News Flash!!!!

The headline of Harry Jaffe's column in today's Examiner is "Credit crisis could cripple D.C.’s development boom." Wow, what brilliant analysis. And with buildings that were constructed on spec still 100% vacant in both NoMA and the Capitol Riverfront district, maybe Jaffe's fear of not having enough space to sell is overwrought.
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I was thinking this morning about the headlines in yesterday's papers about the nationalization of major banks and "what does this mean for capitalism?" and about the saying "absolute power corrupts absolutely." When the "market" is more about benefiting high-fliers and making money than it is about production and real work, then it is the equivalent of a corrupted system. And government steps in with capital to keep the basic capitalist system functioning.

Underdog is here, but for the capitalist system...