Menu Close

Fed Survey Locates Economy Slowing In Several Areas Of Region

Never has there been more pressure on some organizations, to provide more ROI and collaboration with other community organizations. Systemic challenges around economic equity and mobility will be an elevated priority going forward. From the fledgling days when courageous EDOs were taking shots in the dark to retain or attract talent, there is now a science and framework around talent, similar to what has evolved for business recruitment, expansion and retention. The Ady Advantage Talent Strategy Framework documents over 360 talent strategies from around the country and its seminal Midwest Talent Strategy research helps move that field forward. Now, we are at the forefront of evaluating talent programs and improving them for even more ROI. Talent programs share the marquee more equally with business development programs. Last March, I wrote a blog predicting how Covid-19 would impact economic development.

The detailed New Yorker piece on the bin Laden raid triggered media reaction to the story and accounted for 3% of the newshole. Perhaps the biggest revelation in the piece was the assertion that the elite team of Navy Seals was clearly on a mission to kill the al Qaeda chief, with capturing him not deemed a viable option. Of the key players in the process, none of them fared well with the public, with President Obama doing the best by getting a 41% approval rating for his role in the negotiations. That topped the ratings for House Speaker John Boehner, Senate Majority Leader Harry Reid and congressional Tea Party members.

It’s been quite a ride since then, but my predictions were pretty darn close. At least enough to embolden me to make some predictions for 2021. Monroe, Ga. based ESCOGO is on the cusp of exponential growth due in part to the assistance they gained through the Georgia Centers of Innovation.

Economy Headlines

The Fed report released Wednesday said that the bulk of the Fed’s 12 regions reported modest gains in economic activity in recent weeks. Quotes displayed in real-time or delayed by at least 15 minutes. Click on topic name to see how attention to topics changes over time and to see a word cloud of key terms for each topic. Mouse over the time series plot to see headlines of articles closely associated with the topic each month. Monthly Topic Attention. csv reports WSJ attention allocation to news topics in each month from, which are the estimated monthly theta parameters from the model. Some have been buoyed by unexpected retail tax revenue as locals purchase remotely and pay local sales taxes. Others have been hit with declining revenues from overnight hotel stays, events, and restaurant businesses slowed to a crawl.

As an organization, the Forum has a track record of supporting efforts to contain epidemics. In 2017, at our Annual Meeting, the Coalition for Epidemic Preparedness Innovations was launched – bringing together experts from government, business, health, academia and civil society to accelerate the development of vaccines. CEPI is currently supporting the race to develop a vaccine against this strand of the coronavirus. The platform is created with the support of the World Health Organization and is open to all businesses and industry groups, as well as other stakeholders, aiming to integrate and inform joint action. Last week, Giffords’ return provided a very rare piece of good news from Washington.

That said, we can be confident that, while we don’t know the exact impact the virus will have on the housing market, we do know that housing isn’t the driver. The true fact of the Goldman Sachs GDP Forecast released this week indicates that although there is no growth anticipated immediately, gains are forecasted heading into the second half of this year and getting even stronger in early 2021. Though the headline is true, it doesn’t reflect the full essence of the Goldman Sachs forecast. The projection is actually that we’ll have a hard first half of the year, but the economy will bounce back nicely in the second half; GDP will be up 12% in the third quarter and up another 10% in the fourth.

As ESCOGO needed to reformulate their product to meet customer demands, the Center connected them with the University of Georgia who provided the research to create a new product. When asked about the World Health Organization’s recent direction that wearing masks was not needed, Edwards defended the state’s public health officials’ advice to continue wearing masks in public. “Due to reporting problems, some data is difficult to interpret, creating pockets of doubt about the real situation, ” said PAR President Robert Travis Scott. Meanwhile, the Public Affairs Research Council questioned whether LDH had released enough data to accurately reflect the state’s progress. In a news conference on Monday, Gov. John Bel Edwards said he would sign the Phase Two proclamation on Thursday.

Finding reliable resources with information on the economic and housing impact of the virus is more difficult. For this reason, it’s important to shed some light on the situation. Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we will continue to see a rash of horrifying headlines over the next few months. Let’s make sure we aren’t paralyzed by a headline before we get the full story.