Will Marshall
Will Marshall
Will Marshall is one of the founders of the New Democrat movement, which aims to steer the US Democratic Party toward a more conservative orientation. Since its founding in 1989, he has been president of the Progressive Policy Institute, a think tank affiliated with the Democratic Leadership Council...
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(A)s the opposition party, ... Democrats have a responsibility to hold the White House accountable for the painfully high price we've paid in Iraq, the thousands killed and wounded, and the billions of dollars spent. But they must do so in a way that makes it clear they are rooting for America to succeed in Iraq.
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Sales are strong, but not at a peak, and price increases are slowing down, especially in the markets that took off first back in 1998 and 1999.
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We think it's very cheap. The regional banks are selling at half of the S&P multiple; this is a very attractive time to be committing money to financial service companies, and as investors come to the view that the Fed is nearly through raising interest rates, you'll see a resurgence in the prices of bank stocks.
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March numbers are pretty good at predicting upcoming activity. We figure that sales will be good but not spectacular on into the summer and that price increases will stay below 10 percent. We'll probably have a couple of months with new price peaks, but those new records will be reached at a slower rate of appreciation.
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Trading is rather quiet this week because of Columbus Day and the Jewish holidays. You often see big swings in prices when the volume is low. Also, gasoline is close to $1.80, which is probably a little overboard in spite of the fall in demand.
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When gas prices go up 5 cents a gallon, that's maybe an extra $10 a week out of consumers' pockets. But when they're going up 15 cents and more, it means $20 extra a week.
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Oil prices have consolidated in the upper $60s. There's a balance between the supportive geopolitical concerns respecting Nigeria and Iran, verses the bearish influence of excess crude supplies and warm U.S. winter weather.
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Demand still seems to be there, but the sense of urgency seems to be a thing of the past. We don't expect the market to tumble, but we do expect price increases to level off between now and spring.
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I think what the governor has done with the $208 million in price increases is a very important first step. It pays for about a 4 percent inflation rate. It helps us not to lose more money.
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I think the Adidas-Reebok deal is more product and marketing driven than it is price driven.
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Higher borrowing costs and rising prices have made home purchasing less affordable for many buyers and caused speculators to pull back.
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It would be a grave mistake for the Republicans to assume they can replay the boll weevil strategy of the early 1980s, ... George W. Bush is not Ronald Reagan. He would not come in with a strong tail wind of public support behind him, and he would not have a working majority in Congress.
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who have set an example for responsible, progressive patriotism.
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The Gore campaign clearly wants to start setting the terms of the policy debate after several weeks of unflattering stories of disarray within the campaign,