Section: Sports - -,  Page: C5

Date: Wednesday, July 14, 2010

The final sentences in a BusinessWeek story last month that featured Albany NanoTech's Alain Kaloyeros has some neighbors of the research complex on edge.

Here are the sentences about Kaloyeros: "His goal, he jokes, is to expand his R&D campus so he can walk to the nearest Starbucks without going outside. That Starbucks is a mile away."

The story was making its way via e-mail around the neighborhood.

"All residents of McKownville, especially those living on Providence, Mercer and Warren streets, should make sure they read the last sentence," wrote neighbor Don Reeb.

Those streets, of course, lie between the existing nanotech complex and the Starbucks at Stuyvesant Plaza.

Said a spokesman for Albany NanoTech: "BusinessWeek pointed out that this was a joke, and we're delighted that Don Reeb was able to recognize it as such."

Oh, right; that Malta

We wonder if it's warm on the island of Malta this time of year.

After all, that is where the San Francisco Business Times reported that GlobalFoundries Inc. is building its chip fab.

The business weekly wrote on March 4 that GlobalFoundries was building a $4.2 billion computer chip factory in New York state and another $4.6 billion plant on the "island of Malta in the Mediterranean."

It's an easy mistake to make, we guess, for someone on the West Coast.

After all, there is a city of Saratoga just south of Sunnyvale, Calif., where GlobalFoundries is based, and people in the Capital Region may never have heard of that city.

A stimulating stimulus

Now here's a bailout that's sure to be less controversial than the federal government's recent help for financial institutions and Wall Street: Three taverns in Saratoga County say they'll "bail out" customers suffering "in this distresssing economy" by slashing food and drink prices in half for one day each.

The Rusty Nail in Clifton Park, The Mill on Round Lake and Bentley's Tavern in Malta will hold "tavern stimulus days" on April 13, April 21 and April 28, respectively.

And if you have a little too much "stimulus" on one of the half-price days, the taverns will offer another bailout: a free taxi ride home.

The Buzz is compiled by the Business staff. This week's contributors were Eric Anderson, Chris Churchill and Larry Rulison.