Bits Bucket for October 9, 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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Is the Republican Party a House divided?
“Can we all just get along?”
They are all divided. Dems are divided between Hillary and anyone else.
GOP cant even find a speaker to step up, let alone a Presidential candidate. The neo-cons destroyed that party.
When is the last time a GOP pres gave us less spending and lower taxes? Got debts?
“Can we all just get along?”
The South Central Savior!
Divided? LOL
Sooner it dies in its current form, the better for the country.
+1. The GOP has been usurped and subverted by neo-cons, corporate statists, and Wall Street puppets, i.e. Jeb Bush, Mitch McConnell, John McCain, Lindsey Graham, etc. There needs to be a mass expulsion of these RINOS, but they will cling to power like the barnacles they are.
Don’t forget Tom Cotton.
Speaking of Tom Cotton, the FoxNewsHate headlines with this:
http://www.foxnews.com/politics/2015/10/09/exclusive-us-officials-conclude-iran-deal-violates-federal-law/
Time to dust off the Neville Chamberlain reference, maybe wheel Mike Huckabee out for a “oven door” quote, whatever it takes. And the next time you see William Kristol on TV, staring at you through his beady little eyes, know that he is laughing at American taxpayers and voters, how easily manipulated they are, and muttering to himself under his breath “stupid f*ing goyim.”
That guy would start 3rd ww right now if he could. Ivy leagues have failed america. All they have contributed in last 40 to 50 years have been banksters, corrupt/greedy lawyers, out of touch technocrats and warmongers.
All you need to ask yourself is who was the catalyst for what we see in the GOP today ??
Bush/Cheney
Thats why I left the party after the 2000 election…I smelled those two evil rats a mile away…
George H Bush, Cheney, Rumsfeld, Kristol all architects of PNAC. NWO speech was September 11, 1991.
1991, then wouldn’t Bubba be involved also?
The party will collapse. They were useless anyway against the rainbow coalition of shiny, happy people viciously bombing the daylights out of brown people.
After reading the article that I’ve posted below, I realize that no matter what party is ascendant, Washington likes to bomb. Bomb. BOMB!
At least Obama finally stopped arming Syrian “moderate” rebels.
http://www.theguardian.com/world/2015/oct/09/us-to-axe-5-scheme-train-syrian-rebels-nyt
“At least Obama finally stopped arming Syrian “moderate” rebels.”
Yeah, that AIPAC program didn’t produce results.
Russia vs USA, who can bomb better? Who can spend more blowing up rocks? Who is better at rebuilding those rocks?
Morons want us to win.
It’s not RINOs, they are one subset of the Establishment politicians on both sides. Once you get to a certain level of prominence or wealth or are born in to that level, you want to protect it and the system that goes with it. Basically, on both sides Dem and R, they got theirs and will keep their party going. Senators talking about the poor is hillarious and very ironic.
Most would never even consider doing otherwise. It just doesn’t compute. Like fish swimming in water and not even realizing it’s there.
Probably the real reason McCarthy withdrew from the Speaker contest, rumors of an affair with Renee Ellmers, another House Rep, and an arrogant POS to boot:
http://www.huffingtonpost.com/entry/kevin-mccarthys-exit-affair-allegations_5616f004e4b0082030a1e0a8
Ahh, we’ll never know. Or will we?
McCarthy failed because he’s from California and is pro-amnesty. His remarks about Benghazi was the third strike.
maybe no one wants to be the head of the neo-con do nothing gang?
Bloomberg (real journalists on Dianne Feinstein’s officially approved list of real journalists) publishes this piece about Breitbart’s (not real journalist) editor Steve Bannon:
http://www.bloomberg.com/politics/graphics/2015-steve-bannon
Glancing at the Breitbart headlines right now, there is an unfortunate element of neocon woven in there. The ongoing articles about cultural libertarianism are good, but sadly, they have to stoop to the level of neocon to rally the base.
SJWs absolutely hate Breitbart, so they’re at least getting something right.
The Republican party is a Nut House
With the Fed on indefinite hold from interest rate liftoff, is it safe to assume that the sky is the only thing limiting stock and housing prices?
Where r home prices still climbing?
San Fran is all I can find
Some areas of Orange Country also. Chinese money is still pouring in. The chinese will not rest until they purchase the whole coastal CA. Corrupt, Fraud & many cases criminal chinese will fit in right at home in these parts.
I wonder if the final outcome, years down the road, of Chinese home buying in Calif will be tax auctions.
final outcome, years down the road, of Chinese home buying in Calif will be tax auctions ??
I doubt it…They are living here…Highly Unlikely they will want to go back to China…There children won’t thats for sure…
They’re no more living in CA than they are in NY. Dark towers, dark neighborhoods.
They can’t pay the property taxes if they are broke; if the Chinese government shuts off bank wires going overseas; or if the landowner is rotting in jail.
They can’t pay the property taxes if they are broke ??
The first thing they do is buy a house…The next thing they do is buy a business (buy a job)…Example…Message parlors have exploded here in our valley…Very high percentage run by asians…Ditto with the explosion in restaurants and fast food joints like Panda Express…Then men have flooded into the construction trades…Two houses just built near me…100% of the tradesmen were asian…
They will be able to pay the taxes…
final outcome, years down the road, of Chinese home buying in Calif will be tax auctions
If it came to that, they would sell, at a loss. Better to get something back, than nothing at all.
They can’t afford the massively inflated mortgage payment. How is it they pay the property taxes?
HA, you are truly a dolt; there are no mortage payments - they are paying 100% of the purchase price with dumb, borrowed, money, as you like to say.
dumb.borrowed.money my friend.
They will be able to pay the taxes…
Not if the Chinese government puts them in jail or confiscates their money. If the Chinese economy goes into freefall we don’t know what Beijing will do. Vilifying the wealthy who turned their back on the motherland (when they bought property in L.A. or S.F.) is one possibility.
Not if the Chinese government puts them in jail ??
Half the population would likely have to go to jail…The whole friggen system is corrupt from top to bottom…
The chinese will not rest until they purchase the whole coastal CA.”
Then they move inland not to live there but as landlords.
As I’ve stated before, DTLA has 97 completed or in process, mostly S Korean and Chinese investment backed building projects. I hope it doesn’t wind up being a ghost city.
Chinese embezzlers fleeing with their ill-gotten loot continue to prop up the high end CA housing market.
http://www.marketwatch.com/story/chinese-all-cash-buyers-of-us-homes-have-tripled-since-2005-2015-10-09
The Chinese have no interest in rural America. Buy land with plenty o’ water.
Suburbs of DC metro are really high and have been climbing up fast. No relief yet around DC area. NoVa is still very expensive and same with parts of MD in Montgomery county next to DC.
I witness the same thing. I can’t tell if the townhouse across me sold or not, Zillow doesn’t list it as sold just taken off the market. New people moved in though I believe. I think they were asking $90K or so more than they bought it for a few years prior, might of gotten it.
Are you sure?
Bethesda, MD Housing Prices Plummet 9% YoY
http://www.movoto.com/bethesda-md/market-trends/
What data are you reviewing?
Looks like Stocks will keep going up now all over the world to new highs. No one has the courage to fix the system. The central banks have no will to fix it. For them this is the new normal.
It will take a catastrophic event for it to correct. Otherwise, I’ve been waiting and may be waiting for another 8 years for it to correct. In the meantime, all the gamblers are making money.
Few want to fix a system that provides them $100000 in free equity they can liberate from their house and piss away today. Especially when any loss will be forgiven or papered over so it can all start up again. How many people foreclosed on from 2008-2010 are now building and borrowing equity?
I recall stories on this blog about people loading up their paid for (via HELOC) Suburbans as the moved out of their foreclosed homes, and that at the peak of the previous bubble 40% of cars were purchased with HELOC money.
History will repeat itself. Soon.
now w 84 month car loans !
now w 84 month car loans !
Even with an 84 month loan, it’s more than most people can swing. Just take out a HELOC, default on it when the house is hopelessly underwater and keep the car.
“and keep the car”
Bonus: You can sleep in the car. You can’t drive the house.
How did this country get to this? How will it ever be weaned off? Houses with prices that most people don’t have a fraction of those numbers saved for retirement? And we aren’t talking super nice used homes. It’s ridiculous. Makes me want to set up a teepee.
CL
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Ben Jones
2015-10-08 19:50:36
‘we’ll make $ on this one as well’
Toe tag home eh? Lying through your teeth the whole time.
Ben
Let me address your comment and tone. We always have a plan B, and in doing so, we’re keep an eye on our costs. Even if the market reverts back to what we paid, living here for $550 mo is factored in. Kabish. Sometimes people sell because of health reasons as they age. We don’t have a crystal ball.
I hope you get well. Health problems suck.
No health issues, thanks to paying attention, dna, and LUCK (except for hubby’s managed glaucoma), but “chit” happens.
Now address your lying.
And Ben, sometimes neighborhoods change, Happened in our new construction PUD 14 years later. As the market tanked during the S&L crisis correction, so did the quality of our neighbors. Not in an elitist way, more in a lifestyle way.
Zillow showing maps instead of predictions in some oil cities and lots of new higher price trend predictions
Fraud ?
Massive
Speculation usually leads to Fraaaaaaud.
I think it was the Hindus or the Buddhists who believe the world is an illusion.
The central planners all over the world have without a shadow of a doubt proven that the world is a fraud.
The central planners have made the most of the fact that 95% of the population is asleep/stupid and can thus be screwed at will.
What should 95% of the population do? Come on the streets? The issue is 95% population is a part of the game who want easy ways to become rich overnight and encourage the big players.
Plus they fear they still have something to lose, so they won’t riot.
What should the 95% do? Not bending over for the oligarch water-carriers who are screwing them over would be a start.
Not bending over for the oligarch water-carriers who are screwing them over would be a start.
American are too afraid to do that. They’d rather kow tow and and justify the status quo.
Sadly, from a lot of perspectives they are providing pretty well for that 95 percent. No incentive to change. So far.
I think it was the Hindus or the Buddhists who believe the world is an illusion.
Actually, that’s Gnosticism
While the sheeple slumber, corporate looting continues apace.
http://wolfstreet.com/2015/10/08/how-corporate-execs-monsanto-strip-mine-america-with-stock-buybacks-while-we-sleep/
“executives exercise their options when shares rise (i.e., the company sells shares to executives at a discount to current prices),
the executive sells those shares to the public,
the company buys back those shares from the public.
Net result: the company has less money, their executives have more, the share count is unchanged.”
Total scam of shareholders
Shareholders, like voters, like to bend over for their overlords.
Teamsters union members informed of benefits cuts because their pension funds are underperforming…public union members who turned a blind eye to Democrat corruption will not be pleased when the same forces loot their pension funds.
http://investmentresearchdynamics.com/here-come-pension-fund-benefit-cuts/
The Ponzi continues, thanks to the Fed.
http://www.reuters.com/article/2015/10/09/us-markets-global-idUSKCN0S301E20151009
This rally has big a massive short covering binge.
I’ve been thinking about the “Ponzi” appellation. In a ponzi the people at the bottom have no idea that their money is being used to fuel those at the top. They foolishly beleive the lies about some investment scheme paying off bigtime, and other than a few early entrants or crooked insiders all their money is lost. If the truth is known the whole thing collapses and the little guys wouldn’t get involved if they knew the truth.
The difference with housing is that lots of “little guys” do get paid and paid lots in the form of borrowed equity never repaid. And it seems the majority of homeowners want it to continue, even knowing the truth, that it is all based on fraud.
There’s no fool more foolish than a fool fooling himself.
Interestingly, it looks like margin debt is coming down. Don’t know if it’s a panic blip, or the beginning of a trend.
http://www.bloomberg.com/news/articles/2015-10-09/margin-debt-in-freefall-is-another-reason-to-worry-about-s-p-500
Comrade Pelosi’s plans for the permanent Democrat supermajority can be accelerated once millions of “climate refugees” (and liftetime Democrat entitlement voters) can be resettled in the Red states.
http://www.breitbart.com/big-government/2015/10/08/john-kerry-predicts-millions-climate-refugees-will-need-special-status/
Why is it that Bloomberg, Soros, etc. aren’t bankrolling gun control (i.e. disarming the population) in Israel?
https://www.rt.com/news/318064-jerusalem-mayor-gun-palestinians/
Christian Zionism is inherently anti-semitic, in that it considers Jewish people to be some monolithic herd, to be schlepped into Israel, so that they can selfishly hasten their own Rapture.
Read the headlines on World Net Daily to understand how these people think. It is an apocalyptic death cult, morally indistinguishable from ISIS, and they elect a Congress that controls a $600,000,000,000+ a year war machine.
There is nothing “Christian” about their belief system.
Protestant Fundies invented the rapture in the 1800’s. Modern day fundies are obsessed with the rapture. I’ll bet they sell more rapture books, where the authors attempt to predict its arrival, that for any other topic,
Well at some level every religion is “anti-” other religions because they think that they pray to false gods. But you have a point about these right wing media outlets. The ravings of ISIS and al Qaeda about the West are probably similar to those you hear on AM talk radio about Islam.
The Buddhists have no gods (they don’t consider Buddha a god). While it does not deny the existence of gods, Buddhism considers them to be irrelevant.
That’s consistent with my point. If they think that God is irrelevant, you could call them anti-Christian. If we keep religion out of politics, it will be easier to get along.
Abe Foxman would like a word with you.
I don’t normally post links from Huffpo, but this is an incredibly interesting article that illustrates the power of big, and I mean BIG, foreign money influence in Washington. I guess Prince Bandar has been replaced by this Otaiba fellow. A long, but very interesting read. Politicians, Pentagon, media and (gasp) entertainers in the palm of his hand. I guess anyone is for sale at a price.
Some interesting excerpts:
“Otaiba often touts the fact that a UAE-owned firm named GlobalFoundries made a multi-billion-dollar bid to take over several plants in upstate New York and Vermont that are responsible for IBM’s entire microelectronics and semiconductor manufacturing business. The acquisition was so sensitive that it had to be cleared by the Committee on Foreign Investment in the United States, since it would mean that one of the Department of Defense’s most trusted providers of semiconductors for weapons systems, aircraft and other government technology would be replaced by a foreign-owned entity. The deal won approval on June 30, less than a decade after the Dubai Ports World debacle. There was no outrage on Fox News, no protests in Congress—least of all from the UAE’s onetime nemesis, Chuck Schumer, who has praised GlobalFoundries’s takeover of the plants as “great news about the Capital Region and its economic future.”
“The first U.S. senior official added that Otaiba and Israeli ambassador Ron Dermer are very close. “They agree on just about everything,” he says. (Excluding the Palestinians, he clarified.)
A high-level official with the Israeli embassy confirms the value of this strategic alliance. “Israel and the Arabs standing together is the ultimate ace in the hole. Because it takes it out of the politics and the ideology. When Israel and the Arab states are standing together, it’s powerful,” he says.”
“Otaiba’s positions on Iran and Syria align him closely with the Republican foreign policy establishment. “He goes way out of his way to cultivate relations with members of Congress, and I think he represents his country very well,” says Republican Sen. John McCain. “It’s not just a normal representative of a nation. This is a nation that is literally conducting warfare against [the Islamic State].”
“Otaiba continues to talk frequently to Secretary of State John Kerry, Susan Rice and many commanders at the Pentagon.”
http://highline.huffingtonpost.com/articles/en/his-town/
The photos are interesting to say the least. A picture is worth a thousand words, for sure.
I feel my breakfast coming up.
Well, at least they are helping the world…
————
Otaiba’s entrée to D.C. was aided by the UAE’s willingness to pour astronomical sums of money into improving its public standing in the U.S. It now spends more money on lobbying than any other foreign government ($14.2 million dollars in 2013). That’s in addition to hundreds of millions in philanthropic giving (UAE entities have given at least $3 million to the Clinton Foundation alone), as well as billion-dollar investments in U.S businesses.
I wish this was required reading for every voter, though most lack the intelligence to grasp its implications.
Heh, sometimes it’s not a matter of intelligence so much as it is an inability to confront the situation, on account of it is so overwhelming.
However, it does make some sense of what has happened since 9/11. Those 20+ redacted pages of the “official” 9/11 report are rumored to place the blame squarely on the Saudis.
It would seem as if Washington has ever since been doing their bidding. It’s really difficult to wrap my mind around that, but there it is.
I think you guys are missing the point here. UAE is the Goldman Sachs of the Arab world and hardline muslims consider them to be money-grubbing sellouts to the West. Both Al Qaeda and ISIS would love to attack and dismantle the UAE money machine just as much as they would like to take out the Saudi royalty.
https://www.google.com/search?q=saudi+support+ISIS&ie=utf-8&oe=utf-8
That theory has been debunked.
Oh please. Isn’t it interesting that the US government gets really mad because someone is bombing ISIS and Al-Qaeda? That should be a bit of a tip-off.
It’s plausible, and even likely, that some wealthy Saudi individuals are funneling money to ISIS. But make no mistake, ISIS would love to do nothing more than to root out the royals and become the stewards of Mecca.
‘But make no mistake, ISIS would love to do nothing more than…’
And you know this because of what?
One of many articles:
http://www.huffingtonpost.com/alastair-crooke/isis-aim-saudi-arabia_b_5748744.html
I was wondering the same thing myself.
you mean Russia ? funny huh the us is becoming less and less a super power this trend looks to accelerate.
Just deep in debt and good at making movies.
and good at making movies
When does the next zombies vs. vampires movie come out?
Colorado nails it, as usual. The only decent movie I’ve seen in the last couple of years is Interstellar. There may be others out there, but if there are, I don’t know about them. The whole Marvel Comics thing doesn’t interest me in the least.
good at making movies.
not even that. us is the king of fraud and good at making bad movies.
Was making a treaty with Iran something the Saudis wanted?
No. And if you read the article, toward the end there’s a bit about how relations between Obama and Otaiba have frayed, to the point where Otaiba now openly disses Obama. I would imagine Iran had something to do with that. Or possibly was meant to slap back at Otaiba.
Again, I am no fan of Obama, but am now gaining an appreciation how cornered he is.
First Zimbabwe Ben Bernanke threw the country under the bus, now he’s thrown his wife there, too.
http://www.marketwatch.com/story/ben-bernanke-blames-wife-for-title-of-memoir-courage-to-act-2015-10-08
Read and learn. http://www.brookings.edu/blogs/brookings-now/posts/2014/01/bernanke-gets-at-least-a-minus-for-saving-us-from-great-depression-two
saving-us-from-great-depression-two
LOL. The depression he help created, right?
You are a joke in believe this kind nonsense.
Hmm, do I believe Brookings, one of the most highly regarded and nonpartisan think tanks or some anonymous ranter on the Internet named Chainsaw?
Highly regarded by who? Bernanke?
LOL you are a joke.
…. and a fraud.
Says two apologists for the neocon oligarchy status quo.
or some anonymous ranter on the Internet named Chainsaw ??
It does not matter how it started the fact is we were in meltdown in September 2008…All the consensus is that Paulson & company saved our ass…
Personally I blame Bush…Look how many here blame Obama for what Yellen is doing…Why not then blame Bush for what Barneke did ??
Bush is a snake…He knew full well that the easy money would keep the country drunk on the money koolaid and look the other way while he went and played war….
We now still liveing with the consequences of his two term Presidency…
The meltdown occurred years earlier. The decline in massively inflated prices in 2007 is the markets reaction to all the fraud and…..massively inflated prices. That was a positive and bullish indicator.
What were the “terrible things” Tim Geitner said they had to do when he showed up for the book launch at Barnes and Noble? Terrible Things, I can’t resist.
Drudge Report link about our “friend and ally, the only democracy in the Middle East”
Israel on high alert as stabbing attacks continue:
http://apnews.myway.com/article/20151009/ml–israel-palestinians-54d0d33679.html
Gold spiking as more and more people realize the Fed’s endless money printing & debasement of the currency will lead to Weimar Republic 2.0.
http://www.kitco.com/market/
If there’s one thing certain in this world, it’s that Gold Bugs are always wrong. I put Gold Bugs in the same camp as Fortune Tellers and Astrologers.
You’re becoming a parody of yourself, WPA.
Warmist Warming Friday
Salon dot com (real journalists) pauses from rallying the base of jenkum huffing, flakka smoking, Lena Dunham sister diddling, Social Justice Warriors™ to report on this warmism:
http://www.salon.com/2015/10/09/climate_apocalypse_is_here_now_science_fiction_has_become_our_new_reality_partner/
Exhibit A that the climate is screwed up: Hurricane Oho, now downgraded, was formed near Hawaii and is tracking due north and will dump warm rain in British Columbia and Alaska. This has never happened before.
http://dsx.weather.com/util/image/w/oho-final-cone.jpg?v=ap&w=980&h=551&api=7db9fe61-7414-47b5-9871-e17d87b8b6a0
Note how the MSM is ignoring this event. They either don’t understand the significance of a hurricane headed towards the Arctic or they are hushing it up.
My goal in life is to be the last skier in North America.
February 2050, on St Marys Glacier just west of Idaho Springs, I will ski a two hundred foot vertical line on rapidly melting corn snow, which after it starts raining an hour later, will melt away forever…
It may come sooner than 2050. Climate scientists are beginning to worry that climate change won’t be gradual but instead will undergo a sudden “state change” in stair-step fashion. OTOH, the skiing might be pretty good in EU if the gulf stream shuts down (it has been weakening).
if the gulf stream shuts down (it has been weakening).
And I thought English summers were already cold!
Exhibit B.
Alaska once had topic rain forests and alligators long before the SUV.
Note how the MSM is ignoring this event. They either don’t understand the significance of a rain forests the Arctic or they are hushing it up.
Hmm, so paleontology and plate tectonics are good science to be believed but climate science is not?
True science is to be vigorously debated and challenged. Try climate religion instead.
Here’s just one example of how the temperature data has been tweaked to obtain the desired end result:
Air temperature monitoring stations have been moved from higher elevations to lower ones, and from rural areas to more urban ones. Both of these shifts have served to increase the monitored temperatures, making it appear that we are warming.
I learned to “dry-lab” during two years of high-school chemistry - my dad had a chemistry degree as well. If you know what outcome you want to achieve, you work backwards from there. This is perfectly illustrated by the hockey-stick, hide-the-decline fiasco. You can manipulate the data and computer models to produce any result that you want.
But don’t let the facts get in your way. Just look at what Al Gore’s degree is in and that tells you all that you need to know. He’s selling something alright, and it isn’t science.
If anyone caught that religious climate ceremony that Jerry Brown and company held at Griffith Park about the anti-poor and anti-middle class SB 350 a couple days ago, you see what a cult global warming/no cooling/no climate change is…
- Kevin DeLeon, CA Senate leader and author of this Global Warming bill was driven in a large SUV and then LEFT IT IDLING to run the AC during the service so it wouldn’t be hot when he got back in the car
- Jerry Brown and the other officials sounded like preachers as they talked about their world changing legislation
- After Jerry Brown concluded the climate mass, he got in to an airplane and flew away.
After behaving this way, they have zero credibility. But hey, as elite leftists, it makes them feel good while costing the lower and middle classes massive amounts of money.
What a-holes.
JB is doing a great job!!
dummies think if you fly in plane you must ignore science? huh?
It will take decades to change, planes are what we have for now….urrrgh!
Decades to change? We don’t have decades according to the true believers. Even more reason for him to avoid flying. He could have taken the Amtrak right?
Also still haven’t heard an excuse for the true believing author of the climate bill being driven in a gas guzzling SUV and then leaving it idling for two hours during the climate press conference.
Clearly it’s not THAT urgent if the true believers can’t even do simple things to reduce their carbon footprint.
Exactly, CHE . . .
Just like these Prosperity Preachers that tell people to tithe even though they can’t afford to pay their own bills, so the preachers can have multiple houses and their own jet planes. Do as I say, not as I do.
I have to laugh, as the super-smart people who say that they believe in this (and conversely that those of us who don’t are stupid and should be jailed if not killed) - if they REALLY CARED, they would shout down these hypocrites ASAP, as they are doing great harm to their cause. But they are just another color of sheeple, just like the pew-warmers in those megachurches (who similarly do nothing about the hypocrite at the pulpit).
Former Christian preacher Al Gore has found that the Religion of Global War - err, um, I mean Climate Change is even more financially rewarding than the one he learned about while he was in school.
May Gaia bless you and keep you, and remember, The Science is Settled.
I do remember reading about the Founding Fathers looting “Footlockers” for social justice….
—————————
‘Black Lives’ Leader Defends Looting In Yale Lecture
Fox News ^ | 10-8-2015 | Perry Chiaramonte
The “Black Lives Matter” leader who landed a teaching gig at Yale University delivered a lecture this week on the historical merits of looting as a form of protest, backing up his lesson with required reading that puts modern-day marauders on par with the patriots behind the Boston Tea Party.
DeRay McKesson, who was hired by the Ivy League institution’s divinity school to lecture for two days on “Transformational Leadership in the #BlackLivesMatter Movement,” had students read an essay written at the height of the rioting and looting that plagued the St. Louis suburb of Ferguson just over a year ago after a white police officer shot and killed a black man.
“The mystifying ideological claim that looting is violent and non-political is one that has been carefully produced by the ruling class because it is precisely the violent maintenance of property which is both the basis and end of their power,” reads the August, 2014 post from the literary magazine “The New Inquiry” entitled “In Defense of Looting.” “On a less abstract level there is a practical and tactical benefit to looting. Whenever people worry about looting, there is an implicit sense that the looter must necessarily be acting selfishly, ‘opportunistically,’ and in excess.”
McKesson appears to have veered off of his syllabus for the lesson, which prompted some critics to offer a reminder that looting does indeed have innocent victims
Actually, there was an event called the Boston Tea Party in which some of those founding father guys expressed their opposition to government policy by destroying private party. A few years ago some Americans named their political movement after that event.
“A few years ago some Americans named their political movement after that event.”
I’ll take “not even a smidgen of corruption” for $200, Alex
I always figured 10% of the tea got thrown in the harbor, the rest got taken home.
Liberals a funny.
Equating colonists throwing tea into a harbor to PROTEST A TAX to the FSA looting a Footlocker for the latest $250 Air Jordans to wear to impress the bitzes.
I remember the OWS movement equating hanging out in NYC in the winter to “their Valley Forge”
Liberals are really funny…
The fact of the matter is that they boarded a ship or ships and destroyed someone else’s goods. I doubt that the tea importer cared what their motivation was.
Another wave of Syrian refugees ready to set off for Europe (and Comrade Pelosi & John Kerry will ensure we get our share, too) as the neo-cons and their “regime change” agenda rack up more “success stories.”
http://america.aljazeera.com/articles/2015/10/9/will-a-new-wave-of-syrians-leave-turkey.html
More currency manipulation & empty jawboning about a rate rise from the Fed’s mouthpieces.
http://www.marketwatch.com/story/feds-lockhart-says-rate-hike-could-be-appropriate-in-october-2015-10-09
But, but, but what happened to wind power being cheaper than fossil fuels without any subsidies????
————–
Wind Energy Mandate Costs Each Family Nearly $4,000
Michigan Capitol Confidential | 10/6/2015 | Jack Spencer
A new study from Utah State University found that, as of 2013, Michigan’s renewable energy mandate, enacted in 2008, has cost families and businesses here a bundle: $15.1 billion overall, or $3,830 per family, compared to what we would have experienced without the mandate.
According to the study, the economies of all states with a renewable portfolio standard, or RPS, have suffered harm. Among the negative effects are a nearly 14 percent decrease in industrial electricity sales, plus losses in both personal income and employment. A key finding was that an estimated 24,369 jobs have been lost in Michigan because of the mandate, which is in effect a mandate for wind energy.
The root of the problem is too many humanoids.
You call yourself a Christian? Well, Sky Wizard doesn’t think humanoids are some magical supreme species. Sky Wizard is not going to save humanoids from the consequences of them destroying their own inarguably finite ecosystem. There are alot of other animal species that Sky Wizard likes better than humanoids.
P.S. my carbon footprint kicks your carbon footprint’s @ss.
Finite? They have discovered water on the moon, Mars and now, Pluto! The universe is infinite.
Go back and read books from the 1970’s that predicted a Mad Max world by now. Trees in museums, meat obtained in only underground black market shops for the wealthy, the oceans above the skyscrapers in NYC, etc.
FYI - World population is going to peak about 2050 and slowly go downwards.
It makes me wonder if this is the real reason the socialist rulers in Europe are importing muslims by the hundreds of thousands.
People may start to become a rare commodity. And socialism can only survive with more and more suckers pulled into the ponzi scheme.
But, but, but what happened to wind power being cheaper than fossil fuels without any subsidies????
This:
“Wind power is now the cheapest electricity to produce in both Germany and the U.K., even without government subsidies, according to a new analysis by Bloomberg New Energy Finance (BNEF). It’s the first time that threshold has been crossed by a G7 economy.1″
BloombergBusiness
You little talking point is without facts.
Electricity is 3 to 4 times more expensive in Germany and the UK than in America. Because of insane GREEN taxes.
Does wind power have the same insane taxes?
What you call “without government subsidies” is just a business getting taxed less than its competitors.
We used to call that corruption or crony capitalism.
Amazing the study didn’t detect such an obvious subsidy. What makes you think it didn’t?
The same reason democrats promised the average household would save $2500 in medical expenses with obamacare?
As stated above, this data is flawed (see my post from yesterday).
You must also consider the cost of having to still maintain and operate the existing baseload power plant (that has to operate when the wind is not blowing, and also acts to balance the grid due to the inherent variability of the windpower output). That cost is not captured in the stated cost per KWH of windpower electricity.
So the TRUE cost of windpower is much more.
Do your homework.
So the TRUE cost of windpower is much more.
If you like your brown cloud, you can keep your brown cloud.
Polluted air is a sign of prosperity. Just ask the Chinese.
Where exactly in the US comes anywhere close to Chinese air pollution?
I don’t want a brown cloud either.
But let’s not lie about the true cost of alternative energy.
Where exactly in the US comes anywhere close to Chinese air pollution?
It isn’t, thanks to all those “business unfriendly, job killing” government regulations we have. If only we were allowed to pollute more, we’d be rich like China.
So the TRUE cost of windpower is much more.
Do your homework.
Have you? None of your assertions have any links.
Links are not necessary; you can do your own googling. Anybody that works in the utility industry can confirm what I have said. I especially encourage you to talk to anybody that actually works on a wind farm - it will be eye-opening in more ways than one (make sure to ask how many dead raptors they pick up every week).
You cannot replace baseload powerplants with wind or solar power, period. You can supplement them, but you then have to staff, operate, maintain, and repair all of them. This has a cost, which is not reflected in the per-KWH price given for windpower energy.
You still have to maintain some sort of conventional power plant that can rapidly be called upon when your solar or wind output dips. It’s simple supply and demand. KWH generated must equal KWH consumed at any given moment.
I’m not against alternative energy by any means, but the ignorance about it being the unicorn fairy solution to the world’s energy problems is simply staggering. Everything has a cost; there is no free lunch.
You may think that solar is great, but I can assure you that contaminating Chinese rivers and countryside with millions of gallons of toxic runoff from making solar panels just isn’t worth it in my book. That is a terrible price to pay so we can have “clean” energy. And that cost is also not accounted for and can be considered a subsidy.
Anybody that works in the utility industry can confirm what I have said.
So Bloomberg’s study missed these simple and widely known facts? Seems rather unlikely, unless they’re part of the Worldwide Scientist Conspiracy.
UC Berkeley on California renewables:
For the period 2015-2030, increasing California’s renewable portfolio standard to 50% by 2030 would create about an additional 354,000 to 429,000 direct jobs from the construction of new renewable generation. Including multipliers for indirect and induced jobs, we forecast a total of 879,000 to 1,067,000 job years by 2030.
We estimate that for every megawatt produced out-of-state instead of in-state, on average 11.5 direct jobs and 28.7 total jobs (including indirect and induced) jobs would be lost.
Nothing like paying more for energy than necessary. No wonder CA is the poorest state in the US.
I like paying a little more for homegrown renewable energy. That means none of my money goes to the oil oligarchy, the Kochs, nor the middle eastern oil barons.
That is great.
But the trouble with liberals is that they want to shove their dumb ideas down everyone else’s throat.
Why can’t we have obamacare just for liberals? And gun safety laws and zones just for liberals? And muslim refugees and illegals just in liberal neighborhoods and cities? Etc.
I like paying a little more for homegrown renewable energy.
I pay 8 cents a kwh, and 20% of our juice is from renewable sources.
Doubtful.
Burning coal and middle east oil til we melt the poles is a dumb idea we don’t want shoved down our throats.
Ah yes - it is for the children.
The cry of socialists everywhere.
WPA,
You are kidding yourself if you think that paying more makes any difference as to where the energy comes from. You are paying a subsidy to offset the increased cost to the utility to operate these ‘green’ energy sources.
The electrons don’t discriminate; if you are near a coal-fired plant, guess where your power is coming from, regardless of what boxes you check on your utility bill.
Nothing accelerates the economy like falling energy and oil prices. Nothing.
We’ll never replace whale oil!
Funny you should mention whales - ponder this: what if dinosaur juice had never been discovered? Would there be any whales left in our oceans today? Think about it.
I think the discovery of oil saved the whales, for real. So there is one upside of petroleum!
And we wonder why the largest political donors OF ALL TIME are public unions that give nearly 100% of that money to democrats.
For the few left in the private sector - keep working!
——————————-
Study: Government Workers Make 78 Percent More Than Private Sector
Washington Free Beacon | October 7, 2015 | Elizabeth Harrington
Employees for the federal government earn far more than their counterparts in the private sector, according to a new study by the Cato Institute.
Federal workers’ pay and benefits were 78 percent higher than private employees, who earned an average of $52,688 less than public sector workers last year.
The study found that federal government workers earned an average of $84,153 in 2014, compared to the private sector’s average of $56,350. Cato based its findings on figures from the U.S. Bureau of Economic Analysis (BEA).
But when adding in benefits pay for federal workers, the difference becomes more dramatic. Federal employees made $119,934 in total compensation last year, while private sector workers earned $67,246, a difference of over $52,000, or 78 percent.
“Since the 1990s, federal workers have enjoyed faster compensation growth than private-sector workers,” according to the study, written by Chris Edwards, the director of tax policy studies at Cato. “In 2014 federal workers earned 78 percent more, on average, than private-sector workers. Federal workers earned 43 percent more, on average, than state and local government workers.
The report noted that 2.1 million people work for the federal government, costing over $260 billion in wages and benefits this year.
the fish rots from the head down.
all cultures are equal.
—————————————–
Green Beret compares US military inaction in Afghan rapes to Penn State scandal
Stars & Stripes | 10/8/15 | Dan Lamothe
A Green Beret who may be pushed out of the Army for beating up an alleged child rapist sees a parallel between the U.S. military’s failure to stop child rape in Afghanistan and a scandal at home: The abuse of children in the Penn State University football program.
Sgt. 1st Class Charles Martland, a former college football player, made the comparison in a letter sent to Rep. Duncan Hunter, R.-Calif., Tuesday night and released to The Washington Post. It comes as he faces the possibility of involuntary separation for his actions in September 2011, when he and his commanding officer, former Capt. Dan Quinn, acknowledge they beat up an Afghan police commander who they say laughed about raping a boy in Kunduz province.
“I chose the morally right decision because moral law transcends all boundaries and organizations,” said Martland, who was a walk-on on the Florida State University football team before joining the Army. “I learned about the moral right from the Christian values and beliefs of Coach Bobby Bowden at Florida State University. We all learned about the moral right during the Penn State football program’s child sex abuse scandal.”
Martland added that he began facing discipline from the Army beginning in late 2011, around the same time former Penn State assistant football coach Jerry Sandusky faced charges for raping numerous children and university officials were cited for failing to act on the allegations years earlier. Sandusky ultimately was convicted of 45 counts of sexual abuse.
“Ironically, I was fighting being kicked out of the Army while watching daily public outrage about the child abuse occurring at Penn State and the leniency in dealing with that issue,” Martland said. “Legal law comes from man is fallible. Although well intentioned, it can fail us at times.”
Martland was selected to be removed from the Army this year as a result of his actions in Afghanistan four years ago. Army officials said Wednesday they will give him 60 days to file an appeal with the Army Board for the Correction of Military Records after Army Secretary John McHugh met with Thornberry and discussed the issue.
“Why is there an understanding by some troops that you don’t intervene when it’s [the Afghans'] culture?” asked Sen. Kristen Gillibrand, D-N.Y. “Are they poorly trained, or just unknowledgeable or do you think commanders [are] getting it wrong in the field?”
“In the end, it’s about the lack of courage and leadership in the U.S. military at the highest levels,” said Hunter, a former Marine officer. “Counterinsurgency means winning the hearts and minds. How do you get the local population to trust you when you’re allowing children to be raped on your bases?”
“After the child rapist laughed it off and referenced that it was only a boy, Captain Quinn picked him up and threw him. I proceeded to body slam him multiple times,” said Martland, a former fullback on the Florida State University football team. “I kicked him once in the ribcage [sic] after one of the body slams. I put my foot on his neck after one of the body slams, but did not kick him or punch him in the face. I continued to body slam him and throw him for 50 meters until he was outside of camp. He was never knocked out and he ran away from our camp.”
My favorite quote from Jerry Sandusky, on being caught naked in the locker room shower with a ten year old boy, was that they were just “horsing around.”
“horsing around.”
Try that query with “safe search” disabled.
Lena Dunham did some “horsing around” with her baby sister (it’s in her autobiography) and she just got to interview Hillary Clinton, LOLZ.
My “progressive” betters inform that age of consent laws are racist.
“In the end, it’s about the lack of courage and leadership in the U.S. military at the highest levels,” said Hunter, a former Marine officer. “Counterinsurgency means winning the hearts and minds. How do you get the local population to trust you when you’re allowing children to be raped on your bases?”
Well… there it is.
Let’s bring them to America. They could be our speaker of the house or our football coaches. Or, there’s always catholic priests.
Case closed!
Well, if we are talking rape you better include Bill Clinton.
Age of consent doesn’t apply when you’re a Friend Of Bill™
https://en.m.wikipedia.org/wiki/Jeffrey_epstein
Huffington Post (some really real real journalists) rallies its base of Social Justice Warriors™ with an article titled “the path to cultural awareness for whites”
http://www.huffingtonpost.com/peter-dicaprio/the-path-to-cultural-awar_b_8260356.html
The tattooed girl who poured my coffee this morning has a masters degree (and $100,000 of student loan debt) in cultural awareness for whites, LOLZ.
Molon Latte! (Come and take it - my coffee order.)
Victory in California! Gov. Brown Signs CalECPA, Requiring Police to Get a Warrant Before Accessing Your Data
Californians can rest assured that law enforcement can’t poke around in their digital records without first obtaining a warrant. Today, Gov. Jerry Brown has signed S.B. 178, the California Electronic Communications Privacy Act (CalECPA).
After months of pressure from public interest groups, media organizations, privacy advocates, tech companies, and thousands of members of the public, California’s elected leaders have updated the state’s privacy laws so that they are in line with how people actually use technology today.
CalECPA protects Californians by requiring a warrant for digital records, including emails and texts, as well as a user’s geographical location. These protections apply not only to your devices, but to online services that store your data. Only two other states have so far offered these protections: Maine and Utah.
https://www.eff.org/deeplinks/2015/10/victory-california-gov-brown-signs-calecpa-requiring-police-get-warrant-accessing
CraterRage Photo Of The Day…. Californicator Styled
http://goo.gl/YiLfU9
Warmist Warming Friday (bonus round!)
Climate denying rep. wants to investigate scientists for requesting a probe of climate deniers:
http://m.huffpost.com/us/entry/56141b80e4b0368a1a615a7e
So much LOLZ here. Sky Wizard will have the last laugh. Sorry, humanoids, but you don’t get to insert $0.25 and continue the game. Dead oceans, melting glaciers, who f*ing cares? I have Netflix and Tinder on my smartphone!
“This sucker could go down” — George W. Bush
Plus we’ll all be taking a dirt nap when that happens, so it’s someone else’s problem! Woo hoo! Kick the can baby!
Someone askdc yesterday how much a kwh costs in the UK, assuming that it would be 38 cents like in Germany or Denmark, so I looked it up.
In Cornwall, where all the windmills are, it’s 12p (~18 cents).
Somehow wind is still more expensive, according to the homework assigners. Although they can’t seem to cite any facts to back their assertions.
Where are your so-called facts? Are you using the same facts as Housing Analyst?
Do you think that the pump price of gasoline reflects its true cost? Or is it massively subsidized?
Hmmmm . . . .
Do you account for the wars we have to fight in the middle east when calculating the cost of oil? The ships and bases we have to have to protect the oil shipping lanes and our supposed allies in the area?
I’m betting that puts oil well above the cost of wind. Of course, some people like fighting wars, find them profitable.
If you don’t like a law - just ignore it.
If you wish you had a law - just make it up.
It is the democrat way.
And they never think their tactics will ever be used against them.
———————————-
Obama ‘Seriously Considering’ Using Executive Authority to Tighten Gun Laws
PJ Media | 10/09/2015 | Liz Sheld
The Washington Post is reporting that President Obama is considering an end run around Congress to make some changes to existing gun laws. In particular, he is considering “imposing new background-check requirements for buyers who purchase weapons from high-volume gun dealers.”
Under Obama’s proposed executive fiat, dealers who sell more than an arbitrary number of guns will need to obtain a license from the ATF and perform background checks on consumers.
“We are hopeful we can find a way to do this,” said one senior administration official, who noted that lawyers were still working through details to ensure that the rule could pass legal muster. “It’s a lot more clear today than it was a year ago how to work this out.”
So what’s on Obama’s executive action agenda that will presumably stop the gun violence?
We now know that the Oregon shooter purchased his weapons legally and passed a background check to do so. “All were traced to a federal firearms dealer,” said Celinez Nunez, an agent with the US Bureau of Alcohol, Tobacco, Firearms and Explosives.
The Sandy Hook shooter stole weapons from his mother.
The Aurora movie theater shooter bought his guns legally and passed a background check.
The man who shot former congresswoman and gun-control activist Gabrielle Giffords passed a background check.
The man who shot two Virgina journalists live on the air passed a background check.
So, what is the purpose of Obama’s proposed expanded background checks? Do we have any evidence that expanding the definition of a gun dealer will decrease gun violence?
Just what was the leader of the senate democrats and former senate leader who gave us obamacare DOING with that rubber band????
———————-
Harry Reid sues for loss of sex
Spero News | 10/09/2015 | Martin Barillas
U.S. Senator Harry Reid, a 75-year-old Democrat who represents Nevada, filed a lawsuit on October 6 that contends a rubber band has ruined his sex life.
How can this one old guy have so much power over the neo-cons?
Shows how weak they are.
In the end - we become Greece.
That is our hope and change.
If you make it so burdensome to operate a legit business, then you’re basically giving people without big lines of credit and capital few choices but to work in the cash-only underground economy.
—————————-
One Part of the Economy Is Booming: The Underground/Cash-Only Sector
Of Two Minds | 10/09/2015 | Charles Hugh Smith
It won’t be much of a surprise to those living outside the Washington D.C. beltway and the Unicorn Herd of start-ups selling for millions of dollars that the underground cash-only economy is one of the few bright spots in the U.S. economy. Correspondent B.U. recently submitted this report from rural America in response to my entry What Happens to our Economy as Millions of People Lose the Habits of Hard Work?, which mentioned those in the cash-only sector as not showing up in official employment statistics:
Back when I had multiple employees in the 1980s, I was basically working to pay workers compensation insurance (40% to 80% of the hourly wage for construction workers), liability coverage, unemployment insurance, disability insurance, FICA (employers’ share of Social Security), excise tax, income tax, rent on the office that we were required by law to maintain, healthcare insurance for all the employees, filling out HUD/FHA forms required when building homes with FHA loans, and so on. Then there’s the cost of accounting and tax returns (complicated when you’re operating a business), and a long list of other expenses I’ve forgotten.
My partner and I had a stock response when any employee griped about all the money we must be making: we’d take out our keys to the office and offer it to them, and say “payday’s on Friday. It’s all yours.” I’d have been relieved if any had been dumb enough to accept the offer. No one ever did.
It’s no wonder that legit small business and self-employment is often a struggle for financial survival. I’ve covered the travails of one serial entrepreneur in launching a new business in today’s America: the costs were so heavy that he gave up. It was impossible to actually make a living once you met all the absurd regulations, codes and requirements.
Self-employment is cratering in the “recovery” of high taxes, senseless regulations and burdensome report-filing (big fines if you don’t comply), tax preparation, business licence fees, fishing-expedition lawsuits, etc.
Anyone who can’t find a state/Corporate America job or says Take This Job And Shove It has my sympathy. I’ve been down to my last $100, and it’s a lonesome, troublesome feeling. If you make it so burdensome to operate a legit business, then you’re basically giving people without big lines of credit or plenty of capital and regulatory expertise few choices but to work in the cash-only underground economy.
the pundits don’t get the cash economy
low participation rate !
olah’ for cash
After the Bush disaster….Corp profits at all time highs, unemployment at 5.1%. Only safe play on the planet.
I say USA has 300 more good years, before we exit as #1.
CA is investing in their Metro in LA and better roads, our “liberal” gov has brought us back after the Arnold fiasco.
see a pattern?
And after many years of observation, I have determined that this is exactly as Global Corporate Business (AKA Lord Business) wants it - what better way to keep their place on top of the economic ladder than to enact onerous regulations to strangle the life out of any potential upstart competition.
CA is full of regulations, lots of ridiculous ones. Yet the demand to be in CA is crazy high. Why be a “start up” in a state with so many regulations and high taxes?
What do they know?
Every hotel pool must have a lift for the disabled?? that one was a dooozy!
What happens when this tech bubble pops?
“Startups” in tech are people sitting in front of computers - not manufacturing, retail, agriculture etc - those that bear the brunt of the ridiculous regulations.
But that’s ok - the costal elite leftists don’t like any of that icky production staffed by low and middle class riff-raff.
I’ve seen first hand a friend almost go bankrupt trying to open a business. Between the city, the county and the ABC he spent over a year paying rent on a empty space before he could even start construction. He almost ran out of money paying rent while the overpaid government bureaucrats tried to get their shiz together.
The middle class is high-tailing out of California because there is no place for them. The only “demand” to be here is from the rich and high paid tech employees funded through printed money, Chinese and their funny money and illegals.
But rich costal leftists like it that way — a third world country.
It popped 2x already, just comes back…stronger then ever. The key is not to panic and sell low.
Doesn’t feel third world in the nice areas.
I never visit Compton.
They would disagree, not 3rd world.
https://www.stanford.edu/
In your next life, try harder.
Doesn’t feel third world in the nice areas.
You could say the same about Mexico.
Doesn’t feel third world in the nice areas.
You must be joking right? WPA and you are the most ignoramus posters in this blog. Hay-sus christo!
you can. I wont.
You stay at home moms need to get out more.
WPA and you are the most ignoramus posters in this blog.
This is the funniest thing I’ve read all day. You know they are both Lola right?
Lola Lola Lola……
Washington Post (real journalists) report on warmist warmism, cite actual temperatures recorded by thermometers, because warmists gonna warm:
https://www.washingtonpost.com/blogs/capital-weather-gang/wp/2015/10/09/u-s-logs-second-warmest-september-on-record-west-coast-2015-heat-busts-through-charts/
Someone’s been scarred by the Las Vegas RE market.
Woman threatening realtor; not happy about receiving his flyers in the mail.
Best Voicemail Ever (profanity)
The biggest problem in America is the fear of litigation. Attorneys destroyed America!!
DEMs and REP’s should rally around this and pass serious tort reform.
An old lady who slips on a mossy rock and breaks her hip should no be able to sue the property owner for millions. Small biz cant meet all the ADA rules , so they close….
pure BS!
If your maid falls down your stairs while working you can be wiped out.
Docs have to order unnecessary tests, for fear of mal practice. Dr pays crazy mal practice insurance passes on the costs to us….
get it? This is the evil we should be fighting against. Not ISIS.
I give you a hint why nothing will ever change with tort reform:
Top Organization Contributors of All Time
16 American Assn for Justice - $48,004,160 - 93% given to the democrat party
https://www.opensecrets.org/orgs/list.php
Then why didn’t things change when Bush had the super-majority for 6 years?
oops!
this is not a dev v gop problem. it is people vs attorneys
Yes, in fact, it was made to be THE issue in the 2004 election.
LOGIC: Why live in Detroit?
“Henry Ford lived there, along with many other productive people.”
Says someone yesterday.
Love it!! It is a big country, and we are all not the same.
Detroit used to be one of the greatest industrial cities in the world. Look at it now. Their only hope of survival is to shrink their size, as they have not the economic means to maintain the existing infrastructure.
Sell your horse before it dies.
2banana’s rule:
Long term democrat rule + public union goons + FSA = misery, ruin and bankruptcy
Why do DEM prez’s do better with the economy? these are facts my boy.
You lived in Detroit too long.
Good to know this economy is doing so well thanks to a DEM prez. Curious as to why so many posters here complain on a daily basis that its merely a facade. They must be all wrong.
the winners are out having fun.
Don’t be a Lola.
There is nothing better than the feeling of being debt free. NOTHING.
nothing better
Being debt free, and having other people owe you money?
To crush your enemies, see them driven before you, and to hear the Lamentations of the Lolas.
The Minimum Wage: How Much Is Too Much?
THE federal minimum wage has been stuck at $7.25 an hour since 2009. While Congress has refused to take action, Democratic politicians have been engaged in something of a bidding war to propose raising the minimum wage ever higher: first to $10.10, then to $12, and now some are pushing for $15 an hour.
Research suggests that a minimum wage set as high as $12 an hour will do more good than harm for low-wage workers, but a $15-an-hour national minimum wage would put us in uncharted waters, and risk undesirable and unintended consequences.
When Congress delays raising the minimum wage, states and cities typically step in and raise their own minimum wages. That is exactly what is happening now.
More than half of the states, representing 60 percent of the United States population, now have minimum wages that exceed the federal level. The fact that voters in four “red” states — Alaska, Arkansas, Nebraska and South Dakota — voted overwhelmingly last year to raise their states’ minimum wages to as high as $9.75 an hour is a testament to the support the minimum wage enjoys among the population at large.
http://www.nytimes.com/2015/10/11/opinion/sunday/the-minimum-wage-how-much-is-too-much.html?partner=rss&emc=rss&_r=0
When I told my European relatives that US minimum wage is only 7.25 an hour, they were stunned. Then I told them that waiters are paid even less and are utterly dependent on tips. They thought I was joking.
free market, supply and demand, survival of the fittest. if you dont like the pay, dont take the job. You are worth what you are worth.
if you dont like the pay, dont take the job.
And in the same breath, we complain about all the people on welfare.
welfare is less than jail and more cops and prisons.
I would like to stop corp welfare.
I am a fiscal conservative.
get it? not many of us around.
Neo-cons demand “Onward Christian Soldiers!” in Syria. Rest assured it won’t be their kids doing the fighting and dying, or coming back maimed and damaged for life.
http://ronpaulinstitute.org/archives/featured-articles/2015/october/08/neocons-demand-escalation-in-syria/
+1
Rest assured it won’t be their kids doing the fighting and dying, or coming back maimed and damaged for life.
Being a mercenary for America is the new Blue Collar job.
Let Russia and Iran get sucked into this quicksand instead of us. Meanwhile, “moderate” Syrian rebel groups continue to cover themselves in glory - NOT!
http://www.businessinsider.com/russia-just-handed-isis-a-big-win-in-syrias-largest-city-2015-10
Jon Hilsenrath, the Fed’s chief apologist and shill at the WSJ, is going to be interviewing Ben Beranke on Monday, and asked readers to submit question. Unsurprisingly, he’s getting heavily trolled…..
https://twitter.com/search?q=%23FedWSJPro&src=typd
Ferguson= effects of SJW in the hood
compared to a 4.5% fall for Ferguson as a whole.
was plus 2%
so Sharpton et al can creat a 6point swing
Baddies killing baddies…maybe just this once we could recall George Washington’s parting words to the new republic, when he warned us not to go abroad looking for monsters to slay.
http://america.aljazeera.com/articles/2015/10/9/isil-kills-top-iranian-commander-in-syria.html
“ISIL fighters advancing on the northern outskirts of the Syrian city of Aleppo have killed an Iranian military commander providing military advice to troops loyal to President Bashar al-Assad, Iran’s army said Thursday.”
Apparently those Russian airstrikes haven’t slowed ISIS down much.
I’d love to follow the money and see who is financing these groups who insist on stirring the pot.
http://www.theguardian.com/world/2015/oct/09/us-muslim-community-phoenix-oklahoma-city-protests-mosques
Islam is not compatible with the US as we used to know it, and as I’d like to know it again. Sorry, I just don’t go along with cutting off the hands of and beheading and stoning people, and FGM and that sort of thing. It shouldn’t be here. Especially not after 9/11.
This business of mixing cultures in various communities is not turning out well. One of the advantages of living in the US used to be the lack of exposure to people from certain incompatible cultures.
In this case, Muslims have plenty of sparsely populated countries in which they can reside. No need for them to be here and be offended by us.
Similar statements were made about Catholicism in the 19th century.
palmetto: “Sorry, I just don’t go along with cutting off the hands of and beheading and stoning people,”
Agreed! I like my murder by the state to be perfumed with poison filled hypodermic needles and burning hair.
Hmm… actually if I had to choose I think I’d take beheading myself.
By what method do you plan to behead yourself? Sounds difficult.
You don’t think maybe Muslims who are going about their daily lives or frequenting places of worship maybe have the right to be left alone, same as you and me?
^This^
Not if, in their places of worship, they are being taught that they are living among the infidels who must either be converted or be killed. Or that their religious leaders should be one in the same with government leaders.
I’ve never heard any of that at any of the Christian churches I have ever attended.
Have you seen the latest polls? In every country where Muslims are, including here, a majority of them support Sharia law. You know what they do with LGBTQ people under Sharia law, right?
Neo-cons agitating for moar war…
http://www.cnsnews.com/news/article/patrick-goodenough/ret-army-general-putin-launched-proxy-war-how-can-united-states
Here’s what happened when Venezuela imposed gun-control laws. Watch and learn, ‘Muricans. The Oligopoly doesn’t like it when you resist what they have in store for you.
http://www.sovereignman.com/podcast/heres-what-happened-when-venezuela-imposed-gun-control-laws-17514/
When Reagan was shot, wasn’t he surrounded by armed guards? Maybe even automatic weapons? hmmmmmmm
A rating system for the serfs…what a perfect template for Comrade Pelosi and her collectivist cadres to emulate once they and their permanent Democrat Supermajority have attained absolute power.
http://libertyblitzkrieg.com/2015/10/08/ranking-the-peasants-china-unveils-introduces-orwellian-citizen-scores/
Raise rates and pop the Ponzi markets? Fat chance.
http://www.marketwatch.com/story/many-foreign-central-banks-implore-fed-to-hike-rates-fischer-2015-10-09?link=MW_latest_news
Los Angeles orders quake retrofit for many older buildings
http://abc7.com/news/los-angeles-orders-quake-retrofit-for-many-older-buildings/1025252/
The deadlines make me suspicious. This looks like the Contractor’s Board Lobbyist Group paid big $.
A corrupt Democrat municipal leadership soliciting bribes? Inconceivable!
LOL at the ignorance. As bad as LA is, it is better than 75% of the USA. 90% if you like to play outside with attractive women.
CaliforH20,
Three problems with this, since you appear to be a low-testosterone lib-tard eunuch:
1. You don’t like women.
2. Women don’t like you.
3. If you did accidently get ahold of a woman, you wouldn’t have the slightest idea of what to do with her.
I am a fiscal conservative , not a pussy liberal who wants to do the work of Jesus.
Don’t be a Liberace.
You’d still sleep alone in a women’s prison.
We already did that!
How’s that “Hope and change Goldman Sachs can believe in” working out for ya, ‘Murica?
http://www.zerohedge.com/news/2015-10-09/summing-obamas-economy-8-words
Raymond - Next time try harder. Dont hate the winners.
“Raymond - Next time try harder. Dont hate the winners.”
Hope you all remember your silence and your sentiment when the curtain falls.
Garbage from CL in the mostly rural state of Montana. It used to be the last best place…
CL
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I’m curious about the attitudes of stupid people regarding NIRP (negative interest rates). If you are an Obama Zombie, a McCain Mutant, or a Romney Retard, and Yellen the Felen introduces NIRP, what will your reaction be?
1. Bleat your gratitude to your Oligopoly masters
2. Have a vague sense that you’re getting screwed over, but since you lack the intelligence to grasp how badly you’re getting reamed, remain complacent.
3. Finally get pissed off
4. Simply remain in your current vegatative state
Washington (CNN) Sen. Lindsey Graham is asking for federal aid for his home state of South Carolina as it battles raging floods, but he voted to oppose similar help for New Jersey in the aftermath of Hurricane Sandy in 2013.
“Let’s just get through this thing, and whatever it costs, it costs,” Graham told CNN’s Wolf Blitzer on “The Situation Room” on Monday of the devastating floods in his home state.
Graham was among the Republican senators who opposed a federal aid package in January 2013 to assist states hit by Hurricane Sandy, but now he doesn’t remember why.
“I’m all for helping the people in New Jersey. I don’t really remember me voting that way,” Graham said.
Pressed further, he said: “Anyway, I don’t really recall that, but I’d be glad to look and tell you why I did vote no, if I did.”
http://www.cnn.com/2015/10/05/politics/lindsey-graham-flooding-federal-aid/
Hey now, a successful politician’s job is to bring back the bacon to their OWN district/state, not to other states! Everybody knows that there is only so much pork to go around.
“…and whatever it costs, it costs…”
Yep… that’s Sen. Lindsey Graham looking-out for main street.
Government Likens Ending Bulk Surveillance to Opening Prison Gates
Feds claim lapse in mass surveillance would endanger country
by Jenna McLaughlin | The Intercept | October 9, 2015
A Justice Department prosecutor said Thursday that ordering the immediate end of bulk surveillance of millions of Americans’ phone records would be as hasty as suddenly letting criminals out of prison.
“Public safety should be taken into consideration,” argued DOJ attorney Julia Berman, noting that in a 2011 Supreme Court ruling on prison overcrowding, the state of California was given two years to find a solution and relocate prisoners.
By comparison, she suggested, the six months Congress granted to the National Security Agency to stop indiscriminately collecting data on American phone calls was minimal.
Ending the bulk collection program even a few weeks before the current November 29 deadline would be an imminent risk to national security because it would create a dangerous “intelligence gap” during a period rife with fears of homegrown terrorism, she said.