Mathews Nissan unveils Commercial Vehicles
Clarksville, TN – Representatives from Nissan North America, Inc. Commercial vehicle division were on hand to help Mathews Nissan unveil their new line of Nissan Commercial vehicles.
The fleet includes the NV1500 or 1/2 ton van, the NV2500 HD, 3/4 ton van and the NV3500 HD, the one ton van.
(L-R) Cristi K. Brown, senior manager Fleet and Commercial Vehicle Marketing; Mark Namuth, senior manager Dealer Commercial Sales; O.B. Garland, Vice President of Mathews Nissan; Joe Castelli, Vice President Commercial Vehicle and Fleet; Michael Keleher, senior project manager Commercial Vehicle and Fleet; and Patrick Byrnes, regional Commercial Operation Manager.
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 March Employment Report was good, but not great. Nonfarm payrolls rose by 216,000 – a 159,000 monthly pace in 1Q11 (about 130,000 would correspond to trend growth in the working-age population, and we’d rather see +300,000 per month for a couple of years to make up for the jobs lost during the recession). Private-sector payrolls rose by 230,000, up 1.5% from a year ago. State and local government shed 15,000, following a 46,000 decline in February (-282,000, or -1.4%, from a year ago). The unemployment rate edged down to 8.8%, vs. 8.9% in February and 9.8% in November. The employment-population ratio, a better measure of capacity utilization in the labor market, edged up to 58.5%, trending gradually higher in recent months, but little changed from a year ago. Average hourly earnings and average weekly earnings were flat (up 1.7% year-over-year and 2.3% year-over-year respectively – note that the Consumer Price Index rose 2.1% in the 12 months ending in February). [Read more]
Clarksville Department of Electricity announces addition of 10 New Channels, including 6 HD
Clarksville, TN – CDE Lightband, the broadband services provided by the Clarksville Department of Electricity announces the addition of four new cable networks AND six new high definition networks to the Lightband HD channel lineup on April 1st, 2011.
The HD networks are being added to compliment the current standard definition network carried by CDE Lightband. [Read more]
Mathews Suzuki inducted into Suzuki Presidents Club
Clarksville, TN – Mathews Suzuki of Clarksville was inducted into the Suzuki President’s Club during a ceremony at the dealership. Presenting the award was Pat Murphy of American Suzuki Motor Corporation.
(L-R) David Carson, General Manager for Mathews Suzuki; Derek Davis, Finance Manager; Gary Mathews, partner for Mathews Nissan Suzuki; Matt Hall, New Car Sales Manager for Mathews Suzuki; O.B. Garland, Vice President of Mathews Nissan Suzuki; and Ron Reinhard, General Manager for Mathews Nissan Suzuki.
Wild Woody’s Saloon Opens in the Two Rivers Center
Wild Woody's Saloon - Pool Room
Clarksville, TN – Clarksville’s new hot spot opened it’s doors on Friday night inside the Two Rivers Center. As many business owners are bouncing back from the Great Flood of 2010, others are taking advantage of space that has come available.
Wild Woody’s is located at 700 North Riverside Drive Suite C-7. Just a few doors down from Hooters. The doors officially opened at 8:00pm Friday night and for awhile it was standing room only. [Read more]
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
February new home sales, existing home sales, and durable goods orders were all weaker than anticipated (new home sales hit a record low!), but the stock market didn’t care. Portugal’s government collapsed after a failure of a vote on austerity measures. Japan’s nuclear problems did not go away. The conflict in Libya continued. Apparently, there’s still plenty of cash in the market looking for something to do.
The Federal Reserve announced the Chairman Bernanke will hold press briefings four times per year to present the Federal Open Market Committee’s current economic projections and to provide additional context for the FOMC’s policy decisions. For 2011, these briefings will be held at 2:15pm following the FOMC decisions on April 27th, June 22nd, and November 2nd. On these days the release of the FOMC policy statement will be moved up to 12:30pm. The Fed said that “the introduction of regular press briefings is intended to further enhance the clarity and timeliness of the Federal Reserve’s monetary policy communication.” Fed officials were reported to have been taken off guard by the widespread criticism of policies undertaken in 2010. [Read more]
McDonald’s on Riverside Drive now Re-open
Clarksville, TN – It’s been 10 months since the Great Flood of 2010, but Eric Larson the owner of Larson Enterprises remembers it well. “”When the manager got here that morning at 5:00am and the water was on the far side of the intersection. We thought that it would stop by time it reached the sidewalk, but instead it kept inching up all day. The old store was raised up slightly so towards the end it was like an island surrounded by the rising water.”
Indeed many of you remember the sight of the lone car abandoned at the drive-thru window. “The driver of the car was not allowed to leave by the police, who feared that the water around the store had gotten too deep.” Larson said. “The water kept rising and before you know it, we had 2-1/2 foot of water in the store, the water got up to the table tops.”
Clarksville Leaders make Nashville Post’s “In Charge” List
Nashville, TN – Clarksville Mayor Kim McMillan is among a handful of local people who made the Nashville Post’s “In Charge” list of Middle Tennessee’s business and political “power brokers.”
This is the second year the prominent Music City business publication has recognized those in the Nashville area who have “the ability to use a position to create opportunity for others … in business, government or on broader civic issues,” according to the magazine’s March/April issue. The list was broken into various categories such as Banking & Finance, Education, and Government/Politics, in addition to Media, Music, Sports and Technology. [Read more]
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
There were plenty of economic data reports, but the focus was primarily on Japan. Worries about trade and supply-chain disruptions, as well as escalating problems at damaged Japanese nuclear reactors, sent global equity markets sharply lower. However, the U.S. stock market rebounded broadly. G7 finance ministers and central bankers agreed to rare coordinated intervention in the currency markets to prevent the yen from strengthening. Late Thursday, the U.N. Security Council agreed to set up a no-fly zone in Libya and there were reports of U.S. arms being supplied to the opposition thru Egypt, but on Friday, Qaddafi signaled a cease-fire.
The Federal Open Market Committee left short-term interest rates unchanged and kept its conditional commitment to keep rates low for “an extended period.” The FOMC recognized that higher prices of energy and other commodities will put upward pressure on consumer price inflation in the near term, but said that it expects the impact to be “transitory.” Still, the FOMC promised to watch the underlying trend in inflation and inflation expectations closely. [Read more]
Riverside Drive Wendy’s Re-Opens at Last
Clarksville, TN – “It’s been a long ten months,” according to Wendy’s of Clarksville Mike O’Malley speaking about the re-opening of the Riverside Drive Wendy’s location. The store was stripped of everything that wasn’t nailed down just before the rising flood waters deluged the store with 4′ of water in May 2010.
After the flood some tough choices had to be made, including the making the decision to totally rebuild, or not.
A young man ordering a Frosty is the first customer at the newly re-opened Wendy's Restaurant
