Category Archives: A Need to Know Basis

United States Gender Wage Gap Wider

The World Economic Forum (WEF) said in its latest Global Gender Gap report that the slow pace at which the global gender pay gap is narrowing means women are now earning what men did a decade ago.
In the United States, the gap is 64%, meaning that women earn about two-thirds of what men make for similar work.
This is worse than it was last year, when the gap was 66%. The United Stated now ranks 74th in wage equality among 145 countries. Last year, it was 65th.

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Atlanta Ranks Number One in Pledging To Reduce Energy Consumption

Atlanta has outpaced all other competitor cities that pledged to reduce energy consumption by 2020. Atlanta has more property square footage signed up in the program than any other city.

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Dragon Con Expected To Attract More Than 65,000 People to Atlanta

Predictions are that more than 65,000 people will be in downtown Atlanta over the Labor Day weekend as Dragon Con, the internationally known pop culture, science fiction, fantasy and gaming convention, returns for the 29th consecutive year.

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Martin Luther King And Equanimity

Martin Luther King said to his adversaries, “We will wear you down by our capacity to suffer, to face suffering, and still not stop, still march, still tell the truth, still do what’s necessary to make the change.” Not being reactive is not being passive. It’s not a kind of stupidity, holding back or being disinterested, removing oneself from the world. Real equanimity isn’t indifference. It’s the capacity to be present with your whole being and not add fuel to the fire.

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Georgia Increasing Gas Taxes On July 1

Six states, including Georgia, are scheduled to increase gas taxes on July 1 to help pay for transportation projects, according to the Citizens for Tax Justice and the Institute on Taxation and Economic Policy (ITEP).

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Georgia and Potential Impact Of U.S. Supreme Court Decision In King v. Burrell

The U.S. Supreme Court is expected to announce a decision in King v. Burrell, possibly this week. The petitioners are challenging the legality of premium and cost-sharing subsidies for low- and middle-income people buying health plans in 34 states where the federal government rather than the state is operating an insurance marketplace established by the Affordable Care Act.

“In my state of Georgia, 500,000 people would lose their insurance — 8 or 9 million people across the country. And all [states] have to do is put the exchanges in place,” Rep. David Scott (D-Ga.) said as he left a closed-door meeting.

Georgia law prohibits Medicaid expansion without legislative approval.

The Obama administration estimates that 6.4 million Americans currently get financial subsidies through Health.gov.

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Growth of Woman Owned Firms In Georgia Ranks Number One

Georgia ranks number one in growth based on the amount of women-owned firms that have opened since the late 1990’s. It’s more than 130%. In contrast, Alaska is in last place with about 14%. The national average is 50%, including all businesses.

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St. Regis Atlanta 80 Percent Sold

The Residences at The St. Regis Atlanta, a luxury condominium, is 80 percent sold with 11 units remaining. The most recent sales include a 6,824-square-foot unfinished unit for $5,056,584 and a 3,684-square-foot unfinished condo for $2,590,000.

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CEO Sentenced For Investment Fraud

The CEO and founder of Heaven Investments Holdings Corporation (“Heaven Investments”), a Sacramento-based investment company, was sentenced to four years in prison for investment fraud.

Akbar Bhamani was sentenced in federal court in Sacramento.
Heaven Investments, utilizing a website and some investor forums, raised more than $30 million from investors, across the country, to invest in a real estate exchange program. The company never obtained a license to offer the investments it was selling.

Heaven Investments guaranteed up to 13 percent annual interest and the tax advantages of 1031 real estate exchanges.

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Housing and Employment In Atlanta

In a review of cities with affordable housing and a strong employment market, Zillow, a real estate data company, ranks Atlanta as a favorable city offering both advsntages. According to Zillow, Atlanta offers a housing price-to-income ratio of 2.7, compared with 8.8 for San Francisco.

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