Word: easting
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...local variation. One pattern: exurbs, where homes are newer and loans more likely to have been signed during the bubble years, are harder hit. For instance, in the metro area that includes Los Angeles, 23% of homeowners are faced with negative equity. Fifty miles to the east, in the area that includes Riverside, 45% are. (Read "House of Cards: The Faces Behind Foreclosures...
...distribution, transportation and utilities - had too few respondents for the projection to mean much.) The uptick in government recruiting is obvious to students. Last year, notes Dorothy Kerr, executive manager of Rutgers University's career services, there were just 15 government and nonprofit employers at the annual Big East Career Day in Manhattan's Madison Square Garden; others were kept out to make room for 135 private-sector employers. This year, just 80 private companies signed up for the March 13 event, where 30 federal agencies will be on hand accepting résumés. "The good news...
...powder has really propped up Eastern operators, who have been bopped with a series of big storms. "East of the Mississippi, we're seeing [snow] levels at or above record levels," says Berry. New York and New England resorts have several advantages during a recession. First, they're cheaper than the higher-end destinations like Aspen and Vail in Colorado. Second, they're within driving distance of huge metropolitan areas such as New York City and Boston. Mount Snow in Vermont, for example, is a four-hour trip from New York City and a two-hour trek from Boston...
...East's gain is the West's loss. According to the Mountain Travel Research Program, through Jan. 31, occupancy was down 18% at the Western ski areas, while lodging rates dropped 8%. Vail Resorts, a public company that runs four ski areas in Colorado and one in California, reported a 5.8% drop in skier visits through early January and a 7.5% decline in lift-ticket revenue. The Aspen Skiing Company, which operates the Ajax Mountain, Highlands, Buttermilk and Snowmass ski areas, predicts skier visits will drop between 5% and 15% this year. (See the top 10 sports moments...
...days are apple harvests and the occasional bride. Every few years, a Druze Arab woman passes through a United Nations checkpoint, leaving the Israeli-occupied Golan for the arms of her future husband in Syria, unlikely to ever again see her family until there is peace in the Middle East. If Secretary of State Hillary Clinton's handshake with Syrian Foreign Minister Walid Moallem at a conference in Egypt on Monday was any portent, that day may come sooner rather than later. (See photos of Syria's mysterious facility that was destroyed by a 2007 airstrike...