Word: bloomberg
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GROUNDHOG bites New York City's MAYOR BLOOMBERG...
...very low-key non-confrontational style. He gets along with Democrats." -Linda Fowler, professor of government at Dartmouth College in Hanover, N.H. Bloomberg News...
Sources: Fox News; CNN; AP; Bloomberg; New York Times; Washington Post; E! Online...
...walls are still bare in Larry Summers' West Wing office, a cramped and cluttered perch overlooking the Rose Garden. The Bloomberg terminals have yet to be delivered, and the steam-powered White House e-mail system recently crashed. Add to all that the fact that much of Barack Obama's economic team is still finding its way around the White House, and it's somewhat remarkable that this economic wunderkind turned Obama adviser is moving at flank speed on the biggest restructuring of the U.S. economy since the New Deal...
...sign of things to come. The foreclosure rate in California is one of the highest in the nation. More than 236,000 homes or 2.8% of California's housing stock foreclosed in 2008, helping to drive down home prices by 42% from December 2007 to last month, according to Bloomberg. In addition, the state government is projected to run a deficit of $40 billion over the next two years. (Read "Four Steps to Ending the Foreclosure Crisis...