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The Atlanta Journal Constitution in a related story in today's edition, noted Clinton's call to freeze subprime mortgage rates could force lenders to raise interest rates for more qualified borrowers.

'You basically spread risk to the prime product,' said Jesse Keenan, a fellow at Harvard's Joint Center for Housing Studies. 'In theory, prime loans, and all products, would go up.' As loans become costlier, he said demand for housing would decrease, further pummeling housing prices and producing the opposite of Clinton's intended effect.'

YIKES!!

So before you ask what about Barack's plan, the AJC reported that 'Obama's mortgage solution, which involves a crackdown on predatory lending and giving tax credits to struggling homeowners, has attracted more approval from academic circles.'

Populist positions can be very damaging.


Can GPS beat speed trap's radar gun?

WINDSOR, Calif. -- Given the option of contesting a traffic ticket, most motorists -- 19 out of 20 by some estimates -- would rather pay up than pit their word against a police officer's in court.

But a retired sheriff's deputy hopes to beat the long odds of the law by setting the performance of a police officer's radar gun against the accuracy of the GPS tracking device he installed in his teenage stepson's car.

The retired deputy, Roger Rude, readily admits his 17-year-old stepson, Shaun Malone, enjoys putting the pedal to the metal. That's why he and Shaun's mother insisted on putting a global positioning system that monitors the location and speed of the boy's car.

Shaun complained bitterly about his electronic chaperone until it became his best friend on July 4, when he was pulled over and cited for going 62 mph in a 45 mph zone.


Math and Pedestals

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New-look Yokomine primed for Japan LPGA opener

Yokomine, who has changed caddies regularly in the past, hired John Bennett--David Smail's caddy--for the first two events of the season. It is the first time Yokomine has worked with a non-Japanese caddy since the 2005 Japan Women's Open.

U.S. LPGA Tour rookie Ueda also will play in Okinawa. The youngest-ever money title winner has already played three tournaments this year, including the SBS Open in Hawaii, where she finished tied for fifth.

Hoping to pip Yokomine for the money title will be Shinobu Moromizato and Miho Koga.

Moromizato, who won her first major title at last season's Japan Women's Open, worked on her strength during preseason, including doing 1,000 sit-ups a day.

"I didn't spare much time for training last year because I played in some tournaments overseas.


Ford loses $2.8B in 4Q, $2.7B in 2007 on North American weakness

DEARBORN, Mich. (AP) -- Ford Motor Co. said Thursday its loss narrrowed to $2.8 billion in the fourth quarter and $2.7 billion for the year amid continued weakness in North America.

Ford President and Chief Executive Alan Mulally said the company's operations are improving but the outlook for U.S. sales in 2008 is grim.

Mulally said the company will be adjusting production and making further cost reductions in North America, including a new round of buyouts for its 54,000 U.S. hourly workers.

Details of the buyout program were expected later Thursday.

Ford lost $1.30 per share in the fourth quarter, narrower than a loss of $5.6 billion, or $2.98 per share, in 2006. The full-year results, which resulted in a loss of $1.35 per share, were significantly better than 2006, when Ford lost $12.6 billion, or $6.72 per share.


Father panics as SUV is stolen Woman takes vehicle with infant inside

A trip to return a DVD rental left a Las Vegas father with the worry of a lifetime Thursday morning when a woman stole the vehicle carrying his infant son.

The man, who was not identified by police, stopped in front of the Albertson's at 7350 S. Rainbow Blvd. to return a movie to a storefront kiosk about 10:20 a.m. He left his son in the sport-utility vehicle with the engine running, Las Vegas police said.

He was 10 to 15 feet from the vehicle when a woman hopped behind the wheel and sped away, officer Bill Cassell said.

A Salvation Army bell ringer, who asked to be identified only as Fitzgerald, saw the vehicle zip by with the father running along the driver's side.

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Hot Topic: Asus

The Taiwanese manufacturer's new multimedia laptops each boast 1TB of storage thanks to hard-drive designs from Hitachi.

Startkey turns any Windows system into your PC

Microsoft has confirmed that Startkey, which enables users to carry their personal Windows applications and settings on a flash drive, will be available later this year.

Intel leaves OLPC after Classmate sale embargo

Intel has pulled the plug on its involvement in the One Laptop Per Child (OLPC) project, saying OLPC founder Nick Negroponte expected the chip company to stop selling its Classmate PC while it was a part of the program.

Gates waves goodbye to CES with speech and touch

Bill Gates may be stepping away from full-time work later this year, but he still has a few things he wants to show off.


Website anything but shy about dismantling disability stereotypes

Disaboom co-founder Glen House, center (at his office door), and Dr. Pio Guerrero, left, tell colleagues about their experience a week earlier when Guerrero had to help House out of his truck and up an embankment after House's truck slid off an icy road. (Mark T. Osler, The Denver Post ) .


Local briefs

The Tallahassee Police Department is inviting area residents to apply for the 42nd annual Citizens Police Academy, scheduled to begin April 1. Participants will learn about the inner workings of the Police Department while participating in several activities. The deadline to apply is March 4. There is no fee. Applicants must be at least 21 years old, pass a criminal history check, work or live in Tallahassee or Leon County and be able to commit to attending all classes in the 10-week period. Apply online at www.talgov.com/tpd/cpa.cfm, call 891-4934 or e-mail michele.yown@talgov.com.

Blackout planned in honor of Black History Month: In recognition of Black History Month, Florida A&M University Student Government Association and Florida State University's Black Student Union will host Blackout 2k8 Friday through March 2 throughout the city of Tallahassee.


Take cover by saving urban trees

We need as many trees as possible. Not only in the streets but parks and any suitable area. Not only good for wildlife but also the street scape. Always pester the local authority about the Governments 'Pound for Pound' tree planting scheme. Very useful. Can also try the Government's Specimen Tree planting scheme which is also worthwhile. Always harangue any official not doing the right thing.richard - East London, london

I am a Councillor in Frinton, we have managed to prevent this rape of the environment by imposing a large tree conservation area. Would strongly recommend that people get tree conservation orders on all the trees they value. It really works and here regularly prevents developers destroying trees for profit!David Evans, Frinton-on-Sea

Matt in Essex - you are missing the real points here.


 
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