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After showing signs of a fledgling recovery from the worst downturn in decades, the U.S. housing market appears to be heading back toward the doldrums, as the expiration of a lucrative tax credit for buyers and increased uncertainty about the economy cause home sales to plummet. via U.S. housing market remains fragile despite low mortgage rates. Nine. [...] New Jersey’s Governor Chris Christie must be following the economic news from Greece. Its tattered reputation for fiscal control has turned Greece into an international financial nightmare and laughingstock. Perhaps tiring of New Jersey jokes, Governor Christie this week handed down a stiff freeze on spending. Announcing the freeze on $1.6 billion of unspent money, Mr. [...] Money on the table — perhaps $10 billion a year or more — could help close a deal in Denmark next month and keep climate talks moving toward a new global treaty in 2010. But if poorer nations see too little offered up front, the U.N. conference could end in discord. The money would help developing [...] The motel room seemed to shrink as days wore on, and their belongings bulged from its one dresser and closet. Papers. Clothes. Hair accessories. Room 267 had become a cramped way station for a family of four, far from what Daverena White had in mind when she decided to buy a house. via Fallout: In the [...] In reality, the government report says unemployment rates remained steady at 9.5 percent. And the number of jobs actually rose, by 80,000. And the number of jobs for college-educated Americans rose more than in any month in the last six years. via Did Unemployment Really Rise? – Floyd Norris Blog – NYTimes.com. So is Norris saying that [...] Oh, well. Maybe we’ll still get the monorail. Here is a graph showing the true effect of the stimulus package on unemployment. And the answer is: the predictions were wrong and the stimulus seems to have had no effect whatsoever. The Terminator said in a podcast last Spring that unemployment was going to be the Achilles Heel [...] Charlie and I had lunch together the other day to chat, gossip, malign our enemies, praise our friends and apply our collective wisdom to political problems large and small. (Forewarned: it was such a lunch that resulted in The American Sector.) We are normally in general agreement on most things but this time we hit [...] NYT Chatham House, a London-based research organization, released a study done with the University of St. Andrews challenging the Iranian government’s declared results, based on a comparison with the 2005 elections as well as Iran’s own census data. The study showed, for example, that in two provinces where Mr. Ahmadinejad won a week ago, a turnout of [...] According to a new Rasmussen poll, 45% of Americans are more worried about massive debt and inflation than Obama and the Democrats in Congress. With the economy bumping slowly along, not recovering but not sliding into Depression either,1 people are beginning to wonder if allocating ¾ of a trillion dollars we don’t have to bailing out… [...] |
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