| Espresso-machine price leaves some steaming
The increase came largely because of the falling dollar, Lanz said. La Marzocco is based in Seattle, but its factory is in Florence, Italy. Stainless-steel prices are up, too, and the machine comes with a service contract, he said. Bill Crossland, the La Marzocco engineer who designed the GS/3, said it works without special plumbing or electrical adaptations. "It's really intended as a light commercial machine — catering and restaurants — and it can be used in the home," Crossland said. The machine is so good that Scott Morell, co-owner of Café Javasti in Seattle, stopped going to work every morning for coffee after Crossland lent him a GS/3 last fall. "It really is as good as you can get at your coffee shop," Morell said.
A St. Louis rivalry isn’t new, but here’s the South Side remix
The next chapter of the Chicago–Wash U saga gets added tomorrow when the basketball squads open league play at the Bear's lair. Before we add any more to the narrative, though, now seems like a good time to look back and see how the two schools became mortal enemies, on the field at least. At first glance, it seems like a matter of pure convenience. St. Louis is the only other Midwest city in the UAA, a good road trip distance for hardcore fans to make the drive south for the big showdowns. Proximity alone, however, doesn't explain the intensity when the Maroons and the Bears square off. “I'm not sure how the hype all started, but with us, I think it's a rivalry that has been built up by years of great competition and tight, exciting games," third-year midfielder Siggy Nachtergaele said.
AP Business NewsBrief at 2:22 p.m. EST
WASHINGTON (AP) _ President Bush's chief negotiator on an economic aid deal said Sunday the Senate should quickly get behind a plan or risk drawing the resentment of a frustrated public. The president and House leaders have agreed on a proposal to provide tax rebate checks to 117 million families and give businesses $50 billion in incentives to invest in new plants and equipment. The goal is to help head off a recession and boost consumer confidence. Wall Street Braces for More Volatilitynews://newsclip.ap.org/D8UEDEJG0@news.ap.orgNEW YORK (AP) _ Investors are exhausted after their whipsaw week, but they're not ruling out another one. All the assumptions Wall Street made when it recovered from steep losses last week _ that the Federal Reserve will cut rates again, that President Bush's stimulus plan will proceed, and that any recession that occurs might actually be shallow and quick _ are going to be tested.
First Midwest takes reverse stance on mortgage loans
First Midwest Bancorp Inc., one of the Chicago area's biggest locally headquartered banks, has restructured its mortgage practice to reflect a bigger emphasis on reverse mortgages instead of mortgage originations.
"We have a little older clientele, and from time to time, as part of the strategic planning of the bank, we look at the performance and market opportunities of all different areas," Cynthia Lance, executive vice president and corporate secretary, said last week.
"We realized we had a stronger need and impact in the reverse mortgage business, and we restructured that department for its emphasis to be primarily reverse mortgages and not in the origination area."
.
|
