Georgia gets shortchanged in $25 billion mortgage settlement

The $25 billion foreclosure settlement between the states and five major banks, which will actually come closer to $32 billion in total aid, will have significant impacts. It’s by no means a gamechanger for the housing market, but it’s hardly…

Spending on Social Security, Medicare, Medicaid, and Defense higher than total revenues in Obama’s 2013 budget proposal

I’m sure you’ll be hearing a lot about the $900 billion deficit in President Obama’s 2013 budget proposal (a political document as much as an economic one), but keep in mind that the path to balanced budgets is going to…

Americans hate big government — but relied on benefits for 17.6% of personal income in 2009

From the NYT’s Even Critics of Safety Net Increasingly Depend on It: Ki Gulbranson owns a logo apparel shop, deals in jewelry on the side and referees youth soccer games. He makes about $39,000 a year and wants you to…

For the love of stories: The Unchained Tour’s simple majesty

In the final story of The Unchained Tour on Friday night, Savannah native Edgar Oliver told stories of growing up here, painting an image of himself as a child desperate to understand his real and imagined worlds. Near the end…

Gingrich first, Santorum second among likely Republican voters in Georgia as Romney support lags

I still see Mitt Romney as a virtual lock for the Republican nomination, but it’s going to be really ugly getting there. It looks like we’ll be deep into the spring — and maybe all the way to the convention…

AJC: Georgia is dead last in financial security

Please note that this title and post are not about municipal budgets, but about the financial security of individuals and households. From the AJC’s Georgia is dead last in financial security: The study by the Washington-based Corporation for Enterprise Development…

Rap at CPAC

It’s really hard to see how this works as any sort of political messaging. From the recent CPAC (Conservative Political Action Conference), “Mr. America” by Powdered Zombies:




Savannah moves ahead with Price Street redesign: one car lane, one bicycle lane, on-street parking

[Update: A friend has told me that the workers lining Price St. said that the changes aren’t official until new signage is up. But now we have drivers who don’t know how to read the road markings. With no cars…

How close to the bottom are we for home prices?

In a recent post, I mentioned that Calculated Risk has plausibly argued that we’ve seen the bottom for new home sales, new home starts, and residential investment. CR predicted that home prices would bottom later this spring, although the data…

Why has this video been watched 417 million times?

Today’s probing piece in the NYT — 417.6 Million Bites Later … by Sarah Lyall — raises some fascinating questions about the viral video Charlie bit my finger — again!

According to the piece, it’s the most-viewed noncommercial video in YouTube history. The British family that uploaded it has made over [. . .]


Savannah’s elected leaders should put the brakes on city staff’s plans to ban alcohol on the Slow Ride

Let me begin by saying that I’d be writing about all this in my column, but I just read today that Savannah city staff is proposing to ban alcohol on the Savannah Slow Ride. So I wanted to put a…

Armstrong economist: The U.S. is not Greece

Today, the Savannah Morning News published the second column by Nicholas Mangee, a new assistant professor of economics at Armstrong Atlantic State University: How the U.S. is not Greece I’m a fan of good information and reasonable discussion, so I’m…