Goon, has your drug of choice switched from pot to molly? I understand given your concern with not gaining weight. If you keep smoking pot, you are going to have a “pot” belly and more chins than a San Francisco phone book. How many 7/11 hot dogs did you eat last night before you decided to change?
According to urban dictionary, it’s high-grade MDMA or Ecstasy.
If goon is concerned about gainin weight, the most effective drug is high-fat steak and grass fed eggs.
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Comment by Housing Analyst
2014-04-06 11:29:23
Where do you come up with this stuff?
Comment by The Zima Guy
2014-04-06 11:56:39
Where do you come up with this stuff?
It’s the current fad.
Comment by oxide
2014-04-06 13:25:54
Actually it’s an old fad. A VERY VERY OLD fad.
Comment by Oddfellow
2014-04-06 16:17:25
What do you think about the paleo versus the mediterranean diet, oxide?
Comment by Housing Analyst
2014-04-06 17:13:32
If it doesn’t include grain, hay and alfalfa, she won’t like it.
Comment by Oddfellow
2014-04-06 18:11:07
Grass fed hay?
Comment by oxide
2014-04-06 19:03:54
Oddfellow, there are several facets to Paleo. In addition to the caveman aspect, Paleos believe that people are sick and obese not just from carbs, but from modern food “inventions. Paleos “eat real food” and avoid all the modern junk. Not just fast food and Twinkies, but they also avoid ingredients like vegetable oils, HFCS, or corn extracts like guar gum or modified food starch. Paleos also avoid meat from cows that were fattened on a feed lot with corn (GMO) or soy (GMO). Finally, Paleos avoid modern dwarf hybrid wheat, which is believed to be addictive. When you check the ingredients, it seems that almost everything contains one of more of these baddies. For Paleos, about 90% of the grocery store is off limits!
The Mediterranean diet — at least in Europe — demands fresher and more local food, so it’s already avoids the American junk additives. For a Paleo, that’s half the battle. So the Med diet is probably okay… if you cook it all yourself from fresh ingredients and adhere to small portion sizes of gnocchi and pasta. But there are overweight people in Europe too. That’s the carb effect.
That’s good stuff. When did they record her? At an open house?
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Comment by oxide
2014-04-06 13:31:55
No, they recorded that at Home Depot, when I got excited over their new shipment of closet poles. But I haven’t seen the guy who runs the forklift in Garden in a while. They seem to be turning over their employees again to score more diversity points.
Comment by LolaLOL
2014-04-06 15:49:05
excited over their new shipment of closet poles.
Put down the wine and slowly back away from the computer.
Why, why, why, why would they cause the FHA loan limits to drop all across the country by large amounts? This is surely going to effect prices. It just can’t figure it. It goes against everything I believe about the PTB for this to have occurred.
Was it some kind of time limit deal that was made back during the big bailout, that five years after they’d drop the FHA limits? Do they think that if they see it being a problem they can just reverse it back with the stroke of a pen ( I guess they could). But why do it at all, why even run the risk?
Maybe there is a move to stop encouraging low-income households to take on an unrepayable debt burden for the short-term privilege of temporary membership in the Ownership Society?
So the drop loan limits, which will causes prices to drop because they fear another bubble (which has already happened again) or another crash (which the drop might itself cause)?
Anyone got any first hand info about what is going on with all the new developments recently built in the PHX area. There’s more sign spinners on corners than shills and cheerleaders and bird dogs on this blog.
What I’ve heard from subcontractors is most home builders are only building homes that have a contract plus they’ve stiffened the penalty when you cancel a contract. Therefore new inventory is probably being kept lower than times in the past, but they’re still hiring those sign spinners.
Bill of Rights or Temporary Privileges - YouTube http://www.youtube.com/watch?v=u8_fkPxdIE8 - 147k - Cached - Similar pages
Feb 4, 2013 … George Carlin was a pretty smart guy. Do we really have a Bill of Rights
A mere two weeks since former JPMorgan banker, Kenneth Bellando jumped to his death, Bloomberg reports that the former CEO of Dutch Bank ABN Amro (and his wife and daughter) were found dead at their home after a possible “family tragedy.” This expands the dismal list of senior financial services executive deaths to 12 in the last few months. The 57-year-old Jan Peter Schmittmann, was reportedly discovered by his other daughter when she arrived home that morning. Police declined to comment on the cirumstances of his (and his wife and daughter’s) death. This is not the first C-level ABN Amro banker to be found dead. In 2009, former CFO Huibert Boumeester was discovered with (assumed self-inflicted) shotgun wounds.
This brings the sad list of senior financial services exectives who have died in the last few months to 12:
1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.
2 – Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.
3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.
4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.
5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.
6 – Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.
7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.
8 – Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.
9 – James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death
10 – Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train
11 – Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.
12 – Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.
Suicide doesn’t usually involve killing your spouse and kids. Some guys do that, but then they would kill all the kids, not just the one kid who happens to be there at the moment. Methinks the latest was an amateurish hit. The hitman messed up and had to kill two extra people.
Duong Chi Dung , 56, former chairman of Vinalines, and his accomplices listen to the verdict at a local People’s Court in Hanoi on December 16, 2013. Vietnam, on December 16, sentenced two former top executives at scandal-hit national shipping company Vinalines to death for embezzlement as authorities try to allay rising public anger over corruption. (Vietnam News Agency/AFP/Getty Images)
On June 29, 2009, upon conviction of running a Ponzi scheme that bamboozled investors of at least $18 billion, Bernie Madoff was sentenced to 150 years in federal prison. The sentence, the maximum prosecutors had requested, came at a time of public anger against bankers who had shown uninhibited avarice before the financial collapse. The punishment was almost unanimously hailed: Finally, at least one corrupt financier had gotten his comeuppance.
“The sentence imposed today recognizes the significance of Bernard Madoff’s crimes,” the prosecuting U.S. attorney said. The judge called Madoff’s crimes “extraordinarily evil.”
By Vietnamese standards, Madoff got off easy.
In the past five months, at least three Vietnamese bankers have been sentenced to death — though their crimes amount to just 1 percent of Madoff’s haul.
Last month, a 57-year-old director of a Vietnam Development Bank was sentenced to death after he and 12 others approved counterfeit loans in the amount of $89 million. For inking those contracts, he got a BMW, a diamond ring, and $5.5 million in kickbacks. His death sentence follows similar punishments meted out to two other bankers: One was sent to death row in November for his part in a $25 million scam, and the other, banker Duong Chi Dung, got his in December.
The sentences offer a sharp contrast between how the West handles financial crimes — prison terms, sometimes just a fine — and how some East Asian countries do it. China also executes those convicted of economic crimes, though it’s unclear how many.
In Vietnam, executions have historically been gruesome. A firing squad stuffs the convicted’s mouth with lemons. Then, if customs described by Death Penalty Worldwide are true, he’s tied to a pole and shot by five to seven men. “As the prisoner is dying,” the organization reports, “an officer fires a pistol shot through the condemned’s ear.”
…
“Why all the recent MSM scrutiny of banker deaths?”
After the 1929 stock market crash, did investors really jump out of windows?
August 30, 2002
One senses in these stories an element of wishful thinking on the part of ordinary folks, many of whom had also lost money in the crash. Who can blame them? “The market has tanked! My life savings are gone! These people DESERVE TO DIE!”
Well, they probably did, but they probably didn’t, at least not on October 24 or the even more catastrophic Black Tuesday, October 29. No less an authority than economist John Kenneth Galbraith addressed the subject in his book The Great Crash, 1929, first published in 1955. Studying U.S. death statistics, Galbraith found that while the U.S. suicide rate increased steadily between 1925 and 1932, during October and November of 1929 the number of suicides was disappointingly low.
That’s not to say that a few failed investors, executives, etc., didn’t kill themselves in the wake of the crash. But the suicides happened all around the country, didn’t necessarily involve jumping out the window, and for the most part didn’t take place immediately following the crash. For example:
On Friday, November 8, J.J. Riordan, president of the County Trust Company, took a pistol from a teller’s cage at his bank, went to his home in downtown Manhattan, and shot himself. The news was suppressed until after the bank closed at noon Saturday, to avoid causing a run on the bank.
A vice president of the Earl Radio Corporation jumped to his death from the window of a Manhattan hotel. His suicide note read, “We are broke. Last April I was worth $100,000. Today I am $24,000 in the red.” But this happened in early October, weeks before the crash.
Jesse Livermore, perhaps the most famous of the Wall Street speculators, shot himself–but not until 1940.
Several well-publicized suicides did fulfill the stereotype. Winston Churchill, visiting New York, was awakened the day after Black Tuesday by the noise of a crowd outside the Savoy-Plaza Hotel. “Under my very window a gentleman cast himself down fifteen storeys and was dashed to pieces, causing a wild commotion and the arrival of the fire brigade,” he wrote.
In 1929: The Year of the Great Crash (1989) historian William K. Klingaman says asphyxiation by gas was the most common method of doing oneself in, although there was considerable variety. He writes:
The wife of a Long Island broker shot herself in the heart; a utilities executive in Rochester, New York, shut himself in his bathroom and opened a wall jet of illuminating gas; a St. Louis broker swallowed poison; a Philadelphia financier shot himself in his athletic club; a divorcee in Allentown, Pennsylvania, closed the doors and windows of her home and turned on a gas oven. In Milwaukee, one gentleman who took his own life left a note that read, ‘My body should go to science, my soul to Andrew W. Mellon, and sympathy to my creditors.’
You have to admire a guy like that. Now if only some of the current crop of pirates would take the hint.
“Galbraith found that while the U.S. suicide rate increased steadily between 1925 and 1932, during October and November of 1929 the number of suicides was disappointingly low.”
That sounds on target, like so much of what Galbraith wrote. It is easy to understand how fading memories could lead people to attribute a higher suicide rate over a period of years surrounding The Great Crash to having occurred in its immediate aftermath.
I suspect that what we are currently witnessing is similar to the experience from 1925 though 1932: Stress in the banking industry is leading to an above-average suicide rate over a protracted period of years, rather than a sudden transient jump.
What the story does not say is that Singapore has been following a policy of eugenics for decades, however its view of the size of government and deficit spending is interesting.
They have permission to do this because they are not white. The ancient Romans were the first to work on applying this. But they did so in an inhumane way by killing sickly babies. The Germans of course attempted to create a master race and could have gotten away with it if not for the mass murder of Jews.
But think about this: in a society where all relationships are voluntary and there is no forced subsidizing of classes of people, fewer unintelligent people will breed. Government creates an idiocracy. The LBJ war on poverty was the start of America’s decline, as stupidity was subsidized. In pop culture, stupidity has been rewarded as cool.
It will take us decades to dig out from this idiocracy.
Last time I checked, Singapore is a State. By that I don’t mean belonging to America. I mean Singapore has a thugernment. No place is perfect. No society allows voluntaryists to live peacefully without a statist thug coming for them.
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Comment by RioAmericanInBrasil
2014-04-06 10:38:05
No society allows voluntaryists to live peacefully without a statist thug coming for them.
That sentence is a classic example of your schizophrenic misunderstanding of how the world works.
It acknowledges the existence and importance of “society” while not acknowledging the “state’s” role in it.
It also tacitly admits that your “no government” philosophy has never worked anywhere important, and will never work anywhere important. Think about that.
Comment by Bill, just South of Irvine
2014-04-06 12:51:20
Beware of Riotard statist in paramilitary drag ordering folks to obey all elite LIEberals.
Comment by RioAmericanInBrasil
2014-04-06 12:56:18
Beware of Riotard statist in paramilitary drag ordering folks to obey all elite LIEberals.
LOL. Is that all you got Mr. “Libertarian”. Your life is a joke compared to what you think you are. “Mr. Libertarian” government worker.
Comment by albuquerquedan
2014-04-06 12:56:46
Beware of Riotard statist in paramilitary drag ordering folks to obey all elite LIEberals.
Inywayz, I thought Singapore was getting rich by letting people hide their money there illegally, taking advantage of globalism. I think they have a problem with selling children and women too, just like all the other globalist leaches. Lots of folk are getting rich these days by harvesting the value of the United States. And they didn’t build that.
The word “liberal” has taken a beating over the last few days:
A Mozilla executive was hounded out of his position at the firm he co-founded by a coalition of IRS criminals and left-wing campaigners resolved to punish him for having made a donation to a successful California ballot initiative that defined marriage in traditional terms;
Adam Weinstein, whose downwardly mobile credibility has taken him from ABC to Gawker, called for literally imprisoning people with the wrong views about global warming, writing, “Those malcontents must be punished and stopped”; Mr. Weinstein himself was simply forwarding a dumbed-down-enough-for-Gawker version of the arguments of philosophy professor Lawrence Torcello;
Katherine Timpf, a reporter for Campus Reform, faced a human barricade to keep her from asking questions of those attending a feminist leadership conference, whose organizers informed her that the group was “inclusive” and therefore she was “not welcome here”;
Charles Murray, one of the most important social scientists of his generation, was denounced as a “known white supremacist” by Texas Democrats for holding heterodox views about education policy;
National Democrats spent the week arguing for the anti-free-speech side of a landmark First Amendment case and the anti-religious-freedom side of a case involving the Religious Freedom Restoration Act;
Lois Lerner, the Left’s best friend at the IRS, faces contempt charges related to her role in the Democrats’ coopting the IRS as a weapon against their political enemies;
Harry Reid, a liberal champion of campaign-finance reform, was caught channeling tens of thousands of dollars to his granddaughter while conspicuously omitting her surname, which is also his surname, from official documents, cloaking the transaction,
While one of his California colleagues, a liberal champion of gun control, was indicted on charges of running guns to an organized-crime syndicate.
I find it interesting that the left is doing all of these things, allowing all of these things and promising more in the future. If our executive branch picks and chooses which laws it wants to enforce, what will happen when the other side gains the executive branch? I predict wailing and gnashing of teeth.
Oh look, it’s another brain-dead Republican who is obsessed with finding ways of making “liberals” look bad, in an attempt to shame anyone who is not a Republican.
Darkbird: Have you ever seen or heard a “conservative” do something wrong? For instance, are you aware that Republicans apparently believe that a woman can’t get pregnant from being raped? Are you aware that Republicans don’t want health insurance to cover birth control, but they do want it to cover Viagra? Did you know that Republicans have an agenda of maximum offshoring and illegal immigration, for the explicit purpose of waging a class war?
Just wondering, since I noticed that you are overly aware of every single thing that any “liberal” has ever done or said that can be interpreted as being wrong. You even find it worthwhile to make improptu comments about it on the Housing Bubble Blog.
Unfortunately the Republicans are worthless. Maybe a Democrat will step up and notice that their party will do anything if they think that they’ll get away with it. Anything.
Regarding what you think the Republicans stand for, you’re so off base I have to wonder where you get your news. Really dear I’m not kidding, your sources are not telling you the truth.
Try reading articles on Real Clear Politics where you can get both sides of any story. Until then, peace.
The State Department Has Lost Track of More Than $6 Billion in the Last Six Years
Apr. 4, 2014 6:23pm
Becket Adams
The State Department has lost track of approximately $6 billion used to pay its contractors, according to a report from the department’s Inspector General.
An inability to file paperwork properly and a “lack of internal control at the department has led to billions of unaccounted dollars over the last six years,” State Department Inspector General Steve Linick said in a “management alert” made public Thursday.
Linick was appointed to his current position in 2013 after the State Department went without an IG for nearly five years, the longest that any federal agency has gone without a chief auditor, the Washington Post reported.
“The failure to maintain contract files adequately creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” the alert states.
The department’s mismanagement of contract funds and contract-related files started a little before Hillary Clinton was appointed Secretary of State. It continued throughout her entire tenure at the State Department.
The IG’s alert, which was published on March 20, but only made available this week, comes at a time when the federal government struggles with contracts and payments to private contractors, the Fiscal Times reported.
The government’s continued lack of oversight “exposes the department to significant financial risk,” Linick said. “It creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file. It impairs the ability of the Department to take effective and timely action to protect its interests, and, in turn, those of taxpayers.”
Maybe it was hanging out in the street after a loss.
Militarized Police Blindside Woman with Nightstick, Pepper Ball Man at Basketball Celebration
By: Peter Van Buren Wednesday April 2, 2014 10:49 am
What happens when the militarization of our police grows too strong? This happens:
In the final minutes of a March Madness basketball game, University of Arizona students gathered on University Boulevard as they had after previous NCAA Tournament games prepared to celebrate a win, or commiserate a loss. A local bar owner noted that the students didn’t cause any trouble or property damage, and there was no violence until police began trying to clear the streets. “The kids,” said the owner, “I want to say they weren’t unruly, it was drunk college kids partying after a loss. I think more were hanging out in the street rather than trying to cause problems.”
None the less, Tucson police showed up in Darth Vader-style riot gear, armed with nightstick and non-lethal bullets, pepper spray and gas masks. They quickly declared that the students were now an “unlawful assembly,” ordered them to disperse and when they did not immediately do so, attacked the crowd.
One student said “It seemed like cops were asking for trouble. Wearing gas masks and lining University Boulevard before the game even ended seemed excessive.”
What happened next is shocking. A video showed a cop blindsiding a young woman with his nightstick. Another video showed police firing non-lethal rounds into a male student and then roughly tackling him to the ground when he did not go down.
Police are empowered to use appropriate force, primarily when needed to protect themselves or others. The inappropriate use of escalating violence is more akin to what happens in war zone, not among partying college students. Tuscon on a spring evening shouldn’t look like Kiev, Istanbul or Caracas, but it did. One is left to wonder if the cops see these students as “their people,” the ones they are sworn to protect and serve. Watching the videos, more and more one feels cops have the same Us and Them attitudes soldiers adopt in war zones.
The actions of an increasingly militarized police are reinforced by billions of dollars’ worth of military weapons and equipment available to local police departments through grant programs administered by federal agencies such as the Departments of Defense, Justice, and Homeland Security. The American Civil Liberties Union (ACLU) warns:
The police officers on our streets and in our neighborhoods are not soldiers fighting a war. Yet many have been armed with tactics and weapons designed for battle overseas. The result: people – disproportionately those in poor communities and communities of color – have become targets for violent SWAT raids, often because the police suspect they have small amounts of drugs in their homes.
In his book, Rise of the Warrior Cop: The Militarization of America’s Police Forces, author Radley Balko shows how politicians’ relentless declarations of war against vague enemies like crime, drugs, and terror have blurred the distinction between cop and soldier. He shows how over a generation, a creeping battlefield mentality has isolated and alienated American police officers and put them on a collision course with the values of a free society.
The evidence accumulates. Have we have become the enemy? We have become the enemy.
He shows how over a generation, a creeping battlefield mentality has isolated and alienated American police officers and put them on a collision course with the values of a free society.
Who is he kidding? Cops have always been bullies. The only difference now is that they can get away with more cr@p that in the past.
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Comment by LolaLOL
2014-04-06 12:12:10
The only difference now is that they can get away with more cr@p that in the past.
Hardly, they get away with a lot less “street justice” than before because people used to not have a problem with them thumping on criminals. Now the criminals get multi million dollar pay days.
There are also way more cops, of all stripes, now and better chances to get evidence through video, pictures audio, etc. There are also the unions (sorry again CCC) that keep the bad ones long past when they should have been fired.
The single easiest thing you can do to stop police brutality or the militarized cop state is come out against cop unions.
I am more honest than the political hacks that have been appointed to run NASA and promote the political agenda of globalists. The fact that we have had no global warming for almost 18 years has been proven. People like you defend the models without any facts since there predictions of warming have not even been close to the reality.
The fact that we have had no global warming for almost 18 years has been proven
Buy idiots and agenda people maybe. Yea dude, you’re smarter than NASA. Send them an email. For global records, 2010 is the hottest year on record, tied with 2005.
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.
From yesterday
“Meat would probably cost ten times what it does now if we had to go back to the 1880s and drive cattle with horses.
But think of all the cow punchers who would thereby gain employment.”
Ironically, houses would cost less without the mules driving up the price.
Did your john stiff you or not pay you after he had?
See what I mean? I don’t think you are smart enough to be that funny. I could come up with funnier stuff when I was 10. And you think you’re smarter than NASA and you can’t even be funny?
In Col - in Metro DC, there is tons of advertising in the IT rags about the HP entry into 3D printing. PR about network security and advanced analytics as well.
The PR about network security and advanced analytics I can see. The PR about 3D printing? not so much. Nobody actually MAKES anything here other than hot air. Lots of interface development, though - cobbling together ancient systems.
The real problem for HP is inkjet printing. It has long been the company’s cash cow but is now a market in decline as consumers are turning away from its pricey consumables (ink cartridges) model and are no longer interested in printing in color at home.
Profit margins have always been razor thin for PC sales. Enterprise systems have better margins than PCs, but won’t be able to replace lost printer profits. And the Enterprise market is tough, with competitors like IBM, Oracle, EMC and others, not to mention the combination of Linux and OpenStack nipping at their heels.
I own a 36″ HP Designjet. A print head and ink cart set costs around $900 from Amazon. I just buy expired ones off ebay for pennies and run those in it. (Got the printer free, it was broken and I fixed the power supply board.) I’m a laser printer fan normally. Old HPs are cheap to run and work horses.
Ethan, NOVA Makers (that Meetup group I was telling you about that introduced Arduino into the popular culture here, meets in Reston ) - they NEED you! Best, Jane
I just reposted that on another blog. Bracing myself for a raid by the thought cops.
I saw that show last night on Fox News Channel. I honk it was Enemy of the State. I am glad they aired it. But I predict the Gestapo tactics of traditional non-armed federal agencies will get worse before it gets better.
When mainstream republican candidates for president campaign against this police state and one of them wins, and republican congressional candidates against the police state win, there will be reform.
In the early days the US government did the same police state deal with that sedition act era. It soon led to reform.
But the Republican party is all gung ho about the military-police state. They froth at the mouth about it all day long, and rednecks vote for them because it makes them feel like tough guys.
There is a growing segment that is not in favor of that and also sees much of the build up as actually part of the unholy alliance of LE command and public unions. Bigger budgets, more toys, more power, more dues.
Sorry CCC, we gotta go back to zero on the days without bashing public unions count.
Yeah Big V. I should have just simply said “candidate” rather than Republican Candidate.
I had hopes about the protest against the neoconservative / progressive campaign for war against Syria last year. But I sensed that there are still traditional conservatives who were ridiculing Obama’s soft stance on Russia’s deal on Ukraine.
I somehow think there is a danger that even though libertarians and conservatives are mostly teamed up against this growing police state at home, when they elect a like able Republican as president and elect a Republican Senate they will forget about the police state, laugh off the war on drugs and the promotion of social conservatism.
But I am saying in the early 1800s people had so much of the police state acts against sedition that it was overturned.
This police state too, will pass.
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Comment by RioAmericanInBrasil
2014-04-06 10:26:40
libertarians and conservatives are mostly teamed up against this growing police state at home,
When mainstream republican candidates for president campaign against this police state and one of them wins, and republican congressional candidates against the police state win, there will be reformpigs will fly.
Let’s see if we can go one day without having to sort the housing posts from climate change and public unions.
Our lease is finalized. We took possession. Negotiating the contract went so much smoother once we were working directly with the owner’s agent and not some third party tool who took out an ad posing as owner’s agent (and trying to insert himself as tenant’s agent on the lease agreement, saying we were willing to do anything just so he could get a commission).
Yes! Two more years of not having to worry about house prices.
There you go. My motto is you should lease where you work and all during your career. Long commutes expand your caboose. So reserve 90 minutes a day of working out instead of driving. Make that a priority. Having time to workout as a priority will force you to decide to continue renting.
While renting is far cheaper than owning, if you put that savings to work earning capital gains and compounding, you will reach the point where maybe, yeah, you can buy your dream home with cash and spend weekends there while spending weekdays at your apartment close to work and the gym.
I am very close to doing this. It looks more like the Irvine area for work and Phoenix to come home to on weekends is do-able. I am getting to the point where I don’t want to live on a second floor and would like to empty my storage units and not hear neighbors doors slam. But I certainly would hate to buy a house n an area of constantly yapping dogs. My Phoenix apartment complex is so quiet most of the time. No sound of cars, more often than not no cRAP noise, and they banned smoking. They are discouraging people with foul habits from moving here. And my back windows are adjacent to a park. Who would want to give this up? I would be kicking my rear end if I paid $300,000 to get a SFH and it ends up being noisy in the neighborhood.
This is what terrifies me about buying. You can scope out the neighborhood all you want, and some lackwit moves in with 5 dogs chained up in the yard and it becomes your private hell.
Place I rented before this was on 80 forested acres, absolutely lovely for 8 months, until the neighbor decided she needed a bull to stand in the yard and bellow 12 hours a day. 80 acres is no insulation against a bellowing bull.
I figure I’ll need 1000 acres to be safe from people like that.
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Comment by Bill, just South of Irvine
2014-04-06 09:18:19
Maybe just lease a a SFH would be a compromise.
Comment by Housing Analyst
2014-04-06 09:19:42
Just setting aside the issue of price, that is a huge risk. In a fluid affordable market we’ve had in the past 200 years (pre-Housing Debacle), the losses associated with getting out of a situation like that were painful but not crushing. Now? There is no escape. Tolerate it or accept the crushing burden of massive financial losses.
Yes…. the risk is just too high.
Comment by Whac-A-Bubble™
2014-04-06 09:28:04
“…some lackwit moves in with 5 dogs chained up in the yard and it becomes your private hell.”
We are missing the dog that was chained up in the yard next door from which our neighbors of nine years recently moved, so the investor-owner could fix up the place to sell. That dog would bark to high heaven every time I ventured out into our yard. I assume he would have extended the same courtesy to any prowler who happened to check out our back yard while we were inside sleeping.
No dog, no watchdog.
Comment by LolaLOL
2014-04-06 09:52:39
80 acres is no insulation against a bellowing bull.
That’s good stuff! I’d have lit off lots of packs of firecrackers, let the fun begin.
Comment by In Colorado
2014-04-06 09:57:55
This is what terrifies me about buying. You can scope out the neighborhood all you want, and some lackwit moves in with 5 dogs chained up in the yard and it becomes your private hell.
Where I live animal control would remove those dogs if they became a nuisance. You rarely hear dogs barking in my nabe.
Comment by "Uncle Fed, why won't you love ME?"
2014-04-06 10:01:53
That’s funny about the bull. I had a bull running around in my yard a few months ago. It escaped from somewhere else. Everyone in the neighborhood was talking about it, and they all decided that the bull was mine. They were all talking about me behind my back, telling eachother that I had a bull, and someone told my landlord that I had a bull, but he never asked me about it. I eventually found out the bull was supposed to be mine, and I was all like, hey someone stole my bull.
Bulls. They always cause trouble.
Comment by RonniesLeftMango
2014-04-06 10:53:23
You mess with the Bull, you get the horns.
Comment by Bill, just South of Irvine
2014-04-06 11:22:02
W-A-B the alternative is to find a quiet neighborhood in one of the top ten lowest crime areas of the U.S. Simi Valley had that distinction for years. Parts of Orange County are in top ten. Gilbert Az and parts of Scottsdale too.
Comment by Bill, Just south of Irvine
2014-04-06 18:12:19
This is what terrifies me about buying. You can scope out the neighborhood all you want, and some lackwit moves in with 5 dogs chained up in the yard and it becomes your private hell.
Hey AmazingRuss, in case you get the housing fever, first heal yourself with the website called http://www.rudeneighbor.com
Read a few blogs on it. Yes, barking dogs, everything else, and this is mainly SFH nabes.
Comment by Jane
2014-04-06 20:04:22
Russ, you are fortunate to live in such an area and to be able to make a living there.
Not questioning your choices by any means, and if I had been in your shoes I’d likely also be miffed. Personally, right now, I think I’d stick earplugs in for the chance to have an 80 acre back yard.
THAT’s how un-fond I’ve become of the Metro DC concrete-asphalt-clown car jungle, lol!
Ever checked out Fountain Hills? Beautiful, clean and quiet plus a bit cheaper than Scottsdale.
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Comment by albuquerquedan
2014-04-06 12:42:28
That is one of the best parts of Phoenix, I sometimes cut-off at Holbrook and drive down through that area. If you are going to the Fort McDowell Casino, it is the best way.
Comment by Bill, just South of Irvine
2014-04-06 13:05:24
I love mountain biking in the McDowell mountains there. Yes Fountain Hills is 85266 and one of the best zip codes there to live in.
We had better fire up that carbon tax, I live in South Florida and there’s a Polar bear in my back yard!
“We don’t have time to argue. It’s here. It’s happening and we need to do something.”
Our Year of Extremes: Did Climate Change Just Hit Home?
By Elizabeth Chuck
The dazzling icescape at the top of our planet is mutating into a place that is barely recognizable to those who have studied it for years.
The Arctic is home to some of the world’s most dramatic climate change, scientists say, with warming oceans and air melting ice at a rate experts never imagined possible. The warming there has drastic implications for the rest of the earth, scientists say.
“The Arctic is a very useful bellwether of change, and it’s ringing,” Jason Box, an American glaciologist, told NBC News’ Ann Curry. Curry traveled to far corners of the globe for “Ann Curry Reports: Our Year of Extremes - Did Climate Change Just Hit Home?” which airs Sunday at 7 p.m. ET.
Dan, I asked you last week why the vast majority of scientists in the world think there is ¨global warming¨. You never answered me. Is your answer that it is a religion?
Seventh Grader Suspended For Twirling Pencil ‘Like A Gun’
Student forced to undergo five-hour physical and psychological evaluation
Mikael Thalen
Infowars.com
April 6, 2014
A 13-year-old boy in Vernon, New Jersey was suspended from school last week after being accused of holding his pencil like a gun.
Ethan Chaplin, a seventh-grade student at Glen Meadow Middle School, was twirling his pencil in math class when a fellow student suddenly yelled out, “He’s making gun motions, send him to juvie!”
Ethan was immediately taken to the principal’s office, suspended, and told he would not be able to return to school until he passed a psychological evaluation.
“I was shocked because I’m like, how am I not going to come back to school? I didn’t even do anything,” Ethan told News 12.
Despite telling school administrators that his classmate had been bullying him and was simply attempting to get him in trouble, Ethan says his comments were completely ignored.
When questioned, Vernon Schools Superintendent Charles Maranzano stood by the principal’s decision, insinuating that Ethan could be plotting a violent attack against his school.
“We never know what’s percolating in the minds of children,” Maranzano said. “And when they demonstrate behaviors that raise red flags, we must do our duty.”
Michael Chaplin, Ethan’s father, was just as shocked by the school’s handling of the situation.
“I’m absolutely livid,” Michael said. “I think it’s gross misconduct at its finest. They took something so minimal and took it so far over the edge.”
Michael was forced to take his son to get a five-hour long physical and psychological evaluation at a nearby hospital. Despite doctors finding Ethan to be completely normal, the school has yet to approve his return.
Ethan’s story is yet another example of innocent children being targeted for completely mundane behavior. In multiple cases, young students have been suspended for simply having items that resemble the shape of a firearm.
A 7-year-old child from Maryland was suspended last year for allegedly chewing a “Pop Tart” breakfast pastry into the shape of a handgun.
A 6-year-old Massachusetts boy was given detention and forced to write an apology letter to fellow students last year after bringing a plastic Lego gun, the size of a quarter, onto his school bus.
Just last month, a fifth-grade student from Ohio was suspended for three days after shaping his fingers like a gun. The child was accused of brandishing a “level 2 lookalike firearm” by the school’s principal.
I’m fine with it. The fewer people that are more heavily armed than me the better. If they make guns illegal, I’ll just stop talking about it, and keep my household defense appliances where they have always been. I have plenty of ammo for dozens of home invasion scenarios.
I found this picture hanging on the wall at Mz. Craterton’s lake house the other day during her house warming party. It shows her lined up with the other hopefuls, waiting to get their mortgages:
This place has been on and off the market since 2006!
Nice converted Victorian. I have seen other apartments in it. All very nice. But these people bought at the top of the bubble. This building has very high fees. Guess it costs a fortune to heat. My memory from the open house was the condo fee was around $1000. All for apartment in an ordinary suburb of Boston.
Well, at least there is one house in america that has not depreciated…Nice though a maintenance nightmare at least on the exterior…I would assume given its age and the improvements inside that the infrastructure has been upgraded…But that exterior wood is old & brittle…Not sure about Boston but if it was here it would e redwood and the bugs to get to it…But its still a nightmare to maintain…I have owned a couple of them in the past…
Which reminds me, as a federal tax payer, how do you feel about helping your fellow Americans by helping to insure their mortgages against default?
Or do you share my view that home ownership is a private financial transaction between a lender, a seller and a buyer, which is best lest private, rather than federally subsidized? In particular, wouldn’t it be better to let a private insurance company underwrite the risk of mortgage default, rather than asking poor Uncle Sam to play this insurance role?
Fannie and Freddie’s steep fees hurting home buyers, critics say These fees are partially responsible for declines in home purchases in recent months, especially among moderate-income, first-time and minority buyers, critics say.
By Kenneth R. Harney
April 6, 2014, 5:00 a.m.
WASHINGTON — When you’re raking in tens of billions of dollars in profits by helping credit-elite borrowers buy homes, couldn’t you lighten up on fees a little for everyday folks who’d also like to buy?
That’s a question increasingly being posed to government-controlled home mortgage giants Fannie Mae and Freddie Mac and their federal regulators.
Though most buyers are unaware of the practice, Fannie and Freddie — by far the largest sources of mortgage money in the country — continue to charge punitive, recession-era fees that can add thousands of dollars to consumers’ financing costs. This is despite the fact that the companies are enjoying record profits, low delinquency rates and rising home values, plus are protecting themselves from most losses with insurance policies paid for by consumers.
Critics say that by making conventional mortgages more expensive, these fees are partially responsible for declines in home purchases in recent months, especially among moderate-income, first-time and minority buyers. The add-on fees can raise interest rates for some borrowers from the mid-4% range to more than 5%. Since Fannie and Freddie operate under federal conservatorship and send their profits to the government, the fees amount to a federal surtax on home buyers.
Last year, the two companies had combined pre-tax income of $64 billion. By contrast, the entire private mortgage industry — big banks, small banks, mortgage companies, brokers, servicers and others — had $19 billion in pre-tax income, according to new data compiled by the Mortgage Bankers Assn.
Fannie and Freddie got into deep financial trouble acquiring and backing poorly underwritten loans during the boom years. But under regulatory supervision since 2008, they have improved their performances, primarily by severely tightening their credit standards.
As part of that effort, they created a series of fees known as “loan level pricing adjustments” designed to charge borrowers more if they have certain perceived risks. The fees generally are added to the base interest rate paid by borrowers.
…
Is it safe to say the ongoing operations of failed government-sponsored enterprises Fannie Mae and Freddie Mac are standing in the way of private sector mortgage securitizers and insurers to get back on their feet, even as memories of the Great Recession are fading into the dustbin of history?
A U.S. Senate plan to dismantle Fannie Mae and Freddie Mac (FMCC) may deliver an unintended blow to a fragile housing recovery.
A draft of the measure, which Senate Banking Committee leaders released yesterday, would replace the two financiers with a government-backed mortgage-bond insurer. Private interests would be required to bear losses on the first 10 percent of capital, leading to higher mortgage rates, according to Credit Suisse AG analysts. The plan also would eliminate a mandate that a percentage of mortgages go to lower- and middle-income families, threatening to decrease America’s homeownership rate.
Senator Tim Johnson, a Democrat from South Dakota, and Senator Mike Crapo, an Idaho Republican, are trying to pass the measure this year. Outside the Senate chambers, the housing market is showing signs of cooling as tighter lending and higher prices shut out increasing numbers of first-time buyers.
“It certainly slows the rate of recovery,” said Kevin Chavers, a managing director at BlackRock Inc. and a member of its government relations and public policy group in New York. “It raises the question of what the implications are for the recovery as you raise costs and reduce the universe of people eligible to participate.”
…
Did anyone ever bother documenting how many low-income American households were financially ruined thanks to successful efforts by Fannie Mae or Freddie Mac to encourage them to buy homes they couldn’t afford at the bubble peak?
I’m interested in seeing this analysis; if you have it available, please post.
Housing Recovery Boosted By Drop In Shadow Inventory
By MARILYN ALVA, INVESTOR’S BUSINESS DAILY
Posted 04/03/2014 01:14 PM ET
After $7 trillion in housing wealth was wiped out during the housing downturn, property owners have made back $4 trillion in the last two years, said Lawrence Yun, chief economist of the National Association of Realtors, in a blog this week.
But with $3 trillion still to be made up, he said the housing market is still in “recovery mode” rather than in “expansion mode.”
………Even if one subscribes to the cynical view that the elite knew what they were doing all along, observing that the “rising tide” is lifting fewer and fewer boats and leaving more and more to rot in the sediment – both at a personal and national level – must make most wonder “am I in the right boat and is it big enough?” Concentration is rampant. Credit Suisse estimates that the world will have 11 trillionaires within two generations.
It is not so much that the supply-side principle “if you build it, they will come” is no longer true. It is more that we appear to have passed a tipping point, where so much wealth has been concentrated at the top, they no longer need bother to “build” anything. In short, it has become more economically efficient to buy countries’ economic policy than to create value in order to sell it on. If one can control government to favour the richest, while raising barriers for new entrants, thus increasing their share of the pie exponentially, what is the incentive to grow the pie?
This applies to both companies and individuals. Small business gets clobbered by taxes and business rates, while big business turns around and says to the state: “This is how much tax I fancy paying this year, take it or leave it”. The rich no longer create jobs, through a process of consolidation, takeover and merger, they actually destroy them.
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Comment by Housing Analyst
2014-04-06 13:24:29
Keep beatin’ that dead horse Lola. Don’t you have some tricks to beat?
Our income has gone up faster than our rent. According to our nearly-complete tax return for last year, we are currently renting at about 21% of pre-tax income. However, add to that my daughter’s living expense away from home at college, and our household rent-to-income ratio goes up to 30% — as bad as the pre-mania rule-of-thumb maximum for mortgage payments.
Luckily, unlike most households’ unaffordable mortgages, our period of paying unaffordably high housing expenses will end when my daughter finishes college.
It’s a nice feeling of jingle jangle having all that coin in your pocket, day after day after day. But my Realtor betters tell me I’m just “throwing money away on rent” every month…
Is there any accountability in American politics for being completely wrong? Is there any cost to those who say things that turn out not to be true and then, when their fabrications or false predictions are exposed, calmly move on to concocting new claims as if they had never made the old ones?
The fact that the Affordable Care Act (ACA) hit its original goal this week of signing up more than 7 million people through its insurance exchanges ought to be a moment of truth — literally as well as figuratively. It ought to give everyone, particularly members of the news media, pause over how reckless the opponents of change have been in making instant judgments and outlandish charges.
When the health-care Web site went haywire last fall, conservatives were absolutely certain this technological failure meant that the entire reform effort was doomed. If you doubt this, try a Google search keyed to that period relating the word “doomed” to the health-care law.
It should be said that the general public was much wiser. A CNN poll in November that Post blogger Greg Sargent highlighted at the time found a majority (54 percent to 45 percent) saying that the problems facing the law “will eventually be solved.” Political moderates took this view by 55 percent to 43 percent, independents by 50 percent to 48 percent. Only Republicans — by a whopping 72 percent to 27 percent — and conservatives (by 66 percent to 33 percent) thought the law could never be fixed.
Still posting opinions as facts? In some states we have fewer people obtaining insurance than were dropped. Some success. But keep whistling in the grave yard, the November elections are on there way.
And? Do you know how the American political system works? How bills are passed and who signs them? But keep whistling past the grave yard…….ACA is here to stay in one form or another.
Obama will not comment because to have a chance of making Obamacare work they needed the mix to be 40% young people, bragging about the percentage moving up to 28.5% is a joke. Just like the rest of the Obama presidency epic fail, time to do yardwork:
In some states we have fewer people obtaining insurance than were dropped.
Wow. Did you and the Koch brothers come up with this dumb talking point to spin the Repub governors’ refusal to expand Medicaid in the red states?
Name one blue state that expanded Medicaid that will have less covered. You can’t. So your statement is purely a twisting of the situation in Red States.
Is there any accountability in American politics for being completely wrong? Is there any cost to those who say things that turn out not to be true and then, when their fabrications or false predictions are exposed, calmly move on to concocting new claims as if they had never made the old ones?
“…the White House needs something close to a miracle to meet its goal of enrolling 6 million people by the end of this month.”
— AP, 3/11/2014
“The disastrous rollout of his health care law not only threatens the rest of his agenda but also raises questions about his competence in the same way that the Bush administration’s botched response to Hurricane Katrina undermined any semblance of Republican efficiency.”
— Michael Shear, NYT, 11/14/2013
“The one difference was Katrina was a storm, the health care law was Obama’s creation.”
— Ron Fournier, 10/23/2013
“At this pace, the Obama Administration will never be able to meet their enrollment goals.”
— Sen. Orrin Hatch, 11/13/2013
“Obamacare is doomed for failure on its own.”
— Rep. Tom Cole, 10/28/2013
Rio, I wouldn’t bother with the Obamacare naysayers. They still think it was Obamacare that canceled their insurance. It wasn’t. It was the INSURANCE COMPANY that canceled their insurance and forced the people into Obamacare. That way, the insurance company could charge a higher premium and collect gov money subsidies. Bonus, they got to pin their own lies on Obama.
If the trolls can’t understand that, there’s no reaching them.
For only 10 times the cost and effort that it would normally take. They probably had the tech sitting there for 50+ years, yeah thanks for the efficiency.
Name:Ben Jones Location:Northern Arizona, United States To donate by mail, or to otherwise contact this blogger, please send emails to: thehousingbubble@gmail.com
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Good morning Realtors®
“Good morning Realtors®” ?
Goon, has your drug of choice switched from pot to molly? I understand given your concern with not gaining weight. If you keep smoking pot, you are going to have a “pot” belly and more chins than a San Francisco phone book. How many 7/11 hot dogs did you eat last night before you decided to change?
What’s the problem with Goons post?
What’s the problem with Goons post?
Saying good morning to Realtors sounds like he likes them. Thought he might be on something which made him love everyone.
What’s molly?
According to urban dictionary, it’s high-grade MDMA or Ecstasy.
If goon is concerned about gainin weight, the most effective drug is high-fat steak and grass fed eggs.
Where do you come up with this stuff?
Where do you come up with this stuff?
It’s the current fad.
Actually it’s an old fad. A VERY VERY OLD fad.
What do you think about the paleo versus the mediterranean diet, oxide?
If it doesn’t include grain, hay and alfalfa, she won’t like it.
Grass fed hay?
Oddfellow, there are several facets to Paleo. In addition to the caveman aspect, Paleos believe that people are sick and obese not just from carbs, but from modern food “inventions. Paleos “eat real food” and avoid all the modern junk. Not just fast food and Twinkies, but they also avoid ingredients like vegetable oils, HFCS, or corn extracts like guar gum or modified food starch. Paleos also avoid meat from cows that were fattened on a feed lot with corn (GMO) or soy (GMO). Finally, Paleos avoid modern dwarf hybrid wheat, which is believed to be addictive. When you check the ingredients, it seems that almost everything contains one of more of these baddies. For Paleos, about 90% of the grocery store is off limits!
The Mediterranean diet — at least in Europe — demands fresher and more local food, so it’s already avoids the American junk additives. For a Paleo, that’s half the battle. So the Med diet is probably okay… if you cook it all yourself from fresh ingredients and adhere to small portion sizes of gnocchi and pasta. But there are overweight people in Europe too. That’s the carb effect.
Eggs don’t eat grass, I’m pretty sure.
Where our mules at?
http://youtu.be/SReQ6XNhB_E
That’s good stuff. When did they record her? At an open house?
No, they recorded that at Home Depot, when I got excited over their new shipment of closet poles. But I haven’t seen the guy who runs the forklift in Garden in a while. They seem to be turning over their employees again to score more diversity points.
excited over their new shipment of closet poles.
Put down the wine and slowly back away from the computer.
Oxy, that was funny.
realtors are liars
If realtors are liars what does that make the Congresscreeps who take their money?
https://www.opensecrets.org/lobby/indusclient.php?id=F10
$38 million alone from the National Association of Realtors last year
Hey… anyone can buy their own congressman if they have the cash.
Why, why, why, why would they cause the FHA loan limits to drop all across the country by large amounts? This is surely going to effect prices. It just can’t figure it. It goes against everything I believe about the PTB for this to have occurred.
Was it some kind of time limit deal that was made back during the big bailout, that five years after they’d drop the FHA limits? Do they think that if they see it being a problem they can just reverse it back with the stroke of a pen ( I guess they could). But why do it at all, why even run the risk?
Maybe there is a move to stop encouraging low-income households to take on an unrepayable debt burden for the short-term privilege of temporary membership in the Ownership Society?
Serious answers only please.
Fear of another bubble/crash?
So the drop loan limits, which will causes prices to drop because they fear another bubble (which has already happened again) or another crash (which the drop might itself cause)?
Explain it to me like I’m 5.
Phoenix Housing Demand Sinks 26 YoY; Now At 4 Year Lows
http://www.zillow.com/local-info/AZ-Phoenix-home-value/r_40326/#metric=mt%3D30%26dt%3D1%26tp%3D5%26rt%3D8%26r%3D40326%26el%3D0
Anyone got any first hand info about what is going on with all the new developments recently built in the PHX area. There’s more sign spinners on corners than shills and cheerleaders and bird dogs on this blog.
What I’ve heard from subcontractors is most home builders are only building homes that have a contract plus they’ve stiffened the penalty when you cancel a contract. Therefore new inventory is probably being kept lower than times in the past, but they’re still hiring those sign spinners.
Per my GF in the title biz things are steady.
“only building homes that have a contract”
And that’s how it works in this business. And that is why we’re known as contractors. Have no doubt in your mind, it is a fundamental distinction.
“Falling housing prices to dramatically lower and more affordable levels is good for the economy and positively bullish.”
Precisely.
Bill of Rights or Temporary Privileges - YouTube
http://www.youtube.com/watch?v=u8_fkPxdIE8 - 147k - Cached - Similar pages
Feb 4, 2013 … George Carlin was a pretty smart guy. Do we really have a Bill of Rights
Rocklin, CA Housing Prices Dive 9% YoY; Inventory Balloons 143%
http://www.movoto.com/rocklin-ca/market-trends/
Ba-ta bum bum bum
Da-dum dum dum ta-dum
Another Banker Found Dead
Zero Hedge
April 6, 2014
A mere two weeks since former JPMorgan banker, Kenneth Bellando jumped to his death, Bloomberg reports that the former CEO of Dutch Bank ABN Amro (and his wife and daughter) were found dead at their home after a possible “family tragedy.” This expands the dismal list of senior financial services executive deaths to 12 in the last few months. The 57-year-old Jan Peter Schmittmann, was reportedly discovered by his other daughter when she arrived home that morning. Police declined to comment on the cirumstances of his (and his wife and daughter’s) death. This is not the first C-level ABN Amro banker to be found dead. In 2009, former CFO Huibert Boumeester was discovered with (assumed self-inflicted) shotgun wounds.
This brings the sad list of senior financial services exectives who have died in the last few months to 12:
1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.
2 – Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.
3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.
4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.
5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.
6 – Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.
7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.
8 – Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.
9 – James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death
10 – Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train
11 – Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.
12 – Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.
t’aint enuf.
Now it’s clear that suicide is part of the job, will the banksters salaries & bonuses go even higher in the future?
Suicide doesn’t usually involve killing your spouse and kids. Some guys do that, but then they would kill all the kids, not just the one kid who happens to be there at the moment. Methinks the latest was an amateurish hit. The hitman messed up and had to kill two extra people.
Phone:
Are you the person who put (and his wife and daughter) in parentheses, or did the author actually do that?
The author.
And MacBeth still thinks that women are favored over men.
Yep. And I still do.
Don’t bankers normally die, just like everyone else eventually does?
Why all the recent MSM scrutiny of banker deaths?
Here is an interesting twist on the MSM’s recent fixation on banker morbidity:
Vietnam’s punishment for corrupt bankers: Death
By Terrence McCoy
April 4 at 4:03 am
Duong Chi Dung , 56, former chairman of Vinalines, and his accomplices listen to the verdict at a local People’s Court in Hanoi on December 16, 2013. Vietnam, on December 16, sentenced two former top executives at scandal-hit national shipping company Vinalines to death for embezzlement as authorities try to allay rising public anger over corruption. (Vietnam News Agency/AFP/Getty Images)
On June 29, 2009, upon conviction of running a Ponzi scheme that bamboozled investors of at least $18 billion, Bernie Madoff was sentenced to 150 years in federal prison. The sentence, the maximum prosecutors had requested, came at a time of public anger against bankers who had shown uninhibited avarice before the financial collapse. The punishment was almost unanimously hailed: Finally, at least one corrupt financier had gotten his comeuppance.
“The sentence imposed today recognizes the significance of Bernard Madoff’s crimes,” the prosecuting U.S. attorney said. The judge called Madoff’s crimes “extraordinarily evil.”
By Vietnamese standards, Madoff got off easy.
In the past five months, at least three Vietnamese bankers have been sentenced to death — though their crimes amount to just 1 percent of Madoff’s haul.
Last month, a 57-year-old director of a Vietnam Development Bank was sentenced to death after he and 12 others approved counterfeit loans in the amount of $89 million. For inking those contracts, he got a BMW, a diamond ring, and $5.5 million in kickbacks. His death sentence follows similar punishments meted out to two other bankers: One was sent to death row in November for his part in a $25 million scam, and the other, banker Duong Chi Dung, got his in December.
The sentences offer a sharp contrast between how the West handles financial crimes — prison terms, sometimes just a fine — and how some East Asian countries do it. China also executes those convicted of economic crimes, though it’s unclear how many.
In Vietnam, executions have historically been gruesome. A firing squad stuffs the convicted’s mouth with lemons. Then, if customs described by Death Penalty Worldwide are true, he’s tied to a pole and shot by five to seven men. “As the prisoner is dying,” the organization reports, “an officer fires a pistol shot through the condemned’s ear.”
…
“Why all the recent MSM scrutiny of banker deaths?”
After the 1929 stock market crash, did investors really jump out of windows?
August 30, 2002
One senses in these stories an element of wishful thinking on the part of ordinary folks, many of whom had also lost money in the crash. Who can blame them? “The market has tanked! My life savings are gone! These people DESERVE TO DIE!”
Well, they probably did, but they probably didn’t, at least not on October 24 or the even more catastrophic Black Tuesday, October 29. No less an authority than economist John Kenneth Galbraith addressed the subject in his book The Great Crash, 1929, first published in 1955. Studying U.S. death statistics, Galbraith found that while the U.S. suicide rate increased steadily between 1925 and 1932, during October and November of 1929 the number of suicides was disappointingly low.
That’s not to say that a few failed investors, executives, etc., didn’t kill themselves in the wake of the crash. But the suicides happened all around the country, didn’t necessarily involve jumping out the window, and for the most part didn’t take place immediately following the crash. For example:
On Friday, November 8, J.J. Riordan, president of the County Trust Company, took a pistol from a teller’s cage at his bank, went to his home in downtown Manhattan, and shot himself. The news was suppressed until after the bank closed at noon Saturday, to avoid causing a run on the bank.
A vice president of the Earl Radio Corporation jumped to his death from the window of a Manhattan hotel. His suicide note read, “We are broke. Last April I was worth $100,000. Today I am $24,000 in the red.” But this happened in early October, weeks before the crash.
Jesse Livermore, perhaps the most famous of the Wall Street speculators, shot himself–but not until 1940.
Several well-publicized suicides did fulfill the stereotype. Winston Churchill, visiting New York, was awakened the day after Black Tuesday by the noise of a crowd outside the Savoy-Plaza Hotel. “Under my very window a gentleman cast himself down fifteen storeys and was dashed to pieces, causing a wild commotion and the arrival of the fire brigade,” he wrote.
In 1929: The Year of the Great Crash (1989) historian William K. Klingaman says asphyxiation by gas was the most common method of doing oneself in, although there was considerable variety. He writes:
The wife of a Long Island broker shot herself in the heart; a utilities executive in Rochester, New York, shut himself in his bathroom and opened a wall jet of illuminating gas; a St. Louis broker swallowed poison; a Philadelphia financier shot himself in his athletic club; a divorcee in Allentown, Pennsylvania, closed the doors and windows of her home and turned on a gas oven. In Milwaukee, one gentleman who took his own life left a note that read, ‘My body should go to science, my soul to Andrew W. Mellon, and sympathy to my creditors.’
You have to admire a guy like that. Now if only some of the current crop of pirates would take the hint.
— Cecil Adams
http://www.straightdope.com/columns/read/2412/after-the-1929-stock-market-crash-did-investors-really-jump-out-of-windows - 23k -
“Galbraith found that while the U.S. suicide rate increased steadily between 1925 and 1932, during October and November of 1929 the number of suicides was disappointingly low.”
That sounds on target, like so much of what Galbraith wrote. It is easy to understand how fading memories could lead people to attribute a higher suicide rate over a period of years surrounding The Great Crash to having occurred in its immediate aftermath.
I suspect that what we are currently witnessing is similar to the experience from 1925 though 1932: Stress in the banking industry is leading to an above-average suicide rate over a protracted period of years, rather than a sudden transient jump.
A gang of kids got him with a machete and dragged him to their tree fort.
What the story does not say is that Singapore has been following a policy of eugenics for decades, however its view of the size of government and deficit spending is interesting.
http://www.thefinancialist.com/inside-singapores-success-qa-with-finance-minister-shanmugaratnam/
Trying to keep poor people from having lots of kids? Deplorable!
Singapore should follow our model and encourage the poor to reproduce.
Sacramento, CA Housing Demand Down 11% YoY; Now At 2004 Levels
http://www.zillow.com/local-info/CA-Sacramento-home-value/r_20288/#metric=mt%3D30%26dt%3D1%26tp%3D6%26rt%3D8%26r%3D20288%26el%3D0
Another article on Singapore:
http://www.assignmentexpert.com/blog/assignment-tips/the-singapore-miracle-eugenics-for-the-human-life/
They have permission to do this because they are not white. The ancient Romans were the first to work on applying this. But they did so in an inhumane way by killing sickly babies. The Germans of course attempted to create a master race and could have gotten away with it if not for the mass murder of Jews.
But think about this: in a society where all relationships are voluntary and there is no forced subsidizing of classes of people, fewer unintelligent people will breed. Government creates an idiocracy. The LBJ war on poverty was the start of America’s decline, as stupidity was subsidized. In pop culture, stupidity has been rewarded as cool.
It will take us decades to dig out from this idiocracy.
I hope you have seen and enjoyed the movie.
What do you think about Singapore’s gun laws? I was once told by a Singaporean that the possession of a single bullet is a capital offense.
Last time I checked, Singapore is a State. By that I don’t mean belonging to America. I mean Singapore has a thugernment. No place is perfect. No society allows voluntaryists to live peacefully without a statist thug coming for them.
No society allows voluntaryists to live peacefully without a statist thug coming for them.
That sentence is a classic example of your schizophrenic misunderstanding of how the world works.
It acknowledges the existence and importance of “society” while not acknowledging the “state’s” role in it.
It also tacitly admits that your “no government” philosophy has never worked anywhere important, and will never work anywhere important. Think about that.
Beware of Riotard statist in paramilitary drag ordering folks to obey all elite LIEberals.
Beware of Riotard statist in paramilitary drag ordering folks to obey all elite LIEberals.
LOL. Is that all you got Mr. “Libertarian”. Your life is a joke compared to what you think you are. “Mr. Libertarian” government worker.
Beware of Riotard statist in paramilitary drag ordering folks to obey all elite LIEberals.
Beware of Rio in drag period.
You can’t spell period without Rio.
Yeah, Orwell.
Inywayz, I thought Singapore was getting rich by letting people hide their money there illegally, taking advantage of globalism. I think they have a problem with selling children and women too, just like all the other globalist leaches. Lots of folk are getting rich these days by harvesting the value of the United States. And they didn’t build that.
From convos I have had with Singaporeans I get the feeling that it is very much an Orwellian kind of place.
The Liberal Gulag - National Review
The word “liberal” has taken a beating over the last few days:
A Mozilla executive was hounded out of his position at the firm he co-founded by a coalition of IRS criminals and left-wing campaigners resolved to punish him for having made a donation to a successful California ballot initiative that defined marriage in traditional terms;
Adam Weinstein, whose downwardly mobile credibility has taken him from ABC to Gawker, called for literally imprisoning people with the wrong views about global warming, writing, “Those malcontents must be punished and stopped”; Mr. Weinstein himself was simply forwarding a dumbed-down-enough-for-Gawker version of the arguments of philosophy professor Lawrence Torcello;
Katherine Timpf, a reporter for Campus Reform, faced a human barricade to keep her from asking questions of those attending a feminist leadership conference, whose organizers informed her that the group was “inclusive” and therefore she was “not welcome here”;
Charles Murray, one of the most important social scientists of his generation, was denounced as a “known white supremacist” by Texas Democrats for holding heterodox views about education policy;
National Democrats spent the week arguing for the anti-free-speech side of a landmark First Amendment case and the anti-religious-freedom side of a case involving the Religious Freedom Restoration Act;
Lois Lerner, the Left’s best friend at the IRS, faces contempt charges related to her role in the Democrats’ coopting the IRS as a weapon against their political enemies;
Harry Reid, a liberal champion of campaign-finance reform, was caught channeling tens of thousands of dollars to his granddaughter while conspicuously omitting her surname, which is also his surname, from official documents, cloaking the transaction,
While one of his California colleagues, a liberal champion of gun control, was indicted on charges of running guns to an organized-crime syndicate.
I find it interesting that the left is doing all of these things, allowing all of these things and promising more in the future. If our executive branch picks and chooses which laws it wants to enforce, what will happen when the other side gains the executive branch? I predict wailing and gnashing of teeth.
I don’t think the left is a person who can promise or allow things.
Oh look, it’s another brain-dead Republican who is obsessed with finding ways of making “liberals” look bad, in an attempt to shame anyone who is not a Republican.
Darkbird: Have you ever seen or heard a “conservative” do something wrong? For instance, are you aware that Republicans apparently believe that a woman can’t get pregnant from being raped? Are you aware that Republicans don’t want health insurance to cover birth control, but they do want it to cover Viagra? Did you know that Republicans have an agenda of maximum offshoring and illegal immigration, for the explicit purpose of waging a class war?
Just wondering, since I noticed that you are overly aware of every single thing that any “liberal” has ever done or said that can be interpreted as being wrong. You even find it worthwhile to make improptu comments about it on the Housing Bubble Blog.
¨You even find it worthwhile to make improptu comments about it on the Housing Bubble Blog¨
Trolls gotta troll!
Just because you don’t know about the facts, or don’t like them, doesn’t mean they’re not true.
Wake up, take a look around because your government is out of control and your rights could be next.
“Wake up, take a look around because your government is out of control and your rights could be next.”
+>1
And we can count on the Republicans to save us, too.
Uncle Fed.
Unfortunately the Republicans are worthless. Maybe a Democrat will step up and notice that their party will do anything if they think that they’ll get away with it. Anything.
Regarding what you think the Republicans stand for, you’re so off base I have to wonder where you get your news. Really dear I’m not kidding, your sources are not telling you the truth.
Try reading articles on Real Clear Politics where you can get both sides of any story. Until then, peace.
The State Department Has Lost Track of More Than $6 Billion in the Last Six Years
Apr. 4, 2014 6:23pm
Becket Adams
The State Department has lost track of approximately $6 billion used to pay its contractors, according to a report from the department’s Inspector General.
An inability to file paperwork properly and a “lack of internal control at the department has led to billions of unaccounted dollars over the last six years,” State Department Inspector General Steve Linick said in a “management alert” made public Thursday.
Linick was appointed to his current position in 2013 after the State Department went without an IG for nearly five years, the longest that any federal agency has gone without a chief auditor, the Washington Post reported.
“The failure to maintain contract files adequately creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” the alert states.
The department’s mismanagement of contract funds and contract-related files started a little before Hillary Clinton was appointed Secretary of State. It continued throughout her entire tenure at the State Department.
The IG’s alert, which was published on March 20, but only made available this week, comes at a time when the federal government struggles with contracts and payments to private contractors, the Fiscal Times reported.
The government’s continued lack of oversight “exposes the department to significant financial risk,” Linick said. “It creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file. It impairs the ability of the Department to take effective and timely action to protect its interests, and, in turn, those of taxpayers.”
http://www.theblaze.com/stories/2014/04/04/the-state-department-has-lost-track-of-more-than-6-billion-in-the-last-six-years/ - 109k -
A link from the Blaze? Did the Onion not have anything today?
This is the best I can do. For some reason CNN NBC etc. didn’t run the story.
Watchdog: State Department can’t fully account for $6B worth of …
http://www.foxnews.com/politics/2014/04/04/watchdog-state-department-cant-fully-account-for-6b-worth-contracts/ - 30k - Cached - Similar pages
1 day ago … The State Department has a serious problem accounting for how it has spent
Are you always this stupid?
It’s in the tree house.
“It’s in the tree house.”
The tree house didn’t get built.
Maybe it was hanging out in the street after a loss.
Militarized Police Blindside Woman with Nightstick, Pepper Ball Man at Basketball Celebration
By: Peter Van Buren Wednesday April 2, 2014 10:49 am
What happens when the militarization of our police grows too strong? This happens:
In the final minutes of a March Madness basketball game, University of Arizona students gathered on University Boulevard as they had after previous NCAA Tournament games prepared to celebrate a win, or commiserate a loss. A local bar owner noted that the students didn’t cause any trouble or property damage, and there was no violence until police began trying to clear the streets. “The kids,” said the owner, “I want to say they weren’t unruly, it was drunk college kids partying after a loss. I think more were hanging out in the street rather than trying to cause problems.”
None the less, Tucson police showed up in Darth Vader-style riot gear, armed with nightstick and non-lethal bullets, pepper spray and gas masks. They quickly declared that the students were now an “unlawful assembly,” ordered them to disperse and when they did not immediately do so, attacked the crowd.
One student said “It seemed like cops were asking for trouble. Wearing gas masks and lining University Boulevard before the game even ended seemed excessive.”
What happened next is shocking. A video showed a cop blindsiding a young woman with his nightstick. Another video showed police firing non-lethal rounds into a male student and then roughly tackling him to the ground when he did not go down.
Police are empowered to use appropriate force, primarily when needed to protect themselves or others. The inappropriate use of escalating violence is more akin to what happens in war zone, not among partying college students. Tuscon on a spring evening shouldn’t look like Kiev, Istanbul or Caracas, but it did. One is left to wonder if the cops see these students as “their people,” the ones they are sworn to protect and serve. Watching the videos, more and more one feels cops have the same Us and Them attitudes soldiers adopt in war zones.
The actions of an increasingly militarized police are reinforced by billions of dollars’ worth of military weapons and equipment available to local police departments through grant programs administered by federal agencies such as the Departments of Defense, Justice, and Homeland Security. The American Civil Liberties Union (ACLU) warns:
The police officers on our streets and in our neighborhoods are not soldiers fighting a war. Yet many have been armed with tactics and weapons designed for battle overseas. The result: people – disproportionately those in poor communities and communities of color – have become targets for violent SWAT raids, often because the police suspect they have small amounts of drugs in their homes.
In his book, Rise of the Warrior Cop: The Militarization of America’s Police Forces, author Radley Balko shows how politicians’ relentless declarations of war against vague enemies like crime, drugs, and terror have blurred the distinction between cop and soldier. He shows how over a generation, a creeping battlefield mentality has isolated and alienated American police officers and put them on a collision course with the values of a free society.
The evidence accumulates. Have we have become the enemy? We have become the enemy.
http://dissenter.firedoglake.com/2014/04/02/militarized-police-blindside-woman-with-nightstick-pepper-ball-man-at-basketball-celebration/ - 42k -
He shows how over a generation, a creeping battlefield mentality has isolated and alienated American police officers and put them on a collision course with the values of a free society.
Who is he kidding? Cops have always been bullies. The only difference now is that they can get away with more cr@p that in the past.
The only difference now is that they can get away with more cr@p that in the past.
Hardly, they get away with a lot less “street justice” than before because people used to not have a problem with them thumping on criminals. Now the criminals get multi million dollar pay days.
There are also way more cops, of all stripes, now and better chances to get evidence through video, pictures audio, etc. There are also the unions (sorry again CCC) that keep the bad ones long past when they should have been fired.
The single easiest thing you can do to stop police brutality or the militarized cop state is come out against cop unions.
The sun is still active so global cooling is on hold:
http://informthepundits.wordpress.com/2014/04/03/sunspots-2014-march-another-record-breaking-month/
The sun is still active so global cooling is on hold:
And you are smarter than NASA. Dude, send them an email with what you know. I’m sure they’ve never thought of it.
I am more honest than the political hacks that have been appointed to run NASA and promote the political agenda of globalists. The fact that we have had no global warming for almost 18 years has been proven. People like you defend the models without any facts since there predictions of warming have not even been close to the reality.
The fact that we have had no global warming for almost 18 years has been proven
Buy idiots and agenda people maybe. Yea dude, you’re smarter than NASA. Send them an email. For global records, 2010 is the hottest year on record, tied with 2005.
http://www.skepticalscience.com/global-warming-stopped-in-1998.htm
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.
People like you defend the models without any facts since there predictions of warming have not even been close to the reality.
There is no global warming because AlGore broke his model airplane. And you are much smarter than NASA. Send them an email with your work.
Like Barney you probably wanted to leave housing to the experts at Fannie Mae:
http://taxfoundation.org/blog/barney-frank-fannie-mae-and-freddie-mac-2003
because everyone who smokes pot is fat. I think even Michael Phelps has put on a few pounds since he stopped training.
6″2′ 170 lbs here, and I love my pot.
sarcasm Russ, sarcasm.
Sorry, was too stoned to get it.
Lola not here, man.
From yesterday
“Meat would probably cost ten times what it does now if we had to go back to the 1880s and drive cattle with horses.
But think of all the cow punchers who would thereby gain employment.”
Ironically, houses would cost less without the mules driving up the price.
I think we need the links to post or we are only going to be talking about pot as if my razzing of Goon was a scientific discussion.
Up in Smoke (1978) Quotes
Pedro: Hey how am I driving, man?
Man Stoner: [looks around] : I think we’re parked.
—————————————————————————-
Border Guard: So, how long you’ve been in Mexico?
Pedro: A week. I mean a day.
Border Guard: Well, which is it? A week or a day?
Pedro: A weekday.
——————————————————————————
Man: You wanna get high man?
Pedro: Does Howdy Doody got wooden Balls man?
Dave’s not here, man.
my razzing of Goon was a scientific discussion.
Your “scientific discussions” are on par with your razzing, and you’re as bad at “razzing” as your attempts to be funny.
Sounds like you are in a bad mood Lola, Did your john stiff you or not pay you after he had?
Sounds like you are in a bad mood Lola
You’re just not funny.
Did your john stiff you or not pay you after he had?
See what I mean? I don’t think you are smart enough to be that funny. I could come up with funnier stuff when I was 10. And you think you’re smarter than NASA and you can’t even be funny?
You……..are………boring……..
You……..are………boring……..
So why do you reply?
So why do you reply?
Because you lie. Boring people can be liars too.
To complicated Mr. Not Funny?
Lola doesn’t have the mental fortitude.
Hello Lola. Shouldn’t you be checking back in at the half-way house?
The real problem for HP is inkjet printing. It has long been the company’s cash cow but is now a market in decline as consumers are turning away from its pricey consumables (ink cartridges) model and are no longer interested in printing in color at home.
Profit margins have always been razor thin for PC sales. Enterprise systems have better margins than PCs, but won’t be able to replace lost printer profits. And the Enterprise market is tough, with competitors like IBM, Oracle, EMC and others, not to mention the combination of Linux and OpenStack nipping at their heels.
Has tablet computers hurt the desire to print?
I own a 36″ HP Designjet. A print head and ink cart set costs around $900 from Amazon. I just buy expired ones off ebay for pennies and run those in it. (Got the printer free, it was broken and I fixed the power supply board.) I’m a laser printer fan normally. Old HPs are cheap to run and work horses.
Ethan, NOVA Makers (that Meetup group I was telling you about that introduced Arduino into the popular culture here, meets in Reston ) - they NEED you! Best, Jane
In Col - Thanks very much for the insight!
I am waiting for NOAA to raid my house for being a lukewarmist:
http://watchdog.org/136244/federal-law-enforcement/
The Flatulence Police are coming for you.
I just reposted that on another blog. Bracing myself for a raid by the thought cops.
I saw that show last night on Fox News Channel. I honk it was Enemy of the State. I am glad they aired it. But I predict the Gestapo tactics of traditional non-armed federal agencies will get worse before it gets better.
When mainstream republican candidates for president campaign against this police state and one of them wins, and republican congressional candidates against the police state win, there will be reform.
In the early days the US government did the same police state deal with that sedition act era. It soon led to reform.
But the Republican party is all gung ho about the military-police state. They froth at the mouth about it all day long, and rednecks vote for them because it makes them feel like tough guys.
There is a growing segment that is not in favor of that and also sees much of the build up as actually part of the unholy alliance of LE command and public unions. Bigger budgets, more toys, more power, more dues.
Sorry CCC, we gotta go back to zero on the days without bashing public unions count.
Yeah Big V. I should have just simply said “candidate” rather than Republican Candidate.
I had hopes about the protest against the neoconservative / progressive campaign for war against Syria last year. But I sensed that there are still traditional conservatives who were ridiculing Obama’s soft stance on Russia’s deal on Ukraine.
I somehow think there is a danger that even though libertarians and conservatives are mostly teamed up against this growing police state at home, when they elect a like able Republican as president and elect a Republican Senate they will forget about the police state, laugh off the war on drugs and the promotion of social conservatism.
But I am saying in the early 1800s people had so much of the police state acts against sedition that it was overturned.
This police state too, will pass.
libertarians and conservatives are mostly teamed up against this growing police state at home,
Are you high?
When mainstream republican candidates for president campaign against this police state and one of them wins, and republican congressional candidates against the police state win,
there will be reformpigs will fly.Let’s see if we can go one day without having to sort the housing posts from climate change and public unions.
Our lease is finalized. We took possession. Negotiating the contract went so much smoother once we were working directly with the owner’s agent and not some third party tool who took out an ad posing as owner’s agent (and trying to insert himself as tenant’s agent on the lease agreement, saying we were willing to do anything just so he could get a commission).
Yes! Two more years of not having to worry about house prices.
Plus a 100% better quality of house, higher pay, lower cost of living! and saving my better half from 10 hours of car travel each week.
That’s right. Why buy when you can rent for half the cost?
There you go. My motto is you should lease where you work and all during your career. Long commutes expand your caboose. So reserve 90 minutes a day of working out instead of driving. Make that a priority. Having time to workout as a priority will force you to decide to continue renting.
While renting is far cheaper than owning, if you put that savings to work earning capital gains and compounding, you will reach the point where maybe, yeah, you can buy your dream home with cash and spend weekends there while spending weekdays at your apartment close to work and the gym.
I am very close to doing this. It looks more like the Irvine area for work and Phoenix to come home to on weekends is do-able. I am getting to the point where I don’t want to live on a second floor and would like to empty my storage units and not hear neighbors doors slam. But I certainly would hate to buy a house n an area of constantly yapping dogs. My Phoenix apartment complex is so quiet most of the time. No sound of cars, more often than not no cRAP noise, and they banned smoking. They are discouraging people with foul habits from moving here. And my back windows are adjacent to a park. Who would want to give this up? I would be kicking my rear end if I paid $300,000 to get a SFH and it ends up being noisy in the neighborhood.
This is what terrifies me about buying. You can scope out the neighborhood all you want, and some lackwit moves in with 5 dogs chained up in the yard and it becomes your private hell.
Place I rented before this was on 80 forested acres, absolutely lovely for 8 months, until the neighbor decided she needed a bull to stand in the yard and bellow 12 hours a day. 80 acres is no insulation against a bellowing bull.
I figure I’ll need 1000 acres to be safe from people like that.
Maybe just lease a a SFH would be a compromise.
Just setting aside the issue of price, that is a huge risk. In a fluid affordable market we’ve had in the past 200 years (pre-Housing Debacle), the losses associated with getting out of a situation like that were painful but not crushing. Now? There is no escape. Tolerate it or accept the crushing burden of massive financial losses.
Yes…. the risk is just too high.
“…some lackwit moves in with 5 dogs chained up in the yard and it becomes your private hell.”
We are missing the dog that was chained up in the yard next door from which our neighbors of nine years recently moved, so the investor-owner could fix up the place to sell. That dog would bark to high heaven every time I ventured out into our yard. I assume he would have extended the same courtesy to any prowler who happened to check out our back yard while we were inside sleeping.
No dog, no watchdog.
80 acres is no insulation against a bellowing bull.
That’s good stuff! I’d have lit off lots of packs of firecrackers, let the fun begin.
This is what terrifies me about buying. You can scope out the neighborhood all you want, and some lackwit moves in with 5 dogs chained up in the yard and it becomes your private hell.
Where I live animal control would remove those dogs if they became a nuisance. You rarely hear dogs barking in my nabe.
That’s funny about the bull. I had a bull running around in my yard a few months ago. It escaped from somewhere else. Everyone in the neighborhood was talking about it, and they all decided that the bull was mine. They were all talking about me behind my back, telling eachother that I had a bull, and someone told my landlord that I had a bull, but he never asked me about it. I eventually found out the bull was supposed to be mine, and I was all like, hey someone stole my bull.
Bulls. They always cause trouble.
You mess with the Bull, you get the horns.
W-A-B the alternative is to find a quiet neighborhood in one of the top ten lowest crime areas of the U.S. Simi Valley had that distinction for years. Parts of Orange County are in top ten. Gilbert Az and parts of Scottsdale too.
This is what terrifies me about buying. You can scope out the neighborhood all you want, and some lackwit moves in with 5 dogs chained up in the yard and it becomes your private hell.
Hey AmazingRuss, in case you get the housing fever, first heal yourself with the website called http://www.rudeneighbor.com
Read a few blogs on it. Yes, barking dogs, everything else, and this is mainly SFH nabes.
Russ, you are fortunate to live in such an area and to be able to make a living there.
Not questioning your choices by any means, and if I had been in your shoes I’d likely also be miffed. Personally, right now, I think I’d stick earplugs in for the chance to have an 80 acre back yard.
THAT’s how un-fond I’ve become of the Metro DC concrete-asphalt-clown car jungle, lol!
and they banned smoking. They are discouraging people with foul habits from moving here
Dude……..you are such the libertarian huh?
(In your mind)
Riotard, it is private property. The property owner has a right also of banning riotards from the premises, thank goodness.
The property owner has a right also of banning riotards from the premises,
Your life is a contradiction to what you spout. Almost all you have is because of government work. How do you sleep at night?
it is private property. The property owner has a right also
Here you make no sense with your “philosophy”.
If everything was “private property” absent government’s role in protecting liberty, the private property owners could infringe on liberty at will.
Too complicated for a “libertarian”?
If they don’t like it, they can take themselves and their business elsewhere! Through, umm, private property.
Ever checked out Fountain Hills? Beautiful, clean and quiet plus a bit cheaper than Scottsdale.
That is one of the best parts of Phoenix, I sometimes cut-off at Holbrook and drive down through that area. If you are going to the Fort McDowell Casino, it is the best way.
I love mountain biking in the McDowell mountains there. Yes Fountain Hills is 85266 and one of the best zip codes there to live in.
¨from climate change and public unions.¨
Trolls gotta troll!
We had better fire up that carbon tax, I live in South Florida and there’s a Polar bear in my back yard!
“We don’t have time to argue. It’s here. It’s happening and we need to do something.”
Our Year of Extremes: Did Climate Change Just Hit Home?
By Elizabeth Chuck
The dazzling icescape at the top of our planet is mutating into a place that is barely recognizable to those who have studied it for years.
The Arctic is home to some of the world’s most dramatic climate change, scientists say, with warming oceans and air melting ice at a rate experts never imagined possible. The warming there has drastic implications for the rest of the earth, scientists say.
“The Arctic is a very useful bellwether of change, and it’s ringing,” Jason Box, an American glaciologist, told NBC News’ Ann Curry. Curry traveled to far corners of the globe for “Ann Curry Reports: Our Year of Extremes - Did Climate Change Just Hit Home?” which airs Sunday at 7 p.m. ET.
Smells like an election is coming up.
AGW is a religion not science and a religion used by the globalists to get what they want:
http://www.theguardian.com/environment/2014/mar/30/james-lovelock-environmentalism-religion
Dan, I asked you last week why the vast majority of scientists in the world think there is ¨global warming¨. You never answered me. Is your answer that it is a religion?
We had better fire up that carbon tax
Taxes have nothing to do with science. The tax thing is a different subject from the math.
They are not the same. That you might be taxed does not affect the reality of the reality.
You are confusing a possible response with reality.
“Yes! Two more years of not having to worry about house prices.”
Congrats! It’s a great feeling.
Seventh Grader Suspended For Twirling Pencil ‘Like A Gun’
Student forced to undergo five-hour physical and psychological evaluation
Mikael Thalen
Infowars.com
April 6, 2014
A 13-year-old boy in Vernon, New Jersey was suspended from school last week after being accused of holding his pencil like a gun.
Ethan Chaplin, a seventh-grade student at Glen Meadow Middle School, was twirling his pencil in math class when a fellow student suddenly yelled out, “He’s making gun motions, send him to juvie!”
Ethan was immediately taken to the principal’s office, suspended, and told he would not be able to return to school until he passed a psychological evaluation.
“I was shocked because I’m like, how am I not going to come back to school? I didn’t even do anything,” Ethan told News 12.
Despite telling school administrators that his classmate had been bullying him and was simply attempting to get him in trouble, Ethan says his comments were completely ignored.
When questioned, Vernon Schools Superintendent Charles Maranzano stood by the principal’s decision, insinuating that Ethan could be plotting a violent attack against his school.
“We never know what’s percolating in the minds of children,” Maranzano said. “And when they demonstrate behaviors that raise red flags, we must do our duty.”
Michael Chaplin, Ethan’s father, was just as shocked by the school’s handling of the situation.
“I’m absolutely livid,” Michael said. “I think it’s gross misconduct at its finest. They took something so minimal and took it so far over the edge.”
Michael was forced to take his son to get a five-hour long physical and psychological evaluation at a nearby hospital. Despite doctors finding Ethan to be completely normal, the school has yet to approve his return.
Ethan’s story is yet another example of innocent children being targeted for completely mundane behavior. In multiple cases, young students have been suspended for simply having items that resemble the shape of a firearm.
A 7-year-old child from Maryland was suspended last year for allegedly chewing a “Pop Tart” breakfast pastry into the shape of a handgun.
A 6-year-old Massachusetts boy was given detention and forced to write an apology letter to fellow students last year after bringing a plastic Lego gun, the size of a quarter, onto his school bus.
Just last month, a fifth-grade student from Ohio was suspended for three days after shaping his fingers like a gun. The child was accused of brandishing a “level 2 lookalike firearm” by the school’s principal.
Eric Holder “We Must Brainwash People Against Guns” - YouTube
http://www.youtube.com/watch?v=rY-HdiR5a0g - 147k - Cached - Similar pages
Jul 29, 2013 …
I’m fine with it. The fewer people that are more heavily armed than me the better. If they make guns illegal, I’ll just stop talking about it, and keep my household defense appliances where they have always been. I have plenty of ammo for dozens of home invasion scenarios.
I found this picture hanging on the wall at Mz. Craterton’s lake house the other day during her house warming party. It shows her lined up with the other hopefuls, waiting to get their mortgages:
http://www.picpaste.com/Donkeys_in_Line-iD1nb061.jpg
“MzCraterton” lolz
So that is a squad from the FSA!
http://imagizer.imageshack.us/a/img688/2484/40973600.jpg
This place has been on and off the market since 2006!
Nice converted Victorian. I have seen other apartments in it. All very nice. But these people bought at the top of the bubble. This building has very high fees. Guess it costs a fortune to heat. My memory from the open house was the condo fee was around $1000. All for apartment in an ordinary suburb of Boston.
http://www.realtor.com/realestateandhomes-detail/51-Appleton-St-Apt-8_Arlington_MA_02476_M46363-48305?row=47
Man oh man….. the depreciation alone on the place just ate whatever retirement you might have had. RUN and run fast.
Well, at least there is one house in america that has not depreciated…Nice though a maintenance nightmare at least on the exterior…I would assume given its age and the improvements inside that the infrastructure has been upgraded…But that exterior wood is old & brittle…Not sure about Boston but if it was here it would e redwood and the bugs to get to it…But its still a nightmare to maintain…I have owned a couple of them in the past…
All houses depreciate, always.
That looks like a classic money pit.
Federal taxes are due in nine days.
Which reminds me, as a federal tax payer, how do you feel about helping your fellow Americans by helping to insure their mortgages against default?
Or do you share my view that home ownership is a private financial transaction between a lender, a seller and a buyer, which is best lest private, rather than federally subsidized? In particular, wouldn’t it be better to let a private insurance company underwrite the risk of mortgage default, rather than asking poor Uncle Sam to play this insurance role?
lest
…left…
Fannie and Freddie’s steep fees hurting home buyers, critics say
These fees are partially responsible for declines in home purchases in recent months, especially among moderate-income, first-time and minority buyers, critics say.
By Kenneth R. Harney
April 6, 2014, 5:00 a.m.
WASHINGTON — When you’re raking in tens of billions of dollars in profits by helping credit-elite borrowers buy homes, couldn’t you lighten up on fees a little for everyday folks who’d also like to buy?
That’s a question increasingly being posed to government-controlled home mortgage giants Fannie Mae and Freddie Mac and their federal regulators.
Though most buyers are unaware of the practice, Fannie and Freddie — by far the largest sources of mortgage money in the country — continue to charge punitive, recession-era fees that can add thousands of dollars to consumers’ financing costs. This is despite the fact that the companies are enjoying record profits, low delinquency rates and rising home values, plus are protecting themselves from most losses with insurance policies paid for by consumers.
Critics say that by making conventional mortgages more expensive, these fees are partially responsible for declines in home purchases in recent months, especially among moderate-income, first-time and minority buyers. The add-on fees can raise interest rates for some borrowers from the mid-4% range to more than 5%. Since Fannie and Freddie operate under federal conservatorship and send their profits to the government, the fees amount to a federal surtax on home buyers.
Last year, the two companies had combined pre-tax income of $64 billion. By contrast, the entire private mortgage industry — big banks, small banks, mortgage companies, brokers, servicers and others — had $19 billion in pre-tax income, according to new data compiled by the Mortgage Bankers Assn.
Fannie and Freddie got into deep financial trouble acquiring and backing poorly underwritten loans during the boom years. But under regulatory supervision since 2008, they have improved their performances, primarily by severely tightening their credit standards.
As part of that effort, they created a series of fees known as “loan level pricing adjustments” designed to charge borrowers more if they have certain perceived risks. The fees generally are added to the base interest rate paid by borrowers.
…
Is it safe to say the ongoing operations of failed government-sponsored enterprises Fannie Mae and Freddie Mac are standing in the way of private sector mortgage securitizers and insurers to get back on their feet, even as memories of the Great Recession are fading into the dustbin of history?
Fannie Mae Wind-Down Deemed Threat to Home Recovery: Mortgages
By Heather Perlberg and Prashant Gopal Mar 17, 2014 7:11 AM PT
A U.S. Senate plan to dismantle Fannie Mae and Freddie Mac (FMCC) may deliver an unintended blow to a fragile housing recovery.
A draft of the measure, which Senate Banking Committee leaders released yesterday, would replace the two financiers with a government-backed mortgage-bond insurer. Private interests would be required to bear losses on the first 10 percent of capital, leading to higher mortgage rates, according to Credit Suisse AG analysts. The plan also would eliminate a mandate that a percentage of mortgages go to lower- and middle-income families, threatening to decrease America’s homeownership rate.
Senator Tim Johnson, a Democrat from South Dakota, and Senator Mike Crapo, an Idaho Republican, are trying to pass the measure this year. Outside the Senate chambers, the housing market is showing signs of cooling as tighter lending and higher prices shut out increasing numbers of first-time buyers.
“It certainly slows the rate of recovery,” said Kevin Chavers, a managing director at BlackRock Inc. and a member of its government relations and public policy group in New York. “It raises the question of what the implications are for the recovery as you raise costs and reduce the universe of people eligible to participate.”
…
Did anyone ever bother documenting how many low-income American households were financially ruined thanks to successful efforts by Fannie Mae or Freddie Mac to encourage them to buy homes they couldn’t afford at the bubble peak?
I’m interested in seeing this analysis; if you have it available, please post.
If you buy a house with a credit card, you can deduct the credit card interest from your taxes.
Housing Recovery Boosted By Drop In Shadow Inventory
By MARILYN ALVA, INVESTOR’S BUSINESS DAILY
Posted 04/03/2014 01:14 PM ET
After $7 trillion in housing wealth was wiped out during the housing downturn, property owners have made back $4 trillion in the last two years, said Lawrence Yun, chief economist of the National Association of Realtors, in a blog this week.
But with $3 trillion still to be made up, he said the housing market is still in “recovery mode” rather than in “expansion mode.”
http://news.investors.com/business/040314-695775-shadow-inventory-and-foreclosures-fall-says-corelogic.htm - 130k -
I love how this “wealth” is discussed as if it was ever real money.
Everything is too expensive.
Yes sir. The price of everything is massively inflated.
Have you ever pondered the simple question; Where is the money going?
“Where is the money going?”
To the .1%?
Housing is still cheap. LOL
Renting at 13% of monthly income isn’t.
I’m at 18%.
Went for a nice long bike ride today… lots of owners out toiling in their yards.
Ahh, the pride of ownership.
It all comes down to this. The Right’s great experiment failed. America’s brand of capitalism is a failure to our American society.
Trickle-down economics is the greatest broken promise of our lifetime
http://www.theguardian.com/commentisfree/2014/jan/20/trickle-down-economics-broken-promise-richest-85
………Even if one subscribes to the cynical view that the elite knew what they were doing all along, observing that the “rising tide” is lifting fewer and fewer boats and leaving more and more to rot in the sediment – both at a personal and national level – must make most wonder “am I in the right boat and is it big enough?” Concentration is rampant. Credit Suisse estimates that the world will have 11 trillionaires within two generations.
It is not so much that the supply-side principle “if you build it, they will come” is no longer true. It is more that we appear to have passed a tipping point, where so much wealth has been concentrated at the top, they no longer need bother to “build” anything. In short, it has become more economically efficient to buy countries’ economic policy than to create value in order to sell it on. If one can control government to favour the richest, while raising barriers for new entrants, thus increasing their share of the pie exponentially, what is the incentive to grow the pie?
This applies to both companies and individuals. Small business gets clobbered by taxes and business rates, while big business turns around and says to the state: “This is how much tax I fancy paying this year, take it or leave it”. The rich no longer create jobs, through a process of consolidation, takeover and merger, they actually destroy them.
Keep beatin’ that dead horse Lola. Don’t you have some tricks to beat?
Our income has gone up faster than our rent. According to our nearly-complete tax return for last year, we are currently renting at about 21% of pre-tax income. However, add to that my daughter’s living expense away from home at college, and our household rent-to-income ratio goes up to 30% — as bad as the pre-mania rule-of-thumb maximum for mortgage payments.
Luckily, unlike most households’ unaffordable mortgages, our period of paying unaffordably high housing expenses will end when my daughter finishes college.
It’s a nice feeling of jingle jangle having all that coin in your pocket, day after day after day. But my Realtor betters tell me I’m just “throwing money away on rent” every month…
Everything is too expensive.
Does that include your salary?
Actually, if everything was too expensive by the amount then I think that that would mean that everything was correctly priced.
“Does that include your salary?”
No. People that have my job in NY, NJ, MA, etc. make about 2x what I make. 50% off for the citizens of Florida! What a nice guy I am.
Cheap guys want cheap housing.
Rasmussen still has Romney up in Utah and JoeSixPack is smarter than NASA….
The GOP must admit it was wrong on Obamacare
http://www.washingtonpost.com/opinions/ej-dionne-the-gop-must-admit-it-was-wrong-on-obamacare/2014/04/02/f5635366-ba98-11e3-9a05-c739f29ccb08_story.html
Is there any accountability in American politics for being completely wrong? Is there any cost to those who say things that turn out not to be true and then, when their fabrications or false predictions are exposed, calmly move on to concocting new claims as if they had never made the old ones?
The fact that the Affordable Care Act (ACA) hit its original goal this week of signing up more than 7 million people through its insurance exchanges ought to be a moment of truth — literally as well as figuratively. It ought to give everyone, particularly members of the news media, pause over how reckless the opponents of change have been in making instant judgments and outlandish charges.
When the health-care Web site went haywire last fall, conservatives were absolutely certain this technological failure meant that the entire reform effort was doomed. If you doubt this, try a Google search keyed to that period relating the word “doomed” to the health-care law.
It should be said that the general public was much wiser. A CNN poll in November that Post blogger Greg Sargent highlighted at the time found a majority (54 percent to 45 percent) saying that the problems facing the law “will eventually be solved.” Political moderates took this view by 55 percent to 43 percent, independents by 50 percent to 48 percent. Only Republicans — by a whopping 72 percent to 27 percent — and conservatives (by 66 percent to 33 percent) thought the law could never be fixed.
Still posting opinions as facts? In some states we have fewer people obtaining insurance than were dropped. Some success. But keep whistling in the grave yard, the November elections are on there way.
the November elections are on there way.
And? Do you know how the American political system works? How bills are passed and who signs them? But keep whistling past the grave yard…….ACA is here to stay in one form or another.
You lost.
BigTime.
(Rasmussen has the Repubs up in Idaho)
Obama will not comment because to have a chance of making Obamacare work they needed the mix to be 40% young people, bragging about the percentage moving up to 28.5% is a joke. Just like the rest of the Obama presidency epic fail, time to do yardwork:
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/04/facing-obamacare-deadline-more-young-people-signed-up-in-march/?wprss=rss_business
In some states we have fewer people obtaining insurance than were dropped.
Wow. Did you and the Koch brothers come up with this dumb talking point to spin the Repub governors’ refusal to expand Medicaid in the red states?
Name one blue state that expanded Medicaid that will have less covered. You can’t. So your statement is purely a twisting of the situation in Red States.
Still posting opinions as facts?
I’m posting facts as facts.
Is there any accountability in American politics for being completely wrong? Is there any cost to those who say things that turn out not to be true and then, when their fabrications or false predictions are exposed, calmly move on to concocting new claims as if they had never made the old ones?
“…the White House needs something close to a miracle to meet its goal of enrolling 6 million people by the end of this month.”
— AP, 3/11/2014
“The disastrous rollout of his health care law not only threatens the rest of his agenda but also raises questions about his competence in the same way that the Bush administration’s botched response to Hurricane Katrina undermined any semblance of Republican efficiency.”
— Michael Shear, NYT, 11/14/2013
“The one difference was Katrina was a storm, the health care law was Obama’s creation.”
— Ron Fournier, 10/23/2013
“At this pace, the Obama Administration will never be able to meet their enrollment goals.”
— Sen. Orrin Hatch, 11/13/2013
“Obamacare is doomed for failure on its own.”
— Rep. Tom Cole, 10/28/2013
their
Rio, I wouldn’t bother with the Obamacare naysayers. They still think it was Obamacare that canceled their insurance. It wasn’t. It was the INSURANCE COMPANY that canceled their insurance and forced the people into Obamacare. That way, the insurance company could charge a higher premium and collect gov money subsidies. Bonus, they got to pin their own lies on Obama.
If the trolls can’t understand that, there’s no reaching them.
Obammunist
Poor misunderstood Messiah.
It must be nice to be in a political party that automatically makes high school graduates smarter than NASA and 95% of the world’s scientific bodies.
It’s amazing actually. I’m going to send an email to NASA.
I’m going to send an email to NASA.
Ask them if they can zoom in a satellite and see your green shirt.
One small step for S/He, one giant step for manwomankind.
While you’re emailing the government, be sure to thank them for inventing email.
For only 10 times the cost and effort that it would normally take. They probably had the tech sitting there for 50+ years, yeah thanks for the efficiency.
Barack Hussein Obama
…. the liar.