NewsFeeds 4.16.09

State set to issue stimulus contracts for highways (Times-Dispatch)
The state will award the first contracts, worth about an estimated $111 million for highway paving work, in May.

President of Hampton Roads Bankshares resigns (Virginian-Pilot)
Three and a half months after becoming president of Hampton Roads Bankshares Inc., D. Ben Berry resigned abruptly, the Norfolk-based banking company confirmed Wednesday.

Video Prank at Domino’s Taints Brand (NY Times)
When two Domino’s Pizza employees filmed a prank in the restaurant’s kitchen, they decided to post it online. In a few days, thanks to the power of social media, they ended up with felony charges, more than a million disgusted viewers, and a major company facing a public relations crisis.

Keeping Up With Being Kept (NYT Magazine)
An amazing story about older men seeking college girls, and what they’re willing to pay. It’s a long read, so you may want to print it. There’s the 18-year-old from France asking for $5,000 to $10,000 a month from “a mentor who can provide me with the finer things in life and keep me happy!” And the 49-year-old investor from upstate New York willing to pay $5,000 a month for a “daytime playmate” for “intense connection without commitment.”

Community lenders get stimulus boost (USA Today)
A little-known provision of the massive $787 billion stimulus law recently passed by Congress doubles federal funding for so-called Community Development Financial Institutions (CDFIs) such as Community First Fund. That includes local thrifts, banks and non-profits that serve low-income neighborhoods often ignored by large institutions or exploited by high-cost predatory lenders. President Obama’s 2010 budget includes more money for the financiers, to help distressed areas hit hardest by the recession.

Bankers vs. Economists (Slate)
Who deserves more blame for the global economic collapse?

10 Sectors Poised for Growth (Entrepreneur)
It sounds like a joke, given all the news, but some sectors are growing.

State set to issue stimulus contracts for highways (Times-Dispatch)
The state will award the first contracts, worth about an estimated $111 million for highway paving work, in May.

President of Hampton Roads Bankshares resigns (Virginian-Pilot)
Three and a half months after becoming president of Hampton Roads Bankshares Inc., D. Ben Berry resigned abruptly, the Norfolk-based banking company confirmed Wednesday.

Video Prank at Domino’s Taints Brand (NY Times)
When two Domino’s Pizza employees filmed a prank in the restaurant’s kitchen, they decided to post it online. In a few days, thanks to the power of social media, they ended up with felony charges, more than a million disgusted viewers, and a major company facing a public relations crisis.

Keeping Up With Being Kept (NYT Magazine)
An amazing story about older men seeking college girls, and what they’re willing to pay. It’s a long read, so you may want to print it. There’s the 18-year-old from France asking for $5,000 to $10,000 a month from “a mentor who can provide me with the finer things in life and keep me happy!” And the 49-year-old investor from upstate New York willing to pay $5,000 a month for a “daytime playmate” for “intense connection without commitment.”

Community lenders get stimulus boost (USA Today)
A little-known provision of the massive $787 billion stimulus law recently passed by Congress doubles federal funding for so-called Community Development Financial Institutions (CDFIs) such as Community First Fund. That includes local thrifts, banks and non-profits that serve low-income neighborhoods often ignored by large institutions or exploited by high-cost predatory lenders. President Obama’s 2010 budget includes more money for the financiers, to help distressed areas hit hardest by the recession.

Bankers vs. Economists (Slate)
Who deserves more blame for the global economic collapse?

10 Sectors Poised for Growth (Entrepreneur)
It sounds like a joke, given all the news, but some sectors are growing.

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