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McDonnell Trial Reviewed(1)

October 30, 2014

In closing statements of former Governor Bob McDonnell’s August trial, lead prosecutor Michael Dry made a remarkable statement. McDonnell had flat-out denied key testimony of star witness Jonnie R. Williams, a suspected con man under federal investigation who had agreed to testify in exchange for a generous immunity agreement. Dry acknowledged that jurors might suspect […]

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Taking the Bogey Out of Government-Run Golf

How many golf courses does the Commonwealth of Virginia own? No, that is not a ‘how many people does it take to screw in a light bulb’ question. Owning and operating golf courses is not a core government function. It is effectively competing against private enterprises that usually do the job at a lower cost […]

Fostering Regional Collaboration Case by Case

For reasons rooted in local identity and entrenched political interest, Virginians are unlikely to consolidate their local governments into units aligned with the metropolitan regions they serve. But it is not impossible to imagine governments partnering regionally on specific projects. A new study by the Joint Legislative Audit and Review Commission, “Encouraging Local Collaboration through […]

State Retirement System: Investments Solid for Now

In the waning months of service as one of nine Virginia Retirement System trustees, I find myself in simpatico with Rod Smyth, Chairman of the VRS Investment Advisory Committee, and Chief Investment Strategist for Riverfront Investment Group. Smyth describes VRS assets: “stocks (domestic and international), a wide spectrum of bond/credit (from Treasuries to high yield), […]

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