Headline: Home Prices Are Lowest Since 2002
National home prices fell 4% in the fourth quarter of 2011, putting them back at levels last seen in mid-2002. That's the fifth consecutive annual loss and the biggest decline since 2008, when markets were in free fall and prices plummeted more than 18%.
Headline: Flights by U.S. airlines hit 10-year low
U.S. airlines in 2011 operated the fewest number of flights since the hijack attacks on New York and Washington depressed air travel and accelerated the industry's worst-ever financial downturn, government figures on Tuesday showed.
Headline: U.S. Bank Profits Rise but Revenue Falls
U.S. banks reported growing profits in the fourth quarter but also saw falling revenue, casting a shadow over the industry's gradual recovery, a bank regulator said.
Anyone? Professor Galbraith?
Tuesday, February 28, 2012
Headline: Home Prices Are Lowest Since 2002
Wednesday, February 22, 2012
Posted by Don Zimmerman at 12:49 PM
Tuesday, February 21, 2012
My wife and I enjoyed going to the downtown McCormick & Schmick's for our anniversary, Valentines Day or other special occasions. It was fun going downtown and the food was great. We loved the hustle and bustle of our great capitol. From 2004 to 2011, our time in Austin, we went there many times.
We just learned though that M&S downtown, at the corner of 4th and Congress has closed. Sad day.
Even sadder though is the fact that M&S isn't alone. Walk down Congress and notice what I noticed last week, that store after store has gone out of business and empty store fronts are now more numerous than operating businesses. I can't name them because I am not the frequent shopper or downtown walker now, but at one time I was, when I worked downtown on fourth and Congress, across from M&S. When I'd walk to meetings I always noticed the stores because I love the buildings up and down Congress, and I liked the businesses that fit their stores to the neat architectural diversity on the main street of our state Capitol.
I don't work downtown anymore and only infrequently get down there for various business meetings. But last week I had the chance to walk from the Starbucks on 6th and Congress to 823 Congress. I just happened to be looking around and started to notice the empty storefronts and I mentioned something to one of colleagues. They hadn't really noticed it, but they weren't at one time a downtown walker, like me.
My point is simply this. Something is going on, and it ain't good. Downtown -- on its main street of Congress just south of the Capitol is dying right now.
Wondering if any other Travis Monitor readers are seeing the same where they live or shop or walk? Please let us know. I sure hope this is an isolated situation. I fear that the Obama economy is slowly starting to hit the once prosperous, vibrant, downtown business corridor, as evidenced by the dearth of downtown store fronts. Say it ain't so.
Posted by Joe Gimenez at 10:09 PM
Wednesday, February 8, 2012
Kay Bailey Hutchinson Responds to Constituent Letter about Obama Assault on Religious Liberty of Catholics
Posted by Joe Gimenez at 9:54 AM
Monday, February 6, 2012
In her Saturday column (A Battle the President Can't Win) in the Wall Street Journal this weekend, Peggy Noonan put the President's attack on Catholic religious liberty in perspective this weekend:
The president signed off on a Health and Human Services ruling that says that under ObamaCare, Catholic institutions—including charities, hospitals and schools—will be required by law, for the first time ever, to provide and pay for insurance coverage that includes contraceptives, abortion-inducing drugs and sterilization procedures. If they do not, they will face ruinous fines in the millions of dollars. Or they can always go out of business.
In other words, the Catholic Church was told this week that its institutions can't be Catholic anymore.
I invite you to imagine the moment we are living in without the church's charities, hospitals and schools. And if you know anything about those organizations, you know it is a fantasy that they can afford millions in fines.
There was no reason to make this ruling—none. Except ideology.
The conscience clause, which keeps the church itself from having to bow to such decisions, has always been assumed to cover the church's institutions.And the Media Research Center has been following the mainstream news channels coverage of the Obama administration's suppression of Catholic religious liberties. Actually, it's not coverage. It's non-coverage. If you haven't been hearing about it, there's a reason. See:
Posted by Joe Gimenez at 11:02 AM