Word: northeaster
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...Geordie, as natives to Newcastle are known, which cathedral they visit in this city in the northeast of England, and they might tell you two. On Sundays, they'd head to St. Nicholas, with its medieval history, 193-feet spire, and Eucharist services twice before noon. But on Saturdays, for more than a century, there's been St. James'. And for its worshipers, bracing the raw winds as they filed up the hill for evening service this weekend, the night promised everything they'd been waiting impatiently for. "The Messiah," says one man, rushing to take his seat, "is back...
...While the team was losing three of its five games that month, Northern Rock - caught short of cash when global credit markets froze last summer - was losing billions of dollars as punters desperately pulled their deposits. With the club and its backer in free fall in recent months, "the northeast has been feeling pretty battered and bruised," says Aitken...
...teams - its activities are woven into the fabric of the city, too. Aside from employing thousands of Geordies, the Northern Rock Foundation, which receives 5% of the bank's annual profits, has handed out $350 million over the last decade to more than 1,500 good causes across the northeast. From its $2 million endowment of the gleaming Sage Gateshead concert hall, to the $300,000 it funneled into help for local prostitutes, "almost anything that happens in sport, in the arts, the community, charities," says James Ramsbotham, chief executive of the North East Chamber of Commerce, "they...
...they are and where they live. Job losses are dragging down real estate prices in industrial-belt states like Michigan, Ohio and Wisconsin. But the reverse is true in states like California, Florida and Nevada, where the collapse of a speculative real estate market is threatening jobs. In the Northeast, voters are more concerned about the impact of soaring energy prices on the cost of their home heating oil. That makes it harder for presidential candidates to wrap their arms around the issue, even as voters are demanding that they do. "It is one of those periods where there...
...funded in large part by federal subsidies, likely cannot afford to dole out. If negotiations do not diffuse the tensions in the next two weeks, Congress seems poised to intervene. But in the event that there is a strike, it will involve severe repercussions for transit systems throughout the Northeast, and any resolution will almost certainly require a government bailout. Such a scenario would highlight two striking problems with the current state of Amtrak—namely, the inefficiency of its control over major commuter rail stations and its inability to become financially self-sufficient...