Newsfeed 7.24.09

Hotel owners sue West Broad Village developers (Times-Dispatch)
Owners of an upscale hotel have asked a federal judge to grant a temporary injunction against developers of West Broad Village, ordering them to complete work on a parking garage, make infrastructure improvements and complete the purchase of a part of the hotel’s building.

Another top business title for Virginia (Virginia Business)
The CNBC business channel has named Virginia the “Top State for Business” in 2009. Virginia received the top ranking in 2007, fell down to No. 2 last year and regained the top status this year thanks to a strong showing of competitiveness in 10 categories.

Will the federal minimum wage hike help or hurt? (Virginian-Pilot)
Today, the federal minimum wage goes up to $7.25 an hour. That comes out to a bit more than 12 cents a minute – or $15,080 a year. It is the last of three annual 70-cent-an-hour boosts in the minimum wage approved in 2007.

Officials woo nanotech firms for new site in Pulaski County (Roanoke Times)
Backers of a proposed $20 million business park in the New River Valley are courting three companies to locate at an interim site in Fairlawn, according to Pulaski economic development director John White.

Jobless Checks for Millions Delayed as States Struggle (New York Times)
With benefit funds at dangerous lows even before the recession began, states are taking on billions in debt and increasing the pressure to raise taxes or cut aid. Sixteen states, with exhausted funds, are now paying benefits with borrowed cash, and their number could double by the year’s end.

Rich Harvard, Poor Harvard ( Vanity Fair )
Only a year ago, Harvard had a $36.9 billion endowment, the largest in academia. Now that endowment has imploded, and the university faces the worst financial crisis in its 373-year history. Could the same lethal mix of uncurbed expansion, colossal debt, arrogance, and mismanagement that ravaged Wall Street bring down America’s most famous university?

Weekly Wind Down: Local Man Hailed As Hero After Beating Self-Proclaimed Social Media Expert Within Inches of Life (S-A-T-I-R-E)
Tobacco Avenue brings us yet another great satire article, this time taking a jab at so-called social media experts.

Bonus Wind Down: Monorail (YouTube)
With all the recent hoopla surrounding high speed rail in Richmond, this clip from the Simpsons comes to mind.

Hotel owners sue West Broad Village developers (Times-Dispatch)
Owners of an upscale hotel have asked a federal judge to grant a temporary injunction against developers of West Broad Village, ordering them to complete work on a parking garage, make infrastructure improvements and complete the purchase of a part of the hotel’s building.

Another top business title for Virginia (Virginia Business)
The CNBC business channel has named Virginia the “Top State for Business” in 2009. Virginia received the top ranking in 2007, fell down to No. 2 last year and regained the top status this year thanks to a strong showing of competitiveness in 10 categories.

Will the federal minimum wage hike help or hurt? (Virginian-Pilot)
Today, the federal minimum wage goes up to $7.25 an hour. That comes out to a bit more than 12 cents a minute – or $15,080 a year. It is the last of three annual 70-cent-an-hour boosts in the minimum wage approved in 2007.

Officials woo nanotech firms for new site in Pulaski County (Roanoke Times)
Backers of a proposed $20 million business park in the New River Valley are courting three companies to locate at an interim site in Fairlawn, according to Pulaski economic development director John White.

Jobless Checks for Millions Delayed as States Struggle (New York Times)
With benefit funds at dangerous lows even before the recession began, states are taking on billions in debt and increasing the pressure to raise taxes or cut aid. Sixteen states, with exhausted funds, are now paying benefits with borrowed cash, and their number could double by the year’s end.

Rich Harvard, Poor Harvard ( Vanity Fair )
Only a year ago, Harvard had a $36.9 billion endowment, the largest in academia. Now that endowment has imploded, and the university faces the worst financial crisis in its 373-year history. Could the same lethal mix of uncurbed expansion, colossal debt, arrogance, and mismanagement that ravaged Wall Street bring down America’s most famous university?

Weekly Wind Down: Local Man Hailed As Hero After Beating Self-Proclaimed Social Media Expert Within Inches of Life (S-A-T-I-R-E)
Tobacco Avenue brings us yet another great satire article, this time taking a jab at so-called social media experts.

Bonus Wind Down: Monorail (YouTube)
With all the recent hoopla surrounding high speed rail in Richmond, this clip from the Simpsons comes to mind.

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