Doubling the size of Fort Lee by 2013 (Times-Dispatch)
Total BRAC construction investment is expected to be $1.2 billion. The post’s daily population is expected to reach more than 35,500 by 2011, when most of the growth will occur. In 2005, the daily base population was 18,800.
CVS plans large push into Hampton Roads (Virginian-Pilot)
Officials of the CVS Pharmacy chain confirmed Thursday that the opening of their first new store in Hampton Roads this week marks the start of a major local expansion.
Botetourt manufacturer shutting down (Roanoke Times)
O’Neal Steel Inc. will close its Botetourt County welding operation, putting 115 people out of work. O’Neal, which is based in Birmingham, Ala., supplies goods to the downtown Roanoke rail car factory of FreightCar America, which said April 13 it intended to suspend production because of sluggish sales.
The TARP Queen (Slate)
That the American financial system itself is irreparably broken is already obvious enough to a handful of public figures as diverse as the president of China and even Jay Leno, who last month personally chided the president for delegating our national nightmare to a banker. No one grasps the true nature of our hard times better than Elizabeth Warren, the Harvard Law School professor who last month revealed that TARP, the original asset-bailout program that she oversees, had resulted in taxpayers subsidizing tens of billions in investor profits while producing no discernible uptick in bank lending.
New and Improved (WSJ)
Across the country, many businesses, especially small ones, are finding the key to survival is to broaden their appeal in new markets while increasing their profitability among existing clients.
U.S. Said to Seek a Chrysler Plan for Bankruptcy (NY Times)
The Treasury Department is directing Chrysler to prepare a Chapter 11 bankruptcy filing as soon as next week, people with direct knowledge of the talks said Thursday.
The Weekly Wind-Down: Business Card Nut-Job
This is one of our best finds. A guy who is way too into business cards. There are a handful of great lines, but we loved, “This is the most impressive business card I’ve ever seen. It’s mine. It took me 25 years to design this.” We also loved, “It doesn’t fit in your Rolodex because it doesn’t belong in your Rolodex.”