Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/wall-street-woes-ripple-through-local-economies Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Transcript The collapse of financial institutions on Wall Street has sent ripples of fear through local economies across the U.S. Four business journalists from across the nation assess the regional impacts of the financial upheaval. Read the Full Transcript Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. RAY SUAREZ: And now the view beyond Washington and Wall Street, and to Jeffrey Brown. JEFFREY BROWN: And for that, we're joined by four business journalists from around the nation.Kathy Kristof is a syndicated personal finance columnist in Los Angeles. Her column appears in the L.A. Times and elsewhere. Keith Reed is a reporter for the Cincinnati Enquirer. Shirley Leung is business editor for the Boston Globe. And Doug Smith is a reporter for the Charlotte Observer.Well, I want to ask each of you first to talk about what's happening in your region's economy.Kathy Kristof, in what ways is the financial crisis spreading outward? KATHY KRISTOF, Personal Finance Columnist: Well, we have a higher-than-average unemployment rate. We have difficulty, like everywhere else, in getting money to finance both business and real estate.We have an extremely — or we've had a very active real estate industry that is moribund right now. Again, the people who are really working hard are bankruptcy lawyers. JEFFREY BROWN: Real estate, what other kinds of businesses or sectors are being affected? KATHY KRISTOF: Well, almost everything. I mean, we have a very big small-business community, and they need capital to survive. So when capital dries up, you have no growth.We have a big entertainment industry that also needs capital. And we've actually had A-list people being denied loans. These are fairly unheard-of frames of events. I mean, this is an unusual period.