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Archive for July, 2009

Topsail board considers beach nourishment bids, easement options

Thursday, July 16th, 2009

By Amanda HutchesonStarNews Correspondent

The Topsail Beach Board of Commissioners discussed bids for the town’s interim beach nourishment project, as well as ways to gain access to properties for the project, at a special meeting held Thursday afternoon.

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Equity firm buys local division of AAIPharma

Thursday, July 16th, 2009

By Wayne FaulknerWayne.Faulkner@StarNewsOnline.com

A Chicago private equity firm has acquired the Pharmaceutical Development Division of Wilmington-based AAIPharma.

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Yellow Pages slims down

Thursday, July 16th, 2009

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If you have picked a new copy of the Yellow Pages, you might have noticed it is a little bit lighter this year.

The 2009-2010 version of the Yellow Pages has 140 pages less than last year’s version, which had 60 pages less than 2007-2008.

A spokesperson for AT&T, which produces the Yellow Pages, said changes in the size, number, and type of ad’s have contributed to the slim down over the past few years.

Another factor is the growth of cell phones. Economist Woody Hall said, “There are fewer people now who are using land based lines because cell phones are available, and cell phone plans are available in so many different varieties at fairly low cost.”

AT&T also pointed out that more businesses are choosing to advertise online at sites like YellowPages.com and different search engines.

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If you have picked a new copy of the Yellow Pages, you might have noticed it is a little bit lighter this year.

The 2009-2010 version of the Yellow Pages has 140 pages less than last year’s version, which had 60 pages less than 2007-2008.

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Associated poll

More: continued here

Man points flare gun at judge, faces charges

Thursday, July 16th, 2009

By Shannan Bowen Shannan.Bowen@StarNewsOnline.com

Brunswick County | After almost hitting a man who was blocking traffic in Southport, a woman and her husband stopped to confront the man about the potential hazard.But they were faced with a gun pointing their way.

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Marino on Money: July 16

Thursday, July 16th, 2009

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This week we have been talking about FDIC insurance. In 2008, the limit was increased from $100k to $250k. That applies to each account holder at each institution. A person could have an individual and joint account covered at the same bank. Remember, a different branch of the same bank doesn’t count. In 2010, the limit is lowered back to $100k, but retirement accounts, such as IRAs, will remain covered up to $250k.

CDs, checking, and savings accounts are covered. Investments are not. Make sure you understand what is and is not covered by FDIC insurance. If you are unsure, just call your bank and they will be happy to explain.

When a bank fails, insured deposits are completely covered. Federal law requires the FDIC to pay the deposit insurance “as soon as possible.” According to www.fdic.gov, in most cases the insured funds are available the next business day after the bank is closed. As we have seen this year, another bank assumes the deposits. This sometimes happens over the weekend. There are certain accounts that may take longer than a day. But for the most part, it is business as usual when the new bank takes over. There should be no immediate changes to your account numbers, and your checks will good. Assuming, of course, your checks were good before the bank failed.

Nobody likes to see a bank fail, but we have seen quite a few in 2009. Fortunately, not one bank customer has lost one dollar on deposit due to a bank failure. There may have been some inconveniences for the customers, but their money is still their money.

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videoFirst it was Cape Fear Bank, and then it was Cooperative. They were two Wilmington based banks that closed this year. Thursday Financial Planner Ross Marino tells us how FDIC insurance kicks in after banks fail.

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Associated poll

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