AltWeeklies Wire

Budget Cuts Target Virginia's Neediest Kids...To Save $8 Millionnew

One of the most troubling aspects of Virginia Gov. Tim Kaine’s budget proposal is that we do without any state-run emergency mental health beds for those under 18. Both child advocates and mental health watchdogs say this is a terrible idea that will crowd hospitals, correctional facilities and, some worry, morgues.
C-Ville Weekly  |  Will Goldsmith  |  02-25-2009  |  Economy

Virginian Artists and Teachers Struggle with Gov's Budget Cutsnew

As part of Gov. Tim Kaine's Oct. 9 budget cuts, state funds for the Virginia Commission for the Arts were reduced by 15 percent, and the Virginia Arts Foundation fund has been frozen.
C-Ville Weekly  |  Brendan Fitzgerald  |  01-07-2009  |  Economy

The Upside of the Downturn: Why This Will Be The Greatest Depression Evernew

Maybe, just maybe, we will grow more healthy, more educated, working fulfilling jobs and listening to better music. Maybe this downturn is just the thing we need to move forward as a nation, to grow some grit and steady our nerves.
C-Ville Weekly  |  Scott Weaver  |  12-03-2008  |  Economy

Don't Let the Weasels in the Stock Market Doornew

I'm not really surprised when the managers of large corporations do something dishonest. But I'm surprised when they do dumb things against their own self-interest.
C-Ville Weekly  |  Al Crabb  |  10-01-2008  |  Economy

Home Sales Down, but Prices Are Up: Blame it on the Credit Crunchnew

After the bottom fell out of the subprime mortgage debacle, lenders started to look at potential borrowers with greater scrutiny. Gone are the days of borrowers with weak credit snagging mortgages with no money down. Yet higher-priced houses are still moving because better-off buyers have an easier time getting loans.
C-Ville Weekly  |  Scott Weaver  |  04-23-2008  |  Economy

Why Go to a Payday Lender Anyway?new

The answer is very often because there aren't better options.
C-Ville Weekly  |  Scott Weaver  |  03-26-2008  |  Economy

Inside Advance America's Pocketbooknew

The numbers on America's biggest payday lender.
C-Ville Weekly  |  Will Goldsmith  |  03-26-2008  |  Economy

Caught in the Payday Lending Cyclenew

Thomasine Wilson took out one payday loan in 2003. Two years and $2,000 later, she pulled herself out of the cycle of debt that the loan touched off.
C-Ville Weekly  |  Scott Weaver and Will Goldsmith  |  03-26-2008  |  Economy

The False Promise of the State Lotterynew

In 1999, Virginia voters overwhelmingly passed a constitutional referendum designating all state lottery proceeds to education, but when you buy a lottery ticket, only a fraction goes towards education.
C-Ville Weekly  |  Jayson Whitehead  |  03-19-2008  |  Economy

UVA Professor Talks Credit Crisisnew

Commerce School Professor Robert Webb, who specializes in the study of speculative markets, points out that last year, the European Central Bank and the Fed made rate cuts that analysts thought would be a shorter involvement than it has turned out to be.
C-Ville Weekly  |  Will Goldsmith  |  01-30-2008  |  Economy

Cities Ask Virginia to Cap Payday Lending at 36 Percentnew

Currently, most lenders charge borrowers $15 interest for every $100 borrowed -- per week. The APR on these loans can balloon to 391 percent, trapping borrowers in a vicious cycle of debt.
C-Ville Weekly  |  Scott Weaver  |  11-07-2007  |  Economy

Virginia Mortgage Foreclosures Increasenew

Charlottesville area has nation's worst racial discrepancy in high-cost lending.
C-Ville Weekly  |  Scott Weaver  |  08-22-2007  |  Economy

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