Monthly Archives: April 2009

People vs. Leo Frank film shows maturity of our town

It was a special night in Cobb County.

A confluence of all segments of Atlanta came to witness the preview of the documentary: People vs. Leo Frank.

The movie hit home. It recounted the dramatic story of the lynching of Leo Frank, a Jew who worked at the National Pencil Factory. He was convicted of sexually abusing and killing a 13-year-old girl who worked in the factory.

But the film reveals all the questions surrounding the case, the trial and the Continue reading

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Community activist Phillip Rush passes away suddenly

Sad news to report.

Community activist Phillip Rush died suddenly two days ago from a pulmonary embolism.

A mutual friend, Jim Durrett of the Livable Communities Coalition, told me the news this morning.

The last time I saw Phillip was when I ran into him during the Atlanta Dogwood Festival. He was sitting down watching the crowds of people walk by. We spoke for a few minutes, and I never would have guessed that it would be the last time we would see each other.
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AGL Resources gives positive outlook at annual meeting

After today’s AGL Resources annual meeting, retired CEO David Jones gave one of the best compliments a former top executive can give.

“This company is in great shape,” Jones said. “And the dividend growth is solid.”

During this down economy, it’s highly unusual for a company to be reporting good news.

But current AGL Resources CEO John Somerhalder provided a relatively upbeat report to shareholders.

For starters, AGL is in the natural gas
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SunTrust’s annual meeting tame despite sour economy

SunTrust’s shareholders were surprisingly respectful at the bank’s annual meeting this morning despite hearing negative financial news and receiving lower stock dividends.

“What a year it has been,” James M Wells III, SunTrust’s CEO, said in his introductory remarks to shareholders.

In looking to the future, Wells said “we know economic recovery is out there,” but he added that the bank did not know when this cycle would end. So he is fully expecting that “2009 will be another difficult year.” Continue reading

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Despite its problems, Africa has economic potential

Former Atlantan Julius Coles sees great potential in the continent of Africa. But poverty and disease threaten to destroy that potential.

Coles, president of Washington D.C.-based Africare, was the International Day speaker at the Atlanta Rotary Club on Monday. Africare is largest non-governmental organization focused exclusively on Africa.

Hundreds of millions Africans live on less than $2 a day, Coles said. Since 1981, 25 million people have died Continue reading

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Swine flu? Atlanta Rotary has experts in public health

It was a “Rotary moment,” fundraiser Ann Curry observed after Monday’s weekly meeting.

On Monday morning, Rotary President Alec Fraser asked John Fox, president and CEO of Emory Healthcare, to give members an update on a possible pandemic of swine flu.

Fox described Mexico as being “ground zero” for the flu epidemic, but he hesitated calling it a pandemic. He also let Rotarians know that there have been no reported cases in Georgia so far. Continue reading

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A video casino is not Underground Atlanta’s only hope; let’s explore other opportunities

Underground Atlanta will not be getting a casino anytime soon. But as one door closes, another one opens.

As my colleague, Scott Trubey, and I reported in this week’s Atlanta Business Chronicle, plans to turn the retail and entertainment complex into a c asino of “video lottery terminals,” is on hold, at least until Gov. Sonny Perdue leaves office.

Perdue has let the Georgia Lottery board, the group that would have to approve the casino, that it won’t happen on his watch.

There’s a wide range of opinions — for a myriad of reasons —
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Solar Power Industry Can Grow Green Jobs in Georgia

By Guest Columnist WALTER BROWN, chairman of the Georgia Solar Energy Association, and co-founder/senior vicew president for development and environmental affairs of Green Street Properties

As is unfortunately apparent from the daily headlines, the United States, as well as Georgia’s economy, is going through a difficult economic transition that has prompted business closings and job losses.

However, these times also present a huge opportunity for our state and progressive policymakers to take charge of both our economic and environmental futures by making renewable resource development such as solar energy a priority.

A key theme of this transition is the decline of traditional industries – think newspaper publishers and automakers. On an equally noteworthy front, the economic incentives and job creation afforded by green industries and the manufacturing that supports them – industries supported by stimulus and in some instances private capital – may be overlooked. Continue reading

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Terwilliger proud of successful ULI forum

This last week’s Urban Land Institute’s meeting in Atlanta was a shining moment for Ron Terwilliger, chairman of the Trammell Crow Residential.

Terwilliger, who calls Atlanta home, chaired the ULI Spring Council Forum — a national gathering of planners, developers and real estate professionals.

Terwilliger was instrumental in securing the keynote speakers: former Republican presidential candidate Mike Huckabee; and Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development.

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The economic climate is still overcast, executives say

The economic prognosis continues to be challenging, according to two of Atlanta’s top CEOs.

Frank Blake, CEO of the Home Depot, and Phil Kent, CEO of Turner Broadcasting System, were interviewed this morning by public broadcasting talk show host Charlie Rose.

They were part of the closing session of the 2009 Urban Land Institute’s 2009 Spring meeting, which brought thousands of real estate, planning and development professionals to Atlanta at the Georgia World Congress Center over the past three days. Continue reading

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