Black owned Royal Palm Crowne Plaza opens amid budget woes
The Royal Palm Crowne Plaza, the nation’s first black owned luxury hotel, opens as developer R Donahue Peebles seeks to sell 150 of 422 rooms as condominiums to cover about 16 million in cost overruns. Peebles blamed city delays, contamination, and preservation demands for the 800 day delay and 16 million overrun. The project, tied to ending a thousand day black tourist boycott of Miami Beach linked to Nelson Mandela snub, faced demolition orders and preservation hurdles from the start.
MENTIONED IN THIS ARTICLE
Royal Palm Crowne Plaza
R. Donahue Peebles
Miami Beach
Peebles
Royal Palm
Miami
Nelson Mandela
Rewards programs fail to sway most Americans says survey
A Cambridge Consumer Credit Index telephone poll of 1000 adults finds about one in four feel reward points greatly influence their decision to use a credit card. Two in three do not even have credit cards offering rewards or rebates, showing limited impact of points on payment choice.
MENTIONED IN THIS ARTICLE
Cambridge Consumer Credit Index
Which bank grew from 150 years and joined MasterCard rise
Born 150 years ago, this company now holds over 300 billion in assets and 5400+ locations offering insurance and estate planning. It paid regular dividends through the Depression, deployed ATMs from 1960, and links to Master Charge later MasterCard. It had 6000 ATMs in 23 states, launched Internet banking in 1995, and merged with Norwest in 1998.
MENTIONED IN THIS ARTICLE
Master Charge
MasterCard
U.S
Norwest
Who Am
A Different Town Clings to Lawrence Summer Rhythm
Buffalo Bob's Smokehouse owner Bob Schumm recalls May to August cash flow in the old town, noting July and August are now his best months with KU graduates leaving. Bar owner Steve Gaudreau notes summer traffic has risen since 1991, signaling a changed downtown economy.
MENTIONED IN THIS ARTICLE
Bob Schumm
Lawrence
Schumm
Buffalo Bob’s
Smokehouse
Mass. Street
Kansas University
Steve Gaudreau
Quinton’s Bar & Deli
Corporate owned life insurance sparks anger at Wal Mart
The death of Florestella Torres at 58 reveals a company practice where employers hold life insurance on workers without their knowledge. Wal Mart collected 72321 from the policy, prompting family anger and calls for reform. Experts view COLI as a complex tool with both benefits and risks.
MENTIONED IN THIS ARTICLE
New York (Or
Florestella Torres
Wal- Mart
Torres
Orlando Gaitan
Pasadena
Tex
Wall Street Journal
Congress
Coli
Harold D. Skipper
Georgia State University
Atlanta
Wal-Mart
Gaitan
Tax loophole talk and a Bermuda move stir debate
The piece compares a U S firm Stanley Works shifting incorporation to Bermuda to reduce taxes with calls for broader reforms. It notes the company will stay based in New Britain Conn and hold one meeting there yearly, claiming a 24 percent tax rate on profits down from 32 percent, saving about 30 million dollars annually. It urges limits to such tactics and warns about weakening U S standards.
MENTIONED IN THIS ARTICLE
Pany
New Britain
Conn
Bermuda
U.S
Stanley
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