The Housing Bubble

How low can bond yields go?

Football Factory State University

Big Anti-Immigration Rally in Germany Prompts Counterdemonstrations

“A public clash about immigration and integration in Germany heated up on Monday as opposing marches took shape — one denouncing the perceived threat posed by Islam, the other a public vigil for an open and tolerant society.

The mass demonstration in Paris on Sunday attracted more than a million people and was largely free of politics and recriminations. But in recent weeks Germany has seen weekly marches in Dresden that have raised questions that have become increasingly polarizing and politicized: about whether Germany will ever live up to its open-arms ideals and accept a growing number of refugees, as well as those descendants of immigrants who have been here for generations.

To drown out the anti-immigration voices, pro-immigration groups and other activists have organized counterdemonstrations calling for tolerance and diversity. More than 30,000 people turned out in Leipzig in opposition to a call for that city’s first anti-Islam march, which attracted several hundred supporters, said Matthias Hasberg, a city spokesman.

About 35,000 counterdemonstrators convened in Dresden over the weekend, and on Monday they sought to block the route there of the anti-immigration marchers, supporters of the movement known as Pegida, a German acronym for Patriotic Europeans Against Islamization of the West. In the southern city of Munich, some 20,000 people sought to block a Pegida rally there.”

http://www.nytimes.com/2015/01/13/world/europe/big-anti-immigration-rally-in-germany-prompts-counterdemonstrations.html

Wasn’t there some kinda disagreement about Sky Wizard in Germany 75 years ago?

Fear on Rise, Jews in France Weigh an Exit

“French Jews, already feeling under siege by anti-Semitism, say the trauma of the terrorist attacks last week has left them scared, angry, unsure of their future in France and increasingly willing to consider conflict-torn Israel as a safer refuge.

“It is a war here,” said Jacqueline Cohen, owner of an art store on Rue des Rosiers in a Jewish neighborhood lined with falafel and Judaica shops where many businesses were closed Monday morning. “After what happened, we feel safer in the center of Tel Aviv than we do here in the heart of Paris.”

“In Israel, there is an Iron Dome to protect us,” she added, referring to Israel’s antimissile defense system. “Here we feel vulnerable and exposed. We are afraid to send our children to school.”

http://www.nytimes.com/2015/01/13/world/europe/fear-on-rise-jews-in-france-weigh-an-exit.html

Can I has Rapture plz?

Article for Dannyboy

“In China, polluted skies aren’t the limit – at least for skyscrapers.

The world built a record 97 buildings that were 200 meters (656 feet) or taller in 2014, and for the seventh year in a row, the Middle Kingdom completed the greatest number of them, according to a new report (pdf) from the U.S.-based Council on Tall Buildings and Urban Habitat.

China’s output of 58 skyscrapers was a 61% increase from its previous record of 36 buildings in 2013, according to the report. Tianjin, the eastern sister city of Beijing, completed the most 200-meter-plus skyscrapers, totaling six. That’s more than all such skyscrapers built in the Philippines, the world’s No. 2 builder behind China with five.

Within China, there was a four-way tie for second place between Chongqing, Wuhan and Wuxi, all with four buildings each.

If you were to stack all of China’s new skyscrapers on top of each other, they would reach 13,548 meters (44,449 feet) into the sky — close to the upper altitude limit for most commercial airliners.”

http://blogs.wsj.com/chinarealtime/2015/01/13/in-a-record-year-for-skyscrapers-china-is-miles-above-everyone-else/?mod=WSJ_hpp_sections_business

Check out all that nasty air pollution in the pic of Shanghai

Scripting a narrative

This is the top link on the Drudge Report right now

Weekly Standard - CENTCOM’s Twitter Hacked By ISIS?

http://www.weeklystandard.com/blogs/centcoms-twitter-hacked-isis_823501.html

I commented on phony scandals posting of a Weekly Standard link yesterday, let’s dig a little deeper into the background of its founder and editor William Kristol, here from wikipedia:

“After the Republican sweep of both houses of Congress in 1994, Kristol established, along with conservative John Podhoretz, the conservative newsmagazine The Weekly Standard. Rupert Murdoch, Chairman and Managing Director of News Corp., financed the creation; Kristol is its current editor.

Kristol was a leading proponent of the Iraq War. In 1998, he joined other foreign policy analysts in sending a letter to President Clinton urging a stronger posture against Iraq. Kristol argued that Saddam Hussein posed a grave threat to the United States and its allies: “The only acceptable strategy is one that eliminates the possibility that Iraq will be able to use or threaten to use weapons of mass destruction. In the near term, this means a willingness to undertake military action as diplomacy is clearly failing. In the long term, it means removing Saddam Hussein and his regime from power. That now needs to become the aim of American foreign policy.”

In the 2000 Presidential election, Kristol supported John McCain. Answering a question from a PBS reporter about the Republican primaries, he said, “No. I had nothing against Governor Bush. I was inclined to prefer McCain. The reason I was inclined to prefer McCain was his leadership on foreign policy.”

As the military situation in Iraq began to deteriorate in 2004, Kristol argued for an increase in the number of U.S. troops in Iraq. In 2004, he wrote an op-ed strongly criticizing Secretary of Defense Donald Rumsfeld, saying he “breezily dodged responsibility” for planning mistakes made in the Iraq War, including insufficient troop levels.

He was a vocal supporter of the 2006 Lebanon War, stating that the war is “our war too,” referring to the United States.

Kristol was an ardent promoter of Sarah Palin, advocating for her selection as the running mate of John McCain in the 2008 U.S. Presidential Election months before McCain chose her.

In response to Iran’s nuclear program, Kristol supports strong sanctions. In June 2006, at the height of the Lebanon War, he suggested, “We might consider countering this act of Iranian aggression with a military strike against Iranian nuclear facilities. Why wait?”

In March 2011, he wrote an editorial in the Weekly Standard arguing that the United States’ military interventions in Muslim countries (including the Gulf War, the Kosovo War, the War in Afghanistan, and the Iraq War) should not be classified as “invasions”, but rather as “liberations.”

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

So every time you see a Weekly Standard link (likely some low-hanging fruit harvested from the Drudge Report) posted on HBB, think about all of the above. As an American taxpayer, do you really want to pay for another trillion dollar war?

Scripting a narrative

“The wave of terror that left 17 people dead in and around Paris has ushered in a new sense of insecurity across Europe — but also what could be a defining moment for the anti-immigrant, anti-Islam forces of the far right.

Nationalist and populist movements are surging across the region, most notably in France, where the National Front — a party once linked to former Nazi collaborators — has become the nation’s third-largest political force. Yet now it appears that the far right sees an opening in the new atmosphere of angst that could help bolster its long-standing critiques of Islam and calls for tighter security and immigration caps.

The terrorist violence is also fueling fears of a backlash against Muslims, particularly among France’s community of 5 million, the largest in Europe. Muslim leaders say the days after last week’s shootings have produced 54 “anti-Muslim attacks” – an unprecedented number that includes the beating of a Muslim boy after a moment of silence for last week’s victims as well as multiple arson attacks on mosques.”

http://www.washingtonpost.com/world/europe/far-right-in-europe-sees-opportunity-after-wave-of-terror-in-france/2015/01/12/94cb5fdc-99e3-11e4-86a3-1b56f64925f6_story.html

And remember the globalists’ narrative, kidz

Drone strikes on wedding parties (and on the funeral of those killed at the wedding parties) are A-OK peachy fine

But opposition to non-assimilating muslim immigrants is not acceptable

What exactly is the goal of the globalists in promoting diversity and multicultutalism?

Scripting a narrative

“the owner of the Fox News Channel incited an outpouring of ridicule for suggesting that all followers of Islam must take responsibility for the Paris attacks. Then the Fox pundit who is a self-described terrorism expert caused a second wave of stunned disbelief, asserting that some parts of Europe — including Britain’s city of Birmingham — have become so Islamic they are off limits to non-Muslims.

By the time the weekend was over, Rupert Murdoch, the chief executive of 21st Century Fox, the owner of Fox News, and the channel’s pundit, Steven Emerson, had retreated. Mr. Emerson went further, issuing an apology to the people of Birmingham, where residents had posted hundreds of jokes via Twitter about his false claims.

Using the hashtag #foxnewsfacts, Twitter users poked fun at the network by suggesting other things it might also have said: that the name of the city had been shortened to Birming because Muslims do not eat ham; that the nearby town of Alcester “used to be known simply as Cester until all the Muslims conquered Birmingham”; that photos of Queen Elizabeth II and Margaret Thatcher in scarves meant they were observing Muslim law; that the checkered cloth coverings of jam jars showed that even homemade preserves “have to wear hijab.”

http://www.nytimes.com/2015/01/13/world/europe/twitter-users-react-with-glee-to-fox-news-claim-on-birmingham.html

Article for 2brony

“Illinois’s new Republican governor is walking into a big mess. The state’s pension system is a disaster, and while legislators have tried to alter the system to make it more affordable, their plan is currently wending its way through the courts and may well be overturned. There’s also a backlog of other bills, and the state is paying a premium on its debt because of its fiscal issues. The Land of Lincoln, says Reuters, is “buckling under a chronic structural budget deficit and the lowest credit ratings and worst-funded pension system among the 50 states.”

It’s not literally true that Illinois is insolvent; the state could enact a whacking great tax hike to cover the shortfalls. Its biggest city, Chicago, is far enough from a state line that it could probably get away with higher taxes.

http://www.bloombergview.com/articles/2015-01-12/land-of-lincoln-scrounges-for-pennies

“You work three jobs? How uniquely American” — George W. Bush

“The bigger wage gains that have so far eluded American workers probably will begin to materialize this year as the job market tightens, according to economists polled by Bloomberg.

Hourly earnings for employees on company payrolls will advance 2 percent to 3 percent on average, according to 61 of 69 economists surveyed Jan. 5-7. They climbed 1.7 percent in the year through December.

While still short of the 3 percent to 4 percent increases Federal Reserve Chair Janet Yellen has said she considers “normal” with 2 percent inflation, it would be another sign that the labor market is making headway. A jobless rate that’s quickly approaching the range policy makers say is consistent with full employment will mean employers will need to pay up to attract and keep talent.”

http://www.bloomberg.com/news/2015-01-13/wage-balloon-seen-floating-up-toward-yellen-s-view-of-normal.html

Scripting a narrative

“Romney, who made a fortune in the financial sector and was cast by Democrats in 2012 as a heartless businessman, wants to make tackling poverty — a key issue for his 2012 vice-presidential running mate, Rep. Paul Ryan — one of the three pillars of his campaign. The former Massachusetts governor also says he’ll have a different communications staff and hopes to show voters a version of himself they didn’t get to see last time.

Romney and his top aides have often attributed the loss to events out of their control. Within two weeks of the loss, Romney bluntly told a large number of donors on a conference call that Obama unfairly put his thumb on the scale with policy “gifts” to key constituencies, “especially the African-American community, the Hispanic community and young people.”

http://www.politico.com/story/2015/01/mitt-romney-2016-114199.html

Got MS-13?

“Sen. Jeff Sessions (R-Ala.) is trying to win the messaging war on immigration.

The conservative Republican and chief critic of President Barack Obama’s executive actions on immigration is sending around a detailed and lengthy memo that encourages fellow GOP lawmakers to block the unilateral moves, even arguing that Congress’ response to what he calls “this emergency” will “define its legacy.”

“Congress has the power to stop this action by denying funds for its implementation,” Sessions writes in the memo sent to GOP congressional offices this week. “Surely, Congress must not allow the president a single dime to carry out an illegal order that Congress has rejected and which supplants the laws Congress has passed.”

http://www.politico.com/story/2015/01/jeff-sessions-not-a-single-dime-for-obamas-immigration-moves-114208.html?hp=l3_3

34 million more Free Sh*t Army coming soon…

Rev. Al Sharpton - Beware of Using Extremists to Settle Old Political Agendas

“Following the horrific attacks in Paris, France, the world was quick to condemn the tragedy and unite as one human family. This cowardly act against freedom of speech and freedom of expression is reprehensible to all sane people, but sadly, some have used it to exacerbate their already biased views. There is nothing that even hints that the vicious incidents in France are endorsed or embraced by most Muslims in the world. In fact, a police officer who was stationed outside the offices of Charlie Hebdo when he was gunned down was himself a Muslim. The murderous madmen who took his life and the lives of the other innocent souls are nothing but that — madmen.

But those who have become peddlers of Islamophobia use this catastrophe to try and justify their odious views already held against Muslims. They use other people’s pain and suffering to justify their own bigotry and bias. It is the same sort of twisted logic that some apply when incidents of police brutality and excessive force take place. Instead of addressing the root of the problem, they would rather attack those that raise awareness about the issues at hand. They use the terrible actions of a few bad apples to justify their own blatant bias against advocates for reform. Thankfully, people can spot their hustle from a mile away.

http://www.huffingtonpost.com/rev-al-sharpton/beware-of-using-extremist_b_6457422.html

Spot their hustle?

I spotted Al’s hustle decades ago but my liberal betters tell me it’s racist to call him out on it

#TawanaBrawley
#CrownHeights
#4.5MillionUnpaidTaxes

The future’s so bright, I gotta wear shades

MarketWatch - Data likely to show job openings near a multi-year high

“On the heels of last week’s “amazing” jobs report, data to be released Tuesday should confirm that job opportunities for U.S. workers are improving.

Economists expect to see strong November results in the government’s monthly snapshot of labor-market churn, a report that Federal Reserve Chairwoman Janet Yellen analyzes to help understand employment trends.

The U.S. Labor Department will release the job-openings report at 10 a.m. Eastern.”

No word on how many of those jobs created are in Texas and pay $12 an hour for 25 hours a week with no benefits

“I know how hard it is for you to put food on your family” — George W. Bush

Wall Street Journal - Silk Road Case Shines Light on Shadowy Online World

“Ross Ulbricht, the alleged mastermind behind the online drug marketplace known as Silk Road, will head to Manhattan federal court on Tuesday to face seven criminal charges, in a key test of law enforcement’s ability to crack down on the shadowy world of Internet crime.

Federal prosecutors will try to prove that the 30-year-old was the owner and operator of Silk Road, an online bazaar that they have described as a sprawling $1.2 billion criminal enterprise. The website allowed hundreds of thousands of users world-wide to buy illicit drugs and goods ranging from heroin to fake driver’s licenses, according to the criminal charges. It was shut down in 2013 by government officials.

The charges against Mr. Ulbricht include drug trafficking, computer hacking and money-laundering conspiracies, and carry a maximum sentence of life in prison. Mr. Ulbricht has pleaded not guilty and has said he wasn’t the founder of Silk Road. He has been in custody in Brooklyn, N.Y., for over a year.

The trial will test the government’s ability to target cybercriminals using advanced technologies with laws that were initially written to target other types of crime, like drug dealing on the streets. Officials say Silk Road kept its activities anonymous by accepting payments only in bitcoin, an electronic currency whose movement can be tough for police to track, and by operating on the Tor network, a system designed to hide users’ Web traffic.”

http://www.wsj.com/articles/silk-road-case-shines-light-on-shadowy-online-world-1421083232?mod=WSJ_hp_EditorsPicks

34 million coming soon to your neighborhood

“The raging killings, kidnappings and extortion that had long dominated Michoacan, where drug gangs for years controlled police departments and city halls in many parts of the state, seemed to decline. Several top leaders of the principal cartel, the Knights Templar, were captured.

But violence erupted again late last year. Criminal gangs, including one offshoot of the Knights Templar calling itself the Viagras, re-infiltrated Michoacan cities, and factious rivalry among the vigilante groups also triggered clashes.

For Peña Nieto, pacifying Michoacan and Castillo’s role as federal commissioner are tests of whether the government’s most highly touted security policy can work.

Castillo on Dec. 23 dispatched more federal troops to the western part of Michoacan around the city of Apatzingan, a particularly restive agricultural region that sits on the edge of territory known as Tierra Caliente, or Hot Land.”

http://www.latimes.com/world/mexico-americas/la-fg-mexico-vigilantes-20150113-story.html

Scripting a narrative

AP: Islam Fundamentally a Religion of Peace, ‘Brazen’ Critics Probably Racist

“AP writer Lee Keath published an article on Monday dealing with the “debate among Muslims over interpreting faith” — without mentioning that thousands of deaths are meted out every year in the name of Islam across the globe. Keath instead describes those who question the link between Islam and jihadist violence as “increasingly brazen.” Rather than focusing on the “brazenness” of the murderers in Islam’s name, the author instead points towards those who dare critique the Religion of Peace.”

http://www.breitbart.com/national-security/2015/01/12/ap-islam-fundamentally-a-religion-of-peace-brazen-critics-probably-racist/

Fifty years of feminism and this is what you get (eyebleach warning if you decide to click the link)

“HBO’s Lena Dunham spoke with Ryan Seacrest Sunday evening during a red carpet interview at the Golden Globes, where she disclosed she has deleted the Twitter app from her phone to “create a safer space” for her emotional state.

“People threaten my life and tell me what a cow I am, so I check it occasionally, but it’s not the same co-dependence with Twitter I once shared,” she explained, via People.

“There’s a lot of people I love on Twitter, but unfortunately you can’t read those without deranged neo-cons telling you you should be buried under a pile of rocks,” she added.

To continue her crusade to protect herself against taking criticism on social media, the actress posed for a semi-nude photograph before the Golden Globes, which was posted to executive producer Jennifer Konner’s Instagram page.

http://www.breitbart.com/big-hollywood/2015/01/12/lena-dunham-deranged-neo-cons-make-twitter-unsafe-emotional-space/

http://finance.yahoo.com/news/china-2014-trade-surplus-45-9-2-35-023745822.html

If you like your clowncar commute, you can keep your clowncar commute

“The plummeting pump prices — now pegged by AAA at $2.13 per gallon on average, compared with $3.31 a year ago — have had an “immediate impact on consumer psyche,” according to Edmunds.com senior analyst Jessica Caldwell. According to the car-shopping site, SUVs and pickups outsold cars in 2014 for the first time in a decade.

“People want to buy these cars, and low gas prices give them the justification they need to do so,” Caldwell said.

http://www.denverpost.com/business/ci_27307735/cheap-gas-shifts-car-buyers-habits-automakers-power

I’m not buying new wheels but I am driving 500+ miles this weekend to ski at Wolf Creek, one day lift ticket costs more than the gas to get there, LOLZ

How many of the 34 million will Nancy adopt and bring home with her?

“The Republicans’ proposal to block President Obama’s lenient new deportation policy threatens to shutter the Homeland Security Department at a time of heightened terrorist risks, House Minority Leader Nancy Pelosi (D-Calif.) warned Monday.

“It is clear Republicans’ partisan recklessness knows no limits,” Pelosi said in a statement. “House Republicans are threatening a partial government shutdown, choosing a time of rising terrorism to imperil the security of our entire country to satisfy the most radical anti-immigration fringes of their party.”

http://thehill.com/homenews/house/229218-pelosi-dhs-bill-threatens-security-amid-rising-terrorism

This doesn’t adhere to the narrative of the Obama recovery

Much Of America Still Hasn’t Recovered From The Recession

http://www.businessinsider.com/only-2-percent-of-counties-have-fully-recovered-2015-1

Article notes that unemployment has not recovered in 95 percent of county economies to pre-recession levels

“This sucker could go down” — George W. Bush

It’s about time LEOs were held accountable for unjustified shootings.

http://news.yahoo.com/albuquerque-police-officers-face-murder-charges-death-homeless-235455063.html

Russian ruble sinking like a stone, again. Will a Russian default be the start of the next systemic financial crisis?

http://www.marketwatch.com/investing/Currency/USDRUB?countrycode=US

Score one for the badge lickers of Airstrip One

“In the aftermath of the Charlie Hebdo shootings in Paris, David Cameron has announced plans to introduce significant new surveillance powers in the UK, the Independent is reporting. The British Prime Minister also signalled he intends to crack down on encrypted communications the government can’t crack — suggesting a slew of popular communications platforms could be outlawed in Britain.”

http://www.businessinsider.com/david-cameron-encryption-apple-pgp-2015-1

if you’re a Marxist/Feminist Social Justice Warrior™ the truth doesn’t matter

“A police investigation into the University of Virginia chapter of Phi Kappa Psi has “not revealed any substantive basis to confirm” gang-rape allegations raised in a controversial Rolling Stone feature on the school last November, the university announced Monday”

http://www.businessinsider.com/police-investigation-clears-uva-phi-psi-fraternity-2015-1

Because the Obama recovery is one big fat lie

“the United States may have added only about one new manufacturing job in the last few years for every five that were lost during the financial crisis and the recession that followed.”

http://www.businessinsider.com/new-report-says-us-manufacturing-renaissance-doesnt-exist-2015-1

Thank President Clinton and the Republican Congress that passed NAFTA too

Building sh*t is for the olds, we can all just tweet our way to prosperity now

Region VIII news

Article discusses poors who work in Aspen but can’t afford to live in Aspen

If those poors want to live in Aspen, maybe they should get a fourth job, loosers

http://finance.yahoo.com/news/resort-towns-working-class-squeezed-142809570.html

Real journalists checking out

Happy Tuesday

‘Syria’s state news agency cited a “media source” Monday denying allegations that Syrian President Bashar Assad is building a secret underground plant to develop nuclear weapons, referring to a report by Germany newsmagazine Der Spiegel.’

‘The Der Spiegel report, published Saturday, cited information from unnamed intelligence sources indicating that the site is storing about 8,000 nuclear fuel rods in a mountain region two kilometers from the Lebanese border, near the town of Qusayr and reportedly within observation range of Israeli overflights.’

‘North Korean and Iranian experts are thought to be involved in the project, codenamed Zamzam, and Hezbollah is guarding it, the report said. But nuclear weapons experts have expressed doubts about the report, since the site, which is visible on Google Earth, is not all that secret, the Christian Science Monitor said Sunday.’

‘David Albright, president of Washington-based Institute for Science and International Security, which has conducted detailed satellite imagery analyses of suspected nuclear sites in the Middle East, told the Christian Science Monitor the Der Spiegel story was “perplexing,” adding that the institute doesn’t “see anything that is distinctively nuclear.”

Zamzam?

Should there be a double standard regarding the acceptability of religious mockery and blasphemy in our society since Islam reacts to it with violence and Christianity does not?

“Christmas is over. Now get out.”

RETAIL EARTHQUAKE: All these big-name stores closing
Macy’s, JCPenney, others laying off hundreds of thousands of employees

Published: 14 hours ago

WASHINGTON –

That was the word this week as two of the nation’s giant retailers announced to employees and shoppers the closings of dozens of stores.

Macy’s is closing 14 of its 790 stores across the country.

JCPenney is closing 39 of its stores and laying off 2,250 workers.

And that’s just the beginning of the retail earthquake hitting America, say analysts.

Read more at http://www.wnd.com/2015/01/retail-earthquake-all-these-big-name-stores-closing/#2lkJozriTmzYQslc.99

The FBI Says It Doesn’t Need a Warrant to Track Your Cell Phone in Public

by CJ Ciaramella | Vice | January 12, 2015

The FBI claims that it doesn’t need a warrant to use so-called Stingray cell-phone tracking technology in public spaces, according to two US Senators raising privacy concerns over use of the devices.

Stingrays and similar devices intercept data by emulating a cell phone tower, say privacy groups. With the briefcase-size technology, police can identify and locate cell phone users in a general area or search for a specific person while also vacuuming up metadata from phones.

The FBI recently settled on a new policy surrounding the use of Stingrays and similar technology that requires agents to obtain a warrant before using the technology in a criminal investigation. However, the policy includes such broad exceptions that privacy advocates worry they do practically nothing to protect citizens’ Fourth Amendment rights.

The new policy was first revealed by former Senate Judiciary Committee Chairman Patrick Leahy and the then ranking Republican on the committee, Chuck Grassley—who has since become chairman—in a letter to the Justice Department and Department of Homeland Security released at the end of December.

What Not Even the King of England Could Do

A federal researcher points out George III couldn’t suspend laws — as many say Obama just did.

By Joel Gehrke
January 13, 2015 12:00 AM

Not even the King of England at the time of the American Revolution had the authority to suspend laws unilaterally, the Law Library expert wrote in a memorandum to the Senate committee tasked with responding to President Obama’s recent executive orders on the enforcement of immigration law.

One hundred years before the American Revolution, another British king had “attempted to suspend a number of laws,” contributing to the onset of the Glorious Revolution in England, a senior foreign-law specialist at the Law Library writes in the memo to the Senate Judiciary Committee. “King George III,” the specialist goes on to remind the committee, “was thus unable to enact or repeal any laws unilaterally without the involvement of Parliament.”

http://www.nationalreview.com/…/396261/what-not-even-king-england-could-do-joel-gehrke - 96k -

Wow, anyone see this yet? Having second thoughts about your home loan? Did the lender fail to comply with the law? You have a three year window to rescind, and you don’t even have to file a lawsuit.

“The federal lending law gives a borrower three days to back out of a loan. After that, if the lender fails to comply with all the terms of the law, the right to rescind expires three years after the date of the loan. The lower courts said the couple failed to sue within the three-year period. But the Supreme Court ruled that the law requires consumers only to make written notice that they intend to rescind. It does not require filing a lawsuit.”

http://www.nbcnews.com/news/us-news/supreme-court-gives-boost-homeowners-second-thoughts-n285216

Unanimous ruling.

FYI its not love

On July 16, 2014, Chimicles & Tikellis filed a class action lawsuit on behalf of Subaru owners and lessees with vehicles prone to engine oil consumption. The complaint alleges that certain Subaru models may contain defective piston rings in the engine causing excessive oil consumption. This design defect may be denied warranty coverage by the manufacturer and result in some owners having to pay for costly repairs to the engine. Subaru may even relay to customers that the excessive oil consumption is considered normal. The below Subaru models are subjects of the class action:

The False Housing Recovery of 2013/14 will Continue in 2015

By smaulgld Fri, 9 Jan 2015, 4:18pm

Giving out mortgages to home buyers with just 3% down, lowering the FHA mortgage insurance and keeping interest rates low may boost home sales in 2015 even as job and wage growth stagnate.

Lowering the bar for home ownership to generate more home sales, however, is no substitute for real economic growth.

https://smaulgld.com/false-housing-recovery-2014/

You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.

Abraham Lincoln, (attributed)

16th president of US (1809 - 1865)

Crude cratering is the tip of the iceberg mt friends.

When will the Federal Reserve raise interest rates? UE is already way below their initial target. I think it will be soon.

phony scandals