Regional Recap, August 1, 2011

| August 1, 2011 | 0 Comments

NOTE: Our apologies for the lack of Regional Recaps last week. Our technical issues have been resolved.

Authorities Find Body Of Missing Man. Rescue crews have found the body of a man who was reported missing near Pasadena.Authorities said they were called to Stony Creek about 5:15 p.m. Saturday after someone reported seeing a middle-aged man aboard a watercraft enter the creek and fail to resurface.Local authorities said Glen Burnie resident Charles Ryder, 48, jumped into Stony Creek from a Sea Ray vessel while it was moving.Officials said that dive teams and a fireboat responded to search where Ryder was last seen in the creek, which separates Riviera Beach from Orchard Beach.

Expert Warns Americans On Verge Of Economic Chaos. As lawmakers cast votes and traded partisan barbs, the markets are bracing for the prospect of a default next week and the economic chaos that may come with it.Local economist Anirban Basu said people have very good reason to be frustrated and worried.”If it translates ultimately to people who finance our debt not being paid, then the consequences could be quite dire,” Basu said. “In fact, the sky would – to a certain extent – be falling if the federal government defaulted. And it would fall in various ways, like Social Security potentially, Medicare, Medicade, potentially.”Basu said many Americans depend on their Social Security checks to survive. About 40 percent of Social Security recipients receive at least 90 percent of their total household income from the program.

Police Probe Shooting Deaths Of 2 Teens. Baltimore police said two teens who were found dead within hours of each other were slain, and their cases are related.Shortly after 9 p.m. Sunday, police found 16-year-old Dominic Perry suffering from a gunshot wound in the 1100 block of Wedgewood Road in southwest Baltimore. Perry was taken to Shock Trauma, where he died.There’s currently no word on a suspect or motive, but police said the case is connected to another shooting in which an unidentified 15-year-old boy was found dead by officers around 4:30 a.m. Monday in the 1100 block of Cooks Lane.

Group Preps Minorities To Understand Foreclosure. A national debt deal may have been reached Sunday, but Maryland real estate experts are still concerned about how the fragile economy will affect the market.The National Bar Association, a group of lawyers and judges, on Sunday made foreclosures its focus at an annual convention in Baltimore. They said they’re concerned the housing market will soon see a spike in foreclosures.”Even with the debt ceiling raised, you still have the American public who has to pay for the deficit, which is $1.4 trillion in 2011, which translates to $8,000 a taxpaying person,” said Roger Staiger of Stage Capital LLC.That makes advocates for minority communities nervous, too.

Category: Breaking News, NEWS

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