NewsFeeds 1.25.10

Monticello shuffle exploits New Town (Virginia Gazette)
Despite struggling retailers and a foreclosure across the street, plans were filed this week for another shopping center on Monticello Avenue. This one is planned across from Settler’s Market, a section of New Town going to foreclosure auction.

Lawmakers’ side jobs can pay big wages (Roanoke Times)
Lawmakers in both parties are moving to tighten the Assembly’s ethical rules in the wake of the scandal that engulfed former Del. Phil Hamilton last year. Hamilton, a Newport News Republican, was defeated in November following revelations that he negotiated a job for himself at Old Dominion University while he was securing the state funding for it.

Regulators: Gas company made $15.3M too much in ’08 (Virginian-Pilot)
A state regulators’ review of Virginia Natural Gas’ finances has found that the company earned $15.3 million more than it needed to operate its system and earn a profit in 2008, while its spending to repair and maintain that system declined.

Capitalist Fools (The Atlantic)
This is the best article I’ve read about the looming problem with loans about to come due. Commercial real estate is dominated by financial professionals, not hustlers looking for a quick flip. So why is the market about to melt down?

The Smoke Screen Economy (Slate)
Why it’s impossible to figure out the real price of anything.

When Business Owners Are Control Freaks (WSJ)
In the start-up years, the necessity of dictating how everything around you is done can serve you well. Hyperattention to detail, intimate knowledge of your company’s operations and the lessons you learn by doing it all yourself are invaluable. Unfortunately, many business owners become control freaks.

How Steve Nash Shines in Basketball–and Business (Fast Company)
Really cool cover story from the latest issue of Fast Company. Phoenix Suns point guard Steve Nash shines brightest during on-court chaos, and he’s got a plan to do the same in business.

Monticello shuffle exploits New Town (Virginia Gazette)
Despite struggling retailers and a foreclosure across the street, plans were filed this week for another shopping center on Monticello Avenue. This one is planned across from Settler’s Market, a section of New Town going to foreclosure auction.

Lawmakers’ side jobs can pay big wages (Roanoke Times)
Lawmakers in both parties are moving to tighten the Assembly’s ethical rules in the wake of the scandal that engulfed former Del. Phil Hamilton last year. Hamilton, a Newport News Republican, was defeated in November following revelations that he negotiated a job for himself at Old Dominion University while he was securing the state funding for it.

Regulators: Gas company made $15.3M too much in ’08 (Virginian-Pilot)
A state regulators’ review of Virginia Natural Gas’ finances has found that the company earned $15.3 million more than it needed to operate its system and earn a profit in 2008, while its spending to repair and maintain that system declined.

Capitalist Fools (The Atlantic)
This is the best article I’ve read about the looming problem with loans about to come due. Commercial real estate is dominated by financial professionals, not hustlers looking for a quick flip. So why is the market about to melt down?

The Smoke Screen Economy (Slate)
Why it’s impossible to figure out the real price of anything.

When Business Owners Are Control Freaks (WSJ)
In the start-up years, the necessity of dictating how everything around you is done can serve you well. Hyperattention to detail, intimate knowledge of your company’s operations and the lessons you learn by doing it all yourself are invaluable. Unfortunately, many business owners become control freaks.

How Steve Nash Shines in Basketball–and Business (Fast Company)
Really cool cover story from the latest issue of Fast Company. Phoenix Suns point guard Steve Nash shines brightest during on-court chaos, and he’s got a plan to do the same in business.

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