In recent years, Georgia has become a prominent player on the national arts stage.
Tag: Economy
Posted inColumns
How wealth is extracted from lower income folks, other quirks of ‘new’ economy
Renters take a double whammy – they don’t build home equity, and their on-time rent payments don’t get reported to credit agencies to help build their credit score.
Posted inColumns
Atlanta Braves in World Series: What’s next for Native Americans?
Three incongruences around consideration of Native Americans are occurring in real-time in metro Atlanta, just as a national dialogue is spurred by the Federal Reserve, Biden administration and cases pending before the U.S. Supreme Court.
Posted inColumns
Americans’ reluctance to rejoin the workforce has been a long time coming
There’s a low-end and a high-end explanation for why so many jobs are going unfilled right now. Neither fully explains what’s going on.
Posted inLatest News
Piedmont Healthcare now covers 85 percent of Georgians, expansion to continue
Piedmont Healthcare’s service area now covers about 85 percent of Georgians, following its acquisition Aug. 1 of four hospitals through a sale to be funded with $1 billion of debt, according to a report from Moody’s Investors Service.
Posted inColumns
Tech continues to thrive in North Fulton County
By Guest Columnist KAREN CASHION, CEO of Tech Alpharetta
The tech sector is booming in the metro Atlanta region. The city of Alpharetta, with nearly 700 technology companies within city limits, is the reigning epicenter of innovation for the North Fulton area today.
Posted inColumns
Atlanta voices rise in national debates over racism in the economy
Atlanta has a significant presence in the national debate over the future of Black-owned farms and properties, as well as the Federal Reserve’s role in discussing racism in the economy, which is being challenged by the Senate Banking Committee.
Posted inLatest News
More lending for affordable housing, blighted areas may result from Supreme Court ruling
Lending practices for affordable housing and underserved communities are among the topics expected to rise to the forefront at the nation’s biggest housing finance institutions following a ruling Wednesday by the U.S. Supreme Court.
Posted inColumns
Apalachicola region trying to recover after losing water war, oyster industry
PORT ST. JOE, Fl. – The jobs lost in the Apalachicola Bay’s shuttered oyster industry won’t be easy to replace. But green shoots are sprouting in the form of two new industries about 23 miles away.
Posted inLatest News
Atlanta Fed reports on COVID vaccinations, hiring, declining home affordability
The Atlanta Fed’s anecdotal report on the region’s economy contained three key takeaways: COVID-19 vaccinations may be encouraged but not required by employers; most jobs are easy to fill; and home ownership affordability has declined.
Posted inColumns
Tuition equity for immigrants a positive step for Georgia, economy
By Guest Columnist ISRAEL ARCE, surgical tech and Grammy-winning musician
It is a new year full of promise, particularly following the tumultuous election season. There is certainly no time to waste when it comes to promoting sensible solutions that will diversify our workforce while making our state more competitive and successful. Luckily, this seems to be exactly what Georgia state Rep. Kasey Carpenter (R-Dalton) is working to achieve.
Posted inLatest News
Lumber price hikes fuel rising housing costs in ATL, nationwide: Fed, trade group
With lumber prices nearly tripling since April, the nationwide rise in home prices was expected in the Beige Book report of economic conditions released Wednesday by the Federal Reserve.
Posted inTom Baxter
CARES, like COVID-19, has widened the gap between rich and poor, old and young
hen Congress inserted a provision which allowed retirees to postpone taking the required minimum withdrawals from their 401(k)s this year, it seemed at first half-wink like a thoughtful gesture to older Americans. In retrospect, it looks like a microcosm of everything Washington has done wrong in its response to the economic challenges posed by the pandemic.
Posted inLatest News
Reforming income inequality that threatens U.S. credit profile: Atl Fed, Moody’s
Income and racial inequality could undermine the U.S. credit profile, a leading Wall Street analyst warns in his sharpest wording yet in a series that dates to 2018.
Posted inLatest News
Southerners trust GOP on economy; Atlanta Fed reports ‘soft’ Southern economy
A majority of American voters in the South have more trust in congressional Republicans than Democrats to handle the economy, according to a POLITICO/Morning Consult poll released Wednesday.
Posted inLatest News
Credit downgrades for loans on Mercedes Benz Stadium, State Farm Arena announced Tuesday
Credit downgrades were announced Tuesday on five loans taken out by two governmental entities that used the money to help pay for the Mercedes Benz Stadium and State Farm Arena, according to rating actions issued by Moody’s Investors Service.
Posted inColumns
Negative wealth effect + isolation: How reduced socialization could worsen a pandemic recession
By Guest Columnist BOB WILLIS, CEO, Willis Investment Counsel
For decades, I have maintained a professional diary of my thinking as chief investment officer for an investment management firm located north of Atlanta. Earlier this spring, when the pandemic led to safety precautions at our office, I headed to my mountain cabin to work remotely – which stimulated more thought and reflection, and a lot of writing. Bear with me as I reveal a few excerpts from back then, and now.
Posted inLatest News
Trump on Dreamers’ ruling: ‘Do you get the impression that the Supreme Court doesn’t like me?’
The Supreme Court ruling today that rejected efforts by the Trump administration to end Obama-era legal protections to noncitizens who came to the U.S. as children will secure immediate threats of deportation to an estimated 16,000 individuals in metro Atlanta, and 24,000 in Georgia, who are enrolled in the program.
Posted inColumns
Reopening metro Atlanta’s economy safely: Google offers data to inform decisions
Google has made public a treasure trove of never-before-seen proprietary data that could help decision makers reopen the economy safely in metro Atlanta. Google’s report shows changes in categories of places people visit – whether they’re going to work, buy groceries or walk the dog, and so forth.
Posted inLatest News
Atlanta Fed president: ‘It’s going to be tough’; Prices up for agricultural commodities
The Federal Reserve confirmed the obvious Wednesday – “Economic activity contracted sharply and abruptly across all regions in the United States as a result of the COVID-19 pandemic.” Price hikes are reported across the Southeast in grains, milk and eggs, as well as demand for oranges.
