Bits Bucket for August 29, 2015
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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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Helllooo, Sad Pandas
Hello, Golden Chainsaw. Welcome the HBB, where I am always right. Welcome!
Bothell, WA Housing Prices Crater 5% YoY
http://www.zillow.com/bothell-wa-98011/home-values/
5% is hardly a crater. Not even a divot. Peak selling season is over for the year. We had a non-winter so the beginning of house-selling actually started in late February this year.
And a long way to fall my friend. A very long way to fall.
You’re not my friend.
You’re my good friend. I’m here to help you.
Hardly a divot? 19 more divots and the house is worth zero. Math, much?
You guys need to sacrifice your savings interest so more food stamp checks can be cut and corporations can continue to borrow to buyback stock and cash out stock options.
And the fools will complain about wealth disparity.
Professional Victims
Urban Dictionary: “The professional victim cannot take responsibility for his or her own shortcomings and life failures, so they claim to be a victim of circumstance and/or other people.”
It is not a personal choice, God has a plan for you.
“You guys need to sacrifice your savings interest so more food stamp checks can be cut”
Make sure those food stamp checks go to the right hood.
LiveLeak.com - Couple Beat a Girl for Being in the Wrong ‘Hood
http://www.liveleak.com/view?i=beb_1440694490 - 69k - Cached - Similar pages
1 day ago …
It’s the Daily Black Crime Report,
The Daily Black Crime Report,
Start your day the old-fashioned way,
With the Daily Black Crime Report,
(They’re coming to get us!)
The Daily Black Crime Report,
(Unless you vote with us!)
It’s The Daily Back Crime Report!
And now, the host of Daily Black Crime Report, the man who can’t wait to bait…Heeeeeeeere’s Phony!
High praise coming from Oddfellow the masterbaiter.
Heyooo!
You guys need to sacrifice your savings interest so more food stamp checks can be cut and corporations can continue to borrow to buyback stock and cash out stock options.
With their votes for Obama, McCain, and Romney, ‘Muricans did just that - gave the Wall Street-Federal Reserve Looting Syndicate free rein to steal trillions from savers and retirees to feed Wall Street’s rigged casino.
With their votes for Obama, McCain, and Romney, ‘Muricans did just that - gave the Wall Street-Federal Reserve Looting Syndicate free rein to steal trillions from savers and retirees to feed Wall Street’s rigged casino.
Every single day a post similar to this one appears with the same verbiage and writing style. Are you running a script, like a chatbot?
No. I’m just calling out retards for being retards. Maybe next time they vote, they’ll think twice before voting for Oligopoly enablers like HillaryJeb that are going to faciliate the .1% bilking the 99% out of trillions.
I will stop saving when the average Adult in America (citizen or not) has saved up two years worth of living expenses in a combination of cash, t bills, two year notes, crypto currency, silver, platinum, and gold.
When it all comes crashing down, the “average American” is going to look at what you have, then elect “representatives” who will take it from you for “fairness” and “sharing the wealth.”
so much irrational fear
You have nothing to fear. Pull yourself together and stop cowering. Falling prices to dramatically lower and more affordable levels positively bullish and good for your economy.
It isn’t fear. It’s human nature to want to vote yourself benefits someone else will pay for. Read Tacitus or some of the other Roman historians and see how well it worked out for Rome once they had an imperial empire coupled with ever-growing corruption, debauchery, and a collapse of public and private morality.
That is why buried cash is the ultimate.
sacrifice your savings interest
What is this “interest” of which you speak? It sounds vaguely familiar—but I can’t quite place it.
the solution is to let welfare recipients make their own decision.
the easiest way is not to be abusive and force people to work or invade their privacy by taking drug tests…nope just make them sit in class 15-20 hours a week and learn to read ,write and speak English…..they will drop like flies
No English NO EBT card
have we ever had a stock bubble, bond bubble and real estate bubble all at the same time?
If things are so great would treasuries yields be a lot higher as people took more risk?
Why is there a flight to safety and a flight to risk at the same time?
Bernako/Yelling magic?
All those bubbles are supported by suppressing interest rates available on savings. But who cares if Granny’s low CD interest earnings force her to regularly dine on Alpo, so long as the Fed’s dreaded deflation remains in check?
Treasury can’t afford to pay out honest cost of living increases, as reflected by honest measures like the Chapwood Index (which currently pegs real inflation at around 9.7%), so they use the fraudulent CPI instead. So what if it throws granny and savers under the bus - the top .1% are making bank like never before. Best of all, 95% of ‘Muricans continue to vote for maintaining the Fed-Wall Street ripoff of the 99%.
Inflation in things you need, not what you want, and not in your wages, but they still are thinking rate hikes?
http://finance.yahoo.com/news/feds-fischer-sees-inflation-rebound-194927100.html
Hike the rates and that puts the clincher on any borrowing at all. Wasn’t the whole idea of QE to trick the gullible into borrowing? And they did not borrow enough. So now they are telling us they will raise the rates?
I don’t expect rate hikes for another few years. I think it’s just gibberish from the Fed. I expect as a consequence, precious metals prices will stay flat or make further gradual price drops into the triple digits.
Precious metals prices tend to follow the interest rates.
“Falling prices drag on China July industrial profits”
http://www.reuters.com/article/2015/08/28/china-economy-industry-idUSL4N1131BP20150828
Collapsing demand, massive excess supply. Sound familiar?
“Welcome to the End of the Financial Bubble”
http://www.newsmax.com/Finance/DavidStockman/fed-stock-rates-investor/2015/08/24/id/671698/
‘Do not buy this dip, even the crater now forming.’
‘When in response the gamblers make their eighth run at buying a dip that is now rapidly turning into a crater, it will be an excellent time to sell anything in the casino that isn’t nailed down.’
Newsmax? Really? You’re too intelligent to link to that cr@psite, it’s beneath you.
lol@Lola
Sung to the tune of “King of Pain” by the Police:
There’s a little brown streak on my monitor today…
Pull yourself up out of that sewer Lola.
Newsmax is a sensationalist neo-con site, but David Stockman is one of the very few brilliant commentators speaking truth to power.
David Stockman is an economic idiot, and should be thoroughly condemned for inventing the supply-side, “trickle down” nonsense first promulgated by Reagan. Stockman’s dead-wrong economic ideas are responsible for trillions of dollars worth of debt in this country when Bush and Congress implemented his wrong-headed ideas.
‘Democrats are constantly “blaming” Reagan for what’s become known as trickle-down economics. This newspaper had an article on Elizabeth Warren speaking Saturday at the California Democratic Convention in Anaheim. She repeated the talking point by saying, “Trickle-down economics was nothing more than political cover for helping the rich and powerful get richer and more powerful.”
‘She and the Democratic Party seem to have conveniently forgotten that Reagan didn’t “invent” this. Just like they had always been against the Iraq war, forgetting that nearly all of them voted for it.’
‘The first I heard that reducing taxes on the rich causes more jobs for the middle class and actually increases the amount of tax revenue was in a speech by the late, very liberal Democrat from Minnesota, Hubert H. Humphrey. The next time was from John F. Kennedy. Finally we heard it from Reagan. All three were instrumental in lowering taxes and each time we received more tax revenue because of it. Back then we had a thriving middle class, something that’s pretty much disappeared under our great unifier who has proved more to be the great divider.’
“Trickle-down economics“, also referred to as “trickle-down theory”, is the theory that economic benefits provided to upper income level earners will help society as a whole. In theory their extra wealth will be spent into the economy, providing wealth for lower income earners and creating jobs. This wealth in turn is spent back into the economy. The term originated in United States politics.[1][2]:27-28 It has been attributed to humorist Will Rogers, who said during the Great Depression that “money was all appropriated for the top in hopes that it would trickle down to the needy.”[3]
‘Economist Thomas Sowell has made the case[4] that no economist has ever advocated a “trickle-down” theory of economics, which is rather a misnomer attributed to certain economic ideas by political critics who either willfully distort or misunderstand the actual stated goals of their political opponents.[5]‘
‘In more recent history, the phrase is most closely identified with critics of the economic policies known as “Reaganomics” or laissez-faire. David Stockman, who as Reagan’s budget director championed Reagan’s tax cuts at first, but then became critical of them, told journalist William Greider that the “supply-side economics” is the trickle-down idea: “It’s kind of hard to sell ‘trickle down,’ so the supply-side formula was the only way to get a tax policy that was really ‘trickle down.’ Supply-side is ‘trickle-down’ theory.”[6][7] Political opponents of the Reagan administration soon seized on this language in an effort to brand the administration as caring only about the wealthy.’
Hmmm, WPA it sounds like it might have originated with Roosevelt.
‘It has been attributed to humorist Will Rogers, who said during the Great Depression that “money was all appropriated for the top in hopes that it would trickle down to the needy.”
Selling the ‘Supply-Side’ Myth
“Any rational assessment of America’s economic troubles would identify Ronald Reagan’s reckless “supply-side” economics as a chief culprit, but that hasn’t stopped Republican presidential hopefuls, led by Newt Gingrich, from selling this discredited theory to a gullible GOP base, reports Robert Parry.”
“Gingrich even boasts of his role in pioneering these theories of massive tax cuts favoring the rich, combined with sharp reductions in the role of government. That approach, once famously mocked by George H.W. Bush as “voodoo economics,” was supposed to spur businesses to expand production (the “supply side”), thus creating jobs and boosting revenues from all the commercial activity.
“”I worked with Ronald Reagan to develop supply-side economics in the late ’70s, along with Jack Kemp and Art Laffer and Jude Wanniski and others,”” Gingrich declared at a recent town hall event. “We ended up passing it into law in ’81. At the time it was very bold. People called it ‘voodoo economics.’ It had one great virtue: it worked.””
“After George W. Bush claimed the White House in 2001, “supply-side” dogma was back in vogue. Bush pushed through more tax cuts mostly for the rich, reducing the top marginal rate to 35 percent and creating an even bigger tax break for investors, cutting the capital gains rate to 15 percent. Combined with Bush’s two wars and other policies, the surplus soon disappeared and was replaced by another yawning deficit.”
“…the failure of Reagan’s economic strategy should be obvious to anyone who is not fully deluded by right-wing propaganda. Not only has the national debt skyrocketed over the past three decades, but whatever economic benefits that have been produced have gone overwhelmingly to the wealthy – while the nation as a whole has suffered.”
My belief, true or false, is that trickle down economics is that as the upper classes secure more funds, they buy more goods, which creates jobs for the lower classes.
In other words , they build mansions, and, with the building of those mansions hire the servants to coddle them in their lives.
I used to tell the Democrats that the world requires the wealthy to maintain money in the banks that the needy can borrow to secure their needs.
Lola, Lola, Lola….
100 millionaires spend a lot more than a singlge $100millionare. that is the point.
“Inequality for all,” have you watched it yet? If you did you would get it.
The Oligopoly is trickling something on the 99%, but it ain’t rain.
Drudge says Cheney’s new book UNLEASHED!
Oh, and who cares what Cheney says? Is he still saying Saddam had nukes?
Yesterday on the radio, John McCain came on and said we had to kill ISIS, and that means “boots on the ground.”
Look McCain, first you couldn’t do a push up if your life depended on in. And there ain’t nobody else going to kill ISIS for you. These neocons still think it’s 2003. Jeebus, fix the dang roads McCain!
‘Dick Cheney’s staggering Iran hypocrisy’
‘The question is not, why now?” the Times quoted someone who by description could be Cheney or Rice, among others. ”The question is why waiting is better. The closer Saddam Hussein gets to a nuclear weapon, the harder he will be to deal with,” the anonymous top Bush official said, kicking off a campaign that would lead to a catastrophic war that has only increased instability in the Middle East, leading to the rise of ISIS and other problems the U.S. still struggles to deal with.’
http://www.salon.com/2015/08/28/dick_cheneys_staggering_iran_hypocrisy_why_we_need_to_ignore_his_sinister_war_games_at_all_costs/?utm_source=twitter&utm_medium=socialflow
Worst President in our History…A criminal really…
Which one…Dick Cheney?
Both…
Why is he worse than the current drone ordering criminal?
Why is he worse than the current drone ordering criminal ??
Maybe you should ask the family members of these people for the answer;
For troops in the U.S.-led multinational coalition, the death toll is carefully tracked and updated daily, and the names and photographs of those killed in action as well as in accidents have been published widely. A total of 4,491 U.S. service members were killed in Iraq between 2003 and 2014
Why is he worse than the current drone ordering criminal?
As a war-fighting implement, you can’t beat the cost effectiveness of a drone. They are relatively cheap and don’t put U.S. lives at risk. Sure, drone operators make mistakes and there is collateral damage, but war by definition is messy and non-surgical. As we’ve seen, boots on the ground invasions are no less messy and cause civilian casualties as well.
How many billions have Obama Goons and ambulance chasers stolen from US taxpayers?
Agree with WPA on this one. Drones can go where patrols or strike forces can’t.
“…fix the dang roads McCain!”
The high cost of endless war in the Middle East provides a convenient excuse for potholes.
Now that the planet is so awash in a sea of cheap oil that central bankers are in a panic over potential deflation, is there still the same need to occupy Mess’o'potamia as there was back in the yellow cake uranium days?
is there still the same need to occupy Mess’o’potamia
Oil has faded as a motivator. Now it’s a 6-letter word that starts with the letter “I”.
“Oil has faded as a motivator.”
It was an excuse… always was.
Will 2ban buy his book?
Lurch tries to pick It’s ‘gender pronoun’
http://www.youtube.com/watch?v=mKVfhZoFKX8 - 164k -
University asks students to pick ‘gender pronoun’ at freshman orientation
“I went to orientation with high hopes that it wasn’t as bad as it sounded, but I was wrong,” says student
by Emily Jashinsky | YAF | August 28, 2015
At American University’s freshmen orientation, students were instructed to introduce themselves by name, hometown, and “gender pronoun.”
That’s right, orientation leaders welcomed freshmen to campus by asking them to participate in the radically progressive ritual of informing new people of which gender they “identify” as.
When AU freshman Tristan Justice, a Young Americans for Freedom leader, questioned this instruction, his orientation leader responded, “Here at AU, we don’t like to make assumptions about people’s gender.”
Justice told The New Guard, “Despite being informed that American University was a very liberal campus, I went to orientation with high hopes that it wasn’t as bad as it sounded, but I was wrong.”
I’m surprised the High Priests and Priestesses of PC running this lunatic asylum haven’t changed the name from American University - you know, ’cause America was founded by evil genocidal white slaveowners - to “Havana North” or some such thing.
We Stole It Fair and Square Land University?
Gender? I identify as a voluntaryist. Being focused on the morality of the nonaggression principle keeps you feeling like a visitor from a different planet. Saw a post on a voluntaryist page on FB this morning that said as much.
Seems like picking your own gender pronoun is the essence of ‘voluntaryism’, or, for that matter, ‘freedom’.
Sorry, Mother Nature picked your gender at conception. If you got confused along the way, your basic X or Y chromosomes are what determine your gender. It’s really pretty straightforward.
“It’s really pretty straightforward.”
I agree. They are voluntarily using their freedom to choose their gender pronoun. They are liberty-loving voluntarists.
One part about freedom that I think a lot of people don’t get is that some people will exercise their freedom in ways one may not like. But as long as no one is being hurt, those offending you are doing nothing wrong, other than using their liberty to pursue their happiness.
Oddfellow, I got forewarned about people changing themselves in ways that I would not think of or be comfortable with by reading a lot of Robert A Heinlein’s books.
In college in the early 80s I had classes with a punk rocker who would have a spiked mohawk. Now I’m used to getting coffee at Peet’s and meeting cashiers with nose rings and tats.
Oh well. I don’t like mutilation nor tats, but I am a sci fi fan and love diversity.
“One part about freedom that I think a lot of people don’t get is that some people will exercise their freedom in ways one may not like. But as long as no one is being hurt, those offending you are doing nothing wrong,”
Why this is just like your position on the Confederate flag.
Oh wait, your position on the Confederate flag was more like…
Confederate flag apologists are all racist a-holes
by
PalMD
Sun Jul 19, 2015 at 11:54 AM PDT
I’m fairly sure anyone reading this pretty much thinks the Confederate flag is a symbol of hate worthy only of ridicule. Much of that ridicule has unfortunately gone toward stereotyping Confederate flag supporters as toothless, incestuous bumpkins.
While I don’t doubt that some Flag Racists may suffer from various disorders related to consanguinity, most go to work every day, sit on city councils, run for president, and yes, some wade in the shallow end of the gene pool. But most are just like you and me—except really, really racist.
Some suffer simply from what I’ve in the past called the “incredulity of privilege”, where your position in society blinds you to the experiences of everyone who doesn’t share your advantage. And a lot of it is just straight up hate.
I’m still trying to find a catchy name for Confederate flag wavers, but it isn’t easy. I was thinking “wretched, hate-filled traitorous douchebag” but it’s not very catchy. Then I thought about “rebel” but that doesn’t seem to put any moral weight behind it. I suppose I’ll have to settle for “racist”. Let’s examine some the the flag-apologist phraseology and where it isn’t simply overtly racist, dissect it a bit.
http://www.dailykos.com/…/19/1403696/-Confederate-flag-apologists-are-all-racist-a-holes - 97k -
Good heavens, A flag is a piece of cloth with a message applied to it, or in it.
It is neither good or bad.
In fact it is a good example of free speech that should be protected.
If you can fly a Rainbow flag, or a Black Unity flag, then a Confederate Flag should not be scorned
Political correctness in not politically correct!
I have no problem with morons displaying the confederate flag, it’s a good way for them to self-identify to the rest of us that they are probably dangerous, ignorant, and hateful.
I did have a problem with the flag flying over government buildings though. I’m glad they were finally brought down, half a century after their being raised to signify some states’ opposition to freedom and liberty for all.
One part about freedom that I think a lot of people don’t get is that some people will exercise their freedom in ways one may not like. But as long as no one is being hurt, those offending you are doing nothing wrong, other than using their liberty to pursue their happiness.
Well said.
Actually I am confident that none of us here on HBB initiated force before the age of 18. That is the legal age of voting.
In essence we have lived the voluntaryist philosophy so long as we have not voted. We voluntarily associated and did not use agents to initiate force against others.
In fact, there are people who advocate small government or big government yet do not vote, I’m sure. Even those people, as long as they do not initiate force or have an agent do so, are voluntaryists. Ironically there are statists who tell you they cannot stand libertarians / voluntarists, yet they practice the same philosophy! As long as they do not vote.
That’s my plug for volunteerism.
Do the students have to pick one out of the dictionary, or can they make one up themselves?
Is there any way to know whether asset prices are rising artificially, due to the heavy hand of government intervention, rather than through normal trading activity?
A lot of it has to do with the loss of purchasing power due to the Fed’s deranged money-printing. This means more printing-press funny money chasing after tangible goods. In addition, since QE-to-infinity has been showered exclusively on the Fed’s Primary Dealers, aka it’s oligarch partners in crime, high-end assets like art and classic cars have soared in recent years.
News: Dow Jones
ASIA MARKETS: China Stocks Surge Amid Suspected Government Buying
08/28/15 07:33 AM EDT
By Chao Deng
Shanghai index down nearly 12% in August
Chinese stocks surged for two straight trading days amid suspected government buying, but plunges Monday and Tuesday left the market down nearly 8% for the week.
China’s domestic market became the epicenter of a global selloff, with a five-session crash starting last Thursday triggering steep losses in U.S. and European stocks. Rumors of Beijing’s hand in the market reversed the selling by Thursday, which helped support global shares prices, commodities, and currencies of emerging markets that had been battered.
The Shanghai Composite Index fell for second-straight week and posted a third month of declines, falling 11.8% in August. Hong Kong’s Hang Seng Index lost 12.3% this month, its worst monthly performance since September 2011.
To quiet worries about its slowing growth, Beijing took several easing measures this week to get its economy back in gear, including an interest-rate cut and liquidity injections. The move follows a decision earlier this month to devalue the yuan, which could make exports more competitive, as China struggles to meet its growth target of about 7% for the year.
While Beijing’s measures helped lift global markets, it wasn’t until Thursday that suspicions of government intervention drove the Shanghai Composite up more than 5%.
The momentum then extended into Friday with government appearing to buy again–Shanghai closed up 4.8% at 3,232.35.
…
Wild Week On Wall Street
By Adam Sarhan
August 28, 2015 3:36PM
It was a historic and very wild week on Wall Street, with record point moves (up and down) almost every day of the week. Typically, massive sell-offs do not recover overnight. Additionally, massive selloffs, followed by record volatility, leads to lower, not higher prices - especially when they occur in aging bull markets. Right now, nearly every major market around the world is trading like a penny stock (wild percent swings - up and down), and that typically bodes poorly for stocks. The only wild card remains the Fed and other government intervention. In the short term, the market bounced from extremely oversold levels and it was impressive to see the bulls help the major indices close “up” on the week. Remember, the Fed has put on the perfect hedge by saying they are data dependent: If the data improves, it gives them the option to raise rates, and if the data deteriorates (present situation) they can easily justify another round of QE. The problem is that even with rates at zero and other central banks printing money, global economic demand remains lackluster at best. So the Fed’s conundrum is that Main Street is barely growing, even with rates at zero. At this point, markets around the world are clearly forecasting another global recession and notwithinstanding more Fed easing, the path of least resistance is lower for stocks. Defense is king until the S&P 500 trades above 2040. Defense is king until further notice.
…
How do we know it’s not the normal trading activity of a few multibillionaires that collectively decide the fate of just about everything nowadays?
Is a any wonder most of the Boomerang Generation end up living back with mom and dad, when our NEA collectivist indoctrination centers formerly known as schools are staffed by worthless clock-watchers?
http://news.yahoo.com/teacher-111-times-says-eating-breakfast-164923221.html
You want to hear something really very sad. There are many schools who send kids home on the weekends with backpacks with meals and snacks for the weekend because they know they won’t get them at home. Many many places have programs like this. Very very sad. Even thinking about it and some poor kid not having food to eat IN THIS COUNTRY just chokes me up. Weekend backpacks of food.
Even thinking about it and some poor kid not having food to eat IN THIS COUNTRY just chokes me up.
Maybe they shouldn’t be sending them home at all to parents not capable of providing a safe environment for them. Did you ever consider that? Band-aids. God, we love to ignore the actual problem and put a band-aid on something.
“There are many schools who send kids home on the weekends with backpacks with meals and snacks for the weekend because they know they won’t get them at home.”
Sounds like prepared food, not what a future astronaut needs.
They have food at home, but their parents will take the free stuff if they can get it.
Let’s see how the MSM spins this. “Gun violence” no doubt, as if the gun acted of its own volition. The fraying of the social fabric in this country seems to be getting worse by the day. An honest debate on cause and effect seems long overdue.
http://www.breitbart.com/texas/2015/08/28/texas-deputy-executed-days-after-black-radical-group-calls-for-killing-cops/
If you guys want to talk about black people, stormfront.com will put you in the company of like minded individuals. You may even get to chat with George Zimmerman.
“If you guys want to talk about black people, stormfront.com will put you in the company of like minded individuals.”
If you want to help black people perhaps you could convince the liberals who live in their Lilly White neighborhoods to talk to their race baiting elected officials and the MSM about addressing the very real problems that occur in black communities across the country on a daily basis but never seems to be the topic of common sense anything reform.
Two confirmed dead in West Palm drive-by shooting
5:56 p.m. Wednesday, Aug. 26, 2015 | Filed in: Central PBC
WEST PALM BEACH — It was all too familiar a scene to Vernell Strachan as she stared past flashing police lights and yellow tape at the place where two male teenagers were shot to death in broad daylight Wednesday afternoon.
They were West Palm Beach’s eighth and ninth shooting victims this summer. Her 20-year-old nephew, fatally shot in almost the same place on 19th Street near Tamarind Avenue, had been No. 6 one month ago.
The two had been walking on 19th Street when an unidentified person pulled up beside them and opened fire on them and two other juveniles, who were injured and taken to a hospital, said Ricky Aiken, who was at the scene Wednesday and said he is friend to one of the victims.
The slayings lifted the city’s homicide toll for the year to 14 and Palm Beach County’s to 62, according to a Palm Beach Post homicide database.
“It’s just too much violence in this neighborhood,” said Strachan, who lost Tyrell Alexander on July 24. “People try to make the neighborhood safer, but they just make it worse.”
One of the teens shot Wednesday, an adult, died at the scene. A juvenile was rushed to a hospital, where he died. The other two juveniles have non-life threatening injuries, Colombino said.
City police said in July that they suspected most of the gunmen were young men. Strachan said it’s time their parents took a stand.
“The thing is, as parents, we need to speak up,” Strachan said. “These are kids picking up guns and they’re shooting each other in retaliation. It needs to end.”
http://www.palmbeachpost.com/…/police-more-than-one-injured-in-west-palm-beach-sh/nnRYF/ - 282k -
If you guys want to talk about black people, stormfront.com will put you in the company of like minded individuals.
Sorry, AmazingRuss, forgot how mentally circumscribed you liberals are. This isn’t about “black people”: it’s about a dangerously polarized country and a social fabric that is unraveling. We can argue about cause and effect, and yes, black people have some legitimate grievances against The Man, especially cops, though that is never a justification for targeted murder. Worsening race relations and more unhinged people going off the rails - of whatever color/creed/religion/motive - are ominous developments and widening fault lines.
Candid discussion of those topics should not be consigned to “Stormfront” because lib-tards like you deem such subjects verbotten for public discourse. If I was considering buying a house or condo in an urban area, you better believe I want a good understanding of the environment I’m going to be inhabiting and any dangerous trends that could impact both my home price and personal safety of me and my family.
Yet every post mysteriously begins with “black people”, and goes on to describe in detail how horrible they are. I don’t care if you’re a racist, but OWN it, FFS. Your self delusion approaches Abq Dan levels.
Join the nice folks at storm front. You have so much to chat about. This discussion is in no way relevant to housing.
Stormfront is a vile site frequented by vile people, just like HuffPo is a willfully delusional liberal la-la land. I wouldn’t visit either one. I’d get ejected from both in pretty short order, since my tolerance for stupid, igorant cretins, never high, is at an all-time low.
Don’t you eyeball the Man. He’ll teach you about freedom!
This Black Driver’s Mistake Was Looking a Police Officer in the Eye
…But why, Felton wanted to know, had the officer decided to follow him in the first place? That’s when the stop went from being an ordinary illustration of racial profiling to an extraordinary one.
“You made direct eye contact with me and held onto it when I was passing you,” the officer told Fenton. The implication was that Fenton had marked himself as a suspicious character simply by looking at the officer.
Making eye contact with cops was also what set off a chase in Baltimore
that ended with Freddie Gray sustaining fatal injuries in the back of a van.
http://www.slate.com/blogs/the_slatest/2015/08/28/ohio_driver_john_felton_was_tailed_by_police_after_making_direct_eye_contact.html
The question that should be put to opponents of police is this:
If the criminal is holding a gun to your wife’s, child’s, or parent’s head, should the police shoot the criminal before, or after, the criminal shoots the person being threatened?
I never seem to get an answer to that question from a politician.
If the criminal is holding a gun to your wife’s, child’s, or parent’s head, should the police shoot the criminal before, or after, the criminal shoots the person being threatened?
Uhh, the police shouldn’t take a shot where there’s a high risk of hitting an innocent person. Very few people could make such a shot under stress, and I don’t think your average policeman is in that group.
Which slowing economy is a bigger concern for the U.S.?
1. China
2. Canada
3. Other
4. None
5. Party on, dudes!
Answer: 4 and 5
4. Mexico. Oil revenues account for most of their budget, and the steep price drop since June, coupled with the depreciation of the peso, seems likely to result in a downward economic spiral. Which means more crime, more violence, and more migrants headed north.
Monkey Cage
This is why you shouldn’t blame China for the havoc in the markets
By Sarah Bauerle Danzman and Kindred Winecoff
August 27, 2015
An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, August 25, 2015. REUTERS/Aly Song
…
The problem, in short, is not China. The problem is the global economy itself.
Global growth is slowing. Stock markets can fluctuate for multiple reasons, but the distress across a range of markets is concerning. Rapid declines in key commodities such as copper, aluminum and oil reflect weakening global demand. As investors worry increasingly about world growth prospects, safe haven currencies such as the U.S. dollar, the euro, the yen and the Swiss franc continue to appreciate. Emerging economies are trapped in low or negative growth. The Brazilian economy is poised for its worst performance in 25 years, with a negative growth rate forecast around 2 percent and inflation close to 10 percent. Argentina is also in recession. Turkey, South Africa, Russia and Indonesia all also face low growth and high debt levels.
China’s numbers cannot be trusted, but keen observers such as Michael Pettis and Christopher Balding believe that its growth has slowed significantly. China’s recent currency “devaluation” was only relative to the U.S. dollar, which has appreciated significantly this year; China was just unwilling to keep riding the dollar upward given the country’s overall economic weakness. Europe still hasn’t recovered from its rolling debt crises — the botched negotiations with Greece were worrying, as is the absence of a signal from the European Central Bank (ECB) or major E.U. governments that any growth-supporting stimulus is coming — and growth in the United States is tepid at best and possibly weakening.
…
Uh-oh, Canada. China Pales as a Risk to U.S. Growth
The U.S. neighbor to the North could cool off momentum
Jeanna Smialek
August 28, 2015 — 1:40 PM PDT
Canada probably experienced a technical recession in the first half of 2015, and the fact that the No. 1 U.S. export market is in a slump could spell bad news for growth in the world’s biggest economy.
Canada’s gross domestic product contracted for a second quarter in the three months through June, a Sept. 1 report will show, according to almost all economists in a Bloomberg survey. The economy probably shrank by 1 percent, even worse than the 0.6 percent first-quarter drop.
“When Canada hurts, U.S. exporters do, too,” Bricklin Dwyer, an economist at BNP Paribas in New York, wrote in an Aug. 27 note to clients titled “Canada (not China) matters more.”
Economy-watchers and investors have been spooked by fears of a worse-than-expected Chinese slowdown after the nation devalued its currency Aug. 11 in a surprise move. Yet the direct effects on U.S. trade from slowing Chinese growth and the yuan move are probably fairly contained — far more so than the potential fallout from faltering Canadian demand.
Canada counts for 19 percent of total U.S. exports, followed by Mexico at 16 percent, each more than double China’s 7 percent share. And the Canadian dollar is sliding much faster: It has fallen about 12 percent against the U.S. dollar since the start of the year, while China’s yuan has dropped just about 3 percent.
“The Canadian dollar has depreciated sharply against the USD by multiples of what we have seen” from China, Dwyer wrote.
…
Trouble in Canadia?
I wonder how their house prices are faring.
dark-complexioned lives matter
“Police described the suspect as a dark-complexioned male who is believed to be between 20 and 25 years old,”
Deputy fatally shot from behind at Houston gas station
Associated Press
1 hour ago
HOUSTON (AP) — A sheriff’s deputy in uniform was fatally shot multiple times from behind while filling up his patrol car at a suburban Houston gas station and a manhunt for the suspect continued Saturday morning, according to authorities.
Deputy Darren Goforth, 47, was pumping gas into his vehicle about 8:30 p.m. Friday when a man approached him from behind and fired multiple shots, Harris County Sheriff’s Office spokesman Ryan Sullivan told The Associated Press. Once the deputy fell to the ground, the suspect fired more shots.
Police described the suspect as a dark-complexioned male who is believed to be between 20 and 25 years old, and stands about 5-foot-10 to 6-feet tall. He was wearing a white T-shirt and red shorts and driving a red or maroon pickup-style truck with an extended cab. Police said an intensive search for the suspect was ongoing Saturday morning.
No motive was determined for the shooting. Harris County Sheriff Ron Hickman said Goforth, who was a 10-year veteran of the force, had a wife and two children.
news.yahoo.com/…riffs-deputy-fatally-shot-houston-while-pumping-gas-043751950.html -
When do we get ban the rainbow flag and the black pride flag?
When will obama comment that someone involved could have been part of his family?
http://www.dailymail.co.uk/news/article-3212505/He-driving-like-maniac-YouTube-video-emerges-capturing-Virginia-gunman-Vester-Lee-Flanagan-July-road-rage-incident.html?ito=video_player_click
Big fan of Black Flag.
rise above…..
If I had a son, he wouldn’t look anything like Vester.
It’s The Daily Black Crime Report,
The Daily Black Crime Report,
Don’t be a cad,
Step up and lick that badge!
It’s the Daily Black Crime Report,
The Daily Black Crime Report,
The Daily Black Crime Report…
I am feeling a little woozy, I just got out of the Cone Of Uncertainty.
Erika Weakens Slightly, South Florida Out Of Cone Of Uncertainty
miami.cbslocal.com/…/ - 262k - Cached - Similar pages
1 hour ago
“Cone Of Uncertainty”
There’s a pill for that!
Obama’s New Climate Rules Will Hurt Poor, Minority Americans the Most
Obama admin continues clamp down on American power
by Nicolas Loris | Daily Signal | August 29, 2015
“We know that low-income, minority communities would be hardest hit.”
That’s Environmental Protection Agency Administrator Gina McCarthy, speaking about the higher energy prices that would result from the Obama administration’s recently announced climate regulations on power plants.
The Clean Power Plan, which will require drastic cuts in 47 states’ carbon dioxide emissions—consequently shifting America’s energy economy away from affordable, reliable coal—will adversely impact poor minority families the most.
McCarthy downplayed that fact by saying any minimal higher prices would be offset by implementing energy efficiency measures that would save consumers money in the long run.
In fact, as part of the regulation, the EPA “prioritizes early investment in energy efficiency projects in low-income communities by the federal government, awarding these projects double the number of credits in 2020 and 2021.”
Coal is to power generation as horses are to transportation. So. Last. Century.
“Coal is to power generation as horses are to transportation. So. Last. Century.”
Spoken like a useful idiot.
Billionaire George Soros warms up to coal as stock prices hit bottom
By Malia Zimmerman
Published August 19, 2015
FoxNews.com
Billionaire investor George Soros, who has demonized fossil fuels for years through his think tanks and political contributions, seems to have warmed up to Big Coal now that stocks are dirt cheap.
The left-wing hedge fund legend has raised eyebrows with major purchases of stock in two large coal companies, firms his critics say he helped bring to their knees. While buying low is the hallmark of any shrewd investor, buying coal goes against the political and environmental ideology Soros has long espoused.
“I find it very interesting that George Soros would buy shares in those coal companies,” said Daniel Simmons, vice president for Policy at the Washington DC-based free market energy group, Institute for Energy Research. “I am confused given the non profits he funds and how hard they have worked to demonize coal.”
Soros, whose Climate Policy Initiative think tank recently urged the world to stop using fossil fuels in general and coal in particular, snapped up 1 million shares of Peabody Energy and half a million shares of Arch Coal, giving him significant stakes in what’s left of the U.S. coal industry.
The trades would have cost Soros a lot more six years ago, when Peabody, which trades under the symbol BTU, was at about $90 a share. Under the Obama administration, which has punished the coal industry with costly mandates and regulation, Peabody shares have fallen to around $1.
Neither Soros nor his New York-based investment firm, Soros Fund Management, would comment on the coal play, citing a longstanding policy of not discussing investments.
http://www.foxnews.com/…/ - 468k -
And presumably Soros will reward Obama once the latter leaves office.
“I am confused given the non profits he funds and how hard they have worked to demonize coal.” said Daniel Simmons
Talk to your wife, Daniel. Money talks…
This is the job reality in Upstate NY. In my opinion there is a glut of Hotels in the US and the occupancy rate is very low. I notice this whenever I am travelling for work which is quite often. The low priced room rate confirms this observation. I have been seeing more Hotels being built and again in my opinion the math will not pencil out for these properties. This hotel failure is in the cards specially for multi story huge properties.
More than 800 seek to apply for 200 jobs at Hotel Syracuse
http://www.syracuse.com/business-news/index.ssf/2015/08/more_than_800_seek_to_apply_for_200_jobs_at_hotel_syracuse_1.html#incart_river
“there is a glut of Hotels in the US”
I agree. There seems to be a mini-hotel being built on every available parcel of land, kind of like how drug stores used to pop up like mushrooms on every corner.
Let’s not forget the competition from Airbnb. I have also noticed a lot of Donut franchises opening up around here. A new one opening about a mile from each other.
Of my high school crew, only one remains in Rochester. *ALL* of my wife’s friends left the Syracuse area — most for Boston, NYC, Mid-Atlantic, and a few to the Commie Coast.
I hear you Muggy. Rochester is considered a suburb of Syracuse
and what we have left is fats and tats. The politicians have been bringing in more Muslims, Africans and Middle Eastern immigrants. There are no jobs for this crowd and they do not fit into the local society. I see ethnic riots in this country in the future.
My MIL still lives there. She’s thinking of moving to Florida.
I know 3 families moving to FL this year and 2 moved to SC. There seems to be a migration south from NYS in my opinion.
NYS is a LIEberal nirvana. No jobs, a dead economy, crushing taxes to support massive public salaries(civil service unions) and worst of all…. truly a police state. If the unions don’t shake you down, the criminals and cops will.
Not to mention the heating bills!
A Bernie Sanders fan in Wisconsin independently decided to organize a huge rally in Washington DC. in October. Now that 108,000 RSVPs from people all over the country have been received, the Sanders campaign is taking this seriously and they are negotiating a date.
https://www.facebook.com/events/1636611586577118
100,000+ people will be many, many times larger than any Trump event. Sanders is the _only_ candidate advocating breaking up the big banks and fully regulating Wall Street, and breaking the cycle of oligarchic influence on K Street.
+1 Feel the Bern!
Now that 108,000 RSVPs from white people all over the country have been received, the Sanders campaign is taking this seriously and they are negotiating a date.
stand/stick out like a sore thumb informal›
If someone or something stands/sticks out like a sore thumb, everyone notices them because they are very different from the people or things around them:
Everyone else was in jeans and T-shirts and I had my office clothes on - I stuck out like a sore thumb.
I went to a Bernie Sanders rally with my white friends.
I stuck out like a sore thumb.
I lost interest in this self-avowed democratic socialist when he looked like an old, doddering fool and negotiated with two idiots and let them hijack his rally in Seattle. Have you seen that? It was pathetic.
when he looked like an old, doddering fool
I see. Yes, some people don’t care about a candidate’s ideas, they just want their Presidents to be this handsome, strong macho Father Figure. You know, like Putin.
And you conveniently did not respond to the rest of the line…“and negotiated with two idiots and let them hijack his rally in Seattle. “
For all the criticism of Reagan, they don’t care as long as it’s their doddering old fool.
It’s all so black and white to you. It has nothing to do with being a strong, macho father figure (wait, don’t liberals think Obama is really strong and macho? Don’t you remember how powerful he was when he killed that fly? How good he is at killing people? How young, masculine and good looking he is?) and everything to do with letting idiots hijack his rally. World leaders don’t do that.
The problem I see with liberals is that they are never, ever to blame. Whatever’s wrong is typically caused by some republican. Whatever failings a person has is because of some historical republican who made a mess. Where’s a liberal who will take blame for something? Just an endless string of blame. Amazing how people are still blaming Reagan today. Reagan was so 20th century. He’s been out of office almost 30 years! Victims are what we have now. Victims of the evil past. No responsibility for anything.
CountryClubber: you don’t know whether I liked and voted for Reagan or not, but I’m quite sure that even when he was a doddering old man he wouldn’t let a couple of teenage idiots with no respect for others hijack his rally - and he certainly wouldn’t have negotiated with them. You don’t negotiate with children. Many previous generations knew that as obvious.
That didn’t impress me either, but Bernie at least has intelligence and principles, two qualities sorely lacking from the White House of late. And he’s explicitly calling out the .1%’s swindles against the middle and working classes as something that needs to be addressed, which you’ll never hear from HillaryJeb.
Bernie 2016!! He will end corp welfare!
Yep..exactly the same way Omaba prosecuted wall street criminals.
wall street wants your retirement.
The country is followin Plato’s “the republic” quite nicely!
Democracy allows politician to promise more free stuff for the public, and the public elects politicians that promise more free stuff.
Obama, and then Sanders, might be just what the public wants, until Putin comes along as a dictator to return power to the mighty, not the public
Disagree?
Almost every average person wants something for nothing.
Be above average.
People like Exxon and Alcoa.
First, a quote by the great Henry Louis Mencken:
“The larger the mob, the harder the test. In small areas, before small electorates, a first-rate man occasionally fights his way through, carrying even the mob with him by force of his personality. But when the field is nationwide, and the fight must be waged chiefly at second and third hand, and the force of personality cannot so readily make itself felt, then all the odds are on the man who is, intrinsically, the most devious and mediocre — the man who can most easily adeptly disperse the notion that his mind is a virtual vacuum.
“The Presidency tends, year by year, to go to such men. As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their heart’s desire at last, and the White House will be adorned by a downright moron.”
That Mencken guy was so wise.
More Chinese embezzlers inbound.
http://www.businessinsider.com/the-chinese-super-rich-are-about-to-flood-the-us-real-estate-market-2015-8
seems like the pboc has an unlimited printing press to shore up stocks.
Where will they get the money?