S&L Crisis Deepens Colorado Springs Housing Woes
In Colorado Springs a glut of 4,620 single family homes remains listed as investors pivot away from S&Ls. Realtors say the S&L crisis lowered market values and tightened lending, with buyers facing higher scrutiny, reduced credit access, and longer waits before closing on homes. RTC mandates credit counseling adds cost and friction in a fiercely competitive market.
MENTIONED IN THIS ARTICLE
Pike’s Peak Association
Steve Barron
S&l
Colorado Springs
S&ls
Ries
Cliff Snyder
Barron
RTC
Phoenician Resort Seized From Lincoln S&L Highlights S&L excess
The Phoenician in Scottsdale, a $275 million resort, operates as a government property after Lincoln Savings & Loan failure. RTC runs it with an Austrian manager while Kuwait Investment Office owns 45 percent. Regulators claim the project reflects S&L excess and Keating’s alleged loot, though some visitors praise its opulence.
MENTIONED IN THIS ARTICLE
Lincoln Savings & Loan
Frederick Shaw
Westfield
N.J
Fed
FBI
Lincoln
Charles Keating
Phoenix
S&l
Iraq
Kuwait
Lincoln Savings
Federal Resolution Trust Corp
Kuwait Investment Office
Sally Dog Cadman
U.S
RTC
Kevin Shields
Phoenician
S&ls
Keating
Shields
Regulators
The
Cooper Dennis Beljan
Mesa
Ariz
Oern
Ian
Professionals switch careers in midlife trend
A growing number of professionals from engineers to professors change to new livelihoods, with Harvard MBAs and partners pursuing acting and social work. Career counselors say people rethink lifelong choices, seeking work they find meaningful rather than lucrative.
MENTIONED IN THIS ARTICLE
Miami
Harvard
Broward County
Pla
Sol Landau
MidLife Services Foundation
South Miami
Florida
California
Dulce Muccio
Life Designs
South
Myeillion Je Oy
Gasoline prices rise nationwide as Middle East tension impacts
Gasoline averages climbed to 1.35 a gallon at full and self serve stations, up 2.28 cents from Aug 24, with regular unleaded at 1.24 and regular leaded at 1.23 a gallon. Oil analyst Trilby Lundberg notes slower increases yet still sharp for the season amid Middle East crisis.
MENTIONED IN THIS ARTICLE
Los Angeles
Iraq
Kuwait
Trilby Lundberg
Middle East
Lundberg
Lundberg Letter
Business week ahead signals inflation watch and market downturn
The piece outlines upcoming economic data including August producer price index and retail sales, plus Fed and Senate activity on banking rules. Analysts warn of a bear market on Wall Street with targets near 2100 for the Dow, while investors shift to short term debt funds for yields.
MENTIONED IN THIS ARTICLE
Bronx
Persian Gulf
Labor Department
Federal Reserve
Fed
Senate Banking Committee
Dow Jones
Wall Street
Ken Spence
Salomon Brothers Inc
Money Magazine
Also Mentioned on This Page
FDIC
Kan
Charles Grayson
Judy
Dave Crenshaw
Mrs. Crenshaw
Savings and Ly
Wanner
Brouaen
Ped
Scottsdale, Ariz
Ince
Knight-Ridder News Service
Midland Memorial Hospital
Abell-Hanger Medical Pavilion
Andrews Highway
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