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Erie PA News and Events for Sunday December 10, 2006
Posted by Dennis on December 10, 2006
Unlike scandals at Enron and Tyco, where fraud disguised huge losses, Rent-Way’s deceptions exaggerated growth.
There is a great, Pulitzer Prize Explanatory Reporting great, story in today’s New York Times by Charles Duhigg on the downfall of Erie based Rentway.
Renway was a growth company. When growth slowed, three company officials cooked the books so it would appear the company was still growing at an exponential rate. Founder and CEO Bill Morgenstern made the decision to reveal everything. The openness even surprised SEC officials. The company survived the scandal but was saddled with a ton of debt and high interest rates. Just as it seemed they would make through and stay in business, hurricane damage closed 2 dozen stores and business slowed at the other stores. The company was put up for sale and Rent-A-Center bought them out.
Morgenstern got a bad rap. He and his family were harassed to the point where they didn’t want to leave their home. After the sale, the Morgenstern family moved to North Carolina.
State Senator Jane Earll of Erie could be running for Pennsylvania Supreme Court next year, at least that’s the speculation by Peter Jackson in his AP story. She does have state-wide name recognition having run for Lieutenant Governor and voted against the pay raise for legislators and judges.
There is now a blog of happenings in Warren PA - Blog Warren. Welcome aboard.
Erie was mentioned in another New York Times article today. There is going to be a public hearing on a project by Con Edison in the NYC area. When one business owner, Paul D’Ambrosio the owner of Hudsons at 3713 Riverdale Avenue in Riverdale (the Bronx), heard about the hearing, he said “Where are they going to have it? Erie, Pennsylvania?” It was a reference to the trial of Monsignor Charles Kavanagh, a NY Archdiocese Catholic priest accused of sexual assault, which was held in Erie to keep down publicity and public awareness.
The heathens that run the City of Titusville have settled a lawsuit on behalf of Lighthouse Christian Center against the city. The city has a “church-free” zoning ordinance which was meant to keep churches out of Titusville’s C-1 commercial zone. It was probably intended to keep non-profits out of a commercial area but it sure hasn’t designed or thought out very well. Lighthouse will be allowed to rent space to move to a downtown facility where it can operate its outreach program, which is expected to include a Christian bookstore, television ministry, outreach to teens, and church services.
Kelly Geoffrey scored twice and added an assist to lead the Erie Otters to a 6-2 win over the Kingston Frontenacs in an Ontario Hockey League game played tonight in front of 3,814 at the Tullio Arena. Zack Torquato chipped in with a goal and two assists while Justin Hodgman and Stanislav Polodna each collected a goal and an assist. Andrew Hotham rounded out the scoring while Luke Gazdic supplied a pair of helpers as the Otters ended a three-game losing streak. Erie is now 8-22-0-2 on the season.
The Erie Philharmonic Come Home for the Holidays will be performed at the Warner Theatre today, Sunday and 10. Carl Topilow, Guest Pops Conductor. Erie’s premier holiday tradition continues with the Erie Philharmonic Chorus, Presque Isle Chorale, First Church of the Covenant Bell Choir and Shiloh Baptist Gospel Choir.
The Erie Playhouse production of A Christmas Story will be performed today Dec 10 and Dec 14-17. For info or tickets call (814) 454-2852 ext 0.
A limited number of spaces remain for Bowl with the Erie Otters presented by The Highmark Caring Place being held today from 10 am to noon at Rolling Meadow Lanes. This is your chance to spend a morning of fun with your favorite members of the Otters. Registration is $20 for adults and $15 for children (12 and under) and includes two games, shoe rental, an event t-shirt, prizes and tons of fun. Reserve your spot today by calling the Otters Office at (814) 455-7779.
There wil be a benefit for Crystal Clausen today from 1-5 pm at the South Erie Turners, 2663 Peach St in Erie. There will be a cash bar, food, Chinese Auction, prizes and music by the Moonlighters. Donation is $5 at the door and proceeds benefit Crystal, a 24 year old mother diagnosed with a brain tumor.
The annual Dance Studies “Cookies and Milk” holiday concert will take place today in the Montgomery Performance Space at Allegheny College. There will be two showings, the first at 2 pm and the second at 4 pm. Cookies, milk and coffee will be served in between the two performances, at 3 pm in the Campus Center lobby. The concert will include a wide variety of dance styles, including a welcome dance from Ghana, jazz, ballroom and contact improvisation pieces. The concert is free and open to the public, but reservations are recommended. For more information about this year’s “Cookies and Milk” concert or to reserve a seat, call the Dance Studies office at 332-2813.
The Gem City Concert Band will be presenting its annual Holiday Concert at St John’s Parish Center, adjacent to St. John Lutheran’s Church, 2216 Peach Street. The performance will be on Tuesday, December 12 at 7:30 pm and will include many holiday favorites and a Christmas Carol Sing-Along. Plenty of off-street parking is available. The concert is free and open to the public; free-will offerings will be accepted.
The Holiday Toy Drive (benefiting SafeNet Erie) and Gift Wrapping Party will be held at the Plymouth Tavern, 1109 State Street, on Wednesday, December 13 at 6 pm. Contact Melissa Newell at melissamnewell(at)gmail.com for information regarding the Toy Drive. Yep! has partnered with United Way Young Leaders for this event. Please join them in providing gifts for local families currently being sheltered.
The Presque Isle Chorus, a member of Sweet Adelines International, will be holding their Christmas Concert on December 18 at 7:30 pm at the Trinity Luthern Church, 14 East 38 St. Admission is free and everyone is welcome.
As part of Weaths Across America, 6 wreaths laid at the Erie Soldiers and Sailors Home Cemetery in Honor of the 5 branches of service and POW/MIA on December 14 at noon.
Posted by Dennis at December 10, 2006 7:06 AM
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