Month: January 2015

A California man was arrested in North Carolina last week after law enforcement found over 30 pounds of marijuana hidden in self-storage units across the state. Takaaki Ishibashi was arrested on January 16th and is being held on $2 million bond. The ordeal began on January 13th, when agents from the Homeland Security Investigations Task Force intercepted a package en route to a storage unit in Mooresville, North Carolina. The package was addressed to a Nathan Yong, of Dallas, with a return address of Long Beach, California. It contained approximately seven pounds of marijuana sealed inside metal cans. The mailing information was found to be incorrect, and investigators were unable to identify a suspect from the information. An additional 3.5 pounds of marijuana were seized from the storag...

Before Republican lawmakers get to work this year, there's just one thing left to do: take a retreat. The annual retreat, which is actually a three-day conference for the purpose of establishing policy agenda and planning for achieving goals in the coming year, will take place in Hershey, PA. Republicans in both the House and the Senate are attending the retreat this year, which hasn't happened in 10 years. The topics on this year's retreat agenda are expected to be the Affordable Care Act, immigration, budget issues, and transportation. The group is staying at the Hershey Lodge, which is one of Hersheypark's official resorts. The resort also boasts three swimming pools and a few full-service restaurants. The resort, which is a couple of hours outside of Washington, D.C., gives lawmakers...

A franchisee of frozen yogurt chain Pinkberry that owns several franchise locations around the Washington, DC area has filed Chapter 7 bankruptcy. According to the Washington Business Journal, Pinkberry Mid-Atlantic LLC listed debts totaling more than $1.2 million, with assets of more than $820,000, in its bankruptcy filing. The franchisee is controlled by Stavros Roberts who, along with attorney John Goetz, filed the Chapter 7 bankruptcy petition on December 26 in the U.S. Bankruptcy Court for the Eastern District of Virginia. Pinkberry Mid-Atlantic currently operates locations in Georgetown, Dupont Circle, Arlington, Fairfax, Tysons Corner, Gainesville and National Harbor. The franchisee's store in Leesburg closed earlier in 2014. Unlike a Chapter 11 bankruptcy, which allows businesse...

The cost of shipping large items may be more affordable than ever before, thanks to plummeting oil and gas prices across the world, but there's another major factor that is stalling the shipping industry in the U.S.: weather. According to recent reports, the Great Lakes -- which provide affordable water transportation options for countless shipping and travel services -- experienced such freezing temperatures during the winter of 2013-2014, that the U.S. shipping industry was forced into a standstill. Overall, experts note, the industry experienced over $705 million worth of economic losses, as well as 4,000 individual jobs lost, due to the frozen lakes. This season, the Lake Carriers' Association (LCA) is working closely with the U.S. Coast Guard to avoid such trouble during the current...

Senior housing was making headlines in 2014 for all the right reasons. With the retiring Baby Boomer generation flocking en masse to these senior communities, the year saw a market climate that was highly favorable to both buyers and sellers. According to a January 3 Senior Housing News article, interest rates for both assisted and independent senior living communities fell to all-time lows in 2014, which was good news for the owners of these communities. Lower interest rates allowed them to diversify their assets, offering a wider variety of unique living solutions for their residents. On the buyers’ end of the market, rising housing prices gave many seniors a good reason to finally sell their homes and make the transition into a retirement community, according to the Wall Street Journa...