Dr. Nouriel Roubini, nicknamed Dr. Doom for his prediction
of the housing collapse is worried again.
To many Roubini`s worries should be obvious. Europe needs
radical reform and the U.S. has to get serious about its
debt problems. He said, `There are lots of sources of
uncertainty from the eurozone, from the Middle East, from the
fact that the U.S. is not tackling its own fiscal problem,
from the fact that Chinese growth is unbalanced and
unsustainable, relying too much on exports and fixed
investments and high savings, and not enough on consumption.
So it`s a very delicate global economy.`
Roubini`s worries contrast with headlines celebrating
growth of 2.9% in the U.S. in the fourth quarter. The problem
with that number as with much else is the `story behind
the story.` Of that almost 3% in growth 2/3rds was
so-called inventory replenishment, which means goods
are being produced but end up sitting on shelves instead
of going out the door.
The other thing the Gross Domestic Product (GDP) numbers
implicitly hide is population growth. When adjusted
for population growth, the economy remains 2.5% below
its peak in 2007.
For some analysts slow growth is a sign of
another downturn. Recessions frequently start with GDP
still moving up but very slowly. GDP is up 1.6% for
2011. Lance Roberts of Streettalk Live says, a `muddle through`
scenario is unlikely to be sustainable.`
Matt Santini is a very busy man. Santini loves to give back
to Bartow County and the city of Cartersville. He works not only
administrator of Grand Threatre, administrator for WBHF radio, but
also as the Mayor for the city of Cartersville. Listen as Santini
speaks on the community that he loves, what brought him to the city years ago
as well as the love for the Grand Theatre. This week CVN honors
Matt Santini as the Coosa Valley News Person of the Week.
Floyd County Sheriffs Dept. Honors Employees
- The Floyd County Sheriff’s Office held its Annual Meeting,
last week and employees were praised on their great contributions
and the work performed throughout the 2011 year.
Sheriff Tim Burkhalter praised FCSO staff on acquiring national
accreditation, while noting employees `earned the award he just
received it on their behalf`.
Winners of our annual awards were as follows:
Joe Adams Comunity Service Award - Maj. Robert Sapp and Cpl. William
`Ghee` Wilson, Jail Operations Employee of the Year - Jim Pilgrim,
Field Operations Employee of the Year - Jacob Pledger,
P.I.G Award - Major Tommy McGuire, Employee of the Quarter - Kerri Champman.
Georgia Museum Inc. Wins Four Awards
- The Tellus Science Museum and the Bartow History Museum
won 4 of the 11 possible awards this week at the Georgia
Association of Museums & Galleries` annual
conference. Tellus won three GAMG awards; Museum Volunteer Award,
Patron Award and Business/Corporation Award.
Floyd County Officers Can Now Use Radars
- Following a loss of certification for using radars in their patrol
cars, Floyd County police officers are now allowed to issue speeding
tickets. Floyd County lost close to $15,000 in revenue between
January 1 and January 25.
Shorter Plans Construction for New Student Center
- Shorter University is working with architects to develop plans
for a 100-bed student residence facility. The facility will
provide much-needed student living space for the university.
`Shorter University has had tremendous growth, and in the fall of
2011, our record enrollment included approximately 120 students
who wanted to live on campus that we were unable to accommodate
with on-campus housing,` said Dr. Don Dowless, university
president. `The student experience is enriched by being part of
the campus community, and we are excited that this new
construction will allow us to have even more of our student
population reside in our Christ-centered campus environment.`
Rome Man Charged with Child Molestation
- 20 year-old Jeremy Lamar Turner of Rome has been arrested and charged
with statutory rape and child molestation. Police reports said that
Turner is accused of having sex with a 14 year-old at least
five times.
Rome`s Unemployment Edges Up
- Rome`s unemployment rate edged up a tenth of a percent to
10.4% in December. The number of jobs fell by 300, 100
in government and 200 in the private sector.
Berry Conducting Floyd County Environmental Survey
- Berry College environmental science students are using a public
survey to determine pressing environmental issues in Floyd County.
The quick and easy online survey
(www.berrycollegeenvironmentalsurvey.com) is targeted towards
Floyd County residents to solicit opinions about local
environmental problems. Once the results are in, the Berry
students will choose an environmental project based on the
findings of the survey.
Heart of the Community Walk to Honor Terry Simmons
- Lace up your walking shoes, and plan on participating in the
4th annual Heart of the Community Walk. The walk will be held
Saturday, February 25th and kicks off at 10 a.m. with pre-walk
festivities beginning at 9:30 a.m. at Citizen’s First Bank in
downtown Rome, GA. The walk, previously benefiting the American
Heart Association, is now for the fourth year raising proceeds
for the Heart of the Community Foundation. Proceeds raised in
2012 walk will be used to purchase signage and mile markers for
Rome’s Jackson Hill Recreational Trail and go towards the
creation of an additional trail to link downtown Rome with
Summerville Park, Redmond Regional and Berry College.
This year’s walk honors heart disease survivor Terry Simmons.
Simmons is a local State Farm Insurance Agent a two time survivor
of heart complications.
Book Sale at Rome Library This Week
- There will be a gigantic book sale in the Children`s Department
of the Rome Floyd County Library this week. All books
are twenty five cents. Classics, Harry Potter, fiction and
non-fiction titles will be available. The book sale will be
from 9:00 a.m. until 8:00 p, m. on Wednesday and Thursday and
from 10:00 a.m. until 4:30 p, m. on Saturday.
Model`s Hays Repeats as Champion
- Hunter Hays, a seventh-grade student at Model Middle School, is
the repeat champion of the Gifted Education Middle School
Oratorical Contest. Hays and participants from Armuchee Middle,
Coosa Middle, Model Middle and Pepperell Middle participated in
the fourth annual oratorical contest on Thursday, January 19, at
the Floyd County Board of Education.
Gordon County names Firefighters of the Year
- The Gordon County Fire and Rescue Department has named
EMT-I Brandon Holcomb as Career Firefighter of the Year.
It also honored Johnny Frix as its Volunteer Firefighter of
the Year.
Even the IRS says the complexity of the tax code is a problem.
IRS Commissioner Douglass Schulman said, `Making the tax code
less complex is the single most important thing that could be
done to improve taxpayer service and boost compliance.`
The Tax Foundation estimates that it takes more than 7
billion hours to file all U.S. taxes. That works
out to roughly 3.5 million people working full time.
That works out to a cost in time and money of roughly
$400 billion or about 16% of the total taxes collected
by the Federal government.
The IRS also estimates that it fails to collect around
$400 billion due `compliance issues.`
Neither of those numbers include the economic costs of
decisions that are made for `tax` reasons instead of
economics. For instance, when the profits in one industry
are taxed less than the profits in other industries, people
will continue adding to investments in the low-tax industry
even though the additional investment would create more
value in other industries. One estimate of those costs is
$975 billion or $75 billion more than is collected in
income taxes.
Of course, all of these numbers are estimates. But
they suggest that a simpler tax code could potentially
mean more growth, lower tax rates, but higher tax
collections. An additional, and perhaps even more important
benefit, could be a much fairer system.
For instance, General Electric had worldwide profits of
over $14 billion in 2010. Five billion of that was earned
in the U.S. The U.S. corporate tax rate, theoretically
the highest in the world at 35%, results in almost $5
billion in taxes (of total profit) or $1.75 billion (
U.S. profit). Actually G.E. claimed a tax benefit of
$3.2 billion. That amounts to a swing of over $5 billion
(from taxes of $1.75 billion to benefits of $3.2 billion).
If that sounds unfair, it is the result of a 75,000 page
tax code along with one of corporate America`s best
team of tax experts, including former officials from the
Treasury, I.R.S. and virtually all the tax-writing
committees in Congress.
Four Banks Seized
- Four banks, two in Tennessee and one each in Florida and
Minnesota, were seized on Friday bringing 2012`s total
to seven.
Tax Gap?
- The IRS has released its latest estimates of what it calls
the `tax gap.` That is the difference between what it
thinks `should` have been paid vs. what it collected. In
2006, which is the latest year for which data is available,
that number was $450 billion.
Recovery? - Gas Sales Say Opposite
- While the `Great Recession` officially ended over two
years ago, gasoline sales haven`t participated.
Democrats to Hold Rally at Ga Capitol
- The Floyd County Democratic Party will join several state groups
in Atlanta this Saturday, January 28 for a rally at the state
capitol. The event will be from noon until 2:00. Local memebers
said that the event is to `tell Republicans that Georgia
deservies better.`
A $6 Trillion Bazooka?
- A recent analysis by Peter Boone and Simon Johnson of the
Peterson Institute concludes that it will take around
$6.25 trillion (the so-called `big bazooka`) to save
the Eurozone.
Ga DNR Honors Investigative Ranger of the Year
- Catching poachers and other wildlife violators often involved lengthy criminal investigations and
require diligence and dedication on behalf of conservation rangers.
Cpl. Michael Crawley, representing Washington and Johnson counties, was
named Investigative Ranger of the Year for demonstrating tenacity and
excellence in his work, which included a complex case with more than 18
violations in 2011.
Ga. Power Readies for Next Phase in Dalton Energy
- Georgia Power Co. will soon begin construction on a project that will
double the generating capacity of the utility’s solar plant in
Dalton. The first phase of the plant went on line last March and
is operating with a capacity of 350 kilowatts. Construction of the second phase, due to be completed in about
two months, will bring the plant up to 700 kilowatts, on its way
to a full capacity of 1 megawatt of electricity.
Georgia Competitiveness Initiative report Released
- Gov. Nathan Deal released comprehensive recommendations to ensure
the short- and long-term success of job creation and business
growth in Georgia. The final report of the Georgia Competitiveness
Initiative, which will help shape Deal’s economic development
strategy for the state, outlines statewide opportunities,
strategies and action steps as well as insights into the unique
needs of each of the state’s 12 regions.
Georgia Ranked 34th Most Business Friendly
- According to the Tax Foundation’s 2012 State Business Tax
Climate Index, Georgia is ranked as the No. 34 `business friendly`
state. The ranking is among the 50 states and was the same
ranking as last year for the Peach State.
Cobb EMC Back Out of Building Coal-Plant
- Cobb EMC’s board of directors voted this week to stop financing
its share in a consortium intending to build a huge coal-fired
power plant known as Plant Washington. The vote came
just before Cobb EMC began seeking bids for its future power
supplies, and CEO Chip Nelson confirmed to the Marietta Daily
Journal two weeks ago that the nonprofit electric cooperative
was losing interest in building the 850-megawatt plant in Sandersville.
East Point to Get Distribution Center
- $30 million will be invested by Martin-Brower to create
a 220,000 sq-ft build-to-suit refrigerated distribtion
ceter in East Point, Georgia. The plant is expected to
be operational this fall and employee almost 300 workers.
Clemency Hearing for Killer on Monday
- A clemency hearing is scheduled for Monday with the Board
of Pardons and Paroles for Nicholas Cody Tate. Tate was
sentenced to die for killing a Paulding woman and her
daughter in 2001.
I, the Entertainment Guru, thinks that The Devil Inside is a pretty
good rendition of exorcisms and their conflict with the Catholic
church, filled with a few grotesque images but mostly well-timed
noises and quick movements that offer knee-jerk reactions.
As with most thrilling movies, if you’ve seen one exorcism film
then you’ve seen this before, just with a different title and
different actors. The movie uses a documentary style filming,
which was fairly well done actually, to follow characters through
dimly lit scenes and dwellings that offer jumps around every
corner.
The focus appeared to be to make the story believable and
life-like, sadly that’s what also made the movie unappealing.
The documentary filming and dialogue were done well enough to
have some semblance of believability but the story was hardly
intriguing.
The film could have branched off into many different
storylines but instead stayed on a rather clean path that left
the viewer bored, just waiting for a jumpy scene to find any sort
of enjoyment. With such possibilities, the film offered little
in the way of thrills and ended with a heartfelt dud.
The biggest headscratcher: the run time is less than an hour and
twenty minutes. In the end, the movie just didn’t have the
goods.
I might be a lot of things, but I have never been one to walk
over a grave.
With that being said, my heart goes to the entire Paterno
family, but I refuse to say what a great man he was.
At the end of the day Joe Paterno turned his head and let a child
molestator do his thing on the campus that Joe Pa was head of.
I`m sorry, for everything Paterno accomplished during his career,
even defeating Hershel in his last game at UGA, it was ruined
by the egocentric coach. Bonds, McGwire and Sosa will never get
into the Hall of Fame for `supposedly` doing steroids.
Joe Paterno does not belong as well for his self admitted behavior.
The NFL got it`s game. You know league officials were not excited
about a Baltimore/San Fran Super Bowl. The league always want big
market teams in the finals (minus Green Bay), and they can`t get much
bigger than a rematch of one of the best games ever between teams
in New York and basically Boston.
I try not to get political on here, but here`s my thing about
the `2 percent`. This week Prince Fielder signed a contract
worth somewhere in the rage of $20 million a year. Republicans
say that millionaires shouldn`t have a higher tax rate than everyone else
because they `create jobs`. I`m not sure what businesses Fielder, along
with almost every other sports start making millions each year
playing ball create. Just Sayin`
And please don`t confuse that comment as me being a bleeding heart
liberal, because I`m not. I`m just trying to see the larger picture.
A lot of my friends are talking about baseball season around the corner.
For me, I am pumped to the max about this Wednesday. It`s national
signing day for high school kids. There more flips and flops than
John Kerry a few years ago. Here`s to a fun field day this week!
I am disturbed about the way Chester Brown has been treated. Last
time I checked Somoa, aka AMERICAN Somoa is governed by the United
States of America. But because of the issue a few years ago at KSU, Brown
has been forced to decommit to UGA and look at other schools. Had the
kid been from Mexico or China I get it, but when we are talking about
an island that basically belongs to the US, I take issue.
NASCAR is about to start up. I`d rather sit on a brige off of
I-75. It`s more interesting.
So who is the luckiest person of the year? Greg Schiano will leave
New Jersey and move to Tampa, Florida. Luckey dog.
Hey if you are free this week come join me for CVN team trivia
on Monday night at Outta Bounds Sports Grille in Armuchee and
on Thursday night at World of Wings in Rome! 7:30 start time both nights!
Email me! Tony@CoosaValleyNews.com
Tony Potts
Buford Football Coach Dies
- An assistant Buford High School football coach, Ryan
Daniel, 30, has died of a heart attack while playing
a pickup game of basketball at the school.
Hawks Comeback for Win in OT
- Atlanta came back to tie the Pistons with a Joe Johnson
three-pointer with 1.9 seconds and then started the overtime
with a 12-2 run to pull out a 107-101 win on Friday.
Heidi Seabaugh to Join Lady Vikings Tennis Team
- Berry College tennis coach Clay Hightower announced Thursday that Kennesaw Mountain High School senior Heidi Seabaugh has declared his intention to enroll at Berry and play for its women`s tennis team beginning in the fall of 2012.
Shorter Improves to 20-0
- Shorter`s No. 1-ranked men`s basketball team extended its
program record winning streak to 20 games with a 97-70 rout of
Southern States Athletic Conference East Division rival
Brewton-Parker on Thursday night at the Winthrop-King Centre.
The Hawks improved to 20-0 overall and 10-0 in the SSAC to remain
alone atop the East Division standings. Shorter placed five
players in double figures and saw just one starter eclipse 25
minutes of action in a game that got away from Brewton-Parker
(7-13, 5-6) early.
Celtics Show Up Magic
- The Celtics erased a 27 point Orlando lead en route to a
91-83 win in Orlando on Thursday. Boston defeated
Orlando twice this week.
Lady Hawks Power Past Brewton-Parker
- Brittney Smith poured in a career-high 20 points and Shorter University outscored Brewton-Parker 47-18 in the second half on its way to a 78-41 victory in a Southern States Athletic Conference East Division matchup at the Winthrop-King Centre on Thursday night.
Allison Danner finished with a season-high 14 points and Shelby Farrer and Megan Queen pulled 10 rebounds apiece for the 24th-ranked Lady Hawks (16-4, 8-2 SSAC), who picked up a fourth straight win heading into Saturday`s showdown at No. 5-ranked Lee.
Berry's Men's Golf Team Adds Two For Next Year
- Berry College golf coach Brian Farrer announced Thursday that Ty Hampel of Whitfield Academy in Mableton and Drew Kosko of Sarasota (Fla.) High School have declared their intention to attend Berry and compete on the golf team beginning in the fall of 2012.
Michael Tucker To Join Vikings Tennis Program
- Berry College tennis coach Clay Hightower announced Thursday that Model High School student Michael Tucker has declared his intention to enroll at Berry and play for its men`s tennis team beginning in the fall of 2012.
The Kayfabe Preview Report is a montly show brought to you by
Coosa Valley News the weekend of each World Wrestling Entertaiment
Pay-Per-View Event. Watch as the panel goes over the matches and go in-depth
with predictions! Plus you can watch the PPV with the CVN staff
at Rome Cinamas on the BIG SCREEN Sunday nights at 8!
Berry 5K Early Deadline Approaching
- The early registration deadline for the Berry Half Marathon is quickly approaching. Participants have their choice of three different races: the half marathon, the Viking Classic 10K and a 5K. Those who register before Jan. 28 will save $10 on registration for the half marathon and $5 on the 10k and 5k. All three races are scheduled for Saturday, Feb.18, at Berry College.
