Friday, August 10, 2007

Banking industry hurt by sub-prime lending crisis

Shares of the top 12 U.S. banks have declined 17 percent since June 1. Analyst expects that a third of the U.S. home-loan industry will disappear.

Zoning Dispute prompted Chattanooga Councilman Benson's entry into politics
According to a piece in the Chattanoogan, Benson opposed rezoning to accomodate a rumored Costco in his residential neighborhood. When the representative for his district voted for the rezoning over the objection of a citizens group that included Benson, Benson spent weeks trying to find someone to oppose him in the next election. Unable to find that candidate, Benson decided to run himself, beginning his politcal career.
Chattanoogan

Miscellaneous
Rome, Georgia receives $500,000 in housing program grants
CBL to Dominate St. Louis Retail Market with $1B Mall Deal
Commercial Property News

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