Jobless rise seen after attacks, latest unemployment data
Treasury Secretary Paul O Neill warns of higher unemployment with bin Laden numbers, while Elaine Chao cites the attacks as a driver. September saw a 198000 job drop, the largest since February 1991, with 95 000 manufacturing jobs lost and 1.1 million total over the year. Naroff warns the job picture is grim as both surveys reflect similar trends.
MENTIONED IN THIS ARTICLE
Treasury
Paul O'Neill
bin Laden
Labor
Elaine Chao
Osama bin Laden
Joel L. Naroff
Naroff Economic Advisors Inc
Unemployment Rate Stuck After Attacks Warns of Rise
The article notes unemployment could climb to 6.5 percent before recovery, down from 3.9 percent a year earlier. Service jobs fall as 41,000 positions are cut, led by business services. President Bush negotiates a $75 billion stimulus with Congress, including extended benefits and $8 billion in grants, while Democrats argue it favors tax cuts for the wealthy over aid for workers.
MENTIONED IN THIS ARTICLE
Dean Baker
Center For Economic and Policy Research
Bush
White House
Congress
Charles Rangel
New York
Ways and Means
City plans Camellia Street 30-home redevelopment project
Frommer notes 183 public safety calls in three years for the Camellia area and says the city will offer up to 1000 to move manufactured homes to clear 7.56 acres for new development. Aiken Housing Authority partners with the city to create 30 homes with roads water and sewer, funded by grants and lot sales.
MENTIONED IN THIS ARTICLE
Frommer
LeDuc
Camellia Street
Sunday and
Edrie Avenues
Aiken Housing Authority
Housing Authority
Busch Crossing
Chesterfield North
Reginald Barner
Barner
S.C
Chesterfield North Housing Venture Seeks Affordable Homes
Chesterfield North marks a joint venture between the Housing Authority and the city to provide homes for low to moderate income residents. The Authority spent 60000 on land while the city received 220000 for construction. a city Home Grant may cut up to 15000 from home prices. Financing offers rates near 5 percent with monthly mortgage payments between 250 and 300. The project aims to replace housing projects with owner occupied homes and neighborhood redevelopment.
MENTIONED IN THIS ARTICLE
Chesterfield North
Housing Authority
Barner
LeDuc
S.C. Housing Authority
Back-to-back Navy missile truck crashes raise security concerns
Two trucks carrying weapons for the military crashed within 14 hours, prompting renewed worries about a system moving some 42,000 ammunition shipments annually. Officials cited tightened security after 9 11 and a critical report, while the Tri State Motor Transit company faced questions over safety and incident response.
MENTIONED IN THIS ARTICLE
Navy
Washington
Army
Military
Ments
John Randt
Frederick
Mad
Danny L. Harkey
Joplin
Randt
West Virginia
Tri-State Motor Transit
Ralph Nelson
The
Traffic Command
Bush urges tax cuts tied to stimulus plan in blunt meeting
A White House briefing described as brutally frank featured Bush arguing that Congress should cut taxes to stimulate the economy. He cited about 60 billion in spending already underway and proposed extending unemployment benefits by 13 weeks plus roughly 60 billion in tax cuts. House Republican leaders prepared a package up to 75 billion without Democratic Senate input, drawing Democratic criticism over partisan timing.
MENTIONED IN THIS ARTICLE
White House
GOP
Bush
Congress
Rose Garden
House
Dick Armey
Texas
Democrats
Senate
Bill Thomas
California
Rep
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Comma.a
Vom ‘Wer
Spode
Hope Chest
Ison Bacot
Greg Smt
Cea Boggs
Eric Thome
Hao
Colmet Fobs
Dts
Coward
Dade Hoffa
Jeffer Gra
Don Hey
Shane Pope
Ou Smit
See Caro
Weining
Bintan
Remium Bassett
Bassett Oey
Merino
Reg
Bassett Paladium
Bassett Hanson
Bassett Barbadous
BassettAugusta
Augusta West Parkway
NY Ofen
Pine Log Rd
Aiken
S Freedom
Pee Mesa
Aclad Ace Aiken
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