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July 25 - Business Buzzzzzzzz

Category: Business Buzzzzzzzz

SBJ – Business Buzzzzzzzz July 25, 2011

U.S. Sen. Saxby Chambliss, R-GA, reiterated his support on Friday, July 22, of passing the Cut, Cap and Balance Act, legislation he was co-sponsoring to reduce federal spending. Republican lawmakers offered this legislation as a solution to the nation’s debt crisis, but it was blocked Friday in the Senate by a 51-46 procedural vote to table the legislation that stopped it from coming to a full vote.

Congress faces an Aug. 2 deadline to decide whether to raise the debt ceiling and grant the federal government more borrowing authority above the present limit of $14.3 trillion. On July 19, the House passed H.R.2560, that chamber’s version of the Cut Cap and Balance Act, by a vote of 234-190. The legislation would cut fiscal year 2012 non-defense discretionary spending by $435 billion, set hard spending caps on future budgets and require the passage of a balanced budget amendment before Congress can raise the debt limit. Chambliss is also a co-sponsor of the Balanced Budget Amendment.

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The University of Phoenix Savannah Campus has announced the release of an iPhone App that provides students with 21st Century mobile classroom university experience. PhoenixMobile, an application for the iPhone and iPod touch, will support both the University’s online and on-campus students. “The majority of University of Phoenix students balance their studies with families and/or a full-time job, making 21st Century technology indispensible in their busy lives,” according to the school.

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Marika Brownlee of Savannah, a graduating senior from Savannah Christian Preparatory Academy, is one of 100 students to receive up to $25,000 a year in individual annual awards from the Buick and General Motors Foundation in the Buick Achievers Scholarship Program. She will be studying mathematics at the University of Chicago in the fall. She is the daughter of Tina Kohout and Roosevelt Brownlee, Jr. of Savannah.

"One of the aims of the Buick Achievers Scholarship program is to strongly encourage today's brightest young minds to pursue fields of study that will prepare them for careers in manufacturing industries," said Bob Ferguson, GM Foundation chairman and GM vice president, Global Public Policy. "By doing so, we will help improve our nation's global competitiveness in fields that are driving economic growth in the 21st century."

Nearly half of the scholarship recipients are the first in their families to attend college, and a number of the recipients are dependents of military families.

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The Democratic Party of Georgia is focused on its '5% solution,’ the goal to boost Democrats' share in every rural district next year by at least 5 percent, predicting it will change the outcome in statewide races. For example, Dan Matthews of Oconee County, running as a Democrat, took 38 percent of the vote to Republican Chuck Williams' 62 percent. But Matthews' tally represented an improvement over the 28 percent that Democrat Suzy Compere received last November in her loss to GOP nominee Hank Huckaby. “We saw the Democratic vote share in this district leap from 28% to 38% in less than a year. It's only been a few months, and our new strategies are working,” according to Mike Berlon, party chairman.

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