Sebelius not interested in Obama’s Commerce opening

— Gov. Kathleen Sebelius said Monday she is not interested in becoming secretary of Commerce as President-elect Barack Obama searches for a new appointee.
Some national news organizations mentioned Sebelius as a possible replacement for New Mexico Gov. Bill Richardson, who withdrew because of a federal investigation into how some of his political donors received a lucrative state contract. Richardson has denied any wrongdoing but said the probe Read the rest of this entry »

December 27, 2008 | , , , ,
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Los Angeles-area small-business lender receives cash infusion

The Merrill Lynch funds are meant for microloans of $5,000 to $50,000, he said. Half the $1 million has already been tapped for loans. Merrill Lynch also gave the center a $50,000 grant to create a streamlined, computer-based loan approval process it hopes other microlenders can copy. The money will also pay for a new loan officer in the center's downtown L.A. office.
In addition to running its own loan funds, which are often set up by banks or Read the rest of this entry »

December 22, 2008 | , , , , , , ,
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Online Journalism: Donations Accepted

Amid traditional media's bloodletting, nonprofit news outfits like Spot.Us are experimenting with community-funded journalism on the Web
The news business is in disarray. Thousands of journalists have been left jobless by deep cuts at
), Gannett (
), Viacom (
), and other large media properties. Small newspapers and trade publications around the country are shutting down operations, and many that survive have eliminated bureaus, reduced Read the rest of this entry »

December 21, 2008 | , , ,
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Miserly old man learns meaning of Christmas

Charles Dickens created Ebenezer Scrooge as the ultimate Christmas hater. Scrooge has come to symbolize the "leave me alone" sentiment that won't let Christmas into their lives. That is the essence of his hard-bitten retort to the two men who come to Scrooge to gather aid for the poor.
"It's not my business," Scrooge says. "It's enough for a man to understand his own business, and not to interfere with other people's."
But in fact Christmas is Read the rest of this entry »

December 15, 2008 | , , ,
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Crisco to be NC commerce secretary The Business Journal of the …

Gov.-elect Beverly Perdue on Monday named Asheboro businessman Keith Crisco as her choice for state Secretary of Commerce.
Since 1986, Crisco has served as president and chairman of Asheboro Elastics Corp. Prior to that, he worked as president of Stedman Elastics in Asheboro.
Crisco, 65, received his MBA from Harvard, and he has served for 16 years on the board of Randolph Community College.
“Each of the leaders who joined my administration Read the rest of this entry »

December 13, 2008 | , , , ,
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Cal Poly alum markets environmentally friendly shirts

Freshly out of Cal Poly in 2003 with a degree in business finance, Peter Imai faced a challenge familiar to many new alumni upon entering the job market: how was he going to put his new credential to work?
“Like many people, I wasn’t sure what I wanted to do,” said Imai. “I didn’t want a corporate finance job, and I found that entrepreneurial work was more my thing.”
After a few years in real estate, Imai joined Read the rest of this entry »

December 12, 2008 | , , , , ,
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How to end a 'decade of neglect' in US-Latin America relations

Has this been a good decade for Latin America?
It started horribly and then improved. It was good after the commodities boom began in 2003 until it ended a few months ago. As with past booms, people thought it would last forever. I gave a speech in Chile in July at which the speaker before me predicted oil would end the year at $250 a barrel. The notion that prices would stay high and prosperity remain unstoppable was silly. What people didn't understand Read the rest of this entry »

December 10, 2008 | , , , ,
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Rational decision making? Don't bet on it

Rational decision making? Don't bet on it
Last week the New York Times released its list of "100 notable" books of 2008.
Two North Carolina books made the list.
If you keep up with North Carolina literature (or if you are a regular reader of this column), you might guess that one of these books is Tony Earley's novel "The Blue Star," the sequel to the acclaimed "Jim the Boy." These two novels set in the North Carolina foothills during the time Read the rest of this entry »

December 9, 2008 | , ,
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Business Notes

Manager named: KeyBank has named Bob Reineke to manage the branch at 310 S. Third St. in Harrisburg. He will manage the consumer and business banking service delivery at the branch, and is accountable for the branch’s revenue, expense management and profitability. Prior to joining KeyBank, Reineke worked as an investment representative with Edward Jones and as a loan officer with Infinity Lending Solutions, both in Eugene. He graduated from Read the rest of this entry »

December 9, 2008 | ,
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Wait. Why Is the FTC After Whole Foods?

need to take their continuing legal spat out of the courtroom and into the grocery store.
That’s right. Pack up the legal briefs. Grab a cab. There’s a
on L Street about a mile north of the F.T.C. headquarters in Washington.
A field trip is in order because the reasoning behind the F.T.C.’s efforts to stop a merger between Whole Foods Market and a smaller competitor, Wild Oats Market, has been undercut by marketplace realities.
Read the rest of this entry »

December 7, 2008 | , , ,
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