Economy

Two communities find a cure for medical debt: pandemic stimulus funds

BY: - November 21, 2022

Local governments in Ohio and Illinois are using American Rescue Plan Act money to relieve residents struggling with medical debt by partnering with an organization that buys debt and wipes the slate clean for debtors.  It’s a strategy advocates say could be duplicated across the country to help erase a multibillion-dollar problem. On Nov. 9, […]

Four takeaways on housing ahead of inflation report

BY: - November 9, 2022

Housing costs, including rental prices, are on the path to stabilizing but evidence of this won’t show up in inflation measures anytime soon, economists say. The latest Consumer Price Index numbers, which are used to measure inflation, come out on Thursday morning. But the survey used to measure shelter, a large component of inflation, lags […]

The Fed raises interest rates again, signals more coming despite pressure to slow the pace

BY: - November 2, 2022

The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4%. Federal Reserve Chair Jerome Powell said during a press conference following the announcement that the “historically fast pace” of […]

What’s wrong with this picture? State auditors give Georgia’s movie tax credit mixed reviews

BY: - October 31, 2022

Georgia’s film tax credit helped bring blockbuster productions like “Stranger Things,” “Ozark” and “Spiderman: No Way Home” to the state, along with an estimated $4.4 billion in spending during the 12 months ending June 30. But a new report from the Georgia Department of Audits and Accounts finds lingering concerns about the program’s transparency and […]

‘Predatory’ loans to buy pets can have 189% interest rate, despite state laws

BY: - October 19, 2022

An Iowa couple who unwittingly purchased a seriously ill dog through a loan with an interest rate of 189% now wants lawmakers to protect consumers from a similar experience. Jeff and Jennifer Bowman, whose story was first reported by the Washington Post, purchased a 12-week-old English bulldog in a Petland store in Iowa City three years […]

Faith leaders urge minimum wage hike, expanded child tax credit as Congress nears recess

BY: - September 22, 2022

WASHINGTON — Faith leaders pressed Congress to pass voting rights legislation, a $15 minimum wage and a permanent expansion of the child tax credit during a Thursday briefing on Capitol Hill. “Poverty is a policy choice,” Rev. Dr. William Barber, co-chair of the Poor People’s Campaign, said to lawmakers. Barber, who is the pastor of Greenleaf […]

GOP leaders target ‘woke’ investments through state pension funds

BY: - September 19, 2022

Republicans in state capitals across the country are targeting an investing concept known as environmental, social and corporate governance criteria, or ESG for short. Describing these investment criteria as “woke” and “misguided activism,” GOP officials argue that by taking these factors into account when making investment choices, financial institutions are putting ideology ahead of making money. Experts on this […]

Yes, expecting parents in Georgia can now claim their embryo as a dependent

BY: and - September 19, 2022

Even with a wave of new state-level abortion restrictions passing or taking effect this summer, Georgia’s law stood out because of its so-called personhood provisions that accompanied the better known six-week ban on the procedure. One particular change that drew national attention was a new tax break for expecting parents. The state Department of Revenue […]

As rural homelessness increases, HUD aims money at helping people without access to shelters

BY: - September 13, 2022

The Department of Housing and Urban Development has opened up millions of dollars in funding for groups serving unhoused people in rural areas — an unprecedented move by the agency, say housing advocates. People living in cars, parks, and on the street at night, which the agency labels unsheltered homelessness, has increased across the nation, […]

Baseball’s minor leaguers among Georgians swept up in organized labor wave

BY: - September 5, 2022

The rise in union organizing around the U.S. because of a tight labor market has swept up in its wave the most egregious employer in all of American sports, minor league baseball. On the eve of Labor Day, minor leaguers—there are about 3,500 of them—are signing union authorization cards signaling their support for organizing around […]

COMMENTARY

Merger of Sanderson Farms and Cargill is a bad deal for farmers and consumers

BY: - August 18, 2022

Why conspire with your competitors when you can just merge? Over the last two years, giant corporate meat companies have been settling lawsuits to the tune of hundreds of millions of dollars that allege they conspired with each other to fix prices, lower workers’ and farmers’ pay and raise the price of meat for both […]

It’s the economy: Kemp, Abrams campaign on competing visions for Georgia’s surplus billions

BY: - August 16, 2022

Georgia has got a lot of extra money right now. If the state’s estimated $5 billion budget surplus were printed out in dollar bills, it would come up to just under 20 square miles, enough bills to carpet every square inch of the state’s five busiest airports, with enough singles left over to buy five […]