Obama is Africa has spread more goodwill in 10 minutes than Bush has in 6 years.
Foundering American property market could spark global slowdown worse than dotcom collapse
Heather Stewart, economics correspondent
Sunday August 27, 2006
‘Things do seem to be getting worse very quickly. Freefall is a strong word, but I think it’s the right one to use here,’ said Paul Ashworth, chief US economist at Capital Economics.
House prices have been rising at unprecedented double-digit rates in recent years, giving homeowners massive windfalls and supporting a wave of investment in new construction. However, the number of unsold new homes is now at a 10-year high. more
Economy is floundering? You mean giving away money to rich people doesn’t help everyone? That’s hard to believe. (dripping with sarcasm)
The Bush Administration continues to try to give money to their friends in the oil bid’nes’. Other attempt to drill. This must be the 5th or 6th time they have tried.
Outstanding Robert Redford appeal.
Sherwood Boehlert, the moderate Republican who will retire this fall, observed on the floor of the House last week that despite polls showing conservation as the ”preferred option” among Americans worried about high gas prices and oil dependency, ”this Congress has not voted on a single conservation measure since gasoline hit $3 a gallon.” At which point his colleagues voted (yet again) to open the Arctic National Wildlife Refuge to oil drilling in the misguided but apparently unshakable belief that a nation that uses one-quarter of the world’s oil while possessing 3 percent of its reserves can drill its way to lower prices. Continue reading