The recovery-less ‘recovery’
Our nation’s economic downturn has seemed to go on forever, even though it was perhaps two years, but supposedly, the economic news is good from here on out. The government has reported 3.5 percent annual growth in the third quarter of this year, so that means the recession officially has ended.
Just in time for [...]
Crowe Horwath offers tips to help cash flow
During the financial crisis and ensuing recession, credit has become increasingly difficult to obtain for middle market companies with annual revenues between $20 million and $500 million. According to a recent Federal Reserve Board survey of lending officers, during the past three months, U.S. banks have continued to tighten standards and terms on all [...]
Five pitfalls you should avoid in retirement
You work hard and save aggressively so that one day you can retire from the workforce. When the fabled day arrives and you enter the blissful state of retirement, you may be tempted to think you’re done agonizing over your money and savings. The truth is the hard work is probably just beginning. [...]
Year-end tax strategies in a down year
Year-end tax planning this year will be different from years past, largely because of the recession. For many taxpayers, the year has meant a job loss, a job with less income or perhaps a home foreclosure. If you own a small business, chances are you have seen revenue drop by 10 to [...]
ICBA offers tips on how to guard against identity theft
Close to 10 million people each year have their personal information such as Social Security numbers, credit card and bank account numbers and home addresses stolen, according to the Federal Trade Commission. Victims of identity theft spend approximately $5 million a year repairing their credit, and businesses are now dealing with nearly $50 million in [...]
Politics above economics: Obamanomics
Obamanomics \ oh-‘bah-ma-‘nom-ix\ n (2009): the act of promoting a political agenda using economic scare tactics, unqualified personnel, rhetoric and hubris, generally accompanied by hope and desperation as substitutes for competence and good ideas.
ObamaCare is hopefully dying a slow death but Obamanomics appears to be with us for at least the next [...]
Sevier County Bank celebrates 100 years
By Jayne Andrews
While the economiy has stifled many banks and other financial institutions in the past year, Sevier County Bank is expanding its number of branches in 2009. Earlier this year, the bank opened a new branch in Seymour, Tenn., while celebrating 100 years of service to Sevier County. Then, on Oct. 19, [...]
