Word: atlantae
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Other former colleagues spoke last week of a King rarely seen by the public. In a discussion at Atlanta's Morehouse College, King's alma mater, Atlanta Mayor Andrew Young recounted how his mentor used to joke with his lieutenants about the violence they faced on the road, launching into mock eulogies of his aides, embellishing his speeches with ridiculous details about "the deceased." Remembered the mayor: "He had us rolling on the floor. He made us laugh so much at the possibility of dying that we weren't afraid...
Century Cartage Co., a small truck line out of Atlanta, is still in business only because the Georgia Public Service Commission approved an "emergency" 5% rate increase for its customers. But that boost came nowhere near meeting the cost of liability-insurance premiums that doubled to $48,000 last year and then leaped to $114,000 at the start...
Rearden, president of Duncan Peek Inc., an Atlanta insurance brokerage, earns commissions selling policies at soaring premium rates. But when the time came to renew his own professional liability policy, his carrier wanted to jack up his $13,000 premium by 861%, to $125,000; Rearden had to scramble to find another company that would only triple his premium cost. "And that's me, and I'm in the insurance business!" wails Rearden. "That's what I mean when I say this crisis is affecting everybody...
...damages a jury might award to the parents of a child molested at a day-care center, for example, then the companies will find it best to stop writing that kind of insurance at all. Says James Wood, a member of a firm of actuaries whose headquarters are in Atlanta: "If you are an insurer and have $100,000 in assets, do you want to risk those assets to keep day-care centers open? The answer is probably no, because you do not know what you have to charge when you do not know what the ultimate costs of providing...
During his 1913 trial on charges of strangling a 13-year-old girl, anti-Semitic crowds outside the steamy courtroom in Atlanta chanted, "Hang the Jew." After the Governor courageously commuted his sentence from death to life imprisonment, he was kidnaped from his jail cell and lynched. For more than 70 years, defenders of the frail, scholarly Leo Frank have fought to reverse the verdict against him as unjust and bigoted. Last week Frank was finally given a belated measure of justice when a Georgia board awarded him a posthumous pardon...