The map above provided by Richard Florida in The Atlantic gives a sense of how the housing bubble developed in the United States in the 2000s. This was in 2006, at the height of the boom. Note some of the incredible ratios of house prices to average wage on the West Coast – six regions in California reached as high as 15:1+ (Salinas, Santa Cruz, Santa Barbara, Oxnard-Thousand Oaks, Napa, and San Luis Obispo). Los Angeles and San Francisco were
Very interesting post by John Quiggan on the rise of the ‘netroots’ movement of online liberal Democratic activists in the US, and why there is no Australian equivalent. I should say that I think he is wrong to say that the antipathy to bloggers from mainstream journalists is less in the US than in Australia.
Political blogging came into its own after September 11. In the past few years it has experienced phenomenal growth, including in Australia. John Quiggin tracks its
Now let there be no doubt. The Republican nominee, John McCain, has worn the uniform of our country with bravery and distinction, and for that we owe him our gratitude and respect. And next week, we’ll also hear about those occasions when he’s broken with his party as evidence that he can deliver the change that we need.
But the record’s clear: John McCain has voted with George