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June 9, 2009
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This Morning's
GM Shakeup
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Bring Dad to See Mac! Give the perfect Father’s Day gift as John McEnroe and the New York Sportimes take on the Kastles July 16th at Kastles Stadium at CityCenterDC. Use code “FATHER” to receive 15% off individual match tickets at Ticketmaster.com; offer expires June 19th.
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The “New GM” has a new GM—well, new chairman of the board. Hours ago, former AT&T exec Ed Whitacre Jr. was given the spot at the bankrupt automaker, fulfilling Treasury’s request for a revamped board. The gov’t wanted an outsider, and he is; no car experience. Will he be prepared? Of course. Ed was national chairman of the Boy Scouts 1998 to 2000, so he’s always prepared.
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| Are we putting the train before the cart and the horse? Metro is soon going to Tysons, but Reps. Gerry Connolly and Jim Moran are already asking about Centreville, Woodbridge and Ft. Belvoir. They're pushing a bill to study extending the yellow, blue and orange lines, attached to federal transportation legislation currently being drafted. Connolly says the point is to jump-start the discussion: “By the time it’s completed in 2013, the rail to Dulles will have taken 51 years from the first discussion to the first passenger. I don’t want another 51 years before there are more extensions.” |
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| Last night at his book party in McLean, we snapped AEI’s Peter Wallison, right, the prophet who long predicted Fannie Mae and Freddie Mac risk and disaster, here with former Fed Chair Alan Greenspan. Peter says Fannie and Freddie remain central to the residential finance system in the US until there's a substitute system, but “their hundreds of billions in losses should demonstrate to Americans what a mistake it is to rely on them.” |
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| Capital One’s banking subsidiary received $90M through the Treasury Department’s Community Development Financial Institutions Fund. It is one of 32 organizations splitting $1.5 billion in New Markets tax credits to encourage lending and investments in underserved communities. In the past, Capital One used these credits to help finance renovations to a hospital in New Orleans, a hotel in Harlem, and other projects in NY and NJ. |
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Ah, 42 days ago. Or, as we say, the good old days. That was the last time gas prices didn’t go up. The national average is $2.62 and refinery problems are causing especially high prices in the Midwest, with Michigan topping off every state at $2.93. Silver lining: it’s not climbing as high as the price of oil. Experts attribute the rise to positive expectations of economic recovery and the dollar’s weak showing against foreign currencies.
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Want to partner with Lockheed Martin? This morning, we joined more than 400 looking to do just that, as Montgomery County Chamber GovConNet (Government Contracting Network, for those not fluent in fed) hosted reps from the nation’s largest defense contractor. “We had Lockheed people fly in from all over the country to sit down with local companies looking to partner,” says Montgomery County Chamber CEO Gigi Godwin, center. She's pictured with TBS COO Joe Jezior, Concordia’s Mitch Weintraub and MAR’s Laura Evans and Mike Norcio.
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Manassas is best known for a couple of civil war battles: the first Battle of Manassas, pictured, and Lorena Bobbit. (OK, that was Manassas Park, but close enough.) Now, it's home to Appian Realty (the multi-armed real estate firm behind the 640k square foot corporate business park adjacent to George Mason U) which opened its third office since being founded two years ago. Heading the office is James Legat, formally an associate broker at Trust Properties Inc.
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| How cute is this guy? The answer: Very. Thankfully, Mr. Bunny’s rabbit-ear antenna friends are about to get a boost, as the federal switch to digital television happens last Febru—err, this Friday. For real this time. "I want to be clear: there will not be another delay," President Obama said in a statement. |
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