Nimbyism is a particularly American reflection of the material value ascribed to real estate. The materialism is expressed through the more high-minded lens of property rights or the idealistic, if often opportunistic, lens of environmental stewardship.
Backgrounders
Obama’s Nobel Lecture: “Bend History”
In his Nobel peace prize lecture, Barack Obama evoked the notions of just wars to counter the irony of being “the Commander-in-Chief of the military of a nation in the midst of two wars.”
Initial Unemployment Claims Up 17,000
Weekly unemployment claims are up 17,000 from the previous week’s unrevised figure of 457,000. The 4-week moving average was 473,750, a decrease of 7,750 from the previous week.