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Archive for November, 2009

NC pension funds go up in 3rd quarter with stocks

Tuesday, November 10th, 2009

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RALEIGH — Rebounding stock markets helped boost returns for North Carolina’s public employee pension funds during the third quarter.

State Treasurer Janet Cowell said Monday the retirement systems recorded a 10.4 percent increase during the three months ending Sept. 30.

The uptick means pension assets grew for the quarter from $60 billion to almost $66 billion. That’s still below the high of $77 billion at the end of 2007.

The North Carolina Retirement Systems benefited from a 17.6 percent increase in its equity portfolio. Cowell said bonds reported a nearly 6 percent increase, but real estate had an 8
percent loss.

Cowell’s office invests pension funds for more than 820,000 public workers and retirees in North Carolina, including teachers and state employees.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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Rebounding stock markets helped boost returns for North Carolina’s public employee pension funds during the third quarter.

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Associated poll

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Salvation Army kettle kick-off is Friday

Tuesday, November 10th, 2009

The Salvation Army begins its annual Christmas “Appeal in the Mall” at 11:30 a.m. Nov. 13 in Independence Mall. Located near the main indoor entrance of J.C. Penney’s, the Salvation Army Christmas Brass will herald the arrival of Mayor William Saffo where he will make the first contribution in the red kettle.

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Wilmington school closes doors for a week due to flu

Tuesday, November 10th, 2009

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The Calvalry Christian School grounds are quiet, after administrators decided Monday morning to shut down for a week. The flu and flu like symptoms took a toll on attendance

“I got a phone call at about 11 o’clock this morning. Saying that they’re closing down school for the day and the rest of this week,” said parent Richard Perry. “Connor’s got seven kids in his class, and it was just him and one other boy this morning in his class.”

About a fifth of the elementary school’s students were out sick Monday along with several teachers. Calvary Christian student Connor Perry said, “When I went to school, I saw my friend was there and my teacher wasn’t there.”

The school’s administrator said the trend began at the end of last week. Over the weekend, the school board was notified more people were getting sick. That, along with Monday’s low attendance, prompted the decision to suspend classes.

“I think it’s a great thing that they’re erring on the side of caution. One of the reasons we picked the school is because we really trusted the decisions that they made, they mirrored ours quite frequently. I think it’s the best thing,” said Connor’s mom Lisa Perry.

According to the school, there is a handful of confirmed H1N1 cases, but most of those who are ill, have either seasonal flu, or flu symptoms.

School officials said the classrooms will be sanitized before the kids return to class.

Classes at Calvary Christian School are expected to resume as normal Monday.

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videoA Wilmington school is closed for a week to stop the spread of flu. The Calvary Christian School’s administrator said a large percentage of students and teachers are sick. Suspending classes for the week is his solution to stopping the illness in its tracks.

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Associated poll

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Pender schools chairman says probe by NAACP ‘hurt’ him

Monday, November 9th, 2009

By Chelsea KellnerChelsea.Kellner@StarNewsOnline.com

Pender County Board of Education Chairman Tom Roper again denied allegations of misconduct being investigated by the local NAACP at the board’s meeting Monday night, and said he was “hurt” by the way the investigation has been handled by local officials.

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1898 riot book to be debuted at Cape Fear Museum

Monday, November 9th, 2009

By Ben SteelmanBen.Steelman@StarNewsOnline.com

LeRae S. Umfleet, author of “Day of Blood,” will speak about the book and answer questions during a program at 7 p.m. in the museum at 814 Market St.

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