Caroline County approves mixed-use development (Times-Dispatch)
Caroline County got two big pieces of news last night — approval for the county’s largest mixed-used development and word that health-care giant McKesson Corp. plans to build a pharmaceutical distribution center.
Virginia joins coalition for Atlantic wind farms (Virginian-Pilot)
McDonnell and governors in nine other states have joined an effort organized by U.S. Interior Secretary Ken Salazar to promote, coordinate and expedite the development of offshore wind facilities along the Outer Continental Shelf in the Atlantic Ocean.
New medical school picks its first class (Roanoke Times)
The Virginia Tech Carilion School of Medicine has 42 students lined up to start classes on Aug. 2.
Sotheby’s opens Kluge auction (Daily Progress)
And now begins the most prestigious Albemarle County rummage sale since the Jeffersons left Monticello: the Sotheby’s auction of Patricia Kluge’s collection of furnishings and other possessions from Albemarle House.
Legacy for One Billionaire: Death, but No Taxes (NY Times)
Had his life ended three months earlier, Mr. Duncan’s riches — Forbes magazine estimated his worth at $9 billion, ranking him as the 74th wealthiest in the world — would have been subject to a federal tax of at least 45 percent. If he had lived past Jan. 1, 2011, the rate would be even higher — 55 percent. Instead, because Congress allowed the tax to lapse for one year and gave all estates a free pass in 2010, Mr. Duncan’s four children and four grandchildren stand to collect billions that in any other year would have gone to the Treasury.
Bernie Madoff, Free at Last (New York Magazine)
A fascinating read, but long. Best to print. Inmates were impressed by the sheer scale of Madoff’s operation and turned to him for guidance in getting their own ambitions on track. Madoff had always enjoyed being counselor to the wealthy and powerful. That had been part of the scheme’s seduction: Bernie, the scrappy kid from Queens, depended on by rich businessmen.
Need a Loan? Ask the Boss (WSJ)
At small, closely knit companies, business owners sometimes take on an extra role: that of the parent who opens up the wallet when the kids need cash. After all, they typically can’t steer their penny-pinched workers toward the kind of resources that many big companies have, such as credit unions and debt-counseling programs. Instead, the only option they usually have is to dig into their own pockets – and many say they do with little hesitation.
Finding Love for Millionaires (Inc.)
Ten years ago, Patti Stanger started Millionaire’s Club, a matchmaking service for millionaires. Today her business idea is a reality television hit series called Millionaire Matchmaker on Bravo.
Caroline County approves mixed-use development (Times-Dispatch)
Caroline County got two big pieces of news last night — approval for the county’s largest mixed-used development and word that health-care giant McKesson Corp. plans to build a pharmaceutical distribution center.
Virginia joins coalition for Atlantic wind farms (Virginian-Pilot)
McDonnell and governors in nine other states have joined an effort organized by U.S. Interior Secretary Ken Salazar to promote, coordinate and expedite the development of offshore wind facilities along the Outer Continental Shelf in the Atlantic Ocean.
New medical school picks its first class (Roanoke Times)
The Virginia Tech Carilion School of Medicine has 42 students lined up to start classes on Aug. 2.
Sotheby’s opens Kluge auction (Daily Progress)
And now begins the most prestigious Albemarle County rummage sale since the Jeffersons left Monticello: the Sotheby’s auction of Patricia Kluge’s collection of furnishings and other possessions from Albemarle House.
Legacy for One Billionaire: Death, but No Taxes (NY Times)
Had his life ended three months earlier, Mr. Duncan’s riches — Forbes magazine estimated his worth at $9 billion, ranking him as the 74th wealthiest in the world — would have been subject to a federal tax of at least 45 percent. If he had lived past Jan. 1, 2011, the rate would be even higher — 55 percent. Instead, because Congress allowed the tax to lapse for one year and gave all estates a free pass in 2010, Mr. Duncan’s four children and four grandchildren stand to collect billions that in any other year would have gone to the Treasury.
Bernie Madoff, Free at Last (New York Magazine)
A fascinating read, but long. Best to print. Inmates were impressed by the sheer scale of Madoff’s operation and turned to him for guidance in getting their own ambitions on track. Madoff had always enjoyed being counselor to the wealthy and powerful. That had been part of the scheme’s seduction: Bernie, the scrappy kid from Queens, depended on by rich businessmen.
Need a Loan? Ask the Boss (WSJ)
At small, closely knit companies, business owners sometimes take on an extra role: that of the parent who opens up the wallet when the kids need cash. After all, they typically can’t steer their penny-pinched workers toward the kind of resources that many big companies have, such as credit unions and debt-counseling programs. Instead, the only option they usually have is to dig into their own pockets – and many say they do with little hesitation.
Finding Love for Millionaires (Inc.)
Ten years ago, Patti Stanger started Millionaire’s Club, a matchmaking service for millionaires. Today her business idea is a reality television hit series called Millionaire Matchmaker on Bravo.