We're in a recession, which could be severe. Several financial services companies have either collapsed or been bailed out by the government. And the stock market is down about 45 percent since hitting its peak in October 2007. Is this a "perfect storm" that should blow investors out of the market - or is it actually an opportunity for investors to jump back in?
ATLANTA - Georgia Secretary of State Karen Handel today offered advice to individuals planning to donate to charities during the holiday season. Secretary Handel serves as Georgia's chief charities regulator.
ATLANTA - State Labor Commissioner Michael Thurmond commended the Georgia congressional delegation and President Bush for their decision to extend unemployment insurance benefits for jobless Americans. More than 90,000 Georgians may be eligible for the extended benefits signed into law this morning.
That letter from your car insurance company about Uninsured Motorist Coverage got you scratching you head while you try to translate all that insurance mum boo jumbo. Well, lets see if we can simplify it some, or at least get the language into English.
While small business lending is down in Georgia, a recent spot check of lenders who make SBA guaranteed loans showed they are doing deals for start ups and expansions and perhaps climbing back from a recent 28 percent drop in total loan volume.
ATLANTA - The Georgia Department of Labor reported that the unemployment rate in metro Savannah rose to a preliminary unadjusted rate of 6 percent in October, up 2.2 percentage points over the year from last October. The unemployment rate rose to 7 percent in October, the highest rate in more than 16 years. The jobless rate was up 2.5 percentage points from 4.5 percent at this same time last year. The October unemployment rate was up six-tenths of one percentage point from a revised 6.4 percent in September.
Adam S. Bryant, advisor for Sperry Van Ness Commercial Real Estate in Savannah, was awarded the Certified Commercial Investment Member (CCIM) designation in October by the CCIM Institute, one of the leading commercial real estate associations in the world.
ATLANTA - The Georgia Department of Labor (GDOL) reported that the state's seasonally adjusted unemployment rate rose to 7.0 percent in October, the highest rate in more than 16 years. The jobless rate was up 2.5 percentage points from 4.5 percent at this same time last year. The October unemployment rate was up six-tenths of one percentage point from a revised 6.4 percent in September.
Concerned about lower consumer spending this holiday season, Effingham County retailers are trying to lure holiday shoppers with huge discounts of up to 75 percent and buy one, get one free specials Dec. 5, as part of the Effingham County Chamber of Commerce Holiday Business Tour.
The Effingham County Chamber of Commerce will hold its annual Eggs and Issues Breakfast on Dec. 3. The event will be held in the Social Hall of Springfield United Methodist Church, 210 Cleveland St., Springfield at 7:30 a.m.
Luke and Linda Kulp were presented with a check for $500 from Konter Quality Homes and SunTrust Mortgage, according to Steve Petro, sales and marketing director of Konter Quality Homes. The Kulps entered the drawing at the Saddle Club booth at the October Effingham County Fair.
If you're an investor, you might be shaking your head in dismay after looking at your recent brokerage statements. In fact, you might even be thinking about giving up on Wall Street altogether. But before you do, consider the following story.
ATLANTA - The Georgia Department of Labor announced that 74,480 laid-off workers filed first-time claims for unemployment insurance benefits in November, an increase of 54.7 percent from November of 2007.
ATLANTA - The tax filing season is just around the corner. "Taxpayers can take the first step now by planning and reviewing tax law changes featured on the IRS Web site, www.irs.gov", according to IRS spokesman Mark Green.
Armstrong State University's latest Coastal Empire Economic Monitor reports the Savannah-area economy continued to expand during the second quarter of 2014 and should experience strong growth throughout the year.
SAVANNAH - In its 10th year, SBDC GrowSmart, the signature series of the University of Georgia Small Business Development Center, will begin Sept. 16 and consists of five modules over five weeks. Each module will focus on a particular topic, such as marketing, finance, and management, with the sessions lasting from 9 a.m.-4 p.m.
When a company planning a massive project in the community changes its name, it takes a little getting used to.
Effingham County could shape itself into a draw for tourists, if enough resources are applied to making it happen, a state tourism official said Thursday.
ATLANTA - The Georgia Department of Labor announced that Effingham County's preliminary unemployment for July was 6.6 percent, up from June's rate of 6.4 percent. The rate is down from the July 2013 mark of 7.1 percent.
ST. SIMONS ISLAND - As director of Armstrong State University's Center for Regional Analysis, Michael Toma has been a bearer of grim economic tidings over the last several years. But Thursday morning, his remarks on the region's outlook appeared to be much more well-received.
While Effingham Industrial Development Authority members expect to get the master plan for Medient Studios' project, they also still have a slew of questions.