The Weekly Market Snapshot from Frazier Allen for the week of January 13th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic calendar was thin. Jobless claims continued to trend at a moderately low level. The trade deficit widened unexpectedly in November. As a result, net exports are likely to subtract from 4Q12 GDP growth.
With little economic data, the stock market began to focus on earnings reports. President Obama nominated Jack Lew to succeed Timothy Geithner as treasury secretary. The move likely signals an emphasis on upcoming battles. Lew currently serves as Obama’s chief of staff. He also ran the Office of Management and Budget for both Clinton and Obama. [Read more]
Dr. Richard C. Ribeiro changes name of practice to Clarksville Smiles
Emphasizes Expanded Services
Dr. Richard C. Ribeiro
Clarksville, TN – Clarksville Smiles is the perfect description for the mission set forth by Dr. Richard C. Ribeiro to provide a comprehensive array of dental services in a comfortable and relaxing environment.
With advanced technology accompanied by various sedation options, smiles are turning up all over.
“A beautiful smile enhances not only your appearance but also your overall health”, explains Ribeiro. “The technology that we use was once only available in Nashville and we are happy to offer these services locally. That alone made it important to choose ‘Clarksville Smiles’ as our new name.” [Read more]
Spring-Green Lawn Care to Debut in Clarksville Tennessee
Franchise owner to service Middle Tennessee
Plainfield, IL – Spring-Green Lawn Care’s newest franchisee, Howard Graber, will open the doors in Clarksville, Tennessee, in January. He will service Middle Tennessee from Clarksville, TN to Hendersonville, TN.
Graber spent the last 12 years as a consultant providing financial management services for companies in industries like technology, apparel, automotive, salvage and security. Previously, he helped start several manufacturing operations within Honeywell International and worked in business acquisitions and divestitures in the heavy truck and food industries. [Read more]
The Weekly Market Snapshot from Frazier Allen for the week of January 6th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
On New Year’s Day (technically, the December 31 legislative workday), Congress approved the Senate’s plan to lessen the impact of the fiscal cliff. The American Tax Relief Act (ATRA) raises taxes for upper income households. The passage of the plan removes a major uncertainty for the financial markets. That is, we now know what tax rates are going to be.
However, there were a number of problems with the plan. Congress failed to prevent (or offset) a two percentage point increase in payroll taxes, which should dampen consumer spending growth in the near term. The bill postponed large spending cuts by two months, did little to reduce the long-term budget shortfall, and did not address the federal debt ceiling. [Read more]
Clarksville Area Chamber of Commerce January Events
Clarksville, TN – The Clarksville Area Chamber of Commerce announces upcoming events during the month of January.
On January 15th, the Chamber will be hosting the annual Mayors’ Power Breakfast at the Riverview Inn, 50 College Street at 7:30am. During this popular event, both County Mayor Carolyn Bowers and City Mayor Kim McMillan will share their accomplishments of the past year and their goals for 2013. [Read more]
Final Group of 2012 Working Towards Green Certification
Montgomery County, TN – A seventh group of participants completed the Clarksville-Montgomery County Green Certification Program (CMCGCP) workshops this month.
The group began the process in October 2012 with plans to complete their certifications by April 2013.
Back Row: Kenny Daugherty, Bridgestone Metalpha, USA and CMCGCP workshop presenter; Matt Lyle, Lyle-Cook-Martin Architects; Kevin Judish, Mann, Smith & Cummings; Joey Smith; Montgomery County Health Department; Deb Haines-Kulick, Clarksville Association of Realtors; Anthony Johnson, Moore Magnet School and Brad Martin, Lyle-Cook-Martin Architects. Front Row: Martha Hendricks, Clarksville-Montgomery County Public Library; Lynn Hunter, Clarksville-Montgomery County Public Library; Amanda Willis, Autobody America a Service King Company; Tara Curtis, West Gate Inn & Suites; Brenda Colley, Grace Church of the Nazarene and Diane York, advantage Learning Center.
Riverview Inn to offer New Year’s Eve packages
Clarksville TN – How do you plan to ring in the New Year? Since the Mayan’s were wrong, we may all be in for a little “extra” celebrating. You don’t have to go far to have a safe and fun filled New Year’s celebration, all in one place.
The Riverview Inn in Clarksville, TN.
Wyatt-Johnson “Shares the Love” and Christmas dinner with Fort Campbell soldiers
Clarksville, TN – A group of very special USO soldiers and their families from Fort Campbell recently enjoyed a delicious holiday meal and a visit from a jolly old elf while celebrating a wonderful cause.
As the soldiers, families and children (approximately 130 people total) arrived at the Wyatt-Johnson Subaru-Hyundai-Mazda dealership, they were greeted by Santa’s helpers (aka Wyatt Johnson employees) and were served a traditional Christmas meal catered by Margie Johnson. The group feasted on ham, turkey with all of the fixings, and a variety of delicious desserts.
Wyatt-Johnson Subaru dealership team.
B. R. Miller and Co., Inc. General Contractors Receives Their Green Certification
Clarksville, TN – The B. R. Miller and Co., Inc. General Contractors received their Green Certification during a Green Ribbon Cutting Ceremony attended by the Montgomery County Mayor Carolyn Bowers at their offices on December 18th just a week before Christmas.
The ceremony celebrated their successful implementation of green initiatives and completion of the Clarksville-Montgomery County Green Certification Program.
The Green Ribbon Cutting Ceremony at B. R. Miller and Co., Inc. General Contractors on December 18th, 2012
The Weekly Market Snapshot from Frazier Allen for the week of December 23rd, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Stock market participants were encouraged by progress (over the weekend) in fiscal cliff negotiations. However, the two sides remained far apart and discussions stalled on Tuesday. House Speaker Boehner proposed a plan B, which would raise taxes on those making more than $1 million per year. However, the plan faced opposition from Senate Democrats, a threat of a presidential veto, and rejection from some of the more conservative members of the House.
Lacking enough votes within his own party, Boehner pulled the plan on Thursday evening. The result was an even greater bargaining advantage for the Democrats and a near certainty of going over the cliff. There’s still a strong belief that a deal will be reached in January or early February, but negotiations may have to start over with the new Congress. Post-cliff, however, Republicans would be able to vote for tax cuts rather than tax increases. [Read more]
