- Mortgage Demand Near 3-Month Low (CNN.com)
- Iraq’s Potential to Still Affect the Economy (CSM): “When US troops rolled into Baghdad, the financial markets responded with a burst of optimism: a quick end to the war would be good for the economy. Now, the reconstruction process is beset with guerrilla attacks, costing US lives almost every day. Will the continued hostilities have any impact on the US economy?”
- GOP Frets about Impact of Iraq, Economy (AP): “For the first time since the Sept. 11, 2001, terrorist attacks, rank-and-file Republicans say they are worried about President Bush’s re-election chances based on the feeble economy, the rising death toll in Iraq and questions about his credibility.”
- Webvan is back! (USA Today): “In 1999 and 2000, it got gobs of mega-hype. The company built an automated distribution center so fantastic it looked like it was designed by Willy Wonka. By 2001, the online grocery burned through $1 billion in cash and lost 99% of its market value before gurgling out of sight forever. Pets.com might have been a sillier farce. Lots of companies were based on far stupider ideas. But no dot-com matched the sheer splendor of Webvan’s epochal flameout.... First, he wants to talk about his new company. It is small.”
- US Syria Raid Killed 80, but it was a mistake (UPI): “Depicted by the Pentagon as a mere border skirmish, the June 18 strike into Syria by U.S. military forces was, in fact, based on mistaken intelligence and penetrated more than 25 miles into that country, causing numerous Syrian casualties, several serving and former administration officials said.” (Thanks LRC Blog)
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