Archive for July, 2008
Can You Read Me Now?
July 18th, 2008 categories: Military Installations, Relocating
One of North Stafford’s favorite hideaways is none other than the local library, specifically, the John Musante Porter Branch. Built in 1992, with an architectural design unlike most other community libraries, the Porter branch is conveniently situated in the center of North Stafford’s most populous area, and just down the street from three of its local schools, North Stafford High School, H.H. Poole Middle School, and Park Ridge Elementary. Additionally, within a couple of miles are North Stafford’s most popular home subdivisions:
- Park Ridge
- Hampton Oaks
- Augustine
- Amyclae
- Berkshire
- Austin Ridge
- Autumn Ridge
- Whitson’s Ridge
For those that like to stop in just to relax and still catch up on their news the old fashion way, hard copy instead of the web, there’s plenty of comfortable seating and with accompanying desk space, but also assorted seating throughout the building. For those who prefer the comfort of online information, there are a number of computer stations and free Wi-Fi for those who carry their laptop with them.
For a bit of cultural enrichment, the library’s ArtPoint program highlights the many local artists offering live entertainment, painting exhibits, story telling, and various other forms of media.
So, for those new to the North Stafford community, or those who’ve witnessed the steady stream of more and more traffic lights moving into the neighborhood the past few years, stop by your local library, whether by day or night, and enjoy the wealth it has to offer. As someone has said, “a library is an arsenal of liberty.” For most of us, its only a few blocks away and certainly worth the journey.
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Do You Like To Play Dominos?
July 14th, 2008 categories: Finance, Market Trends
“IF you can keep your head when all about you
Are losing theirs…”
While the weekend past didn’t witness the height of the current mortgage crisis, the announcement of the financial troubles of Fannie Mae and Freddie Mac resulted in both to lose half their stock value, and more than a bit hand wringing by the Treasury Secretary, Henry M. Paulson. Fortunately, despite the government’s longstanding claim of not backing the debt of both these agencies, in the midst of a near financial stroke, Mr. Paulson seemingly did a “one eighty” by announcing on Sunday that the government would not let either of these agencies fail. One could hear the loud and long sigh of relief from Main Street to Wall Street upon hearing Paulson’s words of assurance. Unfortunately, the weekend’s news came on the heels of IndyMac Bank’s collapse and subsequent takeover by the Federal Deposit Insurance Corp (FDIC) on Friday. Predictably, the mortgage crisis dominos continue to fall with little relief in sight.
With many analysts indicating that failed banks are “lagging” and not “leading” indicators, how much more ”road kill” will the mortgage mess deliver? Will the next casualty be another national bank like Wachovia or Wells Fargo, or, is it the local banks who are due to walk the sub-prime gangplank? And, just who caused this mess in the first place? A sample line-up of likely suspects would probably look something like AJ Nisen’s list:
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Sub-prime Mortgage Brokers
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Banks
-
Rating Services (Standard & Poors, Moody’s, etc.)
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Wall Street Investment Banks
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Bond Insurers
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Government Agencies (The Federal Reserve, Congress, Federal Trade Commission, The Accounting Regulatory Agency, just to name a few)
While his list is fairly comprehensive, what about the borrower? Was the borrower asleep when the lender was explaining the loan options to him? Does the borrower have a responsibility to do a risk assessment/analysis at some point prior to committing to the loan? Or, are they blameless?
What about the borrower’s real estate agent? What are their fudiciary duties? Since many of us don’t “pre-qualify” our buyers any longer, can we look after their best interest in what loan vehicle they choose? Or, do we simply take the word of the lender, even one we aren’t familiar…you know, the internet kind.
Well, enough of the finger pointing. Where we sit is the reult of a journey chock full of bad choices by many of those involved. It didn’t happen overnight. As Robert Louis Stevenson said, “Sooner or later in life, we all sit down to a banquet of consequences.” Little did we know that in this case, the meal just happens to be gruel!
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A Beach With a View
July 8th, 2008 categories: Entertainment, Military Installations
It seems that as the end of June rolls around, its thoughts of how we’re going to spend July 4th that begins to be discussed. Another day of having friends over for the annual backyard BBQ? Another evening of local fireworks, all seventeen minutes.
Fortunately, for Virginians, specifically, Northern Virginians, there are plenty of options outside of the normal fare. For us beach lovers, Virginia Beach is only a couple of hours away from historic Fredericksburg. And, if you choose to avoid the Interstate, the ride can be extremely enjoyable along the Virginia countryside. If you haven’t, make the trip via US17 and the Tidewater Trail. You’ll not only avoid the trucks and wall to wall traffic, but you’ll get a glimpse of a relatively unmolested area of the state. This ”road not taken” is the perfect place to put the top down, relax, and just enjoy the beauty the tidewater area has to offer.
Viriginia Beach on July 4th weekend is not for the faint of heart, unless you like lots of traffic, crowds, and lines. But, once you get there, there’s lots to do & see, and no shortage of good places to grab a bite to eat. If you’re like me and you’re an early riser, and even if you prefer to sleep in, for breakfast you’ve got to stop at Mary’s Restaurant on 17th Street. It’s not only a favorite of the locals but offers a wide variety of choices for breakfast. For those on a budget (hmmm…”beach budget”…is that an oxymoron?), you can take advanatage of the Early Bird Special which costs only $2.50, runs until 9:00AM, and features:
2 eggs any style with grits, toast
and choice of 2 bacon strips or 2 sausage patties
(Substitute home fries or spiced apples
instead of grits for 40¢)
OR
2 eggs any style and 2 pancakes with
warm syrup and whipped margarine
Whether it’s the bargain you’re looking for, or a bit more in the morning, you’ll enjoy the warm embrace of Mary’s atmosphere and service as well.
The city has a wide variety of activities available on the 4th, from their normal beach tourist offerings, to those tailor made for Independence Day. If you’re like me, you’ve probably had your fill of T-Shirt, Tattoo & trinket shops, but the good news is, there are plenty of other activities to enjoy beginning with a day on the beach and in the ocean, and ending with a casual stroll along the famous Boardwalk. It provides plenty of room whether you navigate it by bike or foot.
Prior to the evening’s fireworks, we had the opportunity to listen to the symphony orchestra of Virginia, Symphonicity accompanied by the Virginia Beach Chorale. After an enjoyable hour of tunes that spanned the spectrum from Broadway to patriotism, we sttled down a bit after 9:00 for what most of the crowd had travelled miles to see, the Fireworks show. We weren’t disappointed!
Since the fireworks are actually launched from a barge a few miles off shore, and can be seen from miles around, it isn’t a must to get “good seating”, however, 20th street appeared to be the location of choice for the best viewing. And, if you want to sit back, relax, and do so with a bit of room, do yourself a favor and take a seat on the grass between the hotels and the boardwalk, instead of the beach. You’ll be glad you did.
Unless you’re staying in a hotel within walking distance the the beach, you’ll have to decide where you want to park. If you’re driving, you can’t beat the free parking in the Convention Center parking lot. You may have to walk a few blocks to the beach, but, after all the fireworks and fun are over with, and you’ve made it back to your car, amid the barely moving bumper to bumper traffic, it’ll only take you a few minutes to leave the parking lot. With the Convention Center’s departing traffic a priority, the local police force very conveniently directs the parking lot’s traffic seamlessly into the normal flow of departing city traffic, making it a much smoother departure from the city than those parked closer to the beach.
Next July 4th, consider doing something a bit different than the normal holiday backyard BBQ. For those of us with military ties, if you don’t want to fight the Virginia Beach crowds & prices, there are a number of places to stay, like Langley AFB, Ft Story, and Oceana Naval Station, among others. The accomodations are clean, well kept, and pretty much what you can expect, and the prices can’t be beat. But remember, you’ll have to supply your own sun block!
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