News · Politics

Housing going down for a while

I swear I’m not a pessimist but this economy really has me worried. The fundamentals really do point to disaster! My next fear is that inflation is going to be seized on as the solution to our current crisis.
Housing prices haven’t hit bottom yet

“I don’t think we get strengthening in the housing market until late 2011 or
2012,” said Mark Vitner, senior economist for Wachovia, the nation’s fourth
largest bank and one that this month hired the number-two man from the Treasury
Department as its new chief executive officer to shore up its own growing
exposure to mortgage debt.
Before bottoming out, prices nationwide should fall 22 percent to 29 percent on
average from their peak, according to a report that Wachovia released last
Monday.

Politics

Another McCain phony


Judith Warner
writes that saying something is a lot cheaper than actually
doing something. Why listen to a politicians words when he has plenty of
actions that reflect reality. Remember Bush and “Compassionate Conservatism”:

In real life, it’s another story.

McCain has opposed legislation aimed at helping women sue in cases of pay
discrimination on the grounds that it could make businesses vulnerable to
frivolous lawsuits. He criticized Barack Obama’s latest woman-friendly proposals
– guaranteed sick days and more family leave – as ‘big-government’
extravagances. He has voted to restrict womens access not just to abortion but
to birth control and affordable prenatal health care, and – though his own
memory failed him in recalling this last week – he voted against legislation
that would have required insurance companies to include contraceptives as part
of their prescription drug coverage.

Politics

The Onion

Paul Krugman reminds us that The Onion is the only paper that really understands things. From a prescient spoof in Jan, 2001:

We as a people must stand united, banding together to tear this nation in two,” Bush said. “Much work lies ahead of us: The gap between the rich and the poor may be wide, be there’s much more widening left to do. We must squander our nation’s hard-won budget surplus on tax breaks for the wealthiest 15 percent. And, on the foreign front, we must find an enemy and defeat it.”

Technology

iPhone 3G

Looks like Apple really has improved the sounds quality on calls. Both GSM and 3G.
From iPhone 3G review – Engadget:

One thing Apple was keen to talk up is the vastly improved call quality of the iPhone 3G. Those in the know understand that 3G call quality is often better than regular GSM — but it turns out Apple made a huge improvement on both sides. iPhone 3G calls made over 3G and GSM both sounded significantly better than calls made on the original iPhone. If you’re upgrading your device iPhone you may not necessarily notice it, but on a side by side it was pretty obvious.”