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...jittery banks slashing the range of available mortgages, and rocketing gas prices nudging inflation to 3.8% - well above the Bank of England's 2% target - demand in Britain's housing market has been choked. House prices fell 1.7% last month, according to Halifax, a major mortgage lender, and a total of 8.8% over the past year. That's hit Britain's construction business hard. Shares in Taylor Wimpey, the U.K.'s largest house builder, have fallen more than 80% over the past 12 months. The construction downturn slowed growth in Britain to an anemic 0.2% in the second quarter...
Which is why I'm almost as puzzled by Obama's debate strategy as I am by McCain's advertising. Obama's decision not to accept McCain's offer of 10 summer debates--or, at least, to negotiate a more manageable total--always seemed wrong to me. After all, Obama is supposed to be the fresh breeze, and that would have been a brand-new, high-road way to engage the public. Obama's refusal made him seem less than courageous. It played into the notion that he wasn't a very good debater and that McCain...
WEEK BY WEEK [This article contains a table. Please see hardcopy of magazine.] JUNE JULY AUG. SEPT. OCT. TOTAL WEEKS WON REPUBLICANS TIE X TIE X TIE X 3 DEMOCRATS...
...Total Revenue of Iraq's Government...
Though alarmist headlines might suggest otherwise, recent statistics show that the Met has been living up to its international reputation. Across Britain's capital, crime is down by a total of 19% over the past four years, with sanction detections - where an offender has not only been caught but charged as well - up from 12.7% to 25.4% in the same period. "No one in Europe is better," says a senior Italian law-enforcement official...