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...June, he had about $4.5 million in the bank - much of it left over from his nearly uncontested 2008 re-election bid - and Specter had about $7.5 million. While the state party establishment is likely to try to keep large donors away from Sestak, he can probably count on younger and more liberal democratic donors, including some nationally in what's known as the Netroots movement of progressive bloggers and Internet users - the same people that helped Democrat Ned Lamont upset longtime Democratic incumbent Senator Joe Lieberman in the Connecticut primary in 2006. Lieberman quickly switched to independent...
...aviation minister Patel, "is to fill up seats and operate at lower costs." Unlike its parent, the profitable Air India Express operates as an independent company with lower overheads. Besides, with no business seats they will be able to pack in more people at a time when the passenger count for all airlines is down 30% since last year. (Read "Postcard: New Delhi...
...should count ourselves lucky that residents of the nation’s capital seem to understand this best—they appear committed to both solving the economic crisis and promoting the arts at the same time. The tenacious, successful performance of the summer jazz series and the open-air Sculpture Garden constitute a significant step forward for accessible art. In addition, the National Gallery of Art has no admission fee. Neither does the world-famous Smithsonian Institution, designed to serve as the nation’s attic...
What, you have a brilliant plan to just buy and hold oil? Don't count on it. The bigger players know what you're thinking, and they'll drive the price temporarily down so you are forced to sell at a lower price - or risk losing more than you can afford. As the price falls, and all of the other "smart" traders around you are forced to unwind their long positions and sell oil, the price will fall even faster against you. Why would the big boys do this to you? Well, any money lost by one trader must...
More important than absolute prices, though, is how they relate to what people earn. To gauge housing affordability, the data shop Fiserv compares the cost of houses with household income. By that count, homes nationwide at the end of March were only 7% more expensive than they were in 2000, before the bubble. In some markets - including Phoenix, Atlanta, Las Vegas and San Jose, Calif. - they were actually cheaper. In a way that they haven't in a very long time, home prices are starting to make economic sense...