“Early to bed, early to rise, work like hell, and advertise!”
Earlier this week the Associated Press grappled with the issue of whether or not the current economic downturn has reached the point that it can be called a depression.
There is a growing consensus among those who follow such things, that the new high of world oil production (87.9 million barrels a day) reached last July is likely to go down in history as the all-time peak.
We knew this was going to happen. With Sen. Hillary Clinton’s double-digit victory in Pennsylvania Tuesday, there is now no conceivable way that the Democratic nomination is going to be wrapped up before the Democratic National Convention in Denver in late August.
In Monday’s lively public hearing of the Falls Church Planning Commission on the City Center project, supporters and opponents of the project locked horns in one of the more evenly-matched, at least in terms of numbers, such events seen in Falls Church in awhile.
The House passed an economic stimulus package this week. The deal, brokered by Speaker Pelosi and Minority Leader Boehner, in concert with President Bush, provides a timely, temporary and targeted boost to the U.S. economy in order to avoid a looming recession or lessen its impact.
Historical narratives matter. That’s why conservatives are still writing books denouncing FDR and the New Deal; they understand that the way Americans perceive bygone eras, even eras from the seemingly distant past, affects politics today.
Suddenly, the economic consensus seems to be that the implosion of the housing market will indeed push the U.S. economy into a recession, and that it’s quite possible that we’re already in one.
Let’s start with the obvious. Unless something very bad happens this year – a big meteor strikes the earth, a good sized war in the Middle East, or a major sabotage operation– we are likely to consume another 31 billion barrels of oil or, as we call it these days, […]
Remarkably, there are simply no indicators suggesting a rosy coming period for the U.S. economy. None, not one. On the other hand, there are plenty of arrows, and thumbs, pointing downward. No one has said how the gaping hole caused by the sub-prime mortgage crisis and related predatory lending policies […]