Local business announcements

Business Calendar

A weekly listing of property transfers and building permits in and around Charlottesville.

Local business announcements

Assigning blame for recent events in the financial markets is today’s most pressing political issue. Unintended cause and effect are both complex and subtle, but recognizing the culprits is important if we want to avoid giving them additional power and responsibility.

Veteran banker Glenn Rust sat down with The Daily Progress to discuss the Charlottesville region’s economy, the nation’s financial crisis and his plans for Virginia National Bank’s future growth.

Updated 3:30 p.m.

“I now expect that we will indeed have a plan that can pass the House, pass the Senate (and) be signed by the president,“ said Sen. Bob Bennett, R-Utah.
Economy Forum Thread

President Bush is bringing presidential candidates Barack Obama and John McCain into negotiations on a $700 billion rescue of Wall Street as Democrats and Republicans near agreement on a bailout plan with more protections for taxpayers and new help for distressed homeowners.

“The financial markets are in quite fragile condition and I think absent a plan they will get worse,“ Federal Reserve Chairman Ben Bernanke said.

Top executive Philip J. Schoonover resigned yesterday, four months after he asked shareholders for more time to turn around Circuit City Stores Inc.

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson urged Congress on Tuesday to quickly pass a $700 billion financial bailout, warning that letting problems persist would have dire consequences for the national economy.

For decades, Kodachrome was the standard choice for professional color photography and avant-garde filmmaking. At its peak, a reverential Paul Simon crooned “Mama, don’t take my Kodachrome away” in 1973. It’s the only film to have a state park named after it — photogenic Kodachrome Basin State Park in the red-rock canyons of southern Utah.

BRIC nations have surpassed expectations. The original Goldman Sachs analysis projected the four economies would comprise over 10 percent of the global output by the end of the decade. A year and a half early, they comprise nearly 13 percent.

A weekly listing of property transfers and building permits in and around Charlottesville.

Local business announcements

Local business announcements

Business Calendar

The Bush administration sketched out a multi-faceted effort on Friday to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt. Relief washed over Wall Street with a surge of buying.

“When they are trying to return to more meals at home, they don’t want to start from scratch like we would a generation or two ago,” said Tim Hammonds, president and CEO at the Food Marketing Institute, an industry trade group. “That’s why the prepared foods are so popular.”

One in every five people in the world lives in communist China. Unlike other BRIC countries (Brazil, Russia, India and China), the Chinese lack representative government, the rule of law administered by independent judges, basic human rights, freedom of the media, independent universities and the right of workers to move freely. Even the constitution makes clear that the government has no limits or accountability to the Chinese people.

A weekly listing of property transfers and building permits in and around Charlottesville.

Business Calendar

Local business announcements

Local business announcements

This year’s lunchroom will be less about convenience and more about the bottom line, said Marcia Mogelonsky, senior research analyst with Mintel International in Chicago. Parents will be shopping for deals but still wanting all the basics - fruits, veggies, proteins and fun things like chips and cookies. It won’t be easy, she said.

A weekly listing of property transfers and building permits in and around Charlottesville.

The modern-day Indian republic was born in 1950. During the cold war between the United States and the Soviet Union, India was a prominent nonaligned country. It was highly socialistic with the government exercising control over every aspect of the economy. These restrictive policies caused extremely low growth rates, derisively dubbed the “Hindu rate of growth.”

Local business announcements

Local business announcements

Business Calendar