Post Katrina real estate frenzy hits Biloxi neighborhoods
Rubble piles bear For Sale signs as Katrina wreckage fuels a swift real estate rush. Speculators and ruined-home owners target battered waterfront districts, pushing prices up 10 to 20 percent while old, close-knit Biloxi areas face dislocation. Local residents weigh whether to stay or cash out as buyers offer quick cash deals and mortgage payoffs.
MENTIONED IN THIS ARTICLE
Biloxi
Miss
Mississippi Coast
Gulf
Bill Stallworth
Kim Weatherly
Point Cadet
Gulf of Mexico
Dan Triplett
Triplett
Gulf Coast
Mississippi
Buckle Up Safety Belt Use Reaches Record High
A new U.S. survey shows belt use climbing to 82 percent this year, marking the highest national rate on record. Government officials credit increased enforcement and public education campaigns for the improvement across states.
Record seat belt use hits 82 percent nationwide
The Transportation Department reports 82 percent belt use this year, up 2 points from last year. Officials credit safety awareness and potential tickets, with Mineta noting belts save lives. A state list will be released later. primary belt laws and campaigns like Click It or Ticket boost usage.
MENTIONED IN THIS ARTICLE
Washington
Transportation Department
Transportation
Norman Y. Mineta
Miller testifies before grand jury in Plame leak probe
New York Times reporter Judith Miller, freed after 85 days in jail, testified before a grand jury in Washington as prosecutors decide whether to charge anyone in the Bush administration over the leak of Valerie Plame’s CIA identity. Miller said she discussed her conversations with Libby and relied on assurances from her source and Fitzgerald. The grand jury expires October 28.
MENTIONED IN THIS ARTICLE
Washington
New York Times
Judith Miller
Bush Administration
CIA
Miller
Patrick Fitzgerald
Valerie Plame
Fitzgerald
Federal
Grand Jury
Dick Cheney
Lewis “Scooter
Libby
White House
Plame
Katrina Affects Economy as Consumers Slow Spending
Katrina battered the economy with an estimated 100 billion dollars in insured and uninsured losses across homes businesses and vehicles. Retail spending slid as gasoline at about 3 dollars per gallon boosted prices and dampened demand while gas costs and falling consumer confidence weighed on sentiment. The Michigan confidence index dipped to 76.9 in September, the lowest in 12 years, with analysts warning grim figures ahead before a potential rebound as energy shocks ease. The Dow rose 15.92 points to 10568.70 as crude oil ticks lower.
MENTIONED IN THIS ARTICLE
Washington
University of Michigan
Richard Curtin
Michigan Survey
Joel Naroff
Naroff Economic Advisors
Wall Street
New York
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Western Kansas Broadcasting
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