Chattanooga Chamber Speaker to Chair National Chambers Group and More Business News
Gillenwater appointed chairman of National Chambers Group
Christy Gillenwater, President and CEO of the Chattanooga Area Chamber, has been named Chair of the Association of Chamber of Commerce Executives (ACCE) Board of Directors.
“These are exciting times for our association, and I accept this role with enthusiasm,” Gillenwater said after accepting a one-year term as chairman of the board at the group’s recent annual meeting. . “Chambers can build on the successes we have had in these difficult times. This will force us to embrace disruption and be more intentional in our work.”
ACCE is a 1,600-member professional society that supports those who lead local, regional, national and international chambers of commerce and related business and economic development organizations. The association provides its members with information resources, thought leadership, education programs, original research, benchmarking, retirement security and access to a peer network.
“Chambers of Commerce have never been more important than they are now,” said ACCE President and CEO Sheree Anne Kelly. “Christy is an innovative and thoughtful leader who will help the chambering industry capitalize on this momentum to shape the future of our communities.
Thousands of flights disrupted by weather
Tens of thousands of travelers saw their travel plans disrupted on Friday after airlines canceled more than 1,100 flights for a second day in a row due to thunderstorms that battered the East Coast.
American Airlines has cut more than 200 flights, or 6% of its schedule. Republic Airways, which operates smaller planes for American Eagle, Delta Connection and United Express, also canceled more than 200 flights, or about 20% of its schedule. Another 3,700 flights were delayed by mid-afternoon.
About 1,200 US flights were canceled Thursday – 4.6% of all scheduled flights, and the highest number since July 25, according to FlightAware.
Travelers have been hit with widespread cancellations and delays this summer. Travel has rebounded faster than expected – to around 88% of pre-pandemic levels in July – and airlines have not been able to ramp up staff quickly enough. They have reduced schedules in an attempt to make the remaining flights more reliable.
Consumer borrowing increases with inflation
Consumer borrowing in the United States jumped in June, reflecting an increase in credit card balances and a record increase in non-revolving loans that include auto and school loans.
Total credit rose $40.2 billion from the previous month, just behind March’s peak of $47.1 billion, Federal Reserve figures showed on Friday. The median forecast from a Bloomberg survey of economists called for a $27 billion advance. Figures are not adjusted for inflation.
Revolving credit outstanding, which includes credit cards, increased by $14.8 billion. Non-revolving credit increased by $25.4 billion.
The June figures end a quarter in which borrowing rose 8.7% at an annualized rate. Auto loans at the end of the second quarter were up about $32 billion, while student loans were up less than $1 billion.
With inflation at its highest in 40 years, Americans have to spend more to buy the same goods and services as before. Consumers, however, have shown resilience so far, with spending rising on an inflation-adjusted basis in June, albeit only slightly.
Pipeline company does not dispute pollution
The developer of a major pipeline system that connects the Marcellus Shale gas field in western Pennsylvania to an export terminal near Philadelphia on Friday did not contest criminal charges that it systematically polluted the waterways waterways and residential water wells for hundreds of kilometres.
Dallas-based Energy Transfer Operating agreed to independent testing of water from homeowners and promised to remedy the contamination as part of a settlement of two separate criminal cases brought by the Pennsylvania attorney general. As part of a plea deal, the company will also pay $10 million to restore watersheds and waterways along the route of its Mariner East pipeline system.
A judge heard and approved the plea during a hearing in Harrisburg on Friday.
“We hold Energy Transfer accountable for its crimes against our natural resources,” Attorney General Josh Shapiro said at a press conference after the hearing.
The Company’s Mariner East 1, Mariner East 2 and Mariner East 2X pipelines are designed to transport propane, ethane and butane from the Marcellus and Utica Shale gas fields to a refinery processing center and an oil terminal. export to Marcus Hook, a suburb of Philadelphia. Construction completed in February.