Atlanta is hosed, yes, but Ohio is really hosed. The turmoil of the mortgage market granted a temporary reprieve from hearing about the woes of America's Rust Belt. That doesn't mean things are better. Despite a decade of national prosperity, the former manufacturing backbone of the U.S. is in rougher shape than ever, still searching for some way to replace its long-stilled smokestacks. Where's it worst? Ohio, according to our analysis, which racked up four of the 10 cities on our list: Youngstown, Canton, Dayton and Cleveland. The runner-up is Michigan, with two cities--Detroit and Flint--making the ranking.
From the archive: As no repairs have been carried out for 34 years, all of the buildings are slowly falling apart. Nature is reclaiming the area, as metal corrodes, windows break, and plants work their roots into the walls and pavements.
Andrucha Waddington directs this epic drama that explores how daughters ultimately become their mothers.
The bubble cycle has replaced the business cycle.
Income and net worth are two important factors in determining economic well-being in the United States. This report looks at net worth and asset ownership by various socioeconomic factors, including monthly income. The data come from the Survey of Income and Program Participation. Welcome to the new Korean craze of "well-dying". In a country infatuated with "well-being" - living and eating healthily, even to the point where tobacco-makers offer vitamin-enriched "well-being cigarettes" - training companies are now offering courses on dying a good death.
We should expect a prolonged, grinding decline in home prices, back to more or less their pre-bubble inflation-adjusted levels.
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