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Archive for October 8th, 2005
Saturday, October 8, 2005 Harrah’s Ready to Move Ahead in Biloxi; Waits on Gulfport By Dave Berns “Harrah’s Entertainment plans to build a ‘larger, better casino’ to replace the gutted Grand Casino Biloxi, but is undecided about whether to rebuild its Gulfport casino until it understands how city leaders want to develop the new Gulfport,” reports today’s Biloxi Sun-Herald.
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Saturday, October 8, 2005 Nagin’s Pitch for Expanded Casino Industry in New Orleans By Dave Berns “Mayor Ray Nagin has proposed creation of a downtown casino district, a massive increase in the amount of legalized gambling, that he says will ‘jump-start’ New Orleans’ ravaged economy,” reports The Times-Picayune.
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Saturday, October 8, 2005 New Orleans Mayor Wants to Expand City’s Casino Industry By Dave Berns “New Orleans Mayor Ray Nagin wants to turn parts of the city’s downtown area into a Las Vegas-style gambling zone. The plan is Nagin’s effort to revive the city’s post-Katrina economy. Many are skeptical,” reports NPR.
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Saturday, October 8, 2005 Memo Outlines Details of Possible NYC Subway Attack By Dave Berns “Details emerged about an alleged plot to attack the city’s subways with bombs hidden in bags and possibly baby strollers as local and federal officials jostled over the credibility of the threat,” reports The Associated Press.
“A Department of Homeland Security memo obtained by The Associated Press said the attack was reportedly scheduled to take place [...]
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Saturday, October 8, 2005 Soaring Natural Gas Prices Threaten Economic Growth By Dave Berns “Soaring natural-gas prices threaten to propel winter heating bills sharply higher, slow economic growth and push manufacturers overseas,” reports The Washington Post.
“U.S. consumers could face bills averaging 48 percent higher this season than last year, according to predictions by the economic-research firm Global Insight. The escalating costs could cause Americans to cut back on dinners [...]
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Saturday, October 8, 2005 Energy Bill Ekes Through House Despite Contentious Debate By Dave Berns “The House yesterday approved legislation designed to spur construction of oil refineries, the first major congressional response to rising energy prices and tight supplies after Hurricane Katrina,” reports today’s Los Angeles Times.
“The bill passed 212-210, but only after House GOP leaders extended the roll call from a scheduled five minutes to about 40 minutes to [...]
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Saturday, October 8, 2005 Mortgage Brokers Doing Booming Business By Dave Berns “Mortgage brokers, virtually nonexistent 25 years ago, now number 400,000 workers at more than 50,000 firms. They are scrappy entrepreneurs and sales representatives who match up borrowers and lenders on roughly 7 out of 10 mortgages. This year, they will collect some $33 billion from their share of an estimated $2.8 trillion in home mortgages,” [...]
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Saturday, October 8, 2005 Another Take on September Unemployment Rise By Dave Berns “Hurricane Katrina bruised the economy in September, causing the first nationwide job loss in two years, but the damage wasn’t as awful as many had feared,” reports The Associated Press. “Payrolls fell by 35,000, with jobs in retailing, lodging, bars, restaurants and leisure pursuits such as gambling all taking a hit.
“The unemployment rate climbed to [...]
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Saturday, October 8, 2005 Gulf Coast Lacks Skilled Laborers By Dave Berns “As people come back to New Orleans, they are finding they need much more than electricians. Those fortunate enough to own homes that were not destroyed by wind or flood need roofers, air-conditioning technicians, plumbers, carpenters, mold-removal specialists, flooring experts and general contractors.
“The problem is that while plenty of unskilled laborers are piling into town [...]
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Saturday, October 8, 2005 House Republicans Look to Major Budget Cuts to Pay For Hurricane Relief By Dave Berns “House Republican leaders raised the stakes this week in a looming budgetary showdown, pledging to lift the target of entitlement cuts from $35 billion to $50 billion, impose across-the-board spending cuts and rescind spending already approved — all to offset the cost of hurricane relief,” reports The Washington Post.
“The move, announced at a closed-door meeting [...]
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