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Shopping center; Thai eatery planned on Perkins

Thai Kitchen owner Sam Sanguanruang will open the new fine-dining restaurant at the center of an L-shaped shopping center between Southside Produce and the Southside YMCA, said Chris Shaheen, a Saurage Commercial Real Estate broker who’s managing the development of the center for Sanguanruang.

Fed cuts target for key rate to record low

The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use “all available tools” to combat a severe financial crisis and prolonged recession…