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Urban renewal: Now you're walking
And what a market smash it proved, offering Americans a sense of freedom, mobility, privacy, their own piece of turf and a yard for the kids to play. Plus plenty of jobs and profits, from autos to oil to real estate to fast food. The new form became virtually synonymous with the American Dream. Two generations of Americans knew practically nothing else. But in the 1990s, the model began to lose some of its luster. Suburbia's big parking lots and low-density zoning meant an auto for every trip. Walking and transit were impractical. Older suburbs began to decline, inducing families to drive farther and farther to new suburban rings. Thousands of malls and shopping strips were abandoned. Traffic congestion became so severe that many families were obliged to build their lives around it.
Monster Arctic Storm Pummels California, Threatens Mudslides, Cuts ...
SANTA ANA, Calif. A levee break flooded hundreds of homes Saturday as the storm that has pummeled the West Coast with high wind and heavy rain dropped a thick blanket of snow on the Sierra Nevada on Saturday. Thousands of people had no power in three states and thousands more had been told to leave their homes in mudslide-prone areas of Southern California. - Click here for photos. - Click here to track the storm at the National Weather Service. Up to 44 inches of snow had fallen in some parts of the Sierra Nevada, the National Weather Service said Saturday morning. Forecasters expected the storm to dump as much as 10 feet at higher elevations of the mountain range by Sunday. East of the Sierra in Nevada's Lyon County, a levee broke early Saturday along an agricultural canal, releasing water as much as 3 feet deep into the town of Fernley and stranding about 3,500 people, authorities said.
Fires hit rain-starved Carolinas, Va.
The high winds and wildfires caused both Democratic presidential hopefuls — Hillary Rodham Clinton and Barack Obama — to cancel appearances scheduled in Roanoke, Va. Virginia's presidential primaries are on Tuesday. Thousands of customers in the region still had no electricity because of damage caused by the fires and wind. .
Microsoft's Offer For Yahoo Contributes To Higher Close On Wall Street ...
2/1/2008 4:40:39 PM Stocks closed higher on Friday, adding to gains posted in the previous session. Investors weighed in on Microsoft's (MSFT) announcement regarding its offer to acquire Yahoo (YHOO) along with several mixed economic reports.
Before the opening bell, Microsoft announced an unsolicited takeover offer to acquire for Yahoo for $44.6 billion. Microsoft expects to complete the proposed transaction in the second half of calendar year 2008, but the Justice Department said that it is interested in reviewing associated antitrust issues.
The Labor Department also released its report on the employment situation for the month of January before the stat of trading. The report showed that non-farm payrolls decreased by 17,000 jobs in January following an upwardly revised increase of 82,000 jobs in December.
Eustis, Wildwood to start at top
Two of the hottest basketball teams from the Lake/Sumter area heading into next week's boys basketball district tournaments may be Eustis and Wildwood. Coincidentally, they also are the two area teams entering the tournaments as top-seeded teams.
Going into Thursday night's games, Eustis (18-5 overall, 7-0 in district) is riding a six-game winning streak and is No. 1 in the Class 4A, District 7 Tournament at Bishop Moore. South Lake (13-9, 6-1), which is playing in the Montverde Academy Invitational Tournament this week, is the second-seeded team.
Wildwood (19-4, 7-1), which met Leesburg on Thursday night, is the top-seeded team in the 3A-7 tournament at Mount Dora and has won 10 games in a row. Ocala Trinity Catholic (18-4, 7-1) is seeded second, but the Celtics are ranked No.
BA pilot feared the worst as he struggled to land plane
THE pilot of the British Airways aircraft that crash-landed at Heathrow said he feared the flight would end in "catastrophe" as he struggled to cope with a double engine failure just two miles from touchdown. First Officer John Coward, 41, said both engines lost power simultaneously, leaving him with just seconds to bring the aircraft down. He managed to clear the perimeter fence before landing short of the runway with "not just one thud but a series of thuds". Investigators examining the wreckage of flight BA038 are now focusing on the theory that the crash was caused by a failure in the avionics and electronics systems that control the plane’s engines. British Airways is expected to examine the systems of every aircraft in its 43-strong fleet of Boeing 777s, although the Air Accidents Investigations Branch says there is no need to ground the planes at this stage.
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