Archive: October 5, 2008 - October 11, 2008

The Weekend Movie: "The American Ruling Class"

On Thursday we wrote that the worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism. Today, courtesy of SnagFilms, we take a satirical look at the folks who presided over that system. SnagFilms is a startup backed by Washington Capitals majority owner Ted Leonsis and others;...

By Dan Beyers | October 10, 2008; 5:00 PM ET | Comments (0)

GeoEye's Eye On .... Kutztown

GeoEye, the Dulles provider of satellite and aerial imagery, has been boasting that its latest eye in the sky is "the world's highest resolution and most accurate commercial imaging satellite." Now it offers proof, with the first image it said it collected from GeoEye-1 since the bird was launched...

By Dan Beyers | October 10, 2008; 3:00 PM ET | Comments (11)

Vital Signs: Examining Our Health Data

Vital Signs is our blog-in-a-blog on the Washington area's biotech and health care scene. By Kendra Marr Ever wonder who sorts through all the data that powers your all-knowing health insurance company? Samuel A. McKinney did. McKinney was surprised to find a concerned letter from Blue Cross Blue Shield in...

By Dan Beyers | October 10, 2008; 1:00 PM ET | Comments (0)

Vital Signs: The Weekly Roundup

Here's your weekly dose of Washington area biotech and health care news, by biotech reporter Kendra Marr: *CEL-SCI Corp. of Vienna opened its $22 million manufacturing facility on Oct. 8. The new facility, located in Elkridge, will make the company's lead drug Multikine, which harnesses the body's immune system to...

By Dan Beyers | October 10, 2008; 1:00 PM ET | Comments (0)

Were They Or Weren't They?

Staff writer Zachary A. Goldfarb reports on the interesting contortions federal regulators went through to describe the capital condition of mortgage finance giants Fannie Mae and Freddie Mac just before they were taken over by the government. Here's his full story; you decide if there aren't some contradictions here: By...

By Dan Beyers | October 10, 2008; 8:51 AM ET | Comments (0)

Early Briefing: Turning Up The Heat

Stuart and Nancy Thompson thought they were getting a deal on a big home priced at $370,000. But it was never built, and they are paying $700 a month for a $100,000 loan. (By Lois Raimondo -- The Washington Post) They promised to deliver brick-front colonials in a sparkling...

By Dan Beyers | October 10, 2008; 8:36 AM ET | Comments (0)

La Plaza: At The Corner of Madison Ave. & K St.

Welcome to Alejandro Lazo's weekly blog-within-a-blog on the region's Latino business community. By Alejandro Lazo Among Georgetown's boutique retail shops, architectural firms and upscale restaurants reside the offices of ElevaciĆ³n, a Hispanic advertising shop that has straddled the worlds of business, politics and policy since 2002. Founders Jim H. Learned,...

By Dan Beyers | October 9, 2008; 1:15 PM ET | Comments (1)

Early Briefing: The Latest Campaign Punching Bags

That would be Fannie Mae and Freddie Mac. Staff writer Zachary A. Goldfarb tries to sort out fact from fiction in the recent campaign statements about the mortgage finance giants by Republican presidential nominee Sen. John McCain (Ariz.) and his Democratic rival Sen. Barack Obama (Ill.). Neither candidate seemed all...

By Dan Beyers | October 9, 2008; 8:19 AM ET | Comments (0)

First The Markets, Then The Restaurants?

Our Food section today writes about the state of the local restaurant industry, which is worried about the current downturn. Here's its report: At Jaleo and other restaurants, sales were slow during the presidential debate but have remained otherwise stable. (By Susan Biddle -- The Washington Post) September historically is...

By Dan Beyers | October 8, 2008; 9:00 AM ET | Comments (1)

Early Briefing: Va. Power Line Approved

State regulators approved Dominion Virginia Power's proposal Wednesday to build a 65-mile transmission line through rural Northern Virginia, saying that the project is critical to delivering electricity to the power-hungry region and avoiding widespread blackouts. The three-judge Virginia State Corporation Commission, whose members are selected by the General Assembly to...

By Dan Beyers | October 8, 2008; 6:23 AM ET | Comments (0)

Value Added: Federal Capital's $230 Million Fund

Here's Tom Heath's latest column on Washington's business community: Talk about sailing against the prevailing winds! Esko Korhonen and his partners at Federal Capital Partners recently raised $230 million in a real estate private equity fund that will invest in Washington region office, retail and residential properties. Esko I. Korhonen,...

By Dan Beyers | October 7, 2008; 6:30 PM ET | Comments (5)

Early Briefing: Who Gets Wachovia?

Wachovia, Wells Fargo and Citigroup have suspended their courtroom squabbles until noon today to try to negotiate a settlement of Wachovia's future -- a future that will determine the shape of Washington's largest bank. The sides agreed to the truce under pressure from the Federal Reserve, which is eager for...

By Dan Beyers | October 7, 2008; 6:56 AM ET | Comments (6)

Early Briefing: Assembling A New Mortgage Team

Staff writer Zachary Goldfarb takes a look at the changes underway inside mortgage finance giants Fannie Mae and Freddie Mac today, and reports on the haste in which the government installed new leadership: New Fannie Mae CEO Herbert M. Allison Jr., left, and his counterpart at Freddie Mac, David Moffett,...

By Dan Beyers | October 6, 2008; 8:43 AM ET | Comments (2)

 
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