Worldwide Financial Turmoil Widens Impact on Construction: The nearly 2,000 foot tall Russia Tower has been added to the list of tall building construction stoppages. The tower was to be Europe’s tallest but the developers claim there haven’t been enough sales to maintain construction to the finish. Some Russian developers blame George Bush and Alan Greenspan for the freezing of all but a few projects in that country.

More Death and Serious Injuries Stalk Construction Sites: Workers who were sleeping at a New Delhi, India, construction site were buried alive when a dump truck operator dumped a load of dirt on them. However, the contractor says the construction was over and the two men must have been murdered and dumped there. Meanwhile, in Idaho, a worker who was building a fence for the U.S. Fish and Wildlife Service was tightening the barbed wire when the tool slipped and launched him headfirst into a canyon. He landed on a rock crushing his backbone, leaving him paralyzed for the rest of his life.

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LOS ANGELES — Walt Disney Co.’s $660 million sale of Miramax Films to an investor group led by Ron Tutor and Colony Capital LLC will close by the end of the year as planned, the buyers said...

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... construction firm has purchased the mostly-unbuilt Macomb Town Center residential ... A significant piece of this is that the buyers are going to build new homes on this site,” Sowerby said...

Construction Spending Falls in July - Yahoo Finance

Residential construction spending fell to an annual rate of $240.3 billion, off 2.6% from June, but up 5...

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