$1.00 Homes and No Buyers!

STEVE RHODES The housing market is so bad you can’t even give away homes these days. Officials in suburban Barrington put three homes up for a sale at just a dollar a piece – a dollar! – and didn’t get a single bidder. A dollar! Let’s review: For less than the price of a CTA […]

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U.S. Home Price Rebound Already in ‘Bubble Territory’

Robert Shiller The gains in U.S. home prices in recent months may not be sustainable and increases in some areas of the country appear to be in “bubble territory,” an economist known for his property market expertise said on Tuesday. Robert Shiller, an economics professor at Yale University and co-developer of Standard and Poor’s S&P/Case-Shiller […]

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Did Schwarzenegger drop 4-letter bomb?

Letter to Ammiano Did California Gov. Arnold Schwarzenegger’s use a coded veto message to send the f-bomb to Tom Ammiano, soon after the San Francisco assemblyman made news by telling the governor to “kiss my gay ass”? A straight reading of Schwarzenegger letter laments “the fact that major issues are overlooked while many unnecessary bills […]

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France to launch national pride campaign in battle against Islam

By Peter Allen France is to adopt a series of measures to ‘reaffirm pride’ in the country and combat Islamic fundamentalism. They include everybody receiving lessons in the nation’s Christian history and children singing the national anthem. Using words which infuriated ethnic minority groups and Socialist opponents, immigration minister Eric Besson also said he wanted […]

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Obama’s Too-Big-to-Fail Plan Is Too Dumb to Pass:

Commentary by Kevin Hasset Sept. 28 (Bloomberg) — Treasury Secretary Timothy Geithner’s appearance in Congress last week to explain how President Barack Obama would overhaul financial regulation elicited the most striking sign yet that the wheels have come off the administration’s economic-policy team. The White House had proposed, and Geithner was ready to defend, such […]

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