“The defeat of the transportation sales tax vote in metro Atlanta and eight other regions of the state won’t result in an immediate downgrading of credit – but could result in one when the state or local governments go bond-shopping in the future.”
Category: Economics
Private vs. public employment since 2008 for the Savannah metro area
AJC: Why 3 Georgia regions voted for T-SPLOST
Three Georgia regions voted in favor of the additional one percent sales tax for transportation infrastructure on Tuesday — the Central Savannah River Area District around Augusta, the River Valley District including Columbus, and the Heart of Georgia Altamaha District in south central Georgia.
U.S. economy adds 163,000 jobs in July; unemployment up slightly to 8.3%; U-6 unemployment rises to 15.0%
The U.S. economy continues on a slow recovery. Given slowdowns in Europe and China and the long hangover from the housing bust, there’s very little prospect of a dramatically increased pace of recovery anytime soon.
What’s next after the Coastal Region defeats T-SPLOST?
Down here on the coast, we don’t have the transportation problems that Atlanta has, for sure, but we have some much-wanted projects that need a lot of funding. So what happens now?
Case-Shiller: Home prices up in May, but still down compared to last year
“With May’s data, we found that home prices fell annually by 1.0% for the 10-City Composite and by 0.7% for the 20-City Composite versus May 2011.”
Savannah Extreme Makeover home for sale fits a pattern
I just couldn’t quite grasp the extreme charity — the thousands of donated hours and tens of thousands of dollars worth of donated products. There’s so much need in this city, and so many people struggling with developmental disabilities; why do so much for so few? Was it just the allure of the TV show?
Philadelphia Fed: 20 states with stagnant or weakening economies
In my City Talk column today, I give a quick summary of the health of the Savannah area economy here at the halfway point of 2012.
Obama executive order should expedite Savannah harbor deepening
“The first 7 of the initial 43 projects that will be expedited by the Executive Order are located at five ports – the Port of Jacksonville, the Port of Miami, the Port of Savannah, the Port of New York and New Jersey, and the Port of Charleston.”
Why I’m voting for T-SPLOST
Desperate for safer bridges on the road to Tybee? Desperate to get out of the train-induced gridlock over on 21? Desperate to see some forward movement on Project DeRenne? You might quite literally have to wait a generation to see those projects completed without the T-SPLOST.
Nicholas Mangee: Fed is failing its dual mandate
Another great column from Armstrong economics professor Nicholas Mangee in the Savannah Morning News: Our economic times: Federal Reserve remains resistant on policy
What do Mary Matalin, James Carville, Cokie Roberts, Archie Manning, Wynton Marsalis, Archbishop Gregory M. Aymond, and three college presidents have in common?
They’re all from New Orleans. They have also all called for the Times-Picayune to be sold to an investor who pledges to continue printing the paper daily.
Another Georgia bank failure, an international fugitive, and another state legislator caught up in banking scandal
Montgomery Bank & Trust in Ailey (just outside Vidalia), which failed Friday, was “saved” by an investment fund a year and a half ago that turns out to have been fraudulent. One of the directors of the bank also ran the fund, which swindled investors out of millions of dollars. That bank director, Aubrey Lee Price, is now missing and so is the money.