NewsFeeds 3.25.10

Political Plates (Style Weekly)
How the city’s meals-tax hike six years ago became a heavy burden on struggling restaurants.

Economic blight contributes to high homicide rate in Newport News (Daily Press)
The poverty and economic blight that plagues many Newport News neighborhoods is the primary reason the city had a homicide rate last year that was twice that of neighboring Hampton, said Newport News Police Chief James Fox.

Godiva, other stores close at MacArthur Center (Virginian-Pilot)
It’s the second of two specialty chocolate makers that had retail locations at the downtown Norfolk mall. Lindt Chocolates closed its store in late January.

The Great Baseball Card Bubble (Slate)
Editor’s Pick. By the ’80s, baseball card values were rising beyond the average hobbyist’s means. As prices continued to climb, baseball cards were touted as a legitimate investment alternative to stocks, with the Wall Street Journal referring to them as sound “inflation hedges” and “nostalgia futures.”

Bank of America to Reduce Mortgage Balances (NY Times)
Bank of America said on Wednesday that it would begin forgiving some mortgage  debt in an effort to keep distressed borrowers from losing their homes.

Study: Average retired couple will need $250,000 for health care (USA Today)
Relief to seniors facing high prescription drug costs is one of the first changes to come under the health care overhaul. But that won’t offset the relentless increase in retirees’ medical expenses.

Fearing Turncoats, Owners Protect Secret Sauce (WSJ)
For business owners just starting out, preparing noncompete agreements for new recruits may seem like a low priority, superfluous or even unfit for an entrepreneurial venture. But human-resources and legal experts say such an accord – whether it’s actually enforceable by law or not – could help protect against losses incurred by turncoat employees, though there are exceptions.

Political Plates (Style Weekly)
How the city’s meals-tax hike six years ago became a heavy burden on struggling restaurants.

Economic blight contributes to high homicide rate in Newport News (Daily Press)
The poverty and economic blight that plagues many Newport News neighborhoods is the primary reason the city had a homicide rate last year that was twice that of neighboring Hampton, said Newport News Police Chief James Fox.

Godiva, other stores close at MacArthur Center (Virginian-Pilot)
It’s the second of two specialty chocolate makers that had retail locations at the downtown Norfolk mall. Lindt Chocolates closed its store in late January.

The Great Baseball Card Bubble (Slate)
Editor’s Pick. By the ’80s, baseball card values were rising beyond the average hobbyist’s means. As prices continued to climb, baseball cards were touted as a legitimate investment alternative to stocks, with the Wall Street Journal referring to them as sound “inflation hedges” and “nostalgia futures.”

Bank of America to Reduce Mortgage Balances (NY Times)
Bank of America said on Wednesday that it would begin forgiving some mortgage  debt in an effort to keep distressed borrowers from losing their homes.

Study: Average retired couple will need $250,000 for health care (USA Today)
Relief to seniors facing high prescription drug costs is one of the first changes to come under the health care overhaul. But that won’t offset the relentless increase in retirees’ medical expenses.

Fearing Turncoats, Owners Protect Secret Sauce (WSJ)
For business owners just starting out, preparing noncompete agreements for new recruits may seem like a low priority, superfluous or even unfit for an entrepreneurial venture. But human-resources and legal experts say such an accord – whether it’s actually enforceable by law or not – could help protect against losses incurred by turncoat employees, though there are exceptions.

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