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Jacksonville City Council in no rush to vote on a yearlong moratorium [Video]

JACKSONVILLE, Ala. (WBRC) – Jacksonville city leaders are taking a closer look at a possible yearlong moratorium to slow part of that housing growth.

With the sudden growth of the city, officials are deciding to introduce the idea of a one-year moratorium on multi-family dwellings to accommodate such growth. City leaders are meeting Monday evening, to continue discussions about new ideas and taking feedback from potential developers wanting to do business in the city.

“We’re not voting on the moratorium yet, we’re still discussing kind of how we would employ it, maybe what kind of factors go into that but if one were to be approved, the idea behind it would be taking six months to a year where we don’t approve the new development projects,” says Ben Nunnally with the City of Jacksonville.

Ben Nunnally says even though they’re in no rush to make a decision, the meeting tonight will check off every box …

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How China Is Rewiring Its Faltering Economy [Video]

Xi Jinping has a plan to fix his country’s faltering economy and offset the pain caused by the property crisis. The goal is to move up the value chain. Out with dirty, low-end manufacturing and in with new industries like solar and electric vehicles. The problem, however, is Chinese consumers aren’t spending. Also, Beijing faces a tense trade and geopolitical landscape with the US and Europe.00:00 Introduction 01:05 China’s growth story 01:54 Solar firm GCL 02:50 Hi-tech sectors04:05 Tariffs and weak consumption07:09 Model of success If you want to read more on China’s “great rewiring,” click here: https://trib.al/25srtVZFor more on Xi Jinping’s plans for the Chinese economy, click here: https://trib.al/4zPyDoh Sign up here for the Next China newsletter to get Bloomberg’s weekly dispatches from Beijing: https://trib.al/kX4Zyws--------Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginalsBloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.