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...weakest part of the market has become gangrenous. Unless it is removed, this infection will continue to spread to the rest of the body. Housing prices have to get to the bottom as fast as possible in order for buyers to enter the market of their own accord. In a economically rational market, people can then have the opportunity to own homes that they can actually afford...
Does Eliot House have enough drama to sustain its very own gossip blog? One Harvard student, who chooses to remain anonymous, thinks so. Enter The EL Word, which is, according to its blogger, “your one and only source into the scandalous lives of the Eliot elite.” The EL Word first began posting “gossip” in mid-January and still has relatively few entries—most of which are observational: “A senior boys’ blocking group is conducting a facial hair competition...
Like Brown, Newsom says California is in bad shape. But he adds that he will offer a more hopeful message than one anchored by austerity. "There are two ways to respond to our current crisis," Newsom said. "One, we can cut our way out. But then we enter a downward spiral of disinvestment. The other is, we can grow our way out of our problems. That's where I am. This state has such amazing capacity for change, for economic development. We need a strategy to grow." (Watch a video about gay marriage in California...
...will likely face tough competition from Schwarzenegger's Republican Party, within which two billionaires and a former Silicon Valley Congressman are already sizing one another up. Former Representative Tom Campbell and state insurance commissioner - and tech billionaire - Steve Poizner have each formed an exploratory committee and are expected to enter the race...
Brown, who expects the Republican billionaires to enter the race, said he's betting that voters aren't looking for a new California. Ideas, even if borrowed from an earlier time, will be fine, so long as they work. "[Voters] want a campaign based on hope but grounded in common sense," he said. "They don't need a grab bag of alluring ideas. They want realism...