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Obama’s Pen Pals

Aug 4, 2009
Every day the president reads 10 letters from the public that are handpicked by his staff. Lately, he says, a lot of them are about health care. Here's a White House-produced look at the process.

Home Prices Plummet

Aug 29, 2007
If you're caught up financially in the housing bubble (who isn't these days?), you might want to skip this item. Home prices have fallen by 3.2 percent -- the sharpest drop in 20 years, while the median price for homes has gone down for the 12th consecutive month -- another record. That's not good news for a market eager to return to the good ol' days of easy loans and overpriced homes.

Home Foreclosures on the Rise

Mar 5, 2007
As interest rates continue to spiral out of control for many high-risk borrowers, the number of home foreclosures around the country is steadily going up. There isn't much good news for the opportunistic lenders either -- more than 20 mortgage companies have already gone bankrupt.

Pop! Housing Bubble Burst is Real, and Consequential

Aug 28, 2006
Economist and N.Y. Times columnist Paul Krugman writes that the downturn in the housing market is "a recipe for a major bust, not a soft landing," and that it will likely drag the entire economy down with it. As evidence, check out this Cincinnati Enquirer article about consumers tightening their belts in the face of the housing slump and high gas prices.

Bush’s Iraqi Civil War Bubble

Aug 9, 2006
In the last week alone, those warning of a civil war in Iraq included: America's top commander in Iraq, Gen George Casey; Joint Chiefs of Staff Chairman Peter Pace; Centcom commander Gen John Abizaid; and Britain's ambassador to Iraq But what does Bush hear? "Yadda yadda yadda" (more).