Seminar focuses on avoiding fraud
State financial regulators and the AARP are offering a seminar this week designed to fight fraud – especially those perpetrated by con men attempting to steal from retired Americans.
The seminar is free, includes lunch and begins at 9:30 a.m. Wednesday at the Red Lion Hotel at the Park. There’s room still available for those who register for the “Invest Wise Washington” today by 5 p.m., either by calling (877) 926-8300 or online at aarp.org/wa.
Topics will including how to detect investment scams and alert people to sophisticated financial transactions to avoid.
Anaheim, Calif.
Disney fights next-door condos
The Happiest Place on Earth doesn’t want any new neighbors.
The Walt Disney Co. has sued the city of Anaheim to stop the proposed construction of 1,500 condos, including several hundred low-income units, at the doorstep of Disneyland.
Housing advocates say the units are desperately needed to accommodate workers who are essential to the city’s huge tourism industry but can’t afford to live there. Many workers spend at least four hours a day commuting from outlying areas where rent is cheaper.
Disneyland and other tourism-oriented businesses say that housing will drive away visitors from the park – which pumps an estimated $3.6 billion into Southern California’s economy each year – and open the way for the return of the cheap motels, neon signs and scraggly landscaping that marked the area in the early days of Disneyland.
Atlantic City, N.J.
Trump company may consider sale
The casino company that bears Donald Trump’s name said Monday that it has hired an investment firm to help it explore strategic alternatives that could include a possible sale.
Trump Entertainment Resorts Inc., which lists Donald Trump as chairman, said it retained Merrill Lynch to assist in identifying and evaluating capital structure, financing and other options. It would not comment further.
“The real question is whether Trump is in play,” Adam Steinberg, an analyst with Morgan Joseph & Co., wrote in a research report Monday. “The answer is that virtually all casino companies, in this environment, can be had.”