March 17, 2014

Bits Bucket for March 17, 2014

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




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316 Comments »

Comment by Amy Hoax
2014-03-17 02:03:02

Renting is just throwing money away and paying your landlord’s mortgage.

Comment by Whac-A-Bubble™
2014-03-17 06:08:17

Renting is avoiding your landlord’s negative equity.

Comment by oxide
2014-03-17 06:53:35

News flash: LL’s will jack the rent even if the own the place outright, as my LL did. Do you really think I incurred ~$20K+ in maintenance in a year? Of course not. My rent was funneled straight to some shareholder’s pocket.

Compared to that, I am proud to be paying interest to a bank.

Comment by Housing Analyst
2014-03-17 07:39:37

More “there is no ceiling to shelter costs” right Mz. Craterton?

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Comment by the Central Scrutinizer
2014-03-17 08:13:06

“proud to be paying interest to a bank”

http://www.picpaste.com/IMG_20140308_103150_025-dM35uOAQ.jpg

HEE HAW!

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Comment by Blackhawk
2014-03-17 08:30:00

Oxide. They don’t want to understand. No problem, who says we all have to want the same thing. Their costs will continue to rise and only a few will be able to live like Bill.

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Comment by Housing Analyst
2014-03-17 09:02:00

That’s nice but;

Rental rates are half the cost of buying at current grossly inflated asking prices of resale housing.

 
Comment by Housing Analyst
2014-03-17 09:24:38

BTW….. You forgot to change usernames J_fraud blackhawk

 
Comment by Blackhawk
2014-03-17 09:41:16

Really?

My mortgage is less than $900 per month. Even with maintenance costs I’m ahead because someday my mortgage will be “paid in full”.

The point is that we all have different opportunities and different needs.

 
Comment by Housing Analyst
2014-03-17 09:43:48

That and a dollar will get you a cup of coffee around here Amy.

 
Comment by Blackhawk
2014-03-17 11:05:31

HA,

Your imagination would be funny if it wasn’t so tragic.

BH

 
Comment by Housing Analyst
2014-03-17 11:09:22

BS,

You can ditch your tainted usernames now. Along with that rapidly depreciating shack of yours.

 
 
Comment by Rental Watch
2014-03-17 09:01:48

Like any real estate, if there is a high vacancy rate, the tenants are in control. If there is a low vacancy rate, the landlords are in control.

Rent has nothing to do with cost of the landlord, it all has to do with supply/demand. If landlords are acting in their own best interest, if they can raise rents without sacrificing tenant quality (because sometimes it’s worth being below market if you have a tenant that demands little), they will.

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Comment by Blue Skye
2014-03-17 11:34:14

“I am proud to be paying interest to a bank.”

You’d have to really hate a landlord to hurt yourself like that over him. Some of us would have moved to another, probably cheaper rental.

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Comment by the Central Scrutinizer
2014-03-17 12:38:16

You forgot that’s unpossible in D.C.

Because “it’s different there”

 
 
 
Comment by LolaLOL
2014-03-17 07:12:57

Renting is not losing you a$$ to some crooks and losing your life to an albatross.

Now is not the time to buy. The FHA gave most buyers a 25 percent paycut.

Comment by JingleMale
2014-03-17 08:55:42

You must mean sellers, not buyers. Buyers now have an advantage……they cannot borrower as much!

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Comment by Captain Credit Crunch
2014-03-17 19:30:04

Hear hear! Although I agree that it’s the sellers who will suffer. The buyers just have a little less rope with which to hang themselves.

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Comment by Bill, just South of Irvine, CA
2014-03-17 07:33:26

1) Renting
2) non-marriage
3) staying debt free
4) living simple
5) saving
6) Taking advantage of better pay opportunities thousands of miles away because of item 1 above

The 6 pillars to early financial freedom

The key to serfdom? Following the realtor lobby’s rules: Borrow to pay for a depreciating shack, have lots of kids when young, marry, divorce (and give up half your wealth to your ex and her new husband)…

IOW serfdom is following the advice of Amy the Hoaxster

Comment by the Central Scrutinizer
2014-03-17 08:03:02

By adhering to the Six Commandments of the Church of Bill, I now have so much money left over after throwing money away on rent every month that I don’t know where to throw it.

“Even if I fell, I land on a bunch of money” — Jay Z

“So much cash, gotta keep it in Hefty bags” — Ice T

“Cash rules everything around me” — Wutang Clan

Comment by Bill, just south of Irvine
2014-03-17 12:25:28

Exactly!

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Comment by Muggy
2014-03-17 15:55:44

“I been spending hundreds since they had small faces.” - Jermaine Dupri

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Comment by rms
2014-03-17 17:47:10

Recall that $1-million is a rounding error at Microsoft.

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Comment by HBB_Rocks
2014-03-17 08:29:51

So what’s your endgame Bill, if you don’t mind me asking. It doesn’t require millions of dollars in savings to live the life you want, and if you are already in your ’50s, you aren’t aiming for early retirement. So are you going to go baller at 65 and buy a few Ferraris or something? Lord it over some charity? Do you work for its own sake - ie you like what you do and that’s your legacy?

I’m with you on your methods, but honestly, I wouldn’t waste my time saving if I didn’t have kids with future bs to pay for.

Comment by Housing Analyst
2014-03-17 08:44:28

“I wouldn’t waste my time saving if I didn’t have kids with future bs to pay for.”

Then don’t. And when you’ve got nothing and you need something, don’t come knocking at Bill’s door.

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Comment by Albuquerquedan
2014-03-17 10:01:57

Then don’t. And when you’ve got nothing and you need something, don’t come knocking at Bill’s door.

No, the plan for debt donkeys is to get government to come knocking at Bill’s door. The modern day parable about the grasshopper and the ant is to have government tax the ant to provide for the grasshopper in the winter.

 
Comment by Housing Analyst
2014-03-17 10:17:50

Btw…… OurGang pimps are busy today.

 
Comment by HBB_Rocks
2014-03-17 11:32:24

Who needs excess money (from the government or otherwise) to hike and drive a Civic? Consumerism is a choice that Bill has spent many years rejecting.

It’s telling that the usual cadre of idiots have no answer that doesn’t basically involve them becoming kings of the world whenever the crash occurs. They are just the other side of the asshole coin.

 
 
Comment by Bill, just south of Irvine
2014-03-17 12:15:40

My end game is to follow the climate. VIGO on the California beach 4 months out of the year. Scottsdale 8 months out of the year.

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Comment by Bill, just south of Irvine
2014-03-17 12:26:41

VRBO

 
 
Comment by Bill, just south of Irvine
2014-03-17 12:23:50

When I was a teenager, my dreams did not involve being a father. My dreams of my future involved me being outdoors, snow skiing the Sierra Nevada or hanging out at any California beach north of Santa Barbara. And driving a Porsche.

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Comment by alpine squad task force
2014-03-17 13:35:42

Cost of Porsche minus cost of Honda = more savings and more skiing.

Specifically, inbounds: Loveland, Arapaho Basin, Winter Park, Monarch, Crested Butte; and backcountry: Rocky Mountain National Forest, Lost Creek Wilderness, San Isabel National Forest…

 
Comment by alpine squad task force
2014-03-17 13:56:20

Rocky Mountain National Forest = Rocky Mountain National Park.

That’s my rented backyard to play in. I pay $40 of annual rent to Uncle Sugar and I get thousands of acres of backyard and hundreds of miles of trails (which are mostly empty, most tourists never hike in more than a mile from the road).

Meanwhile, the Debt Donkeys are drowning with the payments on their $500,000 starter homes in Broomfield or Highlands Ranch, and can’t afford the gas to drive up to RMNP. But at least they can paint the walls any color they want!

 
Comment by Captain Credit Crunch
2014-03-17 19:33:03

Hey Bill. You might remember in 2009 I bought a 911 Turbo. Still have it. Love it! Had one bad bit of engine work made worse by a bad mechanic, but she’s running great now. Lots o’ bucks but still a great amount of road trip fun with the missus.

 
Comment by Bill, just South of Irvine, CA
2014-03-17 19:37:14

Actually at my age I would be better off in a CLS 63 AMG. But I look younger than my age. My vision is just not sharp and I hope to get a good update on my prescription for better driving.

I drive my little Toyota very deftly through the I-5 and 405 traffic the 4 mile freeway stretch to work as it is. People think by appearance my car is slow. But I know how to use that overdrive.

 
Comment by Housing Analyst
2014-03-17 19:54:59

A realtor in a Porsche. Typical.

 
Comment by Bill, just South of Irvine, CA
2014-03-17 20:20:19

CCR yes I do remember you mentioning a few years back you were getting a Porsche.

Funny I remember in 1990 I was a $30k millionaire looking at new 911s that were selling off the lot for $50,000 minimum. Now 24 years later they are perhaps $90,000, however my net worth these days is many multiples of $30k. So it does go to show that buying a Porsche is out of love of the car, not for an investment.

 
 
Comment by Bill, just south of Irvine
2014-03-17 12:29:54

AB, this ant is privately stacking precious metals and wines

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Comment by oxide
2014-03-17 13:08:07

“privately” ???

 
Comment by Albuquerquedan
2014-03-17 13:16:01

Oxide, are you saying that the NSA knows who we are?

 
Comment by Ol'Bubba
2014-03-17 15:50:59

Bill keeps his precious metals in the pantry behind the oatmeal.

 
Comment by Albuquerquedan
2014-03-17 15:55:57

O’ Bubba I did not know you work for the NSA. Are you in Utah?

 
Comment by Ol'Bubba
2014-03-17 18:35:17

Nah. Everyone knows Bill hides his PM stash behind the oatmeal.

 
 
 
 
Comment by Amy Hoax
Comment by Housing Analyst
2014-03-17 14:37:05

Jfraudster
P

 
Comment by phony scandals
2014-03-17 15:58:11

Very nice Sandy.

 
Comment by Rental Watch
2014-03-17 16:58:50

I got such a letter this weekend…I simply tore it up. No desire what-so-ever to sell/move.

Comment by Housing Analyst
2014-03-17 17:09:08

Maybe you should rethink that one given the premium you paid.

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Comment by RioAmericanInBrasil
2014-03-17 18:15:08

I got such a letter this weekend…I simply tore it up. No desire what-so-ever to sell/move.

We get people almost every month buzzing our gate intercom asking if we want to sell.

Rio being in a bubble does not change the current facts. I had no idea a bubble would form here. Who’d of thunk it in 07-08? It seems like yesterday and also a lifetime ago.

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Comment by Housing Analyst
2014-03-17 18:56:30

It’s good to hear you’re locked behind a gate at night Lola.

How long you in the half-way house?

 
 
 
Comment by Puggs
2014-03-17 21:20:46

Aim!!!

 
 
Comment by Whac-A-Bubble™
2014-03-17 14:09:37

March 17, 2014, 12:28 p.m. EDT
How to get the house you want even if it’s not for sale
How homeowners should react to unsolicited offers on their home
By Amy Hoak, MarketWatch

Some buyers are getting creative when low inventory levels threaten to crush their home-buying dreams: They’re writing letters to homeowners, asking if they’d be interested in selling.

That’s what Will and Jung O’Donnell did last year.

After unsuccessfully searching for a home in San Francisco for months, they switched real-estate agents. Their new agent helped them find listings that expired years ago — including the one they’d eventually buy. The agent then presented the owner with a letter of interest from the couple.

The O’Donnells are now happily living in their Lower Pacific Heights home.

Hey, if you don’t ask, you’ll never know, right?

But for those on the other side of the transaction, the homeowners, getting an unsolicited offer for your home can feel a little strange. Maybe even a bit creepy.

“Nine out of 10 [homeowners] will say ‘Thanks, but no thanks,’” said Brendon DeSimone, real-estate expert for the website Zillow, and an agent licensed in California and New York.

Comment by rms
2014-03-17 18:08:57

Do it for the squirrels.

 
Comment by Bill, just South of Irvine, CA
2014-03-17 19:30:04

It makes me laugh hysterically when I read articles about people who would hop, skip, and jump to be able to become debt slave dunces!

 
 
 
Comment by Housing Analyst
2014-03-17 02:32:48

“Chasing the illusion of ownership with the fruits of your productivity is slavery.

There is nothing worse than being a slave to a mortgage an house.

Comment by Bill, just South of Irvine, CA
2014-03-17 07:09:37

That’s the way to say it! Awesome!

Comment by the Central Scrutinizer
2014-03-17 07:12:37

Geographic mobility is one of the greatest “assets” a young person can own.

Comment by Bill, just South of Irvine, CA
2014-03-17 07:28:50

Exactly right. Mobility is the key to freedom in an unfree world full of “Patriot acts,” taxes, “progressive”-tards and NSA spying.

Your ship won’t move unless you jettison the junk. Your ship otherwise stays in the harbor and that makes it easy to plunder from the locals.

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Comment by AZtoORtoCOtoOR
2014-03-17 11:11:03

“There is nothing worse than being a slave to a mortgage an house.”

Even when you own the house outright it still is slavery.

Comment by rms
2014-03-17 11:44:06

“Even when you own the house outright it still is slavery.”

+1 Every bill sent to a property owner is a lien; see the fine print.

Comment by Bill, just south of Irvine
2014-03-17 12:43:27

Part of the same thread as “property rights” this weekend. You own the rights and the government owns the RE!

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Comment by JingleMale
2014-03-17 03:57:49

Visiting LA this weekend. Santa Monica. Apartment rents $2.50/SF/Mon. $30/SF/year. No vacancy. Except for Whitey Bulger’s place.

There is no Applebee’s, but the restaurant wait times are 30-40 minutes! Pretty amazing place to visit.

Comment by JingleMale
2014-03-17 04:03:09

Just think….HA could recover 100% of his construction cost after collecting 18 months of rent. Oh wait, I said “think”….never mind. HA!

Comment by polly
2014-03-17 04:29:53

Don’t be silly. Barstow is totally commutable to Santa Monica. Or Las Vegas.

;)

Comment by JingleMale
2014-03-17 04:32:58

HA +1

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Comment by LolaLOL
2014-03-17 07:16:14

And Santa Monica prices are relevant to what? Certainly not America.

(Say hi to the heroin addicts down by the pier).

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Comment by Albuquerquedan
2014-03-17 07:34:31

Thanks to illegals that black tar heroin is very affordable.

 
 
 
 
Comment by Housing Analyst
2014-03-17 04:35:06

How’s dominating the blog working out for you?

Comment by JingleMale
2014-03-17 05:59:24

HA +2.

Comment by Housing Analyst
2014-03-17 06:54:16

That’s what I thought.

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Comment by JingleMale
2014-03-17 08:01:26

You think? HA +3!

 
Comment by Housing Analyst
2014-03-17 08:13:13

Well “general contractor”?

 
 
 
 
Comment by Albuquerquedan
2014-03-17 06:54:27

It is the end of Rte 66. It is ironic at the end of such an iconic American road, is the People’s Republic of Santa Monica. Nice place to visit, but I would not want a business there.

Comment by scdave
2014-03-17 07:43:45

Nice place to visit ??

If its a nice place to visit why isn’t it a nice place to live ??

Comment by Albuquerquedan
2014-03-17 07:48:53

High costs, intrusive government, dealing with freaks on a daily basis. I like to visit isolated rural areas too. However, I would not like to live in such areas. There is nothing inconsistent in saying some place is a nice place to visit but not an ideal place to work or visit.

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Comment by Albuquerquedan
2014-03-17 07:53:57

BTW, what I like about Santa Monica is its history and its natural beauty. The Rte 66 era was very interesting. Of course, I like the natural beauty of the coast which was the reason the City first developed. However, I do not like changes caused by the politics of the area.

 
 
Comment by LolaLOL
2014-03-17 08:14:48

On vacations you normally aren’t going to the same place rush hour commuters are. And you don’t have to be at your destination until after the commute passes.

Plus you are usually visiting the nicer areas of wherever it is. It’s the difference between visiting Rio and having to live in Lola’s Mango hut.

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Comment by Bill, just South of Irvine, CA
2014-03-17 07:10:57

That is a bargain rental price compared to the prices of SFHs for home moaners there in SM.

 
 
Comment by JingleMale
2014-03-17 04:31:30

http://www.trulia.com/trends/2013/12/housing-predictions-2014/

Trulia Housing Trends for 2014. Market Normalcy is the watch word.

Comment by Housing Analyst
2014-03-17 05:31:15

Rremember. Trulia is a NARscum affiliated outfit.

 
Comment by Kidbuck
2014-03-17 05:34:50

“Prices wii rise higher than both incomes and rents.”
I will simply raise my income wishing price to keep pace with the wishing house prices.

Comment by Bill, just South of Irvine, CA
2014-03-17 07:12:10

Ding Ding Ding! A winner!

 
Comment by rms
2014-03-17 07:15:56

“I will simply raise my income wishing price to keep pace with the wishing house prices.”

Sounds exactly like Countrywide’s “chop-shop” editing room.

Comment by Albuquerquedan
2014-03-17 07:32:20

I think we need more transparency on what is really happening. I think we need to bring back indentured servants. The banks give you x amount of money to buy a home and you agree to work for nothing for x amount of years to the employer of their choice. It was at least a truthful arrangement.

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Comment by Whac-A-Bubble™
2014-03-17 06:09:46

“Market Normalcy”

Realtorspeak®

 
Comment by Whac-A-Bubble™
2014-03-17 06:12:55

Housing prices surpass bubble peak in some Southland ZIP Codes
Most are in the San Gabriel Valley or on the Westside, markets driven by Asian buyers and the tech industry. Still, many areas remain well below their pre-recession highs.
A dozen ZIP codes have now passed their peaks during the housing bubble. (Anne Cusack / Los Angeles Times / March 9, 2014)
By Andrew Khouri
March 12, 2014, 5:00 a.m.

In some corners of the Southland, it’s as if the housing crash never happened.

Home prices in a dozen Southern California ZIP Codes have passed their peaks during the housing bubble, according to research firm DataQuick. Most are either in the San Gabriel Valley, a magnet for buyers from Asia, or on the Westside, where the technology industry is booming.

Across the region, home prices remain far below their peaks despite an explosive run-up in the first half of 2013. But nominal prices in some affluent neighborhoods have entered uncharted waters.

The return of bubble-era pricing could foreshadow a spillover effect, experts said. As buyers get priced out of prime areas, they may look to adjacent neighborhoods — juicing demand there and pushing up prices.

“A lot of the action is at the higher end of the market,” said Christopher Thornberg, founding partner at Beacon Economics. “That is what is driving the show.”

 
Comment by Whac-A-Bubble™
2014-03-17 06:17:38

Luckily the U.S. housing market is decoupled from Wall Street, just as it was in the 2007-2008 financial episode. Otherwise the spillover from Wall Street into housing could get ugly.

World Markets Weekend Update:
Worst Week in Two Calendar Years
By Doug Short
March 16, 2014

At Friday’s close the eight markets on my world watch list turned in their worst collective weekly average of the past two calendar years, an eye-opening -3.19%. The second worse was the -2.59% average on June 18, 2013. All eight posted losses for the week, with the Mumbai SENSEX down the least at -0.50%. The S&P 500 was a distant second at -1.97%. Japan’s Nikkei was the biggest loser at -6.20%.

The Shanghai Composite remains the only index on the watch list in bear territory — the traditional designation for a 20% decline from an interim high. See the table inset (lower right) in the chart below. The index is down 42.26% from its interim high of August 2009. At the other end, the BSE SENSEX closed the week only 0.57% off its record high.

Comment by scdave
2014-03-17 07:53:57

Futures up 165 pts….

 
 
Comment by LolaLOL
2014-03-17 07:19:19

Thanks Realtor. Posting a lot, must not be getting much real work.

 
Comment by Whac-A-Bubble™
2014-03-17 07:46:28

March 17, 2014, 10:31 a.m. EDT
Home builders still pessimistic this month
By Ruth Mantell, MarketWatch

WASHINGTON (MarketWatch) — A gauge of confidence among U.S. home builders ticked up this month but remained close to its lowest level since May 2013, signaling that builders, generally, are pessimistic about sales trends, according to data released Monday.

The National Association of Home Builders/Wells Fargo housing-market index rose one point to 47 this month.

Builders continued to be affected by poor weather and difficulties in finding lots and labor,” said Kevin Kelly, NAHB’s chairman.

 
 
Comment by jose canusi
2014-03-17 04:52:39
Comment by the Central Scrutinizer
2014-03-17 05:54:54

dianne feinstein belongs in prison.

Comment by Bill, just South of Irvine, CA
2014-03-17 07:20:27

Feinstein should be in prison for life.

Comment by Albuquerquedan
2014-03-17 07:23:43

Will she be gay for the stay?

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Comment by scdave
2014-03-17 07:55:40

Feinstein should be in prison for life ??

Yep, right along side of Bush & Cheney….

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Comment by Albuquerquedan
2014-03-17 08:04:13

Fine we have a deal.

 
Comment by Bill, just south of Irvine
2014-03-17 12:20:44

Yep, right along side of Bush & Cheney….

We have a deal if you add Obamao

 
Comment by Albuquerquedan
2014-03-17 12:31:58

I would be willing to throw in Bush I to make that deal.

 
Comment by reedalberger
2014-03-17 13:25:15

I say we just throw all Democrat and Republican progressives in prison.

 
 
 
 
 
Comment by jose canusi
Comment by Blackhawk
2014-03-17 05:28:05

Do any of us really care what anyone is doing in their own privacy?

How can they have a St Patty’s Day parade without beer?

What a day this is starting out to be. No Big Bang Theory and now no St Patty’s day parade. UGH.

 
Comment by LolaLOL
2014-03-17 07:22:57

We need an HBB St. Patrick equivalent, to chase the snakes off this blog.

Jingle, put that coffee down. Coffee is for closers only.

 
Comment by 2banana
2014-03-17 10:05:20

The Real History of St Patrick.

Note: It has nothing to do with beer, snakes or parades.

And St Patrick was not even Irish. But he was enslaved by the Irish.

St Patrick was an amazing, compassionate and brave man full of love.

Too bad 99% of all Irish-American have no clue.

———————-

St. Patrick was born in Roman Britain. Patrick, however, was not an active believer. According to the Confession of St. Patrick, at the age of just sixteen Patrick was captured by a group of Irish pirates.[34] The raiders brought Patrick to Ireland where he was enslaved and held captive for six years.

Patrick writes in The Confession[34] that the time he spent in captivity was critical to his spiritual development. He explains that the Lord had mercy on his youth and ignorance, and afforded him the opportunity to be forgiven of his sins and converted to Christianity. While in captivity, Saint Patrick worked as a shepherd and strengthened his relationship with God through prayer eventually leading him to convert to Christianity.[34]

After six years of captivity he heard a voice telling him that he would soon go home, and then that his ship was ready. Fleeing his master, he travelled to a port, two hundred miles away,[35] where he found a ship and with difficulty persuaded the captain to take him. After three days sailing they landed, presumably in Britain, and apparently all left the ship, walking for 28 days in a “wilderness”, becoming faint from hunger before encountering a herd of wild boar; since this was shortly after Patrick had urged them to put their faith in God, his prestige in the group was greatly increased. After various adventures, he returned home to his family, now in his early twenties.[36] After returning home to Britain, Saint Patrick continued to study Christianity.

From this same evidence, something can be seen of St. Patrick’s mission. He writes that he “baptised thousands of people”.[42] He ordained priests to lead the new Christian communities. He converted wealthy women, some of whom became nuns in the face of family opposition. He also dealt with the sons of kings, converting them too.[43]

St. Patrick’s position as a foreigner in Ireland was not an easy one. His refusal to accept gifts from kings placed him outside the normal ties of kinship, fosterage and affinity. Legally he was without protection, and he says that he was on one occasion beaten, robbed of all he had, and put in chains, perhaps awaiting execution.[44] Patrick says that he was also “many years later” a captive for 60 days, without giving details.[45]

http://en.wikipedia.org/wiki/Saint_Patrick

 
Comment by reedalberger
2014-03-17 13:28:36

The progressive Illuminati sent some boys over and put the screws to the Guinness Execs.

Got Fascism?

 
 
Comment by Blackhawk
2014-03-17 05:20:20

The U.S. Is at Risk of a Nationwide Blackout

“Federal regulators and the utilities’ trade association were outraged that the report was leaked, but the real outrage is that this vulnerability persists even though policymakers and industry executives have known about it for years.”

http://m.realclearenergy.org/#/home/1_100259755/

Great. How am I going to watch Big Bang Theory?

Comment by oxide
2014-03-17 05:51:48

Nationwide blackout? Hey, no problem. When parts of the grid go down, then those utilities who didn’t protect their parts of the grid will go out of business as The Customers simply choose to buy their electricity from another utility. That’s why the utilities protect the grid out of their own capitalist self-interest in the long-term health of the company, right? So, I don’t see a need for those federal regulators; those elitist pigs needs to be RIFfed.

[ :roll: ]

Comment by Housing Analyst
2014-03-17 07:42:11

“Customers simply choose to buy their electricity from another utility.”

Another one of your funnies?

Let me ask Mz. Craterton….. Will customers go to the utility headquarters with buckets so man in the back room fills them up with electricity?

 
Comment by Albuquerquedan
2014-03-17 12:18:21

I understand your sarcasm Oxide. However, there are very few industries where natural monopolies exist. I dare say that even in the area of electricity new technologies are going to make competition possible. Once that occurs reputation will be important and it will regulate better than by a “captured” regulator.

 
 
Comment by Mr. Sun
2014-03-17 05:56:12

Hey earth pukes! Wiki-up “solar storm of 1859″ if you want a clue to as to what I can do to you.

 
Comment by polly
2014-03-17 05:57:06

The father of a friend of mine was designer of electrical grids before he retired. He told her one way to do this (well, half the US and most of the population of Canada) a few days after 9/11. And the method he described is trivially easy (no, I am not going to post it here). None of the changes in security on airlines or otherwise would stop it. It requires very little money. It could be carried out by one or two people. And it would keep the power off for weeks.

This isn’t even remotely a secret.

Comment by Blackhawk
2014-03-17 06:32:42

Good morning Ms Sunshine!

Comment by Albuquerquedan
2014-03-17 07:02:38
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Comment by oxide
2014-03-17 11:46:40

licking-the-gore

no thanks

 
 
 
Comment by 2banana
2014-03-17 10:07:23

Have obama declare “If you like your electricity, you can keep your electricity…?”

Comment by Albuquerquedan
2014-03-17 10:18:54

I would stock up on Coleman products and candles if I heard that from him.

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Comment by the Central Scrutinizer
2014-03-17 06:10:44

Wall Street Journal - Adjustable Rate Mortgages Make a Comeback

“Adjustable-rate mortgages, one of the main culprits of the housing crisis, are back in vogue. But banks say this time is different.”

This time is different?

Comment by oxide
2014-03-17 06:20:18

Well, it could be different. What are the terms of the ARM? % down? Income level? Recourse mortgage? Second homes for the rich?

 
Comment by Albuquerquedan
2014-03-17 06:27:33

This time is different?

The most dangerous words in the investment world. The PTB are desperate to keep this “recovery” going. Housing and vehicle sales are both stalling and they continue to find new ways to try to keep them going. Ten year vehicle loans are probably next.

Comment by the Central Scrutinizer
2014-03-17 06:34:14

“Ten year vehicle loans”

I worked for TARP bank in 2005-2006 in indirect auto finance. We did a lot (alot) of 84 month loans up to 125% LTV, rolling in the balance still owed on their three year old vehicles.

Comment by oxide
2014-03-17 06:43:02

Is this still going on? It would explain why I’ve started to see more SUV’s and Tacomas with paper license plates. Who is backstopping these loans? Is there a secondary market? Are these loans recourse?

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Comment by polly
2014-03-17 07:47:20

Cars get repossessed when you stop paying, but since the car is going to be worth less than the balance for all but the last few months of the loan, car loans have always been recourse. Seriously, oxide, you should know that if you have ever bought a car with a loan.

Car loans get packaged as bonds and sold all the time. The credit branches of the car companies made more money than the manufacturing end for a long time. They might still make more money than the sales end, but there are more players in the game (people don’t just automatically take the finance offer from the car company) so the profit margins might be a little lower than they used to be.

 
Comment by In Colorado
2014-03-17 08:36:09

Cars get repossessed when you stop paying, but since the car is going to be worth less than the balance for all but the last few months of the loan

I don’t know about that. Used car prices have softened a bit, but the only cars that I’ve seen that are worth less than a few payments are 20 year old beaters with 200K+ on the odometer.

 
Comment by HBB_Rocks
2014-03-17 08:41:41

Interesting point about cars & their loans. If they aren’t paid, they are no longer really retaken by sleuthing by private eyes and skiptracers, but rather tracked with independent license plate scanning companies who roll through public parking lots and apartments capturing every single plate with basically no government oversight. They can build dbs of where you go based on the locations they track your plates too if they want to, the possibilities are limitless.

https://www.aclu.org/alpr

Reason #100 why Joe is basically right about commuting and car dependence and why the NSA is just the tip of the iceberg.

 
Comment by rms
2014-03-17 11:49:18

“Who is backstopping these loans?”

The same folks who are backstopping the mortgage paper.

 
 
Comment by polly
2014-03-17 07:05:58

That is basically just an unsecured loan. Not really a big deal. Credit cards are unsecured loans as well. We turned credit card balances into bonds nearly as easily as car loans when I was in the law firm in NYC. As a matter of fact, the longer loans that roll in the balance from the previous car are preferable for a lot of bond holders. It means the loans that are being securitized aren ‘t paid off. When too many of the loans in the pool are paid off, you have to retire the bond. Not paying off the bond makes it more desirable unless market conditions have changed enough that you just want to grab your money and run.

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Comment by Albuquerquedan
2014-03-17 07:13:39

Polly, you are missing the critical point. A depreciating asset such as a vehicle should not be financed with a seven year loan let alone a ten year loan. Efforts to keep the economy going with such devices are leading to more debt slaves and will cause future problems when the FB has to try to repair a vehicle while still paying for the vehicle. It is not a question of whether GS can create instruments to finance such loans it is a question of whether a society based on such loans can be economically stable. It cannot be stable.

 
Comment by Housing Analyst
2014-03-17 07:18:04

A depreciating asset like a house shouldn’t be financed with a 15 or 30 year loan. Remember;

“If you have to borrow 15 or 30 years, it’s not affordable nor can you afford it.”

 
Comment by the Central Scrutinizer
2014-03-17 07:22:43

“It cannot be stable”

Commie talk!

“a society based on such loans”

What else would you base a society on? Something old and boring like building stuff?

This is 2014. We can all just tweet our way to prosperity!

 
Comment by LolaLOL
2014-03-17 07:29:21

Back when you were at the law firm they had underwriting standards, FASB 157 and actual losses, now your current employer just guarantees no losses.

 
Comment by polly
2014-03-17 07:37:42

” A depreciating asset such as a vehicle should not be financed with a seven year loan let alone a ten year loan.”

I’m not missing the point at all. I have had one car loan. It was for three years and I paid it off in about one year. I bought my current car for cash. I will buy my next car for cash. I would never finance a car for 10 years, or 7 years or probably even 5 years.

The point I am making is that there is nothing new about people being granted what is essentially unsecured credit or investment banks securitizing loans that have nothing to back them. If your credit card balance is high enough and you only make the minimum payments, you can get a 10 year loan for groceries that will be eaten by next week, never mind a car that should work for a most if not all of those 10 years.

 
Comment by Housing Analyst
2014-03-17 07:43:18

We’re not talking about you and your personal experience.

 
Comment by Albuquerquedan
2014-03-17 08:06:23

The longer and longer payment times are new and a reflection of how a debt centered economy is inherently unstable.

 
Comment by LolaLOL
2014-03-17 08:23:19

Don’t hate the playa, hate the game.
Don’t hate the statist, hate the state?

Haters gonna hate, y’all.
Statists gonna state, y’all.

 
Comment by Neuromance
2014-03-17 08:26:43

Albuquerquedan: The longer and longer payment times are new and a reflection of how a debt centered economy is inherently unstable.

Welcome to the trickle-up economy.

 
Comment by Albuquerquedan
2014-03-17 08:37:41

Welcome to the trickle-up economy.

I prefer to think of it as the statist tinkle down economy.

 
Comment by In Colorado
2014-03-17 08:38:19

Polly, you are missing the critical point. A depreciating asset such as a vehicle should not be financed with a seven year loan let alone a ten year loan.

If it’s a zero percent factory loan, why not? The car will last that long and more. Now if you’re paying interest, then yeah, long term loan == very bad.

 
Comment by Housing Analyst
2014-03-17 09:00:59

And who is paying for the subsidized rate to DebtDonkeys?

And what kind of discount will cash buyers receive?

 
Comment by Albuquerquedan
2014-03-17 09:02:54

If it’s a zero percent factory loan, why not? The car will last that long and more. Now if you’re paying interest, then yeah, long term loan == very bad.

If there were for 0% with no strings, I would agree. Even I would consider that type of financing if I could not agree to get the seller to reduce the price. However, I do not believe you will ever see that unless it is connected to an offer to reduce the cost of the vehicle as an alternative in which case you can be pretty sure that you will pay more if you chose the 0% option.

 
Comment by sleepless_near_seattle
2014-03-17 09:18:07

A depreciating asset such as a vehicle should not be financed with a seven year loan let alone a ten year loan.

We are looking to buy a flat panel TV. As part of the negotiation on a price discount, they offered that “well, you don’t have to pay a thing for 18 months.” Apparently we aren’t their typical, or target, customer.

 
Comment by cactus
2014-03-17 12:19:06

The longer and longer payment times are new and a reflection of how a debt centered economy is inherently unstable.”

yea it’s sad

 
 
Comment by taxpayers
2014-03-17 07:10:09

Mr Banker has approved me for refi on my 5 year used car loan- no wonder used car prices make no economic sense

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Comment by In Colorado
2014-03-17 08:40:31

Here in the Centennial state Subarus hold their value so much that you might as well get a new one. It makes no sense.

 
Comment by Albuquerquedan
2014-03-17 08:59:12

They are the unofficial state car of Vermont.

 
Comment by sleepless_near_seattle
2014-03-17 09:20:50

When I visited the local Subaru dealer a few years back, they couldn’t have been less interested in my cash. With them I don’t think financing would have brought much of a discount either.

 
Comment by Northeastener
2014-03-17 10:32:16

Here in the Centennial state Subarus hold their value so much that you might as well get a new one. It makes no sense.

Jeep Wranglers are the same way here in MA. I looked at the pricing for 2-3 year old Wrangler Unlimited models and I almost choked. The Grand Cherokee was a much better value used then the Wrangler.

 
 
Comment by Albuquerquedan
2014-03-17 07:37:36
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Comment by Puggs
2014-03-17 09:37:43

I look forward to taking that depreciating asset off your hands in a couple years at 1/2 price. Thanks for paying!

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Comment by Mr. Banker
2014-03-17 06:35:32

“Ten year vehicle loans are probably next.”

Yes!

Comment by the Central Scrutinizer
2014-03-17 06:45:13

Let’s make a deal.

I’ll give you a dollar of interest, and the taxpayers will give me back 28 cents.

You get to keep the dollar, but the taxpayers (who are broke) have to borrow that 28 cents from China.

Now imagine an entire economy based on this business model.

CRATER!

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Comment by the Central Scrutinizer
2014-03-17 06:40:25

See also New York Times (real journalists) piece Fallout From Refinancing

“Homeowners who refinanced when fixed mortgage rates dropped below 4 percent will be less inclined to put their homes on the market as interest rates climb.”

Debt donkeys for life!

Comment by Albuquerquedan
2014-03-17 07:45:24

Since people do not have equity in their homes to buy vehicles they are extending auto loans. I am amazed at the following article and the average length of a vehicle loan. So between the student loans and the auto loan just how are people going to able to pay a mortgage?

http://www.thetruthaboutcars.com/2013/04/car-loans-the-borrow-time-gets-longer-and-longer/

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Comment by In Colorado
2014-03-17 08:43:59

Since people do not have equity in their homes to buy vehicles they are extending auto loans.

Those giant SUVs and BMW’s aren’t cheap. And don’t tell them to buy a vanilla minivan or domestic sedan, what will the neighbors think?

 
Comment by rms
2014-03-17 12:14:18

A place in town does income taxes. Owe too much? No problem, we have several financing options.

Finance my tax bill? Really??

***

Years ago my liability insurance in California leaped 400% when the deep pockets awards and flaky litigation took hold. The agent said, I have several financing options.

Finance their 400% increase? Really??

 
 
 
 
 
Comment by the Central Scrutinizer
2014-03-17 06:22:43

Wall Street Journal - Health Care Gov Plans Deadline Leeway

“Federal officials are planning a workaround that would effectively extend the March 31 deadline to enroll for health care coverage for some users if technical glitches hamper a last minute surge of signups sign ups for health care dot gov, people familiar with the matter say.”

Last minute surge? LOLZ

Comment by LolaLOL
2014-03-17 07:41:04

Suspend the entire law, but pretend some part is still in effect. It would be too embarrassing to actually admit Obamacare is a failure. So we just pretend.

Obamacare is much like the Clinton’s marriage.

Comment by the Central Scrutinizer
2014-03-17 07:57:11

Listen to any NPR lately? It is like the Obamacare News Network.

 
Comment by Albuquerquedan
2014-03-17 08:38:52

Is Reid Monica?

 
 
Comment by Albuquerquedan
2014-03-17 08:10:08

As I said over the weekend, many people still do not understand the fines they are facing. Of course, this clear violation of the statutory deadline is unconstitutional but this will not stop the “son” of Mugabe. We do not need no stinking constitution. Especially, one that was designed to be a check on big government.

Comment by the Central Scrutinizer
2014-03-17 08:23:00

Do I have to correct you a second time?

The Obamacare “penalty” applies to 2014 taxable income, not 2013.

And if he’s Mugabe’s son that means Mugabe is Trayvon Martin’s granddaddy.

Is promethazine with codeine covered under Obama care?

You can use your SNAP card to buy Arizona Iced Tea brand Watermelon Fruit Punch and Skittles, but you can’t make some “fire ass lean(*)” without the third ingredient.

(*) Trayvon Martin, as quoted from facebook, 2011

Comment by Albuquerquedan
2014-03-17 08:29:45

The Obamacare “penalty” applies to 2014 taxable income, not 2013.

Fine but I as I said that does matter. Right now, if you do not have insurance in place by March 31st, you owe a penalty. I do not know if they will try to intercept tax refunds this year. Probably not for political and practical reasons but you never know. Many people will not know they owe this penalty (tax) until they have someone do their taxes and explain it to them.

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Comment by Albuquerquedan
2014-03-17 08:34:14

OK with a little research I see that it is not owed until you file the 2014 taxes so they will not intercept any returns. Clearly, they wanted to avoid any blowback in the 2014 elections.

 
Comment by cactus
2014-03-17 12:24:28

Obama care seems to be working about as well as the Metric Conversion tried so many years ago.

 
Comment by Albuquerquedan
2014-03-17 13:10:41

http://finance.yahoo.com/news/one-third-uninsured-won-t-101500681.html

Story states that 1/2 of the uninsured are unaware of the March 31st deadline which proves my point about people going to be angry when they find out about Obamacare. The underlying problem is the Idiocracy problem. I am sure that everyone that posts regularly on this board if they did not have insurance would have researched how and when to obtain insurance. O.K. maybe not Rio but he is the exception that proves the rule. These members of FSA are going to be plenty mad when they find out they are facing penalties for not getting insurance.

 
Comment by RioAmericanInBrasil
2014-03-17 13:22:42

The underlying problem is the Idiocracy problem.

Is that why your math and understanding big picture trends are sup-par?

which proves my point about people going to be angry when they find out about Obamacare

So what? Do the math. A little less than half are already republicans and are always angry anyway, some of the remaining will be happy to learn they can now get insurance and Medicaid and most don’t even vote.

But they are “going to be angry”. mehh

 
Comment by Albuquerquedan
2014-03-17 13:31:08

So what? Do the math. A little less than half are already republicans and are always angry anyway, some of the remaining will be happy to learn they can now get insurance and Medicaid and most don’t even vote.

Prove that a little less than half of the people that are not signed up are Republicans. You just love pulling numbers out of your azz and putting other things in your azz.

 
Comment by RioAmericanInBrasil
2014-03-17 14:29:45

Prove that a little less than half of the people that are not signed up are Republicans.

It’s math applied to common sense, demographics, political leanings and knowing one’s country.

“In all, census data show that 15.6 percent of residents in the average Democratic district are uninsured, compared with 14.1 percent in the average GOP district. Likewise, the share of working-age people who lack insurance is nearly as high in GOP districts (19.9 percent) as in Democratic ones (21.7 percent).”

The Uninsured Are Spread Throughout Red States, Too
The people who stand to gain the most from the health care law don’t live in just Democratic House districts.

http://www.nationaljournal.com/innovations-in-health/the-uninsured-are-spread-throughout-red-states-too-20131003

The big irony behind the scorched-earth Republican offensive against President Obama’s health care law is that its expansion of coverage to the uninsured would benefit House districts represented by Republicans nearly as much as those represented by Democrats.

In the confrontation that precipitated this week’s government shutdown, the near-universal refrain of Republican House members has been that they will “do whatever we can, as much as we can, to protect the people of our districts from the harmful effects of this law,” as Rep. James Lankford of Oklahoma put it. Regardless of what other provisions they consider harmful, that posture unavoidably means House Republicans are seeking to “protect” a surprisingly large number of their constituents from the right to obtain health insurance with federal assistance.

Recently released census data show that, on average, the share of residents without insurance is almost as high in districts represented by House Republicans as in those represented by Democrats. Slightly more Republicans (107) than Democrats (99) represent districts where the uninsured percentage is above the national average. Even about half of the 80 conservative members whose letter hatched the strategy of funding government only if Obama agreed to defund the 2010 Affordable Care Act represent districts where the uninsured share exceeds the national average.

This dynamic underscores how thoroughly ideology is trumping interest as Republicans convert the budget and debt showdowns into their Thermopylae for blocking Obamacare. Because so many House Republicans represent districts with low coverage levels, these members are effectively seeking to prevent a substantial flow of federal dollars not only to uninsured individuals in their communities but also to hospitals, doctors, and other providers who now are delivering significant levels of uncompensated care. “This is really an ideological stand—and in American politics, it [eventually] tends to be more about economic self-interest,” says Robert Blendon, a Harvard School of Public Health professor who studies public opinion and health care.

The near-convergence of insurance availability in Democratic and Republican districts reflects American politics’ ongoing class realignment. In Congress, Democrats represent an upstairs-downstairs coalition of well-educated, largely white suburban districts and heavily minority, mostly urbanized lower-income districts. Republicans represent many affluent places but rely increasingly on exurban and rural districts crowded with older and noncollege whites, many of whom lack insurance.

Using data from the Census Bureau’s annual American Community Survey, released last month, my colleague Michael Mellody ranked all 435 districts by their share of uninsured residents. Heavily minority Democratic seats dominated the list’s top rung, but many Republican districts in blue-collar and rural areas placed in the upper half, too. For instance, in the Appalachian-tinged North Carolina district of Republican Rep. Mark Meadows, who spearheaded the anti-Obamacare letter, nearly 27 percent of the working-age population (ages 18-64), and about 18 percent of the total, lack health insurance. In Lankford’s Oklahoma City-based district, 28 percent of working-age people and 20 percent of all residents lack insurance. “We have organizers in Waco, Jacksonville, and the Cincinnati suburbs, and in those places they are doing the same things we are doing in more-urban areas,” says Anne Filipic, president of Enroll America, a nonprofit group backing the law.
The Uninsured by Congressional District

Congressional districts with the highest percentage of uninsured are in the Southwest and tend to be in areas with a large Hispanic population. Massachusetts has the lowest percentage of uninsured due to its state-run health insurance, which has been in place since 2006.

In all, census data show that 15.6 percent of residents in the average Democratic district are uninsured, compared with 14.1 percent in the average GOP district. Likewise, the share of working-age people who lack insurance is nearly as high in GOP districts (19.9 percent) as in Democratic ones (21.7 percent). On both measures, virtually identical numbers of Democrats and Republicans represent districts where the uninsured share of the population exceeds the national average by at least 10 percent.

The big irony behind the scorched-earth Republican offensive against President Obama’s health care law is that its expansion of coverage to the uninsured would benefit House districts represented by Republicans nearly as much as those represented by Democrats.

…..Recently released census data show that, on average, the share of residents without insurance is almost as high in districts represented by House Republicans as in those represented by Democrats. Slightly more Republicans (107) than Democrats (99) represent districts where the uninsured percentage is above the national average. Even about half of the 80 conservative members whose letter hatched the strategy of funding government only if Obama agreed to defund the 2010 Affordable Care Act represent districts where the uninsured share exceeds the national average.

This dynamic underscores how thoroughly ideology is trumping interest as Republicans convert the budget and debt showdowns into their Thermopylae for blocking Obamacare. Because so many House Republicans represent districts with low coverage levels, these members are effectively seeking to prevent a substantial flow of federal dollars not only to uninsured individuals in their communities but also to hospitals, doctors, and other providers who now are delivering significant levels of uncompensated care. “This is really an ideological stand—and in American politics, it [eventually] tends to be more about economic self-interest,” says Robert Blendon, a Harvard School of Public Health professor who studies public opinion and health care.

The near-convergence of insurance availability in Democratic and Republican districts reflects American politics’ ongoing class realignment. In Congress, Democrats represent an upstairs-downstairs coalition of well-educated, largely white suburban districts and heavily minority, mostly urbanized lower-income districts. Republicans represent many affluent places but rely increasingly on exurban and rural districts crowded with older and noncollege whites, many of whom lack insurance.

 
Comment by Albuquerquedan
2014-03-17 14:30:38

It appears since he is not posting he is confusing the part of the poll that states that 42% of the uninsured that are Republicans do not think there are subsidies with some kind of assertion that 42% of the uninsured that have not signed up are Republicans. His typical 2 plus 2 = 5 math. From a December 18, 2013 NYT article:

The uninsured respondents were generally younger, poorer and less educated than the respondents in the general population. Three-quarters of the uninsured were between 18 and 44, and about one in eight had college degrees. Slightly more than half said they earned less than $30,000 a year.

As you can see the uninsured hardly fit the typical Republican demographics. They do fit very well Obama’s supporters. It is interesting how far the MSM will go to avoid telling us what percentage of the uninsured are indeed Republicans. However, the assertion that 42% of the uninsured are Republicans has no basis in the link I provided above and it just shows how Lola has no understanding of numbers or polls despite trying to project that upon me.

 
Comment by RioAmericanInBrasil
2014-03-17 14:42:16

Three-quarters of the uninsured were between 18 and 44, and about one in eight had college degrees. Slightly more than half said they earned less than $30,000 a year.

As you can see the uninsured hardly fit the typical Republican demographics.

In what states on what planet? “Po’ white trash” make up a substantial percentage of the Republican base.

Republicans Vote Against Their Own Survival as the Top 14 Child Poverty States Are Red

http://www.politicususa.com/2013/12/04/republicans-vote-survival-top-14-child-poverty-states-red.html

The top fourteen states with the highest percentage of children living in dire poverty are deeply-held red states and far exceed the humiliating national child poverty rate of nearly 24%. One might understand the racial motivation of self-destructive Republicans willing to go hungry to oppose the African American man in the White House, but their support is creating hunger for their own children,

 
Comment by Albuquerquedan
2014-03-17 14:42:40

In all, census data show that 15.6 percent of residents in the average Democratic district are uninsured, compared with 14.1 percent in the average GOP district. Likewise, the share of working-age people who lack insurance is nearly as high in GOP districts (19.9 percent) as in Democratic ones (21.7 percent).

Once again it shows that you do not understand statistics. I think the person that did write this article might but chooses to deceive. Notice the article does not say that Republican voters are as likely to be uninsured as Democratic voters. It says that Republican districts are almost as likely as Democratic districts to have the same percentage of uninsured. Really so how many 100% districts are there in the country? Is it really a surprise in a typical 55 to 45% district there are almost the same amount of uninsured? Willing to bet in those 55% Republican districts the uninsured are falling heavily among the 45% voting democratic.

 
Comment by Albuquerquedan
2014-03-17 15:12:41

Posts do not seem to be posting. To avoid redundancy, once again an article that does not breakdown uninsured Republicans vs. uninsured Democrats. In Texas, a Republican congressman probably has a lot of uninsured illegals in his district and uninsured Hispanic voters but that does not mean they are voting Republican.

 
Comment by Albuquerquedan
2014-03-17 15:17:04

I hope my slightly longer and more detailed post pop appears but I expect Lola will post the novel War and Peace to my Ten Commandments’ type post.

 
Comment by Albuquerquedan
2014-03-17 15:30:36

The top fourteen states with the highest percentage of children living in dire poverty are deeply-held red states and far exceed the humiliating national child poverty rate of nearly 24%.

Lola, are you really this stupid? If you look at the top fourteen states, most of them are states with large black populations and the poverty is concentrated among blacks. Blacks are not voting for Republicans. The states are red because the white populations are voting Republican except for most of poorest whites. There are not really Red states and blue states, there are red counties and blue counties and some of these states the populations in the red counties exceeds the blue counties.

 
Comment by Albuquerquedan
2014-03-17 15:41:52

Leave to Lola to quote from an article that states this:

“Americans understand the GOP base is angry and hates President Obama because he is Black, but they cannot fathom the self-destructive nature driving them to create pain and suffering for themselves, their children, and their family members; or tens-of-millions of Americans they do not know.”

No, we do not hate Obama because he is black but many of us do understand that Obama thinks exactly like this and cannot and will not concede that people opposed Obamacare because they knew it would not work. To him all opposition is racism. It is this belief that makes Obama incapable of making needed compromises because he treats anyone that opposes his policies as a racist. The people of Utah county will probably vote almost 70% for a black woman this congressional election and the people of the democratic Salt Lake City will cast their votes for the white candidate, but people like you will not call that racism.

 
Comment by RioAmericanInBrasil
2014-03-17 15:51:53

Once again it shows that you do not understand statistics.

Of course I do. But it’s also math applied to common sense and knowing one’s country and shifts in voting demographic patterns. In the past 6 Presidential elections averaged, people voting Republican got a little less than half the vote which can be extrapolated to fairly well mirror our population, and your poll polled over 3,000 people which is a large enough sample to fairly reflect political leanings in spite of the argument that many are probably “poor” or working poor and lean Democrat because that could be balanced out because many of those choosing not to get insurance and who actually vote, might be doing it as Republican leaning anti-obamacare political stance too. (Polls don’t always lay bare actual motives)

If someone hates Obama, he might not want to know anything about the law and thus be ignorant of it. Add the fact that working class white people vote more than poor minorities and then add that poor white’s often vote Repub against their economic interest and the fact that Obama only got 36% of the working class white vote, it is no stretch to surmise that a little less than half of the people that are not signing up and who actually will vote would vote Republican and thus be “angry” anyway.

But I will concede that if “The underlying problem is the Idiocracy problem” as you say, It could very well be that voting Republicans slightly outnumber the voting Democrats in those being ignorant of the law.

 
Comment by RioAmericanInBrasil
2014-03-17 15:54:32

No, we do not hate Obama because he is black but many of us do understand that Obama thinks exactly like this and cannot and will not concede that people opposed Obamacare because they knew it would not work.

A substantial number of Americans don’t like having a black president.

Deal with reality. BTW, Obamacare is working for those who could not get coverage before. Deal with reality.

 
Comment by Albuquerquedan
2014-03-17 16:06:02

But it’s also math applied to common sense and knowing one’s country and shifts in voting demographic patterns

Since you lack both common sense and math ability it is quite understandable that you came up with that answer. However, the bottom line is that you have not shown one poll that showed that Republicans are as likely as Democrats to be uninsured. This was surely asked in all the polls and that fact that the MSM does not report it is evidence that they Republicans do not equally lack insurance. Common sense clearly points to the fact that the MSM which is 90%+ liberal by all studies would hammer the Republicans with that fact if it were true. Like the FSU it is more instructive to look for what is not in the official news stories than what is said.

 
Comment by RioAmericanInBrasil
2014-03-17 16:17:41

you have not shown one poll that showed that Republicans are as likely as Democrats to be uninsured.

My post was much more complicated than that as you know, and beyond you. But it really wasn’t directed at you. It was directed at the thinking unbiased because it involved math applied to common sense and knowing one’s country, class and race differences and shifts in voting demographic patterns - A Tour de Force well beyond your biased comprehension and political “math”.

Read it again sometime and marvel at the complexity and logic. (But you don’t ever have to admit it here) :)

 
Comment by Albuquerquedan
2014-03-17 16:21:47

Contrary to the liberal myth, you do not see very many people voting against their economic interests the poverty rate among whites is lower in Texas than in California. In most of the Southern states it is just slightly above the California numbers. California was once a very white state and a very prosperous state. That is changing in both categories and they impact each other.

 
Comment by Albuquerquedan
 
Comment by Albuquerquedan
2014-03-17 16:29:56

Deal with reality. BTW, Obamacare is working for those who could not get coverage before. Deal with reality.

You need to get back on your meds and deal with reality. Obamacare is very unpopular because it is making life much more difficult for the majority of Americans and is only helping a very small percentage of Americans. That is political suicide. But I am glad there are people like you will take the Democratic party over the cliff. The Democrats were intelligent enough in the late 80’s to repeal catastrophic care and save their political hides. Had they not done that, Bill Clinton would not have been elected in 1992. I am very happy that thanks to people like you the collective IQ of the party has dropped.

Have to go but pleasant dreams about Joe and Obama, Lola.

 
Comment by RioAmericanInBrasil
2014-03-17 16:39:12

Contrary to the liberal myth, you do not see very many people voting against their economic interests

Not “very many”? Your math is off again. Obama only got 36-44% of the working class white vote. exit polls/Census data

Repub polices shaft the working-class to favor the rich. They have for 34 years. We lived it. It is fact. Where have you been and what is this “liberal myth” of which you willfully ignorantly spout?

 
Comment by RioAmericanInBrasil
2014-03-17 16:45:34

Obamacare is very unpopular because it is making life much more difficult for the majority of Americans

Your math is off again Albuquerquedan. And you constantly spout drivel and lies.

Look up the words “majority”, “much”, and “difficult”.

Then try using them accurately in an accurate sentence.

 
 
 
 
Comment by Dale
2014-03-17 11:51:48

O.K.!!!!! you had better sign up for health care by the time I count to three…..1……2……2&1/2…..2&3/4…….

Comment by Kidbuck
2014-03-17 17:40:12

The poors haven’t signed up for Ubangi care because they lack ipads.
Next year all poors get free iPads with a special app that blocks all porn until they sign up for Ubangi care.

 
 
 
Comment by Housing Analyst
2014-03-17 06:56:58

Wells Fargo Mortgage Salesman Faces Fraud Rap:Hired Straw Buyers

http://www.nj.com/news/index.ssf/2014/03/ocean_county_man_admits_role_in_40m_mortgage_fraud_scheme.html

So much for organic demand.

 
Comment by Housing Analyst
2014-03-17 06:59:24

Mortgage Fraud Ring Leader Gets 18 Months In The Slammer

http://www.philly.com/philly/news/Final_sentencing_held_in_14M_mortgage_fraud.html

 
Comment by Housing Analyst
2014-03-17 07:03:04

Nevada Mortgage Salesman Sentenced to 57 Month Prison Term

http://www.reviewjournal.com/news/loan-officer-gets-prison-time-federal-mortgage-fraud-case

 
 
Comment by RioAmericanInBrasil
2014-03-17 07:09:58

Who ya gonna call?

‘Ghost gazumping’ haunts London housing market

http://www.ft.com/intl/cms/s/0/328e011a-ab7a-11e3-aad9-00144feab7de.html

Property buyers in London are increasingly being asked to pay tens of thousands of pounds extra at the last minute, in a new, more aggressive form of “gazumping” that does not feature a rival bidder.

In a sign of the frenzied state of the capital’s housing market, estate agents say many sellers are raising the price of their homes days before the exchange of contracts.

Unlike the gazumping of the 1980s, when rival buyers stepped in at the last minute with a higher offer, this trend involves sellers increasing the price because they can – because there is so much demand for a small number of properties.

“It’s now very common and a depressing factor of a market with low supply and monster demand,” said Peter Rollings, chief executive of Marsh & Parsons estate agents.

This “ghost gazumping” typically happens several weeks after an initial offer is accepted, as rival estate agents door-knock sellers and tell them they have agreed to too low a price.

Dominic Agace, chief executive of Winkworth, said this was a “new phenomenon” that had not been seen before, even during the property bubbles of the 1980s and the mid-2000s. “It’s something that has not been around before.

Comment by Housing Analyst
2014-03-17 07:44:40

Good morning Lola. Hows the DC stroll today?

Comment by Albuquerquedan
2014-03-17 08:11:10

He was the first to introduce ten year financing to his “profession”.

Comment by Albuquerquedan
2014-03-17 08:40:13

Polly helped securitize the “loans”.

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Comment by Housing Analyst
2014-03-17 08:46:17

Sounds like a great movie title….”Lola And Da’ Pimp”

 
Comment by Albuquerquedan
2014-03-17 12:07:17

Speaking of movies, I think in the director’s cut of Idiocracy they discussed financing options at Starbucks. (sarcasm off).

 
 
 
 
 
Comment by RioAmericanInBrasil
2014-03-17 07:19:54

“The working class is feeling the pinch too. In the 25 largest markets, rents are rising at a far faster pace than inflation.”

The Rigged Housing Market

http://www.gilmermirror.com/view/full_story/24725745/article-The-Rigged-Housing-Market?instance=special_coverage_bullets_right_column

The homeownership rate is declining while rents rise and hedge funds snap up thousands of foreclosed homes.

An upscale housing development in Wilton, Connecticut (all of Wilton is upscale) is having no trouble selling its 20 units for $800,000 each. On average, homes in that town now fetch more than $1 million a piece.

And real estate experts only rank the region that includes Wilton at No. 33 on their list of the nation’s hottest markets. Clearly, the recession is over. Well, at least for the top 1 percent.

Generally, housing prices are on their way back up. Or at least they were last year before a bit of a reversal.

Even if this turns out to be the beginning of a housing recovery, it’s hard to celebrate some of the trends behind it.

Did you know that Blackstone Group, one of the world’s largest private equity funds, snapped up1,400 foreclosed Atlanta homes in one day? Around the country, Blackstone has bought at least 40,000in the past two years.

This spree, all the rage among big investors, raises real estate values from nearly worthless to merely dirt cheap.

But those investors don’t now plan to turn around and sell those properties they bought dirt cheap. No, they’ll rent them out. Hanging onto their new assets buys time until more markets recover from the last housing bubble burst.

This scheme is likely to work, especially if those big players have enough patience. In the meantime, those foreclosed homeowners will be forced to rent.

And we could see a new housing bubble coincide with a further decline in the homeownership rate, which hasn’t bounced back since the Great Recession supposedly ended. That rate, which peaked a decade ago at 69 percent, now stands at 65 percent.

For the poor, all this greed is nothing new. They never could live in Wilton anyway. Nor in nearby Westchester County. New York’s largest suburb has been deflecting federal housing integration rules for years.

County executives there win elections on the strength of their promise to keep poor people out. But this situation has gotten dicey. The courts sided last year with the federal government over its withholding of millions of dollars in funds out of concern over how the county failed to meet housing guidelines.

The working class is feeling the pinch too. In the 25 largest markets, rents are rising at a far faster pace than inflation.

And affordable housing is an endangered species. For every 100 extremely poor households that need it, there are only 29 available units, the Urban Institute says. That’s adeficit of 8 million affordable rental homes.

“There’s no place like home” is supposed to be a figure of speech or a memorable line in acorny song. Instead it’s just a fact of life for millions of Americans.

 
Comment by Housing Analyst
2014-03-17 07:21:38

realtors are liars

Comment by the Central Scrutinizer
2014-03-17 07:50:43

Realtors are like human bedbugs.

Comment by Albuquerquedan
2014-03-17 08:01:46

The best way to eliminate bedbugs is to put them in a freezing area. Thus, if you come back from a motel and you are worried leave the suitcase in the garage if it is Winter and cold outside. If you stay in any hotel with a lot of foreign visitors, I would particularly use that precaution. Unfortunately, even the best hotels have had problems with bedbugs. Most poisons etc do not work on bedbugs, they are harder to kill than cockroaches. I wonder if you can get rid of Realtors by freezing them?

Comment by pazuzu
2014-03-17 16:20:55

I understand if you park a Lexus SUV outside a Realtwhore infested house they will all stampede out and jam themselves inside it, eventually crushing and suffocating each other.

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Comment by Albuquerquedan
2014-03-17 07:21:59

(Reuters) - U.S. homebuilder sentiment edged up in March but sentiment remained mostly poor as concerns linger, the National Association of Home Builders said on Monday.

The NAHB/Wells Fargo Housing Market index rose to 47 in March from 46 in February, the group said in a statement. February’s decline was the largest ever month-to-month, and economists polled by Reuters had predicted the index would rebound to 50 in March.

Readings below 50 mean more builders view market conditions as poor than favorable. The index had been above 50 for eight straight months before February’s slump.

“A number of factors are raising builder concerns over meeting demand for the spring buying season,” said NAHB Chief Economist David Crowe in a statement.

“These include a shortage of buildable lots and skilled workers, rising materials prices and an extremely low inventory of new homes for sale.”

The single-family home sales component rose to 52 from 51. The gauge of single-family sales expectations for the next six months dipped to 53, the lowest since May, from 54. Prospective buyer traffic rose to 33 from 31.

 
Comment by RioAmericanInBrasil
2014-03-17 07:24:14

This year a turning point for China’s housing market: experts

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140315000080&cid=1202&MainCatID=12

After the end of explosive growth in China’s housing market last year, the market has started showing signs of a downturn and has entered a stage of adjustments, experts have told Shanghai’s China Business News.

Housing transactions in major cities have remained sluggish since March after the market experienced significant growth last year. This has made market observers wonder to what extent housing prices in first- and second-tier cities will rise and to what extent they will fall in third- and fourth-tier cities, the newspaper said.

Since the beginning of this year, the median volume for housing transactions in 18 out of 24 cities has dropped by 28%.

The figures also reflected a slowing market in March, said Sherman Lai, chairman of Centaline Group, one of the largest property agencies in Hong Kong. This could hugely impact property sales and cash flows, with the market outlook for this year said to be bleak, he added.

 
Comment by the Central Scrutinizer
2014-03-17 07:36:03

Bloomberg reporting London home prices at all time high of $919,000.

 
Comment by inchbyinch
2014-03-17 07:58:13

EQ was a nice jolt this morning. First thing I did after was inspect the pool (is ok), confirm the windows and doors were all operational, and poured some coffee. Just Mother Nature keeping us mortals inline. 1994 was a horrific ride. Piece of cake this morning.

Comment by Albuquerquedan
2014-03-17 08:49:56

I think that the CA legislature should pass a law outlawing earthquakes since they are dangerous. If you can pass carbon taxes to stop the interglacial warm up, you should pass equally useless legislation.

Comment by RioAmericanInBrasil
2014-03-17 09:00:22

There can’t be climate change because my Air Conditioner broke in in 1998 because it was so hot. And my new A/C has not broke yet since then.

Glacier in Greenland melting at breakneck speed, researchers say

http://www.statecolumn.com/2014/03/glacier-in-greenland-melting-at-breakneck-speed/

Another day, another story of cataclysmic global warming. According to researchers from the University of Washington and the German Space Agency (DLR), Greenland’s Jakobshavn Isbræ (Jakobshavn Glacier) is sliding from Greenland’s ice shelf into the ocean at unprecedented speeds. The glacier has sped up at a rate that’s three time faster than it was in the 90s, reaching a peak of 17 kilometers per year in the summer of 2012.

“We are now seeing summer speeds more than 4 times what they were in the 1990s on a glacier which at that time was believed to be one of the fastest, if not the fastest, glacier in Greenland,” says Ian Joughin, a researcher at the Polar Science Center, University of Washington and lead author of the study.

….Due to its rapid melting, Jakobshavn Isbræ is adding more and more ice to the ocean, making it a key contributor to the rise of global sea levels. “We know that from 2000 to 2010 this glacier alone increased sea level by about 1 mm. With the additional speed it likely will contribute a bit more than this over the next decade,” esaid Joughin.

Another component of global warming is that as the Arctic warms and glaciers begin to move faster, they also shrink. Jakobshavn Isbræ’s calving front is actually retreating as it dumps more and more ice into the ocean. The further it retreats, the more ice it loses – ice that was responsible for slowing it down, meaning its slide will continue to accelerate.

Comment by Albuquerquedan
2014-03-17 09:18:16

Google AMO. Natural cycle melts the ice in the ocean off Greenland allowing more ice to flow into ocean. The Vikings moved to Greenland during a period of warmth and left when the natural cycle turned cold. Nothing new here. Right now ice is increasing at the South Pole and has been decreasing at the North Pole but even that appears to have stopped. Hardly Global Warming, only regional warming and cooling.

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Comment by RioAmericanInBrasil
2014-03-17 09:26:43

Google AMO.

Google: “AlGore has a 20 ton air conditioner and leaves his porch light on all night” and you’ll see why there is no climate change.

 
Comment by Albuquerquedan
2014-03-17 09:30:46

Google: “AlGore has a 20 ton air conditioner and leaves his porch light on all night” and you’ll see why there is no climate change.

Your most intelligent post ever!! Of course, you do set the bar low.

 
 
Comment by RioAmericanInBrasil
2014-03-17 09:37:06

Of course, you do set the bar low.

I try to dumb it down with you. Especially anything to do with math and/or science when the math and science conflict with your politics.

Google: “Republicans Science”

It’s a hoot.

 
Comment by Albuquerquedan
2014-03-17 09:39:41

BTW, the only place this Greenland story is going headlines is in USA Today, hardly a Brazilian paper, but just the paper you might read if standing on the corner in D.C. or as paid political hack in a Congressional office.

 
Comment by RioAmericanInBrasil
2014-03-17 09:55:41

BTW, the only place this Greenland story is going headlines is in USA Today,

The “only place this Greenland story is going headlines “? What planet that is not warming up do you live on? (Brazil has this thing called the internet now)

Greenland Glaciers Melting in the Northeast
Guardian Liberty Voice-13 hours ago

Greenland ice sheet loses its last grip
CBS News-42 minutes ago

Greenland Glaciers Melting Faster Than Thought, Raising Sea Level Rise Fears
The Weather Channel - ‎1 hour ago‎

Greenland ice loss: rising sea levels?
The Hindu - ‎3 hours ago‎

Greenland Ice Sheet Rapidly Shrinking, Greatest Ice Loss in History
Headlines & Global News - ‎2 hours ago‎

Greenland ice melt expanding, Ohio State researcher finds
Columbus Dispatch-22 hours ago

Fears of faster rising global sea levels as ’stable’ Greenland ice …The Independent-22 hours ago

Greenland glaciers melting more than previously thought
French Tribune-7 hours ago

 
Comment by Albuquerquedan
2014-03-17 10:08:26

No Brazilian papers? Of course you can find it elsewhere if you look hard enough but it did not appear as a headline on Google, Yahoo or MSN so it is obscure on the Internet but prominent in USA Today, just post a picture of yourself with today’s Brazilian newspaper.

 
Comment by RioAmericanInBrasil
2014-03-17 10:21:26

just post a picture of yourself with today’s Brazilian newspaper.

Just dance an Irish jig with a pint of Guinness balanced on your head.

 
Comment by Housing Analyst
2014-03-17 10:24:07

… and not the US edition either Lola.

 
Comment by Michael Viking
2014-03-17 13:46:21

The “only place this Greenland story is going headlines “? What planet that is not warming up do you live on? (Brazil has this thing called the internet now)

Greenland Glaciers Melting in the Northeast
Guardian Liberty Voice-13 hours ago

Greenland ice sheet loses its last grip
CBS News-42 minutes ago


and etc.

Exactly the point. Why don’t you address the fact that these very same headlines could have been written more than 1000 years ago and been correct? What man-made greenhouse gases caused that warmth? How come the earth wasn’t ruined back then? Mankind and polar bears made it through just fine.

The Earth heats up and cools down in the blink of mankind’s eye; always has, always will.

 
Comment by RioAmericanInBrasil
2014-03-17 14:32:45

How come the earth wasn’t ruined back then? Mankind and polar bears made it through just fine.

Maybe so, but man’s over-hunting of the dinosaurs killed them off about 4,000 years ago.

 
Comment by Michael Viking
2014-03-17 16:01:11

Maybe so, but man’s over-hunting of the dinosaurs killed them off about 4,000 years ago.

Nice misdirection and avoidance of the topic. I can’t believe it took me so long to realize you’re just a troll. Shame on me.

 
Comment by RioAmericanInBrasil
2014-03-17 16:20:53

Nice misdirection and avoidance of the topic.

Tell that to NASA and 95% of the world’s highly educated and trained Scientific community.

Shame on me.

Exactly. And those like you, with their head in the political sand on the subjects of Math and Science.

you’re just a troll

A stock line babbled often, that in this case means nothing.

 
Comment by Housing Analyst
2014-03-17 16:50:51

Just like your “facts” and “math” huh Lola.

 
 
 
 
 
Comment by AbsoluteBeginner
2014-03-17 07:58:33

Anything to see in Merced, CA? I may fly in there this summer on my way to Yosemite. I’ll be taking the YARTS bus to YNP.

Comment by JingleMale
2014-03-17 08:53:14

Merced River! Nice class III & class IV whitewater. We camp in Yosemite and run the river at 5,000 CFS. Great ride.

Comment by inchbyinch
2014-03-17 12:29:24

Jinglemale,
Great info, thanks.
Did you take a pre-rafting seminar or just do it?
I would assume the whitewater rafting firm has some form of liability for your safety?

Comment by Jingle Male
2014-03-17 17:12:11

We use our own rafts, but there are some good whitewater rafting guides that will take you down. Just sign up and they will give you the instruction. It is beautiful. One nice thing is the road runs right along much of the river, so if there are any problems, you can climb out.

You get life vests and helmets. I recommend a wet suit, at least the bottoms and booties.

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Comment by inchbyinch
2014-03-17 08:54:40

AbsoluteBeginner
Not familiar with Merced, sorry. My suggestion would be to go to the city’s website and discount 50% of the hype.

I’m green with envy over your plans for Yosemite. I have it on my bucket list. Can’t wait for your on the ground (post) report back to all of us. All I hear is that it’s fabulous!

Comment by AbsoluteBeginner
2014-03-17 14:48:13

I’s gots to gets mes to the John Muir Trail this summer.

 
 
 
Comment by Albuquerquedan
2014-03-17 08:15:43

So now we are taking sides in the new Libyan dispute? You think there will not be any blow back for this? I would not want to be an American in the Eastern part of Libya.

http://news.yahoo.com/u-navy-seals-board-tanker-hijacked-libya-pentagon-082427948–finance.html

 
Comment by Neuromance
2014-03-17 08:42:12

Teapot Dome Scandal. This was a bribery scandal that made its way into the history books.

Today, bribery is de facto legalized. There’s a song and dance ritual that makes it legal, but it’s still companies giving money to politicians so they will do the company’s bidding. It makes Teapot Dome seem quaint.

This mortgage fraud epidemic we saw at the peak of the bubble - insiders knew what was going on. Yet there has been no effort to pursue the fraud - see the Lanny Breuer interview on Frontline’s “The Untouchables”. The one which cost him his job. Can’t be that candid on TV.

This complicity between the FIRE sector and politicians I think will eventually go down as one of the greatest frauds in the history of this country. A complicity which enabled the vast mortgage fraud which marked the peak of the housing bubble.

There are people like William K. Black regularly talking about fraud’s role in the financial crisis. There are documentaries which highlight it like “The Inside Job” and Frontline’s “The Untouchables”. But it’s very few people. And it’s a huge story.

It’s like there’s no social or political will to pursue it. Curious.

Comment by 2banana
2014-03-17 10:14:14

It’s like there’s no social or political will to pursue it. Curious.

And be called a racist? And be called someone who wants to starve kids, throw grandma in the street and pollute the water?

And be targeted to political destruction?

And be audited by the IRS over and over?

 
Comment by 2banana
2014-03-17 10:35:11

There was no free sh*t army then.

There was no income tax back then

People worked and kept their money and took care of their own.

The US government was small. It regulated only what was was specifically called out in the US Constitution.

People cared about this scandal because it displayed how someone with corrupt contacts with a government could make lots of money.

Not through hard work - just corruption.

So why is John Corzine still a free man???

Comment by rms
2014-03-17 23:02:42

“So why is John Corzine still a free man???”

Joo

 
 
 
 
Comment by RioAmericanInBrasil
2014-03-17 08:46:00

Blasphemy and Heresy against America’s national religion. We gotta shut these people up. This website even has the world “collective” in it.

Video: Banned TED Talk: ‘Rich People Don’t Create Jobs’ Nick Hanauer

http://www.collective-evolution.com/2013/07/12/banned-ted-talk-rich-people-dont-create-jobs-nick-hanauer/

“It is astounding how significantly one idea can shape a society and its policies. Consider this one. If taxes on the rich go up, job creation will go down. This idea is an article of faith for Republicans and seldom challenged by Democrats and has shaped much of today’s economic landscape. But sometimes the ideas that we know to be true are dead wrong. For thousands of years people were sure that earth was at the center of the universe. It’s not, and an astronomer who still believed that it was, would do some lousy astronomy. In the same way, a policy maker who believed that the rich and businesses are “job creators” and therefore should not be taxed, would make equally bad policy.” Nick Hanauer

Comment by Albuquerquedan
2014-03-17 09:07:33

I am sure that the inhabitants of the shanty towns of Brazil are creating lots of jobs. That is why Brazil has such a stellar growth rate compared to other developing nations.

Comment by RioAmericanInBrasil
2014-03-17 09:23:07

I am sure that the inhabitants of the shanty towns of Brazil are creating lots of jobs.

Your mistake #1:
The lesson is that a strong middle-class creates jobs. Shanty town Brazilians are not “middle-class” therefore your negative sarcastic insinuation is false.

That is why Brazil has such a stellar growth rate compared to other developing nations.

Your mistake #2: (a common on for you)
You think in snapshots in a political fog while ignoring the big picture. Brazil does have a stellar growth rate over the past 20 years. Especially for its middle-class - much more stellar growth rate than the USA and even most other developing nations.

“Twenty years ago Brazil’s GDP was at $358 billion and ranked 11th in the world; today, at $2.5 trillion, it’s between sixth and eighth, depending on who’s counting. No other BRIC balances democracy and widespread wealth nearly as well. Half of Brazil’s population now occupies the middle class–their output alone surpasses the entire economy of neighboring Argentina.” Forbes

Comment by Albuquerquedan
2014-03-17 09:41:09

How do they define middle class in Brazil? I bet it is not even a level that is achieved by the poor in Mississippi.

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Comment by Albuquerquedan
2014-03-17 09:47:17

Yes, I bet those middle class people making just over $600 a month are producing lots of jobs, even the top of the range is lucky ducky in the U.S.:

http://www.csmonitor.com/World/Americas/Latin-America-Monitor/2011/0819/The-evolving-identity-of-Brazil-s-middle-class

 
Comment by Albuquerquedan
2014-03-17 09:49:47

“Twenty years ago Brazil’s GDP was at $358 billion and ranked 11th in the world; today, at $2.5 trillion, it’s between sixth and eighth, depending on who’s counting

Isn’t a resource boom wonderful. Too bad China doesn’t need iron ore as badly anymore.

 
Comment by RioAmericanInBrasil
2014-03-17 10:01:20

I bet those middle class people making just over $600 a month are producing lots of jobs,

I guess they are. And my paid off house has tripled, dang almost quadrupled. Think about that math. Dang. But who’s counting?

“No other BRIC balances democracy and widespread wealth nearly as well……..Twenty years ago Brazil’s GDP was at $358 billion and ranked 11th in the world; today, at $2.5 trillion, it’s between sixth and eighth, depending on who’s counting” Forbes

 
Comment by Albuquerquedan
2014-03-17 10:11:41

I guess they are. And my paid off house has tripled, dang almost quadrupled. Think about that math. Dang. But who’s counting?

I am glad your cardboard box has gone from being worth $2.50 to $10, congratulations. Sorry Rio, I know your MO is to try to make people envy you but we don’t. We do not even believe your BS. Isn’t there a Brazilian blog for you? O wait they would call you out in ten minutes.

 
Comment by Albuquerquedan
2014-03-17 10:27:58

Everything you say about Brazil is as equally as easy to find on the Internet as the Greenland article. Unlike most people on this blog, you have made your alleged location the central focus of your posts. For years you made Brazil a justification for Obama’s policies since similar policies were working so well in Brazil and you knew because you were living there. But guess what, they did not work in Brazil and they are not working in the U.S. When the resource boom was going on Brazil advanced despite policies that impeded growth, without the resource boom the socialistic policies are killing growth which is true in many South American countries right now. Every left of center government done there is now in trouble.

 
Comment by RioAmericanInBrasil
2014-03-17 10:30:54

I know your MO is to try to make people envy you but we don’t.

I don’t want people to envy me at all. Only you. Because it bothers you and you can’t let it go. And you doubting where I live is funny. It’s like playing with a cat with a string.

But If I were living in America, I wouldn’t generally envy an American living in Brazil.

 
Comment by RioAmericanInBrasil
2014-03-17 10:32:19

But guess what, they did not work in Brazil and they are not working in the U.S.

What’s not working?

“No other BRIC balances democracy and widespread wealth nearly as well……..Twenty years ago Brazil’s GDP was at $358 billion and ranked 11th in the world; today, at $2.5 trillion, it’s between sixth and eighth, depending on who’s counting” Forbes

 
Comment by Albuquerquedan
2014-03-17 12:11:37

I don’t want people to envy me at all. Only you. Because it bothers you and you can’t let it go. And you doubting where I live is funny. It’s like playing with a cat with a string.

You need to get back on your meds if you are delusional enough to think I envy you. I love tormenting you. However, I will admit sometimes I feel guilty about having a battle of wits with an unarmed “man”.

 
Comment by RioAmericanInBrasil
2014-03-17 13:08:46

I love tormenting you.

But how can you “torment” a guy who understands the math?

Most times I respond to you I am smiling as I am now. I enjoy pointing out your “snapshot-in-time-short-term-oddball-political math.”

And the really funny part is that you are so consistent about it.

Every time I come online and read your posts here, it’s like the movie “Groundhog day” with you. And watching that movie is no torment at all.

In fact, I love that movie! So please entertain us again with some of your classic slip-shod political math and science.

 
Comment by RioAmericanInBrasil
2014-03-17 13:17:39

For years you made Brazil a justification for Obama’s policies since similar policies were working so well in Brazil and you knew because you were living there

What Brazilian policies are that similar to Obama’s? What are you talking about?

Obamacare is similar to Brazil’s health-care system?

I think you must be talking a about Brazil Indiana.

Every left of center government done there is now in trouble.

You’re just mad that:
“No other BRIC balances democracy and widespread wealth nearly as well (as Brazil)”.. Forbes

Sour grapes. You’re just not a fan of balancing democracy and widespread wealth. It pi$$es you off. grrrrrrr It just rattles your little cage -gnaws at your beliefs. But hey, if you don’t like the math just make some of your math up again.

 
Comment by Albuquerquedan
2014-03-17 13:34:51

But how can you “torment” a guy who understands the math?

I could not torment someone that understands the math but that certainly does not include you. The only wits you have is Obama (dim wit) and Biden (half wit).

 
Comment by Albuquerquedan
2014-03-17 13:43:26

BTW, I notice you do not put a date on that Forbes story probably because the future of Brazil is not bright even if this story calls the current president a “pragmatic leftist” which is clear oxymoron:

http://www.stabroeknews.com/2014/news/regional/03/13/brazils-economy-faces-trouble-world-cup-election/

 
Comment by reedalberger
2014-03-17 13:47:23

“Sour grapes. You’re just not a fan of balancing democracy and widespread wealth. It pi$$es you off. grrrrrrr It just rattles your little cage -gnaws at your beliefs.”

How does a person become one of those who revels in the destruction of liberty and the resulting ire and pain of his fellow citizens?

 
Comment by RioAmericanInBrasil
2014-03-17 14:56:41

How does a person become one of those who revels in the destruction of liberty

Let’s talk about real liberty and Obamacare. “Libertarians” should laud Obamacare because it raises the level of liberty of the individual up to the existing level of the collective.

How? In the past, preexisting conditions could not be denied coverage in the collectives. (Governments or Corporations providing insurance to their employees would cover preexisting conditions.)

However the individual could have his liberty, justice and general welfare impinged at will, by the denial of health insurance due to preexisting conditions. This resulted in great ire and pain of our fellow citizens

This was in direct violation of the Constitution’s goals of establishing justice, promoting the general Welfare, and securing the Blessings of Liberty to ourselves and our Posterity.

Liberty and life are a lot more complicated than right-wing soundbites.

 
Comment by RioAmericanInBrasil
2014-03-17 15:01:42

future of Brazil is not bright

Bottom line, think big - the big picture.

In the overall trend for the past 25 years, Brazil is getting better for the average citizen and USA is getting worse.

Your slowing “growth” has not affected the general trend.

I know that these are “big-thought”, “Big-picture” ideas that you always have trouble with Albuquerquedan.

 
Comment by Albuquerquedan
2014-03-17 15:22:31

However the individual could have his liberty, justice and general welfare impinged at will, by the denial of health insurance due to preexisting conditions. This resulted in great ire and pain of our fellow citizens

This was in direct violation of the Constitution’s goals of establishing justice, promoting the general Welfare, and securing the Blessings of Liberty to ourselves and our Posterity.

Speaking of the big picture, you just do not get that the constitution was about putting limitations on government. Your post is right out of the novel 1984, our liberties are best protected by infringing upon our liberties and dictating what we buy or do not buy.

 
Comment by RioAmericanInBrasil
2014-03-17 16:09:58

Speaking of the big picture, you just do not get that the constitution was about putting limitations on government

Oh foolish and/or “tricky” one. You are ignorant of your country’s history. Or are you? But yours is a common, deceptive talking point that flies in the face of American history.

Today’s American History Lesson:
The Constitution was mainly about, in that point in time, establishing a much stronger federal government than the Articles of Confederation which were the definition of a limited federal government.

“the Articles (of Confederation) were purposely written to keep the national government as weak as possible. However, there were many problems that soon became apparent as the Articles took effect. ….As the economic and military weaknesses became apparent, individuals began asking for changes to the Articles that would create a stronger national government.” americanhistory dot about dot com

As if the founding fathers were sitting around and said, “These Articles of Confederation are too limiting, we need to write a new Constitution that weakens the federal government.” NOT

Comparison of Constitution and Articles of Confederation usu dot edu

Articles of Confederation:
States are sovereign
No independent executive
No federal courts-all laws enforced by state courts.
No taxing power given to Congress.
Congress has no power over interstate or
foreign commerce.
Congress consists of one body and each state
has one vote.
Amended only by approval of ALL the states.
Congress has only specific, delegated powers.
Only state governments act directly on the people.

US Constitution:
People of the whole nation are sovereign–exercise
of sovereignty is divided between states and the
central government.
Independent executive chosen by electoral college.
Separate federal court system, with power to
resolved disputes between the states.
Congress has power to “lay and collect taxes, duties,
imposts, and excises.”
Congress has power to regulate commerce with other
nations and among the states.
Congress consists of two bodies. Number in House is
based on population and each state has two Senators.
Amended with approval of 3/4 of states.
Congress has implied as well as specific powers.
Both central government and state governments acts
directly on the people.

 
Comment by mathguy
2014-03-17 16:43:13

Rank Country Median income (US$, PPP)[4] Median income (US$, nominal) Year[5]
1 Luxembourg 36,415 47,936 2010
2 Norway 32,502 52,575 2010
3 Switzerland 30,897 47,237 2009
4 United States* 29,056 29,056 2010
5 Canada 27,752 34,929 2010
6 Austria 27,745 31,357 2010
7 Australia 27,092 38,570 2010
8 Denmark 26,318 39,742 2010
9 Netherlands 25,121 29,155 2010
10 Sweden 24,787 31,878 2010

The list ends at 35 with:
35 Mexico 4,384 3,086 2010

So the US should emulate brazil how?

 
Comment by RioAmericanInBrasil
2014-03-17 16:50:22

So the US should emulate brazil how?

How about looking at the growth of median income and the number of people who’ve climbed out of poverty the past 20 years. (35-40 million in Brazil)

How about coming up with some policies that promote the general welfare of the common people instead of the rich for a change?

Brazil suks in many ways but it’s anti-poverty figures the past 20 years are impressive. I first came to Brazil in 88 and the changes for the poor and lower middle-class are impressive. USA? Not so much.

 
Comment by mathguy
2014-03-17 16:53:02

BTW, if it wasn’t clear, Brazil doesn’t even make that list.

 
Comment by mathguy
2014-03-17 17:15:26

I first came to Brazil in 88 and the changes for the poor and lower middle-class are impressive. USA? Not so much.

So lets see. In the US, over 50% of people are making 29k

In Brazil, not even 50% of people are making $3086.. yet somehow brazil is doing better for the poor and lower middle class? I’m pretty sure even the crappiest crap social security pays better than $3086 per year.

BTW, looking at a detailed breakdown of US income:
Under $5,000 4,261 3.52% 0.23 2.02

so 96.48% of households in the united states make over $5000/yr… , and Brazil can’t even hit that as a MEDIAN?
http://en.wikipedia.org/wiki/Household_income_in_the_United_States

Dude, just stfu and admit that Brazil is an economic failure with their policy compared to the US. These are very simple numbers. How can you possibly argue that it the US has a better economic framework, even with its flaws? How can you possibly argue we should emulate Brazil?

 
Comment by mathguy
2014-03-17 17:18:09

So having a median income lower than 96% of the US household incomes is a success how? That’s like saying eating dog shit is better than eating cat shit because the portions are bigger.

 
Comment by RioAmericanInBrasil
2014-03-17 17:39:41

How can you possibly argue we should emulate Brazil?

We should emulate Brazil only in the way that at least part of our public policies promote the poor and middle-class over the rich. Of course we should do it our way and not the Brazilian way because USA is a developed country whereas a big part of Brazil is still not. Is this to complicated of a concept for you? There’s a lot going on here.

So lets see. In the US, over 50% of people are making 29k

Those numbers don’t mean as much as you think. It’s Brazil dude, not Sweden. The TREND in Brazil is that the poor and working poor are doing better over the long term while in the USA, the poor and the working poor AND the middle-class are doing worse over the long term trend. Got it now?

Dude, just stfu and admit that Brazil is an economic failure with their policy compared to the US

This is just not true when one looks at the TRENDS for the past 20-25 years. Of course USA is much better in total but the USA has reversed trends just lately of each generation doing better than the past generation whereas Brazil’s new generations, on the whole, are doing better than the past ones. Dude, just “stfu” and admit you know nothing about Brazil and most the big world out here.

Just the fact that you would compare nominal incomes only, without acknowledging long term trends along with cultural, historical and cost of living differences, make you just sound like an insular, untraveled and (on this subject) a typically ignorant American. (But I’ll bet you’ve been to Hawaii)

 
Comment by mathguy
2014-03-18 14:07:55

The “trend” of the past 25 years in Brazil can’t even get the median income to $4000 ? If I make a penny and i change my income to $1 that is 100x growth. I still only make a dollar. Do you not get that? Should the Nazi’s have been commended if they fed the Jews before gassing them?

 
Comment by RioAmericanInBrasil
2014-03-18 14:53:57

The “trend” of the past 25 years in Brazil can’t even get the median income to $4000

It’s Brazil Dude, not Del Mar. Look up “median” and “3rd world country”. Contemplate it and the bifurcation of Brazil’s population 25 years ago. That’s a huge leap forward considering more than half the country were dirt poor poverty stricken peon’s 25 years ago and many were malnourished and starving. Get out much?

If I make a penny and i change my income to $1 that is 100x growth.

Invest that in a Passport, go somewhere and learn something about the big world outside of your little sheltered one.

 
 
 
 
 
Comment by RioAmericanInBrasil
2014-03-17 09:07:37

Why buy when you can rent for more money than last year?

U.S. Rents Rise Again as Market Tightens
Landlords raised rents by an average of 0.8% to $1,083 a month in the quarter.

http://online.wsj.com/news/articles/SB10001424052702304887104579304830053269994

Apartment landlords continued to push through higher rents in many cities in the fourth quarter, offering little relief for renters who have seen increases over the past few years.

Nationwide, landlords raised rents by an average of 0.8% to $1,083 a month in the quarter, according to a report to be released Tuesday by Reis Inc., REIS -0.20% a real-estate research firm. While that is below the previous quarter’s 1% increase, it is above the 0.6% gain seen in 2012’s final quarter. Rents climbed 3.2% for all of 2013.

The vacancy rate, meantime, fell to 4.1% in the fourth quarter from 4.6% in the year-earlier quarter, remaining well below the 8% peak at the end of 2009.

Comment by the Central Scrutinizer
2014-03-17 09:53:53

Hello Realtor®

 
Comment by Housing Analyst
2014-03-17 09:56:54

They’ve got a lot of raising to do before it makes sense to pay a grossly inflated price for a rapidly depreciating house.

 
 
Comment by Rental Watch
2014-03-17 09:08:18

I stumbled across these last night. Some interesting stats, including a measure of how many homes are bought (and sold) by LLCs/LPs as opposed to individuals. Enjoy (for those who like data).

http://www.propertyradar.com/reports

BTW, I heard the CEO of Property Radar speak once (on the panel with John Burns, I think)…he was pretty measured.

 
Comment by X-GSfixr
2014-03-17 09:13:00

Another day, another bunch of crap from the MSM regarding the Malaysian jet………… nothing to report, so you gotta throw something out there.

-”The copilot was the last to talk to ATC”……. Right. Every airline in the world operates that way. The PIC (pilot in command) flies the airplane, the non-flying pilot talks to ATC, sets transponder codes, programs the FMS, etc.

-The pilot used “Flight Simulator”. Yeah, so what? They all do to some extent. Mainly to shoot instrument approaches. He may have had 18K hours, but by flying a long haul airplane, he may not have had that many current landings……comes in and does flight planning, flies 6 hours, then he’s done for the day

-It would be no problem at all to disable/kill the passengers and cabin crew. The oxygen system probably has a position known as “CREW ONLY”. Supplies the crew masks and nothing else. Masks don’t drop when the cabin altitude exceeds 12,000 feet.

So: One/both of the crew go on oxygen, selects “CREW ONLY”,then raises the cabin altitude slowly up to 25-30K feet for a couple of hours. At 1:30am, half of the passengers are asleep anyway.

Another example of my “House of Cards” theory. Too much of our infrastructure depends on people who have been screwed/aggrieved by the PTB/oligarchs/Masters of the Universe…….and it only takes a few of them to really throw a spanner in the gears.

Comment by Albuquerquedan
2014-03-17 09:25:11

Welcome back. We missed your expertise.

Comment by X-GSfixr
2014-03-17 10:02:05

For whatever reason, my posts from last week didn’t show, so I’ll recap……

As usual, the media knowledge is a mile wide, but 1/4 inch deep.

-Disappeared from radar” and “Disappeared from ATC” are not the same thing. ATC radar coverage only extends over water for “X” miles……..once beyond that point, the only way ATC knows where the airplane is, is by the aircraft determining it’s position by GPS/WAAS, then reporting it to ATC via an Immersat satellite link. There are any number of ways you can do this from the cockpit, or at the appropriate electrical junction box, just by pulling circuit breakers……

If you know what you are doing. Some pilots know the airplane’s systems, and some don’t. The fact that ACARS wasn’t disabled tells me that whoever was running the show wasn’t familiar with the maintenance systems on the airplane.

-No matter what, the crew can’t disable the ELT, or the two “pingers” that should go off when the CVR and FDR are submerged. (That’s why everyone sent all of the destroyers/anti-submarine ships……to listen for the pingers). The 406mhz ELT would not only go off, but would transmit a aircraft registration number, and a latitude and longitude…….EXCEPT if the crew turned off the Flight Management System (all of the ELT installations I’ve seen get position data from the FMS). In that case the ELT would work as long as the tail stayed afloat, but would not transmit a position.

(I’ve got a couple of “time expired” pingers…….maybe I’ll throw them in a local lake, and tell the media that I’ve found the airplane…….)

That would be my first question…….did the aircraft have an ELT, and did anyone pick up an ELT transmission, even momentarily?

Supposedly the US Navy has the oceans “wired for sound”. Whatever “wiring” they have done is most likely in the North Atlantic, and along the China coast. Not much reason to monitor what’s going on in the Indian Ocean west of Australia (the oceanic equivalent of “BFE”).

Comment by Neuromance
2014-03-17 11:27:12

I think once some of the governments involved got the idea it could be a piracy / terrorist-trying-get-a-777-for-future-use situation, they’ve been more circumspect about what they know. In active crime investigations, they only release information which is useful to the authorities in identifying the perps.

One story making the rounds is that a terror group wants a long range aircraft that can somehow spoof its way into protected airspace. And again become an airborne missile. Can that scenario exist? Re-flag it, change its transponders and make it seem like a legitimate aircraft?

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Comment by X-GSfixr
2014-03-17 12:07:41

The transponders are “strapped” for a specific registration number. The would have to send them to a Honeywell or RockwellCollins shop to restrap them.

Assuming they were smart, (a big assumption, I know), they would have every p/n and s/n of every component on that aircraft put on the “watch lists”

 
Comment by Neuromance
2014-03-17 16:36:56

Hmm. Interesting, thanks.

 
 
Comment by jose canusi
2014-03-17 11:38:43

Good to see you post, x-gs. Wondering where you were. Hope you weren’t offended by my joke about the aircraft maintenance guy in KS.

Thanks for the lowdown here.

“Too much of our infrastructure depends on people who have been screwed/aggrieved by the PTB/oligarchs/Masters of the Universe…….and it only takes a few of them to really throw a spanner in the gears.”

Exactly. But I wish their aim were a tad more accurate. Wiping out a plane load of passengers doesn’t get it.

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Comment by X-GSfixr
2014-03-17 12:26:51

I realized that rational debate with the Tea Party types was a waste of my time.

That, and I got busy with other stuff, like a new airplane acquisition for one of the guys I do some on-the-side work for, and doing a report to the CFO on whether the company should spend a million bucks plus on the current airplane, or get something newer.

It’s complicated………tax and depreciation issues come into play. Or you can make the choice to quit flying overseas, and figure on getting a new airplane on/before 1/1/2020.

 
Comment by jose canusi
2014-03-17 12:57:09

Well, it’s just my opinion, but I’d love it if you’d host a weekend thread on this issue. I know it is OT for a housing blog, but definitely an important issue this day and age.

This is really not good for the commercial aviation industry in a global, politically correct society. Frankly, I’d be a bit queasy flying if I knew the pilot was from a certain region of the world these days. It’d be like playing Russian Roulette.

 
Comment by RioAmericanInBrasil
2014-03-17 13:33:43

rational debate with the Tea Party types was a waste of my time.

You can’t have a rational debate with many of them. But sometimes it’s amusing to point out their irrationality in a rational manner. Especially when it involves math or science.

But now the important stuff:

What do you think of the South bracket and our 2nd seed? What’s the vibe around there?

Hope Embiid can play Sunday (if ‘n’ when) but it’s doubtful I’m reading. NM would be tough without him.

The Shockers got hosed imo. What a “number 1 seed”. Larry Brown got ripped-off too imo.

 
Comment by reedalberger
2014-03-17 13:52:57

“You can’t have a rational debate with many of them.”

How about a rational debate with a nanny state progressive and a sane person? Yeah, impossible.

 
Comment by Albuquerquedan
2014-03-17 14:07:28

How about a rational debate with a nanny state progressive and a sane person? Yeah, impossible.

Or someone paid to post Soros talking points? Yea, impossible.

 
 
 
 
Comment by Jane
2014-03-18 02:57:50

What a welcome sight, Fixr! So glad you’re back.

 
 
Comment by Tarara Boomdea
2014-03-17 09:20:59

Local info:
2014 Las Vegas Housing Outlook
Published on Mar 17, 2014
…information that was disbursed from the recent 2014 Las Vegas housing outlook conference that took place on March 7th. While the focus was on new homes, there was an abundance of fantastic data…

 
Comment by Albuquerquedan
 
Comment by Housing Analyst
2014-03-17 09:38:43

If you take on mortgage debt at current massively inflated housing prices, you’ll enslave yourself for the rest of your life.

“Debt is bondage.”~Suze Orman, May 11, 2013

In other words, don’t buy housing at these massively inflated prices. Don’t Be A Debt Donkey®

Comment by the Central Scrutinizer
2014-03-17 10:05:44

Realtors will DESTROY you.

Realtors are weapons of financial mass destruction.

Avoid Realtors, save yourself.

Comment by MightyMike
2014-03-17 10:29:18

Avoiding realtors can be pretty challenging in some areas. I remember reading around five years ago that one out of every 50 adults in California had a realtor’s license.

Comment by inchbyinch
2014-03-17 12:36:29

MightyMike
A lot of folks didn’t renew their “career change to riches” license. I noticed last June’s renewal was much quicker. Partly
online renewal efficiency, but they laid off lots of employees and changed the name to Bureau of Real Estate in Ca (prior name Dept of R.E.). Sounds moi-important now.LOL

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Comment by RioAmericanInBrasil
2014-03-17 10:09:52

The math is wrong because it’s only based on 1,700 previously published studies, and the Koch brother’s have a high efficiency furnace.

Climate Change Could Cause the Next Great Famine

http://time.com/27201/climate-change-could-cause-the-next-great-famine/

A new study finds that as the planet warms, yields for important staple crops like wheat could decline sharply.

….The news isn’t good: the research, based on a new set of data created by the combination of 1,700 previously published studies, found that global warming of only 2º C (3.6º F) will likely reduce yields of staple crops like rice and maize as early as the 2030s. And as the globe keeps warming, crop yields will keep shriveling unless drastic steps are taken to adapt to a changing climate. As Andy Challinor, a professor of climate impacts at the University of Leeds and the lead author of the study, put it in a statement:

Our research shows that crop yields will be negatively affected by climate change much earlier than expected…Furthermore, the impact of climate change on crops will vary both from year-to-year and from place-to-place—with the variability becoming greater as the weather becomes increasingly erratic.

Comment by Albuquerquedan
2014-03-17 10:33:43

An ice age would cause even greater problems and it is equally as likely. Of course, climate change could cause problems but such speculation does not prove AGW. BTW, increased co2 actually increases crop yields since we still do not have the optimum amount of co2 in the atmosphere like we have had prior to human history.

 
Comment by 2banana
2014-03-17 10:39:47

Usually the world sees a great famine when a socialism replaces capitalism.

See China, the USSR, Cambodia, North Korea and Zimbabwe for more examples…

Comment by reedalberger
2014-03-17 13:55:46

Shhh…You’re not supposed to tell the truth about authoritarians and communists.

The first rule of communism: Don’t talk about communism.

 
 
Comment by mathguy
2014-03-17 17:05:08

So let me get this straight, it “could” happen “unless” . Well guess what, releasing genetically modified seeds into the ecosystem “could” cause global famine also, “unless” about a thousand other things.. Also, a nuclear disaster on the Japanese coast “could” cause a worse than Chernobyl incident, “unless” we increase federal spending on nuclear research.

You can say “could” and “unless” all day long. The person that grows some balls and makes a prediction like “99% certainty of this thing” is the person putting it on the line to make a decision about. Provably true or false. You know what? Global warming could kill your children unless you send mathguy 1 trillion dollars in robotics research funds.

Seriously.. for 1 Trillion, I will build a robot to solve this problem. 99% guarantee.

Comment by RioAmericanInBrasil
2014-03-17 17:17:52

You can say “could” and “unless” all day long. …….You know what? Global warming could kill your children unless you send mathguy 1 trillion dollars in robotics research funds.

I don’t think I “could” come up with a more ridiculous straw man as it applies to the science “unless” I were really motivated.

 
 
 
Comment by Puggs
2014-03-17 10:14:00

The great thing about having no debt are no obligations. You’re not obligated to put up with outrageous bosses or co-workers.

 
Comment by Puggs
2014-03-17 10:15:34

“Leverage” is the poor man’s euphemism for ” double down debt”.

Comment by Albuquerquedan
2014-03-17 10:35:30

Leverage can be a good thing, if you are politically connected have access to essentially 0% money and know before hand when tightening will occur. For all others, it is a dangerous game.

Comment by inchbyinch
2014-03-17 12:41:49

Yep. Know of a LA Downtown Developer that bought a beautiful 1908 bank building for $100K in the 90’s, along with other Landmark buildings, and leveraged himself into wealth. He also helps the indigent and has changed his section of DTLA into a thriving district. Some people have vision and perseverance.

 
 
 
Comment by Albuquerquedan
2014-03-17 11:01:14

Now that is how you play hardball, Mugabe’s “son” is so over his head, if we lose our reserve currency status, we go into a depression:

http://voiceofrussia.com/news/2014_03_04/268000581/

Comment by jose canusi
2014-03-17 11:44:49

Which lines up with my Charles Hugh Smith post on the Deep State and what they might do if the US is threatened with loss of reserve status on its currency. Maybe the time is now!

https://www.youtube.com/watch?v=F-t8PngHgWY

 
Comment by Albuquerquedan
2014-03-17 12:13:38

Of course, the U.S. has imposed targeted sanctions on the Russians. That is diplomatic code for minor and ineffective sanctions. However, expect to hear the phrase from Obama’s minions.

 
 
Comment by MidMoney
2014-03-17 19:22:02

Replaced by the yuan?

 
 
Comment by mmrtnt
2014-03-17 12:07:34

“Because of the concentration of manufacturing, the very feature that sent the region into a death spiral, Pittsburgh was a center of innovation and built world class research universities. Thanks to steel, Pittsburgh produces the talent that Silicon Valley so desperately needs. Pittsburgh has made the pivot from liability to asset.

“Success killed the titans of the Manufacturing Economy. High wages in steel factories and automobile assembly plants made a suburban life affordable. Today, success is killing the titans of the Innovation Economy. High wages in innovation factories make a downtown San Francisco life affordable, for some. Silicon Valley is making the pivot from asset to liability as Detroit did some 50 years ago.”

Geography of the Legacy Economy: Mapping the Next Boom

Comment by Jane
2014-03-18 04:39:31

GREAT article! And great publication - never knew of it until now. Thanks for the new knowledge!

 
 
Comment by Albuquerquedan
2014-03-17 12:29:06

Here is another example of adapting to climate change that occurs naturally. It is actually cheaper than trying to stop the use of carbon and far more effective, sea walls as I said previously also make sense. This is a very interesting way to prevent tornados. I think it deserves more research.

http://www.bbc.com/news/science-environment-26492720

 
Comment by taxpayers
2014-03-17 12:45:44

30% morts are ARMs ? wthf ^&&*(*(

Comment by Rental Watch
2014-03-18 01:18:06

No. Only for mortgages in the $417k to $1MM range. Over $1MM, it’s even higher (60%). Below $417k appear to be sub-10%.

Comment by Housing Analyst
2014-03-18 02:52:32

So 30% of all mortgages in CA are ARMs.

Good to know.

 
 
 
Comment by Albuquerquedan
Comment by RioAmericanInBrasil
2014-03-17 15:09:45

Tell the truth…..

Who do you dream about more lately Albuquerquedan? Me or Obama?

Comment by Albuquerquedan
2014-03-17 15:53:43

Neither one of you have appear in my dreams, although the correct terminology would be nightmares. Maybe you should ask Joe that question if you want to hear about someone dreaming about you. I am sure you are having dreams about both Joe and Obama but for you they would not be nightmares.

Comment by RioAmericanInBrasil
2014-03-17 16:31:17

Neither one of you have appear in my dreams,

You can admit it to yourself. You think about me Alot, in strange ways too. Come on, you’re always talking about me, even when I’m not around.

Rio is stuck in that little brain of yours. (And I’m good looking too.) But I’ve already been spoken for, for over a quarter century. I don’t ever let her read your posts because she’d want to kick your a$$, and she might be able to. I wouldn’t put it past her.

Brazilian women are volatile in more ways than one.

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Comment by Housing Analyst
2014-03-17 17:11:05

Liberace… err… lola…. At least come up with your own material.

Is every facet of you a photocopy? Artificial?

 
 
 
 
 
 
Comment by phony scandals
2014-03-17 16:09:23

ATF Raids Gun Parts Store and Seizes Customer Data

Federal judge reverses restraining order that prevented raid

Kit Daniels
Infowars.com
March 17, 2014

The Bureau of Alcohol, Tobacco and Firearms raided a gun parts manufacturer over the weekend after a federal judge overturned a restraining order preventing the raid.

ATF agents equipped with M4s and plate armor conducted the raid on Ares Armor in National City, Cali. in order to seize the manufacturer’s customer data with the help of a local locksmith who cracked the safe inside the store.

The company’s owner, Dimitrios Karras, said that the ATF targeted his company under the false claim that Ares Armor was making AR-15 lower receivers, which are classified as a firearm, and then reverting them back to unfinished receivers not classified as firearms according to the law.

Even though the ATF was informed of their mistake, according to Karras, the agency proceeded with the raid anyway in order to gain access to private customer information as well as seize the company’s inventory of unfinished receivers, known as 80% receivers.

“They said either give us these 5,000 names or we’re coming in and we’re pretty much taking everything, which is a huge, huge privacy concern and something we are not willing to do,” he added.

Last week, Ares Armor successfully filed a temporary restraining order to prevent the ATF from raiding the business, but Judge Janis L. Sammartino later allowed the agency to proceed.

The ATF also raided EP Armory last week for the exact same reasons.

“We have to wonder if this raid wasn’t as much an attempt to send a message to 80% lower customers as it was a raid for user data,” Bob Owens, the editor of BearingArms.com, wrote. “Perhaps they’re attempting to scare people away from buying from these companies, so that they go out of business.”

That’s a reasonable conclusion, considering that the ATF proceeded with the raid even though the agency was in the wrong.

And it isn’t the first time a government agency has acted against a firearm accessory supplier during the Obama Administration.

Back in December, a lead smelter in Herculaneium, Mo., which had operated since 1892, closed its doors due to heightened EPA regulations.

Because the plant was the “the only smelter in the United States which can produce lead bullion from raw lead ore,” according to the NRA-ILA, lead for traditional ammunition is now likely imported, which means higher prices for ammo.

And in the past few years, various federal agencies have been stockpiling a massive amount of ammunition, estimated at over two billion rounds, which has contributed to ammo shortages across the country.

All of this is simply backdoor gun control.

This article was posted: Monday, March 17, 2014 at 1:24 pm

 
Comment by Muggy
2014-03-17 18:23:25

Debt kills…

 
Comment by Puggs
2014-03-17 21:19:15

Debt is dumb!

 
Comment by Housing Analyst
2014-03-17 22:01:25

Debt is for donkeys.

 
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