In Part IV of his monetary series, Edmund Contoski shows how the housing/mortgage bubble was created by federal laws, regulations, politics, and malfeasance by regulatory agencies. These loosened underwriting standards, thereby creating risky mortgages and an oversupply of homes.
Australia Cans vs Bottles
Crack. Fizz. Gulp. Ahhhhhh. Is there a drinking experience more classically Australian than ripping the ring-pull off a beer? "The visceral pleasure from that first crack of a beer can is identical to popping a champagne cork," says wine and drinks writer Mike Bennie. "There's also huge appeal in the tinnie's nostalgia factor."
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