December 21, 2015

Bits Bucket for December 21, 2015

Post off-topic ideas, links, and Craigslist finds here. Please visit my Youtube channel which you can also find here:

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259 Comments »

Comment by The Selfish Hoarder
2015-12-21 05:02:19

This ship is sinking

“This ship is sinking,” retired U.S. Army Colonel Lawrence Wilkerson tells Abby Martin, adding that “today the purpose of US foreign policy is to support the complex that we have created in the national security state that is fueled, funded, and powered by interminable war.”

http://www.zerohedge.com/news/2015-12-20/americas-ship-sinking-former-bush-official-exposes-unfixable-corruption-inside-estab

Comment by Professor Bear
2015-12-21 05:49:06

The Threat Inflation Complex sucks up alot of resources to defend us against manufactured threats…ALOT!

Comment by The Selfish Hoarder
2015-12-21 05:52:34

I like his final remarks. His solution is potentially revolution.

Comment by Goon
2015-12-21 06:18:21

And a very happy Monday morning to you too :)

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Comment by Ben Jones
2015-12-21 08:07:20

How gun deaths became as common as traffic deaths– For the first time on record, Americans are as likely to die by a gunshot as in a traffic accident, according to new federal data. Gun deaths now outnumber vehicle deaths in 21 states and the District of Columbia. That was true in just two states a decade ago, Alaska and Maryland. The trend was driven largely by the sharp drop in the rate of traffic fatalities, a result of a series of laws and safety measures aimed at making driving safer. Gun homicide rates also have fallen in recent years, but have been offset by the rising prevalence of suicides. Today, suicides account for roughly two out of every three gun deaths. By Christopher Ingraham and Carolyn Y. Johnson

https://www.washingtonpost.com/news/wonk/wp/2015/12/18/how-gun-deaths-became-as-common-as-traffic-deaths/

This got me thinking; I am more likely to be killed by a falling soda machine than a terrorist, and a coconut, and a bee sting, lots of things added up make the threat inflation really dumb. But then it hit me; I am more likely to kill myself than to be killed by a terrorist!

Comment by Raymond K Hessel
2015-12-21 08:22:37

Most “gun deaths” are scumbags killing other scumbags.

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Comment by Professor Bear
2015-12-21 09:04:37

“I am more likely to kill myself than to be killed by a terrorist!”

Especially true for angry old white male gun owners…

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Comment by Blue Skye
2015-12-21 10:43:36

Anyone taking out a 30 year mortgage on an overpriced house has already committed suicide.

 
Comment by Professor Bear
2015-12-21 10:48:50

Why incur the expense of buying a gun when you can sign your life away for free by taking out a mortgage?

 
Comment by Red Pill
2015-12-21 15:25:54

“Especially true for angry old white male gun owners…”

Looks like George has you on the payroll now.

It’s funny how you see the “Angry while gun owners” mantra coming from the media, the POTUS and bloggers all on the same day.

How do I get that email blast?

 
Comment by Professor Bear
2015-12-21 16:35:36

Who is George?

I don’t get paid to post here, and I barely pay any attention to the MSM. Your characterization of my independent opinion as representative of some kind of movement is patently false.

 
 
Comment by Rental Watch
2015-12-21 13:31:25

How about compared to drowning in a swimming pool?

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Comment by Rental Watch
2015-12-21 13:32:26

Or maybe that’s accidental deaths in the home, not including wackos with guns.

 
 
 
 
Comment by Raymond K Hessel
2015-12-21 08:45:14

That is an eye-opening interview. Unfortunately, most ‘Muricans lack the intelligence to grasp the magnitude of what COL (ret.) Wilkerson is telling them.

Comment by The Selfish Hoarder
2015-12-21 09:14:01

Most don’t want to know.

Henrik Ibsen wrote a play once about a crazy wealthy guy who thought he was king (I think his name was Donald Trump) - seriously, like King Henry. He even had his staff go along with his lunacy. It was a tragedy I suppose. But the moral of the play was that even if it’s all nonsense and people know it, many will stay in the same role, be in the same rut and follow through on the lunacy.

That spells doom for us all.

Comment by Professor Bear
2015-12-21 16:38:05

It will be a tragedy for America if Donald Trump gets elected president.

Not to suggest that there are other far superior choices…

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Comment by WPA
2015-12-21 09:09:22

“This ship is sinking,” retired U.S. Army Colonel Lawrence Wilkerson tells

A Russian propaganda site, Zero Hedge, is telling us the US military sucks. Who woulda thunk it?

Comment by butters
2015-12-21 09:20:34

Closing of an american mind

Comment by WPA
2015-12-21 09:26:26

Before accepting the spoon into your mouth, it is wise to see who is feeding you first

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Comment by The Selfish Hoarder
2015-12-21 09:21:56

So you are implying that does not add up? Maybe one of two of your assertions is wrong. 1) Russian propaganda site or 2) the site is telling us the US military sucks.

And your posts are usually leftist welfare posts, not posts favorable to aggression and war. I cannot figure you out unless you are a neo-Democrat, i.e. A neo-conservative just like Democrat Obama and like Democrat Hillary Clinton.

Comment by WPA
2015-12-21 09:35:13

Of course it Zero Hedge’s article adds up — Russia and the US’s militaries are still in a Cold War posture against each other, and ZH does not hide the fact they publish direct from Sofia, Bulgaria, which happens to be Russia’s best ally after the Eastern Curtain came down. So this article on ZH is exactly as expected, just like you’d expect an anti-US article coming out of Pyongyang.

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Comment by Blue Skye
2015-12-21 10:46:18

The best analysis of what is happening in the US comes from sources outside the US. Amazing!

 
Comment by WPA
2015-12-21 10:54:32

If you think the highly cynical, highly negative exaggerated commentary from ZH is the “best analysis,” well then please enjoy the Stalinist commentary, it’s a free country after all.

 
Comment by Mafia Blocks
2015-12-21 11:02:44

“It’s a free country”

Indeed it is so get over it and get on with your life.

 
 
Comment by The Central Scrutinizer
2015-12-21 09:52:36

It’s just possible that despite leaning left, he evaluates situations and reaches his own conclusions, some of which are not left leaning…. Unlike most here that evaluate conclusions based on whether they fit an ideology. The latter technique is a favorite of those that brand themselves “free thinkers.”

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Comment by The Selfish Hoarder
2015-12-21 10:34:27

I don’t fit on the primitive left-right paradigm either. Being anti war, pro RKBA, anti tax and intolerant of bigots, gets me accused of being illogical until one realizes the common theme is individualism and the non aggression principal.

 
 
 
Comment by Raymond K Hessel
2015-12-21 13:14:46

I’m guessing Col Wilkerson (ret) knows a lot more about the true state of the US military than a mangina like you ever will, WPA.

Comment by Mafia Blocks
2015-12-21 13:33:58

lolz

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Comment by Bubblebot
2015-12-21 20:56:39

+1. Indeed.

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Comment by Mafia Blocks
2015-12-21 10:39:57

Think for yourselves my friends. Think for yourselves.

“Central Banks Have Pushed The Middle Class Down Into Neofeudal Serfdom”

http://www.zerohedge.com/news/2015-12-21/central-banks-have-pushed-middle-class-down-neofeudal-serfdom

 
 
Comment by frankie
2015-12-21 05:49:19

The pessimist

Richard Hyman, veteran retail industry expert:

The discounting this year is unprecedented. I’ve never seen anything like this and I’ve been working in the industry for 35 years.

Retailers across every sector of the industry have spent the last year teaching customers to only buy on sale. UK retail now has too many companies, with too many stores and too many websites, chasing too few customers.

An excess of supply over demand is forcing the majority of the industry to resort to price cutting in order to put money in the tills. And the message to shoppers is clear - if you see something you like, wait for the next promotion when it will be cheaper.

Right now, 70% of companies are running a price promotion. Clearly, the majority of retailers feel that they cannot entice shoppers to spend without offering the price drug as an incentive.

When most of the market is discounting, it tells you that they are doing it by default not by design. It suggests spending is so weak that sales are not coming through in the way retailers need and they have to turn stock into cash.

What we’re seeing now is a structural change in retail indicating a growing excess of supply over demand.

http://www.bbc.co.uk/news/business-35131995

Disappointing sales on the high street this year has seen retailers continue to slash prices to attract last-minute Christmas shoppers.

Analysts say online demand has risen by 20 per cent this year alone, leading to fewer people taking to the British high street and spending their cash in-store.

Saturday was expected to be the busiest day in the Christmas shopping calendar as high street shops slashed their prices in an attempt to coax consumers down the aisles.

Read more: http://www.dailymail.co.uk/news/article-3368424/Retailers-continues-slash-prices-attract-Christmas-shoppers-Disappointing-sales-high-street-lead-countless-bargains-analysts-say-online-demand-risen-20-2015.html#ixzz3uxWDtR00
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Comment by oxide
2015-12-21 09:37:18

At least in the US, good quality office apparel is actually quite expensive online. $40 tops, $70 skirts, $95 dresses.

I was debating whether to go to one of the outlet malls last weekend or next weekend, and decided against it. If the discounting is good now, the traditional mid-late January sales will be very good… if I can find things in my size/style. (not that it helps; my winter wardrobe is filled out, summer wardrobe needs more.)

Comment by frankie
2015-12-21 14:37:03

Oxide I’m sure you look stunning in what ever you wear, unfortunately i can’t say the same for myself.

 
 
 
Comment by frankie
2015-12-21 05:52:18

Aberdeen has seen some of the strongest growth in the residential real estate market in recent years but now it is under a period of adjustment after seven years of phenomenal growth, according to a new analysis.

The residential market across the Aberdeen area is being affected by uncertainty within the oil dependent local economy and prices have started falling, data for the third quarter of 2015 shows.

According to the report from real estate firm Savills in the 12 months to the end of September 2015 the overall average sale price in Aberdeenshire was the second highest in Scotland, behind Edinburgh. The average price in Aberdeen City was the fourth highest, behind East Renfrewshire, over the same period.

Indeed, data for the 10 year average for the overall residential market, values are 24% higher in Aberdeen City and 19% higher in Aberdeenshire, compared to 11% for Scotland as a whole.

Furthermore, prime values in the Aberdeen area are 34% higher than they were in 2007, the peak of the Scottish market. This compares to a drop of 22% for Scotland as a whole. Despite the recent turmoil, monthly residential rental prices in Aberdeen remain the highest in Scotland.

However, there was a fall of 2% in Aberdeen City and 4% in Aberdeenshire in mainstream prices during the third quarter of 2015, compared to the same period last year. Prime values in the Aberdeen area have dropped by 9% over the same period, with properties in rural locations most affected compared to city locations. Rental values in Aberdeen City dropped by 7% over the same period.

The biggest impact has been felt in the volume of sales. During the year ending September 2015, the number of residential sales in Aberdeen City and Aberdeenshire fell by 5% and 11% respectively, compared to the same period last year.

http://www.propertywire.com/news/europe/aberdeen-property-prices-report-2015122111343.html

In my humble opinion at the present price of oil Aberdeen is toast.

Comment by 2banana
2015-12-21 06:32:55

Aberdeen, MD crashed in 2007 and has never recovered.

People were buying there to commute to DC!

I have never seen developments continue to build (say a Phase 3) while Phase 1 and Phase 2 had so many foreclosures and short sales (for much less). But they did.

I guess builders got to build.

You could get a nice 3/4 bedroom townhouse for about $175K.

I was going to take a job near there and rent out the other rooms (to officers working on the base who are never there) and it cash flowed quite nicely.

Comment by oxide
2015-12-21 10:13:40

During the bubble times, local home-buying TV shows were pushing Aberdeen and Havre de Grace (town next door) as a haven for second homes and retirement communities.

Aberdeen is halfway between Baltimore and Wilmington DE, on the northern tip of Chesapeake Bay. If you want a vacation home, or if you want to retire within driving distance of the grandbabies, it’s a good spot. But I didn’t realize people were commuting daily. That’s insane.

Example of a Havre de Grace community:

http://www.lennar.com/New-Homes/Maryland/Baltimore-DC-Metro/Havre-De-Grace/Bulle-Rock

 
Comment by Blue Skye
2015-12-21 10:48:07

Aberdeen Scotland. North Sea oil town.

Comment by 2banana
2015-12-21 12:44:46

I know.

It just rang a bell for my times in Aberdeen, MD

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Comment by The Selfish Hoarder
2015-12-21 20:44:11

Yeah I worked in the nabe in 2008. Not on the base as I was not part of that. Forgot what the river was called nearby but right by the office towers were new multi story condos. That’s about it. You go into Edgewood or BelAir for food. Edgewood is run down. But there are some good lunch spots. Nothing for young people. It’s about 20 miles away from White Marsh, where I was Bill in Maryland for awhile here on HBB.

 
 
Comment by "Auntie Fed, why won't you love ME?"
2015-12-21 11:10:51

Oil needs to be more expensive.

 
 
Comment by Professor Bear
2015-12-21 05:52:31

Barn door left open
All of the horses have fled
Hurry shut the door

Comment by Professor Bear
2015-12-21 05:55:31

Fitch: China Growth Shock to Hit Energy, Shipping, Steel Most
in International Shipping News 19/12/2015

Energy, shipping and steel would be the hardest-hit sectors in Asia-Pacific (APAC) in the event of a sharp slowdown in Chinese growth, says Fitch Ratings. The sector outlooks for APAC steel and energy, and global shipping, are negative even under our current forecast expectations where China slows only gradually. Asian manufacturing and technology sectors would also be significantly affected, given the scale of Chinese demand and its position in the regional supply chain.

Fitch’s core view remains that China will not experience a ‘hard landing’, with GDP growth forecast to slow to 6.3% and 6% in 2016 and 2017, respectively. But some risks remain of a disorderly structural rebalancing, where growth slows more quickly than forecast. Fitch has assessed the impact of a hypothetical scenario in which China’s economy were to experience a rapid and substantial deceleration over a three-year period to end-2018, with shocks to both investment and consumption. Under this scenario, Chinese GDP growth would fall to an average of 2.3% per annum from 2016-2018.

A sudden slowdown in China would act as a significant drag on global growth. APAC countries with the most extensive trade and investment connections with China would be the most exposed, and include Hong Kong, Singapore, Korea, Taiwan and Japan. Global commodity prices would stay lower for longer, and capital investment and export and trade-linked sectors would face the most significant effects on financial performance and credit profiles.

 
Comment by Professor Bear
2015-12-21 06:00:19

Global
Baltic Dry index hits record low as China demand wanes
Plunges to 471 points
Daniel Flynn
17 December 2015

The Baltic Dry index, which measure the global cost of shipping commodities, reached an all-time low, plunging to 471 points by mid-morning.

A persisting glut of ships coupled with speculation about weakening Chinese steel output has been blamed for the drop, as these are likely to translate into declining imports of iron ore.

The index has dropped by 2.7% on 17 December, following a 4.7% fall the previous day, and is currently trading at 471 points.

This represents the lowest Baltic Exchange data since the index was launched in January 1985, with rates for three of the four ship types tracked by the exchange retreating.

 
Comment by Professor Bear
2015-12-21 06:04:14

BloombergBusiness
Brent Oil Slides to 11-Year Low as Producers Seen Worsening Glut
Ben Sharples
Grant Smith
December 20, 2015 — 4:53 PM MST Updated on December 21, 2015 — 5:57 AM MST
Share on FacebookShare on Twitter
Bad Energy: the Implications of Oil’s Slide
Arab countries focusing on cost cutting, Qatar’s Al Sada says
U.S. oil-rig count rises by 17 to 541: Baker Hughes data

Brent crude slumped to the lowest price since mid-2004 amid speculation suppliers from the Middle East to the U.S. will exacerbate a glut as they fight for market share.

Futures fell as much as 2.3 percent in London after a 2.8 percent drop last week. Producers are focusing on reducing costs amid the price decline, Qatar Energy Minister Mohammed Al Sada said Sunday at a gathering of Arab oil-exporting nations in Cairo. Drillers in the U.S. put the most rigs back to work since July, adding 17, data from Baker Hughes Inc. showed.

Oil has collapsed below levels last seen during the 2008 global financial crisis on signs the market’s oversupply will worsen. The Organization of Petroleum Exporting Countries effectively abandoned output limits at a Dec. 4 meeting, while the U.S. on Friday passed legislation that lifted a 40-year ban on crude exports.

Comment by azdude
2015-12-21 06:18:06

have u made any money on this china collapse? If so tell us how.

 
Comment by azdude
2015-12-21 06:19:27

Is it time to go all in? It never stays down for long.

Comment by Professor Bear
2015-12-21 09:06:53

I suggest you back up the truck and go all into a China ETF. The market is certain to rebound this year.

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Comment by WPA
2015-12-21 09:12:39

Oil has collapsed below levels last seen during the 2008 global financial crisis on signs the market’s oversupply will worsen.

Of course oil is falling. The whole damn world agreed to a framework in Paris that says the world is going to use less of it. It’s a race to liquidate inventory — better to get $30/bbl today than $10 or less 20 years from now.

Comment by Professor Bear
2015-12-21 10:53:25

Between the supply glut, the Paris climate agreement, collapsed Chinese demand, and unrelenting production, it’s amazing that oil sells for over $10 / bbl.

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Comment by RioAmericanInBrasil
2015-12-21 11:16:20

Between the supply glut, the Paris climate agreement

The climate “agreement” wont affect oil demand per capita for years imo. And by then there will be many more people using oil.

Oil has gone up and down in cycles for decades.

 
 
Comment by Blue Skye
2015-12-21 10:58:44

World leaders promised in Paris to dramatically increase the quantity of electric generation facilities with “green” technology that has negative ROEI. If it comes to pass, oil consumption will have an upward vector for years to come.

You don’t reduce consumption of something by pissing away more of it.

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Comment by WPA
2015-12-21 11:07:19

World leaders promised in Paris to dramatically increase the quantity of electric generation facilities with “green” technology that has negative ROEI.

Not any more. Solar power plants in the U.S. and the Middle East are being built that produce power for less than 5 cents per kW/hour. You know oil and gas are dead men walking when even the Saudis are building solar.

 
Comment by taxpayers
2015-12-21 11:47:58

is that why congress extended the tax credit?
I calc 15 yrs to b/e grid tie in VA- only w s facing roof

 
Comment by redmondjp
2015-12-21 11:48:10

Sorry WPA, but that cost is pure fantasy. You can’t count tax breaks and subsidies (including Chinese-made panels sold below their cost of manufacturing) in that number.

 
Comment by Blue Skye
2015-12-21 12:12:52

“that produce power for less than 5 cents”

It’s kWh, not kW per hour.

I believe that you mean “plan to produce” based on the pitch to investors. Also, at least in the US I am thinking after government subsidy. Since it costs 2.5 cents to produce electricity with gas, I’m not seeing the benefit.

What the Saudis will do is still unclear. They’ve been pissing money away like crazy and these long range plans for solar may go by the board. Conventional electric in Saudi is 1 cent per kWh. The government there can do whatever it wants as long as the money lasts.

 
Comment by Combotechie
2015-12-21 12:40:05
 
 
Comment by Combotechie
2015-12-21 13:54:00
 
Comment by WPA
2015-12-21 13:59:58

Reply to all of the above: check the recency of your sources. The latest data shows the unsubsidized cost of solar and wind energy in utility scale projects to be cheaper than or directly competitive with fossil fuel:

http://c1cleantechnicacom.wpengine.netdna-cdn.com/files/2015/12/Lazard-Solar-Wind-LCOE-2.png

 
Comment by Combotechie
2015-12-21 14:52:50

I noticed your post didn’t include notes that it referenced; Funny why that was.

Not to worry, I found the original link, the one that contains the notes:

https://www.lazard.com/media/1777/levelized_cost_of_energy_-_version_80.pdf

Check out what note a has to say: “Analysis excludes integration costs for intermittent technologies. A variety of studies suggsts intergration costs ranging from $2.00 to $10.00 per MWh.”

Some of the other notes are “interesting” as well.

 
Comment by Blue Skye
2015-12-21 15:27:32

I took a quick look at your investment bank report (the whole report). Well then, time to end all subsidies and let them manufacture the solar cells right at the solar farm. Finally!

Anyway, there are some red flags in this rosy analysis. The first thing that struck me was that they included Fuel Cell as one of their alternative energy sources. That right there is bogus. Fuel Cells are not an energy source, they are a means of storing and transporting energy. CO2 emissions zero? I think not. The carbon from the cracked CH4 goes to atmosphere as CO2 at the source.

Second are the numbers for wind cost. These strike me as the peak power numbers so often thrown around by those seeking funding. Bogus fail.

Third; the problem with an LCOE calculation is in the assumptions. This is just like the rent to own calculator. Life of a solar facility is longer than a gas or coal fired power plant? That is bogus as well.

In overview, as far as the “latest data”, there haven’t been any technology leaps. None. The falling cost of solar panels is simply due to overproduction in China, made with coal, filling the skies with soot and CO2 and shipping all over the world on the cheap. Physics hasn’t changed.

The hawkers of these negative ROEI projects are still in fact causing much more of the “pollution” that they pretend to be fighting.

 
Comment by Blue Skye
2015-12-21 15:39:16

I sold some chemical plant equipment into Saudi Arabia over the past few years. Part of the specification was resistance to sandstorms.

Good luck with those solar panels in the desert Saudis!

 
Comment by Blue Skye
2015-12-21 19:52:00

Combo, do you notice that the Pineapples just go away when the sheet Is pulled off their BS?

 
 
 
 
 
Comment by Goon
2015-12-21 05:54:08

When someone tells me they just bought their first house it makes me feel like they just told me they have cancer.

Housing is a sickness that will destroy your body, mind, soul.

It’s poison…

Comment by frankie
2015-12-21 06:08:55

Goon few people buy their first house, they may have started the process but it is many years if ever before they complete it. Mortgage doesn’t mean death pledge for nothing.

Comment by Goon
2015-12-21 06:20:20

It’s like the Kiss song (also covered live by Local H):

Birth
School
Work
Death

 
Comment by Combotechie
2015-12-21 06:57:03

“Goon few people buy their first house, they may have started the process but it is many years if ever before they complete it. Mortgage doesn’t mean death pledge for nothing.”

Nailed it.

At the start of the process if the seller gets a high price then he is happy. If the price is high then the value of the comps is high and hence the neighbors are happy. And - astonishingly - the high price also makes the buyer happy; The buyer is happy at the high price he committed to pay because in his mind the price will continue to go higher.

So it’s a three way win: The seller wins, the neighbors win, and the buyer wins - (or thinks he wins).

Comment by Rental Watch
2015-12-21 13:39:57

For most people, you simply go from renting your shelter, to renting your money.

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Comment by Mr. Banker
2015-12-21 15:05:12

Renting money from wonderful guys such as myself.

(Psssssst … it’s really not my money you are renting, but nevertheless I will soak you for it as much as I possibly can.)

Bahahahahahahahahahahahahahahahahahaha

 
 
 
 
Comment by The Selfish Hoarder
2015-12-21 08:03:16

I had a bad case of loan owner’s remorse almost the same month I signed that purchase agreement in 1990. The only cure for it was to sell. It took me several years.

A mortgage is one of the two biggest scams pulled on the public. The other is scam is the ridiculous idea of social contract.

 
 
Comment by Professor Bear
2015-12-21 06:09:22

Are things looking up in Greece after the early 2015 financial turmoil?

Comment by Professor Bear
2015-12-21 06:10:50

After jumping over one hurdle, Greece faces another with pensions
Nasos Koukakis, special to CNBC.com
Sat, 19 Dec ‘15 | 10:35 PM ET
CNBC.com
Greek Prime Minister Alexis Tsipras
Christian Hartmann | Reuters

Don’t look now, but 2016 may bring a host of new troubles for Greece, which just last week barely overcame a dispute with its international creditors.

Struggling to meet the demands of its bailout terms, the Hellenic Republic was forced on Thursday to scrap an effort to alleviate the burden of its austerity program on poorer Greeks.

The demise of its so-called “parallel program”, although a short-term defeat for Prime Minister Alexis Tsipras, triggered the release of 1 billion euros ($1.085 billion) in new bailout funding, expected to be disbursed as early as Monday. The money was part of an agreement that was sealed last summer.

Now, momentum shifts to pension reform, which is expected as soon as next month. The battle will take shape just as the Greek government appears to have won a hard-fought consensus with creditors on other outstanding issues such as deregulation and the establishment of a privatization fund – which must gather 50 billion euros ($54.5 billion) by 2030.

A pension system overhaul, however, is shaping up to be a big hurdle for Greece, a hard sell at a time when the country’s economic crises have sent unemployment skyrocketing above 25 percent and average income plummeting 25 percent over the last four years.

Comment by taxpayers
2015-12-21 06:16:16

gov workers get paid- everyone else pays
greece at 30% gov employment is a great example

 
Comment by taxpayers
2015-12-21 06:19:03

greece,spain vs Singapore , Malaysia
unemp 20%+ vs unrmp 2%+
EU pays you not to work and Asia does not.

 
Comment by 2banana
2015-12-21 06:35:12

Same thing happened in Detroit.

A bankrupt city in which nearly everyone moved out.

Not even enough money to keep the street lights on.

And the public union goon pensions still got paid.

Comment by Raymond K Hessel
2015-12-21 08:25:06

Bankrupt Puerto Rico paying its gub’mint workers $120M in Christmas bonuses - go figure. Corrupt, broke Democrat municipalities will keep up the graft and patronage to the bitter end.

http://www.zerohedge.com/news/2015-12-21/broke-puerto-rico-pays-out-120-million-christmas-bonuses

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Comment by In Colorado
2015-12-21 11:32:46

In most of Latin American cultures, year end bonuses (aguinaldo) are mandatory, in both private and public sectors. In Mexico, full time employees get 15 days bonus pay

 
Comment by Mafia Blocks
2015-12-21 11:50:10

Sounds like a socialist nirvana.

Have you considered moving there?

 
 
 
 
 
Comment by Professor Bear
2015-12-21 06:16:51

Les Miserables redo?

The Washington Post
Europe
Young Greek women selling sex for the price of a sandwich, new study shows
By Daniela Deane November 27

Young Greek women are selling sex for the price of a sandwich as six years of painful austerity have pushed the European country to the financial brink, a new study showed Friday.

The study, which compiled data on more than 17,000 sex workers operating in Greece, found that Greek women now dominate the country’s prostitution industry, replacing Eastern European women, and that the sex on sale in Greece is some of the cheapest on offer in Europe.

“Some women just do it for a cheese pie, or a sandwich they need to eat because they are hungry,” Gregory Laxos, a sociology professor at the Panteion University in Athens, told the London Times newspaper. “Others [do it] to pay taxes, bills, for urgent expenses or a quick [drug] fix,” said Laxos, who conducted the three-year study.

When the economic crisis began in Greece, the going rate for sex with a prostitute was 50 euros ($53), the London newspaper quoted Laxos as saying. Now, it’s fallen to as low as two euros ($2.12) for a 30-minute session.

Laxos said the some 400 such desperate cases he found may be “nominal compared with the thousands of other sex workers operating nationwide, but they never existed as a trend until the financial crisis.” He said Greek women now account for 80 percent of the prostitution trade in Greece.

Comment by Goon
2015-12-21 06:26:35

Some women will do it for just a cheese pie

I just realized why my food p0rn pics on Instagram always get so many likes…

Comment by Ben Jones
2015-12-21 07:29:35

So much for the rings and papers.

Comment by 10-4GoodBuddy!
2015-12-21 07:58:25

A ring of calamari is a delicious thing.

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Comment by wondering
2015-12-21 08:43:32

lol

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Comment by oxide
2015-12-21 09:21:39

No worries. Plenty box wine at the store and plenty kitties that need a home.

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Comment by wondering
2015-12-21 10:43:36

lol
‘nother good one Oxy!
Bears repeating in the future if you get the chance

 
 
Comment by Blue Skye
2015-12-21 10:22:21

“I found out that my wife is faking orgasm. Four of my friends told me.”

Rodney Dangerfield

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Comment by 2banana
2015-12-21 07:43:22

And yet plenty of money to set up muslim “refugees” with free housing, free schooling, free food and free medical. Plus a generous monthly cash stipend.

Big government is not your friend. Big government does not take care of you.

Big government is only the friend of the wealthy.

Big government could care less if your daughters have to sell their bodies in the street while invaders live well.

Comment by Professor Bear
2015-12-21 09:10:23

Is this true in Greece? Please post a link so we won’t suspect you are posting pure, unadulterated BS.

Comment by The Central Scrutinizer
2015-12-21 09:56:57

Here comes the worldnutdaily link…

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Comment by wondering
2015-12-21 10:33:58

How about a government that keeps its hands out of my uterus? Is that too much to ask from the so-called limited government crowd?

If men could get pregnant, the Choice question wouldn’t even have to asked.

Comment by Mafia Blocks
2015-12-21 10:45:52

Sounds like a personal problem.

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Comment by Oddfellow
2015-12-21 11:03:56

Like being waterboarded?

 
Comment by Mafia Blocks
2015-12-21 13:16:15

Stay on topic Lola.

 
 
Comment by 2banana
2015-12-21 12:43:27

If a “gay gene” is ever discovered…

Gays will become the most pro-life group in America.

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Comment by 10-4GoodBuddy!
2015-12-21 16:38:43

If government is paying for your healthcare it’s already got its hands in your uterus. Only takes a few hand wiggles then to tie the tubes.

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Comment by Red Pill
2015-12-21 15:28:51

“And yet plenty of money to set up muslim “refugees” with free housing, free schooling, free food and free medical. Plus a generous monthly cash stipend.”

+1000

Comment by MightyMike
2015-12-21 19:38:19

That’s +1000 for made up nonsense.

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Comment by The Selfish Hoarder
2015-12-21 08:05:02

That’s a different take on “make me a sammich.”

Comment by Professor Bear
2015-12-21 09:21:02

So THAT’S what is meant by that saying…

Comment by The Selfish Hoarder
2015-12-21 09:50:01

Yeah and now it’s the young hussy requesting that to a guy…in exchange for…

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Comment by Blue Skye
2015-12-21 10:30:55

“My old hen’s a good old hen
She lays eggs for the railroad men
Sometimes 8 and sometimes ten
That’s enough for the railroad men”

“My old hen she’s a good old hen
She lays eggs for the railroad men
Sometimes 1 sometimes two
Sometimes enough for the whole damn crew”

From a very old western song. Author unknown.

 
 
Comment by Oddfellow
2015-12-21 09:52:33

Sounds like Greece is about to have a tourism boom.

Comment by The Central Scrutinizer
2015-12-21 11:43:44

…and a penicillin shortage.

 
 
 
Comment by Professor Bear
2015-12-21 06:24:00

Has the junk bond rout only just begun?

Comment by Professor Bear
2015-12-21 06:25:26

Marketwatch dot com
Opinion: This junk bond fund’s quick demise is a warning for investors
By Chuck Jaffe
Published: Dec 21, 2015 5:08 a.m. ET
Troubles at Third Avenue Focused Credit show why you should know what’s in your fund

Most investors don’t know if their mutual funds hold potentially toxic investments. So when a fund makes troubling headlines the way Third Avenue Focused Credit did recently, investors get nervous, afraid that their funds are headed for the same kind of trouble.

There will be future fund blow-ups. That much is sure. They won’t likely be caused by the same problems that hit the Third Avenue fund, but they will be similar enough that investors can learn from the current situation and consider how they might sidestep future problems — even if they lack the clairvoyance to spot danger before it happens.

Comment by Combotechie
2015-12-21 07:22:47

“Most investors don’t know if their mutual funds hold potentially toxic investments. So when a fund makes troubling headlines the way Third Avenue Focused Credit did recently, investors get nervous, afraid that their funds are headed for the same kind of trouble.”

Nervous investors are investors who decide to take money out of their mutual funds, taking money out of mutual funds forces the mutual funds to sell its holdings in order to raise cash, selling holdings to raise cash forces the prices of the holdings down, forcing the prices of the holdings down makes investors nervous.

 
 
Comment by taxpayers
2015-12-21 11:50:33

another greek joke?

 
 
Comment by Goon
2015-12-21 06:34:07

the Lilys — And One (On One):

http://m.youtube.com/watch?v=YvK9-3hUGUw

This song is dedicated to all the party girls of Florida

“huffing lines of one and one
off the kitchen table until dawn…”

 
Comment by Combotechie
2015-12-21 06:34:40

Wiki …

“Virtuous Circle and Vicious Circle”

https://en.wikipedia.org/wiki/Virtuous_circle_and_vicious_circle

 
Comment by bink
2015-12-21 06:57:08

Poor Fairfax County, VA has a problem with too many vacant office buildings. Solution? Maker spaces and jewelry shops!

https://www.washingtonpost.com/local/dc-politics/when-office-buildings-sit-empty-and-new-schools-and-housing-are-needed/2015/12/20/af6a4d54-9ab8-11e5-8917-653b65c809eb_story.html

Comment by Mafia Blocks
2015-12-21 08:22:47

Collapsing Demand For Commercial Office Space

http://www.zerohedge.com/news/2015-12-20/peak-office-space

 
Comment by taxpayers
2015-12-21 09:14:12

the county is building 2 buildings for gov workers
uber alles

 
Comment by Ethan in Northern VA
2015-12-21 14:36:50

Hmmm I could use space for arcade storage and a live music venue (goal being multicamera and audio recording of local bands live.) I need to figure out how to get space off of them dirt dirt cheap.

Friends in Baltimore said “Everything cool has been priced out of Northern Virginia. It’s just Chipoltes and overpriced houses.”

 
 
Comment by Raymond K Hessel
Comment by Blue Skye
2015-12-21 10:40:24

The oil boom was a proxy for the construction boom. Who could have seen the biggest construction bubble in history coming to an end?

The Chinese say they are going to focus on not building so many useless cities and factories.

http://www.marketwatch.com/story/china-reveals-focus-of-its-2016-economic-plan-2015-12-21

All that “All the new loans are going to pay the interest on the old loans” is going to be more difficult going forward.

Comment by RioAmericanInBrasil
2015-12-21 11:17:20

Who could have seen the biggest construction bubble in history coming to an end?

My friend’s uncle said that in 1979.

Comment by Mafia Blocks
2015-12-21 11:40:45

Housing data Lola housing data!

Newton, MA Housing Prices Crater 10% YoY

http://www.movoto.com/newton-ma/market-trends/

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Comment by aNYCdj
2015-12-21 07:01:55

from 360 to 3.67 in 2years

VelocityShares 3x Long Crude Oil ETN (UWTI)

http://finance.yahoo.com/q?s=UWTI

 
Comment by Raymond K Hessel
2015-12-21 07:04:06

London high-end housing bubble hit by dearth of Chinese embezzlers, Russian oligarchs.

http://wolfstreet.com/2015/12/21/luxury-home-prices-in-london-hit-wall-sales-plunge-chinese-russian-buyers-oil-blamed/

Comment by Professor Bear
2015-12-21 09:22:22

Nobody could have seen it coming.

 
 
Comment by Raymond K Hessel
2015-12-21 07:09:11

People are becoming increasingly de-zombified, albeit at a glacial pace, and turning to “fringe” blogs for real news and real truth. Breitbart is way too neocon for my taste, but the truthiness quotient in their news coverage is far higher than what you’ll read in the Oligopoly’s captured MSM.

http://www.breitbart.com/big-government/2015/12/21/breitbart-news-crosses-1-billion-page-views-for-2015/

Comment by WPA
2015-12-21 09:08:18

turning to “fringe” blogs

Or they turn to Russian propaganda disguised as edgy, cutting commentary … Zero Hedge.

Comment by Mafia Blocks
2015-12-21 09:20:26

Tyler Durden lives in the vast open space of your empty skull, rent-free.

Comment by WPA
2015-12-21 09:37:15

Not in my skull. Proud American here, i don’t let the Kremlin do my thinking for me. Guess you are following Trump’s lead and having a man-crush for Putin, eh?

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Comment by Mafia Blocks
2015-12-21 10:21:30

And so do we.

 
 
 
 
 
Comment by Raymond K Hessel
2015-12-21 07:12:28

After the Democrats in general and Obama in particular threw the American working class under the bus with open borders and TPP, not to mention destroying blue-colar purchasing power with the Fed’s deranged money-printing, Obama naturally plays the race card with Trump for calling him out on his relentless screwing-over of the beleaguered working class.

http://www.nytimes.com/2015/12/22/us/politics/president-obama-accuses-donald-trump-of-exploiting-working-class-fears.html?_r=0

Comment by aNYCdj
2015-12-21 07:21:05

David Ruenzel knew, better than most, about the white privilege that killed him.

As a writer for the Southern Poverty Law Center, one of this favorite topics was rooting out racism. And how white racism is permanent. White racism is everywhere. And white racism explains everything

http://www.americanthinker.com/articles/2014/12/black_crime_claims_life_of_apologist_for_black_crime.html

 
Comment by 10-4GoodBuddy!
2015-12-21 07:42:37

All Trump needs is to stand on a debate stage with Hillary and ask her if she will rescind Obama’s executive orders on immigration that require giving work permits to millions of illegals. She has no answer for that.

Trump can and will do that on day 1.

Comment by Overbanked
2015-12-21 08:47:26

Trump is not going to do a damn thing about immigration. He’s not going to go after employers. That’s all you need to know.

Comment by WPA
2015-12-21 09:40:42

Trump is not going to do a damn thing about immigration. He’s not going to go after employers. That’s all you need to know.

+1 to Overbanked for seeing through Trump’s populist BS. Trump’s already said wages are too high — that’s a code word for moar immigrants if I ever heard one. As soon as Trump is in office, if elected, there will be “problems” building the wall as his business crony friends pressure him to keep the flow of cheap labor coming in.

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Comment by 10-4GoodBuddy!
2015-12-21 16:48:33

He’s gonna rescind the Daca and Dapa executive orders on Day One. Your position that he will run on immigration as an issue and then do a 180 is ludicrous.

 
 
 
Comment by oxide
2015-12-21 10:33:09

Will the BS MSM journalists even bring up the immigration questions during the general election debates? American people (many centrist Dems too) have been railing against the illegal immigrants for a decade now and it’s pretty clear that the MSM is running away from it. Probably because they see, every day, who is cooking those expensive lunches in downtown DC.

Comment by 10-4GoodBuddy!
2015-12-21 16:50:52

The MSM needn’t bring it up. There’ll be debates and whether the question is asked or not he can bring it up. It’s a high contrast winning issue easily stated in a sentence or two. And he can say it over and over and over.

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Comment by Professor Bear
2015-12-21 11:07:43

If Trump is the nominee, Hillary can stand on stage, smile at him, and say nothing, knowing she has the election in the bag.
It will be like the end of a football game when the winning team just falls on the ball instead of running any more plays.

Comment by 10-4GoodBuddy!
2015-12-21 16:52:13

Open borders bear?

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Comment by WPA
2015-12-21 09:23:50

After the Democrats in general and Obama in particular threw the American working class under the bus

Really? Tearing down the middle class only started under Obama?

Gee, how about the many layoffs caused when leveraged buyouts got started under Reagan when people like Icahn, Milken, Kerkorian, etc. started gutting American companies, buying them with junk bonds? Or when the 2nd wave of LBO’s exploded after Bush signed Sarbanes-Oxley in 2002?

If you need more information about gutting companies and outsourcing, ask Mitt Romney.

Comment by redmondjp
2015-12-21 11:44:51

WPA - this started way earlier than that.

Kissinger was over in China laying the groundwork for offshoring our manufacturing way back in the early 1970s, and we started seeing low-quality imported Chinese goods by the early 1980s. Kissinger is one of the global elitists. Kissinger is also good buddies with Putin, having had Putin over to his personal residence for dinner several times.

It’s too easy to blame Reagan - face it, he was a pawn of the elite, just like every other president we have had since JFK.

 
Comment by Raymond K Hessel
2015-12-21 13:20:02

In case you hadn’t noticed, WPA, I detest Bush (all of them), Romney, McCain, and Obama equally and for the same reason: they were and are water carriers for the Oligopoly.

 
Comment by 10-4GoodBuddy!
2015-12-21 16:54:12

Why does no one ever mention Bubba?

Comment by Professor Bear
2015-12-21 23:22:49

Trump sucked up Bubba’s and everyone else’s oxygen.

Get it?!

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Comment by Raymond K Hessel
2015-12-21 07:55:00

John McCain’s lapdog and ardent neocon/open borders advocate Lindsey Graham FINALLY drops out of the presidential race after limping along with less than 1% support from the stupidest of the stupid. Good riddance….

http://www.marketwatch.com/story/lindsey-graham-dropping-out-of-presidential-race-2015-12-21

 
Comment by Raymond K Hessel
2015-12-21 08:34:11

Two Swedes tell Muslims not to vandalize flow pots; get treated to the joys of multiculturalism.

http://www.infowars.com/video-muslims-beat-and-kick-swedes-on-the-street-in-broad-daylight/

Comment by In Colorado
2015-12-21 14:20:16

#weareallmuslim … whether we like it or not

 
 
Comment by Donald Trump
2015-12-21 08:41:38

It’s always good to be underestimated.

Comment by Professor Bear
2015-12-21 09:12:52

My crazy SIL has your vote, good buddy.

Comment by Professor Bear
2015-12-21 11:03:46

My lovely wife’s comment: “It makes sense that my sister wants Trump to get elected, because they are both crazy.”

I laughed, though I don’t actually think Trump is crazy. Just because he panders to crazy and uneducated segments of the American population doesn’t make him crazy. Some of these people may actually be sufficiently competent to vote.

Comment by Red Pill
2015-12-21 15:31:16

I’d rather be crazy than part of Satanic Death Cult like the Globalist Progressives and Islamists.

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Comment by Professor Bear
2015-12-21 16:44:55

I didn’t realize it was an either-or choice. However I don’t claim to understand the black-and-white thought patterns of a Trump supporter.

 
Comment by 10-4GoodBuddy!
2015-12-21 17:00:17

Professor Hijab,

If anyone is black and white thinking it is those claiming Trump hates all Muslims. Talk about losing the nuance of a temporary PAUSE and selling a black and white lie. You’re right there with them.

Sincerely,
Carlos Slim and Bill Maher

 
Comment by Professor Bear
2015-12-21 23:25:33

I’ll enjoy the end of your lame black-and-white thinker posts when Trump gets dumped.

 
 
 
 
 
Comment by Raymond K Hessel
2015-12-21 08:43:55

Oil-based currencies crashing…can you say “contagion” boys and girls? I knew you could.

http://www.bloomberg.com/news/articles/2015-12-21/azerbaijan-moves-to-floating-exchange-rate-letting-manat-tumble

 
Comment by Mafia Blocks
2015-12-21 08:54:18

Comment by Goon
2015-12-15 17:38:38

“Loanownership will suck your soul dry, it will destroy you.

So many allegedly college educated people fail to understand a 30 year amortization table. They are drowning.

Houses are like cancer.”

Comment by aNYCdj
2015-12-21 09:04:48

unless your parents leave you one………..now that’s the RIGHT PRICE!!!

 
 
Comment by Raymond K Hessel
2015-12-21 09:01:45

In Germany, as in most European states, it is nearly impossible for ordinary people to legally acquire firearms for self-defense. Nonetheless, the German sheeple who have kept Frau Merkel in office for ten years even as she sold them out to the banksters and globalists are now scrambling to obtain some means of self-defense as the deluge of Muslim “refugees” has brought a tidal wave of crime to German communities.

http://www.gatestoneinstitute.org/7088/germany-weapons

Comment by 2banana
2015-12-21 09:09:02

It is ironic how socialists across the world treat their citizens.

Promise them more free sh*t
Disarm them
Say there is nothing that can be done when millions of illegals flood in

Comment by Raymond K Hessel
2015-12-21 13:21:28

This is what the sheeple voted for. They are getting exactly what they deserve.

 
Comment by MightyMike
2015-12-21 19:44:22

Shouldn’t socialism make Germany so poor that no one would want to move there?

Comment by Mafia Blocks
2015-12-21 20:38:22

It’s turned CA into the poorest state in the US for sure Lola.

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Comment by Mafia Blocks
2015-12-21 09:15:38

Update: Apple Shares Crater 22% Since July

http://www.marketwatch.com/investing/stock/aapl

 
Comment by Professor Bear
2015-12-21 09:18:01

U.S. gas prices are back to their level at the dawn of QE. What could be more stimulative of the U.S. economy than falling prices of consumer staples like gasoline?

Comment by Professor Bear
2015-12-21 09:19:05

Marketwatch dot com
U.S. gas prices fall below $2 — and in some places under $1.60
By William Watts
Published: Dec 21, 2015 10:18 a.m. ET
Lowest gasoline prices at the pump are in Missouri, Oklahoma and South Carolina
Silvia Ascarelli/MarketWatch
Fill’er up.

Christmas came early for U.S. drivers on Monday, as the national average gasoline price fell below $2 a gallon for the first time since March 2009.

AAA put the average U.S. gas price at $1.998 per gallon on Monday, while fuel-price tracking service GasBuddy.com calculated the national average at $1.995 a gallon. That’s the lowest price by either measure since March 25, 2009.

 
Comment by MacBeth
2015-12-21 09:53:42

What could be more stimulative?

Lots of things.

Getting rid of ObamaCare for starters. My medical coverage costs have more than doubled since 2013….and for a much higher deductible.

The drop in gasoline prices doesn’t come near compensating for massive health care increases.

A big net loss.

Comment by In Colorado
2015-12-21 12:18:26

My premiums remain unchanged. Not everyone has had the same experience you did.

Comment by Mafia Blocks
2015-12-21 12:33:50

…. yet the cost of services rose which means your premiums will inflate.

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Comment by Rental Watch
2015-12-21 13:55:41

My medical coverage costs have more than doubled since 2013….and for a much higher deductible.

You must be pretty healthy.

 
 
 
Comment by CoffeeMaker
2015-12-21 09:23:15

Breaker breaker this is the CoffeeMaker. You got your ears on Lola good buddy?

Comment by Goon
2015-12-21 09:54:45

Hillary doesn’t change her own adult diapers, that’s a job for the little people…

 
Comment by 10-4GoodBuddy!
2015-12-21 17:04:39

10-4 good buddy, I’m heading down to the choke and puke for a Diablo sandwich and a Dr. Pepper to go. Then heading over to the pickle park looking for lot lizard Lola.

Comment by CoffeeMaker
2015-12-21 17:24:43

That’s a big 10/4. Watch it there in ShakyTown. Too many plain wrappers looking for west coast turnarounds. Lola and his male buffalo friends are Bear Bait.

 
Comment by Michael Viking
2015-12-21 18:48:51

Keep the bugs off ur glass and the bears off ur…tail.

 
 
 
Comment by The Selfish Hoarder
2015-12-21 09:48:00

It’s the most wonderful time of the year.

Just converted my entire $6400+ nondeductible traditional IRA to Roth. Now all the gains are tax free. It was a tax free exchange because (since I’m over 50) I’m under the threshold of what would be taxable in the exchange $6500.

Slam dunk.

Love to see the dividends roll in this time of year too.

Comment by Goon
2015-12-21 09:56:46

Starve the beast Daddy Bill 8)

 
Comment by Rental Watch
2015-12-21 13:56:46

Doesn’t that feel nice? I love having it all in Roth accounts.

 
 
Comment by Goon
2015-12-21 09:48:24

I just passed another hiker halfway up this thing who was singing:

http://i.imgur.com/ikL1sUc.jpg

There’s no joy in the hearts of loanowners

Region VIII

 
Comment by WPA
2015-12-21 09:52:20

From an article by openly Socialist councilwoman in Seattle — millenials are increasingly interested in democratic socialism:

“There is a decisive mood of resistance in America – a backlash to the status quo. The Bernie Sanders campaign for president is capturing that mood, and it is no surprise that ‘socialism’ was the most looked-up word in 2015.

The American youth of today did not grow up in the shadow of the Cold War. The vilification of socialist ideas by Republicans anyway only serves, if anything, to pique their interest. Coupled with that is the future most young Americans face: a low-wage job market, proliferation of student debt and an escalating housing affordability crisis. Since the Occupy movement, the dirty word as far as many millennials are concerned is not socialism, but capitalism.”

There you have it. Bigger and bigger unregulated corporations don’t solve problems, they make them worse.

Comment by RioAmericanInBrasil
2015-12-21 10:12:56

Bigger and bigger unregulated corporations don’t solve problems, they make them worse.

40 years isn’t long enough for TrickleDown to really kick in. We just need a little more of the same and it will start to TrickleDown. A guy with a billion dollars isn’t going to invest in jobs. He just needs little more so he can feel comfortable doing it.

You can’t expect a billionaire who’s paying an effective tax rate of 17% to invest in jobs. The magic number is lower and it’s a secret.

 
Comment by 2banana
2015-12-21 10:16:29

Yes - because only bigger and bigger government with more and more regulations and higher and higher taxes can give millennials:

High paying jobs
Low cost higher education
Affordable housing

BAHAHAHAHAHAHAHAHAHAHAHAHAH!!!

And maybe even affordable health care too!

HAHAHAHAHAHA ……. chuckle - snort.

Comment by WPA
2015-12-21 10:42:44

And maybe even affordable health care too!

If you guys would get out of way and let single payer happen, you’d see affordable health care in your life time.

Comment by Mafia Blocks
2015-12-21 11:08:41

ObamaCareLess Fail

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Comment by RioAmericanInBrasil
2015-12-21 11:18:36

higher and higher taxe

Taxes have been going down for the rich and corporations for decades. De-regulation caused the credit bubble. Next?

Comment by Mafia Blocks
2015-12-21 11:37:55

Obama loves giving tax cuts to the rich and corporations doesn’t he Lola.

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Comment by 2banana
2015-12-21 12:48:15

It is amazing.

The bigger government gets - the less the rich pay and the larger wealth disparity gap gets…

And yes - there is a connection. The uber wealthy love big government. It keeps them rich and you poor.

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Comment by Raymond K Hessel
2015-12-21 10:24:12

Socialism is all about shirking responsibilty and forcibly redistributing wealth from the producers to the takers. It stands to reason that millenials, who voted overwhelmingly for hope ‘n change, will now be demanding outright “socialism” which to them translates as “free sh*t and debt forgiveness someone else has to pay for.” Our NEA indoctrination mills and leftist-subverted universities had done their job well.

Comment by WPA
2015-12-21 10:47:55

Nope. Democratic socialism is not about “free stuff,” it is a mature understanding that in a civilized society that investing in the health and education of the entire society lifts the nation as a whole, which improves the quality of life and improves the economy. A rising tide lifts all boats including those at the top.

And democratic socialism is not anti-business. What is the world’s largest corporation? Royal Dutch Shell. Where are they located? The Netherlands, a highly prosperous democratic socialist country.

Comment by Mafia Blocks
2015-12-21 10:52:21

/socialism=failure

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Comment by CalifoH20
2015-12-21 13:35:56

Name one truly socialist country.

 
Comment by Mafia Blocks
2015-12-21 14:02:40

Name one socialist country that isn’t a failure.

 
Comment by CalifoH20
2015-12-21 15:14:20

Name one truly socialist country. Still waiting.

 
Comment by Mafia Blocks
2015-12-21 15:41:02

Name one socialist country that isn’t a failure. Still waiting.

 
Comment by Rental Watch
2015-12-21 17:21:18

The world is too smart to have a purely socialist country.

Apparently it’s also too smart to have a purely “democratic socialist” country either, according to Democratic Socialists of America.

 
Comment by CalifoH20
2015-12-21 18:45:33

fallacy

 
Comment by Mafia Blocks
2015-12-22 10:13:51

…. waiting.

 
 
Comment by Raymond K Hessel
2015-12-21 13:23:17

Democratic socialism is not about “free stuff,” it is a mature understanding that in a civilized society that investing in the health and education of the entire society lifts the nation as a whole…

Keep telling yourself that, Pollyanna.

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Comment by Mafia Blocks
2015-12-21 10:25:34

Sounds like another Lolaism.

Comment by WPA
2015-12-21 10:51:22

I really want to give you the benefit of the doubt and assume you are not a bigot, but it’s not easy when “Lola” and “Liberace” gets tossed around.

Comment by Mafia Blocks
2015-12-21 10:57:56

All you give is Lolaisms.

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Comment by RioAmericanInBrasil
2015-12-21 11:20:51

I really want to give you the benefit of the doubt and assume you are not a bigot,

How the Grinch Stole Christmas.

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Comment by Mafia Blocks
2015-12-21 11:35:55

Keep to housing data Lola. Keep to housing data.

McKinney, TX Housing Prices Crater 15% YoY

http://www.movoto.com/mckinney-tx/market-trends/

 
 
 
 
Comment by In Colorado
2015-12-21 11:24:21

From an article by openly Socialist councilwoman in Seattle — millenials are increasingly interested in democratic socialism

But I thought they were all becoming libertarian-anarchists!

 
Comment by redmondjp
2015-12-21 11:52:12

She is a raving lunatic whack-job of the first order.

This from the same person who wants the City of Seattle to take over the Boeing Plant (not even in Seattle proper), shut it down, and make transit buses instead.

 
Comment by Rental Watch
2015-12-21 13:57:48

Yet too much regulation allows large corporations to get bigger and bigger. Funny how that works.

 
 
Comment by RioAmericanInBrasil
2015-12-21 10:07:27

I wonder if it could come down to this. I think Ryan has the only chance to actually beat any Democrat.

A brokered GOP convention for Paul Ryan?

As we survey the Republican field of presidential candidates, there is an air of disbelief from moderate Republicans, Democrats and independents.

What would lead one to believe a brokered GOP convention would result in a Speaker Paul Ryan (R-Wis.) candidacy? Here’s what I see.

We have rumblings from establishment Republicans who have grave concerns about Donald Trump as the potential candidate, and for that matter, Sen. Ted Cruz (Texas) as well.

There are numerous reports of Republican donors holding back from supporting candidates at the same levels that they supported GOP nominee Mitt Romney in the 2012 campaign. As Gregory Devor, a major Republican fundraiser, said, “I cannot commit a dime to anybody because I don’t see a future.” Translation: There is no candidate who is likely to succeed in the general election.

Comment by Mafia Blocks
2015-12-21 10:36:27

Falling prices Lola….. falling prices.

“Oil Prices Fall as Stockpiles Keep Rising”

http://www.wsj.com/articles/oil-prices-continue-falling-on-strong-dollar-u-s-crude-stocks-1450349989

 
Comment by WPA
2015-12-21 10:59:42

Didn’t Ryan touch the 3rd rail a few years ago with budget proposals that included cutting Soc Sec and Medicare benefits? If he did, that would be used against him in a campaign.

Comment by Oddfellow
2015-12-21 11:10:14

More likely, the GOP will run an establishment type as third party candidate if/when Trump gets the nomination.

Will the GOP Mount a Third-Party Challenge to Trump?
Experts—and history—suggest it’s an increasingly plausible scenario. And could end in disaster.
By Jeff Greenfield
December 20, 2015

Read more: http://www.politico.com/magazine/story/2015/12/donald-trump-2016-third-party-bid-213449#ixzz3uyp9RfZI

Comment by 10-4GoodBuddy!
2015-12-21 17:07:58

Your delusions know no bounds. Bernie would be more likely to run 3rd party (if he wasn’t a fraud and shill for Hill).

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Comment by oxide
2015-12-21 12:01:10

Rio, it sounds like you’re quoting from somewhere. Got a link?

And it’s a terrible idea anyway. If there is one thing that the American people are fed up with, it’s the smoke-filled back rooms. A brokered convention to install an establishment candidate that never appeared on any state ballot would kill the GOP for good.

 
 
Comment by palmetto
2015-12-21 11:19:53

This idea of a brokered convention featuring Paul Ryan was already floated as a trial balloon, what, a week or so ago.

It would be an act of desperation on the part of the GOP establishment. Ryan already lost once, when he partnered as Veep with Romney. He would definitely lose again.

If the donors are holding back, to me that’s a good thing.

As to Obama’s statement of the Washington Post that Trump is “exploiting” anger and fear over economic insecurities, even WaPo has the word “exploiting” in quotes. The truth is, Trump is ACKNOWLEDGING the fear and anger that exists.

On another note, I listened to the Paul Craig Roberts interview on the recent Kerry meeting in Russia with Putin. It was a real showstopper, and PCR did acknowledge that, in capitulating, the cooler heads of Kerry and Obama prevailed over the psychopathic deep state neocons (of which Nuland is one) who want to engage in outright conflict with Russia, despite Russia’s superior arms and the fact that the Pentagon ran war games with Russia 16 times and each time the outcome was Russia wins.

https://www.youtube.com/watch?v=BQJys8Yyjt8

Of course, nobody really wins in a nuclear conflict.

As a child of the Cold War, I am not happy to see Russia as the world’s foremost and maybe only superpower. OTOH, the way that Warshington has gone, maybe it is best at this point in time. In some ways, it seems as if Warshington and Moscow have exchanged places. Because Warshington does seem to be at war with citizens of the US.

 
 
Comment by WPA
2015-12-21 10:10:25

Here’s something you won’t find on Zero Hedge:

“Putin, once critical of Stalin, now embraces Soviet dictator’s tactics”
L.A. Times

“Stalin’s 29-year reign, generally seen by Russians in recent years as a dark and bloody chapter in the nation’s history, has lately been applauded by Putin…”

“Just as Stalin defeated the West 70 years ago by capturing half of Europe,” Svanidze said, “we are defeating the West again today. Crimea is our Berlin, our Reichstag, and there is no way it will be restored to Ukraine in the foreseeable future.” Svanidze also predicts there will be no more credible elections as long as Putin chooses to stay in power. That, he said, is another parallel with Stalin’s lifetime sinecure as Soviet leader.”

And now we have Trump defending Putin. Will Trump defend Stalin next?

Comment by Goon
2015-12-21 10:43:25

Kotkin’s biography of Stalin was excellent, I can’t wait for the next volume

 
Comment by Blue Skye
2015-12-21 11:05:44

If Putin praises Stalin, that should make you like him more.

Comment by WPA
2015-12-21 11:12:54

If Putin praises Stalin, that should make you like him more.

Totalitarian fascists are equally comfortable using the far left and the far right as vehicles to power. Perhaps this explains why Putin and Trump see eye to eye, no?

Comment by Blue Skye
2015-12-21 12:15:56

Maybe not. The US government tends to always have monsters under the bed to keep us scared. Maybe Trump doesn’t see the benefit in making Putin out to be a great threat to the US. I certainly do not.

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Comment by Red Pill
2015-12-21 15:34:02

Putin is anti-Globalist and anti-Climate Change hoax. Good enough for me.

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Comment by oxide
2015-12-21 12:07:33

IIRC, working with Stalin is a good ol’ American Presidential tradition.

 
 
Comment by Raymond K Hessel
2015-12-21 10:14:58

Central banks (and the voting habits of the stupid 95% of the electorate) have pushed the middle class deeper into serfcom.

http://charleshughsmith.blogspot.com/2015/12/central-banks-have-pushed-middle-class.html

Comment by The Central Scrutinizer
2015-12-21 12:21:21

You could have BEEEN something, if not for that feckless 95%. They forced you to fail.

Comment by Mafia Blocks
2015-12-21 12:54:13

Don’t be a Lola by taking everything personal. Pull yourself up out of that sewer and cheer up and remember…… Nothing accelerates the economy like falling prices of all kinds to dramatically lower and more affordable levels. Nothing.

Plano, TX Housing Prices Crater 15% YoY

http://www.movoto.com/plano-tx/market-trends/

 
 
 
Comment by Mafia Blocks
2015-12-21 10:49:29

We’ve got a good start at getting these grossly inflated prices down but they need to fall further. Much further. Remember….. Nothing raises the standard of living like falling prices to dramatically lower and more affordable levels. Nothing.

“Siberian Surprise: Russian Oil Patch Just Keeps Pumping”

http://davidstockmanscontracorner.com/siberian-surprise-russian-oil-patch-just-keeps-pumping/

 
Comment by rj chicago
2015-12-21 11:03:18
Comment by Bubblebot
2015-12-22 00:08:38

http://www.michaelmoore.com/weareallmuslim

I think “we are all fat” might get more traction.

 
 
Comment by "Auntie Fed, why won't you love ME?"
2015-12-21 11:15:03

Merry Crater and a happy new crater!

Comment by Mafia Blocks
2015-12-21 11:16:52

crater to you

 
 
Comment by Senior Housing Analyst
2015-12-21 11:22:01

Cedar Park(Austin), TX Housing Craters; Prices Plummet 14% YoY

http://www.movoto.com/cedar-park-tx/market-trends/

 
Comment by CalifoH20
2015-12-21 13:05:47

Bought some shoes online, they said they were leather in the description, on the tongue they said “all man made materials” so I wrote to the mfg: How lame is this??

Good Afternoon

The description for the Gunner boots states that they are, “Burnished PU Leather”. PU leather is: PU (Poly) Synthetic Leather is a man made material that will represent the look and feel of Genuine Leather but in fact is not real leather.

best regards

Kim
Perry Ellis Customer Service

Comment by 2banana
2015-12-21 13:25:44

If you like your leather, you can keep your leather.

 
Comment by Raymond K Hessel
2015-12-21 13:57:33

Gunner boots probably figures a population dumbed down enough to fall for “hope ‘n change” or the even worse GOP “alterantives” will lack the intelligence to discern between “Burnished PU leather” and the real thing. Looks like they figured correctly.

Comment by CalifoH20
2015-12-21 16:13:47

Online shoppers find out when the boots arrive and they lied. then return them for free. not a good biz model. List price $125. I pd $39 with stackable coupons and free shipping. not my loss

 
 
 
Comment by Red Pill
2015-12-21 15:37:15

What’s with the Globalist Progressive’s “Defend Islam at all costs” program?

If you want to commit suicide, put a gun in your mouth and pull the trigger, don’t take the rest of us with you.

Thanks.

 
Comment by aNYCdj
2015-12-21 16:59:39

The RoomStore files for bankruptcy protection
Phoenix-based retailer tells employees to brace for layoffs around Feb. 16

Thomas Russell — Furniture Today, December 18, 2015

PHOENIX – Top 100 Retailer The RoomStore has informed employees it has filed for bankruptcy protection and will begin laying off employees around Feb. 16 as part of the reorganization process.

A WARN (Worker Adjustment and Retraining Notice) letter sent to employees Friday said that the layoffs will likely be permanent and that their last day of work could be sooner or later than that date.

The RoomStore was ranked No. 78 on Furniture/Today’s 2015 list of Top U.S. Furniture stores, with estimated sales of $74 million and 12 stores in 2014, which was down from $79.4 million in 2013. Founded in 1993, it is owned by Alan and Phillip Levitz and Dan Selznick.

According to the Top 100 listing, the company operates nine RoomStores and one clearance center in Phoenix and the surrounding areas of Glendale, Mesa, Scottsdale, Paradise Valley, Superstition Springs, Ahwatukee, Goodyear and Happy Valley. It also has one RoomStore each in Prescott and Casa Grande.

In the WARN letter, a copy of which was obtained by Furniture/Today, Alan Levitz told employees that the reorganization is due to a long-standing downturn in business. During the reorganization, he said, the company will attempt to continue operations at several stores. If those efforts are successful, he said, some employees may be called back to work.

“However, because the success of such efforts is unknown at this time, no RoomStore employee who is currently designated for layoff should count on continued employment with the company,” he wrote.

In a memo to staff, he said that a group of consultants will be helping with the reorganization process in the coming weeks. This group, referred to collectively as the JV Group, includes International Retail Group, Watch Hill Furniture Capital and SB Capital Group. The RoomStore expects to work with this group over the next 180 days on the reorganization effort.

http://www.furnituretoday.com/article/526881-roomstore-files-bankruptcy-protection

Comment by azdude
2015-12-21 18:43:25

no one has money for their cheap furniture. They r so broke they are buying that cr@p at ikea.

 
 
Comment by Donald Trump
2015-12-21 17:15:01

There are two kinds of people
Which one will you be?
A loser like them?
Or a winner like me.

Comment by Professor Bear
2015-12-21 23:31:33

Be a black-and-white thinker. Vote for Trump!

 
 
Comment by Ben Jones
2015-12-21 17:21:27

From the ‘doesn’t add up’ file:

‘The full-throated attacks against Trump at the Democratic debate in New Hampshire Saturday night made by former Secretary of State Hillary Rodham Clinton, Democratic socialist Sen. Bernie Sanders of Vermont and former Maryland governor Martin O’Malley signal the growing recognition that the bombastic billionaire will likely sew up the GOP presidential nomination next year. Their comments also reflect the Democrats’ undisguised glee that Trump will be the GOP’s 2016 standard-bearer.’

http://www.thefiscaltimes.com/2015/12/21/Democrats-Attack-Trump-Candidate-They-Hope-Wins-GOP-Nomination

The Democrats’ undisguised glee? They sound pretty butt-hurt to me. And why would they be doing this?

‘Trump, took umbrage over the way Sanders and Clinton characterized him during the two-hour Democratic debate in Manchester, N.H. He was especially piqued by Clinton’s assertion that ISIS was using video of Trump’s statements to incite Muslims against the United States.’

‘Trump quickly tweeted Saturday night that “Hillary Clinton lied” about the ISIS videos, and he apparently was justified in his complaint. A spokesperson for Clinton’s campaign told Chuck Todd on Sunday’s Meet the Press they could cite no specific example of such an ISIS produced video.’

‘In a separate interview Sunday with ABC’s George Stephanopoulos, Trump repeated his attack on Clinton for making the unfounded claim that ISIS recruiters were using videos of Trump insulting Islam and Muslims. “Knowing the Clintons and knowing Hillary, she made it up,” Trump said.’

Just produce the video.

Comment by Mafia Blocks
2015-12-21 17:37:47

They can’t because it doesn’t exist. And here’s the beauty of all this: The Clinton Pigs & Co have no strategy get get their puny arms around the 800lb monster in the room that is Trump. And nor can his retardican counterparts. So what do they come up with? Bull$hit…. which demonstrates just how feckless and powerless all the other candidates are. And it’s driving everyone crazy and I’m lovin’ it.

“Jeb Bush is an embarrassment to his family”. This is true and there is no way to counter it. Trump states the blatantly obvious that nobody else wastes breath on.

“Hillary Clinton is lying”. This is true and there is no way to counter it. Trump gives voice to it.

Trump is a dream date for those who hate the political establishment.

Comment by Bubblebot
2015-12-22 00:19:00

“Trump is a dream date for those who hate the political establishment.”

+1. Bingo!

 
 
Comment by The Order Of The Golden Chainsaw
2015-12-21 17:49:49

Maybe she deleted the video with all those emails?

Comment by Ben Jones
2015-12-21 18:22:55

Or maybe the guy who made the youtube video that prompted the Benghazi attacks is working on it?

Comment by Red Pill
2015-12-21 20:18:15

You mean America’s first domestic political prisoner.

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Comment by aNYCdj
2015-12-21 18:12:43

Phyllis Schlafly: Trump is ‘last hope for America’
‘I don’t see anyone else who’s eager to fight’

http://www.wnd.com/2015/12/top-conservative-trump-is-last-hope-for-america/

 
Comment by CalifoH20
2015-12-21 18:43:56

Muslims watch TV and read the news. they see his comments, they dont need them edited into a “greatest hits” video. We have all seen the fear and hate from Trump and his team of white, uneducated truckers.

Comment by aNYCdj
2015-12-21 18:49:26

thats racis……..I dare any muslim to publicly admit Israels right to exist and terrorism is wrong…….or else go home and practice sharia law there…

Comment by Ben Jones
2015-12-21 18:58:34

‘Muslims watch TV and read’

Insightful as always. Hillary is responsible for a few hundred thousand dead Muslims. Her husband is too (different decade, but hey, a kill is a kill). aNYCdj should vote Hillary.

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Comment by CalifoH20
2015-12-22 10:13:46

who wants Hillary as POTUS?

not me

 
Comment by Mafia Blocks
2015-12-22 10:35:18

I want a bushel basket full of fifties.

Nobody cares what you want Lola.

 
 
 
 
 
Comment by cactus
2015-12-21 18:04:44

FEMALE KILLER IN LAS VEGAS SHOUTED ‘ALLAHU AKBAR’ AS SHE RAN OVER 40 INNOCENT PEOPLE LAST NIGHT

need to outlaw cars

Comment by MightyMike
2015-12-21 19:53:52

Did you just make that up?

Comment by cactus
2015-12-21 20:06:17

no I copied it from a “news site” and I don’t know why she ran over all those people ?

Other news feeds said she was stressed from sleeping in her car

Comment by MightyMike
2015-12-21 20:08:42
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Comment by Red Pill
2015-12-21 20:29:54

I think snopes jumped the gun a bit, should be listed as undetermined.

 
 
 
 
Comment by Tarara Boomdea
2015-12-21 20:04:48

FEMALE KILLER IN LAS VEGAS SHOUTED ‘ALLAHU AKBAR’ AS SHE RAN OVER 40 INNOCENT PEOPLE LAST NIGHT

Really? I don’t doubt it, but not on the local news (though I haven’t been looking lately.)

It’s amazing how many “unfortunate incidents” go unreported here in Las Vegas - bad for business. My brother, who works on the Strip, told me about a woman who was laid off and committed suicide. She must have known where she would be able to jump unobserved at the hotel. Not a word in the media.

My husband was peripherally involved in the investigation of a recent death at a Strip hotel. It was reported but the story bore no resemblance to what the real circumstances were.

If Nelson Rockefeller had died here he wouldn’t have been found with his underwear on backwards (my NYC BIL the detective was there for that one.) The LVPD know which side their bread is buttered on.

Comment by phony scandals
2015-12-21 23:45:23

“It’s amazing how many “unfortunate incidents” go unreported here in Las Vegas - bad for business.”

A lot of shark attacks go unreported here, bad for business.

Comment by Tarara Boomdea
2015-12-22 00:32:55

Not surprised, phony. You can always depend on the press/govt to keep you well informed :-p Watch out for Jaws!

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Comment by CalifoH20
2015-12-21 18:48:58

Wont is be funny, if Trump’s plan is to see Hillary win? He is good friends with the Clinton’s and hates neo-cons.

Comment by Mafia Blocks
2015-12-21 19:04:13

Don’t be a Lola.

Novato, CA Housing Prices Crater 15% YoY

http://www.movoto.com/novato-ca/market-trends/

 
 
Comment by phony scandals
2015-12-21 20:11:48

Climate change shock: Burning fossil fuels ‘COOLS planet’, says NASA

BURNING fossil fuels and cutting down trees causes global COOLING, a shock new NASA study has found.

By Jon Austin
PUBLISHED: 13:07, Mon, Dec 21, 2015

Major theories about what causes temperatures to rise have been thrown into doubt after NASA found the Earth has cooled in areas of heavy industrialisation where more trees have been lost and more fossil fuel burning takes place.

Environmentalists have long argued the burning of fossil fuels in power stations and for other uses is responsible for global warming and predicted temperature increases because of the high levels of carbon dioxide produced - which causes the global greenhouse effect.

A NASA spokesman said: “To quantify climate change, researchers need to know the Transient Climate Response (TCR) and Equilibrium Climate Sensitivity (ECS) of Earth.

“Both values are projected global mean surface temperature changes in response to doubled atmospheric carbon dioxide concentrations but on different timescales.

“TCR is characteristic of short-term predictions, up to a century out, while ECS looks centuries further into the future, when the entire climate system has reached equilibrium and temperatures have stabilised.”

The spokesman said it was “well known” that aerosols such as those emitted in volcanic eruptions and power stations, act to cool Earth, at least temporarily, by reflecting solar radiation away from the planet.

He added: “In a similar fashion, land use changes such as deforestation in northern latitudes result in bare land that increases reflected sunlight.”

Kate Marvel, a climatologist at GISS and the paper’s lead author, said the results showed the “complexity” of estimating future global temperatures.

She said: “Take sulfate aerosols, which are created from burning fossil fuels and contribute to atmospheric cooling.

“They are more or less confined to the northern hemisphere, where most of us live and emit pollution.

Comment by Combotechie
2015-12-21 21:08:31

NASA reveals this startling and amazing and possibly even peer reviewed intensely researched conclusion immediately after the Paris summit.

 
 
Comment by The Selfish Hoarder
2015-12-21 21:13:22

Holy smokes! My EP reaffirmed I should still be able to swim despite more certain information now from the gene test about my ticker! I’ve been doing alternative cardio exercise for awhile. Of course it makes sense I should still swim, I’ve done several “all out” half mile swims with this heart deal in mini triathlon races with no ill effect. Just that I will have to be on this medication to swim.

No desire to get back into masters swimming. I am not tall enough and fast enough to get a spot beyond second heat anyway. The tall ones are usually in the 20th heat.

 
Comment by Goon
2015-12-21 22:05:36

De La Soul (hip hop for white people) hello Park Slope and Chicago Loop:

https://www.youtube.com/watch?v=sj-vPcCfQ6k

 
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