National Economist Arthur Laffer To Keynote Bedwell Award Luncheon

Wednesday, April 25, 2018
Dr. Arthur B. Laffer
Dr. Arthur B. Laffer

The 25th annual Bedwell Small Businessperson Award luncheon and Small Business Showcase sponsored by Pinnacle Financial Partners, has a new event date of May 9, in support of securing nationally renowned economist, Dr. Arthur B. Laffer as keynote.  

Dr. Laffer is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm, as well as Laffer Investments, an institutional investment management firm. Laffer Associates’ research focuses on the interconnecting macroeconomic, political and demographic changes affecting global financial markets.  

Dr. Laffer’s economic acumen and influence in triggering a world-wide tax-cutting movement in the 1980’s have earned him the distinction in many publications as “The Father of Supply-Side Economics.” One of his earliest successes in shaping public policy was his involvement in Proposition 13, the California initiative that cut property taxes in the state in 1978.  

Dr. Laffer was a two-term member of President Reagan’s Economic Policy Advisory Board, a member of the Executive Committee of the Reagan/Bush Finance Committee and a founding member of the Reagan Executive Advisory Committee for the presidential race of 1980. He also advised Prime Minister Margaret Thatcher on fiscal policy in the UK during the 1980s. 

He was formerly the Distinguished University Professor at Pepperdine University, a member of the Pepperdine Board of Directors and held the status as the Charles B. Thornton Professor of Business Economics at the University of Southern California. He was also an Associate Professor of Business Economics at the University of Chicago and a member of the Chicago faculty. 

Prior to this, Dr. Laffer was a consultant to Secretary of the Treasury William Simon, Secretary of Defense Don Rumsfeld and Secretary of the Treasury George Shultz. He was the first to hold the title of Chief Economist at the Office of Management and Budget under Mr. Shultz.  

Dr. Laffer has been acknowledged for his economic achievements. He was noted in Time magazine’s March 29, 1999 cover story “The Century’s Greatest Minds” for inventing the Laffer Curve, which it deemed one of “a few of the advances that powered this extraordinary century.” He was listed in “A Dozen Who Shaped the ’80s,” in the Los Angeles Times in 1990, and in “A Gallery of the Greatest People Who Influenced Our Daily Business,” in The Wall Street Journal in 1989. His creation of the Laffer Curve was deemed a “memorable event” in financial history by the Institutional Investor in its July 1992 Silver Anniversary issue, “The Heroes, Villains, Triumphs, Failures and Other Memorable Events.” In addition, Bloomberg Businessweek selected the Laffer Curve as one of the “85 Most Disruptive Ideas In Our History” for its 85th anniversary issue in The awards that Dr. Laffer has received for his economic work include: two Graham and Dodd Awards from the Financial Analyst Federation for outstanding feature articles published in the Financial Analysts Journal; the Distinguished Service Award by the National Association of Investment Clubs; the Adam Smith Award for his insights and contributions to the Wealth of Nations; and the Daniel Webster Award for public speaking by the International Platform Association. In addition, Dr. Laffer earned the Father of the Year award from the West Coast Father’s Day Committee in 1983 and was awarded the Hayek Lifetime Achievement Award in 2016. In December 2017, Dr. Laffer became the first recipient of the American Legislative Exchange Council’s Laffer Award for Economic Excellence. 

Years of experience and success in advising on a governmental level have distinguished Dr. Laffer in the business community as well, said officials. He currently sits on the board of directors or board of advisors of a number of private and public companies. 

Dr. Laffer is the author of a number of books, including The End of Prosperity: How Higher Taxes Will Doom the Economy—If We Let it Happen, which was a nominee for the F.A. Hayek book award in 2009, Return to Prosperity: How America Can Regain Its Economic Superpower Status, Eureka! How to Fix California, New York Times Best Seller An Inquiry into the Nature and Causes of the Wealth of States, and its sequel Wealth of States: More Ways to Enhance Freedom, Opportunity and Growth.  

The annual awards luncheon will also kick off a month-long focus on the contributions of small business to the economic well-being of Cleveland/Bradley County. Recognition of an outstanding small businessperson in the community highlights the annual event. The individual is recognized for his/her success in these six areas: staying power, growth in number of employees, increase in sales, innovativeness of product or service offered, response to adversity, and evidence of contributions to the community.  

The Chamber board of directors renamed the Small Business Person of the Year Award to honor the memory of Mel Bedwell, known for his energy, determination, ingenuity, honesty, enthusiasm and loyalty—all traits necessary for a successful small business owner. Mr. Bedwell was co-founder with Jack Smith of Cleveland Business Machines.  

The Wednesday, May 9, luncheon, will begin with a business showcase at 11:30 a.m. at the Museum Center at 5ive Points. To make a reservation, call the Chamber at 472-6587 or visit the events calendar on the Chamber’s website, www.clevelandchamber.com, by Monday, May 7.



Gas Prices Fall 0.5 Cents In Chattanooga

State Supreme Court Holds That Evidence Cannot Be Used To Contradict Written Words In Contract

Public Space Study Continues With Gehl's Visit


Gasoline prices in Chattanooga have fallen 0.5 cents per gallon in the past week, averaging $1.94 per gallon on Monday, according to GasBuddy's daily survey of 170 stations in Chattanooga. This ... (click for more)

In a case closely watched by Tennessee’s business community, the Tennessee Supreme Court has held that trial courts cannot use evidence outside of the written agreement—called “extrinsic” evidence—to ... (click for more)

Gehl Studio, internationally recognized for their "people first" urban design work, will be making their third visit to Chattanooga. On Jan. 29 from 5:30-6:30 p.m., they'll be hosting an open ... (click for more)


Business

Dalton Food City Set to Open On Wednesday

Shelves are stocked in preparation for the opening of the new Dalton Food City on Wednesday. The 48,600+ square foot supermarket is on West Walnut Avenue and will serve as the area’s second location. “The Dalton area residents have certainly been supportive of our company and we’re extremely excited to provide our loyal customers with a new, state-of-the-art Food City,” said ... (click for more)

Gas Prices Fall 0.5 Cents In Chattanooga

Gasoline prices in Chattanooga have fallen 0.5 cents per gallon in the past week, averaging $1.94 per gallon on Monday, according to GasBuddy's daily survey of 170 stations in Chattanooga. This compares with the national average that has increased 0.6 cents per gallon versus last week to $2.24 per gallon, according to GasBuddy. Average gasoline prices on Jan. 21 in Chattanooga ... (click for more)

Breaking News

2nd Man Charged In October 2018 Murder Of Jacob Dakota Moore Of Apison

A second arrest has been made in the October 2018 murder of Jacob Dakota Moore of Apison. Authorities earlier charged Askia Witherow in the slaying. On Thursday, warrants were issued for James David Robinson, 42, charging him with one count of first-degree murder, one count of especially aggravated kidnapping, four counts of especially aggravated robbery, four counts ... (click for more)

Linda Damewood Killed, Another Critical, Third Injured In Shooting At Crossville

One person was killed, another critically injured and a third hurt in a shooting at Crossville on Saturday. Linda Damewood, 74, of Crossville, was dead at the scene. The Cumberland County Sheriff’s Office, Tansi Security, and Tennessee Highway Patrol units responded to 8610 Cherokee Trail at approximately 6:38 p.m. to a reported shooting. Cumberland County Sheriff’s ... (click for more)

Opinion

Senator Alexander: A Reasonable Proposal To End The Government Shutdown

A government shutdown is always the wrong idea. It is the wrong idea under President Trump, just as it was the wrong idea under President Obama. Members of Congress should first remember that when a president who has been duly elected by the people of the United States -- whatever you may think of him or her -- has a legitimate objective, it is our responsibility to do everything ... (click for more)

Roy Exum: Swimming With Jim Morgan

I’ve never talked much about this – it is too close to bragging – but in my teenaged years I was a good swimmer. I loved being in the water and maybe the greatest compliment back in the day was when new UT swimming coach Ray Bussard offered me a ‘full ride’ with the Vols. Are you kidding me … by then I was into tobacco, alcohol, convertibles, and girls in angora sweaters - there ... (click for more)