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February 25, 2010

Next ‘Let’s Talk Port’ to Focus on Career Pathways

Trade careers and education will be the focus of the Port of Long Beach’s next “Let’s Talk Port” community forum scheduled for Feb. 25, 6:30 p.m., at Veterans Park in Long Beach.

Veterans Park is at 101 E. 28th St. There will be light refreshments and giveaways for participants. 

Information: (562) 590-412, This e-mail address is being protected from spambots. You need JavaScript enabled to view it , www.polb. com/outreach.

 

Free Foreclosure  Workshop in Culver City

The California Foreclosure Institute will present a free two-hour workshop March 3, 5:30 to 7:30 p.m., at Julian Dixon Library, 4975 Overland Ave., Culver City, for beginner investors and realtors on how to get started finding and buying foreclosure properties.

Lloyd Segal, author of “Stop Foreclosure Now” and “Foreclosure Investing,” will speak at the event.

The workshop is free, but reservations are required. 

Information: (310) 379-0101, www.foreclosureworkshop.net.  

 

Measles, Mumps and the Recession

(AP) — The economy is literally making small business owners sick, according to one management consulting firm.

A random telephone survey of 713 small U.S. business owners found that more than half have experienced negative health effects, both physically and mentally, since the economic recession began.

Meanwhile, 27 percent do not have the financial resources to weather the next quarter, according to the study done by Park Ridge, Ill.-based George S. May International.

About 80 percent of the respondents said their company may not survive unless economic conditions improve within nine months, while 16 percent gave a limit of three months and 4 percent, six months.

The survey also found that 41 percent of small business owners said they didn’t have a salary in 2009 in order to stay in business, while 20 percent had to pull money from their personal 401(k) accounts. About 80 percent said they reduced the number of employees at their company.

The survey, conducted between Jan. 25 and Jan. 27, was of randomly selected businesses across all industries with revenues between $750,000 and $100 million and more than 10 employees.

 

Stern: Expect Bobcats Sale Within 60 Days

DALLAS (AP) — NBA commissioner David Stern expects the Charlotte Bobcats to be sold within 60 days. He’s just not ready to say if Michael Jordan will be the buyer.

At his news conference Feb. 13, Stern said if Jordan was the buyer “that would be a good thing.” Jordan is currently a minority investor in the Bobcats but majority owner Bob Johnson has given Jordan control of the basketball operations.

Johnson is the first black majority owner of a major professional sports team, but has lost tens of millions and is looking to sell.

Jordan has first refusal on any sale, but it’s unclear if the Hall of Famer has an ownership group in place.

Former Houston Rockets executive George Postolos has also inquired about the Bobcats.

 

Dr. Dre Sues Over Unpaid ‘Chronic’ Royalties

(AP) — Dr. Dre is suing the new iteration of Death Row Records for failure to pay royalties and releasing a new version of his iconic album “The Chronic” without his permission.

Dre, whose real name is Andre Young, filed the suit in federal court in Los Angeles Feb. 11 against WIDEawake Death Row Records and its parent companies.

The suit claims Young hasn’t been paid royalties on the original “The Chronic” since he split with Death Row in 1996. The label fell into bankruptcy, but was purchased by the WIDEawake and re-formed.

Young also claims WIDEawake issued “The Chronic Re-Lit” and a greatest hits collection without the proper rights. He is seeking unspecified damages and an injunction blocking the new releases.