| Parents Load Cars With Cookies
The Genesee Valley Girl Scout troop picked up cookie orders in Pittsford Saturday morning. Delivery day was quite a task. The sun was just rising Saturday morning when crews of cookie-crazed moms and dads prepared for hours of counting, sorting, and stacking. "Cookie delivery day - it's the biggest day in Pittsford, let me tell you," Girl Scout volunteer Sharon Spencer said. So big, the Genesee Valley Girl Scouts from Pittsford and Fairport needed tractor trailers. "The cookie program is really an economic literacy program for girls," Marianne Schreyer with Genesee Valley Girl Scout Council said. That's a fancy way of saying they're learning to count big with some help from mom and dad. A quarter million boxes filled six tractor trailers. That's what the Girl Scouts have to show for their three weeks worth of orders, but they're not done yet.
Office space being built at rapid rate north of I-70
About 14 years ago Steve Meyer was driving along a stretch of Horizon Drive when he noticed a small building on a piece of land north of Interstate 70. Something about the building caught his eye, so he decided to stop his car and take a closer look. What he found was a building and grounds in need of some work. "I looked at the grass. It was brown," said Meyer. who managed Shaw Construction’s Grand Junction office at the time and was named its president in 1995. "I drove around, then walked up and looked in through the windows. You could see that it was abandoned." Curious still, Meyer said he then headed off to the Mesa County Clerk and Recorder’s Office to find out more about the property. He figured out the property had fallen into the hands of the Resolution Trust Corporation.
(AFX UK Focus) 2007-11-14 11:01 GMT: HSBC sees higher Q3 profit; revenue growth offsets US loan charge UPDATE
(adds further detail on US, Asia-Pacific, updates share price) LONDON (Thomson Financial) - HSBC Holdings PLC, the UK's biggest bank by market value, said third quarter profits will be ahead of a year ago, as a higher than expected 3.4 bln usd charge for US loan impairment was offset by revenue growth. The US bad debt charge was some 1.4 bln usd higher than would have been expected if first half trends had continued, the bank said. 700 mln usd was related to US mortgages, with the remainder made up of branch unsecured loans and cards portfolios.
HSBC said its total bad debts related to the US subprime mortgage market rose to rose to 3.4 bln usd at the end of September from 2.6 bln usd at the end of June.
The bank warned that the problems in its subprime mortgage business could worsen if the downturn in the US housing market continues.
Chairman Ben S. Bernanke
Last month I had the pleasure of meeting with someone very well known to this audience but not so well known to Americans generally: Dr. Muhammad Yunus. Perhaps more than any other individual, Dr. Yunus inspired the movement that has become known as microfinance. In 1976, Dr. Yunus founded the Grameen Bank in Bangladesh, which became one of the pioneers of the concept of offering small loans to people deemed too poor or insufficiently creditworthy to qualify for traditional bank loans. The organization and the larger movement it helped spawn have financed the entrepreneurial aspirations of many thousands of people. The great majority of those who have benefited from Grameen Bank loans have been women, particularly poor rural women. Microfinance has offered borrowers, in Dr.
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