Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
Post off-topic ideas, links, and Craigslist finds here.
Posted By: Ben Jones @ 12:26 am
ECB signals intent to shower the banksters with moar stimulus (free gambling money).
This should help support the values of risk assets (stocks, bonds, houses, etc), no?
Maybe the US dollar will get more valuable too.
ECB signals intent to shower the banksters with moar stimulus (free gambling money). ??
Look at the german two-year this morning and you will see why….
Aren’t those rock-bottom short-term German bond yields an effect of ECB printing, not the cause?
Zero-yielding German two-year bonds meet high demand
Wed Aug 20, 2014 7:08am EDT
* Investors bid for twice the amount at German auction
* German yields up to four years close to zero
* Markets attach higher probability of ECB QE (Updates with German auction details, new comment)
By Marius Zaharia
LONDON, Aug 20 (Reuters) - German two-year debt yields held close to 15-month lows just below zero on Wednesday, with record low money market rates and expectations of easier ECB monetary policy underpinning demand at an auction of similarly-dated bonds
Germany sold over 4 billion euros of a new two-year bond, with demand from investors double that amount despite the average yield and the coupon both being zero.
Data last week showing the euro zone economy stagnated in the second quarter even before the impact of sanctions imposed on and by Russia over the conflict in Ukraine cemented expectations European Central Bank interest would stay ultra-low for a long time.
It has also rekindled expectations the ECB could eventually print money to buy debt, or in market jargon, do quantitative easing (QE). A Reuters poll this week showed money market traders saw a 50 percent probability of QE in the next 12 months, up from a one-in-three chance in last week’s survey.
“We’ve seen really bad growth numbers and these translate into deflation fears, which in turn fuel QE expectations,” said Felix Herrmann, a market strategist at DZ Bank, adding that geopolitical risks also supported demand at the German auction.
“All that argues for lower German yields for shorter and medium term maturities. There are few, if any, reasons for Bund yields to rise.”
‘As much as Bubble episodes seem absolutely ridiculous in hindsight (Internet stocks 1999, subprime 2006), they do not appear as such in real time. Indeed, the perceived rationality of participating in the boom is integral to Bubble Dynamics. By 1999, it had become obvious that technological innovation was changing the world - and that tech stocks only went up. By 2006, who could argue against the view that home prices only rose and loan losses were a non-issue? Was borrowing at historically low rates to buy a home irrational? How about speculating in higher-yielding MBS? After all, and as was clearly understood throughout the economy and markets (thanks to various bailouts and market interventions), Washington and the Fed would never allow a housing bust.’
‘These days, it’s not irrational for “money” to flood into funds indexed to equities and corporate Credit. At this point, there is absolutely no doubt that Washington, the Fed and global central banks would never allow a securities market bust.’
Sectarian war in Iraq. Obama said we were leaving behind a stable, democratic Iraq. Not so much.
power of pride
these colors don’t run
freedom isn’t free
“We have them on the run.”
Many predicted this would happen the day we first invaded. I remembers the naysayers being told to shut up, what with their talk of “quagmire”.
Far be it from Cheney and the neo-cons to ever admit how catastrophically wrong they were all along in their proclaimations about Iraq.
French socialists are running out of other people’s money, as bankster demands for ever-greater austerity for the 99% cause increasing discontent even within the corrupt-to-the-core ruling party.
Austerity. It’s harvest time for the banking clan.
French socialists are running out of other people’s money
After looking at these numbers below, how are French running out of other people’s money? They are on average, much wealthier than Americans.
And why are the average French “Socialists” so much richer than the average American? (Answer below)
Median net worth per adult——–$141,850
Median total debt per adult————-$38,603
Median net worth per adult———-$44,911
Median total debt per adult———-$56,811
Source Wike/Credit Swiss Bank Global Wealth Study
Answer: Here is why the average “Socialist” French is way richer than Americans. Because most Americans’ wealth is Rent Seeking financial wealth in very, very few hands. America’s gross wealth inequality causes the average American to be poorer than the average French.
The numbers below are AVERAGES while the numbers above are MEDIAN and all that entails in regard to wealth distribution. (When wealth is distributed very unequally, the median represents average wealth more accurately) Comparing the above and below numbers shows America’s gross wealth inequality has not made the average American richer than the French’s lessor wealth inequality. America’s rich are way richer than the French rich, but the average French is way richer than the averageAmerican. Gross wealth inequality is bad, very bad. USA’s livin’ the dream of it.
Average net financial wealth per person:
You can’t compare dollars to dollars in different countries. French people have a lower standard of living.
French people have a lower standard of living.
That depends what’s important to you. American’s have much more stuff, bigger cars, houses, toys, bling. But the French have much more time off, better pensions, better justice system, way less prisoners, live longer, have a better overall health-care system, totally arguably better food, better romance, prettier, more well maintained women, more in shape people, access to a dozen close major cultures etc.
So who has the real higher “standard of living”?
Standard of living is measured by material things. You are off the edge with the “prettier women” thing. ABQDan used to say that about Asian women too. French people are:
Not very clean
Eaters of things that smell bad
There, how’s that? They still have a lower standard of living.
You know this how? Have you lived in France recently?
Food by eating it, visiting there and world reputation.
Health care, pensions, time off, prison numbers/judicial system by statistics of both countries and first hand knowledge of the American system.
French access to more languages and cultures than America on a country basis is obvious.
French/Latin women being well maintained/pretty and romantic? No comment.
No, but I do have access to modern communication devices, such as internet and TV. The average French family crams itself into a tiny little apartment. I saw some documentary where they were being praised for their smart use of space (because they don’t have any). I have also met some French people. They all said that opportunities in the United States were much better than France.
anyone who thinks france is ‘all that’ should try actually living there…not visiting…not watching a tv show about it. in paris, seemingly most of the residents are new arrivals and make the place seem very non-european. outside of paris, much of the countryside is very rural…which is totally ok if that’s what you’re into. i would agree with the earlier comments about the diff between median and average wealth and wealth distribution. regarding french women being ‘prettier’…that’s just silly and completely subjective.
Those of us without trust funds need to keep living and working in the United States. No time for a year in France, a year in Africa, etc. I’m sure the internet, the TV, and personal communication gives a good enough picture.
Average vs. Median
The well-known Bill Gates effect.
More policing for profit.
Business confidence in Germany is collapsing, so the ECB is throwing more QE at the banksters. Go figure.
Germany has tried tried the money printing thing before. I’d be surprised if they’re up for another round this soon.
Yeah, as I recall it didn’t work out so well for them last time. Some nasty little postcard painter ended up as Supreme Ruler after a wheelbarrow full of money couldn’t buy a loaf of bread, and plunged the country into a world war. Couldn’t happen here, though.
Even Establishment media outlets - at least in Europe and the UK - are starting to figure out that limitless ECB free money for the banksters isn’t going to fix those countries’ economic ills.
Scary. The article portrays our economic solutions, ie QE forever, are what Europe needs to do.
More Monday-morning market hopium as the ECB revs up its printing press.
Cornell West calls out Obama.
THIS is the kind of article I actually appreciate, and is precisely how Obama should be criticized. I’m not much of a Cornell West fan, but he hit the nail on the head. Obama is a phony. His platform in 2008 was “I’m running for Main St., not Wall St.,” yet immediately upon gaining the presidency he turned into Wall Street’s whore. I lost count of how many visits Lloyd Blankfein and Jamie Dimon have made to the White House. Obama is a liar and a fraud.
The UK political elites have for decades flooded the British Isles with immigrants deeply hostile to the values of western civilization. Now they are reaping what they sowed.
But the flood of immigrants all voted for bigger government and for the labour and democrat parties.
It is all about power. Who cares if you wrecked your country and collectively committed cultural suicide.
Your party has power NOW.
‘wrecked your country and collectively committed cultural suicide’
you need to stop being so racis and go get more coexist stickers
The immigrants are mostly guest workers. They don’t get to vote.
I believe the US has been doing the same thing.
Like father, like son. The UK elites let this brood of vipers into their isles, and ordinary Brits are going to pay the price.
Is it hard to find recent home sales in your neighborhood these days?
Seems like the big advantage of the MLS is their database of home sales. If you do some digging can you find that on the net fairly easily?
Home sales are public but you have to look up houses individually on the county websites. The MLS advantage is as a data compiler. In addition, county websites seem to have a month or so delay in recording the sale.
Isn’t the advantage also they have the most recent listings? Don’t all those sites like Shillow have a lag of a week or more which makes them virtually worthless for finding properties priced to sell quickly?
Why isn’t the MLS public info?
The MLS is not public info because it is a database that is owned by the NAR.
I have not seen this lately in a rental housing listing:
$1995 / 4br - 2566ft² - RENT REDUCED on this beautiful home.
Invitation Homes is lowering their rent to $.78/SF in the Sacramento foothills. Based on the $350,000 they paid for the house in May, 2014, they will be lucky to clear a 5% ROI after taxes, insurance and maintenance, assuming a 5% vacancy.
It has already been vacant for 3 months since they bought it in May, so 2014 vacancy, at best, will exceed 25%. Corporate ownership of SFR housing is not that easy.
couldnt you buy for a cheaper payment there? you ever been into thunder valley casino?
Why buy it when you can rent it for half the monthly cost?
“Why buy it when you can rent it for half the monthly cost?”
+1 Exactly. Can you imagine signing-up for 30-yrs of $4k/month?
FWIW, I wouldn’t give ‘em $2k/month rent either. Insane!
can u run a mortgage calculator? The monthly payment would be no where near 4000 / month.
With 3% down the cost of renting this house from the bank including taxes and insurance would be close to 2000/ month.
You guys are in fantasy land with your bush math skills.
no wonder your still broke.
$350,000 w 20% down = $1420/month at 4.5%. Add taxes, insurance and $100/month maintenance and you are at $1968/month all in.
….and $370/mon goes to principal reduction. Much cheaper to own.
Invitation Homes buys for less than the general public.
“no wonder your still broke.”
…you’re still broke.
exactly jingle male. these flunkies cant figure it out.
‘Invitation Homes buys for less than the general public.’
It’s was probably a year and a half ago I posted the detailed reports on how Blackstone was buying houses in the Ventura County Star. They gave their “model” very clearly. And it included paying 15% over the asking price.
Ben has it right. When Invitation started showing up at auctions, it was my invitation to leave. They bid houses up beyond reason using funny money. Now they get to limp along with a trickle of rental income, hoping for some appreciation.
Stupid way to run a company investment program.
$100 a month depreciation eh J.Fraud? Try $500. Add in another $500 a month in taxes and insurance and you might come close.
Further… add in the losses associated with paying 3x construction cost for a run down 30 year old house.
“exactly jingle male. these flunkies cant figure it out.”
Lighten up,,,grieving for MB this morning. It’s tough to read the numbers,,,alligator tears,,,the official delegation,,,oh, the humanity.
Just so we have it straight, Invitation Homes is the company that rents the houses out. The houses are bought through a network of LLC’s, IIRC.
That is correct. This one is owned by IH4, LLC.
“Ben has it right. When Invitation started showing up at auctions, it was my invitation to leave. They bid houses up beyond reason using funny money. Now they get to limp along with a trickle of rental income, hoping for some appreciation.”
Were they puffing-up their own comps then?
I don’t think they are that stupid. Their stupidity was their willingness to out-bid the competition to win product, with the idea they were buying below market. The reality was, they set a new market that appears to be flat, if not declining a bit.
I don’t think they will lose money, but I do think their returns will be anemic unless and until they realize some appreciation in value. I don’t think we will see much appreciation for 2-3 years.
Keep this in mind J._Fraud…. cap rates are negative double digits at current asking prices.
Do you even know how a cap rate is calculated?
Here’s a hint, you don’t include the cost of debt.
Negative double digits R._Fraud.
…to have a negative cap rate, you would have to pay the renter to occupy the house. HA is an idiot…..
Lol. You’re so dishonest you sound stupid.
“$1995 / 4br - 2566ft² - RENT REDUCED on this beautiful home.”
Looks like a nice street (Google Maps), but big homes on small lots. Too much house for my taste; I’m a 1500-sqft type. I’d have a tough time paying more than $150k to stay out of the elements.
…and there aren’t even that many “elements” in CA!
There may not be many but there is one massive element. CRIME.
“There may not be many but there is one massive element. CRIME.”
Crime? Not sure, but Lincoln is a long drive from Sacramento.
I looked closely at a job offer in Sacramento back around the height of the RE bubble, and only two areas were doable for raising a family, Davis and Folsom. However, both were priced way beyond my ability to rent or buy; single income household. Davis and maybe Winters were really the logical choice as we wanted to be within an easy drive to family in San Jose. And that was a six figure job too!
Busy paying for “back-to-school” needs right now, which also includes sports equipment. I just don’t understand how these metro-based families afford it all.
If you like 1500 sq ft for $2000/month, come to the DC burbs.
Yet youre currently paying 2x monthly per square foot rental rates.
You’re taking this much too personal kiddo…
Washington State Housing Demand Craters MoM, QoQ, YoY At Height Of Selling Season; At 2008 Levels And Falling
Remember…… The definition of a ‘housing recovery’ is falling prices to dramatically lower and more affordable levels.
If you like 1500 sq ft for $2000/month, come to the DC burbs.
Inexpensive compared to Copacabana/Ipanema. Prices are a joke here. A bad joke that probably will not end well for a lot of buyers.
But the total debt level is very low so who knows how this is going to play out.
Speaking of the DC burbs, you’ve got 6,000 new Free Sh*t Army kidz to pay for, so get busy writing those property tax checks
6,000 FSA kids translates into another 60,000 Democrat entitlement administrators, social workers, teachers, case workers, parole officers, etc. so it’s all good. For Commisar Pelosi that is.
My sis pays nearly $3k/mo for 2br apt near Stanford University.
Isn’t Stanford where the Chinese send their precious angels? They’ve probably driven up apts just like they drove up housing.
Yes, I get that. My daughter pays $3850 for a small 2 bedroom in SF. Roommate = 50/50. Approaching $4/SF rent. Brutal, but she loves living in San Francisco.
“Isn’t Stanford where the Chinese send their precious angels?”
Not sure, but Palo Alto is a really nice area. It’s a bicycle town, lots of great dining, top health care, etc., but hyper expensive.
August 23, 2014
The Golf Address
FORE! Score? And seven trillion rounds ago, our forecaddies brought forth on this continent a new playground, conceived by Robert Trent Jones, and dedicated to the proposition that all men are created equal when it comes to spending as much time on the links as possible — even when it seems totally inappropriate, like moments after making a solemn statement condemning the grisly murder of a 40-year-old American journalist beheaded by ISIL.
I know reporters didn’t get a chance to ask questions, but I had to bounce. I had a 1 p.m. tee time at Vineyard Golf Club with Alonzo Mourning and a part-owner of the Boston Celtics. Hillary and I agreed when we partied with Vernon Jordan up here, hanging out with celebrities and rich folks is fun.
Now we are engaged in a great civil divide in Ferguson, which does not even have a golf course, and that’s why I had a “logistical” issue with going there. We are testing whether that community, or any community so conceived and so dedicated, can long endure when the nation’s leader wants nothing more than to sink a birdie putt.
We are met on a great field of that battle, not Augusta, not Pebble Beach, not Bethpage Black, not Burning Tree, but Farm Neck Golf Club in Martha’s Vineyard, which we can’t get enough of — me, Alonzo, Ray Allen and Marvin Nicholson, my trip director and favorite golfing partner who has played 134 rounds and counting with me.
We have to dedicate a portion of that field as a final resting place for my presidency, if I keep swinging from behind.
Yet it is altogether fitting and proper that I should get to play as much golf as I want, despite all the lame jokes about how golf is turning into “a real handicap” for my presidency and how I have to “stay the course” with ISIL. I’ve heard all the carping that I should be in the Situation Room droning and plinking the bad folks. I know some people think I should go to Ferguson. Don’t they understand that I’ve delegated the Martin Luther King Jr. thing to Eric Holder? Plus, Valerie Jarrett and Al Sharpton have it under control.
I know it doesn’t look good to have pictures of me grinning in a golf cart juxtaposed with ones of James Foley’s parents crying, and a distraught David Cameron rushing back from his vacation after only one day, and the Pentagon news conference with Chuck Hagel and General Dempsey on the failed mission to rescue the hostages in Syria.
We’re stuck in the rough, going to war all over again in Iraq and maybe striking Syria, too. Every time Chuck says ISIL is “beyond anything we’ve ever seen,” I sprout seven more gray hairs. But my cool golf caps cover them. If only I could just play through the rest of my presidency.
ISIL brutally killing hostages because we won’t pay ransoms, rumbles of coups with our puppets in Iraq and Afghanistan, the racial caldron in Ferguson, the Ebola outbreak, the Putin freakout — there’s enough awful stuff going on to give anyone the yips.
So how can you blame me for wanting to unwind on the course or for five hours at dinner with my former assistant chef? He’s a great organic cook, and he’s got a gluten-free backyard putting green.
But, in a larger sense, we can dedicate, we can consecrate, we can hallow this ground where I can get away from my wife, my mother-in-law, Uncle Joe, Congress and all the other hazards in my life.
The brave foursomes, living and dead, who struggled here in the sand, in the trees, in the water, have consecrated it, far above our poor power to add or subtract a few strokes to improve our score. Bill Clinton was Mr. Mulligan, and he is twice at popular as I am.
The world will little note, nor long remember, what we shot here, or why I haven’t invited a bunch of tiresome congressmen to tee it up. I’m trying to relax, guys. So I’d much rather stay in the bunker with my usual bros.
Why don’t you play 18 with Mitch McConnell? And John Boehner is a lot better than me, so I don’t want to play with him.
It is for us, the duffers, rather, to be dedicated here to the unfinished work which they who played here have thus far so nobly advanced to get young folks to stop spurning a game they find slow and boring.
It is rather for us to be here dedicated to the great task remaining before us of getting rid of our slice on the public’s dime — that from this honored green we take increased devotion to that cause for which Bobby Jones, Jack Nicklaus, Tiger Woods and Rory McIlroy gave their last full measure of devotion — and divots.
We here highly resolve that these golfing greats shall not have competed in vain, especially poor Tiger, and that this nation, under par, shall have a new birth of freedom to play the game that I have become unnaturally obsessed with, and that golf of the people, by the people, for the people shall not perish from the earth.
So help me Golf.
Maureen Dowd is my favorite NY Times columnist. She really gets it.
I subscribe to Carlin’s view of golf.
I subscribe to Al Czervik’s from Caddyshack: Golf courses and cemeteries are the two biggest wastes of prime real estate. Ask Wang, he’ll tell you. We just bought property in China by the Great Wall. On the good side.
How come we never saw these sorts of stories when Bush was vacationing, only more often? Or any other President for that matter? These are nothing but cheap shots. If he was engaging in behavior that other Presidents before him did not, then that’s something to be discussed. But these sorts of articles are nothing but smear campaigns. Why should our President’s schedule be dictated by the actions of some wannabe rapper turned Jihadi serial killer? At least Obama held a press conference while on vacation.
“While Bush was president, two American journalists were beheaded: Daniel Pearl in Pakistan (2002) and Nick Berg in Iraq (2004). President Bush wasn’t accused of inappropriate conduct even with his excessive vacation habits. There is no record of a personal statement by Bush on either gruesome killing. The killing of Berg in 2004 was fashioned out of protest to look like a Gitmo prisoner getting his due diligence.”
In contrast to Obama holding a press conference, here’s Bush’s response to the beheadings, from the golf course, of course:
“How come we never saw these sorts of stories”
These stories are Drudge link clickbait
New York Post
UK Daily Mail
What is the purpose of the Drudge Report, besides page loads and ad revenue?
Climate change denial
More wars for Israel
CBS White House reporter Mark Knoller is the unofficial but widely trusted chronicler of data on presidential travels and other day-to-day White House goings-on, so we turned to his calculations.
On Aug. 8, 2014, Knoller tweeted that Obama had taken 19 vacations totaling 125 days so far while in office. Those numbers have risen a bit due to the Martha’s Vineyard vacation, but that’s still many fewer than George W. Bush’s 65 combined trips to his Texas ranch and his parents’ home in Kennebunkport, Maine, which totaled 407 days at the same point in his presidency.
Not included in this data are trips to the Camp David presidential retreat in western Maryland, which Knoller doesn’t count as “vacation.” Knoller told Yahoo! News that, through Aug. 12, 2014, Obama had made 33 visits to Camp David for all or part of 84 days, while Bush had been there 108 times for all or part of 341 days.
As we’ve noted previously, the unique security concerns for the president mean that he and his family can’t simply head out on the road and plop down at a Motel 6. And all presidents have to be accessible for consultation and decision-making even if they’re on vacation. As Knoller tweeted, a president “is never really on ‘vacation.’ The job and responsibilities go with him wherever he is.”
By Knoller’s count, Obama played 186 rounds of golf during his presidency through Aug. 12, according to Yahoo! News. That number that has gone up a bit since then due to additional rounds on Martha’s Vineyard.
Bush played many fewer rounds as president — 24, mainly because he stopped in 2003, since it sent the wrong message when troops were fighting in Afghanistan and Iraq.
Still, Obama is hardly the all-time champion in presidential golf rounds. Golf has been so popular among presidents that several golf publications have had no problem filling up the spots on 10-best lists of presidential golfers, with many worthy presidents failing to make the cut. A frequent No. 1 on those lists is John F. Kennedy, despite his debilitating case of Addison’s disease.
As for which president has played the most rounds of golf, it’s definitely not Obama. For instance, Dwight Eisenhower played almost 800 rounds during his eight-year presidency, according to a study of his daily itinerary cited in Golf Digest — many times what Obama has played.
And Eisenhower is not even the No. 1 golf-playing president. Woodrow Wilson played nearly 1,200 rounds during his two terms. Wilson “played more rounds of golf than any president in history,” said Wilson’s biographer, A. Scott Berg.”
All Wars Are Bankers’ Wars - YouTube
http://www.youtube.com/watch?v=5hfEBupAeo4 - 159k - Cached - Similar pages
Feb 4, 2013
7,000 Trapped Ukrainian Forces; IMF to Fund Ukraine Wars?
Monday, August 25, 2014 12:17 AM
IMF to Fund Ukraine Wars?
Ukraine is bankrupt. It accepted an $18 Billion IMF Bailout in March, allegedly with strict conditions.
Do those conditions allow war funding?
I have to ask because Ukraine’s President Warns of ‘Constant Military Threat’ along with more military spending and a military parade.
Ukraine’s pro-western president announced $3bn in additional defence spending on Sunday as he warned the war-torn country faced a “constant military threat” for the foreseeable future.
Petro Poroshenko flexed his might by holding a military parade during commemorations of the former Soviet republic’s 23rd year of independence.
Things are going so well for Ukraine’s military that it needs to come up with $3 billion when it is flat broke.
Ukraine Conflict Draining Economy, Hampering Reforms
Ukraine’ prime minister Arseny Yatseniuk noted last Wednesday that Ukraine Conflict Draining Economy, Hampering Reforms.
Ukraine’s conflict with separatist rebels is draining the economy by the day and hampering efforts to implement reforms as required by an IMF bailout programme, Prime Minister Arseny Yatseniuk said on Wednesday.
According to the terms of a $17 billion International Monetary Fund loan package, Ukraine must implement set reforms, but the country, which is virtually bankrupt and running wide external deficits, has had to divert substantial funds in its fight to contain the pro-Russia insurgency.
The economy contracted by 4.7 percent in the second quarter compared with the same period last year. With industrial output plummeting 12 percent in July, the economic outlook for the third quarter is not promising.
In June, Yatseniuk asked the IMF, which decides on the disbursement of the second tranche of $1.4 billion on Aug 29., to take into account the extra financial burden of fighting the insurgency.
Read more at http://globaleconomicanalysis.blogspot.com/2014/08/7000-trapped-ukrainian-forces-imf-to.html#KbJkWgvv2EPjXBRd.99
Posted: 11:53 a.m. Friday, Aug. 22, 2014
Nearly 1/3 of all students in Tulsa Public Schools are Hispanic, and speak Spanish at home.
Schools struggling to accomodate Hispanic growth
By Michelle Linn
Tulsa, Okla. —
District leaders, like Laura Grisso, the Title 3 Director for TPS, tell FOX23 a lot of the growth is happening at schools like Skelly Elementary, in east Tulsa.
“Our Hispanic population, as of last year, is the largest racial and ethnic population across the district. So a lot of those families need that support in Spanish and we haven’t been able to find as much staff as we need. We’ve got a lot, but we need more,” said Grisso.
When we visited the TPS Enrollment Center on Monday, FOX23 found many parents there did not speak English.
TPS posts signs in Spanish, and offers interpreters and translators.
“It’s been critical, and we have even brought in, besides the staff we have, we’ve brought in local contractors to bring more support, because that’s where we’re seeing the largest number of enrollment is within our Spanish speaking and Hispanic populations,” said Grisso.
At the enrollment center Friday, we found three different families, where the mother did not speak English and brought an older child along to translate.
“A lot of times that teenager is missing school to be here, which is unacceptable. They’re missing a day of instruction, which we know is very important, and another day they could be spending in the classroom, learning those skills in English,” said Bradley Eddy, TPS Director of Certified Talent.
- See more at: http://www.fox23.com/news/news/local/schools-struggling-accomodate-hispanic-growth/ng7NB/#sthash.sdtDNEyY.dpuf
‘we’ve got a lot, but we need more’
a nice summary of the free sh1t army, of america’s lucky ducky future
what happens when they run out of english speaking taxpayers to pay for it?
you’re not allowed to ask that, because it’s racis
Rather, it’s the PERFECT summary of the .1% of Americans.
It’s a bad summary for America’s poor because they relatively don’t “got a lot” of anything except lack of opportunity, oppression, discrimination, worries, sadness and uncertainty. (But they do need more of life’s good things. (like food and cough medicine sometimes)
Nice threadjack attempt. This isn’t about the 0.1%er pigmen, it’s about the absolute failure that is multiculturalism. Cultural relativism is a progressive delusion.
The Anglosphere countries and Western Europe are the only nations subject to mass immigration from the third world, and none of them are better for it.
Wrong. It’s a lot about the 0.1% pigmen - USA’s over a century of multiculturalism success was destroyed by increasing gross wealth-inequality, the tribalism it promotes and the demonization it causes. (Free Sh!t Army my foot)
You goon, would not be so passively aggressively hostile towards blacks and minorities if opportunity, productivity and income had been shared more equally. Why? Because more equal wealth means more dissemination and blending of cultures and a lot less prejudice.
As you yourself have noted, the same things were said about desperately poor southern and central Europeans 100 years ago and about the Irish 60 - 70 years before that.
Wrong. It’s a lot about the 0.1% pigmen - USA’s over a century of multiculturalism success was destroyed by increasing gross wealth-inequality, the tribalism it promotes and the demonization it causes. (Free Sh!t Army my foot)
So why do you continue to promote this government apparatus that is basically enslaving the 99% to corporations through the income tax schemes? And even call for its growth? If people were free of the income tax, it wouldn’t matter if they bought a house or didn’t buy it.. worked for a corp to get healthcare or bought it through private contracts… the tax incentives would all be equal and there would be no benefit for saving through a 401k vs an IRA… Everyone would basically be “self-employed”. Why are you so into keeping people enslaved?
So why do you continue to promote this government apparatus that is basically enslaving the 99% to corporations through the income tax schemes?
Because although they are not doing it now, it is only the government that can redistribute wealth and opportunity BACK to the middle class.
How can you doubt it? It was only the government that did it before. Corporations and the rich will NEVER do it.
Why are you so into keeping people enslaved?
Read above. We weren’t enslaved to corporate masters in the past as much as we are now. Why? Because of government policies with greatly progressive taxes and public policy that invested much more of our productivity gains back into the people. Power to the people!
Reagan teaching us to hate our government was a disaster for 99% of Americans.
As a friend’s father used to say about the 1970’s proposed “redistribution” of wealth in the UK prior to Thatcher: “I must have missed the first distribution.”
If you were wondering about my point: Calls for wealth “redistribution” is not a follow-on because of Reagan’s policies–such things were happening in the world before Reagan.
As a friend’s father used to say about the 1970’s proposed “redistribution” of wealth in the UK prior to Thatcher: “I must have missed the first distribution.”
+1 Good one!
No pro limo. All the free shit offices accomadate loser languages.
Hispanic, and speak Spanish at home.
Spanish is easy (ish).
Portuguese is hard.
I wish Brazil spoke Spanish.
Here’s the crazy part. Brazilians can understand about 60-70% of Spanish but Spanish speakers can only understand about 10-20% of Portuguese. If that.
we are doomed and we are all going to die, happy monday
washington post editorial wets the bed on climate change, advocates taxing the middle class into poverty to further enrich the 0.1% who get a pass on their carbon footprint, but never once mentions that the problem is too many people
rush limbaugh was discussing the environmentalist ‘movement’ on his show last week, saying how it is a leftist political movement, that it is anti-humanity, that it believes that humans are an evil species
infinite growth is not possible in a finite ecosystem
thank you for not breeding, adopt a shelter pet instead
More libtard bedwettery linked from Google News
No, it doesn’t “pay for itself”, it is a wealth transfer from the middle class to the 0.1% and to the Free Sh*t Army
If nobody on earth breeds, the human race will soon die off.
And if nobody in the US breeds, the country will either soon turn into an aging, dying gerontocracy or be overrun by immigrants and their children, and maybe both.
Have a good day!
Article about broke @ss breeders:
Within a few decades, the only people in this country still breeding will be the Free Sh*t Army and the 1%
I’d say that by the end of the decade that the overwhelming majority of kids will be born to free shit army single moms, and most of those children will be sired by knuckle dragging, mouth breathing cavemen.
Idiocracy isn’t fiction, it’s a documentary.
nothing says ‘marriage material’ like neck and wrist tattoos
Neck tattoos are the worst. They make people look absolutely dreadful. I personally don’t have any tattoos and don’t understand the appeal, but I think it’s fine if people get them. Most of these young teen and twenty-something gals who are getting full sleeves and massive back tattoos are going to find themselves severely regretful come their thirties and forties. Tattoo removal is a huge and growing industry.
“Neck tattoos are the worst.”
There was a newspaper story about tattoos and the military earlier this year. Apparently after dropping the fatties (~70%) and those with maturity issues (~20%), the few good men remaining have visible tattoo issues.
“twenty-something gals who are getting full sleeves and massive back tattoos are going to find themselves severely regretful”
Note that current tattoo removal technology can not remove all colors of ink (pure black ink, of the homemade/jailhouse variety is actually the easiest to remove). Guys will sleep with these tatted-up tramps, but they won’t be taking them home to meet mom.
Guys will sleep with these tatted-up tramps, but they won’t be taking them home to meet mom.
Because nowadays, sometimes mom’s tattoos are worse.
There’s also a high rate of heavy drug use with the tatted up crowd, something I’m not a huge fan of. I don’t mind if a gal drinks socially, or even partakes in MJ on occasion (though I don’t like smoke of any kind), but hard drug users are dangerous people. The most heinous crimes in this country are typically committed by meth heads.
I’m not a fan of tattoos but I have to admit I saw a sexy one at Ipenema Beach yesterday - a beautiful Brazilian girl/woman in a bikini with a tattoo of a garter on her upper left thigh. Not bad. But I saw a lot of totally goof-ball tattoos too.
More libtard bedwettery advocating you become a granola sissy:
This article is almost 4 months old, but Business Insider has it linked on the front page. Veganism is for floppy-wristed sissyboys and socialists. Real American rugged individualists have ten pounds of undigested red meat in their colons
This is a fact. In the wild, chimpanzees hunt monkeys for monkey meat. They do it in packs with planning and strategy. Meat is evolution.
Real American rugged individualists have ten pounds of undigested red meat in their colons
I wonder where that factoid comes from. I’ve had a colonoscopy and before the procedure you have to drink this nasty cr@p that gives you the runs. I didn’t see anything undigested wind up in the bowl, and based on the pictures the doctor showed me later my colon was squeaky clean.
and based on the pictures the doctor showed me later my colon was squeaky clean.
I sure hope you posted those on facebook so your friends could ‘like’ them!
That almost seems to be a good enough of a reason to have a fakebook account.
The “10 pounds of meat” is just an urban legend, but makes for nice imagery as far as American exceptionalism is concerned.
But one I greatly love nonetheless…
“…you have to drink this nasty cr@p that gives you the runs.”
Sounds like “MoviPrep.”
climate change, advocates taxing the middle class into poverty to further enrich the 0.1%
If that were true, the Koch brothers and billionaires wouldn’t so opposed to it would they?
Enriching the Davos crowd 0.1%, the statist-globalist progressives.
“…but never once mentions that the problem is too many people…”
We need a MASSIVE die-off of humans, say 2/3 of all people. We have already grossly exceeded the earth’s carrying capacity. Perhaps there will be a complete and total die-off of human beings long before earth can no longer sustain life. It’s what human beings and the earth, both, deserve. Human beings have proven, time and again, that they are not worthy of what they’ve been given. There is a general rot which permeates every single pore of society no matter the country.
There is a general rot which permeates every single pore of society no matter the country.
Cheer up. It’s Monday!
What a wonderful world - LOUIS ARMSTRONG Live.
Some of the sci-fi dorks who post here think we can build a Save-The-World machine or that colonizing other planets is the solution. Ain’t gonna happen.
Climate change, drought, famine, resource wars, those are just the ways Sky Wizard is putting the smack down on the hairless apes who got uppity and tamed fire, learned agriculture, built cities, and invented Flappy Bird.
“Human beings are a disease, a cancer of this planet.”
the world will be swallowed by the sun so all planetary growth will revert to zero. Your point is pointless. You value your own experience over human life. You are egocentric and I continue to invite you to be the first to solve this “problem” you describe with your personal wealth of life. My guess is you find your own life too precious to subject to the policy you want.
Realtors are liars.
F L U N K I E
The truth about Realtors is something that enrages you.
California Housing Demand Collapses In 55 Of 58 Counties; Craters 12% YoY To 10 Year Lows As Inventory Balloons
seems like living in a tent would be a lot easier. but then no one would like me cause i’m not a homeowner.
La Mesa, CA Housing Prices Turn Negative At Peak Of Selling Season; Inventory Up 103% As Housing Demand Collapses Statewide
Kurdish Female Warriors On The Front Lines Fighting ISIS in Iraq and Syria
A notoriously fierce segment of the Kurdish security forces are striking terror into the hearts of ISIS terrorists - female fighters. The Jihadists have no problem slaughtering defenseless women but they don’t like facing armed female warriors in battle — because they don’t believe they’ll go to heaven if they’re killed by one of them.
Go get them gals!
“Kurdish Female Warriors On The Front Lines Fighting ISIS in Iraq and Syria”
+1 The alternative is sexual mutilation and slavery.
+ I wish them happy hunting.
wall street journal subscriber paywall article blurb:
mcdonald’s faces ‘millennial’ challenge
‘behind mcdonald’s corp’s worst slump in a decade is a trend that may augur even tougher times ahead: the golden arches is losing its luster with younger customers.’
Their prices have gotten absurd, that’s the real reason sales are down. they think they have pricing power cause they think there an icon.
You can come up with all the excuses in the world but pricing is whats wrong.
Remember when they went through that slump about 10 years ago? That’s when prices started going up fast.
Carls jr has a way better burger imo.
McDonalds is disgusting is what’s wrong. Their meat (if that’s indeed what it is) is so gross I can’t even eat it without gagging. Same with Burger King. And Carl’s Jr. has some nasty fake smoke flavor thing going on, surely a chemical bath. The only fast food burger I can even palate is Wendy’s, and I only eat that maybe once a year if I’m on the road late and need something quick. I admit I don’t eat a lot of beef in general, but those fast food burger joints leave a LOT to be desired. IN-N-OUT and Five Guys are better, though they’re hard to find, especially late.
well that too. they squeeze 10 burger patties out of a lb of beef.
Wendys is good but they dont have a lot where im at now. there are a lot of wendys in az around the east valley.
I think there mccafe offset some of the losses due to the terrible burgers. I’m not into 4-5 dollar coffee drinks.
Linked from Drudge, a fine example of the progressive belief system:
Progressive = Exterminate Whitey
Given that interest rates in 2008 or so reached levels last seen since 1933 and subsequently flat lined, is all the discussion of near term rate increases a giant head fake? My recollection is that rates stayed in the basement from roughly 1933-1948 before substantially increasing; a similar timing in the present episode would suggest no significant rate increases before 2023 (2008 + 15).
Is it different this time?
SundayReview | Editorial
Why Interest Rates Need to Stay Low
By THE EDITORIAL BOARD
AUG. 23, 2014
This story is included with an NYT Opinion subscription.
A sharp debate within the Federal Reserve over when to raise interest rates was publicly aired last week at the annual central bankers’ conference in Jackson Hole, Wyo. On one side is a small yet vocal minority of Fed officials who want to head off inflation by raising rates sooner rather than later. On the other is a majority that thinks a near-term rate hike would stifle growth and, with it, any chance of restoring health to the labor market. That group includes Janet Yellen, the Fed’s chairwoman, and most members of the Fed’s policy committee.
Well when the people stopped borrowing money the govt stepped up to the plate and took on more debt.
Wouldn’t it seem like the bankers would want rates to rise? when maturing debt comes up you can either pay it off or roll it over. If you dont have the money to pay you have to roll it over. what if interest rates are a lot higher when you roll it over?
Its like a credit card company. They offer you 0% until you take the bait. Then eventually it turns into 20% and the 0% offers disappear once they have u by the b@lls.
The govt can borrow more money if rates are low. I dont see these deficits disappearing overnight.
STAGED FOLEY BEHEADING USED AS POSTER CHILD FOR SYRIA ATTACK
Dubious footage hijacked as casus belli for military expansion
by PAUL JOSEPH WATSON | AUGUST 25, 2014
Despite being exposed as a probable fake, the James Foley beheading video is still being used as a poster child to reinvigorate support behind a military attack on Syria, almost exactly a year after a dubious chemical weapons attack was exploited for the same purpose.
As we reported earlier, top forensic experts have concluded that the alleged beheading was likely “staged” and that the footage in the clip does not show the execution of Foley. Infowars’ analysis of the footage last week came to a similar conclusion.
Although media reports have suggested that Foley was probably killed off camera, it makes little sense that ISIS, a group which has built its reputation on cruelty and barbarity, would refrain from showing the bloody execution. Indeed, the fact that they didn’t directly suggests that the video was produced and released by an entity other than ISIS.
The fact that the footage was immediately pounced upon as a casus belli for expanding U.S. military operations in the face of massive public and political opposition to America’s involvement in the region indicates that the release of the video only served to benefit interests aligned with the U.S. military-industrial complex.
Senior Republicans yesterday cited the video in urging President Obama to expand air strikes targeting ISIS militants from Iraq to Syria.
“We need to expand air strikes so you can ultimately defeat and eliminate Isis,” Texas Congressman Mike McCaul told ABC. “Don’t kid yourself for a second that they aren’t intent on hitting our homeland, I think the threat is very real.”
Senator Lindsey Graham, a longtime proponent of an attack on Syria, said that Obama should not consult with President Bashar Al-Assad before launching the assault.
“There’s no way you can solve the problem in Iraq without hitting them in Syria,” the South Carolina Republican said, adding, “The goal is to hit ISIL in Syria to deal with their command and control.”
Graham also said that the U.S. needed to bombard ISIS in Syria in order to “deal with the threat to the homeland.”
Yesterday, the London Observer reported that the U.S. was “set to launch air strikes” on senior ISIS leaders in Syria, with Washington officials asserting that the Foley beheading video provided a “new context” which justified military aggression in Syria.
Preparations for a military assault on Syria arrive roughly a year after another highly dubious incident was cited as a justification for similar action.
The August 2013 chemical weapons attack in Ghouta was almost immediately blamed on the Assad regime despite eyewitness reports that the incident was the work of US-backed rebels. A subsequent MIT study concluded that the attack could not have been launched from government-controlled areas of the country.
Facebook @ https://www.facebook.com/paul.j.watson.71
“deal with the threat to the homeland”
And so the narrative is scripted. Remember Fall/Winter 2002-2003? I do.
London hip-hop artist Abdel-Majed Abdel Bary key suspect in hunt for killer of American journalist James Foley
10 HOURS AGO AUGUST 25, 2014 1:57PM
THE beheading of American journalist, James Foley, at the hands of ISIS militants shocked the world but forensic experts have revealed the video was probably staged, with the murder happening off camera.
The UK Times reported that an international forensic science company, which has worked for police forces across Britain, said there is no question Foley was beheaded but that camera trickery and post-production techniques look to have been used.
“I think it has been staged,” said one expert in visual forensics, after he was commissioned by The UK Times to examine the footage.
“My feeling is that the execution may have happened after the camera was stopped.”
Aymenn al-Tamimi, a fellow at the Middle East Forum think-tank, said over the years ISIS militants have improved the production quality of their videos.
The analysis by experts has highlighted a number of inconsistencies that could suggest that the beheading of Foley, which was seen on the video, was not his actual death.
“The analysis by experts has highlighted a number of inconsistencies.”
Sorry, but any time I hear the term “experts” I’m automatically skeptical.
How to protect your retirement from the next big crash
Published: Aug 21, 2014 11:58 a.m. ET Time (EDT)
By Ken Moraif
Crowd of people gather outside the New York Stock Exchange following the Crash of 1929.
The market has been setting all-time highs — it’s up almost 200% since the lows of March 2009. Over three-quarters, 77%, of companies reporting earnings beat estimates. We can look forward to the market rise that historically occurs after midterm elections.
I think we’re on track to see 18,000 on the Dow Jones Industrial Average.
While the market seems to be on a positive track, retirees should be concerned by how similar current circumstances are to what happened during the Great Depression. These similarities could be a harbinger of danger to their retirement plans.
Aftershock correlations: Then and now
Looking back at history, we can see that before the stock market crash of 1929, real-estate values were going crazy. Banks were using money from their depositors to finance deals. The same sort of things that caused the 2008 credit crisis triggered the stock market crash of 1929.
We had a huge market drop both times. In 2008, the market dropped 57%. That’s a severe drop, until you consider that the market plunged 92% in 1929. And that, of course, was the beginning of the Great Depression.
When Franklin Delano Roosevelt became president in 1933, what did he do? He enacted government stimulus programs to help the economy and get us out of the depression. Fast forward to 2008. What did the government do to get us out of the great recession? Massive government stimulus. The U.S. borrowed $3 trillion dollars to pump into the economy. The Federal Reserve is keeping interest rates artificially low. We’re setting records in regard to government stimulus.
Back in 1933, FDR’s government stimulus plan seemed to work. Profits picked up and the economy rebounded. Over the next four years the market went up 200%. Does this sound familiar? Today, all of our current government spending, all the cheap money, all the free stuff that helped pull us out of the recession has driven the market up, yes, 200%.
But if you build a house of cards, it doesn’t take much to make it fall. Just a little breeze can make the whole thing come crashing down. That’s what happened in 1937. The market went into a tailspin. The government stimulus was just creating a facade and it crumbled: From 1937 through 1939, the stock market went down 42%.
A warning for today?
I find the correlations between the Great Depression and the Great Recession very concerning, and I think we’re setting up for the same sort of aftershock we saw back then.
If we have another recession like the one in 1937, I don’t believe the government will be able to get us out of it with another $3 trillion of stimulus. Where will they get the money from? We are already $17 trillion in debt after all.
most peoples retirement will be a ss check.
this bull could last as long as it takes to convince the sheep we are in a recovery and they hand the stock certificates off to them. Thats the way its feeling.
How about that stock market? Time to take money off the table?
over @ cnbc they are sayn we are 5 years into a 20 yr bull market, lfmao
anything goes trying to suck in the last millenial.
“over @ cnbc they are sayn we are 5 years into a 20 yr bull market”
Not surprising. I read a story that said 6 MSM players remain these days from over 350+ media companies roughly 30-yrs ago. I don’t recall if it was mergers or the Internet thinning the herd.
Doesnt it seem like they are wall street cheerleaders and to fleece the retail investor? who’s left to scr@w?
I also just heard CNBC talking about how “cheap” oil is now, at $93+ per barrel.
yeah these liars are getting real old. most of them dont have a clue about the value of a company. they just want you on the bandwagon.
Despite risk, most Californians don’t have earthquake insurance
By Gregory Wallace @gregorywallace August 24, 2014: 5:53 PM ET
well if a an earthquake is big enough to destroy your house you can certainly kiss your @ss goodbye, why worry about insurance? You can only worry about so much. Like some of you guys worry about china’s home prices. I’ve got to much to worry about as it is.
“well if a an earthquake is big enough to destroy your house you can certainly kiss your @ss goodbye, why worry about insurance?”
It doesn’t take much to destroy a structure. I visited an apt/retail building following the Loma Prieta earthquake where the top section of a brick chimney toppled-over. It went through the roof, down through two floors and finally stopped on the shattered concrete basement floor compressing the soil beneath another 18-inches. Heavy building materials are potential energy waiting to be released.
Well this explains a lot - the masters of the universe prefer a dumbed-down population that will be docile serfs for their incorporated global plantation. Forward, Free Sh!t Army! Comrade Pelosi’s DNC Supermajority awaits!
New home sales drop again, with inventory increasing. Oh my….
With tens of millions of excess, empty and defaulted houses out there, there is plenty of selection.
Rare MSM truth-telling: How globalism killed Ferguson (and middle America).
A corrupt kleptocrat who ruined his country’s once thriving economy and strong currency through cronyism, graft, racial scapegoating and money-printing goes hat in hand to the Chinese to beg for a bailout. America, meet your future.
Are the sheeple finally switching off corporate MSM propaganda outlets? CNN viewership seems to be tanking.
sad are they going to fire anderson? Do you realize ted turner is one of the largest landowners in the USA? Dude cant be hurtn that much.
Their viewship keeps tanking. Kind of like Pravda’s did in the final days of the Soviet empire when even the dullest peasant saw right through the lies they were expected to keep swallowing.
As of today, it is no more:
Tony Blair, who’s “sexed up” intelligence dossier helped drag Britain into the AIPAC/neo-con invasion of Iraq, has reaped tens of millions of dollars since leaving office by “advising” various unsavory oligarchs (redundant, I realize) on how to better “handle” their citizens and PR messes.
Blast from the past: Ron Paul in 2002 explaining his opposition to going to war in Iraq. To the sheeple who voted for Obama, McCain, and Romney instead of Dr. Paul, who couldn’t be bought by AIPAC and Wall Street: you must be so proud of how everything has turned out. Imbeciles.
Another socialist paradise that’s running out of other people’s money. They stiffed the vulture funds, who will no doubt see any losses made whole and then some by Yellen’s printing press.
‘owning’ housing is a myth and a lie. you will never recoup the opportunity cost of your money and more importantly your time by signing your life away in 360 easy payments
housing is always a loss
Saved $8.50 net, by ordering my personal checks (duplicates) online at Wal-Mart/”Money Center” section. I decided to cut out the Credit Union’s profit.
lol… You shamelessly admit you paid a 250% premium for a depreciating asset and then yammer about saving 8 bucks.
My posts still enrage you.
Thanks for sharing.
Ron Paul on Ferguson: The war comes home. Word to the sheep: this time, pay attention.
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