| Scotsman takes the wheel at Coles
WESFARMERS has lured the chief executive of British car parts and bicycle retailer Halfords to run its newly-acquired Coles supermarket business with a $2 million welcome mat. Scotsman Ian McLeod, 49, whose current employer generates annual revenue of less than 10 per cent of the $20 billion business he will soon be managing, will receive a $2 million signing-on payment, another $2 million in annual salary and stands to make up to $2.4 million in annual bonuses. Wesfarmers managing director Richard Goyder said Mr McLeod had "lived and breathed retail" since joining British retail chain Asda as a graduate trainee in 1981, where he played a leading role in the turnaround engineered by chief executive Archie Norman in the 1990s. Mr Goyder said Mr McLeod was at the top of Wesfarmers's list of candidates to run Coles's food, liquor, fuel and convenience store business, and declared himself unconcerned at the new recruit's association with US retailer Wal-Mart's ill-fated German operation.
State Police arrest man in bicyclist’s death
LAROSE — State Police on Tuesday arrested a Cut Off man accused of leaving the scene of a fatal traffic accident Sunday night, according to a news release. Troop C Public Information Officer Gilbert Dardar said in the release that Tommy Eymard, 57, was booked with one count of felony hit-and-run just before noon Tuesday. Troopers determined it was a white 1998 Chrysler Cirrus, driven by Eymard, that hit a bicycle rider Sunday night on La. 308 near the Larose Truck Plaza, a State Police news release said. Car parts found at the scene of the crash matched the damaged Cirrus that troopers located on Tuesday, the news release said. The bicyclist, Rigoberto O. Valladares, 41, of Lockport, was dead at the scene. .
Gold rallies to record
Tony . from Waterloo, Canada writes: Ok, I'll start off by saying I'm no economist, but I just don't get all this infatuation with gold and the so-called "gold standard"?! How exactly is it a "standard"?
People talk about the "intrinsic value" of gold, but really it has next to no "intrinsic value", or certainly a heck of a lot less than what we've arbitrarily determined it's value to be!
Put quite simply, gold is MUCH less useful then steel. There are a few useful properties to it, but when talking about real value of the metal there's little reason for it to be worth much more than copper. Yet while copper trades at $3/once, gold trades at over $800/once!
You want a currency that is TOTALLY out of whack with it's intrinsic value, it's tough to find a better example then gold! Posted 02/01/08 at 12:11 PM EST | Alert an Editor | Link to Comment .
Welcome to Scoop's 2007 holiday gift guide
"American Gangster" Bootleg Deluxe Edition: Weeks before the film hit the screen, the movie hit the streets. The deluxe edition is now available with behind-the-scenes footage of Ridley Scott replacing Antoine Fuqua as director and bonus commentary by Jay-Z on why his "inspired by" CD ("American Gangster") isn't as good as the film, or so everyone claims. .
Vintage charms of Lincoln Park
Warmth, charm and flexibility characterize a one-bedroom, one-bath unit at 401 W. Fullerton Ave. in Chicago's Lincoln Park neighborhood. Known as The Patricians, the 17-floor structure has 276 studio, one-, two- and three-bedroom units.
A turnaround driveway outside the 1920s building allows vehicles to pull up under a wide canopy. In the lobby, a desk staffed 24 hours a day, seven days a week, provides access to the building's two towers.
Around the corner from the lobby, in the wood-beamed elevator area, a stairway saved from the single-family home that once graced this property rises to the second floor. Its brass railing and decorative balustrade suit the wood-paneled elevators, each with a brass-paneled door.
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Police blotter
A Frederick man was arrested Wednesday on theft charges, according to the Frederick County Sheriff's Office. Deputies searched 48-year-old Wilbert P. Price's residence in the 9600 block of Brigadoon Place and found stolen items, including electronic game systems, jewelry and a credit card, according to Cpl. Jennifer Bailey of the Frederick County Sheriff's Office. Price was charged with first-degree burglary, theft of over $500 and destruction of property. With help from a witness, deputies identified Price as a suspect in a Jan. 11 burglary in the 9600 block of Brigadoon Place. Deputies then obtained a search warrant for Price's residence. Deputies looked for similarities between that case and a burglary of another home on the same block Jan. 7, in which the electronic equipment was stolen, Bailey said.
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