| Housing slump's impact not expected to be too severe here: Area's ...
The government never tries to avoid a recession, but they will try to make it short and shallow," Finucane said. "And they are moving very, very quickly. That will be good for the regional economy as well." It's a psychology of economics. Finucane explains the Paradox of Thrift: What's prudent for an individual to do in terms of saving might cause a problem at the national level if enough consumers reduce the flow of spending. "Expectations become very important," Finucane said. "Businesses, consumers and investors will base their decisions on what they think will happen in the future." Consumers worried about their jobs will be more cautious in their spending, he said. Businesses will second-guess what consumers will be buying. If consumer confidence declines, businesses are less likely to produce, then corporate profits drop.
Unmade in China
One said Guo could arrange meetings with the mayors of Beijing and Shanghai at short notice. Guo maintains his aim is to do good things for Australia. Guo's marketing strategy, according to Magerl, was straightforward: mention "the big potatoes" honorary board members such as Bronwyn Bishop and Laurie Ferguson and they'll come running. The first hint that something was not right came in March 2005, about a month after he started, when then Tasmanian federal MP Harry Quick arrived. As with other "delegations" led by Victorian MP Ken Smith and then federal MP Kelly Hoare, there actually were no delegates accompanying Quick, despite "an incredible amount of lobbying". AITA's 30 Chinese staff organised an impressive list of guests from about 150 government agencies, associations and non-government bodies to attend a reception for Quick.
New Hampshire Primary Coverage - Tuesday, January 8, 6:00 p.m. - 1:00 ...
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Stimulus brightens prospect for locals
Leaders of the House of Representatives and the White House agreed the size of loans that can be purchased by government-sponsored mortgage buyers Fannie Mae and Freddie Mac should be increased sharply for a year from the current cutoff of $417,000. The plan also would nearly double the size of loans insurable by the Federal Housing Administration to $729,750 from $367,000. The plan will likely provide the greatest aid in the states priciest markets, such as the Bay Area. Local analysts say San Luis Obispo County residents with homes in the $600,000 to $900,000 range and those looking to buy or refinance themcould see benefits, too. That bracket represents more than 500 houses now for sale in the county, said Matt Colonell, mortgage broker with Obispo Mortgage in San Luis Obispo, citing the San Luis Obispo Association of Realtors Multiple Listing Service.
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