Dec. 23 (Bloomberg) — Sales of single-family houses in the U.S. dropped in November by the most in two decades and resale prices collapsed at a pace reminiscent of the Great Depression, dashing speculation the market was close to a bottom.
Purchases of both new and existing houses dropped 7.6 percent from the prior month, the biggest decline since January 1989, to an annual rate of 4.43 million, government and industry figures showed today. A 13 percent drop in the median resale price from a year earlier was the most since records began in 1968 and was likely the largest since the 1930s, the National Association of Realtors said. Continue reading →
The larger and more complex a system, the more likely it is to break down. Something like a simple pendulum with few moving parts could last many years. But very large, complicated things like the Large Hadron Collider break down much more quickly.
America now has some 300 million people, 50 states, and more federal, state and local agencies than anyone can possibly list. It is hard to govern such a large, complex and populous system when anything goes seriously wrong.
The truth is, there is no Islamic army or terrorist group called Al Qaida. And any informed intelligence officer knows this. But there is a propaganda campaign to make the public believe in the presence of an identified entity representing the ‘devil’ only in order to drive the TV watcher to accept a unified international leadership for a war against terrorism. The country behind this propaganda is the US. Continue reading →
A New Year’s Message From IAC Founder Ramsey Clark
We are at a crucial historic juncture.
We cannot sit back and expect that change will just happen now. In order to make real change, people must be mobilized and organized. Otherwise, all of the hopes for a new direction can be quickly diverted. Continue reading →