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November 2, 2009

Bust is skipping some resilient places

  • Areas that have resisted the boom-then-doom cycle tend to have large, diversified economies.
    • By MIKE SCHNEIDER and MIKE BAKER
    Associated Press Writers

    RALEIGH, N.C. — In the state capital's downtown core, $500,000 decorative street lights beam down on a bustling crowd who've come to dine and play along a recently revitalized pedestrian plaza.

    A few states to the south, the lamp posts shine largely on empty lots in a subdivision outside Orlando where only a third of the 95 planned homes have been built.


     
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