Protesters Snarl Downtown Traffic

Trusty field reporter Cory Capron tells us (well, not “us,” but “me”…and there aren’t any cvillenews.com reporters, either, as long as I’m confessing, just my girlfriend’s brother, who just called me) that anti-war protesters have completely blocked the Ridge-McIntire/West Main Street intersection, at the Lewis and Clark statue. Motor traffic has come to a standstill, with angry motorists getting out of their cars in the rain. police attempting to control the situation, and ambulances arriving at the scene, indicating that fighting has probably started. 03/21 Update: Be sure to read the comments for a better description of what happened.

Walk-Outs, Protests Today

Cecil writes: Several student groups at UVA are coordinating to plan a walk-out from classes at 2:00 today, to protest the U.S. attacks on Iraq. See the Cav Daily story for more.

In addition, a rally on the Downtown Mall is planned for noon, and a protest on the corner of Ridge/McIntire and West Main at 4pm. Lousy day for protesting. If anybody wants to write about their experiences with these protests, this’d be the place to do it.

Ivy Industries Nabbed in Bank Theft

The (now-former) CEO of moulding-manufacturer Ivy Industries, John Reid, has confessed to stealing $2.4MM from Albemarle First Bank. Reid says that he set up the check-kiting scheme between Albemarle First and SunTrust in an effort to keep his business afloat. He was caught when he tried to tie a new bank, Southern Financial, into the scheme. Ivy Industries laid off 40 of their 50 employees last Friday. Monday, Albemarle First filed a $10MM suit against Reid and four of the organizations’ officers. David Dadurka has the story in today’s Progress. 4:09pm Update: Also, see The Hook’s story for a whole mess more information.

WVIR Launches New Website

WVIR (NBC 29) has a fancy new website. Of relevance here, they’re back to providing local news, although it looks like they’re not archiving it at all, but presumably overwriting it every day. Not linkable, unfortunately, but certainly worth reading. Remember not to go to WVIR.com, boys and girls, because that’s a porn site.

Albemarle First Gets Scammed

Albemarle First Bank has lost somewhere in the vicinity of $2.4MM in a scam known as “check kiting.” It involves a chain of checks between banks, the final one in the chain being left holding the bag when it comes time to produce the money. Albemarle First does not think that they’ll be able to recover the money. Consequently, the bank will now has a first-quarter loss of $1.94. In heavy trading, their stock dropped 28% on the news. Dow Jones has the story.

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