Word: nationalization
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That's why building is starting to pick up in certain pockets of the country. In central Texas, to take an example, D.R. Horton, one of the nation's largest homebuilders, is planning to build upward of 700 houses without buyers lined up. Such speculative houses largely went away during the real estate bust, but for builders trying to stay ahead of growing demand, they are starting to reappear. (See 25 people to blame for the financial crisis...
...nation's deadliest uprising took place over four days at upstate New York's Attica Correctional Facility in 1971. More than 1,000 prisoners rebelled, holding dozens of guards hostage and issuing a series of demands to improve living conditions (prisoners were reportedly allowed only one shower per week and one toilet-paper roll per month). After negotiations broke down, authorities forcibly retook the facility, using tear gas and live ammunition. The violence killed 32 inmates and 11 guards. (Decades later, New York State awarded millions in damages to surviving inmates who said they were mistreated following the insurrection...
Since he declared his candidacy for next year's U.S. Senate race, Florida's usually moderate Republican governor, Charlie Crist, has been accused of pandering to conservatives. He even opposed Sonia Sotomayor's appointment to the U.S. Supreme Court, a questionable move in a state with one of the nation's largest Latino populations. But since Florida GOP Senator Mel Martinez last week resigned the seat Crist is running for, the governor now has the rather weird duty of appointing an interim successor to the job he eventually wants. (He insists he won't appoint himself.) His choice could have...
...more conservative predecessor, Jeb Bush, has already raised almost $4.5 million for his Senate run, compared with the less than $500,000 raised by Rubio. Crist won the 2006 primary in a landslide as a moderate - not all that difficult, given Florida's reputation as one of the nation's most politically centrist states - and his endorsement of John McCain helped that moderate Republican win Florida's presidential primary last year...
...right - choosing the little known Alaska governor as his running mate represented a daring risk, but unfortunately for the GOP it backfired. The excitement generated by Palin's surprise pick, her unorthodox political pedigree and electrifying convention acceptance speech would dissipate as she increasingly appeared unprepared for the nation's No. 2 office. Top McCain strategist Steve Schmidt believed Palin's series of disastrous interviews with CBS' Katie Couric was "one of the worst performances ever" by a national political candidate (Balz and Johnson report that Palin put off preparing for the interview, oddly, to focus on completing a written...