From the daily archives:

Monday, August 24, 2009

Three of the men involved in third largest armored car heist in US history have been sentenced. Darryl Frierson, the Express Teller Armored Car Services employee considered the one who planned the heist in Columbia in 2007, received 25 years in prison. Jeremy McPhail and Dominic Lyde received the same. Paul Whitaker received three years for conspiracy. The judge denied a request to reduce the 25-year sentences already given to Domonique Blakney and Kelby Blakney.The thieves made off with almost $10 million. More than $5 million of that remains missing. But authorities say the heist team underestimated the amount in the truck that day, and they made off with a little more than half of what was there.

Investigators say the six young men, four of whom were college students, then spent a week throwing money around on strippers, tennis shoes and cars, as well as Mother’s Day gifts. [click to continue…]

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BEA takes dim view, more state cuts to come

by Ashley Byrd 08/24/09 6:01 PM

The South Carolina economy needs to get stronger, says the state’s Board of Economic Advisors.The BEA is the offical voice of the state in economic matters. Late Friday, the board kept is assessment of the state’s budget the same. That means that, in spite of some positive unemployment and income tax numbers numbers last week, [...]

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Santee Cooper suspends plans for proposed Florence Co. plant

by William Christopher 08/24/09 2:46 PM

The Santee Cooper board of directors decided Monday to suspend efforts to permit the Pee Dee Energy Campus, a proposed coal-fired plant in Florence County.Santee Cooper spokesperson Laura Varn says the recession has had a severe impact on sales at the state-owned utility.  “Our sales are down 5 percent and industrial sales are down 18 percent.  [...]

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One local government, citizens welcome transparency tool

by Ashley Byrd 08/24/09 2:07 PM

In an effort to become more transparent, ten local governments in South Carolina are posting their spending details on the Internet.Last year, state Comptroller Richard Eckstrom unveiled a spending transparency Web site for state government and expanded the transparency initiative to local governments, encouraging them to post their checkbooks on their Web sites.
The town of [...]

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SC Chamber CEO says state must gear for growth

by Tom Hayes 08/24/09 1:32 PM

South Carolina Chamber of Commerce President and CEO Otis Rawl says the hot issue in the state and nationwide is health care reform. Rawl says efforts have to be made legislatively and from a business structure standpoint to allow more businesses to provide cost effective health care for employees, keeping in mind that self-employed persons [...]

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