F’ville TAD delayed, will be readvertised

The Fayetteville Tax Allocation District (TAD) redevelopment plan designed to stimulate economic development in some of the city’s older commercial areas was back on the Oct. 17 agenda after being tabled earlier this month. But the resolution to move ahead with the plan had not been advertised correctly so the resolution was put on hold for the second time.

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via The Citizen http://www.thecitizen.com/articles/10-23-2013/f%E2%80%99ville-tad-delayed-will-be-readvertised

Fayette Commission replies with stormwater answers

In an effort to promote passage of the Core Infrastructure Special Local Option Sales Tax in advance of early voting, the Fayette County Commission has released a list of questions and answers about the proposed tax. The questions and answers have been posted on the county’s website at www.fayettecountyga.gov.

The two-year tax, which would fund $16.8 million in stormwater projects in the unincorporated county, would also provide $14 million in road and cart path maintenance for Peachtree City and $6.7 million for a variety of projects in Fayetteville.

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via The Citizen http://www.thecitizen.com/articles/10-23-2013/fayette-commission-replies-stormwater-answers

BoE wins dismissal of Starr’s Mill student’s lawsuit about use of Facebook photo

A former Starr’s Mill High School student’s lawsuit against the Fayette County Board of Education over the use of a Facebook photo she posted has been dismissed in federal court.

U.S. District Judge Timothy C. Batten ruled that because plaintiff Chelsea Chaney posted it to her Facebook page, thus allowing others access to it, she had no reasonable expectation of privacy under federal law.

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via The Citizen http://www.thecitizen.com/articles/10-23-2013/boe-wins-dismissal-starr%E2%80%99s-mill-student%E2%80%99s-lawsuit-about-use-facebook-photo

Holyfield mansion, Fayette’s largest, on the auction block

Fayette’s largest home is up for auction. The mansion that was once the residence of heavyweight boxing champion Evander Holyfield will go on auction in mid-November and carries a starting bid of $2.5 million.

The one-of-a-kind home — at more than 48,000 sq. ft. on nearly 105 acres along Ga. 279 in north Fayette County — looks more like a palace than a house. It was listed on Redfin.com with an asking price of $7.9 million. But now at auction, the residential behemoth requires an opening bid of only $2.5 million.

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via The Citizen http://www.thecitizen.com/articles/10-23-2013/holyfield-mansion-fayette%E2%80%99s-largest-auction-block

Union Jack flies atop Pinewood soundstage

It took more than two centuries, but the British Union Jack is flying again on Fayette County soil. That flag, along with the American flag and the job site flag designating the various developers, was hoisted last week to the roof of one of the soundstages at Pinewood Atlanta Studios in a “topping out” ceremony to signify the placement of the tallest portion of the 65-foot building.

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via The Citizen http://www.thecitizen.com/articles/10-23-2013/union-jack-flies-atop-pinewood-soundstage

NASDAQ Slumps Most In 2 Weeks; Trannies Pump Ever Higher

Credit markets remain notably less sanguine than stocks; VIX remains relatively well bid; and in a freakish state of affairs most US equity indices closed the day with an odd shade of red against their price… all that is, except for Trannies which soared 0.67% to new all-time highs once again. Nasdaq was the worst (-0.7%) as more momo slipped (TSLA’s turn today), the S&P 500 oscillated in a very twitchy manner all day around its VWAP (for its first losing day in 5 sessions) tracking EURJPY once again, and CAT dragged on the Dow.  Sector dispersion off the lows from 2 weeks ago narrowed notably today. Elsewhere, the USD slipped further, now down 0.4% on the week; commodities drifted lower with oil worst  (-3.8% on the week closing below $97!); and Treasuries rallied very modestly (yields down 1-2bps).

 

Credit remains less excited…

 

S&P 500 futures oscillated around VWAP in a very twitchy pattern all day…

 

But Trannies didn’t care about any of it…

 

Sectors, rather notably, saw dispersion post debt-ceiling lows collapse…

 

VIX remains bid…

 

and notice the noise around EURJPY… the algos are fighting hard to hold this…

 

Commodities slipped all day…

 

Charts: Bloomberg

Bonus Chart: TSLA got the NFLX treatment on downgrades…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/BiSB0uENp9o/story01.htm Tyler Durden

Steve Liesman Apologizes

Following his "can we get some mexican music to go along with that" Ted Cruz comments, the always "apolitical" Steve Liesman – who honed his 'economic' teeth while on a mission to communist Russia – has issued an apology. Explaining his remarks were not meant to be "offensive in any way," Liesman suggested perhaps country-western would be a better choice next time…

 

The "oops" moment…

On Tuesday morning’s CNBC Squawk Box, senior economics reporter Steve Liesman blamed the weak jobs report on Senator Ted Cruz (R-TX). He said, “We’re going to call this the Senator Ted Cruz jobs report. These are the jobless claims of Senator Ted Cruz.” As CNBC showed a picture of Cruz, Liesman added, “There he is! There he is! Can we get some music to go along with that, some Mexican music maybe?”

 

 

and the apology

Regarding my recent remark on Squawk Box regarding Senator Ted Cruz, I first want to deeply and sincerely apologize if my remarks were insensitive.

 

Second, I want to explain that it was not intended to be offensive in any way.

 

I thought of him only as an American senator from Texas, and in an attempt, on the fly, to choose music representing that state, I chose Mexican music.

 

As a musician for many decades, I've played and listened to tons of Texas songs infused with Mexican themes. A better choice would have been Country/Western or Texas Roadhouse Blues – it was a bad reach all the way around.

 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/-Q1V-zPMpFo/story01.htm Tyler Durden

Carl iCahn Tweets “New Letter” Sent To Apple’s Tim Cook

Given the carnage that ensued in NFLX yesterday, we suspect the following tweet:

 

 

which he notes will be released to the public tomorrow is more a threat of him “selling” his shares if he doesn’t get what he wants… and given the market liquidity, who knows what AAPL’s stock does?


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/TdFwN9jhUlY/story01.htm Tyler Durden

Carl iCahn Tweets "New Letter" Sent To Apple's Tim Cook

Given the carnage that ensued in NFLX yesterday, we suspect the following tweet:

 

 

which he notes will be released to the public tomorrow is more a threat of him “selling” his shares if he doesn’t get what he wants… and given the market liquidity, who knows what AAPL’s stock does?


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/TdFwN9jhUlY/story01.htm Tyler Durden

Gov. Deal pins ‘Deal of Year’ on Pinewood

The Georgia Economic Developers Association (GEDA) on Monday presented Pinewood Atlanta Studios and the Fayette County Development Authority (FCDA) with the 2013 Deal of the Year Award in the “Large Community” category.

Gov. Nathan Deal was on hand to recognize company and community representatives at GEDA’s Annual Awards Ceremony held at the Macon Marriott City Center.

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via The Citizen http://www.thecitizen.com/articles/10-23-2013/gov-deal-pins-%E2%80%98deal-year%E2%80%99-pinewood