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    Bush and Immigration

    November 28, 2005

    With most of his second term intiatives in shreds already President Bush is still trying to get immigration laws overhauled. His latest effort is reported in the New York Times here: Bush to Press Immigration Plan in Arizona. The problem we face is that we cannot live without immigration and the laws we have are […]

    Economics / consumption, home prices /

    House Price Gloom?

    November 28, 2005

    One of the most important aspects of recent economic growth has been the stimulus provided by soaring house prices. Their rapid rise over the last few years has enabled home owners to dip into equity to sustain consumption — I would argue ‘over-consumption’ with respect to wage growth, with the real problem being that wage […]

    Politics /

    Biden on the Iraq War

    November 27, 2005

    Joe Biden tells it the way it is: Time for An Iraq Timetable. The most significant point here is that the Iraq war has shown the world the limits of American military power. We simply cannot continue for much longer without a radical deterioration in the quality of our all volunteer army. Bush’s war has […]

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