How to end the housing slump right away
The current housing slump in the United States is not caused by a lack of demand, which far outstrips supply. It reflects (1)a credit crunch and (2)unaffordably high house prices. If those two problems are resolved, the demand-supply situation should quickly convert the slump to a boom. I suggest that we can achieve this by having state lotteries offer a new game with houses as prizes. This would avoid a painful crash in housing prices, sidestep the credit crunch (winners would get their houses without a mortgage), and make available a large number of houses at affordable prices because many of the lottery winners would sell rather than occupy their houses. Such a two-tier system could also make the housing market as liquid as the stock market.
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Despite incredible economic growth, it is not necessarily an investor's paradise.
- China's stock market is just 27 years old. It's economy has grown 30x over that time.
- Imagine if you had invested early and gotten in on the ground floor.
- Actually, you would have lost money. Here's how that's possible.
The controversy around the Torah codes gets a new life.
- Mathematicians claim to see a predictive pattern in the ancient Torah texts.
- The code is revealed by a method found with special computer software.
- Some events described by reading the code took place after the code was written.
- Facebook and Google began as companies with supposedly noble purposes.
- Creating a more connected world and indexing the world's information: what could be better than that?
- But pressure to return value to shareholders came at the expense of their own users.
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