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As the debt hangover works its way through the system, the outlook is for housing to continue along an extended rocky and bumpy bottom, generally moving sideways in nominal terms.
Over the last decade, the U.S. housing market has experienced an unprecedented increase in housing values and credit availability, particularly in the area known as “subprime” lending for buyers with less-than-perfect credit. In the last two years, according to the comptroller of the currency, 20 percent of all mortgage originations...
The collapse of the home mortgage market and its effect on real estate values and the overall economy is one of the most important problems facing the United States.
If you look at the U.S. budget trajectory with an eye on the lessons from Japan's recent history, there's a strong case that the U.S. rating should be cut immediately.
The scandal surrounding Solyndra — the now-bankrupt, Obama-connected solar power company that received a federally guaranteed loan of $573 million — is well known. But Solyndra, Peter Schweizer says, is only the tip of the iceberg.
In this era of constrained resources, how can schools cut costs, eliminate inefficient spending, and fuel school improvement?
While the economy has deflated along with property values, school districts are still living within budgets built for a bubble economy.
From teenage boys with bleached blond hair to toilet brushes in designer cases, conscious style is spreading to places we never expected. Aesthetics--the look and feel of people, places, and things--is becoming an increasingly important source of economic and cultural value. In her new book, Virginia Postrel examines the...





