PRESS DIGEST - Washington Post Business - Aug 27

Wed Aug 27, 2008 12:42am EDT
 
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WASHINGTON, Aug 27 (Reuters) - The Washington Post included the following items on the front page of its business section on August 27.

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The U.S. poverty rate held steady as median household income edged upward last year, according to annual census data released on Tuesday.

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Comstock Homebuilding of Reston, Va. has defaulted on several development loans the company used to finance its projects during the years of the housing boom.

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Late loan payments and defaults by commercial and residential developers have soared to the highest levels since the early 1990s, threatening the health of some small banks, regulators said on Tuesday.

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The carbon emissions of China's electric power sector will jump by about a third this year and surpass the total emissions of the U.S. electric power industry for the first time, according to a report by the Center for Global Development, a Washington-based think tank.

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