Tag Archives: Finances

Concern about the collapse of the Silicon Valley Bank should not drive individuals to participate in bank runs. That’s according to Tennessee Tech Finance Associate Professor Alma Nunez. She said the concern about banks failing and withdrawing funds can actually lead to the failure of the banks themselves. “What we have now is called deposit insurance,” Nunez said. “So the ... Read More »

After a tumultuous period for Cookeville Regional Medical Center finances, CEO Paul Korth said the hospital is seeing positive change. In September, the hospital laid off six upper-level management positions citing budgetary concerns. Korth said rising healthcare costs had been affecting hospitals nationwide, and was not unique to Cookeville Regional. “We’ve made a lot of cuts recently to get in ... Read More »

Cookeville Regional doing everything in its power to continue its operations and deliver the best care possible in the face of rising healthcare costs. That according to CEO Paul Korth. Korth said rising costs are affecting hospitals nationwide. “We’ll be holding on some of our capital purchases that we were planning on doing,” Korth said. “Just to make sure that ... Read More »

A Tennessee Tech professor says that the stock market up 14 percent since the start of last year is indicative of a comeback in money flow after COVID. Dean of Tennessee Tech’s College of Business Thomas Payne said that this is due to consumerism driving the economy. “Folks are spending again that’s coming back,” Payne said. “Also it is a ... Read More »

The Tennessee Comptroller’s Office has concerns about Van Buren County wanting to have its own general sessions court. John Dunn is Director of Communications for The Tennessee Comptroller of the Treasury. Dunn said adding a judge would require significant funding and the county would need to show it can cut its budget by whatever the cost could be. “We have ... Read More »

Overton County officials are filing for an infrastructure grant that may not be enough to cover pandemic costs. Governor Bill Lee announced Monday grant money to be distributed to every county and city governments in Tennessee for one-time local expenses in 2021’s fiscal year. County Executive Ben Danner said the county is expecting to lose $1 million in revenue over ... Read More »