NC Creates Investment Authority to Manage $200B in Public Funds – Possible Bitcoin Investing

North Carolina has officially launched a new agency to oversee $200 billion in public funds, marking one of the most significant changes to state financial management in decades.

The North Carolina Investment Authority (NCIA), created through legislation earlier this year, held its first meeting this week.

“Today was a big day for North Carolina’s future,” said Treasurer Brad Briner in a press release. “The shift toward board governance and away from the sole fiduciary model will allow us to maximize returns for the people of North Carolina.”

The agency consolidates oversight of the North Carolina Retirement Systems, cash management, and other public funds, which currently serve over one million members and distribute about $640 million in monthly benefits.

Leadership and Structure

State Treasurer Brad Briner, who previously held sole authority over the state’s investments, now chairs the five-member NCIA board. Other members include Dan Ward, nominated by the Senate, and Mark Roberts, nominated by the House. Briner also announced his nominee, Stephanie Lynch, a veteran investment officer with experience managing endowments, who will require confirmation by the General Assembly. The governor will appoint the fifth member.

The board voted to name Kevin SigRist as interim chief investment officer. SigRist is currently CIO for the Department of State Treasurer’s Investment Management Division.

Next Steps

The NCIA will reconvene on November 19 to finalize policies and charters before the new structure takes effect on January 1, 2026. Officials say the board’s oversight will modernize state investment practices, improve planning, and potentially reduce costs by streamlining operations across its 52,000-square-mile service area.

Cryptocurrency Debate

Alongside the new agency, lawmakers are debating House Bill 92, which could allow up to 5% of the state’s portfolio to be invested in cryptocurrency. The proposal restricts investments to crypto equivalents of mutual funds, avoiding direct purchases of individual digital currencies like Bitcoin.

Supporters argue this approach positions North Carolina to benefit from a growing market, while critics warn of volatility and risks to pension security. The bill also proposes studying a digital asset “strategic reserve” and giving state employees the option to direct part of their retirement savings into crypto-based investments.

Broader Impact

The move places North Carolina among a small number of states exploring digital assets as part of their investment strategies. However, final authority depends on General Assembly approval and regulatory safeguards from both state and federal agencies.

Rent Growth Stalls in Charlotte, Falling Below State and National Averages

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Renters across the country are starting to see some relief as the typical late-summer slowdown in the rental market takes hold. Apartment List’s newest report shows nationwide rents fell in August, continuing a seasonal trend that experts expect will last through the end of the year.

Nationally, rents declined 0.2% last month, with economists predicting additional month-over-month drops for the next four to five months as moving activity eases. Year-over-year, rents are down 0.9%, the lowest level since December 2023. Seasonal declines are common, but this year’s slowdown appears sharper as demand softens compared to past years.

In Charlotte, the median rent now stands at $1,418, which is 2.1% lower than last year. That local decline outpaces the statewide average of -1.8% and the national average of -0.9%. However, rents in Charlotte are still climbing faster in 2025 than in 2024. From January to August, rents in the city rose 1.3%, compared to just 0.7% growth over the same period last year.

The Local Outlook:

  • Rents in Charlotte fell 0.1% in August, compared to a 0.2% decrease nationwide.
  • Year-over-year rent growth in Charlotte now stands at -2.1%, up from -3.3% one year ago.
  • Today the median rent in Charlotte is $1,290 for a one-bedroom unit and $1,406 for a two-bedroom unit. And the citywide apartment vacancy rate stands at 9%, up 0.9 percentage points from this time last year.

For more national and local insights, check out the latest update in the full Charlotte Rent Report.

Gastonia Man Leads Police On Foot Chase Carrying $200k Worth of Cocaine

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Police just seized roughly five kilograms of pure cocaine, valued at up to $200,000, during a traffic stop that escalated into a foot chase Wednesday night.

Detectives said officers noticed a Chevrolet Traverse with Texas plates driving erratically and making evasive maneuvers before turning onto Summit Crossing Place. A Gastonia man, later identified as Roberto Azama-Rodriguez, jumped out carrying a weighted box and ran into nearby woods. He was quickly detained after discarding the box in a creek, where officers recovered about 11 pounds of cocaine.

The driver, identified as Manuel Gomez-Bustos, was later located on North New Hope Road and taken into custody without incident. Both men face two counts of trafficking in cocaine.

Gaston County Police noted that the volume of drugs seized reflects bulk trafficking, not personal use. Five kilograms of cocaine can be broken down into tens of thousands of doses and is typically worth between $500,000 and $1 million depending on purity.

The investigation remains ongoing.

2,000 Gallons of Raw Sewage Spills Into Charlotte Creek

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Crews are working to contain and clean up a wastewater overflow that spilled into Briar Creek in east Charlotte on Tuesday.

Charlotte Water reported that nearly 2,000 gallons of sewage leaked from a pipe failure at 4013 Rosehaven Drive, near Kilborne Park. Officials confirmed that the sewage entered Briar Creek and eventually reached Lake Wylie downstream.

The utility reminded residents that flushing inappropriate items is a leading cause of pipe blockages. Even products marketed as “flushable,” such as wipes, can clog pipes and contribute to overflows like Tuesday’s incident.

Charlotte Water encourages residents to call 311 or 704-336-7600 immediately if they suspect a sewage spill. The agency said it maintains a 24-hour response team to address wastewater emergencies and limit environmental impacts.

Cleanup efforts will continue until water quality tests confirm bacteria levels have returned to safe conditions.

Charlotte Ranks 10th for Economic Growth In New 2025 Market Report

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In an economic landscape that is constantly changing, a city’s prosperity is not only brought by a robust job market, but also by investments in infrastructure, local entrepreneurship, innovation and community.

CoWorkingCafe just cruched the latest economic data across 11 key metrics — including GDP growthjob gainshousing expansionexport strength and infrastructure buildout — all detailed in the methodology section of this study.

Here are a few key details from the 2025 Economic Growth Report:

  • Charlotte claimed the 10th spot among large cities for economic growth.
  • The city recorded the second highest unemployment rate drop between 2019-2023 of 1%, while also ranking third in employment rate growth at 1%.
  • Population grew by 3.9% over the same period — the fourth-highest increase among large cities — and the GDP surged by 38% and housing by 9%, placing Charlotte fifth nationwide for these metrics.
  • Charlotte also saw a 4% increase in educational attainment — the eighth-highest among large cities. The median income in the area grew by 28%, reaching $47,587.
  • Other North Carolina cities that faired well were Durham, ranking 13th among mid-sized cities, with a median income increase of 34% (placing fifth for this metric), and Concord in the 21st spot among small cities. This city saw a 1% drop in unemployment rate, placing third for this metric.

Full data and methodology: https://www.coworkingcafe.com/blog/top-cities-for-economic-growth

Drop Dead 5K Benefiting Historic Elmwood Pinewood Cemetery Returns to Charlotte

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Lace up for a one-of-a-kind race through history! The Drop Dead 5K returns this fall with our unique course winding through the peaceful, scenic paths of Charlotte’s Historic Elmwood Pinewood Cemetery. Covering 70+ acres, this resting place is home to some of the city’s most notable names.

In addition to the 5K, the event features a food truck, DJ, an award ceremony, and a guided tour after the race. BACK AGAIN THIS YEAR! At 10 a.m., join us for our third 1 Mile Kids Fun Run! This is FREE for kids (registration is required) and includes a fun run finisher medal.

WHEN: Saturday, November 1st at 9 a.m. 1 Mile Kids Fun Run will start at 10 a.m.

WHERE: Historic Elmwood Pinewood Cemetery, 700 W. 6th St.

WHY: All proceeds help support the 501(c)3 nonprofit, Historic Elmwood Pinewood, Inc. (HEPI). Help us support the cemeteries’ restoration and preservation while getting some exercise and enjoying some history!

TICKETS: Registration is now open! Tickets start at the all-inclusive price of $40 and include an official race shirt, bib, finisher medal, and one complimentary brew from Petty Thieves Brewing Co. Can’t make the race but still want to support? Register as a “Sleep In Supporter.”

Learn more and purchase tickets by visiting dropdead5k.com

AWARDS: Awards will be presented to the Top 3 Males/Females Overall, and Top 1 Male/Female in the following Age Groups: 9 & Under, 10-14, 15-19, 20-29, 30-39, 40-49, 50-59, 60-69, and 70+.

ABOUT HEPI: HEPI is a 501(c)(3) non-profit dedicated to preserving, restoring, enhancing, and sharing the original historic and park-like atmosphere of Elmwood Pinewood, and Settler’s Cemeteries.

Updated Total Climbs To 16 – Rare Swarm of 11 Earthquakes Rattles South Carolina

UPDATE 8/27/25 12:00pm:

The total number of earthquakes in South Carolina’s ongoing swarm has just increased to 16 over the past month.

The 5 new quakes this week ranged in magnitude from 1.7 to 2.4 on the Richter scale.

Original Article 8/24/25 6:00pm:

South Carolina has just experienced one of it’s most dramatic earthquake swarm in history, according to the U.S. Geological Survey (USGS).

At least 11 quakes have been recorded over the past 7 days, all centered around Greenwood County – about halfway between Charlotte and Atlanta. The strongest registered a magnitude of 3.0 on the Richter scale and struck most recently, while the others ranged between 1.7 and 2.9.

Several residents reported on social media that the tremors were strong enough to wake them, rattle windows, or knock small items off shelves. However, officials confirmed that no structural damage or injuries were reported.

Earthquakes have been increasing in frequency around the Charlotte region over the past few years. Last year, we experienced the largest earthquake in over 100 years when a 5.1 magnitude quake hit Sparta, NC, and since then, dozens of aftershocks have continued to rattle our state.

According to USGS.gov, “Moderately damaging earthquakes strike the inland Carolinas every few decades, and smaller earthquakes are felt about once each year or two.”

Have you felt any of the quakes?

TSA Expands Banned Item List Ahead of Labor Day Travel

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The Transportation Security Administration (TSA) has expanded its list of prohibited items just before one of the busiest travel weekends of the year. Travelers heading out for Labor Day should take note, as certain cordless beauty tools are now restricted.

According to the updated Code of Federal Regulations, the following items are no longer allowed in checked luggage:

  • Cordless curling irons or flat irons containing gas cartridges

  • Butane-filled curling irons or flat irons

  • Gas refills (spare cartridges) for hair tools

TSA clarified that travelers may carry one cordless hair tool powered by hydrocarbon gas, such as butane, in their carry-on bag only. The device must have a fitted safety cover over its heating element. However, spare gas cartridges remain banned in both checked and carry-on baggage.

Traditional hair styling tools that plug into outlets, such as standard curling irons or straighteners, are still permitted in both checked and carry-on bags.

This latest policy update comes as part of ongoing efforts to modernize security regulations. Just last month, TSA removed its longstanding “shoes off” requirement at some checkpoints and signaled possible changes to the liquid rule for carry-ons.

With millions expected to travel over the long weekend, TSA officials urge passengers to review the latest guidelines before arriving at the airport to avoid delays.

Charlotte Light Rail Stabbing Leaves Young Ukrainian Woman Dead, Suspect in Custody

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A deadly stabbing on Charlotte’s light rail system has left one woman dead and another passenger shaken but determined to speak out. Police said the suspect, 34-year-old Decarlos Brown Jr., fatally stabbed 23-year-old Iryna Zarutska during a ride Monday. Investigators confirmed the attack was random and that Brown did not know his victim.

When officers arrived, fellow passengers pointed to Brown, who remained at the scene and was taken into custody. Witnesses described the chaos and fear inside the train as the attack unfolded, with riders rushing to escape while others tried to help.

Zarutska had recently moved to Charlotte from war-torn Ukraine, according to a GoFundMe created by friends. The fundraiser describes her as a young woman seeking safety and new opportunities, only to have her life cut short in a violent and senseless act.

Southwest Ending Free Extra Seat Option for Plus-Size Passengers

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Southwest Airlines announced a significant policy change that will require plus-sized passengers to purchase an additional seat in advance.

Currently, Southwest allows passengers who overflow into a second seat to either purchase an extra seat and later request a refund, or to request a free additional seat at the airport if the flight is not packed. Under the new rule, travelers who do not fit within the armrests of a standard seat — described in Southwest’s “Customer of Size” policy — must buy a second seat ahead of time, according to CBS News.

If they don’t buy an extra ticket in advance, and the flight is full, then they’ll be kicked off the plane and rebooked.

The second seat will not be refundable unless the flight departs with unsold seats and both tickets were purchased in the same fare class. Customers will also need to submit a refund request within 90 days of travel.

Southwest stated the change is designed to provide more predictability for both passengers and flight crews. However, critics say the move will increase the financial burden on overweight and plus-size travelers, who may already face challenges when flying.

Industry analysts note that airlines have faced rising operational costs, and seating policies have increasingly come under scrutiny.