In the years leading up to the election of Barack Obama, and in the weeks since his inauguration, African Americans have been accruing historical milestones with unprecedented frequency.
The mortgage crisis, for most of us, was the moment we realized the security of our housing system was in serious jeopardy. Since then, the failure of banks and the flood of layoffs have taken over the front page and our collective, anxious, psyche.
The housing market in the US is still in crisis. Now that the stimulus bill has passed, the federal government is again ready to find solutions.
This morning, NYU plays host to a meeting of the minds on the issue of housing. The conference, "A Crisis is a Terrible Thing to Waste," is a chance for housing wonks to talk shop, but it also provides a platform for HUD secretary Shaun Donovan to outline his initial approach to polishing HUD's reputation and making some qualitative changes in American housing.
Everyone knows that they're supposed to be adapting to a newly lean recession budget, but once you've nixed pedicures, Starbucks and the occasional taxi, you may start to feel a serious lack of luxury in your life. So, what are people still splurging on, even in the face of certain economic doom? Beer.