Wall Street Journal - USA
Exerpts:Read the whole article at the Wall Street Journal
The Walton County Recreation Department, is one of the many local outfits in town trying to fill the void, having received contributions from each of Messrs Tommy DeMilio, banker Stanley Kelley, Maxie Price, a Chevrolet dealer...
...Now, with the credit crisis causing the traditional support systems to crumble, life in Loganville is harder on just about everybody. "I've lost 80% of my net worth in this downturn and since I put it all back in my company, I'm not floating in cash," says Darrell McWaters, president of Meridian Homes USA Inc.,...
....The situation in Loganville, located about 35 miles from Atlanta, mirrors what's happening in many small communities across the country....
....Loganville, incorporated in 1887, has little industry to attract workers to the area. In recent years, building became the dominant field as the population grew by more than 60%. When home sales slowed in 2007, construction largely halted, hurting everyone from bankers to electricians and plumbers...
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