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Capital One credit card charge-offs increase

Local credit giant Capital One (based in McLean, VA) has stated that its rate of uncollectible credit card balances increased in the third quarter. Initially, it seemed that consumers were showing progress in paying credit card bills, but with the rate of unemployment continuing to climb, consumers are concentrating on major bill payments such as mortgage and automobile payments.

Charge offs for Capital One have increased from $366.8 million to 368 million continuing to show that consumers are still under stress and enduring financial hardships. It has been noted that while consumers are attempting to make payments on their credit card debt, they are still delinquent in their payments.

It has been found that consumers are using credit cards for basic needs such as groceries, gas and prescription drug purchases. In addition, most consumers are carrying at least $10,000 in credit card debt and have at least 5 credit cards.

Mother Dies Saving Children in Blaze

LORTON, Va. (WUSA) -- "I just lost my son, and now my grandbabies are gone," said Grace Hamilton, the grandmother of the two children who died in a house fire Wednesday. She believes the fire must have started by a candle left unattended.

"I watched them pull out my grandson," said Dwayne Hamilton, Grace's husband. He broke down in tears, and he thought about his grandsons who died: three-year-old Alfonso and five year old Solomon. Their mother, 24 year old Eileen "Allie" Anderson.

Fairfax Fire Spokesperson Dan Schmidt says autopsies revealed all three victims died from smoke inhalation. The investigators are still working on determining the cause of the fire.

The Workhouse Arts Center Presents Art, Wine & All That Jazz Festival

This was sent to us from the Workhouse Arts Center:

The Workhouse Arts Center will present its 2nd annual Art, Wine & All That Jazz festival on October 2!  The festival follows in the footsteps of many historic performances at the Workhouse.  During the 1950s and 1960s, the famous Lorton Prison was the setting for regular concerts by musical stars such as Frank Sinatra, Duke Ellington, Johnny Hodges, Louis Armstrong and Ella Fitzgerald.  This year, the Workhouse will welcome back “The Deanna Bogart Band” along with a range of new and exciting talent!

BizFair 2010 is Next Week

This was sent to us by the Greater Springfield Chamber of Commerce:

BizFair 2010 is a joint venture of the Greater Sprinfield Chamber of Commerce and Springfield Civic Association that will be held on November 16. It will be held from 6:00 to 8:00 p.m. at the Springfield Mall. At BizFair 2010 residents from across southeast Fairfax County will meet local business to consumer companies in time to SHOP LOCAL for the holidays. BizFair is the ideal time to make your list, and check it twice, in planning for the holidays.

NEW THIS YEAR . . .

~ Discounted early-bird vendor registration rate ~ Networking reception ~ Live music ~ Lite holiday fare (a small taste of the season)

Exhibit space includes a linen covered 6ft display table and 2 chairs. 

Early-bird exhibitor registration, $150, available through November 9.

BizFair 2010 is free to the public.

 

Macy's Shop for a Cause Returns

Macy's will support Civil Air Patrol (CAP) through "Shop for a Cause" once again this year. The event will be held at Springfield Mall in Springfield, VA on Saturday, October 16. Last year, Civil Patrol's National Capital Wing, a nonprofit organization serving the D.C. metro area raised over $1,500 through this event. The organization hopes to meet and surpass these numbers at this year's Shop for a Cause.

 

Wrestling Official Arrested On Child Pornography Charges In Lorton

LORTON, Va. (WUSA) -- A tip to police from the Fairfax County Fire Marshals Office has led to the arrest of a wrestling official on child pornography charges in Virginia.

Fairfax County Police received the tip after fire investigators observed suspected child pornography inside the home of 51-year-old Mark Barget of the 8300 block of Green Heron Way in Lorton.  Barget was arrested Sunday following a subsequent three-month investigation.

Police say Barget is charged with ten counts of possessing child pornography.

According to officials, Barget judges middle and high school wrestling matches.

Detectives want to hear from anyone else who feels they have additional information in the case.

Last Section of Fairfax Co. Parkway Set to Open in Hopes of Easing Morning and Afternoon Traffic

The final extension of one of the D.C. Metropolitan area’s busiest commuter route is almost complete; and it has the potential to improve before and after work travel for everyone.

The last 1.9 miles of the Fairfax County Parkway will allow for a quicker and easier trip from Fort Belvoir and Interstate 95 to Herndon.

The northbound lanes will open after Friday night's rush hour. Southbound lanes will open next Tuesday.

Part of the road was dedicated as the "Trooper Charles Mark Cosslett Memorial Highway;” named after state trooper Charles Mark Cosslett who died in 2002 when a tow-truck struck his motorcycle on Interstate 95 southbound near Springfield.