Escolar Documentos
Profissional Documentos
Cultura Documentos
Independent Bank, State of Tenn. Get Money for Small Biz Lending (M. Daily News)
Small businesses in Memphis as well as across Tennessee stand to benefit from a pair of announcements unveiled Tuesday regarding targeted federal investment in the area. First, Independent Bank is getting almost $35 million to make available as loans to businesses with sales of up to $50 million, for agricultural loans and for owner-occupied real estate. That money is part of the U.S. Treasurys $30 billion Small Business Lending Fund enacted into law as part of the Small Business Jobs Act of 2010. The fund encourages loans to be made to small businesses by qualified community banks with less than $10 billion in assets. Independent, the second largest bank based in Memphis, is the first local community bank chosen to participate in the SBLF. Our banks performance has created the opportunity to offer this important small business incentive program locally, said Independent co-chair Susan Stephenson. http://www.memphisdailynews.com/news/2011/aug/17/independent-bank-state-of-tenn-get-money-for-smallbiz-lending/
Woman charged second time with TennCare fraud (Cookeville Herald Citizen)
A Coffee County woman is charged -- for a second time -- with TennCare fraud. The Office of Inspector General recently announced the arrest of Vickie Mae Zahn Collins, 38, of Manchester. This arrest was assisted by the Warren and Coffee County sheriff's offices. A Warren County grand jury indicted Collins for one count of TennCare fraud for knowingly obtaining medical assistance benefits she was not entitled to by means of false statement or concealment of material facts. Collins was just arrested last month on a TennCare fraud charge, also in Coffee County. She was accused of filling a prescription for the painkiller hydrocodone, which was paid
State encourages public input on school textbooks for 2012-13 (City Paper)
Tennessee education officials said Tuesday they are seeking public input on textbooks proposed for the 201213 school year. The books involve the following subjects: visual arts, music, theater arts, dance, spelling, literature, driver education, computer science, health sciences education, business technology, marketing education, technology engineering, education and trade/industrial education. The textbooks are now on display in 10 district collection sites across Tennessee. Those interested in reviewing the textbooks should contact the director of the textbook collection site in their area. Forms are available at each site for input and must be completed by Sept. 2. Our goal is to provide a wide variety of materials that enrich and support the curriculum and to address the varied interests, abilities and learning styles of students, Morgan Branch, director of textbook services, said in a release. In addition to citizen input, a state review committee of 34 public school teachers will assist Tennessee Textbook Commission members with their evaluation of the textbooks. http://nashvillecitypaper.com/content/city-news/state-encourages-public-input-school-textbooks-2012-13
McNally Pleased with Haslams Handling of Amazon Sales Tax Issues (TN Report)
Sen. Randy McNally, R-Oak Ridge, who has worked to require Amazon.com to collect sales taxes on its online sales, said Monday he endorses Gov. Bill Haslams efforts to resolve the issue, calling it a potential win-win solution for the state. McNally also said he appreciates efforts in the Haslam administration to set new guidelines on the handling of private letter rulings or written agreements specific to the taxpayer which might make the process more transparent yet still protect a taxpayers confidentiality. McNally, chairman of the Senate Finance Ways and Means Committee, noted new clout among members of the Legislature from the Chattanooga area, where two of the three distribution centers in the state announced by Amazon will be located. A third center has been announced for Lebanon in Wilson County. Haslam says his administration is in negotiations with representatives of Amazon on establishing a long-term relationship on sales tax collections. The governors efforts come in the wake of an agreement between his predecessor, Phil Bredesen, and Amazon, where the company was granted permission to operate its facilities in the state without collecting sales taxes. http://www.tnreport.com/2011/08/mcnally-pleased-with-haslams-handling-of-amazon-sales-tax-issues/
http://www.knoxnews.com/news/2011/aug/16/anderson-commissioners-ok-2475m-in-bonds-for/
Memphis City Council OKs $215 million to finance Pyramid-Bass Pro deal (CA/Maki)
The Memphis City Council has approved a $215 million financing package to turn The Pyramid into a Bass Pro Shops destination store and to invest in full ownership of the neighboring Memphis Cook Convention Center. The council voted 12-0 Tuesday in favor of the measure with little discussion. The Center City Revenue Finance Corp., the finance arm of the Downtown Memphis Commission, will issue bonds to fund the project, which are to be paid back through increased sales tax revenue collected Downtown. Beyond transforming the now-vacant Pyramid, both Bass Pro Shops and the city say they hope to create an active convention center district, focusing on the connections among The Pyramid, the Mississippi River, Memphis Cook Convention Center and the historic Pinch District. "This is bold action that will completely transform the face of the city," said Mayor AC Wharton. "Although there have been rough obstacles to overcome and high doubt, we're going to get this done." http://www.commercialappeal.com/news/2011/aug/17/transformation/
Corker: Federal regs on online taxes 3-4 years off (Associated Press/Schelzig)
Republican U.S. Sen. Bob Corker said Tuesday that could be three or four years before Congress passes national guidelines on tax collections by online retailers like Amazon.com. Corker told reporters after a speech to the Smith County Chamber of Commerce that he understands the complaints of local retailers. "The brick and mortar stores have turned out to be places where people look at the product and try it on and see if it works for them," he said. "And then they go to the Internet and actually buy the product with sales taxes. "Obviously that's unfair." Questions about online sales taxes have come into focus in Tennessee after the state last year struck a deal with Amazon to waive the requirement for the online retailer to collect the taxes on distribution centers being built in the state. Amazon has said it expects to create 1,200 full-time jobs in Bradley and Hamilton counties, and the company has since announced it will build another facility in Lebanon. http://content.usatoday.net/dist/custom/gci/InsidePage.aspx?cId=tennessean&sParam=37238209.story
Corker says Internet sales tax collections will be resolved (Times FreePress/Sher)
U.S. Sen. Bob Corker said Tuesday it may take years before Congress enacts legislation letting states collect sales taxes to items sold over the Internet. Corker, R-Tenn., said he realizes the sales tax issue is a problem not only for state and local governments but for traditional retailers. I have a feeling that, over the next three or four years, its something that will be resolved, I really do, Corker told reporters following an address to the Smith County Chamber of Commerce. Corker said he cant say if he will support legislation sponsored by Sen. Dick Durbin, D-Ill., that would let states compel Internet retailers to collect sales taxes when they do not have a physical presence in a state. I dont know, Corker said. I dont know what the details of it are. I know that it [legislation] is actually changing right now. Tennessee Gov. Bill Haslam is grappling with a sales-tax collection controversy involving the states recruitment of Amazon to build distribution centers in Hamilton and Bradley counties. http://www.timesfreepress.com/news/2011/aug/17/corker-says-internet-sales-tax-collections-will-be/?local
U.S. Sen. Bob Corker sees future action on Web tax (Commercial Appeal/Locker)
Understands both sides of the issue Gov. Bill Haslam wants Congress to pave the way for states to collect more sales taxes on products sold over the Internet, but U.S. Sen. Bob Corker said Tuesday that congressional action on the issue is probably three or four years away. Corker, R-Tenn., said he understands both sides of the issue. But he said he doesn't know if he will support the legislation currently pending for a national solution to the Internet sales tax issue, introduced last month by Sen. Dick Durbin, D-Ill., and backed by the online retailing giant Amazon.com. "I know it's a problem. In my former life, I built shopping centers. They were bricks and mortar and I know that retailers who invest in bricks and mortar have a disadvantage over those who sell products over the Internet. I think there will be a solution ... I have a feeling that over the next three or four years, it's something that will be resolved. I really do," Corker told reporters after addressing the Smith County Chamber of Commerce here Tuesday afternoon. http://www.commercialappeal.com/news/2011/aug/17/corker-sees-future-action-on-web-tax/
Tea party protesters slam Diane Black for debt vote (Gannett)
About 50 tea party activists chanted Bye, Bye Black on Tuesday to show their frustration over U.S. Rep. Diane Blacks recent vote to raise the federal debt ceiling. A few dozen of those attending the rally on the sidewalk in front of Blacks office in Murfreesboro also held 21 signs together to tell the Gallatin Republican why theyre upset with her. Diane Black $25 trillion in debt? Are you serious? We reject your road to serfdom! The debt is projected to reach $25 trillion by 2020 unless Congress takes action to reduce it. The crowd responded to fellow tea party organizer Micah Forrests call to hold a protest rally at Blacks office here. Rutherford County is the largest county in the 15-county 6th District represented by Black. I wanted the people inside (Blacks office) to see the sign because we are trying to get their attention, Forrest said. Black, however, was not in town Tuesday. A Murfreesboro resident, Forrest told the crowd he was upset about leaders in Washington meeting in private to make decisions involving the nations debt. Diane Black, why do you put up with that? Forrest told the tea party crowd. They are talking about trillions and trillions of dollars. Its pretty disgusting. http://www.tennessean.com/article/20110817/NEWS02/308170131/Tea-party-protesters-slam-Diane-Blackdebt-vote?odyssey=tab|topnews|text|News 5
Health-Plan Buyers Get a Look Under the Hood (Wall Street Journal)
Consumers shopping for health insurance will soon get a peek at a new standard formakin to the nutrition label on food productsthat will lay out the details of each policy, from deductibles to how much it might cost to have a baby. Federal regulators are expected to unveil the proposed summary form, part of the health-care overhaul law, on W ednesday, and the requirement is supposed to take effect next March. "Now, every consumer will have clear, easy-to-read, and concise information that tells them what they need to know," said Erin Shields, spokeswoman for the Department of Health and Human Services. Officials including Don Berwick, administrator of the Centers for Medicare and Medicaid Services, are scheduled to announce the proposal. Currently, states mandate certain disclosures from health insurers, but they vary by state. The information often comes as part of a document known as the certificate of coverage or evidence of coverage, which can run to dozens of densely written pages and is often supplied only after a consumer has signed up for a policy. Employers offering coverage typically provide materials to their workers, but these also don't follow any common national format. http://online.wsj.com/article/SB10001424053111904253204576512494056148396.html?mod=ITP_pageone_1 (SUBSCRIPTION) 6
and earnestly the board wants to cooperate with SCS, giving it all the information the city board deems necessary to begin the process. Memphis Supt. Kriner Cash appealed for peace and an end to the backbiting that he blames the media for promulgating. "The notion that no one is cooperating needs to stop," he said, blaming inaccurate, sensational news coverage for creating the impression that the school systems are at loggerheads. "Stop pitting us against the other, and on and on and on, the same record and it is broken," Cash said. Last January, county school administrators asked the city schools for information on school, business and personnel records. http://www.commercialappeal.com/news/2011/aug/17/mcs-cooperating-with-county/
Newcomers Over Veteran Teachers? MCS Says Not True (WREG-TV Memphis)
Memphis teachers argue more senior employees of the district are being pushed aside in favor of those with no experience. But the school board says it's not true. This didn't used to be a big issue when there were more openings. But with drastic cuts this year, existing employees who have yet to be placed, compete with outside candidates for vacancies. The school district is now giving principals unprecedented authority to hire whom they believe is the best fit, instead of having faculty placed at schools by the district. This means a principal can now also choose from a wider variety of candidates. In addition to existing MCS employees who were surplussed, people from organizations like Teach for America can be considered. The issue burst into heated debate recently when the public learned MCS renewed a contract with a non-profit teacher training organization called Memphis Teacher Residency. http://www.wreg.com/news/wreg-newcomers-over-veteran-teachers-mcs-says-not-true20110816,0,7841163.story?track=rss
MORE
OPINION Editorial: Better DMV service would put better face on state government (J. Sun)
For many Tennesseans, their primary interaction with state government takes place at the local driver's license bureau. Anyone who has been to one already knows the rest of the story: long waits, impersonal service, confusing paperwork, inconvenient hours of operation and, in some counties, lack of convenient office locations. Frankly, it is not the best face of state government. Fortunately, steps are being taken to improve service. Tennessee Department of Safety and Homeland Security Commissioner Bill Gibbons is taking steps to improve state services for drivers and others who interact with the Department of Motor Vehicles. He has appointed Memphis police Col. Lori Bullard as assistant commissioner of driver services. Bullard's reported strength is employee training. The 25-year veteran of the Memphis Police Department has extensive experience in all facets of law enforcement work and training. Police work is public service of the first order, often under difficult and stressful circumstances. She should be a natural at improving customer service at state driver's license centers. http://www.jacksonsun.com/article/20110817/OPINION01/108170307/Editorial-Better-DMV-service-would-putbetter-face-state-government
loss of stimulus funds for higher education. Since July 1, we at the University of Tennessee have stood at the bottom of that cliff, and I am pleased to report we are basically OK. As the academic year begins and almost 50,000 students return to our campuses across the state, were prepared to meet their needs and continue our pursuit of excellence in every aspect of our statewide mission. But we are a good bit leaner. Some classes are going to be substantially larger, with fewer faculty to teach them. Fewer course sections are available for several courses. The grass is cut less often, and we are doing more with less on every front. We began our new fiscal year July 1 down $112 million in state funding from 2008 about 22 percent. Three primary factors enabled us to climb down the cliff: W e had two years to prepare, and we planned well. Two years ago, our Board of Trustees launched a systemwide effectiveness and efficiency initiative that has achieved more than $52 million in savings to date. http://www.tennessean.com/article/20110817/OPINION03/308170090/UT-places-itself-austere-solid-ground? odyssey=mod|newswell|text|Opinion|p
Frank Munger: Time running short on USEC's loan quest (Knoxville NewsSentinel)
Deadline after deadline seems to pass on USEC's application for a $2 billion loan guarantee from the U.S. Department of Energy, yet the company continues to tread water and keep alive its plans for a new uraniumenrichment plant in Ohio. The manufacturing of machines for the American Centrifuge Project is based in Oak Ridge, where USEC has a partnership with Babcock & W ilcox. Hundreds of jobs are on the line there. USEC had hoped to reach at least a tentative or conditional agreement with DOE by the end of July. But that didn't happen, which in turn threatened the basis for its multi-phase agreement with strategic investors Toshiba and B&W. This week, however, USEC announced that Toshiba and B&W had extended their last-ditch "standstill agreement," and that reportedly will maintain some financial stability until the end of September and give more time to work out a deal with DOE. It would appear, however, that if DOE doesn't come to a decision soon and approve the big loan guarantee, that the American Centrifuge Project could be shut down. But, even as time seems to be running out, USEC continues to project optimism. http://www.knoxnews.com/news/2011/aug/17/time-running-short-on-usecs-loan-quest/ 10
###
11