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...boom did raise the national homeownership rate from 60% to more than 67%, but the bust is bringing it right back down again - probably to less than 60% by the end of the year. As a result, demand for affordable rental units (meaning less than $1,000 a month for two bedrooms in South Florida) is bound to rise. And no amount of empty five-bedroom, three-bath dream houses is going to satisfy...
...battery of mistakes committed during a bungled investigation. Investigators failed to realize security cameras installed at Levy's apartment building might have offered valuable clues until after the tapes had been erased. While examining Levy's laptop for clues, an unseasoned sergeant mangled her Internet search history, forcing a month-long delay before police were able to discover that she may have planned to visit the park on the day of her disappearance. The police were criticized for fanning the media fury and impeding the investigation by holding press conferences. Most significantly, they honed in on Condit at the exclusion...
...Only the Pentagon could turn a $60 million helicopter - the European-made EH-101 - into a $480 million whirlybird. The Pentagon's Defense Science Board, in a report released earlier this month, didn't mince words in assigning blame for the fiasco. "The schedule was acknowledged at the start to be high-risk and very aggressive," it said, "driven by post-9/11 global war on terror urgency." The costs started climbing as the White House informed the Pentagon and its contractors of its wish list of encrypted video, telephone and electronic capabilities that it wanted aboard the new birds...
...outgoing acquisition czar, recently blamed both. He cited the program as emblematic of a Pentagon culture wedded to rosy cost projections. "Higher costs, whether based on low estimates or poor enterprise management, is unacceptable and harmful to the defense enterprise," he wrote to Defense Secretary Robert Gates last month. "The acquisition team bears significant responsibility for moving forward with these programs built on inadequate foundations." (Read "Can Robert Gates Tame the Pentagon...
Earlier this month, the director of National Intelligence, Admiral Dennis Blair, told a Senate hearing that the global economic crisis had replaced terrorism as the "primary near-term security concern" for the U.S. Blair's office has produced a report saying that economic crises had already led to some degree of political instability in a quarter of the world's nations. (See pictures of the global financial crisis...