From the WSJ:
Gap Between Most, Least Expensive Housing Markets Still Wide
It’s a familiar conversation among couples on the nation’s coasts: Can you imagine what kind of house we could get if we could keep our jobs and move somewhere cheaper? That idea hangs over Wednesday’s Journal article about how some of the nation’s frothiest housing markets are easing back a bit. As the story notes, there’s a fear among many realtors — especially those on the coasts — that the real estate market has come back so swiftly that homes are suddenly unaffordable again.
The idea of a widening price gap was even more evident in the National Association of Realtors’ annual affordability survey, which it published Tuesday as part of its fourth quarter release on Metropolitan home prices.
For most of the nation, homes are extremely affordable, even among those in the struggling middle class. But the coasts — and in particular California — have reverted to an old pattern of having too many people, not enough homes and price growth that outstrip income growth. Renters have it even worse.
After Honolulu, the nation’s least affordable markets were Orange County, San Jose, San Francisco, New York, Los Angeles and San Diego, according to NAR. All had an affordability index lower than 100, which is the level at which a median-income household has exactly enough income to qualify for a purchase of a median-priced existing single family home.
Not everyone loves NAR’s affordability index — by that metric, there was only one month during the housing bubble when homes were considered unaffordable — but it gives a sense of how things have changed and where they’re going.
Discovering that California is 1) beautiful and 2) expensive is a generational rite that happens over and over again. But the affordability data beg the question: Did it always cost an insane amount of money to live in California? And is the city to city disparity in home prices growing?
To answer this question we looked at some data provided by Jed Kolko, chief economist of Trulia. As a proxy for geographical price disparities, he used FHFA regional home price data to calculate a contemporaneous ratio of the nation’s 10th most expensive home market to the nation’s 90th expensive home market. “In 2013, for instance, the 10th most expensive metro (which was Boston in 2013) cost 2.86 times per foot as much as the 90th most expensive metro (which was Cincinnati in 2013),” Mr. Kolko wrote in an e-mail.
As the graph shows, the nation’s geographical home price gap was widest in 2007, the peak of the housing bubble. It narrowed during the housing bust — in part because prices cratered so much in expensive markets like California — and has now stabilized. The gap grew a tiny bit wider last year, and many of the most expensive markets in 2013 saw outsized increases, as measured by Trulia’s home price monitor.
So, yes, it’s always been more expensive to buy a home in the nation’s priciest home markets. But after a brief respite during the housing bust, the cost of not living somewhere else appears to be widening once again.
@TomWrightAsia: IMF paper refutes 2010 study by Harvard scholars that found high public debt causes economic stagnation. http://t.co/PPhmk7j9Pj
@debradickerson: Know what’s weird? All the women I checked in with (here in upstate NY) estimate the snowfall at 4-6 inches. The men: 8-12.
for the right wingers on this site every day is Valentines day. group fellating never cease
Now that you’ve crossed the troll bridge, some good news for NJ.
http://www.takepart.com/photos/5-worst-and-5-best-states-educate-your-kids/1-massachusetts-one-of-the-five-best?cmpid=tp-ad-outbrain-general
Of course, the good news is that Jersey does something almost as well as Massachusetts.
Here’s wishing happy VD anon. We appreciate having you around as a fluffer.
4 – Perhaps one of the reasons that economic mobility is so much worse in the south vs the northeast. Raises the question – is the reason for the higher cost of living in the northeast due to access to a higher probability of upward mobility? Seems logical that people would pay more for something that gives them a better chance of success.
1 – Reinhart Rogoff was ‘refuted’ shortly after it was published – perhaps they were trying to make a point (and a good one at that), but being it was rife with errors and omissions, which was it’s death knell (even after correcting for the mathematical errors – it does still show an impact, albeit smaller). IMF? 4 years late to the discussion. What’s the point? Did someone at the IMF have an assignment due and just figured he’d grab this one as a softball topic?
[1] So I guess the same IMF stooges think Reinhart and Rogoff’s book, This Time Is Different: Eight Centuries of Financial Folly, doesn’t use a large enough data set and it really is different this time around?
The problem with Reinhart/Rogoff is not that their thesis is wrong. They ignore that the rest of the industrialized world consumes our debt to prop it up beyond what they argue is historically sustainable. We probably need them to exceed that 80% threshold and implode themselves before our debt implodes on itself. It’s always inevitable but this is a gigantic experiment with fiat currencies that has caused a very odd stasis within the global markets.
By the way – Isn’t the IMF in the business of loaning poor countries trillions of dollars?
http://abcnews.go.com/GMA/video/newlywed-woman-dies-base-jumping-utah-22447102
Here she is doing a slightly less thrilling jump: http://vimeo.com/82350282
What’s her life insurance policy look like? Who packed the chute?
[7] grim,
Although its my alma mater and I’ve studied under its professors, the UMass Econ Department is well known for two things: Being a top econ department in terms of scholarship and for being so far left, they make Krugman look like a republican. They earned well-deserved kudos for pointing out the errors in Rogoff-Reinhardt, but one cannot ignore the fact that their magnetic north isn’t the same as the rest of the economic/political world.
anon, Fabian, etc., always dismiss the scholarship of those whose political leanings aren’t their own. Aren’t we right to do the same?
[12] grim,
Odds are she packed her own chute. If I recall, FAA permits you to pack your own, but you cannot pack anyone else’s unless you are a certified rigger. And there would be a card with the chute showing who packed it last.
Our rigger’s last name was Wright, and his nickname was “Notso”. A bit disconcerting actually.
[12] In the picture at the bottom of this page it looks like she’s checking it herself. It doesn’t look very sophisticated and looks like it could easily be mistaken for one of my daughters’ backpacks. All the pics I’ve seen she is using what looks like that same chute.
^^^^^ Forgot the link:
http://au.news.yahoo.com/world/a/21394239/newlywed-dies-in-base-jumping-accident-in-utah-national-park/
[14] redux,
and BASE jumping is a ridiculously dangerous sport. Many seasoned skydivers think those folks are nuts. It’s like HALO jumping–no room for error. Might as well not even pack a reserve. Especially since 2,000 feet is barely enough time to deploy a reserve once you figure out your main failed, and BASE jumpers usually free fall for a bit.
[9] ben,
Simple solution: pass legislation that requires national voting on all bond issuances, records the votes, and makes the voters in favor of issuance (and their heirs, successors and assigns) personally liable on the underlying debt and interest.
Problem solved. Spend away.
[17] not to mention that it’s probably something like 50/50 that your reserve won’t spiral around your failed chute and fail itself if you don’t detach the main first. Yeah, if your main fails on something like a 2K feet jump you are pretty much SOL. Does a base jumper actually have a rip-cord or do they deploy it right from a clenched fist like I think I’ve seen on ancient videos?
you suck…..it must be because you are on the main road….if they light up 34 all they need to do is stick a cable on my entire loop……..2 steps from paradise but looking through the locked gate….
BearsFan says:
February 13, 2014 at 11:46 pm
chi – I have Fios…I read your post as if u had Cablevision and no Fios option? Did I misread?
Great….we are getting trolled by a Hasid……
anon (the good one) says:
February 14, 2014 at 7:39 am
@debradickerson: Know what’s weird? All the women I checked in with (here in upstate NY) estimate the snowfall at 4-6 inches. The men: 8-12.
Something tells me that I will be seeing this guy’s name on a future quarterly report of individuals who have chosen to expatriate:
http://money.cnn.com/2014/02/14/investing/tom-perkins-vote/index.html
As the article notes, he was being deliberately outrageous but that isn’t gonna stop the folks who want his hide.
I’d even go so far as to bet that if he does walk into a consulate, turn over his passport and sign a CLN application, he’ll be the first person to feel enforcement under the Reed Amendment.
[22] redux,
FWIW, the idea of “one dollar, one vote” isn’t a new one.
[21] chifi,
And if that research I posted a few days ago is correct, a sadistic Hasid at that. . . .
#6 Grim,
In theory, that sounds about right. The problem is that the decimation of the financial sector caused many late 30s/mid-40s folks to get thrown from the executive path to prosperity. FT jobs are very scarce and you get well ahead of any potential job cut. If you don’t then you are thrown into world of consulting which it is a game of limbo. The salary bar gets lower and lower. You are toast in terms of moving up at this age. I know so many wishing they could get out of here
Big pet peeve: When a parking lot is snow-covered, any parking lot, please have the courtesy of parking close enough to the next car so that someone else can park as well. Why do people leave big gaps between cars so no one else can fit in between? I know you can’t see the parking spot lines but use your head. People are selfish sl0bs.
That didn’t take long…..
Recovering Mets pitcher Matt Harvey is staying busy off the field.
He’s dating brunette model Ashley Haas, who’s signed to One Model Management.
Harvey and Hass were spotted together at the Cinema Society and Grey Goose party for “Pompeii” at the Standard East Village Wednesday night, although they did not pose for pictures together.
Harvey underwent Tommy John surgery in October, and while it’s doubtful he will appear this season, he has said he wants to be back in September.
Dude…you are a newbie at your job….it is their form of hazing the old guy….they are just checking what kind of pair you have…..
Fast Eddie says:
February 14, 2014 at 9:37 am
Big pet peeve: When a parking lot is snow-covered, any parking lot, please have the courtesy of parking close enough to the next car so that someone else can park as well. Why do people leave big gaps between cars so no one else can fit in between? I know you can’t see the parking spot lines but use your head. People are selfish sl0bs.
[19] expat,
You can deploy a reserve safely on a 2K jump, I’ve seen it happen. But it assumes you are using static lines so that it is immediately apparent you have a failure. The main cuts away when the reserve deploys so there shouldn’t be tangling.
The BASE jumpers use the hand-thrown drogue chute because it deploys faster. The issue is that they choose to free fall so by the time you figure out you have a main failure, its pretty much too late. Also, I bet a sense of complacency sets in so once you do discover it, you panic and then . . .
I stopped my training jumps when I started having the dreams of rig failure, the ones where you wake up in a cold sweat just before impact. Also, it was kinda expensive and I didn’t have the money. But its crossed off my bucket list.
Happy Valentine’s Day (JJ Edition):
Just in time for Valentine’s Day, a cheating-heart Web site is telling New York where all the two-timers live.
Park Slope, Gramercy Park and Tribeca are the top Big Apple neighborhoods for cheaters, according to the adultery-promoting matchmakers at AshleyMadison.com.
The site claims it has 840,300 members in the five boroughs, Long Island and southern Westchester County.
Park Slope in Brooklyn has 10 percent of the local unfaithful, according to the Web site.
The Manhattan neighborhoods of Gramercy Park and Tribeca follow close behind, at 9.7 percent and 9.6 percent, respectively.
The next two most unfaithful local communities are Great Neck — AshleyMadison’s top Long Island community, with 8.8 percent of area membership — and Hell’s Kitchen in Manhattan, at 8.7 percent.
The Top 10 cheating nabes are rounded out by the Upper East Side, with 8 percent, Astoria, Queens, at 7.6 percent, the Nassau County village of Old Westbury at 7.1 percent, Brooklyn Heights, with 6.4 percent, and the Suffolk County hamlet of Dix Hills, with 6 percent.
anon (the good one),
OMG, no wonder why you are any angry liberal! You’re in upstate NY? What do you do for a living? Are you, like, working at the local bait and tackle store?
ChiFi [28],
lol! :) It’s at the train station and every parking lot; store, building, wherever, is the same way. I get there extra early and always pull in tight enough just so I can get out of the car.
Parachuting is illegal in national parks, and I do not feel sorry for people who die doing this or put on the wing suits etc. They know the odds of going splat are actually petty good one of 2,340 BASE Jumps someone dies, and in contrast to 1 in 117,000 skydives. You ignore the numbers and you tempt fate.
Here are some stats.
http://www.blincmagazine.com/forum/wiki/Fatality_Statistics
Love to morons who don’t even bother to clear the rear window of their car and barrel down the highway at 70 MPH, there was a good few of them out this morning.
Don’t you love the NYC mayor and schools chancellor on their explanation why NYC schools were open yesterday? He’s a liar and an 1diot and she’s a sen1le hag.
Another base jumper who did not die, but he did mess with the safety systems on the doors of the Gondola, someone else could have died because of it.
http://www.dailymail.co.uk/news/article-2558694/Base-jumper-evades-police-making-illegal-jump-ski-lift-posting-footage-YouTube.html
35 – Deblasio would have caught sh1t no matter what decision he made yesterday. It was a lose – lose.
Al Roker – Long range DiBlasio forecast: 1 term
Consulting jobs over 50 are for very sad folk. My buddy got let go at 53 from his real job and ended up in some crappy consulting company like protivity and was carring a lap top, briefcase visting third tier clients in Jersey, SI, Brooklyn and Queens boxed out of most of Manhattan as they use white shoe firms or Big Four.
Funny when I worked with him when he was a big shot at 48 used to tell great stories of when he was a junior auditor at Arthur Anderson doing entry level audit stuff. One he almost fell in a 25,000 gallon vat of paint whil doing an inventory audit at a Benjiman Moore factory.
But funny when he ended up at 53 doing same job he had at 23 he sounded like he needed to call the suicide preventation hotline.
25.Bystander says:
February 14, 2014 at 9:36 am
#6 Grim,
In theory, that sounds about right. The problem is that the decimation of the financial sector caused many late 30s/mid-40s folks to get thrown from the executive path to prosperity. FT jobs are very scarce and you get well ahead of any potential job cut. If you don’t then you are thrown into world of consulting which it is a game of limbo. The salary bar gets lower and lower. You are toast in terms of moving up at this age. I know so many wishing they could get out of here
Abe Beame when he was mayor related better to the elementary students as he was the same height.
38.Juice Box says:
February 14, 2014 at 10:21 am
Al Roker – Long range DiBlasio forecast: 1 term
Yes, they loan them fiat/credit and then foreclose on their actual/tangible resources. Nice gig if you can get it.
grim says:
February 14, 2014 at 8:30 am
By the way – Isn’t the IMF in the business of loaning poor countries trillions of dollars?
No, you don’t combat hypocrisy with more of it.
Comrade Nom Deplume, Guardian of the Realm says:
February 14, 2014 at 9:18 am
Aren’t we right to do the same?
19 states join fight of Fredon man against gun laws
http://www.njherald.com/story/24717740/2014/02/13/19-states-join-fight-of-fredon-man-against-gun-laws
Posted: Feb 13, 2014 3:20 PM EST
Updated: Feb 13, 2014 3:20 PM EST
FREDON — Nineteen states have now joined the fight of a Fredon man who is challenging New Jersey’s concealed carry laws.
The Wyoming Attorney General’s Office, acting as lawyer for Wyoming and the other states, on Wednesday asked the Supreme Court to grant a hearing to John M. Drake and others who are challenging a recent appeals court ruling.
The support comes two days after the National Rifle Association — the nation’s largest gun rights organization — lent its support to the case as reported by the New Jersey Herald.
John Drake, of Fredon, is the current namesake for a 2010 lawsuit titled Drake v. Jerejian, challenging the New Jersey law that those who want concealed-carry permits must show “justifiable need.”
Drake has said his justifiable need is that he runs a business that owns and services ATMs. This requires him to carry large sums of cash.
The lawsuit also includes three other New Jersey residents and two organizations.
Upon hearing the news of the support his case is receiving, Drake said that it was surprising.
“Like with the NRA’s support this is another unexpected but nice surprise,” Drake told the New Jersey Herald on Thursday.
The brief from Wyoming Attorney General’s Office says that Wyoming and the other states are concerned that if the appeals court ruling stands, it could threaten their less-restrictive concealed carry laws.
“This decision out of New Jersey impacts the right to keep and bear arms outside of the home,” Wyoming Gov. Matt Mead said Wednesday. “So, I felt it was necessary to have the attorney general support a petition to the Supreme Court to hear this case.
“If the current decision stands, states providing greater protections than New Jersey under the Second Amendment may be preempted by future federal action,” said Mead, a Republican.
Wyoming is among the most pro-gun states in the nation. Although Wyoming still issues concealed carry permits to its citizens, the state in 2011 changed its laws to allow concealed carry without a permit.
Drake said that the support from the 19 states shows there are a lot of people who have respect for the Bill of Rights and is in the process of writing a thank you letter to Gov. Mead for his show of support.
“In my opinion it takes a lot of integrity to support a case against another state,” Drake said.
The other states joining in the effort are Alabama, Alaska, Arizona, Arkansas, Florida, Georgia, Kansas, Kentucky, Louisiana, Michigan, Missouri, Nebraska, New Mexico, Ohio, Oklahoma, South Carolina, South Dakota and West Virginia.
The federal lawsuit was filed in 2010 by Frankford resident and Newton business owner Jeffery Muller, Drake, the New Jersey Second Amendment Foundation, the Association of New Jersey Rifle & Pistol Clubs and others.
In January of that year, Muller was tased, beaten and driven to Missouri, where he escaped. His captors had intended to kidnap someone else.
Though the kidnappers were apprehended, Muller feared that their associates might try to harm him and applied for a handgun carry permit, but was denied.
Muller and others filed a federal lawsuit asking that their needs be considered “justifiable needs” and that certain parts of the New Jersey code be invalidated.
In 2011, Muller was granted a carry permit by Superior Court Judge David Ironson in Morristown after two other judges denied his appeal. Muller was subsequently removed from the suit, but Drake and the others continued with it.
When the lawsuit was filed in November 2010, it was titled Muller v. Maenza. Philip Maenza was the Superior Court judge in Morristown who denied Muller his permit.
After Muller received his permit and was dropped from the suit, it was renamed Piszczatoski v. Filko. Rudolph Filko is the Superior Court judge in Passaic County who denied a permit to Daniel Piszczatoski, another member of the lawsuit.
Piszczatoski was a member of the Coast Guard when he joined the lawsuit in 2010. In September 2012, Piszczatoski retired from the Coast Guard, and two months later, applied for a retired law enforcement carry license, which does not have a justifiable need requirement. He was issued a permit shortly after and removed himself from the lawsuit, once again changing the name to the next in line, Drake v. Edward A. Jerejian, the Superior Court judge in Bergen County who denied a permit to Drake.
The respondents in the case are Jerejian, Superior Court Judge Thomas D. Manahan, State Police Superintendent Col. Joseph R. Fuentes, Hammonton Chief of Police Robert Jones, Montville Chief of Police Richard Cook and New Jersey Attorney General John Jay Hoffman.
In January, the group filed a petition to have their suit heard in the United States Supreme Court.
Drake said he anticipates the U.S. Supreme Court to make a decision whether or not to hear his case by June.
“I hope to have this heard in court by the fall,” Drake said.
clot: critique….please….
http://www.cnn.com/2014/02/13/justice/tennessee-lawyer-letter-bomb-death/index.html?eref=rss_mostpopular
http://www.thedailybeast.com/articles/2014/02/13/a-mob-defying-former-mayor-knows-why-new-jersey-is-so-corrupt.html
Jim Fregosi < Vigoda
“The guy that’s making, oh my God, he’s making $35,000 a year, why don’t we try that out in India or some countries we can’t even name,” Konheim said on CNBC’s “Squawk Box” on Wednesday.”
http://finance.yahoo.com/news/nicole-miller-ceo-asks-americans-232329084.html
“When asked for one big idea that would change the world at a speaking engagement in San Francisco Thursday, CNN reports he offered up the “Tom Perkins system,” arguing that taxes should be “like a corporation. You pay a million dollars in taxes, you get a million votes.” And “you don’t get to vote unless you pay a dollar of taxes.”
http://finance.yahoo.com/blogs/daily-ticker/one-percenter-tom-perkins-puts-his-foot-in-his-mouth—–again-145008503.html
These guys are sick. These last two posts highlight how out of touch with reality some of the 1% really are. Only 1%ers I respect are bill gates and buffet’s crew, the rest are out of their minds due to greed.
This jerk-off has the nerve to bring up the fact that Indians would be happy making 35,000 a year. Is this guy for real? Does he not realize how out of touch this makes him sound. Proof, that being in the 1 % does not automatically mean you are smart or gifted.
Michael Corporations are people. The Supreme court Justices won’t change their minds
on the subject either. Since corporations already buy the politicans why can’t they just buy the elections too?
Totally agree
“The problem with Reinhart/Rogoff is not that their thesis is wrong. They ignore that the rest of the industrialized world consumes our debt to prop it up beyond what they argue is historically sustainable. We probably need them to exceed that 80% threshold and implode themselves before our debt implodes on itself. It’s always inevitable but this is a gigantic experiment with fiat currencies that has caused a very odd stasis within the global markets.”
CEOs often make 10% of entire payroll. So what, nothing stopping anyone of us from being a CEO so dont be a hata
52- and anyone can be President right? All smoke and mirrors. CEO has to know the players in the game, and these players decide who is CEO. Pres and CEO follow the same path.
“CEOs often make 10% of entire payroll. So what, nothing stopping anyone of us from being a CEO so dont be a hata”
Base jumping has nothing on these crazy Russian guys…
http://www.nydailynews.com/news/world/pics-urban-ninjas-scale-china-tallest-building-article-1.1612712
There is a video posted out there capturing the madness. Something isn’t right in their heads.
Who granted Jeff Bezos permission to become CEO?
1% gets more vote is equal to lobbying. Difference in lobbyin is they have to spend to get what they want
[22] redux
And as further proof of my thesis, see posts 47 and 48.
[50] juice
Corporations are people. So are unions, nonprofits, associations, advocacy groups, . . . .
The CEO was right in a way about folks whining who make 90K in NY when if she paid someone 35K in India for same job they would be super happy and feel rich.
Kids today shopping could care less where they get it online. They find what they like then they google stores, go to retail me not for codes, go to Amazon or ebay and buy the cheapest.
Older folks aka me are now doing the same. Someone backed into my tailight. 650 at my caddie dealer. in person plus $150 to install. Caddie dealer midwest online same part 500, then to after market on on-line stores, priced at $300 to $350 then finally ebay had one for $240 and I bought it.
Honestly I have no clue how retail gets these mass armies of folks to work for them for almost nothing. But whole system is set up that way. Otherwise we would $10 dollar big Macs and $7 dollar Carvell ice cream cones.
#39,
House of Lies, it ain’t. I got lucky bc I spent 8 months hustling to get ahead of forthcoming job cut. Knew it was coming as three directors left in two month span. I had back to back interviews with hedge funds- AQR and Bridgewater. Thought I had AQR wrapped up. PM directorews loved me. Unfortunately IT wanted no one managing their work. I got squashed. Bridgewater? Forget it. They do scenario interviews. Very intense. You can’t prepare. Luckilt I got consulting gig next day after my old IB let me go. I was able to get much higher rate bc they thought they pulled me away. Agency still tried to lowball me tge day before my start. I said no way. Desperate is f-ed right now.
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To highlight how crafty you must be, there were two legal entity controllers let go in Sept. One saw the writing and interviewed for months prior. He got SVP offer one week after he was fired. The other? Blindsided and spent months trying to find gig. He is now consulting and commutes down to Wall Street from CT. 1.5 hours each way. He is misersble.
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$35000 is alot of money in India and their CEO makes $60k. Lets us talk about rolling back that multi million dollar salaries.
Grim,
Some nice developments in wind power.
http://www.technologyreview.com/news/513266/will-vertical-turbines-make-more-of-the-wind/
more importantly Flabby……..not said because it does not fit the media agenda, but this collapse was caused by the extra weight of the panels….
A section of the roof of a snack food warehouse in Bayonne collapsed this morning, and the heavy snowfall is being blamed.
“Someone told us there was a leak in the roof and then we heard a crash,” said Motty Schapira, of Brooklyn, the shipping manager for E&F Warehouse Star Snacks.
Schapira said the roof, solar panels and a heating unit that were on it, came down at roughly 8 a.m. at the beginning of the work shift. He said there were 30 employees in the facility when the roof caved and forced the building closed.
No workers there were injured, but water and gas lines inside the building were fractured and leaking.
At 1 p.m. a Bayonne firetruck stood outside the facility waiting for inspectors to arrive. “The fire department came and shut down the whole building,” said Schapira. “There’s a lot of damage.”
Schapira said he was told by fire officials they wouldn’t be able to return for days. “They told us the inspector has to check the building,” said Schapira.
Schapira expressed concern about how this was going to affect production.
“This is going to slow down our business,” said Schapira. “Business has been slowed down because of the weather already and now this doesn’t help.”
#66 Chi
So what’s your point? The Bayonne Building inspector signed off on an installation that couldn’t take the load.
And the impact of cheap dirty energy continues.
http://www.huffingtonpost.com/2014/02/11/west-virginia-coal-slurry-spill_n_4768941.html
Here is the true endgame with Fracking. We get the environmental disasters and then the bankruptcies to protect the gains and socialize the losses.
http://www.businessweek.com/articles/2014-01-21/new-accusations-against-freedom-industries-in-west-virginia-spill
The GOP are finally waking up to reality.
“I think Republicans will not win again in my lifetime for the presidency unless they become a new GOP, a new Republican Party,” Paul told Beck. “And it has to be a transformation. Not just a little tweaking at the edges.”
http://www.huffingtonpost.com/2014/02/14/rand-paul-gop_n_4789035.html
Gary, don’t rail against O, he won because THERE WAS NO OPPOSITION!
Until that changes the Dems hold the WH.
GOP 2020, the next realistic chance.
68 – In China, they dump the coal slurry wherever they like … on purpose. Perhaps we should focus our energies there?
How do you say OSHA in Mandarin?
Gary, don’t rail against O, he won because THERE WAS NO OPPOSITION!
I can’t agree more. And the narcissistic, phony, lying d0uchebag is playing dictator unabated.
Flabo: I just got my gas bill several days ago…..the worst winter in a LONG time…..$297…….I was stunned…..I had a $460 bill in 2008 in much milder weather…..AND there is SUBSTANTIALLY less particulate matter in our air than several years ago……… I think I will go off on a potato eating, riverdancing, Jameson swilling binge……go stick a crock-o-gold up your a%%…..
Speaking of Flabo….here is a televised anti-fracking protest rally….
https://www.youtube.com/watch?v=Ua-ZWcfvdEA
Libturd…..
http://finviz.com/
punch in a ticker
Nom – padding the voter rolls with felons for 2016?
http://www.nj.com/opinion/index.ssf/2014/02/new_jersey_should_not_deny_felons_the_vote_editorial.html#comments
Gary #71 said “I can’t agree more. And the narcissistic, phony, lying d0uchebag is playing dictator unabated.”
I don’t usually get involved in the political discussions. My question is, if a moderate/electable (pretend if you have to) republican were in office, what would be so different about the current state of affairs in this country?
Quite honestly, not very much in my opinion. All that changes is the rhetoric. All you guys who cry about how liberal Obama is are seeing something that I must be missing. As far as I’m concerned George Bush is still POTUS and he’s got a great tan.
77
30 year,
Yup
76
juice,
Even though our prison/parole system is fcuked, people who’ve been released should have all the rights as everyone else.
Corporations having as their nuclear bomb option the fact that if something goes wrong, or if they’re caught, they can go bankrupt and the INDIVIDUALS are fine… is nothing new. An individual or group of individuals once incorporated should not be granted limited liability automatically… advocate for the elimination of that, or shut up and move on.
Fabius Maximus says:
February 14, 2014 at 3:00 pm
We get the environmental disasters and then the bankruptcies to protect the gains and socialize the losses.
“It should be clear…that corporations are not at all monopolistic privileges; they are free associations of individuals pooling their capital. On the purely free market, such men would simply announce to their creditors that their liability is limited to the capital specifically invested in the corporation, and that beyond this their personal funds are not liable for debts, as they would be under a partnership arrangement. It then rests with the sellers and lenders to this corporation to decide whether or not they will transact business with it. If they do, then they proceed at their own risk. Thus, the government does not grant corporations a privilege of limited liability; anything announced and freely contracted for in advance is a right of a free individual, not a special privilege. It is not necessary that governments grant charters to corporations.” Murray Rothbard, in Man, Economy & State http://mises.org/rothbard/mes/chap15d.asp
You underestimate how much this Obamacare morass hurts business. Businesses hold back on spending when there is uncertainty…..again, it is not a black and white decision, but collectively, uncertainty has a huge impact on decisionmaking and millions on tiny decisions that pulse through the economy…..the Administration is staffed with political hack with little business experience…..they deal too much in the theoretical…..
another huge issue is providing a tax holiday for off-shore trapped cash…..the problem is that the gatekeepers look at it as a corporate giveaway and impossible to sell the electorate……a more rational view would acknowledge that…while corporate America and their shareholders are given a huge favor…..regardless, the money filters back into country and gets allocated for new capital projects…….
DeBlasio is the most colorful and transparent example of the mindset that is crippling us………
30 year realtor says:
February 14, 2014 at 5:02 pm
Gary #71 said “I can’t agree more. And the narcissistic, phony, lying d0uchebag is playing dictator unabated.”
I don’t usually get involved in the political discussions. My question is, if a moderate/electable (pretend if you have to) republican were in office, what would be so different about the current state of affairs in this country?
Quite honestly, not very much in my opinion. All that changes is the rhetoric. All you guys who cry about how liberal Obama is are seeing something that I must be missing. As far as I’m concerned George Bush is still POTUS and he’s got a great tan.
I was looking for a better analysis that I’ve read previously on the subject of the market, the state and limited liability, but couldn’t find it quickly enough so I went with the above that does a decent job summing it up.
Basically:
The second and third parties within a transaction(s) (e.g. vendor/customer, insurer, respectively) should get to decide where the limits to liability will be placed… or they get to accept/debate the proposal of limits to liability by the corporation initiating said current or future transaction(s).
82
chicago,
How are we to know that similar legislation named something other than ‘obamacare’ wouldn’t have been passed?
or an equally horrible legislation, or set thereof, regarding something other than healthcare?
j: in 2008…..I think HRC or McCainphony wouldn’t have had the intellectual dullness to shovel this crap at us when there should have been a focus on rebuilding the destroyed economy….the most ill-timed, opportunistic, and incredibly cynical pile of crap given the veil of hope and change……how repulsive….
#71 Fast Eddie,
So don’t hate the player, hate the game.
chicago,
Even if true, I think you’re overestimating how much say the front man really has in what ultimately happens.
#72 Chi
So what caused that big run up in gas prices in 2008 or is that not relevant. And if gas is now so cheap, why could the $2 gas price not be maintained, why are we now sitting at $5?
#73 Chi
You looking a dance off?
http://www.youtube.com/watch?v=3SKAz5fG7R8
#82 Chi
Still banging on that tax repatriation. All you get is no jobs big CEO bonuses and stock buy backs.
No Jobs.
http://www.offthechartsblog.org/cbo-ranks-repatriation-holiday-dead-last-in-job-creation/
#83 Joyce
What rights do I have to have a clean water supply. What rights do I have that stops a company poisoning the water and disappearing without reparation. Why should I need reparation in the first place?
@SenSanders: Must Read: How Dark Money Flows Through the Koch Network – @ProPublica: http://t.co/WKswu1Nuwm #KochBrothers
re # 79 – sure they should be allowed to own guns as well right? How about crossing borders? Should we start a war with Canada or England because they won’t let our felons travel there?
#86 Chi
That opened up the debate on healthcare costs that had seen premiums double in the previous decade. Removed the preexisiting conditions and job-lock that came with it. In the long run it will be better for the country.
People who take more than 1 shower a week are depriving me of clean water.
#70 Grim
When your town complains about the price of salt for the roads, just put them on to this. Everyones a winner!
http://wamc.org/post/riverkeeper-raises-concern-over-fracking-waste-de-icer-ny-roads
ChiFi:
Appreciate the FinViz link, but knew about it already. Some clubs that have given up the Stock Selection Guide use the FinViz data only to make their selections.
I agree. They should have their firearms rights restored.
Juice Box says:
February 14, 2014 at 6:54 pm
re # 79 – sure they should be allowed to own guns as well right? How about crossing borders? Should we start a war with Canada or England because they won’t let our felons travel there?
A good technology to get behind.
http://www.technologyreview.com/news/512321/safer-nuclear-power-at-half-the-price/
I rely on all of the ideas you might have displayed in your posting. There’re really convincing which enable it to unquestionably do the job. However, the threads are too fast for newbies. Can you please increase these people a little through the very next time? Wanted article.
Can I write about this on my twitter?