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Chem Links, November 19: Housing Starts Stop
November 19, 2009 | By VINCENT VALK
Let's get pessimistic!
As if to reiterate that the economy is hardly in growth mode, U.S. housing starts unexpectedly plunged 10.6% from September to October. Construction fell in all regions of the country. The National Association of Home Builders expects housing starts to bounce back, "but not substantially." (The Washington Post)
By now, expectations for next month's Copenhagen climate talks are so low that a joint statement saying 'we would all like to reduce our greenhouse gas emissions, somehow' might just count as progress. President Obama is the latest to acknowledge as much, though the 'two-step' solution offers a glimmer of hope. (New York Times)
Here come the super greenhousegases! Chlorofluorocarbons, hydrofluorocarbons and perfluorocarbons have greater warming potential than carbon dioxide and methane, according to a new study. Though this is not quite news, the new study breaks down the 'super greenhousegases' at the molecular level, which is essential for developing alternative substances. (Lab News Daily)
Though double-dipping may be faux-pas at cocktail parties, the economy doesn't care about such social mores. President Obama recently warned that growing public debt levels pose a real danger to the U.S. economy, increasing the threat of a W-shaped recession. Which raises the all-important question: Did Dubya double-dip? (Financial Times)
In the 'less pessimistic news about dipping' category, DIP financing appears to have made a comeback, a big difference from the dark days of Lyonell's bankruptcy in January. (DealBook)
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