Dominion Virginia Power to raise rates? (Times-Dispatch)
Dominion Virginia Power will ask the State Corporation Commission this week for its first base-rate increase in 17 years. With tens of millions of dollars likely at stake, the rate case has large implications for the company’s financial well-being, Virginia’s energy security and customers’ pocketbooks.
Cul-de-sacked (Virginia Gazette)
VDOT regs will virtually prohibit cul-de-sacs by demanding instead that new developments cut through to the neighborhoods and stores around them. Existing neighborhoods are grandfathered unless they’re looking to expand. Cul-de-sacs have defined residential development in greater Williamsburg for the past 40 years. Subdivisions were laid out to isolate homeowners from unwanted traffic. The new connectivity will make it easier for pedestrians and bicyclists, at the expense of an inherent privacy.
The Orwellian language of Wall Street finds its way to the Treasury Department.
Wagoner Is Ousted to Maintain GM’s Lifeline (Business Week)
General Motors’ longtime CEO falls on his sword to appease unions, bondholders, and the Obama Administration in a bid to keep the automaker afloat
Report Finds Fraud Rife in SBA Program (WSJ)
The report, issued last week by the Government Accountability Office, uncovered repeated instances of fraud among companies participating in the Small Business Administration’s Historically Underutilized Business Zone, which provides federal contracts to small companies located in low-income communities.
Managing the Fallout of Layoffs (Smart Money)
Once the initial shock of losing a co-worker recedes, then the uncertainty sets in. Remaining workers may question why they weren’t laid off or where they stand going forward. That fear can breed anxiety and resentment – and may even prompt key employees to look elsewhere for new jobs, says Summer. It could also take a toll on productivity as employees spend more time worrying about job security and less time thinking about the actual work. Here are four steps to help you manage the aftermath of layoffs.