NewsFeeds 4.29.10

Off-track betting center opening at Innsbrook (Times-Dispatch)
An off-track betting center opens today at Finn McCools Irish Pub, the ninth such center in the state, the third in the Richmond area, and the first at an established restaurant.

Tower ride powers Busch (Virginia Gazette)
Busch Gardens plans to build a 26-story “tower” coaster that will easily eclipse the 205-foot peak of Griffon.

Not without a fight: survivor of parkway shooting recounts story (Roanoke Times)
Not business news, but another incredible story from one of the best writers in Virginia. As her friend lay shot, bleeding and dying near her on an overlook of the Blue Ridge Parkway, young Christina Floyd struggled for her own life.

The Myth of the Sophisticated Investor (Slate)
Wall Street loves the “sophisticated investors” argument, and little wonder: It could generate infinite financial fees if only the populace could be convinced that it’s OK to fool some of the people all of the time. The problem is that even when only some of the people get fooled, all of us are paying all of the time.

Gamble Sours for Many Kentucky Horse Breeders (NY Times)
The economic decline of racing will be on full display during this year’s Triple Crown season. Eskendereya, who would have been the favorite for the Kentucky Derby but was pulled out with an injury, is owned by a bankrupt stable. The owners of Pimlico Race Course, the historic racetrack in Baltimore that hosts the Preakness Stakes, are going through bankruptcy. And the New York Racing Association said it might not have enough money to hold the Belmont Stakes this year; it is trying to get a loan from the state government.

Six Industries Poised to Grow (WSJ)
Will stepped-up regulation stifle or stimulate growth? SmartMoney spoke with business owners, venture capitalists and analysts for a snapshot of six industries poised for growth.

Bridging the Gap Between Passion and Profits (Entrepreneur)
You love what you do, but you’ll need more than that if you want to take your business to the next level.

Off-track betting center opening at Innsbrook (Times-Dispatch)
An off-track betting center opens today at Finn McCools Irish Pub, the ninth such center in the state, the third in the Richmond area, and the first at an established restaurant.

Tower ride powers Busch (Virginia Gazette)
Busch Gardens plans to build a 26-story “tower” coaster that will easily eclipse the 205-foot peak of Griffon.

Not without a fight: survivor of parkway shooting recounts story (Roanoke Times)
Not business news, but another incredible story from one of the best writers in Virginia. As her friend lay shot, bleeding and dying near her on an overlook of the Blue Ridge Parkway, young Christina Floyd struggled for her own life.

The Myth of the Sophisticated Investor (Slate)
Wall Street loves the “sophisticated investors” argument, and little wonder: It could generate infinite financial fees if only the populace could be convinced that it’s OK to fool some of the people all of the time. The problem is that even when only some of the people get fooled, all of us are paying all of the time.

Gamble Sours for Many Kentucky Horse Breeders (NY Times)
The economic decline of racing will be on full display during this year’s Triple Crown season. Eskendereya, who would have been the favorite for the Kentucky Derby but was pulled out with an injury, is owned by a bankrupt stable. The owners of Pimlico Race Course, the historic racetrack in Baltimore that hosts the Preakness Stakes, are going through bankruptcy. And the New York Racing Association said it might not have enough money to hold the Belmont Stakes this year; it is trying to get a loan from the state government.

Six Industries Poised to Grow (WSJ)
Will stepped-up regulation stifle or stimulate growth? SmartMoney spoke with business owners, venture capitalists and analysts for a snapshot of six industries poised for growth.

Bridging the Gap Between Passion and Profits (Entrepreneur)
You love what you do, but you’ll need more than that if you want to take your business to the next level.

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