Tennessee ranks 43rd in the nation when it comes to Job Growth, according to the latest FDIC study, as is noted in Facing South in a post by R. Neal. The state is still tops in the nation (again) when it comes to personal bankruptcy filings. As I reported in earlier posts, the unemployment rate in the surrounding ET counties has been steady at 6 to 7% or higher.
And whatever you earn now, look for more tax hikes and tax bites out of your pay. The school system wants a segregated "international" school it can't pay for, which shifts the burden to county tax-payers, and the city won't even talk about it unless the county commits to funding it. The city is engaged in a wasteful $20 million creation of a cable, internet, and phone company to be operated by the utility system -- have you seen any ads for those jobs?? Nope. Guess they already know who they plan to hire. The latest stats on Bristol's jump into the media business show it's a huge loss:
"Bristol, Virginia, operates a municipal communications utility that it launched in 2002. It’s had net operating losses and negative free cash flow each year, which isn’t surprising for a start-up.
What is surprising is the utility’s advertising, programming, and finance costs are all rising faster than expected, making it unlikely it will ever achieve positive free cash flow. It was originally funded by a $15 million revenue bond issue, then refunded in 2004 at $27.5 million, it has borrowed $14.9 million from the electric utility, and it has had operating losses (including cost of capital and interest) of $8.6 million so far." via The Heartland Institute.
And before anyone tells you different, let me state is plainly - I do promotional work for Charter Commnunications, hosting a question and answer program with Charter executives about local issues and general questions about their operations. I am not a paid employee. And yes, this blog is monitored by certain local officials who fear the facts.
That said, if anyone wants to hire me, I am available and searching for jobs, like many many others in Tennessee.