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Montgomery takes steps to bring a medical cannabis dispensary

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Montgomery city leaders are taking steps to bring a medical cannabis dispensary to the capital city.

On Tuesday, council members unanimously approved an ordinance authorizing the operation of a medical cannabis dispensary within city limits. 

The law recently passed in the legislature allows for five dispensaries across the state. City leaders say they want to make sure Montgomery is one of those possible destinations.

City leaders say just one dispensary could bring between 100 and 200 jobs to the area.

”Dispensaries are looking for cities to be proactive in saying ‘we’re open for business,” Councilman CC Calhoun said. “It’s an opportunity to create economic development and an opportunity to create jobs. They’re not looking to bring dispensaries into a city that’s not willing to say, ‘hey, we’re willing to do business.’ It’s taxable.”

China restrains the rise of the yuan after the currency hit 2.5X high

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 China’s central bank is trying to restrain the rise of the yuan after the currency hit a 2 1/2-year high against the dollar.

Commercial banks were ordered Thursday to increase the amount of their foreign currency deposits that are held as reserves for the second time this year. That reduces the amount available for trading, making it easier for Beijing to manage the exchange rate.

The ruling Communist Party said in 2015 the yuan would be made a “freely tradable and freely usable currency” by last year. But it has kept controls in place due to concern about swings in the exchange rate and the flow of money into and out of the world’s second-largest economy.

A rising yuan threatens to make China’s exports more expensive abroad, hampering a manufacturing revival following last year’s slump. A stronger yuan would make imported oil, iron ore and other raw materials cheaper for Chinese manufacturers.

In 2017, the central bank tightened controls on trading to stop a fall in the yuan’s value after a change in the mechanism used to set the exchange rate triggered a flurry of selling.

The People’s Bank of China is trying to make the yuan’s state-set exchange rate more flexible and market-oriented but has intervened over the past year to restrain its rise. Those controls are an irritant in relations with Washington, which complains that a weak yuan makes China’s exports improperly cheap and swells its multibillion-dollar trade surplus.

The yuan has gained a modest 2% against the dollar since mid-August, but that was enough to boost it to 6.3762 to the dollar this week, its highest level since May 2018. That makes one yuan worth about 15.7 cents.

Thursday’s order raised banks’ foreign currency reserves to 9% of deposits from 7%. It was increased to that level from 5% in May, the first change since 2007. Economists said then that it locked up about $20 billion in foreign currency.

Atlanta ranked No 7 of most sinful cities

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For a time of peace and goodwill toward our fellow people, we sure do enjoy a lot of “sins” dTo determine 2021′s most sinful cities in America, the financial website WalletHub compared 182 cities — including the 150 most populated in the United States, plus at least two of the most populated in each state — across seven key dimensions: anger and hatred, jealousy, excesses and vices, greed, lust, vanity and laziness.

It then examined those dimensions using 37 relevant metrics, each graded on a 100 point scale, with a score of 100 representing the highest level of sinfulness.

When the points were tallied, Las Vegas retained its title of “Sin City,” with a score of 60.98.

Las Vegas was followed by St. Louis, Houston, Los Angeles and Denver, in that order.

Atlanta finished No. 7 overall, with a score of 49.22.

The good news about our city is we ranked middle of the pack for excesses and vices at No. 85, and were No. 179 out of 182 for greed. Our lack of greed seems to be a Georgia thing, because the state’s other two cities, Augusta and Columbus, finished right behind us at No. 180 and No. 181, respetively.

The bad news is we’re jealous (fourth) and vain (ninth). Atlanta finished No. 35 for anger and hatred, and No. 63 for laziness.

And we ranked No. 5 nationwide for lust.

In addition, we tied with Las Vegas; Portland, Oregon; and Tampa for the most adult entertainment establishments per capita.

2021 Eater Awards Winners for Atlanta

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atlanta.eater.com announced the winners of the 2021 Eater Awards, celebrating the new restaurants and pop-ups that made the largest impact on all 24 Eater cities since January 2020.

Best New Restaurant

Tum Pok Pok, Chamblee

5000 Buford Highway
Tum Pok Pok

Atlanta includes a multitude of American Thai restaurants, some better than others. But when Tum Pok Pok opened on Buford Highway in April, it captured the attention of not only dining critics, but those seeking tried and true Thai dishes in Atlanta. The Chamblee restaurant specializes in Isan street eats and foods sold by vendors or found in homes throughout northeast Thailand bordering the Mekong River.

Best Pop-Up to Permanent Restaurant

Talat Market, Summerhill

112 Ormond Street
Pla Chae Nahm Pla with madai sashimi, finger limes, mint, fried garlic, arugula, and Thai chiles
Andrea Lorena

After successfully transitioning from pop-up to permanent restaurant in April 2020, Talat Market is now a dining destination. That commitment to family recipes, original takes on Thai dishes, and Georgia farmers continues in Summerhill, too, where dishes like fish head soup, crispy rice salad, and grilled spiny lobster pair with martinis, natural wine, and beer slushies.

Best New Menu

Little Bear, Summerhill

71 Georgia Avenue
A ceramic blue and white bowl of gold rice pudding garnished with edible violets at Little Bear Atlanta
Ryan Fleisher

Little Bear is a charming Summerhill spot where Stieber and his crew poke fun at fine dining’s proclivity for tweezer food with dishes rivaling the five-star establishments the chef lampoons. But, just three weeks after opening, the pandemic caused Stieber to shut down the dining room and shift Little Bear to takeout. The takeout menus continued to be as interesting and fun as those Stieber created at the restaurant and for Eat Me Speak Me.

Best Pandemic Pivot

Staplehouse Market, Old Fourth Ward

541 Edgewood Avenue
The newly opened Staplehouse market on Edgewood Avenue in Atlanta with two people ordering meats and cheese at the counter from a masked employee during the pandemic of 2020
Ryan Fleisher

Staplehouse, the award-winning tasting menu restaurant on Edgewood Avenue, transformed into a neighborhood market and counter-service establishment with a glorious garden patio last fall after the restaurant’s chef Ryan Smith and wife Kara Hidinger purchased it from non-profit Giving Kitchen. Don’t skip the pastry case here, or an opportunity to create a charcuterie and cheese board with the Staplehouse Everything Crackers and spongy focaccia topped with onion jam. Order cocktails or grab a bottle of wine from the market and head out back to enjoy on the covered patio or tables in the garden filled with friends and families gathered for a casual afternoon.

Best New Vegan Restaurant

Grass VBQ Joint, Stone Mountain

5385 Five Forks Trickum Road
Grass VBQ Joint

What started out as a pop-up, first at the Global Grub Collective and then at Orpheus Brewing, has now become one of metro Atlanta’s most successful vegan restaurants. But what sets owner Terry Sargent’s Stone Mountain restaurant apart are his vegan takes on Southern barbecue staples. At Grass VBQ Joint, Sargent doesn’t skimp on the flavors expected in barbecue down South, doling out smoked pulled jackfruit, smoked chick’n with Alabama white sauce and bread and butter pickles, and veef brisket sandwiches topped with celery slaw and Vidalia onion sauce.

Best New Pop-Up

La Chingana, Various locations

Chef Arnaldo Castillo during a recent La Chingana pop-up at Gato in Candler Park
Kris Martins

Chef Arnaldo Castillo first launched La Chingana in 2020 while working as the head chef of Minero at Ponce City Market. With his own business, Castillo says, he can begin building generational wealth for his future children. Now, the chef can be found popping up at restaurants across Atlanta offering menus filled with classic and deeply personal Peruvian dishes packed with flavor and heart, like ceviche clásico, jamón del país sandwiches, choros a la chorrillana (mussel escabeche on sourdough toast), and causa limeña. Castillo plans to turn La Chingana into a permanent restaurant, an homage to Lima and northern Peru, where his family hails from, and his godmother’s restaurant there.

Amazon eyes Buckhead, could bring 300 jobs

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Amazon is eyeing an expansion of its corporate operations in Buckhead, according to market sources. It could bring up to 300 jobs.

The global e-commerce and internet services giant is looking for up to three floors and may be targeting Uptown Atlanta, a development at the Lindbergh MARTA station and near a future BeltLine connection, sources say.

The search comes a few months after Amazon expanded its Buckhead office at Terminus 200. That office housed Amazon Web Services, according to previous Atlanta Business Chronicle reporting. Amazon also has a logistics hub at Atlantic Station, according to previous reporting.

It is unclear which division and exactly how many jobs the Buckhead expansion could involve. Amazon did not return repeated requests for comments. The company has a reputation for being tight-lipped about its operations.

Companies allocated approximately 200 square feet per employee in 2020, according to JLL research. If Amazon leases 80,000 square feet — which is about three floors — that could bring up to 300 new jobs.

Amazon has 300 open positions based in Atlanta on its website. Most of those are technology roles. The two divisions with the most open roles are Amazon Web Services and Amazon Entertainment.

AWS is one of Amazon’s fastest-growing divisions, posting $54 billion in annual sales, according to Reuters. The pandemic accelerated the growth of both Amazon’s cloud computing services and its e-commerce business. 

Amazon sits at the heart of the two industries driving Atlanta’s job growth — logistics and technology.

Atlanta has a legacy as a center of physical distribution and supply chain and a strong network of logistics tech companies. The industrial market is experiencing a record-setting year. Much of that growth can be attributed to the increase in e-commerce transactions sparked by the COVID-19 pandemic.

In 2020, Amazon opened at least three facilities in Georgia, including its first robotics fulfillment center in the state. It has seven fulfillment and sortation centers, four delivery stations, 12 Whole Foods Market locations, one tech hub and one Amazon Air hub in the state as of the end of last year

In the spring, Amazon said it would hire more than 3,800 people in the local area as it expanded operations in the U.S. and Canada. Amazon already employees more than 21,000 employees in Georgia, according to the state.

Japanese billionaire dock at International Space Station

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A Japanese billionaire and his producer rocketed to space on Wednesday and reached the International Space Station several hours later, the first visit by self-paying space tourists to the orbiting outpost in more than a decade.

According to AP, fashion tycoon Yusaku Maezawa and producer Yozo Hirano, who plans to film his mission, blasted off for the International Space Station in a Russian Soyuz spacecraft along with Russian cosmonaut Alexander Misurkin.

The trio lifted off as scheduled at 12:38 p.m. (0738 GMT) aboard Soyuz MS-20 from the Russia-leased Baikonur launch facility in Kazakhstan and successfully docked at the orbiting outpost almost six hours later.

In several more hours, the crew will be able to open the hatches and move to the space station from the Soyuz.

Maezawa and Hirano are scheduled to spend 12 days in space. The two are the first self-paying tourists to visit the space station since 2009. The price of the trip hasn’t been disclosed.

Pfizer says COVID booster offers protection against omicron

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According to AP, Pfizer said that a booster dose of its COVID-19 vaccine may offer important protection against the new omicron variant even though the initial two doses appear significantly less effective.

Pfizer and its partner BioNTech said that while two doses may not be protective enough to prevent infection, lab tests showed a booster increased by 25-fold people’s levels of virus-fighting antibodies against the omicron variant.

Blood samples taken a month after a booster showed people harbored levels of omicron-neutralizing antibodies that were similar to amounts proven protective against earlier variants after two doses.

Scientists don’t yet know how big a threat the omicron variant really is. Currently the extra-contagious delta variant is responsible for most of the COVID-19 cases in the U.S. and other countries.

But the omicron variant, discovered late last month, carries an unusually large number of mutations and scientists are racing to learn how easily it spreads, whether it causes illness that is more serious or milder than other coronavirus types — and how much it might evade the protection of prior vaccinations.

Pfizer’s findings, announced in a press release, are preliminary and haven’t yet undergone scientific review. But they’re the first from a vaccine maker examining whether the booster doses that health authorities are urging people to get may indeed make an important difference.

Scientists have speculated that the high jump in antibodies that comes with a third dose of COVID-19 vaccines might be enough to counter any decrease in effectiveness.

Pfizer and BioNTech already are working to create an omicron-specific vaccine in case it’s needed.

Major outage affects Amazon Web Services; many sites reported issues

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According to AP, Amazon’s cloud-service network suffered a major outage Tuesday, the company said, disrupting access to many popular sites. The service provides remote computing services to many governments, universities and companies, including The Associated Press.

Roughly five hours after numerous companies and other organizations began reporting issues with Amazon Web Services, the company said in a post on the AWS status page that it had “mitigated” the underlying problem responsible for the outage. Shortly thereafter, it reported that “many services have already recovered” but noted that others were still working toward full recovery.

The issue primarily affected Amazon web services in the eastern U.S., it said. The company has not disclosed any additional details about the problem besides noting that it had also affected its ability to publish status updates.

Also according to DownDetector, people trying to use Instacart, Venmo, Kindle, Roku, and Disney+ reported issues. The McDonald’s app was also down. But the airlines American, United, Alaska and JetBlue were unaffected. Kentik saw a 26% drop in traffic to Netflix, among major web-based services affected by the outage.

“When we put everything in one place, be it Amazon’s cloud or Facebook’s monolith, we’re violating that fundamental principle,” said Malamud, who developed the internet’s first radio station and later put a vital U.S. Security and Exchange Commission database online. “We saw that when Facebook became the instrument of a massive disinformation campaign, we just saw that today with the Amazon failure.”

It was unclear how, or whether, the outage was affecting the federal government. The U.S. Cybersecurity and Infrastructure Security Agency said in an email response to questions that it was working with Amazon “to understand any potential impacts this outage may have for federal agencies or other partners.”

The number of remote jobs is growing, and 25% of professional

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According to Bizjournals, the number of remote jobs is growing, and 25% of professional, high-paying jobs will be remote by the end of 2022, according to a new analysis by high-paying jobs site Ladders Inc.

The career site has been tracking job postings that pay $80,000 or more per year and has noted the rate of remote work has been steadily increasing. High-paying remote jobs amounted to 4% of all such postings before the pandemic, were at 9% at the end of 2020 and are up to 15% today, according to Ladders.

Based off the current trajectory, Ladders predicted a quarter of all high-paying jobs will be remote by the end of 2022.

“This change in working arrangements is impossible to overhype. As big as it is, it’s even bigger than people think,” said Ladders CEO Marc Cenedella in a press release. “Hiring practices typically move at a glacial pace, but the pandemic turned up the heat, so we’re seeing a rapid flood of change in this space. It’s really rather amazing.” The shift to remote work is the largest societal change in America since the end of World War II, Cenedella said.

That means remote work can free employees from being tethered to big, expensive urban centers. Cenedella said he expects to see smaller towns and cities that have appealing lifestyle elements but have normally lacked professional jobs grow.

Cities have already begun offering cash and perks to remote workers wiling to pick up stakes and move to a new city — a trend experts say is here to stay. And an analysis of the impact of long-term remote work after the pandemic from the University of Chicago’s Becker Friedman Institute for Economics found lower spending on meals, entertainment, personal services and shopping, cutting spending in major cities by 5% to 10% of overall pre-pandemic spending.

But even with remote work on the rise, there is a big disconnect between managers and employees. That’s because about 44% of executives working remotely want to work from the office every day, compared to just 17% of employees, according to a report by the Fall 2021 Future Forum Pulse, a survey of 10,569 knowledge workers across the United States, Australia, France, Germany, Japan and the U.K. conducted over the summer and backed by productivity company Slack.

The ongoing tug-of-war over remote work and other perks comes as workers are quitting their jobs at record rates. Across America, the number of of workers quitting reached 4.4 million in September, with the Bureau of Labor Statistics showing the percentage of Americans who quit their job in September rose to 3% — the highest-ever rate recorded since the BLS began collecting data in 2000. The so-called “quit rate” was highest in accommodation and food services, at 6.6%, with retail trade at 4.8%.

The workers that remain are increasingly worn out and tired too. Most remote workers say they work more hours at home than at the office — but managers are largely unconcerned about potential burnout among their staffs. 

Evictions up, 30,000 tenants are still waiting for applications to be processed

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According to AJC, an estimated 30,000 tenants in Georgia are still waiting for applications to be processed. As of late November, less than 15% of the $989 million allotted to Georgia had been distributed, a pace that’s been criticized by tenant advocates and housing experts.

Georgia — which delegates rental assistance distribution to nine counties, two cities and the Department of Community Affairs — lags behind 38 states and the District of Columbia in the amount of rental assistance dollars disbursed, according to the most recent statistics from the U.S. Department of Treasury.

Meanwhile, the number of evictions has been increasing.

Until late August, a federal moratorium kept evictions in check. While that ban was in effect, monthly evictions in the five core counties of metro Atlantaaveraged about 7,500 — a little more than half the pre-pandemic level. In the three months since the moratorium ended, evictions have averaged about 10,000 a month, according to data provided by the Atlanta Regional Commission.

In terms of sheer numbers, Fulton has had the most filings, nearly 10,000 in the past three months.

But DeKalb County saw the steepest rise in eviction filings. In September, there were 2,215 filings, up 31% from August, according to the Atlanta Regional Commission. There were 2,700 filings in October, a 59% increase from August. In holiday-shortened November, there were still 2,126 filings.

The number of evictions has not approached the epic proportions that many affordable housing advocates feared. In fact, filings are still below pre-pandemic levels.

But things could get worsesoon.

Unless Georgia gets better at distributing payments, the state might lose some of the rental assistance money allotted. Up to $120 million of the remaining funds could be redistributed to more efficient states, according to the U.S. Treasury Department.

It hasn’t been as simple as sending out checks, said Daphne Walker, division director for housing assistance at the Georgia Department of Community Affairs. Programs had to be assembled, staff trained, outreach done and applicants vetted, Walker said last week, speaking to the Atlanta Regional Housing Forum.

“We pay money back if we get something wrong,” Walker said. “We have to be accurate, and we have to be reliable.”

But Michael Waller, chief executive of the nonprofit Georgia Appleseed, a policy advocacy group, said Georgia needs to act with more urgency.

“This needs to be more of a priority at the highest levels of state government,” he said. “It would be a tremendous loss for Georgia and for landlords if this money goes back to the federal government.”

Georgia officials have filed plans with the Treasury Department to ramp up payments. As part of that vow, the state will do more marketing to tell renters what’s available and will transfer $74 million to local programs that are expected to process payments quickly.

That can’t happen soon enough, said Denise Fisher, a board member for Society of St. Vincent de Paul Georgia, a nonprofit working with low-income households.

“We are seeing some people who get evicted while they are waiting for the rental assistance money,” said Fisher.

In Cobb County, officials make sure that both tenants and landlords hear about rental assistance when they come to court for eviction hearings, said Chief Magistrate Judge Brendan Murphy.

In 2019, there were 21,830 eviction filings in Cobb, followed by 10,814 last year. So far this year, there have been about 13,200, according to Murphy.

“There has not been the overwhelming crush of eviction cases that we anticipated,” he said. “And we think that was because rental assistance is working.”

The federal government has given out two rounds of rental assistance, and DeKalb County has spent all $21.6 million from the first round, said Javoyne Hicks, state and magistrate clerk of court. “The biggest challenge we’ve had is getting people to submit all the required documents. Without that, we can’t move forward,” she said.

Yet rental assistance has limits. It’s meant as a bridge to get a tenant over a rough patch. It cannot provide a tenant more income.

“A lot of our clients work in day care or in restaurants, things that have not completely come back. So there is still a lot of COVID-related hardship,” said Donna Ross, who works with Legal Aid in Cobb County. “Evictions are something we see every day. It has steadily gone up.”

The federal assistance also can’t reshape a market in which rents are rapidly rising.