The Best Small Mountain Town

first_img A.T. Register RUNNERS UPDAVIS, W.VA.Davis is one of those mountain towns with so much going on, it’s hard to wrap your head around it, but this quaint West Virginia hamlet is best known for its world-class mountain biking. Ride out from town and in two minutes you can be on bomber singletrack like the rugged Plantation Trail or the appropriately named Moon Rocks. The opposite side of town features the trails of Blackwater State Park and the Dobbin House system and a great view of Blackwater Canyon. Literally everywhere you look there is a mountain bike trail, so stop by Blackwater Bicycles for all the beta before heading out.The Blackwater River and its tributaries are stocked with trout, so bring your rod in the spring and fall. In winter, hit the slopes at Canaan Valley or Timberline for alpine and White Grass for miles of backcountry cross-country skiing. No visit to Davis would be complete without resting those quads at Hellbenders with a Mountain State brew and a burrito as big as your face. The locals are very friendly so don’t be afraid to chat them up at the bar.LEWISBURG, W.VA.Lewisburg is the cultural center of West Virginia. Just a few miles from the Virginia/West Virginia border, it’s home to one of only four Carnegie Halls in the world. Its entire downtown is designated a National Register Historic District, so stepping into Lewisburg is like stepping back in time.It’s also fast becoming the outdoor center of West Virginia. The Greenbrier River flows just east of town and is a beautiful smallmouth bass fishery, and its tributaries run cold and clear, holding wild brook trout. From Lewisburg, you can easily hop on the 78-mile Greenbrier River trail or hike one of the many trails in nearby Greenbrier State Forest. Not into roughing it? Just down the road in White Sulphur Springs is the Greenbrier Resort, a luxury resort tailored to outdoor-minded folks.CLOSE CONTENDERSBREVARD, N.C.The gateway to Pisgah, Brevard is the capital of mountain biking in the Blue Ridge. Dupont Forest is just down the road, and hikers, trail runners, and anglers flock to the Davidson River.LURAY, VA.Surrounded by Shenandoah National Park, this valley town famous for its caverns has fishing and canoeing on the Shenandoah River to the west and cycling on Skyline Drive to the east.DAMASCUS, VA.Trail Town, USA is at the crossroads of the A.T., Virginia Creeper, and Iron Mountain Trails. One of Virginia’s best trout streams, Whitetop Laurel, and Mount Rogers are right outside town.BRYSON CITY, N.C.Tubing on Deep Creek, biking at Tsali, hiking in Great Smoky Mountains National Park, running the Nantahala—what more could you ask for in a mountain town?FAYETTEVILLE, W.VA.There is more to this town than just anchoring one side of the New River Bridge. This funky paddling town bordering the New River is also the gateway to the new Arrowhead Trail System, a boy scout built mountain bike mecca.BLAIRSVILLE, GA.Blairsville is the closest town to the state’s highest point, and toughest cycling climb, Brasstown Bald, while Nottely Lake provides endless open water recreation opportunities.BLUE RIDGE, GA.A gem of north Georgia, the Trout Capital of Georgia is surrounded by the Chattahoochee National Forest and is on the banks of the Toccoa River and Lake Blue Ridge. The Cohutta Wilderness is the largest in the East.CASHIERS-HIGHLANDS, N.C.Double dip with these twin towns inside Nantahala National Forest. Panthertown Valley, Whiteside Mountain and the Cullasaja River await your visit.OHIOPYLE, PA.What Ohiopyle lacks in population (60 people), it makes up with some of the best whitewater in the U.S. on the Youghiogheny River and hiking in Ohiopyle State Park.CHEROKEE, N.C.Cherokee has some of the best trout fishing in N.C. and is the southern gateway of the Blue Ridge Parkway. Nestled beside Great Smoky Mountains National Park, it’s an ideal hiking and backpacking trailhead.PEMBROKE, VA.Flanked by Jefferson National Forest, Pembroke is the take out for one of the most scenic sections of the New River—and also one of the most idyllic fishing spots, with abundant smallmouth and musky.WAYNESVILLE, N.C.Just west of Asheville, Waynesville has great access to Great Smoky Mountains National Park and more rivers than you could fish.FRANKLIN, N.C.Seems all roads lead to this town smack in the middle of Nantahala National Forest, which is great for cycling or taking in the vast amount of area waterfalls like Bridal Veil.SYLVA, N.C.With the Smokies just north and the Tuckasegee River flowing just to the west, Sylva is a fly fisherman’s nirvana.ELLIJAY, GA.This gateway to Chattahoochee National Forest is quickly gaining a mountain biking reputation and is also close to A.T. terminus Springer Mountain.WHITESBURG, KY.Bad Branch Gorge and Breaks Interstate Park are both within easy driving distance of this art community.SLADE, KY.Inside Daniel Boone National Forest, Slade is the launch point for treks into the Red River Gorge and its epic hiking and climbing. • Lover’s Leap: The A.T.’s first trail town holds a special place in the heart of Northbound thru-hikers.Named for the only natural hot spring in the state, the town has long been a destination for those seeking its healing powers. In 1837 Hot Springs reached its zenith as a destination resort when James Patton built the 350-room Warm Springs Hotel on the site of the spring. When that hotel burned 46 years later, another was built in its place, complete with lavish marble-lined tubs, tennis courts and the Southeast’s first organized golf club and 9-hole course. Things were looking up for Hot Springs, until that luxury hotel burned down as well. Following several more hotel burnings and rebuildings, Hot Springs was almost forgotten as a tourist destination and virtually fell off the map.Today, however, Hot Springs is again attracting visitors from all over the United States and beyond, and not just for the 108-degree mineral water. Nestled in the heart of Pisgah National Forest, the town is located at the crossroads of two of the most important outdoor resources in western N.C.: the Appalachian Trail and the French Broad River.“The three pillars of the town are the hot springs and the Hot Springs Campground; the river with the rafting, canoeing, and kayaking; then the trails, the A.T., and all the side trails around here,” explained Wayne Crosby, owner of Bluff Mountain Outfitters.The A.T. literally runs right through downtown: the sidewalk outside Bluff Mountain is marked with white blazes. Hot Springs is the first major town hikers pass through when heading north from Springer Mountain, Ga. This first trail town designation is one reason why thru-hikers have a special place in their heart for Hot Springs: after a humbling 200 miles, that first hot shower can leave quite an impression. When asking locals how they ended up in Hot Springs, more often than not you’ll hear a story that begins with “Well, I thru-hiked the A.T.…” and ends with “…and then I moved back.” This is the story of Crosby, who thru-hiked when he was 19 years old and spent a couple weeks in town painting porches. This is also the path of Sunny Riggs, who hiked the A.T. in 2002 and returned to open ArtiSUN Gallery, a local art boutique and café in the historic Iron Horse Station Inn building.Randy Anderson, more commonly referred to by his trail name “Chuck Norris,” jumped at the chance to relocate to Hot Springs and give back to the town that buoyed his spirits and re-energized his aching legs during his thru-hike. He now manages the newly re-opened Laughing Heart Hostel, which sits a literal stone’s throw from the northern terminus of the A.T. as it comes into town. The hostel hosted over 850 hikers in its first spring, and Anderson says the draw of the town is just as powerful as ever.“In the hostel we have come close to coming up with a three-day maximum stay because hikers get to town and they decide they like it so much that four days have gone by and they’re still here,” he said. “So we have to nudge them along quite often because they start to make this home and they really like the small town feeling.”The small town feeling is definitely hard to escape when visiting Hot Springs, mainly because it only has about 650 permanent residents. The population swells in the spring as northbound thru-hikers come through town, and in the summer when the French Broad, Spring Creek, and Laurel River attract whitewater and tubing enthusiasts from around the South. Folks also flock to the town for section hikes like the 20-mile Max Patch to Hot Springs overnight, and day hiking loops connected to the A.T. near town like the Pump Gap Loop and Roundtop Ridge. The French Broad attracts anglers with its smallmouth bass and musky fishing, while the abundant small creeks in the area hold healthy populations of trout. Hot Springs is also gaining a reputation as a romantic weekend and wedding spot. With accommodations ranging from $15 campsites to plush lodges in the several-hundred-a-night category, there is something for everyone right within the town limits.Despite the influx of out-of-towners, the locals have embraced visitors and now designate themselves the ‘Most Welcoming’ town on the A.T. Hikers low on funds frequently trade lodging for yard work at places like Laughing Heart and legendary A.T. hostel Elmer’s Sunnybank Inn, or take part in town-wide Thursday night potluck dinners. The town also hosts several music and outdoor festivals that draw thousands on any given weekend.“Our focus is on nature and people,” says Sandy West, who manages the Hot Springs Spa with her husband, Rod. “We have no franchises, we have no red light, we are new to the cell phone world. Many people who live in Hot Springs do not have a car so they do not leave the area and yet, they are here and very open to people who visit.”The people of Hot Springs have embraced the town’s new identity as an outdoor destination at the crossroads of the A.T. and the French Broad. But it is the true small town atmosphere that keeps visitors coming back year after year.“We have figured out who we are and where we’re going. We’re pretty comfortable with that,” said Anderson. “This is a town that not only has a river that runs through it, but has the world’s most celebrated trail running through it. How cool is that?”Best Mountain Towns – Hot Springs from Summit Publishing on Vimeo.HOT SPRINGS QUICK HITS5 minutesFollow the white blazes across the bridge over the French Broad and get on the Lover’s Leap trail for great overlooks of the town and river. Finish with a soak at one of the streamside tubs at the Hot Springs Spa and a bite from Cliff at The Food Shack.15 minutesHead east out of town to Route 208 and fish the delayed harvest section of Big Laurel Creek. Hike or ride the railroad grade Laurel River Trail to the abandoned mining town of Runion.30 minutesVenture south to one of the most spectacular balds in the southern Appalachians, Max Patch. Grab a raft or kayak and paddle the Class III-IV Section 9 of the French Broad as it comes into town. Downtown Hot Springs The Laughing Heart Lodge and Hostel is a stone’s throw from the A.T. Trail town: The sidewalk of downtown Hot Springs is marked with the A.T.’s white blazes. Laughing Heart Lodge and Hostellast_img read more

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BI to dominate ownership of ‘pandemic bonds’ as debt burden grows

first_imgThe government will issue nearly Rp 450 trillion (US$27.21 billion) worth of the so-called pandemic bonds to finance the country’s efforts to combat the health crisis and economic turmoil caused by the COVID-19 pandemic, according to a Finance Ministry document.Apart from the pandemic bonds, the government is also planning to increase its bond sales target by Rp 160.2 trillion to Rp 549.6 trillion to address the widening budget deficit, which could reach 5.07 percent of gross domestic product (GDP).[RA::Indonesia to issue Rp 450 trillion in ‘pandemic bonds’ to finance COVID-19 fight::https://www.thejakartapost.com/news/2020/04/06/indonesia-to-issue-rp-450-trillion-in-pandemic-bonds-to-finance-covid-19-fight.html]Indonesia raised $4.3 billion from global bonds on Monday, including the longest-dated US dollar bond ever issued by an Asian nation, Reuters reported. The deal was finalized in the US and sold in maturities of 10.5 years and 30.5 years, worth $1.65 billion each, with a 50-year tranche worth $1 billion. It was Indonesia’s largest-ever bond. Bank Indonesia (BI) will dominate ownership of the nation’s “pandemic bonds” as the government seeks to safeguard the economy from COVID-19 at the risk of a rising debt burden, including from its longest ever 50-year bond tenure, economists say.Bank Permata chief economist Josua Pardede said that foreign investors would be reluctant to buy risky assets including Indonesia’s sovereign debt papers amid the current market routs.“The financing of pandemic bonds may be dominated by the central bank as foreign investors tend to avoid risky assets,” Josua told The Jakarta Post during a phone interview. “We expect that this will speed up the recovery of economic sectors affected by the COVID-19 pandemic.” “The debt burden will rise, but it will not surpass the legal debt-to-GDP ceiling ratio of 60 percent,” Center of Reform on Economics (Core) Indonesia research director Piter Abdullah told the The Jakarta Post.The government’s decision to issue a 50-year global bond will create unnecessary risks as the government must pay a high interest rate for a long period of time, he added.“A 50-year global bond is meant to provide buyers with incentives as their investment appetite has significantly declined amid the global uncertainties caused by the virus,” Piter said, adding that he opposed the government’s decision to issue such a bond because of payment difficulties.“This increases the risk for the government to pay debts with higher interest rates as it has a better option to issue debt papers in rupiah that can be bought by the central bank using a quantitative easing scheme.”Under the new Government Regulation in Lieu of Law (Perppu) No. 1/2020 issued last week, Bank Indonesia (BI) is now permitted to buy government bonds at auction to anticipate if the market is unable to fulfil the government’s financing target. The regulation revokes a 1999 law on the central bank, which only allowed BI to buy government bonds in the secondary market.Read also: Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic movePresident Joko “Jokowi” Widodo has announced Rp 405.1 trillion in extra state spending to finance Indonesia’s battle against the novel coronavirus, specifically for healthcare, social safety net and business recovery programs.“However, we expect the debt-to-GDP ratio to increase to around 34 to 35 percent this year, from last year’s figure of 29.8 percent,” Josua said. “Inflation may also rise as the central bank bought government debt papers, but it will still remain within BI’s target.”Anugrah Sekuritas Indonesia fixed income analyst Ramdhan Ario Maruto said that international rating agencies may downgrade Indonesia’s sovereign credit rating, following rating downgrades on Indonesian companies.Fitch and Moody’s did not immediately respond upon being asked for comment by the Post.Indonesia’s sovereign credit rating from the three top rating agencies currently stands at the lower-end of the investment grade, which allows a full range of institutions worldwide to invest in the country’s debt papers. Any downgrade would return the country’s rating to junk, which would result in only select investors being eligible to invest in the country’s financial assets.“As long as the government can maintain the country’s debt-to-GDP ratio at a safe level, I think the rating agencies would at least affirm our ratings even during times of hardship like today,” said Ramdhan.Topics :last_img read more

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