The dash to find cash
As rising prices strain budgets, families are selling their old stuff to make ends meet.
Some need money to pay debts. Others just want a cushion in the current downturn.
Two and a half years ago, a Copenhagen, Denmark-based manufacturer opened a North American headquarters in north Charlotte to lay groundwork for what it hoped would be future sales. The payoff for FlowCon International came quicker than expected, thanks to skyrocketing oil prices.
Some need money to pay debts. Others just want a cushion in the current downturn.
Has an uncertain economy dulled Charlotteans' cravings for sweet tea, fried chicken and biscuits? It sure doesn't seem like it, say friends Asheesh Pathak and Karen Sullivan, owners of a new Bojangles' franchise near uptown.
Heather Greenwell has been dreaming of her wedding day since she was a little girl. But with bills piling up and a smaller income, Greenwell will have to wait a little longer.
As an event planner, Karen Spratt is used to change, organizing seminars and meetings around the latest pop culture and economic trends.
Jones commutes 16 miles from home to her office near UNC Charlotte. She tops her tank when it falls to half full and was horrified at how much even that was costing as prices rose beyond $3 a gallon.
Jennifer Dyess spent 35 years in the mortgage industry, most recently as a senior loan underwriter, before being laid off twice last year.
More than three months ago, Brian Boyle noticed physical therapy and personal training clients cutting back on regular visits. Where people might have come in three times a week, Boyle said, they were dropping back to once weekly.
In a way, Chris Willis, 33, has been preparing for the current economic downturn much of his life.
At a time when the economy is souring, one manufacturer in Mooresville is about to launch a new product.
Three months ago, David drove a 2003 Hummer H2 to his uptown office; Lisa, a 2006 Infiniti M35.
Gary Swaim has been thinking – a lot– about rising gas prices and their effect on part-time, lower-wage employees.
About a month and a half ago, Lindsay Daniel and the staff at her architectural design firm implemented Plan B.
If you've walked around uptown lately, you may have spotted them: A young girl with braids carrying a white wicker basket filled with fresh-baked chocolate chip cookies and brownies.