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(Times Free Press) "David Penn, director of the Business and Economic Research Center at Middle Tennessee State University, said he expects the economy to continue to improve this year, albeit at a more tepid pace than most recoveries. . . ." [more]
http://tinyurl.com/3zbdtzf From the Tennessean:"There's no question a lot more is needed," said economist David Penn of Middle Tennessee State University, adding that he believes targeted tax breaks are more effective. Even if Obama's plan is enacted in its entirety, which is widely considered unlikely because of Republican opposition, "it'll have a modest impact. It's certainly not going to fix the problem."
MTSU economist David Penn in the Tennessean: "It should have been done six months ago," said Middle Tennessee State University economist David Penn. "The only thing positive you can say is that it is done. But taking us right to the brink cannot have done anything positive for the economy... What we need is a long-term plan to deal with the debt and entitlement programs." [article]
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From the Tennessean: "The biggest challenge is generating enough jobs relative to the demand for jobs out there," said David Penn, an economist at Middle Tennessee State University in Murfreesboro.
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From the Tennessean: “Given the scope and impact of the flood, it is not an exaggeration to suggest that Nashville has experienced a double recession: one due to national economy, the other due to the flood,” said Murat Arik, associate director of the Business & Economic Research Center at Middle Tennessee State University in Murfreesboro.
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From the Tennessean: "The dramatic impact here of Opry Mills' reopening would be sparked because the 3,000 new jobs would end up putting an additional 1,500 people to work through indirect jobs, meaning a total of 4,500 jobs pumped into the labor market, said Arik, associate director of the Business and Economic Research Center at MTSU."
Latest business headlines for Tennessee and its 10 metropolitan statistical areas:
The Federal Reserve Bank of Atlanta's blog Southpoint cited BERC research in its post "Confidence Improving in the Region": "As an aside and a plug for our friends at MTSU's Business & Economic Research Center, see their heat maps of Tennessee's employment picture. They also provide similar maps for major state metro areas, including Nashville."
Stephen Moore to Discuss Government, Taxes, State of National Economy
Stephen Moore, senior economic writer for The Wall Street Journal and a member of the WSJ’s editorial board, will lecture on current events Thursday, Feb. 10, at 7:30 p.m. in the State Farm Lecture Hall of MTSU’s Business and Aerospace Building.
Moore is the author of five books, most recently Bullish on Bush: How the Ownership Society is Making America Richer. He also is the former president of the Free Enterprise Fund, a nonprofit advocacy group for limited government and tax relief, and the founder and former president of the Club for Growth, a political action committee committed to less government and lower taxation.
A former consultant to the National Economic Commission and ex-research director for the Commission on Privatization under President Regan, Moore’s resume also includes stints at two Washington-based think tanks, the Heritage Foundation and the Cato Institute.
A question-and-answer session will follow the lecture. This event, which is free and open to the public, is sponsored by the Jennings A. Jones College of Business, the Wright Travel Chair in Entrepreneurship and the Young America’s Foundation. For more information, contact Doug Tatum at 615-898-2785 or dtatum@mtsu.edu.
Charles Baum has been selected as the next chair of MTSU's Department of Economics and Finance and will assume his duties on July 1, 2008. Baum received his Ph.D. in economics from the University of North Carolina at Chapel Hill. An expert in labor economics, Baum is widely published and his research currently focuses on the links between various economic factors and obesity. He also serves as the director of MTSU's graduate program in economics. Baum replaces retiring chair John Lee.
Dr. Kenneth Hollman, chairholder, Tommy Martin Chair of Insurance, was inducted into the Robert E. Musto Tennessee Insurance Hall of Fame last night at the Franklin Marriott in Cool Springs. The two other inductees were Edwin W. Craig and John A. Spann, Jr., both deceased.
From MTSU's Today's Response: "Inductee Dr. Kenneth W. Hollman ... serves as a mentor to aspiring insurance professionals and is a resource person for the industry. Edwin Craig joined the National Life & Accident Insurance Company in Nashville, played a role in the company’s decision to enter broadcasting, and was instrumental in launching the Grand Ole Opry. The late John Spann was twice honored as Professional Insurance Agents of Tennessee’s Agent of the Year, serving as the organization’s vice president and president."
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