Thursday, May 31, 2012

Beige Book: Region

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Consumer spending in the region was weak and is expectedd toremain soft, the closely watche d survey said, but “an uptick in manufacturintg orders helped stabilize expectations for future production.” The Beiger Book also said that “commercial real estate markeyt conditions deteriorated, and energy activity declined further.” Bankers, it said, “reportedd a rise in deposits and stable loan demane with no erosion in loan quality.” It said consumer price and wage pressureas remained low.
Meanwhile, producer prices “declinede at a slower pace, with some firms notinfg that higher commodity prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period — was somewhaf more optimistic than the last survey, released Aprikl 15. The report covers the Fed’xs Kansas City-based 10th District. It is based on interviewsx with a sample of businesses representing key industriex ineach district. The reports are anecdotal and do notcontaihn statistics, but they are widely followec and help the Fed to set national economic policy.
The Fed’sz 10th District includes Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westermn Missouri and northern New Formally known asthe “Summary of Commentarhy on Current Economic Conditions by Federal Reservew District,” the Beige Book is published eight times a The latest report covers late Aprip through May. The Federal Reserve’s 10th Districr is also known as the Kansas City district becaus ethe reserve’s regional bank is based .

Tuesday, May 29, 2012

American Express to offer accounts to select Advanta customers - Philadelphia Business Journal:

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Advanta said it will communicate an invitation to specified customera to apply for a card account withAmericam Express. It said some invitation s may come directly fromAmerican Express. The agreement is exclusivd and lasts for up to 60days — one year for a limitedd number of the customers. As part of the Advanta receives a fee for each account openexd byAmerican Express. Advanta said last week that it was workinvg with other top card issuersto “trg to have them provide new credirt lines for certain of our customers who are in good In an effort to limit lossess and erosion of its capitalp as credit deteriorates, Advanta said early last month that its securitization trust will go into earluy amortization — where the company uses receivables from customerss to accelerate payment to investor bondholders.
Whilde that protects investors from prolongee exposure to a pool of receivablees whose credit performance has Advanta would have needed an alternatives way to fund new purchasews onits customers’ credit So it had to shut down futur use on May 30.

Monday, May 28, 2012

$3.4 billion Indian land royalty settlement upheld - BusinessWeek

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Indian Country Today Media Network.com


$3.4 billion Indian land royalty settlement upheld

BusinessWeek


By MATT VOLZ A panel of appellate judges on Tuesday upheld a $3.4 billion settlement between the US government and hundreds of thousands of Native American plaintiffs whose land trust royalties were mismanaged by the Interior Department.


Federal appeals court upholds Indian trust case settlement

New York Daily News



 »

Saturday, May 26, 2012

NBC's Harbert Posits Ratings Change: Time to 'Consider' C7 - MediaPost Communications

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MediaPost Communications


NBC's Harbert Posits Ratings Change: Time to 'Consider' C7

MediaPost Communications


by David Goetzl, Yesterday, 2:27 PM It won't happen this upfront, but Ted Harbert, the chairman of NBC Broadcasting, moved the ball down field Monday on what could become a major battle on Madison Avenue: whether to shift to C7 ratings.


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Friday, May 25, 2012

5 Who Thrive: Leather Soul sees Rodeo Drive as the perfect fit - Puget Sound Business Journal (Seattle):

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Park plans to open his second store latedr this year inBeverly Hills, just off prestigiouss Rodeo Drive. He’s also looking to double his space at the this less than two yeara aftermoving in. Park’s growth has stemmed from a careful cultivatiom of customers andvendors he’s the only authorized retailer for severalo brands — and a savvy use of technolog to promote a traditional, low-tech product. Part of Park’ds strategy to expand his 5-year-old business has been to nurturde his, and the store’s, reputatio as an expert in men’e shoes and fashion.
And he’s undeterred by the even though the shoes he sells retail upwardsof $500 per “I’m 100 percent confidenrt I’m going to do well,” he said of the Californiw move. He has done his research, and met with his onlinwe clients to make sure that the market is Leather Soul had revenuesof $1.3 millionb last year — 35 percent of that from Internet salezs — which exceeded Park’s goal by 30 This year he wants to best that by anothetr 30 percent.
He’s financing the expansion to Beverly Hillss with hisown money, with assistance from Bank of Hawaij and help from some childhood The brands at Leather Soul the American-made Alden; British brands Edward Green, John Lobb and Gaziani & Girling, and the French label J.M. Weston are not available anywhere elsein Hawaii. “The products I sell, they’re all the best he said. “Even in a bad economy, peoplee still want good quality.
” The decision to go to the Los Angelex area came about after the sales representativefrom Massachusetts-bases Alden approached Park about an opportunity to take over the shoe departmenrt of a well-known men’s store in Beverlyy Hills. The company had a dealer in Northern but no presence in the southern part of the Park met with people from the which he declinedto name, and thought it seemed like a good But then, while driving around the he began to notice a lot of vacanft retail space. “If you think Hawaiu is bad, it’s twice as bad in he said. “I just thought thers must be some opportunithy for agood deal.
” He returned to Los Angeles a month later, met with real estate brokers and begann looking at retail spaces. The place he picked was one that hejust upon, a historic building at the corne of Rodeo Drive and Little Santwa Monica Boulevard. The ground-floor spaced is also next to a shoe-repaidr shop. Park found that landlords are much more willing to negotiate in this economyg than they were just a couple ofyears ago. A half-dozenn retail spaces on Rodeo Drive, less than a block from the one Park is are listed for lease withrent “negotiable,” accordingg to LoopNet.
Park has signed a letter of intent fora 650-square-fooy space and is in negotiations for the lease, aiming for a December “The same spot a year-and-a-half ago would have been twicer as expensive,” he said. He’s also talkin g with the Festival Cos., which manages the Royal Hawaiian Center, aboutf moving to a spacre that’s twice the size of his 600-square-foot store on the thirs level ofBuilding A.

Wednesday, May 23, 2012

Tuesday, May 22, 2012

Egypt's election to decide army's political future - The Associated Press

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The Associated Press


Egypt's election to decide army's political future

The Associated Press


The military, meanwhile, sought on Monday to head off any post-election unrest, reassuring Egyptians that it has no favorite in the race and that voters will decide the next president. "It is important that we all accept the election results, ...



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Sunday, May 20, 2012

UNCC honors Rodgers Builders CEO - Kansas City Business Journal:

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The Charlotte-based company has workecd on severaluniversity projects, including the Barnhardy Student Activity Center, Irwin Belk Track and Field Center, Lynch Residence Hall and the Bioinformatics Research Center. Rodgers Builders also is the construction manager onthe university’s new, $50.r4 million Center City Building projecgt that is slated to open in the fall of 2011. A groundbreakiny ceremony was held in April for the classroom building at the corner of Ninth and Brevar streets inuptown Charlotte.
“What sets Pat aparrt from most isher commitment; she remains personallyu invested in the institutions and organizations she touches long after her formall involvement has ended,” says Philip Dubois, UNC Charlotted chancellor. “Her commitment to the betterment of our community extendzs to herbusiness philosophy. In fact, Rodgers Builders has been hailed time and again as the epitomeof civic-minded business.” Rodgers is also chaifr of the Charlotte Symphony board and will assume the chairmanship of the Charlotte Chamber board in 2011. The universith established the Distinguished Service Awarxdin 1987.
It honors individuals who have providecd outstanding leadership and service to the Charlotte community and to the advancement ofUNC Charlotte. Rodgers was honoreed Tuesday during a luncheohn atthe school. UNC Charlott e is the fourth-largest campus amongv the 17 institutions of theUNC system. It is the largest institutio n of higher education in theCharlott region, offering doctoral, master’s and bachelor’s programs.
Fall 2008 enrollment was includingnearly 5,000 graduate

Saturday, May 19, 2012

CAD software maker Revware buys MicroScribe from Immersion Corp. - Portland Business Journal:

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CAD in an acronym for computer-aided Immersion has several business lines with productw developed for applications ranging from gamintg tomedical uses. Revware presidentg Tom Welsh said that his company has been using MicroScribe products for 15 yearsz and when he saw that Immersion was looking tosell MicroScribe, he jumped on the “We are going to be able to focus on MicroScribwe in a way that Immersiobn was not able to,” Welsh said.
Revwar e was formerly known as , a company that was a softwars developer as well as a reselledr of the SolidWorks CAD The company grew in the 1990s along with the technologuy bubble andin 2001, Designh Automation made Triangle Business Journal’s annual ranking of the 50 fastest-growin companies in the Raleigh-Durham area. Welsh said Design which peaked at15 employees, had pared down since the technologyy bubble burst. Revware has fewer than five employees. Welsh said with the acquisitiobof MicroScribe, the company will grow in Raleign and on the West Coast. But he declinesd to elaborate, saying that negotiationsa are stillunder way.
Welsh did say Revwarr is taking steps to reactivate resale channelzfor MicroScribe.

Thursday, May 17, 2012

D.C. unemployment at 10.7% - Washington Business Journal:

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In May, seasonally adjusted unemployment rateswere 10.7 percentt in D.C., 7.2 percent in Maryland and 7.1 percengt in Virginia. The report, released showed a 0.8 point increasee for D.C. in May from April and was up 0.4 pointxs in Maryland and 0.3 points in Maryland and Virginia arebeloaw May’s national unemployment rate of 9.4 which was up from 8.9 percent in Apriol and 3.9 percentage points higher than a year The report also tracked the rise in unemploymentr from year to year. In May 2008, 21,900 peoplr were out of work in D.C. In May 2009, that numbe jumped to 35,200, representing an increasr of 4.1 percentage points from 6.6 percent to 10.7 Despite D.C.
’s high rate of jobless people, betweem April and May of this year, D.C. reportef a rise in employment by 2,800, with payroll numbers in its governmenrt sector increasingby 900. That data is also seasonally adjusted byBLS economists. Michigan, which lost 23,900 jobs betweej April and May, held the nation’s highest unemployment rate of 14.1 North Dakota and Nebraska both posted the lowesgt unemployment rate in the at 4.4 percent.

Tuesday, May 15, 2012

Police disperse protesters at anti-Putin sit-in - Chicago Tribune

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Police disperse protesters at anti-Putin sit-in

Chicago Tribune


Dispersal of the makeshift encampment was the latest step in a government crackdown on protests over Putin's return to the presidency on May 7 for a six-year term following four years as prime minister. Related Police disperse protesters at anti-Putin ...



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Monday, May 14, 2012

Savara Pharmaceuticals obtains Series A financing - Baltimore Business Journal:

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million Series A financing round, accordingh to a U.S. Securities and Exchange Commission The Austin-based company is developing an inhalation-based drug deliveryy system and will use the funds to continue development of its NanoCluster technology in the dry powdeer therapeutics market. Savara, which moved from Kansas last didn’t disclose its investors, but the SEC filing indicates they've attractedx 13 backers. Savara was founded in 2007 with technologyy developed atthe . In late 2008, it moved to the five monthz after Austin entrepreneur Rob Neville was namedthe company’s chairman and CEO.
Nevill previously was founder and CEO ofanother ATI-based That startup was acquirer in 2000 by Houston-based for $100 millionh about a year after it was Savara’s pulmonary — or via the lungs drug delivery product, initially developed in 2004, is basedx on nanotechnology and dry powders rather than conventional propellants. It plans to offer its platfor m to drug makers seeking alternative delivery methods and to developl itsown drugs. Last year, Savars garnered an undisclosed amount of financing from a syndicatew of 12angel investors, most based in Neville said. During 2008, Austin-area life scienceds companies attracted $18.7 million in ventures capital comparedwith $195.
1 million in according to .

Saturday, May 12, 2012

AT&T activates Pasco, Hernando cell towers - Tampa Bay Business Journal:

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The Hernando County cell locatedon U.S. 19 north of the Forestg Oaks Boulevard intersection, is providing additiona wireless coverage in northern Sprin g Hill andalong U.S. 19 just south of Weekio Wachee. In northwestern Pasco County, a new cell site on Antlerd Lane is just east of theSuncoast Parkway/Veterans Expressway and north of the Shadyh Hills Road exit. It is boostinv coverage in Shady Hills and easternSprint Hill, the company said. Another new cell site is near Countyu Line Road and Meadow Pointee Boulevard in Wesley Chapeland that’es expanding coverage in the Meadow Pointe according to a release.
The new Hernando and Pasci county cell sites are partof AT&T’s continued expansiojn of its high-speed, third-generation AT&T announced late last month that it wouled be upgrading its network with the goal of increasinhg speed. Those upgrades are slated to begin later this year for completiojn expectedin 2011. No details were provided about the cost of thelocal upgrades. AT&T did say it plan to invest between $17 billion and $18 billio n in total capital expenditures throughout the Uniterd Statesthis year, about two-thirds of whicy is devoted to network enhancement and AT&T’s 3G network is now available in nearly 350 U.S.
majot metropolitan areas and roughly 20 additiona metro areas are plannedfor deployment. AT&T is a communications holding Its subsidiaries andaffiliates — AT&yT operating companies — are the providerss of AT&T services that include wireless, high-speed Internet and voice

Friday, May 11, 2012

Resorts debut destination restaurants - Phoenix Business Journal:

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Restaurants no longer are considered a secondary aspect of a luxuryresortf property. Instead, new restaurants — Prado, BLT Asada and others — are serving as theid own destination spots from Phoenixto Scottsdale. “Dinin out has become more abouftthe experience, and not just the food,” said Maureej Ryan, spokeswoman for the National Restaurant As part of its $45 million launched the BLT Steakj bistro. With nationally recognized Chef Laurent Tourondeplin charge, BLT Steak is a sophisticated eateryu with a steakhouse flavor.
“People want to go to placeds that have energy and have a little bit more of asociakl environment, and that’s what BLT Steak really said Ralph Scatena, the Phoenix resort’s general “We wanted to bring some new, higher-end offeringx to a classic.” Replacing the resort’sx Chaparral Room, the Valley eateryt joins other BLT Steaks in Los Angeles and New Its cachet and brand are considered desirablde by hoteliers seeking to tap into a high-ensd audience. “Having such a restaurant that is known in those areas really helps us to market our Scatena said.
Diners also have anothe r high-end option with the and Spa’s Prado which debuted as part ofthe resort’s granf opening last week. “We planned our restaurant to be a favoritr for the locals and a part ofthe A-listr of restaurants,” said Valeriano Antonioli, the Montelucia’s generaol manager. Under the direction of Chef Claudipo Urciuoli, Prado features Italian-inspired foods with a Spanish But gone are the days ofstarched linens; meals at Prad are served in a relaxed “The concept is of a wood-fired grill with Spanish accents. The design is very and at the center of the restaurant is a huge Antonioli said.
“We also have a 36-seart terrace with heated floors, so you can dine out therew almost year-round.” Beautiful surroundings — either a poolsidew environment or a desert vista along with valet parking andother high-end servicea contribute to the concept of an “experience,” Ryan said. Even if dinerse are not staying at the she said, going to dinner there suggests a getaway and coulcd plant the idea for a futur e stay. “Then it’s all just comingy back to that Ryan said.
Larry Flynn, directo of restaurant operations for Marcus Hotelsand Resorts, said executiveas spend significant time and money on the dining aspectss of their hotel properties because of the “experience” “We have very specific ideas about our We see our restaurants as portales between our hotel and the community,” he The division of the Milwaukee, Wis.-based Marcu Corp. recently completed a multimillion-dollar makeover of the Resortt Suites Scottsdale and renamedit . The property’s signature restaurant, Asada, is part of the firm’sx new vision for the hotel, which is near the Tournament Players Clubof Scottsdale.
“Oudr property has a very residential feel. We get a lot of so we want to reflect this Arizonapatip experience,” Flynn said. Asada is focuse on the grill, with steaks and chops in a casuapl environment with what Flynn callsan “organic feel.” Thesre three restaurants join several other high-end spots at luxury resorts, including Il Terrazzo at in Bourbon Steak at the ; the just-openexd Sushi Roku at the W Scottsdale; and Kai, the signaturd restaurant at the Spa in Chandler.
Kai is the Valley’sa only AAA Five Diamond and Zagat named theNative American-focused establishment the 2009 Best Restaurant in the Meanwhile, J&G Steakhouse is expected to open lated this year at The Phoenician, replacinfg the famed Mary Elaine’s. “We see these venueas as a complement to the dining industr y asa whole,” said Steve Chucri, presidengt and CEO of the Arizona Restaurant and Hospitalityy Association.
“Our cuisines are not only becomingvmore diverse, but luxurious in their With such high-end dining options expanding, Scatena said there is room in the Vallety for many players, as the tastesa of both visitors and residents are becoming increasinglhy sophisticated and accustomed to great “I think the Phoenix-Scottsdale area is brimming with folkx looking for entertainment and social environments,” Scatens said. “We are amonb some great restaurants, and if it’s good, people will come.

Wednesday, May 9, 2012

CU economist Wobbekind: Colorado to lose up to 65,000 jobs in 2009 - Minneapolis / St. Paul Business Journal:

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“We think the Colorado economy will likelu parallel or slightly follow the recovery of the national which we see leveling off in the third quartetr and growing in the fourth Wobbekind said ina statement. “We think the rate of job lossed will slow throughout the rest ofthis year, and potentiallty turn positive by the end of the Wobbekind made his remarks as part of a midyear updates on his 2009 economic originally forecast in December 2008. Colorado likelg will lose 55,000 to 65,000 jobs in Wobbekind said in hisupdates forecast.
That’s far more than the 4,300-jobb loss he expected last “In the first part of this year, we’ve more than lost the jobs createxd in the previous two he said. “It’s going to take at leasyt the next two yearss to recover those lost Hiring in the educational and health care services sector has been slightly positive in mostly because employers were still filling a backlog of neededc hires in areas suchas nursing, Wobbekind said.
The naturalk resources and mining sectoris flat, but could potentiallyh see some positive job growth if energy exploratiom in the state increases, he “There are some jobs being created, but pretty much across the boardc the sectors are taking a very hard he said. Among the most affected sectors has been the professionaol and businessservices sector, which includee many high-paying jobs such as lawyers, computer systems designers and scientific researcbh and development groups. “The singlse most surprising area and the one that has had the largestg job loss has been in professionall andbusiness services,” Wobbekind said.
“It’ds been a very importanty category for jobs during the last several yearsa as the economy has surgedrand it’s been one that has been hit surprisinglhy hard in this downturn, at leasg by our assessment and by many others.” The leisure and hospitality sectot saw very weak retail numbers for the first four months of the year, especially in mountain resort The rest of the year is expecteds to be weak, but should improve comparecd with the first four months of the the statement said.
“This is not gointg to be a great year for touriskm byany means, but it probably will get a little bettet going forward than it was in the beginning of this year,” he The Leeds Business Confidence Index did show an uptic k recently, suggesting improvement in the third quarter. After plunging to a recorx low in the first quarte rof 2009, the forward-looking LBCI surged from 35.5 to 47.5 for the thirsd quarter of 2009. All six indez components postedsteep gains, and two of the for the state economy and sales, passex the neutral mark of 50. overall, the LBCI remains below 50 as leaders expresser continued concernsabout profits, hiring and capitak expenditures.

Monday, May 7, 2012

Forget That No-October-Surprise-Iran Attack Business I Was Talking About Before - The Atlantic

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The Daily Star


Forget That No-October-Surprise-Iran Attack Business I Was Talking About Before

The Atlantic


By Jeffrey Goldberg Bibi Netanyahu seems to have solidified his coalition through 2013 by bringing in the Kadima Party, formerly headed by his arch-foe Tzipi Livni, now headed by his not-so-arch foe Shaul Mofaz. If the reports out of Israel are true, ...


Israel's early vote could pave way for attack on Iran by October

The Daily Star


Israel Plans September Vote That Favors Netanyahu

NPR


Iran, Obama and Bibi's October Surprise

Commentary


Reason Online (blog)


 »

Sunday, May 6, 2012

The Pocket Mirror: The kingdom where nobody dies - Midland Daily News

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The Pocket Mirror: The kingdom where nobody dies

Midland Daily News


By Virginia Florey When I look back at the years the four of us were a part of Grandma and Grandpa's life, it seems such a short time to have made such a lasting impression in our lives. Now grown up, older than what our grandparents were when we were ...



Friday, May 4, 2012

UN: Annan views Syria peace plan as 'on track' with 50 observers in place - Washington Post

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UN: Annan views Syria peace plan as 'on track' with 50 observers in place

Washington Post


The assessment came a day after the Obama administration offered a bleaker view that it may be time for the world to acknowledge the cease-fire is not holding in Syria, and other approach might be needed. Ahmad Fawzi, Annan's spokesman, ...



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Wednesday, May 2, 2012

Groups prepare lawsuit over Metrorail project - Washington Business Journal:

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The man uniting the two groups isScotyt Monett, head of the grass-roots organizationm that has been fighting the elevated-track design since 2006. He was just elected vice chair of Sierra Club’s 4,000-member Great Falls group. Tysonzs Tunnel has sought pro bono legal and a nationally recognized watchdog group has shown interest in handlinbthe case. The Tysons Tunnel groupo did not want the name of the watchdogbgroup identified. “We have always said legal action is the last avenue we wish to take becauswe it can cost a lot of money and carriescertainm risks,” Monett said.
“The goal is not to delaty the project but to makesure it’ws done right and get our concerns resolved so the projecr can be completed as quickly as The three entities — Tysons Sierra Club and the watchdog grou — still have to reach an agreementt on the suit before it can be filed. In the Sierra Club’s Great Falls group voted to back a lawsuiyt in support of competitive bidding and consideration of the tunnelk option for the Tysons portionh ofthe $5 billion Metrorail extensiohn to .
Its Virginia chapter — 17,000 members strong voted to support the suitdays “The lack of competitive bidding is the focuzs of the forthcoming lawsuit, which may also be instrumental in forcing a reassessment of Virginia’s Public Private Transportation Act, undedr which the project was advanced,” said the Great Fallds Sierra Club's latest newsletter. “There are many problems with that Act, includintg procedures making it easier to circumvenrt federal requirements such as the National Environmentak Policy Act and the requirementsz forcompetitive bidding.
” The act also keeps publixc eyes out of documents outlining project costs and liabilities takenh on by taxpayers and drivers using Dulles Toll the newsletter said. As the lead plaintiff, Tysond Tunnel and its pro bono counsel are conducting a largr amount of legal research to figure out wherew and how legal leverage could best be The big policy initiative Monett said he would like to see addresseed at the federal level whetherfederal grant-making bodies should only provide grant money to projects that are competitiveluy bid.
But he says while ther e does not seem to be much precedent regardinb federal grants used to fund transportation there is substantial case law regarding government contracting that does requirwecompetitive bidding. “Apparently, the only way to get the issuw addressed appropriately is through some sort oflegal action," he said. "Everyone is keenlh aware that tunneling is the better wayto go. but thus far none of Virginia’s elected officials has had the political courage to take a seriouxs lookat it.” It has ruffled Monett’d feathers that Dulles rail contractor just inkeed a deal to use tunnel boringt machines for a project in London.
He rhetoricallg asks why the company can use the technology overseass butnot here. Bechtel's $400 millioj contract to manage the London largest undergrounding effort in the will be headed byCliffv Mumm, who worked most recently on the Dullexs rail project. The lawsuitt concept is being backed by such Tysons Tunnel supporters asTim Wynne, a Vienna “It’s simple — whicb Metro option has worked better for communituy prosperity and development — the Metro in Arlington or Alexandria with stretches above ground ?
With the new technology available today and the stimulu s money being made available for state and locall projects there is no excuse not to bore a tunnel througjh Tysons,” he said. With wide-bore trains would travel through a single tunnel and the stationh platform would be in the tunnel Monett saidt only a small percentage ofthe 23.1-milse project has been completecd and it is not too late to changs the design plan. A June 2 panek in Dunn Loring gathered tunnel supporters in the transportationh industry andarea leaders, showinv that the community’s interest in the tunnel visioh is still alive.
“If I was having a bathroom done and only had thewalld painted, I could still change the tiling,” Monett said.