Now that the U.S. government has moved to take ownership positions in nine major banks, among the next critical steps needed to ease the economic crisis’ recessionary impact on average Americans is to swap household debt relief for commitments to community service and national infrastructure and alternative energy development.
The past week’s 20-point drop in the market price of oil is primarily attributable to forceful declarations by key Democrats in Congress, including Sen. Jim Webb of Virginia, that they’ll investigate the role of dubious speculation in driving the price to its recent peak of $147 a barrel.
Finding housing that is affordable is a challenge for many in the Washington metropolitan area. Longtime homeowners breathe a sigh of relief that they bought their homes when they did, and that their mortgage rates were fixed. They worry, though, that the current “soft” market will mean that their retirement […]