School budget time!

From Bloomberg:

Tax-Weary New Jersey Residents May Reject More School Budgets

New Jersey residents may reject a greater percentage of school budgets than last year when they go to the polls today amid dissatisfaction with rising property taxes that are already the nation’s highest.

Schools represent the largest portion of the real-estate tax bill in New Jersey, where the average levy exceeded $7,000 last year from about $4,100 a decade ago. Citizens in more than 90 percent of the state’s 603 districts have the chance to vote on schools’ annual spending plans.

A year ago, 74 percent of school budgets were approved in an election that drew 14 percent of voters. The last time fewer than half of spending plans passed was 1976. The threat of higher taxes may draw more people to the ballot box to vote “no” in a year when residents are already coping with rising unemployment and foreclosures, plunging stock values and a state budget that proposes other tax increases.

“The school districts are aware of the financial conditions out there,” said Frank Belluscio, a spokesman for the New Jersey School Boards Association. “We’re going to have a drop off of approvals from last year, but a majority should pass.”

Most of New Jersey’s school districts must have budgets approved by voters every April. Planned spending this year is largely flat or anticipates a less than 4 percent increase, because educators understand that voters’ personal finances have deteriorated, Belluscio said.

“If there’s going to be a year when we’re going to see a major number of them rejected, I would expect it to be this year,” said Jerry Cantrell, president of the New Jersey Taxpayers Association, an anti-tax group. “New Jersey is a state that has been majorly impacted by the fiscal downturn.”

This entry was posted in New Jersey Real Estate, Politics, Property Taxes. Bookmark the permalink.

359 Responses to School budget time!

  1. Frank says:

    Just raise taxes. The suckers will pay anyway.

  2. Frank says:

    Thoughts from the National Mortgage Bankers conference now going on in Chicago.

    “Full employment in Mortgage origination?-nearly every originator I spoke with is now looking to add good underwriters, good processors, good salespeople, etc. The key word is “good.” All the originators I spoke with told me that there is some constraint on the availability of good mortgage employees. Every originator wants the right employees so they remain disciplined to good mortgage origination. Believe it or not there is some wage pressure in hiring the best mortgage origination professionals.”

  3. grim says:

    #2 – Doesn’t that same story play out in every industry?

  4. John says:

    Hey if the taxes get to high the NJ folk can just move back to where they came from Staten Island or the Bronx, property taxes are cheap back in their native homeland. Their years of being upidity suburbanites are over.

  5. SG says:

    zieba: If you don’t mind can you post link to that blog.

  6. Victorian says:

    Pelosi Wall Street Probe Modeled on Pecora After Market Crash

    Financial services has been the biggest contributor in every U.S. election cycle in the last 20 years, according to the Center for Responsive Politics, a Washington research group that tracks campaign money. Its individual and political action committee donations in 2007 and 2008 totaled $463.5 million, compared with $163.8 million from the health-care industry and $75.6 million from energy companies.

    “How can you seriously propose a law when you’ve been taking money from ‘The American Poodles for Wall Street’ or whatever fund for the past 10 years,” said Geisst, a professor of finance and economics at Manhattan College in New York and author of “Wall Street: A History.”

    http://www.bloomberg.com/apps/news?pid=20601109&sid=aX8OXwhcJXVU&refer=home

  7. Shore Guy says:

    “Just raise taxes. The suckers will pay anyway”

    They are not able to cut taxes, or Trenton will come and get them.

  8. SG says:

    The marketing done by Teachers to kids for school budget is amazing. My 8 year old daughter was told, if parents don’t vote YES on budget,

    * The classrooms will have 40 kids (double)
    * There will be no after school activities
    * The enrichment programs will be cut
    * Finally, her teacher may be out of job

    For fun, I told her, how about I vote NO, and she vehemently argued why I should vote YES.

  9. Essex says:

    You do it for ‘you’ or ‘your children’.

    What the hell is the difference? *Duh*

  10. John says:

    Wow 5-Year munis hit 1.87%!!! Good thing you all got in last December at 5%

  11. Secondary Market says:

    i unfortunately never experienced the benefits of a passed budget in my school district growing up. half our population were senior citizens that came out to vote NO in droves. we always had 10+ year old uniforms, beat up school buses and a revolving door of talented teachers. it was so obvious that the students called Manchester Twp. the minor leagues for Monmouth County Schools since all of the teachers would eventually go there.

  12. #7 – Good God it’s about time. I may not like or agree with Pelosi politically but an investigation is needed.

  13. Jason says:

    When teachers threaten that class sizes will increase or after-school
    programs will be cut if budgets aren’t raised. Why don’t they ever look at cutting superintendent and principal salaries that are well into 6 figures?

  14. yikes says:

    John says:
    April 20, 2009 at 11:30 am

    It is starting to smell like a late day turnaround, no way this market is closing down 200 points.

    miss.

  15. Essex says:

    6 figures in NJ is a ‘living wage’ for well-educated folks. As for class size, lower is always better, but if budgets do not pass do not expect small class sizes. Simple economics. Not sure if I agree with channeling that information through a child however.

  16. House Whine says:

    It’s not so much the 100+ salary of an administrator which I view as the problem, as much as it is the number of such administrators throughout each NJ municipality. Maybe they could do more with less of them?

  17. Traitor nom deplume says:

    [354] gary,

    “His response was, “Well, you should’ve lived within your means and can’t expect a bailout.”’

    Make sure you include that in your letter to your elected “representatives” about your opposition to their bailout.

  18. Traitor nom deplume says:

    3b, last thread

    Make sure you call them and renegotiate a lower rate for a guaranteed period first.

    If we find ourselves on the brink, I plan to dust off those cards then, and later discharge all that debt in bankruptcy. With some proper planning, we can be legally insolvent yet still live quite well.

  19. BC Bob says:

    “Nearly 3,500 Connecticut businesses closed between January and March — the highest number recorded in the first quarter of a year since the state began keeping records in 2000, Secretary of the State Susan Bysiewicz said Monday.”

    “Bysiewicz said the state must get federal stimulus money “into the hands of Connecticut entrepreneurs as quickly, efficiently, and transparently as possible” and make critical investments in health care and transportation.”

    http://www.courant.com/business/hc-connecticut-business-closing.artapr21,0,5093916.story

  20. Stu says:

    I am one of those fools who attends the town council meetings and watched the BOE on the local access channel. Montclair is in the minority in that there are no school board or budget elections. The mayor oversees the board of school estimate and appoints new BOE members I think two per term.

    Well, every year at budget time, the BOSE comes in with a new proposed increase, usually around 7%. Then the mayor and town council says too much and the BOE somehow cuts 2 to 3% out of their dream budget. The increase in the school budget is only 4% this year which works out to a mere $400 per household.

    Watching the BOE meetings and the few residents who do speak against the increases, it works something like this.

    Taxpayer: Our yearly tax increases are unsustainable yet you continue to ignore the issue. When will this end?

    BOE: Do you want your property values to drop as well as your taxes increase. (I sh*t you not. I actually heard this stated.) Good schools require the best teachers and administrators who deserve fair raises for the important work they perform. Plus, most raises are contractually guaranteed.

    Taxpayer: Like yours Mr. Superintendent?

    BOE: Mine is not nor are any of the administrators. (But we deserve them anyway and will take them)

  21. Ben says:

    There are signs all over my town saying “Vote Yes, for the kids”. Seriously, are parents in NJ that naive to think that their kids actually are the beneficiaries of big school budgets?

  22. Victorian says:

    Tosh (14) –

    It is funny that we were talking about the exact same thing over here a couple of weeks ago. Hope this comes to pass. The first positive thing to come out of this administration.

  23. 3b says:

    #20 nom: Sounds like a plan.

  24. Jason says:

    Let’s use Montclair as an example…
    The board of education recently signed off on a 113 million dollar school budget. There are approximately 6500 students from K-12. Divide 6500 by 113 million and you have $17,400 in costs per student. Now if there are 20 students per class and you multiply that by $17,400, the cost per classroom is about $350,000 per class!! Do I hear waste??

  25. 3b says:

    #23 ben: That is what they tell themselves, but they really know it is for them.

    Vote Yes so I can keep my property value high, because everyone knows higher taxes equals better schools. Than when my last kid is out of HS, I can sell my house for big bucks, to one of those children I care so much about.

    High property taxes it is my gift to the children.

  26. Stu says:

    “Do I hear waste??”

    Perhaps we shouldn’t be spending $500,000 on the single ‘classroom of tomorrow.’

    Or maybe Alvarez (our super) and three others didn’t need to travel to China to start up our 3rd grade (I think) Mandarin class.

    No waste here…it’s for the children.

  27. Victorian says:

    Geithner Says Most U.S. Banks Have Enough Capital

    Will these words come back to haunt him? Didnt Hank Paulson say that the economy is fundamentally sound?

  28. Or maybe Alvarez (our super) and three others didn’t need to travel to China to start up our 3rd grade (I think) Mandarin class.

    You can’t be serious.

  29. #24 – Victorian – Hope this comes to pass.

    So do I. I’m not going to count on it though.

  30. Essex says:

    32. You’ll be the first to decry the fact that American kids are not competitive with the Chinese (other other countries) and yet you feel that learning the language is a waste?

  31. kettle1 says:

    Chifi

    I just got some linkedin page, i dont see what you were asking about?.?.

    chicagofinance says:
    April 21, 2009 at 9:25 am

    Still, L, Ket and others….I think my wife is going to check this out because it is in our back pocket….opinions? interest?

  32. 3b says:

    #33 essex: I don’ believe that is what Stu said.

  33. Ben says:

    We have to take baby steps. If we want our children to learn Chinese, we must first teach them English. You would be amazed at how bad these kids butcher the English language on their work at the University level.

  34. Stu says:

    Essex,

    You are a complete waste of time as is sending your BOE superintendent to China.

    One can start a Mandarin language program without an all expense paid trip to China.

    Dolt!

  35. #33 – The problem isn’t teaching Cantonese/Mandarin/et al. Most people would support that.
    The problem is sending a school admin, at tax payer expense, on a fact finding trip to China re: language when it’s not necessary. You’re just paying for his vacation.
    That is if the school system paid for the trip to China, not completely clear in the article.

  36. Sean says:

    You will need know Mandarin when your new boss is yelling at you.

  37. Stu says:

    “That is if the school system paid for the trip to China, not completely clear in the article.”

    They did. I know it for a fact as I asked a member of the BOSE.

  38. #40 – Stu – It’s implied as such in the article. You people do know you’re being fleeced, right?

  39. Stu says:

    Of course. It’s a liberal town. We are simply behaving like our liberal congressmen (that includes Pelosi).

  40. chicagofinance says:

    kettle1 says:
    April 21, 2009 at 11:13 am
    Chifi I just got some linkedin page, i dont see what you were asking about?.?. chicagofinance says: April 21, 2009 at 9:25 am
    Still, L, Ket and others….I think my wife is going to check this out because it is in our back pocket….opinions? interest?

    ket: Louise Kuo Habakus is the speaker…from what I recall, this was her most recent big splash….
    http://www.nj.com/news/index.ssf/2008/09/barack_obama_due_in_nj_for_fun.html

  41. BC Bob says:

    “April 21 (Bloomberg) — Caterpillar Inc., the bulldozer manufacturer President Barack Obama used to help push his $787 billion stimulus plan, called the program disappointing and less effective than measures approved by China.”

    “The infrastructure portion of the stimulus package was disappointing in that it was less aggressive than other countries and missed an opportunity to correct past underinvestment in U.S. infrastructure,” Caterpillar said in economic commentary with today’s first-quarter earnings report.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aD4bm4NYfxMs&refer=home

  42. chicagofinance says:

    I know still, lisoosh and you have much better detailed knowledge. I want to separate objective information from rhetoric….

  43. Clotpoll says:

    Ben (36)-

    Hear, hear. And what the hell ever happened to Latin? You can become a whiz in any language on the planet with 1-2 years of Latin under your belt.

    Of course, widespread study of Latin is counter to the “sheepleize America” policy of TPTB.

  44. chicagofinance says:

    finally found the info…

    4/23 Vaccination Information Seminar by Louise Kuo Habakus Lincroft, NJ at the Unitarian Universalist Congregation of Monmouth County, 1475 West Front Street, 7-10pm, arrive early for gluten-free and other refreshments and best seats, registration encouraged

    4/26 Vaccination Information Seminar by Louise Kuo Habakus Hoboken, NJ at Nine Bar, Restaurant & Lounge, 333 Washington Street, 4-7pm, registration encouraged

  45. Clotpoll says:

    Again, I ask, is our children learning?

  46. Clotpoll says:

    stu (42)-

    If I lived where you do, I’d be blowing shit up.

  47. chicagofinance says:

    Honestly, I hear everything second hand from my wife, and I don’t have the time to vet her sources. We have to go down this road again with a fetus soon to greet us.

  48. chicagofinance says:

    Clotpoll says:
    April 21, 2009 at 11:39 am
    Again, I ask, is our children learning?

    clot: the language lesson that resonates with me was from an episode of the Sopranos from years ago. Tony was talking to Dr. Melfi about some unwritten Mob code that one made-man could sleep with a woman who had slept with another made-man. I think the idea is that Joe Pantoliano’s character had only even had anal with the said-woman. Tony asked about “peni$ory contact with her val-VOE”….

  49. Clotpoll says:

    chi (48)-

    Where can I get vaccinated against the miniature wolverines gnawing on my brain?

  50. chicagofinance says:

    could = could not

  51. Clotpoll says:

    Part of learning Latin is also learning what happens to degenerate social structures.

    Not good. Not good at all.

  52. Victorian says:

    Why do headline writers feel the need to explain every random fluctuation in the market?

    “Stocks in U.S. Advance After Geithner Says Most Banks Have Adequate Funds ”

    Seriously???

  53. bi says:

    i noticed that regulars on this board got more angry recently. last night i finally identified 3 cuplits:

    1) ultrashorts. most folks predicted market meltdown 2 years ago but still have huge paper losses. we should ask SEC ban these ETFs immediately;

    2) immigrants from NY, india, mexico and other parts of the world. they are buying NJ properties so that we are still waiting for our 30% to 50% decline. solution: pass a law on home buyers eligibility test: you need to be born in NJ, live in NJ and work in NJ to buy NJ real estate;

    3) wall street. finally, we need to limit cross-river investments. solution: ask Bloomberg rename wall street to fall street.

    Problem solved!

  54. A.West says:

    That super should have gone on a fact finding mission to figure out how the Chinese are able to teach a class of 30 kids for about $200 a kid each year. I’d like to see an exchange program with China where the state of NJ trades 75% of its school administrators for $4000/yr mandarin teachers who can also work in the cafeterias and cleanup after school as janitors. That would be school innovation.

    By the way, we send our daughter to Chinese school in Edison. Costs about $300 per year for 2hrs each Sunday. But a parent needs to speak and read Mandarin to actually tell the kids how to study. Since my wife does, it beats the heck out of the $15,000/yr “Bilingual Buds” program in Snooty Summit NJ.

  55. BC Bob says:

    “most folks predicted market meltdown 2 years ago but still have huge paper losses.”

    bi,

    Go back and recharge your blackbox. If you were short, 2 years ago, you’re in the chips. C was $50, 2 years ago.

  56. Clotpoll says:

    BC (59)-

    At least Re101 is tongue-in-cheek. This guy is just a garden-variety idiot.

  57. nj ecapee says:

    EXCLUSIVE: Senator’s husband cashes in on crisis

    http://washingtontimes.com/news/2009/apr/21/senate-husbands-firm-cashes-in-on-crisis/

    What a surprise

  58. BC Bob says:

    “This guy is just a garden-variety idiot.”

    Clot,

    He used to be entertaining. Now, just a total buffoon. I hope he’s clicking on the tip jar. There is nobody else that would allow his constant garbage.

  59. 3b says:

    #57 bi: Sorry, but you are a complete and utter moron.

  60. John says:

    tax free, amt bond of the day!

    NEW JERSEY HEALTH CARE FACS FING AUTH 04.75000% 07/01/2028 REV REF BDS SAINT BARNABAS HLTH CARE SYS
    Price (Ask) 71.453
    Yield to Worst (Ask) 7.600%
    Yield to Maturity 7.600082%
    64579FPJ6

  61. bi says:

    59#, by the principle of markov process, the more ancient events have less implact on future outcome. Thus, the fact of C down from $50 2 years ago to $1 (-98%) on march 9th is less relevant compared to the fact from $1 to $3.20 (+220%) from march 9th to today.

  62. John says:

    The trouble with Chinese is there are so many Wings and Wongs in China it is easy to Wing the Wong phone number.

  63. Stu says:

    implact?

  64. bi says:

    67#, that’s a chinese. that’s why you need to vote Y to send your super to china.

  65. BC Bob says:

    “59#, by the principle of markov process, the more ancient events have less implact on future outcome.”

    bi,

    Is Markov Jesse Livermore? Less implact? Well, what’s your point then, below?

    “most folks predicted market meltdown 2 years ago but still have huge paper losses.”

  66. John says:

    WASHINGTON (Reuters) – Treasury secretary Timothy Geithner on Tuesday said difficulty in setting a value on banks’ toxic assets was a continuing hindrance to their ability to lend and borrow.

    In prepared testimony for delivery to the Congressional Oversight Panel that monitors Treasury’s efforts to bail out troubled banks, Geithner said toxic assets were “congesting” the U.S. financial system and making it hard to get credit flowing normally again.

    “Uncertainty about the value of legacy assets is constraining the ability of financial institutions to raise private capital,” he said, adding that he hoped a public-private investment program will improve the ability to put a price on troubled mortgage and other assets.

  67. bi says:

    69#, my point is very simple. these long-like short ETFs are evils. they are deceptive and are going to destroy njrereport community since evev some of the smartest guys are cheated by this pure evil.

  68. kettle1 says:

    CHIFI,

    will take a look and get back to you.

  69. BC Bob says:

    bi [71],

    Worry about your own book, it’s been getting pulverized, over the last 2 years. How does this implact you?

  70. jcer says:

    bi, the big problem with bankers, hedge fund people, etc is they get these Markov models but do not realize how dumb of an idea it is to use statistical methods to chain what could be considered uncorrelated events. Markov models are useful in many places, financial markets I feel are an area yet to be proven.

  71. Nicholas says:

    No Mr. Geitner, it is not uncertainty over legacy assets that is constraining the ability for financial institutions to raise private capital.

    The real reason is that we are certain that these legacy assets are garbage.

  72. safeashouses says:

    #32 stu

    At least they hired a teacher with a Taiwanese accent. I think a strong Beijing accent is harder to understand.

    I don’t have a problem with a school teaching Mandarin. Why a school superintendent needs to go to China to find out Chinese kids are studying English is a waste of money. He could google that info for free.

  73. NJGator says:

    Stu 28 – It is not third grade Mandarin. Mandarin is only taught at Nishuane which is a K-2 school. Get your facts straight!

  74. kettle1 says:

    CHIFI,

    kick me an e-mail at 1elttek st gmail in regards to the vaccine/seminar stuff when you have a moment. no rhetoric, just info

  75. Stu says:

    Sorry Gator,

    I’m sure this honest mistake has made a huge implact to your opinion of the matter.

  76. Clotpoll says:

    bi (65)-

    Try telling that to my cousin who works at C and is averaged-in at about $32.

    Are you really this stupid?

  77. Clotpoll says:

    jcer (74)-

    Markov, bastard relative of Fibonacci.

  78. John says:

    Your cousin should be tarred and feathered he is a common thief. Where can I go to pelt him with eggs?

    Clotpoll says:
    April 21, 2009 at 12:38 pm
    bi (65)-

    Try telling that to my cousin who works at C and is averaged-in at about $32.

    Are you really this stupid?

  79. Clotpoll says:

    I’m almost tempted to tell you. He benches 320, and I imagine he could dispense with you in about four seconds.

  80. NJGator says:

    No….my outrage is just simply not limited to the schools. I am still wondering if our town attorney even graduated from an ABA approved law school (or maybe he just failed contract law). We have a town manager who has a contractual guarantee that he will always be the most highly paid town employee. Way to incentivize him to negotiate hard on the Police Chief or the Fire Chief’s contracts knowing that whatever he gives to them will net him at least that much plus $1. He also used to get a $1,400/month housing subsidy because he and his wife could not afford to live in Montclair on two six figure public salaries. There was enough outrage about that, that they renegotiated his contract to remove the housing subsidy – but he of course got a raise. He and his wife were able to own a shore home, while unable to afford our fair town. There was no requirement for him to maintain Montclair residency in order to be eligible for employment. His contract also requires the town to reimburse him if he sells his Montclair home for less than what he paid for it. Who on earth could have thought this contract was a fair deal for the taxpayer?

    Or there is also our former town CFO. She held a full-time position in MOntclair, but for the last 3 years of her employment, was allowed to simultaneously hold a part-time CFO position for another town in order to jack up her pension payments.

  81. Clotpoll says:

    Another in a series of Clotpoll’s Little Signs of the Apocalypse:

    CHICAGO (AP) – Indicted former Illinois Gov. Rod Blagojevich is back in federal court.

    Tuesday’s hearing in Chicago comes one week after the ousted former governor said he wants permission to go to Costa Rica to take part in a reality TV show set in the jungle.

    A more pressing matter is how much of his campaign fund U.S. District Judge James B. Zagel will let him use to pay his lawyers.

    Blagojevich was mobbed by the media when he arrived at the federal courthouse in downtown Chicago.

  82. John says:

    Does he need to be able to lift 320 in order to carry all the bags of cash from the Fed over to the big black hole called Citi?

    Clotpoll says:
    April 21, 2009 at 12:46 pm
    I’m almost tempted to tell you. He benches 320, and I imagine he could dispense with you in about four seconds.

  83. John says:

    Actually, I can’t mess with your cousin, “my guns” are listed as lethal weapons in NYC and one punch from me is a deadly force, I once punched Mike Tyson when he was younger and the fool talked with a squeeky voice ever since, once Mr. T said I pithy all the fools except John cause he kick my butt if I made fun of him. In fact I once met Chuck Norris but when he got a looking a my buldging forearms and “guns” he hid like a little baby and stopped martial arts and became a fake texas ranger on Walker. I have to be carefull that I don’t hurt anyone so I keep “my guns” locked up.

  84. gary says:

    Clotpoll [85],

    This not a sign of an Apocalypse, this is just how American culture operates these days. It’s the latest model for success. I’m trying to figure out how to f*ck up in the most sensless manner possible in order to strike a book/TV deal.

  85. Ben says:

    Clotpoll,

    I took 3 years of Latin. As a result, I was able to decipher nearly every word on the SAT English section. Meanwhile, we are funneling all our kids into taking Spanish or French. Honestly, the only benefit to learning Spanish in this country was to increase your business with the illegal immigrants in this country. But you don’t need a friggin school mandate for people to learn the language. The Chinese woman at the Take out joint in New Brunswick speaks English and Spanish. So does the Korean guy who owns the farmers market in New Brunswick. They didn’t learn this garbage at school. They learned it at the register.

  86. Clotpoll says:

    gary (88)-

    I think bi can help you with that.

    “I’m trying to figure out how to f*ck up in the most sensless manner possible in order to strike a book/TV deal.”

  87. Clotpoll says:

    John has now appropriated the Chuck Norris joke format for himself.

    Perhaps this is the real sign of impending apocalypse…

  88. PGC says:

    #88 gary

    Lie about it. It worked for James Frey.

    simple answers to simple questions.

  89. Clotpoll says:

    Gary (91)-

    Is the haze in those photos from cigarette smoke?

  90. John says:

    So if everyone one else in foreign countries speak English exactly why do I need to learn their languages?

    Actually, when I have worked with people who know multiple languages they really don’t know any language too well. The Japanese for instance pretty much say the following

    Mornings…Ohayo
    Afternoons…Konnichiwa
    Evenings…Konbanwa

    Well the Japanese I worked with knew Good Morning, Good Afteroon and Good Evening along with hello and goodby in English. One guy told us he hates that people in New York have so many different words, he got Hi, Howdy, What Up, Hows it hanging, See ya Later, etc.

  91. Frank says:

    Who says CA RE market is down??

    Asking price: $1.395M

    http://www.cyberhomes.com/homes-tiburon-ca-94920/1801marwestst/86047570.aspx

  92. PGC says:

    #89 Ben

    “I took 3 years of Latin.”

    I took 3 years of beatings as I couldn’t decline verbs properly. After that I switched to “Computer Science”. In my school, Comp Sci was for the dumb people who failed Latin.

    Worked out OK for me.

  93. Clotpoll says:

    John (95)-

    Maybe you should expand your sample group to include more than body shampoo girls.

    “Actually, when I have worked with people who know multiple languages they really don’t know any language too well.”

  94. cobbler says:

    The problem with failing the school budget (and asuming the cuts will actually be made) is that the cuts will be exactly opposite of what the common sense and desire to provide good education dictate. A sane person would start with the district offices, then move to the team sports (at least partially switch to the volunteer coaching), then move to the facilities (do we really need a 3rd gym, or a deluxe quality lighting system at the sports field?). An actual BOE will start with G&T programs, then start laying off teachers based on tenure (as per union agreement) – that is, getting the worst possible outcome since the younger teachers are generally more enthusiastic and always lower paid.

  95. chicagofinance says:

    Stu says:
    April 21, 2009 at 12:14 pm
    implact?

    Are you Jew-baiting again?

  96. 3b says:

    #91 gary: This is a better fit for you. And of course we are talking about Bergen Co, blue ribbon, and train town.

    http://www.njmls.com/cf/details.cfm?mls_number=2852443&id=999999

  97. PGC says:

    Mrs PGC has expressed her wants. She has requested this for Mothers Day. My initial reaction was “No F$%^ing Way”

    What do you think this will do to property values and how do I tell the neighbors?

    http://www.omlet.us/products_services/products_services.php?view=Chickens

  98. gary says:

    Clotpoll [94],

    The haze is due to the dankness caused by the piss-soaked rugs.

  99. gary says:

    3b,

    That one has multiple offers over asking within eight minutes of being listed… so I heard! ;)

  100. RayC says:

    3B –

    better than the house is the fact the there is a banner proclaiming “WINNER OUTSTANDING WEBSITE!”. Great House! Outstanding Website! Somebody, anybody, write a check!!!

  101. Ben says:

    “Mrs PGC has expressed her wants. She has requested this for Mothers Day. My initial reaction was “No F$%^ing Way”

    What do you think this will do to property values and how do I tell the neighbors? ”

    I think if you get enough of them, you might be able to avoid property taxes. Seriously, have you ever had Taylor Ham, Egg and Cheese with a freshly laid egg? It’s like heaven.

  102. Clotpoll says:

    I grew up on a farm. Chickens are disgusting and carry all kinds of diseases.

    They also make a boatload of noise.

  103. 3b says:

    #105/106: Really guys come on!! Bergen Co., blue ribbon, train town!!!

    What you two do not want to make memories that will last a lifetime? Think of your children, and how impressed your family will be when they hear one of you stole that gem for a mere 650K!!!!

    Hurty, hurry!!!

  104. Clotpoll says:

    This is nothing. The fascist chants in Italy & Spain make the racist stuff seem tame:

    (ESPN, 4-21-09)- Juventus will have to play their next home Serie A game behind closed doors after fans racially abused Inter Milan striker Mario Balotelli in Saturday’s 1-1 draw.

    The 18-year-old scored Inter’s opener in the top-of-the-table clash and was subjected to chants of “a black Italian does not exist” from sections of the Juve crowd in Turin.

    Balotelli, an Italy under-21 international, was born in Palermo but is of Ghanaian descent.

    “The sporting judge…considered that in the course of the game and on multiple occasions, fans of the home team, in various sections of the stadium, sang songs which included racial discrimination,” a league statement said.

    “Juventus are therefore obliged to play one game behind closed doors.”

    Juve, who host Lazio in an Italian Cup semi-final second leg on Wednesday, said in a statement they would appeal the decision to ban fans from the home game with Lecce on May 3.

    Racist abuse is not uncommon in Italian soccer and small fines are usually handed out. However, the seriousness of Saturday’s incidents have prompted the authorities to come down heavily on Juve.

    The league normally decides on disciplinary action on the Tuesday following weekend games but brought the announcement forward this time.

    The statement, in conjunction with the Italian soccer federation, added that the abuse was deplorable and could not be excused as sporting passion.

    Italy, home of the world champions, is also battling a hooligan problem and missed out on hosting Euro 2012 partly because of soccer violence.

    The Champions League final on May 27 will be held in Rome despite a series of minor stabbings around the Stadio Olimpico there in recent years.

    A bid for Euro 2016 was recently launched and federation president Giancarlo Abete does not believe Saturday’s racist chanting will affect Italy’s chances.

    “I express firm condemnation of the episode involving Balotelli. Italian football, however, is not the pits of the world,” he told reporters.

    Juve president Giovanni Cobolli Gigli apologised on Sunday and said Serie A had to end the culture of racism among fans.

    Inter Milan president Massimo Moratti said earlier he would have pulled his team off the field if he had been present at Turin’s Stadio Olimpico.

  105. RayC says:

    Clotpoll,

    Complaining about the noise on a farm? You are in danger of being called, probably for the first time ever, cranky.

  106. bi says:

    63#, i expected an ex-goldman would add more value to the board than just this each time.

    > 3b says:
    April 21, 2009 at 12:08 pm
    #57 bi: Sorry, but you are a complete and utter moron.

  107. RayC says:

    and this is coming from someone who always complains about “those damn kids playing basketball in the street at midnight”. I’d prefer if they were doing what they are supposed to be doing at midnight. Drinking behind the High School where I can’t hear them!

    signed,
    crankier than thou in NJ

  108. John says:

    Me love you long time too. Actually, smart people don’t know slang, I got my peeps and they give me props!! That stuff they don’t get, plus I was don’t a project one at an asian company but my staff were a few spanish people mixed in so of course I know a little spanglish and I mix slang from both spanish and english. The two asian guys were getting mad. Stop speaking two languages at once it is confusing, I also know a little yiddish as I am a bit of a yenta but oh vey he would of had a kinishibitz.

    Clotpoll says:
    April 21, 2009 at 1:15 pm
    John (95)-

    Maybe you should expand your sample group to include more than body shampoo girls.

    “Actually, when I have worked with people who know multiple languages they really don’t know any language too well.”

  109. bi says:

    everyone here except john also calls geithner moron. but he moved dow at least 1% so far this morning and pushed S*S under $30 again. what a moron!

  110. zieba says:

    I humbly re-submit the 925K atrocity from down under. My dud is NOT blue ribbon and NOT bergen county AND the original list price was $999K… sorry boys, it reigns supreme.

    Title should just read “on the hunt for stupid, apply with realtor”

    http://newjersey.craigslist.org/reb/1131103841.html

  111. 3b says:

    OK gary, since we all know you are very demanding, and a little snobby, perhaps the listing below is an even better fit, and we are talking 2 trains in this town!!!

    And Fifi the realtor is waiting for your call, so hurry, hurry!!

    http://www.njmls.com/cf/details.cfm?mls_number=2910590&id=999999

  112. John says:

    ex-goldman Ha Ha, my friend got laid of from GS and on an interview she got asked if GS only keeps the best and the brightest why should I hire you if they let you go? Talk about a shot in the ribs. You guys want gossip not knowlege, when I said Citi was not getting nationlized or going bankrupt you laughed at me. Yet I am a former employee, external auditor and regulator of Citi. The more interesting thig is to listen to the rants of that NYU profesor who never worked a day in his life saying citi is going under. Ha Ha. As if!

  113. 3b says:

    #116 zieba: That is a bargain, looks like a double decker, where you get 2, 2 houses for the price of one!!

  114. ruggles says:

    “Chickens are disgusting and carry all kinds of diseases.

    They also make a boatload of noise.”

    Chickens or Jersey Girls?

  115. 3b says:

    I wonder if the architect was on crack when he or she designed this umm, gem?
    http://www.njmls.com/cf/details.cfm?mls_number=2906231&id=999999

  116. cobbler says:

    (from DJ NewsPlus)

    Remain Cautious Even If Home-Sales News Is Good

    These are the personal views of Peter Morici, a professor at the University of Maryland’s Robert H. Smith School of Business and former chief economist at the U.S. International Trade Commission:

    It seems an article of faith that the first signs of recovery will emerge in the housing market. March data for existing- and new-home sales, due out Thursday and Friday, will be trumpeted crocuses of spring if those beat expectations.

    Banks report new mortgages are up. If those are more than homeowners refinancing at lower rates, then existing-home sales should dart up from the tepid annual pace of 4.72 million recorded in February. The consensus forecast is 4.65 million, and my electronic Ouija board spits out 4.74 million. Something above 5 million would be cause for jubilation.

    Buyer traffic on new home lots was weak in March but economists, including this one, are forecasting sales steady at about 340,000. Something above 360,000 would instigate new optimism.

    Even with upside surprises, remain cautious.

    Supplies of unsold new homes exceed a full year’s supply, housing starts continue to languish, and a burst of new construction is months away.

    During the bubble, easy credit made homes and autos artificially inexpensive, and Americans are overstocked on bedrooms and wheels. It will take some time for population growth to create demand for significantly more dwellings and vehicles.

    Habits are radically changing. Americans are dining at home more, spending less on entertainment, and setting limits when they visit supermarkets and malls.

    Horror of horrors, those who still have jobs are putting more into retirement and savings accounts.

    If Americans are no longer recklessly spending more than they earn, then the Obama administration will have to find other ways to fire up demand for U.S.-made goods and services.

    During the bubble, the trade deficit rocketed to more than $700 billion, or 5.1% of GDP. That was almost all imports from China that exceeded exports by nearly 5 to 1, as well as oil to fuel autos.

    To achieve sustainable growth, Americans need to drive more fuel-efficient vehicles and buy less from, or sell more to, China.

    President Barack Obama’s programs to create green jobs will use domestic coal and gas more efficiently to generate electricity and manufacture products, but those won’t solve the auto miles-per-gallon problem any time soon.

    We have technologies to produce much more fuel-efficient vehicles. However, with autos lasting more than 15 years, quickly changing the fleet requires incentives like a clunker subsidy to put recent-vintage, low-MPG vehicles into the crusher.

    Similarly, no sensible person wants blind protectionism, but Obama, like George W. Bush, is reluctant to challenge China’s economic development strategy of undervaluing its currency, subsidizing exports and blocking imports of competitive U.S. products. Now, China is exporting the worst effects of the recession, and maintaining 6% growth, by upping its export incentives.

    It’s high time for a recalibration of trade policy to ensure trans-Pacific commerce is based on comparative advantage, not Chinese foreign policy ambitions.

    Those harm the U.S. economy and make it more difficult for U.S. diplomats to offer democracy and markets to a world increasingly skeptical of American values.

    The author can be reached at pmorici@rhsmith.umd.edu

  117. Seneca says:

    re: #101 [3b]

    The Realtor “Hui Remington” is sort of the opposite of chifi’s referenced “Donna Chang”. Yes?

    Also, Hui really knows how to market a property. At least she doesn’t abuse capital letters… or punctuation for that matter.

  118. Chris Baumle says:

    From 1995, yet relevant to today’s discussion, I think:

    February 22, 1995
    In America; Whitman Steals the Future
    By BOB HERBERT

    Over the past 25 years the State of New Jersey has struggled, under a succession of Democratic and Republican governors, to reverse a social and economic decline that, by the 1960’s, had hit many Northeastern industrial areas.

    Difficult budget decisions were made, often at significant political cost. But the benefits for New Jersey residents were many. A vastly improved higher education system was developed and state aid to local public schools surged. The environment was cleaned up. Mass transit was improved. The state’s budget was balanced without gimmicks and its credit rating was triple-A.

    There is a strong link between those developments and the fact that New Jersey residents today are among the best educated in the country, and rank near the top in per-capita income.

    Now many of the gains made over a quarter of a century are in danger of slipping away because the current Governor, Christine Todd Whitman, has chosen to finance her political ambitions with a popular buy-now, pay-later economic policy that will place a financial stranglehold on future generations of New Jerseyans.

    This is best illustrated by Mrs. Whitman’s decision to withhold billions of dollars that should be going into the public employee pension funds over the next few years, and using the bulk of that money to balance the state budget. Then, with an audacity that dazzles her supporters and even draws grudging admiration from opponents, Mrs. Whitman smiles and characterizes the withheld funds as savings.

    Of course, they are not “savings” — not in any sense of the word. The pension obligations at some point will come due and future generations will have to meet them.

    Not only will the money have to be made up, but future taxpayers will be deprived of the income that the money — if properly invested now — would be expected to generate.

    Mrs. Whitman’s pension maneuvers have not gotten a lot of publicity — in part because the eyes of reporters and readers alike tend to glaze over when confronted with complex budget details. The changes that she has made have been drastic. According to the New Jersey Education Association, which has filed suit against the state, the employer contributions to the pension system this year will be as much as 96 percent below the amounts contributed in the early 1990’s.

    By all accounts, the employer contributions have been reduced by nearly $1 billion a year. The Whitman administration insists that this is not a problem. Needless to say, others disagree.

    “There is no question but that this is creating future debt,” said Richard C. Leone, a former New Jersey State Treasurer who is now the president of the Twentieth Century Fund. “This is just another way of getting around the balanced-budget requirement, a kind of deficit spending. It is the sort of thing that comes back to haunt you.”

    Until the changes adopted by Mrs. Whitman, New Jersey had been very conservative in its approach to its pension obligations. For example, the state had started to pre-fund the health care benefits of its retirees, building up reserves against post-retirement liabilities. As one state official said: “That was prudent. Health-care costs are a big problem.”

    Prudent or not, Mrs. Whitman scrapped the pre-funding. She used the reserves that had already built up to help balance her budget. For Christine Todd Whitman, the pension funds have become a budget-balancing machine.

    Mrs. Whitman and the long-term interests of New Jersey appear to be at odds. The Governor won election by promising tax cuts, and any further advances in her career will be powered by her ability to “deliver” on that promise. Like most politicians, her eyes are on the short term: today’s budget, tomorrow’s election. It requires courage to look beyond Election Day to the long-term interests of constituents.

    Young men and women who were children in New Jersey 20 or 25 years ago are benefiting from the vision and courage of the politicians in power then, politicians who were not afraid to lead. They weren’t perfect but they had a sense of responsibility toward the generations growing up behind them. It’s a quality that nowadays is in extremely short supply. And not just in New Jersey.

  119. PGC says:

    #125 3b

    Brick front with siding on the back and sides. My number 1 dislike in housing.

  120. chicagofinance says:

    Is this Jew baiting?

    WSJ
    By CHIP CUMMINS in Dubai and CHARLES FORELLE in Brussels
    Iranian President Mahmoud Ahmadinejad called Israel the “most cruel and repressive racist regime” at a racism conference in Geneva, giving a fresh reminder of the challenges the U.S. faces in its effort to improve relations with Tehran.

  121. Mikeinwaiting says:

    ruggles 121 Good one lmao. Hope none of the Jersey girls here hunt you down & kill you.

  122. 3b says:

    #124 seneca: And she does not waste time or effort in showing pictures of the inside. Seeing the oustside, is all you need, to know that charm simply abounds on the inide.

  123. gary says:

    ruggles [121],

    LMFAO!!

  124. 3b says:

    #115 bi: So now you are comparing yourself to Geithner??

  125. John says:

    RE Crisis is over, MTM valuations by homeowners are now allowed!!!! Who needs appraisals, if you are not selling and holding long term, just name a price and start cashing out equity!!

  126. 3b says:

    #132 gary: Stop laughing and start buying some real estate.

  127. 3b says:

    #134 John: It’s great!!! I am loving it. We are a true beacon to the world!! Run John run!!!

  128. Sean says:

    From the Hearings Today.

    Economists Say It’s Time To Break Up Large Banks

    http://money.cnn.com/news/newsfeeds/articles/djf500/200904211148DOWJONESDJONLINE000434_FORTUNE5.htm

  129. make money says:

    ex-goldman Ha Ha, my friend got laid of from GS and on an interview she got asked if GS only keeps the best and the brightest why should I hire you if they let you go? Talk about a shot in the ribs. You guys want gossip not knowlege, when I said Citi was not getting nationlized or going bankrupt you laughed at me. Yet I am a former employee, external auditor and regulator of Citi. The more interesting thig is to listen to the rants of that NYU profesor who never worked a day in his life saying citi is going under. Ha Ha. As if!

    The same NYU professor said that Lehamn and Merril will be dead soon. Citi is a dead man walking. BS accounting and bailouts can’t keep the price above $5.

    Even you prince sheik can’t get you over $5.

    Vik will get suprised when people won’t mail in their Credit Card pmnts this month cause they have no JOBS.

  130. yikes says:

    #

    #
    BC Bob says:
    April 20, 2009 at 5:08 pm

    Amazing, Bi states, earlier today, that BAC results were outstanding. The market does not seem to agree, down 25% in one day. Are Bi’s batteries only charged on up days?

    isn’t bi the one who said ‘nobody’ spent time pouring over reports like he did?

    he might have meant TPS reports

    http://www.youtube.com/watch?v=gGEb5p9-I6g

  131. Mikeinwaiting says:

    Gary still sitting around too, not much out there 5 monthes for me. Trying like hell but to no avail.

  132. BC Bob says:

    make [138],

    John missed the news release, must have been busy coloring eggs or shooting rabbits. Citi is already nationalized.

  133. skep-tic says:

    so, one of my most bearish friends is now bidding on a house. I have looked at it online and it does appear to be very well priced. This guy is borderline paranoid so if he is bidding then basically anyone can be drawn into the market if sellers will price rationally.

  134. John says:

    Make money, wow he stated the obvious. Lehman was made an example of and Merrill was a sludge pit. The problem was he said numerous banks would be out of business or nationilized. When the dope speaks just buy bonds in whatever company he is blasting. He can separate the fact that stock prices can go down to near zero without the company going under.

  135. The problem was he said numerous banks would be out of business or nationilized

    There have been 25 so far this year, and it’s far from being over.

  136. Traitor nom deplume says:

    OT alert. Let’s get back to wine, huh?

    This from CNBC:

    “Smith says to look for up-and-coming American regions, like Paso Robles, Calif., for great buys. Paso Robles produces cabernet sauvignon, syrah, zinfandel, merlot and pinot noir and are known for their consistency.”

    Nice tip. But readers of NJREReport.com knew this MONTHS AGO.

  137. John says:

    Lots of cash piling up on the side-lines. 95% of people did not lose their jobs. But that 95% cut back on new cars, vacations and spending and have not been investing, just letting the cash pile up, eventually you got to do something we can’t all go only Mr. Krabby at the Krusty Krab likes to roll in it hte rest of of need to spend it to have fun!

    skep-tic says:
    April 21, 2009 at 2:25 pm
    so, one of my most bearish friends is now bidding on a house. I have looked at it online and it does appear to be very well priced. This guy is borderline paranoid so if he is bidding then basically anyone can be drawn into the market if sellers will price rationally.

  138. Traitor nom deplume says:

    [119] John,

    You were a regulator??? Which agency?

  139. #147 But that 95% cut back on new cars, vacations and spending and have not been investing, just letting the cash pile up, eventually you got to do something

    No, they haven’t been letting cash pile up. What they’ve been doing is not acquiring new debt. The two aren’t the same.

  140. Traitor nom deplume says:

    [92] clot,

    John’s tears can cure cancer. Too bad he never cries.

  141. John says:

    Little tiny tiennie banks, no big bank went under this year. Spreads have pretty much collasped and CDS prices are way down. In the thick of things I was buying bank bonds for 14% night and day, now other than citi and one or two stray junk banks it is hard to break 9%. Heck I nailed a 40% bank bond on March 12. Coo Coo.

    Heck stuff outside of banking like Cablevision I got in at 14% it is now trading at 7%. That is a huge collaspe in bond spreads.

    Timmy is a real man who put the hammer down that hammering hank couldn’t even hammer. Mustard seeds are now green shoots that are soon to be redwoods.

    toshiro_mifune says:
    April 21, 2009 at 2:38 pm
    The problem was he said numerous banks would be out of business or nationilized

    There have been 25 so far this year, and it’s far from being over.

  142. John says:

    SRO, can’t name. But I did work at KPMG and I did have the pleasure of going through 3,000 citi subs once, yikes.

    Traitor nom deplume says:
    April 21, 2009 at 2:41 pm
    [119] John,

    You were a regulator??? Which agency?

  143. bi says:

    if you are in BAC and other banks, you really need to be patient for at least 2 years to weather the storm out.

    disclaimer: i was long BAC yesterday morning at 500% margin at BofA securities and got wiped out at close. now i am targeting one of BofA branches for 25% of my original investments due this thursday.

  144. #151 – Little tiny tiennie banks, no big bank went under this year.

    I can’t help but notice your failure in the use of tense in this sentence.

    Mustard seeds are now green shoots that are soon to be redwoods.

    I can’t help but think that’s 25 billion non-performing redwoods.

  145. John says:

    You have to be the fat guy at an all you can eat buffet when stock and bonds are cheap, scoop them up till you want to vomit then vomit and scoop up some more till you want to vomit blood. Mid March I broke my Lent pledge and was like a kid in the candy store buying financial bonds at 50 cents on a dollar on margin no less. All that junk is now at 70 cents on a dollar one month later. When there is blood running in the streets you need to be a vampire and suck it all up. Risk = Reward. In times of perceived no risk, risk is actually higher, people who bought citi at 40 thought it was low risk yet people who bought cit at 1 were called nuts. When I was buying Ford bonds at 15 I was cheerleading and no one was joining, they rather wait to jump in at par, most people are nancy boys.

  146. Sean says:

    John – re: “Mustard seeds are now green shoots that are soon to be redwoods.”

    The green shoots are weeds.

  147. 3b says:

    Little tiny tiennie banks, no big bank went under this year.

    Well they should have, that is the whole point.

    As far as your green shoots, they look a little brown to me.

  148. John says:

    You gotta break a few eggs to make an omlette, Ken is empire building and that is a bloody process. Ken is willing to shoot the hostages to get what he wants that is what makes him great, he even things he is right when he is wrong.

    toshiro_mifune says:
    April 21, 2009 at 2:50 pm
    #151 – Little tiny tiennie banks, no big bank went under this year.

    I can’t help but notice your failure in the use of tense in this sentence.

    Mustard seeds are now green shoots that are soon to be redwoods.

    I can’t help but think that’s 25 billion non-performing redwoods.

  149. make money says:

    he even things he is right when he is wrong.

    John,

    Is that what makes him great. Please provide direction for the memorial BBQ. Make sure there is something kosher on the menu.

  150. John says:

    Traders instinct, cover your eyes and trade with your gut, only a fool thought CIT, F, GMAC, SOV, NCC, C, BAC, HIG were going down, yea we were going to take the common shareholders out back and shoot them but the bondholders are the loansharks, they break knees, they don’t get their knees broken. I still can’t believe that CIT, GMAC and F tried to get me to tender bonds at a discount, I will ride them to bankruptcy before I give up the ship. Get in bed with the Fed when yields are over 20%, the Fed has to walk away from its whole investment to get you nailed. If you are buying in at 40 cents on a dollar with a 20% yield, heck I only need to make it 24 months to get back all my money and then I am free riding with uncle sam. You got to believe, you gotta to be in to win it. God Bless our President.

    3b says:
    April 21, 2009 at 2:53 pm
    Little tiny tiennie banks, no big bank went under this year.

    Well they should have, that is the whole point.

    As far as your green shoots, they look a little brown to me.

  151. John says:

    Well Ben Bernakee will be in my BBQ getting cooked if he tries to raise rates. The recession is over by the way, it was a mild one at best. Just another buying opportunity.

    make money says:
    April 21, 2009 at 2:59 pm
    he even things he is right when he is wrong.

    John,

    Is that what makes him great. Please provide direction for the memorial BBQ. Make sure there is something kosher on the menu.

  152. tbw says:

    I love the placement of this house

    http://www.njmls.com/cf/details.cfm?mls_number=2903780&id=999999

    Dont get hit by a car!!

  153. yikes says:

    a bit dated, and reads like it was in the onion.

    yet funny.

    http://news.bbc.co.uk/2/hi/south_asia/6161691.stm

  154. Roy G Biv says:

    At least come see what YOUR Tax dollars are paying for, THIS Saturday, at Rutgers in New Brunswick. The Annual College Ag/Folk/Open House, mostly on the Douglass Campus. See you there !!

  155. 3b says:

    #161 John: Yeah John, sure, the recession is over with 600K plus added to the unemployment rolls every month, the recession is over.

    Yesterday the market was down, and you were discussing how the recession was not over, real estate was still dropping etc.

    Today the market is up, and the recession is over, yet again,and real estate is saved.

    Sorry to say Dude, but you are becoming very bi like.

  156. John says:

    3b, actually I don’t see the recession. Back in the 70’s we had All in the Family, Good Times and Sanford and Son, all great Recession TV shows, heck I can’t name one single TV show that is currently on about the recession, plus back then we even had a nifty recession sloganm Whip Inflation Now, those cute WIP buttons, we don’t even have a slogan for this recession.

  157. Clotpoll says:

    zieba (116)-

    That looks a lot like Duck’s house.

    Actually, it’s nicer than Duck’s.

  158. Clotpoll says:

    3b (117)-

    Fifi looks like she worked the Happy Hour circuit back in the ’80s.

  159. Herring123 says:

    John,

    What is a kinishibitz? Is that like Kibbitzing Knish?

  160. BC Bob says:

    “heck I can’t name one single TV show that is currently on about the recession”

    Turn on a Yankee game, look at the empty field box seats between 1st and 3rd.

  161. skep-tic says:

    interesting tidbit from milken in today’s WSJ:

    “The current recession started in real estate, just as in 1974. Back then, many real-estate investment trusts lost as much as 90% of their value in less than a year because they were too highly leveraged and too dependent on commercial paper at a time when interest rates were doubling. This time around it was a combination of excessive leverage in real-estate-related financial instruments, a serious lowering of underwriting standards, and ratings that bore little relationship to reality. The experience of both periods highlights two fallacies that seem to recur in 20-year cycles: that any loan to real estate is a good loan, and that property values always rise. Fact: Over the past 120 years, home prices have declined about 40% of the time.”

  162. 3b says:

    #168 clot:Fifi looks like she worked the Happy Hour circuit back in the ’80s.

    I think she still does;part time of course.

  163. Traitor nom deplume says:

    [152] john

    “SRO, can’t name”

    I suspect you are absolutely correct. You can’t name it.

  164. BC Bob says:

    “those cute WIP buttons”

    Close, try WIN buttons.

    Take your present day pick.

    http://www.zazzle.com/recession+buttons

  165. Clotpoll says:

    John (147)-

    Do you offer these same observations on Sponge Bob when you make presentations to the BSDs?

    “…just letting the cash pile up, eventually you got to do something we can’t all go only Mr. Krabby at the Krusty Krab likes to roll in it…”

  166. Clotpoll says:

    Plume (148)-

    Dept of Crush Valor.

  167. still_looking says:

    Chifi,

    Email me as well, regarding the vaccination conundrum.

    My very public opinion of this is that vaccines have saved the lives of many people and there is no credible evidence that vaccines cause autism.

    I can say that since the mandatory vaccinations of kids against Hemophilus influenzae bacterium [HiB] and Pneumococcus, in the past 15 yrs I have seen less and less meningitis, epiglottitis and sepsis in young kids. Granted, it’s anectdotal.

    I’d need time to accumulate the appropriate studies. I already posted here the studies that debunk the “thimerosal/autism” pairing.

    Forgive me for the seemingly ad hominem attack but, reading a bio like this scares me.

    I’d be willing to put my 15 yrs of post grad medical training against her “board-certified health practioner” degree.

    Louise Kuo Habakus is a board-certified health practitioner specializing in integrative nutrition and homotoxicology. Louise was a corporate marketing executive for one of the world’s largest global investment management firms before leaving the corporate world to raise her children.

    Personally, a “corporate marketing executive” title suggests to me that she is well versed in touting what she wants you to know and discreetly avoiding the data that would discredit her.

    I will probably be unpopular for my disdain of the “alternative medical treatment” but I have been and always will be a cold-hearted practitioner of “Evidence Based Medicine”

    Since she had the other degree the AADP – I was curious as to what it was, so I looked up AADP and found this:

    AADP Asian American Donor Program
    AADP American Association of Drugless Practitioners
    AADP Asian American Dance Performances (San Francisco, CA)
    AADP Area Air Defense Plan
    AADP Administrative Automatic Data Processing
    AADP American Academy of Denture Prosthetics
    AADP Amyloid A-Degrading Protease

    I’m not sure which one applies.

    Sorry for the late and grumpy, cranky and snide response. I’m on strings of nights and just got another work day added Friday.

    My short answer?

    Do what you think is right.

    Me?

    I will continue to vaccinate my family and protect them from the diseases that the unvaccinated my find themselves dying from or spreading around.

    Sorry for the shitty attitude. I’m going back to bed now. Feel free to write.

    sl, MD, FACEP, FAAEM. (sorry, the devil made me do it.)

  168. Clotpoll says:

    bi (153)-

    Call me dumb, but is this your way of telling us you’re planning a bank robbery?

    “…now i am targeting one of BofA branches for 25% of my original investments due this thursday.”

  169. still_looking says:

    And thank god for Ag Field Day!

    Saturday, Cook/Douglass campus of Rutgers University All day. Food, plants, crafts, food, petting zoos, food, more crafts, C0ckroach races, food…

    I can’t wait to go!

    Hopefully I will be awake for it.

    sl

  170. John says:

    Usually it is rusty spearm or rotten eggs not the vaccine.

    still_looking says:
    April 21, 2009 at 3:52 pm
    Chifi,

    Email me as well, regarding the vaccination conundrum.

    My very public opinion of this is that vaccines have saved the lives of many people and there is no credible evidence that vaccines cause autism.

  171. Clotpoll says:

    (166)-

    I do. It’s called, “please shoot me between the eyes”.

    “we don’t even have a slogan for this recession.”

  172. BC Bob says:

    “3b, actually I don’t see the recession.”

    John,

    Maybe you should borrow Ken Lewis’s glasses.

  173. bi says:

    s&p up 2%. bear market rally renewed. the money made by selling stocks in bear market rally is dirty, and you can make it clean by paying double tax.

  174. Clotpoll says:

    Ready, set, barf:

    Extended delivery — your client has more time to sell their current home
    Mortgage Protection Plan for job loss coverage
    Historic low mortgage rates
    The best locations, the best home designs, the best value
    The peace of mind that comes with one of the country’s most financially stable home builders!
    MORE Reasons Why You Should Bring Your Clients to Toll Brothers!

    Advanced Commission Program* – Don’t wait for compensation!
    100% Relocation Referral Fee Reimbursement Program* – Get reimbursed!
    Additional Toll Brothers community specific compensation programs for Realtors
    Register at TollRealtor.com and receive advanced notification on REALTOR® promotions, special incentives for your clients, updated Quick Delivery Homes information, appreciation events, model openings, more!

  175. John says:

    Lets think up a good one!!!

    For TV show I like, Honey I shrunk the 401K, All In The Subprime Family, how about Good Times remake where president plays JJ and they are scheming up subprime fixes and bailouts?

    Clotpoll says:
    April 21, 2009 at 3:58 pm
    (166)-

    I do. It’s called, “please shoot me between the eyes”.

    “we don’t even have a slogan for this recession.”

  176. Sean says:

    A TV show is in the works for this recession, this time it is reality based.

    Title: Someone’s gotta go

    Fox has ordered a one-hour unscripted series that turns real-life company layoffs into a reality contest.

    The show’s working title is “Someone’s Gotta Go.” Employees are called to a meeting and informed there will be layoffs, but with a reality show twist: The staff will be allowed to determine who is fired.

    The employees will have access to the company’s internal information — budgets, HR files, salaries, etc. — to help make their decision.

    It’s the anti-“Apprentice”: Instead of contestants vying for a dream job, they’re fighting to keep the lousy one they already have.

  177. John says:

    Good Times.
    Any time you meet a payment.
    Good Times.
    Any time you need a friend.
    Good Times.
    Any time you’re out from under.

    Not getting hastled, not getting hustled.
    Keepin’ your head above water,
    Making a wave when you can.

    Temporary lay offs.
    Good Times.
    Easy credit rip offs.
    Good Times.
    Scratchin’ and surviving.
    Good Times.
    Hangin in a chow line
    Good Times.
    Ain’t we lucky we got ’em
    Good Times.

  178. BC Bob says:

    John,

    No nationalization?

    LONDON (MarketWatch) — Senior officials at the Federal Deposit Insurance Corp. have privately discussed who might replace Vikram Pandit as Citigroup’s chief executive if the bank needed more government aid, the Financial Times reported, citing a person familiar with the matter. The FDIC identified CFO Ned Kelly and ex-CFO Gary Crittenden as possible successors. But any decision on Citi’s leadership will be led by the Treasury, the newspaper added.

  179. Sean says:

    More Recession TV in the works

    1)Canned – follows what happens when several 20-something friends get fired from an investment bank and discover that maybe finance wasn’t the right field for them after all.

    2) An unnamed series stars Kelsey Grammer as a Wall Street exec who leaves the world of finance to play “manny”

    3)”Two-Dollar Beer,” a comedy set in blue-collar Detroit

    4)The Millionaires Club” about a group of average Joes who pool their cash for various get-rich-quick schemes.

    5) “Waiting to Die,” a sitcom about two guys who are content with their lives though they have little going for them.

    http://i.abcnews.com/Entertainment/Television/story?id=7051444&page=1

  180. John says:

    The largest shareholder is not happy with idiot CEO and has talks to get him fired, what is wrong with that?

    BC Bob says:
    April 21, 2009 at 4:17 pm
    John,

    No nationalization?

    LONDON (MarketWatch) — Senior officials at the Federal Deposit Insurance Corp. have privately discussed who might replace Vikram Pandit as Citigroup’s chief executive if the bank needed more government aid, the Financial Times reported, citing a person familiar with the matter. The FDIC identified CFO Ned Kelly and ex-CFO Gary Crittenden as possible successors. But any decision on Citi’s leadership will be led by the Treasury, the newspaper added.

  181. BC Bob says:

    [190]

    Nothing wrong with that, it’s called nationalization.

  182. Essex says:

    I love rationale Geithner keeps putting forward….We rely on the banks for a strong economy….yet somehow….’we’ get what from them? They don’t loan money anymore. Companies close and people are still unemployed.

  183. lisoosh says:

    John – learn other languages so you can know when they are taking the pi$$.

    Rutgers – Always go to the open house, folk festival with the kids. Didn’t even know about Ag day.

  184. To: still_looking
    Re: #177

    Hi! In response to your statement: “I’d be willing to put my 15 yrs of post grad medical training against her “board-certified health practioner” degree.”

    Let’s do it! I would be delighted to invite you to one of my seminars and we could set aside 20 minutes during the Q&A for a debate. If we can confirm this sufficiently in advance, I can arrange for a neutral third party to help facilitate.

    On Thursday evening 4/16, I was just taped for a 30 minute unedited debate with Dr. Meg Fisher who is President-elect of the NJ chapter of the American Academy of Pedatrics. It was filmed at the Cablevision studio in Randolph, NJ and produced by “New Directions For Women,” a project of the National Organization for Women. The segment will air on cable TV channels across NJ and PA and will also appear in three separate youtube segments. If you send me your email address to vaxRSVP@verizon.net, I will send you the links when they become available.

    The former head of the AAP recently admitted at the Institute of Medicine’s third annual stakeholder meeting in Feb that immunization safety science is “seriously deficient” and has been “done on the cheap.”

    My argument is that the infectious disease model must expand to include the new pediatric reality of chronic illness and neurodevelopmental disorders. No one in my neck of the woods is anti-vaccine. This isn’t even about vaccines. It’s about our health and the choices we get to make for ourselves and our families.

    Best to you
    Louise Kuo Habakus

  185. lisoosh says:

    Chi – What SL said. To a tee.

    I fail to see what a “former investment banker” can teach anybody about vaccines. Sounds like a smart person who went out of her mind with boredom when she stopped working and started obsessively overparenting. And I don’t care if it is an ad hominem attack.

    While vaccine choice sounds wonderful and “fair”, choice doesn’t really come into with with communicable diseases. Her unvaccinated 5 year old could contract whooping cough or diptheria and pass it along to a newborn. I’m pretty sure she wouldn’t like to accept liability for that one.

    The whole point of vaccinations is to remove the incidence of these really horrible diseases.

    Funny how so many kids in underdeveloped countries are begging for the vaccines to give them a fighting chance at survival and bored people here are fighting the vaccines that made their lives possible.

  186. John says:

    Louise “It’s about our health and the choices we get to make for ourselves and our families”.

    It sure is, that is why people should be vacinated so we don’t all get a another major outbreak, little second generation yuppie kids who don’t get shots are a breeding ground of nasty germs. If these little brats wanna move to an island in the middle of nowhere and live in a bubble god bless them, but if these little patient x’s want to float around day care and elementary school’s they better get their shots, even better neuter them while we are at it so we don’t spread their parents nutty gene pool.

  187. Clotpoll says:

    soosh (195)-

    My experience tells me that the parents I meet who don’t immunize their kids fall into several broad categories (most into more than one):

    1. Ultra-rich.
    2. Bored.
    3. Narcissistic.
    4. Segregated from regular human interaction (ie, use personal shoppers, assistants, drivers, private schooling, nannies)

    To pursue a course of action that’s complete madness- and use children as a proxy for working out severe self-esteem and need-for-attention issues- is just plain nuts.

  188. Clotpoll says:

    Gotta love John. Straight to the eugenics argument, just like a champ.

    Methinks Louise might be wondering right about now what she’s gotten into here.

  189. Silera says:

    “If these little brats wanna move to an island in the middle of nowhere and live in a bubble god bless them”

    Isn’t that Manhattan?

  190. Sean says:

    I read that website, it seems to be about parental choice and New Jersey is the only state requiring children between 6 months and 5 years old to get the flu vaccine to attend a licensed daycare or pre-school.

    I believe infants and toddlers aren’t allowed to use the nasal flu vaccine either.

    Sorry little kiddies, it is going to hurt a bit.

  191. stan says:

    I would rather see a debate between soccer mom MD and John.

  192. CalculatedRisk on FRE and FNM delinquencies;

    The tables show that the number of prime 60 days+ delinquent rose to 743,686 in January, from 497,131 in December. This is an increase from 1.93% in December to 2.89% in January.

    So, yeah, nothing to see here.

  193. Curmudgeon says:

    I’ve been overseas and haven’t been reading lately, but I would finally like to post with an opinion on the constant discussion of SRS, SKF and FXP. Although these toxic products can possibly be used strategically as extremely short-term day trading tools (I’ve successfully traded QID and SRS myself for kicks, once each), I am amazed that anyone would ever consider placing any real money in these incredibly inefficient products. If you want to make these bets, use a margin account and short indexes. What am I missing?

    One of any number of articles more detail on these scam products:

    http://finance.yahoo.com/news/UltraShort-ETF-Losses-Go-to-tsmp-14870710.html?.v=3

    In a more general comment on investing, the emotional attachment to market predictions that people on this board frequently demonstrate is frankly…insane. That type of sports mentality guarantees long term failure and it really confuses me. It’s money; trade smart and save your emotions for other human beings.

  194. Nicholas says:

    Major outbreak of measles in Baltimore over the weekend (6 to 8 cases total).

    Got it by going overseas to areas known to have measles and not getting vaccinated. They returned to the US and infected 7 other people by going to the grocery store, convienience store, and other general locations.

    Vaccines work, measles suck…

  195. skep-tic says:

    U.S. gov’t wants secured lenders to forgive 85% of Chrysler’s debt! Why would any sane bank agree to this?

    ************

    “A group of the U.S.’s biggest banks and other lenders rebuffed a Treasury Department request that they slash 85% of Chrysler LLC’s secured debt, proposing instead to eliminate about 35% in exchange for a minority stake in the restructured auto maker.

    The lenders’ counteroffer marks a significant act of brinksmanship as the banks and the Obama administration’s auto task force duel over concessions to avoid liquidating the country’s third-largest car company.”

  196. kettle1 says:

    let me offer a more moderate view on the vaccination issue.

    I do not have a problem with vaccines per say. The question for me is more the administration method. I am a fan of not administering them all at once and spreading them various administrations out.

    i am not saying that vaccines cause any particular disease, but i am not familiar with any real research into what potential side effects may arise from giving a number of vaccinations at one time. My question/concern is the stacking of vaccinations not the individual vaccines.

    On a related topic;

    Still looking;

    is there such a high incidence of HepA/B in infants that they need the vaccinations in their first year of life? I am not implying anything here, but am curious as these are not diseases/infections that normally affect infants to the best of my knowledge

    here is a CDC vaccine schedule (FYI)

  197. skep-tic says:

    the people who don’t believe in vaccines are the same people who believe that spa treatments have medicinal value.

  198. kettle1 says:

    SL,

    the interesting problem about modern research is that drug companies have been able to with hold studies/data that did not provide favorable results. This does not necessarily impune any particular research, but does pose a problem, as what is seen my have had a selection bias and not be fully representative. The recent issue over children on SSRI’s is an example of this, another in Glaxo withholding data on Avandia. I believe most of the big drug manufacturers have been caught withholding data at some point or another

  199. still_looking says:

    Dear Ms. Habakus,

    You wrote:

    No one in my neck of the woods is anti-vaccine. This isn’t even about vaccines.

    Are you anti vaccine? You expressly state that your children are “vaccine-injured.” What does this mean? I’m curious as to what they were diagnosed with and by whom.

    BTW, I was directed to your issue from someone asking specifically about vaccines.

    My argument is that the infectious disease model must expand to include the new pediatric reality of chronic illness and neurodevelopmental disorders.

    -In what way? I find this vague.

    It’s about our health and the choices we get to make for ourselves and our families.

    People exercise their rights and choices all the time.

    Let’s do it! I would be delighted to invite you to one of my seminars and we could set aside 20 minutes during the Q&A for a debate.

    As I am not board certified in Infectious Disease nor in Pediatrics, I will have to decline your generous offer. Has no one else accepted your offer for debate?

    We don’t consider this blog any more a public forum than the community of folks who blog here. You need to debate the experts in the field, not me. You might find them a better foil for you.

    Also: The former head of the AAP recently admitted at the Institute of Medicine’s third annual stakeholder meeting in Feb that immunization safety science is “seriously deficient” and has been “done on the cheap.”

    Funny, the first thing I look at when reviewing a research study is who funded it as often you may find the data skewed in their direction.

    The cheapest studies aren’t necessarily the worst. More often than not, their data is untarnished.

    My argument is that the infectious disease model must expand to include the new pediatric reality of chronic illness and neurodevelopmental disorders.

    Again I find myself having to ask you, “What exactly do you mean?”

    Also what is the curriculum for a “board certified health practitioner?”

    Forgive my ignorance, I just have never heard of this.

    Thanks again for the generous offer, debate, links, etc. Unfortunately, my work, family and hobbies keep me far too busy to watch TV or involve myself with obfuscation.

    I do wish you the best of luck in your efforts.

    Cheers,

    sl

  200. still_looking says:

    my unfortunately long post, in moderation.

    maybe for the best.

    sl

  201. Traitor nom deplume says:

    [210] SL

    After all that, you got modded????

  202. Traitor nom deplume says:

    [208] kettle,

    Don’t bring that up around Mrs. Deplume. That’ll bring the claws out.

  203. still_looking says:

    lisoosh,

    Thanks! From the over-tired, due at work in a few hours and having spent my time here instead of sleeping so I’ll be ready for work, me.

    I spoke nearly the exact words you wrote not just a few minutes ago, in horrifically colorful language, befitting an overtired ER doc.

    sl

  204. kettle1 says:

    Nom, 212

    would you care to elaborate any?

  205. I would rather see a debate between soccer mom MD and John.

    I’d be up for a cage match between Octo-mom and John?

    8mom – BLARGH! I will crush you and feed to to my throng!!
    john – /cry

  206. kettle1 says:

    Grim,

    can you please unmod SL’s post on vaccines

  207. still_looking says:

    How many times a day does one have to “Google” oneself to find your name on a real estate blog?

    My damned curiosity getting the best of me…

    sl

  208. kettle1 says:

    SL et al

    I requested that my sons vaccines be spaced out so he did not receive them stacked in the normal manner. there are an array of middle ground positions inbetween the 2 vaccine extremist positions ( no insult intended)

  209. skep-tic says:

    this blog is no place to discuss non-extremist positions.

  210. still_looking says:

    ket,

    none taken

    I agree with that.

    sl

    I can’t even go to bed now… it’s too late.

  211. Traitor nom deplume says:

    [214] ket,

    Do you recall what she does and where she worked?

    (if not, that’s okay. Still_looking probably does as she talked to her more that day. Will update you offline).

  212. still_looking says:

    …I swear, I didn’t even curse once in my reply!

    sl

  213. Traitor nom deplume says:

    BTW, news from Boston. The Craigslist Killer was a B.U. med student from New York (presumed because he went to SUNY Albany undergrad).

    Apparently quite a normal appearing med student with fiancee and all, and a gambling problem and overweening urge to rob and beat the sh1t out of escorts.

  214. kettle1 says:

    Skeptic,

    this blog is no place to discuss non-extremist positions.

    sorry, i will refrain from such moderation in the future.

    DEATH TO ALL WHO OPPOSE LORD OBAMA!!!!!

  215. kettle1 says:

    Nom,

    vaguely…… I thin i spent more time planning our take over of NEPA ;)

  216. still_looking says:

    On a more cheerful note, I am so totally digging the “I Dreamed a Dream” rendition by Susan Boyle.

    Then listened to the same song by Patti Lupone, Judy Kuhn, Elaine Paige, and none of them compare… not even close.

    Her range is just jaw dropping.

    sl

  217. kettle1 says:

    SL,

    in regards to infant HEP vaccinations; My understanding is that the same general goal can generally be achieved in 1st world nations by screening the mother throughout pregnancy for the virus and then treating the relatively small number of infected mothers.

    I did a substantial amount of reading ( pulled a large number of the actual research papers) during my wifes pregancy and the HEPA/B vaccinations seem to be more of a cop out in their current form.

    A similar issue is the antibiotic cream placed in an infants eyes at birth. According to studies and literature i read its primary purpose is to prevent infection of babies who mothers have been inadvertently infected with various STD’s during pregnancy by philandering fathers.

    Another issue (not drug related but medical) is the episiotomy. There are a number of doctors who will still do one by default when there is now substantial research that shows that a tear will heal more effectively and with fewer side effects then a preemptive episiotomy.

  218. Traitor nom deplume says:

    [223] redux

    confirmed. The alleged craigslist killer is from Sherrill, NY, wherever the fcuk that is.

  219. Traitor nom deplume says:

    [225] ket,

    and keeping our kids from running each other over with Hess Trucks.

    And did you have to bring up episiotomy? Ouch.

  220. Traitor nom deplume says:

    [224] kettle,

    and in keeping with the spirit, and since I am now out as a traitor,

    DEATH TO ALL SUPPORTERS OF COMRADE OBAMA!!!

  221. kettle1 says:

    ChiFi

    In short, my comments on the vaccine issue is that there does not appear to be a direct connection to vaccines and any particular illness. However the commonly used vaccine schedules stack a number of vaccines, so that they are administered at the same time. This may or may not have the potential to cause side effects, there are no real studies on this to the best of my knowledge.

    given those main points i personally chose to spread out my sons vaccine schedule so that he only received one vaccination at a time.

    in regards to thimerasol. Most official sources will say ti is not a problem. While i am not saying they are wrong, there are a number of questions i would raise in a debate on the issue. To that point i ensured that my son did not receive any vaccines containing thimerisol. or more accurately minimal thimerisol, as some vaccines are labeled “preservative free” yet still contain thimerisol but at a reduced level. A more accurate statement would be that i minimized his exposure to thimerisol.

    My motivation in using this method was a precautionary one. The potential for various effects does exist although these risks or lack there of have not been fully studied by any particular group in a rigorous manner to the best of my knowledge.

  222. still_looking says:

    various STD’s during pregnancy by philandering fathers.

    Broad assumption. Women f.uck around, too.

    It’s important though…. chlamydia being the main culprit. scarring of the cornea can cause blindness though.

    Hepatitis vaccine? Yep. B especially. A is more self limited and less likely to cause chronic infections or long term sequelae. Wish we had a vaccine for C. You can’t believe the ugliness I see from chronic Hep C pts.

    I thank god for HiB every working day.

    Do you think Jade Goody’s mom wishes they had Gardasil back in the day?

    http://cervicalcancer.about.com/b/2009/03/22/jade-goody-loses-her-battle-with-cervical-cancer.htm

    sl

  223. still_looking says:

    Episiotomies.

    Think of fabric easier to tear an already breached piece of cloth.

    I did not have an episiotomy and my tear was minimal.

    Apologies to those grossed out by this….

    sl

  224. kettle1 says:

    Sl

    granted the incidence of side effects from the antibiotic cream are small, would it not make more sense to simply do an STD test somewhere around the 30th week?

    I wonder what i wa s injected with by the US ARMY???? i was given a series of injections at one point and i would swear that one was listed as a HEP C vaccine. will have to dig up my old military records. Although the military does use experimental vaccines

  225. still_looking says:

    ok, test at week 30. Get infected at week 32. Rampant chlamydia by birth. Problem solved?

    No.

    Treat at birth.

    sl

  226. still_looking says:

    my god, am I crabby…. gawd. gonna just sit and stare for a while….

    sl

  227. kettle1 says:

    SL,

    Episiotomies.

    I am not a doctor, however there has been what appears to be a fair body of research since the 90’s that shows that a natural tear heals more effectively and stronger then a surgical incision, while also being less likely to cause various side effects which i am am sure you are aware of and many on this blog do not want to know.

    I will leave it at that.

  228. still_looking says:

    ket,

    I agree. We agree! Didn’t want and didn’t have an episiotomy.

    sl

  229. kettle1 says:

    SL,

    chlamydia testing has a 2 day turn around, would it be unreasonable to test at birth and treat 48hrs later if a positive test comes back?

    serious question i am not familiar with the detail of the progression of chlamydial infection

  230. kettle1 says:

    SL,

    hows the family?

  231. still_looking says:

    ket,

    all good! I’m just working a helluva lot.

    sl

  232. kettle1 says:

    1 last point SL,

    a 30 minutes chlamydia test developed by Dr Helen Lee at the University of Cambridge and completed clinical trials in 2007.

    I havent heard much about it since then, but a 30 minute delay period between birth and treatment would seem to pose little risk to a child per my limited knowledge of the disease

  233. still_looking says:

    Ket,

    Why so opposed to the treatment?

    What if the test has a false negative rate of 30%. Willing to risk it? I’m not.

    sl

  234. stan says:

    Still looking- she was not googling herself. Her followers at the app know no limitations. They are everywhere

  235. kettle1 says:

    sl,

    i prefer a more risk based approach to medicine. the chlamydia example is probably a poor one, but my personal opinion is that there is currently to much of a “just in case” mentality in medicine even when the risk related to not acting immediately may be minimal/acceptable.

    perhaps we can debate the matter at a GTG sometime.

    cheers :)

  236. kettle1 says:

    back to my regularly scheduled doom and gloom!

    its a good thing the IMF knows what they are talking about. the oct to jan estimate increased 56%, and the jan to apr estimate increased 86% . at this rate the will be estimating about 8 trillion in their oct 2009 report.

    With the global economic downturn deepening and confidence in the financial system still elusive, the International Monetary Fund estimates that banks and other financial institutions face aggregate losses of $4.1 trillion in the value of their holdings as a result of the crisis. In its global financial stability report, released Tuesday, the fund estimated that financial institutions would have to write down an estimated $2.7 trillion in loans and securities originating in the United States from 2007 to 2010. That estimate is up from $2.2 trillion in the fund’s report in January, and $1.4 trillion last October

    http://www.nytimes.com/2009/04/22/business/global/22fund.html?ref=business

  237. kettle1 says:

    CDS Clearing House Will Not Fix Credit Default Swap Mess

    A central clearing house will do little to fix the mess created by the misuse of credit default swaps, according to a new paper* by Darrell Duffie, professor of finance at the Stanford Graduate School of Business. In the preliminary research paper, Duffie, and GSB doctoral student Haoxiang Zhu, conclude that the central clearing houses founded to rationalize the $27 trillion market for credit default swaps will not remove nearly as much risk as regulators might hope. What’s more, despite a mistaken belief by some commentators, the clearing houses are unlikely to bring much needed transparency to trades of credit-default swaps, or CDS.

    http://seekingalpha.com/article/131811-cds-clearing-house-will-not-fix-credit-default-swap-mess

  238. still_looking says:

    Ket,

    With all due respect to nom and the other legal folks:

    “just in case” mentality in medicine even when the risk related to not acting immediately may be minimal/acceptable.

    Tell that to the lawyers who find us responsible for just about everything since, “you’re the experts, you’re supposed to know….”

    We practice frighteningly defensive medicine in the US.

    Want to champion a real cause? Help physicians from having to order excessive xrays and CTs (Cat Scans) that are strictly done to cover our asses.

    Better yet, want real mileage?? Educate people about keeping records of how many xrays and CTs they have had done.

    In efforts to keep from being sued far more xrays and CTs than we ever should do — especially on kids — with the resultant new pediatric cancers that are being found now.

    http://www.cancer.gov/cancertopics/causes/radiation-risks-pediatric-ct

    The worse case scenario we see in the ER are drug seekers who complain of abdominal pain who are routinely CT’d [I counted six! on one patient alone – a huge amount of radiation] because most docs are afraid of missing a diagnosis and being sued.

    I go back and count up every xray and CT each of them has had and give them the list. Most drug seekers go to different hospitals so we know they are being radiated there too.

    I warn them, document my warning in my H&P and that I have given them the list of their tests. I warn them of the risks of future cancer based on their exposure.

    Its a huge issue that flies under the radar because some people come in demanding such-and-such test. And with Press-Ganey (customer satisfaction surveys) the patient is always right. Want a lumbar spine film? No problem. Radiation equivalent of 200! chest xrays. Useful test? Rarely.

    Then add in radiation exposure from everyday exposures including flying and you can accumulate a frightening amount.

    THIS is the topic I wish people would publicize and educate the masses about.

    Getting off my soapbox and going to get ready for work.

    sl

  239. still_looking says:

    stan 247. what the f.uck is the app?

    Man I need to get out more… or maybe start watching tv. Explain it to me?

    sl

  240. kettle1 says:

    SL,

    i thought radium water was good for you!

    http://contexts.org/socimages/files/2008/05/29radium.jpg

  241. Traitor nom deplume says:

    sl, ket,

    Only grossed out because I might have to see one very soon. Ewwww.

  242. Traitor nom deplume says:

    [215] ket,

    Didn’t do much for Madame Curie, except kill her.

    on that happy note, home to family. Not posting tomorrow as I will be listening to the top legal minds in banking, describing how we got into this mess and how to get out.

    Ironically, I know half of the panelists (and at least one of them, I can’t stand).

    Peace out.

  243. Sean says:

    Another unemployment prediction update.

    Current U3 numbers.

    Top ten as of March 2009 not seasonally adjusted

    Michigan 13.4
    Oregon 12.9
    California 11.5
    South Carolina 11.2
    Rhode Island 11.1
    North Carolina 10.9
    Indiana 10.6
    Nevada 10.5
    Kentucky 10.3
    Ohio 10.1

    Top ten as of March 2009, seasonally adjusted:

    Michigan 12.6
    Oregon 12.1
    South Carolina 11.4
    California 11.2
    North Carolina 10.8
    Rhode Island 10.5
    Nevada 10.4
    Indiana 10.0
    DC 9.8
    Kentucky 9.8

    Prediiction of 20% U3 unemployment in the U.S. by the end of 2010 is holding folks batten down the hatches.

  244. Sean says:

    Anyone here have experience with an SBA 7A loan?

  245. kettle1 says:

    sean,

    20% U3 is inarguably a depression level event. 20% U3 is about 35% U6. The great depression topped out somewhere around 35-38% u6.

    got shiny metal and a victory garden?

  246. NJGator says:

    Man all this Episiotomy talk is making me(and I am sure Stu)even more thankful for my scheduled c-section.

  247. Stu says:

    SL, I am so with you on the need for vaccinations.

    Our tenant upstairs is a real hippy dippy Park Slope transplant type. Her kid was raised in the family bed until about age 2. This kid has serious sleep issues to this day. He has also been diagnosed with some kind of sensory processing disorder. What does mom do? Goes out and buys him drums. This is the noisiest kid I have ever witnessed. Of course this diagnosis has him qualifying for free pre-K special ed. (have I told you how much I love this town?) Mom also thinks he should not get the flu shot since it might upset his nervous system. My diagnosis is that the kid is completely unsocialized. It doesn’t matter how nice the weather is outside, he spends almost all of his time indoors. Oh, he supposedly has terrible allergies as well. Recently, they were on vacation and asked me to refrigerate a package for them when it arrived. Crazy beyatch ordered a few pints of colostrum. Google it…I dare you.

    For a mother and son who is so careful about how they treat their bodies and with all of their holistic practices, they both seem pretty screwed up compared to the average family. Though, I’m sure Whole Foods appreciates their business.

    One other thing, mom is mad over-protective. When this kid rides his bike, he looks like Don Quixote in all of his protective gear. I’m glad we don’t have any windmills in our landscape.

    My unprofessional opinion is that the kid is 100% average and needs some loving discipline and good parenting. Outside of their cooky holistic beliefs, these are the best tenants a landlord could ever have. They always pay on time and they are extremely nice.

  248. Clotpoll says:

    cur (203)-

    I think you mistake attitude and posturing here for emotion.

    I think the only person who’s really emotional about stock calls is bi. My sense is that the rest of us just get our jollies by making outrageous predictions (at least, it’s that way for me).

  249. Clotpoll says:

    skep (207)-

    What? You mean jamming cucumbers into my eyes won’t make me look younger?

  250. Sean says:

    kettle1 – disclaimer on my prediction if we go full commie and employ everyone. Have you ever worked in a mine?

  251. Stu says:

    Clot (259):

    Yup…Not emotional at all. One can’t be too emotional to hold onto positions that are down 60%. I’m sure John could tell you the same thing.

  252. Cindy says:

    http://www.marketwatch.com/news/story/A-cult-finance-protecting-failed/story.aspx?guid={A581A991-DEB6-4DBE-ADC2-316FDD493450}

    “Break up the banks, lawmakers told”
    MarketWatch

    “All three men – seasoned policymakers -said the current policy of protecting the big banks and their management must stop.”

    Johnson – “Anything “too big to fail” is “too big to exist.”

    “Johnson says that everyone has a favorite villian to blame for the boom and bust – the Fed’s low rate policy, the deregulation and lax supervision, the coddling of Fannie Mae and Freddie Mac – but each of these suspects has one thing in common: they all acted in the best interests of the financial system, not the public’s.”

    Stiglitz – “These big banks are not responsible for whatever dynamism there is in the American economy,” he said. The big returns that they earned in the past were the result of risk taken at the expense of American taxpayers.”

    “It’s notable that Tuesday’s hearing was held at the powerless and easily ignored Joint Economic Committee, and not at the Senate Banking Committee, or the House Financial Services Committee.”

  253. yikes says:

    bi says:
    April 21, 2009 at 12:20 pm

    69#, my point is very simple. these long-like short ETFs are evils. they are deceptive and are going to destroy njrereport community since evev some of the smartest guys are cheated by this pure evil.

    here’s one guy who disagrees.
    destroy?
    hahahahahahaha

    I haven’t missed a day since my last vacation.

  254. Stu says:

    Come on Mets. Ollie is looking pretty lame this season.

  255. Clotpoll says:

    vodka (234)-

    “I wonder what i was injected with by the US ARMY????”

    Thus ends another installment of Unfortunate Questions with No Good Answer.

  256. Clotpoll says:

    Wow. The vodka/sl convo above registers 10 on the squirmworthy meter.

  257. Cindy says:

    @ 263 – I can’t get the link to work –

    “A cult of Finance” MarketWatch Anaysis: Rex Nutting

    I know they have no power – just like Warren – but at least we can pass along (to everyone we know) what they have to say.

  258. Clotpoll says:

    sean (255)-

    Lots and lots of juicy points for the lender.

    Let me guess…is the lender practically jamming it down your throat?

  259. Sean says:

    Clot, This is to get the FIL working again and apparently O’bama and Congress have extended the term to 25 yrs and 2.5 mil for real property and business.

    For me I will make money just like the banks by writing down losses as profits.

    Any sage advise then post it here on our little online university.

  260. Cindy says:

    http://www.financialstability.gov/docs/Ltr-to-Warren-re-EESA_42009.pdf

    In case you are wondering what happened to the TARP funds, here is a little love note from Timmy to Elizabeth.

  261. Clotpoll says:

    Sean (270)-

    Wow. Didn’t know that. Take ’em up the poo chute.

    I might look into this myself. I have a little holding company/rent-back thingy going that could completely thwart the real purpose of this kind of lending. :)

  262. Pat says:

    still, I myself cannot stop listening to that lady.

    I don’t care that her entire spiel was planned to make her seem dowdy and contrast the voice.

    They could’ve let her sing nude in a bowl of lemon jello and I’d still be listening.

  263. Clotpoll says:

    Cindy-

    Here’s part of Lizzie Warren’s love song to J Timmay TurboTax today. I like the way she delivers sledgehammer shots while being all happy and polite:

    “People are angry that even if they have paid their bills on time consistently and never missed a payment, their TARP-assisted banks are unilaterally raising their interest rates or slashing their credit lines,” said Warren, who added that people are upset about foreclosures and a shortage of financing for small businesses.

    People are angry because they are paying for programs that haven’t been fully explained and that have no apparent benefit for their families or the economy as a whole, but still seem to leave enough cash in the system for lavish bonuses and golf outings,” the TARP watchdog said. “None of this seems fair.”

    http://www.huffingtonpost.com/2009/04/21/elizabeth-warren-to-geith_n_189446.html

  264. sas says:

    “Want to champion a real cause?”

    yeah. a eral cause. quit having the drug companies write the protocols for doctors.

    drug companies tell them what to do and when.

    shift change!! time for a C-section.

    I want free office supplies for my practice… do I will force feed company X products to my lame duck patients. and if there is every a hassle, i know Dr so & so will cover for me, cause its all one big game of CYA.

    cover yer arse.

    SAS

  265. Sean says:

    Clot – was on a cruise in October and had dinner with a bunch who were relying upon the SBA changes, apparently there is allot of money in the pipeline for “entrepreneurs”.

  266. sas says:

    vaccinations = SV40 virus

    ya gotta love it.

    SAS

  267. Pat says:

    Hmmm. Why doesn’t that letter make Pat feel Timmay is very honest?

    I smell butt-covering?

    And why do I think Dr. Warren is giggling and not giving a damn?

    The power of free speech is amazing. Her chats vs. his stoopid letters.

  268. sas says:

    this article leaves alot out (on purpose I suspect), but its interesting with a hint of truth nonetheless….

    “J@ck B@uer can’t stop ‘The Goldman Conspiracy’
    10 reasons why Wall Street has absolute power over America’s democracy”
    http://tinyurl.com/dcp344

  269. sas says:

    but, what do I know?

    I am some dumb Benny from Lodi who wants to check out the south shore.

    SAS

  270. Cindy says:

    (273) Pat – Same here. She just has always “had my ear.” I am listening to whatever she says.

  271. Cindy says:

    (274) Clot – Thanks! Good one.

    Feet up time for me. I know I can check in here at night and get the skinny.

  272. safeashouses says:

    #258 stu

    I took up your dare.

    Wish I hadn’t. :P

  273. Cindy says:

    http://en.wikipedia.org/wiki/California_Proposition_1F_(2009)

    Almost forgot. The special election May 19th appears to be on track to go down in flames. No money for Arnie (in the form of two years of tax increases beyond the emergency measures he has in place.) Anyway – It doesn’t look like anything will pass no 1A, 1B, 1C, 1D, 1E – except 1F.

  274. Essex says:

    284…..place your head between your legs and kiss your ass goodbye.

  275. firestormik says:

    Stu says:
    April 21, 2009 at 9:44 pm
    SL, I am so with you on the need for vaccinations

    Stu, I don’t know what’s the kid’s problem is, but trust me on that, your are lucky your’s is fine. Your post was really stupid

  276. Essex says:

    Stu sing some more awkapeller for me…that stuff is so great.

  277. lisoosh says:

    still_looking says:
    April 21, 2009 at 7:31 pm

    “In efforts to keep from being sued far more xrays and CTs than we ever should do — especially on kids — with the resultant new pediatric cancers that are being found now.”

    Still – uh oh, now you are giving Louise more ammunition in her quest to be the subject of a movie of the week.

  278. safeashouses says:

    WTF is wrong with people?

    http://www.cnn.com/2009/CRIME/04/21/maryland.family.shot/index.html

    How can you kill your kids because you can’t sell a house?

    I also just heard on the news of a family of 4 died in a murder – suicide in a
    Baltimore hotel.

  279. chicagofinance says:

    My lord, what have I done to this thread?!?

    ket, sl & lisoosh thank you and I apologize in the same breath…

  280. lisoosh says:

    Stu – hey I’M a hippy dippy granola chick who bre@st-fed (over 2 years in the case of my son) and co-slept and everything.
    My kids sleep just great and are super healthy.

    I also had two episiotomies (OK, not voluntarily but by that time I didn’t really give a d@mn any more) and happily blessed every drip of that epidural.

    And both of my kids are fully immunized.

  281. Essex says:

    289. Amen brother. Guy should have taken his own self out. That is a shame.

  282. Pat says:

    SAS, when my doc told me – two weeks before my due date – that it was a scheduled C-section like the next day – I secretly went around and asked the girls at the desk if he was going on vacation mid to end August.

    He was!!!

    He pulled the baby out early on 8/2 and broke her arm in half right above the elbow doing it. We thought about nicknaming her “Lefty.”

    But when I saw the deep rib marks in her forehead and on her backside, where she’d been stuck growing sideways in me, I knew he was right when he told me she’d never have turned. I was too short.

    So sometimes, the docs with the high C-section rates have those rates because the high risk females go to them.

  283. lisoosh says:

    chi – don’t apologize, its fun. Nice change of topic.

    Something which might be of interest to you as I know your wife is militant about foodstuffs etc for the kids:

    In Israel kids tend to eat a lot of nuts from a fairly early age, including peanut based puffed corn snacks (called Bamba in case you are curious).
    Well, a new study out shows that incidences of peanut allergies there are MUCH rarer than here, and the evidence points to the early exposure.

    Remember I said something last time this topic came up about the body needing to be exposed fairly early on to all of this stuff in order for the immune system to organize the appropriate response? That would include pathogens as well as foodstuffs and regular dirt.

    A lot of the neuroses seem to actually be MAKING people sick.

  284. Essex says:

    well the site has officially crossed over to ESTROGEN CENTRAL here…..lord.

  285. Sastry says:

    OT… Anyone has thoughts on Fusion Hybrid? A friend of mine seems interested, and I can use his experience in choosing whether to buy one later. We have a Fusion ’07 and other than gas guzzling, it’s pretty good.

    S

  286. Revelations says:

    Just caught up on today’s posts. Kinda wish I hadn’t. Learned a new word… ‘episiotomy’.

    Unfortunately, the first web search listing I clicked on gave me a picture. Sleep looks doubtful for awhile.

  287. me@work says:

    Wow… seems I didn’t get unmodded.

    go figure.

    Shitstorm here has settled down to a drizzle… what a f.ucking night….

    I need a vacation, BAD.

    sl

  288. me@work says:

    Wow… seems I didn’t get unmodded.

    go figure.

    Shitstorm here has settled down to a drizzle… what a f.ucking night….

    I need a vacation, BAD.

    sl

  289. me@work says:

    I guess grimmy is away?

    sl

  290. NJGator says:

    Lisoosh – re the co-sleeping I think the bigger problem was the kid never got outside. He did nothing for the day, and then they tried to put him to bed by 7PM. The kid wouldn’t sleep and all of a sudden the parents were saying that he had a ‘sleep disorder’. No one ever considered that maybe he just wasn’t tired yet because it was early and he lacked activities.

  291. SG says:

    HGTV changes focus because of housing downturn

    The cable network that focuses on home style is spending more time on modest properties. HGTV president Jim Samples says the network is airing its shows “Property Virgins” and “My First Place” more frequently because viewers can better relate to stories about first-time home buyers than those seeking vacation getaways.

    Two new shows called “Real Estate Intervention” and “The Unsellables” focus on fixing down-on-their-luck properties to bring them to market.

  292. NJGator says:

    I will probably get busted on for saying this, but I had a 100% elective c-section and I would do it again in a minute if we had another Lil Gator.

    Stu’s brothers kids all weighed in at over 9 1/2 lbs. My mother had trouble delivering my younger brother and he was only 8 lbs. He was her 3rd child and the labor took over 28 hrs. It was 1981 and the doctor refused to consider a c – told my mother she had done it the right way twice and could do it again. He lost oxygen at some point in the delivery and had to be pulled out with forceps. He was black and blue from ear to ear when born and they didn’t know if he would make it. He was eventually diagnosed with cerebral palsy. I have watched my brother struggle needlessly through many simple things in life and that has completely skewed my perception about the birthing process. To me concepts like ‘home birth’ are crazy and alien. I think birth should be highly medicalized and controlled.

    From 20 weeks on I kept asking to know how big he was. I had a great OB. he questioned me on the issue repeatedly until he was comfortable that this was what I really wanted and then he agreed to it. As he said, they’ve certainly been scheduled for far more frivilous reasons.

    Go ahead – call me ‘too posh to push’. I don’t care. I’d do it again.

  293. NJGator says:

    24 Hours to NOLA! Anyone want to share their must see/do/eat recommendatons?

  294. sas says:

    “Worst foreclosure rates found in 4 states
    Report finds Calif, Fla., Ariz. Nevada have 26 cities with worst foreclosure”

    http://finance.yahoo.com/news/Worst-foreclosure-rates-found-apf-14994311.html?sec=topStories&pos=2&asset=&ccode=

  295. Cindy says:

    http://howardlindzon.com/?p=4118

    “The Proper Use of Leverage…Danny MacAskill”

    caught my eye because …Chicago/Stu – the caption reads “Danny…not a jew!”

  296. sas says:

    “NOLA”

    besdies good food
    unless your in your 20s and think getting drunk to you yack is comical.

    NOLA is overrated.

    SAS

  297. Cindy says:

    http://www.dollarsandsense.org/blog/2009/04/big-corps-using-bailout-bucks-for.html

    Dollars and Sense

    “Big Corps Using Bailout Bucks for lobbying”

    “It’s the best game in town. Get taxpayer bailout billions and spend some of the spare cash on lobbyists to press Congressional Reps and Senators into giving more money and ending onerous conditions like limiting executive compensation.”

    There oughta be a law….

  298. sas says:

    “Yahoo to slash workforce as sales drop”
    http://edition.cnn.com/2009/BUSINESS/04/21/yahoo.results/

  299. sas says:

    not a good idea.

    “Wash. Senate approves pension, sales tax bills”
    http://www.theolympian.com/northwest/story/825177.html

  300. Essex says:

    Roseland and Cedar Grove defeat their school budgets….well they now have something in common with Belleville and Irvington.

  301. Cindy says:

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a4AtVMqwawtc&refer=home

    Sean – Check this out… Bloomberg

    “Credit Default Swaps Cut to $38 Trillion ISDA Says”

    “Traders have been rushing to cancel redundant trades as federal authorities seek to impose regulations on the market for the first time since it was created a decade ago.”

  302. zieba says:

    Freddie Mac CEO found dead in MD home, apparent suicide:

    http://www.wcbs880.com/Freddie-Mac-Chief-Commits-Suicide/4249204

  303. Dissident HEHEHE says:

    Yeah, “suicide”, good one.

  304. Clotpoll says:

    Was he getting ready to sing?

    sas, what’s your take?

  305. Outofstater says:

    God, this is so troubling on so many levels. If it was a suicide, what a waste. NONE of this CR@P is worth a person’s life!!! What about his family? Children??? They cared about HIM, not whatever else was going on! If it was something else, well that’s just as troubling but on a whole different scale.

  306. BC Bob says:

    NEW YORK (MarketWatch) — Morgan Stanley said on Wednesday that its first quarter results swung to a net loss to common shareholders of $190 million, or 57 cents a share, compared to a profit of $1.41 billion, or $1.26 a share in the first three months of last year. Consolidated net revenue fell to $3.04 billion in the latest quarter, from $7.92 billion a year ago. Analysts polled by Thomson Reuters had, on average, expected the company to lose 8 cents a share in the quarter.

  307. x-underwriter says:

    24 Hours to NOLA! Anyone want to share their must see/do/eat recommendatons?

    last time I was there was 2005 – before katrina. Went there almost every year until then

    Lucys retired sufer bar – great dive bar where the locals hang out

    Restaurant named Desire – on bourbon st…great po boys and you get the old world charm

    I don’t know if Tipitina’s uptown is still there. Saw the Neville Brothers there years ago..the real deal.

    House of Blues is an institution…saw many shows there

    GW Fins is a good place as well

  308. Cindy says:

    http://baselinescenario.com/2009/04/22/the-missing-witness/

    “The Missing Witness” – Baseline Scenario

    “Apparently, the committee invited a number of leading people from the industry (i.e., individuals who generally articulate the cause for big banks) and they were all too busy to attend.”

  309. Seanm says:

    Since I am hung like a donkey when the baby gets over 7 pounds I just use my long schlong to knock that baby out the box, call me next time and avoid the knife honey. Just have ur bags packed and give your husband a catchers mitt.

    NJGator says:
    April 22, 2009 at 6:55 am
    I will probably get busted on for saying this, but I had a 100% elective c-section and I would do it again in a minute if we had another Lil Gator.

  310. SG says:

    From Economist,

    Home ownership: Shelter, or burden?

    The social benefits of home ownership look more modest than they did and the economic costs much higher.

  311. Dissident HEHEHE says:

    Freddie Mac CFO = the man who knew too much. Look at the positions he held with the company the past 16 years. Alternative theory is he was going to be tabbed the fall guy.

  312. yikes says:

    http://www.foxnews.com/story/0,2933,517399,00.html

    am i late on the CFO suicide?

    first domino to fall?

  313. PGC says:

    sl goes off on vaccines and I miss it.

    I had left our last discussion alone, but since the door has been reopened.
    I do owe you this one. The doctor that came up with the link between MMR and Autism was shown to have lied.
    http://latimesblogs.latimes.com/booster_shots/2009/02/british-doctor.html
    Studies can go either way and I don’t we can take any study at face value.

    I personally think (all disclaimers) that Autism, MS and other neurological disorders are viral based.

    While I think some vaccines have their place, the US (and especially NJ) schedule is crazy. My biggest issue is that I don’t think a toddler sized body is equipped to process heavy metals in any form. Its a great contradiction when doctors go overboard on lead testing, but inject mercury laced vaccines.

    Following that, 24 shots in the first 12 months is far too much for some kids to handle. Part of the reason for the multiple shots is that some kids have deficiencies, that block the absorption of the vaccine. One shot will not cover them, so they over vaccinate everyone to try and boost coverage for all.

    I am not “using children as a proxy for working out severe self-esteem issues” I would rather see myself as pragmatic and questioning. Just because you oppose the war does not mean you do not love your country.

    Here’s one for you. Rickets is on the rise. Could the fact that the kids are now lathered in SPF50 be part of the cause.

  314. Cindy says:

    http://www.nytimes.com/2009/04/22/business/economy/22leonhardt.html?_r=1&ref=business
    from Naked Capitalism – NYT

    For Housing Crisis, the End Probably Isn’t Near

    “The closest thing to a real estate crystal ball in the last year has been the house auctions that are regularly held around the country.”

    “They don’t have as far to fall today, but the great real estate crash is not over, either. So if you are part of the 30 percent of American households who rent and you’re trying to decide when to buy, relax.”

    Sounds like a lot of the conversations here…

  315. Frank says:

    Where’s the recession???

    Hudson City 1Q profit rises 44 percent
    Hudson City posts 44 percent rise in 1st-quarter profit, boosts dividend

    http://finance.yahoo.com/news/Hudson-City-1Q-profit-rises-apf-14991312.html?.v=1

  316. DL says:

    “Like a huge souffle, Main Line’s Maia falls.”
    http://www.philly.com/inquirer/home_top_left_story/20090422_Like_a_huge_souffle__Main_Lin_s_Maia_closes.html

    But the Main Line is different!

  317. d2b says:

    Isn’t Sean Irish for John?

  318. BC Bob says:

    d2d [329],

    Exactly. John is a wimp, trying to disguise himself.

  319. 3b says:

    #312 essex: That is an ignorant comment.

  320. BC Bob says:

    that’s to d2b

  321. NJGator says:

    321 – I think I prefered the episiotomy discussion.

  322. bi says:

    Christie’s main message of the evening was his wish to make New Jersey more friendly for taxpayers and businesses.

    When asked about affordable housing, Christie called the state’s current COAH rules “wild, zealous and overreaching.”

    He said that the state’s current goal of 115,000 affordable units and over 500,000 market price units as unbelievable and said it could do unspeakable damage to the environment

    He said the development would mean new schools, new roads and more use of the area’s water supply.

    “When I get to Trenton, I’ll gut COAH,” he said.

    http://www.capemaycountyherald.com/article/49035-gop+gubernatorial+candidate+holds+town+hall+meeting

  323. Al says:

    HI all,

    Does anybody knows where to look up Voting results by town – is there a place online?

  324. Clotpoll says:

    Cindy (326)-

    My favorite part of that article:

    “Throughout the evening, such low-ball prices continued to win the bidding. At one point, the auctioneer, Wayne Wheat, interrupted his sing-song auction call to cheerfully ask, “Where are my investors?”

    The tables that had been set up around the edges of the ballroom, reserved for people planning to buy multiple houses, were mostly empty.”

    The investors are still sitting on their hands. They know this thing is nowhere near the bottom.

    I get calls from “investors” all the time. The fact that they are calling me now is all the proof I need to know they’re not investors. My real investors are on the beach, sipping fruity drinks.

  325. House Whine says:

    #336
    You can go to c-n.com for posted results by town.

  326. Fiddy Cents on the Dollar says:

    I’m VERY disappointed in the Middletown voters !!

    You folks passed that budget by a 2-to-1 margin ?? Do you like your school system’s top-heavy administration ??

    There’s a superintendent, a principal, a vice-principal, and 4 guidance counselors for each grade…..all duplicated at HS North & HS South. With the Middle schools and Grade schools providing the Minor League farm team.

    All this on top of your new assessed values in town. Drop you clocks and grab your socks….you’ll be paying thru the nose for this bloated fiefdom for years to come.

    I won’t be in town (or state) that much longer, so you can plan on picking up my tab, too.

  327. Sean says:

    The CFO who committed suicide David Kellermann from Freddie was living large.

    The Kellermann home, which has two floors above ground and a three-car garage, sits on the corner of Raleigh Hill Road and Brittenford Drive in picturesque Hunter Mill Estates, a neighborhood of single-family homes outside of Vienna, just over the border from Reston. According to Fairfax County tax records, Kellermann’s home is assessed at $898,440.

    Zillow says he was not underwater either on his home.

    http://www.zillow.com/homes/map/raleigh-hill-road,-VA_rb/#/homes/for_sale/map/raleigh-hill-road,-VA_rb/38.946869,-77.302873,38.945513,-77.305458_rect/17_zm/

  328. BC Bob says:

    “My real investors are on the beach, sipping fruity drinks.”

    Clot,

    I’ll have a rum swizzle.

  329. Hubba says:

    #327

    frankfurter.

    Why don’t you take a look at the non-performing loans, provisions, and net charge offs. Cretan, there is your main st. recession.

    They killed the numbers only because the Fed dropped rates to near 0. Net interest margin is through the roof. Good for shareholders, but there customers either cannot pay there loans off at an increasing rate, or are getting minuscule return on their deposits.

  330. Hubba says:

    there = their. Not enough coffee for me yet.

  331. Painhrtz says:

    Freddie Mac CFO – the only thing I could think of when I heard the news is he pulled a Ken Lay so his family could keep their err umm loot I mean earnings.

  332. Clotpoll says:

    BC (341)-

    Make mine a gin rickey.

    Rickey? Rickey wants to play baseball!

  333. Clotpoll says:

    Mish, ripping it again today (brush off your Woody Guthrie songbook):

    This is not Bizarro World, nor it is 1970.

    “If Barclays is betting on six interest rates hikes in the US with its own money it will likely get carted out in a coffin. Property values are crashing, unemployment is rising, wages are falling, global wage arbitrage is king, and most importantly Peak Credit Has Arrived.

    It is impossible to get inflation out of that mix. Bernanke could cut interest rates to zero tomorrow and it would not cause inflation, at least as properly defined: a net expansion of money and credit. Banks are strapped for cash. They cannot lend. Businesses do not want to borrow. There is overcapacity everywhere. The Shopping Center Economic Model Is History.

    I struggle to see how anyone can get inflation out of that mix. Last Thursday when the stock markets were in a freefall, I asked Is The Inflation Scare Over Yet? Well, I guess it’s not.

    And so here we are. Deflation has returned to the U.K. I need to add The U.K. to my Deflation Has Gone Global list.”

    http://globaleconomicanalysis.blogspot.com/

  334. Cindy says:

    (337) Clot (341) BC – Though you guys would like that one. So true.

    Also – There is a Zero Hedge post RE: REITS @ Naked Capitalism you may want to check out. I basically refuse to post a ZH article for a bit.

  335. 3b says:

    Well the budget was passed in my town. Have to do anything to try and prevent house prices from falling, Ah no I am sorry it was passed for the children.

    But we did have a respectable no vote, considering only about 14% of eligible voters even bothered to vote.

  336. Cindy says:

    That word must have been “thought.”

  337. PGC says:

    kettle / Nom,

    Here’s a nice chart for your wall.

    http://njiis.doh.state.nj.us/docs/otet/Provider_Schedule.pdf

  338. Cindy says:

    We are breaking temp records (in some cases 20 degrees above normal) this week here in CA. Grim may come back with a tan….I wonder where he is – exactly.

  339. bi says:

    Now he speaks with more confidence……

    Geithner: We’re on right track to end crisis

    WASHINGTON (MarketWatch) — Treasury Secretary Timothy Geithner defended the steps that the Obama administration and other nations have taken to combat the global recession. “The actions now in place and in the pipeline offer the strongest basis for confidence that we will begin to lay the foundation for global recovery,” Geithner said in a speech to the Economic Club of Washington. It is important that the G20 doesn’t take its foot off the gas at the first signs of recovery, he said. While nations around the world face different challenges, “we are all in the same storm,” Geithner said. Geithner will host meetings of finance ministers and central bank governors of the G7 top industrial nations on Friday. In addition, he will host a meeting of the broader G20 group. The financial leaders are gathering for the semi-annual meeting of the International Monetary Fund and World Bank

    http://njrereport.com/index.php/2009/04/21/school-budget-time/#comment-290450

  340. Sean says:

    re#348 3b – Dancing with the Stars was on last night along with American idol, do you really expect people to miss those shows?

    FYI, I updated my unemployment predictions above in post #254, for most soon to be laid off, they won’t even see it coming. If they are lucky they will have a chance to star on the new FOX reality TV show “Someone’s Gotta Go”.

  341. Clotpoll says:

    Budget defeated in my district by 34 votes. Small, symbolic victory.

  342. Sean says:

    new thread………

  343. kettle1 says:

    PGC 351

    my personal take is similar to yours, stacking that many vaccinations on top of each other is a bad idea in my opinion and i will not do so for my child, although he does receive vaccinations

  344. PV Group says:

    SG says:
    April 21, 2009 at 10:08 am
    The marketing done by Teachers to kids for school budget is amazing. My 8 year old daughter was told, if parents don’t vote YES on budget,

    * The classrooms will have 40 kids (double)
    * There will be no after school activities
    * The enrichment programs will be cut
    * Finally, her teacher may be out of job

    For fun, I told her, how about I vote NO, and she vehemently argued why I should vote YES.

    This is not “marketing” it is pure intimidation and brown-shirt propaganda.
    If it were a moderate or conservative teacher saying something similar about politics or religion you can be sure the teacher would be suspended or fired. But because it is for the left-wing liberal crowd who are whores for the NJEA- it is acceptable. Intimidating an * year old! Disgraceful behaviour that is justified to only further their agenda.

  345. PV Group says:

    “Sean says:
    April 22, 2009 at 9:39 am
    re#348 3b – Dancing with the Stars was on last night along with American idol, do you really expect people to miss those shows?

    FYI, I updated my unemployment predictions above in post #254, for most soon to be laid off, they won’t even see it coming. If they are lucky they will have a chance to star on the new FOX reality TV show “Someone’s Gotta Go”.”

    Sean, you could not be more spot on. These dopes have their heads so far up their own a**es. All they seem to care about is american idiot or dancing with the dopes. I sincerely hope we are crippled economically, both here in NJ and nation wide. It may be the only thing that will actually wake up these sheep. A great depression, in the long-run would be the cleansing we need. These people do not live in reality, but rather they live in a ‘reality show’ world.

Comments are closed.