There’s plenty of housing available with demand down due to economic uncertainty and banks unwilling to loan to anyone other than the most credit-worthy. So it’s no surprise home prices have continued to fall according to the Case-Schiller Index:
Home prices in May plummeted 15.8% from a year earlier, to 2004 price levels, wiping away four [...]
Here’s a way to become cynical. You put time, effort, and money into building a huge home for a needy family. You even help raise money for a college fund. Then after the house is finished you see the family use it to get a $450,000 loan that can’t be repaid so the donated house [...]
While Sen. Barack Obama canceling a military base visit in Germany isn’t a big story it has legs. Much of it has to do with the multiple explanations the Obama campaign has given for the cancellation. The latest being:
“Even him going alone would likely be characterized by some as a political event,” Mr. Gibbs said [...]
It’s wasn’t that hard for LA to endure today’s earthquake. It was only 5.8, and not the “big one” scientists think will happen.
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Alaska’s senior Senator Ted Steven was indicted today:
Sen. Ted Stevens, the longest-serving Republican senator and a figure in Alaska politics since before statehood, was indicted Tuesday on seven counts of failing to disclose thousands of dollars in services he received from a company that helped renovate his home.
Stevens, the first sitting U.S. senator to face [...]
The Club for Growth is doing what it does best: holding Republicans accountable to the conservative principles they espouse. Their latest target is none other than Sen. John McCain. Club for Growth sent at letter to him after he left the door open to raising taxes to fix Social Security:
We listened with concern yesterday to [...]
MSNBC actually claims the sluggish economy is the cause for increased pet kidnappings. [via NewsBusters.org]
Michael Boskin argues a President Barack Obama would raise taxes to levels not seen in three decades.
The White House expects the budget deficit to reach $482 billion in 2009.
One year after the subprime mortgage mess gripped the world economy the IMF [...]
Bob Novak being diagnosed with a brain tumor sadly explains his car accident last week. However, it doesn’t explain his fear of The American Princess.
But seriously, I hope Novak gets well so he can get back to his reporting. There are few reporters like him out there, and few seem to understand it takes time [...]
When it comes to taxes the government’s appetite never dissipates. Higher gas prices mean fewer drivers buying gas. That means a reduction is gas tax revenues. The government’s answer: raise the gas tax. King Banian, subbing for James Joyner, writes:
The government has used a tax system that says, in short, the more miles you drive [...]
Work has begun turning the Xcel Energy Center from a hockey arena into the Republican Central. Plenty of work will continue in preparation for the Republican National Convention in September.
You can help me get to St. Paul by giving to my fundraising drive. Donors will get exclusive access to my convention coverage as well as [...]
Mario Cuomo hasn’t endorsed Sen. Barack Obama. He wants more specifics out of him:
“I’m unhappy with the current presidential race, so much so that I haven’t endorsed Obama or Hillary (Clinton), though I’m well-known to be a Democrat,” Cuomo said. “I am not endorsing because I don’t think they’ve been specific enough. We have these [...]
Banks have cut back on business loans. [via PrestoPundit]
Calculated Risk estimates the U.S. has 1.75 million excess housing units. Home prices won’t be rising for a while.
Mark Perry concludes stagnant oil exports combined with a growing world economy explains rising oil prices. “Nothing mysterious, nothing nefarious, and nothing to do with speculators.”
For Don Boudreaux “A [...]
Help me raise the funds needed to get to St. Paul for the Republican National Convention. I’m trying to raise $500 right away for travel with $2000 total for lodging and expenses.
You’re help is needed. All that’s needed to reach my first goal are 25 people to give $25, or 50 people to [...]
David Frum thinks national political conventions would be better if Presidential nominees would not get near them. They’d change from boring, scripted marketing tools into more substantial discussions and a place for rising talent to show off.
“An Unconventional Idea”
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In a recent Bloggingheads conversation with Anna Marie Cox Matthew Continetti makes the case that Sen. Barack Obama is becoming more like President Bush and vice versa.
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