| What if the 'Surge' Works?
Should Bush's surge happen to succeed, angry voters aren't very likely to run around punishing politicians who voiced doubts (especially since most voters harbored those same doubts). Voters just won't be riled up the way they'll be if the surge fails. They'll base their vote on other issues (e.g., health care, taxes). Isn't the rational course for a self-protective Senator, then, to err on the side of pessimism and vote as if the surge had a lower chance of success than you actually think it does (or than you would think it does if you actually analyzed it fully)? ... **--Update: Anti-surgers could always "huff, snort, nit-pick" about the inevitable "messy details," suggests Victor Davis Hanson--though I imagine that would be easier for previously antiwar Dems than previously prowar GOPs.
Working-class areas lead Nashville's foreclosures
The house on Gondola Drive was meant to be Jeanette Newton's last, where the nurse turned legal assistant would grow old and retire. But that was before a knee injury forced a job change and an escalating adjustable-rate mortgage pushed her payments up from $828 to nearly $1,200 a month. Now, Newton is in bankruptcy, fighting to save the two-bedroom, two-bath house she bought three years ago. .
Quebecor World Advised to Stop the Presses
Quebecor World Inc. (IQW) is racing to avoid bankruptcy given deadlines of Jan. 15 to secure $125-million in new financing and until the end of the month to refinance its credit facility debt. The requirement to reduce the troubled commercial printers current credit facility to $500-million by Feb. 29 comes from both its banking syndicate and the sponsors of its North American securitization program.
Last week, Quebecor World acknowledged that it may not secure the necessary financing. Gimme Credits Shelly Lombard seems to agree with this outlook, calling the deadlines seemingly impossible. The analyst even joked that Quebecor World might need to use its presses to print money rather than magazines.
She also suggested that the banks may be attempting force 36% owner (85% control) Quebecor Inc.
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