I guess dropping out of the Presidential race is contagious. We started the day with "informed speculation" that Rudy Guiliani would drop out of the race after his third-place showing in the Florida primary. (Some of that speculation originated with Guiliani himself. He's often said Florida was his make or break primary.) & Then came the surprising news that John Edwards was ending his campaign today. Morning Edition had it covered with updated reports..
I've got to mention that as a native New Yorker, I just love some of the commentary we heard this morning from New York political analysts about Rudy Guiliani. How's this for pulling no punches- "During the month of January, not only was (Guiliani) under the radar, but he was six feet under." Thank you Professor Douglas Muzzio of Baruch College.
We keep looking for a silver lining in the story about falling home prices, but we don't seem to have found it yet. KPBS Reporter Andrew Phelps explained new data from the Center for Housing Policy. Even though the price of real estate keeps falling, most of us in San Diego can't afford to buy a home. You have to make about 150-thousand dollars a year to afford a median-priced home. Ouch! Just shows you how expensive it is to live here. Even when the bottom drops out of the market, it's still hard to break in.
Speaking of the market... we've included a Wall Street update at the end of our newscasts at 6:30, 7:30 and 8:30. We've got a feeling that more and more people are going to be interested in what's happening to stock prices as this year moves on. Fasten your seat belts...
