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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.

Lockheed Martin Makes Cuts In Bethesda Office

More than 600 executives have accepted financial incentives to leave the Bethesda, Md.-based military contractor.

"The executive reductions will help align the number of senior leaders with the overall decline of about 10,000 in the employee population since the beginning of last year, cut overhead costs and management layers and increase the corporation's speed and agility in meeting commitments," the company said in a statement.

Lockheed, along with the rest of the industry, is restructuring its operations and finding ways to cut costs to meet the Pentagon’s order for greater efficiency. After two costly wars in the Middle East and a global recession, growth in U.S. defense spending is limited.

Sales to the U.S. government in 2009 accounted for 85% of the company's total net sales.

Be a Member of the MoCo Public Library Teen Advisory Group

Montgomery County Public Libraries (MCPL) is recruiting members for its Teen Advisory Group, and teens, ages 14-18, who would like to promote library programming for teens and advocate for teen library service are invited to apply online through the library website, www.montgomerycountymd.gov/library.

Teens who like to read, write, and are interested in interviewing authors and public officials for the MCPL Teensite page or would like to work with Facebook, YouTube and/or video productions can check out details on the website.

Applications are due by September 11.  Candidates will be interviewed the week of September 20.  Teens accepted in the program will serve from September 2010 to May 2011 and will meet on a monthly basis.

For more details, check the MCPL website, or for questions, email teensite@montgomerycountymd.gov

Google Gives a Boost to Local Bethesda Businesses

Millions of people order products online -- and now Google has found a way to take the online shopping experience to a whole new level.

Google is collaborating with local businesses in the Washington, D.C. metropolitan area and 29 other U.S. cities, as well as Japan and Australia, to bring online shoppers a 360-degree tour of their favorite stores. Forget simply clicking on a picture of the item and purchasing; online shoppers now have the chance to see the entire inside of the store, from the floor to the ceiling.

“Zelaya”, a shoe store in Bethesda, was contacted by Google to be a part of this new project. Store owner Tony Zelaya, jumped at the chance to have this kind of exposure and marketing. He also uses social networking sites such as Facebook and Twitter to promote his store and considers this to be an amazing opportunity.

FREE Speech and Language Screenings

The National Speech/Language Therapy Center in Bethesda, Maryland is offering FREE screenings through the Early Detection Program (EDP) for the next six months.

The EDP is a community outreach initiative designed to help with the early detection of children who may be at risk for language or learning struggles (including autism)--when intervention is shown to be most effective. 

Early identification of children at risk for delays can lead to intervention services and family assistance at a young age, when the chances for improvement are best. 

The appointments must be made by calling the phone number below. To see if your child or the child of someone you know should be screened, please visit www.nationalspeech.com or call (301) 493-0023.

Rooftop Thursday Summer Pool Parties

Now through September 1, the Bethesda Double Tree Hotel is hosting the hottest happy hour in town!

The party takes place at their rooftop pool and features blended tropical drinks, beers, and appetizers.

Come join in on the fun every Thursday from 6pm to 9pm!

Mac Illiterate? No Problem!

If you’re contemplating making the switch from Windows to Mac and are not sure how to use a Mac, come get all of your questions answered at a free hands-on workshop offered by the Apple store of Bethesda.

On August 16th from 11am-12pm, the employees will show you the basics to using your computer.

iTunes and iPods still got you confused?   Don’t worry, the hands on training for these items begin at 6pm.