In N.Va., Let Down By a Rising Economy
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The descent from working class to homeless was swift and methodical. Rob Messick lost his job as a contract worker for a technology firm in Alexandria in September. The bills, already high, piled higher: rent, child support, car insurance, medical expenses, utilities. The odd jobs he scored didn't...
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Declining land and home values prompted home builder Hovnanian Enterprises Inc  to report results far worse than Wall Street expectations and one the important spring selling season may offer little relief.
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Amid economic slump, region's new residential building permits fall to lowest levels since 1991.
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WASHINGTON -- Strained by an ailing housing market and credit woes, the economy in 2007 is expected to log its worst growth in five years and should be somewhat sluggish next year.
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Disappointments abound across business lines. Apparently, it is time for a change.
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The District is in an economic boom. But some neighborhoods have struggled with double-digit unemployment for decades despite programs that have tried to help residents get jobs.
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Concern about interest rate hikes, the drop in new home construction, and tighter business inventories contributed to the decline.
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The signs proclaiming tiny Grant Town, W. Va., population of less than 1,000, as the home town of now-former West Virginia football coach Rich Rodriguez have come down.
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Economic growth in the Washington area is slowing as the federal government begins to temper spending on local goods and services, according to a report released yesterday by George Mason University's Center for Regional Analysis.
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Instead of gliding to a smooth landing after years of sky-high growth, the US economy now looks set for a bumpy ride as the property market hits major turbulence.
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Springfield has languished for years in the shadow of other Northern Virginia business hubs, but that could soon change with an influx of Army jobs to the community and to nearby Fort Belvoir.
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With Maryland's breeding business falling on hard times, places like the Bonita Farm are forced to find other ways to make money on its land.
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The future of the economy looks strong for San Diego County but less promising for the nation as a whole, according to two economic reports released yesterday.
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Are we starting to find that our prosperous economy was built on a shaky foundation?
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CRAWFORD, Tex. -- From certain angles, this town looks as if it already got hit by a recession. The gift shop next to the police station closed about a year ago, and there's a "Building For Sale" banner flapping from the cornice. Two other gift shops have long since gone out of business. Another one...
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WASHINGTON -- Most parts of the country saw modest economic growth in the past month, although there were pockets of sluggishness as businesses continued to cope with fallout from the troubled housing and automotive industries.
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The latest snapshot shows an economy that has returned to a moderate economic expansion of about 3 percent. At this pace, the economy is not growing fast enough to create large numbers of jobs