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That forecast, gloomy as it is, still assumes the government is able to create economic-stimulus and foreclosure-prevention programs that work. If not, then home prices could be expected to fall even further. Major layoffs - there are more each day - keep downward pressure on home prices, since people without jobs are less likely to buy a house, or even to make the payments on the one they have. Foreclosures exacerbate the problem, as banks tend to sell repossessed properties on the cheap. December saw a surge in existing-home sales, especially out West, but 45% of those were distressed...
...support of more than just diplomats. Gore urged Congress to pass President Obama's stimulus package and, as soon as possible, a national cap-and-trade bill for carbon emissions - a prerequisite to leading negotiations in Copenhagen. If the U.S. takes on carbon restrictions of its own, Gore argued, major developing nations like China and Brazil are ready to fall in line. The Kyoto agreement gave developing countries a free pass to keep emitting carbon - a key reason the accord failed in the U.S. Senate - but Copenhagen will be different, because the world is now different. "The scientific consensus...
...That's a marked departure from the Bush Administration, which sought to marginalize global diplomacy on carbon emissions. With a major U.N. summit on global warming just 10 months away in Copenhagen, the current shift is necessary if the U.S. is to regain leadership on climate issues and work toward an equitable international deal on reducing carbon emissions. "The U.S. is the only nation that can lead the world, and this is the most serious challenge the world has faced," said Gore...
...Over the first few days of its tenure in office, the Obama Administration has made it a public priority to right the wrongs of the Bush years and restore competent diplomacy to its prominent role in American foreign policy. Toward that end, the United States should take a major step forward by establishing diplomatic relations with the Islamic Republic of Iran...
...mine." Wiener (pronounced Wee-ner) is one of Oregon's most influential political consultants and a former - and now disheartened - campaign adviser to the protagonist in this political soap opera. That would be Sam Adams, the new mayor of Portland and the first openly gay man to lead a major American city. Then there's Bob Ball, an openly gay local real estate developer who once had mayoral ambitions himself. In 2007, Ball hinted that Adams' mentoring relationship with a former legislative intern, Beau Breedlove (now 21), was, in fact, a sexual one that had begun when the young...