A renowned economist is relaxing her predictions somewhat about the effects of federal sequestration on Virginia and now sees a reason for some optimism. Chris Chmura says although the impact of the cuts will still hurt the Commonwealth more than most states, she expects there will be some modest job growth.
Hunger pangs may be a sign to raid the refrigerator, order carryout, heat up some leftovers, or head to your favorite restaurant.
But thousands of Virginia children don't have that option. In fact—and it’s a little-known fact—area food banks throughout the Commonwealth are in greater need of supplies over the summer than over the holidays, when most food drives take place.
Smithfield Foods is being sold to China’ s largest pork producer.
Saying it’s a great day for American farmers, Smithfield Foods President and CEO Larry Pope has announced his company is being sold to Shuanghui International Holdings Limited, China’s largest meat processing enterprise and largest meat trading company. It’s believed to be the largest takeover of an American company by a Chinese one. The purchase price is $4.7 billion.
Those debit cards that the Virginia Department of Taxation issued to taxpayers instead of checks are not going anywhere. In fact, as the tax season wraps up, most residents have already seen them.
Getting rid of tax-refund checks was supposed to save the state money. Taxpayers had the option of cashing out the card, transferring funds, or using it as a point-of-sale card or at an ATM. But they were charged fees and were often confused about how to access funds. Burns said he didn't receive many complaints, though.