Collecting online sales tax may benefit communities

April 30, 2013, by John Norris

The Congress is considering legislation imposing local sales taxes on online purchases. Since this is effectively money out of consumers’ pockets, how will this impact the economy?      The impact on the economy should be minimal, as it is unlikely online retailers will be able to blithely pass through the entire amount of the tax. In other words, online retailers will likely have to drop their prices or cut what they charge for shipping and handling....

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Some Common Cents for April 26, 2013

, by John Norris

This morning, the Bureau of Economic Analysis (BEA) announced US GDP grew at a 2.5% annualized rate during the 1st Quarter of 2013. Such a number is the economic equivalent of, say, a grilled cheese sandwich. Yeah, I will eat one if you give it to me; I might even make one myself. However, there are plenty of other things I would rather have. Sometimes the headline number doesn’t tell the whole story; it can...

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Some Common Cents for April 19th 2013

April 26, 2013, by John Norris

Disclosure: Oakworth Capital Bank owns Apple Inc. in client accounts. One of the more perplexing questions we get is: what is going on with Apple? Unless you have been in a cave, you know the stock has taken it on the chin, and then some, over the last 6 months or so. This as the company has produced decent results, and increased its hoard of cash. Looking at the balance sheet and income statements, you...

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So far, AL immigration bill, HB56, an economic non-event

April 22, 2013, by John Norris

  Congress is currently debating immigration reform. Alabama beat it to the punch with HB56 a couple of years ago. How has this legislation impacted the state’s economy thus far?   How has the infamous HB56 impacted the Alabama economy? That is a great question, and I apologize for the answer: No one really knows, as it is still too early to tell, if we ever can tell... Read full article as previously published in the Montgomery Advertiser April 19,...

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Some Common Cents for April 12, 2013

April 17, 2013, by Shelley deClerk

Last night, I made a presentation, ostensibly about economics. By the end of my allotted time, however, I had delved off into conjuncture and personal opinion which bordered on histrionics. What I said wasn’t wrong; it was anyone’s best guess, and it just so happened to be mine. Lets face it: if I could look into the future with crystal clarity, I probably wouldn’t have made that speech last night, you know? However, I was...

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Some Common Cents for April 5, 2013

April 10, 2013, by Shelley deClerk

This morning, we raised some cash in our clients’ accounts. I sent an email to all of them explaining what we did, and the basic thought process behind the decision. Simply put, we had intended to decrease our equity allocation, an overweight, at some point this Spring; we just weren’t completely sure of the exact timing. While I would have liked to have waited until May to make the initial trades, this morning’s Employment Situation...

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Not Seeing the Forest for the S&Ps?

April 9, 2013, by Shelley deClerk

The S&P 500 recently hit an all-time high, and was up over 10 percent for the 1st Quarter. When I looked at my 401K, and did some math, it looks as though my account was up closer to 5 percent, if that. I complained to our office manager about the investment options, but he just shrugged his shoulders. What can I do? I don’t know the investment options in your company’s plan or how you...

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Oakworth is Pleased to Announce!

April 8, 2013, by Shelley deClerk

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Happy Birthday to Oakworth! Celebrating 5 Years This Week!

April 4, 2013, by John Norris

What is your competitive advantage? What sets you or your firm apart from the rest of the maddening crowd? How do you add value? Do you even know how you do or if you do? The Official Tourism Resource of the State of Mississippi (Mississippi) has recently been running an advertising campaign advising people to “find your true South.”  Since regionalism and regional pride is probably strongest in the Deep South, this undoubtedly sounded like...

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