A meteoric rise — and fall (Daily Press)
Part one of a three part series the DP is running on failed business scheme: In the summer of 2008, a few months after leaving his lucrative career as a financial adviser at Davenport & Co., Allen H. Whitehead III began placing calls to many of his former clients, asking to meet with them to discuss a business opportunity. He was seeking well-heeled investors for his nascent firm, a cell-phone retailer called The Mobile Team LLC. With his history of producing solid returns, Whitehead found many doors easy to open.
Officials want economic development to be part of light rail (Virginian-Pilot)
The economy hasn’t stopped local politicians, planners and economic development officials from pinning hopes for new development and economic renewal on Hampton Roads Transit’s 7.4-mile Tide “starter” light-rail line in Norfolk, scheduled to open in the spring.
Kluge, Sweely: Putting a cork in it (C-Ville Weekly)
Foreclosures hit two big local wineries.
Now in Power, G.O.P. Vows Cuts in State Budgets (NY Times)
Republicans who have taken over state capitols across the country are promising to respond to crippling budget deficits with an array of cuts, among them proposals to reduce public workers’ benefits in Wisconsin, scale back social services in Maine and sell off state liquor stores in Pennsylvania, endangering the jobs of thousands of state workers.
Regulators flawed in foreclosure oversight (Washington Post)
Federal agency chose not to scrutinize the foreclosure operations of the largest banks and instead relied on the banks’ in-house assessments. These provided no hint of the problems to come until they had tripped the nation’s housing market, agency officials later acknowledged.
The World’s Coolest Offices (Inc.)
A creative, functional office can set the tone for everything a company does. So Inc.com teamed up with Architizer to identify the best offices on the planet.
Four Wheels and Style to Burn (Entrepreneur)
A new fleet of entrepreneurs are creating their own spin on the food-truck model some with seriously cool mobile retail.