Canada avoided many of the mistakes that the U.S. made in its housing market. Banking regulations and lending standards have been much tighter, and that has prevented prices from getting completely out of control. However, top economists including Robert Shiller and David Rosenberg are increasingly sounding alarms that the Canadian housing market is the next bubble and its about to burst. Canadian home prices are up nearly 100 percent since 2000, according to Euro Pacific Capital.
Comments: Canadian home prices have risen too much too quickly. It's just not sustainable.
We at Townhall have been covering this hotly contested Senate race for months and the results are finally in: With 36 percent of precincts reporting, Elizabeth Warren has been declared the next junior Senator from Massachusetts. Warren has never held public office before and the eye-popping $40 million she raised this election cycle evidently proved more than enough to unseat incumbent Senator Scott Brown. This was the most expensive Senate race of 2012 -- by a long shot.
Former Gov. Angus King, running as an independent, won the Senate contest Tuesday in Maine, NBC News projected, taking a seat that had been held by the Republicans. The loss further complicated the party's drive to take control of the Senate (Snip) Republican Ted Cruz defeated Democrat Paul Sadler to hold the open seat in Texas, succeeding retiring Republican Kay Bailey Hutchison, NBC News projected. See results Democrats held small edges in two of the other states critical to the balance of power in the Senate: In Massachusetts, where Elizabeth Warren, a law professor at Harvard University, was leading Republican
CNN’s Peter Hamby reported that Mitt Romney‘s internal polling showed President Obama leading in Ohio by five percentage points.Per Hamby’s post: The number represented a sharp final bump for Obama in Ohio, a race that had essentially been a tied race through much of the previous week, according to the campaign’s daily tracking. The polling, which also showed a tight race in Pennsylvania, explains why Romney officials decided to send their candidate on last-minute Election Day visits to Cleveland and Pittsburgh.
The Obama and Romney campaigns may be gearing up for a very late night, with one Obama campaign adviser predicting that in Florida alone, "they'll be counting until 2 a.m." The Obama adviser said signs suggest the race is quite tight, though the campaign claimed to be "holding strong" in key battlegrounds like Ohio, Pennsylvania and Wisconsin. The adviser also said turnout among black voters in Virginia was better than expected, suggesting that could be a problem for Mitt Romney. Republican operatives in Virginia, though, predicted a razor-thin victory for their candidate in the state.
Washington - Early returns on Tuesday in what is anticipated to be a dead even presidential election contained no surprises, as CNN projected President Barack Obama will win his home state of Illinois and eight other races while Republican challenger Mitt Romney will win nine states. All races called so far went as expected after the roller-coaster ride of an election campaign that was buffeted by a superstorm and missteps on both sides. Obama and Romney ran dead even in final polls that hinted at a result rivaling some of the closest presidential elections in history, reflecting the deep political
A week after Hurricane Sandy slammed into the East Coast, a majority of voters said President Barack Obama’s response to the crisis wasn’t a factor in their vote, according to early exit polls. Fifty-five percent of those surveyed, per CBS News’ early exit polling released by radio station WKZO in Kalamazoo, Mich., said Obama’s handling of the storm was a minor factor in their vote or wasn’t a factor at all. Twenty-six percent named Sandy as an “important” factor, and 15 percent said it was the “most important” factor in their decision.
Mitt Romney is leading among independents in both Ohio and Virginia, early exit polls show. In Ohio, the former Massachusetts governor takes 56 percent of self-identified independents, compared with 40 percent for President Barack Obama. That’s a huge decrease for Obama from 2008, when the exit polls found him winning independents in Ohio by 12 points, 52 percent to 44 percent for John McCain. The numbers are similar but slightly tighter in Virginia: Romney takes 53 percent of independents there, according to ABC News exit polls, a 12-point lead over Obama. In 2008, Obama won independents in the state by
Mitt Romney and President Obama each racked up early and expected victories Tuesday night in relatively safe territory, while some of the biggest battlegrounds that will decide the election remained too close to call. All the big swing states where polls have closed -- Florida, New Hampshire, Pennsylvania, Ohio, Virginia and North Carolina -- were too close to call, Fox News projects. (Snip) Obama will also win three of Maine's four electoral votes, Fox News projects. It is unclear where the state's fourth electoral vote will fall. The latest batch of poll closings, and results, has allowed Obama to take
Mitt Romney was projected the winner in South Carolina on Tuesday night, taking home the state’s nine electoral votes. So far Tuesday the former Massachusetts governor has taken other reliably red states including Kentucky and West Virginia. Romney leads in the Electoral College with 24 electoral votes to President Obama’s three.
As expected, the presidential race is tight in Ohio, where the polls just closed: President Obama is winning women 55 percent to 44 percent in the early CBS News exit poll, while Mitt Romney is leading 52 percent to 46 percent among men. Women made up 51 percent of the electorate, compared to 49 percent among women. Thirty-nine percent of voters so far identified themselves as Democrats, compared to 30 percent calling themselves Republican. Thirty-one percent identified as independent or something else, and Romney has a big edge among this group - 56 percent to 40 percent for Mr. Obama.
As expected, Republican candidate for President, Mitt Romney, won West Virginia’s five electoral votes in Tuesday’s General Election over President Barack Obama. National media outlets called the race in West Virginia shortly after polls closed at 7:30 p.m. President Obama’s fate in West Virginia has never been in question, as he garnered just 60 percent of the democratic vote in the May primary. The other 40 percent of that vote went to Texas federal inmate Keith Judd, who was placed on the ballot in West Virginia. President Obama has been hugely unpopular in the Mountain State since he first ran
Early exit polls show Election Day voters are slightly more Republican than in 2008 and broadly concerned about the state of the U.S. economy. Six in 10 voters said the economy is their top issue according to the poll, which was released by The Associated Press and conducted on behalf of a consortium of media companies. Less than a quarter of voters said their families were better off than four years ago — a point seized on by many Republicans as the results leaked out.
Sen. John McCain (R-Ariz.) hinted that he might be serving his last term in office, admitting that he does not want to become “one of these old guys that should’ve shoved off.” McCain, a 27-year veteran of the Senate and former presidential candidate, made the admission while speaking about his relationship with President Obama. “The president and I, he´s in his last term, I´m probably in mine, the relationship we have had over the past three years is quite good,” McCain told The Wrap in an interview. “Quite good." The 77-year-old´s current term is up in 2016. When asked if this would really
Those skeptical of the degeneration of America’s royal line need look no further than Robert Kennedy Jr. His grandfather bedded Gloria Swanson. His father scored Marilyn Monroe. He mounts any rando who passes by. Like the Spanish Habsburgs or the Royal Tennenbaums, Camelot ain’t what it used to be. The diary of Robert Kennedy Jr., detailed in the New York Post this week, begins by announcing the pregnancy of his wife. By its conclusion, the 2001 journal references 37 women other than its author’s wife with whom he messed around that year. Slightly less than half of the women he physically
A perplexed Ed Schultz on Friday couldn´t fathom why Americans don´t simply "love Obama." the MSNBC anchor highlighted a new poll showing that the President only has a 45 percent approval rating. Schultz marveled, "I just cannot believe this number. Seriously." The confused host sputtered, "It amazes me that people don´t love Obama. It amazes me that the conservatives who are seeing the stock market go through the roof." [MP3 audio here. See video below.] Schultz also took time to trash Ronald Reagan, the man who won 49 states in his 1984 reelection bid. Schultz tried to convince his viewers
President Obama´s pitch for a military strike in Syria looked so politically clueless that he left supporters and foes alike scratching their heads: What was he thinking? For some, the answer was obvious. Because every conspiracy theory ever concocted about the President — from him being a secret Muslim agent sent from Kenya to take over the government to gay-sex-and-cocaine binges in the backseats of limousines — all make perfect sense if you simply accept the foundational supposition that Obama hates America. In a Wall Street Journal op-ed on Sunday, Norman Podhoretz argued that Syria showed the swift collapse of
Republican Rep. Tom Graves and 42 House cosponsors introduced a budget plan Thursday to defund Obamacare without forcing a government shutdown, placing pressure solely on the shoulders of Democratic Senate Majority Leader Harry Reid. Graves’ Security, Stability, and Fairness Resolution is a continuing resolution budget bill that offers a fiscal year 2014 budget that keeps the government open but does not fund Obamacare. The Obama administration has already delayed the law’s employer mandate until 2015, after the 2014 midterm elections. The “Defund Obamacare” campaign spearheaded by Republican Sen. Ted Cruz has repeatedly been accused of seeking a government shutdown if
A bill that would allow non-physicians to perform abortions in the first trimester of pregnancy is awaiting signature by Gov. Jerry Brown of California by Sep. 30. The bill, AB 154, passed both houses of the state legislature with strong support from Planned Parenthood and pro-choice groups. Planned Parenthood stands to benefit most directly from the bill, as non-physician staff at its clinics would be able to obtain abortion licenses. One doctor--who identified himself as pro-choice--told Breitbart News that "the bill is a disaster since it sends us back 100 years to the problems of the complications from
It was just a cockroach, one of millions around the world. But this one had a White House address, making it pretty special. Well, special at least to the reporters with workspace in the often-troubled basement of the press offices. Already this year, they have been treated to flooding, soaked carpet, mousetraps and the wondrous odors of mold. "It was the size of a small drone," said Martha Joynt Kumar, professor of political science at Towson University, who led the effort Wednesday to capture the bug. Kumar, who has worked out of the press offices studying the president-press relationship for
Al Qaeda terror network leader Ayman al-Zawahri sent out a message marking Sept. 11, 2001, with a call for more attacks on U.S. soil, aimed at hitting America hard in the pocketbook.The terror leader released an audio recording on Thursday, saying America’s hardly a “mythical power” and that Islamic holy warriors, or mujahedeen, can surely defeat the nation “on its own soil,” The Associated Press reported.
Sacramento - California Governor Jerry Brown said on Friday he would sign a bill authorizing the state to provide driver´s licenses to illegal immigrants, a last-minute reversal of his position. Brown said he approved of the measure, which its author had withdrawn on Thursday under the threat of a veto, capping a full day of lobbying by California politicians for immigration reform at the federal level. "This bill will enable millions of people to get to work safely and legally," Brown, a Democrat, said in an email sent to reporters shortly after midnight. "Hopefully it will send a message to
Monster shrimp, some up to the length of a man´s forearm, are invading U.S. waters. Asian tiger shrimp have spread from North Carolina to Texas along the U.S. coast, but no one seems to know how they ended up in the U.S. in the first place. They are originally natives to Indo-Pacific, Asian, and Australian waters. The shrimp may have escaped aquaculture facilities in the U.S. or Caribbean, or maybe even drifted in on ocean currents from the Caribbean or even as far away as west Africa. The shrimp first showed up in 1988, according to the National Oceanic and Atmospheric
President George W. Bush was mocked for saying he was the “decider.” But that is precisely what a president must be. Deciding is arguably the most important thing a president does, along with rallying others, whether in war or to support a domestic agenda, to an important national purpose. Presidents only make the hard calls, ones in which advisers are divided or uncertain. Everything else is handled a level or two below the president. If a candidate comes to office expecting a series of easy calls punctuated by a hard one now and then he’ll be disappointed — and overwhelmed. President
As her husband argues for and against war in the same speech on Syria, First Lady Michelle Obama has turned her healthy living initiative in a new direction -- toward drinking water. Not very sexy but it is very simple. She believes that if all Americans, especially children, drank a little more water every day, they would become healthier citizens, now and even at her advanced age of 49. Numerous companies like Brita, Dasani, Arrowhead, Deer Park, Ice Mountain, Zephyrhills, Ozarka and Poland Spring are joining in with logos and promotions to help out the water-drinking campaign for some reason.