Bits Bucket for October 18, 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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local pols making a grab w higher taxes?
=rent increase
except GOON tent rent is stable
If it’s higher taxes it also affects loan owners.
HomeDebtors can’t afford the massive mortgage payments with lower taxes either. Either way it’s default for them in the end.
Remember…. current asking prices of resale housing are 300% higher than long term trend and double construction cost($55/sq ft for lot, labor, materials and profit).
Sarasota, FL Housing Prices Crater 19% As Inventory Floods Market
http://www.zillow.com/sarasota-fl/home-values/
HA!
Prices up 10% last 12 months. Forecast up 1/2% next 12 months. How is that a crater?
HA, HA, Ha, ha, ha, h…….idiot makes up headlines!
Fraud, fraud, fraud, don’t you understand Stealtor speak by now? Up by 1-2 percent = down by at least 5 percent. It’s all made up pulled out of their ass “value” not based on data anyway.
Do any of the forecasts show a negative expectation ?
Zillow “value” is up. Sale price is down. Starting to look like 2009 all over again.
And it looks like prices are falling all over Florida. Let her rip!
Coral Gables, FL Housing Prices Plunge 16% YoY
http://www.zillow.com/coral-gables-fl/home-values/
According to the ZHVI, the current median sale price is at August 2012 levels. Quite a retrenchment, however you cook the data!
According to the ZHVI, the current median sale price is at August 2012 levels ??
My daughter and SIL live in Kentucky near Lexington…He told me that he paid $116,000. for his house 12 years ago…He said that if he put their house on the market today he does not think he would get anymore than what he paid for it and it likely would take a very long time to sell it…
Point; Real Estate is local and regional…It is a function of the supply demand equation and in our current case the demand side being assisted with historically low interest rates…
Raise rates you say ?? Our exports would collapse in the face of markedly higher interest rates given the state of the world economies…IMO, until the major economies in the world start to grow again, we will not see significantly higher rates here…
Demand(exports and imports) has already collapsed as a result of fed policy induced market distortions.
How far would you like demand to crater my friend?
all real estate is local … Local fraud. Also national fraud. This well worn trope is always the fallback lie when prices start collapsing.
anyone know of a good bird dogger in phx?
Check the Humane Society or the ASPCA.
Fall foliage map 2015: Best places to see leaves changing color in Upstate NY
http://www.newyorkupstate.com/outdoors/2015/10/fall_foliage_map_2015_best_places_to_see_leaves_changing_color_in_upstate_ny.html#incart_special-report
Plattsburgh, NY Housing Prices Crater 12% YoY
http://www.zillow.com/town-of-plattsburgh-ny/home-values/
Ladies and Gentlemen, please welcome Vladimir Putin:
http://www.zerohedge.com/news/2015-10-17/fall-unipower-russia-defeating-more-isis-syria
from the article:
“The distinguished and knowledgeable international commentator William Engdahl, in a superb statement, has expressed the view I gave you that Russian President Vladimir Putin’s speech on September 28 at the 70th anniversary of the United Nations changed the balance of power in the world. Until Putin’s speech the world was intimidated by the Washington Bully. Resistance to Washington brought swift retribution. In the Middle East and Africa it brought economic sanctions and military invasions that destroyed entire countries. In France and other US vassal states it brought multi-billion dollar confiscations of bank net worth as the price of not following Washington’s policies toward other countries.
Other countries felt powerless in the face of the arrogant hegemonic Unipower, which from time to time replied to noncompliance with threats, such as US Deputy Secretary of State Richard Armitage delivered to Pakistan, to bomb noncompliant countries “back to the stone age.”
President Putin of Russia brought all that to end on September 28. He stood up before the world in the presence of the overflowing hubris of the hegemon and belled the cat.”
Donald Trump, unlike a certain candidate who promised “hope ‘n change” but then went on to be Bush Lite, or the neocons who want to implement the Likud Party’s “A Clean Break for the Realm” strategy in the Middle East, knows the score when it comes to the Middle East.
http://www.independent.co.uk/voices/commentators/donald-trump-is-much-derided-but-he-is-right-about-the-middle-east-a6698171.html
And he was absolutely right to point out GWB’s responsibility for 9/11. LMAO, you know it’s bad when the left gets all outraged about it.
All you have to do is use your Google to see all the hints W/Rice received and did nothing to keep us safe.
He did keep the Bin Ladens safe the next day.
+1.
Love how CPR unloads on the neo-cons (and the sheeple who turn a blind eye to their malevolence).
Zero Hedge = Russia Times, on foreign policy issues.
Still gets more right than wrong as compared to the “collective pravda”, aka MSM.
The UK media does a far better job than our own dumbed-down corporate media at covering the Syria war, and most other issues.
http://www.theguardian.com/world/2015/oct/17/aleppo-isis-iran-russia-rebels-bombing
‘The Debate and the Myth of the Antiwar Democrat’
‘Tunisian Nobel Peace Prize an Indictment of US Intervention in the Arab Spring’
‘The Inherent Criminality of Air Power’
It’s revealing to read RT and see their perspective on the US, bearing in mind the agenda of its Kremlin overseers. They often look frankly at issues the US corporate media won’t touch, i.e. the fault lines in American society.
https://www.rt.com/op-edge/318986-america-bomb-society-crisis/
An outside perspective is always interesting. The media in one country are often able to be more honest about another country’s problems than their own country’s problems.
Too many people read only a few media sources that tend to reinforce their own viewpoint. To be fully informed, you need to draw your news from a variety of sources, especially from independent media or non-corporate media outlets.
+1 Zero Hedge sucks. Maybe that explains the constant negativity about the US economy at Zero Hedge, “Tyler Durden” is a Russian apologist site trying to talk down US economy and markets by sowing FUD.
the economy is a debt addicted machine.
Odd fellow, your state worshipping does not impress more than three HBBers. You will get your likes for that comment on Facebook though.
Sorry, but my dislike of state worshiping extends to Putin’s cult of personality too. We’re supposed to be cheering him bombing middle easterners why?
Regardless of whether you agree with his actions or not, he is a LEADER of his country. Wish we had one of those, from either party.
he is a LEADER of his country. Wish we had one of those,
That’s in my equations below.
‘No one is discussing the reality that the Russian offensive is targeting the biggest militant threat to the Assad regime. The maps pinpointing the locations of the Russian strikes since 30 September published in various newspapers and on the website of the Institute for Study of War – the original source for the other maps – all show very clearly that they are overwhelmingly concentrated in Idlib province, the adjoining Hama province, and areas of Latakia province near Idlib. But that fact does not take on significance unless it is recalled that the al-Nusra Front – al Qaeda’s franchise in Syria – and the “Army of Conquest” linked to it, unexpectedly took control of Idlib province in a major military offensive in March.’
‘That victory in Idlib was widely reported at the time to be the biggest turning point in the Syrian war in well over two years and to represent by far the most serious challenge to the Assad regime since the beginning of the war.’
‘We now know, moreover, that the Idlib campaign was the direct result of a policy decision by Saudi Arabia and Qatar, with US approval, to support the creation of the “Army of Conquest” and provide it with new military hardware that was a crucial factor in that campaign: the TOW antitank missile. Liz Sly of the Washington Post revealed in a story on 11 October that TOW missiles had been delivered to Syrian armed groups under a program coordinated between the CIA and the Saudis. Sly further notes that the CIA-supplied TOW missiles were so important to rebels who made “gains in northwest Syria” that they have called the missile the “Assad Tamer”.
“It is no accident,” Sly reported, “that the first targets of Russian airstrikes in Syria were the locations where rebels armed with TOW missiles have made the most substantial gain and where they most directly threaten Assad’s hold on power”. That is an obvious reference to the forces that took over Idlib province in March. But Sly never refers to the “Army of Conquest” victory in Idlib or acknowledges that al-Nusra Front was the main benefactor of the CIA program. Her story quotes a proponent of the program, former US ambassador Robert Ford, as assuring us that the system prevented the missiles from “falling into extremist hands,” and that he was aware of only two TOW missiles having been obtained by al-Nusra.’
‘Sly reported a very different story in March, however, after the dissolution of Harakat Hazm, the main CIA-supported “moderate rebel group” remaining in the north, following its complete defeat by al-Nusra Front. The victorious al-Nusra announced publicly, according to Sly’s report, that it had seized the TOW antitank missiles the CIA had supplied to Harakat Hazm when it occupied the groups headquarters near Aleppo. Moreover, the Saudis reportedly had ownership of TOW missiles, and they and the Qataris had already been funneling arms to al-Nusra Front, as Vice-President Joe Biden revealed in October 2014.’
‘It is astonishing that at this late date, anyone in the media could still be seriously suggesting that the CIA somehow managed to turn the “moderate” Syrian rebels into a powerful offensive force threatening the Assad regime in the north. Since the Idlib victory, it is generally understood that the primary threat to drive the Assad regime from power comes from al-Nusra Front and the forces allied with it, and not from the Islamic State – and certainly not the mythical “moderate rebels”.
‘It is easy to understand why the Obama administration is not interested in talking about the role of al-Nusra in the present Syrian political-military situation. According to Sly’s source, the covert operation to provide the TOW missiles to the Army of Conquest was aimed at putting “sufficient pressure on Assad’s forces to persuade him to compromise but not so much that his government would precipitously collapse and leave a dangerous power vacuum”.
‘The Obama administration strategy on Syria assumed a degree of control that is so obviously unrealistic that it was inherently risky to the point of recklessness. That is why no one in the administration or the news media is discussing the reality that the Russian offensive is targeting the biggest jihadist threat to the Assad regime.’
It’s a bit more complicated than cheering for one air force or the other to bomb Arab’s isn’t it? And playing a little game with the lives of millions could be described as worse than reckless. Imagine if Al-Qaeda got control of Syria.
Imagine if Al-Qaeda got control of Syria.
Hasn’t that been the neocons’ slogan, with only the country’s name being changed ?
Have no children or other innocents been killed by Russian air strikes? Why not? Are they somehow more surgical than ours?
No, the neocons have been supporting ISIS and AQ for a long time. Remember John McCain getting his picture taken with them and pushing for more arms and money? So has Israel, it’s no secret.
‘Israel acknowledges it is helping Syrian rebel fighters
Defense minister says Jerusalem assists insurgents in exchange for promise Druze will be kept out of harm’s way. Defense Minister Moshe Ya’alon said Monday that Israel has been providing aid to Syrian rebels, thus keeping the Druze in Syria out of immediate danger. Israeli officials have previously balked at confirming on the record that the country has been helping forces that are fighting to overthrow Syrian President Bashar Assad.’
“We’ve assisted them under two conditions,” Ya’alon said of the Israeli medical aid to the Syrian rebels, some of whom are presumably fighting with al-Qaeda affiliate al-Nusra Front to topple Syrian President Bashar Assad. “That they don’t get too close to the border, and that they don’t touch the Druze.”
‘Jerusalem’s policy vis-à-vis the Druze in Syria “is very complicated and sensitive,” Ya’alon said, adding that it is not in the rebels’ interest to publicize the fact that Israel assists them.’
http://www.timesofisrael.com/yaalon-syrian-rebels-keeping-druze-safe-in-exchange-for-israeli-aid/
Turkey allows ISIS to be reinforced across it’s border because they are killing Kurds. The gulf states funded all this crap and are part of the TOW deal with the US to get at Iran. This kind of thing has only been going on for 40 years or more.
I’m not saying the neocons weren’t supporting ISIS. I’m saying “imagine if AQ/ISIS took over X country” has been the neocons’ motto for a while now. It’s a ticket into every war in the Middle East and Africa and SE Asia.
And whenever you bomb someone, you kill innocent people. That’s a given. Is it only evil when we do it?
If the Sunni jihadist take Syria they will butcher a bunch of people. Hundreds of thousands, maybe millions. The US would be in shortly; that’s probably desirable to some involved. I don’t care about Russia. But it is worth noting this:
From Moscow, Russia
To Damascus, Syria
41 h driving (3,481.8 km)
None of this would be happening if it weren’t for the US (basically neocon) regime change policy. That’s what is driving civilian deaths. Your view of all this is overly simplistic and obviously covering up for a murderous US policy, probably because the guy you voted for is pushing it. Look in the mirror for the problem.
If the Sunni jihadist take Syria they will butcher a bunch of people. Hundreds of thousands, maybe millions.
Is that any of our business?
Our business? It’s the US governments doing.
So Putin is heroically cleaning up our mess? And when he bombs them, it’s OK?
Are you dense? Look in the mirror for the problem, US regime change. You voted for it, you own it.
Wrong answer OF, buh-bye!
He’s way off base on climate change propaganda as well…
Pensacola, FL Housing Prices Dive 6% YoY
http://www.movoto.com/pensacola-fl/market-trends/
“Real Estate Agents May Be Colluding To Rip You Off”
http://fortune.com/2015/08/26/real-estate-agent-rip-off/
German sheeple who voted for the globalist Merkel and stood by her as she put them on the hook for countless trillions in bailouts to the PIIGs, are finally waking up as Merkel and her CDU flood the country with a million unassimilatable refugees.
http://news.yahoo.com/support-merkels-bloc-hits-2-1-2-low-131542968.html
So who they gonna vote? Socialists want even more refugees I presume.
Members of the 99% who vote for Oligopoly-owned candiates are going to get screwed.
Even the Left is starting to (belatedly) figure out that resettling millions of refugees who are fundamentally hostile to western civilization may not be such a good thing.
http://www.breitbart.com/london/2015/10/18/left-wing-czech-president-warns-migrants-will-follow-sharia-chop-off-hands/
fundamentally hostile to western civilization may not be such a good thing ??
Send about 50,000 of them to Texas and lets see how they do…
There’s no information that indicates that they can’t assimilate.
It seems that they can, but some simply don’t want to.
It seems that they can, but some simply don’t want to ??
Well then the ones that can and want to should rat-out the ones that don’t…Thats the best way for them to assimilate and get accepted…
I know some Arab-Americans and some Iranian-Americans. They’ve assimilated quite well. It may be more challenging to assimilate into Germany, but it shouldn’t be a big problem.
Then you aren’t looking very hard. A majority of them believe that sharia law should be enacted, in every, single, country that they have moved to.
How are their beliefs compatible with diversity, or the US constitution, for that matter?
When you believe that your religion IS the state, well, that doesn’t work here.
If Russia and Iran want to intervene in this meat grinder, they better count the cost.
http://www.moonofalabama.org/2015/10/syria-the-new-south-aleppo-campaign.html
Seeing how Obama operates — he likes to set traps for opponents to fall into and do themselves in (”Please proceed, Governor”) — I’m going with the theory that our relative inaction in Syria and the Iran nuke deal are part of a clever strategy to lure Russia and Iran into the Middle East quagmire.
Pretty soon we’ll have our own President Commacho, as the ‘tards who fell for hope ‘n change or the even worse GOP “alternatives” are still out there, they’re still stupid, and they’re being joined en masse by the dumbed-down products of our NEA indoctrination mills. President Lindsey Lohan, Yes We Can!
http://www.breitbart.com/big-hollywood/2015/10/17/lindsay-lohan-announces-may-run-president-2020/
Kim Kardashian is still 1000/1 to win the US presidency on Paddy Power.
Trump has moved up to tie Jeb at 9/2. The Hillary is 5/4.
Christie at 40/1, Paul Ryan at 66/1, might be good long shot bets.
More validation, as if more were needed, of my contention that 95% of the electorate are retards.
Reading a garbage site like Breitbart puts the reader into the 95% category.
Andrew Breitbart was murdered under direct orders from Obama.
And Sharryl Atkisson is next…
Mitt is 50/1. Hmm…
He jumps in after it looks like Trump might actually take the nomination, and gets the nod after the GOP establishment falls behind him, just like they squeezed out RP, then the Hillary f#s up her campaign somehow (easily imaginable)…Easy money!
How’s that hope ‘n change working out for ya, ‘Murica?
http://america.aljazeera.com/articles/2015/10/17/hawaii-declares-homeless-state-of-emergency.html
I was reading about that yesterday. I guess, if you’ve gotta be homeless, there couldn’t be a better place than Hawaii.
OTOH, too many people, too much chromosome damage.
Why do the rabid warmists never discuss this issue of overpopulation? Way too many people.
if you’ve gotta be homeless, there couldn’t be a better place than Hawaii.
How do they get there though?
How do they get there though ??
Likely were born there…
I rented a car on Kauai for a week. We were warned about leaving valuables in the car. Many local jobless or low skilled love to prey on naive tourists. I had a dodge magnum with tinted rear windows and a sort of cover in back. It was a deterrent and I wasn’t bugarized.
It’s a big problem - it was the same when I have been over to the Big Island. We didn’t have any problems, but many rental cars have trunk release buttons inside the passenger compartment that can’t be locked, so even stuff in your trunk isn’t safe. And all of the locals can spot a rental car a mile away.
From yesterday:
———————-
Comment by Jingle Male
2015-10-18 06:21:16
Wallison is a closed minded hedgehog who can’t see the forest for his burrow. The only way to answer singularists is with singularity. So here is my answer to him:
Originators of all SF home loans are financially liable for 5% of the loan for 5 years and must hold the loan and season it for 12 months before selling it to anyone, including the government.
Done. No more fraud. Case closed.
———————-
Here’s my proposal: get rid of Fannie/Freddie entirely. The only government involvement in housing finance would be FHA. After all, isn’t this what conservatives SAY they want?
“Get the government out of housing,” sez the conservative. OK, no more Fannie/Freddie.
“You forced us to loan money to those lazy poors under Community Re-investment act,” sez the conservative. OK, we’ll let the middle class and lower come to FHA for those, a “public option” mortgage, if you will.
And just to be sure that the innocent banks aren’t tainted by the evil stench of government, FHA should be fully inside the government, run by boring career government bureaucrats. No contractors or public-private partnerships.
Be careful what you wish for, banks. You just might get it.
The massive, massive amount of FHA fraud because of lazy bureaucrats
tells you this would just result in more and more fraud. Just like every single government program that distributes any money to anyone.
^Ongoing massive fraud. Case Closed.
You do realize that FHA is not administered by the government? It’s administered by banks who lie and cheat, on the knowledge that there aren’t enough bureaucrats to police every bank.
My suggestion was to simply make FHA its own mortgage bank, sort of like the post office. Take away the private sector, and most of the fraud will go with it. If those government bureaucrats are too lazy to work at another company, then they are probably too lazy to cheat, too.
Donk,
The issues other than govt induced mortgage fraud is simply the debt culture they create and it comes down to this;
If you have to borrow for 15 or 30 years, you can’t afford it nor is it affordable.
Sorry, if we learned anything from Lehman et al reselling junk mortgages as “A rated” and from Enron, it’s that the private sector has a much greater capacity for fraud than the government does. Government problems tend to be smaller in scale, mostly involving inefficiencies and waste, with some cases of self-dealing or conflicts of interest. But if you want all-out theft and fraud, you can’t beat the private sector for that.
Did the you pick up the sarcasm in my original post? I proposed to keep FHA entirely in the government ostensibly to protect the private sector from government, when the real goal is to protect the government from private sector.
I got it, but “ProxyServer” (aka ???) apparently didn’t : - )
More “fundamental transformation” in store for Europe.
http://www.dailystar.co.uk/news/latest-news/470396/ISIS-Islamic-State-Sweden-Europe-threat
“felt more like a cult meeting…”
http://i100.independent.co.uk/article/someone-has-dubbed-bbc-north-korea-commentary-over-footage-of-britains-royal-family–Z1gUaEXu0we?utm_source=indy&utm_medium=top5&utm_campaign=i100
Between the Fed and it’s printing press, and our profligate Congress, the dollar is toast over the long haul.
http://www.zerohedge.com/news/2015-10-17/dollar-moves-shake-world-federal-reserve-could-start-currency-war
Has the China growth scare blown over by now?
The truth behind China’s manipulated economic numbers
Beijing’s massaged growth statistics have long over-estimated growth. So what do we really know about what’s going on in the world’s second largest economy?
Growth estimates for China range from anything to 3pc-7pc this year
By Mehreen Khan
12:00AM BST 18 Oct 2015
The true state of China’s economic fortunes remain a mystery to the world.
Monday will see the latest round of official quarterly GDP statistics from Beijing’s National Statistics Bureau. Economists expect they will reveal another moderate slowdown in growth to around 6.8pc - the lowest rate of expansion since the depths of the financial crisis six years ago.
Yet the government’s estimates have long been dismissed as an accurate barometer of what’s really going on in the Chinese economy.
“There has been a long history in China of the official GDP data understating true GDP during a boom and overstating it during a slowdown”, wrote Willem Buiter in September- a former Bank of England rate-setter and influential economist at Citi.
Questions over China’s “actual” rate of growth have been thrown into sharp relief after a summer of turmoil in financial markets. Sudden anxiety over a Chinese “hard-landing” left investors dumbstruck. Billions were wiped off global stock indices and authorities were forced to suspend trading to prop up equity prices.
China data-watching has now become the main driver for global economic sentiment.
…
Has the China growth scare blown over by now ??
I don’t think so…The markets that absorb their stuff are weak…Internal consumption in China cannot ramp up fast enough…I look for China to continue to do things that will stimulate…
The rest of us look for China Communists to continue manipulating data, printing money and building more supply of everything as global demand collapses.
debt is best for business.
Remember…. Nothing accelerates the economy like falling prices. Nothing.
Ventura, CA Housing Prices Plunge 5% YoY
http://www.movoto.com/ventura-ca/market-trends/
Debt is not good for any enterprise these days. We like to run a debt free company which mean more profits for us.
Debt is not good for any enterprise these days. We like to run a debt free company which mean more profits for us ??
Apple has $200+ Billon in the bank….Churns cash flow out like a printing press but still chooses to have 45.5 Billion in debt…Its all about level of leverage vs. cash vs. cash flow…
A cult like organization churning out and stockpiling cheap gadgets doesn’t meet the standard definition of successful “enterprise”.
‘convert or die’
I’m going with option B
Conditional Acceptance Counteroffer (My Counsin Vinny) - YouTube
http://www.youtube.com/watch?v=qiuCKv3tooc - 169k -
Christians living in Sweden have been told to ‘convert or die’ in chilling messages across Gothenburg – a hotbed of ISIS recruitment
By Simon Tomlinson for MailOnline
Published: 09:08 EST, 16 October 2015
Christians living in Sweden have been warned to ‘convert to Islam or die’ in a string of threatening messages linked to the Islamic State.
Members of the Assyrian community are understood to have been targeted with sinister graffiti daubed on restaurants and businesses in Gothenburg – a hotbed for jihadist recruitment.
The messages bear all the hallmarks of the chilling psychological warfare employed by ISIS in the Middle East, but as yet Swedish police have been unable to track down those responsible.
Markus Samuelsson, one of 3,000 Assyrian Christians living in Gothenburg, said he found the walls of his restaurant covered with the messages ‘convert or die’ and ‘the caliphate is here’.
Read more: http://www.dailymail.co.uk/news/article-3275866/Christians-living-Sweden-told-convert-die-chilling-messages-Gothenburg-hotbed-ISIS-recruitment.html#ixzz3ovsk4bYc
Follow us: @MailOnline on Twitter | DailyMail on Facebook
More on the Obama-Fed-Goldman Sachs “recovery.”
http://www.theburningplatform.com/2015/10/14/ignore-the-media-bullsht-retail-implosion-proves-we-are-in-recession/
What our Oligopoly power couple, the Clintons, have bequeathed us.
http://www.theburningplatform.com/2015/10/18/clinton-made-student-loans-non-discharable/
Sunday Funnies.
http://www.theburningplatform.com/2015/10/18/sunday-funnies-84/
Daytona Beach, FL Housing Prices Fall 8% YoY As Housing Demand Plummets Nationally
http://www.movoto.com/daytona-beach-fl/market-trends/
Big Banks to America’s Firms: We Don’t Want Your Cash
Profit-crunching low interest rates have banks judging cash too costly to keep
http://www.wsj.com/articles/big-banks-to-americas-companies-we-dont-want-your-cash-1445161083?mod=trending_now_3
Yup, and it’s clear that the banks have been pressuring Fed governors to vote for a rate increase. Whether or not that’s economically sound is secondary to the banks; they want to make more on spreads.
Trump, Carson, Rubio, etc. all support the FSA. For them it’s a different army, that’s all.
“Republicans offer up free stuff too — deciding who gets what and who pays for it all is sort of the core function of government policy after all — but they bestow their gifts on a different set of people.
The [Republican candidates]… are competing to lead promises to cut taxes on giant corporations that already pay lower effective rates than many working families. It wants to lower taxes in ways that would primarily benefit the already well off. It wants to continue subsidizing wealthy families through popular tax deductions that give people “free stuff” more inconspicuously than food stamps or Medicaid.” — ThinkProgress
It’s funny that you think allowing businesses and people to keep THEIR OWN MONEY is the same as members of the FSA getting handouts.
A tax cut or tax deduction merely allows people to keep more of their own money.
It’s not funny. It is sad. WPA is an Obama worshipper who believes “you didn’t build that.”
WPA = FSA
Nah. I’m no Obama worshipper. I give him a B-. I’ll never forgive him for not prosecuting big bankers and putting them in jail.
Goldman Sachs was his #2 donor. Did you really think he was going to jail any banksters?
I’d give Obama a D. I’d give George W Bush an F-.
Well, Karen, I’ll challenge you to think a little deeper. What happens when there’s a tax cut _and_ the government is running a deficit? The deficit gets larger. When the deficit is larger, the Treasury must issue debt instruments such as bills, notes and bonds. And who pays for all this new debt? We all do. It’s the Republican form of socialism: reduce the tax bills of the wealthy and pass those bills off on the public through the federal debt.
Thinking inside the box: The $600-a-month shipping container village for young professionals getting creative to avoid staggering rents in San Francisco
San Francisco is the most expensive place in the U.S. to rent a property
Median rent for a one-bedroom apartment in San Francisco is $3,500
That is twice as much as Los Angeles, where same property is $1,750
A shipping container village - Containercopia - is growing in Oakland
Residents get a modified 160-square-foot metal box for just $600 a month
http://www.dailymail.co.uk/news/article-3277963/The-600-month-shipping-container-village-young-professionals-getting-creative-avoid-staggering-rents-San-Francisco.html
It would be better for some other nation state to try to be world empire and for the USA to give up the empire. We need to retool and get out of a defense spending society and the money freed up will allow for investment into peaceful businesses and innovation.
I laugh at the accusation of “swooning over Putin.” There is a big difference: American taxpayers are not forced to support Putin. Whereas for the Deity Obama, public debt more than doubled since his reign began in January 2009. Swooning is harmless as long as someone else pays for the swoon.
http://www.zerohedge.com/news/2015-10-18/cnn-anchor-demands-americans-stop-swooning-over-putin
I laugh at the accusation of “swooning over Putin.”
We bomb people = Stupidest thing ever, here comes the blowback.
Putin bombs people = Now that’s a man! Sit back and learn chumps.
We bomb people = Think of the children!
Putin bombs people = Now that’s a man! Don’t you wish we had one?
Putin is a ruthless dictator with his own circle of corrupt, sleazy oligarchs. Not a fan, though he has a talent for calling out double-talk and hypocrisy.
Whereas for the Deity Obama, public debt more than doubled
Since Obama took office in 2009, the federal deficit has shrunk every single year _regardless_ of whether it was a D or R Congress. And the only reason Obama’s first budget was deep in the red is because GW Bush handed over a ruined economy.
You’re lying.
Obama’s treasury emptying spending resulted in deficits every single year of his presidency.
Furthermore, they’re the largest single deficit spending years in US history.
https://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/hist01z1.xls
Not lying. Official on-budget federal deficits by year:
2009 -1,549,681 million
2010 -1,371,378
2011 -1,366,775
2012 -1,148,876
2013 -719,007
2014 -514,114
2015 -595,455
2016 -476,850 est.
Correction — the deficit has shrunk every single year except 2015 but is forecast to continue the downward trend in 2016.
And the highest in US history every year under the Obama presidency.
You understand truth, context and data as much as construction.
the money will never be repaid either. Its like a free ride.
Come on and take a free ride, free ride
Are you sure?
Coppell TX Housing Prices Plunge 6%YoY; Inventory Balloons 62%
http://www.movoto.com/coppell-tx/market-trends/
The State news and the national picture:
Bozeman company closes suddenly, leaves 35 people without jobs
BOZEMAN, Mont. -
VIA International used to sell high-end electronic systems, but now its doors are closed for good after its senior lender said it wasn’t going to fund the company’s operations anymore.
More from NBC Montana
A receiving company was sent to the Bozeman office to take inventory and take control of the company’s assets.
An employee who did not want to be identified gave NBC Montana a copy of the letter given to the employees. It said the company had no plans to pay wages for the last two weeks.
It stated, “The receiver has the discretion but not the obligation to pay employees for accrued but unpaid wages and PTO. The company cannot control how the receiver will exercise the discretion, if at all.”
The letter also said health care flex funds are gone and workers are not eligible for extended COBRA coverage.
The worker said VIA didn’t give anyone any kind of job placement assistance.
Bozeman Job Services said, before a layoff, many employers will approach them to help employees with job placement, but they didn’t know VIA was even closed until we went into their office.
“We would go there and meet with them before the layoffs happen. We do that often. An employer will call and say ‘Hey, here’s what’s going to be happening.’ We say, ‘Hey let’s bring our team over, share information and meet with them.’ That’s happened many times, ” said Lisa Crooks, an employment specialist.
NBC Montana tried reaching out to the former owner multiple times, but he did not want to make a comment.
The company has 20 locations across the country, and all of those locations are closing.
Employees aren’t the only ones left in the lurch. NBC Montana spoke with an area contractor who has worked with the company and said there are about 60 projects that VIA was working on or getting ready to start in the Big Sky area.
Bozeman Job Services says there are about 900 available jobs in the area. If any people who just lost their jobs at VIA International want help looking for new employment they can contact them.
Via International Ceases Operations: High-End Home Technology Group in Receivership
On the eve of CEDIA Expo 2015, employees of Via International have been terminated and the merger of six high-end, high-profile home technology integrators has come to an end. Company is in receivership.
And zooming out:
Via International, the result of a merger among six high-profile, high-end home technology integrators, closes after two years
Via International, the bold merger of six high-end, high-profile CE Pro Top 100 home technology integrators, is in receivership after two years of operation. Employees at all locations have been let go.
Via had 20 “locations,” in Arizona, California, Colorado, Hawaii, Montana, Utah and Wyoming, some of which were satellite offices for a handful of hubs.
The company was #4 on the CE Pro 100 list for 2015, which tracks performance for the 2014 calendar year. Via, the leading pure-custom integrator on the list (following Best Buy/Magnolia, Vivint and ADT), reported revenues of nearly $74 million on roughly 375 residential installations for the year. The company reported 375 full-time employees and expected to be up 17% in revenues this year.
Via had been laying off employees over the past several months. One who was “fired” today told CE Pro the mood was grim.
It is unclear, he says, if individuals will be paid for past work or if expenses will be paid. Insurance ends this month and no Cobra will be provided, he said.
Via was a wildly ambitious effort to create a national high-end home systems integration business. Unfortunately, no such effort has succeeded in the past.
Too late: 400 cities in America, including Miami and New Orleans, will likely be submerged by rising sea waters
The Telegraph
Ruth Sherlock, The Telegraph
Oct. 15, 2015, 8:32 AM
For millions of Americans, climate change has already passed the point of no return: no matter what action the world tries to take, their cities will be submerged by rising sea levels.
Scientists have identified 414 towns and cities in the United States that are guaranteed to eventually be underwater, regardless of how much humans decrease their carbon emissions.
“To me this is really a question of our American legacy and American heritage,”Mr Strauss said. “Are we going to let the ocean take a state-sized bite out of America? If we make extreme efforts to cut carbon, we can avoid that.”
Comments
Fairies fly everywhere
on Oct 15, 8:40 AM said:
It’s the same scientists that said NY will be under water by… 2005?
They are lying
on Oct 15, 9:21 AM said:
@Fairies fly everywhere: These are the same liberal idiots who said that the Arctic ice sheet would be melted by 2013. Remember this idiots?
http://news.bbc.co.uk/2/hi/7139797.stm
And once again the liberal idiots of BI do not tell the readers that the “scientists” have been caught tampering with the historic temperature record to make it look like global warming is real. Read it and weep idiots
https://stevengoddard.wordpress.com/2015/07/27/mind-blowing-temperature-fraud-at-noaa/
Anti BS
on Oct 15, 2:02 PM said:
Research and endorsements, paid for by the Liberal Left’s endless supply of taxpayer dollars to promote the Liberal agenda.
B Bracken
on Oct 15, 3:46 PM said:
such a load of crap.
As a geologist I would like to point out the amount of speculation being presented as fact is just plain appalling.
Lawrence Durbin
on Oct 15, 4:28 PM said:
This EXACT forecast was made before - in 1922! Living full time in Florida - North (Saint Augustine) and South (Fort Lauderdale), let me be clear, “WE HAVE NO RISING SEAS IN EITHER LOCATION!” Tired of “scientists” paid by the Obama Administration cherry picking climate models which did not turn out to be correct in 1922 nor 2015.
Grimalkin
on Oct 17, 10:21 PM said:
That was a good laugh! Thanks for the humor article!
http://www.businessinsider.com/…that-will-be-underwater-because-of-climate-change-2015-10 - 374k -
Comment by phony scandals
2015-10-18 11:16:57
Too late: 400 cities in America, including Miami and New Orleans, will likely be submerged by rising sea waters
The Telegraph
businessinsider.com/cities-that-will-be-underwater-because-of-climate-change-2015-10
Scientists have identified 414 towns and cities in the United States that are guaranteed to eventually be underwater, regardless of how much humans decrease their carbon emissions.
LOL, that article was fantastic comedy!
Scientists have identified 414 towns and cities in the United States that are guaranteed to eventually be underwater, regardless of how much humans decrease their carbon emissions.
Ooooo, could we get some precise dates along with that prediction, so that it can eventually be fact-checked? That would be awesome.
Nobody should have ever built anything below sea level, see New Orleans.
Rebuilding it was even more stupid.
It has nothing to do with climate change.
Bye, Florida.
“Bye, Florida.”
You said it would be underwater in a year a year ago.
With predictions like that you should qualify for million dollar federal grants that you can pay your wife with for part time work.
——————————————————————–
Scientist who advocates prosecuting climate skeptics ‘paid himself & his wife $1.5 million from govt climate grants for part-time work’
September 22, 2015
From 2012-2014, the leader of the 20-scientist effort to prosecute climate skeptics under RICO reportedly paid himself and his wife $1.5 million from government climate grants for part-time work.
George Mason University Professor Jagadish Shukla, a Lead Author with the UN IPCC, reportedly made lavish profits off the global warming industry while accusing climate skeptics of deceiving the public.
Shukla is leader of 20 scientists who are demanding RICO (Racketeer Influenced and Corrupt Organizations Act) charges be used against skeptics for disagreeing with their view on climate change.
Shukla reportedly moved his government grants through a ‘non-profit’. The group “pays Shukla and wife Anne $500,000 per year for part-time work,” Prof. Roger Pielke Jr. revealed.
“The $350,000-$400,000 per year paid leader of the RICO20 from his ‘non-profit’ was presumably on top of his $250,000 per year academic salary,” Pielke wrote. “That totals to $750,000 per year to the leader of the RICO20 from public money for climate work and going after skeptics. Good work if you can get it,” Pielke Jr. added.
See more:
http://www.climatedepot.com/2015/09/20/update-leader-of-effort-to-prosecute-skeptics-under-rico-paid-himself-his-wife-1-5-million-from-govt-climate-grants-for-part-time-work/
Bub-bye, suckers! You shouldn’t have built on a sand bar when the world is burning the mother of all bonfires!
We had a doozy of a bonfire today down in the sand pit while target practicing. I brought two spent bar tread tires from a wheel loader and we doused them with 5 gal buckets of used motor oil.
“my carbon footprint is bigger than yours”
death cult = sociopathic syndrome
It’s a good time. It’s what we like to do. The real fun begins when we bring mostly empty propane cylinders down for target practice.
“…the Arctic ice sheet would be melted by 2013.”
I wonder if our own PolySci rising sea level barkers understand why even if all the Arctic sea ice melts, the oceans would not rise an iota because of it. This is pretty simple stuff.
If you start with a lie, everything that follows is based on a lie.
Arctic summers ice-free ‘by 2013′
By Jonathan Amos
Science reporter, BBC News, San Francisco
12 December 2007
Arctic summer melting in 2007 set new records
Scientists in the US have presented one of the most dramatic forecasts yet for the disappearance of Arctic sea ice.
Their latest modelling studies indicate northern polar waters could be ice-free in summers within just 5-6 years.
Professor Wieslaw Maslowski told an American Geophysical Union meeting that previous projections had underestimated the processes
now driving ice loss.
—————————————————————————–
Monday, 30 December 2013
Global Warming Alarmists Stuck In Antarctic Sea Ice
Written by Alex Newman
Global Warming Alarmists Stuck In Antarctic Sea Ice
The alarmists set sail for Antarctica with a plan to show the world how badly alleged man-made “global warming” was wreaking havoc across the region. Instead, their Russian-flagged ship was frozen in place after sea-ice coverage hit record-high levels this year. The dozens of global warmists onboard are still stuck as multiple ice-breaking rescue vessels were unable to reach the frozen ship. Climate realists and the alternative press, meanwhile, were quick to ridicule and poke fun at the stranded and beleaguered alarmists. However, the increasingly discredited establishment media has largely failed to notice or report the irony.
The doomed Antarctic “climate research” expedition that ended up being trapped in ice was led by Chris Turney, a professor of “climate change” at the University of New South Wales in Australia. He claims emissions of essential-to-life carbon dioxide — exhaled by all humans — must be drastically curtailed by government to stop “global warming,” which has been non-existent in recent years. The controversial alarmist, who boasts of setting up a “green” business known as “Carbonscape” to profit from increasingly discredited theories underpinning climate hysteria, was on a self-proclaimed mission to “discover and communicate the environmental changes taking place in the south.”
http://www.thenewamerican.com/…/17277-global-warming-alarmists-stuck-in-antarctic-sea-ice - 89k -
Summer melting this year reduced the ice cover to 4.13 million sq km, the smallest ever extent in modern times.
Remarkably, this stunning low point was not even incorporated into the model runs of Professor Maslowski and his team, which used data sets from 1979 to 2004 to constrain their future projections.
In the end, it will just melt away quite suddenly
Professor Peter Wadhams
“Our projection of 2013 for the removal of ice in summer is not accounting for the last two minima, in 2005 and 2007,” the researcher from the Naval Postgraduate School, Monterey, California, explained to the BBC.
“So given that fact, you can argue that may be our projection of 2013 is already too conservative.”
Russians/Canadians are loving it.
Sad little man,
Banging his drum,
For the 16%,
Who are still very dumb.
“For the 16%,”
LMAO
Comment by WPA
2015-10-17 09:05:08
Only 16% of Americans doubt climate change evidence now. “The big shift here is amongst Republicans, and it is a huge one,” said Barry Rabe, professor of public policy and environmental policy at the University of Michigan, and a co-author of the poll. “A majority of Republicans support the evidence behind global warming for the first time since 2008.”
Phony, conservatives are abandoning climate denial in droves. You better join them, you don’t want to miss the train leaving the station
———————————————————————————-
Barry Rabe, University of Michigan – The “Impossible Dream” of Carbon Taxes: Is the “Best Answer” a Political Non-Starter? Download Powerpoint Presentation.
I’ll bang my drum for you,
Ba-rum-pum-pum-pum,
Me and my drum,
For those who are dumb,
Rum-pa-pa-pum…
The “Impossible Dream” of Carbon Taxes: Is the “Best Answer”
So long, phony. I’ve been black-listed.
Bothell, WA Housing Prices Dive 5% YoY
http://www.zillow.com/bothell-wa-98011/home-values/
A house will help u make your dreams come true!
Only voting for Pedro will do that.
“Instead, they provide funding for financial market gamblers and carry traders. That is, these central bank generated finance pools provide the transient wherewithal of leveraged speculation; they are not permanent capital itself nor are they invested in long-term claims upon it. Accordingly, the price of financial assets is now artificial and wildly inaccurate—– set by speculators front-running central banks, not price discovery among investors and savers.
At about exactly this point in the bubble cycle back in mid-2007, GAAP earnings on an LTM basis came in at $85 per share at a time when Wall Street’s ex-items hockey stick was pointing to $120 per share for 2008. Needless to say, that never materialized, but GAAP earnings soon plunged through $50 per share and by the June 2009 bottom posted at negative $15.
This time around the Wall Street equity research shills and so-called strategists are calling for $130 per share on an ex-items basis. That will never happen, of course, but the fact that it is given wide credence in the casino is indicative of the sickness all around Wall Street.”
http://davidstockmanscontracorner.com/wall-streets-latest-bounce-ostrich-economics-at-work/
crater
The great unraveling, explained.
http://www.amazon.com/Shattered-Consensus-Decline-America%C2%92s-Political/dp/1594036713?tag=nypost-20
China dumping US debt. What happens when “investors” realize the low yields do not justify the risk of buying USTs given the potential for a US default and the Fed’s debasement of the currency?
http://www.bloomberg.com/news/articles/2015-10-18/china-s-selling-tons-of-u-s-debt-americans-couldn-t-care-less-
They need to dump in order to raise cash!
How can we maintain the FSA and the Wall Street welfare queens in the style they’re accustomed to, AND fight all the neo-con wars HillaryJeb and their clown car clones want to commit us to? WE’RE BROKE.
http://cnsnews.com/news/article/barbara-hollingsworth/economist-tells-congress-us-may-be-worse-fiscal-shape-greece
This is rich - London’s FInancial Times tells us a “strong press” is needed to rein in crony capitalism, yet six corporations and their oligarch owners control every media outlet of note in the US. Yeah, they’ll police themselves.
http://www.ft.com/intl/cms/s/0/8843ca9e-70f5-11e5-9b9e-690fdae72044.html#axzz3oxpIkvkL
Massive 0.1% miss for AlbqDan on China GDP growth rate!
Business
China’s economic growth slows to 6.9%
41 minutes ago
From the section Business
China’s economy grew 6.9% in the third quarter, the weakest rate since the global financial crisis.
The year-on-year growth rate is also below the government’s 7% target.
Though slightly above expectations, the data is expected to raise pressure on policymakers to step up monetary policy to stem the slowdown.
China’s economy has been hit by extreme stock market volatility over the summer and weak economic data, causing concern on markets around the world.
Most analysts were expecting growth figures of 6.8% for the July to September period.
The latest growth figure comes after a slew of disappointing data out of China. Earlier in the month, manufacturing data suggested the sector continued to contract for September.
…