Friday, August 26, 2011

All is Not Well on Martha's Vineyard: Pres. Obama's Vacation Spot

The Boston Globe has the story here:


At the core of islanders’ misgivings is the shaky local economy. ...

Empty storefronts dot main streets in Vineyard Haven, Edgartown, and elsewhere. ...

[N]early 700 of the roughly 16,500 year-round Vineyard residents are unemployed, state labor statistics show. In January, the jobless rate was 13.2 percent. ...

Islanders have lost homes to foreclosure at a rate of two per month since 2008, a rate not showing any signs of abating, according to The Warren Group, a company that tracks real estate transactions.