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07-16-18           Have a business tip? Let us know!
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Local business news

What sold last week (Local real estate professionals)
Select this link for a list of homes that sold in Fredericksburg and the surrounding area since last Monday.

Basic Rider Course can help motorcyclists drive more safely (Fredericksburg.com)
More people are riding motorcycles in Virginia than ever before. The number of licensed riders in the state increased from 353,117 in 2010 to 422,477 in 2017. But with those numbers comes a greater risk.

Stafford farmers market offers those in need a path out of poverty (Fredericksburg.com)
Business owner Luanne Pan said the idea is to provide products for someone in need to sell at the market, teaching valuable entrepreneurial skills in the process. Then they get to keep the profits.

Oh Say Can You Sing Contest

A natural 'bulldogger': Mountain View's River Cherry to compete in national rodeo (Fredericksburg.com)
Steer wrestling is not for the faint of heart. After winning the Virginia state finals in June, River Cherry qualified for the National High School Finals Rodeo in Rock Springs, Wyo., from July 15-21.

Spotsylvania looking to beef up school security (Fredericksburg.com)
The Board of Supervisors on Tuesday unanimously approved a motion to seek a grant of more than $95,000 from the U.S. Dept. of Justice for technology aimed at preventing and responding to school violence.

Fredericksburg City Council could file suit against opioid manufacturers (Fredericksburg.com)
City Council voted 6-1 Tuesday to retain a litigation team to discover how much it's costing the city to respond to the opioid addiction crisis, then possibly proceed with a civil lawsuit.

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Virginia and the District

Wells Fargo fraud issues continue; consumers file complaints to Va. attorney general and federal Consumer Financial Protection Bureau (Fredericksburg.com)
Some consumers have filed complaints in the wake of reports from more than a hundred Wells Fargo customers in Virginia who have said their debit cards were charged fraudulently from Amazon.

Bear Island paper mill in Hanover to reopen; Canadian paper products company to open a pulp facility (Fredericksburg.com)
After closing a year ago, the Bear Island newsprint manufacturing mill in northern Hanover County appears to be reopening. Cascades Inc. plans to invest $275 million to open a pulp production facility.

Virginia Beach coin dealer spends over $2 million on rare U.S. silver dollar (Pilotonline.com)
The coin was sold at the Heritage Auction in Long Beach, Calif. Its previous owner paid $3.8 million for it in 2013. On June 14, two coin dealers from Virginia Beach bought the coin for $2.64 million.

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Gelati Celesti moves into new production plant as it plans to open more stores; still makes ice cream 'one batch at a time' (Richmond.com)
From Coconut Cream to Chocolate Decadence ice cream flavors, Gelati Celesti is serving up a recipe for success at the company's four Richmond-area shops - an endeavor that's paying off in heaps.

VCU's Rao ranks high on list of highest-paid university presidents (Richmond.com)
Michael Rao, who took over one of Virginia's largest universities in 2009, moved up to No. 43 on the list of highest-paid public university presidents for 2016-17, according to the report.

Virginia AG asks court to throw out federal lawsuit challenging abortion restrictions (Fredericksburg.com)
The suit forced Virginia Attorney General Mark Herring, a Democrat who supports abortion rights, to choose between defending state laws or siding with abortion-rights allies.

Around the U.S. and beyond

Inflation hits 6-year high, wiping out wage gains for the average American (Chicagotribune.com)
The 2.9 percent inflation for the 12-month period ending in June is a sign of a growing economy, but it's also painful for workers, whose tepid wage gains have failed to keep pace with the rising prices.

Microsoft calls for regulation of facial recognition, saying it's too risky to leave to industry alone (Fredericksburg.com)
Microsoft is calling for government regulation on facial-recognition software, one of its key technologies, saying such AI is too potentially dangerous for tech giants to police themselves.

Halfway Through 2018, These 20 Cities' Cost Of Living Is Rising Fastest (Forbes.com)
In a previous article, cost of living predictions were made about several U.S. cities for 2018. With this new follow-up study, we're able to see how those forecasts turned out six months into 2018.

Entrepreneurship and personal finance

Richardson: Dress Appropriately (Fredericksburg.com)
UMW business professor Lynne Richardson says most employees know when to wear a suit or when it's OK to wear business casual. Yet there are typically a few that will challenge any dress code you have.

6 Social Security myths that could make or break your retirement planning (CNBC.com)
If you're like many retirees, your Social Security checks will account for a large portion of your retirement income. But how well you understand how these benefits work could make a big difference.

Weather Monday: Hot, with sun and clouds (Fredericksburg.com)
Intervals of clouds and sunshine. High 96F. Winds SSW at 5 to 10 mph.

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