Va. Beach offers $160,000 to keep abrasives plant, 140 jobs (Virginian-Pilot)
Virginia Beach officials voted Tuesday to give $160,000 in economic development funds to Hermes Abrasives Ltd. in a bid to persuade the firm to remain in the city.
Hate Wall Street. Love Wall Street. (Slate)
If Americans dislike and distrust Wall Street as much as they claim they do, why do they keep pouring money into the markets, even after having been burned by a series of crashes? This is a rarely discussed puzzle of the crash. The press is filled with calls for the burning and flaying of Wall Streeters (or, well, the cutting of their salaries, which to any self-respecting trader or banker amounts to much the same thing), and yet investors have not taken their money away from the miscreants who are supposed to have brought them to this terrible impasse.
Federal Reserve edges away from crisis measures (Washington Post)
The Federal Reserve said Wednesday that it will shut down some of the emergency triage measures it put in place at the height of the financial crisis but will leave interest rates near zero out of continuing concern about the weak U.S. economy.
How to Turn Around a Demoralized, Underperforming Group (BNET)
Regardless of the shape of our economy, sometimes entire departments, divisions, or groups can become demoralized, unproductive, and ineffective. In my experience, it comes down to this: in every company, there are unloved groups that, for a variety of reasons, get the shaft. This phenomenon is usually the result of some combination of five factors.
Position Yourself for Real Growth (Entrepreneur)
6 tips to help you get beyond cutting costs, and start building your business.
