Macro Sea: Urban Renewal and Greening Ideas

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David Belt, a successful developer and construction consultant and manager, is interested in urban renewal and the greening of America.  He created a stir when he created do-it –yourself swimming pools made from dumpsters.  In another project, Glassphemy, Belt and his team of architects endeavored to make recycling more exciting.  This project allowed participants to… Read more »

Bank of America CEO: Sorry no Raise.

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Bank of America Corp. is not giving its top executive a raise for 2011, unlike some rivals in the financial services industry. Over the past year, the nation’s largest bank by assets saw its stock fall 11 percent. While President and CEO Brian Moynihan didn’t receive a raise in his base salary or any cash-settled… Read more »

More BP back in the News

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The U.S. Federal Energy Regulatory Commission (FERC) and the U.S. Commodity Futures Trading Commission (CFTC) are currently investigating several BP entities regarding trading in the next-day natural gas market at Houston Ship Channel during October and November 2008. The FERC’s enforcing body is now mulling whether to pursue charges against BP, which was prosecuted on… Read more »

BP and Dividends: What’s going on?

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BP’s decision to issue $1.25 billion in dividend payments rankled Gulf Coast residents Tuesday who saw it as another sign the company wants to move on even though many are still suffering from last year’s massive oil spill in the Gulf of Mexico. At issue is the fact that none of the 91,000 claims funneled… Read more »

Healthcare Turf

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Walgreens (WAG), the country’s largest drugstore chain, is poised to expand even further into healthcare. At Walgreens’ annual shareholder conference, company officials talked about a new educational program for patients with chronic and complex diseases, and even mentioned the possibility of a Walgreens role in the emerging accountable care organizations. Until recently, most retail clinics… Read more »

The Avandia Disaster

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GlaxoSmithKline (GSK)’s $3.4 billion legal charge on the diabetes drug Avandia probably isn’t the last of the costs the company will record against this drug. That means Avandia will probably be a lossmaker for GSK, proving that former CEO Jean-Pierre Garnier 1999 failure to follow up on worries about heart attack deaths associated with Avandia… Read more »

Is it the End for Borders’ Books?

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Borders (BGP), the second largest bookstore chain in the country, may soon be nothing more than a memory. But the big question is: who’s going to pick up the business?  Borders had five rounds of layoffs in 2010 and began 2011 with the departure of five top executives, including the CIO and general counsel. It… Read more »

Lawsuit Loans

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The business of lending to plaintiffs in court cases arose over the last decade as part of a trend in which banks, hedge funds and private investors are putting money into other people’s lawsuits. But the industry, which now lends plaintiffs more than $100 million a year, remains unregulated in most states, free to ignore… Read more »

The Accountant Did It

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A 43-year-old CPA who volunteered to do the books for the Libertyville Boys Club turned himself in after $66,700 of the not-for profit group’s youth football program funds were missing. Jacobsen had been volunteering his services to the club since February 2009 as the treasurer of the club based at Butler Lake Park, Illinois. Libertyville… Read more »

Tax Refunds on Debit Cards

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A new pilot program for low-income Americans could allow individuals to get their tax refunds on prepaid debit cards. The government said it will offer 600,000 low- and medium-income taxpayers the chance to put their tax refunds on prepaid debit cards. Half the 600,000 offers from Treasury will carry a $4.95 monthly fee, while the rest… Read more »