Election results; NC officials seeking contractors; BofA offers cuts on 200,000 home loans - all on Mike's Desk today

Mike's Desk 5.10.12

Mike's Desk: May 10, 2012
Your One Stop News Source for Real Estate, Local, and Business News!

   LOCAL NEWS: 

City may trim county fire money

Four Guilford County fire districts could face their own budget shortfalls because of the city’s money troubles.More temporary shelter, permanent housing and help for single parents are among areas where Greensboro could improve in helping the homeless, according to results of a survey of the homeless. Read more

Editorial: Smart way ahead

If universities have to cut, they of all organizations should make smart cuts.  Read More.

 

 

Coble wins easily in 'new' district

Veteran Congressman Howard Coble cruised to victory Tuesday in the GOP primary for the 6th U.S. House seat he’s held for 28 years.  Read More

Voters return Brandon, Robinson to general assembly

Voters on Tuesday sent incumbents Gladys Robinson and Marcus Brandon back to the General Assembly for another two years.  Read More     

Wade, Berger, Hardister win GOP primaries

Trudy Wade will be the Republican candidate for N.C. State Senate District 27. The Greensboro City Councilwoman and former Guilford County Commissioner capitalized on her wide name recognition, coming out ahead of political newcomer Justin Conrad and High Point City Councilman Latimer Alexander. Thomasville policeman Sal Leone had to drop out of the race for medical reasons, but still appeared on the ballot. Read more

Editorial: The hottest issue

Voting usually trails off toward the end of the ballot, but not Tuesday.  Read More

Next segment of I-73 critical to PTI

Think of the unfolding plans for Interstate 73 as the Triad’s road map to a prosperous future. Read More

Setbacks aside, biotech has boosted Triad jobs

The recently announced dramatic downsizing at Targacept, one of the Triad’s biggest biotechnology success stories, is a dent in what has proven to be a stable — if not overwhelming — source of jobs in the region in recent years, according to a Business Journal review of employment statistics. Read more.

N.C. officials to begin seeking contractors for $60M project

State transportation officials will begin seeking contractors this summer for an approximately $60 million project to widen High Point Road from Vickrey Chapel Road south of Jamestown to Hilltop Road in Greensboro. Read more

Innovative mirror maker chooses Triad over Charlotte

Look in the mirror. What do you see? Not much, just your own reflection. Read more.

Nussbaum could be nearly full when it opens
The Nussbaum Center for Entrepreneurship expects to have a nearly full house when it completes its long-awaited move out of the Revolution Mill off Yanceyville Street to its new home at the former Carolina Steel facility on South Elm-Eugene. Read more.
Atrium furniture showroom in High Point up for auction

The 221,000-square-foot Atrium on Main furniture showroom complex has been put up for sale by its owner through an auction, according to a listing by real estate auction firm Tranzon. Read more.

Is the Triad ready for the call?

Here’s a nightmare scenario for our regional economy: the next Honda, FedEx or TIMCO comes knocking at our door seeking a site for a new or expanded facility with thousands of jobs … and we’re not ready. “Ummm, yes, we would love to be the location for your aerospace facility, but we can’t because our existing site is not large enough, is not graded, does not have water and sewer available and does not have airfield access. We can have that ready for you in a year to 18 months.” Read more.

 STATE-WIDE NEWS: 

AAA: Operating your car costs 4 cents a mile more

Driving costs in North Carolina accelerated this year to their highest level in more than a decade, zooming far above the national average. Read More

Editorial: Changes ahead

North Carolina voters who want to clean house in Raleigh really don't have that much work to do. Dozens of legislators are already on their way out. Read More

NATIONAL NEWS: 

US consumers stepped up their borrowing in March by biggest 1-month increase in 10 years

Americans swiped their credit cards more often in March and took out more loans to attend school. That drove the biggest one-month increase in U.S. consumer borrowing in a decade. Read more

BofA offers cuts on 200,000 home loans

Read more here: http://www.sacbee.com/2012/05/09/4476219/bofa-offers-cuts-on-200000-home.html#storylink=cp

More than 200,000 letters from Bank of America will begin landing in homeowners' mailboxes this week, the bank said Tuesday, offering principal reduction as part of the $25 billion mortgage settlement announced in February. Read more.


Read more here: http://www.sacbee.com/2012/05/09/4476219/bofa-offers-cuts-on-200000-home.html#storylink=cpy