We need to plan for transportation density now

 

Transportation in the Charleston area is an issue that needs to be dealt with by the community as a whole.  The region needs to provide a lot of the necessary infrastructure, businesses need to get involved with incentives, and individuals need to coordinate travel to either share the ride or consider alternatives.  Our transportation issues are serious today.  Unless we address them, they are only going to get worse over time.  The future is ours to plan for now.

16_morrisStudies have been done to evaluate potential solutions.  Avenues from light rail and water ferries to improved bus systems have been explored.  These ideas all have a certain appeal, but when you get into the logistics of implementation there are caveats.

One of the caveats is the density of our area.  Charleston has 190.75 housing units per square mile.  This is currently the lowest of comparable metros used in the studies.  Although we do not have the density now, it is either going to be density, massive sprawl — or perhaps both —  in our future.  Higher density nodes should be thoughtfully planned to support our growth and the ability to sustain options such as bus rapid transit, commuter rail and light rail. (more…)

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What’s going on post-Brexit and what it means

Photographer Bill Hawker of Sydney, Australia, captured this shot outside the Tower of London around the time of the Brexit vote.

Photographer Bill Hawker of Sydney, Australia, captured this shot outside the Tower of London around the time of the Brexit vote.

By Kyra Morris, contributing editor  |  History was made June 23 of this year when the United Kingdom (UK) voted to leave the European Union (EU).  For two days after the so-called “Brexit” vote, the U.S. stock market offered buying opportunities.

The DOW fell over 600 points on the June 25 and another nearly 300 points on the following Monday.  Then the rebound began.  Within the following month, the S&P and the DOW not only regained their pre-Brexit levels, but went on to achieve record highs.  International markets since the vote – everywhere but the UK — also rebounded.  This include both developed and emerging markets.  This is only one month.  Does it give us any idea of what to expect going forward?

16_morrisLet’s first review Brexit.  The vote was close: 51.9 percent to leave and 48.1 percent to stay.   The referendum turnout was 71.8 percent, with more than 30 million people voting. It was the highest turnout in a UK-wide vote since the 1992 general election. The point here is that it was not a landslide win for the exit vote, but one that was very tight with a very broad representation. (more…)

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One Region targets infrastructure, education, housing

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By Kyra Morris, contributing editor  |  The Charleston area is our home.  This area includes Charleston County, Berkeley County and Dorchester County.  It’s changing, and it’s happening quickly.  The passive approach is to sit back and simply marvel, or perhaps we can complain at the increase in traffic with poor road conditions, the high cost of housing and the quality of our educational system.  The active approach is to get involved.

The Charleston Regional Development Alliance (CRDA) and the Charleston Metro Chamber of Commerce (CMCC) joined together to form a collaborative initiative.  The purpose is to create a multi-fibered think tank representing the public sector, private sector, nonprofit and educational organizations within our region to further enhance and sustain our economy while maintaining the quality of life we all cherish.  They call this initiative One Region: A Global Competitive Strategy. (more…)

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Brexit Causes Uneasy Time in Global Markets but Don’t Panic!

History is made!

May we live in interesting times – for sure!   The citizens of Great brexitBritain surprised the financial markets with their vote to exit the European Union (EU).

Polls closed at 10 p.m. London-time (5 p.m. Eastern) June 23rd, and the official results were called about 9 hours later. Eligible voters were “British, Irish and Commonwealth citizens over 18.  Anyone who was a resident in the U.K., along with U.K. nationals living abroad and Commonwealth citizens like those in Gibraltar were also eligible, unlike in a general election

Leave won by 51.9% to 48.1%. That’s not a landslide for Leave but it is enough.

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Future Bright for Volvo, Charleston

In May of 2015, Volvo chose South Carolina to build its first plant in North America. Volvo will build its factory on a 2,800-acre parcel of the Camp Hall Industrial Campus near Ridgeville in Berkeley County.  It will be a 575-acre first phase development with an initial 2,000-worker assembly plant.   Volvo’s investment for its American presence in our home state will begin at $500 million.

16_morrisWhy Ridgeville?  Ridgeville is a small town with a population of approximately 2,000 people who live 12 miles northwest of Summerville.  Ridgeville is also 30 miles from a thriving port that currently exports more than 800 BMWs a day.  The proximity to a vital port that provides access overseas is a very important factor for Volvo.

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Let’s Talk Politics and the Markets

By Kyra Morris, contributing editor | This is an election year, and often we hear that election years are bad years for market returns. This is a particularly interesting, unusual and unexpected election year.   The markets are jittery. What though really is the correlation of election years and the subsequent years to market returns?

Financial Advisor CharlestonBefore I present the data that shows every presidential election since 1928 and the returns of the Standard & Poor’s (S&P) 500 Index both during and subsequent to the election year, let’s see how you do on some election and presidential trivia. See what you can do to answer these questions without peaking. The answers are given after all the questions:

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Coming Together is Teck’s Theme, Charleston’s Desire

By Kyra Morris, contributing editor | “Coming Together” is the theme of Charleston’s newly-elected mayor, John Tecklenburg. Charleston does not just represent the formal city of Charleston but the whole tri-county area, and coming together in Charleston is not new.

charleston financial advisors, fee-only In 2015, we experienced a unified community. Our community demonstrated to the world what coming together really means by the way we handled the tragic incidents that occurred with the shooting of Walter Scott in the spring and the horrific massacre at a Bible study at Mother Emanuel AME Church in June. In both cases, Charleston reacted with a voice of forgiveness, love and harmony.   This could not have happened if the foundation for a culture of coming together were not already laid. We have been building this foundation for a long time. Coming together for us is our heritage. It is our hope, and it continues to be our challenge.

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Advice On Financial Resolutions For The New Year

“Be always at war with your vices, at peace with your neighbors, and let each New Year find you a better man.”

— Benjamin Franklin

By Kyra Morris, contributing editor | It’s almost January, a time for new beginnings. The holidays are just about over. Now it’s time to pay for the festivities. We often say to ourselves, “I’m going to do it differently this year.” Then we ask ourselves, “Is it worth the effort?” So many resolutions go unresolved and undone. So – can the New Year truly find you a better person.

Financial Advisors CharlestonPrior years’ studies show that around 51 percent of those who make resolutions regarding their finances feel they are better off financially after just one year. That’s over half. The percentages are in your favor. With a little forethought and some self-motivation, you can do it. Identify your goals and desires, and then develop your plan. Your financial resolutions may improve your overall financial health. (more…)

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Have a financially-savvy holiday season

By Kyra Morris, contributing editor  |  As our bellies are now full from a wonderful Thanksgiving meal, it’s now time to consider emptying the wallet for the holidays.  At least that is what retailers would like for you to do.  The holiday season and shopping are often directly correlated. Instead of the joy of the season, we often experience the stress of the season.

00.morrisHere are some ideas that may help you through with your sanity intact and a little extra in your wallet. (more…)

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The Blood Supermoon: Astronomical Phenomenon or Apocalypse?

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By Kyra Morris, contributing editor 

9/28/2015 | As USA Today put it, “It almost sounds like something from a comic strip: A total supermoon lunar eclipse, also known as a blood moon — supermoon.” This is real, and by the time you read this, it happened in its fullness on Sunday, Sept. 27, 2015, lasting until early Monday morning.

Why is this worth writing about? Well, this particular phenomenon seldom happens. The last time was 1982 and the next time will be in 2033. It was also visible during prime time. You did not have to wait until 3 in the morning to catch a glimpse.

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