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Monday, March 15, 2010

Cities And Towns Brace For Local Aid Cuts

State lawmakers are expected to announce Friday that cities and town can expect painful cuts in the next fiscal year.

Senate President Therese Murray acknowledges cities and towns won’t be happy, but says the state can’t afford any more. "We don't have the money, we don't have the resources," she said.


‘Hole In The Ground’ Slows Downtown Crossing’s Business

The Filene's redevelopment at Downtown Crossing. (Andrew Phelps/WBUR)

Mayor Menino is considering using eminent domain to take over the Filene’s redevelopment project at Downtown Crossing, after its developer, Steven Roth, said he used stalling tactics in the Manhattan to squeeze subsidies out of New York City.

WBUR's Bob Oakes headed to Downtown Crossing to get a sense of how business owners are responding to the latest news in their neighborhood.


We Bought A Toxic Asset; You Can Watch It Die

The purchase of a toxic asset is confirmed. (NPR)

Toxic assets — home mortgages packaged into complicated bonds that no one wanted to touch when the housing bubble collapsed — are starting to trade again.

NPR'S Planet Money team wanted to figure out how this chapter of financial history will end, and so bought a toxic asset of their own.


Dream Of A Tropical Resort Inspires Midwest Town

County Commissioner Mike Yoder, a local dairy farmer, says he's hoping a resort can be built in Elkhart. (NPR)

A year ago, nearly one in every five residents of Elkhart, Ind., was unemployed. The city had just lost thousands of manufacturing jobs. But one entrepreneur is even dreaming big — where others see a declining town in the Rust Belt, he sees the perfect spot for a resort. NPR's Chris Arnold reports.



NPR
Nation & World

3 With Ties To U.S. Consulate Killed In Juarez

Obama Proposes Dismantling No Child Left Behind

House May Vote On Health Care Overhaul This Week



90.9 WBUR
Boston & Region

State House Roundup: Engagement Party

With A Signature In Green, St. Patrick’s Day Became A Holiday

Your Boston Weekend: March 12–14



NPR
Economy & Business

Business News

The Last Word In Business

Unemployment Rate Doubles For Older Women




Sports

LeBron Scores 30 As Cavs Clobber Celtics



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