Day June 10, 2008

400,000 balls go into LA reservoir

A total of three million balls will be put into the Ivanhoe Reservoir for four years to block sunlight from forming a carcinogen found in the water there. (I just can’t help but think that the Law of Unintended Consequences…

Gas prices hurt rural poor the most

NY Times chart shows impact of gas prices hit rural poor in the South and Midwest the hardest. In some counties motorists are spending 16% of their income on gas. This can’t continue. Those counties will empty out as businesses…

The new math

FHA loses $4.6 billion – denies insolvency, but says, um, we need to do something to stop the losses. Not making more idiot loans would be a good start.