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Money NewsIdleAire no longer idle?The West Knoxville-based company's Web site is announcing the "great news" that a new group is interested in restarting the company that went bankrupt and shut its doors in January. Airlines launch 2-day summer airfare saleSome steep discounts are available to air travelers in the next two days in what one industry analyst calls "the first big summer fare sale" of the year. Bank of America to deny debit card overdraftsIn a significant policy reversal, the USA's largest bank will stop letting customers overdraw their checking accounts with one-time debit card transactions. One year ago the Dow hit bottomOne year ago Tuesday, the Dow Jones Industrial Average dipped to its lowest point of the recent Great Recession. Bottle bill supporters say trash turns treasure when garbage gets a price tagTo say Melvin Bryan's wife likes bottled water would be an understatement, and about every week, her taste becomes his chore. Knoxville business licenses, building permits remain flat 2009 to 2010A pair of economic indicators show the bleeding may have stopped in the local economy, but so far in 2010, things haven't changed much since 2009. Knox Co. schools consider cutting at least 30 positionsEarly number crunching shows Knox County schools will likely need to cut at least 30 positions in order to keep the new budget in the black. Measure would clarify income tax unconstitutionalAn income tax and payroll tax would be declared unconstitutional under a proposed constitutional amendment advancing in the Senate. As bull market turns 1, is it time to party, or worry?It is hard to kill a bull market in its first year of life. The last time a baby bull was buried on Wall Street before celebrating its first birthday was during the Great Depression. More schools are opting for shorter weeks to cut costsMore and more school districts are saving money by shutting down for one extra day each week. President Obama urges citizens to help push Congress on reformPresident Obama went on the attack Monday, accusing insurance companies of putting profits ahead of people and demanding to know why Republicans never fixed the problem when they were in power. Chimp e-mail could hurt Tennessee tourism industryWith national attention focused on an e-mail sent by a Nashville hospitality executive comparing First Lady Michelle Obama to a chimpanzee, Tennessee's tourism industry has started to feel the fallout. Hotels: "Not the right time" for tax on free breakfastState lawmakers are considering a bill that would add sales tax to the hotels' free breakfasts for customers. Tanning industry sees red over proposed federal taxUnder the Senate's healthcare bill, all indoor tanning services would be hit a with 10 percent tax, on top of the standard sales tax. |
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