From Alan Nevin, chief economist for the California Building Industry Association and San Diego-based MarketPointe Realty Advisors: "Now it's just a matter of the pig going through the snake."
Here is a great talk by Harvard Professor Elizabeth Warren on the upcoming collapse of the middle class. The first 5 minutes are spent on introducing Professor Warren, so I recommend skipping to roughly 5-6 minutes into the video. She gives a very, very interesting comparison of the changing socio-economic factors between 1970-2007. The talk was given on the 8th March, 2007 at Berkeley.
So, on Sunday I was lying on the couch reading when I heard this commotion from Oxford Street. I jumped up and went out onto the balcony - just in time to see the Olympic Flame go past! It was driven past on an open top bus, held upright by this girl in a track-suit.