Bits Bucket for March 23, 2016
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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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Death of a Unicorn
It was one of Britain’s brightest tech start-ups, praised by David Cameron, and a rare British “unicorn” - a company valued at over $1bn (£694m) before floating on a stock market.
Its dynamic founder Dan Wagner claimed last year that his business was worth $2.7bn (£1.9bn) and had signed a deal in China with “limitless” potential.
But last month Powa Technologies collapsed into administration - and it rapidly became clear that it was more akin to a lame old donkey than a unicorn. Its demise has raised questions about the health of London’s much vaunted fintech (financial technology) sector, and about the wisdom of sky-high valuations for unproven businesses.
In recent weeks, I’ve spoken to a number of people connected to the mobile ecommerce company in an attempt to work out what went wrong.
http://www.bbc.co.uk/news/technology-35860814
‘The employees were not impressed. One told me: “While the company was going under, he’s fooling around in a photography studio pretending to be Ziggy Stardust. The guy is a narcissistic idiot.”
‘It was a month later that Wellington Management decided enough was enough, and called in Deloitte to act as administrators. The insolvency has managed to dispose of parts of the business but the majority of the staff have lost their jobs.’
‘Thousands of miles away, at his home in San Francisco, Dorsey sat watching passers-by confront the puddle. “I was connected to the audience, and I could actually talk with them,” he says. “I could say, ‘Isn’t this ridiculous? We’re watching a puddle.’ And then, ‘Oh, is that woman going to walk around it? Is she going to get wet? Like, what’s going to happen?’ And it was just so cool to see how this little tiny thing became an event. But that’s been our history for 10 years.”
‘But even as Twitter’s annual revenue soared last year from $1.4 billion to $2.2 billion, the company lost $507 million. Its user base has stalled at roughly 320 million monthly active users.’
Silicon Valley, where Yellen bucks go to die:
‘I could say, ‘Isn’t this ridiculous? We’re watching a puddle.’
‘Why I’m skeptical about Apple’s future– Facebook is set to release its virtual reality headset, Oculus, next week. It will be big and clunky, expensive, and cause nausea and other problems for its users. Within a few months, we will declare our disappointment with virtual reality itself while Facebook listens very carefully to its users and develops improvements in its technology.’
https://www.washingtonpost.com/news/innovations/wp/2016/03/23/why-im-skeptical-about-apples-future/
Do you get one of those little bags like on an airliner?
I don’t own stock but if I had to either short Apple or go long I would go long…Just like VC’s, you can have a lot of losers in your ventures but it only takes one winner that creates massive profits…Just to much cash reserves to ignore…I would go long…
Dave,
I prefer to go long on Jake rather than lose piles of cash in a casino. Risking a penny on a debt-laden outfit like Apple is a penny risked far too much.
the 10 yr chart says a bundle COULD have been made. but you have too much fear to act.
AAPLE $13 in 2009
$106 today
not everyone is a loser.
And a long way to fall my friend. A very long way to fall.
AAPLE $13 in 2009
$106 today
then SHORT it - sounds like easy money. (ballz required)
A very long way to fall.
short it, buy a new truck with the gains, so you dont have to sell your 10 yr old one for $50k.
I shorted you instead.
Some days the zombie apocalypse can’t come soon enough.
They actually don’t cause nausea. I spent a couple days, cumulatively, wearing an occulus and a vive, and didn’t feel a twinge. I’m pretty susceptible to motion sickness too.
Was a sceptic, but I think VR will catch this time. I watched about 2 dozen people try it, an they were uniformly blown away. The experience is incredible.
“The Segway was introduced with a promise to transform cities; BusinessWeek has an article on what the Segway has accomplished in 5 years, and how ‘personal transportation,’ and the company, have changed. From the article: ‘The first Segway — a clean-running, technologically dumbfounding, fun-as-hell-to-ride device that was pretty much impossible to fall off of — was introduced to so much fanfare five years ago that the public-relations agency that helped engineer it still uses it as a case study in how to create a media frenzy. It may be an even better case study in media backlash. The initial euphoria had hardly worn off before a new consensus emerged: This was all much ado about a $5,000 scooter.’”
https://slashdot.org/story/06/09/05/132204/the-segway-five-years-later
The multi-millionaire owner of the company that makes Segway motorised scooters has died in a freak accident while riding one of his vehicles.
Jimi Heselden, 62, was found dead in a river after plunging 80 feet over a limestone cliff near his home.
He was riding a rugged country version of the two-wheeled Segway when tragedy struck.
Read more: http://www.dailymail.co.uk/news/article-1315518/Segway-tycoon-Jimi-Heselden-dies-cliff-plunge-scooters.html#ixzz43k8vz3p9
Follow us: @MailOnline on Twitter | DailyMail on Facebook
I owned a segway. Broke my leg with it
‘The narrow pathway used by walkers is littered with tree roots and is rutted and uneven for most of its length.’
‘The Segway was found in the river near his body, indicating that he was still riding the scooter when he drove over the cliff.’
‘Segways are banned on British roads for safety reasons, but are legal on private land. Mr Heselden had bought the Segway company in a deal last December and planned to further develop the machine.’
Picture this:
‘he was still riding the scooter when he drove over the cliff’
Trying to activate the emergency ejection seat, no doubt.
I guess the helium airbag didn’t deploy.
‘The experience is incredible”
Is that Ted Cruz on the front row?
Stop it, stop it, yer killin’ me here. Laughing so hard I can’t breathe.
Jeebus, I think my lunch is about to come up. And my buddy took a gander and he’s out on the couch having dry heaves of laughter.
More virtual-reality opiation for the sheeple. Because they weren’t stupid enough already.
You might very well need the barf bag, I bought a low $$$ Google cardboard viewer to check out VR with my smartphone and it is very cool…but don’t use it anymore as several minutes of viewing made me really queasy every time. Didn’t get to the bag stage but the feeling persisted for quite awhile after taking the viewer off.
I long for the days when start-ups made actual STUFF.
Powa was some sort of apple-pay app that was going to go under anyway. Were none of these VC’s alive in 1998? Why are they still funding incrementals and copycats?
What does your employer make?
Voluminous archives of smoke and mirrors, obfuscation and 100% pure bull$hit.
Prevention.
Q. “What does your employer make?”
A. “Prevention.”
What a great product to make and to market.
If the product was something like “solution” then there would have to be some sort of problem that needed be solved. But with a product such as prevention there really doesn’t.
Prevention = Regulations
This is why companies don’t make STUFF anymore. Why bother? Making things that last is a loser’s game.
“Prevention = Regulations”
If your product is regulations and if your product is any good then once you have created your product your job will be complete.
A job that is complete = A job that ends.
But if you can somehow never quite get the regulations right then your job will never end.
A job that never ends = Continuous employment.
So the incentive for the employee is to endlessly create regulations. And if the regulations that are created are not addressing the solution to a problem but instead are directed to addressing the prevention of a problem - real or imaginary - then so much the better; It is easy to measure the progress made in solving a problem but difficult to measure the progress made in preventing a problem.
If your product is regulations and if your product is any good then once you have created your product your job will be complete
She didn’t write that her product is regulations. Someone else wrote that.
A defective crappy product is a waste of company resources regardless what the product is.
DHS or FDA or
any of over 2000 agencies, bureaus, etc
https://twitter.com/danwagnerpowa
I think I’ve worked at companies like this
I long for the days when start-ups made actual STUFF.
Too risky. You could end up with a warehouse full of widgets nobody wants to buy. And all those widgets will come with suppliers that expect to be paid.
If you’re in the vaporware business your only expense is the staff and overhead.
The central banker action plan of monetary easing, negative interest rates, printing trillions of new fiat, currency debasement, and buying the bad debt of the criminal banking cabal, has not improved the lives of average people living in the real world. They have improved the net worth of the .01% who rule the world. They have succeeded in making the ultra-rich ultra-richer.
They, without a doubt, have made the lives of senior citizens far worse, the lives of middle income working class families ghastlier, and the lives of millennials just entering the workforce debt saturated and hopeless. Their deranged machinations have set in motion a global collapse which will make 2008 look like stroll in the park on a warm spring day.
http://www.theburningplatform.com/2016/03/22/yellen-draghi-kuroda-deranged-lab-rats/
And yet some people believe in a just world hypothesis.
Jeb endorses “outsider” Ted Cruz. Go figure.
http://www.politico.com/story/2016/03/jeb-bush-endorses-ted-cruz-221140
Kiss of death, Trump couldn’t ask for anything better.
Ted!
Not just Ted! TrusTed!
Keep poking….
http://www.theburningplatform.com/2016/03/23/keep-poking/
Cmon, give em a little taste of wha tit says. Money quote:
“Trump threatens to tear down all of that crap, and America is tired of paying for DC’s theft, fraud and scams. We’re fed up with electing people who claim they’re going to fix the problems and then make them worse — whether it’s letting illegal invaders in by the millions, some of whom go on to rape, rob and murder, terrorists that we let into the country on phony-baloney “fiancee” visas, pharmaceutical firms that financially violate our buttholes with pricing that is 2x or more that of socialist nations and five to one hundred times or more that of those without socialized medicine and more.
At the same time these politicians — including Cruz, I remind you, bleat on about how “horrible” our VA system treats those who have served our nation with honor and came home grievously wounded, whether mentally, physically or both. A program that is less than 2% of the federal budget becomes his focus and “can’t” be fixed, while more than one third of every dollar the government spends goes to favored lobbyist-backed companies and individuals that******us all every time we have a medical need of any sort. Cruz, you and the rest insult every veteran who has ever served our nation — you’re a damned forked-tongue disgrace.”
Fascism, American style.
https://www.rutherford.org/publications_resources/john_whiteheads_commentary/fascism_american_style
Yup
If Donald Trump is a fascist—as nearly half of Americans surveyed believe—then so is every other politician in office or running for office in America who has ever prioritized money and power over human beings.
Truly, apart from Trump’s virulently bombastic comments and his metaphorical willingness to spit in the wind in order to garner media coverage and notoriety, how is he any more of a fascist than Hillary Clinton and the millions she has amassed from the financial sector?
How is Trump any more of a fascist than Barack Obama, whose willingness to march in lockstep with the military industrial complex has resulted in endless wars, covert drone strikes that have killed hundreds of civilians abroad, and militarized police who have killed thousands of American citizens here at home?
How is Trump any more of a fascist than Congress, the majority of whom are millionaires and who are more inclined to do the bidding of their corporate sponsors and benefactors, all the while remaining deaf to their less affluent constituents?
For that matter, how is Trump any more of a fascist than the Supreme Court whose decisions in recent years have been characterized most often by an abject deference to government authority, military and corporate interests?
Doesn’t Drumpf want to bomb the Middle East a lot more, purposely kill more innocent family members of terrorists, ban entire religions from the US, greatly increase our use of torture, and increase state surveillance “beyond what we can imagine”?
I’m guessing that’s what makes some call him a fascist.
And muzzle the press, too. Shouldn’t forget that one.
Here are some various definitions of fascism:
“One common definition of the term focuses on three concepts: the fascist negations of anti-liberalism, anti-communism and anti-conservatism; nationalist authoritarian goals of creating a regulated economic structure to transform social relations within a modern, self-determined culture; and a political aesthetic of romantic symbolism, mass mobilization, a positive view of violence, and promotion of masculinity, youth and charismatic leadership.[25][26][27] According to many scholars, fascism — especially once in power — has historically attacked communism, conservatism and parliamentary liberalism, attracting support primarily from the far right.[28]
Roger Griffin describes fascism as “a genus of political ideology whose mythic core in its various permutations is a palingenetic form of populist ultranationalism”.[29] Griffin describes the ideology as having three core components: “(i) the rebirth myth, (ii) populist ultra-nationalism and (iii) the myth of decadence”.[30] Fascism is “a genuinely revolutionary, trans-class form of anti-liberal, and in the last analysis, anti-conservative nationalism” built on a complex range of theoretical and cultural influences. He distinguishes an inter-war period in which it manifested itself in elite-led but populist “armed party” politics opposing socialism and liberalism and promising radical politics to rescue the nation from decadence.[31]
Robert Paxton says that fascism is “a form of political behavior marked by obsessive preoccupation with community decline, humiliation, or victimhood and by compensatory cults of unity, energy, and purity, in which a mass-based party of committed nationalist militants, working in uneasy but effective collaboration with traditional elites, abandons democratic liberties and pursues with redemptive violence and without ethical or legal restraints goals of internal cleansing and external expansion.”[32]”
wikipedia
The Neocons and their spaniels think Trump is a Fascist because they can see him saying “You’re Fired!”
they can see him saying “You’re Fired!”
“promotion of masculinity, youth and charismatic leadership”
ISIS is afraid he’ll say “You’re Fried!”
Drumpf is going to spend billions and cut our taxes!
“If Donald Trump is a fascist—as nearly half of Americans surveyed believe—then so is every other politician in office or running for office in America who has ever prioritized money and power over human beings.”
All the people running for ruler are Fascists and Communists - a mixture. All the nuts who hallucinate them to enough power to murder people are also Fascists and Communists - a mixture.
RKH used to be against voters until he threw in the towel and admires one potential supreme leader.
This is gonna get a certain leftist academic clutching his pearls today.
NYT yesterday: “Senator Ted Cruz of Texas angered American Muslims on Tuesday with a call to “patrol and secure Muslim neighborhoods” in the wake of the terrorist attacks in Brussels.”
Great, so our Presidential candidates are either all-in Godwin or all-in kumbaya.
Hey donk
Wall v. Open Borders. Under an ask for 10 and get 8 philosophy, I’d choose wall.
Patrol and secure Muslim neighborhoods with what? Is Cruz proposing some sort of Ethnicity Militia? That’s about as creepy a proposal as the man himself.
Patrol and secure Muslim neighborhoods with what?
The same force that’s going to round up and deport 12 million people?
The “Muslim neighborhoods” thing calls to mind some pretty specific history.
The 12 million people shouldn’t be here and definitely shouldn’t be working here. Why, in fact there are laws on the books about that.
And what about Europe rounding up those migrants and sending them back to Turkey? Is that fascist too?
And I have a retirement account. Did I prioritize money over people, am I the F word too?
Lady Liberty is a maggoty, skull-f**ked corpse, killed by the neocons and corporate statists, while slack-jawed ‘Muricans looked on in dull-eyed incomprehension.
The 12 million people shouldn’t be here and definitely shouldn’t be working here. Why, in fact there are laws on the books about that.
Still gonna take a big force to round them up, process them, and deport them. Raymond was wondering where the force could be found to patrol and “control” muslim neighborhoods, seems like a Deportation Militia would be hand-made for such an assignment, when they’re done with the Mexies.
Then they can turn their attention to citizen-critics of the gov.
I have seen the future, and it is ruled by morons.
Elected by bigger morons. ‘Murica!
It’s morons all the way down.
IDIOCRACY R Us
https://www.youtube.com/watch?v=FzbWXgM0ygU
“Governments of Europe brought in terror cells, protected them and let them attack” Alex Jones
The sheeple voted for globalists. What did they expect?
Everyone makes mistakes.
You can’t fix stupid.
Making any distinction among people based on race, religion, sex, national origin, or obesity is cause for the death penalty, unless it benefits a “progressive” group.
You mean like, “you’re just an old, angry white male.”?
Sexism, racism and ageism all in one sentence.
At least it’s not “fat, black, Jewish, lesbian”. Remember that?
Actually it’s fat angry old white male.
Bessball been berry, berry good to Obama.
Man, the wave couldn’t even get Moochelle Obama off her fa… (I better not say that).
Obama, Castro Do ‘the Wave’ at Baseball Game - YouTube
http://www.youtube.com/watch?v=sfNhS0_Jgwk - 192k - Cached - Similar pages
16 hours ago .
Fundamental transformation, courtesy of the oligarchs and globalists.
http://www.breitbart.com/london/2016/03/22/germany-sees-record-2-million-migrants-in-2015/
Importation = more votes. And, potentially, more tax revenue.
What could be better if you’re a NeoCon/Progressive?
Will US taxpayers have to bail out auto subprime lenders?
http://www.zerohedge.com/news/2016-03-22/could-be-problem-losses-deep-subprime-auto-double-industry-average
Looking at small trucks and used SUVs, and Toyota dealership can’t keep vehicles in stock they said (looking at Tacoma.) Other things I’ve read said that car replacement was put on hold during the recent bust years so now demand is high as people seek to replace older vehicles. I’m driving a car I bought 16 years ago and in the not too distant future it’s going to explode. It already rains inside when it rains outside, and is overdue for expensive maintenance that I skipped due to high risk of transmission failure. Used car prices are way too high.
Are you sure?
“US Auto Sales Plunge To 6-Month Lows - Biggest Miss Since Nov 2008″
http://www.zerohedge.com/news/2016-01-05/us-auto-sales-plunge-6-month-lows-biggest-miss-nov-2008
My area is stuffed full of Tacomas, old and new, which is probably why you can’t find any. The only American trucks I see tend to be beaters.
If used make sure they avoided dc traffic as it doubles the hours of operation
Used car prices are way too high.
The days of cars depreciating 50% in two years are long gone.
That depends on how many miles you use up.
With subprime auto delinguencies rising, I’m thinking a lot more used cars are going to be headed for auto auctions at deep discounts. Of course deadbeats who know their vehicles are getting repossessed tend to neglect the maintenance, so caveat emptor.
Bingo. It’s way too easy to buy a car. For the just-above-the-poors crowd, I suspect they’ve been able to buy far more car the past few years.
Leveraged loans showing signs of distress.
http://wolfstreet.com/2016/03/23/bank-earnings-leveraged-loans-distress-ratio/
It’s different this time.
http://wolfstreet.com/2016/03/22/fundamentals-have-cooled-but-are-unlikely-to-collapse-fitch-on-tech-oriented-office-markets/
Delinquency rates on subprime auto loans climbing. Will the sheeple meekly bend over for another Wall Street bailout like they did in 2008?
http://wolfstreet.com/2016/03/21/subprime-wall-street-tbtf-grupo-santander-consumer-lending/
Once the oligarchy is above the law, the Republic is already dead.
http://www.thedailysheeple.com/if-hillary-isnt-indicted-the-rule-of-law-and-the-republic-are-dead_032016
Ignoring immigration laws in the southwest via executive order for the last few years certainly didn’t help either.
Once the Oligarchy is above the law, the Republic is already dead.
To paraphrase Ernest Hemingway: How did you lose your Republic? Two ways, gradually and then suddenly. The Romans experienced this when their Republic was extinguished by Empire.
The erosion of the Republic was gradual: slowly but surely, the lower classes’ representation in governance was curtailed; the Oligarchy of the wealthy and powerful cemented their privileges at the expense of the many; Oligarchs rose above the laws that were supposed to apply to all, and executive power was consolidated in top administrators and the wealthy at the expense of the Senate.
When Caesar crossed the Rubicon with his army to seize control of Rome, the Roman Republic ceased to exist. Gradually and then suddenly: this is how Republics become Empires.
We find ourselves in a parallel moment in history: the American Republic has been hollowed into a shell that is maintained for PR purposes.
Beneath the propaganda, the Establishment runs the nation for its own benefit. The people are ignored, because they are powerless in this hollow shell of democracy: their only role is to provide bodies, talent and blood for the Imperial armed forces, pay taxes if they have any money, and be content with their food stamps if they don’t.
More Kabuki theater from the Federal Reserve. Yellen the Felon’s actions as Fed Chair are always completely predictable once you realize that the Fed’s sole mandate is to facilitate the .1%’s financial warfare against the 99%. That means these contrived “hawk vs. dove” dissentions are meaningless - since QE and ZIRP/NIRP are the most efficient means to transfer wealth from the 99% to Yellen’s oligarch cohorts, more QE and ZIRP/NIRP are foregone conclusions.
http://www.cnbc.com/2016/03/23/fed-chair-yellen-has-a-mini-revolt-on-her-hands-as-dissenters-emerge.html
The FSA is counting on taxpayers to take care of them in retirement.
http://losangeles.cbslocal.com/2016/03/21/not-as-many-americans-saving-up-for-retirement-study-finds/
Their future (images) …
(Q. Is living in a box from Nordstrom more prestigious than living in a box from, say, WalMart?)
https://www.google.com/search?q=living+in+cardboard+box&biw=1360&bih=651&tbm=isch&tbo=u&source=univ&sa=X&sqi=2&ved=0ahUKEwiX3LWv_9bLAhVG4GMKHeoMB0YQsAQIGw
They WILL take care of the FSA. And see their 401Ks and IRAs raided.
I need to create a new phraseology/equivilency for the “Keep The Borders Open, Dammit!” crowd. It needs to succinctly and concisely encapsulate three general ideas:
(1) You’re a racist if you don’t let others invade your sovereign country.
(2) Just don’t you dare think anyone should be able to walk into MY domicile unimpeded, to take/do whatever they want from me or to me.
(3) I have mine, so screw you. (Which really is a combination of #1 and #2).
(4) How I got mine is of no concern to you…and besides, we’re talking about #1, above.
The Republicrat duopoly will throw their dependency classes under the bus if they have to choose between bribing the FSA and enriching their oligarch donors.
Californian?
Cryptocrite?
Portugal,Hungary,Argentina and Poland already have pilfered private savings
I looked up what happened in Hungary. They didn’t outright confiscate savings, but they told those who refused to invest in government bonds that they wouldn’t get any Social Security if they refused.
So if you had a large wad saved you could tell the gov to keep their social security and you keep your dough (and move it to an offshore bank). From what I read, they didn’t raise all that much money.
As long as the Fed can conjure money out of thin air I don’t see why they would have to confiscate anything. Unfortunately for Hungary, the Forint isn’t considered a reserve currency and firing up their printing presses would send it into a death spiral.
Ray K…..
http://www.businessinsider.com/elderly-americans-not-working-enough-2016-3
“But that doesn’t mean there aren’t policy wonks out there trying to come up with ways to reduce the cost of Social Security, Medicare and the other elements of the social safety net that consume such a large portion of the federal budget.”
One way to reduce the cost of Medicare is to open it to everybody via a public option. The current system inhibits preventative care and allows for multiple skims. Let the young pay directly for the old in one transaction.
Now there’s a DebtDonkey/MT Pocket dreamdate with a failing economy.
Social security and pension funds represent the last great unlooted pool of wealth in ‘Murica. For the past decade the Wall Street sharks have had their K Street bagmen drawing up “privatization” schemes for their Republicrat henchmen to implement, marking yet another vast swindle against the 99%, but so far enough people have been paying attention and pushing back that the Wall Street fraud syndicate hasn’t been able to get it passed. But if Hillary or Cruz gets in, I’m pretty sure it’s game over - those two would sell their own grandmothers if there was payola in it.
Don’t let Obama and the system turn you into a DebtDonkey.
https://goo.gl/7iKHeF
The Failure Of Solar: SunEdison Plummets On Imminent Bankruptcy; Axiom Sees “The Beginning Of The End” And 85% More Downside
http://www.zerohedge.com/news/2016-03-23/sunedison-plummets-imminent-bankruptcy-axiom-sees-beginning-end-and-85-more-downside
Anne Barnhardt: I don’t support any candidate for President of the United States because THE UNITED STATES OF AMERICA NO LONGER EXISTS. The United States WAS a Constitutional Republic. This monstrosity is in no way, shape or form a Republic, under the Constitution. It is a straight-up oligarchy. The country I was born in NO LONGER EXISTS. And since I am a person who ACTUALLY BELIEVES WHAT SHE BELIEVES, when you ask me, “Who do you support for President?”, in order to be INTELLECTUALLY CONSISTENT, I can only respond with another question:
PRESIDENT OF WHAT???
Further, as I have been screeching for going on eight years now, all of this political stuff, especially presidential politics, is totally, totally fake. It is Kabuki Theater. It is scripted theater designed to “entertain” and mollify the class of people whose IQs are 15-20 higher than the people watching Ballroom Dancing with Honey BooBoo or whatever the hell is on TeeVee these days. And to make enormous amounts of money for the oligarch players and their toadies.
http://www.barnhardt.biz/2016/03/19/wherein-i-comment-on-electoral-politics-its-professional-wrestling-without-the-wrestling/
John Carpenter did it better:
http://youtu.be/kgHZubM7M-I
Bank CEOs using the “no one told me” excuse again for the actions of “rogue traders.”
http://www.businessinsider.com/credit-suisse-thiam-didnt-know-about-bad-trades-2016-3
They dindu nuffin!
Bravest man in Politics: Bernie Sanders harshly criticizes Israeli Occupation: ‘Absurd’ Settlements, 44% Unemployment
The Vermont senator called himself a “friend” and “partner” of Israel but called for an end to occuption of Palestine.
After Democratic presidential candidate Bernie Sanders decided against attending the American Israel Public Affairs Committee’s annual conference, he outlined his views on the Palestine-Israel conflict and the wider Middle East via video, calling himself a “partner” and “friend” of Israel but not shying away from criticizing one of the United States’ closest allies.
“To my mind, as friends – long-term friends with Israel – we are obligated to speak the truth as we see it. That is what real friendship demands, especially in difficult times,“ said Sanders.
“I am here to tell the American people that, if elected president, I will work tirelessly to advance the cause of peace as a partner and as a friend to Israel.”
Sanders then addressed the need to help Palestinians given the challenges they face. “But to be successful, we have also got to be a friend not only to Israel, but to the Palestinian people, where in Gaza unemployment today is 44 percent and we have there a poverty rate which is almost as high,” Sanders explained.
A week after Israel appropriated huge tracts of land in the occupied West Bank, Sanders joined the United Nations and the European Union in criticizing Israel’s expansion of settlements, saying it “undermines the peace process” and Israeli “security.”
“It is absurd for elements within the Netanyahu government to suggest that building more settlements in the West Bank is the appropriate response to the most recent violence. It is also not acceptable that the Netanyahu government decided to withhold hundreds of millions of Shekels in tax revenue from the Palestinians, which it is supposed to collect on their behalf,” Sanders said.
The Vermont senator also called for an end to the economic blockade of Gaza and a “sustainable and equitable distribution of precious water resources so that Israel and Palestine can both thrive as neighbors.”
“Peace has to mean security for every Israeli from violence and terrorism. But peace also means security for every Palestinian. It means achieving self-determination, civil rights and economic well-being for the Palestinian people,” said Sanders.
“Peace will mean ending what amounts to the occupation of Palestinian territory, establishing mutually agreed upon borders, and pulling back settlements in the West Bank, just as Israel did in Gaza – once considered an unthinkable move on Israel’s part,” he added.
In contrast, Hillary Clinton attended the AIPAC conference and praised the “deep emotional connection” the U.S. shares with Israel.
The Democrat front-runner made it clear she would not remain neutral in the Israel-Palestine conflict and would invite Israeli Prime Minister Benjamin Netanyahu to the U.S. as one of her first moves in the White House.
Clinton also criticized the growing Boycott, Divestment and Sanctions movement, telling Netanyahu: “Don’t let anyone bully you, or shut down debate … especially in places of learning like college or universities.”
Sanders was the only presidential candidate to skip AIPAC this year, which hosts more than 18,000 pro-Israel advocates and lobbyists.
http://www.juancole.com/2016/03/bravest-man-in-politics-bernie-sanders-harshly-criticizes-israeli-occupation-absurd-settlements-44-unemployment.html
They’re going to repo his yarmulke if he keeps up like this.
Barney Sanders is pro-debt slavery.
Trust your betters, says Oligopoly stooge Paul Ryan.
http://bigstory.ap.org/article/3810c7929ccb4b9b8a7e2d0cdb789c9e/ryan-disheartening-politics-risks-distrust-government
Will Yellen the Felon preside over The Great Crash of 2016?
http://www.marketwatch.com/story/rich-dad-author-says-the-market-collapse-he-foresaw-in-2002-is-coming-2016-03-23
26% of ‘Murican workers have less than $1000 saved, but the Oligopoly financial media assures us that’s good news.
http://www.marketwatch.com/story/26-of-workers-have-less-than-1000-in-savings-and-thats-good-news-2016-03-22?siteid=YAHOOB
“26% of ‘Murican workers have less than $1000 saved”
A work in progress.
When Yellen institutes NIRP the percentage will drop even lower.
26% of ‘Murican workers have less than $1000 saved
What savings is the government going to confiscate?
They’re already confiscating it through the stealth tax of inflation, thanks to the Fed’s deranged money-printing.
“They’re already confiscating it through the stealth tax of inflation, thanks to the Fed’s deranged money-printing.”
So when can we expect policies that bring back 9-10% mortgage interest rates?
The U.S. regime murdered between 20 million and 30 million people around the world since WW II.
The next president, Deity or not, will add 100s of thousands more murders to that tally. Some of you HBBers will hire that agent his November.
http://www.hangthebankers.com/us-regime-killed-30-million-people-ww2/
No no… Donald trump will send each of them a free pony!
Roger Ver’s $100,000 debate challenge to Bernie Sanders. Video is in the article. Very good speech.
https://news.bitcoin.com/will-bernie-sanders-accept-roger-vers-100000-debate-challenge/
Whoopsie-daisy….
http://www.zerohedge.com/news/2016-03-23/new-home-sales-plunge-most-june-2014
Looks like the next president is going to have a flaming bag of dog poop on his porch.
I think Yellen the Felon is trying desperately to kick the can until after the elections. Not sure we’ll make it that long.
But then they’ll get negative interest rate credit cards and earn income from their debts.
Looks like a replay of 2008.
My napkin math says Trump needs 52% of the remaining delegates to win the nomination outright and stop any sort of brokered convention. With Cruz and Kasich staying in the race for the long haul, is that acheivable for Trump?
Yep. He’s going to be the nominee. The love child of Chauncey Gardner and Richie Rich is going to be the next president.
Well it looks like Cruz and Kasich combined keep him under 50% in most states. what could bring him over the edge is if he does well in winner take all states. But even most of those states have some funny rules that can award delegates to other candidates in certain circumstances.
Thank you, Arizona!
https://pbs.twimg.com/media/CeM-JnKW8AAqZKZ.jpg
This doesn’t bode well for John McCain’s re-election.
Much bigger win than anticipated in Arizona. Thank you, I will never forget!
https://pbs.twimg.com/media/CeNCIaGUYAAHwr7.jpg:large
Washington’s probe into the alleged rigging of the $13 trillion US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms — including Goldman Sachs, The Post has learned.
In addition, European authorities have opened their own investigation into possible Treasurys bid-rigging, sources said.
Investigators in the fraud division of the Justice Department have obtained chats and emails from Goldman that appear to implicate the company in manipulating the price of Treasury bonds, according to two sources familiar with the investigation.
http://nypost.com/2016/03/20/goldman-sachs-allegedly-rigged-prices-of-treasury-bonds/
“rigging of the $13 trillion US Treasurys market by Wall Street banks”
With a wink and a nod from;
1)Those who stand to profit
2) Those that enforce the rules
Time for the donks to get to work…..
This….
http://www.businessinsider.com/elderly-americans-not-working-enough-2016-3
Helicopter Money Takes Flight as Latest Drastic Monetary Idea
HSBC, Citigroup, Commerzbank economists discuss Friedman idea
Inflation still weak despite interest rate cuts, bond-buying
After more than 600 interest-rate cuts and $12 trillion of asset purchases failed to move the inflation needle enough, central banks may need to head even deeper into uncharted territory.
The way to get the world out of its disinflationary rut could lie in them directly financing government stimulus — a strategy known as deploying “helicopter money” after a 1969 proposal from Nobel laureate Milton Friedman.
Economists at Citigroup Inc., HSBC Holdings Plc and Commerzbank AG all published reports to investors on the topic in the past two weeks, while hedge fund titan Ray Dalio sees potential in the idea. European Central Bank officials are already squabbling about what President Mario Draghi calls a “very interesting concept.”
“We don’t know for certain that ‘helicopter money’ will be the next attempted silver bullet, however the topic is receiving considerably more attention,” said Gabriel Stein, an economist at Oxford Economics Ltd. in London. “The likelihood is reasonably high of some form being implemented somewhere.”
The theory — never attempted by a modern major economy — is to fuse monetary and fiscal policies now both running out of room. Cash-strapped governments sell short-term debt straight to their central bank for newly printed money that is then injected straight into the economy via tax cuts or spending programs. The usual intermediaries, like banks, are bypassed.
The idea is to spur spending and investment directly rather than influence bond yields or sentiment. Central banks can be saved from permanently underwriting governments by establishing growth or inflation limits.
http://www.bloomberg.com/news/articles/2016-03-22/billions-from-heaven-helicopter-money-option-wins-fans
Rusty,
Do you really believe wages are going to triple or quadruple to meet grossly inflated prices?
Of course not.
Prices will continue falling from massively inflated levels to meet wages.
It’s the way the world works.
Which prices are falling exactly?
Irrelevant.
Oil?
Oil has gotten cheaper, but the price is so low at this point that it probably won’t continue to fall.
Irrelevant Rusty.
Current crude prices are grossly inflated at 4x production cost.
I might get cable so I can get remodeling ideas from HGTV.
Just tear down some walls and put in granite counter tops. There, saved you some cable fees!
Does everyone really like open concept floor plans though? Personally I like houses or apartments with rooms in them, with doors that you can shut.
Does everyone really like open concept floor plans though?
Don’t know, but that’s all they’ve been building in the US for decades. The rationale is that the open floor plan is better for entertaining, Then again, the American style of “entertaining” is to have everyone milling around in the kitchen (hey, those are granite countertops!) while the giant TV in the “great room” (which can be seen unobstructed from the kitchen) is blaring away. I once committed the faux pas of suggesting to the host that he turn it off. He actually glared at me for my horrific suggestion.
When visiting relatives in the UK I saw lots of doors: to the kitchen, to the living room, dining room, the sun room (an attached green house, seems everyone there has one), etc.
Don’t do it. Every HGTV show has about two minutes worth watching: the before and after. The middle is all drama filler. Just find some stuff on youtube. Or This Old House.
remodeling ideas from HGTV.
To increase curb appeal, cut down every mature plant, bush, and tree in the yard, replace with little sprouts and saplings that will look great in 20 years when the next owner cuts them down.
What was that infamous line in Animal House when Bluto is confronted by the president of the university - something like “Going through life drunk, stoned and stupid is no way to ….?????”
This…
http://www.denverpost.com/news/ci_29670695/12-beer-consumed-u-s-now-comes-from
That was Flounder.
https://www.youtube.com/watch?v=u1hnwvWhbJw
1
Somebody stop him, please!
https://www.youtube.com/watch?v=CiJYGV8faZw&feature=youtu.be
EXCLUSIVE: Belgian Intelligence Had Precise Warning That Airport Targeted for Bombing
Attack in subway likely also known in advance by Belgian and Western agencies; attack plan was formulated at de-facto ISIS capital of Raqqa, in Syria.
Just like Bush/Cheney knew.
ED ZACHARY!
“Governments of Europe brought in terror cells, protected them and let them attack” Alex Jones
Ever notice that most politicians, banksters and other assorted elitards just never seem to get hurt or killed in any of these attacks? With the exception of that obscure little rag Charlie Hebdo, it seems that media outlets are immune as well.
“Governments of Europe brought in terror cells, protected them and let them attack”
What’s the end game?
http://atimes.com/2016/03/us-returns-to-stagflation/
BY DAVID P. GOLDMAN on MARCH 23, 2016 in ASIA UNHEDGED, DAVID P. GOLDMAN, SPENGLER
“The economic surprise of 2016 may be inflation picking up more than most economists expect,” wrote Justin Lau. in the March 21 Wall Street Journal, adding, “The Labor Department last week reported that its core inflation measure, which excludes food and energy prices, was 2.3% higher than a year earlier in February.” The trouble is that Americans aren’t earning and spending more. Two big items in the household budget just cost a lot more. Housing and healthcare account for all of the inflation bounce. Rising prices are making Americans poorer. Stagnation with inflation, or stagflation, was the economic disease of the 1970s, and the US is having a recurrence.
cpivsearnings
Neil Bush, who should’ve gone to prison for the collapse of the Silverado S&L during the 1980s that cost taxpayers $1.5 billion, just endorsed Ted Cruz. If 95% of the electorate wasn’t stupid, that alone would torpedo Cruz’s campaign.
http://dailycaller.com/2016/03/10/ted-cruz-a-bush-by-another-name/
Kids can’t be kids in our NEA indoctrination mills.
http://abc13.com/news/12-year-old-arrested-for-pinching-boys-backside/1258302/
why isnt China fighting ISIS?
Chines sheeple are smarter than you. They didn’t elect the people you voted twice.
Ice Cube — The Product (1992):
https://www.youtube.com/watch?v=n5yGVojCo3c
Traffic — Shouldn’t Have Took More Than You Gave (1971):
https://www.youtube.com/watch?v=JweZ_wzmifw
Ice-T — Escape From The Killing Fields (1990):
https://www.youtube.com/watch?v=O2XPvxXSjn0
Motley Crue — Too Young To Fall In Love:
https://www.youtube.com/watch?v=MC3RYVGaYNY
Now you’re talking.
Here’s another but only if you got streetlight dimming amplification and volume.
https://youtu.be/FToyVkqPW7Y
BTW take a look at their live stuff in 2015. They ought to change their name to Meatloaf Crue. Vince is looking real rotund these days. I think he dosed up on a sammich and bag of Cheetos every other song.
the Grateful Dead — Operator (1970):
https://www.youtube.com/watch?v=Id0HUt4eNkU
The existing home sales data series has become as erratic and unpredictable as the Census Bureau’s new home sales report. One can only wonder about the reliability of the National Association of Realtors reporting methodology when its Chief “Economist” repetitively states month after month that “job growth continues to hum along at a robust pace.” Any economist who uses the Census Bureau’s monthly employment report as their evidence that the U.S. economy is producing meaningful, income-producing jobs is either just another propaganda mouthpiece or is of questionable intelligence. Either way a statement like that is highly unprofessional.
http://investmentresearchdynamics.com/housing-sales-start-to-tank-as-suprime-auto-loan-delinquencies-soar/
NAR. The most untrustworthy organization in the United States.
It would have been a better story if he had gone back with 60 friends.
Florida man steals BMW he tried to buy with food stamp card
By Associated Press
Published: March 23, 2016, 7:21 am
STUART, Fla. (AP) – Authorities in Florida have arrested a man they say stole a BMW after trying to buy it with a food stamp debit card.
The Martin County Sheriff’s Office tells news outlets in a statement that 36-year-old Nicholas Jackson was arrested Friday and charged with grand theft auto.
Deputies say Jackson was turned away at the Pompano Beach auto dealership after trying to buy the $60,000 car using his EBT card and a credit card.
However, deputies say the suspect returned the next night and stole the car along with keys from 60 other vehicles.
Deputies say they later found Jackson with the car and the keys after he ran out of gas because he didn’t have money to fill the tank.
It isn’t immediately clear if he has an attorney.
ksn.com/2016/03/23/florida-man-steals-bmw-he-tried-to-buy-with-food-stamp-card/ - 195k - Cached -
Pardon him and get him a job at the Fed.
Looks like the Free Sh*t Army has its own Arab Legion.
http://www.breitbart.com/big-government/2016/03/23/govt-report-welfare-usage-spikes-among-refugees-from-predominantly-muslim-regions/
How not to grow your company:
http://www.ocregister.com/articles/haggen-681753-california-southern.html
Amerika pay attention, this your future. I’d rather be a New Jack Hustler:
https://www.youtube.com/watch?v=OBUxUa0TrsY
If I Had No Loot
https://www.youtube.com/watch?v=4TRbJoLXna0
Dozens of College Students Triggered After ‘Trump 2016’ Written in Chalk
“My reaction to the chalking was one of fear,” says one frightened student
Adan Salazar - March 23, 2016 69 Comments
Several students at Emory University in Atlanta requested a meeting with the school’s president after the words “Trump 2016” were scrawled across campus.
Jim Wagner, the president of the university, said Tuesday he had spoken with some 40 to 50 students after they claimed they were triggered by the words “Trump 2016” and other pro-Trump messages written in chalk on buildings and sidewalks around campus.
The students said they were threatened by the “intimidating” messages, and voiced “genuine concern and pain” regarding the messages, reports the Associated Press.
The college news site The Tab published several photos of “the chalking.”
“My reaction to the chalking was one of fear,” freshman Amanda Obando told The Emory Wheel college paper. “I told myself that it was a prank, and that the responsible individual was probably laughing in their room. I told myself that Emory would do something about it.”
Another student said he was “alarmed” by some of the Trump messages he read.
“I saw one big one, ‘Trump 2016,’ so I thought it was an isolated incident and I didn’t think much of it,” junior Harpreet Singh told the Wheel. “I thought, ‘Okay, it’s just a guy who wants to write whatever he wants to believe in for his political campaign.’ I was like, ‘Okay, I’m fine with that, to a certain extent.’”
“What I also saw on the steps near Cox [Hall] Bridge was ‘Accept the Inevitable: Trump 2016,’” Singh continued. “That was a bit alarming. What exactly is the inevitable? Why does it have to be accepted?”
Poor fragile little snowflakes. When they get drafted en masse to fight in the next neocon war, they may be in for a rude awakening against adversaries that still prize martial virtues and manliness.
Had your fill of hope ‘n change?
http://www.zerohedge.com/news/2016-03-23/sleeping-giant-awakens
Poor donks. Poor poor donks.
The Cult of Cultural Marxism
http://www.shtfplan.com/conspiracy-fact-and-theory/the-cult-of-cultural-marxism-foolish-of-the-forces-they-are-ushering-in-to-destroy-america_03232016
Nabisco shifting Oreo production to Mexico. I will never eat another Oreo as long as I live.
http://www.msn.com/en-us/money/inside-the-ticker/oreo-maker-ignores-trump-clinton-criticism-begins-layoffs-in-chicago/ar-BBqPGys?li=BBnb4R7
Stupid Europeans imported trouble, then turned a blind eye to it.
http://observer.com/2016/03/europe-is-again-at-war/
Men who vote for Bernie Sanders are not men at all?
Dear ‘Men’ Who Vote Bernie Sanders: You’re not Men at All..
Courtney Kirchoff Tuesday March 15 2016
BernieSandersMen
Dear ‘men’ who aren’t actually men but perpetual boys,
Months ago I penned an open letter to real men (Screw Off, Feminists: An Open Letter to Men from a Real Woman). I wrote that letter with great care, honoring a certain kind of man. One who has ambition, self-worth, confidence, and valor is a man worth commemorating–by both women and society. Truth is we do not support men like this often enough. We can and we should cherish men who exhibit traditionally masculine characteristics. They have made the world what it is today. I raise my glass to you gents. I’ve even made you a sandwich.
byebyeStarWars
But on the flip side of these strapping, rugged men there’s you. A Bernie Sanders sycophant with not quite enough self-worth to fill an egg cup. Or a teaspoon. Certainly not enough to fill your bong. Take a good long puff before you read the rest of this, it’s not going to get any better. I’m not going to make you a sandwich either. May I recommend a Hot Pocket?
Read more: http://louderwithcrowder.com/dear-men-who-vote-bernie-sanders-youre-wimpy-and-gross/#ixzz43n9GXakL
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