Word: rising
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...surprised that neglect would be the type of abuse that would go up," says Dolores Johnson, director of the Family Advocacy Program for the Army, "because we have extended periods of separation of parents, and when that occurs our own analysis indicates that child neglect is likely to rise." Johnson says that the study reveals that continuous deployment, of 12 to 18 months, is causing families to feel "a certain degree of strain...
...booming housing markets in Los Angeles, San Diego and Orange counties had barely felt the chill that hit Miami and Denver from rising inventories, declining prices and slowing sales. But this week's spate of gloomy housing data included ominous reports from the West Coast. Led by an astonishing 799% rise in Los Angeles County, foreclosures in southern California jumped 725% in the second quarter, to a record 9,504, from 1,152 a year ago. The spectacularly bad trend was coupled with news from mega-mortgage lender Countrywide Financial that homeowners with good credit are starting to fall behind...
...Angelenos found bigger homes on bigger lots in brand new subdivisions for as much as $100,000 less. Johnson says that in some of those developments, as many as 80% of the buyers were subprime borrowers and many of them first-time homeowners. Consequently, when interest rates started to rise, they were squeezed hard. Now the region is a symbol of the real estate slump...
...previous peak of 11,494 recorded in the third quarter of 1996, during southern California?s last real estate collapse. And he's encouraged that activity at the very high end of the L.A. market hasn?t fallen off, that home prices in the county overall continue to rise and that job growth is "pretty good." Still, even he admits that the subprime crash has plunged the entire real estate sector into uncharted territory. "Will it create a flood of foreclosures that drags down values in the rest of the market? So far it hasn't, but at some point...
...does not pin the transformation on those currently enrolled; rather, on the external forces they are forced to adapt to: the rise of an “internship culture” where students engage in an “arms race” to add more and more lines to their resumes, and a United States under the Bush administration where he said citizens—collegiates being no exception—face a heightened sense of financial uncertainty...