The Weekly Market Snapshot from Frazier Allen
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
The Federal Open Market Committee left short-term interest rates unchanged and retained its conditional commitment to keep rates low for “an extended period.” The FOMC also repeated that its $600 billion asset purchase program will be completed by the end of this month. The FOMC noted that the economic recovery is continuing, but “somewhat more slowly” than had been expected. The slower pace of the recovery “reflects in part factors that are likely to be temporary, including the damping effect of higher food and energy prices on consumer purchasing power and spending as well as supply chain disruptions associated with the tragic events in Japan.”
In his post-FOMC press briefing, Fed Chairman Bernanke said that while Fed policymakers expects growth to pick up into 2012, “we don’t have a precise read on why this slower pace of growth is persisting.” The FOMC lower its expectations of GDP growth for this year (2.7%-2.9%) and next (3.3%-3.7%). The FOMC expects that the unemployment rate will to continue to decline, “but the pace of progress remains frustratingly slow.” [Read more]
The Clarksville Parks and Rec Report for June 26th
Billy Dunlop Park will be closed to the public July 10th-15th for Girl Scouts Day Camp and July 16th-22nd for Boy Scouts Day Camp.
Clarksville, TN – The weekly Clarksville Parks and Recreation Department Recreation Report provides Clarksvillians with a glimpse at the activities and events that are available from the Parks and Recreation Department for them to enjoy together as a family.
This weeks highlights include:
- Clarksville Downtown Market
- Pools Rentals
- Party in the Park
- Movies in the Park
- Fall Adult Softball/Kickball Meeting Scheduled
- Annual Independence Day Celebration
- Jammin’ in the Alley July 15th
APSU incurs lowest tuition increase by Tennessee Board of Regents
Salary Increases coming after 4-year Wait
Clarksville, TN – The Tennessee Board of Regents (TBR) today approved an 8.8 percent tuition and fee rate for Austin Peay State University. Although APSU officials prefer that students not incur tuition increases, APSU’s increase was the lowest among all TBR universities, community colleges and technology centers.
APSU President Tim Hall said, “We never want to put more financial burden on our students. However, we are fortunate to have the lowest increase among TBR institutions.” [Read more]
Summer Youth Program Continues, Spots Still Remain
Clarksville, TN – Think it’s too late to sign up for the City of Clarksville Parks and Recreation Department’s Summer Youth Program? Think again!
Woodlawn Elementary, Byrns Darden, Burt Elementary and Summit Heights still have spots available for children ages 6-12. Each of the sites with remaining capacity is open from 9:00am to 3:00pm Monday through Friday. Children must be picked up prior to closing. [Read more]
Stocks Fluctuate Sharply on Oil News
Fed’s Lower Economic Projections
Clarksville, TN – Stocks fell broadly before recovering in late trading Thursday as investors reacted to negative news on a number of fronts. On Wednesday came a downbeat assessment of the U.S. economy by Fed Chairman Ben Bernanke, and on Thursday a surprise announcement that the U.S. would tap into its Strategic Petroleum Reserve as part of an international effort to counteract oil shortages stemming from the ongoing conflict in Libya and unrest elsewhere in the Middle East.
The Dow Jones Industrials, which had been down almost 235 points during midday trading, finished 59.67 points lower at 12,050. Other major averages traced similar moves. [Read more]
Retirement Ceremony held for Six Clarksville Police Officers
Clarksville, TN – Six Clarksville Police officers had their retirement ceremony today with an official retirement date of July 1st, 2011. They were the first group of officers retired under the new retirement system adopted by the City of Clarksville for Public Safety employees.
The six officers have a combined total of over 160 years in law enforcement. This is also the largest single group of officers retiring at one time that anyone can recall.
(Left to Right) Chief Ansley, Officer Ortiz, Officer Dailey, Officer Brown, Lt Carney, Lt Tucker, Officer Bechtold, DC Parr. (CPD-Jim Knoll)
Listen to WJZM’s Clarksville in Review With Hank Bonecutter
Written by Nick Steward
Clarksville, TN – This Saturday I will be on WJZM 1400am’s Clarksville in Review.I will be discussing the events which took place on Thursday evening’s budget meeting and what it means for the tax payers of Clarksville.
APSU celebrates opening of Highland Crest Campus
Clarksville, TN – To help students earn degrees, sometimes a college or university has to go beyond its campus map and take education to where the students are.
That is what Austin Peay State University is doing at the new Highland Crest Campus in Springfield Tennessee.
“The future belongs to learners,” APSU President Tim Hall told a standing-room-only crowd June 22nd at the grand opening of Highland Crest Campus, Robertson County’s first higher education facility. “We are helping students to manufacture income factories of their own. Those earnings will be going to the life of this area.”
Several dignitaries from the Tennessee Board of Regents, Austin Peay State University, Volunteer State Community College and Robertson County celebrate the opening of the new Highland Crest Campus on June 22nd in Springfield. (Photo by Beth Liggett, APSU Public Relations and Marketing)
The second Magic at the Museum show is scheduled for Saturday evening, and tickets are still available!
Clarksville, TN – Magic at the Museum returns to the Customs House Museum on Saturday, June 25th with pre-show activities beginning at 6:30pm with a wine and cheese reception. The main stage show starts at 8:00pm. After a very successful first event that was geared towards children, this “Magic” event will appeal more to an adult audience. Come out for an amazing night of magic, music and comedy. [Read more]
Clarksville recognizes close ties with Military during Warrior Week Ceremony at Eternal Flame
Clarksville, TN – As part of the annual Warrior Week celebration (June 16th-24th), the Clarksville-Area Chamber of Commerce’s Military Affairs Committee held a ceremony at the Eternal Flame monument on Public Square honoring veterans past and present for their service and the sacrifices they make for our nation.
Warrior Week is a week-long celebration that honors military men and women, and their families. It gives local residents and businesses a chance to show appreciation for their service and sacrifice.
Clarksville Mayor Kim McMillan and Brig. Gen. Jeffery N. Colt, Deputy Commanding General of the 101st Airborne Division place a wreath at the Eternal Flame as part of the Warrior Week observances.
