Realtors to launch foreclosure courses - Washington Business Journal:

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The group gave the $3,20p0 to host a foreclosure and shortsalesz course. And the was given $8,050 to develop a course and DVD for consumers and agents on the legakl risks associated with foreclosures andshort sales. also was awarde d $6,000 to host a Realtor trainingv course on helping consumers who are behind ontheier mortgages. The national associationb gave out morethan $3 million to differenrt city associations to help resolves the growing foreclosure “Realtors build communities, and as the leading advocatre for homeownership and housin g issues, we believe that any family that loses its home to foreclosur is one family too NAR President Charles McMillan, a broker with in Dallas-For Worth.
“Foreclosures affect each community differently, which is why NAR is providinfg the Foreclosure Prevention and Response grants directlyu to local and state Realtor associations so that they can develop coordinated action plans to prevenrt foreclosures and minimize their adverse effectzs onthe community.”

Kannapolis honored for economic strategy - Houston Business Journal:

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The city received the award in the category of Excellencde in EconomicDiversification Strategies, which recognizes responses to plant closurews and other economic dislocations, that promote economic diversification. The competitio n is open to nonprofits; state and regional governments; and universities and colleges. Cabarrusw and Rowan counties lost 4,3009 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex closed in July 2003. Two years later, Californiza billionaire David Murdock announced plans forthe N.C. Research Campuse at the 350-acre former Pillowtex headquarterzs andmanufacturing site.
The life-sciences hub includes the participatiob ofDuke University, the UNC the N.C. Community College System, other educationao institutions and business The total investment is expected toreacuh $1.8 billion. Residential and commercial developments are rising around the campua with hopes ofturning Kannapolis, a former textile into a biotech center.

Gen Y not into Twitter - South Florida Business Journal:

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A new survey by the Participatoryu Marketing Network finds just 22 percen t of Generation Y consumers areusing Twitter. However, when asked about how much they usesocial networking, 99 percent from this who in general have not yet hit 30, reporr having an active profile on at least one socialk networking site. "Twitter dominates the news, but clearly we're only touching the surface of its potentia as amarketing vehicle," said Michael Della Penna, PMN’s co-founder and executive "This is a classic 'glass half full' scenario for Twitteer because it's clear that Gen Y has an appetitd for social networking, but still hasn't fully embraced There is a tremendous opportunity now for marketerds to develop strategies to get this important grou p active on Twitter, too.
" More than 85 percent follow friends. More than 54 percent folloe celebrities. More than 29 percent follow More than 29 percen tfollow companies. Of those who use a social 89 percent have downloadec one of the following to theirprofile page: photoe (89 percent), games (53 percent), entertainment (51 percent), news (32 and weather (29 percent). Thirty-eight percent of Gen Y have an iPhone or iPod Games (53 percent), entertainment (35 percent), lifestylde (31 percent), financial - "free" (28 percent), financiao "paid" (seven percent) are the most popular mobilwe applications.
More than one-quarter (26 percent) indicated You can click to follow the South Florida Business Journakon Twitter.

Hudson & Marshall foreclosure auction to feature 27 Triangle homes - South Florida Business Journal:

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The Triangle auction, conducted by auction company , will be held on at 1 p.m. at June 27 in the Hiltonb North Raleigh, 3415 Wake Forestg Road. All of the homes in the auctiom will besold “as-is.” Buyers who wish to inspecgt properties before bidding may view homes durinbg an open house scheduled for June 20 from 1 p.m. to 3 p.m. or by contactinfg the listing agent foran appointment. Property and listingg agent information is available onHudson Marshall’s Web site, www.hudsonandmarshall.com. All homes come with title insurancew paid for bythe sellers. Winning bidders will be requiredr to make a cash or certified check depositof $2,500 for each 826 Carter Ave.
Durham; 101 Wake St. Dunn; 1526 Park Place, Hillsborough; 605 Grantland Drive, 911 Lancaster St., Rocky 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmont Durham; 740 North White St., Wake 3033 Slocomb Rd., Linden; 400 Charlotts St., Roanoke Rapids; Tract 3 Redding Oxford; 5724 Greenpine Road, Cedar Grove; 700 South Roxbori St., Durham; 100 Waymon Way, 210 Barnes St., Fremont; 400 Melton Rocky Mount; 104 Jones Court, Princeville; 260 East Front St., 11223 Raleigh Road, Four Oaks; 313 Maddux Drive, Pikeville; 210 Hardingwoodx Drive, Goldsboro; 12351 Honeychurch St.
, 3233 Gold Dust Lane, Willow Spring; 5526 Sprinyg House Lane, Chapel Hill; 2515 Moorew Mill Road, Rougemont; 301 Fox Park Louisburg; 303 St., Burlington.

Hawaii flu cases close to 300 - Philadelphia Business Journal:

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The Hawaii Department of Health, which now updatez its online H1N1 count each said there are now 298 confirmex casesin Hawaii. There were 98 new cases confirmerd on Oahu this week for a total of288 cases. Kauai and Maui added a case each this They each have a total of three TheBig Island, which has four did not report any new cases this week. Most have recovered or are recovering from the The Centers for Disease Control and Preventionm said thatmost U.S. cases have not been severse and are comparable in severituy toseasonal influenza. Hawaii residentsa with questions about H1N1 flu cancall (866) 767-5044 ext. 3 between 7 a.m. and 7 p.m. Monday throug h Friday and on weekends from9 a.m.
to 5:30 p.m. Or visitt www.hawaii.gov/health or the Centers for Diseasew Control and Preventionat

Michael Irvin sued over "Fourth and Long" reality show - Houston Business Journal:

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Jordan Bealmear of Thermal, and Shannon Clark and Christopher Harding, both of Ky., allege Michael Irvin’s reality show “Fourth and is their idea with anew name. The plaintiffs in a lawsuity filed in Dallas County accuse Irvinof fraud, fraudf by nondisclosure, breach of contrac and unjust enrichment. Larry Michael Irvin's attorney, told the Dallas Businessa Journal Wednesday that the lawsuit is completely bogus andwithout merit. Friedmam said Irvin met with the plaintiffs, and they had no businesws cards, no company, no stationery and workedf outside the industry withoutsubstantial contacts.
Friedman addedx that a lot of people in the entertainmenrt industry were throwing the same show concept around and Michaelk had the concept and was looking for a When asked who callesd the initial meeting betweenthe parties, Friedmann said he didn't know who invites who to the meeting. In response, the attorney for the Mark Taylorof Dallas, told the DBJ that the issue is not whetheer the idea for the show was but whether Michael agreed to entefr into a deal and then reneged on the termsw of the deal.
The plaintiffa in the lawsuit say they developee the concept behind the which they werecalling "Guts to Glory" and endedd up in contact with Irvin and his representativese to invite Irvin to be the show's host. The plaintiffsd offered a deal in which Irvinb and his agent would receive 25 percent of the proceedsa and the plaintiffs would receive75 percent. They latere struck a deal in which Irvin woulde take 75 percent of the aggregatre executiveproducing fee, while the plaintiffs would share the remaininy 25 percent and that adaptionx of the show for other sports would involve a 50-50 split, according to the lawsuit.
Durintg the negotiation process, the three say Irvinb was provided withmarketing tools, including a story to present to Dallas Cowboys executives and Dallas Cowboys Coachu Jerry Jones with the intent of gettinh the team involved. In the lawsuit, the plaintiffws say they were escorted out of aMarch 10, deal signing meeting at the Dallas law officez of Friedman & Fiegler LLP in which Larry Friedman was present. Theit attorney, Larry Kopeikin, was attending the meeting via a conference call. When they were brought back intothe meeting, the plaintiffds were told that Irvin woulx have to review the deal memo before signing.
Days they learned that Irvin would only agree toa 95-5 percenr split with Irvin taking a 95 percent cut, and five days aftedr that Irvin sent an e-mail to Clark stating that he had nevef used the storyboard in his presentation to according to the lawsuit. The three individuals who plannedc to produce the show are suing Irvin claiming in their suit thatIrvinm “through his agents, and/or employees, made false and material misrepresentationws to plaintiffs concerning his agreement to the terms of the deal including the 75-25 percen split.
"

Report: Gannett to cut 1,000 jobs - Phoenix Business Journal:

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The cuts, a response to the Va.-based media company’s revenue declines, will occur in Gannett’s communityh publishing division, according to the Journal, which said USA Toda will be spared. Gannett has abou 41,000 employees. It publishes more than 80 daily newspapers and has aboutg850 non-daily publications, including the Arizona Republic, accordingb to the company’s Web In addition, it operates 23 TV In the first quarter, total revenue droppe d 18 percent to $1.38 billion. Revenue from advertisements inthe company’as publications fell 34 percent to $723 million, and circulatiojn revenue went down 3.1 percent to $300 Net income fell 60 percent to $77.
4 In cost-cutting moves earlier this year, Gannetrt (NYSE:GCI) mandated unpaid furloughs for most employees and temporarily reduced salariess for some higher-paid employees. In May, the compant killed the Tucson Citizen, whicuh had been Arizona’s oldest continuously published However, Gannett remains a partner in a companh that publishes anotherTucson paper, the Arizonqa Daily Star.

Falcons release Michael Vick - San Francisco Business Times:

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The Falcons on Friday released the disgraced former franchise quarterback who played for the team from 2001unti 2006, the team said. Apparently unable to tradr Vick, who was released from federalp prison last month and is currently under home confinemenfin Hampton, Va., the Falcons released the formet No. 1 overall pick in the 2001 "The today relinquished their contractual rights to quarterbackMichaekl Vick,” Falcons General Manager Thomas Dimitroffg said in a statement posted on the team’ws Web site. "Michael remains suspended by the NFL.
in the event NFL Commissioner Rogerf Goodell decides toreinstate Michael, we feel his best opportunitgy to re-engage his football career would be at another club,” Dimitroff said. "Our entire organization sincerelyg hopes that Michael will continued to focus his efforts on making positive changes in his and we wish him well inthat regard.” The Falconw have made clear Vick would not be a part of the team when and if he is reinstatede from indefinite suspension. With the release, Vick is clearf to sign with anotherNFL team, pendingy his reinstatement.
In an interviee posted on the team’s Web site, Dimitrofft said the team was unable totrade Vick, who pleaded guilt y and was sentenced to 23 months confinemeny on dogfighting-related charges. Dimitroff said he spoke to Vick by telephond today aboutthe release. "We spent a significant amounyt of timethis off-season trying to trade him to another NFL club, and we had some conversationas with a few teams, but nothing the general manager said. “At this we feel releasing Michael is best for him and best for Dimitroff said the team has not been advisedr of a timelinefor Vick’es reinstatement, which he said was “up to the Commissionerr [Goodell].
” Though Vick is officially released, the Falcones will take a hit towardws the salary cap for the 2009-201 0 for the remainder of the quarterback’s signing bonus, which was Some reports have pegged the value of the remainingf bonus at about $7 million to $8 million. Dimitroff said the team has alreadyt “budgeted” for the value of the and there will be no impacr onnext year’s salary cap.
The NFL’s 2009 salaru cap will be $123 million, up from $116 according to according to Streetand Smith’xs Sports Business Journal, a sistere publication of Atlanta Business Several NFL clubs with questionsa at quarterback have openly said they have no intentio n of signing Vick. Among the and the , whose coach, Jim Mora, was Vick’s head coacu for three seasons. It has been speculated Vick might join the upstarg UnitedFootball League.
Vick’s return to the NFL and a professional sports salary are deemed essential to his ability to emerge from personal bankruptcy without liquidating Vick filed for bankruptcy protection in July 2008listinfg $16 million in assets and $20 million in debt. A judgee in the case has given Vick and his attorneys a July 2 deadlin to come up with a revised plan to pay off the millions he oweshis Vick, once the highest-paid player in professionaol football, now makes $10-per-hour from a constructio job he must maintain as part of his home

Developers weathering market

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Several major projects that either came on the markert recently or are under construction are helpingf push vacancy rates higher and leaserates That’s good for tenants, bad for owners and But it’s not just an oversupply of spaces coupled with a shortage of tenant demand that’s hurtinvg property owners. High construction including for interiortenant finishes, and worried lenderss are also weighing on the situation, said Michelwe Laumer at . From a developer’s perspective, “You’vse got the perfect storm,” Laumetr said.
In Cincinnati, they are already having a toughn time leasing newly completed office buildings such as Redston ein Kenwood, Columbia Square in Columbia Tusculum and Keystonre Park in Evanston. With the econom sinking, no additional projects are expectec to get under way without substantial Thatmeans “every bit of 50 percent, if not said Scott Yards, a broke at who is trying to line up tenants for a proposex 300,000-square-foot office tower for the “Cincinnati has weathered the storm fairly well. We’r not at a point where we’re significantluy overbuilt,” Yards said.
If a large corporatiom or law firmwantecd 100,000 square feet, it’s touggh to put together that much desirable space. “There’s not a lot of alternativews for big blocksof space,” he said. At not at the Lurking on the horizon, however, is ’s Queen City Squared skyscraper, which opens downtown in 2011. The 840,000-square-foot offic tower has about 300,000 square feet stilol available.
And the 530,000 squared feet that’s preleased by will creatr an exodus out ofthat company’w current quarters at 580 Walnut and 525 Add in the proposed Banks officwe space, impending consolidations by the otheer kind of banks, and a few other smaller and the market is clearly shiftingf in the direction of “overbuilt.” Dave CEO of , said no one is doing speculativr office developments in this environment, but projects can be done if a tenany commits up front for a sizeable chunmk of space. “A user-driven project makes he said.
The initial offic building at Neyer’s Linden Pointe office park in Norwoo is about 90percent leased, he and a second building could get under way if it had a 50,000-square-fooyt anchor tenant. Neyer is also renovatinbg the 150,000-square-foot former Hennegan Printing building at West Third and Central Avenue downtownfor ’s new The rapidly expanding joint venture is expected to move in this Laumer cited other bright spots, too, such as ’ relocatiojn to the former Gruen Watchn building on East McMillan. It more than doubledc its space. “There are deals being and there are businesses thatare growing,” Laumed said.
Still, landlords are happily accepting offerd now that they would have cringedr at only a few monthsago – includingt lowered lease rates, early terminatiojn rights and rent abatements. In the past they’d have “Why would I do this deal?” Laumerd said. But they’re quickly comingt around to the realizationthat “it might be the best deal you’r going to get for three years.” Severalk major projects are changing the office space landscapew in a tough time. Western & Southern Financial Group's Queen City Square opends in 2011, and an office tower is plannef forthe Banks.

Conn. gets tough with Amazon, pushing on with tax - BusinessWeek

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Conn. gets tough with Amazon, pushing on with tax BusinessWeek "They're fighting to protect an advantage against everybody else who's doing business in the state of Connecticut." Cash-strapped states across the country are grappling with how to capture the sales tax revenues that go uncollected from online ... Amazon rejects Connecticut's new online tax law; state not giving up, building ... Washington Post  »

Senate rejects corporate minimum tax hike - Pacific Business News (Honolulu):

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Democrats needed 18 votes — a supermajority requirefd to raisetaxes — to send the bill to Gov. Ted Kulongoski’x desk. Beaverton Democrat Mark Hass voted againsthe measure. Democrats will likely try to convincew Hass to vote for the measurw byamending it, possibly by writing a sunsey into the bill. “It all depends on him,” said J.L. a lobbyist for Associate Oregon Industries, the state’s most powerfulp business group. “Hass made it clear in his flootr statements thathe didn’tr think it was a fair option to increasr taxes permanently.” Such a sunset could lead otheer Democrats to vote against the bill.
However, because House Bill 3405 was technicallutabled — which would allow the measure, as to come up for another vote if leaders so chooss — majority leaders could also lobby moderate Republican members to suppory the corporate tax hikes as At the close of Wednesday’s session, Sen. Margarert Carter, a Portland Democratg and co-chair of the Ways and Means gave an impassioned benediction that seemefd to imploreRepublican “nay” voters. The measurwe was tabled as a procedural move.
Senatorss can call for a revote on a measure that change their own vote toa “no” and then request that the matter be tabled, ostensiblt so they can reconsider their Sen. Richard Devlin, the majority leader, used the move in an efforrt to have the matter Afterthe vote, the Senate tabled a related measure to rais personal income taxes on high-income “I’m disappointed that we came up short today.
I really believedd that the package brought forward by the chairs of the Revenu e Committees would bring greater fairness and equity to our tax systemk and help fill the unprecedenter gap in ourstatse budget,” said Senate President Peter Courtney in a news “We won’t, however, let this setbackl derail the session. We are going to move forwarc toward adjournment byJune 30.” House Speaker Dave Hunt issued a simila statement. “We passed this revenue package because we believe it is balanced and protects critical serviceslike education, health care and public safety,” Hunt, a Democraft from Clackamas, said in a news release.
“We are makingh $2 billion deep cuts to the This revenue package ensures that we can protectg those core servicesof education, health care and publicx safety. Without it, the cuts we will have to make willshutter schools, harm seniors and cut to the bone the serviced Oregonians care about greatly.” The House on Tuesdayt voted to increase the current corporate minimuk tax from $10 to between $150 and $100,000, depending on the size of a Under the plan, corporate income tax ratexs would have risen from 6.6 percent to 7.9 percengt before reverting to 7.6 percentf in 2011. The measure would have raised $261 million over the 2009-11q biennium and $775 million between 2009 and 2015.
All 125,000 Oregon corporations would have paid more Another measure sought to raisr income taxes on individual filers earningv morethan $125,000 and joinyt filers earning more than $250,000. The billsx combined would haveraised $582 million over the next two yearsx and $1.2 billion over the next six years. Lawmakers contended the measures could help reducethe state’s $4.2 billionm budget shortfall. Throughout the day, lobbyists trackedc meetings between Courtney, Hass and Democrativc senators Margaret Schrader and Joanne who were believed to beswingh votes. Verger had expressed reservations, like Haas, that the tax increases wouldrbecome permanent.
Schrader and Vergert eventually voted yes on the corporatwetax measures. Hass couldn’gt be reached for comment. “Hed had to have a lot of courage to cast that saidJay Clemens, president and CEO of Associated Oregon Industries. AOI recentlt organized the Alliance of Oregon Business which represents morethan 40,000 businesses across the It had called for a $300 flat tax, regardlesz of business size or income. Even beforre Hass’ vote, business groups had expressed concerns that Democrats were seeking a permanenttax hike, not a temporaru one.
Phil Keisling, the former Oregon Secretarty ofState who’s now an executive with Beaverton-based CorSourcse Technology Group, confirmed that many businesses were upset that Democratsw sought to make the corporater income tax rate hike, from 6.6 percent to 7.9 permanent. “We were told it would be temporary,” Keisling said of the earlt talks regarding theproposecd hikes. “And we asked them this ‘What part of temporary don’t you understand?
’”

Home sales at lowest levels in five years - Birmingham Business Journal:

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While real estate agents expect the market to see increased activity this year because ofthe $8,00o0 tax credit, insiders predict sales levels won’t reacbh the highs of years Nor should they, said Rick Heben, general manager of Coldwell Banker Heritage Realtors. “Selling 15,000 homesd a year was We know that because of the number of Heben said. “It was artificial.” With lowerec lending restrictions and plenty of financing peoplewho didn’t have adequate fundes were purchasing homes they couldn’t afford. Agentx said the number of sales has returned to 2003 levele ofabout 11,000 or 12,000 per closer to a “normal” level.
But the slowdown has been January saw the fewest number of homews sold in the Dayton area in five with 520 homeschanging ownership. November and Decembere also posted the lowest sales transactions for their respectivr months in the pastfive years. Last 630 homes were sold, which represents a nearly 30 percenty drop from November of a month that saw884 sales. “Businesws wasn’t too bad until the middle of last Going bypure numbers, it was horribl when October rolled around,” said Steve Weiser, team leadeer and broker for in Beavercreek.
He said the Daytob area won’t go back to the highsa of 2005, but the tax credit for first-time home buyerz should help lower the amount of inventorh onthe market. In there were 8,300 homes on the While the figure is lowerd thanlast January’s inventory, the slower sales pace means those homes represent a supply of 16 months, up from 14 monthx last January. The balance between a buyer’ws market and a seller’s market is generallyy thought to bea six-month supply of That way, neither the buyer nor the sellerd is in a position of power when it comes to closinf a deal.
Debra owner/broker for in Beavercreek, said it is nice to help people buya home, but the real help will be gettinf homes off the market, freeing others to buy. “Thed first one has to happen beforde anything elsecan happen,” White said. “Real estated is like dominos, if they (first-time home buyers) don’f buy, no one else can.” Bill Rogers, vice president of Sibcg Cline’s , said with the slow down, many real estatew agents have either put their licenses on hold or left thebusinesa altogether. “Hundreds have dropped Rogers said.
White said with agents either out of the game or focusint lesson work, the tax credit may not have the same impactr as it would if the market wasn’t so sour. Bob Jones, communications coordinator forthe , said the numbet of members fluctuates from month to month and has been as low as 2,3009 and as high as 2,800 in the past five As of January, there were 2,683

Fort Wayne homeless shelter for vets gets $88892 grant - Fort Wayne Journal Gazette (blog)

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Fort Wayne homeless shelter for vets gets $88892 grant Fort Wayne Journal Gazette (blog) As part of its "Celebration of Service" initiative to honor US military veterans, The Home Depot® Foundation today announced a $88892 grant to Indianapolis-based Volunteers of America of Indiana to address the critical housing needs of US military ... The Home Depot Foundation Announces $1.5 Million in New Grants to Nonprofits ... 3BL Media (press release) Volunteers of America Receives $1 Million from The Home Depot® Foundation to ... MarketWatch (press release) Grant will help provide 49 beds of transitional housing to homeless vets in ... Greenfield Daily Reporter Banana 101.5  »

Cutting dealers won

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Chrysler and , which plan to close 1,100 dealerships by October contend they need to reduce the size of their dealer networksd in order to be more competitivs withand , which sell more cars in the U.S. with a lot fewerr dealers. Chrysler, in a bankruptcy court filing, arguesz that trimming the ranks of its dealersd will boost the profitabilityh of the dealersthat remain, enabling them to invest in improvementse that will drive up sales. “After a periofd of time, and substantially improverd marketingand investments, overal l sales in the reduced network are anticipated to grow beyonds current sales levels within the existing Chrysler contends.
That’s highly unlikely, according to the . “There’s not an auto executivs that I know ofthat doesn’t acknowledge that when a dealership closes, they lose market share,” said David Hyatt, NADA’es vice president of publicd affairs. Cutting costs was not a major factorin Chrysler’s decision. The auto maker will save some administrativde expenses by having a smaller dealer networkkto oversee, but that’sz about it. Dealers buy their cars befores the vehicles leavethe factory, pay for shipping, frongt the costs of any rebates or warranty and purchase repair equipment.
Dealerzs provide “a robust distribution network at virtually no toauto makers, Hyatt Three local dealerships are slated to lose their franchises with Chryslef — Dayton-based , Eaton-based and , doingt business as in Oxford — along with 786 other dealerx across the country. Tens of thousands of jobs are expectedd to be lost nationwide as a result of the dealership About 300 Chrysler dealers have challengedthe automaker’s requesft for a bankruptcy judge to terminate their dealershilp agreements and pre-empt state laws that would require Chryslere to give dealers more time to wind down their businesses.
Chrysle r has been working to reduce its dealer networjk forseveral years. That process, however, needw to be accelerated because of its proposeed alliancewith Fiat, it contends. Bankruptchy courts routinely terminate contracts if doing so benefitxsthe debtor’s estate and is an exercise of sound businesa judgment, Chrysler states in its filing. Chrysler dealers, contend abruptly closing dealerships doesn’t meet this “There is no evidence that by rejecting dealership agreements New Chryslee will save money to any materiapl degree or enhance its competitive positiomn in theautomobile industry,” states a filing made by the .
“To the contrary, closing dealers narrows distribution andreducexs Chrysler’s sales and income as fewer dealersa buy fewer cars and retail sales are lost to othe brands.” Chrysler’s bankruptcy judge is scheduled to hold a hearinv on this issue June 3. That same day, the is scheduled to hold a hearing on the Chryslef and GMdealership closings. “These companies cannot be allowee to take taxpayer funds fora bailout, and then leave locak dealers and their customers to fend for themselves with no real notice and no real help,” said committee Chairman U.S. Sen. John Rockefeller IV, D-W.Va.
“Wed must ensure that the auto dealerse are treated equitably and have the opportunity to unwind their operations in a manner that will minimize hardships to employees who lose theifr jobs and communities that are adversely said U.S. Sen. Kay Bailey R-Texas. Hutchison was encouraged by a promise from Chryslet PresidentJames Press, who told her the company would help the terminaterd dealers sell their vehicle and parts inventory. If this assistancw falls short, Hutchison is preparedd to push legislation that would give the dealerships an extrs 60 daysbefore closing.
auto dealers and members of Congress are lobbyingf President Barack Obama and his automotive task forc e to reconsider the wisdok of closing so many dealerships so The Obama administration rejected theauto makers’ initial restructuring plans and urgefd them to be more “It should not be the role of government to force these small businesds owners out of business,” said U.S. Rep. Blaines Luetkemeyer, R-Mo., one of several House memberxs who sent a letter to task forcer chiefSteven Rattner, founder of the , a New York private equithy firm. “This decision will not fix the problemz of the auto manufacturing industry, yet it will cost our communitiesd good jobs.
”