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Michael Kanell
Michael Kanell is a business writer with the Atlanta Journal-Constitution
Latest from Michael Kanell
Business owners take a wait and see attitude with shutdown
The government shutdown hasn’t shaken the confidence of Miles Whitlock in the American consumer. For now, people will still go out and spend money, he said, and banks will lend money, too. But he doesn’t think their patience is infinite. The longer the shutdown lasts, the more likely the economy ...
Idled federal workers fear lengthy downtime
The partial government shutdown this week drizzled uncertainty on tens of thousands of households in metro Atlanta, applying a financial pressure that will ratchet higher the longer it goes on. A few federal workers who spoke to the AJC this week expressed a mix of emotions, most saying they had ...
Looking for a village to raise start-up tech firms
It may take a village to help a start-up company soar. So say some entrepreneurs, asserting that young companies grow faster and better in a community of peers than they do on their own. As Atlanta struggles to pull away from hard economic times, they say, it needs to nurture ...
Metro jobless rate tumbles in August
The jobless rate in metro Atlanta dropped sharply last month, falling to 8 percent in August from 8.6 percent in July. Fewer layoffs and 2,800 jobs added during the month contributed to the drop, the sharpest July-to-August fall since the state started collecting metro data in 1976. People leaving the ...
As rates rise, metro Atlanta consumers, companies reposition selves
With the cost of borrowing on the rise — and the potential for continued increases in the wake of recent maneuvering by the Federal Reserve — metro Atlantans are recalculating plans ranging from home purchases to investments to corporate borrowing. Anyone who borrows, lends or invests money has been confronted ...
Poll: Georgians down on economy but hopeful about own prospects
Georgians can tell the difference between their household finances and the economic health of the larger economy, and it seems that hope hangs out close to home. The Atlanta Journal-Constitution found in a poll conducted earlier this month that 62 percent of the respondents see the state’s economy as either ...
Five years after Lehman, recovery lags
Five years ago, the collapse of financial giant Lehman Bros. signaled the start of an economic crisis that would wipe out a quarter million jobs in metro Atlanta — one in every 10. Today, by a host of measures, the region has still not made up much of the ground ...
New ideas for Atlanta
In a week, more than 50 experts and entrepreneurs will gather in an attempt to jump-start efforts to improve a troubled educational system and an underperforming economy. But it’s just talk: can a conference change Atlanta? For sure, the Collaborative Leadership Summit – or (co)lab as organizers call it – ...
For better of worse: Technology makes it easier to personalize prices
It used to be that the price was the price. Sure, there were sales, special offers and discounts galore. But each consumer didn’t get a different deal. And the price didn’t constantly shift, based on supply and demand. But combine consumer data and speed-of-light technology, and that’s what you get. ...
Clayton fugitive arrested in SW Atlanta
After a brief gunfight and an hour-long standoff, police in southwest Atlanta early Saturday arrested a murder suspect who was one of Clayton County’s most-wanted fugitives. Victoriano Javier Perez, 41, was arrested in a house along Regents Street, according to Channel 2 Action News. Perez was wanted for the fatal ...
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