Proposed NFL Stadium To Bring Work Opportunities In LA

January 19, 2009
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The proposed National Football League stadium is expected to bring thousands of work opportunities in the area and this is the primary reason why the Los Angeles Chamber of Commerce is fully supporting the project. Chamber marketing and communications director Gwen Oldham said job creation is very important as it stimulates the economy.

The $800 million project is being proposed by Majestic Realty Co which is owned by billionaire developer Ed Roski, Jr. If it pushes through, the stadium will seat on a 600-acre lot near the freeway exchange.

If all goes well, the NFL stadium will be completed by 2012 and the jobs it could generate will tremendously benefit the economy. …

Construction Spending In The US Down Again

January 14, 2009
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Construction spending in the United States has hit a downturn for the second consecutive month no thanks to the soft housing market which used to be a sizzling industry. The country’s construction spending in November last year went down by 0.6% but the slump is only half of the 1.2% reduction predicted by Wall Street. Construction spending also went down by 0.4% in October of the same year.

This is perhaps the worst slump experienced by the construction industry in over two decades and it does not end there because experts believe that the housing industry will keep falling until the surplus in unsold homes is significantly reduced. The reduction in…