Word: joints
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This year, U.S. homeowner spending on remodeling projects will continue to drop through the autumn, according to a forecast by the Joint Center for Housing Studies at Harvard University. The center estimates that owner-occupied households spent $122.6 billion on remodeling and repairs last year, compared with $139.1 billion in 2007. And the scope of many projects is small compared to what it was, say, three years ago, when newly built homes, swimming pools and huge additions were more the order of the day than the current crop of bathroom renovations and refaced cabinets...
...main thrust of the legislation is to take the consumer-protection responsibilities (and consumer-protection regulators) now housed at the Federal Reserve and other banking agencies and give them their own new home. In trying to balance the joint responsibilities of protecting consumers and keeping banks safe and sound (that is, profitable), bank regulators have in the past decade failed at both. So the idea is that if we create an agency with consumer in the name and a clearer focus, we'll have a better shot at protecting consumers from dangerous, deceptively packaged financial products and keeping banks from...
...there's a sparkling-new downtown arena, some bright residential complexes, the gestation of a hipster scene. But Newark is still a drug-infested, poverty-stricken place where rubble piles up on Park Avenue and the shabby Hotel Riviera sits across the street from an auto-parts joint, around the corner from an abandoned five-story building...
...White House. What could be more tactical for a young, telegenic Rhodes scholar with infinite political potential? A home among the Georgetown salons, minutes from the national talk-show studios? Or a brownstone in Newark's South Ward, where on a July day, six teens shared a joint about a block from the mayor's residence? At 10 in the morning. (See pictures of Booker...
...response to a question about the disorderly conduct arrest of Harvard scholar Henry Louis Gates ended up dominating the news coverage. Still, the White House now seems to realize that a series of press conferences or political speeches across the country, or even an historic address to a joint session of Congress (as Clinton tried), will not be enough to get over the finish line. Health-care reform is so politically fraught that it needs a strong White House presence in the room, something that happened only late last week in the House (when Emanuel became personally involved...