Bits Bucket for November 3, 2014
Post off-topic ideas, links, and Craigslist finds here.
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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Name:Ben Jones
Location:Northern Arizona, United States
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Region VIII
No bread sticks for you.
The Denver Donkeys tripped over their own hooves yesterday. Just like all the Debt Donkeys who made the error of buying a house in the last 15 years.
All the massholes were celebrating like boy precious won the Super Bowl. After they go through Denver in January, we’ll see how happy they really are.
Tom Brady is great.
Not sure where Brady would be without Belichick. Brady seems to execute well, but I can’t seem to respect him after the Roughing the Passer Nancy Boy Dance of 2011.
I love that dirty water…….. oh Boston you’re my home.
Maybe they were smoking that Denver mix and got stuck on a rocky mountain high!
8. Don’t overact.
It is very important to play your assigned role the best you can, but this does not mean you should overact. Overacting can be dangerous for yourself and the emergency workers in the exercise. When you arrive at the exercise site, you will be assigned an injury or role and will be briefed about your roles and what will happen during the exercise. If you do not know how to play your role or have questions about the briefing, ask the volunteer coordinators. If you are assigned the role of a psychologically distressed person, please act upset, not out of control.
9. If you get hurt or have a real problem, say “This is a real emergency.”
You must use the phrase “This is a real emergency” to tell exercise staff members that you have a real problem and are not just acting.
10. You must check in and sign out.
Comment by real journalists
2014-11-02 13:07:54
Patriots = Wastriots
And you know what I’ll be eating (50% off regular menu price) tomorrow
Diet time for you!!!
Are the Democrats Losing Their Future Supermajority???
Unfortunately for the cheerleaders who are responsible for maintaining Democrat morale, actual evidence suggest that Democrats are losing their hold on women, young voters, and Hispanics – three groups that are absolutely necessary for their electoral success long term. If these trends continue, it’s not the GOP that is in for long-term trouble.
http://www.realclearpolitics.com/2014/11/02/the_nyt_thinks_the_democrats_can_win_by_losing_344977.html
The GOP may sweep the mid-term elections, but their slavish adherence to Wall Street and the corporate state will quickly alienate voters as the real economy continues to languish and living-wage jobs disappear.
Voters are already as alienated as can be. Just check the approval rating of Congress. But that doesn’t stop them from sidling up to the voting booth each and every election, and mindlessly choosing the very same rot they supposedly abhor. People are smart.
And the Dems are different???
Both parties suck.
“Are the Democrats Losing Their Future Supermajority???”
NO! Because if the republicans get in, they’ll GIVE the dems their supermajority in the form of a republican “immigration reform” bill.
If anyone saw the Fox News clip with Mitty, he lays it all out.
Romney’s Revenge. He has now realized the the republicans used him as a place holder for JEB! So he’s gonna get behind that bill and anything else that he thinks will teach the Republicans a lesson for scuttling his campaign.
Gotta love the infighting.
What party gave us NAFTA? Anyone, anyone? Oh, sure, Bill Clinton signed it into law, but the Republicans put that pig together and promoted it. A real POS “bi-partisan legislation”.
What party was responsible for the repeal of Glass-Steagall? Right. Go to the head of the class!
Who laid the groundwork for ACA? Republican Romney, with his Romneycare template in Massachusetts.
Who gave the ACA the force of law? Bush Supreme Court appointee John Roberts. The dems couldn’t have done it without him.
Who signed the first shamnasty? The late, great St. Ronnie, Republican icon.
Oh, oh, and who laid the groundwork for the rise of China? Anyone? Anyone? Nixon!
Heh, the whole donkey elephant thing is such a sham. Like the AFL and NFL. And how did that eventually turn out? All we got is the NFL. And it sucks.
Lol, the whole US political scene is run on the NFL business model.
And the republicans are the party of globalism. Have been all along.
NeoCons = Progressives.
You’re one of the few that gets it. It’s just different methods of achieving the same end.
But I do feel the republican party is not what people think it is.
It’s owned by Karl Rove. He’s co-opted it.
palmetto,
You seem to be “excited” by the fact that the Republicans allowed portions of the big government problem.
In this I agree, the Republicans are a part of the problem, barely better than the Democrats.
In fact both sides suck, but one side sucks a little less.
Our choice is communism right away, or via slow drip…Not much of a choice.
#FundamentalTransformationOfAmerica
“You seem to be “excited” by the fact that the Republicans allowed portions of the big government problem.”
Nah, it’s my nasty side coming out, a certain vengeful, small-minded joy at watching them getting the same treatment they dish out. Hoping they get theirs for being the traitors they are, and for trusting Karl Rove instead of tossing him out of the tent.
Please forgive me for taking delight in the Romney-JEB! dynamic. I’m going to be watching this closely, just might turn out to be tremendously entertaining.
Romney’s tactics are very interesting right now. Just a couple of days before the election and he goes on Fox and starts talking about immigration reform, which got some of the party faithful going, wondering at his timing. Oh, they’re gonna do it, all right. They just didn’t want him mentioning it during the mid-terms. They’d like the R-sheep to think the party will protect them from the Obamnesty.
Take it easy, man, 2brony is going to kill himself if you keep it up.
Heh, the Republiscam party.
I’m no fan of the dems by any means, but it is my self-appointed duty to point out what is really going on. Just so people understand why certain things that don’t seem to make sense are unfolding the way they are.
The “consultants” run the party, period. And the consultants take their marching orders from Karl Rove, who has lowered his profile, but still have the iron fist and doesn’t even bother covering it with a velvet glove.
JEB! got my attention when he started making presidential grunts and groans and THEN the whole Romney thing fell into place. There’s a website I sometimes read that has chronicled many of the shenanigans of the Republican “consultant” class and the Byzantine way they work. I wasn’t sure why they mis-advised Romney during his run, I thought it was just political correctness run amok.
But when JEB!’s bowels began to stir, a lot of things began to make sense.
Thanks for paying attention. Not many of us out there.
When I look back on Romney’s campaign, I have to laugh, recalling how “imperial” he looked through the whole thing, right up until the end.
I’m sure he turned a blind eye to how other candidates were treated, knowing it was already decided that he would be the candidate. Didn’t bother him a wink that rules were changed at the last minute to exclude Paul, for example. He was above it all, let the grubby consultants take care of things for him.
And all the while oblivious to his pre-determined placeholder status. I understand he got the shock of his life on election eve. Yep, the consultants took care of him, all right. Bwa-ha-ha-ha-ha.
Romney, the corporate raider and crony capitalist extraordinaire, wasn’t scuttled by anyone but himself and his corporate-statist platform.
How do the Goldman Sachs candidate’s prospects look for a run at the presidency?
Are you referring to Ted Cruz? His wife is a Goldman director, I believe.
Bingo! It will be interesting to see how the GOP tries to avoid any discussion on this as the campaign heats up.
He could just make her Secretary of the Treasury. She apparently has all the necessary qualifications.
Or president of the Federal Reserve Bank of New York, for that matter…
Or president of the Federal Reserve Bank of New York, for that matter…
The more powerful position, really.
And also occupied by a Goldman Sachs director…
“He could just make her Secretary of the Treasury. She apparently has all the necessary qualifications.”
Has she paid homage at the Western Wall?
Ted Cruz is an AIPAC stooge and water-carrier for Wall Street masquerading as a “Tea Party Conservative.” Sorry, Ted, ain’t buying it.
Yeah, the fact he’s a repub has nothing to do with it.
Goldman Sachs candidate’s prospects
I thought all of the candidate’s were Goldman Sachs’ candidates…
In which case, Goldman Sachs’ prospects look excellent.
It’s a matter of degree. I’d say the degree is quite high when the primary wage earner in the household is a Goldman Sachs director.
when the primary wage earner in the household is a Goldman Sachs director.
A fair distinction; good point.
Most People Cannot Even Imagine That An Economic Collapse Is Coming
By Michael Snyder, on November 2nd, 2014
The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans.
theeconomiccollapseblog.com/…nnot-even-imagine-that-an-economic-collapse-is-coming - 161k -
Just print more money and have more QEs silly….
I can’t believe no other country in the history of world has not tried this!
And make sure you keep growing the free sh*t army…
Walmart at $6.9 B in public aid per year is the General of the free sh*t Army.
But you would never complain of all the corporate welfare that can be stopped.
I have driven through the south, there are people there who are not even qualified to sweep a sidewalk. What do you want to do with them? Jail is $50k per person per yr. Seems cheaper to give them $140 a mo in food stamps. But I am a fiscal conservative liberal.
A selected extract from the article presented for your perusal and for your enjoyment …
“In the United States today, our entire economic system is based on debt.
“Without debt, very little economic activity happens. We need mortgages to buy our homes, we need auto loans to buy our vehicles and we need our credit cards to do our shopping during the holiday season.
“So where does all of that debt come from?
“It comes from the banks.”
And there it is.
(Suckers.)
whats the debt backed by ?
Taxpayers- who need to borrow to service it.
Most People Cannot Even Imagine That An Economic Collapse Is Coming
By Michael Snyder, on November 2nd, 2014
“Right now, JPMorgan Chase has more than 67 trillion dollars in exposure to derivatives but it only has 2.5 trillion dollars in assets.
Right now, Citibank has nearly 60 trillion dollars in exposure to derivatives but it only has 1.9 trillion dollars in assets.
Right now, Goldman Sachs has more than 54 trillion dollars in exposure to derivatives but it has less than a trillion dollars in assets.
Right now, Bank of America has more than 54 trillion dollars in exposure to derivatives but it only has 2.2 trillion dollars in assets.
Right now, Morgan Stanley has more than 44 trillion dollars in exposure to derivatives but it has less than a trillion dollars in assets.
Most people have absolutely no idea how incredibly vulnerable our financial system really is.”
Isn’t Lawrence Summers a fan of derivatives?
“Derivatives.”
That’s where you look when you really want to find the rot in the system. Then when you peel back the curtain, you find all banks are equally vulnerable due to “netting.” One black swan event and the whole thing crumbles down in an instant.
Good thing the global central banking cartel has taken precautionary measures to ensure that further black swan events are unpossible.
Who would name their blog after a singular economic event? How short-sighted!
*snerk*
Samsung ‘Smart TV’ Records “Personal” Conversations & Sends Them to Third Parties
Company’s new privacy policy causes consternation
by Paul Joseph Watson | November 3, 2014
Samsung’s new global privacy policy for its line of Smart TVs states that a user’s personal conversations will be recorded by the device’s microphone and transmitted to third parties.
A 46-page privacy policy which is now included in all newly purchased Samsung Smart TVs states that voice recognition technology “may capture voice commands and associated texts” in order to “improve the features” of the system.
The policy, a summary of which is also posted online, ominously advises users to, “Please be aware that if your spoken words include personal or other sensitive information, that information will be among the data captured and transmitted to a third party through your use of Voice Recognition.”
There’s already multiple cameras and microphones in homes. Any smart phone. Computers. Tablets. Video game consoles. All already doing this. We have voluntarily surrendered privacy for distractions like Facebook and Twitter. Your best privacy is being just another piece of hay in the haystack that no one cares about. There also aren’t anywhere near enough pieces of hay employed to watch even all the other pieces that are up to no good, much less the regular pieces of hay doing nothing and going about their business.
Samsung ‘Smart TV’ Records “Personal” Conversations & Sends Them to Third Parties
More devices to tape over, aside from the camera.
Weather Channel Founder: Man-Made Global Warming is ‘Baloney’
“Science isn’t a vote, science is about facts”
by Patrick Goodenough | CNS News | November 3, 2014
On the same day that the U.N. Intergovernmental Panel on Climate Change issued a major new global warming report, John Coleman, a founder of the Weather Channel, appeared on CNN Sunday to reiterate his stance that “climate change is not happening.”
Describing himself as a “skeptic,” not a denier – “that is a word meant to put me down” – the veteran weather forecaster told CNN’s “Reliable Sources” that the news network was promoting an inaccurate view on the issue.
“CNN has taken a very strong position on global warming, that it is a consensus,” he said. “Well, there is no consensus in science. Science isn’t a vote, science is about facts.”
“And if you get down to the hard, cold facts, there’s no question about it: Climate change is not happening, there is no significant, man-made global warming now, there hasn’t been any in the past, and there’s no reason to expect any in the future. There’s a whole lot of baloney.”
U.N. climate report gives stark warning to world
“Climate change is happening, it’s almost entirely man’s fault, and limiting its impacts might require reducing greenhouse gas emissions to zero this century, the United Nations’ panel on climate science said Sunday.
“Science has spoken. There is no ambiguity in their message. Leaders must act. Time is not on our side,” said U.N. Secretary-General Ban Ki-moon.
http://www.denverpost.com/nationworld/ci_26852493/
BEHIND THE GREEN MASK
Because this is the closest that white trash will ever get to self-actualization at the top of the pyramid of Maslow’s hierarchy of needs
http://www.businessinsider.com/conservatives-purposely-making-cars-spew-black-smoke-2014-7
Belchin’ smoke, drivin’ yer pick up truck in the mud, and sportin’ yer “I Hate Obamacare” bumper sticker. It’s Red State Nirvana.
I live in the bluest of blue states and I would do all three of those things. I’d even add the confederate flag into the mix because it gives liberals fits of outrage.
Yep. LIEberals are thin skinned.
YEE HAW!
Dman
Isn’t that name offensive to the LGBTV community?
it sounds pretty cisgender supremacist to me
and for your reference of what cisgender means:
https://en.wikipedia.org/wiki/Cisgender
Let’s not forget sissygenderacity, the tendency of big talking, self proclaimed he-men conservatives to mock liberals for not supporting the Iraq war, but who never found the time to enlist so that American soldiers didn’t have to do nine tours of duty. This group would consist of 98% of conservative voters who were eligible to join the army. Support our troops! Yee Haw!
Behind the Green Mask - Agenda 21 - Rosa Koire
didn’t Thomas Dolby have something to say about this back in the day?
“Well, there is no consensus in science. Science isn’t a vote, science is about facts.”
Truer words have never been spoken. However, good luck with this approach in the current political climate!
“Science”
This is an article that was written by real journalists at the New York Times
http://www.nytimes.com/2014/10/31/us/why-republicans-keep-telling-everyone-theyre-not-scientists.html
Coleman has no credibility — he doesn’t have a degree in meteorology nor climatology. He’s just a dude who started a cable channel. He’s just taking advantage of the fact that some people assume that because he ran the Weather Channel he must be a weather expert.
No credibility? Where’d you get that from?
He was around years before the Weather Channel even existed. On ABC television in Chicago for many years.
That he disagrees with your religious fanaticism isn’t his problem.
No religion or fanaticism here. I’d join the anti-AGW crowd if there was a preponderance of objective evidence supporting their case. So far the evidence backs the human-warming side, quite convincingly in my view. When Coleman publishes a journal article in a respected science publication that refutes AGW, then I’ll support him. Until then he’s just another unqualified opinion.
real journalists approve this message
On ABC television in Chicago for many years.
So he was a TV weatherman?
Here is your Climate Change/Global Warming
A black box in your car? Some see a source of tax revenue
The devices would track every mile you drive —possibly including your location — and the government would use the data to draw up a tax bill.
October 26, 2013|By Evan Halper
WASHINGTON — As America’s road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car.
The devices, which track every mile a motorist drives and transmit that information to bureaucrats, are at the center of a controversial attempt in Washington and state planning offices to overhaul the outdated system for funding America’s major roads.
The usually dull arena of highway planning has suddenly spawned intense debate and colorful alliances. Libertarians have joined environmental groups in lobbying to allow government to use the little boxes to keep track of the miles you drive, and possibly where you drive them — then use the information to draw up a tax bill.
articles.latimes.com/2013/oct/26/nation/la-na-roads-black-boxes-20131027 - 49k -
This kind of tax has been discussed before…Makes some sense…Being taxed for how much you use the road vs how much gas you use particularly with the wide disparity in fuel economy in different vehicles…
High fuel economy vehicle = light weight = lesser road damage
Low fuel economy vehicle = heavier weight = more road damage
therefore the present tax is fine for the situation. Any other plan is a political football designed to increase taxing power and gain information on citizen activity and increase the nanny state.
High fuel economy vehicle = light weight = lesser road damage
Low fuel economy vehicle = heavier weight = more road damage
yes and whats so hard about this anyway ? Government just wants a double tax IMO.
A rational person would just tax tires. I think they want information, tracking information. Cell phone GPS data let them see how useful this is .
Or someone important has invested or will invest in companies that make black boxes for cars.
+1. If they only wanted to tax miles, they could simply record the odometer at the emissions test and send a bill.
A rational person would just tax tires
There is a federal excise tax on tires.
Rational person? Government doesn’t have the ability to be rational.
Government needs more money and more taxes are the way they go about “feeding the bull dog”.
There’s a federal excise tax on tires. I guess all of the rational government people are in Washington.
“A rational person would just tax tires”
A true politician would create a complicated tax structure, and hire minorities at risk to compute and collect it. More votes!
“Like it or not, the pros may have little choice but to chase stocks if they want to keep their jobs in 2015.”
http://finance.yahoo.com/news/historic-market-rebound-leaves-fund-managers-in-the-dust-124432993.html
Yeah? Well it’s not as if these fund managers are RISKING THEIR OWN MONEY!
Sometimes the best place for you money is CASH but if you are a fund manager (who charges a hefty fee) then cash will not do the trick for you because going to cash is something anyone can do on his own.
Soooooo … if you are a fund manager then you ARE FORCED to join the herd of lemmings because if you don’t then your clients will walk.
This is exactly what happened in 1999-2000. Everyone knew that the utter lack of dot-com fundamentals would sink the DOW and especially the NASDAQ. But if they “tried to get rich by selling too soon,” they were fired from their jobs because they didn’t wait until the tippy-top.
Makes me wonder if I should convert a few more stox to bondz.
People in the business might have realized but many ordinary people did not…can remember following the dot.con bubble on the web and being (correctly) convinced that the pop was inevitable and would be dramatic but few of my acquaintances and telecom coworkers shared that opinion. Very similar to housing bubble 1.0, thanks to this blog and a few others I knew what was coming in 2005 or so but very few people I knew believed there was a bubble and that the pop would take the entire economy down.
I thought rich folks were choosing hedge funds and poorer middle class were going with index funds to avoid the “pros” and their fees?
“window dressing” I think its called ? when pros buy up winners after the fact to try and prove they own the right stocks in their Q reports.
Nobody Mourns Death of QE as Treasuries Prove Insatiable
By Cordell Eddings, Liz Capo McCormick and Daniel Kruger Nov 3, 2014 5:00 AM MT
Even with the end of unprecedented bond purchases from the Federal Reserve, demand for U.S. Treasuries looks as strong as ever.
Investors submitted bids for $5.54 trillion of government debt at auctions this year, or 3 times the amount sold, data compiled by Bloomberg show. The bid-to-cover ratio is higher than the 2.87 last year, when the Fed purchased more Treasuries than at any time since the central bank began quantitative easing in 2008, and has been exceeded only twice on record.
While the Fed has been the biggest source of demand since the financial crisis, the willingness of foreign central banks, insurers and pensions to pick up the slack as it wound down its third and most aggressive round of stimulus suggests there’s plenty of buyers to keep U.S. borrowing costs low. Yields on the 10-year note, the benchmark for trillions of dollars of debt securities, have fallen about 0.7 percentage point to 2.33 percent since the Fed started tapering in January.
“There may not be enough Treasuries to go around,” William O’Donnell, the head U.S. government bond strategist at RBS Securities Inc., one of the 22 primary dealers obligated to bid at Treasury auctions, said in a Oct. 27 telephone interview from Stamford, Connecticut. “We watched the Fed slow its purchases and yet rates are still falling.”
http://www.bloomberg.com/news/2014-11-03/bond-market-demand-for-treasuries-means-nobody-mourns-end-of-qe.html
We suck, but everyone else sucks even more.
We have the most fingers in the leper colony.
Article for 2brony about the Texas economy, since he gets paid to post here by the Texas Chamber of Commerce
http://www.businessinsider.com/facts-about-the-texas-economy-2014-11
Exception from the positive stats about Texas notes that 17.4% of its residents (4.6 million people) live in poverty
“You work three jobs? How uniquely American” — George W. Bush
Excerpt form Huffington Post article:
“..More than 45 million people, or 14.5 percent of all Americans, lived below the poverty line last year, the Census Bureau reported on Tuesday. The percentage of Americans in poverty fell from 15 percent in 2012, the biggest such decline since the year 2000…”
Just keeping Texas data in perspective.
So much for Johnson’s Great Society.
#FundamentalTransformationOfAmerica
“So much for Johnson’s Great Society.”
Sat through a food bank’s donation spiel earlier today. Someone else noticed that in the slide show everyone receiving food was obese, and everyone handing it out was white (guilt?) and had a much leaner waistline.
Guess where they came from?
“Guess where they came from?”
Scandinavia?
This is an article written by real journalists at the New York Times
http://www.nytimes.com/2014/10/31/upshot/why-the-us-has-fallen-behind-in-internet-speed-and-affordability.html
In summary, the Internet in the United States sucks compared to other countries
What people are sold in the US and what they actually get are two different things. It used to be called fraud, but now it’s just “good business.” Welcome to the United States of Corporate Greed.
This article was not written by real journalists
http://www.infowars.com/stein-obama-most-racist-president-in-history/
Ben Stein is not a real journalist
If you want to read the truth about President Obama, read the New York Times
Ben Stein is probably pissed Obama ignores Israel.
+1
“Ben Stein is probably pissed Obama ignores Israel.”
Obama is tired of “talking the two-state solution” while Israeli construction projects in the West Bank are being built at breakneck speed.
“The Republicans are the ones who passed all the civil rights laws back in the 60s, not the Democrats,” he added.
That’s simply not true. I don’t if this guy was ever sensible, but at this point he’s just a ranting clown.
‘he’s just a ranting clown’
mikeymite, i explicitly stated that he is not a real journalist
and how is that list of acceptable websites you’re compiling coming along?
It was a list of websites to ignore that I was talking about. As I mentioned previously, there are too many to make a complete list.
MM, yes he’s right.
Who’s right about what?
What is he right about?
Bulletin U.S. stock indexes in measured retreat from record heights
Currencies
Dollar close to taking out 2007 highs against Japanese yen
Published: Nov 3, 2014 9:43 a.m. ET
By Barbara Kollmeyer
Markets reporter
MADRID (MarketWatch) — The U.S. dollar shot even higher against the Japanese yen on Monday, skirting levels not seen since 2007, in the wake of last week’s strong data out of the U.S. and a big stimulus package out of Japan.
In addition, an official gauge of China factory activity released over the weekend, showed activity fell to a five-month low in October, suggesting more help may be needed for the world’s biggest economy.
The dollar also traded near that 7-year yen high on Friday after unexpected stimulus from Japan. On Monday, the dollar (USDJPY, +0.97%) surged 1.4% to ¥113.76 from ¥112.33 late Friday. Late Thursday, ahead of the BOJ, the currency traded at ¥109.22.
Strategists are watching to see if the dollar takes out a major resistance level — ¥114.02 hit in late December 2007.
…
If I was Darcie Big Bear or Samuel Wounded Knee I would let you call any team anything you want.
But in the land of million dollar fender benders I would want Buffet/Gates $ for everyone of my relatives and rent from everyone else.
Dakota descendants sue landowners and other Indians to reclaim part of southern Minnesota
By Jesse Marx Fri., May 23 2014 at 7:00 AM
40 Comments
Categories: Congress
Descendants of Dakota Indians are suing southern Minnesota property owners to set up a new reservation on land that was once promised by the federal government. A class-action lawsuit filed Tuesday seeks to evict the current inhabitants of 12 square miles northwest of New Ulm and asks for monetary damages based on 150 years of what’s being labeled as trespassing.
The argument stems from an 1863 act of Congress that set aside 7,680 acres for the band of Mdewakantons who had either stayed out of the U.S.-Dakota War or protected settlers.
blogs.citypages.com/blotter/2014/05/dakota_descendants_sue_land_minnesota.php - 227k -
In Minnesota, thousands of Native Americans protest Redskins name
By John Woodrow Cox November 2 at 9:55 AM
MINNEAPOLIS — Thousands of Native Americans carrying signs, banging drums and chanting “Who are we? Not your mascot!” converged on the University of Minnesota’s TCF Bank Stadium on Sunday in one of the largest protests in years against the name of the Washington Redskins.
Native Americans, students and other activists staged two large, noisy but peaceful marches to the stadium, where the Redskins were playing the Minnesota Vikings. At the stadium, they were joined by hundreds of other protesters.
Minneapolis police estimated the crowd at 3,500 to 4,000. Organizers put the number at 5,000.
There were moments of tension as the protesters traded insults with Redskins fans heading into the stadium.
“We don’t want to be your mascots,” said Samuel Wounded Knee, a Crow Creek Sioux, who confronted one fan after another and carried a “Wake Up Snyder” sign. “My kids don’t want to be your mascots. Our culture is not for your fun and games.”
The demonstrators were surrounded by banners that read “Change the Name Now” and “Stop Racism in the NFL.” One woman brandished a sign: “My Hubby Did Not Fight in Iraq To Be Called A ‘Redskin.’ ”
Darcie Big Bear, 34, an Ojibwe from Mille Lacs, Minn., had driven two hours to be among the throng. She was wearing a T-shirt that simply read, “RENAME.”
She and other protesters consider the Redskins moniker deeply offensive, while team owner Daniel Snyder argues that it honors Native Americans and has vowed never to change it.
Big Bear called the name “derogatory toward our people” and said the resistance to changing it is “ignorance, pure ignorance. They don’t take the time to see how it affects our people.”
Preparations for the rally were underway for months, with organizers trying to ensure that the crowd would be the largest-ever to protest the name.
http://www.washingtonpost.com/…/11/02/fc38b8d0-6299-11e4-836c-83bc4f26eb67_story.html - Similar pages
The URL string of your second link is broken
Fortunately, it links to the home page of the Washington Post website
The real journalists at the Washington Post are as equally acceptable as the real journalists at the New York Times
Dakota descendants sue landowners and other Indians to reclaim part of southern Minnesota
By Jesse Marx Fri., May 23 2014
In Minnesota, thousands of Native Americans protest Redskins’ name
By John Woodrow Cox November 2 2014
One of the schools around here calls themselves the “Scotts”. Should I be outraged?
Are you considering getting outraged by the misspelling?
No. Reduced to policing typos today?
There could actually be coms dopey school who called themselves Scotts. But are there any Scottish people who don’t like being call Scots?
No, they object to being called Scotch.
It is sad that a once proud tribe of people line the streets to cry and whine about how they are referenced. I am pretty sure they long referred to the Europeans by their skin tone, and I know personally that they still do. Life is full of irony.
I am considering protesting outside of a Notre Dame football game.
20 Other ‘Allegedly Offensive’ Team Names That The Left Isn’t Complaining About
By Justen Charters (5 months ago)
10. Notre Dame, Fighting Irish: “Oh, so all Irish people are known for is starting bar fights before every game? Discrimination!”
http://www.ijreview.com/…/ - 126k -
An ethnically-based shakedown, pure and simple.
This is an article written by real journalists at CBS News
http://www.cbsnews.com/news/ebola-in-the-u-s-how-bad-can-it-get/
The article states that the worst case scenario for Ebola in the United States is a maximum of 130 cases by the end of this year
Are you preparing for a student bailout? The Democrats are going to pull a rabbit out of the hat in 2016 and E Warren, the Democrat Presidential nominee will campaign hard for student loan bailouts to recapture the youth vote.
And guess who will bail them out? You and I.
You have two years to prepare for that.
You build up cash, sell your highest gaining stocks, buy silver bullion and other precious metals and keep stacking. Buy other forms of movable and hidable durables that you can use for trading.
The big taxes are on their way.
If students do get their loans forgiven that would be very BULLISH for real estate… lots of pent up demand out there with young professionals who can’t qualify for loans due to high student loan debt…
I don’t think you have to worry about that.
True. It will be a winning issue. The NAR would support a student loan bailout. All people who had student loans still to pay off. Mostly young people. A win for E Warren. A loss for us.
“A loss for us” — maybe, maybe not. In a demand-starved economy suffering from too much supply-side for too long, it’s possible that young professionals with suddenly more disposable income to spend will boost the GDP more than the cost of bailing out the loans.
How exactly does boosting the “GDP” make any of us better off?
Good morning, Bill
Below are the top search results for the following words:
“youtube obama gas mortgage”
http://www.youtube.com/watch?v=P36×8rTb3jI
“youtube obama detroit money”
http://www.youtube.com/watch?v=YfGLB8LO1aM
“youtube obama phone lady”
http://www.youtube.com/watch?v=tpAOwJvTOio
This is the Permanent Democrat Supermajority
And there’s a lot more of them than there are of you
Happy Monday
You can count on bribes for votes by the D party. The R party is trying to bribe the Hispanics with immigration reform.
+1 Either way it’ll cost you and I.
Someone said yesterday it would be a risky strategy to have my kids max out their student debt. I don’t look at it that way — rather it’s a hedge. If the student debt jubilee happens, they will benefit; if not, we’ll work out some other way to pay off the debt.
I bet they enjoy putting it all on RED at the roulette table too.
I’m a proponent of means testing- their PARENTS. How does that sound?
I don’t agree with the student debt jubilee proposal, but I can see how it could gain traction in the current political climate, and I don’t plan to get caught on the short end of it if it happens.
“Someone said yesterday it would be a risky strategy to have my kids max out their student debt. I don’t look at it that way — rather it’s a hedge. If the student debt jubilee happens, they will benefit; if not, we’ll work out some other way to pay off the debt.”
Heck, might as well double-down and go Ivy League!
At most only one of my kids has a shot at Ivy League admission. If he gets in, he would only attend if offered enough financial aid to make it feasible for us.
This is an article about one of my favorite topics: Food
http://www.businessinsider.com/whats-wrong-with-the-modern-diet-charts-2014-10
Article notes that Americans’ average daily calorie intake has increased 20% since 1970
Got Cheetos?
no
we went out for chinese today so i’ll have leftovers to eat tonight to make up for the pizza denied me by the incalculable loss on the concussionball field yesterday
see also tumblr link below
So for everyone whose calorie intake hasn’t increased, someone’s calorie intake has increased by 40%.
That’s amazing! Gee, by looking around, I never would have thought.
Eyebleach warning:
http://ineedfatacceptance.tumblr.com/
And that’s your personal bevy beasts?
If you like your diabetes, heart disease and hypertension you can keep your diabetes, heart disease and hypertension.
And what better way to keep your hypertension than to be underwater on a 30 year mortgage debt obligation that you couldn’t afford in the first place!
+1 Rockstar
I mentioned the other day that the US went from a private mortgage finance model before the Great Depression, to a hybrid public-private model after the Depression, to a pure public model after the 2008 financial crisis.
You know who else has a public mortgage finance model? China.
The great hole of China
Its debt will not drag down the world economy, but it risks zombifying the country’s financial system
Oct 18th 2014
The Economist
OF THE many things that are worrying investors around the world, from tumbling oil prices to the spectre of recession and deflation in Europe, one of the most important, and least understood, is China’s debt.
Reasonable, but wrong. China has a big debt problem. But it is unlikely to cause a sudden crisis or blow up the world economy. That is because China, unlike most other countries, controls its banks and has the means to bail them out. Instead, the biggest risk is complacency: that China’s officials do too little to clean up the financial system, weighing down its economy for years with zombie firms and unpayable loans.
Beijing’s officials vow they will not repeat Japan’s malaise. To do that they must hold their nerve and let firms fail: a culture of bankruptcy should replace the lifelines and “evergreening” of useless loans. As long as investors think the state will cover their losses, they will plough money into dodgy schemes—and the problem will grow. Not only will that be a huge waste of money; even mighty China cannot cover losses for ever.
http://www.economist.com/news/leaders/21625785-its-debt-will-not-drag-down-world-economy-it-risks-zombifying-countrys-financial
It is going to be the biggest implosion ever. It will not be possible to paper over the crater that will be left.
“…tumbling oil prices…”
What could be better for car-owning Americans than tumbling oil prices? Methinks the bankster clan worries too much about developments which are actually beneficial.
My college degree is worthless
By Blake Ellis @blakeellis3 November 2, 2014: 5:42 PM ET
NEW YORK (CNNMoney)
Students across the country are shelling out tens of thousands of dollars for degrees that end up being completely worthless.
Rosalyn Harris, an unemployed single mother who had never gone to college, thought getting a degree would be the ticket to a new life. So at age 23, she enrolled in a two-year criminal justice program at for-profit Everest College in Chesapeake, Va.
But the wealth of job opportunities the school had touted never transpired, and all she ended up with was more than $22,000 in student loan debt. She said classes were terrible, she didn’t receive any of the training she needed, and as a result, she spent months after graduation searching for criminal justice jobs without ever getting a call back.
Desperate to start paying some of her bills, Harris eventually applied for any entry-level job she could find. A full year after she graduated, she finally found a minimum wage job stocking shelves at Victoria’s Secret.
Related: Debt leads college students to consider dropping out
“My sole purpose of going to school was bettering my life for me and my son,” she said. “But now I wish I had never gone.”
Everest is a member of for-profit behemoth Corinthian Colleges, which has been accused by federal agencies of operating a predatory lending scheme, preying on low-income students and falsely inflating job placement numbers. Corinithian is currently closing and selling its schools, leaving thousands of graduates on the hook for loans they took out.
money.cnn.com/2014/11/02/pf/college/for-profit-college-degree/ - 42k -
My college degree is worthless
By Blake Ellis @blakeellis3 November 2, 2014
Not one word about the Internet and on-line coursework. Yeah, these bearded, Saab driving, Dem voting, closet progressives care about one thing: stealing your M-O-N-E-Y.
I guess I should feel fortunate, I tracked down the second illegal immigrant for a hit and run on my vehicles and the police came when I called them. They said there was nothing they could do when they got there but they did come.
Seattle Police allow car break-ins to become a Seattle growth industry
“They won’t come even if you track down the thieves yourself”
by Danny Westneat | Seattle Times | November 3, 2014
What I learned last weekend: If your car gets broken into, there’s probably no point in calling the police because they won’t do anything.
This turns out to be true even if you direct police to the thieves’ van, with the perpetrators sitting in it holding your stolen stuff in plain view. The police will tell you to forget it, and call your insurance instead.
Last weekend I was at my son’s soccer game at Woodland Park in Seattle. It was pouring, so we foolishly left a purse in the car. Someone smashed the driver’s side window and snatched the purse.
Because nobody saw the crime, the police told us just to file a report online.
AbeQE is providing oil and gold prices with a spectacular pounding. Where does it end?
I really don’t think Japan drinking its own urine is what is hammering oil and gold. More likely the faucet has been turned off in China. House of cards.
Just sit back. Everything has doubled and tripled in a few years when it would have been going down if not for Asian credit expansion. It will revert, then our own mess will revert. Buckle up.
Your optimism in the face of unprecedented government intervention in macro-economies the world over is quite impressive!
Thank you. I will continue to be an optimistic voice.
Buckle up.
I’ve been buckled up for a while, actually. I’m planning to gradually diversify into risk assets from now until the next round of bailouts.
Don’t look now, but deflationary psychology has hit gold prices.
The Wall Street Journal
Cooling China gold demand helps dim metal’s outlook
Published: Nov 3, 2014 10:14 p.m. ET
By Biman Mukherji
AFP/Getty Images
HONG KONG — Cooling Chinese demand for gold has added to an increasingly gloomy global outlook for the precious metal, which slumped to a fresh four-year low on Monday.
Gold prices in Shanghai normally carry a premium to global prices, but that reversed to a rare discount Monday. The premium, which is attributable to capital controls, was $2 to $3 an ounce to London prices about a week ago.
The tepid demand is especially unusual, as the premium typically rises this time of year as Chinese traders stock up on gold ahead of the Lunar New Year holiday, which is due in February. Lunar New Year is the peak gold-buying season in China. But the price move in Shanghai shows even Chinese buyers aren’t yet stepping in to buy at cheaper prices, betting that they may have further to fall.
“The way the market is going right now, [traders] will definitely wait,” said Wallace Ng, head of precious metals trading at Gerald Metals in Shanghai.
Premiums on the international price of gold in India, the world’s second-largest buyer, have also fallen by about a quarter to $12 an ounce since the end of October.
…
Nymex oil closes below $79 a barrel
Published: Nov 3, 2014 3:25 p.m. ET
WTI oil closes below $79 for the first time since 2012
Oil under pressure Monday, with markets wary of another price cut from Saudi Arabia this week.
By William Watts
Reporter Eric Yep
NEW YORK (MarketWatch) — Futures on West Texas Intermediate oil, the U.S. benchmark, closed below $79 a barrel for the first time since June 2012. Oil prices remain under pressure from a stronger U.S. dollar and fears Saudi Arabia could announce another price cut.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in December (CLZ4, -0.58%) dropped $1.76, or 2.2%, to close at $78.78 a barrel, the lowest finish for a nearby futures contract since June 28, 2012.
December Brent crude (LCOZ4, -0.54%) on London’s ICE Futures exchange fell $1.58 to $84.28 a barrel. Brent crude is widely seen as the global oil benchmark.
Oil extended an early decline after the Institute for Supply Management’s U.S. October manufacturing index rose higher than expected to a reading of 59% from 56.6% a month earlier. Economists surveyed by MarketWatch had forecast a reading of 56.5%.
The reading fueled gains by the U.S. dollar, with the ICE dollar index (DXY, -0.19%) a measure of the currency against a basket of six major rivals, up 0.5% at 87.315. The dollar soared versus the Japanese yen (USDJPY, -0.38%) temporarily topping ¥114 to trade at its highest level since 2007. The move higher occurred after the Bank of Japan, on Friday, surprised markets by further expanding its bond-buying program.
A stronger dollar is seen as a negative for commodities priced in the currency because it makes them more expensive to users of other currencies.
…
Should be an interesting end to a year-long crash for bitcoin investors: Only off peak value by 2/3 so far, with still further to fall.
Economy
Bitcoin Prices Fall for Fourth Straight Month
JERIN-MATHEW
By Jerin Mathew
November 1, 2014 07:35 GMT
Bitcoin prices declined for the fourth straight month in October, as investors’ concerns about the digital currency continue to grow amid a number of adverse incidents.
During October, the bitcoin value declined by 12.8%, closing at 336.8 as on 31 October, according to the Coin Desk Bitcoin price index. The popular digital currency is trading down 1.72% at $331.02 as at 6:26 am GMT.
Bitcoin declined 19.2% in September, 17.8% in August and 9.1% in July, after rising 2.6% in June.
Bitcoin was launched in 2008 and is traded within a global network of computers. Virtual currencies are not backed by any country or central bank and can be transferred without going through banks or clearing houses, and without the associated fees.
…
http://www.fema.gov/regional-operations
Opting out of voting in the Republicrat Duopoly’s kabuki theater.
http://www.zerohedge.com/news/2014-11-03/election-2014-–-why-i-opt-out-voting
“Both Democrats and Republicans support militarism, taxation, spying on us, inflation, redistribution of wealth, Keynesian economics and corporatism once they get in office.”
+1 Sad, but true.
There are other parties and you are still free to vote for them or write in somebody. The don’t-votes are don’t-cares. If 20% voted for Mickey Mouse, there would be a revolution without violence.
Here we are voting on a $2billion bond for smart-boards. I will vote.
Tune in to the HBB tomorrow for some stunning price declines in areas that you’re not expecting.
See you bright and early!
This may not have occurred to all of our readers here, so I feel compelled to point it out: The same dollar strength in the face of AbeQE that is currently hammering gold and oil is quite likely to kill off foreign buyer demand for U.S. housing, as our houses just became a lot more expensive in their currencies.
Look for this impact on U.S. housing prices to show up in backward-looking S&P/Case-Shiller index numbers by next spring.
The same dollar strength in the face of AbeQE that is currently hammering gold and oil is quite likely to kill off foreign buyer demand for U.S. housing, as our houses just became a lot more expensive in their currencies.
Actually in theory, any asset of constant value that is priced in dollars should see a price decline in dollars; as the dollar increases in value, fewer dollars are required to buy any asset than were required before the increase.
“Actually in theory, any asset of constant value that is priced in dollars should see a price
decline in dollarsincrease in non-dollar currency terms;…”including U.S. residential housing which the foreign all-cash buyers have reportedly been snapping up by the dozens.
“…as the dollar increases in value,
fewer dollars aremore units of the relatively weaker non-dollar currency are required to buy any asset than were required before the increase.”Which is why the rising own-currency cost to foreign investors of making all-cash U.S. real estate purchases threatens to price them out forever.
My son just took a HS economics quiz on the role of the Fed in the economy. I helped him answer the questions, and the ones I helped him with he got 100% wrong.
Case in point: If the inflation rate is 10% and unemployment is high, what should be the Fed’s policy response?
My answer: Do nothing.
Correct answer: Raise interest rates (ouch!).
I’m really curious now whose answers I completely disagreed with…
Volcker’s?
The thought that perhaps Volcker supplied the answers to the quiz did cross my mind upon hearing the answer to that question, but others were far more bizarre.
For instance, one question asked what the Fed should do in case a severe storm hit the Eastern Seaboard; I again answered “nothing” but apparently the quiz writer thought the Fed’s job would be to flood the area with printing press money (not put in quite those terms, but the “correct” answer was something to that effect). Isn’t local disaster relief FEMA’s (or other fiscal authority’s) job? I thought the Fed mandate was national price stability and high employment, not local disaster relief — but then what do I know?
Still another question I missed, by stating the Fed’s most important role in the economy is to conduct open market operations, was supposed to be answered “to instill economic confidence.” I can’t recall that being a part of the Fed’s dual mandate (but then I also never came across the part about propping up housing prices).
If high school economics teachers are teaching our kids complete nonsense, small wonder most adults are clueless on economic matters.
I love the smell of oil market derivatives blowing up in the morning. The NYMEX December 2014 contract is now down to $77.61/bbl and dropping like a heavy stone tossed into the ocean.