crash

Call for safety improvements at intersection near Viola follows crash that killed mother, 4 children



a fire hydrant in the middle of a field: A memorial in Sedgwick County marks the intersection where a mother and four children died in a crash Friday (Sept. 25, 2020).


© Provided by Wichita-Hutchinson Plus KWCH-DT
A memorial in Sedgwick County marks the intersection where a mother and four children died in a crash Friday (Sept. 25, 2020).

WICHITA, Kan. (KWCH) – The Sedgwick County Sheriff’s Office on Monday provided an update to its investigation into a Friday afternoon crash near Viola that killed four children and their mother.

The sheriff’s office said the family’s SUV was traveling southbound on 263rd Street West when the driver of a grain truck, traveling east on 71st Street South, failed to stop at the stop sign at the intersection. The intersection of 263rd Street West and 71st Street South is where the SUV hit the rear of the grain truck’s trailer after the truck’s driver ran the sign, deputies said.

Sedgwick County is looking to make changes to the intersection with the goal of preventing another tragedy at the spot north of Viola in southwest Sedgwick County. The sheriff’s office, county engineers, and Public Works returned to the intersection Monday to see what they could implement. Some who live near 263rd West and 71st South say the intersection is not safe.

On Friday (Sept. 25), sheriff’s deputies and other emergency crews responded to two crashes at the intersection north of Viola, reported within hours of each other. The second crash fatally injured the mother and her four children. In both cases, the sheriff’s office said drivers failed to stop at a stop sign. Sedgwick County Commissioner David Dennis is among those saying there needs to be a change at the intersection.

“There will be two investigations, one by the sheriff’s department and then one by our director of public works, with our traffic safety engineer. But with an accident this significant, we need to get something to happen sooner rather than later,”

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Will a Housing Market Crash Affect Home Depot Stock?

Will the housing market crash again? Maybe. Many aspects of the economy are cyclical, and housing prices do occasionally fall. Is a housing crash imminent? That’s harder to answer.

Some have sounded the alarm on housing for good reason. Consider the famous Case-Shiller Home Price Index, an inflation-adjusted metric created by Standard & Poor’s tracking housing prices. The index’s value was 100 back in the year 2000 and had been close to 100 when applying the index’s criteria backward to the 20th century. But since 2000, it has risen above 180 on two occasions. The first time preceded the housing crash of the Great Recession.

The second time the Case-Shiller index exceeded 180 is right now. In reality, it passed the mark way back in 2016, and it’s currently around 215. So no need to panic: Crossing 180 doesn’t immediately flip a housing-crash switch. It just shows housing prices have gone up a lot. The bigger problem, though, is how much faster home values are growing relative to average income. Consider the data over just the last 10 years.

Case-Shiller Home Price Index: National Chart

Data by YCharts.

It’s probably unsustainable for home values to outpace personal income long term. Eventually people could be priced out of affordable housing, and that could spark a housing market correction. Will that affect companies like Home Depot (NYSE:HD)?

To answer that, we can start by going back to the Great Recession. 

A model house sits atop Jenga blocks while a businessman removes a piece, creating instability.

Image source: Getty Images.

The last time Home Depot’s revenue fell

Home Depot’s revenue fell from 2007 to 2009. In fiscal 2006, when things were going well, the company generated $90.8 billion in full-year net sales. In fiscal 2009, it generated just $66.2 billion — down 27% over three years. Likewise, net earnings took a hit as the company lost operating leverage from lower sales per location.

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