March 24, 2014

Bits Bucket for March 24, 2014

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




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290 Comments »

Comment by Housing Analyst
2014-03-24 02:39:23

“Do you want to lose a lifetime of earnings and wages? Just buy a house at current inflated asking prices and the losses will be guaranteed.”

And borrowing for it for 30 years doubles the losses.

Comment by real journalists
2014-03-24 05:59:02

“I have so much money left over after “throwing money away on rent” every month that I don’t know where to throw it.”

You better believe it.

Comment by Bill, just South of Irvine
2014-03-24 07:08:17

Debt is dumb

Comment by real journalists
2014-03-24 07:41:56

The girl I was skiing with Saturday owns nine pairs of skis.

She knows exactly where money thrown away should be thrown :)

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Comment by Albuquerquedan
2014-03-24 10:55:52

Probably gifts from her other boyfriends. When are you buying her skies? :)

 
Comment by Albuquerquedan
2014-03-24 12:07:05

skies=skis but they sky is the limit on what you will spend on her.

 
Comment by Whac-A-Bubble™
2014-03-24 18:56:23

Sounds like the skies the limit for that girl!

 
 
 
 
Comment by Blondiegirl
Comment by Housing Analyst
2014-03-24 08:04:45

Yes. “Gauranteed appreciation” says Remax CEO and FedRes board member Margaret Kelly.

 
 
 
Comment by albuquerquedan
2014-03-24 03:24:19

The ask on palladium has gone over $800 an Oz. Is it just due to the strike in South Africa or is it a sign that the Russian situation is going worse?

Comment by Guillotine Renovator
2014-03-24 10:20:11

S P E C U L A T I O N

Learn what it is, and stop trying to attach fundamentals to bubbles. Expand your mind.

Comment by Housing Analyst
2014-03-24 10:32:45

“Expand your mind.”

…. or get your doors blown off at The Housing Bubble Blog.

 
 
 
Comment by Housing Analyst
2014-03-24 05:06:10

How do I become a senator or congressman? I want to set up my own little kingdom and profit center.

Comment by real journalists
2014-03-24 12:39:36

Be born in Kenya
Grow up in Indonesia (eating dog meat)
Get high with the “Choom Gang” in high school
Use fake Columbia transcripts to get into Harvard Law
Befriend wealthy campaign donors in Chicago bathhouses
Run campaign on Hope and Change and win on white liberal guilt

Comment by Blackhawk
2014-03-24 12:48:51

And learn how to kiss a lotta a$$

Comment by Albuquerquedan
2014-03-24 13:12:00

And learn how to kiss a lotta a$$ I think he covered that with:

Befriend wealthy campaign donors in Chicago bathhouses

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Comment by Oddfellow
2014-03-24 16:06:05

Have a rich and/or politically-connected daddy. That gives you much better odds of being a senator than being born in Kenya.

Comment by rms
2014-03-24 18:42:15

+1 Cronyism and nepotism works!

 
 
 
Comment by Whac-A-Bubble™
2014-03-24 05:33:43

Is China headed down the road towards a ’systemic crisis’?

Comment by Whac-A-Bubble™
2014-03-24 05:36:50

Are China’s ‘ghost’ cities building towards economic ruin?
Date March 22, 2014
Philip Wen
China correspondent for Fairfax Media

Demons are lurking behind China’s unprecedented housing projects.

Fears of property oversupply in China’s poorest province

Massive urban redevelopment projects in Guizhou are prompting fears of massive oversupply and fears that its capital, Guiyang will be left a ghost city.

It might be a humble third-tier city in one of the poorest parts of China, but by next year Guiyang will boast a seven-star hotel centred on a 67-storey, 400-metre-tall skyscraper.

It will be home to new ”world-standard” amusement parks, a water world and an opera house. Not content with having one Petronas Towers lookalike, Guiyang is building two sets of twin towers. And what city would be complete without its very own monorail humming through its skyline? Guiyang is building one of those, too.

Yet the most ambitious aspect of the transformation of Guiyang - the largest urban redevelopment project in China - is the sheer volume of residential apartments it has lined up.

More than 150 square kilometres of property floor space will be built and put on the market in the next three years, enough to house 3 million more people in a city with a population of just 4.3 million - prompting fears Guiyang will be home to China’s next ghost city, alongside infamous examples in Inner Mongolia’s Ordos and in Wenzhou.

Guiyang is but one example of the quixotic nature of centrally planned urbanisation. Just last week, China announced a sweeping plan to manage the next stage in one of the greatest migrations in human civilisation.

The central government expects 100 million more rural residents to move into cities by 2020, on top of 100 million former farmers already in cities but lacking access to basic services. This means hospitals and schools, roads and railways and, above all, housing - lots of it - need to be built.

But with China already grappling with the risks presented by its extensive shadow banking sector and surging local government debts, analysts are warning that the biggest demons lurk in its overheated property market.

We believe that a sharp property market correction could lead to a systemic crisis in China, and we regard it as the biggest risk that China’s economy faces,” says Zhang Zhiwei, a research analyst at Nomura.

Comment by AbsoluteBeginner
2014-03-24 06:59:48

‘The central government expects 100 million more rural residents to move into cities by 2020, on top of 100 million former farmers already in cities but lacking access to basic services. This means hospitals and schools, roads and railways and, above all, housing - lots of it - need to be built.’

They’re nationwide.

Comment by Albuquerquedan
2014-03-24 07:16:04

Yellen is at the wheel here so my bet is that we crash first, China can and should spend more money on infrastructure to keep its economy going.

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Comment by Blue Skye
2014-03-24 07:57:06

You bet, with another $50Trillion of debt. They take away the poor people’s houses and “plan” for them to buy palaces.

 
Comment by Albuquerquedan
2014-03-24 08:12:19

BEIJING (Reuters) - China’s economy may still grow around 7.5 percent this year despite signs of a slowdown, and there is no immediate need for the government to roll out fresh stimulus measures, Asian Development Bank (ADB) President Takehiko Nakao said on Monday.

Nakao, former Japanese vice finance minister for international affairs, told Reuters he expects China’s annual economic growth to be still roughly in line with the government’s target, although there may be “ups and downs”.

ADB is revising its forecast on China’s growth for 2014, currently at 7.5 percent, he said, but did not elaborate.

Chinese leaders face a challenge to keep the world’s second-largest economy on an even keel while forging ahead with a long list of market-based reforms announced at a key party meeting late last year, he said.

He said that some short-term stimulus might be necessary to smooth out volatility in the economy, but there was no immediate need as growth remains healthy due to the country’s ongoing urbanization and rising consumption.

“At this moment, I don’t think China needs to resort to a stimulus package,” he said, adding that the economy will likely grow at a rate of around 7.5 percent.

 
Comment by Blue Skye
2014-03-24 10:08:39

China’s engine of growth is very inefficient. They get $1 of growth for every $4 of new debt.

 
Comment by Albuquerquedan
2014-03-24 10:30:44

And what is that number presently in the U.S.? Debt is virtually always a very inefficient driver of growth. But I am willing to bet since they produce more of their own goods they have better success than we do.

 
Comment by Blue Skye
2014-03-24 11:18:16

Their stability or continued prosperity is not about them being able to make their own stuff. It is about a credit pyramid and how fragile that is. China has the biggest credit bubble on the planet and that is how they became an export giant and achieved miraculous growth. Their growth slowed just a little bit and we are already hearing about defaults and speculation losses. How are they different from the US in the 1920s?

 
Comment by Albuquerquedan
2014-03-24 11:41:23

Their stability or continued prosperity is not about them being able to make their own stuff. It is about a credit pyramid and how fragile that is

Their business debt is high, but their personal debt and federal government debt is low. So I do not see an imminent collapse but they are not too far behind us.

 
Comment by Albuquerquedan
2014-03-24 15:05:25

If you include all debt in China, private and public you are looking at debt just over 216% of GDP do the same thing in the U.S. including GSEs and you have debt of 360%. China is bad and catching up fast but no where near the U.S. so its collapse will come after our collapse which will probably occur prior to the 2016 election, it looks like 2016 will be the mirror image of 2008.

http://www.forbes.com/sites/jackperkowski/2014/01/21/chinas-debt-how-serious-is-it/

 
 
Comment by jose canusi
2014-03-24 07:16:32

LOL, it’s like building urban prison camps to herd the population into easily manageable areas.

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Comment by Albuquerquedan
2014-03-24 10:06:10

Jose, if I lived in NYC I would agree with you on NG. However, where I live the pipeline is about five years old

http://www.nytimes.com/2014/03/24/nyregion/beneath-cities-a-decaying-tangle-of-gas-pipes.html?ref=nyregion

 
 
 
Comment by oxide
2014-03-24 07:25:24

“Ameusment parks”

What’s the hourly wage for running a tilt-a-whirl? Enough to afford one of these new dwellings?

 
 
Comment by j-j-j-joe
2014-03-24 06:42:17

you’re a smart guy PB, I’m sure you know the answer to this question^^

Comment by Whac-A-Bubble™
2014-03-24 07:43:15

Of course I do. But it perpetually amazes me how long it takes most of the rest of the world to catch on.

 
 
 
Comment by Blackhawk
2014-03-24 05:44:35

NCAA Basketball.

What a weekend. BH had some time to watch some awesome games on Sunday. Plus all of my Final Four picks are alive. Louisville MSU Florida and AZ.

Did anyone see that AZ vs Gonzaga game? AZ is looking good.

Kentucky vs Wichita State? What a game.

Comment by j-j-j-joe
2014-03-24 06:17:10

Didn’t see a single game, bro. Does that mean I’m going to get gay AIDS?

Comment by Albuquerquedan
2014-03-24 07:23:42

Only if you keep hanging with Lola.

 
Comment by Northeastener
2014-03-24 07:48:26

Didn’t see a single game, bro.

You’re not alone… the only professional sport I watch less than basketball is hockey. College hoops? I’d rather someone poked me in the eye with a sharp stick.

I watch MLS and Premier League Soccer which some people think is about as fun as watching paint dry.

 
 
Comment by Bill, just South of Irvine
2014-03-24 07:11:54

Too much of an investment of my time, so I did not watch. But go Wildcats!

 
Comment by aNYCdj
2014-03-24 08:37:58

If all these fans would take their season tickets and put that money into their retirement accounts…..oh wait let someone else worry about that…….Oh OH wait…… i want my $7 chili dawg in a new ballpark…..its so special!!!!

 
Comment by Cactus
2014-03-24 09:17:52

I watched my kids play basketball in Palm Springs last weekend.

Hectic almost got hit by a 80 year old driver with a 100 year old passenger. City of the living dead.

Weather just like Phoenix nice in March.

 
 
Comment by joe
2014-03-24 06:09:16

DOJ knows mortgage fraud is rampant, but does nothing about it. This article is great, the quotes in it are great, such as this one: “The inspector general’s report, however, shows that the F.B.I. considered mortgage fraud to be its lowest-ranked national criminal priority. In several large cities, including New York and Los Angeles, F.B.I. agents either ranked mortgage fraud as a low priority or did not rank it at all. ”

See below for a longer excerpt and link to the story.

—————————

http://abovethelaw.com/2014/03/despite-promises-to-fight-mortgage-fraud-doj-basically-ignored-it-then-claimed-success-with-faulty-stats/

A few months ago, we noted that the FBI had quietly admitted that its primary function was no longer law enforcement (as it was supposed to be), but rather “national security.” Because fighting terrorism is hot. Putting bankers destroying the economy in jail? Not hot. As we noted at the time, the numbers showed that the FBI was putting a huge part of its budget towards “counterterrorism” (potentially doing much more to destroy your civil liberties than the NSA) and its efforts to take down white collar crime was dropping significantly.

A new report from the Justice Department’s Inspector General confirms this finding. It also notes that, despite President Obama and Attorney General Eric Holder promising (yeah, I know…) that cracking down on “mortgage fraud” was a top priority, the FBI has actually put it near the bottom of the list of actual priorities. Say one thing, do another.

Comment by Housing Analyst
2014-03-24 06:57:03

Liberace!

Comment by j-j-j-joe
2014-03-24 07:04:04

(living in your skull, rent free)

Comment by Albuquerquedan
2014-03-24 07:17:18

How long before you establish adverse possession?

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Comment by j-j-j-joe
2014-03-24 07:33:27

interesting bar exam question

 
 
Comment by Housing Analyst
2014-03-24 07:36:23

Cmon Lib. You can do better than that.

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Comment by Paladin
2014-03-24 15:42:41

Mortgage fraud should be removed from the FBI assignments. I helped them bust three mortgage fraud rings, but about 20 other cases went begging because they were under $1,000,000.

Create a new agency tasked with cracking down on all mortgage fraud. I don’t see that many new cases these days, but it is still out there. Curiously the FBI had no interest in prevention, only in waiting for the crime to occur then opening a file. An FBI agent visiting a few real estate offices every year would put the “fear of God” into the local real estate community.

Comment by rms
2014-03-24 19:08:49

“Create a new agency tasked with cracking down on all mortgage fraud.”

There’s already the Office of the Inspector General; these are the guys who are feared by the Secret Service and Senators alike when they welsh on their prostitute’s fees.

As soon as the taxpayers are on the hook due to a financial guarantee, the OIG should be called in to gather-up all relevant data and the alleged perpetrators from both sides of the financial contract, and present them to a tribunal designed to suss facts.

 
 
 
Comment by j-j-j-joe
2014-03-24 06:11:25

Black kids get disciplined more in school for the same problems. So, of course, Holder has gotten the DOJ involved. The Dept of Education (Arne Duncan) has also gotten involved:

—————————–

New government data reveals racial disparities in schools extend even to pre-school. “It is clear that the United States has a great distance to go to meet our goal of providing opportunities for every student to succeed,” Secretary of Education Arne Duncan says

Black students in American public schools are significantly more likely than white students to be suspended and the racial disparity begins even as early as preschool, according to a new government report.

The data released Friday by the Department of Education’s Office for Civil Rights portrays significant racial disparities that persist across the public education system. Black students, for instance, represent just 18 percent of preschool enrollment but 42 percent of the students who are suspended once. Only about 60 percent of public school districts offer some form of preschool.

“It is clear that the United States has a great distance to go to meet our goal of providing opportunities for every student to succeed,” Secretary of Education Arne Duncan said in a statement.

The report notes that suspended students are more likely to be suspended again and less likely to graduate.

“Every data point represents a life impacted and a future potentially diverted or derailed,” Attorney General Eric Holder said. “This Administration is moving aggressively to disrupt the school-to-prison pipeline in order to ensure that all of our young people have equal educational opportunities.”

The report echoed complaints long made by advocates for more equity in the education system. Ricardo Martinez, who runs Padres y Jóvenes Unidos, a Colorado nonprofit devoted to ending what it sees as a school-to-prison pipeline, said the problem extends far beyond preschool. “If a student mouths off to a teacher, a white student might just get a talking to, but an African American male would get sent to the dean,” he said.

Martinez said that some of the harsh discipline resulted from zero-tolerance policies implemented in the aftermath of the Columbine school shooting, but that black and Latino students seemed to bear the brunt of the punishments. “The reaction to Columbine became a real over-reaction,” he said. “We want to keep schools safe, but it became such a detriment to most students, especially students of color, because everything became a crime.”

Increased police presence in schools and over-reaction to small misbehaviors, Martinez added, is funneling more kids out of classrooms and into situations where they are more likely to run into trouble with the law. “Every time a police officer is called in and a student is paraded through with their hands cuffed, how many tens of students have seen that?” he said. “Because of the way the institutional racism works, especially in these communities, there’s a very strong prison-like environment, where no deed goes unpunished.”

Among the other findings in the report, which was billed as the first comprehensive look at civil rights data drawn from public schools in more than a decade, is that black and Latino students are more likely to have less experienced, lower-paid teachers.

http://time.com/33514/report-black-preschoolers-suspended-more-than-whites/?hpt=hp_t2

Comment by real journalists
2014-03-24 07:29:13

Denver Post - Child poverty rate in Colorado rises above prerecession years

“Black children were hit the hardest over the five years covered in the report. The number of black children living in poverty spiked from 28 percent in 2007 to 41 percent in 2012. Latino children have the second-highest rate of poverty, at 31 percent, but the number was flat from 2007 to 2012.”

What the article fails to mention is that out of Colorado’s population of six million, there are only 100 black children in the whole state, so only 41 black children are in poverty, quoting the percentage makes the number seem excessively high to people who don’t know the details.

Comment by Dolly Llama
2014-03-24 08:09:30

Is Colorado too hip for black people?

Comment by Albuquerquedan
2014-03-24 08:18:15

“Black children were hit the hardest over the five years covered in the report. The number of black children living in poverty spiked from 28 percent in 2007 to 41 percent in 2012.

Unfortunately, this is not limited to Colorado. It is directly related to increased competition between illegals and blacks and the illegal unemployment rate is lower that the black rate.

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Comment by Albuquerquedan
 
Comment by Albuquerquedan
2014-03-24 08:56:35

The PTB wanted Obama in office precisely because they know that blacks are feeling the negative impacts of globalization and illegal immigration more acutely than any other group. The Obamas have their trappings of wealth and power while the average black suffers from the above policies which continued to be facilitated by this administration. The PTB who certainly do not suffer from a lack of intelligence, only a lack of morality, correctly assumed that black’s loyalty to the first black president would prevent them from rioting due to their rapid deterioration in the quality of lives. The statistics for black household wealth are even more grim than the poverty numbers. Over the last five years, decades of progress have been wiped out. Had Romney been elected the inner cities would have been on fire unless he changed course rapidly. Ironically, he would have had to keep his promises on immigration, China and middle class capital gains taxes. While the PTB did not mind him promising those things, they certainly did not want him in office if he would have to actually implement them.

 
Comment by RioAmericanInBrasil
2014-03-24 09:09:09

(The PTB) correctly assumed that black’s loyalty to the first black president would prevent them from rioting due to their rapid deterioration in the quality of lives.

As I said months ago, those on the far right fringe who do not like a black President would start coming up with wacko excuses of stuff like why Obama was elected twice with over 50% of the vote or how the ACA passed.

It so rattles their cage that they have to explain it to themselves like Obama pulled a fast one or the PTB pulled a fast one.

Obama won twice, fair and square. Deal with it without a bunch of wacko “theories”.

 
Comment by Housing Analyst
2014-03-24 09:21:47

Good morning Lola. Lucrative weekend?

 
Comment by Albuquerquedan
2014-03-24 09:28:19

The truth hurts doesn’t it? Obama is just a puppet of the PTB. Why do you think he gets all the favorable coverage from news outlets like Bloomberg.

 
Comment by RioAmericanInBrasil
2014-03-24 09:32:21

The truth hurts doesn’t it?

What truth hurts? That a cocky black dude beat two old GOP white dudes, (way more in with the PTB than Obama) twice by over 50% of the vote?

Except that Obama is a tool on many issues, that truth does not hurt so much at all.

But it sure freaks you out.

 
Comment by Albuquerquedan
2014-03-24 09:46:28

What truth hurts? That a cocky black dude beat two old GOP white dudes, (way more in with the PTB than Obama) twice by over 50% of the vote?

You mean the tool of the .01% that are probably 99% white or Asian?

 
Comment by Albuquerquedan
 
Comment by RioAmericanInBrasil
2014-03-24 10:08:19

Facts are stubborn things:

That America’s 34 year experiment with Supply-side, rich-get-richer economics have hammered minorities, the poor and the middle-class?

Those facts?

 
Comment by Albuquerquedan
2014-03-24 10:19:51

We abandoned supply side economics when Reagan left office and the British abandoned it when Thatcher left office. It has been globalization with the U.S. being the demand through debt accumulation and Obama has only increased that policy.

 
Comment by RioAmericanInBrasil
2014-03-24 13:42:23

We abandoned supply side economics when Reagan left office

On what planet did we “abandon” Supply-Side/TrickleDown?

Supply-Side Economics Definition:
An economic theory which holds that reducing tax rates, especially for businesses and wealthy individuals, stimulates savings and investment for the benefit of everyone. also called trickle-down economics. Investorwords dot com

Supply-Side Economics Definition:
……Also called trickle down economics because its proponents believe making the rich richer eventually helps the poor when the benefits of an expanding economy seep down to them. See also Laffer curve and trickle down theory.
businessdictionary dot com

 
Comment by Albuquerquedan
2014-03-24 13:56:57

Poor Lola having the army in his neighborhood is probably bad for business:

http://www.theguardian.com/world/2014/mar/24/brazil-army-rio-slums-violence-world-cup

 
Comment by RioAmericanInBrasil
2014-03-24 14:26:16

having the army in his neighborhood is probably bad for business

The opposite. 4 years of militarized police in the slums of Rio has helped property values soar in the nice neighborhoods next to those slums.

A hard concept for you to understand Adan? Jealous? Yes.

 
Comment by Albuquerquedan
2014-03-24 15:07:51

So your house is next to a slum? Sounds like a party admission. The way Brazil is headed, if you are in Brazil, you will soon be in a slum because they are back growing.

 
Comment by RioAmericanInBrasil
2014-03-24 15:20:24

So your house is next to a slum?

Your ignorance is an awesome read Adan. Copacabana, Ipanema, Leblon and São Conrado (some of the best neighborhoods in Rio) are all next to slums to one degree or another. They climb up the mountains.

This wealthy neighborhood is next to the biggest slum in Brazil.
São Conrado is an affluent neighborhood in the South Zone of the city of Rio de Janeiro, Brazil. wiki

São Conrado is next to this slum:
Rocinha (little farm) is the largest favela in Brazil, and is located in Rio de Janeiro’s South Zone between the districts of São Conrado and Gávea.

Do you even own a valid passport Adan?

 
Comment by Albuquerquedan
2014-03-24 16:08:02
 
Comment by Guillotine Renovator
2014-03-24 16:08:09

I wonder what percentage of young black men aspire to the druggin’, muggin’, thuggin’ lifestyle? The ghetto image is certain to turn off potential employers. Even white kids are into it, but I’m not sure the percentage is as high. Nobody is going to hire a kid with his jeans below his @ss, a major chip on his shoulder, and a “know wha ahm saayin’ G?” vocabulary. It’s a real shame who/what a lot of kids these days look up to.

 
Comment by Albuquerquedan
2014-03-24 16:13:06

There is a big difference between living on the boundaries of a slum thus potentially benefitting from an army presence and living in a large area far from the slums but the area being adjacent to a slum. You said that the army was helping your property values so you must live physically near the slum. Of course, it is an academic point since you are in D.C. and lying about everything. If you were in Brazil you would not need to be posting Democratic talking points everyday.

 
Comment by oxide
2014-03-24 16:18:42

Rio, would you consider globalization part of trickle-down economics, or are trickle-down and globalization just two separate means to the same end of satisfying greed?

 
Comment by oxide
2014-03-24 16:24:39

GR, I suspect that the white kids can put on a suit and turn off their thuggin’ fakery like a light switch. Not so for the non-white. I was once in a local grocery store and one of the baggers threw off his smock and let off the rapper version of “take this job and shove it.” At that point, no amount of lib is going to help.

 
Comment by RioAmericanInBrasil
2014-03-24 17:29:22

You said that the army was helping your property values so you must live physically near the slum.

Now you can’t even comprehend English now Adan? Rattled again?

“Copacabana, Ipanema, Leblon and São Conrado (some of the best neighborhoods in Rio) are all next to slums to one degree or another.”

 
Comment by RioAmericanInBrasil
2014-03-24 17:38:39

would you consider globalization part of trickle-down economics

Yes. I consider the pace of America’s embrace of globalization part of trickle-down’s lie, as it benefited the rich/corporations at the expense of the rest of us.

Trickle-down’s guru, Reagan began our rush to globalization, even the conservative Cato Institute brags about it.

It failed us.

 
Comment by reedalberger
2014-03-24 18:20:57

Reagan left office 26 years ago. He was but a refreshing intermission in the ongoing left wing fascist coup d’état.

Also, progressives invented globalism, they need the world to be in lock step. America’s constitution has been getting in the way all these years, all we need is a few more years of “fundamental transformation”.

 
Comment by RioAmericanInBrasil
2014-03-24 18:26:08

Reagan left office 26 years ago.

You don’t get it. Reagan’s neoliberal trickle-down failed philosophy has never left office.

Neoliberalism is a political philosophy whose advocates support economic liberalizations, free trade and open markets, privatization, deregulation, and enhancing the role of the private sector in modern society

left wing fascist

Study words and some history.

 
Comment by Tarara Boomdea
2014-03-24 22:19:40

Comment by oxide
2014-03-24 16:24:39
I was once in a local grocery store and one of the baggers threw off his smock and let off the rapper version of “take this job and shove it.” At that point, no amount of lib is going to help.

Half Baked

 
 
 
 
 
Comment by j-j-j-joe
2014-03-24 06:13:26

Add this one to the dossier on urban v rural America.

Good graphic here: http://online.wsj.com/news/interactive/RURALURBAN0321?ref=SB10001424052702303636404579395532755485004

Article link & excerpt below:

———————————-

http://online.wsj.com/news/articles/SB10001424052702303636404579395532755485004?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303636404579395532755485004.html

EL DORADO SPRINGS, Mo.—The owner of the nicest restaurant in town doesn’t serve alcohol, worried that his pastor would be disappointed if he did. Public schools try to avoid scheduling events on Wednesday evenings, when churches hold Bible study. And Democrats here are a rare and lonely breed.

Older, nearly 100% white and overwhelmingly Republican, El Dorado Springs is typical of what is now small-town America. Coffee costs 90 cents at the diner, with free refills. Two hours north and a world away in Kansas City, Starbucks charges twice that, and voters routinely elect Democrats.

There have always been differences between rural and urban America, but they have grown vast and deep, and now are an underappreciated factor in dividing the U.S. political system, say politicians and academicians.

Comment by MightyMike
2014-03-24 07:37:57

Most of the people who live in the WSJ’s urban America probably live in the suburbs.

Comment by oxide
2014-03-24 09:00:18

Mother Earth News (pretentious lib fake homesteading rag) thinks of suburbs as city lots. I agree. IMO “rural” starts where the city sewer lines end.

Comment by Blackhawk
2014-03-24 12:54:33

I like that definition and I’m surprised you don’t like Mother Death.

What’s too liberal about Mother Earth? My dad has been a subscriber for years and he drives his HOA mad trying to grow things.

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Comment by oxide
2014-03-24 16:40:03

ME is too liberal because they don’t admit the truth; that all this happy-go-lucky self sufficiency of solar panels and whatever takes MONEY and lots of it. As in, the type of money that only cubicle dwelling yuppie sell-outs can accumulate. All their pictures are clean and idealistic and beautiful as if Martha Stewart’s stylist crew did a sweep before the cameras came. And if they can’t make it look good, they draw a cute cartoon. Real farming — especially of animals — is hard nasty dirty work.

ME’s are the people that sweep into the country to “escape the rate race” and are promptly hated by the locals.

By they way, you and your dad may enjoy Backwoods Home instead of ME. BH is extremely libertarian and much more realistic. The website address is exactly what you would expect it to be.

 
 
 
Comment by j-j-j-joe
2014-03-24 09:01:49

It’s based off of census designations. I’m not sure what density the census uses for urban vs suburban. For larger cities, I’m sure at least the inner ring suburbs are considered urban. For huge cities like NYC/LA, it probably extends pretty far out, e.g. 30 miles out onto Long Island.

Comment by MightyMike
2014-03-24 09:17:55

Yes, I believe that I read somewhere that not a single township in New Jersey is considered to be rural.

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Comment by Housing Analyst
2014-03-24 09:23:24

You’ve never been to south Jersey.

 
Comment by MightyMike
2014-03-24 09:30:56

No, that’s my point. The Census bureau considers the entire state to be urban, which is an oversimplification.

 
Comment by j-j-j-joe
2014-03-24 10:59:54

Are you sure about that? NW Jersey (once you get passed Morristown) is pretty rural, like near the Poconos/Delaware Wind Gap.

Same with South Central NJ–go below Fort Dix/McGuire AFB and you could drive forever without stopping, just avoid the shorepoints during the summer. Tons of empty land, pine barrens, farm land.

NJ is the most densely populated state though, by a comfortable margin. The dense population lives on a certain notorious train/automobile corridor that shall remain nameless. Even that roadway corridor goes through some rural areas before you cross into Del., like below exit 2.

 
Comment by real journalists
2014-03-24 11:49:49

There’s this place outside of the I-95 corridor called “America”, you should check it out sometime.

http://www.picpaste.com/pics/IMG_20140323_084742_869-j8i3qel6.1395686822.jpg

 
Comment by Albuquerquedan
2014-03-24 12:28:53

So B.J. is still Joe and you still are Real Journalist? You guys need to stop changing names every five minutes.

 
Comment by MightyMike
2014-03-24 18:12:20

I didn’t have time to read about it in detail. However, the Census Bureau has apprarently defined a number of metropolitan areas around the country. An area is considered to be rural only if it is not part of some metropolitan area and all of New Jersey is part of one of those areas.

http://www.census.gov/geo/reference/urban-rural.html

 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 18:29:26

Yeah, rural is a place where you can find more antelope than people. It’s unincorporated land that may be agricultural, sort of useless, or a Native American reservation. The people who live there need to provide their own energy, water, plumbing, and often food. They sometimes get stuck at home because they don’t have enough gas to make it to the nearest station. It’s not just a place that has pretty scenery and a lack of high-rises.

 
 
 
 
 
Comment by San Diego RE Bear
2014-03-24 06:23:14

Happy Birthday Ben!

Hope this year is amazing!

Comment by Albuquerquedan
2014-03-24 07:12:04

Yes, Happy Birthday Ben. Heard David Stockman on Bloomberg radio today, he was talking about how this country has 30 trillion dollars in excess debts when you combine private and public and compare it to normal ratios. That should create an interesting crash. You may get your vindication soon.

 
 
Comment by real journalists
2014-03-24 06:42:27

And now for some real journalism

“The U.N. weather agency blames human impact on the global climate for much of last year’s extreme weather that wreaked havoc in Asia and the Pacific region and in Europe.

“Many of the extreme events of 2013 were consistent with what we would expect as a result of human-induced climate change,” (secretary-general Michel) Jarraud said.

http://www.huffingtonpost.com/2014/03/24/extreme-weather-events-un-ipcc_n_5020012.html

Real journalists pull the Nazi card

“Global warming ‘deniers’ are as bad as ‘Holocaust deniers’ because climate change is “as certain as Auschwitz”, a Guardian columnist, Nick Cohen, has claimed.

Anyone who disagrees with this is a “bed-wetting kidult”, he says.

http://www.breitbart.com/Breitbart-London/2014/03/23/Climate-Change-As-Certain-As-Auschwitz-claims-Guardian

Comment by Albuquerquedan
2014-03-24 07:06:19

Posted on March 24, 2014 by Anthony Watts

This is interesting, somehow the Earth managed to reduce a good portion of the Arctic Ice Cap during the Holocene Climate Optimum from approximately 10,000-6,000 years ago without the help of the industrial revolution, fossil fuels, or automobile emissions.

From WUWT today, excerpt:

This new paper published in Quaternary Science Reviews finds Arctic sea ice extent and thickness was much less than present-day conditions and according to the authors,

“Arctic Ocean sea ice proxies generally suggest a reduction in sea ice during parts of the early and middle Holocene (∼6000–10,000 years Before the Present) compared to present day conditions.”

The authors show how 8 different proxy studies reveal extended periods lasting hundreds of years without perennial sea ice in the Arctic [ice-free conditions], and find solar insolation explains these changes. See figure 4 from the paper below.

Comment by RioAmericanInBrasil
2014-03-24 08:59:38

This is interesting, somehow the Earth managed to reduce a good portion of the Arctic Ice Cap during the Holocene Climate Optimum KochBros NetPropganda manual, page 32

Got vested interests?

“Putting the idea of the “speed bump” or “pause” in perspective, climate expert Dana Nuccitelli explains how it has acted as a vague and helpful “myth” to those with a vested interest in not addressing the perils of climate change. He writes:

Many popular climate myths share the trait of vagueness. For example, consider the argument that climate has changed naturally in the past. Well of course it has, but what does that tell us? It’s akin to telling a fire investigator that fires have always happened naturally in the past. That would doubtless earn you a puzzled look from the investigator. Is the implication that because they have occurred naturally in the past, humans can’t cause fires or climate change?

The same problem applies to the ‘pause’ (or ‘hiatus’ or better yet, ’speed bump’) assertion. It’s true that the warming of average global surface temperatures has slowed over the past 15 years, but what does that mean? One key piece of information that’s usually omitted when discussing this subject is that the overall warming of the entire climate system has continued rapidly over the past 15 years, even faster than the 15 years before that.”
common dreams dot org

Comment by mathguy
2014-03-24 11:18:51

> It’s akin to telling a fire investigator that fires have always happened naturally in the past.

I’m glad you brought this up Rio. Because forest fire policy is a great example of another way we decided that to protect the our usage of the environment, we should prevent all forest fires. This led to overgrowth of forests, and extreme ecological damage when 60 years of undergrowth buildup caused the forests to burn entirely to the ground, ruining centuries of natural growth.

The best intentions sometimes cause the worst problems.

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Comment by Albuquerquedan
2014-03-24 11:44:25

I point I have made often. BTW, latest news about Arctic ice: I would say that the AMO is starting to turn negative due to Arctic ice hitting close to a decade high.

 
 
 
Comment by RioAmericanInBrasil
2014-03-24 13:45:23

forest fire policy….The best intentions sometimes cause the worst problems.

Yes. Intensive efforts to cutback on pollution would cause the “worst problems”.

 
Comment by RioAmericanInBrasil
2014-03-24 13:53:09

Arctic ice hitting close to a decade high.

Newsflash:
Extent is different than volume. Thick arctic sea ice is in rapid retreat.

Has Arctic sea ice returned to normal?

http://www.skepticalscience.com/Has-Arctic-sea-ice-recovered.htm

Discussions about the amount of sea ice in the Arctic often confuse two very different measures of how much ice there is. One measure is sea-ice extent which, as the name implies, is a measure of coverage of the ocean where ice covers 15% or more of the surface. It is a two-dimensional measurement; extent does not tell us how thick the ice is. The other measure of Arctic ice, using all three dimensions, is volume, the measure of how much ice there really is.

Sea-ice consists of first-year ice, which is thin, and older ice which has accumulated volume, called multi-year ice. Multi-year ice is very important because it makes up most of the volume of ice at the North Pole. Volume is also the important measure when it comes to climate change, because it is the volume of the ice – the sheer amount of the stuff – that science is concerned about, rather than how much of the sea is covered in a thin layer of ice*.

 
Comment by Albuquerquedan
2014-03-24 16:15:26

Amazing. Before water can become old ice, it needs to become new ice. The excuses the AGW crowd will come up with to try to deny that unlike they predicted the ice is not disappearing, it is growing.

 
Comment by RioAmericanInBrasil
2014-03-24 17:46:39

The excuses the AGW crowd will come up with to try to deny that unlike they predicted the ice is not disappearing, it is growing.

I know dude. A 6 square foot 10 pound sheet of ice is much bigger than a 2 square foot 30 pound sheet of ice.

Because of your math and stuff.

“it is the volume of the ice – the sheer amount of the stuff – that science is concerned about, rather than how much of the sea is covered in a thin layer of ice*.”

 
Comment by reedalberger
2014-03-24 18:27:55

The march of left wing fascists can not succeed without a villain. Take your pick: Carbon emissions, business owners, white privilege, guns, hate speech, good tasting food, smoking (cigarettes but not marijuana), etc.

 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 18:45:16

Wait, so now you’re saying that Republicans are all SUV-driving, over-privileged, violent, hateful, fat, sober smokers?

 
 
 
 
Comment by Albuquerquedan
2014-03-24 07:09:03

No warming for almost twenty years despite soaring levels of co2 but man is causing these problems due to AGW. Yea, that is real logical.

Comment by RioAmericanInBrasil
2014-03-24 08:53:57

“No warming for almost twenty years” KochBros NetPropaganda manual page 23

(A myth) that climate change denialists have seized on to foment doubt among the general public—

http://www.commondreams.org/headline/2014/02/10

There Is No Warming “Pause,” says Study: Planet, Oceans Are Burning Up
Though surface temperature increases have slowed in recent years, global warming is accelerating rapidly as the oceans heat up

Global warming has not “paused.” Climate change has not hit a “speed bump.” The planet’s temperature is not remaining steady and it certainly isn’t cooling. Earth, especially its ocean, are heating up… and rapidly.

Those are the findings and the consensus of the global scientific community. And a new study shows that the detectable slowdown of global surface temperature increases over the last fifteen years—a trend that climate change denialists have seized on to foment doubt among the general public—is, in fact, the result of a terrifying phenomenon in which the planet’s deep oceans are increasingly absorbing the world’s excess carbon, offering a false sense of temperature stability when the reality is very much the opposite.

The new study, conducted by U.S. and Australian scientists and presented in the journal Nature Climate Change, shows that unusually powerful trade winds in the Pacific Ocean have contributed to pushing the warmer ocean waters to greater depths, creating an illusion of a warming plateau on the surface.

As the Guardian reports:

The findings should provide fresh certainty about the reasons behind the warming hiatus, which has been claimed by critics of mainstream climate science as evidence that the models are flawed and predictions of rising temperatures have been exaggerated.

The UN’s Intergovernmental Panel on Climate Change (IPCC) addressed the warming pause issue in its 2013 climate report, pointing out that the Earth is going through a solar minimum and that more than 90% of the world’s extra heat is being soaked up by the oceans, rather than lingering on the surface.

According to the study, acceleration of Pacific trade winds has been twice as strong in the past 20 years compared with the prior 80 years and suggests the surface warming “hiatus” could “persist for much of the present decade if the trade wind trends continue.” However, warn the scientists, when the winds return to their long-term average speeds, rapid surface temperature warming will resume and the consequences could be dire.

Comment by Albuquerquedan
2014-03-24 09:09:09

The UN’s Intergovernmental Panel on Climate Change (IPCC) addressed the warming pause issue in its 2013 climate report, pointing out that the Earth is going through a solar minimum and that more than 90% of the world’s extra heat is being soaked up by the oceans, rather than lingering on the surface.

The unicorn theory. They have no actual evidence of that, no readings to confirm it, they just have to say the heat that the models predicted would be there so they claim it is in the oceans.

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Comment by RioAmericanInBrasil
2014-03-24 09:15:09

The unicorn theory.
Koch NetPropaganda manual page 25

Check out the graphics - long term vs short term thinking.

http://www.skepticalscience.com/graphics.php?g=47

“One of the most common misunderstandings amongst climate change “skeptics” is the difference between short-term noise and long-term signal. This animation shows how the same temperature data (green) that is used to determine the long-term global surface air warming trend of 0.16°C per decade (red) can be used inappropriately to “cherrypick” short time periods that show a cooling trend simply because the endpoints are carefully chosen and the trend is dominated by short-term noise in the data (blue steps). Isn’t it strange how five periods of cooling can add up to a clear warming trend over the last 4 decades?

 
Comment by Albuquerquedan
2014-03-24 09:31:37

I have posted numerous posts that show that we are still 2 degrees Celsius below a normal interglacial period. There is nothing abnormal about a .16C increase per decade in an interglacial period. It happen when less than a few thousands humans walked the planet and the only co2 they put in the air was from breathing and burning wood.

 
Comment by RioAmericanInBrasil
2014-03-24 09:34:13

I have posted numerous posts that show that we are still 2 degrees Celsius below a normal interglacial period.

From above article:

“Many popular climate myths share the trait of vagueness. For example, consider the argument that climate has changed naturally in the past. Well of course it has, but what does that tell us? It’s akin to telling a fire investigator that fires have always happened naturally in the past. That would doubtless earn you a puzzled look from the investigator. Is the implication that because they have occurred naturally in the past, humans can’t cause fires or climate change?”

 
Comment by Albuquerquedan
2014-03-24 09:35:10

A few hundred years of data is hardly looking at the long term, at least look at a few hundred thousand years of data:

http://climate4you.com/

 
Comment by RioAmericanInBrasil
2014-03-24 09:53:29

at least look at a few hundred thousand years of data:

The best scientists in the world see your thousands an raise you 65 million. Now go to your KochBros NetPropaganda manual for a dumbScience comeback.

Today’s Climate Change Proves Much Faster Than Changes in Past 65 Million Years
Climate change is occurring 10 to 100 times faster than in the past and ecosystems will find it hard to adjust

http://www.scientificamerican.com/article/todays-climate-change-proves-much-faster-than-changes-in-past-65-million-years/

The climate is changing at a pace that’s far faster than anything seen in 65 million years, a report out of Stanford University says.

If global temperatures rise 1.5 degrees Celsius over the next century, the rate will be about 10 times faster than what’s been seen before, said Christopher Field, one of the scientists on the study. Keeping the temperature increase that small will require aggressive mitigation, he said.

If the Earth stays on its current course without reversing greenhouse gas emissions, and global temperatures rise 5 degrees Celsius, as scientists say is possible, the pace of change will be at least 50 times and possibly 100 times swifter than what’s occurred in the past, Field said. The numbers are imprecise because the comparison is to an era 55 million years ago, he said.

“The planet has not experienced changes this rapid in 65 million years,”

 
Comment by Albuquerquedan
2014-03-24 10:10:43

If global temperatures rise 1.5 degrees Celsius over the next century, the rate will be about 10 times faster than what’s been seen before, said Christopher Field, one of the scientists on the study. Keeping the temperature increase that small will require aggressive mitigation, he said.

If it rises by 1.5C in the next century, it will be the most rapid in 65 million years. It has not risen by that much, can you even read, this is what they do all the time they project global warming forward at the pace it was rising between 1978-98 despite the fact it has not risen for almost twenty years.

 
Comment by RioAmericanInBrasil
2014-03-24 10:13:55

despite the fact it has not risen for almost twenty years.

“(A myth) that climate change denialists have seized on to foment doubt among the general public—”

 
Comment by mathguy
2014-03-24 11:23:39

If it’s a myth, then what was the temperature in 78, what was it in 98, and what is it today? 3 simple numbers to disprove instead of a claim. Average worldwide temperature. That is real science. If you claim to practice real science, then post those 3 simple numbers, and we will see if you are telling the truth or lying.

 
Comment by Albuquerquedan
2014-03-24 11:56:06

I will make it easy for Lola, you can find the information here: http://data.giss.nasa.gov/gistemp/tabledata_v3/GLB.Ts+dSST.txt

O’ I forgot you don’t know how to read tables so I will give you a hint. 1978 .06C above the mean, 1998, .62 C above the mean and 2013 (even with manipulation that caused this ground base data not to match the satellite data .61C above the mean. If you answer anything but that the temperature has been flat to down since 1998, you are wrong. If you look at the satellite data, the decline has been even more pronounced.

 
Comment by Blue Skye
2014-03-24 13:35:59

The table goes back to 1880. Before that we were in the “Little Ice Age”. Why is that not discussed? What caused it? Not cow farts.

One of the ironies in all this detailed “data” is that if you round up to the digit that reflects the error in measuring technique, there would be just a bunch of zeros.

 
Comment by RioAmericanInBrasil
2014-03-24 14:01:30

If it’s a myth, then what was the temperature in 78, what was it in 98, and what is it today?

Globally, 2010 is the hottest year on record, tied with 2005.

What has global warming done since 1998?

http://www.skepticalscience.com/global-warming-stopped-in-1998.htm

……it hasn’t been cooling since 1998. Even if we ignore long term trends and just look at the record-breakers, that wasn’t the hottest year ever. Different reports show that, overall, 2005 was hotter than 1998. What’s more, globally, the hottest 12-month period ever recorded was from June 2009 to May 2010.

Though humans love record-breakers, they don’t, on their own, tell us a much about trends — and it’s trends that matter when monitoring Climate Change. Trends only appear by looking at all the data, globally, and taking into account other variables — like the effects of the El Nino ocean current or sunspot activity — not by cherry-picking single points.

There’s also a tendency for some people just to concentrate on surface air temperatures when there are other, more useful, indicators that can give us a better idea how rapidly the world is warming. Oceans for instance — due to their immense size and heat storing capability (called ‘thermal mass’) — tend to give a much more ’steady’ indication of the warming that is happening. Records show that the Earth has been warming at a steady rate before and since 1998 and there is no sign of it slowing any time soon (Figure 1). More than 90% of global warming heat goes into warming the oceans, while less than 3% goes into increasing the surface air temperature.

 
Comment by RioAmericanInBrasil
2014-03-24 14:07:28

Before that we were in the “Little Ice Age”. Why is that not discussed? What caused it?

It’s been scientifically determined that the factors which caused the Little Ice Age cooling are not currently causing global warming.

What ended the Little Ice Age?

http://www.skepticalscience.com/coming-out-of-little-ice-age.htm

Climate change sceptics suggest that because the climate has changed dramatically in the past – and without man’s intervention – it is possible that current changes to the Earth’s climate are also a natural event. You may be familiar with paintings depicting Londoners skating on the frozen River Thames, when winters, at least in the northern hemisphere, were more severe. The beginning and end of this period are subject to various interpretations, but the period is referred to as the Little Ice Age (LIA) and occurred between the 16th to 19th centuries.
Limited History

If we are to understand the LIA, we need to figure out what caused it. Scientists have examined several important strands of evidence about the LIA, including the activity of the sun, of volcanoes, and ocean heat circulation, principle drivers of natural climate change.

The activity of the sun can be assessed by looking at proxies – processes we know are affected by the sun’s activity. One of these is the formation of the radioactive isotope Carbon-14 in the atmosphere, which plants then absorb. By measuring carbon-14 in tree rings and other materials we know are from a certain period, we can estimate how active the sun was at the time. This graph shows the sun’s activity over the last millennium:…………

 
Comment by Albuquerquedan
2014-03-24 14:27:21

I want people to click on that skeptical science link and see the tight correlation between sunspot activity and temperatures. For entertainment you can read how they try to explain away the obvious, it is the sun stupid.

 
Comment by Blue Skye
2014-03-24 15:21:03

It’s the stupid, son.

 
Comment by RioAmericanInBrasil
2014-03-24 16:09:34

it is the sun stupid

So Adan, you think the sun is causing global warming but there is no global warming? Right.

What does Solar Cycle Length tell us about the sun’s role in global warming?

http://www.skepticalscience.com/solar-cycle-length.htm

Claims that solar cycle length prove the sun is causing global warming are based on a single paper published nearly 20 years ago. Subsequent research, including a paper by a co-author of the original 1991 paper, finds the opposite conclusion. Solar cycle length as a proxy for solar activity tells us the sun has had very little contribution to global warming since 1975. In fact, direct measurements of solar activity indicate the sun has had a slight cooling effect on climate in recent decades while global temperatures have been rising.

 
Comment by Albuquerquedan
2014-03-24 16:32:03

Lola, all a person has to do is look at the skeptical science graph to see the connection. Of course, you also have to consider other natural factors such as the PDO, AMO and the El Nino and La Nina cycles. During 1978 to 1998 they were all supporting global warming now the last one that was still warming the AMO appears to be turning cooler along with the others. However, the AGW is hoping that a strong enough El Nino this year or next will push the world warmer than 1998 or 2010. The irony of their only hope for the AGW to claim AGW is to hope for natural help is apparent. However, even it happens the world will still be almost .4 C cooler than the models predicted for this year since the chance of any “record” being more than .01 or .02 warmer than the previous year is very remote. Moreover, it will still be 2 degrees C cooler than the average high in an interglacial period and we have hundreds of thousands of year of data to show that. What the AGW crowd is attempting to do is to use a natural cycle to convince the feeble minded that man is the primary cause of the warming.

 
Comment by RioAmericanInBrasil
2014-03-24 17:48:55

Of course, you also have to consider other natural factors such as the PDO, AMO and the El Nino and La Nina cycles.

Wow. I’m sure NASA never even thought of that stuff. Send them an email. You’re good.

 
Comment by mathguy
2014-03-24 18:18:10

Rio,

You’re trying to discredit. Dan is stating facts. If you disagree, use the scientific method. Disagreement is fine. Ignoring facts is not. Dan acknowledges that warming is occurring at a rate of .16C per decade. He has stated that evidence he has review shows that perhaps 1/7 of this amount is attributable to human action (about .2C/decade). Somehow you call him a “denier”. He has also pointed out that there is a pause in the increase since 1998.

Now you might ask yourself, “self, why does Dan even care”? Maybe he IS a Koch shill. But according to Dan, people are trying to implement carbon taxes on him. Now ask yourself, “self, which is more likely, billionaires are conspiring to post messages on a tiny blog on the internet to influence global policy, or a middle class guy is thinking for himself and arguing against policy that looks like it will cost him lots of money for dubious reasons?” .

Now, if you are having trouble distinguishing which of those two is more likely to be reality, you might want to go back and do some work with your basic logic and reasoning skills.

 
Comment by RioAmericanInBrasil
2014-03-24 18:32:42

You’re trying to discredit. Dan is stating facts. If you disagree, use the scientific method.

B.S.
NASA and science are doing the discrediting of Adan. Dan’s stating garbage, lies and bad math. I’ve shown studies from NASA to the world’s finest scientific institutions disproving every one of Adan’s short-term thinking, fuzzy-math Koch Brothers propaganda points.

It’s easy. It’s math and science. Next?

 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 19:01:26

mathguy:

It’s one thing to deny global warming. It’s another thing to be active in your stance about tax policy. Denying global warming (as Adan does but doesn’t at the same time) will only make things worse. Your opinions about the right tax policy should be discussed openly and honestly. You should not hide behind denialist theory just to avoid talking about potential taxes.

 
Comment by RioAmericanInBrasil
2014-03-24 19:10:47

You should not hide behind denialist theory just to avoid talking about potential taxes.

Amen.

 
 
Comment by Blue Skye
2014-03-24 10:03:52

“a terrifying phenomenon in which the planet’s deep oceans are increasingly absorbing the world’s excess carbon…”

Who does this terrify, and why?

I will always be skeptical of “truths” proposed by psychopaths, no matter how popular they are.

From the Wiki article on the scientist who started this thing:

“Svante Arrhenius was one of several leading Swedish scientists actively engaged in the process leading to the creation in 1922 of The State Institute for Racial Biology in Uppsala, Sweden, which had originally been proposed as a Nobel Institute. Arrhenius was a member of the institute’s board, as he had been in The Swedish Society for Racial Hygiene (Eugenics), founded in 1909.”

That science became pretty popular for a while, the one below not so much.

On how to raise perfect children:

http://motls.blogspot.com/2011/08/svante-arrhenius-on-perfect-children.html

“The electrified children appeared to be much brighter, quicker and more active. They were prompter in attendance and much less subject to fatigue. The teachers also showed superior working capacity in the electrified room.”

This is the stuff of “proved science”!

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Comment by RioAmericanInBrasil
2014-03-24 14:09:29

I will always be skeptical of “truths” proposed by psychopaths, no matter how popular they are.

Many are skeptical of “truths” proposed by the Koch Brothers Minister of NetPropaganda.

 
Comment by Blue Skye
2014-03-24 15:25:15

So, you are a disciple of this guy?

 
Comment by Albuquerquedan
2014-03-24 16:35:31

“a terrifying phenomenon in which the planet’s deep oceans are increasingly absorbing the world’s excess carbon…”

If the deep ocean was warming it would be releasing not absorbing carbon dioxide because cold water can absorb more carbon dioxide than warm water. If you have ever drank a carbonated beverage and have any ability to think you would know that but we are dealing with Lola here.

 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 19:06:33

OK, so you’re against science. As long as anyone has ever drawn a questionable scientific conclusion, then all science is bad. Science didn’t give the human race all the answers from day one, so it is flawed. Progress is flawed by its very nature because progress involves risk-taking, and change is scary. You might accidentally make the wrong change, and then it would be scary to change again.

Religion, on the other hand, is perfect. Mainly because God created a universe with YOU at the center.

Would you like to know what happens when CO2 dissolves in water? It turns into carbonic acid. Do you think the acidification of the ocean might have an impact on human society? I mean, other than the fact that only science gives us this knowledge, and it didn’t come from the Bible. What do you think about the acid itself?

 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 19:09:22

Furthermore, eugenics have never been accepted by the scientific community. That is a social theory, and it’s pseudoscience.

 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 19:12:10

And no, the ocean is not hot enough to start spitting the CO2 back into the atmosphere. The partial pressure of gaseous CO2 is high enough to cause said molecule to dissolve in the ocean at its current temperature. In order for the water to start emitting the CO2, it would have to get much hotter, or the the concentration of CO2 in the air would have to decrease.

Your soda pop analogy is bunk because you are talking about a small amount of refrigerated beverage with very high CO2 concentrations, sitting in a very large bath of warm air with comparatively much lower CO2 concentration.

 
Comment by Prime_Is_Contained
2014-03-24 23:31:07

Your soda pop analogy is bunk because you are talking about a small amount of refrigerated beverage with very high CO2 concentrations,

No, you are totally missing the point of the analogy.

The ocean has been at equilibrium with the CO2 in the air for millions of years. If the ocean warmed, it is a fact that it is then capable of holding less dissolved CO2; if the ocean cooled, it is a fact that it is then capable of holding more dissolved CO2.

Simple fact.

 
 
 
 
Comment by real journalists
Comment by Albuquerquedan
2014-03-24 08:58:49

That threat is more real than you might imagine. The globalists have to limits on their actions.

Comment by Albuquerquedan
2014-03-24 09:00:37

to=no, (autocorrect)

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Comment by RioAmericanInBrasil
2014-03-24 09:16:09

to=no, (autocorrect)

Tell the propaganda minister to get you a better one.

 
Comment by aNYCdj
2014-03-24 13:03:28

One of my all time favorite songs……

http://www.youtube.com/watch?v=qK0PAlNdvn4

 
 
 
 
Comment by real journalists
2014-03-24 09:53:19

Danny and Rio bring the lollie LOLZ to the bits bucket. Because arguing on the internet is like the Special Olympics, you can win but you’re still retarded!

Comment by RioAmericanInBrasil
2014-03-24 09:59:12

Because arguing on the internet is like the Special Olympics, you can win but you’re still retarded!

I’m not arguing with Adan. I don’t want to convince him of anything. I’m pointing out his patterns of bad political math, non logic and predictable patterns of regurgitating right-wing, supply-side drivel.

If you think it’s taking the spotlight off of you, then write better material or try out for American Idol.

Comment by real journalists
2014-03-24 10:12:38

You are both missing the point. I like global warming. I want global warming. And I’ll be long dead by the time I am proven correct that infinite growth in a finite ecosystem is not possible.

The grow or die model of capitalism = FAIL

Thank you for not breeding :)

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Comment by RioAmericanInBrasil
2014-03-24 10:15:48

The grow or die model of capitalism = FAIL

I tend to agree. But that is Adan’s boss’s false-failed religion.

 
Comment by MightyMike
2014-03-24 10:29:47

Don’t you like skiing? Too much warming couldn’t be good for that.

 
Comment by Northeastener
2014-03-24 11:03:19

infinite growth in a finite ecosystem is not possible.

Space, the Final Frontier.

Yes, their are technological hurdles to address, but nothing we can’t solve for. Humans were just coming out of the Bronze Age 5000 years ago and today we have a networked world providing instant access to people and information from almost anywhere, drones, clones, nukes, warships that never need refueling, planes that are invisible to radar, weapons that emit focused sound, robots, nanobots, and cars that drive themselves.

As you like to say, the future is so bright, I have to wear shades…

 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 19:19:19

But caveman, how can we move to space while still holding science in general disdain? If women can’t be educated, and men have to spend their time driving around in diesel trucks and clubbing women over the head and dragging them back to their caves, then we will never make it to space!

The Republicans want to decrease spending on science and increase spending on wars. That is not going to help us get to space, the final frontier.

 
 
Comment by Albuquerquedan
2014-03-24 10:23:42

Classic projection in psychology by Lola because the truth really is:

I’m not arguing with Lola. I don’t want to convince him/her of anything. I’m pointing out her patterns of bad political math, non logic and predictable patterns of regurgitating left-wing, socialist drivel.

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Comment by RioAmericanInBrasil
2014-03-24 14:13:02

Classic projection in psychology by Lola because the truth really is:

I have intelligence, history, math and science on my side.

You only have the KochBrothers 2014 NetPropaganda Manual.

It’s no contest and fun.

 
Comment by Albuquerquedan
2014-03-24 14:30:11

I have intelligence, history, math and science on my side.

You are delusional since you are off your meds. You have none of those on your side and all someone has to do is look at NASA’s own data which I posted to show that contrary to your assertion global warming stopped more than 15 years ago.

 
Comment by RioAmericanInBrasil
2014-03-24 14:49:40

all someone has to do is look at NASA’s own data which I posted to show that contrary to your assertion global warming stopped more than 15 years ago.

Right. You understand NASA data better than NASA. You are one delusional dude to think you and your propaganda hacks can convince people that you understand NASA data better than NASA.

“….a group of scientists at the NASA Goddard Institute for Space Studies (NASA GISS), have released an analysis of global temperatures in 2011, and near-future prospects. They find that 2011 was the 9th-hottest year on record (9 out of the 10 hottest years on record since 1880, have occurred in the 21st century), and that this cool-ish year (by 21st century standards, but hot by 20th century standards) was largely due to the cooling influence of a quiet phase of the 11 year-long solar cycle (small changes in the intensity of sunlight reaching Earth), and La Niña which has been dominant over the last 3 years (See figure 1). They conclude that the lull is an illusion, and that rapid warming of global surface temperatures is likely to resume in the next few years.” skepticalscience dot com

 
Comment by Albuquerquedan
2014-03-24 15:11:49

They conclude that the lull is an illusion, and that rapid warming of global surface temperatures is likely to resume in the next few years.”

Actually, they conclude their funding is dependent on providing cover for carbon taxes on the Middle class to fund global government and the expansion of the U.S. government. They have no evidence to support that the lull is an illusion since there is no data base for the deep ocean so they have no way to know whether it is cooling or warming.

 
Comment by Blue Skye
2014-03-24 15:29:12

“I have intelligence, history, math and science on my side.”

Wow. What exactly do you do for a living? Any credentials beyond Wikisearch? Just wondering, cause your only original thoughts are sophomoric at best.

 
Comment by RioAmericanInBrasil
2014-03-24 15:30:18

they conclude their funding is dependent on providing cover for carbon taxes on the Middle class to fund….

Right Adan……… you understand NASA science better than NASA and 95% of the world’s scientific community. Because math and science are just big conspiracies. Just like Obama was put in power by the PTB to avoid Black riots. Because there’s no way real Americans would vote for a black man twice with over 50% of the vote. Unpossible. It was a conspiracy.

You seem to live in a bigoted, continuous fearful fog of paranoid, yet smug conspiratorial delusions while desperately wanting people to think you’re smart.

 
Comment by RioAmericanInBrasil
2014-03-24 15:56:35

cause your only original thoughts are sophomoric at best

Right. That’s why my original thoughts scare the cr@p out of political hacks like Adan.

What exactly do you do for a living?

I’m a capitalist.

 
Comment by Albuquerquedan
2014-03-24 16:18:16

Right. That’s why my original thoughts scare the cr@p out of political hacks like Adan.

You are probably the dumbest person on this entire board you make a useful foil. You are like the liberals that Fox News hires to make their hosts look intelligent.

 
Comment by Oddfellow
2014-03-24 16:54:33

Can someone explain to a newbie what the theory is as to why most of modern science thinks there is global warming, if the facts don’t back it up?

 
Comment by RioAmericanInBrasil
2014-03-24 17:52:38

You are probably the dumbest person on this entire board

Now now Adan. A dumb person would not live rent free in your little head - constantly disprove your bad math, and bother the cr@p out of you. :) wuff wuff

 
Comment by RioAmericanInBrasil
2014-03-24 17:56:09

Can someone explain to a newbie what the theory is as to why most of modern science thinks there is global warming, if the facts don’t back it up?

According to Adan, it’s something like because AlGore has a 20 ton air conditioner, and in 1945, little George Soros kicked a Jew in the nuts.

 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 19:26:20

Oddfellow:

I will try to explain as best I can. AD believes that the scientists have known since the 1960s that there would one day be a carbon tax, and they thought they might benefit from the carbon tax. So they devised this hoax well in advance. He can’t quite tell you exactly how the scientists are going to get the carbon tax in their own grubby little hands, and he can’t tell you whether or not their share of the carbon tax will compensate them for their long and low-paid careers in science. He only knows that they had a time machine already back then, and they traveled to the future and found out about the tax, and used that to create a “global-warming industry”.

None of them have made any money yet, but they’re gonna.

 
Comment by Blue Skye
2014-03-25 01:51:38

You really should argue with what a person says, not with what you imagine his thoughts and motives are.

 
 
 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 19:16:14

People need to start arguing with AD. He is starting to proselytize for nuclear energy now. That is very dangerous. He wants people to believe that nuclear waste and nuclear fallout are safe. He seems to be purposely attempting to sway the public toward nuclear-fission-based energy. That is definitely NOT the solution to the global warming that supposedly doesn’t exist (but is happening because of sunspots, or due to a natural cycle because we’re coming out of a little ice age, but we’re really not because we’re cooling down right now).

The guy makes no sense, but he seems to be on a personal mission, and people with knowledge should say something.

 
 
 
Comment by real journalists
2014-03-24 06:48:40

President Barack Hussein Obama

“President Barack Obama has spent more time traveling abroad than other U.S. president in history at this point in their presidencies … the taxpayer watchdog concludes that Obama’s flights have cost taxpayers more than any other president.”

http://www.breitbart.com/Big-Government/2014/03/23/Exclusive-Study-Obama-Most-Well-Traveled-Expensive-President-In-History-Through-Five-Years

Comment by Albuquerquedan
2014-03-24 07:07:30

I would like to see the numbers comparing first ladies.

Comment by real journalists
Comment by j-j-j-joe
2014-03-24 07:34:46

she wore red in Beijing. that’s practically capitulating!

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Comment by rms
2014-03-24 07:39:41

“that’s practically capitulating!”

+1 The Great Wall or the Wailing Wall; it’s all good. Not.

 
 
 
 
Comment by Whac-A-Bubble™
2014-03-24 07:45:06

Isn’t maintaining relations abroad part of the president’s job description? I’m pretty sure the value of this service to the American people pretty much swamps out the cost of a few plane tickets and hotel bills.

Comment by real journalists
2014-03-24 08:08:03

“a few plane tickets and hotel bills”

Yeah right. Dear Leader and Czarina are living like Led Zeppelin on tour in the mid 70s. When Bush went on vacation he rode the Greyhound down to Crawford. These two are so uppity they wouldn’t use Pat Nixon’s cloth coat to wipe their a$$es.

Comment by MiddleCoaster
2014-03-24 08:13:57

That’s racis.

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Comment by MightyMike
2014-03-24 10:34:40

That’s a nice reference to the cloth coat. I think that he referred to it as a good Republican cloth coat.

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Comment by Albuquerquedan
2014-03-24 13:51:17

When Bush went on vacation he rode the Greyhound down to Crawford.

I sure his trips to Crawford cost a lot less than Michelle’s trip to China.

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Comment by Albuquerquedan
2014-03-24 08:14:42

Does yelling at the Chinese staff improve our image in the world?

Comment by RioAmericanInBrasil
2014-03-24 09:29:17

Does yelling at the Chinese staff improve our image in the world?

I’m sure with the Japanese. BTW, 20 out of 21 countries wanted Obama over Romney - and by a large margin.

Global Poll: Obama Overwhelmingly Preferred to Romney

A new 21-nation poll for BBC World Service indicates that citizens around the world would strongly prefer to see Barack Obama re-elected as US President rather than his Republican challenger Mitt Romney.

The poll of 21,797 people, conducted by GlobeScan/PIPA between July 3 and September 3, 2012, indicates that Obama is preferred to Romney in 20 of the 21 countries polled. Overall, an average of 50 per cent would prefer to see Obama elected, compared to only 9 per cent who prefer Romney. The rest express no preference between the two.
worldpublicopinion dot org

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Comment by Albuquerquedan
2014-03-24 10:12:08

That global poll was taken prior to the Snowden disclosures and her yelling at the staff so why does it have any present meaning?

 
Comment by real journalists
2014-03-24 10:20:41

Dannyboy and Rio having a lollie LOLZ.

The lovefest of LOLZ never ends with you two.

 
Comment by Albuquerquedan
2014-03-24 10:27:12

Don’t you have some generals to fluff? I think you accuse others of fluffing the Koch brothers because you want to move over. It would not be an actual change in position, it would be more like a lateral move. :)

 
Comment by j-j-j-joe
2014-03-24 10:53:53

Wait, Rio has been borrowing my line about Koch fluffing without attributing it to me?

That’s low man, really low.

 
Comment by Albuquerquedan
2014-03-24 11:00:32

B-j-j-j-joe

You know I mean you.

 
Comment by RioAmericanInBrasil
2014-03-24 14:16:15

That global poll was taken prior to the Snowden disclosures and her yelling at the staff so why does it have any present meaning?

Because I live and travel in the big world out here and I still feel much less hostility towards Americans than when Bush was President. Much less. Do you own a passport?

Rio has been borrowing my line about Koch fluffing without attributing it to me?

I don’t think I’ve ever even used that word here.

 
Comment by Albuquerquedan
2014-03-24 14:38:10

You have been too busy fluffing Obama to use it.

 
 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 16:27:05

I’m pretty sure that “article” about the yelling at the Chinese hotel was just a hit piece, my man. I think you need to change your mix of reading materials. You are turning yourself into an overly biased person.

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Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 16:25:37

zactly

 
 
 
Comment by real journalists
2014-03-24 06:53:50

President Barack Hussein Obama

“The guidance effectively enshrines Sharia into common legal practice for the first time and will make it easier to discriminate against women and non-believers.”

http://www.breitbart.com/Breitbart-London/2014/03/22/Law-Society-Sharia

 
Comment by MiddleCoaster
2014-03-24 07:22:07

A Tale of Two Houses

Along with at least half the residents of my cul-de-sac, yesterday I went to two adjacent real estate open houses at the mouth of our circle. No need to tell us that the market is frothy to the point of insanity here.

The first, new construction, has 3 stories, several superfluous rooms, 5 full baths, built-ins everywhere, high end finishes/appliances, and sits on a 103×106 ft lot (translate: no side or back yard to speak of). Asking price: $1.5 million and change. On a lot three times the size, this would be a beautiful place for a large family to live.

The house next door is a 1624 sq ft ranch built in 1958, located on a fairly busy corner. New-ish kitchen and master bath. Three bedrooms, two of them tiny. Basement has 7 foot ceilings and smells musty. Asking price: $569,000. Priced too high for any builder to be interested in the lot, but anyone paying within 250K of that to live in the place would be out of their mind.

Comment by real journalists
2014-03-24 07:32:59

This couldn’t possibly be in Lake Forest.

And to think an unwashed peasant like you would dream of getting into Onwentsia.

Comment by MiddleCoaster
2014-03-24 08:08:13

No, somewhat south of there. BTW, I showered this morning. :D

 
 
Comment by Housing Analyst
2014-03-24 07:38:24

Your posts read like a Tale of Two Debt Donkeys.

Comment by MiddleCoaster
2014-03-24 08:12:16

Whoever buys either of these houses will indeed be a Debt Donkey. Hee-haw!

 
 
Comment by MightyMike
2014-03-24 07:42:36

There are builders who put rooms in houses that they call “bonus rooms”. I like your term better - “superfluous rooms”.

Comment by Housing Analyst
2014-03-24 07:50:26

The irony is the bonus is for the contractor. The sucker gets to pay for it.

 
Comment by MiddleCoaster
2014-03-24 08:24:27

“Bonus rooms” are usually unfinished and on the second floor, at least around here. This place has 3 rooms in the front, on the first floor, none with a closet. The middle one, nearest the kitchen, would function as a formal dining room, I suppose. One corner room could be the library. The third would be the music room? Parlor? Gift wrapping room? ;)

Comment by In Colorado
2014-03-24 09:31:05

“Bonus rooms” are usually unfinished and on the second floor, at least around here.

An above ground basement?

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Comment by polly
2014-03-24 10:55:11

More like the real living room, or at least that is what it is in my cousin’s house. Most of the downstairs rooms are very small. The kitchen is a reasonable size has room for a table, but the living room is tiny and the room in the back is meant as a ground floor bedroom (it has a full bath and a pretty large closet. It is for grandma who can’t climb the stairs. The bonus room upstairs is the only decent sized “living” room in the house that isn’t the basement, but it isn’t downstairs so they can’t call it the living room.

 
 
Comment by oxide
2014-03-24 09:33:13

For an extra mil, THIS is a tear-down worth doing:

http://www.zillow.com/homedetails/1041-Seminole-Rd-Wilmette-IL-60091/3367399_zpid/

I hope people take the time to look at the pix. I guess even in 2005, somebody cared about building beautiful housing. The hockey bedroom is what I think of when someone says “bonus room.” It’s usually the slope-ceiling space above a garage, and is at least semi-finished with walls and electric. It probably has separate heating.

But if I may ask, why are the tax assessments in this area extremely low? They appear to be only 10-15% of market value. In my nabe, tax assessment are much closer to market value. In fact the price of my house price WAS the tax assessment.

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Comment by Housing Analyst
2014-03-24 09:54:52

So four years into the housing debacle, some numbskull paid an inflated price of $953k.

Why would any fool think its worth more than that considering a decade of depreciation?

 
Comment by MiddleCoaster
2014-03-24 10:23:00

Tax assessments here are some multiplier of actual property value. The property tax on that house for 2011 was over $39,000. Yikes. Definitely better to rent it, if one’s taste runs to that sort of place.

 
Comment by j-j-j-joe
2014-03-24 10:51:51

Wilmette has a really good HS, New Trier HS. A big feeder school for HYP and Stanford.

 
Comment by oxide
2014-03-24 11:12:56

some numbskull paid an inflated price of $953k.

It’s worse than that, HA. Some numbskill paid an inflated price of $953K just for the land. He then spent 3 years building this new little castle. Inflated? Likely. But at least he built something nice for the money, instead of engineering a ranch into a bad McMansion on an inappropriate lot solely to maximize the $/sq ft.

In my lowly nabe, any work on the house is either to fix something that broke, or to increase the bedrooms or bathrooms so you can squeeze more people in the house.

 
Comment by MiddleCoaster
2014-03-24 11:14:46

HA, some numbskull paid $953,000 for the lot plus the cost of the teardown. Builders gotta build, whether they are $35/sq ft or $400+/ sq ft builders. And they will build as much house as can legally be fit onto the lot.

 
Comment by Housing Analyst
2014-03-24 11:35:11

$953k + demo and disposal($25k). $1 million.

The place is worth maybe $500k so he already lost $500k and we haven’t even tabbed the cost of that mausoleum looking box.

 
Comment by MiddleCoaster
2014-03-24 12:55:54

The builder did just fine: sold it in 2005 for $2.7 million. The current owner will likely take a loss. And then there are those property taxes for the past 9 years. The public schools loooove builders!

 
Comment by Housing Analyst
2014-03-24 13:49:54

He did? Are you sure?

 
Comment by MiddleCoaster
2014-03-24 14:41:21

Well, it says so on Zillow. But you can’t believe everything you read.

 
Comment by Housing Analyst
2014-03-24 14:57:51

It says the “builder” made money?

 
 
 
 
 
 
Comment by rms
2014-03-24 07:27:55

“Did Hyman Minsky find the secret behind financial crashes?”
http://www.bbc.com/news/magazine-26680993

 
Comment by Albuquerquedan
2014-03-24 07:28:33

Excerpt from a link that will soon post above:

Yet, today, the Establishment celebrates Bernanke for keeping the funds flowing to those parties it needs to remain in power. But while Paul Krugman wonders where the inflation is, I did some back-of-the-envelope calculations of Bernanke’s speech honorarium. Again using the CPI’s numbers, $250,000 today buys roughly what $193,000 bought in 2002, which would have purchased 603 ounces of gold at the time. Today, those 603 ounces of gold would be worth over $805,000.

The point isn’t that all Fed chairs should contract their post-retirement speeches in gold at the beginning of their term of service, although maybe they should. It’s that payoffs such as this reflect about what you’d expect when a currency receives monopoly protection and legal tender status, neither of which has anything to do with the free market. And notwithstanding the opinions of DC lobbyists, neither does Bernanke’s speech.

It followed the most reckless term of service of any central banker in U.S. history. He printed trillions of dollars to rescue a portion of Wall Street that could have internalized its post-crash losses and financed budget deficits that served to transfer capital to the fringes of military empire and out of reach of domestic workers. He “depression-mongered” the U.S. economy in September 2008 even though that market meltdown paled in comparison to those of 1987 and 2000-2001, thus setting the stage for Depression 2.0, and many billions in stimulus spending, bailouts, and other malinvestments.

Comment by MightyMike
2014-03-24 09:23:59

Paul Krugman wonders where the inflation is … $250,000 today buys roughly what $193,000 bought in 2002 …

My Windows calculator tells me that this works to be an average inflation rate of 2.2% per year. Krugman has never claimed that inflation has been zero in recent years, just that it has been quite low. Put this writer on the list to be ignored.

Comment by Albuquerquedan
2014-03-24 09:40:44

At the rate of 2.2% per year, in less than 35 years prices will double. Maybe you find that type of economy acceptable I do not. Moreover, the 2.2% inflation was during a period of extremely low growth, again completely unacceptable.

Comment by MightyMike
2014-03-24 10:08:20

The greatest period in the history of the American economy was probably during the 1950s and ’60s. From what I can see on the bls.gov website, the average inflation rate during those two decades was very similar, around 2.4%. On the other hand, you can look at Japan, which has had close to zero inflation for over 20 years. It hasn’t been great for Japanese growth.

You can disagree with that. However, it’s irrelevant to my point above, which is that Krugman never claimed that inflation has been zero in recent years.

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Comment by Albuquerquedan
2014-03-24 10:15:06

We had rapid economic growth in the 1950’s and 60’s so you are comparing apples to oranges. As far as Krugman, I do not now what he predicted for inflation but he ignores how corrosive inflation is to an economy and that is my point and your points are irrelevant to that point.

 
Comment by mathguy
2014-03-24 11:29:57

>On the other hand, you can look at Japan, which has had close to zero inflation for over 20 years. It hasn’t been great for Japanese growth.

Pretty disingenuous… WHY did Japan have low inflation for 20 years? What was the CAUSE? Did their central bank set rates low in response to some kind of bubble? Oh IMAGINE THAT!

 
Comment by Albuquerquedan
 
Comment by MightyMike
2014-03-24 18:05:51

As far as Krugman, I do not now what he predicted for inflation but he ignores how corrosive inflation is to an economy and that is my point and your points are irrelevant to that point.

Well, I can tell you that Krugman predicted that there would be no big jump in inflation in response to QE. More importantly, he certainly never predicted that there would be zero inflation. There’s only been one year without any inflation since 1955 and Krugman has easy access to that data. So part of the article that you linked to has false information, that’s all. Is the writer a member of your family or something?

 
Comment by MightyMike
2014-03-24 18:08:55

Also, Mathguy, yes the Japanese deflation was caused by the bursting of a bubble, but that’s not what I’m talking about. My point was that the deflation caused a lot of trouble for the Japanese economy.

 
Comment by mathguy
2014-03-24 18:27:54

you mean the bubble bursting. deflation != bursting bubble. If you told me your house was built on bedrock and the bedrock was deflating, I would be pretty concerned for you. If you told me your house was built on a foundation of bubbles and the bubbles were popping, “poor you”.. well, i’d laugh in your face.

 
 
 
 
 
Comment by Albuquerquedan
Comment by real journalists
2014-03-24 08:41:35

They will loose in 2014 but after the coronation of Empress Hillary there will be no stopping the Permanent Democrat Supermajority.

Comment by Albuquerquedan
2014-03-24 09:02:30

Yes, I remember her being a sure thing in 2008.

 
Comment by In Colorado
2014-03-24 09:34:19

I saw an article somewhere saying that Hillary might be getting cold feet. If she wants the brass ring, she’d better grab it now. She already looks ancient, if she waits until 2020 to run she might need a walker by then.

Comment by Albuquerquedan
2014-03-24 10:51:17

Bill is one of the most astute political scientists in this country. He knows that with almost three years to go with this administration the brand of Democrat may be as diminished as the Republican brand was after Bush II. He will not let her run if he thinks she cannot win. But you are right she is not aging well. Even running against a walker, Gov. Walker, might not help her, if she is using a walker.

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Comment by Blondiegirl
2014-03-24 07:41:04
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 16:19:59

Hello newbie.

 
 
Comment by Blondiegirl
2014-03-24 07:43:47
 
Comment by Whac-A-Bubble™
2014-03-24 07:46:06

Will Congress act to eliminate, or at least rein in, WELFARE FOR THE WEALTHY?

Comment by Whac-A-Bubble™
2014-03-24 07:47:56

March 22, 2014, 6:02 a.m. EDT
Should Congress limit mortgage deduction?
By Wall Street Journal

John C. Weicher, director of the Center for Housing and Financial Markets at the Hudson Institute, and Bruce Katz, vice president and director of the Metropolitan Policy Program at the Brookings Institution, offer their viewpoints on whether the mortgage-interest tax deduction should be kept in its current form or be replaced.

There are easier ways to reduce one’s tax bill. But for many American taxpayers, this is the big one: the deduction for interest payments on home mortgages.

Homeowners in the U.S. last year received a total of roughly $70 billion in federal tax breaks through the deduction. But discussions in Congress about a broad tax overhaul are heating up, and all sorts of tax deductions — including the mortgage-interest deduction — are being discussed by both parties.

Supporters of the mortgage-interest deduction say it encourages homeownership and gives the middle class a better shot at financial security. The deduction helps middle-income purchasers by making their mortgage payments more affordable and by helping these families build equity in their homes.

But critics say the deduction mainly benefits those with higher incomes. They say that it does nothing to help lower-income Americans who rent. In addition, they argue, in these tough budgetary times the government could put the forgone tax revenue to good use.

So far, much of the discussion about changing the mortgage-interest deduction has focused on reducing its benefits for the wealthiest Americans. President Barack Obama has supported clipping the deduction for taxpayers in the top two tax brackets.

More recently, Rep. Dave Camp, a Michigan Republican, proposed a tax-overhaul that would, among other things, lower the limit on home mortgages that qualify for the deductions to $500,000 of principal from the current $1 million.

Arguing to keep the deduction in its current form is John C. Weicher, director of the Center for Housing and Financial Markets at the Hudson Institute. Bruce Katz, vice president and director of the Metropolitan Policy Program at the Brookings Institution, argues that the deduction needs to be revamped or replaced.
Yes: The policy mainly benefits those who need the help least
By Bruce Katz

The mortgage-interest deduction is a waste of valuable government resources at a time of intense budget pressures in Washington.

As a policy, this $70 billion-a-year tax break doesn’t achieve one of its most-touted goals, which is to increase homeownership. Further, by prioritizing subsidies for economic consumption, it actually represents almost the exact opposite of what the government should be doing, which is investing in a more sustainable and productive economic future.

Other countries have achieved comparable rates of homeownership without similar tax deductions: 69% in Canada and 64% in Britain, compared with 65% in the U.S. A small portion of U.K. homeowners have benefited from the sale of government-assisted housing, but the fact remains that the U.S. homeownership rate is comparable to countries that don’t provide broad tax incentives for homeownership.

Well-to-do

The deduction here in the U.S. doesn’t even help most taxpayers. It mostly benefits the well-to-do. Less than one-third of taxpayers are able to take advantage of the deduction — it is restricted to those who itemize their deductions, a group that skews toward the upper end of the income distribution. Also, the benefit is tied to the marginal tax rate of the taxpayer and so has higher value to those with higher income. For households making above $200,000 a year, the average benefit is $1,784 a year in tax savings. For households earning $65,000 a year, the deduction generally yields less than $200 in tax savings.

The fact that home equity represents a greater share of household wealth for the middle class than for those with higher incomes does not negate the fact that the value of the deduction accrues disproportionately to upper-income households. According to the Congressional Budget Office, households in the top quintile of income (earning more than $160,000 a year) receive 75% of the total reduction in taxes. These households are already most likely to own a home.

Some experts dispute the CBO analysis, claiming that the deduction is not as regressive, but their analyses rely exclusively on IRS return data, which excludes non-tax-filers. CBO data account for these non-filers — who tend to be lower-income — and, as a result, paint a more accurate picture of the distribution of the benefits.

Simply put, the bulk of the mortgage interest deduction is wasted on those who do not need government assistance to purchase a home.

The middle class would be much better served by a mortgage tax incentive with a more equitable distribution, or by alternative expenditures that boost the number of middle-class wage earners able to purchase a home. The government could help foster universal pre-K education, addressing America’s declining economic mobility and educational achievement gap. It could spur innovation, create jobs and invest in basic science by making the tax credit for corporate research and development permanent. It could invest in state-of-the art infrastructure, again helping to make the U.S. more competitive.

Policies like these can help the U.S. regain its position as a global leader in advanced industries — and help the middle class at the same time. These policies address the structural problems with our economy, such as trade deficits, wage stagnation and growing inequality. Fixing those problems will lead to increased home building and homeownership — not the other way around.

Comment by In Colorado
2014-03-24 09:36:45

More recently, Rep. Dave Camp, a Michigan Republican, proposed a tax-overhaul that would, among other things, lower the limit on home mortgages that qualify for the deductions to $500,000 of principal from the current $1 million.

There would a lot of teeth gnashing in places like Silly Valley.

 
Comment by Northeastener
2014-03-24 11:10:13

They say that it does nothing to help lower-income Americans who rent.

Low income people don’t pay taxes… so why would or should they receive tax deductions?

I think much of the angst here about the MID is from those who have moderate to substantial incomes and continue to chose not to purchase real estate… no judgement one way or another about that decision, but as far as repealing the MID, well, haters gonna hate.

Comment by Cactus
2014-03-24 13:08:14

“In addition, they argue, in these tough budgetary times the government could put the forgone tax revenue to good use.”

yea right

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Comment by real journalists
2014-03-24 07:55:49

You are eight days early for April Fools.

 
 
Comment by Albuquerquedan
2014-03-24 07:46:40

This is what happens when you run out of OPM in a socialistic country:

http://news.yahoo.com/far-expects-surge-french-local-elections-172631351.html

 
Comment by Albuquerquedan
2014-03-24 07:50:05

This link seems to have disappeared so I will try again:

http://mises.org/daily/6700/Ben-Bernanke-Gets-His-Reward

 
Comment by Housing Analyst
2014-03-24 07:52:38

lawyers are liars

Comment by Albuquerquedan
2014-03-24 08:03:03

lawyers are liars

Correction: Lawyers are well paid liars.

Comment by Housing Analyst
2014-03-24 08:13:02

Paid to surf the net when the rest of us do it for free.

Comment by Albuquerquedan
2014-03-24 08:24:32

Paid to surf the net when the rest of us do it for free.

Not paid to surf but I am waiting for someone to bring me a legal problem that I cannot solve in ten minutes. It is the thing about law after so many years you have memorandums addressing most issues. So you find that you do not have to spend hours researching issues. One of the reasons associates do research at law firms, much more billable hours.

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Comment by Dolly Llama
2014-03-24 09:08:59

What are government lawyers then?

Comment by Albuquerquedan
2014-03-24 09:13:39

The SEC attorneys are porn surfers. The EEOC attorneys are Ebony magazine surfers. The Congressional staff attorneys are Hollywood news surfers.

 
 
Comment by j-j-j-joe
2014-03-24 10:50:31

At least I’m not a government lawyer.

The Koch Brothers pay me to surf, man. Lay off the Kochs.

Comment by Albuquerquedan
2014-03-24 10:52:46

See my comments to Goon, they probably apply.

 
 
 
Comment by Whac-A-Bubble™
2014-03-24 08:25:01

Did you dump your bond fund yet?

Comment by Whac-A-Bubble™
2014-03-24 08:27:25

Sunday Journal
Investors Bailing on Big Bond Funds
Pimco Isn’t the Only Fund manager Watching the Money Flee
March 23, 2014

Management issues, poor performance and redemptions from its flagship fund have been headline headaches for Pacific Investment Management Co. Investors pulled $47.8 billion, or 16.5% of assets, from its huge Total Return Fund in the 12 months through February, according to Morningstar. That fund is the giant of the intermediate-term bond-fund category.

Relative to assets, though, redemptions at some of Pimco’s peers have been even bigger. Investors pulled $8.03 billion, or 20.5% of assets, from DoubleLine Total Return Bond Fund in the period; $6.07 billion, or 20.7% of assets, from J.P. Morgan Core Bond; and $6.06 billion, or 18.3% of assets, from American Funds Bond Fund of America, says Morningstar.

(DoubleLine Capital says Morningstar’s figures are slightly off, and that redemptions for its fund were actually $7.62 billion.)

U.S. open-end intermediate-term bond mutual funds overall experienced net outflows of $95.86 billion in the 12 months through February, according to Morningstar.

In February some funds saw monthly net gains in assets, including the DoubleLine fund, which took in more than $200 million, according to Morningstar and the firm’s own figures. Pimco Total Return, in contrast, experienced net redemptions of $1.6 billion in February, the heaviest in the industry.

In terms of performance, the Pimco fund has shed 0.20% in the 12 months through March 14, while the average fund among its intermediate-term bond fund peers has gained 0.72% and the Barclays U.S. Aggregate Bond Index has risen 0.56%, according to Morningstar.

The redemptions were partly the result of the convulsion in the financial markets last summer as investors began to fear that the Federal Reserve would begin to reduce its monthly bond purchases and perhaps move to boost interest rates, which is bad for bond prices.

—Daisy Maxey
WSJ.com

 
Comment by Whac-A-Bubble™
2014-03-24 08:30:33

Abreast of the Market
Market Frets as Rate Reality Sets In
Investors Prepare for Life Without Fed’s Easy-Money Policy That Propped Shares; Having a ‘Hiccup’
By E.S. Browning
Updated March 24, 2014 1:19 a.m. ET

Investors last week got the clearest picture yet of how the Federal Reserve plans to take away the easy money that has boosted stock and bond prices for five years.

The latest jitters stem from a remark by new Fed Chairwoman Janet Yellen about when the central bank will actually raise its primary target interest rate, the federal funds rate. The Fed has kept that rate near zero since late 2008. The exceptionally low rate is the pillar of the Fed’s support for the economy and markets.

Investors have long feared the day that would change. Ms. Yellen last Wednesday intimated it could happen just six months after the Fed ends another program of direct cash injections into the bond market. The bond program is on track to end in October, meaning rates could rise as soon as April 2015.

The market struggled with the news. Many analysts concluded that pullbacks in Fed aid are fundamentally good because they mean the economy is recovering. Still, supercheap money is hard to give up. Stocks fell sharply on Wednesday, recovered on Thursday, then slumped again on Friday.

The uncertainties reinforced concerns that stocks may be in for a pullback after the S&P 500’s exceptional 30% gain last year.

The problem for markets was that a long unspoken fear was finally spoken. A Fed rate increase is no longer a distant event; it could happen in a year.

Together with the end of the Fed’s bond buying, this means stocks increasingly will have to stand on their own. Many investors think they are ready for that—at least they hope so. As last week’s anxiety showed, so basic a change makes people nervous.

“We are going to go through this period where every time [market] interest rates go up, the equity market will have a hiccup,” said Gordon Fowler, chief executive of Glenmede Trust Co., which manages $26 billion in Philadelphia. Stocks will get over these occasional troubles, he said, because the economy is growing stronger.

Some Wall Street analysts were so stunned that many decided Ms. Yellen misspoke.

She “surprised the markets and communicated a policy outlook that appears more binding than we believe she intended; that is, we doubt she was signaling the increased likelihood of a spring 2015 tightening,” wrote Credit Suisse economist Neal Soss in a report.

 
 
 
 
Comment by RioAmericanInBrasil
2014-03-24 10:11:47

Obama invented massive pollution and the Russian crisis to take the eye off Obamacare.

Comment by Albuquerquedan
2014-03-24 10:16:43

Obamacare is so bad that neither one of them is capable of diverting the public’s attention.

Comment by real journalists
2014-03-24 10:32:14

My health insurance just went up from $126 a month to $290 a month, thanks to the “subhuman mongrel” in the White House.

Comment by MightyMike
2014-03-24 10:40:58

Is that the total cost, or the amount that your employer takes out of your paycheck?

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Comment by Northeastener
2014-03-24 11:13:36

My health insurance just went up from $126 a month to $290 a month

You need a better employer… my company held the line on premium increases, absorbing the entire increase that the insurance provider asked for. They also pay for a supplemental insurance to reimburse employees for out-of-pocket health care expenses like deductibles.

 
Comment by real journalists
2014-03-24 11:24:45

$290 is the employee paid amount.

 
 
 
Comment by RioAmericanInBrasil
2014-03-24 14:24:02

Obamacare is so bad

Even if it were bad (which it’s not) Obamacare would still be great.

Why? It’s the new reality genie of near universal coverage that Repubs will never be able to be put back in the bottle no matter any changes made.

In the big picture, (That you never understand Adan) the left won that war. Bigtime.

Comment by Albuquerquedan
2014-03-24 14:33:50

Obamacare is far from universal coverage as the disillusioned left is finding out. If you consider a program that has resulted in the Republicans regaining the House and having a good chance of regaining the Senate a win, you really do need to get your meds changed.

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Comment by RioAmericanInBrasil
2014-03-24 14:51:15

Obamacare is far from universal coverage as the disillusioned left is finding out.

It is the biggest program leading the USA towards universal coverage that the freaked-out right is just now finding out.

It’s funny watching you flip out up there.

 
Comment by RioAmericanInBrasil
2014-03-24 15:12:27

If you consider a program that has resulted in the Republicans regaining the House and having a good chance of regaining the Senate a win, you really do need to get your meds changed.

Another classic example of you not seeing the big picture Adan. Your shallow, snap-shot in time constant short term thinking is a sight to read. It’s actually mind-boggling how smart you try to sound without being it at all.

Carney: Obamacare ‘Absolutely Worth It’ Even if Dems Lose the Senate
nationalreview dot com

Even if Obamacare proves to be electoral Kryptonite for Democrats in this year’s midterms, the White House still believes the health-care law was worth the political hit.

“The answer is it is absolutely worth it, no matter what happens politically,” press secretary Jay Carney told ABC’s Jon Karl. In fact, Carney didn’t expect running against Obamacare to even be a winning message for Republicans “because they’ve got to explain what repeal [of the law] means.”

 
Comment by Albuquerquedan
2014-03-24 15:15:51

It is the biggest program leading the USA towards universal coverage that the freaked-out right is just now finding out.

No one on the right is freaking out over Obamacare they are looking forward to the fall election. It is the Democrats that are freaking out and trying to shift the focus to global warming which is exactly what you are being paid to do. However, the facts are not on your side on either issue and the polls are showing people less and less worried about AGW despite the MSM running alarmist stories every day.

 
Comment by RioAmericanInBrasil
2014-03-24 15:32:33

No one on the right is freaking out over Obamacare

Now there’s a real gut buster.

Why are you so funny when you don’t want to be but, so unfunny when you try to be?

 
Comment by Albuquerquedan
2014-03-24 15:57:50

You would know when to appropriately laugh, if you were on your meds.

 
Comment by RioAmericanInBrasil
2014-03-24 16:00:13

You would know when to appropriately laugh, if you were on your meds.

My point proven again. Why are you so funny Adan when you don’t want to be but, so unfunny when you try to be?

 
 
 
 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 16:13:35

Obama aslo invented the myth of the Chernobyl disaster and sent alien butterflies in to invade Fukushima. Radioactivity is good for the environment, and not that bad for humans.

Comment by Albuquerquedan
2014-03-24 16:20:10

Please don’t breed with Rio.

Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 18:02:37

So your theory is that Rio didn’t undergo the complete surgery, then?

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Comment by RioAmericanInBrasil
2014-03-24 18:08:15

LOL

 
 
 
 
 
Comment by j-j-j-joe
2014-03-24 10:44:13

I have solved the riddle of MH-370. Clearly the plane was taken over remotely by the NSA and crashed into a very deep and remote area of the ocean because one of the passengers on board (probably one with a fake passport) had uncovered Obama’s REAL birth certificate. Thus, he was a threat to Obama and needed to die.

Comment by Albuquerquedan
2014-03-24 10:54:15

I raised the real birth certificate issue about a week ago. Having the NSA involved is a nice touch.

 
 
Comment by mmrtnt
2014-03-24 11:10:21

Life beyond means in NYC

Comment by Housing Analyst
2014-03-24 11:16:17

From the article; “And then, last Monday, she committed suicide, hanging herself in a $5.6 million Chelsea apartment that likely did not belong to her. Within hours, Scott’s life was revealed to have become an elaborate facade — her business at least $6 million in debt”

Reminds us of 2003-2007 America.

Don’t believe a thing you see and only half of what you hear.

Comment by Albuquerquedan
2014-03-24 12:32:22

Don’t believe a thing you see and only half of what you hear.

I think I would reverse that phrase.

 
Comment by Dolly Llama
2014-03-24 13:21:25

When’s the US gonna hang itself?

 
 
 
Comment by Whac-A-Bubble™
2014-03-24 12:54:03

I’m wondering if high payroll and other labor tax rates are discouraging U.S. workers?

Also puzzling over how U.S. housing prices recovered to peak bubble levels on the back of low employment and labour force participation…

ft dot com / world
March 24, 2014 7:15 pm
US loses edge as employment powerhouse
By Sarah O’Connor in London and Robin Harding in Washington

The US is losing its edge as an employment powerhouse where the vast majority of people have a job or are looking for one, after its labour participation rate fell behind the UK’s for the first time since 1978.

The labour force participation rate – the proportion of adults who are either working or looking for work – started to decline in the US in 2000 and has plunged since 2008 from 66 to 63 per cent. The equivalent of 7.4m people are no longer part of the labour force. Yet participation in the UK has held up remark­ably well in spite of the country’s prolonged downturn and now stands at 63.6 per cent – the first time in 36 years it has been higher than the US rate.

Economists have been surprised by the trends, not least because the US labour market has long been seen as one of the most resilient and flexible. “America is even more flexible than us and yet there is this complete contrast,” said Paul Gregg, economics professor at the UK’s Bath University.

Gary Burtless, a senior fellow at the Brookings Institution in Washington, said the US used to stand out among rich countries for its high labour force participation, but that is no longer the case. “The US used to have a reputation for being very hard working,” he said.

There are no definitive answers yet as to why the labour markets have behaved so differently. US economists have calculated that between a half and two-thirds of the fall in participation reflects the retirement of America’s baby boomers. The UK comparison is interesting because it has similar demographics, although its baby boomers are a little younger.

The greatest divergence between the US and UK seems to be among prime age workers. For example, among 25-34 year olds, UK participation is up from 84.3 per cent to 85.4 per cent between 2007 and 2013. Over the same period in the US, participation declined from 83.3 per cent to 81.8 per cent.

 
 
Comment by real journalists
2014-03-24 14:22:35

This is beyond LOLZ, Wal-Mart’s SEC filing admits that cuts to food stamps hurt its profits:

http://blogs.marketwatch.com/behindthestorefront/2014/03/24/wal-mart-makes-official-its-reliance-on-food-stamp-recipients-for-profits/

The future belongs to Lucky Ducky :)

Comment by Albuquerquedan
2014-03-24 15:35:53

The future belongs to Lucky Ducky :)

They may have to move to Russia to have a future. Putin has improved the economy so much they have a higher birthrate than we do and they don’t have illegals cranking out anchor babies:

http://www.forbes.com/sites/markadomanis/2013/07/25/dying-russias-birth-rate-is-now-higher-than-the-united-states/

 
 
Comment by Housing Analyst
2014-03-24 15:01:38

realtors are liars

Comment by Albuquerquedan
2014-03-24 15:17:07

Don’t forget lawyers HA. O.K. you can leave out the 1% but that’s all.

 
Comment by real journalists
2014-03-24 16:20:18

Pull my finger and smell the equity.

 
 
Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 16:05:56

crater

Comment by "Uncle Fed, why won't you love ME?"
2014-03-24 16:09:17

The word “crater” is typed using only the left hand on the keyboard. It’s so easy, that even a one-armed person could type it without hunting and pecking. Let’s all type along now:

C, R, A, T, E, R

Comment by Housing Analyst
2014-03-24 18:43:43

CRAAAAAAAAAAAAAAAAAAATERRRRRRRRRRRR!!!!

 
 
 
Comment by phony scandals
2014-03-24 16:10:25

Was this man killed by cops because he camped in the wrong spot?

6:19 PM 03/23/2014

Questions abound after the Albuquerque Police Department released video footage of cops shooting and killing a homeless man whose alleged crime was camping in an unauthorized area.

The man, 38-year-old James Boyd, appeared to be complying with police demands to exit the area when they fired a flash grenade at him, beginning a chain of events that culminated in his death, according to The Albuquerque Journal.

Police came upon Boyd while he was sleeping outside in the Sandia Foothills. Camping is not allowed in the area.

He was instructed to accompany police down the mountain and seemed to agree to the demand.

That’s when cops shot a flash grenade at him and sicked a dog on him. Boyd turned away, and was holding a knife, according to police reports. He was then shot.

“Please don’t hurt me anymore,” he said after he was struck and knocked to the ground. “I can’t move.”

Though bleeding and begging for his life, he was then handcuffed.

http://dailycaller.com/2014/03/23/was-this-man-killed-by-cops-because-he-camped-in-the-wrong-spot/ - 89k -

Comment by RioAmericanInBrasil
2014-03-24 17:59:08

Albuquerque Police Department released video footage of cops shooting and killing a homeless man

Albuquerque has a now documented history of wackos.

 
Comment by real journalists
2014-03-24 19:08:52

Just another day in Obama’s America.

 
 
Comment by Rental Watch
2014-03-24 16:32:18

http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20140324.aspx

LPS put out their “first look” at non-current loans in the US. Usually they don’t say much about individual state non-current loan rates, but in this press release, they do.

Worth a look for those who care about shadow inventory.

Comment by Housing Analyst
2014-03-24 18:32:01

Interesing they changed their name again.

Why is that?

 
 
Comment by Bill, just South of Irvine, CA
2014-03-24 20:51:58

Ron Paul knows advanced libertarianism.

http://blog.kabo.nu/2013/06/ron-paul-on-lysander-spooner/

I have more respect for Ron Paul than I did months ago before I stumbled on that he likes voluntaryism.

His son Rand is probably aware of the logic of Lysander Spooner http://www.lysanderspooner.org/ but is not a voluntaryist while holding an elected office and shining the shoes of the RINO republicans since it’s now an election year.

 
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