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September 30, 2009 Sign up Forward Archive News updates for Greater Washington's business leaders   Top News    Panelists share ideas on how to cope with spread of flu With the number of swine flu cases increasing, panelists at a Greater Washington Board of Trade forum talked about how to cope when employees get sick. The organization's chief executive said there is not a "one-size-fits-all for businesses, especially in the greater Washington region," but business managers were encouraged to plan ahead to keep groceries and pharmacies open while making sure sick workers stay home. WJLA-TV (Washington, D.C.) (9/29) Tysons Corner lures SAIC headquarters from San Diego Defense contractor Science Applications International last week announced plans to shift its headquarters from San Diego to Tysons Corner. Virginia has pledged $7 million in incentives to get SAIC to relocate and promised $1.5 million to Fairfax County for road and infrastructure improvements. The Washington Post (9/25)   Economic Stimulus and Financial Reform  World leaders agree to crack down on banking risks The third meeting of G-20 leaders in the last year ended Friday in Pittsburgh with the issuance of a statement calling for a crackdown on risk-taking in the financial sector and a promise to coordinate economic policies. The world leaders, including President Barack Obama, agreed to write a plan that forces banks to tie executive compensation to long-term performance and increase how much capital they keep on hand. Bloomberg (9/25) Fed keeps key rate steady, will slow purchases of mortgage debt The Federal Reserve's assessment of the economy continues to improve, prompting policymakers to reiterate that they will keep the benchmark interest rate low for a while. The Fed's purchases of mortgage-backed securities will be slowed to draw out the program timeline to the end of March. "The Fed wanted to exit with as little disruption as possible to the market. Doubling the length of time you're going to make the purchases allows for a pretty smooth transition," said Peter Hooper, Deutsche Bank Securities' chief economist. The Wall Street Journal (tiered subscription model) (9/24), Reuters (9/24), Bloomberg (9/24), The Washington Post (9/24) White House plans to post reports on stimulus jobs online The White House intends next month to begin reporting online how many jobs have been created as a result of the economic stimulus. The Government Accountability Office cautions that the reports will not be complete or completely accurate. The Wall Street Journal (tiered subscription model) (9/23)   Deals and Development    Analysts: Metro's support of Catoe shows desire for stability Metro's decision last week to extend General Manager John B. Catoe Jr.'s contract was a sign of support as the transportation agency faces one of its most challenging periods. Analysts said keeping Catoe on board was a demonstration of the kind of stability the agency must have to get the funding it seeks. The Washington Post (9/24) 6 companies to create 334 jobs in Fairfax County Virginia Gov. Tim Kaine announced last week that six companies expanding in Fairfax County will invest $2.8 million and create 334 jobs in the next three years. The companies are ACS State and Local Solutions, Beltway Supply, Coveros, Intec, RightStar Systems and SeniorLiving.com. WTOP-FM (Washington, D.C.)/The Associated Press (9/24) Virginia gubernatorial candidates talk about business The race for Virginia's top executive pits Republican Bob McDonnell, a former state attorney general, against Democratic state Sen. Creigh Deeds. Both candidates told the Washington Business Journal that they support jobs, the energy sector and tax credits. American City Business Journals/Washington, D.C. (9/25) Region represents country's 5th-largest metro economy Greater Washington is the fifth-biggest metro economy in the U.S., according to the U.S. Bureau of Economic Analysis. The region had a gross annual metropolitan product of $395.7 billion last year. New York City topped the list, followed by Los Angeles, Chicago and Houston. American City Business Journals/Washington, D.C. (9/25)   Going Green  Low-carbon champions say time is running out In conjunction with Climate Week in New York last week, reporters at ClimateBiz.com talked to champions of a low-carbon economy about why they want a global climate accord implemented now. Caio Koch-Weser, vice chairman of Deutsche Bank Group, says emissions are such a critical issue now that the world cannot afford to wait five to 10 years. GreenBiz.com (9/22)   Board of Trade Opportunities and Benefits  Mark your calendar for the Board of Trade's Annual Meeting: A Look Ahead, Nov. 24 A yearly tradition since 1889, the Board of Trade's Annual Meeting gathers the business community to prepare for the year ahead. The Annual Meeting attracts more than 800 business, civic and government leaders and features ample networking opportunities. The 120th Annual Meeting will be 11 a.m. to 1:30 p.m. Dec. 11 at the Hilton Washington. Register. Hear from Sunrise Senior Living CEO, Oct. 16 Don't miss Mark Ordan, chief executive and chief investment and administrative officer for Sunrise Senior Living, when he speaks at a Morning Star Speaker Series breakfast on Oct. 16. Ordan will speak about his experience leading Sunrise Senior Living, which is headquartered in McLean, Va., and operates 415 residences in the U.S., Canada, Germany and the U.K. Register. Attend Leadership Greater Washington's Fall Luncheon, Oct. 14 Join Leadership Greater Washington at its annual Fall Luncheon to network, cheer positive change and celebrate Greater Washington's most important change agents. LGW, founded 24 years ago with support from the Greater Washington Board of Trade, engages high-level business, nonprofit and government representatives who make good things happen. LGW members connect and collaborate to benefit the community, expand their businesses and enrich their personal lives. Would you like to spend a couple of hours connecting with area movers and shakers who love what they do? The event is at the JW Marriott at 11 a.m. Register. Hear Justice Kennedy, the Swing Vote on the Supreme Court, Oct. 8 On Oct. 8, the Northern Virginia Technology Council and co-host Greater Washington Board of Trade present the kickoff of NVTC's Public Policy Series with The Honorable Anthony Kennedy. Associate Justice Kennedy was appointed to the U.S. Court of Appeals for the 9th Circuit in 1975. In 1988, he was nominated to the Supreme Court by President Ronald Reagan and has served on the Court for 21 years. Justice Kennedy has become the swing vote on the court on business and other critical issues. Board of Trade members register at the member rate -- $65. Register. News  |  Events and Programs  |  Become a Member  |  About Us     Subscriber Tools       Print friendly format | Web version | Search past news | Archive | Privacy policy   Contact the Board of Trade info@bot.org   About the Board of Trade The Greater Washington Board of Trade is the leading regional business network. Founded in 1889, the Board of Trade enjoys a long history of helping its members' businesses grow by providing content-rich programs, connecting business leaders and marketing Greater Washington's economic opportunities. The Board of Trade also addresses business concerns, including transportation, emergency preparedness, green as a competitive advantage and workforce issues. Learn more at www.boardoftrade.org.     Recent Board of Trade SmartBrief Issues: Wednesday, September 23, 2009 Wednesday, September 16, 2009 Wednesday, September 09, 2009 Wednesday, September 02, 2009 Wednesday, August 26, 2009     Lead Editor:  Devlyn Ray       Mailing Address: SmartBrief, Inc.®, 1100 H ST NW, Suite 1000, Washington, DC 20005     © 1999-2011 SmartBrief, Inc.® Legal Information