With 457 blunt-spoken words, John Murtha broke the spell that had held
the country captive to the misguided adventure in Iraq. It suddenly
became respectable to talk of a pullout. It was his finest moment: For
the first time, there is hope this war may end.
Home equity--for those lucky enough to own a house or condo--is a
primary source of economic security. But unsold inventory, rising
interest rates and record levels of mortgage defaults are making the
future look grim.
As the Senate opens hearings this week calling energy execs to
account for their windfall profits on gasoline and natural gas, the
question must be asked: Is this price-gouging or just good
Interest rates nosed higher today as the Federal Reserve Board
sought to control inflation. But the impact of runaway inflation is
already being felt by workers whose wages will stagnate and whose
earning power is on a steep decline.
The privatization of the nation's greatest, once-public colleges and
universities is well under way. The loss of low-cost higher education
is a quiet tragedy, one that will severely limit the potential of
generations of future students.