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dc CB  03:36:44 GMT - 01/16/2016  
in the nation’s capital, the two stores were more than statistics. For D.C. leaders, they amounted to Walmart’s breaking a promise that had allowed it to win a public relations coup at a critical point for the company.

After saturating the nation’s rural landscape with big-box stores at the turn of the decade, Walmart had been blocked by liberal politicians and unions in New York and Boston from its next frontier, remaking retail in the nation’s urban core. But in the District, Walmart won the right to open stores surrounding the U.S. Capitol — and a symbolic victory for its belief that low-price goods help its poor customers more than low-wage jobs hurt its workers.

Under the initial deal, Walmart could build stores almost anywhere in the District, as long as it opened two stores in its poorest wards and areas of the city sometimes referred to as food deserts, with few — if any — options for fresh produce and groceries

District leaders furious Walmart won’t build stores in poor neighborhoods



dc CB  03:26:48 GMT - 01/16/2016  
July 23, 2015

Back in 2009, it looked liked Alexandria, VA, residents would get a new high-speed Internet option in the form of Verizon FiOS. The city even went through the bureaucratic process of issuing Verizon a franchise. Then the D.C.-area community got dumped at the altar by Big V and has been looking for someone, anyone to step in ever since.

Verizon was all set to provide broadband fiber service to Alexandria (the city and company had not yet finished negotiating a pay-TV franchise deal) when, in Feb. 2010, the president of Verizon’s Virginia operations dropped the bomb that the company didn’t need Alexandria anymore.

City Asks For Fiber Network Help, 5 Years After Being Left At Altar By Verizon FiOS



dc CB  22:38:46 GMT - 01/15/2016  
Walmart decisions hit home in DC
+++++++++++++++++++++++++++++++++++++++++++++++=

the company said it will not move forward with plans to build two new supercenters in the District — one that was planned for Skyland Town Center in Southeast Washington and the other at Capitol Gateway Marketplace in Northeast Washington.

“Our experience over the last three years operating our current stores in DC has given us a fuller view on building and operating stores in the District,” the company said in a statement. “This decision will not affect our three existing stores and we look forward to continue serving these customers in the future.”

In abandoning the two long-planned stores in economically depressed areas of the District, the retailer walked away from projects that had been central to negotiations that first allowed it to begin opening stores in the city in 2013.

Walmart executives said that the decision was based on several factors, including the cost.

“These two projects were really, really expensive to do, much more expensive than a typical supercenter would be to build,” said Mike Moore, Walmart’s executive vice president of Walmart supercenter stores, in an interview.

Moore added that the existing District stores were not as healthy as they thought they’d be.

“We’ve got a lot of work to do with the three stores that we currently have open,”

Walmart contacted D.C. Mayor Muriel E. Bowser’s office Thursday with the news and met with her deputy mayor for economic development and two council members early Friday morning to explain the decision, administration officials said.

Talking to reporters shortly after the announcement was made, Bowser said she was fuming about the company’s decision, especially regarding Skyland, a major mixed-use development project to which D.C. had committed some $90 million in tax breaks, environmental remediation and other incentives.

“I’m blood mad about it, just like anybody would be for a project that has been promised to people … and is not happening,” Bowser said.

“They are not closing any stores in Washington, D.C., that is a good thing,” she said. But the mayor quickly turned back to the decision to pull out of Skyland. “We would have wanted them to do what they said they were going to do.”

Another city official, councilmember Yvette M. Alexander, also railed against Walmart’s move.

“I am angry and I take this personally as I advocated to bring them to Ward 7,” Alexander said in the statement.

Walmart



Mtl JP  22:09:12 GMT - 01/15/2016  
http://www.marketwatch.com/story/bill-gross-warns-stay-out-of-the-bathroom-2016-01-15?siteid=bigcharts&dist=bigcharts

Bill Gross warns: ‘Stay out of the bathroom’

Gross: Wealth effect constructed with paper - sometimes corrugated/strong, sometimes toilet/flimsy. Stay out of the bathroom.

Gross: "Carry Trade" Hedge portfolios need to meet margin calls on even high quality assets like TIPS and 30yr Swaps. Liquidation continues.

Gross: Fed talking tough - reluctant to imply a PUT. Their models are old fashioned - employment dominated. Too bad for markets.


GVI Forex Blog  21:12:21 GMT - 01/15/2016  

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