When Ted Turner, the founder of the Cable News Network, inaugurated the company’s first broadcast on June 1, 1980 he forever changed the way the world would receive television news and opinion programming. That’s why it’s fitting that the Georgia Historical Society just dedicated a new “Georgia Business History Initiative” marker at Atlanta’s CNN Center that recognizes Turner. The Society annually salutes Georgia companies in order to teach students, citizens and tourists about the pivotal role of the state’s business development. So we salute both the Georgia Historical Society for this worthy recognition and Turner for his visionary contribution 38 years ago. Their boats are RISING….
Rent control in Georgia?
The Atlanta City Council this week submitted a request to the state legislature asking them to repeal the state’s prohibition on rent controls. Citing rising housing costs, the Atlanta officials hope that allowing for rent control might lead to more affordable housing within city limits. However, 81% of economists agree that rent control is a bad policy, one that decreases stock of rental units, driving the average price up not down, and actually further fuels gentrification rather than limiting it. With a legislature that figures to be very reluctant to institute such a policy, the bid for rent control in Atlanta is SINKING…
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