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Kraintz says "parallel street" could help

Manchester wants to revitalize its Historic Town Center commercial and retail area, south and north of Manchester Road between Highway 141 and Sulphur Springs Road.And an initial conceptual proposal presented to the Board of Aldermen calls for a secondary 3,000-foot "parallel street" in the area of Second and Park streets, just south of and parallel to Manchester Road, to allow better access to businesses and to allow customers to avoid traffic snarls on Manchester.Franz Kraintz, the city's director of planning, zoning and economic development, told the board July 16 a revitalization plan stems from the city's 2003 comprehensive plan and is geared to pursue economic opportunity in the city's commercial corridor.He said the new road would create a "main street" within a proposed central business district that would have street-level retail stores with offices or homes on second and third stories.An entry, or "slip" ramp, could lead to the new road from Manchester and allow traffic to slow down when entering the parallel road, "which would be our Historic District gateway, featuring open space and plazas, and wide sidewalks and a lot of landscaping," Kraintz said.


FoldRx and Cystic Fibrosis Foundation Therapeutics Announce $22 Million Collaboration

CAMBRIDGE, Mass. & BETHESDA, Md.--(BUSINESS WIRE)--FoldRx Pharmaceuticals, Inc. (FoldRx) and Cystic Fibrosis Foundation Therapeutics, Inc. (CFFT), the nonprofit affiliate of the Cystic Fibrosis Foundation, announced today that FoldRx will receive up to $22 million over five years to discover and develop new compounds aimed at treating a core defect in cystic fibrosis. The research, development and commercialization agreement -- one of the largest of its kind for CFFT -- calls for FoldRx to use its novel yeast-based, high throughput screening platform to detect new compounds that could improve the function of a misfolded protein associated with cystic fibrosis, thus helping treat the disease.

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08/11 Church news

A New Beginning. Revival. Aug. 12. Services through Aug. 15 with missionary to Belize and church planter the Rev. Santiago Shol. Sunday School at 10 a.m. with morning worship at 11 a.m. Sunday 6 p.m. and MOnday through Wednesday at 7 p.m. , Center.

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Angel of Joy Lutheran - ELCA. Sunday events. 10:15 a.m. Sundays; Weekly events. Aug. 13. My Brother's Keeper quilting ministry meets 7 p.m. Monday. Signup continues for adult Bible class, Contemporary Literature and the Life of Faith, beginning the last week in August. 4003 Daniel McCall Drive, Lufkin, 936-632-4777.

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Bald Hill Baptist. Women's Bible study. 10 a.m. Aug. 20 6:30 p.m. Aug. 20. Study on "Twelve Extraordinary Women" on the book by John MacArthur meets May 21, June 18, July 23 and August 20 in two sessions to choose from.


The Economic Integration of SAARC

Economic growth today is a collective matter in a very significant way. Not even a nation, big or small, can think of going it alone anymore. In fact, the whole world has become so inter-linked that every event no matter how small or where it happens is having an instant worldwide effect. Earlier, the world had to deal with rising nationalism, and governments had to find ways to protect domestic industries from outside competition. Now, the world is increasingly dealing with globalization, and so governments have to promote the efficient management of domestic industries in order to withstand foreign competition. The term �globalization� may entail many things. From an economic point of view, globalization refers to the effects of extensive free trade among nations as well as the increase in the movement of capital and labor.


Chrysler gets a new driver

Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.

Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and CEO of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came three days after private-equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler.

"The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to ... make a significant change in the auto industry."

LaSorda said Nardelli is a strong manager who has helped companies grow and he is happy to be working with him.


Former Home Depot chief is handed reins at Chrysler

AUBURN HILLS, Mich. - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive officer was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left Home Depot Inc. in January after a shareholder rebellion over his outsize pay, was named chairman and CEO of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private-equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. .



 

 

 

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