Economy rides high then cools amid housing slide
The economy grew 4.9 percent in the July to September quarter, driven by strong GDP despite a housing market crash. Builders cut housing spending 20.5 percent annualized in Q3, with foreclosures rising and credit woes likely cooling growth to about 1.5 percent or less in Q4. Analysts warn of recession risks as Greenspan and Bernanke face policy criticism amid the mortgage crisis.
MENTIONED IN THIS ARTICLE
Wallington
Commerce Department
United States
Federal Reserve
Alan Greenspan
Greenspan
Fed
Ben Bernanke
Bernanke
Wall Street
Bush Administration
Congress
TSA Government Security Ranking Upsets Public At Large
A Public AP Ipsos poll shows TSA as one of the least-liked federal agencies, with only the IRS and FEMA ranking lower. Travelers complain about long lines and rude screeners, while 53 percent rate TSA as doing a good job and 31 percent cite security hassles as a top concern.
MENTIONED IN THIS ARTICLE
Washington
IRS
Federal Emergency Management Agency
Transportation Security Administration
Associated Press
Associated Press-Ipsos
TSA
Department of Homeland Security
Mall owner sues two more tenants at Midway Mall
Centro Watt, owner of Midway Mall in Elyria, filed two rent lawsuits in county Common Pleas Court against The Game Room arcade and Gold Valley jewelry store. The suits claim rent arrears of about 35,000 and 18,000 respectively, bringing total rent disputes for the year to five. Gold Valley’s Suny Lakhani said he has paid what he could and that mall management suggested possible rent adjustments, while noting slow business. Attempts to reach Centro Watt and its lawyer were not returned.
MENTIONED IN THIS ARTICLE
Blyria
Midway Mall
Contra Watt
County Common Pleas
Gold Valley
Centro Watt
Midway Cinema
Game Room
Suny Lakhani
Lakhani
Centre Watt
Aid to jobless hits Ohio trust fund crisis
Ohio faces a shrinking unemployment fund as job losses drain the balance from 2.3 billion in 2000 to 555.7 million by November. If a recession repeats 2001–04, the fund could be broke by year end 2008, prompting higher employer taxes and reduced benefits for unemployed workers. William Burga cites general economic decline as the main cause.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Ohio Department of Job and Family Services
William Burga
Ohio Afl-Cio
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Jeannine Aversa
Los Angeles International
Eileen Sullivan
Tion
Dallas
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Fla
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JAS
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Social Security Administration
Fema U.S. Congress
Mall
Brad Dicken
Chronicle-Telegram
Dicken
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The
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Avent
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Isto
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NYSE
Russell
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Amex
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E Smart
PalroRes
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BuckTeh Steelese
Adaitns
OmniEnr
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