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NewsFeeds 9.9.09

Richmond BizSense September 9, 2009 0

God’s Deflation (Style Weekly)
Traditionally, churches have fared reasonably well during economic downturns, but the severity of this recession is challenging the notion that congregations are beyond reproach during financial turbulence. In particular, the emergence of megachurches during the last two decades and their growing economic reach — many operate full-service day care centers, schools and retail shops such as coffee houses and book stores — means many face the same financial challenges that confront the retail sector.

Virginia to lay off nearly 600, Kaine says (Times-Dispatch)
Nearly 600 state employees will lose their jobs in the latest round of recession-driven spending cuts that Gov. Timothy M. Kaine announced yesterday. Those who survive the ax will be furloughed for a day and take a hit on their state-funded pension next year.

A tough schooling: 127 plaintiffs dismissed in waterfront land suit (Virginia Lawyers Weekly)
A large group of Virginia investors has lost its bid to sue seven banks in a federal mortgage fraud lawsuit. The 127 plaintiffs, many of whom were educators in Fairfax, claimed they were defrauded into buying overpriced real estate in coastal Carolina.

Chains bump local eateries (Virginia Gazette)
Editor’s Pick. Two longtime local restaurant owners are upset that their signage on Interstate 64 and Route 199 is being put at risk by newer chain competitors.

State budget to force more cuts at UVa (Daily Progress)
University of Virginia officials will continue hiring freezes and cost-cutting measures in response to an 8 percent decrease in state funds announced as part of Gov. Timothy M. Kaine’s more than $1 billion in budget cuts.

Bankruptcy filings up 22% in August vs. last year (USA Today)
From January to August, national bankruptcy filings reached 954,911, up from 703,732 in the same period of 2008, according to Automated Access to Court Electronic Records. In August, filings were up 22% compared with August 2008.

Welcome to Yahoo! U (Slate)
Students starting school this year may be part of the last generation for which “going to college” means packing up, getting a dorm room, and listening to tenured professors. Undergraduate education is on the verge of a radical reordering. Colleges, like newspapers, will be torn apart by new ways of sharing information enabled by the Internet. The business model that sustained private U.S. colleges can’t survive.

Great No-Cost Software (Inc.)
Free is a lovely word; unfortunately, it’s often followed by a disappointing product. We have found 10 great free apps that will help you run your business. Some are so good, you might even be willing to (shudder) spend money on them.

Six Green Consumer Myths (BNET)
A new study shows the eco-shoppers are most concerned with one thing — and it’s not the environment.

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