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Vermont Post and Beam Sheds and Cabins
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Vermont Post and Beam Sheds and Cabins - Video

United Airlines Tops Estimates, IBM Sheds Assets
The number of people filing new claims for jobless benefits rose slightly in the latest week to 326000. United Airlines beats analyst forecasts on both the ...

By: TheStreet

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United Airlines Tops Estimates, IBM Sheds Assets - Video

Fear is back in the market.

Those fears converged to start a two-day rout in global markets this week, capped by a 318-point drop in the Dow Jones industrial average Friday. It was the blue-chip indexs worst day since last June. The Dow plunged almost 500 points over the two-day stretch.

The Standard & Poors 500 index fell 38 points, or 2.1 percent, to 1,790 Friday. The Nasdaq composite fell 90 points, or 2.2 percent, to 4,128.

Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy money policies in the U.S. and Europe.

Despite the sell-off, U.S. stocks remain near all-time highs after surging 30 percent last year. The S&P 500 is 3 percent below its record high of 1,848 on Jan. 15.

U.S. stocks have not endured a correction a drop of 10 percent or more over time since October 2011.

In Asia on Friday, Japans Nikkei 225 slipped 1.9 percent to close at 15,391.56; Hong Kongs Hang Seng shed 1.2 percent to 22,450.06; and Seouls Kospi dropped 0.4 percent to 1,940.56.

The turbulence coincides with a global economic shift: China and other emerging market economies appear to be running into trouble just as the developed economies of the U.S. and Europe finally show signs of renewed strength nearly five years after the end of the last recession.

The trouble began Thursday after a January survey showed a drop in Chinese manufacturing activity. Days earlier, China reported that its economic growth last year matched 2012 for the slowest pace since 1999.

It is interesting how even a mild tremor in Chinas growth causes such anxiety around the world, said Eswar Prasad, professor of trade policy at Cornell University.

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Dow skids, sheds 318 points

A grandmother unable to sleep on a hot June night raised the alarm and save her grandsons as fire ripped through two garden sheds and entered her Upper Bucklebury home.

A statement from Christine, Rose of Mortons Lane, was read to the jury at Reading Crown Court on yesterday at the trial of Philip Ruta, 25 of Fallows Road, Padworth who denies arson with intent to endanger life at the home of Mrs Rose and her husband Dennis.

He also denies arson reckless as to whether life was endangered and criminally damaging a Peugeot car belonging to his ex-girlfriend Zoe Jury.

Mrs Rose described how she had gone to bed at 11pm on June 19 last year but woke at around 1.15am because she was hot.

She watched TV and made some food and at 3.15 noticed a light outside making it look like daylight.

Her statement said: "I immediately thought it looked like fire."

She saw through her kitchen door the garden sheds were blazing and woke her husband Dennis. He told her to call the fire brigade and wake their two grandsons who lived with them.

Mr Rose then threw water on the outside wall in an attempt to prevent the fire spreading to the house.

The court heard how he moved his own car and got the car keys from Miss Jury who lived two doors along in Mortons Lane because her car was parked next to his - close to the fire.

Mrs Rose said in her statement: "I keep thinking about what could have happened if I had not been awake as our fire alarm did not go off and the fire was very near the boys' room."

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Gran describes how fire ripped through garden sheds towards her home

MASON CITY | Electrical failure in the wiring above the ceiling in the banquet room caused the fire at the Rose Bowl on Wednesday, according toMark Christiansen, fire marshal with the Mason City Fire Department.

The fire, which was reported by an employee working inside the bowling alley at 3:12 a.m., involved the banquet room addition that was added to the original building in the 1980s.

The employee reported seeing fire in the banquet room prior to exiting the building, Christiansen said in a press release.

The fire originated above the suspended ceiling in the banquet room, according to Christiansen. It traveled throughout the wooden rafters before burning through the ceiling and igniting the room contents.

The east interior wall of the banquet room (former west exterior wall of the original building) was able to contain the fire and prevent it from spreading into the original building, Christiansen said.

Fire did enter the original building through a set of double doors that were open, causing some damage to the bar and kitchen area.

Video from the building's security system was recovered and analyzed with the help of the employees from Central Lock of Mason City. The video confirms the fire originated in the banquet room ceiling space, according to Christiansen.

Additional footage from an exterior camera shows the exterior lights flickering for several minutes before finally losing power, he said.

"Investigator Brian Schupe from the State Fire Marshals Office contacted our departmentand offered to assist in the investigation, and his help was greatly appreciated," Christiansen said.

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Electrical failure ruled as cause of Rose Bowl fire

KU news More LJWorld KU News Coverage

Photo by Mike Yoder

At left, Alan Black, Professor Emeritus, Urban Planning at KU and 804 Studio student Christine Harwood, St. Louis, MO., visit during a celebration for the new addition to the School of Architecture's Marvin Hall. A model of the new addition, called The Forum, which is being built by Kansas University's Studio 804, will house the KU School for Architecture, Design and Planning's first-ever lecture room. Black and Harwood were at a ceremonial groundbreaking at the Lied Center Friday.

Photo by Mike Yoder

The construction site for the new addition to Marvin Hall is viewed outside the windows of the walkway between Marvin and the Fine Arts building on the Kansas University campus.

After clearing another set of bureaucratic hurdles, Kansas University's Studio 804 is ready to begin putting in place the first pieces of a new addition to Marvin Hall.

The addition will house the KU School for Architecture, Design and Planning's first-ever lecture room and commons area at its home in the 105-year-old Marvin.

Studio 804, a year-long workshop that takes students from the design of a building through construction, began the project last fall.

On Friday the school celebrated what architecture school dean John Gaunt described as a "symbolic groundbreaking" at the Lied Center Pavilion. The school hosted the Studio 804 students, faculty, alumni, KU administrators and potential donors to learn about Studio 804's work so far and the building soon to be.

It was good timing, too, Gaunt said. "They got the go ahead from Topeka. They're all clear on codes. The students are ready to dig in," he said.

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KU architecture school celebrates 'symbolic' groundbreaking for Marvin

Jury finds Rapid City man guilty of brutal assault Jury deliberates Rapid City kidnapping, beating case

Updated: Friday, January 24 2014 1:07 PM EST2014-01-24 18:07:48 GMT

A Pennington County jury is deliberating the fate of 29-year-old Luke Elk Nation. He's charged with aggravated kidnapping, assault, drug possession and witness tampering.In opening statements Thursday,

29-year-old Luke Elk Nation is charged with aggravated kidnapping, assault, drug possession and witness tampering.

A Montana man charged with the first degree rape of a 12-year-old girl changed his plea to guilty. Edward Mcintosh, 30, told the court Wednesday morning that in August, 2012, he was in Rapid City to

A Montana man charged with the first degree rape of a 12-year-old girl changed his plea to guilty. Edward Mcintosh, 30, told the court Wednesday morning that in August, 2012, he was in Rapid City to

SPEARFISH, S.D. (AP) _ The Spearfish City Council has hired a local contractor to demolish a call center that collapsed under the weight of snow from an early October blizzard. TMone's 225

The demolition work is to cost about $50,000 and be completed by mid-May. The city has set up a committee to recommend a contractor to construct a new building.

A new restaurant coming to Rapid City will soon spice up East North Street with some Louisiana style chicken. Owners of the Platinum Restaurant Group say construction will begin soon on a Popeyes Louisiana

Owners of the Platinum Restaurant Group say construction will begin soon on a Popeye's Louisiana Kitchen. It will be located next to "On The Border."

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New restaurant set to spice up Rapid City

Leak in fire supply line to El Torito Mexican Restaurant the latest in county repairs needed to bring aging Dana Point Harbor infrastructure up-to-date

Construction crews are working to repair a fire line leak at the Dana Point Harbor. Similar repairs have cost an estimated $2 million since 2005, county officials said. Photo by Andrea Papagianis

By Andrea Papagianis

Heavy machinery and signage reading All businesses open during construction have recently provided a greeting for visitors of the Dana Point Harbor.

With concrete walkways torn up and deep trenches dug, construction crews are working to replace a leaky pipe leading to El Torito Mexican Restaurant.

A large trench was dug near El Torito Mexican Restaurant and the Dana Point Harbor so a fire supply pipeline could be replaced. Photo by Andrea Papagianis

Similar repairs and maintenance to aging infrastructure throughout the port have cost an estimated $2 million since 2005, said OC Dana Point Harbor Director Brad Gross. In addition to that, the current repairs are likely to cost another $100,000, he said.

The leak started in a fire supply line to El Torito. Crews repaired the line, but a required fire inspection and subsequent pressure test turned up problems with original materials. An increase in pressure requirements proved too much for the original pipes, and caused additional failures in the line, Gross said.

A larger portion of the pipeline is now being replaced with a material able to withstand current water pressure requirements, he said. Pipe replacement could be wrapped up in the next few days, Gross said, followed by the replacement of a concrete walkway and steps to the restaurant.

Aside from messy walkways and bulky machinery, Gross said businesses are operating as usual.

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Dated Infrastructure Costs Rise to $2 Million Since 2005, Harbor Director Says

ROANOKE, Va. -

It's been close to three weeks since construction in downtown's Market area began. January is a slow month for stores and restaurants on the market, but the construction is adding more challenges.

The construction is causing some people to shy away from the downtown area as a whole, but the city is helping businesses there creatively keep the customers coming.

It's a popular spot for a bite, some shopping and a drink. But extensive construction in Roanoke's downtown is causing some hiccups, but not for every business on the block.

"So far I haven't seen too much I haven't heard much of the grumbling just yet but as we get colder, and maybe into the next few weeks as it really starts to take off, maybe I might hear some more," Director of Operations for Billy's Restaurant, Colin Jones, told Your Hometown News Leader.

The Blue's Barbeque Company is a popular bar and restaurant on the market. For weeks now, the business has been directly blocked by the fence surrounding the construction. But, management says, the city is stepping.

"We got some money from the city for advertisement we've been putting ads on the radio and on television as well. Advertisement downtown, they've been helping out a lot with the signs on the fence just to make sure people know we're still open," the floor manager for Blue's Barbeque Company, Michael Strubel told WDBJ7.

For the most part, businesses are pleased with how the city is handling the construction, and rely on organizations like Downtown Roanoke Incorporated to be a go between .

Matt Klepeisz, with Downtown Roanoke Incorporated said, "we've really done the best we can to keep going between them to make sure that everything is going smoothly and that everybody understands what's going on."

To keep people coming downtown, many of the shops are having sales and specials. According to city officials, construction should be complete in April.

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Downtown businesses coping with construction

Financing a Home Remodeling Projecy
Smart Money Monday (1/21/14) Don #39;t let remodeling projects bust your budget. Set a budget, examine financing options create a dream space. [personal finance]

By: Bank of Hawaii

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Financing a Home Remodeling Projecy - Video