Obamas New Stand on Housing

Previously the Obama administration announced efforts to stop home foreclosures--today they believe the reciprocal. "Last week the head of the Treasury Department's Homeownership Preservation Office, told a congressional panel that 'an important part of ensuring longer-term stability in the market is to enable properties to be resold to families who can afford to purchase them.'" This obviously makes sense. Obamas initial plan to reduce distressed borrowers monthly payments by 31% percent only acted as a band aide. To sustain long term success the market essential has to start over again. By allowing more foreclosures home owners will be able to purchase homes at a fair market value.


Obama Housing

America Running Out of Water

Ten cities in the United States are running out of water. This could possible be a significant problem for these cities financial infrastructure. A number of industries rely on regular access of water therefore some people would be out of work if poor prospects were to continue. Another important trouble to consider is "that cities have sold bongs based on their needs for infrastructure to move, clean and supply water." Essential this means that credit agencies have not taken this potential draught into consideration and the equity of their companies can decrease. With Los Angeles topping the list of major cities effected by this potential draught and the United States coming out of the current financial recession something must be done to sustain our economic growth.

http://finance.yahoo.com/real-estate/article/111186/the-ten-biggest-american-cities-that-are-running-out-of-water

Alcohol--Worst Drug in the World

A recent study has claimed that alcohol is the most harmful drug in the world. Based off the criteria in the survey, alcohol is three times as bad compared to tobacco and cocaine. Heroin, speed and ecstasy also fell second to alcohol. History has shown that big business can escape the demands seth forth by the government. For example direct government and tax expenditures have had little effect on the tobacco indusrty. Each year federal and state governments raise taxes on cigarettes--yet people still purchase these products and fall ill to them. In regards to the addictive nature of alcohol and governments past effort to stop its distribution (prohibition), is it possible for the world to eliminate its most harmful drug?

http://www.cnn.com/2010/HEALTH/11/01/alcohol.harm/index.html