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The bottom line

Georgia's failing banks; Blacks remain unemployed longer than whites; Peak electric-energy usage falls 2.5 percent; Print publishing industry continues to shed jobs; Gold: Short-term vs. long-term gains

Georgia's failing banksSo far this year, 21 banks in Georgia have failed, the most of any state. Analysts blame the state’s profusion of small, thinly capitalized banks, as well as the eighth-highest forclosure rate in the nation.Marketwatch.com

Blacks remain unemployed longer than whitesAbout 45 percent of unemployed blacks have been jobless for 27 weeks or longer, the Labor Department reports, compared with 36 percent of unemployed whites. The EconomistPeak electric-energy usage falls 2.5 percent Because of the economic downturn, peak electric-energy usage in the U.S. and Canada this winter will fall 2.5 percent from last winter, to 706,965 megawatts, says grid operator North American Electric Reliability Corp.Bloomberg.com

Print publishing industry continues to shed jobsThe print publishing industry continues to shed jobs, with payrolls falling 4.2 percent last month due to big layoffs at Time Inc. and other publishers. In the past 12 months, 86,800 print employees have lost their jobs. Gawker.comGold: Short-term vs. long-term gains Gold is having its best year in decades, recently hitting a record high of $1,226.56 an ounce. Still, anyone who paid $850 for an ounce of gold in January 1980 would have earned more if they had put that money instead in an interest-bearing checking account.  Bloomberg.com

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