Dec. 16 (Bloomberg) -- Consumer prices tumbled the most on record in November, and builders broke ground on the fewest new homes in at least half a century, as a deepening economic contraction raised the risk of deflation.

The cost of living dropped 1.7 percent last month, more than economists had forecast, a Labor Department report showed in Washington. Excluding food and energy, so-called core prices were unchanged from a month earlier. Housing starts last month fell 18.9 percent to an annual rate of 625,000, the Commerce Department said.

Worsening residential construction means the economy will likely shrink by 6 percent or more this quarter, the most since the early 1980s, some analysts said. The figures help to build the case for the Federal Reserve to lower its key interest-rate target to a record today, and signal willingness to step up its injections of cash to avert a depression.

“Just as housing continues to fall faster and farther than most thought possible, we wonder if that might be true with the broader economy as well,” said Carl Riccadonna, a senior U.S. economist at Deutsche Bank Securities Inc., which downgraded its fourth-quarter gross domestic product forecast to a drop of as much as 8 percent after today’s housing report. Risks of deflation “are increasing on the horizon.”

Democratic lawmakers are seeking a new effort to address the housing crisis, which last year triggered the collapse in credit markets that has caused almost $1 trillion of writedowns and losses at financial firms. President-elect Barack Obama, who has committed to stem mortgage foreclosures and enact a two-year fiscal stimulus, meets with his economic team later today.

I always wanted to write some thing about new Politics in this world.

But I never could do it alone. So this web site.

During the much hyped Yuva Gharjana, the Youth meet of Telugu Desam Party held on 5th of Nov,  Congress Party has broadcast an Ad featuring Nagarjuna praising Congress created welfare programs, "100 Days Guaranteed Work for workers and Indira Pension plan". Watch the ad.

So Nagarjuna and Chiranjeevi going separate ways?

Many Chiranjeevi fans were predicting that Nagarjuna will officially promote and back Chiranjeevi's party, given the fact that both are very close and have business relationships. This looks like a shock to many.

With flood of Movie Stars joining Politics, does stardom matter?

TDP got Nandamuri family actors. Praja Rajyam got Chiranjeevi's family of film actors. Congress breaks away family ties and got Nagarjuna and Mahesh babu, the two actors that are much more popular and loved by lot more people than both (above) families together. And Jayasudha and Raja Sekhar too. That may definitely gives Congress one notch up, the film stars tally.

(NTR Family of Actors)

(Chiranjeevi Family of Movie stars)

 

(Movie Stars Supporting Congress Party)

But eventually, due to so many film stars entering each political party, the effect of Chiranjeevi as movie star may be partially get neutralized. It may be a bad sign for Chiranjeevi, but may not work for TDP either.

That means, Will congress win again? Oh! my God!

Akriti team learnt that Congress Party has broadcast an Ad featuring Nagarjuna praising Congress created welfare programs, "100 Days Guaranteed Work for workers and Indira Pension plan". Watch the ad.

So Nagarjuna and Chiranjeevi going separate ways?

Many Chiranjeevi were predicting that Nagarjuna will officially promote and back Chiranjeevi's party. This looks like a shock to many.

Will there be any effect of Movie Stars at all?

TDP got Nandamuri family actors. Praja Rajyam got Chiranjeevi's family of film actors. Congress breaks away family ties and got Nagarjuna and Mahesh babu, the two actors that are much more popular and loved by lot more people than both above families together. And Jayasudha and Raja Sekhar too. That may definitely gives Congress one notch up.

But eventually, due to film stars entering each political party, the effect of Chiranjeevi as movie star may be partially get neutralized. It may be a bad sign for Chiranjeevi, but may not work for TDP either. Will congress win again?

Congratulations Barack Obama, on winning this historic presidential race.

Barack Obama has inspired millions of people not just in US but all across the world, with a hope for a better world and relentless team work to achieve those dreams.

If what he had demonstrated in running the race offers a glimpse of what to expect in his presidency, entire world is up for a dramatic change in every way we see things and do things.  Overall, a much more understanding and prosperous America and a better world.

 

Source: Hulu - MSNBC Decision 08: Obama Presidential Acceptance Speech

There are lots of key lessons to take away from this election and how he ran the race without drama and consistent and engaging message. Most importantly those historic speeches and courageous positions he took on issues much larger than life of any individual. Outstanding leadership.

Once again, Congratulations Barack Obama.