Bits Bucket for June 3, 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.
About Me
Name:Ben Jones
Location:Northern Arizona, United States
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View the HBB Photo Gallery *updated 4/13/2008
Region VIII
http://www.bizjournals.com/denver/blog/real_deals/2015/06/denver-declared-the-hottest-home-market-in-the.html
http://www.thedenverchannel.com/news/local-news/first-time-home-buyers-courting-denver-metro-homeowners-with-flowers-letters-and-gifts05142015
Region VIII
“Sellers still have to do their job, but if it shows well and it’s in a good neighborhood, it’s gone,” she said.
Statements like this make me feel 10 years younger.
Don’t buy it!
any positive news from the bear pit today?
Pick yourself up off the floor and cheer up Poet….. And remember…
Falling prices to dramatically lower and more affordable levels is positively bullish and good for the economy.
Denver, CO Housing Prices Fall 9%
http://www.movoto.com/denver-co/market-trends/
The positive news is that we are rapidly moving towards a society where 85 percent are superfluous. It will be good for the environment and provide a higher quality of life for all.
a society where 85 percent are superfluous.”
True I talked to a PCB manufacturer yesterday and they explained with the new machines they don’t need many skilled operators so its much less labor intense than yesterdays factory.
No need to build multi-million dollar factories in China because labor is not a cost driver anymore.
Like machine shops used to be hundreds of skilled machinists not anymore.
Oh and new PCB will be deposited copper patterns like a big printer no longer a etch the copper pattern with acids. Just have to get the peel strength right.
PCB = printed circuit board like whats in your computer, phone, eveything, etc.
Remember when PCB’s were laid out using tape on a light table?
yea lots of mistakes. I used to design isolators and certain draftsman would screw my line widths and they were 50 mils wide.
Now its going to 1mil space 1mil trace. that’s small
Medical technology is driving it. that’s were the money is.
You’ve come a long way baby…
Newport Beach, CA Housing Prices Fall 4%
http://www.movoto.com/newport-beach-ca/market-trends/
Hey, Median $/Sq. Ft. is even down 2% there!
Current banner ad on HBB:
http://www.doclending.com
Because you should never let $300,000 of medical school student debt get in the way of taking out a $750,000 mortgage, LOLZ
You have to keep up with the Joneses right up to that heart attack and early grave.
I’d rather keep up with Ben Jones.
He enrages.
House prices keep going up in contrast to the bogus data you keep posting.
Let the power of data enrage you Poet…
Redmond, WA Housing Prices Fall 9%
http://www.movoto.com/redmond-wa/market-trends/
Your losses are going up daily.
Let the power of data enrage you!
Alexandria, VA Housing Prices Fall 10%
http://www.movoto.com/alexandria-va/market-trends/
Ha ha ha!
You are hilarious HA, trying to claim that Redmond’s prices are going down. I just spent the last 2 hours online looking at this weekend’s offerings in Redmond (fresh listings start each Thursday).
A not-even-built-yet 4BR near Microsoft just went pending for $1.4M.
Fresh, GOOD data from my realtor.
Prices are still rising, not falling in Redmond, WA.
Good data my friend, good data. From real people with boots on the ground.
Your beef is with the data my friend.
Kirkland, WA Housing Prices Fall 8% YoY
http://www.movoto.com/kirkland-wa/market-trends/
This is your “progressive” future:
http://www.infowars.com/liberals-worship-caitlyn-jenner-as-transgender-goddess/
And if you don’t want to have Bruce/Caitlyn’s non-cameltoe, mystery-meat, Ken doll crotch shoved in your face on the cover of Vanity Fair while you wait to pay for your groceries, you are probably racist
Hmmmm … maybe I can make a buck out of this.
Transformers! That’s it, transforming dolls! Don’t give your kids a Barbie or a Ken for Christmas, instead give them a transformer - a doll that can transform from one gender to another, can transform from Barbie to Ken and then back to Barbie. Or, maybe create something that is in between.
Accessories, money will be made in accessories, as in spare parts.
Combo, that’s actually a really good idea and would probably sell like hotcakes, seriously. You need to get in touch with a Chinese factory ASAP.
Oooh, ooh, I’ve got a great idea, too. Let’s have Chas Bono propose to Caitlyn Jenner, they marry and have a reality show called “Keeping Up with the Boners”. Whaddya think?
How about “do you have the balls to keep up with the Bonos”.
Oh crime, now I’m mentally designing and visualizing what parts the doll would have and how the doll would transform. Damn STEM major!
I hope you aren’t concurrenrly channeling images of Caitlyn’s parts!
Testify, Brother RTB
http://www.fredoneverything.net/Ballmer2.shtml
The “progressive” advocacy of tranny acceptance will never pass a simple test, which is that any small child about age 5-7 will point at these freaks and say “mommy that’s a man dressed like a lady”
I don’t a child would say that about Caitlyn Jenner.
This guy could turn off the TV and stay away from the Internet. In theory, that would dramatically reduce the amount of agita that he experiences. But he doesn’t do that because he enjoys his own anger so much.
Those tha have no life feast on rage to alleviate boredom.
You make no sense RTB. On the one hand you slam Drudge for “rallying the base” and on the other you go and link Alex Jones to push his sexual intolerance agenda. I don’t get it.
There is nothing more intolerant than a Social Justice Warrior™
That’s why I’m more of a left-of-center Dem. I don’t want anything to do with the far left nor the far right. I don’t want some extreme feminist telling me what to do and I don’t want conservative Xtians telling me I have to go to the “open carry” church on Sunday.
No matter what you will vote for whatever yellow dog they put up.
Right, like some were intolerant of racism in the 60’s. Would you have been one to call me “intolerant” because I insisted that black people had a right to be served in any restaurant?
Would you have claimed that it was a violation of your religious faith to allow inter-racial couples? to whip your horse to death? beat your child? own a slave?
It’s almost as if he has political views of his own instead of prepackaged ones. The Horror! The man actually thinks for himself!
If you’d been immersed in the Kardashian Klown Klan for a couple of decades, you’d be mutilating yourself, too.
Fellini was a visionary.
What do people who push Global Warming and people who buy and eat “organic” food have in common?
The hermaphrodite in Fellini’s Satyricon is perhaps something you are referring to there Palm?
I’m referring to Satyricon in general, rj. Good on ya, most people probably have no clue as to the cultural reference.
Palm:
The sad thing is what you say - and as a result Cinecitta is now defunct and closed - A travesty as the greatest of Italian directors were falling over each other back in the day to make movies there. DeSica, Fellini, Antonnioni and others.
When you go to the Wikipedia page for Bruce Jenner, it redirects to Caitlyn Jenner’s page, with a confused mess of replacement pronouns.
But, you know, what a fitting symbol for the end of the US.
RIP Bruce Jenner.
I welcome the moral rot
Let’s stop pretending America has any kind of future already
“This sucker could go down” — George W. Bush
LOL, is it just me, or do these guys look really gay? NTTAWWT.
http://www.bloomberg.com/news/articles/2015-06-02/putin-s-secret-budget-hides-shift-toward-war-economy
The trappings of fascist dictators are usually very camp and gay. The high boots, stirrup pants, goose stepping, idolization of the ‘perfect’ aryan/slav/whatever male, and the organizing idea that any gayness is an ‘infection’ brought in by some outsider group, who must therefore be stamped out. The persecution of gays themselves.
It’s all classic projection, straight outta Freud. Homophobia is at the heart of fascism.
And need I add that in the heart of every homophobe, is their own gayness. Which wouldn’t be there if those darn gays weren’t out there being gay! (And tempting them.)
That’s what Denny Hastert said.
He was showing them wrestling holds, darn it!
“This sucker could go down” — George W. Bush
All we need is a good EMP to put an end to the whole sorry mess. And then the dark age interregnum with plagues and all that.
Well let’s turn our backs on America then. Is there a better country out there somewhere?
Warmist Warming Wednesday
http://www.nytimes.com/2015/06/02/science/mount-everest-glaciers-melt-disappear-nepal.html
And now back to your regularly scheduled Drudge Report links
A similar science is applied to “organic” food. And for the same bottom line reason, money.
Hysterical non-sequitur. Denied.
Latest Banker suicide……
Can someone tell me exactly why anyone would hire a 22 year old “analyst” to analyse anything? (Other than analyzing cellphone apps?)
1. They’re cheap to employ in that they’ll work for promises (the cheapest of all to employ are the interns).
2. They are easy to handle. When it’s time for somebody to take a fall then, if it is arranged properly, they will be the ones who will take it.
“Old age and treachery will overcome youth and skill every time.”
3. Easy snd cheap to replace
CraterRage Animation Of The Day
http://goo.gl/nhb3fP
Lions and tigers and bears oh my
http://www.breitbart.com/big-government/2015/06/02/obama-im-the-closest-thing-to-a-jew-to-ever-be-president/
Kennedy was Irish.
To fit the analogy, Kennedy was Catholic too.
So now Obama is a radical Christian, a Muslim, and now Jewish as well? Heck, throw in the Wiccans and the Webenhojans and Obama will get everybody!
He is also the first gay president, so does that make him a Heblew?
German Bund rout looks set to continue.
http://www.marketwatch.com/investing/bond/tmbmkde-10y?countrycode=bx&mod=MW_story_quote
In STL today, to look at airplane mods.
Went out hitting the “antique shops” this weekend (cuz that’s how i roll now…..). Found a framed Norman Rockwell print, how quaint.
It occurred to me that, if he were still alive, our buddy Norm’s work would be COMPLETELY different:
“Betsy meets Mom’s new wife”
“Uncle Carl finally decides on a gender”
“It’s moving day for Aunt Larry and Uncle Bill”
“Leeroy marries cousin Ellie”
“Aunt Pat (with the flattop haircut) shops for flannel shirts”
Here’s your HBB new vocabulary word of the day:
http://en.wikipedia.org/wiki/Cisgender
“Mom and daughter search for their baby daddies”
“Uncle Jim harvests his crop (in the basement)”
“Dave asks his life partner (while standing in front of a full length mirror)….”Does my ass look fat?”
I think the question that most men do not want to hear is their GF/wife ask them “do these jeans make my azz look big” and no matter what you answer it means less sex for a week.
The correct answer is immediate sex.
Yeah, but then you get thrown out of Macy’s.
That’s ok. There are a LOT of Macy’s stores to get thrown out of.
“My dad can whip your dad.”
“Oh yeah? What makes you think so?”
“You only have one dad and I have two.”
That is seriously funny chit.
Does Greece have enough bailout money on hand to pay its debts?
Marketwatch dot com
Market Pulse
ECB’s Draghi: Greek negotiations are in a “state of flux”
By Sara Sjolin
Published: June 3, 2015 9:10 a.m. ET
The negotiations between Greece and its international lenders are in a “state of flux”, but there’s a “will and strong determination that an agreement will be found,” European Central Bank President Mario Draghi said at a news conference on Wednesday. When asked whether a Greek deal is close, Draghi said it was difficult to give an update in real time, partly because the talks are taking place in Brussels, whereas the ECB is in Frankfurt. The ECB boss also said that the current cap on T-bill issuance by the Greek government is conditioned on an aid disbursement from the lenders. The comments come as Greek Prime Minister Alexis Tsipras is set to meet with European Commission President Jean Claude Juncker in Brussels later on Wednesday, where he is expected to be presented with a new reform plan drawn up by Greece’s creditors. However, Tsipras has insisted he is bringing Athens’s own proposals to the meeting, which raises the possibility the lenders’ offer could be rejected. Greece is due to repay 303.3 million euros ($338.7 million) to the International Monetary Fund on Friday. Fears are that the country is so low on cash, it’ll miss that payment unless more bailout money is released.
…
Once again PB takes all the fun outta a thread - in this case the jenner mess.
So is China getting like the U.S. we sell each other houses, cook each other meals, we make beds for each other and then we claim it adds to the GDP? Of course China did not create the game and if we are going to claim it as part of our GDP, it gets to claim it for its GDP. Jenner by getting snipped added to our GDP. If you just considered things like manufacturing China is already bigger than we are:
http://www.shanghaidaily.com/business/China-services-PMI-continues-to-grow-in-May-HSBC/shdaily.shtml
As predicted, the climate change deniers get another chink in the armor:
http://www.motherjones.com/blue-marble/2015/06/guess-who-just-came-out-support-bold-fix-climate-change
Yeah, that’s a liberal rag. Still — point is — BP and Shell are breaking ranks and are acknowledging climate change. Like I’ve said before there will be a slow trend of corporations shifting towards acceptance of climate change once they see their profits threatened. Once that happens, their lapdog GOP politicians will begin to accept climate change too.
” BP and Shell are breaking ranks and are acknowledging climate change”
They’re probably looking at what happened to the tobacco companies when they were found to be running their own slanted science operations, and wondering if the world will be quite as forgiving this time, especially if the consequences are more catastrophic. No CEO wants to star in his own Nuremberg trial.
From a political perspective, sometimes it’s better to go with the tide of conventional belief than fight it.
If we stop the silly argument as to whether there is climate change or not, we can then presume that CO2 DOES contribute to warming, and then get to the meat of the discussion:
1. How much will lowering CO2 emissions actually reduce global temperatures, or slow the warming trend (if at all)?
2. How would you lower CO2 emissions? What is the plan’s cost (in treasure and life) to do so?
3. Is it worth it to do #2 based on the answer to #1?
It sure felt like things cooled down in 2009 through 2011. The great recession took a lot of action off the roads, sky and industry.
Climate change probably doesn’t respond so immediately; oceans are just too big.
As for BP and She’ll, it’s probably just more green washing. Agree with gov position, get gov money. The usual.
From Bloomberg:
“Oil companies that have pumped trillions of barrels of crude from the ground are now saying the future is in their other main product: natural gas, a fuel they’re promoting as the logical successor to coal. With almost 200 nations set to hammer out a binding pact on carbon emissions in December, fossil-fuel companies led by Shell and Total say they’re refocusing on gas as a cleaner alternative to the cheap coal that now dominates electricity generation worldwide. That’s sparked a war of words between the two industries and raised concern that Big Oil is more interested in grabbing market share than fighting global warming “Total is gas, and gas is good,” Chief Executive Officer Patrick Pouyanne said Monday, in advance of this week’s World Gas Conference in Paris.
His remarks echoed comments two weeks earlier by Shell CEO Ben Van Beurden, who said his company has changed from “an oil-and-gas company to a gas-and-oil company.” Shell began producing more gas than oil in 2013 and Total the following year. Exxon Mobil ’s output rose to about 47% of total production last year from 39% six years ago. Companies are pushing sales in China, India and Europe. Coal from producers led by Glencore and BHP Billiton produces about 40% of the world’s electricity. Shell, Total, BP and other oil companies said Monday in a joint statement that they’re banding together to promote gas as more climate friendly than coal. “The enemy is coal,” Pouyanne said Monday. He vowed to pull out of coal mining and said Total may also halt coal trading in Europe.
A key strategy for gas producers to push this agenda is asking governments to levy a price on carbon emissions from power plants.”
Now that they’re getting into natural gas, the oil/gas companies want the government to regulate the coal industry, and who gives more money to congress?
So they can use their efforts to fight climate change as justification for higher prices?
Fighting Global Warming requires more fossil fuel. Seems a natural play.
Nice going Colorado:
http://denver.cbslocal.com/2015/06/02/kitchen-manager-fired-for-giving-lunch-to-students-without-money/
Early training for the FSA!!!
Easy to be generous when it’s other people’s money.
Everythin’s Bigger ‘N Texas, including stupidity.
“HOUSTON — Students and faculty members at public and private universities in Texas could be allowed to carry concealed handguns into classrooms, dormitories and other buildings under a bill passed over the weekend by the Republican-dominated Legislature.” (NY Times)
Bunch of inebriated 19-y.o. frat brothers with concealed weapons. What possibly could go wrong? Now, I do support the 2nd amendment. But I also support common sense.
How many of Obama’s “sons” kill each other on the streets of Chicago every weekend with some of the most restrictive gun laws in the country?
And never forget what the progressive agenda is:
Registration, confiscation, extermination
Arming a bunch of drunk frat boys won’t stop one single Chicago homicide. The NRA gun extremists are just as over the top as some of those Drudge links you complain about.
Yes most of the progressives I meet are interested in extermination. Just think what will happen if we arm them.
How many of Obama’s “sons” kill each other on the streets of Chicago every weekend with some of the most restrictive gun laws in the country?
I thought that it was Baltimore that was currently the target of redneck ire. Has the Drudge network decided that it’s time to switch back to hating on Chicago?
What does the Drudge network have to do with black-on-black murder?
Texas should grow some balls and legalize hand grenades bazookas and mustard gas then we could have some real fun
And I really don’t know why my 6 yr old can’t take a gun to school either
Arizona is open carry. Lots of public events with open carriers. Mostly never much of a problem. Listening to the Gun Fearful, you would think there’d be blood running in the streets at these things. Nope, the problems are usually just with the criminals and there mostly killing each other.
A bunch of dumbasses strutting around with assault rifles is never good for the perception of gun rights. Idiots, to a man, and idiots should not play with dangerous toys, especially in public.
I’m not against gun ownership but maybe a college campus where teenagers are experimenting w booZe drugs and surging hormones and away from home for the first time isn’t the best place to start mixing in guns.
Lolas and Liberaces.
I’m seeing a lot more open carry in my AO. In principle I support their right, but in practice I think it’s a bad idea. Showing up for soccer practice with a .45 on your hip gets a lot of the soccer mom’s nervous for no good reason.
I wonder if the legislators who voted for this law also voted to allow open carriers into the capital building so they can watch legislative sessions? I bet not. It’s okay for everyone else to deal with these posers, but not themselves.
In the news yesterday cable providers continue to consolidate moving toward 3 large companies controlling everything
Another article said internet providers are at the bottom of customer satisfaction surveys and falling
Once you have a working oligopoly in area w a high barriers to entry there is no need to keep the customer happy or innovate or keep employees happy or lower prices.
In the news yesterday cable providers continue to consolidate moving toward 3 large companies controlling everything
Who needs cable?
Agreed. They can consolidate to a monopoly and charge a million bucks a month for all I care.
What gets me is people freak out about this, but have no problem with the patriot act.
Who needs cable?
The cable companies are the major internet providers in many areas. Of course, no one needs cable TV or access to the internet.
I suspect that google fibre will eat their lunch
“Once you have a working oligopoly in area w a high barriers to entry there is no need to keep the customer happy or innovate or keep employees happy or lower prices.”
Which is why Google Fiber is so important. It creates a needed alternative to the status quo. As far as I’m concerned, they can’t roll it out fast enough.
Are you missing out on the “further rate hike delay” asset price melt up?
The Fed
Fed likely to hike in September but there are good reasons to delay: Goldman Sachs
By Greg Robb
Published: June 2, 2015 3:46 p.m. ET
Strong case for waiting until 2016
Reuters
Federal Reserve Chairwoman Janet Yellen and her colleagues have an eye on rate hikes starting in September, Goldman Sachs said.
WASHINGTON (MarketWatch) — Goldman Sachs chief economist Jan Hatzius said Tuesday that he is sticking with his forecast that the Federal Reserve will raise interest rates in September although he said there are “persuasive” reasons for the U.S. central bank to wait until 2016.
“Our forecast remains that the Fed policy committee will hike rates at the September meeting, but …this remains a close call,” Hatzius said in a note to clients.
…
It will remain a close call for 20 years.
Deflation side
1. Technology - In the next 5 years automated driving cars will start to destroy a huge numbers of jobs.
2. Housing oversupply
3. Young people with no good paying jobs, no savings, not starting families, not buying homes, consolidating by moving in with friends or relatives.
4. Tax policy, labor policy, and trade policy that further concentrate wealth.
5. Further consolidation giving oligopoly like power in terms of pricing.
6. Globalization see TP P
7. Shifting of medical costs to middle class via taxes and co pays.
8. Piles of consumer debt.
9. Cut backs in local gov services - higher fees, fewer services. See Wi and Kansas
FED is at zero
1. Technology - In the next 5 years automated driving cars will start to destroy a huge numbers of jobs.
Just wait until a software bug causes a 1000 car pileup on the freeway.
I’m planning to stay off the roads as much as possible during the rollout phase of this New Era in automotive transportation.
I expect the driverless cars will be involved in far fewer accidents per mile driven than cars with drivers. I think that’s already the case with google’s experimental cars.
There will probably be calls to outlaw non-automated cars for safety as well as efficiency reasons.
Automated cars will destroy a huge number of jobs
Drivers
Manufacturing people will buy fewer cars
If safer repair medical
Roads will handle more cars so road building will decline
Deflationary forces r still strong
I expect the driverless cars will be involved in far fewer accidents per mile driven than cars with drivers. I think that’s already the case with google’s experimental cars.
I would expect that there would be fewer accidents per mile, that is until a catastrophic and unanticipated corner case is encountered, and that is when there will be a 1000 car pile up.
I was reading about some of the show stoppers google has encountered with their driverless cars. Most are related to the limitations of what the sensors can see and the limitations of their AI. An example given was say a plastic shopping bag blows across the road. A human driver will recognize that it’s just a plastic bag and ignore it. The google car cannot distinguish between the bag and and a real obstacle, which might cause it to swerve or panic stop, causing an unnecessary accident.
Something else to consider: Operating systems such as UNIX and Linux have been around for a long time. Their code is peer reviewed and tested like virtually no other code. And yet, they have bugs. UNIX and Linux do have “panics” (known to Windows users as the Blue Screen of Death) and they do crash.
Sure, the google cars will have watchdogs built in to reboot in case of a crash. But that won’t be instantaneous.
Anywho, I’m not saying that self driving cars will never happen, but I don’t think they are as imminent as some people here believe. The google cars are a great concept and prove that it is feasible. But there are still some obstacles remaining, and they aren’t trivial.
Bad economic news is “good news” when it comes to the timing of future rate hikes.
Market Pulse
No rapid bounce to U.S. growth in May: Beige Book
Published: June 3, 2015 2:02 p.m. ET
By Greg Robb
Senior economics reporter
WASHINGTON (MarketWatch) - There was no rapid rebound in U.S. economic activity after the tepid first quarter, according to the latest Federal Reserve report on economic conditions known as the Beige Book released on Wednesday. If anything, growth was more mixed in May than it had been in the prior report for March. Conditions were much more varied in the latest survey, which covers activity through May 22. Seven districts reported “moderate” or “modest” growth in May, the Fed said. Growth was seen as “slight” in Cleveland and Kansas City, “mixed” in Boston, “steady” in Atlanta and “slowing slightly” in Dallas, the report said. Oil and natural gas activity continued to decline in most districts, according to the survey. Many regions said the impact of the strong dollar was depressing manufacturing, but also holding down export sales and capital investment. Home construction was “flat to up” in most districts, the report said.
Rick Perry and other Texans like to brag about their pro-business free-market, no-income-tax state. Then the Legislature messes with the talking point.
Even Walmart’s deep pockets fail to overturn law forbidding publicly traded companies from selling liquor.?? Where is the supreme court on this one.
Tesla motors bill to allow direct sales never makes it out of committee nor a measure pushed by Uber Technologies to legalize ride booking statewide, or one championed by craft-beer makers who want to peddle bottles at their breweries.
Texas Gov. is there to protect entrenched interests that have paid their dues.
It’s the will of Jesus, you know.
Dumb question of the day:
At what point does yesterday’s intervention to put a floor under housing prices morph into tomorrow’s ceiling on home price appreciation?
It’s been determined that we can sell an infinite number of future generations into debt slavery… so never?
Channeling Lost in Space’s Dr. Smith:
“Oh, the pain!”
Bond Report
Treasury prices plummet again, following Europe’s bond rout
Published: June 3, 2015 11:47 a.m. ET
By Ellie Ismailidou
Markets reporter
Treasury prices plummeted Wednesday, sending yields up to their highest level since November, fueled by a meltdown in eurozone government bonds along with a strong U.S. private-sector jobs report.
Wednesday marked the third trading session in which bond markets were hit around the globe, as rising expectations for eurozone economic growth sparked selling that spilled over to the Treasury market. Bond yields rise when prices fall, and vice versa.
“The German bond market is driving the Treasury market and not the other way around — which is a huge shift that occurred only in the past month in the mechanics of how global rates markets operate,” said Zhiwei Ren, portfolio manager for Penn Mutual Asset Management.
On Wednesday, the European Central Bank lifted its 2015 inflation forecast to 0.3%, up from 0% in its March predictions.The news, along with comments from ECB President Mario Draghi that the central bank stands fully behind its stimulus efforts but that markets should “get used to periods of higher market volatility”, sent the euro climbing and 10-year bond yields around the eurozone rising between 14 and 17 basis points.
The yield on the 10-year benchmark German bond (TMBMKDE-10Y, +23.94%) known as the bund, gained 15.6 basis points to 0.848%, its highest level since Nov. 20, according to data from Tradeweb. The yield on the Spanish 10-year benchmark bond jumped 14 basis points in less than an hour to 2.13%.
Disney’s hiring!! (foreign workers and laying off American workers)
http://www.orlandoweekly.com/Blogs/archives/2015/06/03/250-walt-disney-world-tech-employees-replaced-by-contract-workers-brought-in-from-other-countries
I went to Disney Land two years ago and will NEVER return. Big waste of time and money. More time in line than on any ride. Boooooooooo!
Happiest place on earth my a$$.
Bro, just ask.
Senator: Use RICO Laws to Prosecute Global Warming Skeptics
By MARK HEMINGWAY
1:45 PM, Jun 2, 2015
Writing in the Washington Post, Sheldon Whitehouse, a Democratic Senator from Rhode Island, offered a curious suggestion for dealing with global warming skeptics:
In 2006, Judge Gladys Kessler of the U.S. District Court for the District of Columbia decided that the tobacco companies’ fraudulent campaign amounted to a racketeering enterprise. According to the court: “Defendants coordinated significant aspects of their public relations, scientific, legal, and marketing activity in furtherance of a shared objective — to . . . maximize industry profits by preserving and expanding the market for cigarettes through a scheme to deceive the public.”
The parallels between what the tobacco industry did and what the fossil fuel industry is doing now are striking. … The coordinated tactics of the climate denial network, Brulle’s report states, “span a wide range of activities, including political lobbying, contributions to political candidates, and a large number of communication and media efforts that aim at undermining climate science.” Compare that again to the findings in the tobacco case.
The tobacco industry was proved to have conducted research that showed the direct opposite of what the industry stated publicly — namely, that tobacco use had serious health effects. Civil discovery would reveal whether and to what extent the fossil fuel industry has crossed this same line. We do know that it has funded research that — to its benefit — directly contradicts the vast majority of peer-reviewed climate science. One scientist who consistently published papers downplaying the role of carbon emissions in climate change, Willie Soon, reportedly received more than half of his funding from oil and electric utility interests: more than $1.2 million.
To be clear: I don’t know whether the fossil fuel industry and its allies engaged in the same kind of racketeering activity as the tobacco industry. We don’t have enough information to make that conclusion. Perhaps it’s all smoke and no fire. But there’s an awful lot of smoke.
That’s right — a sitting U.S. Senator is suggesting using RICO laws should be applied to global warming skeptics. Courts have been defining RICO down for some time and in ways that aren’t particularly helpful. In 1994, the Supreme Court ruled RICO statutes could be applied to pro-life activists on the grounds that interstate commerce can be affected even when the organization being targeted doesn’t have economic motives.
http://www.weeklystandard.com/…ggests-using-rico-laws-global-warming-skeptics_963007.html - 99k -
How about using RICO to go after the Fed and Wall Street?
Aha! Now we know why Shell and BP are giving up the ghost on climate change denial. Not the threat of Nuremberg trials, just the old RICO statutes. I wonder if their propagandists will get theirs too?
Don’t worry phony, you can hide out in my garage. It’s got electricity, and we can run a hose out there, maybe even get you a mini-fridge.
What do you think, phony? Ten to one, they’re coming to get you. There’s probably a helicopter over your house right now…
Sorry Oddie
Your Nazi Senator from Rhode Island dreams aren’t going to come true.
But much like one of your kind hearted liberal buds on this blog who got excited by the thought of a “Teabagger” neighborhood being taken out by a military strike your reaction to this is also quite telling.
I offered you a hideout, what more do you want? Maybe we can run cable out there. You can pick up my wifi if the garage door is open.
Hell Odie
They couldn’t get me anyway, I live in South Florida and there is 2 feet of water in everybody’s living room every time it rains due to climate change.
Just ask President Obama.
LMAO
Careful. That’s RICO-land talk. The big boys are already walking it back, covering their cracks. Don’t get left out in the cold, they’ll sacrifice the little guys like you for political points, and just for yuks.
I’m looking out for you, bro.
Are the central planners losing control?
http://wolfstreet.com/2015/06/03/euro-bond-market-rout-spirals-out-of-ecbs-control/
Another maintenance issue will be conveniently fixed at no charge while I’m busy earning $. A pinhole leak in a copper pipe on the wall by the shower. The only inconvenience is I have to lock up my hard drives and carry three boxes of personal papers in my car for a couple days while the maintenance guys get it fixed. They had to rip out sections of two adjacent walls. This afternoon they put a temporary fix on the pipe but tomorrow will do the real repair. They have a fan blowing on the area to dry it out. Leak went through the floor and into the neighbor’s ceiling below. This is the first for my particular apartment but it happened in one or two others of this complex. So they know how to fix it.
Now…if I was a homeowner, I would be paying.
While they fix it, I will get a minor repair done on my stove.
Renting is freedom.
My landlord just brought me a brand new refrigerator…
Awesome! I’m enjoying a dishwasher installed brand new last year at the landlord’s expense.
We’re in the same situation. Praise the Lawd for generous landlords who shoulder the burden of costly home repairs for their deserving tenants!
phony scandals