Business: HUD selling foreclosed homes for $1

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Looking to give back to the community? Visit DoGood.ajc.com today.  Log on to ajc.com from your mobile device and download the new ajc icon for Blackberry users. 3344 Peachtree stands tall My Opinion Thomas Oliver: The capitulation of capitalism is complete. Some foreclosed houses being sold for a dollar It'is a given that in a slumping market home prices are going to decline. But $1 for a house intown? Apparently, even the huge U.S. Department of Housing and Urban Development can grow exasperated trying to sell a single home. So sometimes it dangles the offer of a buck. Coke, bottling company plan to ease friction Coca-Cola Co. and Coca-Cola Enterprises, Coke's largest bottler, likely will reach an agreement by the end of the year that could create a supply chain management company, according to Morgan Stanley analyst Bill Pecoriello. The two companies have been in frequent talks on how to address problems in North America. Sovereign a regal addition to Atlanta skyline The developers of 3344 Peachtree, the tallest new building in Atlanta in 16 years, could not have picked a more inhospitable year to open. Project financing is virtually non-existent. Banks are failing. Bankruptcy filings are at record levels. And condo sales are as infrequent as the rain. •Photos Georgia manufacturing, new orders down Georgia production has hit the skids, dropping in October to its worst level since the lowest point of the 2001 recession, according to the monthly survey by Kennesaw State. The index compiled by the school's Econometric Center fell to 34 last month, a drop of 5.6 points from September and 15.6 points since July. Delta, Northwest employees to work with Habitat It may take two years for Delta Air Lines to complete its takeover of Northwest Airlines, but company do-gooders are already moving to work together. Fifty-eight volunteers from Delta and 12 from Northwest will fly to Chile Friday to work on houses with Habitat for Humanity. Obama to inherit feeble economy awash in red ink To the victor goes the mess. Barack Obama's presidential election victory comes with an albatross of a prize - an economy beset by a stubborn housing slump and the worst financial crisis in 70 years. Consumers and businesses are sharply reducing their spending and the government is awash in red ink. •Obama victory helps unions, auto companies •In-flight, and stuck with a seatmate's politics Stocks dive after Tuesday rally Wall Street prepared to cash in some of the previous session's big gains Wednesday, focusing on the weak economy after Barack Obama's election to the White House. GAO: Feds could speed up oil drilling The government isn't doing enough to expedite drilling in federal waters and on public lands, according to a new report from congressional investigators. U.S. News will become a monthly magazine News magazines have struggled in recent years, and U.S. News & World Report has been especially troubled, making deep staff cuts and trailing far behind Time and Newsweek in circulation and advertising.  Detroit revives a hotel and some hope Late last month, in what seemed like a civic catharsis, 700 people gathered to celebrate a $200 million restoration that transformed the long-shuttered Book Cadillac hotel into a showcase of luxury lodging, housing, dining and entertainment. Like a billboard, but, oh, so sleek One of the biggest and fanciest shopping malls in Europe opened in London last week in a test of British consumers' ability to keep spending during a steep downturn. Looking for an auto dealer? Look here first. www.ajccars.com The last word on schools! The NEW Ultimate Atlanta School Guide Order today at ajcstore.com Your Business News More on AJC AJC Home Business Insider Vents Traffic Business Page Markets Weather Lotteries CNN Private Quarters accessAtlanta Living Coke BellSouth ajccars Metro Delta Technobuddy ajcclassifieds Nation-World Ga. 100 Stocks Wage Finder ajchomefinder Opinion Home Depot Your Business ajcjobs Shopping UPS Your Money Mobile Sports Alerts Sports * Copyright © 2008, The Atlanta Journal-Constitution. This news, information and advertising message is brought to you by Atlanta Journal Constitution, 72 Marietta St., N. W., Atlanta,GA 30303. This information is for personal use only and is not available for redistribution. This email was sent to: fpac.rangola@blogger.com Please do not reply to this e-mail. If you wish to remove your e-mail address from future mailings, please visit the subscription center. Manage your profile by visiting our profile center. If you have a question or concern about AJC e-mail newsletters, please visit our customer care site: http://www.ajc.com/newsletters To receive the latest Atlanta News and Sports Get The Atlanta Journal-Constitution delivered! Subscribe Today!				Sponsored by