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Bowers says to prepare to meet your maker!

Tuesday, August 31, 2010

Bowers says to prepare to meet your maker!

Have you ever received those solicitations that tell you to prepare for your retirement, financial planning, advice on wills and power of attorney, long-term care and offers of prepaid burial plans. They have pictures of “happy smiling seniors” being  coddled by gentle caregivers and beautiful flowered views of a cemetary. <laughing so hard I can barely [...]

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Lt. Governor sees light at the end of the tunnel for Virginia’s economy

Tuesday, August 17, 2010

Lt. Governor sees light at the end of the tunnel for Virginia’s economy

Lt. Governor Bill Bolling hoped that the light at the end of the tunnel for Virginia’s economy was not a train. That train could come in the form of a “double-dip” recession. Monday morning the Lt. Governor heard concerns and appreciation for the improvements to Virginia’s business climate. Bolling met with the Roanoke Regional Partnership [...]

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Governor Bob McDonnell tours Steel Dynamics

Thursday, August 5, 2010

Governor Bob McDonnell tours Steel Dynamics

Governor Bob McDonnell arrived at Steel Dynamics at noon on Wednesday. Steel Dynamics Vice President and General Manager Joe Crawford and Charles Hunter Chair of the Roanoke Economic Development Authority and Dennis Cronk CEO of Poe & Cronk Real Estate Group greeted the governor. Vice-Mayor David Trinkle introduced Governor McDonnell and touted Roanoke’s two exiting [...]

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South Peak development nears its launch date

Wednesday, July 14, 2010

Formal action on the formation of the Community Development Authority (CDA) for South Peak is perking up with the help of Bonnie France of the McGuire Woods law firm in Richmond. France has been advising Roanoke County on bond issues for 25 years. James Smith, the developer will start first with a 120-unit condominium project [...]

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SEC measures curtail “pay to play” practices

Wednesday, June 30, 2010

Washington, D.C., June 30, 2010 — The Securities and Exchange Commission today voted unanimously to approve new rules to significantly curtail the corrupting influence of “pay to play” practices by investment advisers. Pay to play is the practice of making campaign contributions and related payments to elected officials in order to influence the awarding of [...]

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“Eat for Education” campaign encourages dining at city restaurants

Wednesday, June 30, 2010

“Eat for Education” campaign encourages dining at city restaurants

A campaign dubbed “Eat for Education” was launched Wednesday in front of the Texas Tavern. The two-percent meal’s tax increase starts July 1 and Mayor David Bowers recognized that “the meals tax may impact restaurants and their customers.” The two-percent tax will go to combat the budget shortfalls for Roanoke City Schools. The campaign still [...]

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SEC statement on Supreme Court decision Sarbanes-Oxley Act

Monday, June 28, 2010

Washington, D.C., June 28, 2010 — Today the Supreme Court issued its decision in Free Enterprise Fund and Beckstead and Watts, LLP v. Public Company Accounting Oversight Board and United States of America. In its decision, the Supreme Court held that the restriction on removal of Board members under the Sarbanes-Oxley Act of 2002 violates [...]

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Wall Street Reform Bill – exemptions opposed

Wednesday, June 23, 2010

Washington, DC – Following a meeting of the CFTC-SEC Joint Advisory Committee on Emerging Regulatory Issues, Commodity Futures Trading Commission Chairman Gary Gensler today commented on the status of the Wall Street Transparency and Accountability Act of 2010. Commenting on the Wall Street reform bill that is currently in conference committee, Chairman Gensler said: “The [...]

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There will be no vendor carts in the downtown district

Tuesday, June 22, 2010

There will be no vendor carts in the downtown district

Monday evening’s public hearing and council motion on the “cart path of least residence” put speakers at ease. The vote came down 5-2 with Mayor David Bowers and Vice-Mayor Sherman Lea voting “no.” Vendor carts will only be allowed at greenways and parks. The most popular spots are likely to be at Carilion Medical Center [...]

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A “Dirty Dancing” film sequel would get a tax deduction

Tuesday, June 15, 2010

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Governor Bob McDonnell Monday officially signed two bills: SB257,  and HB861 designed to recruit the production of television, film, documentaries and interactive digital media to Virginia.  McDonnell also highlighted a budget amendment he requested during the 2010 session which increases funding to the Governor’s Motion Picture Opportunity Fund from $200,000 to $2 million for FY 2011. [...]

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Stricter laws put the skids on eminent domain for RRHA

Tuesday, June 8, 2010

Stricter laws put the skids on eminent domain for RRHA

The South Jefferson Redevelopment Plan is being amended effective June 30, 2010. The amendment is a reworked 5-year plan that will accommodate Virginia’s newer property rights laws. Council will vote on the amendment at its June 21 meeting. The Roanoke Redevelopment and Housing Authority has no plans to initiate future eminent domain proceedings. In April [...]

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City council public hearings stack up before new council takes office

Tuesday, June 8, 2010

City council public hearings stack up before new council takes office

The last council meeting on June 21 is looking like a late night for the outgoing council members Gwen Mason and Rupert Cutler. Four hanging chads are yet to be decided before Ray Ferris, Bill Bestpitch and incumbent Dave Trinkle take office July 1. Public hearings for the 7:00 p.m. meeting on June 21 include: [...]

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Virginia Tech-Carilion School of Medicine will pay some real estate taxes

Monday, June 7, 2010

Negotiations between city finance personnel and Carilion Clinic have given birth to an arrangement that yields fractional real estate tax revenue for the city. The negotiated agreement will have Carilion, through its subsidiary Carilion Clinic Physicians, LLC pay one-sixth of the taxes on the building and the full tax amount on the land. Carilion has [...]

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Stock market circuit breakers can’t come soon enough

Saturday, June 5, 2010

Stock market circuit breakers can't come soon enough

The Securities and Exchange Commission promised to get moving on a uniform proposal that would keep computers (HAL 9000) from destroying the stock market. On May 6 the DOW plunged 1000 points in 10 minutes. There are at lest 50 separate exchanges involved. Your stock order could be executed at any one of them to [...]

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