The City of Linton has been referred to as the ‘Magic Coal City’ or even the 'Pittsburg of the West’ because of its vast coal reserves. Coal mining in the early-1900's made this area thrive. Then, the mines went away. Yet, this small city still remains. Today, coal mining is making a resurgence again after many years without. Reinvigorating small business and personal financial education will help with its come back as the smallest, ‘big town’ in southwestern Indiana.
Tuesday, December 11, 2007
Indiana Foreclosure Rate: 1 Out of Every 516
The Indianapolis Business Journal reported the other day that 1 out of every 516 Indiana homeowners was in one stage of foreclosure or another in October, ranking the state ninth in the country. They also stated that this figure is up 19.3% from September and 50.7% from a year ago. By comparison, they wrote that Nevada ranked first in the nation with 1 foreclosure for every 154 homeowners.
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