FHN Pays Cash, Adds to Board; Downtown Board Supports Biz; Steve Cohen Speaks

Here’s a brief news roundup for your Thursday morning:

On Wednesday, the Center City Development Corp. approved a $101,000 loan to developers that want to bring apartments, commercial space and a lounge that serves tapas at 115 Union Ave.

Shareholders of First Tennessee Bank’s parent company will no longer face an automatic event each quarter that dilutes their shares. That’s because Memphis-based First Horizon National Corp. has resumed the payment of quarterly dividends to shareholders in cash, as opposed to stock.

In other First Horizon news, BlueCross BlueShield of Tennessee CEO Vicky Gregg has been added to First Horizon’s board of directors.


Shelby County GOP Chairman Lang Wiseman is calling for an apology from U.S. Rep. Steve Cohen, who in remarks on the House floor reportedly compared Republican criticism of last year’s health care reform legislation – that it represents a “government takeover of health care” – to Nazi propagandist Joseph Goebbels.

Cohen defended his remarks in an interview with the national political blog site Talkingpointsmemo.com.

An excerpt from TPM –

“It was a lie, and if you repeat a lie over and over again it doesn’t make it the truth and that’s what Goebbels did,” Cohen said. “Goebbels is known for political propaganda, probably one of the most successful political propagandists whose philosophy was to lie, and if you repeat it over and over again then people will believe it.”

“Last night I did mention Goebbels because I thought about it and I’ve had people tell me ‘it’s just like Goebbels, it’s the big lie’ you repeat it over and over and over again,” Cohen said.

“No, there are no — Republicans, and members of Congress and hardly anybody in America — is a Nazi. But lies are lies and lies are uncivil and lies are wrong,” Cohen added.