Word: fixings
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...Lord, except that right now everyone wants a little piece of it. The mob has been chanting for months, ever since former Treasury Secretary Henry Paulson arrived in late September on Capitol Hill to warn of disaster, pass around his three-page plan and demand $700 billion to fix the problem. Most members of Congress were so spooked they were ready to write a check, until their phone lines started melting with the angry voices of taxpayers demanding details about the likely return on the investment. But even the minimal strings attached did not prevent the first $350 billion from...
Here's a thought: let's have the government do something to fix the housing market. Now what would that...
...home buyers there. But if we're still not in the ballpark of normality overall--and certain market watchers think we might see prices drop an additional 10% to 15% nationally before this thing is over--then spending billions to spur on buyers won't be a magical fix. "To prop up prices above fundamentally justified levels is throwing good money after bad," says Joe Gyourko, professor of real estate and finance at the University of Pennsylvania's Wharton School. Overboosting homeownership helped get us into this mess, after...
...credit card at a rate of 6%, and that would put money in people's pockets too," says Dean Baker, a co-director of the Center for Economic and Policy Research. Call this a housing-mediated stimulus--but don't call it a housing-market fix...
...region's resurgent left; and after his first attempt to change the constitution, leftist Presidents Evo Morales of Bolivia and Rafael Correa of Ecuador had their own term limits relaxed by popular vote. Colombia's conservative President, Alvaro Uribe, won't deny that he hopes to engineer a constitutional fix letting him seek a third term when his second mandate ends next year. The trend has democracy watchdogs fretful about a return of the Latin caudillo. (See pictures of Colombia's guerilla army...