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dow down 300+ points.
OO,
I read a story about slowdown in China, Just wondering what's your take?
Mayor of Cleveland, OH suing 21 major banks, lenders, and blue chip companies claiming they are similar to organized crime. He is seeking compensation for lost tax revenue, money to fight skyrocketing crime, and for demolishing abandoned houses.
Mozilo to get 150 million as a golden parachute severance.
Source: CNN Just DVRd it.
I don't know Randy, with all of these hidden social costs that you keep bringing up, solar, wind, and hydro are starting to look pretty cost effective. Frankly I don't really care if it takes massive subsidies to get this country on the right track.
Either we will pay the social costs as investments in the future or we will become a nation similar to the "home debtor" model where we never pull ahead because we will constantly be cleaning up the environment, or becoming even unhealthier, or still acting as drug addicts to foreign countries to supply our energy habbit.
Peter P,
I haven't been up north in ID yet. Coeur d'Alene is about 370 miles north of Boise on a winding 2-lane highway. By all accounts it's spectacular. National Geo magazine once ranked the lake there among the 5 most beautiful lakes in the entire world.
A DVD video suggestion:
http://www.idptvsecure.org/Merchant2/merchant.mvc?Screen=PROD&Product_Code=ARTP&Category_Code=
This is the best 1-hour documentary on what Idaho looks like. It's all aerial photography, similar to those "Over XXX" shows the national PBS has produced. Too bad the narration is a bit "hokey".
EBGuy,
Actually I believe that is chicken "rancher". You know, rope'n and ride'n? Git' along little... chickie?
Well, if you had to live within sniffin' distance of a chicken ranch (it's the least that rancher could do!)
DennisN,
If you're talking about Priest Lake (Upper and Lower) I'd say #1. And I've seen a few. IMHO.
Actually all of northern Idaho is "lake country", what with Lake Coeur d'Alene, Lake Pend Oreille, Hayden Lake, and upper/lower Priest Lake. Aerial shots of Pend Oreille, with its steep slopes diving into the lake, make it look like the fijords of Norway.
What I especially liked about Priest Lake is that you're so far north the sunsets seem to last forever!
When we looked back on the vacation video everybody is just suh-mashed. It looks like it's only 7:00pm when it's actually closer to 10:00pm!
The Summer Solstice! Yeah, yeah, that's why we're suh-mashed.
The sad irony is the knee-jerk anti-nuke movement (if you can call it that) has probably contributed as much to the present state of global warming (in terms of carbon) as have any of the corporate or fossil fuel interests.
I think the knee-jerk movement to "global warming" and "coming ice age" will ruin the environment.
I heard from the radio yesterday that someone proposed introducing iron into the ocean to absorb CO2 using micro-organisms. I was so mad! They are going to destroy my seafood!
The best way to handle "global warming" is to ignore it. Even in the extreme unlikely event that it is more than make-believe, we will adapt to the consequences easily.
Thanks DennisN!
Perhaps we may look to visit Idaho sometime this Summer.
Peter P,
On the RADIO!? The radio? I get these insane investment "newsletters" touting outrageous returns on this BS! I think they called the ship (ship hell it was a boat) something like "Planktos". Yeah, they're going to dump iron filings in the ocean off of Galapagos.
Madness!
Hilary Clinton just made what in my opinion is one of her scariest soundbites.
Quote: "It's imperative that we have an economy that works for everyone, that we take care of people who get up ever day and do the very best they can."
Source: Just played on C-Span
Now she is calling on the President and Congress to come up with some quick action to prevent the slide into recession.
Yes, yes the $70 bil. Economic Stimulus Package?
It was Seven-Oh right? I don't get it. Stimulate what? Were we... under stimulated?
Some reports from the front. Its probably too soon to call it a trend, but it does appear from Socketsite that condos are tettering on a knife edge in Ess Eff. Foreclosures in new buildings are popping up now and again and listing lower than their previous sales price. SpecUvestors?! I'm shocked!
In Fortress East Bay, Piedmont (yes, its the schools) is starting to show some cracks. Three green pins (NODs) showed up on my latest Trulia search -- up from no pins last time I searched for foreclosures. Also, this took place just a bit outside of Piedmont proper.
She is proposing a 30 billion dollar fund to help hard hit communities and homeowners to weather the foreclosure crisis.
"In CA you have 95,000 homes in foreclosure."
~The fund would give states resources to provide at risk families with desperately needed services like financial counseling, and legal assistance, and help refinancing these unworkable unaffordable loans. States and communities can also use these funds to offset the costs from rising foreclosures, everything from maintaining vacant properties to services like community policing.~
(The typical liberal, create a crisis to justify more power for them.)
Oh and the clincher, "vacant properties attract people you don't want in your neighborhood." (Aren't those people her voting block?)
Now the 90 day moratorium on foreclosures.
Her reasoning for the crisis:
1. We've had predatory lending practices
2. People who put homeowners into mortgages they couldn't afford because they got more money for having a higher interest rate.
3. A lot of people who could pay for a good rate but were pushed into adjustable mortgages.
4. A lot of families could stay in their houses and pay the mortages they are currently paying.
5. (Plays the race card nicely)Pressure coming from investors, understand it's not the local bank, it is someone sitting in Shanghai, or Dubai, or Berlin, or London, and what they're saying is I'm supposed to get an interest rate return up here (hand gesture) and if YOU stop me I'm not getting my return on investment.
6. She's proud to represent Wall Street, but on this issue Wall St is complicitous (WTF?) with the banks and the mortgage brokers and the lenders and everybody who took advantage of Americans in this mortgage crisis.
(Note: Not once does she blame the borrower)
Now the 5 year moratorium.
(She gets the most upset about this abusive practice.) 1st time buyers or people who moved to a larger home who didn't read the fine print, "I gotta tell ya, I skimed MY mortgage papers, I didn't read them, I didn't know what was that fine print and all those pages of legalese." ( she didn't read her own mortgage documents, I thought she was a lawyer, and yes she did just say this!!) People did what their friends and familty told them and put extra money in with their check or tried to pay their house off and were Hammered wtih a prepayment penalty. "You see the investors didn't want you to pay off your mortgage." People are being punished for doing the right thing.~
Oh, now the emergency energy assistance for the poor, I'll stop here.
I mean, "All dat fine print & all those pages of legalese."
Direct quote
“It’s imperative that we have an economy that works for everyone, that we take care of people who get up ever day and do the very best they can.â€
Sounds like fluff. Scary but with no teeth.
How come Condi isn't running? She will beat Clinton and Obama combined.
It scares the hell out of me for a number of reasons. Yes, even though it is fluff it is a window to how her mind works.
The idea of her determining who is doing enough and who isn't is Khmer Rouge, and Stalinist thinking.
How can you have an economy that works for everyone, yet you are going to determine who is more deserving than another?
Also it is the typical, people that have more than other people must not be as deserving as someone 'who tries."
In my world I am a big believer in E for effort but the idea of this C@unt sitting on her high horse deciding who is basically good, and who is bad makes me want to throw a bowling ball into the middle of my nice 42" plasma when I see her on it. Thank God C-Span isn't broadcasting this in HD.
Oh God, now the white trash boomer song "Takin care of business." Someone shoot me.
My pickup truck here in Idaho has a "Condi '08" sticker on the bumper. You would be amazed how often people comment favorably on that around here.
How about a Condi Rice/Joe Liberman ticket for national reconcilliation? Let's stop fighting each other and go fight the you-know-who.
Malcom,
Mercy no! (That might scratch your trophy bowling ball!)
The youtube link above is hysterical ( I think ). Anytime some one has fun at Hillary's expense I... think it's hysterical.
She was named after Sir Edmund right?
I was almost hoping for the humor today of a headline reading "Hillary is Dead".
The idea of her determining who is doing enough and who isn’t is Khmer Rouge, and Stalinist thinking.
Stalinist fluff though. Very naive, or idiotic, or both.
My pickup truck here in Idaho has a “Condi ‘08″ sticker on the bumper. You would be amazed how often people comment favorably on that around here.
Better yet, she can neutralize any anti-sexist/anti-racist strategy from the other side.
Perhaps she will run for vice-prez?
Ha ha, you guys are too much. DinOR, I'd be more upset seeing all those pieces of my 3 month old TV all over the floor, but I appreciate your concern. LO really F-ing L.
Can you imagine the terror induced in the Democrat party if the GOP ran a ticket consisting of a black woman and a jew? Especially when both were way over-qualified to be president?
Let the fun begin, boys and girls. We're off to the races to see which cynical, boomer politician can promise more of the country's treasure to swing voters the fastest.
We need another Teddy Roosevelt and fast. Unfortunately, we'll probably have to wait until every last boomer is dead, buried, exhumed, decapitated, burned, and then reburied with a wooden stake through their heart in holy ground.
Short of that we're all stuck in a never ending zombie movie. And not the modern, exciting kind. The old school, zombies-move-slow-but-never-stop-coming-for-you, in black and white kind.
@HelloKitty:
PATRICK: I recommend you consider the news links on main page each have its own comments link/thread for that story. Just what Drudge.com and others do. There IS enough traffic now to support this. take the site to next level.
OK, I'll try to do that using Wordpress. Last time I tried it was with phpbb, which is very hard to understand and modify.
I'm always short of time lately because I've been working again. Working is kind of a bad habit, but I like the extra money. My current contract job will end pretty soon. Then I plan to try out lots of new ideas.
Patrick
That's how I feel too. Have you ever been on a really bad amusement park ride, and you're thinking, OK I'd like to get off of it now, and it just keeps going? I have to just laugh I don't think I can take this much longer.
Please understand, 3 years ago I used to joke (yes at the time it was a joke) that these people were so screwed up that we would one day be bailing out irresponsible homeowners.
GLDs tonnage was up almost 2% for the week. Looks like they didn't have to sell anything from the vaults to pay Malcolm (I kid, next week could see profit taking... or not).
Trying to muster up the courage to short Wells Fargo before earnings. My stops kicked in at 31+ before Xmas so I missed the big downdraft. With $84 billion of seconds, what could go wrong? NIA...
From DinOr's Youtube video
AR15fan (7 months ago)
"Hillary Clinton: Chairman Meow. "
From the "If you can't beat 'em, sue 'em" file:
Cleveland sues lenders over subprime:
http://money.cnn.com/2008/01/11/real_estate/cleveland_lawsuit/index.htm?postversion=2008011114
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From patrick.net reader M.K.
#housing