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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Wednesday, January 30, 2008

Bull Market

(Fox News) - You've heard a lot lately about the horrible housing market in the U.S. But there is one place in the world with soaring prices — a shortage of homes — and bidding wars among buyers.

The city — is Baghdad. The Los Angeles Times reports decreased violence has led to a huge influx of returning Iraqis – 67,000 since September. And that has produced what it calls a real estate "frenzy." The Times reports sales prices in some neighborhoods have doubled — and houses are being snatched up as quickly as they are put up for sale.

And it's not just traditional family houses. Multi-million dollar homes are being bought by retired military officers, doctors, and Iraqis who got rich from government contracts.


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