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Boy do I hope he's wrong.
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Scary paragraph in the story:
"Housing starts unexpectedly slid 13 percent to an annual rate of 458,000, led by a 46 percent tumble in multifamily starts, which tend to be more volatile, Commerce Department figures showed in Washington. Building permits, a sign of future construction, fell 3.3 percent to a record low of 494,000." -
Beware the coffee maker. A defective coffee maker started a fire that caused $40k in damage to a second story apartment on Konnoak Drive.
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Two firms I did a lot of work with during my days at SCIP are teaming up. Ken Sawka and his OI crew are working with David Kalinowski, Gary Maag and the rest of the folks at Proactive. That's a lot of fire power.
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Michael Lewis's review of this biography on Warren Buffett is quite possibly the best book review I've ever read.
Category Archives: Uncategorized
links for 2009-05-19
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I love Smitty's Notes, and Smitty ain't too bad either. I've had the pleasure of meeting with Smitty on a couple of occasions and I consider him a local treasure. That's why I think it's a HUGE honor to be…
links for 2009-05-18
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Nice article about the Davie County Enterprise Record and the Clemmons Courier. Article is part of a series about local weekly newspapers that are thriving in NC.
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Money quote: "The report found that overall costs for dealing with insurance plans is $31 billion a year, and 6.9 percent of all U.S. expenditures for physician and clinical services."
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Kotis is going to spend $20 million to take an old factory they've owned for 10 years and turn it into a mixed use building. Article says they're teaming up with an out-of-town multi-family developer for the residential part.
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Mark Cuban hits the nail on the head re. Twitters commercial applicability.
links for 2009-05-13
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CNBC piece about homeowners renting out their homes until economy recovers.
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Raleigh News & Observer's articles on Gov. Easley's friends and family deals.
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A book I'd love to read about education reform.
links for 2009-05-12
links for 2009-05-06
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Guilford County Planning Board procedures, schedule, etc.
How Times Have Changed for Counties in NC
There's a cool graph at the Institute for Emerging Issues that shows changes in North Carolina counties from 1970 through 2030. The categories are population, population density and per capita income. What's really cool about the graph is that you can set it to play and it shows you how each county has changed in relation to the others over time. So you can see that a handful of "urban" counties were pretty much clustered together in terms of population in 1970, with Mecklenburg having 350,000 residents, Guilford 290,000, Wake 230,000, Forsyth 220,000 and Cumberland 210,000. Then in the 80s and 90s Mecklenburg and Wake literally exploded in population and that trend is expected to continue so that by 2030 Mecklenburg will have 1.39 million people and Wake will have 1.46 million people. Compare that to 590,000 for Guilford and 440,000 for Forsyth and I'd say we'll be living in a bucolic paradise by comparison.
- Mecklenburg $4,300
- Forsyth $4,200
- Guilford $4,100
- Wake $4,000
- Cumberland $3,200
and compare that to today:
- Mecklenburg $48,600
- Wake $43,200
- Forsyth $38,500
- Guilford $38,500
- Cumberland $36,700
and 2030:
- Mecklenburg $77,200
- Wake $66,700
- Cumberland $61,100
- Guilford $58,100
- Forsyth $56,800
Things don't seem to be trending well for Forsyth, huh? Actually that's kind of simplistic thinking because you also have to take into account cost of living and I suspect that if Mecklendburg and Wake have almost 1.5 million residents apiece the cost of living there will be sky high. Of course that helps explain why the income for some smaller population counties like Orange and Chatham are expected to be higher than the counties like Guilford and Forsyth; work in Wake but commute from a more sedate county like Chatham (sedate being a relative term). Huh, sounds a lot like the Northern Virginia I left five years ago.
Headline of the Month Goes to WXII.com
The following headline appeared on WXII.com on December 27, 2008:
NC Man Turns Himself In After Beating Death
Personally, if I'd just beaten death I'd have gone out celebrating.
Sponsor JonLowder.com
There’s no simpler way to reach the most influential people in Forsyth County than sponsoring JonLowder.com. You can email me for details or connect with me at any of my online hangouts:
College Student Beats Old Incumbent for County Treasurer
A Dartmouth College junior and Democrat beat a 68-year old Republican incumbent to be treasurer of Grafton County, N.H. One deciding factor? A $51 ad on Facebook.
The defeated incumbent ain't happy and called the college kid a "teenybopper" and said she'd only won because "brainwashed college kids" had voted for the Democratic ticket. The college kid's reply: "I took advantage of new media, and she did not."
Hat tip to Ed Cone for the lead.