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Archive for November, 2009

Marino on Money: November 17

Tuesday, November 17th, 2009

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How much does it cost to own a pet?

That is a great question.

Pets are wonderful, especially if you have children. However, like most good things in life, there is a cost. Before you get carried away with how cute and cuddly a new pet can be, be sure you can afford it. Saving an animal from a shelter is great, assuming you don’t end up bring it back to the shelter because the pet cost too much.

According to the American Society for the Prevention of Cruelty to Animals, the average first year spending for a medium size dog is over $1,600. That equals $134 per month. Cats are much less expensive. Their first cost is a mere $860, or $71 per month. Even a cute little bunny rabbit costs over $1,000 during the first year.

Some of the expenses include food, vet bills, and pet toys and treats. The average dog owner spends $50 per year on toys and treats, and the average cat owner spends $25.

If you rent, there may be extra deposits for keeping pets. And if you travel, pet-sitting or lodging can cost $20-$40 per day.

Remember, these numbers are average. Which means approximately half of all first year medium size dog owners spent more than $1,600. Pets are wonderful, but please consider the cost before making a decision.

If you have a financial question for Ross, you can use the Marino on Money page.

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videoWhile many people show interest in adopting pets, some may not take into consideration the cost of taking care of them. In today’s Marino on Money certified financial planner Ross Marino breaks down how costly having a pet may be.

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Suspect arrested in Brunswick County armed robbery

Tuesday, November 17th, 2009

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The search is over for a man wanted in connection with an armed robbery in Brunswick County.

Investigators believe 20-year-old Jarrell Smith beat and robbed the manager of Coastal Cinema in Shallotte Sunday night.

Smith was arrested Monday. He is charged with first and second-degree kidnapping and robbery with a dangerous weapon.

Smith is in the Brunswick County Jail.

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The search is over for a man wanted in connection with an armed robbery in Brunswick County.

Investigators believe 20-year-old Jarrell Smith beat and robbed the manager of Coastal Cinema in Shallotte Sunday night.

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North Carolina Ports Authority sees increase in container moves

Tuesday, November 17th, 2009

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The North Carolina Ports Authority CEO gave his State of the Ports Address Tuesday.

Thanks to the arrival of two new shipping lines, Tom Eager said there has been a 28 percent increase in container moves at the ports. However, general cargo volumes have seen a big decrease caused by the struggling construction and auto industries.

“We want to bring in two additional liner services over the next few years. There’s some discussions, we’re moving towards that end, but that’s the objective. If we can do that we’ll be very well situated looking forward,” said Eager.

Eagar also said the North Carolina International Terminal planned that Brunswick County would also help draw new businesses to North Carolina ports. But several studies and public forums need to be completed before that can move forward.

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The North Carolina Ports Authority CEO gave his State of the Ports Address Tuesday.

Thanks to the arrival of two new shipping lines, Tom Eager said there has been a 28 percent increase in container moves at the ports.

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Associated poll

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Fears surround Front Street construction

Tuesday, November 17th, 2009

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Wilmington City Council has some big plans for improving downtown, but some business owners are worried they will not be around by the time the work is finished.

“As a small business owner, in this economy, I’ve had enough challenges this year,” said owner of Daughtry’s Old Books, Gwenyfar Rohler.

Front Street construction improvements were originally scheduled to start in October, but downtown business owners said they would not survive the mess during the holiday season.

Rohler said, “I found the city of Wilmington very receptive when I talked with people and explained my concerns.”

The start date has since been pushed back to January, with the project expected to take six to eight months to complete. The city will install new sidewalks, lights, and traffic signals, while CFPUA will install new water and sewer lines.

City of Wilmington spokesperson, Malissa Talbert said, “The whole point is to get visitors downtown and then to get them into the businesses for our merchants.”

But owners say they are skeptical of the timeline.

“January through April is not going to be as critical a time for us, but I am concerned about them staying on schedule,” added Rohler.

Owner of Momentum Surf and Skate, Hunter Ford said, “I’m concerned that they’re going to get in and they’re not going to get the bid in on time and they’re not going to start the project until the second or third week of February, and then they’re going to take ten months to do it.”

To help keep the work on track, the contract includes plans for 16-hour work days and a $2,000 a day incentive if construction is finished early.

“Once you get started, you want to get in and get out as quick as you possibly can,” Talbert said.

Business owners hope that is the case, but they can’t worry about it too much – They have got a business to run.

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videoWilmington City Council has some big plans for improving downtown, but some business owners are worried they will not be around by the time the work is finished.

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Associated poll

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2 home-invasion break-ins investigated in Silver Lake area

Tuesday, November 17th, 2009

New Hanover County | Residents at two homes in neighborhoods off of Carolina Beach Road either had someone break into their homes Tuesday afternoon, or try to, officials said.Trouble began at 2:03 p.m. when Robin Roberts, 38, was awakened by a banging on her front door at 118 B Yulan Drive.

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