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Archive for Thursday, March 8, 2001

Briefcase

March 8, 2001

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Rmriting help available today at KU

The rmriting doctors will be handing out their final prescriptions today at Kansas University.

The KU Rmoctors will be helping KU students sharpen their written qualifications from 10 a.m. to 3 p.m. today in the lobby at the Kansas Union. The program is sponsored by KU's office of Career and Employment Services.

The checkups include reviews of spelling and graphic presentation. The "doctors" also advise job-seekers how to target a rmo a particular occupation.

Above, Karrigan Bork and Laura Denny check in for advice with "Dr." Chris Wiltgen on Wednesday at the union.

Regular rmssistance is available weekdays at Career and Employment Services in the Burge Union. For more information, call 864-3624.

Development

Building-permit values rise in February

Builders took out permits in February for $17.3 million worth of construction, renovations and related work in Lawrence, according to a new report from city hall.

The total was up 4.2 percent from the $16.6 million tally from February 2000.

The city issued permits for 17 new single-family homes in February, down from 27 a year earlier.

February's biggest permit was valued at $2.5 million, for a new Holiday Inn Express hotel at 3411 Iowa.

Mortgage loans

Fixed, 30-year rates drop below 7 percent

The average cost for a mortgage loan dropped last week, according to a new survey released Wednesday.

The average interest rate for a fixed, 30-year mortgage fell to 6.97 percent last week, down from 7.04 percent a week earlier, according to the Mortgage Bankers Association of America.

The average rate was 6.9 percent a month ago, but down from 8.5 percent in May 2000.

Refinancing activity represented 54.6 percent of all mortgage applications, up from 53.2 percent a week earlier, the survey said. Adjustable-rate mortgages accounted for 8.5 percent of applications, down from 9.4 percent.

The association's survey of mortgage bankers, commercial banks and thrifts covers about 40 percent of all mortgage activity in the United States.

e-commerce

Business-to-business deals account for most sales

In its first-ever report on e-commerce activity, the Census Bureau found that in 1999 about 0.5 percent of all retail sales took place on the Internet, while business-to-business deals accounted for more than 90 percent of online sales.

The report released Wednesday showed that the dollar value of e-commerce activity varied significantly among different sectors, although nearly all industry groups were engaged in e-commerce to some degree.

Twelve percent, or $485 billion, of the total value of all manufacturing shipments were sold electronically. Merchant wholesalers came in second at 5.3 percent, and service industries including travel services, brokerages and publishing had 0.6 of their sales values online.

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