AltWeeklies Wire

Rural People Once Watched the Weather; Now They Track the Price of Oilnew

Rural America's deep disaffection is in some ways more terrible than the pain of the inner city -- because urbanites never harbored any illusions about the Republicans' deceptive rhetoric.
Philadelphia City Paper  |  Bruce Schimmel  |  04-29-2008  |  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

As Natural Resources Dwindle, Vermont's Scrap Yards Find Business Boomingnew

If you bring a ton of No. 1 Steel to a scrap yard today, you'll get a check for $210; last year you might have taken home only $130 for the same weight. The booming market has even spun off its own cottage industry of thieves.
Seven Days  |  Kirk Kardashian  |  04-21-2008  |  Economy

Development-Mad Orlando Ignores Flailing Economynew

The $1.8 billion plan to build two new downtown venues and renovate a third that almost never gets used is rock-solid. Yes, it's based on rising property values, increasing tourism and people snapping up downtown condos, but it's rock-solid nonetheless. And that's all you need to know.
Orlando Weekly  |  Jeffrey C. Billman  |  04-21-2008  |  Economy

Monterey County Foreclosures on the Risenew

If the pace continues, the number of foreclosures in the county this year will hit close to 4,000; last year the total was 1,568. "This is unprecedented," says Lou Solton, county treasurer and tax collector for 23 years. "There have been other downturns in the real estate market but never this pronounced and not this lengthy."
Monterey County Weekly  |  Zachary Stahl  |  04-17-2008  |  Economy

ExxonMobil Exec Heads to Masters Tournamentnew

Our reporter asks an oil industry mogul on his way to the prestigious Masters Tournament whether high gas prices will affect his travel plans.
Metro Spirit  |  Murfee Faulk  |  04-15-2008  |  Economy

Party Like It's 1929

The "structural recession" was declared in 1992. It's here now.
Maui Time  |  Ted Rall  |  04-15-2008  |  Economy

Washington Cracks Down on Foreclosure 'Rescue' Schemesnew

The state's new law establishes a five-day opt-out period if the homeowner smells a scam; it requires that the homeowner be able to afford all the terms and receive 82 percent of the fair market value if the house is sold.
Seattle Weekly  |  Jesse Froehling  |  04-07-2008  |  Economy

The High Cost of Credit on Campusnew

Giving away gifts is a popular tactic credit card companies use on college campuses, but consumer advocates say many undergraduates end up with late fees, high balances and delinquencies.
Dig Boston  |  Arvin Temkar  |  04-03-2008  |  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

Caught Up in a Mortgage Servicing Swindlenew

How two sisters fell victim to a national mortgage scam, and how it could happen again.
New Haven Advocate  |  Betsy Yagla  |  03-25-2008  |  Economy

Darren Joyner Just Wants a Jobnew

In the last three years the Army vet with accounting experience has sent out more than 450 resumes, and has had only three job interviews.
Philadelphia Weekly  |  Kia Gregory  |  03-24-2008  |  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

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