Archive for March, 2008

Alameda Power sans Telecom?

March 25, 2008

Looks like AP&T could soon be shedding (pun unintended) the “T” aspect of the business!

As reported in the Chronicle:

In a presentation to the city’s public utilities board, officials from the city-owned Alameda Power & Telecom last week laid out the options for the public – none of which is likely to recover the $85 million the city has spent to launch and operate the service.

If that weren’t enough, Alameda, which has a general fund budget of $80 million this year, is due to make a $33 million balloon payment next year on the original construction bond.

Atleast it’s not all gloom and doom 🙂

Alameda is a place that’s always taken great pride in its ability to fend for itself, and it’s evident in city ownership of its hospital and power plant and school system – and it’s something other municipalities can strive for.


Alameda Borders a.k.a Barnes & Noble?

March 21, 2008

Now that we are (were?) on the verge of having a Borders in town at the Alameda Towne Center, comes this report that they might be sold to Barnes and Noble (among other options).

Struggling against both online and big-box retailers, the Borders Group, the bookseller, said Thursday that it had hired two investment banks to advise it on a potential sale and had turned to its largest shareholder for additional money.

Borders said it earned $84.7 million for its fourth quarter, down slightly from $87.7 million in the period a year ago. It is also pursuing “strategic alternatives,” a phrase that often includes a potential sale of parts or all of a company. Borders has hired JPMorgan Chase and Merrill Lynch as its advisers.

Wall Street has speculated for more than a year that Borders might sell itself to its larger rival, Barnes & Noble.

Webster, Clay and Calhoun: The scoop

March 9, 2008

Nah, not that kinda scoop 🙂

Came across an article that had some interesting background on these names.

Webster, Clay and Calhoun. One is a main thoroughfare in the West End, the other two are narrower streets east of Broadway. Do you know how important Daniel Webster, Henry Clay and John C. Calhoun were to America’s history in the 19th century?