Share
Sen. Jim Webb (D-Va.) today made the following statement on the three-year anniversary of the Post-9/11 GI Bill being signed into law: “Today marks the three-year anniversary of the Post-9/11 GI Bill. I was privileged to introduce this landmark legislation on my first day in office. We began with a simple concept—if we continue to…
Share
A Downtown Waynesboro revitalization project is among 12 in Virginia to receive Community Development Block Grant funding, Gov. Bob McDonnell announced today. The Waynesboro Downtown Revitalization Project will receive $770,000 in CDBG funds. The project includes an economic restructuring plan and revitalization strategy for the downtown business district. The effort includes as partners Waynesboro Downtown…
Share
If there was any doubt about the broken state of our prison system, the news this week should put it to rest. The Global Commission on Drug Policy, made up of former presidents and other luminaries from the United States and abroad, concludes that the Drug War is an expensive failure. The California prison system—which…
Share
As Congress and the president debate whether and on what conditions to raise the debt ceiling, America marks the tenth anniversary of the policy change that accounts for much of the federal budget gap: the Bush tax cuts. On July 7, 2001, George W. Bush signed into law a $1.35 trillion tax cut that primarily…
Share
Recent gas price declines, following near record-setting highs last month, were welcome news for motorists looking to kick off the official start of the summer driving season last weekend. While slight declines continued this week, gas prices stabilized in most areas in response to continued volatility in the crude oil market. “Gas prices continue to…
Share
A common reading of the recent subprime mortgage crisis pins the blame on bankers and loan brokers who extended mortgages to those who could not afford them, thereby inflating a housing bubble that was destined to burst. While technically correct, that reading ignores the “politics of creditworthiness” that undergirded the rise of subprime mortgages, as…
Share
Cadence Inc., a Staunton-based manufacturer of cutting and piercing instruments for industrial, medical and life-science applications, will invest $15.9 million to expand its operation in the City of Staunton and create 65 new jobs within three years. Virginia successfully competed against Costa Rica for the project. Gov. Bob McDonnell visited Staunton to announce the news…
Share
Chase Community Giving is a philanthropic effort held by JPMorgan Chase in which charity projects will receive money in accordance to votes by the public on Facebook. The staff at the Wildlife Center of Virginia in Waynesboro is encouraging friends, community members, and supporters to cast a vote for the Wildlife Center. Voting is now…
Share
Long, tiring days and sore muscles are some of the things Martha Joslyn, a junior at Bridgewater College, will experience this summer as she bikes across the United States and helps to build and renovate homes. A psychology major from Tappahannock, Va., with a minor in neuroscience, Joslyn is joining The Fuller Center Bicycle Adventure,…
Share
The Federal Housing Administration’s Mortgagee Review Board today announced a settlement agreement with a Virginia-based mortgage lender for failing to apply FHA’s underwriting standards when approving loans. Among the alleged violations, the MRB claimed First Guaranty Mortgage Corporation ignored blemished credit and payment histories, approved loans with debt-to-income ratios that exceeded HUD’s benchmarks, and permitted…
Our content is free to read, but we do have bills to pay. Pitch in and help us keep the community informed.