April 24, 2011

Bits Bucket for April 24, 2011

Post off-topic ideas, links, and Craigslist finds here.




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Comment by Sammy Schadenfreude
2011-04-24 05:59:15

http://www.dailypaul.com/162427/ron-paul-the-founding-father

Ron Paul is the most important politician in America today because he’s the rare politician — maybe the only politician — who always says exactly what he really believes.

Read more: http://www.esquire.com/blogs/politics/ron-paul-quotes-559328...

He is a constant in a changing world, an emissary from an older America. A self-styled constitutional purist, he has for forty years been a voice in the wilderness. But now he has sparked a movement that has put him at the center of the struggle over what kind of country we want to be. But is America ready for his radical vision?

Comment by Muggy
2011-04-24 06:27:19

“But is America ready for his radical vision?”

His vision is certainly radical. He wants to end compulsory education and eliminate the Dept. of Ed., which would radically alter funding for schools that serve special needs students and impoverished students. I’ve always considered treatment of special needs kids a good measure of the civility of any given culture. If you’re locking them up in closets and ignoring them, that is not a good sign and not a place I would want to live or raise my family.

The libertarian party is hanging itself by hanging it’s hat on these educational platforms. There are years and years of case law and millions and millions of dollars spent interpreting all of this. Places like Florida, where TEA party Gov. Rick Scott is going to challenge all of this again with vouchers, are going to waste millions of dollars re-sorting what has already sorted.

IMHO, If the libertarian party could be more sensible on their education stance, they could probably fix the country.

Comment by Muggy
2011-04-24 06:32:34

Lol, both Rand and Ron Paul went to public secondary schools. I’m shocked they didn’t “choose” something better…

Comment by Professor Bear
2011-04-24 10:53:38

They got theirs… now screw the rest of you’s.

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Comment by Muggy
2011-04-24 06:37:39

“are going to waste millions of dollars re-sorting what has already sorted.”

Typos…

we are going to waste millions of dollars re-sorting what has already been sorted.

Comment by palmetto
2011-04-24 07:18:05

Now, Muggy, don’t you work as a private contractor to the public ed system?

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Comment by Muggy
2011-04-24 08:29:32

Palmy, right now I work for the county of Piny Point. I have worked in all kids of weird, quasi-private/public/fed setups. I started in a title one computer lab that was stationed in a diocesan school (we weren’t allowed to post religious artificats in the lab itself). I also worked for an annual contract, performance-based public/private school that served the whole state of Florida. I’ve worked in ESE centers, known in NY as BOCES, universities, public k/12 and so on. You name it, I’ve been on their payroll at one time or another.

IMHO, Fisher’s post below basically nails it.

 
Comment by palmetto
2011-04-24 09:56:31

“IMHO, Fisher’s post below basically nails it.”

I couldn’t agree more. A while back I posted about schools with rows of brand new computers, each one with a smiling anchor baby sitting in front of it and having no clue how to operate it.

Before we give kids computers to operate, how about teaching them to read and write and do basic math? In one language.

And fer cryin’ out loud, puh-leeeze give these kids a decent schedule. I went to school from 9-3, Monday through Friday. Plenty of time for transportation to and from, sleep, homework, after school hobbies or even a part time job. We got off for summer a couple of weeks after Memorial Day and came back after Labor Day. This going back to school at the beginning of August is the height of mental illness.

Problem is, families now have to rely on schools to feed and babysit their kids. That’s just plain wrong. It masks deeper problems in the society that could be addressed if the schools didn’t play nanny.

 
Comment by Montana
2011-04-24 14:53:42

Before we give kids computers to operate, how about teaching them to read and write and do basic math? In one language.

But how else are we going to close the achievement gap? Technology will save us!!1!

 
 
 
Comment by In Colorado
2011-04-24 06:44:27

I guess we really are going back to 1913, as some posters here romanticize. We can go back to the days when an 6th grade education was a luxury. At least then the playing field will be level, as Americans will be as functionally illiterate as the illegals they are competing with for jobs.

I envision a day in the near future when “public” schools start charging tuition once the mandate for compulsory education is removed. At that point we’ll be able to finally admit that we’ve become a 3rd world nation.

Comment by Bill in Carolina
2011-04-24 07:09:06

I find it ironic that many of the same posters who defend our “free” education system also frequently (and correctly) point out how stupid the general American population has become.

Connect the dots, people!

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Comment by palmetto
2011-04-24 07:24:21

Say, Bill, do you have any idea what the actual commute time between Greenville and Asheville is? Some of the posters on City Data forums advise living smack between the two cities to have the best of both worlds. I guess that would be Hendersonville?

 
Comment by fisher
2011-04-24 07:34:54

OK, I’ll connect the dots for you since I learned how to do that in public school:

The perceived failure of the public schools to educate the masses of american idiots out there is actually a parenting failure. It’s not the job of the public schools to *make* children learn, it just provides them an opportunity at the taxpayers expense since an educated electorate is vital to the survival of a democracy, and vital to our external national security as well as we must compete with other nations.

If the kids don’t give a damn because that’s the way they were raised, it’s not the fault of public education. Do you really think a 6 year old twerp bringing a 9mm to class and shooting himself in the foot is some kind of public school fail? Nuh uh.

 
Comment by fisher
2011-04-24 07:58:04

And while I’m on my high horse about this I’d also like to point out it is not just the liberatarian no-more-taxes contingent that are trying to destroy public education. A lot liberal types are just as guilty when they run around moaning for more money because the schools are failing the “at risk” kids. That failure is still going to occur for most of those kids no matter what the schools try and do for them because their own parents have already failed them. The schools can’t do everything and they shouldn’t try. Public schools need to focus on their core mission of education and leave daycare, ESL for illegals, and social engineering to other organizations. Teachers will be happier, the students will probably be happier, and the tax payers sure as hell will be happier that way.

 
Comment by palmetto
2011-04-24 08:26:07

“The schools can’t do everything and they shouldn’t try. Public schools need to focus on their core mission of education and leave daycare, ESL for illegals, and social engineering to other organizations. Teachers will be happier, the students will probably be happier, and the tax payers sure as hell will be happier that way.”

I can agree with that, and if the public school system hadn’t been twisted so far out of the original mission, I doubt anyone would be complaining or calling for its demise. But I think we’ve gone way too far beyond the original purpose. People just can’t get it up anymore to beat a horse that’s already dead.

Institutions depend as much on the goodwill of the public they serve as the money. In fact, I would argue that money follows goodwill. The public school system has lost too much goodwill. I live in a state that has a large number of retirees. You could actually convince retirees to fund public education if you could bring it home to them that it is in their best interests to have a younger population that can read and do basic math, since this is very important in health care support jobs. But if what they see are obese, fatooed and pierced medical support personnel in scrubs chattering loudly in a foreign language, why bother? Keep more of your own money and pray to God you go peacefully in your sleep.

 
Comment by Hwy50ina49Dodge
2011-04-24 08:38:32

since I learned how to do that in public school:

:-)

Daffy (recently emerging from Plato’s cave): “Hey Hwy hows comes all the sunflower seeds yous plant don’t sprout? Is it on accounts of the seed itself, the soil, the place you planted ‘em or are some of ‘em just plain genetically too stubborn to know when to start reachin’ for more “sunlight” falling “freely” from the high heaven’s?

Hwy50: “Well Daffy iffin’s you move your web feet from atop their heads, some of ‘em might do better. By the way, I saw you out in the “wild-flower” meadow with that weed whacker you have in your hands, you didn’t seem at all “selective” about what you was whack’in…

Bugs: “en listen Hwy, that’s his new Acme Annihilator 2000, it’s about speed & destruction, I don’t think the “Whacks-Everything-all-at-once” designer’s “envisioned” someone with Daffy’s “abilities” to actually be “in-control” of it’s total “capabilities”.

Foghorn Leghorn (starting the Acme Annihilator 2000) : “Whoa, I say whoaaaaaaaaaaaaaaaaaaaaa thereeeeeeeeeeeeeeeeeeeeeeeee!!!!!

Bugs: “eh Daffy, looks like there’s a “loose-nut-behind-the-wheel”"

Daffy: “That’s desssspiiicaaable!!! Obviously I’m dealing with inferior mentalities.”

 
Comment by fisher
2011-04-24 09:06:50

Palmetto, public education in the US had a “Sputnik Moment” in the past that prompted massive reforms in curriculum and focus. I don’t see why we can’t do it again.

 
Comment by In Colorado
2011-04-24 09:17:28

A lot liberal types are just as guilty when they run around moaning for more money because the schools are failing the “at risk” kids. That failure is still going to occur for most of those kids no matter what the schools try and do for them because their own parents have already failed them.

Correct. We should focus on the kids who are willing to learn.

 
Comment by SUGuy
2011-04-24 10:28:47

At our company we prefer to hire people with a bachelor’s degree as the first preference. Educated people are easy to deal with while the blue collar types we need to hire we prefer them from small neighboring country towns. The kids that grow up in the country usually are less problematic and more respectful. Most of the 18 to 26 year old kids from the city of Syracuse are lazy, disrespectful, scam artists. They don’t want to come to work from Monday thru Thursday but expect a pay check on Fridays. They view suing a company equivalent to winning a lottery ticket as the only hope in life to get wealthy. Some of them will spend countless years especially the girls to get SSD. I have no idea how society will ever deal with these types. These are mostly the product of the Syracuse School district.

I agree the Govt can not do anything about the breakdown of the family. We might have to give up on this type of population.

 
Comment by palmetto
2011-04-24 10:36:40

“I have no idea how society will ever deal with these types.”

The old fashioned way: they don’t get to eat. It’s really the only way. There are some people who, when honestly give a chance, will take it and rise. But for those who wish to succumb, I say they should be allowed to do exactly what they want, without taking others with them.

 
Comment by ecofeco
2011-04-24 14:15:28

SUguy, I too, spent several years working with exactly there types. As much as I like to defend J6P, when they act like that, even I can’t find something good to say. They do deserve to live in the ghetto and be disrespected.

However, the biggest problem is the ones who DO want to improve themselves really aren’t getting the opportunities that used to exist.

Promotion from within? Dead. Company paid for education? Dead. Affordable community college? Dead. Credit for OJT? dead. Experience? You’re too old. Honesty and respect, promotion and raises from the company? You’re joking, right?

There are of course, exceptions to the above. But there is no doubt that the trend of availability has been ever downwards for decades.

 
Comment by Bill in Carolina
2011-04-24 15:36:14

Fisher, I agree with you. The problem with public schools is that they CAN’T kick out those who have no desire to learn so they make things near-impossible for the teachers and for those who ARE there to learn. Also, public schools use a one-size-fits-all approach to education in terms of timing.

Abolish the public schools. The govt would still collect the taxes, but give the money they collect to parents in the form of vouchers to spend on whatever type of schooling they choose for their kids. Will there be abuses? Sure. But I believe the end result will be more kids getting an education that’s tailored to their needs than what we’re getting for those dollars now.

 
Comment by fisher
2011-04-24 17:23:03

I respectfully disagree, Bill. If we can agree that the problem is the large number of unfit parents and their offspring in the public system, I can’t see how your solution would improve anything. It would actually make it *worse*, if that is even possible. Just hand out money to all those idiots to spend as they see fit? Not with *my* tax dollars!

Heckuva lot easier to reform the public system. The troublemakers can be expelled. Let’s have some friendly incentives for parents to keep their kids under control, such as a nice visit from ICE (where appropriate) when the kids are causing problems at school…

We reformed the public system back in the 1950’s (due to the Sputnik Moment I alluded to earlier) and we can damn well fix it again without dismantling the entire system.

 
 
Comment by CarrieAnn
2011-04-24 08:20:31

We’ve come a long way from reading, writing and ‘rithmatic in one room schoolhouses. But it was my understanding that every additional increase in public education was in response to the needs for an educated workforce. This skilled labor enabled the meteoric growth our country was able to experience. Whenever the conversation turns to the H1-Bs that are invited in to take American jobs on this soil, the excuse is always that there aren’t enough educated Americans to fill the positions. So if you want to believe it’s not really about pay scale, the schools still aren’t training students for the industries that need them.

Bill, if we bemoan some of the schools it’s because there are crazy inconsistencies and many are failing. But find a good one and it’s an experience that is life building. I’d like someone to go in w/a machete in the weaker districts but we’re talking replacing staff and breaking up the fiefdoms, not slashing the curriculum.

Another commentary on the above article: Start gutting public schools and in many communities you’ll be gutting the district’s housing values. How often have I heard: I bought myself this great school district and got this house w/it.

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Comment by jbunniii
2011-04-24 12:16:51

I find it ironic that many of the same posters who defend our “free” education system also frequently (and correctly) point out how stupid the general American population has become.

You can lead a horse’s ass to knowledge, but you can’t make him think.

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Comment by Ben Jones
2011-04-24 07:04:34

‘certainly radical’

I mentioned a while back how these terms are a moving target. For instance, a few years ago how radical would we have considered it to have armed strangers putting their hands all over you if you wanted to get on a plane? Or to insist on the power to torture (without legal review, BTW) anyone? I understand the US spends more on the military than the rest of the world put together. While it hands wealthy bankers billions of govt dollars. These are now positions a “moderate” politician can hold.

Comment by palmetto
2011-04-24 07:14:28

Oh, boy, you just said a mouthful. +gazillion.

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Comment by liz pendens
2011-04-24 07:28:29

But Ben, without TBTF it could have been so much worse (cough). We need those “moderates” to protect all of us and preserve the dream of living beyond ones’ means. Lloyd Blankfein is your President no matter who runs.

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Comment by Muggy
2011-04-24 08:23:31

“These are now positions a “moderate” politician can hold.”

We’re on the same page. The only instance I am using radical in describing Ron Paul is his stance to end compulsory education. Right now, it all starts with, “it’s illegal to skip school” for minors (depending on state). Ending that would truly be radical. In other words, it would then be o.k. to keep your kid at home and not teach them anything.

I’m telling you, I can read between the lines here and some people on this board are trying to peg me as a bleeding heart liberal send schools more money nutbag. I’m not.

I argued in grad school that once a school is adequately staffed, that should be it. As far as I know, I am the only guy I know in the real world that holds that position.

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Comment by scdave
2011-04-24 09:02:08

US spends more on the military than the rest of the world put together ??

700 bil I believe…26% of our GDP…I think the next closet is China @ 100 Bil…

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Comment by Bill in Phoenix and Tampa
2011-04-24 08:19:38

No, America is not ready for Ron Paul. Too many moochers.

Comment by liz pendens
2011-04-24 08:41:23

The percentage of moochers will only rise. Until…

 
Comment by RioAmericanInBrasil
2011-04-24 10:02:58

No, America is not ready for Ron Paul. Too many moochers.

Bill. Are you intellectually capable of posting longer, well thought-out posts that aren’t just re-hashing the talking-points and buzzwords of the nutball/sociopath and killerRapist admiring Ayn Rand??

Comment by Ben Jones
2011-04-24 10:21:34

Rio, you need to tone it down. That sort of comment is uncalled for and unacceptable.

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Comment by RioAmericanInBrasil
2011-04-24 10:43:32

I will if you say so of course. But why Ben? Look at 90% of Bill’s comments the past two days. Do they deviate from my description above? If they do not, why can’t one be called on it? Why is it uncalled for?

Is my description of Ayn Rand different than many in the main-stream media have described? I can post articles proving no.

Bill has called people commies, socialists, retards, lazy, moochers and more. I called him nothing. I asked a question.

I will tone it down if you say so but I don’t believe I’ve written anything to warrant the warning and I think someone who writes as Bill does and puts down and disparages so many of our fellow Americans as “moochers” and worse should be man enough to defend his narrow-minded, Ayn Rand infused posts.

 
Comment by SUGuy
2011-04-24 10:57:07

Now let’s all get along I always enjoy Bills point of view and he seems to be a nice guy.

 
Comment by Ben Jones
2011-04-24 11:02:28

Rio,

It just too harsh. And maybe everyone should tone it down a bit. The name calling doesn’t add anything to the discussion, seems unnecessary, and we could do without it. I value almost everyone’s viewpoints and input, including yours. But let’s keep it civil, please.

 
Comment by In Colorado
2011-04-24 11:55:59

I agree with Rio. Bill hurls insults left and right and you never call him on them. All Rio did was call Ayn Rand a nutjob.

 
Comment by Ben Jones
2011-04-24 12:01:25

That’s not so:

’sociopath and killerRapist admiring’

 
Comment by In Colorado
2011-04-24 12:11:40

That’s not so:
’sociopath and killerRapist admiring’

I believe those were directed at the late Ms. Rand, and not at Bill. As Rio said, these are facts regarding Ms. Rand, who is on record for admiring a killer rapist for being a maverick.

 
Comment by RioAmericanInBrasil
2011-04-24 12:24:29

’sociopath and killerRapist admiring’

But to be very clear. That sentence was not calling Bill the above description. Of course not. It does not read that way at all. My sentence was calling Ayn Rand the above description as has many main-stream media sources. (such as the passage below.)

Yes. The word “rapist” is a very harsh word as it describes one who commits a horrible act. However I felt it was important to bring this up to Bill who so admires Ayn Rand and her philosophy, and to point out Bill’s last 2 day’s post’s were simply one-liner rehashing of Rand’s loony talking points.

To understand Ayn Rand’s warped philosophy it is important to point out Ayn Rand’s sick mind and where the end-game of her dangerous thinking could lead society. This lady was not totally sane and neither is her “philosophy”.

From: Slate dot com Nov. 2, 2009
How Ayn Rand Became an American Icon
The perverse allure of a damaged woman.

She announced that the world was divided between a small minority of Supermen who are productive and “the naked, twisted, mindless figure of the human Incompetent” who, like the Leninists, try to feed off them. He is “mud to be ground underfoot, fuel to be burned.” It is evil to show kindness to these “lice”: The “only virtue” is “selfishness.”

She meant it. Her diaries from that time, while she worked as a receptionist and an extra, lay out the Nietzschean mentality that underpins all her later writings. The newspapers were filled for months with stories about serial killer called William Hickman, who kidnapped a 12-year-old girl called Marion Parker from her junior high school, raped her, and dismembered her body, which he sent mockingly to the police in pieces.

Rand wrote great stretches of praise for him, saying he represented “the amazing picture of a man with no regard whatsoever for all that a society holds sacred, and with a consciousness all his own. A man who really stands alone, in action and in soul. … Other people do not exist for him, and he does not see why they should.” She called him “a brilliant, unusual, exceptional boy,” shimmering with “immense, explicit egotism.” Rand had only one regret: “A strong man can eventually trample society under its feet. That boy [Hickman] was not strong enough.”

 
Comment by Carl Morris
2011-04-24 12:29:54

That sort of comment is uncalled for and unacceptable.

Thank you.

 
Comment by SV guy
2011-04-24 12:35:29

Everyone here has their own viewpoint. Each believes they’re right, including me, but I will always listen to intelligent discourse.

But never make it personal!

 
Comment by RioAmericanInBrasil
2011-04-24 12:36:48

’sociopath and killerRapist admiring’……

I believe those were directed at the late Ms. Rand, and not at Bill.

Yes. Thank you. That is exactly so.

sociopath and killerRapist admiring was a description of Ayn Rand, NOT of Bill. I don’t think the sentence could even grammatically imply it was a description of Bill and there was no intention to do so.

I posted a longer post describing why I even brought this up regarding Ayn Rand.

 
Comment by RioAmericanInBrasil
2011-04-24 12:45:30

That sort of comment is uncalled for and unacceptable.

Thank you.

Why do you think the comment was uncalled for and unacceptable Carl Morris? Did it lie? Did it twist the truth? Cuss?

Did you read my last 3 posts on the subject? Do you know that I was describing Ayn Rand as sociopath and killerRapist admiring and not Bill as that? Did you know Ayn Rand was as I described?

Is there any way my original sentence could grammatically imply the description was for Bill?

 
Comment by RioAmericanInBrasil
2011-04-24 13:00:43

But never make it personal!

Now that depends. One can easily hide behind “never make it personal!” And this could stifle debate.

How? Let’s take the hypothetical situation that the fascist, racist thinking of the Nazi’s was gaining traction in the USA right now–that it was an important political movement.

Now let’s say that for the past few days the majority of my posts were spouting one line talking points from Mein Kampf. Let’s say I was insulting large groups of my countrymen.

Would someone NOT have the right to point out that I was repeatedly parroting views of Mein Kampf?? Or is that getting “too personal”? Would someone NOT have the right to point out that the author (Hitler) was a total nutball, jackass, evil madman? Or is that getting too “personal” with me? You see?

In this context there was not much “personal” at all in my original post.

 
Comment by Carl Morris
2011-04-24 13:22:56

Why do you think the comment was uncalled for and unacceptable Carl Morris? Did it lie? Did it twist the truth?

To me any question that starts with “Are you intellectually capable” is an insult. And I’m tired of the insults.

I also think that you guys that like to call every point from the other side a “re-hashed talking point” are implying that the person is capable only of parroting the thoughts of other people and can’t possibly actually have good reason to believe something themselves. Another insult. Again…I’m tired of the insults.

 
Comment by alpha-sloth
2011-04-24 13:39:46

From the Slate article (a great one!):

“…Rand taps into something deeper still. The founding myth of America is that the nation was built out of nothing, using only reason and willpower. Rand applies this myth to the individual American: You made yourself. You need nobody and nothing except your reason to rise and dominate. You can be America, in one body, in one mind.

She said the United States should be a “democracy of superiors only,” with superiority defined by being rich. Well, we got it. As the health care crisis has shown, today, the rich have the real power: The vote that matters is expressed with a checkbook and a lobbyist. We get to vote only for the candidates they have pre-funded and receive the legislation they have preapproved. It’s useful—if daunting—to know that there is a substantial slice of the American public who believe this is not a problem to be put right, but morally admirable.

We all live every day with the victory of this fifth-rate Nietzsche of the mini-malls. Alan Greenspan was one of her strongest cult followers and even invited her to the Oval Office to witness his swearing-in when he joined the Ford administration. You can see how he carried this philosophy into the 1990s: Why should the Supermen of Wall Street be regulated to protect the lice of Main Street? ”


Like I’ve been saying…

 
Comment by RioAmericanInBrasil
2011-04-24 13:41:21

To me any question that starts with “Are you intellectually capable” is an insult.

To you maybe. It might be a mild insult. It might not be. It might be a needed chide or spur to motivate someone who obviously has some intellectual capacity to try to move beyond one dimensional talking-points of a twisted “philosopher” (Rand)

But unlike Bill, I did not call him a retard as he did to someone yesterday. I did not call him a “moocher” as he is apt to do every few post or so and I did not call him a fascist as he likes to call people commies.

I also think that you guys that like to call every point from the other side a “re-hashed talking point” are implying that the person is capable only of parroting the thoughts of other people and can’t possibly actually have good reason to believe something themselves. Another insult.

It is not an “insult” if that is what a poster has done for the past 2 days and consistently done for the past two years. Bill has done this. It’s fact. It’s written. Is it an insult to call him out on this fact? Maybe a little in some context but I don’t see how this is much of an insult at all compared to the fact that it is so.

It’s becoming clear that this whole thing about my post was mis-reading my post–thinking I was calling Bill something that I was actually calling killer/rapst loving Ayn Rand.

I’m tired of the insults.

I will look forward to your consistency on calling both “sides” on this and not just the side you disagree with.

 
Comment by RioAmericanInBrasil
2011-04-24 14:04:53

She (Ayn Rand) announced that the world was divided between a small minority of Supermen who are productive and “the naked, twisted, mindless figure of the human Incompetent” slate dot com

Please read that above sentence people. Rand took the side of the “small minority of Supermen” and said the heck with the rest. She said the heck with 99.8% of our mothers, fathers, sons and daughters. Yes.

That philosophy is NOT what the Bible teaches and NOT congruent with the principles America was founded on and not in line with the meaning of our Declaration of Independence and U.S. constitution. Heck, its not even good economics!

Those of you who take Ayn Rand’s twisted side are taking sides against all of the above and against the vast majority of your fellow Americans. And the reason you are encouraged to take this side is to make the “small minority of Supermen” more money than you could possibly ever imagine.

This is why I point out Rand’s dangerous, nutball lunacy.

 
Comment by liz pendens
2011-04-24 14:13:41

Rio can be a real abrasive douche. We all know this and accept the guys demeanor.

 
Comment by Professor Bear
2011-04-24 15:13:23

“…who is on record for admiring a killer rapist for being a maverick.”

Sarah Palin is also a maverick. Hmmmmm…

 
Comment by Carl Morris
2011-04-24 16:09:48

I will look forward to your consistency on calling both “sides” on this and not just the side you disagree with.

I’ll speak up on whatever I feel like speaking up on. It’s kind of pointless either way, which is why I try to ignore it as much as I can. All I said was “thank you”.

On a separate note, I do sincerely appreciate the things that I’ve learned from you and others even when I disagree. That’s why I’m here.

 
Comment by RioAmericanInBrasil
2011-04-24 19:40:34

Rio can be a real abrasive douche. We all know this and accept the guys demeanor.

Abrasive douche? Well…. Douche? You can be needlessly crude as I will show below. Abrasive? Possible, but unlike you Liz Pendens I might be perceived “abrasive” by those I engage because I make valid points with facts, studies and logic that can cut to the chase and quite the less informed.

Some like you don’t like it maybe because you are unwilling or unable to defend your points with the same tools. Rather, like you, sometimes, they can just be what you described just by being one.

You might well accept this fact just as you “accept” my “demeanor”.

And unlike you, I have never insulted minorities, used the word “gay” as a pejorative term or told someone to perform a vulgar sex act on me. And I hope I’m not being an “abrasive douche” by advising you to quit now while you are behind as I will be happy to furnish examples of what I just claimed about your posts.

 
Comment by alpha-sloth
2011-04-25 04:48:53

“Rio can be a real abrasive douche. We all know this and accept the guys demeanor.”

I guess it is really abrasive to have your prejudices and oligarchic brain-washing continually be countered by Rio’s logic, facts, and actual links.

But I guess that’s what a douche is for- to clear out fetid reasoning and rotten talking points. Too bad it has to be you.

 
 
Comment by butters
2011-04-24 13:43:41

Kettle, meet pot

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Comment by alpha-sloth
2011-04-24 13:33:56

“A self-styled constitutional purist, ”

People are always saying such things about Ron Paul. What does it mean? That we should go back to counting slaves for determining representation, like in the original Constitution? And having our electors choose whomever they wish to be president, like we used to?

Some of his followers seem to say that he is in favor of direct democracy, others seem to say he’s in favor a ‘republic’ rather than a democracy- whatever that means (and again, they can’t seem to explain it themselves).

Can anyone help me see the Light?

Comment by alpha-sloth
2011-04-25 07:20:02

crickets (I don’t think he believes in one man-one vote. That’s why no one will answer me.)

Comment by Carl Morris
2011-04-25 18:06:22

Try asking your question earlier in the day. I can’t answer your question because I don’t study his positions. I personally believe that a check and balance on the tyranny of the majority is a good thing, so put me down in the “republic” category.

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Comment by Left Ohio
2011-04-24 06:10:09

People moving into Colorado faster than state creates jobs for them

Colorado employers shed 130,000 jobs from 2008 to 2010, but the state added 145,000 new residents. This year, economists expect Colorado to gain 10,000 to 20,000 jobs, as the population grows by perhaps 85,000, including births. More than 30,000 of that growth could be transplants from other states.

denverpost com/business/ci_17917112

Comment by palmetto
2011-04-24 06:24:32

“the state added 145,000 new residents.”

Illegals? Anchor babies? California refugees? What?

Reporting is such a joke these days, especially when it involves statistics.

Comment by In Colorado
2011-04-24 06:33:45

I think the article said that 40% came from other western states and 1/3 came from the south, including Texas.

My wife works at the local public library and they see a substantial number of new arrivals who come to the library to use the computers to search for a job. Apparently many give up after a while (there were just 500 net new jobs created statewide in March) and move on to search for the next El Dorado.

As for illegals in the Centennial state, they are less ubiquitous than in the past, especially in places like WalMart. I suspect that many packed it in and left when the construction jobs vanished.

Anecdote: took the car to a full serve car wash the other day. There were no obviously illegal staff working there (I suppose some of them could have been Canadians).

Comment by palmetto
2011-04-24 07:12:35

Tsk, tsk, that’s racial profiling, gasp!

All kidding aside, Colo, (love your posts on the state, always very informative) I think you’re right that many illegals have moved on to greener pastures, so to speak. But where? Lord knows we have our share of them here.

As to job seekers who arrive and then move on, I wonder if this is common in mountain states, with people looking for the idyllic place to live and hope to get a job and then find out the two don’t match. I’ve been reading a lot of the City Data forums for Western North Carolina recently, just sort of researching the area. Although it is not the Rockies, that area certainly has its own beauty. Seems like many people are eager to start a new life there (including folks from Calif, Colorado, Pacific NW) and then become disillusioned because the Asheville area is short on jobs. Can’t live on misty mornings and mountain sunsets. Long time posters in those forums advise NOT to move there unless you’ve got a gig or your own source of income. The most hilarious posts are from people who moved there expecting manna from heaven.

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Comment by Hwy50ina49Dodge
2011-04-24 09:22:09

short on jobs

Can’t live on misty mornings and mountain sunsets.

The current “jobs!-jobs!-jobs! magnet” is ND & WY

They provide beautiful sunrise, sunsets…(ignore mosquitoes & Kodak-moment panoramic blizzards) :-/

 
Comment by palmetto
2011-04-24 09:37:24

“The current “jobs!-jobs!-jobs! magnet” is ND & WY

They provide beautiful sunrise, sunsets…(ignore mosquitoes & Kodak-moment panoramic blizzards) :-/”

LOL, that is soooooooo true. What good is a high-paying job if you can’t even get out of your driveway to get there? Or if you’re shivering yer butt off 9 months of the year? Not to mention, the North Central jobs “bubble” has created a shortage of housing in those areas. In one article I read, it’s so bad, you have people living in motel rooms, if they can find one. A run down trailer is a “find”, and some of the enterprising locals with a bit of land have been dragging trailers onto the land and renting them out for a pretty penny. There’s no place to live and nothing to buy, even if you could.

 
Comment by RioAmericanInBrasil
2011-04-24 10:12:51

I think you’re right that many illegals have moved on to greener pastures, so to speak.

Not here to Brazil. Brazilians are funny about that kind of stuff. They think they are a like a sovereign country and Brazilian jobs should be done by Brazilians.

Crazy!

 
Comment by In Colorado
2011-04-24 11:59:36

“What good is a high-paying job if you can’t even get out of your driveway to get there?”

Trust me, there aren’t all that many “high paying jobs” in Wyoming.

And FWIW, the weather isn’t that bad (snow wise). It’s much worse in the Great Lakes states.

 
Comment by Carl Morris
2011-04-24 12:38:44

Trust me, there aren’t all that many “high paying jobs” in Wyoming.

And FWIW, the weather isn’t that bad (snow wise).

Both of those things are exactly what I was going to say.

Take an area in the middle of nowhere with 100 people in it and add another 50 hard-temporary-but-decent-paying jobs and it’ll be a localized “boom” for a little while. Doesn’t mean it makes sense to move there from somewhere else.

 
Comment by Montana
2011-04-24 15:08:09

got a grandkid who’s going back to Sidney MT which is boom town again. DH gave him a line on a relative running some labor crew and the kid’s going to pitch a tent in another relative’s back yard. That’s what you do, that’s what guys did back in the GD, if they caught wind of any kind of paying job. I wish him well.

 
 
Comment by jbunniii
2011-04-24 12:43:41

Long time posters in those forums advise NOT to move there unless you’ve got a gig or your own source of income.

Seems like common sense no matter where one considers moving.

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Comment by ecofeco
2011-04-24 14:37:31

It is.

But I’ve been surprised all my life at how many people don’t think so.

 
Comment by Happy2bHeard
2011-04-24 17:11:33

And yet I have seen posters on this board that advocate that the unemployed should move to where the jobs are instead of collecting unemployment (up to 99 weeks) where they are.

 
 
 
 
 
Comment by Muggy
Comment by jeff saturday
2011-04-24 06:52:09

I never did get the big selling point of “walk to the beach”. I get waterfront and ocean access. I would rather drive 10 minutes, park and walk to the beach for a whole lot less money including the insurance cost of being that close to the beach. Over on the east coast anything east of I95 was a lot more expensive for wind coverage, at least back in 04 which was the last time I renewed before I became a low life renter. Still, that has to be a serious price drop from the peak.

PS

Is the cat still in the hood?

Comment by jeff saturday
2011-04-24 07:03:37

Wait a minute, that damn thing is on the beach! You are right “now we’re talkin”.

Comment by alpha-sloth
2011-04-24 14:24:33

Well, across the street, but I agree it’s getting closer to a reasonable price.

Also, ‘handyman special’- that’s realtor code for ‘trashed’.

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Comment by jeff saturday
2011-04-24 06:27:45

Neighborhood profile: Median market value down 49.7 percent from 2006 peak in Boynton Beach’s Boynton Isles

by William Hartnett

With just 50 houses, all of which have direct access to the Intracoastal Waterway, Boynton Isles is the subject of this week’s installment of our real estate profile series. The neighborhood is situated between South Federal Highway and the Intracoastal in Boynton Beach.

The median market value in Boynton Isles peaked at $755,159 in 2006, and fell 49.7 percent to $380,104 in 2010.

The median price of qualified or arm’s length transactions in the neighborhood peaked at $925,000 in 2007. Then again, $925,000 was also both the lowest and highest sale price in the neighborhood that year, as there was only one sale. There were two sales in 2010, one for $405,000 and the other for $537,500. Individual prices peaked with a sale for $1,700,000 in July 2005.

http://blogs.palmbeachpost.com/realtime/2011/04/20/neighborhood-profile-median-market-value-down-497-percent-from-2006-peak-in-boynton-beachs-boynton-isles/ - 60k -

 
Comment by Professor Bear
2011-04-24 06:41:09

This sounds to me more like a description of criminal malfeasance by the pension managers than of ‘poor investment decisions,’ but then what do I know?

Pension crisis: Poor investment decisions are to blame
By Vladimir Kogan
Sunday, April 24, 2011 at midnight

San Diego faces a serious financial crisis. There is little doubt that employee benefits – a large and growing part of the city’s budget – are at the heart of the crisis, although the ongoing campaign to demonize city workers and their unions fundamentally misrepresents the origins of the problem.

The billion-dollar deficits in the city’s pension and health care plans can largely be explained by three critical decisions made by public officials over the past three decades. All three were designed to deliver voters the public services they demanded without asking them to pay higher taxes. City unions played a supporting role in this drama, but they were hardly the leading actors.

The city of San Diego’s retirement system has, in recent decades, abandoned its historic practice of investing taxpayers’ money in fixed-income securities and has instead pursued higher yield – but higher risk – investments. For most of this period, the gamble paid off. During the 1980s and 1990s, robust returns allowed city officials to imprudently divert “surplus earnings” from the pension system, freeing up additional money in the budget. This helped San Diego to take on significant new liabilities – hosting the 1996 Republican National Convention, expanding the convention center and building Petco Park – without raising taxes or reducing service levels.

The downside was made clear after the dot-com bust and the recent mortgage financing meltdown. In 2008 alone, the pension system suffered $1 billion in investment losses, wiping out one-fifth of its assets. As a result, the city’s pension payment has grown dramatically to offset these losses.

Investment losses, which account for the majority of the city’s current pension liability, were made worse by years of systematic underfunding. Beginning in 1996, San Diego leaders convinced the retirement system to allow the city to use money destined for the pension system to instead close the gap in the city budget. To convince the pension board, controlled by public unions, to go along, the city promised employees retroactive benefit increases. Although these increases contribute to our current challenges, they represent only a fraction of the city’s pension liability.

Comment by Hwy50ina49Dodge
2011-04-24 09:02:47

The city of San Diego’s retirement system has, in recent decades, abandoned its historic practice of investing taxpayers’ money in fixed-income securities and has instead pursued higher yield – but higher risk – investments.

Ho ho, hah hah, hehehehehehe, BwaHaHaAhHAHAHAHAHAHA!!! (Cantankerous Intellectual Bomb-thrower™)

“TrueFinancialCult™” + “TrueFinancialInnovation™” + Robert “Bob” Citron (OC county assessor with “dementia-on-the-job”) =

“The O.C.!” Billion dollar$$$$$$$$$$$ bankruptcy circa 1991. ;-)

(But come to think of it, that was an “isolated-incident” in America and also that was what? ages & ages, ago…America Inc. has learned so much since then.)

 
Comment by Happy2bHeard
2011-04-24 21:03:03

IMHO, one of the biggest problems with saving a big pile of money for retirement is that it then becomes a target for scammers. This applies to SS, pensions, 401Ks, lottery winnings. Wherever there is a pile of money, someone will be looking to ‘put it to work’.

 
 
Comment by Professor Bear
2011-04-24 06:49:17

Apr 20th 2011 at 11:30AM
11 Prices That Will Rise Along With Your Gas
Sarah Gilbert

“Uggh,” tweeted a friend of mine Monday. “I just spent $74 to fill up my tank.” With my car-free lifestyle, I’ve been feeling a little smug lately — it sure is nice to avoid those kind of receipts. But then I watched a big truck rumble past my front window filled with food pallets destined for Trader Joe’s, and I started thinking about all the other things whose prices will go up in step with the $4-a-gallon gas.

Transportation costs may not have immediate effects on the prices of other goods, but as they start to build up and the trucking companies’ hedges expire, everything gets more expensive.

Here are 11 prices that are sure to rise along with the price of gas:

Air travel is, of course, thing number one.

Fast food.

Bananas and potatoes and tomatoes, oh my.

Stamps for postcards and packages.

Beef and bacon.

Coffee.

Orange juice.

Chocolate.

Comment by palmetto
2011-04-24 07:20:44

Coffee!!! OH, NO, NOT THE COFFEEEEEEEEEEE!

Comment by mikeinbend
2011-04-24 07:37:33

When are grocery stores gonna start doing short sales? Customer walks up wishing to buy pound of coffee; cashier tells customer that the $10 price on the coffee is a “short sale price”; and needs to call the manager to see if the customer’s offer to pay the listed $10 will fly.
Manager says sorry, your offer was rejected; do you wish to make a higher one?
Customer storms out mumbling…

Waiting for realtors to catch on to the fact that there is no limit to how low they can go. They certainly are not bound by ethics when it comes to doing whatever to generate interest on a stale overpriced listing. House for sale $1.00; short sale; great price! But the UHS knows that the bank will likely take no less than 150k.
UHS does not know exactly what the clearing price will be; so why not offer it for $1.00? Is that any worse than asking 100k when the bank won’t take a penny less than 150k? Bidding wars would ensue and that is a UHS dream! Maybe not in Detroit where they really are a dollar in some cases.

Short sales do not an honest profession make. (when the price ain’t the price, and a “full price” offer may well not be enough). This practice seems fraudulent and contrary to true price discovery.

Why does the bank not set the price in case of a short sale so at least buyers dont waste their time on short sale offers that are not gonna fly?

Comment by Happy2bHeard
2011-04-24 21:05:31

Like an auction with a reserve price, I think they want to generate bidding before tipping their hand.

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Comment by Muggy
2011-04-24 10:57:29

“Coffee!!! OH, NO, NOT THE COFFEEEEEEEEEEE!”

WE’RE ALL GONNA DIE!!

*Knocks over old lady, jumpkicks Easter bunny, dives head first through window…

Comment by SUGuy
2011-04-24 13:55:15

You can always switch to Tea. It tastes great and has antioxidants :)

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Comment by drumminj
2011-04-24 14:26:37

or brawndo. It’s got what plants crave!

 
Comment by alpha-sloth
2011-04-24 14:27:30

Green in the morning, iced oolong in the afternoon.

 
 
 
 
Comment by liz pendens
2011-04-24 07:30:00

Gas. You left out gasoline. It costs more to distribute the fuel.

 
Comment by albuquerquedan
2011-04-24 07:36:08

And if this possible war between Iran and Saudi Arabia comes to pass or even disruptions in Saudi Arabia, we could see $300 a barrel oil or close to $10 a gallon gas:

http://www.washingtonpost.com/world/bahrain-crackdown-fueling-tensions-between-iran-saudi-arabia/2011/04/21/AFVe6WPE_story_1.html

P.S. I notice that the Obama administration is no longer bragging about its role in the events in Egypt. You have to give it to Iran, they got Bush II to take out Saddam for them and Obama to take out Mubarak. Now, Saudi Arabia stands alone against them. This could get real interesting. I would not be shorting oil, gold and silver right now.

Comment by oxide
2011-04-24 09:09:24

How did Obama take out Mubarak?

Comment by palmetto
2011-04-24 09:31:24

Very carefully.

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Comment by albuquerquedan
2011-04-24 09:38:04

They worked with google. They were bragging about it prior to oil prices shooting through the roof. They made it clear to the military that they would not be supported if they supported Mubarak. How could you miss all the stories?

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Comment by albuquerquedan
2011-04-24 09:46:12

Here is just one example: http://www.google.com/hostednews/afp/article/ALeqM5jteZtSjlFCCToX16gIiHZsCaf7Fw?docId%3DCNG.b31639fa6d87c5c3f1e98f48717cb3b9.481

BTW, you could just look at my previous posts. I predicted that Obama’s policies would just lead to a rise in Islamists and an much higher oil prices. It is not like I am trying to pin this on him after the fact. I said exactly what would happen and it is happening. Got to go, will try to post later in the day but just google Egypt and coptic christians and tell me if human rights have improved in Egypt. BTW, when the google executive that helped organise the revoulution tried to speak he was stoned. Useful idiots.

 
Comment by roger
2011-04-24 11:01:26

Celebrating Easter in China suspicious activity

 
Comment by alpha-sloth
2011-04-24 14:40:34

“Here is just one example: ”

There’s no example there that even remotely proves what you’re saying. The link reports that Obama is encouraging Mubarek to ‘do the right thing’ and step down, but stopping well short of demanding it, lest America be seen as interfering. So what the heck does that prove?

And do you really think that Obama is behind, or somehow responsible for, the rise of the Arab world against its tyrants? How?

 
 
 
 
Comment by combotechie
2011-04-24 08:06:20

If people are going to spend more money for higher gas prices and things that are related to higher gas prices, and their income is fixed or (gasp) declining then they are going to have less money to spend on everything else.

There are a lot of jobs associated with people spending money on “everything else”. If money is not available to spend on everything else then the number of hours now spent doing these everything else jobs - and maybe the everything else jobs themselves - are going to go bye-bye.

Comment by In Colorado
2011-04-24 12:03:36

There are a lot of jobs associated with people spending money on “everything else”.

Aren’t most of those jobs in Asia? Unless someone started making flat panels, PCs, iToys, mobile phones, shoes, clothes, toys, small appliances, cheap furniture, stereos, etc, in the USA?

 
 
 
Comment by jeff saturday
2011-04-24 07:10:02

Home-selling tactics to beat the deadbeats
By Scott Van Voorhis • Bankrate.com

The robosigning controversy has led to a slowdown in foreclosures. The lull is likely to be temporary and sellers’ advantage from a drop in foreclosures potentially fleeting, with many markets still flooded with distressed properties, according to Katie Curnutte, a spokeswoman for Zillow.com. There might even be a boomerang effect later in the year after banks get back up to full speed again with auctions, she says.

For home sellers, here are some tips on how to seize the initiative during a rare (relative) lull in the foreclosure crisis.

Sell sooner rather than later

Get your story out

Do your homework

Price aggressively without undercutting foreclosures

The aim is to sell your home and maybe come away with a small gain. Forget about making a killing. Few homeowners who are current on their mortgage can match a foreclosure price.

But buyers are still looking for low prices. Take a look at what other nondistressed properties are selling for in your neighborhood and then price below them. And drive home the point that the price is the price — with foreclosures the bank can take a better offer right up to the day of the closing, Weintraub says.

Burst those foreclosure fantasies

Many buyers haven’t a clue about what it takes to buy a foreclosed home. In many cases, individual buyers don’t stand a chance as they end up competing with investors ready to pay cash, Kimmons says.

If a buyer or agent doesn’t know this, enlighten him or her. “There is a significant percentage of buyers (that) could not buy a foreclosure if they wanted to,” Kimmons says.

http://www.bankrate.com/finance/real-estate/home-selling-tactics-to-beat-the-deadbeats-1.aspx - 70k -

Comment by Kim
2011-04-24 12:15:18

“You can bet savvy buyers these days are going to come in with a stack of comps, many of them rock-bottom foreclosures. Provide your own market analysis… The first report should be comparable homes sold in the last few months, with foreclosures broken out separately if mentioned at all”

A dose of hopium?

 
 
Comment by Professor Bear
2011-04-24 07:21:11

The more footage I view from this tornado, the more miraculous it seems that nobody was seriously injured or killed. It basically hit the St Louis airport dead on, as corroborated by the security camera videos from inside the airport.

Tornado Cleanup Starts In St. Louis Area
by The Associated Press
April 24, 2011

Debris from splintered homes covered the ground in neighborhoods around St. Louis, while topped trees and overturned cars littered lawns and driveways. From the air, one home looked like a dollhouse that had had its roof lifted off. Looking down, the dining room table and other contents could be seen, damp in lingering rain.

Amid such damage, officials appeared awed that a tornado that roared through the area Friday night, striking the airport and several nearby suburbs, hadn’t seriously injured anyone.

“It almost feels like a little bit of divine intervention when you look at the devastation,” said Gov. Jay Nixon, who flew over the area to survey the damage.

Scott Truett, a National Weather Service meteorologist, said it was possible that a tornado that touched down near the St. Charles County town of New Melle was the one that ripped into the airport and apparently other parts of St. Louis County. If that was the case, the tornado sustained itself for roughly 30 miles.

Truett said the twister followed the same track as one that tore up the area in January 1967, when one with winds of up to 200 mph ripped a 21-mile-long path of destruction across St. Louis County. That tornado stayed on the ground for roughly 35 minutes, leaving an estimated $15 million damage and killing three people.

Comment by Professor Bear
2011-04-24 12:11:13

Double whammy: Home that faced the prospect of soon getting sold in a depressed real estate market instead gets leveled by tornado. This brings to mind another good reason not to buy a home: If a disaster strikes, you are likely to lose money.

EF-4 tornado devastates neighborhood
April 24, 2011

Meteorologist Mike Seidel is in Bridgeton, Missouri. This neighborhood just northwest of Lambert-St. Louis International Airport, suffered damage from an EF-4 tornado Friday night. Its estimated winds were between 166-200mph.

Comment by Professor Bear
2011-04-24 15:18:42

“…soon getting sold…”

Slight clarification: The story says the home already sold, but the closing was pending. So the buyer dodged the bullet; too bad for the seller.

My point about the downside of owning a home in a disaster zone still stands. And it is applicable to many parts of the U.S. where people want to live, including CA, the Pacific Northwest, the Gulf Coast states, and anywhere in tornado alley (including St Louis).

 
 
 
Comment by Professor Bear
2011-04-24 07:25:16

Toxic mortgage bagholder identification process continues…

Was this outcome one of the intended consequences of the Fed’s shotgun marriage of BOA to Countrywide?

Bloomberg
Bank of America Dismissed From Countrywide Securities Suit
April 23, 2011, 4:39 PM EDT
By Edvard Pettersson

(Updates with bank spokeswoman’s comment in eighth paragraph.)

April 23 (Bloomberg) — Bank of America Corp. was dismissed from a lawsuit brought by investors who bought mortgage-backed securities sold by Countrywide Financial Corp., the home lender Bank of America acquired in 2008.

U.S. District Judge Mariana Pfaelzer granted Bank of America’s request to dismiss the claim against it on grounds that it can’t be held liable for actions of a unit, according to an April 20 order filed in Los Angeles.

The investors failed to show that two separate transactions in 2008, whereby Bank of America, through a subsidiary, acquired and transferred the Countrywide assets, were a “de facto” merger, Pfaelzer said.

The judge had dismissed the lawsuit in November, saying the investors didn’t sufficiently demonstrate they suffered an injury for the securities they bought, and that the statute of limitations had expired for some claims. The judge allowed the plaintiffs to file an amended complaint to address these failings before she would rule on Bank of America’s Aug. 20 request to dismiss it from the complaint.

Bank of America said in its Augu. 20 filing that Countrywide remained a separate, wholly owned subsidiary of the bank and that, as a parent company, it can’t be held liable for the mortgage lender’s alleged wrongdoing.

Comment by liz pendens
2011-04-24 07:33:12

“Bank of America said in its Augu. 20 filing that Countrywide remained a separate, wholly owned subsidiary of the bank and that, as a parent company, it can’t be held liable for the mortgage lender’s alleged wrongdoing.”

However BofA is entitled to book any and all paper “profits” associated with the deal. Its only fair.

Comment by Professor Bear
2011-04-24 07:40:15

‘However BofA is entitled to book any and all paper “profits” associated with the deal.’

Squid pro quo…

 
Comment by ecofeco
2011-04-24 14:43:15

Thank god BofIndia doesn’t want something for nothing.

Oh wait…

 
 
 
Comment by Professor Bear
2011-04-24 07:29:02

Bloomberg
JPMorgan Settles Military Mortgage Suits for $56 Million
April 21, 2011, 4:49 PM EDT
By Jef Feeley

(Updates with veterans advisory council in 15th paragraph.)

April 21 (Bloomberg) — JPMorgan Chase & Co., one of the lenders criticized over improper foreclosures on military families’ homes, agreed to pay $56 million to settle claims it overcharged service members on their mortgages.

JPMorgan will pay $27 million in cash to about 6,000 active-duty military personnel who were overcharged on their mortgages, cut interest rates on soldiers’ home loans and return homes that were wrongfully foreclosed upon, according to settlement terms filed in federal court in Beaufort, South Carolina.

JPMorgan officials said three months ago that one of the bank’s units had made errors in the handling of mortgages covered by the Servicemembers Civil Relief Act. That law was enacted in 1942 to shield deployed military personnel from financial stress.

“We are sorry and regret the mistakes our firm made on mortgages for members of the military,” Frank Bisignano, a JPMorgan official appointed to oversee the company’s home- lending unit in February, said in an e-mailed statement. “We hold ourselves accountable and responsible for these mistakes.”

Comment by palmetto
2011-04-24 08:05:55

Put Jamie Dimon in a camouflage suit and parachute and drop him in the midst of Libya. Or Afghanistan. Whatever.

Comment by liz pendens
2011-04-24 08:43:49

As long as you don’t mess up his hair.

Comment by Professor Bear
2011-04-24 11:05:07

Maybe The Donald could start a new party and sign up Jamie Dimon as his running mate.

Suggested name: The Hair Party

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Comment by Hwy50ina49Dodge
2011-04-24 21:18:33

Suggested name: The Hair Party

Suggested Party Theme: “Hair-of-the-Dogs”

:-)

 
 
 
Comment by butters
2011-04-24 13:02:59

He got his stooges in Obama administration. Don’t be surprised Obama hires him for some position a la that GE guy.

 
 
Comment by ecofeco
2011-04-24 14:44:29

Hooray for the free market!

Oh wait…

 
 
Comment by Professor Bear
2011-04-24 07:41:56

Dumb questions of the day:

1. Has America been taken over by an illegal banking system?

2. If so, what are the potential remedies?

Comment by palmetto
2011-04-24 08:03:43

The US has been taken over by illegal everything, IMO. It’s over. There is no real rule of law anymore and without the basic agreements of a rule of law, there is no nation, so to speak. When banks and corps can do as they please, when a shadow gubmin creates wars all over the planet, when millions of non-citizens can reap the rewards from citizens, what is that? A turd world banana republic free-for-all, that’s what it is.

It’s over. RIP, USA. Get used to it.

Comment by In Colorado
2011-04-24 09:32:39

Sadly, I agree with you.

 
 
Comment by SV guy
2011-04-24 08:31:53

1. Yes.

2. Step #1, end the FED.

 
Comment by liz pendens
2011-04-24 08:57:51

1. Duh.

2. If you worked for a megabank during the period of the last decade you are now required to report to the nearest penitentiary for work-crew assignment and orange jumpsuit fitment. If you maintained any type of government legistation or policy-making postition your presence is also requested.

That would be a good start.

 
Comment by CarrieAnn
2011-04-24 09:03:07

All we have to do is unplug from their credit system in numbers of critical mass.

But that will never happen. The Armageddon people are more ready to take this step than the rest of us. But they’re too small a group. I wrote a long explanation but it all boils down to people won’t risk the semi comfortable status quo even with its diminishing returns for what feels like a Panadora’s box. Not even most of us.

Oh no, most of us will wait for a savior and then write a check to said savior or forward a post or e-mail regarding said savior, pull a lever on voting day and that’s really the end of it.

And they know it.

Comment by drumminj
2011-04-24 09:26:26

All we have to do is unplug from their credit system in numbers of critical mass.

But that will never happen.

Agreed. Even people here can’t give up the notion of using credit cards (and thus supporting the banks) even if they don’t carry a balance.

(yes, I know CCs are required for some things - car rental and such).

If those who don’t “need” it can’t even stop empowering the banks, how can we possibly expect those who do to take action?

Comment by ecofeco
2011-04-24 14:46:45

It’s worse than that. Your credit rating has been used to determine hiring for decades.

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Comment by palmetto
2011-04-24 09:30:17

Problem with that is, it’s an unsustainable model. Yes, it’s been done for decades, but that doesn’t mean it can continue.

 
Comment by In Colorado
2011-04-24 12:05:03

pull a lever on voting day

I’ve never seen such a device. Must be an east coast thing.

 
Comment by butters
2011-04-24 12:53:07

Voting’s not gonna do it. There are 3 parties in USA; donkeys, rinos and status-quo. No matter who wins, status-quo will run the government. That’s the change I can believe in. Bush lied, people died. Obama lied and innocent people in Pahkiston and Libya unnecessarily died.

 
 
Comment by ecofeco
2011-04-24 14:49:22

1. Yes.

2. Only the usual historical one. Self destruction with much collateral damage.

 
 
Comment by Anon In DC
2011-04-24 07:45:51

My neighbor has a what I think is a crazy plan for reducing the national debt. He calls it strategic default. Tell bondholders that they will get 80% or 90% or some relatively high (over 75%) of their money. But too bad on the rest. He said that since the returned dollars will be worth more the treasury will still have no troubling rolling over the remaining debt or selling more.
I think he is nuts.

Comment by Professor Bear
2011-04-24 07:49:56

What’s the difference between this proposal and paying back the money with QE’d dollars, aside from the unpleasant political ramifications of explicit default? By way of comparison, if your neighbor decided to have a fling, would he come back to his wife and report the details?

 
 
Comment by skroodle
2011-04-24 08:28:50

Milwaukee homeowner paying on time, yet facing eviction


The problem: When Williams refinanced with Wauwatosa-based Central States in 2008, cutting his 12.5% interest rate nearly in half, Central States’ affiliate, Interim Funding LLC, didn’t pay off the original mortgage. Battered by the housing crisis, it took the proceeds from the refinancing and paid other lenders, said Stephen Kravit, attorney for Richard Jungen, a shareholder in Interim and founder of Central States.

Comment by ecofeco
2011-04-24 14:50:25

Damn FB!

Oh wait…

 
 
Comment by jeff saturday
2011-04-24 09:50:11

Florida wages at lowest level since the Great Depression

By Laura Green Palm Beach Post Staff Writer
Posted: 11:14 a.m. Sunday, April 24, 2011

Growth of wages in Florida, where pay already lags the nation, has nearly ground to a halt, reaching its lowest level since the Great Depression, according to the state Agency for Workforce Innovation.

And people who are laid off or fired in this recession are likely to suffer not only the loss of a job but the loss of salary stature when they finally return to work.

The fact that wages are growing at all might seem like good news in a recession, but economists say such statistics mask other problems.

“Generally, those that are less skilled, less educated, less experienced lose their jobs first, and those are people who are paid a lower wage,” said Rebecca Rust, chief economist at the state Agency for Workforce Innovation.

In other words, some lower-wage workers whose earnings bring down the average during the boom years aren’t figuring into the current numbers because they’re not working.

While wages grew in Florida by 4.6 percent or more between 2004 and 2006, increases began slowing in 2007. By 2009, they’d trickled to 1 percent, which is believed to be the lowest level in about 70 years.

Comment by palmetto
2011-04-24 10:18:28

“Generally, those that are less skilled, less educated, less experienced lose their jobs first, and those are people who are paid a lower wage,”

Unless you’re an illegal alien.

 
Comment by RioAmericanInBrasil
2011-04-24 10:32:38

Florida wages at lowest level since the Great Depression

How did this happen? When we did everything the money-grubbing supply-side, trickle down, corporatist goons told us to do? We did everything they told us would help us:

1: We were talked into de-regulating government regulation on business and we did it.

2: We were talked into off-shoring and we did it.

3: We were talked into globalization and we did it.

4. We were told the “free-markets” would raise our standards of living so we gutted worker’s rights and protections.

5. We lowered the taxes of corporations and the super rich to the lowest effective rates in history.

6. We bailed out the super-rich, banks and Wall-Street.

7. We let the supply-side, neo-con, un-American, subversive money whores dominate our politics and economics for 3 decades.

8. We busted unions like we were cracking wallnuts.

9. We didn’t allow even a public OPTION.

10. We sat back while the politically connected, super-rich waged decades of class-warfare against you, me and our kids.

We did everything the money-grubbing supply-side, trickle down, corporatist goon traitors told us to do.

Now that it did not work, who are they blaming?
And what do they want from us now?

Comment by In Colorado
2011-04-24 12:07:29

And what do they want from us now?

Indentured servitude? Debtor’s prison? Slavery?

Comment by Realtors Are Liars
2011-04-24 14:35:36

Someone here recently stated, “if you don’t think modern day slavery is in full force today, just take a look at the non-professional hourly worker”.

Think about it.

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Comment by alpha-sloth
2011-04-24 14:54:16

They’ll settle for ending social security and medicare and medicaid. And busting any unions that get us similar bennies.

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Comment by Hwy50ina49Dodge
2011-04-24 21:10:30

Now that it did not work, who are they blaming?

:-)

Yell!…Scream!…Holler!
Radiate your “TrueAnger™” Now! :

“Rand’s particular genius has always been her ability to turn upside down traditional hierarchies and recast the wealthy, the talented, and the powerful as the oppressed

heheeeheeeheehaahaaahaaheeehaahaaa… (Hwy50™)

“TrueBeliever’s™ / “TrueDeceiver’s™” “TrueHypocrite’s™” / “TruePurity™” / “TruePathtoProsperity™” ALWAYS need new blood disciple/advocates!. ;-)

 
 
Comment by ecofeco
2011-04-24 14:51:57

2 questions:

How many wars until it’s world war and how bad does it have to get before it’s no longer the “The Not a Depression Recession?”

 
 
Comment by rms
2011-04-24 10:38:37

I’ve noticed several national television syndicates such as CBS are hosting placating commercials from mega-bank touting their innocent role in supporting small town America and the family. Amazing what money can buy here.

Comment by Professor Bear
2011-04-24 11:01:20

Your bailout dollars hard at work in the banking public relations industry…

Comment by rms
2011-04-24 19:26:16

+1 PBear. They’re really high quality commercials. If one were fairly dull you might actually believe that JP Morgan Chase and/or Goldman Sachs provide the ground beneath our feet and the air we breathe.

 
 
 
Comment by Kim
2011-04-24 12:02:46

Happy Easter, HBBers!

The “Money and Real Estate” section of the Chicago Tribune was very light on “real estate” talk today. The “Business” section, however, had an article on how the market isn’t doing so well. Looks like they’re trying hard not to tick off those advertisers in the RE section.

 
Comment by Big V
2011-04-24 15:26:43

Today is my birthday. I love my birthday.

Comment by palmetto
2011-04-24 16:04:24

Happy Birthday, Big V, from da Big P.

 
Comment by Awaiting
2011-04-24 16:36:21

Big V
Happy Birthday to you.
Happy Birthday to you.
Happy Birthday, our very special Big V.
Happy Birthday to you.

Hope you enjoyed your own personal holiday. (Mine was on the 21st of April.)

 
 
Comment by Professor Bear
2011-04-24 16:12:06

A watched pot never boils.

Hong Kong
Stocks ready to slide?

Analyst says stocks, real estate likely to drop in the next two quarters as global tightening accelerates.

 
Comment by Professor Bear
2011-04-24 22:41:34

Toyota car production in Japan plummets 62.7 percent due to parts supply crunch after tsunami
By Associated Press, Monday, April 25, 1:01 AM

TOKYO — Toyota’s car production in Japan plummeted a staggering 62.7 percent in March due to a parts supply crunch following last month’s earthquake and tsunami.

Toyota Motor Corp., the world’s top-selling automaker last year, said Monday its domestic production in March was 129,491 vehicles. Toyota’s global production dropped 29.9 percent year-on-year to 542,465 vehicles for the month.

The magnitude-9.0 earthquake and tsunami on March 11 destroyed many factories in northeastern Japan, causing severe parts shortages for Toyota and other automakers.

The supply crunch forced Toyota to suspend production in Japan, resulting in a production loss of 260,000 cars so far. Toyota’s Japan sales in March tumbled 45 percent.

The auto giant said last week its car production will not return to normal until November or December, imperiling its spot as the world’s top-selling automaker.

Toyota sold 8.42 million vehicles last year, barely keeping its lead over a resurgent General Motors Co., which sold 8.39 million, thanks to booming sales in China.

 
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