Bits Bucket for March 16, 2015
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
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Time to make the donuts
Does your shop make pot laced donuts too?
It’s a reference to the old Dunkin Donuts commercials
You eat the donuts AFTER toking.
Time to make the Donuts - YouTube
http://www.youtube.com/watch?v=petqFm94osQ - 382k -
Chinese stock market at highest level in over five years:
http://www.chinadaily.com.cn/business/2015-03/16/content_19825137.htm
Good time to sell?
…. and on the precipice of collapse.
ALWAYS sell HIGH.
What if you’re out of the chronic?
Sad marketers. They make packaging the same size but fill it less. So I stop buying it. Gas prices go up and I ride my bike. Cable bill goes up and I pull the plug. Cell bill goes up and I go NetZero/Paygo.
Crazy marketers. It’s a lose lose proposition in a deflationary choice filled world.
And here’s who’s buying all those Chinese stocks.
http://www.zerohedge.com/news/2015-03-16/chinas-economy-grinds-crawl-meet-relentless-mystery-buyer-chinese-stocks
http://news.yahoo.com/saudi-prince-says-iran-deal-risks-nuclear-proliferation-061326107.html
Moar stimulus to prop up the Ponzi.
http://www.marketwatch.com/story/us-stocks-chinese-stimulus-soaring-european-stocks-send-futures-higher-2015-03-16?link=MW_latest_news
Oil Price Plunges, Reaching Its Lowest Value In The Past 6 Years
By Sandy Morton on March 16, 2015
Pumpjacks taken out of production temporarily stand idle at a Hess site while new wells are fracked near Williston
The U.S oil price plunges, reaching its lowest value in the past 6 years. Meanwhile, the dollar is maintaining an elevated price, its highest in the last 12 years, while the euro is still at a low point.
On Monday, March 16, oil prices fell with almost 3 percent, reaching a six-year low while oil storage space is getting scarce worldwide. The price for U.S. crude oil fell to $43.57 in early tradings, the lowest value since March 2009, but at around 0335 GMT it managed to gain some power, reaching $44.34. This is still half a dollar less since its most recent settlement. Brent set its selling price at $54.32 a barrel, seeing a 35 cents decrease.
…
Link:
http://www.trinitynewsdaily.com/oil-price-plunges-reaching-its-lowest-value-in-the-past-6-years/1267/
5 reasons oil may plunge 10% this week
Published: Mar 16, 2015 1:37 p.m. ET
Supply data, Fed, contract expiration to shake up oil market
By Myra P. Saefong
Markets/commodities reporter
SAN FRANCISCO (MarketWatch) — Prices for West Texas Intermediate crude oil this week could see a settlement below $40 a barrel for the first time since February of 2009.
“Don’t be surprised to see a wash out as we get closer to [the April crude contract] going off the board” Friday, said Tariq Zahir, a managing member at Tyche Capital Advisors.
A drop below $40 this week is “definitely in the cards if everything plays out right,” he said. Such a fall would translate into a roughly 10% drop in crude-oil futures prices trading on the New York Mercantile Exchange, after a similar percentage slide last week.
Prices for a most-active contract traded on the New York Mercantile Exchange haven’t settled below $40 a barrel since late February of 2009, according to FactSet. The front-month April crude contract (CLJ5, -2.14%) tapped an intraday low under $43 on Monday.
Here are five of the reasons Zahir believes sub-$40 oil prices are possible as early as this week:
…
Get ready for the next bailout: $1.2 trillion in student loans.
http://www.mybudget360.com/bankruptcy-student-loans-debt-next-bailout-student-loans-college-debt/
Setting aside the moral, ethical and emotional arguments against forgiving student debt: doing so would be rocket fuel for the economy and real estate. Relieve young professionals of $300, $400, $500 per month of student loan payments and they’ll be out buying homes, cars, etc…
According to the WSJ, the young professionals need to declare BK in order to get that forgiveness, so they won’t be buying homes and cars right away.
I don’t think it’s that bad of a deal if the debtors have to declare BK, and if only tuition is forgiven. With BK, they still must prove hardship in court (hello lawyer fees), and if only tuition is forgiven, they are still on the hook for room and board.
Why not let working graduates earn part or full loan forgiveness in exchange for public service or pro bono work? Donate X hours at the homeless shelter, repairing run-down schools, tutoring kids, etc. in exchange for Y dollars forgiven…
Nope. I want my money back. And I’m going to get every last penny.
‘ loan forgiveness in exchange for public service ‘
Some law school loans have those terms, IIRC it was something like work in the public interest sector for a year, get xx% forgiven.
I think Liberace welched on his debt by working in a soup kitchen for 90 days.
Lol, because the market for labor at “soup kitchenns, tutoring, and construction/rehab, etc doesn’t even come close to the dollar value these kids ran up in school loans. No one told them to spend that much. No one forced them to attend Party U instead of Community college. No one forced them to major in Lesbian studies with a minor in philosophy, only to realize they had no marketable skills.
But hey, liberals love to stick it to the tax payers so why not spend $100,000 on debt forgiveness for labor you can purchase in the “free market” for $25/hour
“doesn’t even come close to the dollar value these kids ran up in school loans.”
Precisely.
Not at current asking prices of resale housing.
Remember….. resale housing is priced 300% higher than long term trend and 2x construction cost(lot, labor, material and profit).
I’d only agree to such an arrangement if there was a clawback clause to the colleges that overcharged. Why should I subsidize Johnny’s degree in German Polka History and a semester of climbing wall classes?!?!?!?!?
Exactly. Why should these gouging colleges be allowed to keep their disgusting, predatory fees?
Can you really put a price on indoctrination? The “professors” are doing gods work.
#FundamentalTransformationOfAmerica
Feel free to donate to their bloated “fees” I’m sure they’ll gladly take your money. Overpaying for college was/is not my problem. Thus NOT bankrupt”able”. Caveat emptor.
You’re already subsidizing such things if your local community colleges or state universities offer such courses.
That’s something you see at private schools. And I didn’t agree to subsidize that. Which is WHY it’s a private school problem.
Sure, WPA, and people like me who are now saddled - yet again - with paying other people’s bills will be tightening our belts even further.
Denial won’t stop the oil price decline.
Denial won’t stop the oil price decline.
No, but falling U.S. production will. The WSJ talks about 1.55 million barrels a day less by June. That is why Brent is in the mid 50s and not mid 40s like it was about a month ago. And it is Brent that sets the price of gasoline. Don’t believe me? Just drive to the nearest gas station and check out the prices.
Oil price recovery not backed by fundamentals: OPEC
By AFP | 16 Mar, 2015, 07.29PM IST
Crude prices rallied about 20 percent in February, ending a losing streak lasting about eight months in which prices collapsed by 60 percent.
But the Organisation of the Petroleum Exporting Countries (OPEC) warned that prices picked up even though there was still an oversupply of almost one million barrels a day on the market.
“ICE Brent and Nymex WTI crude oil futures defied fundamentals and moved up sharply, posting their first gains since June 2014 after seven months of a declining streak that ended with values down by almost 60 percent,” said the cartel in its report.
This is “despite the fact that global supply continued to exceed demand,” OPEC said, as it left its supply forecast unchanged at 92.4 million barrels a day for 2015.
OPEC’s assessment came after the International Energy Agency issued a similar reading on Friday.
The IEA’s warning that the rebound in oil prices is built on flimsy foundations sent crude prices sliding.
Oil prices extended their losses on Monday, with the US benchmark West Texas Intermediate for April delivery dipping as low as $43.57 a barrel before recovering slightly to stand at $44.44, while Brent North Sea crude for April fell 79 cents to $53.38 a barrel in midday London trade.
…
43.38 right now, lower and lower.
Another day, another 3%+ drop in oil prices, and denial will do nothing to stop it.
Don’t believe me? Just drive to the nearest gas station and check out the prices.” Gasoline price at the pump in CA is more than just falling crude prices in CA.
SAN DIEGO — As 2014 comes to an end, so may the downward trend of gas prices. A new gas tax is about to take effect at the start of the New Year and it could add a significant amount at the pump.
“California has second highest gasoline tax in the nation now, before this new tax kicks in,” said Richard Rider of San Diego Tax Fighters. “We’ll be No. 1 easily when new tax kicks in.”
Beginning Jan. 1, what some call a ‘hidden tax’ will take effect. The new tax could increase the price per gallon by 75 cents, some estimate.
“We’ve got what amounts to taxes in the form of cap and trade and this applies to industries and now it’s going to apply to cars,” Rider said.
The tax comes courtesy of the California Air Resource Board to help cut down greenhouse gas emissions. It’s part of the billion-dollar cap and trade program in which companies buy carbon allowances that they then sell on an open market.
Gas prices are lower and falling even with an additional rip-off tax of 75 cents.
This is all good. Falling prices. Found money. Beautiful.
The shame about the oil price decline is that it ever went up so much to begin with.
The Central Banker’s reckless credit expansion has raped the populace viciously for years. Let us hope that peak waste is behind us for now and that the race of mutant specuvestor resource hoarders (cough, excuse me Dan) will die off. May the light soon shine on the evil and stupidity of QE.
Just cut back on it. That’s what I do. They want to play the financial rape game? Fine, I cut my fuel use by more than 50% since the original spike back in 2008. I buy foodstuff on sale. I don’t buy bubblicious anything, except for the bare minimum if it means life or death.
ranking the most favorable GOP candidates in recent poll:
1. marco rubio
2. scott walker
3. mike huckabee
4. jeb bush
5. rand paul
6. rick perry
7. ben carson
8. ted cruz
9. rick santorum
10. bobby jindal
11. chris christie
12. donald trump
13. lindsay graham
14. carly fiorina
===
my rankings and comments:
1. rand paul - probably a trojan horse for the conservatives like obama was for the liberals. understands economics better than the rest of the field. opposes civil forfeiture. i’d trust him to do what’s right more than to say what’s right. the best person for the job.
2. ted cruz - smart.. seems to take the right stand most of the time. wants to limit federal spending, wants less taxes and regs. believes in personal liberty and free markets. opposes public abortion funding. one negative.. might have an issue qualifying for president, even though obama blazed the trail for him on that one.
3. ben carson - only know a little on him but like what i see so far. would change rank if i learn some bad things about him.
4. marco rubio - negatives are pro amnesty and pro life but he’s not ridged on either. wants to cut federal spending and lower taxes and regs. may understand economics better than anyone but paul.
5. scott walker - negatives weakly pro life, wanted to create a ‘rainy day’ fund in wisconsin, showing he doesn’t really understand a great deal about economics and is probably a keynesian at heart. he might cave to the liberals but so far he’s for lowering taxes and regs. too bad he doesn’t mention lowering spending. probably has the best shot at winning the presidency, but that’s only because he’ll probably beat paul in the primaries. i think paul could win the general if he won the nomination (if we can keep voter fraud down).
6. carly fiorina - not a great deal is known. negative is pro life. wants to cut taxes and regs, but doesn’t mention spending. can run a business but i don’t know how much she understands about the economy. a dark horse with a chance.
7. bobby jindal - negative is pro lifer, but wants to lower taxes. again, not too much known.
8. rick perry - too much of a religious fundamentalist. but, of the fundies, he’s probably the least harmful.
9. mike huckabee - too much religion and not enough understanding of economics.
10. donald trump - would make some bad mistakes with the economy and trading partners. hope he stays in real estate.
11. lindsay graham - an establishment/GOPe liberal that only votes conservative for cover. he’s treacherous and will stab us in the back without warning. his words mean nothing.
12. rick santorum - one of the most liberal religious pukes that could ever run for president. i don’t care that he voted for less government spending 2005. i heard him in the most recent debates since then. if he weren’t pro life, he’d be a democrat. maybe he should be ranked below christie.
13. chris christie - flip flopped from pro choice to pro life. has leftist ideas that go to his core. he should switch parties. he’s no conservative at all.
14. jeb bush - negatives are pro life, pro common core, pro amnesty, pro stimulus (destructive spending), pro higher taxes. promotes class warfare even though he doesn’t understand he’s doing it. wants bigger and stronger government. he’s the absolute worst of the ‘conservative/pro life’ and liberal worlds combined. would be a true disaster as a president. didn’t learn a thing from the mistakes of the recent past. can’t find a single positive for him. nobody else even comes close to being this bad in this field candidates. he’s in a world of his own.
With the exception of Jeb Bush, just another Republican Freak Show. Just missing Beck and Palin.
Allahu Akbar my friend.
#TheProphetObama
ranking the most favorable GOP candidates in recent poll:
1. marco rubio
2. scott walker
3. mike huckabee
4. jeb bush
5. rand paul
6. rick perry
7. ben carson
8. ted cruz
9. rick santorum
10. bobby jindal
11. chris christie
12. donald trump
13. lindsay graham
14. carly fiorina
Who in this list has visited the Western Wall?
We gotta rally Bibi’s base for tomorrow before we can worry about rallying other bases
You could always call for an emergency dispatch of a global progressive rent-a-mob to disrupt the voting…you know, if the U.S. State department funded community organizers over there are coming up short.
#FundamentalTransformationOfIsrael
Click on my name
Guts on the ground.
Billy Carter urinated on it.
The western wall of China? Why?
Jim Webb. Hope Hillary goes down in the Jarrett cat fight.
I’m sure there’s a Swift Boat waiting for Jim Webb.
It’s somewhat interesting to me that Netflix’s House of Cards, the preeminent political TV show currently, has a Democrat President proposing massive cuts in entitlements. The trade off is the money would be used for a massive jobs program. Used to be with the West Wing that they’d try to push their own agenda as being better than the other side’s.
I think the show’s writers are on to something.
yep, with that plan there’s not much reason to make the cuts.
I liked the original BBC version more. Netflix is trying to keep it going and are just throwing stuff at the wall and seeing what sticks.
(if we can keep voter fraud down) ??
FOX neocon speak…Translation…If we can suppress the vote….
can run a business but i don’t know how much she understands about the economy ??
the stock lost half of its value throughout her tenure.[1] In 2002, the company completed a contentious merger with rival computer company Compaq, which made HP the world’s largest personal computer manufacturer.[2] In 2005, Fiorina was forced to resign as chief executive officer and chair of HP following “differences [with the board of directors] about how to execute HP’s strategy.”[3] She has frequently been ranked as one of the worst tech CEOs of all time.[4][5][6][7]
She is the neocon “Attack Cat”….Her sole purpose in the primaries is to unleash the personal attacks on Hilary…The Boys are afraid to do it…She may even be selected as VP so the full frontal assault can continue until the election…
suppress the vote?
some districts in florida and ohio with many thousands of votes, voted 100% for obama. that’s a statistical impossibility. just the margin of error should have provided some votes for romney. but there was none in those instance. without doubt there was voter fraud for obama.
i expect the same this time. more voter fraud will bring you the win. you will deserve what you get.
will bring you the win ??
LOL…You ?? More like me and 65,915,795 other voters…Most of which I suspect you believe is voter fraud…Its the only way that you can stomach & justify the fact that your party got beat…
What I suggest you do is ask yourself “why”…The answer, from this former republican is that it all started in 2000 and has just gotten much, much worse…
yes, you and all the dead people that vote with you.
your party got beat…
i don’t have a party. i’m registered independent. the republican party is too liberal for me.
i vote for the most conservative candidate i can find.
Mexico requires photo identification to vote, I would suspect every other civilized country does the same.
Progressives stuff the ballot boxes via numerous voter registration schemes and community organizations. Why else would revolutionaries on the left be opposed to proof of eligibility in this country?
They (the revcoms) could never get their horrid collectivist fundamental transformation passed via traditional means, so what could be better than importing 30 million insta-comm’s?
#TheEndsJustifyTheMeans
Speaking of community organizing, has anyone found themselves in need of assistance in this area? I mean, I can’t remember ever being approached by one of these groups in my “community”, even when I was a struggling yute. Wrong demographic? Just lucky?
#DoesYourCommunityNeedOrganizing?
Facts or a LInk??
Carly Fiorina is widely reviled here in Silicon Valley.
she’s not my candidate, but she’d be better than what we have now. i just showed you what a poll said and how i ranked them.
She should be disqualified just for the Demon Sheep online campaign ad.
All 14 candidates are economically misguided and wrong-headed because they all continue to believe that trickle-down nonsense.
supply side is the only thing that works. i’d never expect you to believe it though.
Supply side the only thing that works? The U.S. enjoyed full employment and prosperity in 1950’s, 1960’s without supply side policies.
which policies do you thing are supply side?
TJ, how do these guys feel about spying and data collection? Not just NSA, but private companies?
Some weeks ago, an HBBer bought coffee from Dunkin Donuts cash, and the next day he still got DD ads following him on his home internet. We speculated that Teh Goog pinpointed him — via the GPS on his phone — as frequenting a DD store, and subsequently showed a DD ad, collecting a fee from DD. I related this story to a friend who works in IT and he totally agrees that is what happened.
Companies can do this because it isn’t covered by the 4th Amendment. So, are we going to get any kind of “opt-out,” or protections, or hell at least a kickback, from this sh!t, or would that be just another crushing regulation?
TJ, how do these guys feel about spying and data collection? Not just NSA, but private companies?
i know that paul and cruz are against government spying and collecting data on private citizens. probably rubio too, but i’m not as sure.
i don’t know about the rest. most of them probably aren’t against it.
So, are we going to get any kind of “opt-out,” or protections, or hell at least a kickback, from this sh!t, or would that be just another crushing regulation?
allowing opt-outs is regulation that i’d be in favor of. i’m sure both paul and cruz support it.
and allowing opt-outs shouldn’t be thought of as true regulation because normally regulation puts a burden on a company. there is no burden in allowing opt-outs. they shouldn’t be forcing anyone in, in the first place.
You don’t even need to have GPS on to be tracked, they have your approximate location from the cell tower you are connected to and a much more accurate one from any nearby wifi hotspots…the Google Streetview cars map those while driving around taking photos. You can turn location services off and personally I use Firefox for browsing on my phone since it allows addons/extensions like Adblock and Joshua Tree (makes reading the comments here bearable. BTW I recently learned that when I’d OK’d Google location history that they keep a detailed record of your travels going back a month or more (and GPS is NOT required), very creepy though interesting to see on the web, turned it off quickly and deleted the records.
http://www.howtogeek.com/195647/googles-location-history-is-still-recording-your-every-move/
It’s called device linkage and it’s what is driving mobile advertising these days. If we can link you to a mobile phone, desktop, and tablet, we can track you and serve you ads across devices. Location becomes a filter criteria as well depending on the app.
I’m sure bill collectors are drooling for the day when they get their hands on the data.
That explains why I got all the ads for Grand Canyon tours…..I was in the area this weekend. The HBB add was for a plane tour!
Why is Trump so bad? He’d declare the US govt bankrupt and screw Wall st and China! 😄
he’s bad because he has a poor understanding of economics, which is a very important issue for me.
he’d be a price fixer via protectionism. he flip flopped to pro life. he’d really do some stupid things if he got in. things just don’t work the way he supposes they do.
still, all of these guys would be better than we have now.
Rand Paul haven’t we screwed young people enough already ?
“During my time in Congress, I have worked on proposals that would fully fix the shortfall in the Social Security program through a gradual increase in the age of full retirement and by means testing yearly earnings, while preserving those benefits for near and current retirees. These changes would only apply to younger Americans who have time to plan for the future.”
he can’t admit it, maybe even not in his first term, but i believe he wants to phase out SS altogether over time, or at least reduce it to the insurance policy that it was originally meant to be.
“…while preserving those benefits for near and current retirees. These changes would only apply to younger Americans who have time to plan for the future…”
Oh, yeah, that’s a great plan. How about a refund for the 30 years I’ve been paying in since it’s another 20 before I get to retire? Seems I’m in the generation that is getting cornholed the most no matter where I turn.
I’m up for a return of every dime I paid in and agree to forfeit any claims on SS.
“still, all of these guys would be better than we have now.”
A cardboard cutout of Homey Clown would be better than what we’ve got now.
Or a homeless tweaker. At least they’d be fun to watch.
A whole tree full of shrieking monkeys.
ranking the most favorable GOP candidates in recent poll:
Favorable to those who have had a lobotomy. Rand Paul is the only one on the list even remotely worthy of consideration. The rest are all Goldman Sachs water carriers.
http://www.msn.com/en-us/news/featured/10-things-you-should-know-about-vladimir-putin/ss-AA9ONXh
Our we in a new economy thanks to social media? Stocks are acting like pets .com.
When the people wake up out of their stupor and realize the fed cant create real growth will these stocks crater?
What will be the catalyst to wake people up to the fed hype? Its like crying wolf again this year.
why should the fed make the govt borrow less when they can rob your interest on your savings to help finance deficits?
Its either the govt pays more to service debt or the savers get hosed and they are forced into overvalued stocks and will lose their money again. when is it time to drop the ball on momentum chasers?
AZ
Nice post.
Maybe the heat is not hiding in the deep ocean next to the unicorns:
http://wattsupwiththat.com/2015/03/14/bad-news-for-trenberths-missing-heat-new-study-finds-the-deep-oceans-cooled-from-1992-to-2011-and/
I think Jesus was riding them on the Ark.
Even Russian scientists recognize that climate change is occurring.
“Russia remains a region of the world where warming of the climate in the 21st century will significantly exceed average global warming,” the report [by the state meteorological service Roshydromet] warned.”
http://news.yahoo.com/russia-drying-lake-threatens-era-water-wars-123251820.html#
Oceans ate the global warming
And now they’re burping all that heat back up!
From housing in Peoria, AZ to orders for Cat in Peoria, Illinois the dollar is impacting everything, trying to hold down oil with the dollar has consequences.
will the fed be dovish or hawkish this week? Is this the biggest con going?
It was a global building mania which is unraveling. Why shouldn’t Cat orders fall right along with the stuff that they dig and the stuff they run on?
It would seem to me that the manipulation was what made the price of oil go up in the first place.
1990 - “We’ve got to ride the global warming issue. Even if the theory of global warming is wrong, we will be doing the right thing – in terms of economic policy and environmental policy” – Senator Timothy Wirth
Well Tim, that would make you an idiot. If we have wasted colossal amounts of resources to cut down emissions of a harmless gas, it would be bad.
“harmless gas”
The dose makes the poison.
There is nothing poisonous about it. Perhaps you are confusing poisoning with suffocation?
There is nothing poisonous about carbon dioxide, except that it can suffocate you in the right amount? Sounds like the dose makes the poison, eh?
I suspect a reasonable person could also see that releasing millions of years worth of stored carbon dioxide over the course of a century or so, could have a similar disruptive effect on our ecosystems. It’s actually absurd to think it wouldn’t have such an effect. How could such a massive carbon dioxide release occur without causing any disruption? Maybe in a scientific system where God looks out for us?
I read something that said there has been enormous benefits from reducing the burning of coal. When coal burnt, a lot of toxins go into the air addition to carbon dioxide. Also, there are coal mining practices which are really harmful to environment in places like West Virginia.
Wirth(less) was from CO as I recall - most likely a democ rat. Would make sense at the time - remember Gary Hart?
1998 - No matter if the science [of global warming] is all phony . . . climate change [provides] the greatest opportunity to bring about justice and equality in the world.” —Christine Stewart, Canadian Minister of the Environment, Calgary Herald, 1998
“Never let a good crisis go to waste”
- Anonymous Global Progressive
…and if we don’t have a real crisis, by god we’ll invent one!
#FundamentalTransformationOfTheWest
bloomberg - if economists were right, you would have a raise by now
http://www.bloomberg.com/news/articles/2015-03-16/your-wallet-isn-t-getting-fatter-as-economics-101-comes-unhinged
because the future belongs to lucky ducky, and the future is now
Are your customers at the pot shop mostly lucky duckies or people with jobs? What’s the demographic look like generally?
I would guess that they’re mostly white people, aged roughly 21 - 60, and fairly casually dressed.
Nice post…
By John Carpenter
MARCH 13, 2015
AUSTIN, Texas — Former Vice President Al Gore on Friday called on SXSW attendees to punish climate-change deniers, saying politicians should pay a price for rejecting “accepted science.”
“We need to put a price on carbon to accelerate these market trends,” Gore said, referring to a proposed federal cap-and-trade system that would penalize companies that exceeded their carbon-emission limits. “And in order to do that, we need to put a price on denial in politics.”
http://www.chicagotribune.com/…/chi-sxsw-al-gore-penny-pritzker-bsi-20150313-story.html - 185k -
“We need to put a price on carbon to accelerate these market trends,” Gore said
———————————————————————
“The tax on CO2 emissions was originally adopted by the Labour Party-led government in 2011, which broke its promise not to impose it. After the scheme sparked soaring costs of living and record business failures, the Australian public turned overwhelmingly against it,”
In Historic Blow to Climate Hysteria, Australia Kills Carbon Tax
Written by Alex Newman
Friday, 18 July 2014
With final approval of the Senate on July 17, Australia officially became the first developed nation to repeal its deeply controversial tax on emissions of carbon dioxide, dealing a major setback to proponents of increasingly discredited man-made “global warming” theories. Climate realists worldwide celebrated the historic development, while enraged global-warming theorists furiously lashed out at Australian lawmakers
The tax on CO2 emissions was originally adopted by the Labour Party-led government in 2011, which broke its promise not to impose it. After the scheme sparked soaring costs of living and record business failures, the Australian public turned overwhelmingly against it, with Abbott offering a “pledge in blood” to kill the tax. Those promises led his party to a massive victory in last year’s legislative elections. However, because the Senate was not under conservative control, two previous efforts since then to ax the tax had failed. On July 17, though, with support from three senators in businessman Clive Palmer’s party, Abbott succeeded in pushing the measure through following a successful vote in the House of Representatives last week.
http://www.thenewamerican.com/…storic-blow-to-climate-hysteria-australia-kills-carbon-tax - 79k -
Comment by phony scandals
2015-03-16 08:39:51
In Historic Blow to Climate Hysteria, Australia Kills Carbon Tax
thenewamerican.com/world-news/australia/item/18729-in-historic-blow-to-climate-hysteria-australia-kills-carbon-tax
Maybe big Al can lead by example and join the Amish! Get out of that jet and house, etc… And stop being a hypocrite. 😀
Comment by phony scandals
2015-03-16 06:52:07
SXSW: Gore says climate-change deniers should pay political price
chicagotribune.com/bluesky/originals/chi-sxsw-al-gore-penny-pritzker-bsi-20150313-story.html
“Former Vice President Al Gore on Friday called on SXSW attendees to punish climate-change deniers”
Nudge -> Shove -> Shoot
One way or another, you will be transformed.
#Marxism
“No challenge poses a greater threat to future generations than climate change,” said Obama in his State of the Union speech Tuesday.
The United States should lead in international efforts to protect “the one planet we’ve got,” he said.
—————————————-
Michelle And Barack Go To California – On Separate Planes
by Charlie Spiering March 13, 2015
President Obama and First Lady Michelle Obama were both in California at the same time yesterday, but the pair took separate flights for two different television appearances.
Yesterday, President Obama traveled aboard Air Force One to California for a TV appearance with comedian Jimmy Kimmel. The First Lady, however, flew on a separate plane to California for a TV appearance with Ellen.
The popular daytime television host tweeted a selfie with Michelle Obama yesterday at about the same time that President Obama was filming himself reading mean tweets with Kimmel:
The pre-taped Michelle Obama appearance with Ellen airs Monday.
After the Kimmel show, President Obama attended a DNC fundraiser before leaving this morning for a separate trip to Phoenix, Arizona aboard Air Force One.
The First Lady flew back to Washington D.C. separately, while the president will fly back to Washington D.C. this afternoon.
Hey - been away for a couple of days.
Got me to thinking - What will be the over/under on obama’s brackets as the world continues to burn under his watch?
This is what a bag of Cheetos looks like at elevation 14,200 feet:
http://www.picpaste.com/IMG_20150314_134310_842-Mme7Jihm.jpg
Open the bag under your mouth and they will literally pop right into your mouth
Region VIII
That’s a picture of heaven right there.
Top of Mt. Elbert me thinks - been there - magnificent views. But…I went when it was warmer - looks really cold that bag of cheets!!!
very, very close, only about 20 miles from elbert but sharing many of the same views. it was 4f degrees when we started in the morning but with the sun reflecting off the snow i was down to a t-shirt by mid-afternoon
region viii
As we say here in Chicago - BUUUUUUTiFUUULLLLL!!!
“world continues to burn ”
Is that a new neocon talking point?
“Ted Cruz to 3-year-old in N.H.: ‘Your world is on fire’”
http://trailblazersblog.dallasnews.com/2015/03/ted-cruz-in-nh-scares-a-child-takes-credit-for-2014-wave-invokes-mom.html/
Vote for me or we’re all gonna dieeeeeeee!
Said the shrieking tree monkey.
Americans starting to hide their info from government spying
WASHINGTON, D.C.
March 16, 2015 7:47am
Nearly one out of three (30 percent) American adults say they are taking steps to hide or shield their information from their government, according to new research by the nonpartisan Pew Research Center.
For instance, 17 percent changed their privacy settings on social media; 15 percent use social media less often; 15 percent have avoided certain apps and 13 percent have uninstalled apps; 14 percent say they speak more in person instead of communicating online or on the phone; and 13 percent have avoided using certain terms in online communications.
http://www.centralvalleybusinesstimes.com/stories/001/?ID=27956
Can’t have a Tinder account unless you’re on Facebook
Never joined Facecrook, never will.
Yet 95% of the electorate votes for candidates that trample on the Constitution. Retards….
something tells me there are a lot of folks in the US living off the production of others.
something tells me there are a lot of folks in the US living off the production of others ??
No question about it…Its pervasive and really has grown to unmanageable problem…To many people riding in the wagon and not enough pulling it…
Another pervasive problem…Underground economy…We need a national sales tax…Preferably progressive in some manner…Its the only way we can capture the owed tax revenue from the underground economy…Until then, its the legitimate tax payers pulling the wagon while the illegitimate ride in it…Its rampant around here…I see it everywhere…
“We need a national sales tax…”
A typical empty-pocketed, free $hitting, ain’t got nothing but a boat load of debt notion.
where is this underground economy you are talking about?
Go out into the rural areas. Guy fixes buddy’s car - gets paid in cash under the table, or trades for a cord of wood.
In the big city: contractors pick up their day labor at the big box store parking lot and pay them cash at the end of the day. That is never reported.
It’s all around you if you choose to see it.
Remember, oil-gas-coal are yesterday’s fuel, doomed to a gradual erosion in market share. The solar and wind train has left the station but it’s not too late to get on board…
Yale Univ. 360: U.S. electric companies expect to install more than 20 gigawatts (GW) of utility-scale generating capacity this year and 60 percent of that will be wind and solar power
http://e360.yale.edu/slideshow/solar_and_wind_on_track_to_dominate_new_us_power_capacity_in_2015/429/1/
solar=FAIL
Solar didn’t fail, I did when I accidentally posted as a reply to azdude when I meant to start a new topic. Sorry about that azdude.
Solar failed long ago back in the early 80’s.
“Remember, oil-gas-coal are yesterday’s fuel, doomed to a gradual erosion in market share.”
Maybe not so gradual if nanotechnology makes solar cells more efficient. Once the technology reaches a critical phase, the conversion could be rapid indeed.
something tells me there are a lot of folks in the US living off the production of others.
Ya think?
Jury convicts man who used ‘Joe Biden defense’
by Emily Gillespie | The Columbian | March 16, 2015
A Clark County District Court jury has convicted a man who fired his gun to scare away alleged car prowlers, then later told reporters that he was just following the vice president’s suggestion.
Jeffrey C. Barton, 53, made international news when he told journalists: “I did what Joe Biden told me to do. I went outside and fired my shotgun in the air.”
He did this at about 3 a.m. on July 15, 2013, when he was alerted by a neighbor to people rifling through his vehicles, parked in his driveway in the 5800 block of Northeast 124th Street. Barton chased the alleged prowlers, punched one of them in the face and fired three rounds from his shotgun, according to accounts of the event.
Barton’s statement to reporters was a reference to the vice president’s answer to a question earlier that same year about home defense. Biden responded that Americans don’t need to own semiautomatic weapons, because a couple blasts from a shotgun will scare off intruders.
comment
patriot5 • 5 minutes ago
I agree with the judge and jury. Anyone who listens to Biden is guilty of being stupid.
Biden responded that Americans don’t need to own semiautomatic weapons, because a couple blasts from a shotgun will scare off intruders.
Those prowlers weren’t intruders.
Grape Kool-Aid today?
#OMG
What are you getting at?
Anyone who listens to Biden is guilty of being stupid.
Anyone who voted for Obama/Biden, McCain/Palin, or Romney/Ryan is guilty of being stupid. There, fixed it for you.
Biden Advises Shooting Shotgun Through Door
By Steven Nelson Feb. 28, 2013 | 5:58 p.m. EST + More
Vice President Joe Biden told Field & Stream magazine in an interview published Monday, “[if] you want to keep someone away from your house, just fire the shotgun through the door.”
Coincidentally, a 22-year-old man in Virginia Beach, Va., was charged Monday with reckless handling of a firearm after doing just that a couple days earlier.
Local TV station WAVY 10 reports that the man observed two masked men leaning into his bedroom window. The men allegedly had weapons and told him to close his bedroom door. He stepped outside of his bedroom and did as instructed, then fired his shotgun through the closed door and then several more times at the window.
Earlier this month, Biden told an interviewer that he had advised his wife, Jill, “if there’s ever a problem, just walk out on the balcony here, walk out and put that double-barrel shotgun and fire two blasts outside the house.”
Meanwhile in Chicago …..22-shot-3-dead
Imagine if you will what happens when the weather gets warmer here….
Granted this from Breitbart - the thing is I perused the Chicago Trib this morning and not one mention of this at all…..sheesh!!! Old news to the Trib I guess.
http://www.breitbart.com/big-government/2015/03/16/chicagos-weekend-violence-tally-22-shot-3-dead/
Um, yeah…here’s what happend when women took Joe Biden’s advice and chose a shotgun over an AR-15….
https://www.youtube.com/watch?v=WXIW1GKAvMM&spfreload=10
Biden told an interviewer that he had advised his wife, Jill, if there’s ever a problem, just
(push the secret service agents out of the way)
walk out on the balcony here, walk out and put that double-barrel shotgun and fire two blasts outside the house.
Great advice, Uncle Joe….
https://www.youtube.com/watch?v=WXIW1GKAvMM&spfreload=10
Let’s get todays data out there. You guys are slippin’.
Riverside, CA Housing Inventory Balloons 117% As Defaults Rise Statewide; Prices Sink
http://www.movoto.com/riverside-ca/market-trends/
Monterey, CA Housing Inventory Skyrockets 111%; Prices Sink 4% As Housing Correction Resumes
http://www.movoto.com/monterey-ca/market-trends/
Diving prices…. diving diving prices of all kinds. The more they dive, the wealthier we become.
I need to sell some of my facebook stock to you muppets so I can buy a new 50,000.00 chevy truck, capeche?
If the existence of snow proves that global warming is a fraud, does the fact that the snow is now melting prove that global warming is true?
should beef producers pay a carbon tax like the oil companies?
I hope everyone had a happy Nowruz.
————————————————————————–
The White House
Office of the First Lady
For Immediate Release
March 11, 2015
Remarks by the First Lady at Nowruz Reception
1:04 P.M. EDT
MRS. OBAMA: Hello everyone! Nowruzetan Mobarak! (Applause.)
But most of all, I want to thank all of you. We’ve got leaders here from our businesses and our schools, government, entertainment community and more as we celebrate Nowruz.
So I hope that you guys will make yourselves at home. I hope that you feel at home. I hope you feel the welcome, the love, the spirit of this holiday. I hope you enjoy the food, the friendship, and just being at the White House. Isn’t it cool? (Laughter and applause.) It’s kind of cool.
AUDIENCE MEMBER: Join us!
MRS. OBAMA: I’m going to be around and about listening and — (laughter) — they keep me moving around here. (Laughter.)
But it is — we’re just delighted to have you here. And we hope you enjoy the celebration. Enjoy the house, enjoy the weather. And Happy Nowruz. Thank you all. (Applause.)
END 1:09 P.M. EDT
http://www.whitehouse.gov/…/2015/03/11/remarks-firsty-lady-nowruz-reception - 56k -
Comment by phony scandals
2015-03-16 13:13:34
Remarks by the First Lady at Nowruz Reception
whitehouse.gov/the-press-office/2015/03/11/remarks-firsty-lady-nowruz-reception
What the hell is Nowruz!???
That’s a good question. Another one is who cares?
“Another one is who cares?”
Chill out and have a glass of Falooda.
Nowruzetan Mobarak! (Applause.)
Maybe that wasn’t a good question. A lot of people are apparently enraged. Perhaps a better question is why.
Did you buy a house in the last 15 years?
“A lot of people are apparently enraged.”
Maybe they had a little too much Falooda for Nowruz.
How to celebrate Nowruz, the Persian New Year, like a pro - The …
http://www.seattleglobalist.com/…/21834 - 125k - Cached - Similar pages
Mar 20, 2014 … Growing up as an Iranian-American, Nowruz, the Iranian/Persian New Year, is one of the most important times of the year.
Comment by phony scandals
2015-03-16 14:45:31
How to celebrate Nowruz, the Persian New Year, like a pro
seattleglobalist.com/2014/03/20/how-to-celebrate-nowruz-the-persian-new-year-like-a-pro/21834
Its a another one of those dark conspiracies that exists solely in PS’s mind.
Nowruzetan Mobarak!
Its a another one of those dark conspiracies that exists solely in PS’s mind.
Yet so many of them (certainly not all) end up being true.
If the fed does raise rates will that take money out of the stock market casino?
We need companies borrowing cheaply to buy back their stocks so americans have disposal incomes to spend on over priced cars and houses.
The word realtor is synonymous with the word deception.
Are you saying that realtoRs are liars?
There is no need to say what we all already know.
Meanwhile, in California, the drought grinds on…divine punishment for inflicting Comrades Boxer, Feinstein, and Pelosi on the nation?
http://theeconomiccollapseblog.com/archives/california-is-turning-back-into-a-desert-and-there-are-no-contingency-plans
So apparently replacing living-wage middle class jobs with bartender and barista positions isn’t having the desired effect on the housing market…who’d have thunk it….
http://www.marketwatch.com/story/low-mortgage-rates-jobs-creation-still-not-boosting-housing-market-2015-03-16?link=MW_latest_news
I enrolled in bartending school today. Driving a truck didn’t pan out.
Update: Oil Closes Near 52 Week Low; Down 57% YoY
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
where r u tending bar these days?
Falling.Prices.
http://finance.yahoo.com/news/saudi-arabia-wooing-fired-u-000001597.html
Saudi’s wooing US shale drillers
1. Likely buying up us shale oil through shell companies.
2. Less likely developing their own shale
Either way doesn’t sound like they expect the easy to get oil and gas to last long.
Dumb question of the day: Doesn’t the CA gas tax potentially reduce oil demand, through the indirect channel of encouraging less gasoline consuption by Californians?