This week has not been so funny...
Sorry no Sunday Funnies this week
Sorry no Sunday Funnies this week
Saturday, September 03, 2005
Web Edition - NewsGator Online
Web Edition - NewsGator Online: "Barry LePatner
'Good judgment comes from experience, and experience comes from bad judgment.'"
'Good judgment comes from experience, and experience comes from bad judgment.'"
Editor:
The below article should be read ... and then when you get to the part where the government (FED) can't do anything unless a formal request is put in and you think that this was a bureaucratic screw up go to this link and see that the govenor of LA did submit a request for help...
Link to govenor's letter
The below article should be read ... and then when you get to the part where the government (FED) can't do anything unless a formal request is put in and you think that this was a bureaucratic screw up go to this link and see that the govenor of LA did submit a request for help...
Link to govenor's letter
CNN.com - Mayor to feds: 'Get off your asses' - Sep 2, 2005: "Mayor to feds: 'Get off your asses'
Transcript of radio interview with New Orleans' Nagin
Friday, September 2, 2005; Posted: 2:59 p.m. EDT (18:59 GMT)
New Orleans Mayor Ray Nagin speaks Saturday, before Hurricane Katrina's devastation.
(CNN) -- New Orleans Mayor Ray Nagin blasted the slow pace of federal and state relief efforts in an expletive-laced interview with local radio station WWL-AM.
The following is a transcript of WWL correspondent Garland Robinette's interview with Nagin on Thursday night. Robinette asked the mayor about his conversation with President Bush:"
Friday, September 02, 2005
Corpses lie abandoned in street medians. Medical helicopters and law officers come under fire. Survivors battle for seats on the buses that would carr
Corpses lie abandoned in street medians. Medical helicopters and law officers come under fire. Survivors battle for seats on the buses that would carry them away from the nightmare. The tired, hungry and desperate seethe, saying they have been forsaken.
Corpses lie abandoned in street medians. Medical helicopters and law officers come under fire. Survivors battle for seats on the buses that would carry them away from the nightmare. The tired, hungry and desperate seethe, saying they have been forsaken.
Friday, September 02, 2005
JACK DOUGLAS JR.,
SCOTT DODD and MARTIN MERZER
NEW ORLEANS -- Some of Hurricane Katrina's most desperate victims abandoned a dying city Thursday as food and drinking water disappeared and anarchy flared. People armed with shotguns guarded their homes and stores. Rescue crews came under fire from hijackers.
For thousands upon thousands of people, time was running out. A Knight Ridder reporter saw three bodies in and around the Superdome. Criticism of the federal response to the most sweeping natural disaster in American history rose to a fever pitch -- and not just in New Orleans."
Corpses lie abandoned in street medians. Medical helicopters and law officers come under fire. Survivors battle for seats on the buses that would carry them away from the nightmare. The tired, hungry and desperate seethe, saying they have been forsaken.
Friday, September 02, 2005
JACK DOUGLAS JR.,
SCOTT DODD and MARTIN MERZER
NEW ORLEANS -- Some of Hurricane Katrina's most desperate victims abandoned a dying city Thursday as food and drinking water disappeared and anarchy flared. People armed with shotguns guarded their homes and stores. Rescue crews came under fire from hijackers.
For thousands upon thousands of people, time was running out. A Knight Ridder reporter saw three bodies in and around the Superdome. Criticism of the federal response to the most sweeping natural disaster in American history rose to a fever pitch -- and not just in New Orleans."
USATODAY.com - World reaction ranges from scolding to sympathy
USATODAY.com - World reaction ranges from scolding to sympathy: "World reaction ranges from scolding to sympathy
By James Cox, USA TODAY
A top German official said the United States had itself to blame for Hurricane Katrina. Canada's prime minister waited days to issue condolences.
On the positive side, Iran offered its sympathies. Cuba's Fidel Castro led a moment of silence for victims of the storm.
Foreign reaction to tragic events along the Gulf Coast produced surprises from:"
By James Cox, USA TODAY
A top German official said the United States had itself to blame for Hurricane Katrina. Canada's prime minister waited days to issue condolences.
On the positive side, Iran offered its sympathies. Cuba's Fidel Castro led a moment of silence for victims of the storm.
Foreign reaction to tragic events along the Gulf Coast produced surprises from:"
Web Edition - NewsGator Online
Web Edition - NewsGator Online: "James Thorpe
'Household tasks are easier and quicker when they are done by somebody else.'"
'Household tasks are easier and quicker when they are done by somebody else.'"
A Can't-Do Government - New York Times
A Can't-Do Government - New York Times: "A Can't-Do Government
By PAUL KRUGMAN
Published: September 2, 2005
Before 9/11 the Federal Emergency Management Agency listed the three most likely catastrophic disasters facing America: a terrorist attack on New York, a major earthquake in San Francisco and a hurricane strike on New Orleans. 'The New Orleans hurricane scenario,' The Houston Chronicle wrote in December 2001, 'may be the deadliest of all.' It described a potential catastrophe very much like the one now happening.
So why were New Orleans and the nation so unprepared? After 9/11, hard questions were deferred in the name of national unity, then buried under a thick coat of whitewash. This time, we need accountability."
By PAUL KRUGMAN
Published: September 2, 2005
Before 9/11 the Federal Emergency Management Agency listed the three most likely catastrophic disasters facing America: a terrorist attack on New York, a major earthquake in San Francisco and a hurricane strike on New Orleans. 'The New Orleans hurricane scenario,' The Houston Chronicle wrote in December 2001, 'may be the deadliest of all.' It described a potential catastrophe very much like the one now happening.
So why were New Orleans and the nation so unprepared? After 9/11, hard questions were deferred in the name of national unity, then buried under a thick coat of whitewash. This time, we need accountability."
Thursday, September 01, 2005
WWLTV.com | News for New Orleans, Louisiana | Local News
WWLTV.com | News for New Orleans, Louisiana | Local News: "12:38 P.M. - (AP): Two French Quarter hotels says federal officials have foiled their plans to hire buses to ferry guests to higher ground.
The general manager of the Astor Hotel at Astor Crowne Plaza says the hotels teamed to hire ten buses to carry some 500 guests.
But Peter Ambros says federal officials commandeered the buses, and told the guests to join thousands of other evacuees at the New Orleans convention center.
One man says he and others had paid $45 a seat for the buses, and that they were 'totally stunned' when the buses never arrived. Another woman said the crowd had waited 14 hours for the buses. She says the idea of walking to the convention center scared her because of reports of looting.
The woman says it appears Louisiana officials have forgotten about tourists, and are just intent on getting their own residents out.
12:30 P.M. - WWL-TV: Charity Hospital is almost finished evacuating all their patients. Minimal food and water remains.
12:28 P.M. - (AP): Dozens of post offices were closed and mail service was suspended in parts of Louisiana, Mississippi and Alabama. But officials said they are working to get mail to people"
The general manager of the Astor Hotel at Astor Crowne Plaza says the hotels teamed to hire ten buses to carry some 500 guests.
But Peter Ambros says federal officials commandeered the buses, and told the guests to join thousands of other evacuees at the New Orleans convention center.
One man says he and others had paid $45 a seat for the buses, and that they were 'totally stunned' when the buses never arrived. Another woman said the crowd had waited 14 hours for the buses. She says the idea of walking to the convention center scared her because of reports of looting.
The woman says it appears Louisiana officials have forgotten about tourists, and are just intent on getting their own residents out.
12:30 P.M. - WWL-TV: Charity Hospital is almost finished evacuating all their patients. Minimal food and water remains.
12:28 P.M. - (AP): Dozens of post offices were closed and mail service was suspended in parts of Louisiana, Mississippi and Alabama. But officials said they are working to get mail to people"
Extraordinary Problems, Difficult Solutions
Extraordinary Problems, Difficult Solutions: "Extraordinary Problems, Difficult Solutions
Massive Floods, Pollution Make for 'Worst Case'
By Guy Gugliotta and Peter Whoriskey
Washington Post Staff Writers
Thursday, September 1, 2005; Page A10
First they have to pump the flooded city dry, and that will take a minimum of 30 days. Then they will have to flush the drinking water system, making sure they don't recycle the contaminants. Figure another month for that.
The electricians will have to watch out for snakes in the water, wild animals and feral dogs. It will be a good idea to wear hip boots and take care of cuts and scrapes before the toxic slush turns them into festering sores. The power grid might be up in a few weeks, but many months will elapse before everybody's lights come back on."
Massive Floods, Pollution Make for 'Worst Case'
By Guy Gugliotta and Peter Whoriskey
Washington Post Staff Writers
Thursday, September 1, 2005; Page A10
First they have to pump the flooded city dry, and that will take a minimum of 30 days. Then they will have to flush the drinking water system, making sure they don't recycle the contaminants. Figure another month for that.
The electricians will have to watch out for snakes in the water, wild animals and feral dogs. It will be a good idea to wear hip boots and take care of cuts and scrapes before the toxic slush turns them into festering sores. The power grid might be up in a few weeks, but many months will elapse before everybody's lights come back on."
Gasoline Supplies Tighten, Prices Rise
Gasoline Supplies Tighten, Prices Rise: "Gasoline Supplies Tighten, Prices Rise
By BRAD FOSS, AP Business Writer
Thursday, September 1, 2005
(09-01) 08:55 PDT , (AP) --
Gasoline supplies tightened Thursday in markets that depend on shipments from Gulf Coast refiners and pipelines, and motorists increasingly faced pump prices well in excess of $3 a gallon.
Industry officials said a small-but-growing number of independent gasoline retailers in the Southeast and Midwest may simply turn off their pumps in the days ahead, either because of shortages or because wholesale prices climbed so high so quickly that they cannot compete without selling fuel at a loss."
By BRAD FOSS, AP Business Writer
Thursday, September 1, 2005
(09-01) 08:55 PDT , (AP) --
Gasoline supplies tightened Thursday in markets that depend on shipments from Gulf Coast refiners and pipelines, and motorists increasingly faced pump prices well in excess of $3 a gallon.
Industry officials said a small-but-growing number of independent gasoline retailers in the Southeast and Midwest may simply turn off their pumps in the days ahead, either because of shortages or because wholesale prices climbed so high so quickly that they cannot compete without selling fuel at a loss."
Stock Market News and Investment Information | Reuters.com
Stock Market News and Investment Information | Reuters.com: "UPDATE 4-New Orleans evacuation slows as shooting, chaos erupt
Thu Sep 1, 2005 11:26 AM ET
By Jason Reed
NEW ORLEANS, Sept 1 (Reuters) - Chaos and lawlessness hampered the evacuation of New Orleans on Thursday and a U.S. senator said thousands may have died in Louisiana after Hurricane Katrina devastated the U.S. Gulf Coast.
In New Orleans, shell-shocked officials tried to regain control of the historic jazz city reduced to a swampy ruin by Monday's storm. Bodies floated in the flooded city and authorities still could only guess how many people had died."
Thu Sep 1, 2005 11:26 AM ET
By Jason Reed
NEW ORLEANS, Sept 1 (Reuters) - Chaos and lawlessness hampered the evacuation of New Orleans on Thursday and a U.S. senator said thousands may have died in Louisiana after Hurricane Katrina devastated the U.S. Gulf Coast.
In New Orleans, shell-shocked officials tried to regain control of the historic jazz city reduced to a swampy ruin by Monday's storm. Bodies floated in the flooded city and authorities still could only guess how many people had died."
Wednesday, August 31, 2005
THE BELOW LINK TAKES YOU USA TODAY'S PICTURE COVERAGE OF THE FLOOD
If you experience flashing while it is loading just click on pictures on its menu bar and everything will then work. Use all the features on the menu bar and turn up your speakers... Audio, video, annimations..etc.
63 pictures not seen on TV.
PICTURES CLICK HERE
If you experience flashing while it is loading just click on pictures on its menu bar and everything will then work. Use all the features on the menu bar and turn up your speakers... Audio, video, annimations..etc.
63 pictures not seen on TV.
Tuesday, August 30, 2005
Law would better fat
Law would better fate of mobile home owners
sent via email from Wayne Hill
By Peter Ferrissent via email from Wayne Hill
Published: Monday, August 29, 2005
In the 18th century, the English cleared peasants from the highlands of Scotland. Those affected felt emotional distress from the collapse of their communities, increased poverty and homelessness. For the power elites: large estates, increased earnings and population control.
We witness the same phenomenon today as developers clear out the most vulnerable in our society - the aged, the poor, the disabled - from mobile home parks. This, of course, comes with the consent of the park owners, who find it irresistible to cash in on the millions offered.
Last spring, rumors were flying about the possible closure of the mobile home park where I used to live. Briarwood, with 250 spaces in west Eugene, was built in 1976. After a California corporation purchased it in the early 1990s, it became a senior park.
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The managers of the park can be best described as doing the bare minimum. I was an assistant manager for the weekends, and got to know their style well. They low-ball their on-site employees Wal-Mart style, generally ignore maintenance and stonewall tenants when contentious issues come up.
A few of us speculated that land-hungry developers had begun to court the owner. Since deferred maintenance had become a liability in the 30-year-old park, we reasoned he might want to sell all or part of it. We felt it was no coincidence that homes starting at $200,000 were being built on two adjacent parcels of land. When called by one of the park residents, the son of the owner adamantly denied the rumors.
Under state law, owners enjoy quite a bit of flexibility when closing or converting a park. Their only significant obligation involves a six-month notice, which requires them to reimburse tenants up to $3,500 for moving their homes, a figure that has been on the books since 1987.
Owners could, however, easily avoid such payment by giving a year's notice, which would require tenants to pay the full cost. (Relocating a mobile home can run from $7,000 to $15,000.)
During the past legislative session, as the Oregon real estate market heated up, a statewide coalition tried to come to some agreement about revisiting these statutes. However, the effort reportedly failed because of a small group of owners who insisted they wanted no changes - not surprising, since the law clearly favors them.
But late this spring, the residents of Thunderbird Mobile Club in Wilsonville and Willamette Cove in West Linn began calling lawmakers to protest. When the tenants of Willamette Cove offered their owner $5.2 million to purchase the park, Sequoia Custom Homes of Clackamas upped the ante to $9.8 million.
Then things got really hot. Residents of both parks began picketing the potential buyer. A confab of legislators, city councilors and aides to the governor and U.S. Rep. Darlene Hooley met with the seniors to sympathize, but said that little could be done to prevent the sale of private property. One senior complained that the elderly had become expendable in "our throw-away society."
Enter Rep. Jerry Krummel of Wilsonville, a former mobile home resident. He drafted House Bill 2389, which offers incentives to owners to sell to tenant associations, nonprofit groups or community development corporations.
In addition, it grants tenants who meet federal poverty guidelines (approximately $18,000 per household) up to $10,000 in refundable tax credits, to be applied against moving costs. Those with incomes of more than $18,000 and less than $60,000 would get a nonrefundable tax credit.
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Another provision prohibits municipalities from restricting the number of older mobile homes in newer parks (although owners still may). The bill also creates a statewide database of vacancies, to be maintained by the Housing and Community Services Department.
Under HB 2389, owners gain a waiver of the state capital gains tax when they sell to the "right" groups. It's debatable, however, whether it will encourage the transfer of property rights to tenants, especially if owners get the kind of offers as the one in West Linn did. In addition, many of those eligible for the refundable tax credit might not be able to secure a loan before getting reimbursed by the state. The bill, which becomes law in January if signed by the governor, is estimated to cost the state $250,000 in tax revenue for the 2005-07 budget period.
In the end, perhaps the real strength of mobile home tenants will be their willingness to organize and speak out. The developer of the West Linn park rescinded the purchase offer, and rumor was that bad publicity was the reason. And maybe it might dawn on some developers that building affordable housing is part of their responsibility as good citizens.
But until then, perhaps maintaining affordable housing should trump the rights of private property, Measure 37 notwithstanding.
Peter Ferris (bumpy73@yahoo.com) is a writer and tradesman who now lives in Waldport.
COMMENTS and FIREFOX
RT
Cache.... FireFox saves memory in a cache. When the cache is full it stops showing the count on the comments that have been written. You may see the number zero where the comments are but there could be a great number of them.
What needs to be done is for you to periodicaly clear the cache. Here is the step by step (this won't harm your computer).
RT
Cache.... FireFox saves memory in a cache. When the cache is full it stops showing the count on the comments that have been written. You may see the number zero where the comments are but there could be a great number of them.
What needs to be done is for you to periodicaly clear the cache. Here is the step by step (this won't harm your computer).
- On the top menu bar click TOOLS.
- Click OPTIONS.
- A window appears..
- In the left column click PRIVACY (icon of a lock).
- On the right is the menu for Privacy and a list of options.. Click CACHE.
- In the now hi-lited box.. Click CLEAR.
- Last step... Click "OK" at the bottom of the menu.
- THAT'S IT!
USATODAY.com - Humanoid robot to go on sale in Japan
USATODAY.com - Humanoid robot to go on sale in Japan: "Humanoid robot to go on sale in Japan
TOKYO (AP) — A 3-foot-tall humanoid robot that can recognize about 10,000 words and work as a house sitter will go on sale in Japan in September, its manufacturer said Monday.
Wakamaru can recognize about 10,000 words and work as house sitter. It will go on sale in Japan in September.
By Katsumi Kasahara, AP file
The 'Wakamaru' robot can recognize the faces of up to 10 people and talk to them. When linked to cell phones, it can also monitor situations at home, such as a burglary or someone falling ill, according to Mitsubishi-Heavy Industries Ltd."
TOKYO (AP) — A 3-foot-tall humanoid robot that can recognize about 10,000 words and work as a house sitter will go on sale in Japan in September, its manufacturer said Monday.
Wakamaru can recognize about 10,000 words and work as house sitter. It will go on sale in Japan in September.
By Katsumi Kasahara, AP file
The 'Wakamaru' robot can recognize the faces of up to 10 people and talk to them. When linked to cell phones, it can also monitor situations at home, such as a burglary or someone falling ill, according to Mitsubishi-Heavy Industries Ltd."
USATODAY.com - Online dating shows some gray
USATODAY.com - Online dating shows some gray: "Online dating shows some gray
By John Johnston, The Cincinnati Enquirer
Marge Roberts looks forward to dinner and flowers every Tuesday from the fellow she affectionately refers to as Yahoo! Boy.
Marge Roberts, 57, met Dennis Barton, 62, online at Yahoo! Personals and the two have been dating for nearly a year.
By Tony Jones, Cincinnati Enquirer via GNS
'And I open the car door for her, too,' says Dennis Barton, sitting in her condominium.
He's 63 and retired. She's 58 and a technical writer."
By John Johnston, The Cincinnati Enquirer
Marge Roberts looks forward to dinner and flowers every Tuesday from the fellow she affectionately refers to as Yahoo! Boy.
Marge Roberts, 57, met Dennis Barton, 62, online at Yahoo! Personals and the two have been dating for nearly a year.
By Tony Jones, Cincinnati Enquirer via GNS
'And I open the car door for her, too,' says Dennis Barton, sitting in her condominium.
He's 63 and retired. She's 58 and a technical writer."
USATODAY.com - Bush boosts drug benefit for seniors
USATODAY.com - Bush boosts drug benefit for seniors: "Bush boosts drug benefit for seniors
By Richard Benedetto, USA TODAY
RANCHO CUCAMONGA, Calif. — President Bush flew to Arizona and California on Monday to urge wary seniors to take advantage of the new Medicare prescription-drug benefit that takes effect next year."
By Richard Benedetto, USA TODAY
RANCHO CUCAMONGA, Calif. — President Bush flew to Arizona and California on Monday to urge wary seniors to take advantage of the new Medicare prescription-drug benefit that takes effect next year."
Web Edition - NewsGator Online
Web Edition - NewsGator Online: "Fran Lebowitz
'My favorite animal is steak.'"
'My favorite animal is steak.'"
Monday, August 29, 2005
National Public Radio.. This I beleive
This i Beleive...
Here is a link to a great website from National Public Radio. The site gives essays from average and normal, everyday folks about life as they see it. We think you may like to bookmark it and return often when your spirit needs to be nourished...
NPR
Here is a link to a great website from National Public Radio. The site gives essays from average and normal, everyday folks about life as they see it. We think you may like to bookmark it and return often when your spirit needs to be nourished...
NPR
USATODAY.com - Asteroid's path could put Earth in its sights
USATODAY.com - Asteroid's path could put Earth in its sights: "Asteroid's path could put Earth in its sights
By Dan Vergano, USA TODAY
Astronomers are debating what to do about Earth's close encounter with an asteroid in 2029 and again in 2036 — passages that might be too close for comfort."
By Dan Vergano, USA TODAY
Astronomers are debating what to do about Earth's close encounter with an asteroid in 2029 and again in 2036 — passages that might be too close for comfort."
USATODAY.com - 8 years in a Louisiana jail, but he never went to trial
USATODAY.com - 8 years in a Louisiana jail, but he never went to trial: "8 years in a Louisiana jail, but he never went to trial
By Laura Parker, USA TODAY
When he was charged with murder in 1996, James Thomas, an impoverished day laborer in Baton Rouge, became like many other criminal defendants: With no money to hire a lawyer, he had to rely on the government to provide him with one.
He then spent the next 8½ years in jail, waiting for his case to go to trial. It never did."
By Laura Parker, USA TODAY
When he was charged with murder in 1996, James Thomas, an impoverished day laborer in Baton Rouge, became like many other criminal defendants: With no money to hire a lawyer, he had to rely on the government to provide him with one.
He then spent the next 8½ years in jail, waiting for his case to go to trial. It never did."
Sunday, August 28, 2005
Micheal Yon war correspondent
Micheal Yon
We have been reading the web log (BLOG) of Micheal Yon an imbeded reporter in Iraq. The perspective he delivers on the war is from the young warriors doing the fighting. He goes on the missions with the troops and writes about what he sees and he takes his own videos and still pictures.
He gives a completely detailed and different story than you are used to seeing on the nightly news. As far as I can see he is spin free and just reports what is going on.
We first saw one of his posts this week and since have gone back to read his previously archived dispatches. This is a highly recommended read. Want to see what and IED (explosive device) going off as you are driving on patrol looks like? He has video and audio of it as it is happening while he was on patrol with a group of soldiers he calls the Deuce 4.
Want to see what the real Iraqi attitude is?
Learn who the terrorists are and why and how they operate from a man on the ground... This you haven't seen on the news...
We are very impressed with this writer and have put a new link to his blog on the left side of the page. We hope you will give him a read soon.
Cindy Sheehan's protest
Cindy Sheehan's protest: "More | Subscribe | 14-Day Archives (Free) | Long-Term Archives (Paid)
Cindy Sheehan's protest
A pertinent question emerges from the rhetoric, the politics and the stylized ideological circus in Crawford, Texas
Sunday, August 28, 2005
Cindy Sheehan, the now-famous anti-war protester, says she just wants to know why her soldier son had to die in the war in Iraq.
Partly because of the means by which she asks the question -- a highly publicized, highly politicized and highly stylized protest outside the President's Crawford, Texas, ranch -- no useful answer is likely to be forthcoming. In talk-radio America, it may be that Sheehan could not raise the question in any better forum than the one she chose. Or it may simply be that something so emotional cannot ever come up in public without the biliousness that has characterized the discussion so far."
Cindy Sheehan's protest
A pertinent question emerges from the rhetoric, the politics and the stylized ideological circus in Crawford, Texas
Sunday, August 28, 2005
Cindy Sheehan, the now-famous anti-war protester, says she just wants to know why her soldier son had to die in the war in Iraq.
Partly because of the means by which she asks the question -- a highly publicized, highly politicized and highly stylized protest outside the President's Crawford, Texas, ranch -- no useful answer is likely to be forthcoming. In talk-radio America, it may be that Sheehan could not raise the question in any better forum than the one she chose. Or it may simply be that something so emotional cannot ever come up in public without the biliousness that has characterized the discussion so far."
A. H. Weiler Quotes - The Quotations Page
A. H. Weiler Quotes - The Quotations Page: "Nothing is impossible for the man who doesn't have to do it himself.
A. H. Weiler"
A. H. Weiler"
Daniel Webster Quotes - The Quotations Page
Daniel Webster Quotes - The Quotations Page: "The world is governed more by appearances than realities, so that it is fully as necessary to seem to know something as to know it.
Daniel Webster"
Daniel Webster"
Daniel Webster Quotes - The Quotations Page
Daniel Webster Quotes - The Quotations Page: "A strong conviction that something must be done is the parent of many bad measures.
Daniel Webster"
Daniel Webster"
Xinhua - English
Xinhua - English: "Greenspan says US housing market will eventually cool down
www.chinaview.cn 2005-08-28 06:04:47
WASHINGTON, Aug. 27 (Xinhuanet) -- US Federal Reserve (Fed) Chairman Alan Greenspan said on Saturday that the red-hot housing market will eventually cool down, making some Americans feel less wealthy.
Speaking at the end of a two-day economic conference in JacksonHole, Wyoming, he said that the US housing boom 'will inevitably simmer down.' 'As part of that process, house turnover will decline from currently historic levels, while home price increaseswill slow and prices could even decrease,' he said.
As a consequence, people taking cash out of the"
www.chinaview.cn 2005-08-28 06:04:47
WASHINGTON, Aug. 27 (Xinhuanet) -- US Federal Reserve (Fed) Chairman Alan Greenspan said on Saturday that the red-hot housing market will eventually cool down, making some Americans feel less wealthy.
Speaking at the end of a two-day economic conference in JacksonHole, Wyoming, he said that the US housing boom 'will inevitably simmer down.' 'As part of that process, house turnover will decline from currently historic levels, while home price increaseswill slow and prices could even decrease,' he said.
As a consequence, people taking cash out of the"
Google News
Google News: "
Top Stories
Malaysia Star
New Orleans Ordered to Evacuate as Katrina Approaches (Update1)
Bloomberg - 37 minutes ago
Aug. 28 (Bloomberg) -- New Orleans residents were ordered to evacuate the city today as Hurricane Katrina, one of the most powerful and potentially deadly storms ever to threaten the US Gulf Coast, approached land with its 160 mph winds. ... "
Top Stories
Malaysia Star
New Orleans Ordered to Evacuate as Katrina Approaches (Update1)
Bloomberg - 37 minutes ago
Aug. 28 (Bloomberg) -- New Orleans residents were ordered to evacuate the city today as Hurricane Katrina, one of the most powerful and potentially deadly storms ever to threaten the US Gulf Coast, approached land with its 160 mph winds. ... "
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