Is it a boom or a bust?
A slowdown in the real estate market apparently means it's time for a little damage control. David Lereah, chief economist for the National Association of Realtors, has changed the name of his book.
Old title: Are You Missing the Real Estate Boom?
New title: Why the Real Estate Boom Will Not Bust - and How You can Profit from It.
Lereah acknowledges the boom is winding down, but says prices will continue to grow at a more reasonable pace.
"In my view, there has never been a better time to make real estate a bigger part of your long-term financial future," he writes.
- HELEN HUNTLEY, Times staff writer
gives time, money
Chris Sullivan, who retired as Outback Steakhouse Inc.'s CEO last year but remains the Tampa company's chairman, is putting his extra time and dollars to good use.
Last week, he agreed to help raise $30-million for a memorial honoring the passengers and crew of Flight 93, which crashed into a Pennsylvania field during the Sept. 11, 2001, terrorist attacks. His own $2-million donation will get things rolling.
The project is the latest collaboration between Sullivan and retired Army Gen. Tommy Franks. Franks was running the post-Sept. 11 military operation in Afghanistan when Outback volunteers came and served steaks, Bloomin' Onions and more to thousands of homesick troops. Last year, the company invited Franks to join its board of directors.
Franks and former Homeland Security Secretary Tom Ridge were named honorary co-chairs of the Flight 93 fundraising campaign in August.
- SCOTT BARANCIK, Times staff writer