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Chattanooga Named One of Top 100 Best Places to Live
Chattanooga has been named one of the Top 100 Best Places to Live by Livability.com, a website that ranks quality of life and travel amenities of Americas small and mid-sized cities. See the full list at: livability.com/top-100-best-places-to-live.
The list is the result of a months-long study of U.S. cities and the factors that make them better places to live, work and play. Livability.com partnered with the Martin Prosperity Institute, the world's leading think tank on the role of location, place, and city-regions in global economic prosperity, to produce the list.
"This is the first time we have focused on measures for specific cities instead of metropolitan regions," said Kevin Stolarick, PhD, Research Director at the Martin Prosperity Institute. "While getting consistent, reliable data at the cities level had its challenges, the results were worth the effort."
Livability recruited Ipsos Public Affairs, a leading market research firm, to conduct a survey to find out what quality of life amenities residents value most. Respondents were asked about factors that make their communities better places to live, as well as the factors they would consider in selecting another city.
Those factors were narrowed down to eight categories economics, housing, amenities, infrastructure, demographics, social and civic capital, education and healthcare that were used to score and rank cities. Researchers narrowed their field to small-to-mid-sized cities with populations between 20,000 and 350,000 before collecting data for each city from a wide range of sources, including the U.S. Census Bureau, Walkscore and GreatSchools.com.
Chattanooga scored high in the areas of education and amenities as well as health care.
"Great cities are more than just a check-list of bars, coffee shops and museums. Our goal was to collect the best data available, from the best sources and the best partners to gauge the true measures of livability. Access was important, but so were utilization and affordability," said Livability.com editor Matt Carmichael. "By using data from the public sector, the private sector and non-profits focused on these issues, we have compiled an Index that celebrates America's great cities and towns."
The top 100 cities are featured on Livability.com, along with their LivScores and information about the amenities that helped them make the list.
More Business News
Last Update on April 16, 2014 17:29 GMT
WASHINGTON (AP) -- U.S. factories continue to boost production.
The Federal Reserve says factory output rose 0.5 percent in March after a revised 1.4 percent surge in February. Manufacturing output has climbed a solid 2.8 percent over the past 12 months. Manufacturers produced more furniture, clothing, chemicals and aerospace products.
Higher factory output is a sign of greater demand by businesses and consumers. The gains over the past two months point to a rebound after a winter slowdown in January and December stalled growth across the economy.
Overall industrial production, which includes manufacturing, mining and utilities, rose 0.7 percent in March. In February, industrial production had expanded 1.2 percent.
WASHINGTON (AP) -- Home builders are picking up the pace after a frigid winter slowed work.
The Commerce Department says builders broke ground on 946,000 homes at a seasonally adjusted annual rate in March. That's a 2.8 percent increase from February and the highest level in three months.
Construction of single-family homes rose 6 percent, more than offsetting a 3.1 percent drop in the construction of apartments, condominiums and town houses.
At the same time, however, applications for building permits slid, clouding the outlook for future construction.
As the weather moderated, construction rose more than 30 percent in the Northeast and 65 percent in the Midwest. But it fell in the South and West.
Applications for building permits, a gauge of future activity, fell 2.4 percent to a seasonally adjusted annual rate of 990,000.
EARNS-BANK OF AMERICA
CHARLOTTE, N.C. (AP) -- Bank of America says it swung to a loss in the first quarter, hurt by $6 billion in legal expenses.
The Charlotte, N.C., bank reports a loss applicable to common shareholders of $514 million. That's compares with earnings of $1.11 billion a year earlier.
The loss amounts to 5 cents a share. A year earlier, the bank earned 10 cents a share.
Revenue totaled $22.66 billion after stripping out an accounting change. That was down 3.8 percent from last year.
The $6 billion legal expense stems from a previously announced settlement with the Federal Housing Finance Agency, and additional reserves for other mortgage-related matters.
The bank also says it reached a settlement with the Financial Guaranty Insurance Company, as well as separate settlements with The Bank of New York Mellon, over residential mortgage-backed securities.
OMAHA, Neb. (AP) -- CSX railroad expects to deliver modest profit growth this year, but the impact of the severe winter will linger into the second quarter.
Officials with the railroad said on a conference call today that the improving economy and stronger domestic utility demand for coal will boost CSX's earnings in the second half of this year and in 2015.
The Jacksonville, Fla.-based railroad had said Tuesday that the harsh winter disrupted shipments and contributed to a 14 percent drop in its first-quarter profit even as it hauled 3 percent more freight. CSX estimates the snow and cold cost it 8 to 9 cents per share in lost revenue and increased expenses.
MOSCOW (AP) -- Russia's economy minister says growth slowed to 0.8 percent in the first quarter due to uncertainty over the crisis in Ukraine.
Alexei Ulyukayev told parliament today that the country's economic situation has worsened because of "the acute international situation of the past two months," as well as "serious capital flight." More capital left the country in the first three months of 2014 than in all of 2013.
The growth figure fell far short of the ministry's earlier prediction of 2.5 percent.
Russian markets have been rattled by tensions between Moscow and neighboring Ukraine, where Russia annexed the Black Sea region of Crimea in March. Ukraine has accused Russia of supporting armed militants in the country's east, where pro-Russian activists have seized government buildings and police stations.
TOKYO (AP) -- The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.
Mt. Gox says the Tokyo District Court decided the company would not be able to resurrect itself under a business rehabilitation process filed for in February.
An administrator will try to sell the company's assets, and many creditors, including those who had bitcoins with the exchange, are unlikely to get any money back.
After Mt. Gox went offline in February, its CEO (Mark Karpeles) said 850,000 bitcoins worth several hundred million dollars were unaccounted for, blaming a weakness in the exchange's systems. Mt. Gox later changed the estimate for the lost virtual currency to 650,000, although the exact amount is still under investigation.
Bitcoins were created in 2009 as a way to make transactions across borders without third parties such as banks.
DETROIT (AP) -- Pressure is building for Michigan lawmakers to commit $350 million to Detroit pensions after the bankrupt city reached tentative agreements with pension funds and a retiree group.
The deals are tied to Detroit getting money from the state over 20 years, along with $466 million in private money, all to shore up pensions.
Retired police and firefighters would see smaller cost-of-living payments. Other city retirees would see a 4.5 percent pension cut. The $816 million vanishes if retirees don't vote in favor in the weeks ahead.
Republican House Speaker Jase Bolger says the deals are important, but he tells The Associated Press that persuading lawmakers to approve the money soon is difficult because of anti-Detroit sentiment in the Legislature.
Republicans control the House and Senate.
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