Tuesday, October 28, 2008

Presspass - Business Edition

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Unemployment, rising cost of living boost number of those losing homes

Shoppers who are watching their wallets have led stores to cut back their orders and factories to trim production, a scenario that puts truck driver Charles Hayes in danger of losing his Goose Creek home. With fewer deliveries to make, the small company he works for switched to a four-day work week to keep all 16 drivers on the payroll.

Builder with nothing to build in busted boomtown

LAS VEGAS â€" Sitting on his shady veranda, tanned and trim, Lou DeSangro looks like a man who's made it. From the backyard of the dream home he built himself, he admires his rock grotto fountain, glittering pool and a custom outdoor kitchen.

Turning the SPA greener

Jeannie Adame is the living, breathing, latest item on the State Ports Authority's laundry list of environmental initiatives. She is the SPA's first environmental affairs manager. And she has plenty to manage. Over the past two years, the SPA has beefed up its efforts to reduce pollution. Last year the agency signed an agreement with the state Department of Health and Environmental Control to reduce emissions.

Let the bank bailout begin

WASHINGTON â€" The government prepared Monday to move the first batch of bailout money to banks as fretful world markets plunged again. Wall Street ended with a big drop at the closing bell, sending the Dow Jones industrials to their lowest close since the financial meltdown began.

Few trees fall in forest

ACKSON, Miss. â€" The glut of homes in foreclosure, vacant, or stuck on the market has the nation's lumber industry hanging on by a limb. Since housing starts hit their peak in mid-2005, demand for lumber used in floors, home frames and cabinets has declined sharply, and experts say the number of unsold homes would need to significantly decrease before homebuilders commit to building new ones.










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