The latest company to take a hit from the economy is KB Toys. KB Toys filed for bankruptcy for the second time in four years. The 80-year old company based in Pittsfield, Massachusetts, operates 460 stores including several in Arizona and reported total debt between $100 million and $500 million, with total assets in the [...]
Continue reading...Thursday, October 30, 2008
All cities are being hit with the plummeting of their housing market. Now metropolitan Phoenix is in the forefront of the list of cities which is according to the S&P/Case-Shiller Home Price Index. From August of last year to this year, the homes in the Valley dropped in price at about 30%. This drop in [...]
Continue reading...Thursday, October 30, 2008
At the intersection of 51st Avenue and Maryland, a pedestrian was hit and killed. This early morning incident is currently under police investigation. Police have released the name of the pedestrian killed as 65-yearl-old Roy Jones. It was still dark out around 5:00 am when Jones was killed. Police say that Jones crossed the street from a [...]
Continue reading...Tuesday, October 28, 2008
The economy isn’t doing well that’s not new news, but what may be news is an increase in petty crimes. The Tempe police department is concerned that the economy is hitting people really hard and thus they may be more tempted to commit crimes. Police officials pointed out to reporters just how often people leave valuable [...]
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Friday, December 12, 2008
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