NewsFeeds 10.8.10

Ultramarathoner guilty of cheating banks to finance runs (Virginian-Pilot)
A federal court jury on Wednesday found ultramarathoner Charlie Engle guilty of 12 counts of fraud, finding that he bilked banks out of $150,000 to finance his athletic efforts, including a 4,300-mile run across the Sahara Desert.

Reston-based company MERS in the middle of foreclosure chaos (Washington Post)
Editor’s Pick: Mortgage Electronic Registration Systems, headquartered in a nondescript office building in Reston Town Center, has flourished quietly over the past decade, saving financial firms hundreds of millions of dollars by helping them avoid the time and expense of filing mortgage documents and paying fees each time a loan changes hands. But lawyers throughout the country increasingly are challenging that approach, questioning whether the company has the legal right to foreclose on homes, on the grounds that it doesn’t actually own mortgages. And the argument is gaining traction with some judges.

A record 30% of unemployed out of work at least a year (USA Today)
A government report out Friday is expected to show modest but continued improvement in the job market last month. But one segment of jobless Americans likely won’t feel much of a lift: the severely long-term unemployed.

How I Did It: John Vechey, Founder of PopCap (Inc.)
How a small company is capturing a big audience in the casual gaming market.

How Not to Be a ‘Bosshole’ (Entrepreneur)
Consider this advice for bringing out the best in employees and keeping your top talent motivated.

The Weekly wind-down: Lisa Simpson meets Mark Zuckerberg (YouTube)
A funny 30-second clip from last week’s Simpsons.

Ultramarathoner guilty of cheating banks to finance runs (Virginian-Pilot)
A federal court jury on Wednesday found ultramarathoner Charlie Engle guilty of 12 counts of fraud, finding that he bilked banks out of $150,000 to finance his athletic efforts, including a 4,300-mile run across the Sahara Desert.

Reston-based company MERS in the middle of foreclosure chaos (Washington Post)
Editor’s Pick: Mortgage Electronic Registration Systems, headquartered in a nondescript office building in Reston Town Center, has flourished quietly over the past decade, saving financial firms hundreds of millions of dollars by helping them avoid the time and expense of filing mortgage documents and paying fees each time a loan changes hands. But lawyers throughout the country increasingly are challenging that approach, questioning whether the company has the legal right to foreclose on homes, on the grounds that it doesn’t actually own mortgages. And the argument is gaining traction with some judges.

A record 30% of unemployed out of work at least a year (USA Today)
A government report out Friday is expected to show modest but continued improvement in the job market last month. But one segment of jobless Americans likely won’t feel much of a lift: the severely long-term unemployed.

How I Did It: John Vechey, Founder of PopCap (Inc.)
How a small company is capturing a big audience in the casual gaming market.

How Not to Be a ‘Bosshole’ (Entrepreneur)
Consider this advice for bringing out the best in employees and keeping your top talent motivated.

The Weekly wind-down: Lisa Simpson meets Mark Zuckerberg (YouTube)
A funny 30-second clip from last week’s Simpsons.

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