Highway fund shortfall
Federal funding for highways is running out because it is funded by taxes on motor fuel, and people are driving less because of high prices. So, there’s a revenue shortfall.
"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Federal funding for highways is running out because it is funded by taxes on motor fuel, and people are driving less because of high prices. So, there’s a revenue shortfall.
Hurricane Ivan and the Fannie/Freddie takeover are both unpredictable and capable of extreme damage. The takeover seems a desperation move will almost certainly trigger massive blowback (unpredicted consequences of actions.) No one knows if the financial levees will hold.
Conclusive proof from the fine folks at Snopes.
More broadly, this isn’t a big surprise, but the timing of this coming after Bill Gross’s missive yesterday really rankles. Does everyone have to hop every time Gross complains? Is he the bond market incarnate, or just channeling its animal…
FDIC announcement. John McCain’s son resigned from the board of the holding company of July 28 citing “personal reasons.” Yeah, right.