NewsFeeds 2.19.09

Media General to furlough employees (Times-Dispatch)
The economic downturn will mean two weeks of unpaid time off this year for employees of Richmond-based Media General Inc. The parent company of the Richmond Times-Dispatch said yesterday that its employees will be required to take 10 days without pay by the end of September. The mandatory furloughs are expected to save the company about $9 million and offset revenue shortfalls as it deals with a weakening advertising market that is hurting many newspaper and television companies.

Real estate executives say $8K tax credit won’t do much (Virginian-Pilot)
An $8,000 tax credit for first-time home buyers will do little to stimulate the local housing market, said real estate industry executives in Hampton Roads.

Local firms grow anxious over economy (Daily Progress)
A survey of 77 local companies shows the majority of the Charlottesville-area business community has grown much more anxious about the economy, but remains optimistic they will survive the tough times without resorting to layoffs. The Charlottesville Regional Chamber of Commerce’s annual member economic survey found that only 30 percent of local CEOs planned to see increased profitability in 2009 — marking the lowest level in the survey’s eight-year history.

Millions could get help, but is foreclosure plan fair? (USA Today)
The Obama administration’s $75 billion housing rescue plan promises to help millions of financially struggling homeowners keep their homes, but it may be too little and too late for millions of others.

Small Businesses Face More Fraud in Downturn (WSJ)
Employees Engage in Check Forgery, Petty-Cash Theft; Managers Sometimes Mistakenly Blame Lower Sales Instead of Foul Play.

Hidden Tax Tips for Entrepreneurs (Business Week)
Twenty-five tax deductions you may not have heard of—but should

Media General to furlough employees (Times-Dispatch)
The economic downturn will mean two weeks of unpaid time off this year for employees of Richmond-based Media General Inc. The parent company of the Richmond Times-Dispatch said yesterday that its employees will be required to take 10 days without pay by the end of September. The mandatory furloughs are expected to save the company about $9 million and offset revenue shortfalls as it deals with a weakening advertising market that is hurting many newspaper and television companies.

Real estate executives say $8K tax credit won’t do much (Virginian-Pilot)
An $8,000 tax credit for first-time home buyers will do little to stimulate the local housing market, said real estate industry executives in Hampton Roads.

Local firms grow anxious over economy (Daily Progress)
A survey of 77 local companies shows the majority of the Charlottesville-area business community has grown much more anxious about the economy, but remains optimistic they will survive the tough times without resorting to layoffs. The Charlottesville Regional Chamber of Commerce’s annual member economic survey found that only 30 percent of local CEOs planned to see increased profitability in 2009 — marking the lowest level in the survey’s eight-year history.

Millions could get help, but is foreclosure plan fair? (USA Today)
The Obama administration’s $75 billion housing rescue plan promises to help millions of financially struggling homeowners keep their homes, but it may be too little and too late for millions of others.

Small Businesses Face More Fraud in Downturn (WSJ)
Employees Engage in Check Forgery, Petty-Cash Theft; Managers Sometimes Mistakenly Blame Lower Sales Instead of Foul Play.

Hidden Tax Tips for Entrepreneurs (Business Week)
Twenty-five tax deductions you may not have heard of—but should

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