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Transportation
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The recent credit crunch that is the result of the subprime mortgage crisis has started to show its effects in other places. According to an article in the New York Times “the auto industry is getting sideswiped by the housing crisis”. There are two implications of such a claim; First- that consumer spending within the auto industry has declined significantly, and Second- that even if consumers decided they wanted to buy more cars they wouldn’t be able to because of their credit situation.
Both effects are hard felt within the automotive community, combined they drive down profit and stave off revival efforts. The banks and lenders now have to push hundreds of thousands of consumers away from the dealerships, and home equity loans which people could once use as an easy cash source are now difficult to obtain and can’t be used to finance the purchase of cars. When 1 in 9 vehicles were once purchased by money received from home equity loans the potential almost 12% loss is going harm the companies in the long term.
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Tombstone
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The town of Tombstone was founded in 1879, taking its name from the mining claim, and soon became a boomtown. Fueled by mineral wealth, Tombstone was a city of 1000 by the beginning of 1881, and within another year Tombstone had become the seat of a new county (Cochise County) with a population between 5,000 and 15,000, and services including refrigeration (with ice cream and later even ice skating), running water, telegraph and limited telephone service.
Capitalists and businessmen moved in from the Eastern U.S. Mining was carried out by immigrants from Cornwall and Europe. An extensive service industry (laundry, construction, restaurants, fine hotels, etc.) was provided by Chinese and other immigrants.
Tombstone nearly became a ghost town after the decline of silver mining there, saved for many years only by its status as the Cochise County seat. Even the county seat was later moved by popular vote to nearby Bisbee in 1929. However, the classic Cochise County Courthouse and adjacent gallows yard in Tombstone is preserved as a museum.
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Travel Arizona
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Arizona is a state located in the southwestern region of the United States of America. The capital and largest city is Phoenix. The three next largest cities are Tucson, Mesa and Glendale. Arizona was the 48th and last of the contiguous states admitted to the Union on February 14, 1912. Arizona is noted for its desert climate, exceptionally hot summers and mild winters, but the high country in the north features pine forests and mountain ranges which contrast with the lower deserts. New population figures for the year ending July 1, 2006, indicate that Arizona is the fastest growing state in the United States, exceeding the growth of the previous leader, Nevada.
Arizona is one of the Four Corners states. It borders New Mexico, Utah, Nevada, California, touches Colorado, and has a 389 mi (626 km) international border with the states of Sonora and Baja California in Mexico. Aside from the Grand Canyon, many other National Forests, Parks, Monuments, and Indian reservations are located in the state. |
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