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UNC Charlotte’s Alumni Golf Tournament September 10, 2008

Posted by The Tryon Street Journal in Charlotte.
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Sign up now for the always-fun UNC Charlotte Alumni Golf Tournament, taking place on October 13… amazing food (full breakfast and lunch), giveaways, and of course the beautiful Pine Island Country Club!  The event benefits the Alumni Association scholarship program, which is unique in that scholarships are awarded to rising seniors… and I was fortunate enough to be a recipient in 2005.  Here’s more info.

Light Rail Quells the Critics May 31, 2008

Posted by The Tryon Street Journal in Charlotte.
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Even the ultra-conservative critics of the McCrory Line are coming around since Charlotte’s light rail has experienced great success (ridership has exceeded expectations):

“I have to admit, they are doing better than I expected,” said former Mecklenburg County commissioner Jim Puckett, who helped lead a failed effort to repeal the half-cent sales tax for mass transit last fall. “Our concern was whether we would have a white elephant, and it doesn’t seem we do.”

woohoo! 

On another note, CATS is saying because of the high cost of diesel they’re going to need to increase fares from $1.20 to $1.50 on both buses and the train… help me understand why an electric train is effected by gas prices?

Major League Soccer in Charlotte’s Future? May 28, 2008

Posted by The Tryon Street Journal in Business, Charlotte.
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As Charlotte becomes more and more of a major league sports city, we need to consider adding soccer to the mix.  I have for years been a fan of the Charlotte Eagles, but they are in the minor leagues.  Between the Panthers Stadium and the upcoming Knights Ballpark, can one of those fields double as a soccer field?  The sport is not expensive relative to other more popular choices, and is a great family and bulk (youth soccer team) buying entertainment option. 

When I floated the idea by my friend (and founder of internetsoccer.com) Mac Lackey, his response was, “count me in…”  So who else is on board?

So what would we call the team?  The Charlotte Bankers?  Please, no. 

Seattle has experienced great success with their team, most recently with the addition of Microsoft as the jersey sponsor

Wessel: America’s Grand Deleveraging December 6, 2007

Posted by The Tryon Street Journal in Business.
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David Wessel wrote a great piece about the state of the economy today, and I think he’s right.  Business lending aside, American consumers could use a little lot less leverage in their lives.  My view is the economy is going to slow, but won’t experience a textbook recession, especially during an election year.

Cerberus break a sign of the times November 26, 2007

Posted by The Tryon Street Journal in Business.
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The credit crunch has hit private equity hard… so much so that Cerberus is willing to pay $100 million to back away from the United Rentals deal without consequence.  Deals are getting more and more difficult to finance because investors aren’t keen on high-leverage corporate debt like they were a year ago.  But now the fun begins… we get to see who can still do deals and who has just been riding the wave.  I’m interested to see how many deals firms like Carlyle and Blackstone can do in this environment, and if the delta between expected returns and cost of capital is still high enough to get them done.  Stay tuned…