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Full Version: Home Sales Plunge and Infrastructure Costs Soar
Common Ground Common Sense > Issues that Affect Our Lives > Job Market, Fiscal, and Economic Policies > Job Market, Fiscal, & Economic Issues Archive
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Home Sales Plunge The New York Times — Sales of new homes fell last year by 26 percent, the steepest drop since records began in 1963, according to the Commerce Department. Last week, the National Association of Realtors reported that sales of previously owned single-family homes, a large portion of the overall housing market, suffered their biggest annual drop in 25 years. Infrastructure Costs Soar The New York Times — State and local governments are struggling to pay for roads, bridges and other infrastructure projects because of rising construction costs, adding another burden to budgets already stressed by the troubled housing market.
Snuffysmith
ADAM DOSTER
Killer Credit
In These Times — Without adequate regulation, the credit card industry has used deceptive techniques to hoodwink consumers and accumulate more than $30 billion in annual profits. If Congress doesn't step in, America’s affection for credit may widen the existing crisis.
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SCOTT THILL
Taking Down Fannie Mae?
Alternet — The government-backed lender is embroiled in a murky battle. And there are those who believe Fannie and Freddie's weakened state and powers have been influenced by the Bush administration.
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PAUL RIECKHOFF
A New G.I. Bill
The Huffington Post — As Washington wrangles over how best to stimulate our sluggish economy, our leaders have largely overlooked a proven strategy for growth that promises more than immediate relief: a new GI Bill.
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