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Saturday, April 27, 2024

Regulation News

Regulation

Financial Researcher: Georgians could see increase in credit card fraud under proposed credit card regulations

Glenn Grossman, the director of research at financial advisory firm Cornerstone Advisors, said the pending federal “Credit Card Competition Act of 2023” (CCCA) could lead to an increase in credit card fraud.

By Peach Tree Times News Service | Apr 25, 2024

Regulation

Brother of Laken Riley murder suspect used forged green card to work at University of Georgia

The Department of Justice revealed on March 7 that Diego Ibarra, brother of murder suspect Jose Ibarra, is facing federal charges for using a forged green card to secure employment at the University of Georgia. The authorities have linked Ibarra to a Venezuelan crime organization during the ongoing investigation into the death of nursing student Laken Riley.

By Peach Tree Times | Mar 12, 2024

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Georgia lieutenant governor: 'We're fighting to end CON in rural Georgia and deliver healthcare to rural families'

By Peach Tree Times Report | May 25, 2023

Lieutenant Governor Burt Jones actively champions the growing movement seeking to abolish the Certificate of Need Program in Georgia.

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GA Rep. Byrd: New federal mortgage rule will “penalize home buyers with good credit”

By Peach Tree Times Report | May 11, 2023

Georgia State Rep. Charlice Byrd (R-Woodstock), writing on behalf of the Georgia State Freedom Caucus, called on the Federal Housing Finance Agency (FHFA) to end a new policy he says will “penalize home buyers with good credit.”

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'Families cannot afford to live in Biden’s America': Average Georgia household has lost $7,100

By Peach Tree Times Report | Jan 5, 2023

EJ Antoni, a research fellow in regional economics at The Heritage Foundation's Center for Data Analysis, said the Biden administration's policies have driven up inflation, costing the average household thousands of dollars through a combination of costs rising faster than wages and high interest rates. Georgia residents have been hit hard by inflation, and can expect to pay as much as 24% more this winter to heat their homes than last winter.

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EIA expects Georgians to spend 54% more for electricity this winter

By Peach Tree Times Report | Dec 16, 2022

The U.S. Energy Information Administration's (EIA) release of data for its short-term energy outlook last week offered grim news for Americans with the colder months approaching as limited natural gas production combined with a higher demand for natural gas means higher prices.

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CBP: 'There were 227,547 encounters along the southwest land border in September'

By Peach Tree Times Report | Nov 7, 2022

The number of border crossings in the Southwest in 2022 alone has already surpassed any previous year on record with the U.S. Customs and Border Patrol (CBP).

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New poll: ‘76% say grocery prices have risen in last month’ while Sen. Warnock supported spending bills that some say partly led to inflation

By Andy Nghiem | Oct 21, 2022

Ballotpedia’s most recent Scott Rasmussen Number of the Day poll finds a majority of voters have seen grocery prices and gas prices rise in the past month. Economists are predicting a recession is coming and inflation is not going away anytime soon. Some economists say inflation is tied to government spending, supply chain logistics and the war in Ukraine. Sen. Raphael Warnock has historically supported many of the spending bills under the Biden administration.

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As Georgia's gas prices hover around record levels, Jean-Pierre castigates OPEC for constricting oil supply: 'The decision that OPEC+ made last week was a mistake'

By Emily Bevard | Oct 21, 2022

A week after OPEC announced its decision to slash cut back on oil production by 2 million barrels per day, White House Press Secretary Karine Jean Pierre addressed questions about the administration’s plans to respond to OPEC’s decision and its ramifications for the US gas supply.

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Department of Energy says Georgia's gas misery index at $132: 'The President will continue to direct SPR releases as appropriate'

By Emily Bevard | Oct 18, 2022

The latest Gasoline Misery Index, which tracks how much more (or less) the average American consumer will have to spend on gasoline on an annualized basis, reports that the average American is spending around $341 more on gas this year when compared to the same time a year ago.

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US, Georgia experiencing spike in opioid-related overdose deaths as drugs flood southern border

By Andy Nghiem | Oct 9, 2022

Overdose deaths in Georgia and across the U.S. have increased dramatically in the last two years.

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Rapier: Biden’s draining of SPR 'contradicts key objectives of reducing carbon emissions'

By Emily Bevard | Oct 4, 2022

On March 31, President Biden announced the release of up to 180 million barrels of crude oil from the nation's Strategic Petroleum Reserve (SPR) over a 6 month period, in his effort to curb high gas prices.

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Congresswoman Letlow on Biden's ban of new oil and gas leases: ‘Domestic production is the long-term solution’

By Emily Bevard | Sep 19, 2022

Congresswoman Julia Letlow (R-LA) recently tweeted about President Biden's ban on new oil and gas leases, claiming it contributed to high gas prices.

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Georgia's Gas Misery Index is high despite Biden's 'draining' of the Strategic Petroleum Reserve

By Andy Nghiem | Jul 21, 2022

President Biden announced the use of Strategic Petroleum Reserve (SPR) crude oil with the goal of bringing down gas prices for American consumers, on March 31. Since then, the price of gas has increased over 6% and Georgia's Gas Misery Index has remained high since the SPR was tapped.

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Georgia weekly Gas Misery Index at $927: 'We're going through an incredible transition'

By Emily Bevard | Jul 8, 2022

Gas prices are decreasing slightly across the United States as demand for crude oil continues to drop.

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Georgia's weekly Gas Misery Index at $1,091

By Emily Bevard | Jun 24, 2022

Gas prices in the United States have slightly declined over the past week, as a result of a drop in demand for crude oil. Today's national average price per gallon has been reported at $4.93, 33 cents higher than a month ago.

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'The pain of higher prices continues for U.S. consumers': Gas Misery Index in Georgia reached $1,084 this week

By Andy Nghiem | Jun 10, 2022

As the national gas average hovers just a cent below $5 a gallon, this week's Gasoline Misery Index has surpassed $1,000 and currently sits at $1,005.

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Risk of energy blackouts in Georgia, Warnock supports end to fossil fuels

By Andy Nghiem | Jun 8, 2022

Industry experts are warning that Georgia and many parts of the U.S. could face increased electricity blackouts due to sweltering temperatures this summer. Many blame Biden's policies and a research fellow for energy and environmental issues at The Heritage Foundation says Biden's version of “energy independence” during an energy crisis is headed in the wrong direction.

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'Soaring inflation has led to uncertainty over rising costs': Georgia's Gas Misery Index reaches $863 ahead of Memorial Day

By Andy Nghiem | May 27, 2022

As Memorial Day weekend approaches and the nation heads into peak driving seasons, the latest Gasoline Misery Index shows the average Georgian will spend an average of $863 more this year than they did last year. The Energy Information Administration (EIA) reported the current prices for the holiday weekend to be the highest inflation-adjusted prices in the past decade.

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Cammack: 'In our own district at home, we cannot find baby formula' while pallets are sent to the border

By David Hutton | May 20, 2022

Following a sudden plant-shutdown of giant baby formula producer Abbott Nutrition in February, the entire nation is being plagued by a formula shortage, which comes on the wake of allegations that the FDA dragged its feet on a whistleblower report from late last year.