All those eager Apple aficionados who waited in line for days to get their grabby hands on the first crop of iPhones for $599 a pop, only to watch in despair as stragglers bought them but two months later for a whopping $200 less, may sympathize with an angry New York woman who clearly will not be placated by Steve Jobs' scrambly attempt at refunding his way back into customers' hearts.
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.
That's according to Saudi Ambassador Prince Turki al Faisal. Not that that should be the reason that dissuades America from invading Iran, but it's at least worth noting.