Defending the Judeo-Christian Heritage, limited government, and the American Constitution
Thursday July 30th 2015

lincoln family bible study
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S.E.M., Vol. 1, No. 7
Federalist 69 - by Alexander Hamilton. 1. What are the chief characters in regards to the President as outlined in the proposed Constitution? 2. Why does Hamilton believe the term of office for a President should be longer than three years? 3. What was the term of office for the king of England and what, in your opinion, is the potential for abuse in such a term? Would the term of office of the king of England present any advantages - in the Founders experience and in your opinion - over over the new American system? Read all of the questions and post your response at our new resource Self-Educated Man

Noted Economist: Housing Rebound Could Take a Generation

Yale Economist Robert Shiller -- (Photo credit: World Economic Forum, CCASA 2.0)

ECONOMY, NEWSROOM AMERICA STAFF

Yale economics professor Robert Shiller says the housing market is likely to remain weak and could take as much as a generation to recover.

Shiller, the co-founder of the Standard & Poor’s/Case-Shiller home price index, told Reuters Insider that a combination of high gas prices, a weak labor market and a general unease among consumers was trumping low mortgage rates and would likely keep prices depressed for the foreseeable future.

“I worry that we might not see a really major turnaround in our lifetimes,” Shiller said.

The S&P/Case-Shiller composite index of 20 metropolitan areas rose 0.2 percent – the first increase in prices in 10 months – in February, on a seasonably adjusted basis, Reuters reported.

But Shiller cautioned that in nine of the 20 cities prices were flat or fell for the month.

He said suburban areas could fall even further as high gas prices caused more Americans to move to “walkable cities.”

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