About Douglas County, GA

Market Comment - Week of September 14th, 2009

Mortgage bond prices rose last week pushing mortgage interest rates lower. The US Treasury auctions went well with relatively strong foreign demand for most issues. The gains came as the Fed continued to pour billions into mortgage bonds in an effort to keep rates low to stabilize the housing sector of the economy. The data was mixed as weekly jobless claims came in better than expected and the Fed "Beige Book" indicated inflation remained in check. For the week interest rates fell by about 3/8 of a discount point.

The consumer price index will be the most important data this week. If inflation indications are tame, rates will likely hold steady or improve. However, if inflation increases look for mortgage interest rates to spike higher.

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Economic Factors
Economic Indicator	Release Date Time	Consensus Estimate	Analysis
Producer Price Index	Tuesday, Sept. 15, 2009	Up 0.8%, Core up 0.1%	Important. An indication of inflationary pressures at the producer level. Lower figures may lead to lower rates.
Retail Sales	Tuesday, Sept. 15, 2009	Up 1.6%	Important. A measure of consumer demand. A smaller than expected increase may lead to lower mortgage rates.
Business Inventories	Tuesday, Sept. 15, 2009	Down 0.8%	Low importance. An indication of stored-up capacity. A significantly large increase may lead to lower rates.
Consumer Price Index	Wednesday, Sept. 16, 2009	Up 0.4%, Core up 0.1%	Important. A measure of inflation at the consumer level. Lower figures may lead to lower rates.
Industrial Production	Wednesday, Sept. 16, 2009	Up 0.7%	Important. A measure of manufacturing sector strength. A lower than expected increase may lead to lower rates.
Capacity Utilization	Wednesday, Sept. 16, 2009	69.1%	Important. A figure above 85% is viewed as inflationary. Weakness may lead to lower interest rates.
Housing Starts	Thursday, Sept. 17, 2009	Up 1.2%	Important. A measure of housing sector strength. Weakness may lead to lower rates.
Philadelphia Fed Survey	Thursday, Sept. 17, 2009	None	Moderately important. A survey of business conditions in the Northeast. Weakness may lead to lower rates.

Business Inventories

The report on business inventories basically gives a broader look at the durable goods, factory orders, and retail sales reports. Not only is this report an important part of the investment component of the GDP, but it also provides additional evidence about the economy in the upcoming months. Changes in business inventories slow as the economy approaches a peak, and rise as the economy approaches the trough of a recession. Therefore the change in business inventories is a leading indicator of GDP. The data for this report, which are published by the Department of Commerce's Census Bureau, comes from a monthly survey of inventories, orders, and manufacturers' shipments, in addition to the merchant wholesalers and retail trade surveys.

Not a great amount of attention is typically paid to this report due to the fact that much of the data is already available and surprises are rare. The only new information in this report is retail inventories. However, in this environment every piece of data has the potential to cause some volatility.

There still remains some uncertainty about the future of mortgage interest rates. Taking advantage of the recent improvements in rates makes sense.

Douglas County Happenings

'There's Always Something ‘Happening' in Douglas County"

HAPPENING THIS WEEKEND!

7 p.m. on dctv23 (Channel 23 on Comcast cable) and web cast on www.CelebrateDouglasCounty.com

Coming Attractions: Friday, September 11th - "The Third Man", starring Orson Welles

Friday, September 18th - "The Little Princess", starring Shirley Temple

Friday, September 25th - "A Star is Born", starring Janet Gaynor and Frederic March

Saturdays, September 12th and 19th: SEPTEMBER SATURDAYS FESTIVAL!

Saturday, September 12th: Heroes Day - plus Car and Motorcycle Show + Atlanta Braves Experience

Saturday, September 19th: Family Fun Day - plus Touch-a-Truck Experience + Atlanta Hawks and Thrashers

Street Tour + Rope Bridge

12 noon - 6:30 p.m., each Saturday, grounds of the Douglas County Courthouse ~ 8:00 p.m. Movies

Come join the thousands of Douglas County citizens who enjoy September Saturdays each year! Community Marketplace, Musical

Performances, Rides, Inflatable Games, Exhibits, Food Court, Car and Motorcycle Show (September 12th), Touch-a-Truck Experience

(September 19th), Family Movies at 8 p.m. on the outdoor movie screen ("Racing Stripes" on September 12th, "Journey to the Center of

the Earth" in 3-D on September 19th)

Saturday, September 12th: Fall Concerts on the Plaza: Latin Rhythms

7:00 p.m., O'Neal Plaza in historic downtown Douglasville ~ Open to the Public, Free Admission ~ concerts continue

Saturdays, September 19th and 26th

Cultural Arts Council, 8652 Campbellton Street, 770.949.2787, www.artsdouglas.org

Sunday, September 13th: Gallery Talk and Tour - Fantasy Art

3:00 p.m., Cultural Arts Center ~ Artists Victoria Moore and B J Rathor ~ Open to the Public, Free Admission

8652 Campbellton Street, 770.949.2787, www.artsdouglas.org

Monday, September 14th: National Child Passenger Safety Day at Monkey Joe's

6:30 p.m. - 8:30 p.m., 7442 Douglas Boulevard ~ 20% of admission and concession sales will be donated to Safe Kids Douglas County

Monday, September 14th: Lecture on Preventing and Helping to Stop Child Prostitution and Sexual Exploitation

6:30 p.m., Downtown Douglasville Conference Center ~ Open to the Public, Free Admission ~ Speaker: Kaffie McCullough of "A

Future, Not a Past" campaign

Junior League of Douglas County, Kerry Rigdon, 770.489.3942

Thursday, September 17th: Girl Scout Organizational Meeting

6:30 p.m., Douglasville 1st United Methodist Church, Hospital Drive at Prestley Mill Road ~ Open to all girls ages 5 - 17 who wish to

enhance leadership skills, participate in community service projects, explore modern science and technology, and more!

www.GirlScoutsofGreaterAtlanta.org, 404.527.7500

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West Georgia Technical College, Timber Ridge Road, Douglasville, Now Enrolling for Fall Classes!

Cosmetology - Automotive - CAD - Dental Assistant - Law Enforcement - CIS - Child Development - Pharmacy Assistant - HVAC -

Welding - and lots more! Call 770.947.7200 for complete program info! Financial aid available.

www.WestGaTech.edu

Register your Business or Professional Service FREE on the County Web Site Directory!

Visit www.CelebrateDouglasCounty.com and look across the top of the web page for the "Buy Local/Think Local" Section and register

your business or professional service FREE for the thousands of web site visitors to see each month!

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We are a growth-oriented company based in Douglasville. Our company is a leading manufacturer of infant and toddler bedding. We

are seeking an energetic, organized, self-starter who will serve as an assistant to our customer service manager.

Your primary role will focus on cutting and filling fabric swatch orders, assisting in production of swatch books, taking customer service

calls, and performing other general administrative tasks. The ideal candidate must be flexible, willing to learn new tasks, a team player,

and posses a positive "can-do" attitude. Additionally, the ideal candidate should be efficient with Microsoft Office applications.

Experience with Quickbooks financial software is a plus. The position has unlimited potential. If you are dedicated, eager to learn, and

want to join our growing team, we are interested in hearing from you.

Send resumes to Douglas County Communications, 8700 Hospital Drive, Douglasville, Georgia 30134. Mark envelope "Customer

Service Representative".

United Way is headed in a new strategic direction and to help guide us we are creating a few maps - real maps that will give us get a

clearer picture of our community. We are mapping "data" of all types, including needs, assets, and community readiness. Community

Readiness, simply put, is a perspective about the community's ability to work together in ways that build partnership and improve the

lives of our citizens. Please take the on-line survey at

https://www.surveymonkey.com/s.aspx?sm=yRklrNnyb_2b8U8_2bMNIyY6gw_3d_3d

Douglas County Chamber Singers Auditions Underway

2009-10 Concert Season auditions for interested musicians at all levels for Chorale in its 7th season. Mission is to provide quality choral

music for the citizens of Douglas County while always endeavoring to bring enjoyment to both the listener and the performer. For

information/audition appointment, contact Conductor Vickie Orme, 770.489.0503, or Andrea Tingen, 770.949.3623. The Chamber

Singers will be performing at 12:30 p.m. on Heroes Day of September Saturdays at the Courthouse ~ come join us!

Coming Soon to dctv23 - Douglas County Environmental Health Food Safety Information

Useful information for the food service industry and customer relations about food safety

Andre Westfield, 770.920.7316

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GOVERNMENT MEETINGS AND NOTICES

Douglas County Board of Commissioners: www.CelebrateDouglasCounty.com

Douglas County Courthouse, 8700 Hospital Drive, Douglasville ~ 770.949.2000

Work Session: 10:00 a.m., Monday, September 14th, 10:00 a.m., Commissioners' Board Room, third floor, Douglas County Courthouse

Commission Meeting: 10:00 a.m., Tuesday, September 1st, Citizen's Hall, Courthouse

Televised live on dctv23 and taped for re-broadcast at 6 a.m. and at 12 noon daily and at 6 p.m. Tuesdays when there is not a live broadcast; webcast

on www.CelebrateDouglasCounty.com ~ Commission meetings can be downloaded for viewing any time from the web site

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City of Douglasville Mayor and Council: www.ci.douglasville.ga.us

City Hall, O'Neal Plaza at Church Street, Downtown Douglasville ~ P. O. Box 219, Douglasville 30133 ~ 770.920.3000

Douglas County School System: www.douglas.k12.ga.us

9030 Georgia Highway 5 at Gurley Road (next to Hunter Park) ~ P. O. Box 1077, Douglasville 30133 ~ 770.651.2000

Douglasville-Douglas County Water and Sewer Authority: www.ddcwsa.com

1. Thou shalt not change jobs, become self-employed or quit your job. Longer employment time shows stability and a reduced likelyhood of default

2. Thou shalt not buy a car, truck or van (or you may beliving in it)! This will increase your debt to income ratio.

3. Thou shalt not use charge cards excessively or let your

accounts fall behind. This shows poor money management and an increased risk of default.

4. Thou shalt not spend money you have set aside for closing. It costs money to borrow money - make sure you have enough.

5. Thou shalt not omit debts or liabilities from your loan

application. This is tantamount to fraud - never a good thing!

6. Thou shalt not buy furniture or other big ticket item on credit. Like buying a car, this increases your debt to income ratio.

7, Thou shalt not originate any inquiries into your credit. The algorhythm is a secret but you'll get dinged a few points for most inquiries.

8. Thou shalt not make large deposits without first checking with your loan officer. Money needs to "season" in your bank account, typically for 60 or more days.

9. Thou shalt not change bank accounts. A strong banking history, like a strong employment history, shows stability.

10. Thou shalt not co-sign a loan for anyone. Like buying cars or furniture, this increases your debt to income ratio.

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