NewsFeeds 5.18.11

Localities expect cost of teacher pensions to rise (Times-Dispatch)
In the current two-year budget, the teacher plan is getting about $1.1 billion less in contributions than recommended in 2009 by VRS, which operates under economic assumptions that are more conservative than those used by the legislature.

Feds investigate Bank of Commonwealth, officials (Virginian-Pilot)
A federal grand jury is investigating the lending and reporting practices of Bank of the Commonwealth, along with the activities of certain current and former officers and directors, the bank’s parent, Commonwealth Bankshares Inc., said in a filing with regulators Friday.

Jim Justice: The West Virginia business leader behind the land deal near Ash Lawn-Highland and Monticello (Charlottesville Tomorrow) Donald Trump isn’t the only outside business tycoon looking to bring a Midas touch to the rural countryside surrounding Charlottesville. While Trump scooped up the Kluge Estate Winery & Vineyard earlier this month after its foreclosure, a West Virginia businessman who acquired 4,500 acres in Albemarle County south of Ash Lawn-Highland and Monticello late last year is speaking publicly for the first time about his purchase.

Online Poker Players Face Big Life Changes (WSJ)
The U.S. government disrupted the weekend—and life—plans of Cory Albertson and thousands of others like him who earn much of their living playing poker online.

Commercial real estate’s improving health exceeds forecasts (USA Today)
The once-dismal commercial real estate market is turning around far more quickly than analysts expected, with troubled loans falling, occupancy rising and office building sales surging in the largest markets.

Startup mating rituals 101 (Fortune)
An anthropological technography of the strange, ritualized world where startups sell themselves to venture capitalists: Demo Day.

Top 10 Entrepreneurship Courses (Inc.)
University courses in entrepreneurship are better—more useful, more real, more likely to produce actual companies—than they have ever been. Here are 10 we’d love to take.

Localities expect cost of teacher pensions to rise (Times-Dispatch)
In the current two-year budget, the teacher plan is getting about $1.1 billion less in contributions than recommended in 2009 by VRS, which operates under economic assumptions that are more conservative than those used by the legislature.

Feds investigate Bank of Commonwealth, officials (Virginian-Pilot)
A federal grand jury is investigating the lending and reporting practices of Bank of the Commonwealth, along with the activities of certain current and former officers and directors, the bank’s parent, Commonwealth Bankshares Inc., said in a filing with regulators Friday.

Jim Justice: The West Virginia business leader behind the land deal near Ash Lawn-Highland and Monticello (Charlottesville Tomorrow) Donald Trump isn’t the only outside business tycoon looking to bring a Midas touch to the rural countryside surrounding Charlottesville. While Trump scooped up the Kluge Estate Winery & Vineyard earlier this month after its foreclosure, a West Virginia businessman who acquired 4,500 acres in Albemarle County south of Ash Lawn-Highland and Monticello late last year is speaking publicly for the first time about his purchase.

Online Poker Players Face Big Life Changes (WSJ)
The U.S. government disrupted the weekend—and life—plans of Cory Albertson and thousands of others like him who earn much of their living playing poker online.

Commercial real estate’s improving health exceeds forecasts (USA Today)
The once-dismal commercial real estate market is turning around far more quickly than analysts expected, with troubled loans falling, occupancy rising and office building sales surging in the largest markets.

Startup mating rituals 101 (Fortune)
An anthropological technography of the strange, ritualized world where startups sell themselves to venture capitalists: Demo Day.

Top 10 Entrepreneurship Courses (Inc.)
University courses in entrepreneurship are better—more useful, more real, more likely to produce actual companies—than they have ever been. Here are 10 we’d love to take.

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