European markets are slumping this morning on news that the prime minister of Italy is resigning. Mario Monti — whose technocratic government took power a year ago to fix the Italian economy — says he’ll step down as soon as next year’s budget gets approved. In North Dakota, oil production is booming. Of course, there’s still no pipeline to move the oil — which is causing a boom for another industry: railroads. And, there is still a glut of foreclosed houses on the market, but it’s not ordinary homebuyers who are benefitting.
European markets are slumping this morning on news that the prime minister of Italy is resigning. Mario Monti — whose technocratic government took power a year ago to fix the Italian economy — says he’ll step down as soon as next year’s budget gets approved. In North Dakota, oil production is booming. Of course, there’s still no pipeline to move the oil — which is causing a boom for another industry: railroads. And, there is still a glut of foreclosed houses on the market, but it’s not ordinary homebuyers who are benefitting.
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