Saturday, May 18 2013 8:00 AM EDT2013-05-18 12:00:09 GMT
In its effort to hire 10,000 new employees in May, Dollar General will host a career fair at Dollar General located at 2017 N Slappey Blvd. in Albany, Ga. on Saturday, May 18 from 10 a.m. to 2 p.m.More >>
The event is held as part of the major retailer's effort to hire 10,000 new employees in May...More >>
Friday, May 17 2013 11:59 PM EDT2013-05-18 03:59:20 GMT
The family of an Albany teenager who died on Friday, isn't sure how they'll pay for her funeral. 16-year old Keyanna Lang died from a heart condition. Due to her illness the family couldn't keep lifeMore >>
The family of an Albany teenager who died on Friday, isn't sure how they'll pay for her funeral.More >>
Friday, May 17 2013 11:58 PM EDT2013-05-18 03:58:09 GMT
A student-led effort to help cancer survivors ended up being a big success at a Lee County School. Friday students at Twin Oaks elementary school donated the proceeds from their effort to the Cancer CoalitionMore >>
A student-led effort to help cancer survivors ended up being a big success at a Lee County School. Friday students at Twin Oaks elementary school donated the proceeds from their effort to the Cancer Coalition of Southwest Georgia.More >>
Friday, May 17 2013 11:44 PM EDT2013-05-18 03:44:12 GMT
Furloughs for Marine Corps Logistics Base workers could start in less than two months. About 2,000 workers at the Albany base will have to take up to 11 unpaid days off in the next fiscal year that startsMore >>
Furloughs for Marine Corps Logistics Base workers could start in less than two months.More >>
Friday, May 17 2013 11:43 PM EDT2013-05-18 03:43:28 GMT
The Rat Pack came back to Albany Friday night. Sinatra and Friends performed at Doublegate Country Club to raise money for the Albany Symphony Association. The guys who play the roles of Frank Sinatra,More >>
People danced the night away to Frank Sinatra tunes.More >>
September 19, 2007
Albany-- The federal reserve's decision to cut rates a half a percentage point this week is seen as a shot in the arm for the US economy. Local lenders say it will have immediate effects on some shorter term loans. Others may have to wait for a trickle down effect.
"directly it usually effects your short term lending like cars and credit cards, but eventually it does have a trickle down effect on us, just like this morning of an eighth of a percentage point trickle down and probably they will come down more as the stock market goes up and the other lending picks up a little bit also" said Northside Mortgage owner Stacey Walker.
Stock prices surged as the decision gave investors hope the housing and credit turmoil wouldn't drag the economy down. The Dow Jones industrial average closed up 335 points Tuesday, the Dow's best daily percentage gain since 2003. It was up another 76-points today, but is the surge just a short term event?
"I think it is more short term than long term because one thing that the Federal Reserve is trying to do is one try to stimulate the economy when necessary and the other is to control inflation and if we see an inflationary trend in the economy they could raise that rate again in six months, or a year from now. So I think it is more of a short term situation than a long term" said Financial Planner Tommy Padgett.
Many economists say more rate cuts may be on the horizon if the housing market remains sluggish.