UTC Lecture Addresses Financial Crisis

Saturday, September 29, 2012

John A. Allison IV, former Chairman of BB&T Corporation, will present the 2012 Burkett Miller Distinguished Lecture Series with the topic “The Financial Crisis: Causes and Consequences.”  This event is sponsored by The Scott L. Probasco, Jr. Chair of Free Enterprise.

 

The lecture will be on Monday, Oct.

8, at noon in the University Center Auditorium at the University of Tennessee at Chattanooga. Admission is free; seating is limited and will be available on a first come, first served basis.

 

BB&T Corporation is the 10th largest financial services company in the U.S. Allison is recognized internationally for his leadership in opposing the federal government bailout of banks in the recent financial crisis. During his tenure as CEO, BB&T grew from $4.5 billion to $152 billion in assets. Allison is a frequent contributor to The Wall Street Journal and USA Today, and lectures frequently on university campuses.

 

Dr. J.R. Clark, who holds the Scott L. Probasco, Jr. Chair of Free Enterprise, encourages everyone, especially students, to attend Allison’s lecture to learn about the recent recession in order to prepare for their financial future. “Only by realizing the risks inherent in both market solutions and government programs, can students make future financial decisions in their best interests,” Dr. Clark said.

In his lecture, Mr. Allison will provide an insider’s perspective on both the causes and consequences of the recent financial crisis and the recession that followed. His lecture will contrast government policy and market failure as contributing factors of the crisis and how the fundamental principles of “life, liberty, and the pursuit of happiness” may contribute to recovery and long-term economic vitality.

 

Dr. Bradley Hobbs will critique Allison’s presentation.  Hobbs is a Professor of Economics at Florida Gulf Coast University specializing in financial markets.  He is widely published in Entrepreneurship: Theory and PracticeThe Journal of Accounting and Finance ResearchJournal of Real Estate ResearchLaissez-FaireThe Journal of Private Enterprise, and Research in Finance.  He currently serves as President of The Association of Private Enterprise Education, resides on the Research Advisory Council of the James Madison Institute, and is a member of The Mont Pélerin Society.

For more information on the speaker and speech, contact the Probasco Chair at 425-4118.


583 Millionaire Readers To Be Recognized At Ganns Middle Valley Elementary School

Hamilton County’s Read 20 Program is dedicated to creating a strong community of readers by promoting the importance of reading with children at least 20 minutes a day or more, officials said.  This year, eight elementary schools participated with 1,417 students reading above and beyond what is expected within the course of a school day; reading one million or more words ... (click for more)

Lee Student Releases Hebrew Study Book

Rosalyn Small finished her undergraduate degree at Lee University in Biblical and Theological Studies on May 7. One week earlier, her recently-published book, “What Are You Looking at?: A Bible Study Through the Names of the 12 Sons of Israel,” went up on Amazon.com, marking the culmination of her undergraduate studies at Lee and showing the depth of her ongoing scholarly pursuits.  ... (click for more)

Settlement May Be Close In Government's $1.8 Billion Case Against Cleveland, Tn.-Based Life Care Centers Of America

A settlement may be close in the federal government's massive False Claims Act case against Cleveland, Tn.-based Life Care Centers of America. Attorneys have asked Chattanooga Federal Judge Sandy Mattice to put a 30-day hold on depositions, saying a settlement is in the works. Judge Mattice granted the motion. The government says claims in the case amount to $1.8 billion. ... (click for more)

Erlanger Projecting $15.2 Million Profit In Aggressive "Growth Budget"

Erlanger Health Systems is projecting a $15.2 million profit in an aggressive "growth budget" for the upcoming fiscal year. President Kevin Spiegel, who has led the public hospital to a succession of profitable years, said the projections are based on a TennCare waiver being renewed once again. He said if it is not renewed, then the hospital will have to completely rework the ... (click for more)

Late-Night Harassment By The Signal Mountain Police - And Response (8)

I am writing about the misconduct of the Signal Mountain Police Department. This is a repetitive civil rights problem, systemic within their department, with no hint of remorse or regret or a notion to change, though they have been confronted numerous times.   I live on Signal Mountain. In the last few months, I have been pulled over three times while I was driving three ... (click for more)

Roy Exum: Hot Rod’s Catfish Dinner

It could well be the best part of playing a prank is in the delicious moments until your “fish” takes the hook. So yesterday afternoon, as I tried repeatedly to talk to a man I haven’t spoken to in 27 years, rather than leave my name I popped off the Happy Birthday song in a snappy, loud way and then ended it with a simple, “Call me,” adding my number. John “Hot Rod” Talley spent ... (click for more)