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The Nifty 250: news of the day in so many words

<b>Monday Feb 1:</b> Hole crackdown; Liverpool One a nice little earner; dodgy goods in dodgy territory and Rooneys sued

Published on February 1st 2010.


The Nifty 250: news of the day in so many words

LIVERPOOL ONE HAS EARNED the city £1.7M a year in rent revenue as part of a deal brokered with developers, Grosvenor. Lauded by business leaders and politicians as an example of regeneration that has delivered benefits across the board, the council receives five percent of rents.

Liverpool Council leader Warren Bradley, said Liverpool One had been a “win-win” for the city.

LIVERPOOL CITY COUNCIL SAYS IT IS TO LAUNCH A CRACKDOWN ON UTILITY COMPANIES that dig up holes in the roads and pavements then fail to repair them. It will impose fines on companies that do not reinstate the road to a decent level after 78,000 holes were dug last year, but because of legislation, only 6 percent could be inspected.

Now, the council will issue notices to contractors to put right streets or face a £47.50 charge if the work is not done in 17 days.in huge bonuses while plunging the world into economic chaos.

SEIZED ILLEGAL GOODS ARE TO BE MOVED FROM SECRET VAULT AMID FEARS that thieves could raid it. Security at the warehouse in Liverpool, where everything from pirate DVDs to cars and booze are stored, is deemed to be so vulnerable that it has been judged to be a red level risk with the council preparing to sign a £30,000 per-year lease for another storage unit.

THE ROONEYS ARE TO APPEAR IN COURT after being sued for £4m by their former management company for loss of earnings. Wayne and Coleen left the James Grant Group when their agent, Paul Stretford, left the company and took his star clients with him in 2008.

URBAN TERM OF THE DAY:
Street creep: (n). A new perjorative term for Wall Street executives who raked

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