The Bush Team, Polls, and America’s Economy

April 14, 2008

The incredible shrinking city

Youngstown, Ohio, has long been on the decline and now is being hit by the foreclosure crisis. Its answer: Razing abandoned buildings and tearing up streets.

By Les Christie, CNNMoney.com staff writer

YOUNGSTOWN, Ohio (CNNMoney.com) — Youngstown, Ohio, has seen its population shrink by more than half over the past 40 years, leaving behind huge swaths of empty homes, streets and neighborhoods.

Now, in a radical move, the city – which has suffered since the steel industry left town and jobs dried up – is bulldozing abandoned buildings, tearing up blighted streets and converting entire blocks into open green spaces. More than 1,000 structures have been demolished so far…

http://money.cnn.com/2008/04/08/real_estate/radical_city_plan/index.htm?cnn=yes

April 14 2008

Fourth-largest US bank resorts to emergency fundraising

America’s fourth-largest bank, Wachovia, is raising $7bn (£3.52bn) through emergency fundraising as the subprime mortgage crisis in the US continues to reverberate through the banking sector.

Wachovia is raising the funds through public offerings of common and convertible preference stock after incurring a surprise $350m loss in the first quarter of 2008 compared with $2.3bn in profit a year earlier…

http://www.guardian.co.uk/business/2008/apr/14/creditcrunch.useconomy

April 14, 2008

US Economy Changes Spending Patterns For Majority, But Not For The Super Rich

Everyone from Alan Greenspan to Billionaire George Soros and less endowed politicians like Barack Obama and Hillary Clinton are uttering the “R” word these days…

http://www.huffingtonpost.com/2008/04/14/us-economy-changes-spendi_n_96515.html

April 9, 2008

Americans’ pessimism over housing crisis seen growing

WASHINGTON – A growing majority say they won’t buy a home anytime soon, the latest sign of increasing pessimism about the nation’s housing crisis, a poll showed Monday.

In a vivid sketch of how the sputtering real estate market is causing distress throughout the country, the Associated Press-AOL Money & Finance poll found that more than a quarter of homeowners worry their home will lose value over the next two years…

http://www.msnbc.msn.com/id/24106617/

March 10, 2008

US ‘to modernise Polish military

The US has agreed to help modernise Poland’s military as part of a deal to base 10 missile defence interceptors on Polish soil.

President George W Bush made the promise during talks with Polish Prime Minister Donald Tusk in Washington…

http://news.bbc.co.uk/2/hi/europe/7287843.stm

March 8, 2008

Bush insists US not in recession

US President George W Bush has insisted the US is not in recession but says that he remains concerned about the economy’s performance…

http://news.bbc.co.uk/2/hi/business/7283512.stm

January 4, 2008

Bush – Economy On Solid Foundation

Today President George Bush addressed the economic situation of America. He said the economy was on a solid foundation, jobs are good, and that the economy was strong and vibrant in 2007…

http://acnn.wordpress.com/2008/01/04/bush-economy-on-solid-foundation/