EXTRA...

Will today be "Black Monday"? Housing becoming affordable on Cape Cod; Church offers prize; Parade features Cape Wind

Orleans Church built from scrap marks 75 years
Stocks set for lower open
Futures slip amid worries about slowing economy; oil holds around $102 a barrel; Asia drops 4.5%

Stocks looked set to kick off the first trading day of March on a downbeat note, as worries about the slowing economy continued to stalk investors.
   Nasdaq and S&P futures were lower, indicating a negative start for Wall Street.
   Economic concerns and worries about the health of the financial sector sent stocks sharply lower Friday. Overseas markets followed suit, with Japan's Nikkei closing Monday's session 4.5% lower. European stocks also dropped in morning trading...  CNN.  $1,000 prize offered for the best work of religious art in any medium

An Episcopal church in Massachusetts whose original building was cobbled together from scrap lumber is marking its 75th anniversary. The large building that now houses the Church of the Holy Spirit in Orleans on Cape Cod includes some of the wood that came from a wrecked summer hotel. The congregation paid $65 for the remains of the Chequessett Inn in Wellfleet and hauled the lumber to Orleans on its own.

"It's a true church put together by the people," the rector, the Rev. David Angelica, told The Cape Cod Times. "Every rafter and beam oozes that"  he said.  The church has had a long association with artists and is full of carvings by one of its founders, Vernon Smith. As part of its anniversary celebration, the church is offering a $1,000 prize for the best work of religious art in any medium...  UPI.  
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Housing becoming affordable on Cape Cod

Marissa Chouinard, a single mother who receives a teaching degree in May, grew up in Falmouth. She is buying a house for $173,000, $110,000 below its original asking price.26 homes listed at prices between $160,000 to $199,000

The bursting of the real estate bubble has been good news for many residents of one of the priciest resort areas in the United States, Cape Cod in Massachusetts.  Cape Codders who thought they would never be able to buy a house there find that some properties have dropped to a price they can handle, the Cape Cod Times reported. In January, 26 homes in Barnstable County were listed at prices between $160,000 to $199,000, compared to one in that range in 2005...  In the 20 years between 1984 and 2004, housing prices in the county, which includes the entire cape, skyrocketed from $79,099 to $457,200. In 2007, they dropped 5.5 percent...  UPI.  
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As the cost of fuel rises, battles rage over Wind Power

Some believe wind energy would make our nation more secure, as we’d be less dependent on foreign fuel. “We’re importing natural gas and will be importing more and more,” notes Richard Vietor, a wind-energy expert at Harvard Business School. “And we still burn oil to make electricity—as on Cape Cod—and that’s imported.” Cape Cod, Mass., is deeply rooted in tradition and its maritime past. Historic church steeples fill the skyline, 300-year-old sea captains’ homes dot the landscape, and sailboats grace the oceanic horizons. So when an energy entrepreneur proposed building a massive ocean-based wind-energy project in nearby waters, locals were understandably shocked. Although similar projects had operated successfully in European waters, none existed in the United States. Few Cape Codders were familiar with the ultramodern technology...

Experts say many of the Northeast’s electrical needs could be supplied by ocean winds... The technology also can save consumers money. “Adding wind electricity will drive down the cost of fossil fuels,” says Willett Kempton, a senior policy scientist at the University of Delaware. He believes wind turbines could play a role in stabilizing the U.S. economy...  Parade. 
Editor's Note: PARADE magazine is distributed by more than 400 Sunday newspapers, including the The Atlanta Journal & Constitution, The Baltimore Sun, Boston Globe, Chicago Tribune, The Dallas Morning News, Houston Chronicle, Los Angeles Times, The Miami Herald, New York Post, The Philadelphia Inquirer, San Francisco Chronicle, The Seattle Times / Post Intelligencer and The Washington Post. MS Williams is the author of the book "Cape Wind".