Jingle mail
Homeowners whose homes are losing value as their mortgage resets to much higher levels increasingly feel no need to tough it out. Instead, they just mail the keys back and walk away. This happens enough that it’s called ‘jingle mail.’…
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Month January 2008
Saudia Arabia may have oil but…
… they’re running out of water. The problem is so severe than they plan to stop agriculture subsidies and plan to import all their food by 2016. Think about that. Importing all food means sharply higher prices due to transportation…
Winter Soldiers. Iraq Veterans Against the War
Iraq Veterans Against the War will hold Winter Soldiers in D.C. on March 13-16, 2008 to give testimony about atrocities in Iraq and Afghanistan and the military policies that led to them. From their website. Winter Soldiers, according to founding…
Bill Clinton as Trent Lott 2.0
Blogging and podcasting pioneer Dave Winer nails it in the Huffington Post. It was an interesting election until the Clintons started calling Obama the nice young African-American candidate. Yeah, I lived in the south long enough to understand what that…
New home sales fell 26% in 2007
This was the worst drop since records began in 1963. Also, the median price of a home dropped 10% from Dec 2007 vs. Dec. 2006.