November 20, 2009

College of William & Mary increases tuition

The College of William and Mary is increasing tuition by $300 for the spring semester

Mortgage delinquency rate rises in Virginia

The delinquency rate for mortgage loans on residential properties in Virginia stood at 7.7 percent at the end of the third quarter, up from 6.9 percent in the previous quarter, according to the Mortgage Bankers Association.

Virginia tax collections reflect struggling economy

Virginians are taking home less pay, spending less in stores and still are getting hit on their investments, new state tax-collection statistics show

November 19, 2009

Virginia facing $3.5 billion shortfall in next budget

The next two-year budget is expected to fall approximately $600 million short in revenues and include about $2.9 billion in additional spending, according to analysts for the Senate Finance Committee

November 17, 2009

Virginia could see a nearly $3 billion shortfall in next 2 years

The grim forecast for the next state budget comes on top of $5.6 billion in reductions to the current two-year state budget and continued revenue declines in a poor economy

November 16, 2009

Red Cross sells pieces of history to cut deficit

For the past two years, the charity whose core mission is disaster relief has been working feverishly to erase a $209 million operating deficit - a shortfall that now stands at $33.5 million

Pulaski YMCA facing money problems

The Hensel Eckman YMCA in Pulaski is experiencing some financial problems and trying to raise $30,000 by the end of the year.

Economy in Crisis: Businesses cut inventories for 13th straight month

The Commerce Department said Monday that businesses reduced inventories 0.4 percent in September. That's slightly better than the 0.7 percent drop economists expected.

Recession intensifies GenX discontent at work

They're antsy and edgy, tired of waiting for promotion opportunities at work as their elders put off retirement

November 13, 2009

Virginia Community College Board hikes tuition

The unusual, midyear tuition increase approved yesterday by the State Board for Community Colleges will add about $22 to the cost of a class and generate $10.7 million in revenue

Mother of 4 beating bad economy by turning passion into profits

It all began in December of 2008 for Rachel Ellis. Her life changed when her husband was laid off from his construction job.

Virginia’s October tax collections continue two-year decline

Revenues that pay for core programs such as public safety and schools were down by 8 percent last month compared with October of 2008

November 11, 2009

U.S. has 6.1 unemployed workers for each job

There are some pockets of hiring as demand for information technology and sales professionals grows, according to government reports

November 10, 2009

Sen. Chris Dodd circulates financial overhaul bill

Dodd's 1,100 page-draft, inspired by last year's financial meltdown and President Barack Obama's call for new financial regulations, is aimed at minimizing "economic turmoil and protect(ing) the interest of taxpayers."

Feds mortgage relief program reaches 1 in 5 borrowers

As of the end of October, more than 650,000 borrowers, or 20 percent of those eligible, have signed up for trials lasting up to five months

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