Mark Levine of Atlanta Home Shows joins the podcast to talk about all the great exhibits you can see at the Atlanta Home Show this weekend at the Cobb Galleria.
A Kennesaw State University economist told businesspeople Tuesday that he’s optimistic that steps taken by the U.S. Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation will stabilize the banking sector in the wake of two regional banks collapsing.
In response to the failure of California-based Silicon Valley Bank and New York-based Signature Bank, authorities announced a new instrument through which banks whose balance sheets are hobbled by high interest rates will be able to access liquidity in the form of Fed loans against their affected assets. The Treasury Department, meanwhile, announced Sunday that customers of both banks would not lose their funds, including those who had funds exceeding the $250,000 federal insurance limit. President Joe Biden said Monday taxpayers would not bear the costs and the money would instead come from fees that banks pay into the federal Deposit Insurance Fund. He also said the collapse of the banks would not spiral into a larger crisis, as occurred in 2008. Those steps, Tutterow said, provide a “backstop” against what happened at Silicon Valley Bank, which he described as an “old-school bank run” where customers rush to withdraw their money in a panic. Tutterow said that banks like SVB invested heavily in longer-term bonds when interest rates were low. But then the Fed began raising interest rates to combat inflation, which lowered the value of the bonds. But to combat inflation, the Fed raised interest rates several times over the past year, lowering the value of the bonds. One audience member asked Tutterow if he expected more interest rate hikes, in light of the recent bank collapses.
Tutterow said he thinks the hikes will continue. Another factor in the rapid collapse of SVB, Tutterow said, was technology.
People can, with a few taps on their smartphone, move money between accounts, meaning banks are run quicker than they used to be.
A Miami man wanted for questioning in a south Florida homicide was arrested after a police chase in Cumberland Monday, according to authorities.
Gustavo Alexander Aviles (Ah-Veel-Lez) was arrested around 2 p.m. Monday at the corner of Cobb Parkway and Akers Mill Road while attempting to elude police, according to jail records. Aviles (Ah-Veel-Lez) is charged with fleeing or attempting to elude a police officer for a felony offense, a felony, as well as numerous misdemeanors related to traffic violations, per jail records, and he is being held without bond.
Wheeler's Isaiah Collier is the 2022-23 Gatorade Georgia Boys Basketball Player of the Year.
The USC signee is the fifth Gatorade Georgia Boys Basketball Player of the Year to be chosen from Wheeler High School.
The award, which recognizes not only outstanding athletic excellence, but also high standards of academic achievement and exemplary character demonstrated on and off the court, distinguishes Collier as Georgia’s best high school boys basketball player.
The Naismith Player of the Year is now one of three finalists for the prestigious Gatorade National Boys Basketball Player of the Year award to be announced later this month. Collier joins an elite alumni association of state award-winners in 12 sports, including Chet Holmgren, Trae Young, Jayson Tatum, and Karl-Anthony Towns. Collier is the fourth Wheeler player to have earned the honor joining Jaylen Brown, D.A. Layne, Shareef Abdur-Rahim, and becomes the sixth overall from Cobb County joining Sharife Cooper, who won the award at McEachern in 2019 and Brian Oliver, who won in 1986 while playing at Wills.
Before the statewide turkey hunting season opens, youth and mobility-impaired hunters utilizing private land have an early chance to harvest a gobbler during the special opportunity turkey season March 25-26, according to the Georgia Department of Natural Resources’ Wildlife Resources Division.
This weekend hunt opportunity is available only for youth 16 years of age and younger, or hunters that are mobility impaired. The season bag limit for turkeys is one gobbler per hunter per day and a season total of two gobblers. Resident youth hunters under age 16 will not need a license. Hunters age 16 years or older, including those accompanying youth or others, will need a hunting license and a big game license unless hunting on their own private land. One can get a license at GoOutdoorsGeorgia.com, at a retail license vendor, or by phone. The 2023 Georgia statewide turkey season opens April 1 for Private Land and April 8 for Public Land.
With approval from the Cobb Board of Commissioners on Tuesday, construction is expected to begin next month on the first phase of a trail along the Chattahoochee River in south Cobb.
The first 1.2-mile stretch of the Chattahoochee Riverlands project, a trail in and around Discovery Park at the River Line, will begin construction sometime in April and is expected to take two years to complete, per the $3.4 million contract with Excellere Construction approved by commissioners in February.
The trail segment along Discovery Boulevard is the “pilot” portion of what is hoped to be a multi-jurisdiction, 100-mile network from Lake Lanier to Newnan. The commission on Tuesday approved the final hurdle in the process to start construction on the first phase of the pilot portion. That last step before construction was confirmation from the Atlanta Regional Commission that the first phase of the project is consistent with the regional plan for the Chattahoochee River Corridor.
Commissioners approved ARC’s certificate of compliance by a 4-1 vote during their regular meeting Tuesday.
Local business leader and author Kevin Paul Scott recently brought together leaders who have inspired him throughout the years to publicly dedicate his latest book and thank those who have impacted his life.
A highlight of the book launch event was Scott's presentation to Barbara Dooley, wife of the late Coach Vince Dooley.
Scott's new book, "Inspired Every Day," provides a path for individuals to find their passion and live a fulfilling life. It's only fitting that Scott dedicated the book to Vince and Barbara Dooley, after their mentorship and friendship for more than 15 years. Sadly, Coach Dooley passed away only weeks before the book was published. Scott doesn't just write about inspiration, he lives it out. The name of his company is ADDO, which is Latin for "Inspire." The global firm works with companies like Coca-Cola and Chick-fil-A to provide strategies, resources and programs to develop leaders.
The book launch was somewhat of a full-circle moment because ADDO’s inaugural event took place in Marietta more than a decade ago when Dooley and Reighard joined then-Sen. Johnny Isakson and Dr. Betty Siegel to host leaders. For more information, head over to Kevin Paul Scott dot com.
#CobbCounty #Georgia #LocalNews
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