NewsFeeds 5.12.09

Norfolk condo project in question after manager departs (Virginian-Pilot)
The future of the Harbor Walk condominium project in Ocean View is in question after the local manager for the Florida-based developer suddenly departed days after the developer canceled a homeowner meeting about the use of defective Chinese-made drywall there.

Ponzi defendant pleads guilty (Daily Progress)
John Mark Donnelly, the Crozet resident who ran a 10-year multi-million-dollar Ponzi scheme, plans to repay victims he defrauded, his attorney said Monday. That could be difficult as his 52-year-old client faces a potential 48-year prison sentence.

Prices Fall To Match A New Frugality (Washington Post)
The nation’s retailers have begun to embrace the new cost-conscious consumer, developing products they can sell at lower prices without driving themselves out of business in the post-splurge era.

We’re Dull, Small Banks Say, but Have Profits (NY Times)
It’s unlikely that any group of professionals is happier to highlight the dullness of their work than small-town bankers. But to the deep chagrin of Mr. Ewing and others at the conference, the public, politicians and the media have made little distinction between the stress-tested behemoths and the 7,630 community banks across the country — the vast majority of which have watched the crisis like bystanders at a 10-car pileup.

AirTran to offer Wi-Fi on all flights (USA Today)
n a bid to win over Internet-savvy travelers, AirTran Airways (AAI) this summer will become the first large U.S. airline to offer wireless Internet access on every flight nationwide.

Snipping Credit Lines for Small Businesses (BusinessWeek)
JPMorgan Chase and others are shoring up balance sheets by reducing or eliminating these financial lifelines to entrepreneurs

Does Humor Hurt a Boss’s Authority? (BNET)
A huge dollop of humor helps the medicine go down. The thing is, humor is like any other professional implement in the workplace. It should NOT be utilized by amateurs. Sins that are committed by bosses who think they are funny, but are not, include …

Norfolk condo project in question after manager departs (Virginian-Pilot)
The future of the Harbor Walk condominium project in Ocean View is in question after the local manager for the Florida-based developer suddenly departed days after the developer canceled a homeowner meeting about the use of defective Chinese-made drywall there.

Ponzi defendant pleads guilty (Daily Progress)
John Mark Donnelly, the Crozet resident who ran a 10-year multi-million-dollar Ponzi scheme, plans to repay victims he defrauded, his attorney said Monday. That could be difficult as his 52-year-old client faces a potential 48-year prison sentence.

Prices Fall To Match A New Frugality (Washington Post)
The nation’s retailers have begun to embrace the new cost-conscious consumer, developing products they can sell at lower prices without driving themselves out of business in the post-splurge era.

We’re Dull, Small Banks Say, but Have Profits (NY Times)
It’s unlikely that any group of professionals is happier to highlight the dullness of their work than small-town bankers. But to the deep chagrin of Mr. Ewing and others at the conference, the public, politicians and the media have made little distinction between the stress-tested behemoths and the 7,630 community banks across the country — the vast majority of which have watched the crisis like bystanders at a 10-car pileup.

AirTran to offer Wi-Fi on all flights (USA Today)
n a bid to win over Internet-savvy travelers, AirTran Airways (AAI) this summer will become the first large U.S. airline to offer wireless Internet access on every flight nationwide.

Snipping Credit Lines for Small Businesses (BusinessWeek)
JPMorgan Chase and others are shoring up balance sheets by reducing or eliminating these financial lifelines to entrepreneurs

Does Humor Hurt a Boss’s Authority? (BNET)
A huge dollop of humor helps the medicine go down. The thing is, humor is like any other professional implement in the workplace. It should NOT be utilized by amateurs. Sins that are committed by bosses who think they are funny, but are not, include …

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