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...housing market has stratified can be clearly seen in Howard County, Maryland. After falling for six months in a row, the number of contracts signed by buyers ticked up in January, and has been rising ever since. The problem, though, is that almost all of the activity is among the lowest-priced homes. In May, sales of houses under $300,000 (for the D.C. suburbs, that's low-priced) jumped 41%, as compared to the same month last year. Sales of houses $300,000 and above, meanwhile, dropped by 26%. The super-high-end is particularly grim. At the rate...
...counties and largely voting Republican, and younger voters, more likely to be Asian or Latino or black or Middle Eastern, who are more prevalent in California's urban centers and hip suburbs and who predominantly support Democrats. As the state's population has become diverse and Anglo voters have seen their own children grow up and leave the public schools, there has been a backlash of the first against the second, as seen in conservative ballot measures such as Proposition 13 (property taxes), Proposition 187 (illegal immigration) and Proposition 8 (gay marriage). Conservative Anglos, a minority of the state...
Biden's team informed states and localities months ago to scrub their wish lists of anything that might be seen as unnecessary or wasteful. White House officials were happy to sign off on bridge repairs and roadwork on busy intersections and new runway signals for strapped airports. But they have spent a lot of time trying to kill projects that sound like red alerts on Fox News: a plan for military-cemetery headstone-straightening was scrapped, as was a request for a $10,000 refrigerator to house fish sperm in South Dakota. Gone too was $7 million for Interior Department...
That behavior can be seen in Pyongyang's treatment in recent weeks of an industrial park just north of the border. The Kaesong industrial zone, opened in 2004, was developed mainly by South Korea as part of Seoul's attempts to engage its northern neighbor through economic cooperation, and today it houses more than 100 South Korean companies that employ about 40,000 North Koreans. The zone has been a major source of trade for North Korea, but that hasn't stopped Pyongyang from threatening its operations. In May, North Korean officials said that all contracts regarding the South Korean...
...which was fueled by the economic boom, faces walls and obstacles now," says Javier Corrales, a Latin America expert who teaches political science at Amherst College in Massachusetts. Another factor is the exit of U.S. President George W. Bush, whose own bid for excessive presidential power wasn't exactly seen by Latin Americans as a model of democratic checks and balances. Today, the more collegial Obama presidency makes hyperpresidencies look less seemly. (See pictures of Barack Obama's family tree...