A brief (and by no means all-inclusive) list:
In the market ...
- The 10-year Treasury rate was 4.84% -- today it is 3.56%
- Subprime loans lost their popularity as investments -- for reasons other than default risk
- The conforming loan limit increased from $417,000 to $729,750
- $1.23 bought 1 Euro -- today $1.56 buys 1 Euro
- 12¢ bought 1 Chinese Yuan -- today 14¢ buys 1 Chinese Yuan
- 1 gal of regular gasoline cost $2.56 -- today 1 gal costs $3.20
Throughout the world ...
- Former Pakistan Prime Minister Bhutto was assassinated after her return to Pakistan
- 20 million toys from China were recalled due to safety concerns
- A list of "new sins" was released by the Catholic Church, including pollution and making "too much" money
In politics ...
- Bids for the upcoming presidential election have been the highlight of the news
- There is no "conservative" or "classical liberal" Presidential candidate
In taxes ...
- The "rich" still pay most of the taxes, while a single woman earning $46k with two children pays no federal income taxes and receives around $3k Earned Income Credit
- Still, no one claims the poor aren't paying their "fair share"
- Taxes on gasoline average $0.47/gallon ... not to mention all of the indirect taxes associated with its production ...
In the blogging community ...
Capital Freedom has returned ...
