OMG! Realtors at risk of losing commissions!

At risk of losing credit: 55,000 – 75,000
Grim’s estimate of lost sales: 18,300 – 25,000 (~33.33% loss)
Median Home Price (April): $173,000
Average Commission: 5%
Lost Commissions: $158,295,000 – $216,250,000

Cost to us: $440,000,000 – $600,000,000

From the WSJ:

Congress Could Extend Home-Buyer Tax Credit Closing Deadline

What if the home-buyer tax credit worked too well?

That’s the latest concern from the real-estate industry, which says that a last-minute home-buying rush in April created bottlenecks at lenders and real-estate service companies that may not be able to finalize purchases in time for tens of thousands of buyers to receive a tax credit worth up to $8,000.

On Thursday, there were signs that the real-estate lobby had successfully communicated those concerns to Congress. Senate Majority Leader Harry Reid (D., Nev.) joined Sen. Christopher Dodd (D., Conn.) and Sen. Johnny Isakson (R., Ga.) in sponsoring a measure that would give buyers until Sept. 30 to close on sales that went into contract by April 30. That measure would be attached to a job-related bill before the Senate. It would need House and Senate passage before being signed by President Obama.

Congress last fall extended an $8,000 tax credit for first-time home buyers and added a smaller $6,500 credit for current homeowners. For now, buyers who signed contracts by April 30 have until June 30 to close on those sales in order to claim the tax credit.

One worry has been that short sales, where a lender allows a home to sell for less than the amount owed, won’t receive requisite bank approvals in time to meet the closing deadline. Short sales are “clearly at risk” because agents and loan officers have little control over getting those deals approved, says Tim Wilson, who heads the mortgage and title divisions at real-estate brokerage Long & Foster Cos. “I think you’ll see a lot of those not make the deadline,” he says.

The National Association of Realtors says 55,000 to 75,000 prospective buyers are at risk of losing their tax credit, but it’s unclear how many sales would actually fall through for those who miss out on the tax credit. Buyers could be hard-pressed to void signed sales contracts unless they’ve made their closing contingent on receiving the tax credit or are willing to forego any deposits.

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415 Responses to OMG! Realtors at risk of losing commissions!

  1. grim says:

    No worries kids, everyone gets a pony.

  2. grim says:

    From the Daily Record:

    May casino revenues down 9 pct in Atlantic City

    So much for the comeback.

    Atlantic City’s 11 casinos saw their revenue fall by 9 percent in May compared with a year ago.

    The drop was disappointing in the nation’s second-largest gambling market, where April’s figures were almost at the break-even point.

    “In April, we felt really good about the way things were going,” said Don Marrandino, eastern division president of Harrah’s Entertainment Inc., which operates four of the casinos. “We’re clearly disappointed. May was just not a good month. Everyone’s feeling the same pain.”

    The poor performance came despite a Memorial Day weekend in which casinos were packed, but the holiday weekend revenue was not enough to offset a lackluster rest of the month.

  3. grim says:

    From the Star Ledger:

    Rutgers freezes employee pay due to N.J. budget cuts

    Rutgers University will cancel scheduled pay raises and freeze the salaries of its 13,000 employees as it faces an “extreme fiscal crisis” brought on by state budget cuts, school officials said today.

    The state university expects to save $30 million with the emergency across-the-board salary freeze on the New Brunswick, Newark and Camden campuses. But the surprise move — announced in a campus-wide e-mail — angered union officials who said they may go to court to force Rutgers to honor its contractual agreements.

    The university needs to plug a nearly $96.6 million hole in its budget once the state funding cut, scheduled salary increases and other mandatory cost increases are added up, Furmanski said. By eliminating the employee salary increases, Rutgers may be able to avoid eliminating classes, laying off employees and other drastic measures. Campus officials said salary increases may be reinstated in the future if the budget picture improves.

  4. Final Doom says:

    A definite stench of death in the morning air today.

  5. Boostsaves says:

    Man, these people are ridiculous. They will stop at nothing to further spend every dam dime we have left. Newsflash! The housing market is toast. Nothing you can do to prevent it’s further declining demise. Let the market get off it’s sugar high.

    Lol! Nar says people risk loosing the credit. You mean you risk loosing your cash. Quick lobby the federial gov This can’t happen

    There is a glitch in the matrix.

  6. Cindy says:

    Thank you for your kind words yesterday.

    An update on my non-union district:

    Still no layoffs of permanent employees.

    My salary will be cut from $68,500 to $65,760 for the 10/11 school year then to $64,445 for 11/12.

    All employees and retirees pay a $25. copay. Retirees pay a monthly premium for health coverage – we are self-insured so it fluctuates based on a 10% cap. $322. monthly this year for a single medicare-covered retiree – more if you include a spouse or family members… A lot more if you are not covered under medicare. Premium changes for active employees is still in committee.

    There was some discussion about CalPERS yesterday. I work under CalSTRS. The highest multiplier for a CalSTRS employee is 2.4 @ age 63 and beyond. CalPERS has a 3.0 multiplier and many can retire as early as age 50.

    For some years now, a few politicians have tried to create a tiered retirement system for state employees so new hires would fall under a more realistic program.
    So far – no go.

    California is so messed up.

  7. Final Doom says:

    The only hope left is for Congress to turn over. Perhaps a group of nutty conservatives can engineer some kind of stealth debt repudiation that hits the “reset” button.

    It’s either that, or war. A big, nasty, shoot-the-nukes war.

  8. Cindy says:

    http://www.businessweek.com/news/2010-06-10/banks-face-short-sale-fraud-as-home-flopping-schemes-spread.html

    “Banks Face Short-Sale Fraud as Home ‘Flopping’ Schemes Spread”

    “It appears that the program may lack necessary protections,” Barofsky said.

  9. Cindy says:

    http://blogs.wsj.com/economics/2010/06/10/financial-bill-to-include-new-mortgage-restrictions/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Feconomics%2Ffeed+%28WSJ.com%3A+Real+Time+Economics+Blog%29

    “Financial Bill to Include New Mortgage Restrictions”

    “Originally weighing in at 1,500 pages, the bill has now padded out to close to 2,000 pages thanks in large part to a decision by Democrats to add “Section 14.”

  10. Final Doom says:

    Cindy (8)-

    Flopping has been happening since Day 1 of this crisis. I’ve personally turned down two invitations within the past six months to join flopping schemes.

    Honestly, I don’t know how probably 9 out of 10 cases of flopping could be successfully prosecuted, anyway. The lenders themselves have done so much to distort true valuation and hamper price discovery that a good defense would probably be to go on offense against the lender at trial.

    Disclaimer: I am not an attorney. To the contrary, I am an advocate of a return to man’s natural, savage state. Equip every family with guns, ammo and pit bulls, and disband all forms of human organization.

  11. Final Doom says:

    An occasional gathering to slaughter chickens and worship the golden calf would be acceptable, though.

  12. jj says:

    Cindy move to Nassau County Long Island!! Here is what we pay

    62% of teachers make over $100K base salary per year

    *With step & contract increase they get 8% raises each year

    *Teacher to student ratio 1 to 9.75

    *Per Student cost over $30K

    *Average teachers compensation with benefits (without stipends) is $145,500.

  13. Cindy says:

    10 Clot –

    “The lenders themselves have done so much to distort true valuation and hamper price discovery…”

    So true.

    Friends who have refinanced lately say no one even comes to do an appraisal. When I moved into my 15 year in 2003, there wasn’t an appraisal.

    Something tells me that will have to change.

  14. Cindy says:

    12 – John

    Thanks for the offer – but I love the messed-up state of California.

    I will do just fine. I have a job.
    Period.

  15. Cindy says:

    http://finance.yahoo.com/news/Retail-sales-drop-12-percent-apf-2718221856.html?x=0&sec=topStories&pos=main&asset=&ccode=

    Oh boy, roller coaster ride time again…

    Retail sales drop by largest amount in 8 months…

  16. Mr Hyde says:

    Morning all.

    Question for the camera guru’s

    I finally got the Canon DSLr, the XSi

    I have the EF-S 55-250mm f/4-5.6 IS and 18-55mm f/3.5-5.6 IS Lens’.

    What size Lens filters would i need for these lens’? I just want a UV filter for both of them, nothing fancy.

  17. Orion says:

    Retail sales

    Joe 6-pack is now buying 3-pack.

  18. #16 What size Lens filters would i need for these lens’?

    58mm

  19. Mr Hyde says:

    Another question for the car guru’s:

    My stock A4 1.8T, with nothing modified has been getting an average of 35-37 MPG on my commute. Its 90% highway and its mostly open highway driving at 75-80 MPH with the AC on and windows closed. The factory rating for this car is 28MPG on the highway…..

    I’m not complaining, but any thoughts on whats up with that?

  20. Mr Hyde says:

    Thanks Tosh!

  21. Final Doom says:

    Cindy (14)-

    Here’s what else you get on LI:

    1. Worst traffic on planet.

    2. World’s biggest a**holes.

    3. Massive corruption.

    4. Taxes worse than NJ’s.

    5. Leonard’s of Great Neck.

  22. Mr Hyde says:

    Follow up to 19.

    It an 02 A4 1.8t QUATTRO

  23. still_looking says:

    Hey Doom,

    Anything to worry about here:

    http://www.zerohedge.com/article/social-security-mid-year

    ?

    sl

  24. Outofstater says:

    Been wondering – the public employee union members get upset over the bonuses and other benefits that the Wall Street types receive. They also seem to think that those in the private sector are wildly overpaid and get all kinds of lavish perks. What is the current value of a public employee’s benefit package over his/her lifetime? Pension, free medical and whatever else they get. Add in not just the cost of the insurance premiums, but the estimated $ the insurer would have to pay out on behalf of the employee. I bet it’s a bundle.

  25. Knifecatcher - Painhrtz says:

    Hyde the B5’s with 1.8T were very efficient engines, but those numbers are high. Computer off in the car?

    Problem with that engine is the oiling system, hope you have been using nothing but synthetic. Engine gets gummed up pretty bad, think there was a recall on it.

  26. Final Doom says:

    sl (23)-

    No problems there. The problem is you and your piss poor attitude.

    [snark off]

    When it all reaches terminal velocity, the next stop will be the 16th century.

  27. Final Doom says:

    Got SRS?

    “Fitch reported today the commercial real estate (CRE) values continue to decline giving rise to greater loan losses on CRE. On the average throughout 2009, lenders recovered 43 cents on the dollar on distressed loans. They see the loss rate only going up.”

    http://www.zerohedge.com/article/will-anything-stop-decline-cre-prices

  28. SysAdmin says:

    Help!

    Interested in a property in South Brunswick. The basement is finished – carpet, walls, ceiling, a partition to make seperate room with a door, lights.

    But no air-conditioning, heater or plumbing. Is it considered a finished basement?

    The current owner inherited it a few years ago and does not know if the previous owner got a permit to finish it.

    I spoke to a person(seemed knowledgeable) in the buildings department of south brunswick, who said, it would cost $75 to inspect per code(electrical, building and fire). Says, I need to get a licensed eletrician to check and make sure everything is according to the code and draw up a plan and submit. Once the papers are submitted and they are in order, it will take them 2 weeks to do the inspection.

    Any thoughts/suggestions, looking to close in August!

    Thanks

  29. Essex says:

    24. Get back to work. I need those T P S reports.

  30. Mr Hyde says:

    Knife 25,

    Verified it by filling up before leaving in the morning and again when i got to work. The manual calculation came out to 35 and change when the computer read 37. so the computer seems to be on target.

    Regarding the gumming up, already got whacked with that. I had to have my oil take up pipe replaced as it gummed up. VERY expensive repair.

    I have only ever used synthetic and o regular oil changes. But i bought it CPO so i cant say how it was treated before i got it.

  31. still_looking says:

    Doom,

    Thanks… back to work for me…

    No SS income, I will be working til they shovel me under.

    sl

  32. Mr Hyde says:

    Knife 25,

    The gumming issues makes doing an LPG conversion on the engine an interesting proposition…. Engines run cleaner and usually have less gumming up issues on LPG then gasoline.

    If the gumming up is due primarily to a poor oil distribution design then it wont help.

  33. Final Doom says:

    sl (31)-

    I promise to dig your grave, if you’ll help me with mine.

  34. Final Doom says:

    Stench of death in the air becoming more pronounced.

  35. Mr Hyde says:

    MMMMMMM I love the smell of death in the morning!

  36. Knifecatcher - Painhrtz says:

    Hell if your getting 35mpg on manual calc awesome. They changed the design in the 2.0T which we have. The issue was due to poorly design take up in the oil pan causing non synthetic to sludge and eventually kill the motor

    Love that engineered obsolescence.

  37. Mr Hyde says:

    Knife 36,

    I wonder if i could trade the engine back to audi for their analysis if they let me buy the Euro A4 i linked yesterday….

  38. Mr Hyde says:

    Knife,

    Any tricks to mitigating the gumming up issue????

  39. Mr Wantanapolous says:

    SL [23],

    FICA/SECA tax receipts plummeting. Yet, a bonehead pencil pusher asks what recession? Maybe the dolt works for BLS?

  40. Knifecatcher - Painhrtz says:

    Once fixed stay with synthetic, audi does the whole engine cleaning thing also. Where they flush the entire engine of oil and deposits.

    It is a great motor, aftermarket chip, exhaust and intercooler and it can easily reach 280HP, still have great daily manners, and get 30mpg on the highway.

    Scuk it chevy

  41. My stock A4 1.8T, with nothing modified has been getting an average of 35-37 MPG on my commute.

    My C30 does the same. Rated at 30 hwy but I get better than that on long cruises. Conversely, it does suck down fuel if you boot it.
    It may have more to do with how DOT (maybe NHTSA, not sure) calculates fuel economies and usage than anything else.

  42. Simply Ravishing HEHEHE says:

    Retail sales drop unexpectedly:) Who are they kidding? What did they think would happen after people gorged themselves with their tax refunds? CNBC etc are just plain ignorant people.

  43. Yikes says:

    Clot, my world cup picks are as follows:

    USA 2, England 1
    (USA gets out of the group play, wins 1, and then loses)

    Final 4: Brazil, Netherlands, Spain, Argentina

    Biggest disappointment: France

  44. Simply Ravishing HEHEHE says:

    Yikes,

    God Bless The USA!!!!

    http://www.youtube.com/watch?v=4Z1QtQETfZU

  45. d2b says:

    Any ideas what it costs to rescue a 16 year old from the middle of the Indian Ocean?

    http://abcnews.go.com/GMA/abby-sunderland-teen-sailor-found-alive-crisis-sea/story?id=10885107

  46. borat obama says:

    First

  47. borat obama says:

    Second

  48. Simply Ravishing HEHEHE says:

    Seriously Lee Greenwood in a USA Flag leather jacket singing God Bless The USA at a Sarah Palin Rally!!! “Country First!!!”

  49. borat obama says:

    Third

  50. borat obama says:

    Fourth

  51. borat obama says:

    Hi fiveeee

  52. Pat says:

    Ravishing, you don’t read a hellofalot of media reports about the $800 stimulus and where it went.

    I didn’t even realize we were still eligible for it, didn’t claim it, and so when it came, we just put it towards another week on LBI.

    Free vacations for everyone!

  53. Shore Guy says:

    ” Says, I need to get a licensed eletrician to check and make sure everything is according to the code and draw up a plan and submit.”

    If only for yourown peace of mind, before closing I would insist on an inspection and having the current owner obtaining the town’s blessing. If there are any issues you want them addressed before buying.

    We once had a deal fall through on a house we wanted because of problems in electrical “improvements” performed by the engineer owner.

  54. House Whine says:

    42- What did they expect to happen? Remember, this is a jobless recovery.
    Isn’t that kind of an oxymoron??

  55. Comrade Nom Deplume says:

    I think I am in the wrong end of this business. Here is a story on the ABA website about a guy I went to see speak a week ago.

    “Lawyer Quits Covington, Makes $12K a Speech

    Tax law partner Andrew Friedman quit Covington & Burling two years ago after spending 28 years at the law firm, but he isn’t hurting financially in his new occupation.

    Friedman is paid up to $12,000 a day, along with expenses, to give speeches explaining how laws and regulations affect investments, the Washington Post reports. The Value Added column by Thomas Heath calculates that Friedman made about $2 million giving more than 200 speeches last year.

    Friedman had “a good gig” at Covington, the story says, where he was “the go-to tax lawyer for the sports industry.”

    He told the Post that “my two choices were to sit at my desk and do the same thing for the next 15 years. Or I could go out and do something different.”

    +++++++

    Nice guy, we chatted a bit (I worked across the Ellipse at a competing firm, and we did some name-dropping), but what struck me was that he said many of the very same things that I, and others here, have been saying for years.

    I don’t profess to be in his league, but it occurs to me that when it comes to giving speeches, I can do that just as well.

  56. Shore Guy says:

    “Any ideas what it costs to rescue a 16 year old from the middle of the Indian Ocean”

    Sell the boat to help pay for it. It is a small price to pay for the rescue of one’s child.

  57. Shore Guy says:

    “Any ideas what it costs to rescue a 16 year old from the middle of the Indian Ocean”

    Sell the boat to help pay for it. It is a small price to pay for the rescue of one’s child.

  58. Anon E. Moose says:

    re Hyde-mobile;

    Manual Trans? That’s pretty amazing mileage considering its a Quattro. I used to get about 28-30 hwy @ 75-80 on the NY Thruway in my ’01 Passat (same engine, auto trans, FWD).

  59. Shore Guy says:

    “calculates that Friedman made about $2 million giving more than 200 speeches last year”

    Yea, but, he misses out on time cards and the collegial nature of modern law firms.

  60. House Whine says:

    55- Best thing is he no longer has to stress about whether he met his billables.
    I really don’t miss that aspect of the legal field one bit. Maybe you could write a book?

  61. Mr Hyde says:

    d2b 45

    read the article. People were claiming it was neglect/abuse and such to let their 16 yr old daughter try to circumnavigate the globe? I call that some serious parenting right there!!!!

    “Child abuse. Child endangerment,” said T.J. Simers, a sports columnist for the Los Angeles Times and father of two grown daughters. “I just don’t understand the idea of risking life. This kid’s going to be out there all by herself. Death is a possibility. Bad weather. Are you kidding me? Who’s responsible for this? She’s a kid.”

  62. Anon E. Moose says:

    Nom [55];

    You probably wouldn’t look good in white shoes.

    Seriously, groups would probably pay him $12k to read from the phone book at them because of the name on his resume. What does Clinton (or Palin) say that is worth 5-6 figures? Groupss are just renting the prestige of the speaker.

  63. Comrade Nom Deplume says:

    One thing Friedman did teach me in that speech was how to turn an ordinary IRA into a quasi-defined benefit plan by using annuities.

    But (a) he was there to help ML and Pru sell annuities, and (b) I did not see a tax benefit. Annuities grow tax deferred anyway. How is that a benefit other than as a tradeoff btwn risk and growth?

    To me, the neat trick would be if you can buy an annuity in a Roth IRA, and have the payout remain tax free. Something tells me the IRS would go apeshiite over that. But then, it may be worth exploring. And if it works, maybe I can get 12K a speech.

  64. Shore Guy says:

    “Death is a possibility.”

    Like when kids driving Rt 37 with Seaside on the minds, RT. 1, the Parkway, Turnpike, and into Philly and NY when 17 there is lesss chance of dying.

    God only knows how my friends and I survived long enough to reproduce.

  65. Mr Hyde says:

    Moose,

    Yes manual trans.

    shore, d2b

    “Any ideas what it costs to rescue a 16 year old from the middle of the Indian Ocean”

    I would guess, the answer is not that much, per the article, a fishing boat is going to divert and pick her up then finish its fishing tour. Even if they tow the sailboat with them the rest of the way, its not an entirely separate trip.

  66. Comrade Nom Deplume says:

    [62] moose

    Oh, I get that, and when I went to see Stephen Moore the week before, I felt as though he were simply using a canned speech. Again, nothing you couldn’t have learned reading this board.

    I did appreciate (and perhaps it is one of the goals of such sessions) getting some validation for our theories. Still, ATEOTD, they are only theories, and something tells me that Schabadoo, Jamal,plg, and a few others here would likely tell Friedman he is full of it, gravitas notwithstanding.

  67. Knifecatcher - Painhrtz says:

    Hyde 61, yeah bad parenting by instilling self reliance, a sense of adventure, and helping her to tray and achieve a goal.

    They would have been much better parents by letting her play video games or becoming the next Hannah Montana while wearing the word juicy across her A$$!

    These where the same people who thought the moon was made of cheese and the earth was flat. Don’t sail west Columbus, it is dangerous and you will fall of the edge of the world.

  68. Mr Hyde says:

    Moose,

    i used to get 30-32 MPG but over the last year it has crept up to 35-37. I’m not driving like a granny either.

  69. Shore Guy says:

    I believe that Quantas sent out a jumbo jet to do an air search.

  70. Comrade Nom Deplume says:

    [62] Moose

    “You probably wouldn’t look good in white shoes.”

    Nope, the grease from my guinea hair would probably stain their rugs, so they won’t be letting a 3rd tier law guy like me in.

    Course, once you work for the M&A shop in mid-town (rhymes with Baden), they take you a bit more seriously.

  71. Mr Hyde says:

    Knife,

    Lets update my alaskan proposal to a choice between circumnavigating the globe solo or being dropped in the alaskan outback.

    At least we wouldn’t have a problem with helicopter parents any more.

  72. Comrade Nom Deplume says:

    [7] doom

    “Perhaps a group of nutty conservatives can engineer some kind of stealth debt repudiation that hits the “reset” button.”

    It’s called secession. Last state to stay in the USA loses.

  73. Simply Ravishing HEHEHE says:

    Apparently we aren’t spending any money but we are confident.

  74. Comrade Nom Deplume says:

    [21] Doom

    Ha. True dat.

    No way you could get me to move to Wrong Island. NJ is bad enough but at least there are tax loopholes.

  75. Knifecatcher - Painhrtz says:

    Hyde I feel like we should just drop the parents in the middle of no where then maybe the kids could finally be educated without the impediment of their mouthbreathing parents.

  76. Mr Hyde says:

    Nom,

    It’s called secession.

    There is no way that happens without some sort of armed confrontation occurring. Even if its a minor event, a half hearted show of force, no FED is going to let one of or multiple states just walk.

  77. Comrade Nom Deplume says:

    [59] shore

    “Yea, but, he misses out on time cards and the collegial nature of modern law firms.”

    Which is why I concluded that law firm partners are either (a) masochists or (b) sociopaths. And these are not mutually exclusive.

    Learned yesterday that one of our counsel-level attorneys is leaving to go in-house. I’m so jealous.

  78. Comrade Nom Deplume says:

    [76] hyde

    We aired this topic out a while ago. Won’t work unless you have a seriously weakened federal government. Think Russia when they locked up Gorby, or Pakistan, which can’t control whole areas of the country.

  79. Comrade Nom Deplume says:

    [23] still

    No, nothing to see here. Go back to sleep. All is well.

    My favorite line: “These lines were not expected to cross for at least another five years. . . ” I thought we had another five years also. I expected us to be in this shiite in 2015.

  80. Letarded Libtardian says:

    heck, these “unexpected” economic news have skyrocketed since early 2009. In wonder why?

    Reuters:
    “Unexpected decline in retail sales fans recovery fears”

  81. Bystander says:

    I gave up on home purchase this year three months ago when prices were not dropping and I saw relists at 2006 prices. Today I decided to look at the homes on my list. All still on the market, no signficant drops (one went down $10k..bid deal)but realtors are going bonkers with open houses. I don’t get it. Why would a realor waste his/her time every week for two hours when the house has been on the market 10 months. It is obvious that price reduction is necessary. Are they just bored on the weekends?

  82. Bystander says:

    ..perhaps Annette Benings’s character in American Beauty was not far from reality??

  83. Comrade Nom Deplume says:

    This may be worth watching . . .

    http://www.cnbc.com/id/37615652

    No, not Cramer or Coburn, but the liquidity issue they are discussing.

  84. Mr Hyde says:

    Bystander

    The realtors are all out banging Doom during the middle of the day while hubby is at work and the kids are at school?

  85. Knifecatcher - Painhrtz says:

    Who’s the King?

  86. Mr Hyde says:

    Nom

    Coburn wants to spend more than $2 trillion, too, he said. He’s pushing for another $1.6 trillion to bail out Fannie Mae and Freddie Mac as a way to help keep struggling homeowners from defaulting on their mortgage

    So they want to borrow the money to continue to prop up housing???? Hey whats good money after bad right? That would also mean another 2 years until we see how low the market goes without artificial floors in place.

  87. Simply Ravishing HEHEHE says:

    BREAKING NEWS:

    THE “SITUATION” IS IN HOBOKEN TODAY

    http://www.nj.com/hobokennow/index.ssf/2010/06/jersey_shores_the_situation_to.html

  88. Comrade Nom Deplume says:

    [86] hyde

    That’s one aspect. Just like banks, the fed has to let the air out slowly (or as I put it back then, put the body down gently).

    Also, the idea that we could be faced with future borrowing costs that are much greater than today’s is another takeaway.

  89. still_looking says:

    Nom, 79

    Thanks… I feel so… er, uh, um, what’s the word?… oh. right, Comforted!

    What exactly happens when a country defaults it’s debt? I’m just wondering if I will still be able to get dunkin donuts coffee beans and scotch?

    sl

  90. Comrade Nom Deplume says:

    This is from a tax piece I read, written by a liberal policy wonk:

    “Considered alongside other proposals to change tax rates and capital gains treatment for high-income earners, these tax proposals in the Obama administration’s budget suggest a significant policy shift to redistribute resources down the income scale.”

    Ya think?

    I will give props to this administration and the left: They make no pretense about their desire to take from those who earned to give to those who haven’t, and have further dropped all the “social justice” nonsense (but still reflexively refer to it as “fair”, a term that they have NEVER been able to back up objectively).

  91. Comrade Nom Deplume says:

    [89] Still

    Course you will. I am stockpiling both.

    You can barter your medical services for them. I won’t make you take chickens.

  92. Comrade Nom Deplume says:

    [91] still

    And remember, you have Hope and Change.

    There. Comforted again?

  93. Comrade Nom Deplume says:

    [89] still

    “What exactly happens when a country defaults it’s debt?”

    Argentina

  94. Mr Hyde says:

    Nom 90

    Is “fair” because society failed them. if society had done its job then there would be no poor, no low income groups, and we would all be of equal height, equal intelligence, and equal physical beauty.

    future borrowing costs that are much greater than today’s
    I think an eight grader with basic finance could figure that out by this point.

  95. Comrade Nom Deplume says:

    And has anyone really focused on the etymological irony of a country named “argentina” that is chronically short of lucre????

    Or is it just me?

  96. Mr Hyde says:

    Nom 93

    or russia in the 98 currency crisis

  97. Comrade Nom Deplume says:

    [94] hyde

    “if society had done its job then there would be no poor, no low income groups, and we would all be of equal height, equal intelligence, and equal physical beauty.”

    Thank you, Mr. Handicapper General.

    On that note, back to the grindstone. Someone has to make it appear that we can fund this debt.

  98. Mr Hyde says:

    Nom,

    I get lucra as ‘Shameful gain”, but dont get where the term argentina comes in. Does that name have some root it came from?

  99. Shore Guy says:

    Anf Karzhi is willing to place the future of Afghanistan at the mercy of negotiations with the Taliban? Good luck getting those miscreants to live up to their obligations. (from the Google News front page):

    Taliban Hang ‘Spy’ – Age 7
    FOX News – 32 minutes ago
    A 7-year-old boy was murdered by the Taliban in an apparent act of retribution this week.

  100. Shore Guy says:

    “ont get where the term argentina comes in.”

    The root is Greek.

    And, as Michael Constantine said in My Big Fat Greek Wedding, “And there you go.”

  101. Shore Guy says:

    ““What exactly happens when a country defaults its debt?”

    The lenders get hosed and the borrower begins amassing new debt just as soon as the markets allow.

  102. Mr Hyde says:

    Nom,

    You might find the movie “Harrison Bergeron” interesting. Its an adaptation of a Kurt Vonnegut short story. I think the full video is on youtube

  103. Shore Guy says:

    “(but still reflexively refer to it as “fair”, a term that they have NEVER been able to back up objectively).”

    To B.H.O., fair is what enhances the lives of thw people who voted for him and reduces the ability of those who voted against him to fund future opponents.

  104. Shore Guy says:

    “THE “SITUATION” IS IN HOBOKEN TODAY”

    Is “the Situation” a euphemism for the clap or something similar?

  105. Nomad says:

    #25 – Audi – MPG – that engine had some sludge issues. I believe Audi extended the warranty to cover – thought 100k. I would doubt that it is really running high 30 MPG – unless over inflated tires and interior stripped out along with spare and other thing to take out weight. Great car though – used to track mine – lots of fun.

  106. Shore Guy says:

    Masochist, Sociopath, and Minions, LLP

  107. Shore Guy says:

    I am not a tinfoil hatter but, it sure seems like there is some kind of effort to keep the Dow above 10m.

  108. Mr Hyde says:

    Shore,

    Dow 10,800 – 11,000 here we come!

  109. Final Doom says:

    If every game of the WC is as good as the first one, I’m not getting a lot of work done for a while.

  110. Nicholas says:

    You fuel economy comes from the manual transmission. The auto companies only do mpg ratings for automatics which have a worse fuel economy than a manual transmission.

    The automatic transmission weighs 200lbs + the automatic transmission fluid wieght. A manual is 100lbs which includes the gearbox grease. A good driver with a manual can often best an automatic transmission on fuel and power control. You can anticipate turns where an automatic can’t, you can anticipate long descents and climbs or quick stops.

    In a small compact car an automatic transmission can add up to 10% more weight to the car. With that extra weight the engine needs to be larger to get the same performance or “feel” out of the vehicle. The larger engine uses more fuel all around.

    There are just too many benefits to manual transmissions. I would never go back to using an automatic unless I was a cripple.

  111. Sas3 says:

    Cindy #8… Flopping.

    From the article, it costs about $50 million a year in losses for the lenders. The figure is similar to what Goldman skims off its clients in, say, 15 mins?

    S

  112. Final Doom says:

    The concept of double down enters modern portfolio management theory:

    “As we reported previously, the Scottish Widows Investment Fund, which is a top holder of BP stock, has lost about $70 million in its BP holdings over the past month. One would think that faced with such a drubbing the portfolio manager would decide it is time for risk off and either take the position off or diversify. One would be wrong. As seems to be the default case these days, when in doubt, and when losing tons of money, double down. After all the US government itself has now gone all in on in the Ponzi’s last days, why should anyone else do the prudent thing? Reuters reports that among the bond managers gulping up BP bonds in chase of bargains, is Roger Webb, investment direct of SWIP (Scottish Widows Investment Partnership). “We think the dollar bonds in particular look quite cheap — ultimately we are happy to get to an overweight position.” And what heartless president would ever say “die” to a company in which an entire nation’s widow population is invested and likely to lose their retirement funds, even if it means that no actual saltwater is left in the Oil Blob formerly known as the Gulf of Mexico.”

    http://www.zerohedge.com/article/scottish-widows-have-not-had-enough-pain-double-down-bp-exposure

  113. Nicholas says:

    http://www.kitcarmag.com/techarticles/0311_manual_automatic_transmission_tech/index.html

    Keisler Automotive Engineering is a leader in application-specific, modern-technology five- and six-speed manual transmissions and systems. Its founder, Shafi Keisler, believes manual is the way to go. He said, “We sell lots of transmissions to kit car builders who understand that you put 15 to 20 percent more power to the ground in a manual than in an automatic, as there is very little parasitic loss in a manual trans system. Heat is parasitic loss, plus you link power to the ground instantly in mechanical coupling (manual) as opposed to hydraulic coupling (automatic). Another key point is that our trans is 99 pounds lighter than an automatic, and some automatic systems weigh as much as 200 pounds more. When you are dealing with a 2,250-pound kit car, that weight is significant.”

    He added, “With manual, you get more flex in gearing, deeper First gear (if you like it), and taller overdrive. Our overdrives range from .8 to .5. That is a 20 to 50 percent reduction in rpm. Typical for automatics with overdrive is 16 percent. With modern hydraulic systems, it is very easy to couple the floor pedal to clutch fingers, so gone are the days when you had to fabricate complex mechanics. Your car will run cooler (with a manual) so there’s no need for a tranny oil cooler. And with shifter position flexibility, we have 15 shifter positions available to suit any car requirement.”

    Keisler Automotive Engineering puts out five-speed and six-speed transmission systems with multiple shifter locations. Multiple shifter locations can supply an appropriate system for any kit car or engine.

    The amount of horsepower and torque under the hood is another consideration. Knowing the differential gear ratio and the height of the rear tires on the car also comes into play when choosing the right transmission. The transmission and rearend ratios work together to calculate the final drive ratio. The size of the tire affects the overall speed of the vehicle. All of this is important in determining the rpm the engine turns when cruising down the road in high gear.

  114. Letarded Libtardian says:

    Shore,

    >7-year-old boy was murdered by the Taliban in an apparent<

    No prob, we still have good allies in the muslim world:

    “Rome – The head of the Roman Catholic Church in Turkey, killed last week by his driver, was decapitated in a “ritual Muslim sacrifice,” the head of a missionary news agency said on Tuesday. ”

    Now what is needed by the “smart diplomacy” administration, is to demand an international UN-led inquiry on racist and violent Israel.

  115. Final Doom says:

    What is needed is a carpet nuking of the entire Islamic world.

  116. Shore Guy says:

    “f every game of the WC is as good as the first one, I’m not getting a lot of work done for a while”

    What kind of water closet games are you playing in your office? On second thought, don’t answer that.

  117. Shore Guy says:

    Essh! Tim “the Toolman” Taylor meets Cyote Ugly:

    “http://wap.cbsnews.com/site?sid=cbsnews&pid=sections.detail&catId=TOP&storyId=6572203”

  118. jj says:

    would you be happy if they waited till he was 17?

    >7-year-old boy was murdered by the Taliban in an apparent<

  119. Shore Guy says:

    From CBS News:

    “Case Worker For Starved Pa. Teenager Gets 11 Years

    Jun. 11, 2010

    PHILADELPHIA (AP) – A social services case worker must serve 11 years in prison for failing to visit a disabled teenager who starved to death while under her mother’s care. A judge said Friday that Julius Murray was supposed to be the safety net as a long list of people failed 14-year-old Danieal (dan-YELL’) Kelly. Murray is one of nine employees from a social-services company convicted in the case. Murray has pleaded guilty to illegal immigration charges and still faces a state trial on involuntary manslaughter charges in Danieal’s 2006 death. The girl’s mother is serving time for third-degree murder. U.S. District Judge Stewart Dalzell compared the fraudulent culture at the MultiEthnic Behavioral Services contract company to the complicity displayed by Nazi Party members”

  120. Shore Guy says:

    John,

    Yes.

  121. relo says:

    Summer is a very popular time for the Europeans to visit FL (euro aside). You can likely find some real bargains if you don’t mind the oil as friends tell us that cancellations are rampant.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aEFd_tEj12BI&pos=9

  122. Jamal Van Jones says:

    I would never go back to using an automatic unless I was a cripple.

    It sucks in stop-go traffic on a slope, though.

  123. chicagofinance says:

    Bullshite! You flop more than Reggie Miller….

    Final Doom says:
    June 11, 2010 at 8:17 am
    Cindy (8)- Flopping has been happening since Day 1 of this crisis. I’ve personally turned down two invitations within the past six months to join flopping schemes.

  124. chicagofinance says:

    Final Doom says:
    June 11, 2010 at 8:57 am

    Cindy (14)-

    6. Inbred Brooklyn culture….

    I refer to Long Island as Galapagos Island.

  125. RentinginNJ says:

    Atlantic City’s 11 casinos saw their revenue fall by 9 percent in May compared with a year ago.

    I was in AC last weekend. I was surprised by how slow it was.

    We got a last minute deal for a room at the Taj. We were upgraded to a suite in the new tower. Clearly they had lots rooms to fill.

    The low-rent slots were packed with the usual delegation of chain smoking seniors taking in the bus for the day.

    Aside from the buffet, the restaurants were empty. We asked some of the employees, who blamed it on the “after memorial day weekend slowdown..everyone was out last weekend” I guess we’ll see.

  126. chicagofinance says:

    Mr Hyde says:
    June 11, 2010 at 8:57 am
    Follow up to 19.
    It an 02 A4 1.8t QUATTRO

    #1 stick?
    #2 premium gas?
    #3 not impossible that odometer is fcuked

  127. chicagofinance says:

    I see the benes of these guys….outrageous…

    HOWEVER – best all time was a guy from NOAA…blew away any of the other stuff….they even gave part of his pension to his kids if he got clipped and his wife got clipped before kids are 22.

    Outofstater says:
    June 11, 2010 at 9:02 am
    What is the current value of a public employee’s benefit package over his/her lifetime? Pension, free medical and whatever else they get. Add in not just the cost of the insurance premiums, but the estimated $ the insurer would have to pay out on behalf of the employee. I bet it’s a bundle.

  128. dan says:

    Why are you talking about the Taliban, BP or World Cup when there’s a real crisis?

    Snooki’s freaked out about the 10% tanning tax!!!!

    http://blogs.wsj.com/metropolis/2010/06/10/jersey-shores-snooki-bashes-obamas-tanning-tax/

  129. hughesrep says:

    128

    Snooki just better hope they don’t tax Valtrex.

  130. implosion08 says:

    Clot – I think you could start a quite successful business, writing and selling anti-greeting cards to be sent to people that someone despises. You have a gift for dark tidings. I would buy a bunch to send to just about every politician.

    All true on Long Island unfortunately. We moved there for a job opportunity and the best I can say in its defense is that the traffic is second worst on the planet (Los Angeles). You forgot to add that it has the crappiest collection of overpriced homes known to mankind. NJ is paradise compared to L.I.

  131. Knifecatcher - Painhrtz says:

    129 Hughes or run out of penicillin

  132. dan says:

    implosion,

    I think Clot has some potential there. He could advertise on the Glenn Beck show at 2am to all those tea partiers. Instant money-maker!!!!

  133. dan says:

    The company name – FinalDoommark(R)

  134. Comrade Nom Deplume says:

    [102] hyde,

    “You might find the movie “Harrison Bergeron” interesting.”

    Where do you think I got the idea?

  135. chicagofinance says:

    Using Sex To Sell Japanese Government Bonds
    http://www.cnbc.com/id/37641280/

  136. Comrade Nom Deplume says:

    [104] shore guy

    “Is “the Situation” a euphemism for the clap or something similar?”

    And you dare to call yourself Shore Guy??????

    Even I know who The Situation is.

  137. Comrade Nom Deplume says:

    [121] relo,

    My dad has a place in Naples. I don’t know if he holds it outright or has a mortgage. If the latter, I am already working on the possible question about strategic default if the entire GOM becomes GOO.

  138. Mr Hyde says:

    CHifi

    the mileage is indeed aberrant, thats why i asked. Its a manual and i run premium in it. No modifications. I verified the MPG buy doing a manual calculation. I figured there might be some sort of engine problem that might cause something like that that i wasnt aware of.

    I only get that mileage in long distance highway cruising.

  139. Comrade Nom Deplume says:

    [98] hyde

    Argentina. Root word is argent

    “Argent: late 15c., “quicksilver,” from M.Fr. argent, from O.Fr. (11c.), from L. argentum “silver, white money,” from PIE *arg-ent- (cf. Avestan erezata-, O.Pers. ardata-, Armenian arcat, O.Ir. argat, Breton arc’hant “silver”), from base *arg- “to shine, white,” thus “the shining or white metal, silver” (cf. Gk. argos “white,” arguron “silver;” Skt. arjuna- “white, shining,” rajata- “silver,” Hittite harki- “white”)”

    And then there is history:

    “The world Argentina comes from the latin word for silver, argentum. The history of the name goes way back to some of the first voyages that were made by the Spanish expeditionists to the River Plate Region. Survivors of a shipwrecked expedition, Led by by Juan Díaz de Solís, discovered indigenous people in the of Argentina who he gave silver objects as gifts. News of the Incredible Sierra del Plata – a mountain that is rich with silver – got to Spain in about 1524. After that the Spanish called the river of Solís, Río de la Plata ( The River of Silver).”

    The country is named for hard money assets. And they are famous for just the opposite.

  140. Pat says:

    cf, I can’t figure out why NAR isn’t using sexier ads to push overall housing sales.

    You try and try and try and nobody gets it.

    I could write those ads in my sleep and get tosh to take the pics. Would even do a special series for those like clot who need a little more heavy in their metal and a touch of whip in their cream.

    Together, we two midgets could turn this entire mfer of an economy around.

  141. relo says:

    137: Nom,

    If Pops has a mortgage and is paying currently, he is the only one. Without tourism, that place is Detroit w/ sand.

  142. jj says:

    where on Long Island?

    I don’t actually understand the traffic arguement at all.

    I take train to city up the block from house so I don’t drive to work. When I go to sports I take train. Only time I drive is for errands near my house. I usually put 600-900 miles a year on my car. School, Church, Bank, Restaurants, coffee, bagels, post office, train, bars all walking distrance from house. Yea LIE is crowded but with Jersey folk visting.

    implosion08 says:
    June 11, 2010 at 1:32 pm
    Clot – I think you could start a quite successful business, writing and selling anti-greeting cards to be sent to people that someone despises. You have a gift for dark tidings. I would buy a bunch to send to just about every politician.

    All true on Long Island unfortunately. We moved there for a job opportunity and the best I can say in its defense is that the traffic is second worst on the planet (Los Angeles). You forgot to add that it has the crappiest collection of overpriced homes known to mankind. NJ is paradise compared to L.I.

  143. Anon E. Moose says:

    Hyde[138];

    Per chifi [126] try clocking your speed/od v. GPS.

  144. Mr Hyde says:

    Moose ‘

    that wouldnt change anything.

    I check ed the mileage manually by filling the tank up (filled it myself). Drove a known # of miles. Filled the tank again. Miles / Gallons = MPG

    My speedometer/odometer have no effect on the manual measurement.

    Its nothing to argue over. I wasnt trying to prove anything just wondering as it seemed out of the ordinary….

    I have checked my speedometer against my GPS and they tend to be pretty close.

    Enough about gas mileage. I want to hear more about the sexy housing ads that Pat is planning

  145. jj says:

    Naples has no tourism anymore, not with globs of oil going there. A conference I was planning for fall down there the twon offered us 5k if we did not cancel it as they need the business. They are paying people to hold conferences there, on top of that hotel knock 3k off our 2006 price.

    relo says:
    June 11, 2010 at 2:29 pm
    137: Nom,

    If Pops has a mortgage and is paying currently, he is the only one. Without tourism, that place is Detroit w/ sand.

  146. Pat says:

    See.

    Gotcha.

  147. reinvestor101 says:

    I monitor terrorist activity in a variety of places on the damn internet. There are two damn terrorists that I can’t stand. These two damn people remind me of evil Clot twins and as far as I’m concerned, all three of these damn terrorists need to be detained. I hate these damn fools Gerald Celente and Alex Jones. Half of the shlt they talk about is the same crap I read here from the damn radical commie socialist militant terrorist element. Neither one of them is a true rock ribber and the only thing I agree with is the hate of that liberal douchebag Chris Matthews.

    http://alexjones101.blogspot.com/2010/06/gerald-celente-on-alex-jones-show-wed.html

  148. relo says:

    Hyde: Stop bragging about your gas mileage already. It is unseemly.

  149. Comrade Nom Deplume says:

    [140] pat

    Stop it, you’re getting me hot.

  150. Pat says:

    Would you guys all please stop thinking about sex and naked women in empty houses and get back to work?

    You’re freaking me out.

    It’s like an internet mental tidal wave.

  151. Pat says:

    Nom, I swear I didn’t read your post before I hit submit.

  152. relo says:

    150: Pat, too late.

    Nom, this is the currency realtors will use in your barter scenario when Clot’s 16th century nightmare arrives.

  153. Comrade Nom Deplume says:

    [147] 101

    You must find a target-rich environment over at Daily Kos, Huffpost, or firedoglake.

    They may be up to something. Better check on it.

  154. Knifecatcher - Painhrtz says:

    Hope they all go to California, Sorry Cindy

    http://news.yahoo.com/s/csm/307229

  155. Mr Hyde says:

    Pat

    How about you have some Budweiser ( or other various beer brand) models host some open houses?

  156. Comrade Nom Deplume says:

    [152] relo

    In Clot’s 16th Century vision, there are no realtors.

    There are, however, serfs. And the idea of having a harem at the Nompound is really . . .Oh, sorry Pat. Musta drifted off there.

  157. Mr Hyde says:

    Knife 154

    Nearly 100,000 illegal immigrants left Arizona after it passed a 2007 law that penalized businesses that hired them, according to the Department of Homeland Security.

    Thats a bad thing?

  158. Comrade Nom Deplume says:

    [154] knife

    Yes, they should all go to Los Angeles, the city that fought so hard to keep them unmolested in Arizona.

    That’d be fun to watch.

  159. Anon E. Moose says:

    Hyde [144];

    Well, you’re right it was out of the ordinary. The suggestion was that if the “known number of miles” is ‘known’ because its what the OD tells you, then if the OD is undercounting your mileage will be higher. Speed and OD are also linked, so if the OD is undercounding miles its probably also under counting speed. Been pulled over lately? ;-) (“Honestly, officer… my speedometer said I was going 55!”)

    This conversation has convinced me that I will replace my train car with a manual trans. But you’re right, enough about that.

    Want to talk about sex & real estate? How about the former pole-climber used house sales babe gives my a *$%& *@$ on the walk-through and I’ll make a lowball offer, but a non-negotiable term is that the seller’s wife has to bend over the closing table for me.

  160. Comrade Nom Deplume says:

    [158] redux

    In fact, conservative groups should charter busses to take them to Los Angeles. That would be a hoot.

  161. chicagofinance says:

    Moose: I had an old Honda where the odometer start going off. Anyway, the thing about Audi’s (I have basically the exact car that Hyde does) is that they have the most incredible amount of dumb shite break. A fcuked up digital odometer qualifies under DS…

  162. meter says:

    Here’s hoping France doesn’t get out of Round 1.

  163. Knifecatcher - Painhrtz says:

    Nom – LA, gang violence and liberalism perfect together.

  164. Devil's Advocate says:

    For those that have been arguing on a pro/con public employee debate. I just picked up the following, whihc makes clear that privatization of government services is not a panacea.

    I personally dealt with Social Workers in Florida in relation to a relative and it was a nightmare, as Jeb Bush contracted out to private non-profits which use for-profit management companies. And being from NJ I was able to pick up the stench of corruption right away when this for-profit management companies turned out to be the biggest donors to the guling GOP party.

    In short you trade union influence and power for corporate influence and power.

    Just look at the two comments below and compare:

    Shore Guy says:
    June 11, 2010 at 12:55 pm
    From CBS News:

    “Case Worker For Starved Pa. Teenager Gets 11 Years

    Jun. 11, 2010

    PHILADELPHIA (AP) – A social services case worker must serve 11 years in prison for failing to visit a disabled teenager who starved to death while under her mother’s care. A judge said Friday that Julius Murray was supposed to be the safety net as a long list of people failed 14-year-old Danieal (dan-YELL’) Kelly. Murray is one of nine employees from a social-services company convicted in the case. Murray has pleaded guilty to illegal immigration charges and still faces a state trial on involuntary manslaughter charges in Danieal’s 2006 death. The girl’s mother is serving time for third-degree murder. U.S. District Judge Stewart Dalzell compared the fraudulent culture at the MultiEthnic Behavioral Services contract company to the complicity displayed by Nazi Party members”

    chicagofinance says:
    June 11, 2010 at 1:16 pm
    I see the benes of these guys….outrageous…

    HOWEVER – best all time was a guy from NOAA…blew away any of the other stuff….they even gave part of his pension to his kids if he got clipped and his wife got clipped before kids are 22.

    Outofstater says:
    June 11, 2010 at 9:02 am
    What is the current value of a public employee’s benefit package over his/her lifetime? Pension, free medical and whatever else they get. Add in not just the cost of the insurance premiums, but the estimated $ the insurer would have to pay out on behalf of the employee. I bet it’s a bundle.

  165. Mr Hyde says:

    CHifi,

    Will double check the odometer against GPS my hiking handheld gps instead of the GPS i have in the care and see what sort of difference i get.

  166. Knifecatcher - Painhrtz says:

    Hyde hiking with a GPS, you just lost points. military compass or dead reckoning only

  167. Mr Hyde says:

    Knife,

    I use the GPS for mapping trails when mountain biking. Save the routes then lay them over a topo map.

  168. Knifecatcher - Painhrtz says:

    Wow Hyde sarcasm filter off today, busting your chops bud. FYI since I have always ridden in Passaic county any thing decent in Morris? Wife and I need to get back in shape. Closing is next Friday

  169. Shore Guy says:

    WTF is happening to my Big 12 Conference? It was okay losing Colorado, heck, we would have done well to get rid of them in the Big 8 days, but yeesh, Nebraska? I used to love walking onto that field. It was a great stadium, even if the visitor’s locker room sucked.

  170. Comrade Nom Deplume says:

    [166] knife

    Dead reckoning or a topo map. Compasses are for p-ussies.

    And mtn. biking in Jersey is puss as well. No fun unless you get muddy and bloody.

  171. Mr Hyde says:

    Nom 170

    Try ridding section of alamuchy or ringwood

  172. hughesrep says:

    169

    Better football and academics in the Big 10(12). And the pay is better in the Pac 10(11).

  173. Shore Guy says:

    “target-rich environment”

    That is how we used to describe several of the clubs in Seaside back in the 70s and early 80s. Gosh, I miss the old Chatterbox.

  174. reinvestor101 says:

    Comrade Nom Deplume says:
    June 11, 2010 at 3:12 pm

    [147] 101

    You must find a target-rich environment over at Daily Kos, Huffpost, or firedoglake.

    They may be up to something. Better check on it.

    Bullspit. There’s a hell of a lot going on right here on the damn blog and it damn sure needs to stop. I’ve reported all of you damn radical militant subversive commie socialist damn terrorists to the damn authorities.

  175. Comrade Nom Deplume says:

    All this talk about audis makes me wish I put my foot down and refused my wife’s request to trade in our audi. When my toyo goes off lease, it will be winter, and I will need a train/Newark car. If I off-roaded the audi, I could have used that, and the cost would be the space I lose in the garage.

    For what I got in trade, I would gladly have just run it into the ground and salvage yarded it when it failed inspection.

  176. Comrade Nom Deplume says:

    [174] 101

    Coulda saved you some ink. They already have extensive files on me at the FBI.

    I know, I helped to fill them.

  177. Shore Guy says:

    I suspect the Big 12 is history by the end of next week. Texas and OU are going to bolt for the Pac 10 as it blows open recruiting and either UT or OU can run roughshod over the leftcoasters. When OU and UT go, after losing Nebraska, there is no viable TV contract. KU brings some strength for BB ratings and recently KSU as well.

    With Nebraska out, and the Big 10 already having Iowa, Iowa State will be in a position of needing to beg to enter the Big 10, and that lives Mizzou a former Big 12er close to Illinois, Iowa, Iopwa State and well east of Nebraska, so Mizzou likely bolts as well. Where the two Kansas teams end up is anyone’s guess. With the absurdity of so many leagues now, maybe the Big East, lol.

  178. Mr Hyde says:

    Knife,

    Its friday…. I need a Guinness

  179. Shore Guy says:

    Nom,

    Ahh, another appointee, I see.

  180. chicagofinance says:

    Comrade Nom Deplume says:
    June 11, 2010 at 4:00 pm

    For what I got in trade, I would gladly have just run it into the ground and salvage yarded it when it failed inspection.

    nom: I heard something about NJDMV doing away with the inspections because of budgets cuts….does anyone know?

  181. hughesrep says:

    177

    It’s all about TV deals and money now. As it stand right the Big Ten Network gets 88 cents per subscriber in their geographical region, and 5 cents per subscriber outside their region. If the enlarge the region, they get more money. It came to just under $20 million per school last year.

    The Big Ten won’t take Iowa State, they don’t need them. If they add a few more teams they are likely to get Rutgers, they want the NY TV market, like anyone really cares about Rutgers football.

    And If they help blow up the Big East then Notre Dame, who is their real football prize, has to come to them. Mizzou is a possibilty for the KC TV market, but I think Nebraska covers that for them.

  182. Shore Guy says:

    Ket,

    If you mean a Guinness like this, I hear ya:

    http://www.telegraph.co.uk/fashion/6074951/Daphne-Guinness-golden-girl.html

  183. Shore Guy says:

    A tall draw,I will leave it to John to comment on any head:

    http://i.telegraph.co.uk/telegraph/multimedia/archive/01467/Guinness_1467360c.jpg

  184. Comrade Nom Deplume says:

    [171] hyde,

    Try Northern N.E. Puts anything around here to shame.

    That said, I haven’t shredded single track since well before my Gary Fisher got stolen in Phila. years ago. And I don’t think my specialized is good enough for some of the Northern N.E. riding I used to do. So put me in the puss-y category, I guess.

  185. Juice Box says:

    ROLF!

    N.J. Gov. Christie hesitates to approve $100M homebuyer tax credit

    A bill that would give out $100 million in tax credits for homebuyers has cleared the legislature, but Gov. Chris Christie is hesitant to sign it.

    “It’s a nice idea to help stimulate home buying in New Jersey,” said Christie spokesman Michael Drewniak. “It comes at the right time in that sense, but it’s the wrong time in that we simply don’t have the money to spare for the tax credit. The sponsors of the bill are aware of that. We are open to ideas, but that’s a real problem.”

    The bill would give tax credits worth either $15,000 over the course of three years or five percent of the home purchase price, whichever is less, on a first come, first serve basis. Three-quarters, or $75 million, would be set aside for newly constructed homes, while $25 million would be for previously occupied homes. It passed the state Senate 38-0 on Thursday and 67-8 in the Assembly last month.

    Assembly Budget Committee Chairman Lou Greenwald (D-Camden), a sponsor, said the bill would more than pay for its $100 million price tag by spurring a sector of the economy that will generate tax revenue.

    “I’m dumbfounded because the governor is better than this,” he said. “Every major industry that’s been associated with this has shared information with them in the front office…It will not only cover the credit, but it will exceed it.”

    http://www.nj.com/news/index.ssf/2010/06/nj_gov_christie_hestitant_in_a.html

  186. Comrade Nom Deplume says:

    [178] juice

    Wow, very cool.

    I know nothing of soccer, but it seems to me that the A-C groups have at most 1-2 stronger teams, and if the US gets by England, they could make a run of it.

  187. Mr Hyde says:

    I believe it was Will Work For Beer, who gave me the beer suggestions for Guinness type beers last weekend.

    I am off to acquire one of those fine selections… will report back later this weekend!

  188. Sas3 says:

    Nom, I wonder how many would be cheering for England against France around the July 4th Weekend?

    In last WC, during Dubya’s time, it was almost considered patriotic to do so.

  189. Juice Box says:

    Comrade – A number of U.S. players play now in the English League, so they may have a good chance.

    The U.S. and England are the odds on favorites to advance from Group C, with the victor on Saturday getting an early leg up.

  190. Sas3 says:

    Nom, Mexico has been US’ bunny for a long time (term from cricket world), but they are in the wrong group. There’s 50 pct chance that US will face Germany…

  191. jj says:

    Yep got rid of inspections from NJ state. Most new cars are expempt. Plan is to let Gas stations do it like NY for older cars and we know how that works.

    Six pack on hood and wink of eye!

    chicagofinance says:
    June 11, 2010 at 4:17 pm
    Comrade Nom Deplume says:
    June 11, 2010 at 4:00 pm

    For what I got in trade, I would gladly have just run it into the ground and salvage yarded it when it failed inspection.

    nom: I heard something about NJDMV doing away with the inspections because of budgets cuts….does anyone know?

  192. Mr Wantanapolous says:

    Shore [169],

    Luv the Husker women. My older brother went to ND, his roomate’s sister, from Nebraska, was a ND cheerleader. Must have been Morgan Fairchild’s twin. Was there for ND-USC, I was about 12. I heard so much talk of John Deere. I thought he was a running back for USC.

    Did you play against Turner Gill? By the way, did you beat the Huskers 10-7?

    http://lhswca.org/lhswca/Issues/Images/Morgan%20Fairchild%20Bartender.jpg

  193. Pat says:

    john never gets stuck behind a stinking, smoke-blowing, polluting car. Train hoe.

  194. Sas3 says:

    jj #194… My old clunkers passed inspection after an “engine repair” to get the car to pass inspection [about $75 for inspection plus another $50 – $100 for “repair”]. The tough part was to patiently listening to the formal explanation of the repair specifics. Recent clunker (160k+) managed fine at the public inspection place though.

    The Indian-owned stations weren’t willing to do those “repairs” though.

  195. jj says:

    You should have seen the pos I used to get past in college. Funny story dated this girl who was insanely smoking hot but Dad and Mom was piss piss poor, anyhow my clunker would pass his would not and his mechanic refused and it needed a ton of work. So I take this pos 66 4 door nova to my guy, think is blowing smoke like no tommorrow almost choked up gas station. Guy shoved exhuast test in caddie next door and I drove it home, what a pos, guy was cool though one pos I had I could only pay half the bill so he threw other half on mercedes in front of me and said I am off hook if sucka pays

    Pat says:
    June 11, 2010 at 4:59 pm
    john never gets stuck behind a stinking, smoke-blowing, polluting car. Train hoe.

  196. Comrade Nom Deplume says:

    [198] jj

    I’ll do you one better. In college, I used to get my inspection stickers in the mail from my dad.

  197. Comrade Nom Deplume says:

    [191] sas3

    Although despising France is a recent phenomenon (really only since De Gaulle), it is always patriotic to root against France, esp. if they are playing Mother England.

    Last time in France, a shuttle driver asked me what Americans thought of the French. I told him, same thing the French think about Americans.

    He did not look as though he liked that answer.

    I am usually diplomatic about it though, especially when the subject of WWII comes up. I tell the french that I agree with the sentiment that, if it weren’t for the US, there would be no France. But I also concede that, if it werent’t for France, there would be no US.

  198. Comrade Nom Deplume says:

    [195] BC

    “I thought he was a running back for USC.”

    The University of Saddened Cheaters?

  199. Bystander says:

    Nom,

    Plus, Frenchies were complaining about a handball against Uruguay when a handball is precisely what got them past my Irish & into the WC.

  200. Comrade Nom Deplume says:

    [191] sas3

    That said, it is fun to pick on the french. Here is a UK news site with all the best jokes and stories (kettle, you will love these).

    http://www.dailymail.co.uk/news/article-1161642/As-France-rejoins-NATO-humorous-reminder-missed-them.html

    Only one is absolutely verified. And it is one of my favorites, straight from Dean Rusk’s biography.

    “In 1966, upon being told that Charles de Gaulle had taken France out of NATO and that all U.S. troops must be evacuated from French soil, President Lyndon Johnson told Secretary of State Dean Rusk: ‘Ask him about the cemeteries, Dean!’

    So, at end of the meeting, Dean asked de Gaulle if his order to remove all U.S. troops from French soil also included the 60,000 plus soldiers buried in France from World War I and World War II. De Gaulle never answered.”

  201. chicagofinance says:

    Nice quote from Meredith Whitney on the current state of things….

    “If you have money, you can make a lot of money. And if you don’t, it’s going to be so much more expensive to be poor in this country.”

  202. grim says:

    Why would a realor waste his/her time every week for two hours when the house has been on the market 10 months.

    To find clients that they can actually make money working for?

  203. Barbara says:

    Did a little weekly whirlwind on the mls. Pergo floors, peg bundy kitchens, dirty wall to wall, Holly Hobbie wallpaper, Blair Witch basements, dead lawns, broken garages, crumbled driveways… all in the 400-600k range. Sellers, bite me.

  204. Mr Wantanapolous says:

    Comrade [203],

    Charles de Gaulle was spot on regarding currencies;

    “Any workable and acceptable international monetary system must not bear the stamp or control of any one country in particular. Truly, it is hard to imagine any standard other than gold. Yes, gold, whose nature does not alter, which may be poured equally well into ingots, bars, or coins, which has no nationality, and which has, eternally and universally, been regarded as the unaltered currency par excellence …”

    Now, 45 years later, the fiat paper markets will blow up the world, lead to major trade wars and enraged protectionism. Charley must be spinning.

  205. borat obama says:

    Last

  206. gary says:

    Sellers, here’s a little advice: dropping your p1ss infested, cabbage reeking hole from $679,000 to $659,000 is not gonna make a bit of f*cking difference. Go ahead buyers, sign the paper in blood for $649,000 and brag about the “deal” you just bartered. And don’t forget to “brag” about the $750 per month heating bill as well as you stare at the vaulted ceiling in your living room while laying on the floor after swigging the last drop of Smirnoff as your daughter fights with the puggle in the other room over the three week old piece of Wonder bread.

  207. Al "Fat Thumbery" Gore says:

    Tit sucker here…
    Tit sucker there…

    Get back to work slaves. Theres a government fat ass that needs a bacon cheeseburger and a Zionist Neocon that needs you to fight a war.

  208. grim says:

    Bff omg

  209. NJGator says:

    Lil Gator and I are in Syracuse for a fun-filled weekend with the babywearing, homeschooling wing of the family.

    Nothing like pumping your own gas to make you appreciate living in NJ. Oh and Central NYS is a cr*phole and I think paying $80k for a house here is overpaying by at least $100k.

  210. House Whine says:

    212- Gator. Just make sure you get out of Syracuse and see some of the great parks nearby. You only have to go about 1/2 hr. to see some nice bits of nature and you will forget all about Syracuse. And also enjoy the empty roads.

  211. Pat says:

    O.K.

    Listen to Salma Hayek and think of JB saying bff omg.

    http://www.youtube.com/watch?v=v3N0re7NtgU

  212. Pat says:

    just kidding I love to bust on you

  213. EWellie says:

    Totally off topic here–

    Can anyone tell me how much it costs to fill in a pool? I definitely don’t want one, but I’m interest in a house that is saddled with a large in ground pool. Is it 5-10K? Also, does anyone know how much it adds to your liability insurance if you have one?

  214. NJCoast says:

    Gov. Christy just coming backstage at the Count Basie Theatre. Anything you want me to pass along?

  215. Outofstater says:

    #217 Applaud. He’s the only hope NJ’s got.

  216. Shore Guy says:

    NJC,

    My admiration and encouragement to stay the course and do what is right even if it .eans being hated in the short run. This is the path to success and being considered one of the greatest governors ever.

  217. Shore Guy says:

    NJC,

    My admiration and encouragement to stay the course and do what is right even if it .eans being hated in the short run. This is the path to success and being considered one of the greatest governors ever.

  218. Final Doom says:

    coast (217)-

    Perhaps a piece of steamed fish and some vegetables that aren’t cloaked in cheese.

    “Gov. Christy just coming backstage at the Count Basie Theatre. Anything you want me to pass along?”

  219. Final Doom says:

    Christie can’t help us if he needs some trainer from The Biggest Loser to save his life.

  220. Qwerty says:

    Quite a few houses falling out of contract recently. Failed appraisals, no doubt.

  221. willwork4beer says:

    #190 Hyde

    Wishing you the best of luck with that.

    (Simultaneously crossing fingers and cringing – hoping I didn’t steer you wrong)

  222. NJCoast says:

    Final Doom says:
    June 11, 2010 at 11:16 pm
    coast (217)-

    Perhaps a piece of steamed fish and some vegetables that aren’t cloaked in cheese.

    “Gov. Christy just coming backstage at the Count Basie Theatre. Anything you want me to pass along?”

    Funny thing Clot is that his MIB with the ear pieces came and hoovered up all that was left on the buffet. Maybe that’s part of their job description, so there is none left for the Gov.

  223. Pool answer says:

    #216 – $10k is more like it. more depending on where you live. some places will make you haul most, if not all the concrete away (claiming environmental issues – like the concrete was sitting in the groud for 10+ years but if its not a pool, its an issue – jersey bs).

    Make sure they are licensed – if leaving bottom and part of sides, they must drill a lot of holes in the bottom so water pressure underneath does not force it up.

    pools are a waste of $

  224. EWellie says:

    Thanks, Pool. No kidding! It’s always upsetting when I see a listing I like but the catch is a pool!

  225. Toolpusher Fiddy says:

    NJC –

    The Gub’s Men In Black may also double as Food Tasters.

    I hear there are certain groups in the state that would like to hurry him along on his way to hell.

  226. Juice Box says:

    In bold move, Colorado alters teacher tenure rules
    By COLLEEN SLEVIN, Associated Press Writer Colleen Slevin, Associated Press Writer 18 mins ago

    DENVER – Colorado is changing the rules for how teachers earn and keep the sweeping job protections known as tenure, long considered a political sacred cow around the country.

    Many education reform advocates consider tenure to be one of the biggest obstacles to improving America’s schools because it makes removing mediocre or even incompetent teachers difficult. Teacher unions, meanwhile, have steadfastly defended tenure for decades.

    Colorado’s legislature changed tenure rules despite opposition from the state’s largest teacher’s union, a longtime ally of majority Democrats. Gov. Bill Ritter, also a Democrat, signed the bill into law last month.

    After the bill survived a filibuster attempt and passed a key House vote, Democratic Rep. Nancy Todd, a 25-year teacher who opposed the measure, broke into tears.

    “I don’t question your motives,” an emotional Todd said to the bill’s proponents. “But I do want you to hear my heart because my heart is speaking for over 40,000 teachers in the state of Colorado who have been given the message that it is all up to them.”

    While other states have tried to modify tenure, Colorado’s law was the boldest education reform in recent memory, according to Kate Walsh, the president of the Washington-based National Council on Teacher Quality, which promotes changing the way teachers are recruited and retained, including holding tenured teachers accountable with annual reviews.

    Walsh thinks Colorado is now at the head of the pack in the second round of the Obama administration’s Race to the Top competition, a $4.35 billion pot of stimulus money designed to prod just such changes.

    “If I was a betting woman, I would absolutely put Colorado in first place,” she said.

    The new law requires teachers to be evaluated annually, with at least half of their rating based on whether their students progressed during the school year. Beginning teachers will have to show they’ve boosted student achievement for three straight years to earn tenure.

    Teachers could lose tenure if their students don’t show progress for two consecutive years. That won’t be a possibility until 2015, however, because lawmakers slowed down the process under political pressure from the teachers’ union. Teachers can appeal dismissal all the way to the state Supreme Court, and school districts have the burden of proving why they should be terminated.

    Under the old system, teachers simply had to work for three years to gain tenure, the typical wait around the country.

    Every state but Wisconsin has some form of tenure. The protections were intended to protect teachers from being fired because of their politics, religion or other arbitrary reasons. But Patrick McGuinn, a political science professor at Drew University who has studied tenure, said they have evolved into virtual employment guarantees.

    On average, school districts across the country dismiss 2.1 percent of teachers annually, generally for bad conduct rather than performance.

    Colorado’s measure is a tribute to the tenacity of freshman Democratic state Sen. Michael Johnston, a former Teach for America teacher, principal and Obama education adviser.

    The 35-year-old Harvard- and Yale-trained lawyer was appointed to represent a largely minority Denver district that has seen an influx of more white residents because of redevelopment of the city’s former airport. He successfully fought changes to the bill that would have eased expectations for teachers with traditionally low performing students.

    “What we’re saying is that it matters that every one of those kids will get across the finish line,” Johnston said.

    Although various states have responded to the lure of federal money by moving to tie teacher evaluations to student performance, no other state specifically changed its tenure laws as Colorado did.

    In Louisiana, GOP Gov. Bobby Jindal signed a bill partially grading teachers on student test scores in up to 27 school districts. Tenured teachers would face a revocation of tenure hearing if they repeatedly fail under the law, which was opposed by teachers unions.

    A push to eliminate tenure for all new teachers and make it easier to fire teachers in Florida passed the Legislature this year but was vetoed by Republican Gov. Charlie Crist, who is now running for the U.S. Senate as an independent.

    Past efforts to change tenure have caused problems for both parties.

    In Georgia, Democratic Gov. Roy Barnes lost the support of the teachers’ union — and later his office — after pushing to get rid of tenure for new hires in 2000.

    California Gov. Arnold Schwarzenegger tangled with teachers and lost after calling a special election to change tenure rules in 2005. The teachers’ union raised dues and amassed $50 million to fight the proposal.

    Many teachers and some education experts argue that tenure reform is unnecessary.

    Margaret Bobb, an earth science teacher at Denver’s East High School, said bad teachers are often quietly coached out of their jobs by administrators, avoiding the protracted tenure dismissal process. She contends tenure is still needed to prevent good teachers from being dismissed for running afoul of administrators and to prevent experienced — and more expensive — teachers from being let go by cash-strapped districts.

    “Education is not just you and your class. It’s not an individual activity. If you’re doing your best, it’s a system you’re a part of,” Bobb said.

    http://news.yahoo.com/s/ap/20100612/ap_on_re_us/us_grading_teachers

  227. Shore Guy says:

    Some interesting data from the northern OBX. Some data got truncated in the copying and pasting; however, the data jump out and bite a prospective buyer right on the nose. I don’t have any data on price drops along the way, just the last price.

    Single Family – Detached Oceanside

    List Sold Ratio DOM

    349,000 $257,500 74%

    $1,249,500 $805,000 64% 613
    $569,900 $465,000 82% 541
    $1,699,000 $1,025,000

  228. Toolpusher Fiddy says:

    Shore Guy —

    That trend has too many data points to be ignored. Are all of those recent sales?

    Where…Duck, Corolla ?

    I would also venture to say that this summer’s sales activity is sure to be affected by the movement of “Oil Slick”

  229. yo'me says:

    England 1-US 0 First 4 min

  230. Mr Hyde says:

    Ww4b

    picked sone imperial stout lady night. Is on deck and will be consumed shortly. No worries though, I wouldn’t hold my tastes or lack there of against you ;-)

  231. willwork4beer says:

    #235 Hyde

    OK, just be careful with that stuff. Imperials will knock you on your butt if you don’t go easy.

  232. yo'me says:

    Stella and crown R is keeping me happy watching the game.

  233. cobbler says:

    Study Says Math Deficiencies Increase Foreclosure Risk

    IF you can’t divide 300 by 2, should you qualify for a loan?

    That is one of the questions raised by a new study led by a Columbia University assistant business professor, Stephan Meier, who found that borrowers with poor math skills were three times more likely than others to go into foreclosure.

    Mr. Meier conceded that the results were not shocking, but he said he had not expected the connection between math skills and mortgage default to be so pronounced.

    About 340 borrowers in Connecticut, Massachusetts and Rhode Island who took out subprime loans in 2006 and 2007 were surveyed in 2008. None were in foreclosure.

    The respondents were asked five questions, with the first requiring borrowers to divide 300 by 2, and the second to calculate 10 percent of 1,000. (Since the survey was conducted by telephone, the questioners did not know who was using a calculator.)

    About 16 percent of the respondents answered at least one of the first two questions incorrectly. Mr. Meier said that the results were consistent among all levels of education and income.

    Over all, 21 percent of the respondents whose math abilities placed them in the bottom quarter of the survey experienced foreclosure, versus 7 percent of those in the top quarter.

    Mr. Meier said the fact that the borrowers in the sample had subprime loans — which in 2006 and 2007 were given even to those with dismal financial histories — did not lessen the significance of the findings. A larger survey in Britain, he said, found nearly the same levels of math illiteracy among those questioned about retirement savings.

    Mr. Meier said the study had at least two implications for mortgage lenders. “Maybe start adding math tests to the process,” he said, “and screen them away.”

    http://www.nytimes.com/2010/06/13/realestate/13mort.html?ref=business

  234. Mr Wantanapolous says:

    “Stephan Meier, who found that borrowers with poor math skills were three times more likely than others to go into foreclosure.”

    How about the quants from MIT/Stanford, etc; who blew up Fannie, Freddie, Lehman, AIG, etc..? Poor math skills?

  235. meter says:

    High intelligence married with bad intentions trumps lack of intelligence and good intentions every time.

  236. Al "Fat Thumbery" Gore says:

    That was a great tie. Bigger than most would think.

    On another note. The US is past the eleventh hour. Enjoy these distractions such as the World Cup. A win wont feed your family nor stop the upcoming demise.

    Took the boat out today. Had visions of oil soaked marshland and imagined a cold oilish rain this fall.

    http://www.youtube.com/watch?v=eBkxMpg-PWE

  237. Mr Wantanapolous says:

    “High intelligence married with bad intentions trumps lack of intelligence and good intentions every time.”

    In other countries you get executed.

  238. Cindy says:

    http://money.cnn.com/2010/06/10/news/economy/unemployment_layoffs_structural.fortune/index.htm

    Jobs, jobs, jobs…

    Structural unemployment –

    “Automation is going to hit nearly everywhere.”

  239. meter says:

    @242 –

    Only in China, and only if you’re caught.

    You’ll notice that executions haven’t stopped the fraud.

  240. Cindy says:

    http://latimesblogs.latimes.com/money_co/2010/06/structural-unemployment-jobs-economy-martin-ford-technology-luddite.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MoneyCompany+%28Money+%26+Company%29

    Pulled the #243 article from here:

    “Is there no solving the U.S. Unemployment problem”

    Useful example –

    Plenty of people to run Blockbusters – not many to run Netflix – even less once you view your movies online w/ streaming video.

  241. Sas3 says:

    #239… For the quants, the consequences of burning money (other people’s) were not too bad. Rewards for making a killing were great. So, they’d gamble.

  242. Sas3 says:

    Losing a friend (Indian) to TX. Renter here, buying a fancy house in TX. My question — why?

  243. Mr Hyde says:

    SAS3

    Texas has relativly stable housing (and cheap relativly speaking) and stable job markets in urban areas.

    Although it’s Antibes guess if they stay that way

  244. Mr Hyde says:

    WW4B

    the imperial was yummy didn’t feel the alcohol though. Must have some solid genetics

  245. Mr Hyde says:

    Picked up an interesting doghead fish yesterday called Midas touch. Will try tomorrow…

  246. willwork4beer says:

    #250 Hyde

    Glad you enjoyed it. Which brewery?

  247. willwork4beer says:

    #250 Hyde

    Oops, that last one was meant to respond to #249.

    Regarding Midas Touch, I found it interesting but a bit too sweet for my liking. I bet it appeals to your scientific nature, however. Its really quite an intriguing feat of science.

  248. Mr Wantanapolous says:

    246,

    David Einhorn gambled as did Erin Callan. Who made the boatload and whose ass is going into the slammer. Hey, Bernie Madoff also gambled.

  249. Shore Guy says:

    Fiddy,

    It was extracted from data on Duck and Southern Shores. I don’t recall if those particular properties were all Duck or a mixture.

  250. Qwerty says:

    RE: “Losing a friend (Indian) to TX. Renter here, buying a fancy house in TX. My question — why?”

    The question answers itself.

  251. Final Doom says:

    England is going nowhere in this WC. They have problems galore…central defense, keeper, no holding mid (although Gerrard played out of his mind, it’s just not his spot), non-existent service to Rooney. I could go on and on.

    Honestly, Slovenia and/or Algeria can beat or draw them. The whole group is up for grabs.

    Thank God the win line for England today went over 2-1. If it hadn’t, I would’ve lost a pantload of cash.

  252. Yikes says:

    anyone seen District 9?

    only a movie, but those armed bandits in District 9 would be very difficult to take down no matter how many weapons you had.

    you really would need to stockpile a sick arsenal to handle cats like that.

    (obviously, if there are people like that roaming around, the world has basically ended)

  253. Mr Hyde says:

    Yikes

    district 9 is a good movie. Gangs like that do exist. They are called African warlords. Read about congo’s internal conflicts recently?

  254. Mr Hyde says:

    WW4B

    had the Sam smiths imperial stout. Will be picking more of that tasty brew up!!!

  255. Mr Hyde says:

    Driving around this weekend it seems that I am suddenly seeing a lot more homes with foot high grass and a generally unmaintained appearance…..

    It’s getting ugly out there

  256. Mr Hyde says:

    How long before chifi gets his wish and NYC once again looks like the opening scenes of “TradingPlaces”

  257. Cindy says:

    http://www.bloomberg.com/apps/news?pid=20601079&sid=aVQrJToPxVco

    Clot – RE #256

    “Robert Green’s unsteady hands are making his future as England’s goalkeeper uncertain”

  258. Juice Box says:

    24 billion to bail out 300k teachers?
    Where are the concessions from the unions?

    Obama pleads for $50 billion in state, local aid

    President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid “massive layoffs of teachers, police and firefighters” and to support the still-fragile economic recovery.

    http://www.washingtonpost.com/wp-dyn/content/article/2010/06/12/AR2010061204152.html?wprss=rss_politics/congress

  259. willwork4beer says:

    #259 Hyde

    Glad you found something you like. I love that brewery. Try the Oatmeal Stout and the Nut Brown Ale for a change of pace.

    BTW – I’m sure you have great genes, but I should inform you that Sammy’s Imperial is *only* 7.0% ABV. Most of the American Imperials are 9-10+% ABV. The big trick is to hide the booze at that point. Not all are successful.

  260. Mr Hyde says:

    Is that oblivion i smell????

    Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state and municipalities to borrow nearly $6 billion to help them make their required annual payments to the state pension fund.

    And, in classic budgetary sleight-of-hand, they will borrow the money to make the payments to the pension fund — from the same pension fund.

    http://www.nytimes.com/2010/06/12/nyregion/12pension.html

    Funny how if you or i tried such a trick we would have charges for fraud and various other offenses pressed against us

  261. freedy says:

    anybody have the pros and cons on oradell

  262. Orion says:

    I know it’s Sunday but here’s BFF:

    http://www.fdic.gov/news/news/press/2010/pr10133.html

  263. Toolpusher Fiddy says:

    Bailout at 264 —

    Whenever I hear a politician use the words “quickly approve” and “billions” in the same sentence……I get nauseous.

    These clowns in DC pass legislation that they haven’t even read. They couldn’t even comprehend the Cliff Notes version of these Bailout Bills.

  264. Cindy says:

    http://www.sacbee.com/2010/06/13/2818600/pensions.html

    264 – Juice

    “Where are the concessions from the unions?”

    Arnold is trying to get something done in CA before he leaves office.

    A few states have enacted changes (listed to the right of this article.)

    CA should have gone to a tiered system years ago.

  265. Cindy says:

    http://blogs.sacbee.com/capitolalertlatest/2010/06/schwarzenegger-still-hopes-to.html

    Juice – more on CA pensions…

    Schwarzeneggar still hopes to build a legacy

    “…that seems to be at odds with his insistence this year that he won’t sign a state budget unless it’s accompanied by pension reforms that Democrats and their union allies strongly resist.”

    I think our only hope of seeing pension reform is if the fed gov stays out of it. The dems will have to choose between Medicare cuts or pension reform. It is going to be a long summer. The budget is due this month – no way.

  266. Cindy says:

    http://www.first5la.org/articles/state-budget-update-governors-may-revise-budget-cuts-calworks-and-childrens-programs

    Here is his leverage – eliminate CalWORKS

    If the government will NOT come to our rescue, something may finally be done about our pension problems. I don’t see Dems allowing the cuts proposed in the May revise.

  267. Pete says:

    Does anyone have a site to recommend where I can see historical home price data by metro area and property type? Something that would be more detailed than the 20 metro area case shiller where I could look up allentown/bethlehem/easton or philadelphia?

    Thanks,

    Pete

  268. Roustabout Fiddy says:

    Oh man…..I just spent about an hour in the NJRER archives. Fascinating!!

    Do yourselves a favor, go to the archive for December 2005 thru Feb ’06. It’s like watching a train wreck in slow motion. The whole gory story, laid out right before our eyes. Every step of the way called before it even happened.

    Weekly Inventory Updates.

    “Towns” at a Glance (with MLS photos, no less)

    Lowballs !!!

    Some excellent poster’s comments. What ever happened to “pesche22” he was funny.

    And who could ever forget “Depths of Misery Spring 2008” His only fault was…he was too conservative in his predictions !!

    Thanks for all you do, grim ! Boo-Yah !!!

  269. Pete says:

    One other request, I saw a posting here some time ago that showed home lender ranking of risk for different metro areas across the country. It was a PDF file that rated diffent areas on a scale from very safe to extremely risky areas that required extra down payments. Can someone please point me to that link?

  270. Roustabout Fiddy says:

    Pete —

    See if this gets you what you need.
    Enter the zip code for your area of interest….

    http://www.rmic.com/productsandservices/marketanalysis/mama/HMMOnline/Pages/default.aspx

  271. Pete says:

    Roustabout Fiddy,

    Thank you for sending the link. This is very helpful.

    Pete

  272. Roustabout Fiddy says:

    Pete —

    I also think one of the big-name lenders kept a database of declining zip codes. Of course, that lender’s list included every city in the US.

    You might try googling “declining zip codes” for further reading.

  273. Barbara says:

    243 Cindy,
    I wonder if, ironically, this will lead to the rebirth of formal liberal arts education. I think that 25 years from now, people with a grad level grasp on world history, religions, literature will look like wise sages, instead of just people with a grad degree…

  274. Essex says:

    I am a wise sage. Yo.

  275. willwork4beer says:

    I’m a WiseAss.

    Does that count?

  276. CAIBC says:

    does anyone know if Christie is going to sign the 15K credit for housing in NJ? anyone have any inside info?
    what are details on that?
    anyone have a link?

  277. BlindJust says:

    My 28% off LP lowball on a short sale was just rejected by the owner. It wasn’t even submitted to the bank.

  278. Barbara says:

    283. The Pride runs deep

  279. a mad as hell reinvestor101 says:

    Barbara says:
    June 13, 2010 at 6:37 pm
    283. The Pride runs deep

    No, common damn sense runs deep. Who in the hell wants to give their damn house away to some damn bottom eating vulture. If he wants the damn house, then he should pay the damn owner what the damn house is worth and stop trying to rip the damn owner off.

    This really pisses me off.

  280. a mad as hell reinvestor101 says:

    Obama is calling for more damn stimulus money and he’s still not directing it the right damn way. Why the hell did they let the damn housing credit expire? Why aren’t they giving money directly to real estate investors like me? We would save this damn country.

  281. willwork4beer says:

    #285

    He tried to give the bank what the house is worth. The current tenant refused to pass along a bona fide offer.

    Let’s face facts, the bank owns that crapshack, not the underwater borrower.

    The place will probably FK and be sold REO for pennies on the dollar.

    If he wants the damn house, then he should pay the damn owner what the damn house is worth and stop trying to rip the damn owner off.

  282. Pat says:

    re, I have to agree with you.

    Investors are the way to fix it. None of this first-time home buyer/move up buyer nonsense. They can just go damn rent. Put all the underwater homeowners into Motel 6 for a year.

  283. Pat says:

    the first commercial will be a guy with this unseen girl waiting in line in the dark of a flashing rollercoaster.

  284. Pat says:

    Maybe it’ll turn out to be Shiller’s curve.

  285. meter says:

    For the Rand-heads, a review of two recent biographies on her life and writing and a critique of her philosophy by Charles Murray (author of “The Bell Curve”):

    http://www.claremont.org/publications/crb/id.1708/article_detail.asp

  286. a mad as hell reinvestor101 says:

    willwork4beer says:
    June 13, 2010 at 8:16 pm
    #285

    He tried to give the bank what the house is worth. The current tenant refused to pass along a bona fide offer.

    Let’s face facts, the bank owns that crapshack, not the underwater borrower.

    The place will probably FK and be sold REO for pennies on the dollar.

    Bullspit. First off, a damn house is not a crapshack and if the damn buyer wanted to buy the damn place, then he needs to up the damn offer. Did he do that? Hell no, he went around sulking because the damn offer wasn’t presented for good damn reason, I might add.

    No one is gonna to give a damn house away and certainly not me. Stinking vulture.

  287. Mr Wantanapolous says:

    “Who in the hell wants to give their damn house away to some damn bottom eating vulture.”

    That depends on ones valuation of 4 walls and a roof?

    “If he wants the damn house, then he shouLd pay the damn owner what the damn house is worth and stop trying to rip the damn owner off.”

    Market price or blackbox price?

    “When my time on earth is gone, and my activities here are passed, I want them to bury me upside down, and 50.5 can kiss my ass!”

    Bobby Knight

    If he wants the damn house, then he shouLd pay the damn owner what the damn house is worth and stop trying to rip the damn owner off.”

  288. a mad as hell reinvestor101 says:

    Pat says:
    June 13, 2010 at 9:15 pm
    re, I have to agree with you.

    Investors are the way to fix it. None of this first-time home buyer/move up buyer nonsense. They can just go damn rent. Put all the underwater homeowners into Motel 6 for a year.

    Lady, are U speaking to me or would you like too? You know good and damn well that you’re not to say damn two words to me without my damn permission. You also know that you’re supposed to be absenting yourself as soon as my damn presence is made. I expect compliance. Thank you.

  289. Mr Wantanapolous says:

    “Obama is calling for more damn stimulus money and he’s still not directing it the right damn way.”

    50.5,

    Wrong, it not stimulus money, it’s part of the America Recovery Act. Act, because it’s scene 4 of a double digit failed program. Why call it stimulus? That has already failed, not for the failed hedge funds.

  290. a mad as hell reinvestor101 says:

    “When my time on earth is gone, and my activities here are passed, I want them to bury me upside down, and 50.5 can kiss my ass!”

    Where in the hell did this come from? Bobby never ever said that to his biggest damn fan. Hell, he and I are a lot alike and you can damn well bet you that he was flipping real estate just like I was. Moreover, he’s wouldn’t take this shlt of lowball offers lying down. The lowdown vulture that had the nerve to do with would be wearing a damn chair for a hat for pulling that type of stunt.

  291. Yikes says:


    Final Doom says:
    June 11, 2010 at 12:35 pm

    What is needed is a carpet nuking of the entire Islamic world.

    not a very catholic thing to say … but i agree 100%

  292. a mad as hell reinvestor101 says:

    Wrong, it not stimulus money, it’s part of the America Recovery Act. Act, because it’s scene 4 of a double digit failed program. Why call it stimulus? That has already failed, not for the failed hedge funds.

    You’re right, it’s not stimulative because he didn’t direct it properly, dammit. If I had my hands on that damn money, a lot of shlt would have been stimulated–that’s for damn sure.

    And leave the damn hedge funds out of this. You damn liberals are always wary of anyone making some damn money

  293. Mr Wantanapolous says:

    “And leave the damn hedge funds out of this. You damn liberals are always wary of anyone making some damn money”

    50,5,

    Wrong. The evil woflpack needs the talented to drive the market to ridiculous heights. If they don’t do it, how do the damn shorts get positioned to make any scratch?

  294. still_looking says:

    299 Wantan,

    Amen, brother!

    sl

  295. Mr Wantanapolous says:

    50.5,

    Here’s one for you;

    “I don’t fully understand movements in the gold price”

    Ben Bergabe

    Now, if I was a RE investor, I would say Bullspit; next step, sell and fold.

  296. NJCoast says:

    Backstreet Boys at Monmouth U. Really? More like Backstreet Geezers.

  297. Mr Wantanapolous says:

    An expert regarding the GD? Yet, he doesn’t understand the movements in gold? Bullspit. He’s fully aware of the implications, does not want to share it with 50.5.

  298. Mr Wantanapolous says:

    “Backstreet Boys at Monmouth U. Really? More like Backstreet Geezers.”

    NJC,

    I would love to hear Backstreets;

    http://www.youtube.com/watch?v=RpG33x65MAU&feature=related

    Sleeping in that old abandoned beach house!

  299. Yikes says:

    EWellie says:
    June 11, 2010 at 10:20 pm

    Totally off topic here–

    Can anyone tell me how much it costs to fill in a pool? I definitely don’t want one, but I’m interest in a house that is saddled with a large in ground pool. Is it 5-10K? Also, does anyone know how much it adds to your liability insurance if you have one?

    will let you know in 6-8 weeks. but it definitely won’t cost that much just for water.

  300. chicagofinance says:

    I thought self-stimulating in public is a faux pas?

    a mad as hell reinvestor101 says:
    June 13, 2010 at 9:45 pm
    Pat says:
    June 13, 2010 at 9:15 pm
    re, I have to agree with you.

    Investors are the way to fix it. None of this first-time home buyer/move up buyer nonsense. They can just go damn rent. Put all the underwater homeowners into Motel 6 for a year.

    Lady, are U speaking to me or would you like too? You know good and damn well that you’re not to say damn two words to me without my damn permission. You also know that you’re supposed to be absenting yourself as soon as my damn presence is made. I expect compliance. Thank you.

  301. a mad as hell reinvestor101 says:

    Mr Wantanapolous says:
    June 13, 2010 at 10:15 pm
    50.5,

    Here’s one for you;

    “I don’t fully understand movements in the gold price”

    Ben Bergabe

    Now, if I was a RE investor, I would say Bullspit; next step, sell and fold.

    You’re starting to really bother me. Let’s get something straight, dammit, the greatest predictor of future events is the recent past, which is why I have my damn ass firmly planted in front seat looking out the damn rear view mirror. I’m damn comfortable doing that, and you nor Gerald Celente, Alex Jones, Ron Paul, the damn 9-11 truthers or any other of you assorted terrorist malcontents is going to make me look at the front window.

    Look, there’s no implication on the damn gold price except for people like you constantly moaning about gold and making the damn sheeple stampede into it. The damn bottom line is that crap is only good for adornment and the only damn way you’re gonna buy anything is with the damn dollar now that the socialist pantywaists in Europe have met their damn comeupance.

    Look, I’m getting damn sick of people like you constantly jerking the rest of us around with your damn non conventional theories. Get with the damn program–get a house, get long the damn market and get the wife some damn gold baubbles if you have too, but don’t try to tell me about no damn financial collapse cause I ain’t buying it. Terrorist malcontent.

  302. meter says:

    Bullspit appears to be the new fcuk.

    Who knew?

  303. Barbara says:

    I’m betting reivestor still wears a fedora, Frank style, not like these annoying hipsters.

  304. Barbara says:

    and he probably irons his undershirts.

  305. Yikes says:

    F the Celtics

    and Hyde, those roaming Nigerian warlords are one thing … I’m talking about that kind of thing happening in AMERICA

  306. Mr Wantanapolous says:

    50.5,[307]

    Classic.

    If the recent past is our greatest predictor then bend down and kiss it goodbye.

    One guarantee, when the sheeple are rushing in, I will have my hands exteneded, waving my palms. That will be at market price, not FASB fantasy prices.

    By the way, the wife doesn’t like gold, she prefers silver. Therefore, the family is hedged; long Precious/long Hi-Yo.

  307. Mr Wantanapolous says:

    “and he probably irons his undershirts.”

    Barbara,

    I would imagine if I was run over by a Peterbilt, my wares would demand more attention?

  308. Barbara says:

    are you telling me or are you asking me?
    Also, is that a metaphor or did Frank Sinatra get run over by a heavy vehicle?

  309. Final Doom says:

    Life imitates Avatar.

    “And there are those who wonder why the US has spent countless dollars and thousands of dead soldiers protecting a few desolate mountain passes in Afghanistan. And no, it turns out it is not just the opium trade. The NYT reports that “The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials.” The article continues, “The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world, the United States officials believe.” Ah yes – “previously unknown.” Yet the punchline of the piece : “The vast scale of Afghanistan’s mineral wealth was discovered by a small team of Pentagon officials and American geologists.” Because $1 trillion worth of minerals just lie there waiting to be discovered almost 10 years after the initial incursion. Next thing you know FCX already had an entire mining infrastructure in place just in case a contingency like this miraculously occurred. In the meantime, look for gold prices to plunge as the newly uncovered gold deposits are rumored to be “large” enough to once again refill Fort Knox and to push the supply curve three miles to the right.”

    http://www.zerohedge.com/article/us-discovers-nearly-1-trillion-mineral-deposits-afghanistan

  310. Confused in NJ says:

    Report: Employers to see 2011 medical costs jump

    By TOM MURPHY, AP Business Writer Tom Murphy, Ap Business Writer – Mon Jun 14, 2:36 am ET
    INDIANAPOLIS – Companies that offer employee health insurance expect another steep jump in medical costs next year, and more will ask workers to share a bigger chunk of the expense, according to a new PricewaterhouseCoopers report.

    For the first time, most of the American workforce is expected to have health insurance deductibles of $400 or more, the consulting firm said in a report released to The Associated Press.

    Deductibles are the annual amount a patient pays out of pocket for care before insurance coverage starts. They are generally separate from co-payments and coinsurance.

    Two years ago, only 25 percent of companies participating in the annual survey said they asked employees to pay deductibles of $400 or more. That grew to 43 percent in 2010 and is expected to pass 50 percent next year.

    Employees who are asked to pay more through things like higher deductibles help keep cost growth in check because they use less health care.

    The health care reform law passed by Congress and then signed by President Obama in March has just started to unfold and will have little impact on costs next year, said Michael Thompson, a principal with PricewaterhouseCoopers.

    “In general, it’s a continuation of a fairly high rate of medical inflation,” he said.

    PricewaterhouseCoopers found that medical costs are expected to rise 9 percent next year. But this doesn’t mean workers will see their monthly premiums jump by the same amount.

    Employers typically try to soften the impact of a cost increase by absorbing some of it, changing insurance plan designs or asking employees to pay higher deductibles or a larger coinsurance percentage.

    For instance, a medical cost increase of more than 9 percent was forecast for 2009. But the average annual premium rose only 5 percent for family coverage that year and stayed flat for single coverage, according to a separate study from the Kaiser Family Foundation.

    The 9 percent medical cost increase projected in 2011 is actually slightly smaller than the 9.5 percent jump PricewaterhouseCoopers is seeing this year. Thompson said several top-selling drugs will lose patent protection next year and become exposed to lower-cost generic competition. That will help temper the increase.

    The PricewaterhouseCoopers report also found a steep drop in the percentage of employers that subsidize retiree health coverage. It said only 22 percent of employers with more than 5,000 workers subsidized retiree coverage after age 65 this year. That’s down from 37 percent in 2009.

    “It’s a major cost and one that employers have for years now been moving away from,” Thompson said.

    PricewaterhouseCoopers compiled its report by analyzing e-mail survey results from 674 companies in 30 different industries across the country. Most of the companies participating had 1,000 employees or more. The firm also interviewed health plan executives and reviewed analyst reports.

    Luckily, this only impacts Private Sector.

  311. jj says:

    So Newsweek once again came out with the list of top 100 High Schools in the country. Well you will be proud to know my high school is still on it. My education is still rock solid. In honor of this occassion I am posting this post with no spelling errors. I think.

  312. Final Doom says:

    I think; therefore, I am John.

  313. jj says:

    Actually I don’t think. I do. Thinking is for nancy boys.

    I try not to cloud my judgement with too much thoughts.

    Then again with my Don Drapper instincts and looks how can I go wrong?

    Final Doom says:
    June 14, 2010 at 8:07 am
    I think; therefore, I am John.

  314. Pat says:

    John, why is today such a no news day and where is jb with the link to the nj dot com cc story?

    I am wondering if James didn’t do a little bit of that drinking thing last night.

    I personally like the way you spell, occassionnally. It deflects the attention away from your good looks so we can more easily focus on your true message.

  315. Yikes says:

    netherlands looks great. dominated denmark this morning

  316. Final Doom says:

    Paraguay is going to beat Italy.

  317. jj says:

    Pat thanks!!! My big news today is CBOE IPO I put in for it now lets see if I get allocated some shares.

    Plus Jets lowered some PSLs to $2,500 and Mark Sanchez on Tony’s last night trying to digest Mark is in love with musicals, maybe he is turning a little gay.

    Finally, Katie Finneran won best actress in a musical for Promises Promises, I saw the play last week and although I went to see Kristen Chenoweth sing I have to say Katie was amazing she got a standing ovation and well deserved. I said right then she won the tony, my wife rarely agrees with me said yes. The owl stuff she did was crazy good. I was very inpressed. Only trouble is Katie is not in first half of play. I was row 12 for play I think are around perfect seats. If anyone sees plays they work entire stage with dance numbers and they charge more for seats in middle which makes no sense. You have no better of a view.

    England is going to beat Brazil for the world cup championship.

  318. Knifecatcher - Painhrtz says:

    doom for a second there I thought you were talking about soveriegn debt default. I forgot about the world cup.

    Jeex grim no article today, manscaping or no good economic news?

  319. Comrade Nom Deplume says:

    [323] yikes

    with a little help from one of the Danes (d’oh!)

  320. Comrade Nom Deplume says:

    [319] jj

    Nice try. You still get a pony.

  321. I have seen a lot from your website. I am very proud that i discovered it. It has been very useful to me. Gives Thanks

  322. Comrade Nom Deplume says:

    [318]

    “The health care reform law passed by Congress and then signed by President Obama in March has just started to unfold and will have little impact on costs next year, said Michael Thompson, a principal with PricewaterhouseCoopers.”

    I’m shocked. Shocked, I tell you.

  323. Comrade Nom Deplume says:

    “F the Celtics”

    –Yikes

    “F Yikes”

    –The Celtics

  324. Comrade Nom Deplume says:

    [227] shore

    It’s okay. Depends on what you want. Still lots of indie shops but downtown starting to get taken over by upper scale chain eateries (Panera, Cold Stone, Crumbs).

    I know Doom doesn’t like the restaurants, and there are some I don’t like, but there are some I do like.

    I go to Cranford periodically because it is a nice change and not far. Wish Mountainside “Center” had more. I can walk there in 10 minutes.

  325. Cindy says:

    http://pragcap.com/u-s-housing-prices-still-more-expensive-than-any-point-in-last-120-years

    Some say housing prices have bottomed. Not unless it’s truly “different this time.”

  326. A.West says:

    JJ (317)
    With all these highly paid NJEA unionized schoolteachers puffing out their chests about how you get the education you pay for, NJ seems very sparsely represented in the top 500 high schools.

    In fact, I notice people around here in NJ speaking as if schools in Florida and Texas are basically cesspools for illiterates, but this ranking is absolutely chock full of FL and TX high schools. Imagine a parent of a Ridge High student, who paid a $300,000 premium for their house, reading that the intelligent child of a commoner in Florida or Texas might be going to a school more than 100 ranks higher than their Blue Ribbon school.

    A quality education isn’t about the cost, beyond a relatively low base level.

  327. Comrade Nom Deplume says:

    [266] juice box

    Obama is using BP as cover to get this through, and I expect a healthy dose of targeted aid to get the gulf states to buy in.

    That said, Porkulus II will get the TEA Party folks stirred up, and I can see the GOP capitalizing on it as a redistribution from more solvent Red states to reckless Blue states. That is a guaranteed buzz kill in the Senate.

    Rob Brusca on CBNC this morning, holding forth on the original Porkulus. Absolutely nailing it for what it really was, and nailing the fact that it hasn’t worked as hoped. Really called out Rahm too, which was nice.

  328. Cindy says:

    http://economix.blogs.nytimes.com/2010/06/14/the-sagging-of-the-middle-class/

    Barbara @ 279 – More on the subject…

    Off for the NW this AM – I will probably check in occasionally. First stop – Portland, OR.

  329. DuckVader says:

    All this “best high school” cwap — Has anyone seen a study that has validated these rankings in terms of different outcomes. They’ve been around for the past few years, so is there any other metric to test the list by, e.g. current grades of students in college from the 2008 study, or whatever… but some other metric to see real world outcomes.

  330. jj says:

    BP getting hammered today. I almost picture our prez with Tony Blair bent over his desk in the oval office and Tony getting hammered like it is his first night in jail.

    Good news there is plenty of oil to lube ole Tony Blair up with.

  331. jj says:

    Duckvader, what the F does college grades have to do with the HS being good. It is the success of students in life. They should almost take 10 and 25 reunions stats and study, jobs, salary, degrees, gold medals, oscars, tony’s etc. to see how good school is.

    DuckVader says:
    June 14, 2010 at 10:45 am
    All this “best high school” cwap — Has anyone seen a study that has validated these rankings in terms of different outcomes. They’ve been around for the past few years, so is there any other metric to test the list by, e.g. current grades of students in college from the 2008 study, or whatever… but some other metric to see real world outcomes.

  332. jj says:

    The year I graduated HS my school was rated number one!!! see how smarts I am?

    DuckVader says:
    June 14, 2010 at 10:45 am
    All this “best high school” cwap — Has anyone seen a study that has validated these rankings in terms of different outcomes. They’ve been around for the past few years, so is there any other metric to test the list by, e.g. current grades of students in college from the 2008 study, or whatever… but some other metric to see real world outcomes.

  333. DuckVader says:

    JJ,

    No argument there. I’m just saying that these “best high school” rankings don’t seem to have follow-on validations. If a high school is good, it should manifest in future outcomes, the nearest or most proximate manifestation of which is college grades. Because I don’t think they have this list going back 10 or 25 years, so validating it across a 25 year time frame isn’t possible.

  334. relo says:

    333: Our town schools in SWFL were at least on par with the blue-ribbon NNJ schools our kids are now attending. In fact, technology and facilities, being newer, were much better. And taxes were 1/4 of what we pay now.

  335. jj says:

    I did not get good grades, in HS, College or Grad School. Never much cared for it. As long as I passed I was fine with it. When you are working a lot of hours, dating, have several hobbies, drinking, going to clubs, helping out at home, fixing cars etc. you at mest have 15 minutes a day to study.

    In fact statistically people with C averages in college are the highest earners. I work with two A average students they can jump a car, change a tire, work a cash register, hang a door, actually they can’t do much of anything except read a book and repeat back what was in the book. Great skill in college, useless afterwards.

  336. Shore Guy says:

    This just in:

    Court upholds Gov. Chris Christie’s 2010 school cuts
    THE ASSOCIATED PRESS • June 14, 2010

    TRENTON — An appeals court panel has upheld Gov. Chris Christie’s executive order forcing school districts to use surplus money to make up for cuts in state aid.

    In February, the Republican governor ordered the freeze of $475 million in school aid payments in 2010 by requiring districts to use their excess surplus instead of state aid. The cuts were made at the time to help plug a deficit in the current year budget.

    The court found Monday that that Christie acted within his constitutional authority
    to make the cuts.

    The Perth Amboy school district, which lost $15 million in state aid, filed the
    lawsuit.

  337. Shore Guy says:

    From Relo’s post:

    “June 14 (Bloomberg) — The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history.

    Fannie and Freddie, now 80 percent owned by U.S. taxpayers, already have drawn $145 billion from an unlimited line of government credit granted to ensure that home buyers can get loans while the private housing-finance industry is moribund. That surpasses the amount spent on rescues of American International Group Inc., General Motors Co. or Citigroup Inc., which have begun repaying their debts.”

    And why is it better to save these cesspools instead of just capitalizing a half-dozen new entities?

  338. Shore Guy says:

    Back to the grindstone.

  339. All "H-Train" Hype says:

    Dow up 1.12%
    .
    .
    .
    .
    .
    Why?

  340. jcer says:

    A. West I can assure you the education system in FL and Texas by and large sucks.

  341. Edris says:

    This is interesting. I forgot how much money the remaining schools could make from the penatly fees. The remaining 5 schools could try to broker a football alliance with the Big East but remain the Big 12 in name.
    Officials from five Big 12 schools — Kansas, Missouri, Kansas State, Iowa State and Baylor — held a conference call on Saturday, The Kansas City Star reported. The schools agreed they would like to continue as members of the Big 12.
    The five potential teams that could be left in the Big 12 if the exodus of five others continues to the Pac-10 would be wise to remain together, a conference commissioner with experience dealing with expansion told ESPN.com’s Andy Katz.
    The reason is simple: The five remaining schools would be due a huge payday and ultimately could salvage automatic berths to the NCAA tournament and possibly the BCS through expansion themselves.
    The commissioner, who didn’t want to be identified because he’s involved in the ongoing realignment of college athletics, told Katz it would be critical for Kansas, Kansas State, Missouri, Baylor and Iowa State to maintain the Big 12 as an entity or corporation.
    “The assets, the amount of money that they would be due by exit fees back to the corporation would be huge,” said the commissioner. “Rather than dissolve the Big 12, they are better off as a Big 12 entity then moving to the Mountain West.”
    Taken from:
    http://sports.espn.go.com/ncaa/news/story?id=5282178

  342. DuckVader says:

    JJ,

    They should put in these studies the disclaimer that “these rankings are not predictors of future student success, because we’ve never tested what they predict.” And of course, it was done by Newsweek.

  343. jj says:

    I sat next to Helen Slater in HS for a few classes and she went on to saw in Supergirl. See that is proof my school is good!!!

    Then again Lindsey Lohan went to HS in Cold Spring Harbor and it is has been downhill since.

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  345. jcer says:

    How many of the schools in the list are magnet? The thing is bad school systems tend to have a place to put the gifted students so they can succeed. Jersey City has the best public high school in NJ and it the worst school system, well just about anywhere.

  346. meter says:

    A West doesn’t understand sample size, but okay.

    JJ is the poster child for idiocracy. I like your online persona, John, but I’m fairly sure you’re overpaid by a few orders of magnitude.

  347. Final Doom says:

    meter (354)-

    You win my own personal Massengill Award.

  348. Shore Guy says:

    Edris,

    I had an interesting conversation with a Big 12 school president this morning. This whole situation presents a whole lot of pitfalls and opportunities for many different institutions. It will be fascinating to see what happens.

    I would not be surprised to see Texas remain just long enough to collect exit fees from CU and UNL and then bolt. Or only stay after extorting even more money from the conference.

    This whole thing reminds me of one spouse who keeps telling the other, “If you don’t do X, I am leaving.” The more one allows ones’ self to be rolled, the more one gets rolled.

  349. Shore Guy says:

    Edris,

    I had an interesting conversation with a Big 12 school president this morning. This whole situation presents a whole lot of pitfalls and opportunities for many different institutions. It will be fascinating to see what happens.

    I would not be surprised to see Texas remain just long enough to collect exit fees from CU and UNL and then bolt. Or only stay after extorting even more money from the conference.

    This whole thing reminds me of one spouse who keeps telling the other, “If you don’t do X, I am leaving.” The more one allows ones’ self to be rolled, the more one gets rolled.

  350. grim says:

    New thread… Up Up Up!

    Finally got internet access sorted out.

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  352. Kingtrick says:

    Anyone else feel today’s announcement was just a bit anticlimatic?

  353. Suns Fan says:

    The Big 12 has 10 schools, the Big 10 has 12 – Perfect, I had a hard enough time explaining to my girlfriend why it made sense the Big 10 had 11 schools.

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  381. Though it is barely two months aged, it is time to declare a best scene of Summer 2010. It undoubtedly comes from 1 in the year?s greatest films (although a minimum of three Rotten Tomatoes registered critics disagree with that assessment) and even though it may possibly appear to quickly to recommend it, there?s no doubting number of will match it come July and/or August. As opposed to supplying an in-depth review of Toy Story three (suffice it to say – it is excellent!) let?s instead focus on the seminal sequence within the stellar Pixar trequel, a instant which will have a lot of in tears and have a lot more than a few covering their faces in fear. We’re talking, of course, concerning the SPOILER ALERT incinerator showdown, a moment in time which finds Buzz, Woody, as well as the gang relying about the incorrect plaything to aid in their escape, a massive machine hurtling them ever closer to their doom, and a particular moment of resolve that stands as just one of one of the most mental and heartfelt finales actually in the history of film – reside action or animated. Very first, slightly plot perspective. Toy Story 3 begins many many years following the primary sequel. Andy is now a 17 year aged college bound teen, and his collection of playthings are feeling the sting of neglect and achievable disposal. Pushed to complete one thing with the trinkets remaining, Andy decides to place them from the attic. Rather, his bag is mistaken for trash, and our plastic heroes prevent the landfill by hiding out in one more box intended for any neighborhood daycare. There, they find out a surreal situational pecking order. Leader toy Lotso Hugs the Bear (Ned Beatty) runs the location like a prison, placing the new ?recruits? from the Caterpillar Room alongside using the rambunctious, destructive toddlers. In the event you survive, and aren?t sooner or later thrown out, you may well get to live out your days inside serene fun on the older kids? Butterfly region. Desperate to break out, our familiar buddies escape through the only obtainable way out – the garbage chute. Prior to long, they discover themselves inside really same harmful dilemma they had been hoping to stay away from inside the first place. cover art Toy History 3 Director: Lee Unkrich Cast: Tom Hanks, Tim Allen, Joan Cusack, Ned Beatty, Don Rickles, Michael Keaton, Wallace Shawn, John Ratzenberger, Estelle Harris (Disney/Pixar; US theatrical: 18 Jun 2010 (General release); UK theatrical: 18 Jun 2010 (Standard release); 2010) Trailer Official Site Therefore we arrive to our major SPOILER warning. Again, rather than reviewing the movie itself, which needs the acknowledged repetition of sentiments expressed endlessly more than the last couple of times, we will concentrate on a single sequence?again, call it the ?incinerator stand-off??and use it as being a signifies of explaining Pixar?s enduring energy inside of the artform. With their record currently at 11 – 0, the business has nevertheless to create a certified bomb and, for a lot of, have only created masterpieces (both minor and significant). In the case with the final act realization that they could possibly end up inside a fiery inferno, the action on the titular toys is so moving, so incredibly easy that it shows how efficient much less could be at expressing one of the most important of emotions. As with a lot of action sequences, the final minute getaway seems imminent. While Woody flails about manically, looking to uncover the probable exit, the rest of his companions are much less certain. Eventually, they recognize the hopelessness of their trigger and commit an act so selfless, so instinctual of what we?ve felt for these characters, that is certainly stops your heart beat, if only for any moment. They start to maintain hands. Very first Buzz and Jessie (if only accidentally), then Bullseye the horse plus the Potato Heads. At some point, faces serene if nevertheless slightly afraid, they appear to their ersatz leader, Woody, for your ultimate link in their chain of fate. Seeing their reaction, their brave calm and sense of sacrifice, the cowboy that began the whole storyline two decades ahead of grabs their mold formed hands, and waits? It is a stunning sequence, yet another stellar example of the boundaries Pixar keeps pushing. Last yr, the brilliant Up offered a silent ten moment montage which followed the romantic existence and eventual end of lead misanthrope Carl Fredricksen?s fairytale marriage to childhood sweetheart Ellie. It represented a bold, broad stroke, a security in storytelling (and violation of kid vid tone) that only an amazingly talented entity could pull off. It was the same with Wall-E, wherever the opening with the movie painted a dark, dismal portrait of a planet (Earth) actually choking on its personal filth. Ever because Cars, when the corporation was criticized for getting too cartoony and cloying, it appears that John Lasseter and the gang have produced a conscious option to include as significantly dramatic material as they could, realizing that a solid narrative can tolerate such trepidation. Toy Adventure 3 is maybe the pinnacle of this believed process. The whole movie is usually a love letter to the travails of youth, a literal envisioning of the classic Bible line about ?putting away childish things? as just one matures. Andy?s dilemma isn’t so much just one of nostalgia as temporal causation. As he ages, his toys continue to be forever locked in his life in the past. The characters recognize this above and more than once more, arguing against what they see because inevitable providence for their kind?the dump, or in this case, the bowels of a blazing furnace. That soon after all of the bickering, back stabbing and bratling abuse, they choose to go out like heroes is the type of mental epiphany the series may be known for?like Jessie?s Component 2 lament taken to its logical ends. Of course, this actually isn?t the finish for your beloved playthings. SPOILER warning again?they get out from the jam only to face the last decision: how you can endure a existence in Andy?s attic, waiting for your off possibility that, someday, their former owner could have children of his very own and will seek out out these symbols of his formative many years for their amusement. That this gets resolved in a way that may be both wholly satisfying nevertheless tinged with sadness again argues for what Pixar does much better than all other people. Inside a genre that keeps demanding a increased level of performance every time, that does not desire to rest on its laurels so very much as reinvent them in a way that makes more and far more money, the efforts of a corporation more concerned with creativity than the bottom line is beyond refreshing. While something may possibly surpass it, the incinerator sequence is often a perform of art work all its personal. The outcomes is as potent as something you will see all year?as is Toy Adventure 3.

  382. The year was 1995. Toy Tale became the 1st attribute film to possess ever been produced utilizing only personal computer animation. It was one particular in the most considerable events inside timeline of movie historical past. Gone had been the days of traditional, hand drawn animation. A new era had arrived. It may perhaps are already the initial but I believe that it is also just one on the finest. Each Toy Account and Toy Story 2 set an early benchmark for computer animation which has not yet been surpassed. I?m not speaking concerning the high quality of the animation (which yes, has enhanced) but rather the quality in the story becoming told. I?ve noticed a few films which are just as good (The Incredibles, Ratatouille) but I?ll often possess a location in my heart for your Toy Tale sequence. You’ll find two main factors. Firstly, the characters are all so memorable. Woody and Buzz Lightyear are central to the reports but plenty of screen time goes on the supporting players who are just as funny. I speak of Rex the dinosaur, Hamm the pig, and my personalized favourites, Mr and Mrs Potato Head (voiced impeccably by Don Rickles and Estelle Harris).
    Secondly, the reports are laced using a beautiful layer of sentimentality. Usually within the background could be the young boy named Andy who owns and plays with these toys. As he has grown up, his interest in them has slowly faded away. One particular component of me wishes to get all tear-jerky whilst another component accepts that it is reality. These tales are fictional (naturally) but we do encounter similar feelings in our actual lives. As times change, so too do our priorities and our friendships. In this adventure, Andy is on the verge of going to college. He hasn?t played with his toys in quite a few many years and they sit in an old chest in his bedroom. There?s a adorable scene at the begin from the film in which the toys devise a cunning prepare of getting Andy to play with them. It’s actually not a achievement. Now that he?s leaving house, Andy?s mother asks what he would like done while using the toys. Andy wants them stored in the attic but due to a mix-up, they wind up becoming donated to a nearby child care centre. There, they meet a bunch of new toys led by a mild-mannered teddy bear named Lotso (Beatty).
    He tells them that they?ve appear on the correct place. With all of the kids who attend the centre, they?re guaranteed to become played with for a extended, extended time. Some thing is amiss even so. Lotso is not as cuddly as he looks. He forces our beloved toys to the toddlers section on the kid care centre. Following just 1 day of becoming ?played with?, the toys are sore bruised. It is only a matter of time ahead of they?ll be broken by these over-excited children and sent on the scrap heap. They should discover a way of breaking out prior to that it is too late. Toy Tale 3 is one more good chapter inside the sequence. It?s not really as good as the 1st two films but I could quickly sit through it various periods. With such a rich array of fun characters, there is seldom a dull moment. The new toys are all excellent with special mentions going to some psychotic monkey and a metrosexual Ken doll. I chuckled at pretty much every scene shared between Ken and Barbie. There is an exciting action finale which highlights the amazing talent with the animations team. I recently spoke with Australian animator Simon Allen who described that it took roughly a week to appear up with just 5 seconds of movie! You?ve only got to appear from the background of some shots to recognize why. The level of detail is amazing. The public keep demanding more from their animated films and somehow, the animators keep delivering. Above all else even though, Toy Account three can be a enjoyable adventure with a lot of laughs plus a powerful narrative. It’ll undoubtedly capture the attention of each children and adults. It?s nearly not possible not to like.

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