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| With just ninety days left in the election it's come down to this: our energy policy and a good deal of this presidential campaign are being discussed through the lens of Paris Hilton. What a big goof it all is! If you just ignore all the soldiers and civilians dying in the Mideast, and all the millions losing their homes and their jobs at home, you could really see the lighter side of it all. Of course, it's not exactly a surprise that the Republican election machine would resort to trying to make the entire election into an issueless sideshow. I mean, what else do they have? |
| Urban media company Radio One yesterday reported a second-quarter loss of $11.7 million as it contends with an industry-wide decline in radio advertising revenue and expands its Internet efforts. The company said average ad prices were down 5 percent as budget-conscious companies have tightened up and shifted spending to the Web. |
| Proponents of Puerto Rican statehood, independence and commonwealth disagree on the island's political future, but they all seem to agree to remain silent on how the issue of race affects Puerto Rico's political status. The political parties have diminished the issue of racism and White Supremacy, by labeling it an "American problem," that has no political relevance to Puerto Rico's racial democracy. Most of the island's population is viewed as non-white by the Washington policy makers. However, Puerto Rico’s political leadership in contrast is mostly "White" or Creoles of European descent, educated at the elite schools of the United States, differing little from the elites of other Latin America’s nations. |
| The collapse of the housing bubble is likely to eliminate most, if not all, of the gains that families had made in accumulating wealth over the last two decades, according to a new study from the Center for Economic Policy & Research in Washington, DC. If housing prices fall another 10%, as they seem likely to do, the study estimates that families will have a net worth anywhere from 56% to 67% less than they had in 2004. That corresponds to an average decline of $41,000 in median wealth and show, according to the authors, that homeownership is not always an effective way to generate and accumulate wealth. |
| Today marks seven years since the day President Bush received a President’s Daily Brief entitled “Bin Laden Determined to Strike in U.S.” At the time, Bush was vacationing at his ranch in Crawford, TX and stayed on vacation the rest of August 2001. Here’s how the administration reacted, according to the 9/11 Commission report: "President Bush" did not recall discussing the August 6 report with the Attorney General or whether Rice had done so. |
| The nation’s employers eliminated 51,000 jobs in July, the seventh consecutive contraction in the labor market, as the unemployment rate reached a four-year high, signs that the pressure on business owners and consumers is likely to continue. Still, the decline in the job market has softened since the spring. The number of layoffs was less than the 75,000 that economists had expected, and the government said that businesses cut fewer jobs in June and May than previously reported. |
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