New Amtrak service chugs past annual goal in six months (News & Advance)
The new Northeast Regional passenger train serving Lynchburg has met the ridership goals for its first year — and did it in only six months. Amtrak’s goal, when it started Lynchburg’s second daily train in October, was to carry 51,000 passengers the first year. By the end of March, it already had topped that goal by 4,000 riders, according to Amtrak and the state Department of Rail and Public Transportation.
Investors Ease Strain on F.D.I.C.(NY Times)
A spate of recent banking takeovers and investments suggests that stronger financial institutions and private investment firms see value in the detritus of American banking. That is good news for the F.D.I.C., which has had to shoulder the cost of failures through its deposit insurance fund, causing the fund to sink into the red.
Small businesses’ credit card rates now 13.7% higher (USA Today)
New evidence that banks have sharply increased rates for small-business credit cards has rekindled calls for Congress to intervene. Over the past six months, American Express, Bank of America, Capital One, Citi and Wells Fargo have raised interest rates for new small-business credit cards offered on the Internet roughly six times faster than rate increases on consumer credit card offers, according to BillShrink.com, a consumer help site that tracks credit card offers.
Crooked Loan Agents Take Advantage (WSJ)
Scam loan agents have long been a scourge of the Small Business Administration. In recent years, as sources of capital have dwindled for entrepreneurs, a new crop of con artists has surfaced.
Norm Brodsky on Why Real Estate Still Rules (Inc.)
Is it better to own or lease real estate?