Federal Extended Unemployment Benefits To Be Cut Because Of Sequestration

Tuesday, March 5, 2013

Thousands of jobless workers in Georgia receiving federal Extended Unemployment Compensation (EUC) will soon see a reduction in their weekly benefits because of sequestration. EUC is a federally-funded benefit for long-term unemployed workers who have exhausted regular state unemployment insurance (UI) benefits.

The Georgia Department of Labor (GDOL) has been told by the U.S. Department of Labor to reduce EUC benefits by 10.7 percent, effective the week beginning March 31. There are presently 61,360 recipients of EUC in Georgia.

The current maximum weekly benefit is $330, while the average benefit is $260. Regular state-funded unemployment insurance benefits will not be affected. 

The federal government will also reduce the state labor department’s administrative funding grant by approximately $3 million. The grant is used to pay costs of administering the unemployment insurance program.

The cuts will negatively impact the department’s operations, but it is too soon to know the extent.

The GDOL will notify jobless workers who will be affected. Also, complete information will be available at www.dol.state.ga.us.

First Horizon Declares Quarterly Dividend

First Horizon National Corp.'s board of directors has approved payment of a quarterly cash dividend on its common stock of $.07 per share. The dividend is payable on Jan. 3, 2017, to the common shareholders of record on Dec. 9.   The board of directors has also approved payment of a quarterly cash dividend of $1,550.00 per share on FHN's Non-Cumulative Perpetual Preferred ... (click for more)

Chattanooga's NorthShore Offers Activities To Get Families Off Their Devices This Holiday Season

The NorthShore Merchants Collective is hosting its Second Annual Holiday Window Treasure Hunt to benefit the Northside Neighborhood House.   "To join in the fun, all you have to do is pick up a game card from any one of twenty-seven participating businesses and start a-hunting," officials said.  "Similar to those 'find the hidden object in the picture"' games you might ... (click for more)

In Surprise Vote, Chattanooga City Council Turns Down Short Term Vacation Rentals

In a surprise vote, the City Council on Tuesday night turned down allowing a process to legalize short term vacation rentals in Chattanooga. Only Chip Henderson and Jerry Mitchell voted in favor. Opposed were Carol Berz, Yusuf Hakeem, Larry Grohn, Moses Freeman, Ken Smith and Russell Gilbert. Chris Anderson was absent. Afterward, Councilman Smith said, in light of the vote, ... (click for more)

Cold Case Unit Makes Arrest In Murders Of Brothers In Brainerd Almost 20 Years Ago; Detectives Say Brainerd Jeweler Rick Davis Tied To Incident

The Cold Case Unit set up by District Attorney Neal Pinkston has made an arrest in the murders of two brothers in Brainerd almost 20 years ago. The Hamilton County Grand Jury on Monday indicted 52-year-old Christopher Jeffre Johnson on two counts of first-degree murder in the January 1997 deaths of Sean and Donny Goetcheus. The 25-year-old Sean Goetcheus and his ... (click for more)

October Is Breast Cancer Awareness Month

Picture a sold-out baseball game at Wrigley Field or Nationals Park packed with 40,000 fans. That image represents roughly the same number of women and men who die from breast cancer each year.  In Tennessee alone, an estimated 900 women will die from the disease in 2016. It is a sad statistic, but there is some good news: thanks to early detection and improved treatments, ... (click for more)

Roy Exum: Saving A Life & More

About 40 years ago I was at an afternoon football practice when one of those who was also watching from the fence was bitten by a bumble bee or yellow jacket or whatever it was and almost died from anaphylactic shock. Luckily an athletic trainer had an EpiPen, jammed it into the man’s thigh and it is believed to have saved the victim’s life. For years I kept an EpiPen on the top ... (click for more)