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Archive for October, 2011

Would-be victims walk away after deciding weapon fake or unloaded

Tuesday, October 11th, 2011

A couple reported walking away from would-be robbers Sunday night after deciding their gun was a fake or unloaded, according to a Wilmington Police Department news release.

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Investigators say Wilmington house fire caused by arson

Tuesday, October 11th, 2011

No one was injured by an early morning fire at a home at 508 Anderson St., according to the Wilmington Fire Department.

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Rep. Iler, panel co-chairman, says N.C. should be unwelcoming to illegals

Tuesday, October 11th, 2011

State Rep. Frank Iler was named co-chairman of a newly formed General Assembly committee that will delve into controversial immigration issues in North Carolina.

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Experts say local economy recovering, but slowly

Tuesday, October 11th, 2011

WILMINGTON, NC (WWAY) — From here at home to around the world, the economy is the biggest concern for just about all of us.

The economy in Wilmington and southeastern North Carolina has tended to fare better than the nation in past downturns. Today experts met at UNCW to discuss whether than trend will continue.

“We probably have bottomed out in terms of overall economic activity,” UNCW Senior Economist Dr. Woody Hall said. “In terms of any further declines, we don’t anticipate that they will exist.”

But that doesn’t exactly mean that our area’s economy is growing. Hall says it took us a long time to get where we are and it will take just as long to get out.

Hall says the real estate market in southeastern North Carolina has stabilized and says at the earliest, it will take one to two years to see an upturn.

“I think everybody is comfortable that the prices are near bottom, have hit close to a bottom,” Intracoastal Realty broker Debbie Mitchell said. “It’s a good time to buy, it’s a good time to make investment in real estate, so I can’t promise that things are going to sky rocket.”

Mitchell says not as many people are listing their homes, which means a decline in inventory and home prices.

Hall says retail sales are also a big indicator of economic growth, and though sales have gone up, it’s not all it’s cracked up to be.

“We don’t see a net increase in retail sales,” Hall said. “The growth has been a recovery from the depressed level of retail sales, so that’s coming back.”

He says though the future does not look super bright, it looks a whole lot better than the past.

“We’re better than we were this time last year. We’re better than we were this time two years ago, but we’re not back to where we were in 2005 and 2006, and I don’t think in my lifetime that we will see the growths that existed in ’05 and ’06 again,” he said.

Dr. Hall says he believes our area’s economic growth will mirror the growth of the country as a whole.

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Carolina Beach mayor under investigation by SBI

Tuesday, October 11th, 2011

Carolina Beach Mayor Joel Macon said Tuesday he is cooperating with an investigation by the State Bureau of Investigation involving alleged corruption by the mayor and two town council members. "They’re making all kinds of allegations that I voted on stuff to help my business properties and stuff like that," Macon said by phone before the town’s council meeting.

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