Bankrupt Address
George Bush received a personal reminder about the sour state of the economy last week. The Houstonian Hotel and Conference Center, where the President rents a suite to use as his official residence and where he plans to stay during the Republican Convention in August, filed for bankruptcy under the weight of a $28.7 million debt. The Houstonian's owners say the hotel will continue to operate normally. That's good news for Bush. Because Texas does not have a state income tax, the President can continue to reduce his tax bill by filing his returns from Houston.
The Invisible Man
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