republicans, retirement, roll over, SEP-IRA | Leave a Comment »
Posted by Warm Southern Breeze on Thursday, September 8, 2011
John McMillan, Commissioner for the Alabama Department of Agriculture and Industries, recently wrote President Obama and encouraged him “to submit to Congress the Free Trade Agreements with Colombia, Panama, and South Korea,” which he asserted “would create thousands of jobs for Alabama workers and farmers and gain new markets access for Alabama products.”
Typically, I don’t “rant and rave” about issues, even if they greatly disturb me. That’s just my “style.” Rather, I endeavor to share understanding with others, and to seek and consider others’ thoughts in the process.
This is one such rare exception.
And yet, that rant is saved for last. Being last, and the fact that it is a rant doesn’t necessarily make it the best part of this entry, however. So bear that in mind as you continue to read.
With all due respect for the issue of “free trade,” I think we Americans have been Read the rest of this entry »
Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Alabama, Alabama Department of Agriculture and Industries, Barack Obama, Colombia, Congress, economic, European Union free trade agreements, Free trade, Free Trade Agreement, Free trade area, Gross domestic product, Panama, South Korea, United States, United States Congress, Western Europe, World War II | Leave a Comment »
Posted by Warm Southern Breeze on Monday, May 16, 2011
The opening lyric to Hank Williams, Jr.‘s – aka “Bocephus” – 1982 song “A County Boy Can Survive,” is “And the Mississippi River she’s a goin’ dry.”
At this juncture, that certainly doesn’t seem to be the case.
The Mississippi River has flooded to such an extent that the U.S. Army Corps of Engineers has decided to open floodgates and allow excess water from the river to flow toward the Gulf of Mexico through alternate routes.
Weeks of heavy rains and runoff from the melting of an extremely snowy winter have raised Mississippi River levels to historic proportions. Over 3 million acres (1.2 million hectares) of farmland in Mississippi, Tennessee, Arkansas along the river have been flooded, evoking memories of floods in 1927 & ’37.
On Saturday, the Corps opened two of 125 floodgates at the Morganza Spillway, and opened two more today (Sunday, 15 May 2011). The spillway is 45 miles northwest of Louisiana’s capitol, Baton Rouge. The Corps hopes that by opening them, it will Read the rest of this entry »
Posted in - Even MORE Uncategorized!, - Faith, Religion, Goodness - What is the Soul of a man?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: Arkansas, Atchafalaya Basin, Baton Rouge, Baton Rouge Louisiana, community, disaster, economic, economy, FEMA, flood, flooding, Gulf of Mexico, hydrology, infrastructure, local, Louisiana, market, melt, Mississippi, Mississippi River, Morganza Spillway, nation, New Orleans, rain, resources, snow, society, South, state, Taxation, Tennessee, theory, United States Army Corps of Engineers | Leave a Comment »
Posted by Warm Southern Breeze on Friday, December 3, 2010
BMW Headquarters, Munich, Germany - Image via Wikipedia
By Dec 2, 2010 –
Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, secured funds from the U.S. Federal Reserve during the financial crisis to boost liquidity as other sources dried up.
BMW’s largest transaction under the Fed’s Commercial Paper Funding Facility was for $3.62 billion on Jan. 30, 2009, according to data released yesterday. BMW made “intermittent” use of the Fed program for refinancing at a time when other forms of credit were frozen, Mathias Schmidt, a spokesman for the Munich-based automaker, said today.
“We tapped into this program in 2008 and 2009 during the financial crisis …Continue…
Posted in - Read 'em and weep: The Daily News | Tagged: automobile, bail out, bailout, Barak Obama, Berlin, BMW, Bush, car, Chrysler, Commercial paper, Congress, Dubya, economic, economy, Federal Reserve System, financial crisis, Ford, General Motors, George W. Bush, Germany, GM, Harley Davidson, House of Representatives, luxury, motocycles, Munich, Obama, president, Rolls-Royce, senate, South Carolina, TARP, Troubles Assets Relief Program, USA, W | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, August 25, 2010
I got a pre-declined credit card in the mail.
African television stations are now showing ‘Sponsor an American Child’ commercials!
Wives are having sex with their husbands because Read the rest of this entry »
Posted in - Even MORE Uncategorized!, - Lost In Space: TOTALLY Discombobulated | Tagged: conditions, cute, economic, economy, funny, good humor, healing, health, humor, joke, laugh, laughter, medicine, one liners | Leave a Comment »
Posted by Warm Southern Breeze on Thursday, December 17, 2009
Nine TRILLION, one hundred BILLION…
Remember another number.
During the reign of King George W. Bush, just TWO of his failed policies have cost Americans $9,100,000,000,000.
What two failed policies are those?
The Bu$h tax cuts, and the creation of a Rx (prescription drug “benefit” written wholly by Big Pharmaceutical industry cronies.
The U.S. Census Bureau’s most current estimation of the population of the United States places 308,171,505 people in the United States as of December 17, 2009.
Put another way, that’s a cost of $29, 529 per person.
As a result of deregulation of the financial industries – banks, insurance and stock brokerages – thus creating one giant incestuous financial orgy, Americans have directly suffered under the thumbs of bankers and insurance companies, while their Wall Street cohorts, in conjunction with imaginative thieves, have twiddled and fiddled to create “investment derivatives” – essentially a Ponzi schemed fiscal fraud – out of thin air. That house of cards having collapsed, has revealed what was suspected all along. Outside the transparent dressing room of his glass house, the king had no clothes.
Driven by greed and an insatiable lust for more, …Continue…
Posted in - Lost In Space: TOTALLY Discombobulated | Tagged: avarice, banking, banks, Bush, collapse, Congress, cost, crime, criminal, deficit, depression, deregulation, derivatives, economic, economy, fiscal, fraud, George W. Bush, Great Depression, Great Recession, greed, GW Bush, incest, incorrigible, industry, insatiable, insurance, loss, lust, Office of Management and Budget, OMB, orgy, Ponzi, population, president, recession, regulation, Rx, scheme, screwed, W, Wall Street, White House | 1 Comment »