The AJC and Charleston Post & Courier headlines about today’s approval of Savannah River dredging focus on the one foot difference, which could reduce cargo by 800 containers per ship.
Category: Economics
Savannah River dredging: final report released by U.S. Army Corps of Engineers
Here’s the entire press release this morning from the U.S. Army Corps of Engineers regarding the Savannah Harbor Expansion Project (with a couple of key issues in bold). I’ll have much more later. There’s sure to be much discussion about…
Charleston Post & Courier on “Savannah’s dredging gamble”
If you scroll through my recent posts, you can see links to the Atlanta Journal-Constitution’s 3-part series about the Savannah Harbor Expansion Project (SHEP), a $650 million dredging that would make the Savannah River deeper to accommodate larger ships after the Panama Canal widening is complete.
Despite myriad doubts raised in that 3-part series about the economic benefits, the Savannah River’s depth after dredging, and the environmental impacts […]
Armstrong economist Nicholas Mangee on the myth of expansionary austerity
When the deep recession hit and tax receipts plummeted, a steady chorus grew: “If we slash government spending, the private sector will explode with economic activity.”
The logic of that assumption was always pretty meager. How would widespread layoffs of teachers, public safety personnel, and road crews become an impetus for private sector activity?
Sand Gnats stadium at Savannah River Landing idea continues to develop
I’ve posted before about the idea of a new Savannah Sand Gnats stadium on the riverfront at the Savannah River Landing site.
For those who have forgotten, Savannah River Landing was a massive, $800-million, mixed-use private development at the eastern end of River Street that attracted millions in city infrastructure spending before the whole plan collapsed after the recession hit.
U-6 unemployment falls from 14.9% to 14.5% in March
I’ve already posted about the rather disappointing jobs report today, but I noted that there was a significant drop in the number of Americans working part-time for economic reasons, according to the survey of households. Click here to see the…
120,000 jobs added in March; unemployment rate inching down at 8.2%
The Bureau of Labor Statistics announced this morning that 120,000 nonfarm jobs were added to the U.S. economy in March. The unemployment rate is now 8.2%, down from 8.3% a month ago. (All numbers are seasonally adjusted.) Nevertheless, this is…
CoreLogic shows home prices increasing — if we exclude distressed sales
S&P/Case-Shiller is the most followed home price index these days, but CoreLogic’s Home Price Index is a really important one that provides slightly more up-to-date information. From today’s release: Excluding distressed sales, month-over-month prices increased 0.7 percent in February from…
AJC’s “Port Wars”: final installment considers battle for dredging dollars among East Coast ports
The final installment of Dan Chapman’s 3-part, over 6,000-word look at the proposed dredging of the Savannah River channel begins like this: “Critics say a national strategy should govern the deepening of ports.” For all the study of the proposed…
AJC’s “Port Wars”: part two looks at dredging depth, navigation, cost, and environmental impacts
The first subhead says a lot: “Deepened Georgia port will still be shallower than many of its rivals.”
NYT on the fallout from the housing boom and bust
Highly recommended for those with a stake in housing: the NYT’s Where Housing Once Boomed, Recovery Lags From the piece: The official statistics say that the national economy has been growing for almost three years, and that Maryland is growing…
AJC’s “Port Wars”: part one looks at uncertainties of global trade
Click here for part one, which talks about uncertainties regarding global shipping generally and Savannah specifically.
Regular readers of this blog and my columns already know the basic terrain of the issues laid out clearly in Corps of Engineers’ analyses:
The looming — and current — crisis: Americans have $870 billion in student loan debts
So what will happen in July vote for 1% sales tax for transportation?
I’m going to suggest that any voter interested in taxation and in transportation infrastructure take a look at Mary Mayle’s piece today in the SMN: Georgia’s transportation system ‘running out of gas’