Biz bits

  • Follow Business

DDA plans trip to look at Little Rock's trolleys

Members of the Downtown Development Authority of Augusta will travel to Little Rock, Ark., in January to get a first-hand look at its streetcar system.

A trip there this month was postponed. Upon return, authority members will set a public input session.

The engineering firm hired to complete a study on whether a streetcar system is feasible for Augusta should have its work done in March, said Margaret Woodard, the DDA's executive director.

The firm, URS, will be paid $40,000 for the study from local sales tax money.

Treasury bond yields dip to record lows

NEW YORK --- Investors flooded into government debt again on Thursday, launching the 30-year Treasury bond to a huge one-day gain as worries mounted about an auto industry collapse.

The 30-year bond rose more than 9 points, hurtling its yield down to 3.46 percent -- the lowest level since the government started issuing the bond in 1977 -- from 3.91 percent Wednesday.

Other Treasury yields hit multi-decade lows, too, as the Dow Jones industrial average tumbled 445 points. The yield on the benchmark 10-year Treasury note sank to 3 percent, the lowest point since 1958, while the 2-year note's yield sank to 0.97 percent, the lowest level since 1947, according to Global Financial Data in Los Angeles.

In other news

A RESTRUCTURING expert overseeing the liquidation of Lehman Brothers, Bryan Marsal of Alvarez & Marsal, will replace Richard Fuld as chief executive on Dec. 31.

CITIGROUP INC. shares tumbled below $5 a share Thursday to their lowest level in more than 15 years, despite a Saudi prince's decision to boost his stake in the bank.

Comments (4) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
As It Is
As It Is 11/21/08 - 03:38 am
Sorry, but this should make

Sorry, but this should make more news than just a blip in the biz bits. This $40,000.00 in wasted tax payer money to study spending millions for silly trolleys downtown is ridiculous. Now, they are about to spend more tax money to travel to Little Rock and see how the trolleys operate. How about just watching it on video and speaking with their commissoners and others not that it even matters because we are not Little Rock and we absolutely do not need trolleys which we can't even begin to afford. They would never be self sufficient and the cost as reported by the AC is in the millions to cover 4.5 measly miles. We MUST STOP Wasting tax payer money. This is truly ridiculous.

keysandlocks 11/21/08 - 07:39 am
I hope that everyone

I hope that everyone remembers these and many other wasted sales tax dollars when the next vote to extend the sales tax comes around.

ColdBeerBoiledPeanuts 11/21/08 - 08:55 am
When you spend money like a

When you spend money like a congressman you may find your DDA DOA in the funds dept!!

imdstuf 11/21/08 - 11:32 am
Is the Trolley going to take

Is the Trolley going to take them to the land of make believe? I think that is the world they must live in.

Back to Top
Search Augusta jobs