From the Star Ledger:
N.J. has largest share of homes in foreclosure, report shows
A greater share of homes in New Jersey are facing foreclosure than anywhere else in the country, according to a report released Tuesday morning.
The report from the Irvine, Calif.-based firm CoreLogic shows 4.9 percent of mortgaged homes in New Jersey were in the foreclosure process in May, which is nearly quadruple the national rate of 1.3 percent. In May 2014, 5.8 percent of mortgaged homes in New Jersey were in foreclosure, compared to 1.7 percent of homes nationwide.
New Jersey has been dealing with a backlog of foreclosures, which are slowly winding their way through the state’s judicial process.
New York (3.7 percent), Florida (2.9 percent), Hawaii (2.5 percent) and the District of Columbia (2.4 percent) also have among the highest foreclosure rates in the nation, according the CoreLogic report.
Roughly 9,200 foreclosures were completed in New Jersey over the last year, according to the report, up from more than 6,300 completed foreclosure in the year ending in May 2014. That’s counter to the national trend. The number of completed foreclosures declined between those time frames 595,000 to roughly 528,000.
@TheTweetOfGod:
Who wins in a fight between Donald Trump and El Chapo?
Everyone.
So when does Christie drop out?
“So when does Christie drop out?”
Hopefully not before a debate.
Trump has always been an attention whore. Not surprised that Anon is his most loyal customer.
Main Story – So what’s been patently obvious for a very long time is just, barely, starting to drip into MSM.
Grim, thought you might find this piece interesting
Nearly every job in America, mapped in incredible detail
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/07/14/nearly-every-job-in-america-mapped-in-incredible-detail/?postshare=181436881793715
D…very cool map.
LOL. From the CoreLogic report, Besides being the “Foreclosure Inventory” leader at 4.9%, NJ is also the runaway leader in “SeriouslyDelinquency Rate” at 8.4%, yet they actually completed less foreclosures in NJ than Oklahoma with corresponding numbers of 1.4% and 3.5%.
I’m not sure how the Venn diagram between Foreclosure Inventory and SeriouslyDelinquency Rate works, but perhaps they are non-intersecting? That would make NJ’s number at 4.9% *PLUS* 8.4% = 13.3% of all mortgaged properties just buying cars, boats, and vacations but not paying their mortgage.
Wicked T-storms headed through Jersey now. Woke me up here in ChesCo and I rate it as one of the three worst I have seen in my lifetime.
dammit. “Serious Delinquency Rate”, not “SeriouslyDelinquency Rate”, and what is that anyway? > 90 days ? > 120 days? Any amount of days over 90 up to years and years but no LPF or NOD filed so, technically, just “seriously delinquent” but absolutely not in foreclosure? Nothing to see here. Keep moving.
[6] DFENS
That is very cool. I was surprised to see well defined pockets of IT in NY and NJ, especially in lower Manhattan; I would have expected IT and Fin to be pretty much diffused in with each other.
And the omission of Boston is inexcusable but it takes a lot longer to map all of that awesomeness.
[1] anon (the useless one)
To paraphrase the great James T. Kirk, “What does God need with a Twitter Account?”
Jersey City Stands out as having lots of “Blue” (Professional Services) jobs.
Other NJ cities showing lots of “Green” (Healthcare, Education, and Government).
Camden, once a manufacturing hub, now mostly Green.
Atlantic City, another standout, mostly “Yellow” (Retail, Hospitality, and other services), as one would expect.
“And the omission of Boston is inexcusable but it takes a lot longer to map all of that awesomeness.”
Either that, or the l1beral soc1alist state of M@ssachusetts has too few jobs to map.
I bet some dopey recent college grad had the task of proof reading the CoreLogic report. North Dakota and Vermont are both listed twice, with slightly different data, on the Judicial States data table.
[6] jobs map – “Sorry, people of Boston: Massachusetts is the one state missing in this dataset.” – Interesting.
[14] libturd,
Don’t confuse all of Mass with the People’s Republik of Cambridge, and its outposts of Northampton-Amherst and P-Town. It’s a decidedly purple state.
Since we are into maps today, this one was interesting . . .
http://www.nytimes.com/interactive/2015/05/15/upshot/the-places-that-discourage-marriage-most.html?WT.mc_id=2015-KWP-AUD_DEV&WT.mc_ev=click&ad-keywords=AUDDEVREMARK&kwp_0=18217&kwp_4=138305&kwp_1=158935&_r=0&abt=0002&abg=0
[16] It is kind of interesting how they phrased that disclaimer. Almost as if only people living in Boston would actually be bright enough to want to want to see MA state data. Perhaps not too far from the truth.
“Don’t confuse all of Mass with the People’s Republik of Cambridge, and its outposts of Northampton-Amherst and P-Town. It’s a decidedly purple state.”
Says the poster who moved from one blue state to another recently.
[14] Lib – MA has a decidedly rosy jobs outlook…until the last of the greater fools empty their parents’ retirement savings into university coffers, that is.
“And the omission of Boston is inexcusable but it takes a lot longer to map all of that awesomeness.”
Either that, or the l1beral soc1alist state of M@ssachusetts has too few jobs to map.
How much longer before Israel bombs the Iranian nuclear facilities? I honestly have not been closely following the supposed agreement, besides perusing the occasional headline since I dealing with Iran is akin to a playground pledge. My guess is that within days of the ink drying, whatever monitoring rules were put in place will be denied by Iran. This will be followed by a bombing run by Israel. Obama then goes down as having given diplomacy a chance, and Israel gets away scot-free as they’ll be able to say, “We told you so.”
Stupid liberals.
Trump might bomb Iran about 1 second after he is inaugurated just for the ratings.
Trump Presidential run reminds me of the movie Network…..that was pretty spot on for a 1970’s movie…..
[23] Or, if he could pull it off, Trump would have his transition team bomb Iran right after Hillary Sanders concession speech.
Trump should just adopt a Kardashian already. Or marry one.
Trump might just be step one to our eventual end point:
https://vimeo.com/82074066
[20] libturd
PA is decidedly less blue than NJ
[26] libturd
“Trump should just adopt a Kardashian already. Or marry one.”
Considering what the Kardashians have done to the men in their lives, that sounds like an assassination attempt.
Why either/or ? See Woody Allen for details.
Trump should just adopt a Kardashian already. Or marry one.
[27] expat,
Don’t kid yourself. We are already so there. And we have the president and candidates to prove it.
[30] expat
“Why either/or ? See Woody Allen for details.”
LMAO down here. Why didn’t I think of that?
PA is one big red blockhead with two blue ears.
So when does Christie drop dead?
Grim says:
July 15, 2015 at 6:39 am
So when does Christie drop out?
Anger mounted Tuesday over the city’s decision to pay Eric Garner’s kin $5.9 million before relatives even filed suit over his chokehold death while being busted for selling loose cigarettes on Staten Island last summer.
“It’s an unpopular opinion here; having to pay out all that money isn’t good,” Bea Arroyo, 42, said at a bus stop across Bay Street from where he died.
“The city is paying that $5.9 million out, but it’s not coming outta their pocket — it’s coming out of our taxes.”
Eric Visicoso, 49, who lives in Tompkinsville, where the tragedy took place, said Garner’s racially charged death came “not because of his skin color, but because he was breaking the law.
“Eric Garner isn’t a martyr.”
The cop caught on camera taking down Garner, Daniel Pantaleo, was cleared of criminal charges by a Staten Island grand jury last year. He is still under investigation by the feds for the July 17, 2014, incident.
State Conservative Party Chairman Mike Long called the deal “a slap in the face to the New York Police Department” and a product of the city’s leadership under Mayor de Blasio and City Council Speaker Melissa Mark-Viverito.
“The progressives have lost the moral compass and can’t distinguish between what’s right and what’s wrong,” Long said.
A lawyer for the NYPD sergeants union — whose president, Ed Mullins, on Monday called the settlement “obscene” — said: “This was a case that should have been tried. There were many legitimate legal defenses.”
NYPD Commissioner Bill Bratton refused to comment on the deal struck by city Comptroller Scott Stringer.
The $5.9 million covers any and all claims from Garner’s mom, widow and five children, including one born to his mistress.
During a news conference, Garner’s widow, Esaw, said none of the settlement would be shared with the Rev. Al Sharpton, who has spoken out on the tragedy and appeared at Tuesday’s press conference, or his National Action Network.
Garner’s daughter, Erica, went on a Twitter tirade following the press conference.
“its time that yu a–whole stop talking out of hate it wasnt about money always about justice,” she tweeted in response to online commenters who accused her mom of being “money hungry.”
The Garners’ ex-lawyer, Sanford Rubenstein — fired over an alleged sex attack on a female National Action Network exec — said he expected to get paid an amount “that will be determined either by agreement or by the court.”
Additional reporting by Shawn Cohen, Reuven Fentonand Priscilla DeGregory
That money will be gone in less than a year.
[33] expat,
It’s preferable to NJ, and I will take the Conservative T of PA over Western NJ any day of the week.
Still miss Western Mass; just wish the state was a little less liberal in some respects.
9:00. Whistle at the salt mine has sounded.
But not before they have a leased Escalade with some sweet rims.
That money will be gone in less than a year.
[37] I like Red PA. I’m taking my kids to Knoebels in August.
re” #22 – The Israelis supposedly lack the bombing and logistical capacity without US explicit help. The facilities in Iran are hardened and buried hundreds of feet underground, the refueling would have to be a “pop up” airstrip in Iraq. Lots of logistical issues for refueling and re-arming (multipe sorties needed) and then to deal with Russian made Anti-Aircraft missles, AA guns and advanced radar.
Also Obama won’t let them either. The US Navy has the 5th Fleet with 300 combat aircraft, 30 ships and 35,000 personell there in the Gulf. Our Airforce has a large presence in Saudi Arabia, Kuwait and Bahrain. I doubt a large bombing run is just going to slip by US forces without our IFF codes and Obama’s approval.
I doubt they are ever going to get Obama’s approval now. If McCain (bomb, bomb, bomb Iran) won in 2008 or Romney won in 2012 it might be an all out Gulf War with US boots on the ground.
Pat,
Don’t forget the blue nose aka State College. I recall gay awareness Jean day. Everyone who supported the cause was to wear jeans on a particular Friday. I am sure there was a point in there somewhere.
Juice. What Obama says and does publicly is probably very different than what he says and will do privately. Many of us don’t like him much, but he is not dumb. The US needs Israel just as much as Israel needs the US.
Were the jeans assless?
re: ” Christie drop out?”
He is term limited his only way out is up. He has around 11 million in his PAC and a few percentage points to trade to another Republican candidate. Ambassador to Italy? Attorney General (god help any Dem if he gets that job).
He has to move on there is nothing left for him here in NJ.
re: # 42 – Who said the US and Israel don’t work toghether? Just not on Iran, and that is the truth there will be no bombing and escalation as long as Obama is president.
Let’s see how long it takes for Iran to renig on Obama (did I just say that). Then we’ll see the response. Whatever political gains he made on the agreement immediately are lost.
“A POLITICAL TIP FROM AUSTRALIA: The Republicans, Fox and Rupert Murdoch want Hillary to win the nomination so that they can crucify her in the Presidentials. (So much history, so much scandal, so many unanswered questions, so much to criticise,) They DO NOT want to face Bernie in the Presidentials because they know, when Bernie talks, people listen – REALLY listen. They know that Bernie will annihilate them in the Presidentals. He can’t be bought, he can’t be intimidated, he can’t be tamed by corporate America and he can’t be silenced. He has all the momentum now and is gaining momentum exponentially. There are people following him from all over the world, and millions more will follow him in the lead up to him taking the White House. Bernie is a once-in-a-generation WORLD leader. Be prepared for FOX and Murdoch to wage a vicious campaign depicting him as a radical who will destroy your country. Murdoch destroyed our Australian Democratic Prime-Minister and Treasurer even though they guided us through the Global Financial Crisis with a triple-A credit rating from the World Bank and International Monetary Fund, we avoided a recession (GFC? What GFC?) and our Treasurer Wayne Swan was awarded “World’s Best Treasurer” at a ceremony in Washington in 2011. At the same time Murdoch waged a media war in Australia and tore them down with a relentless “ECONOMIC IRRESPONSIBILITY” campaign. SERIOUS! Be prepared to fight and spread the word. I cannot emphasise how destructive they will be. Rupert Murdoch will NOT want Bernie to get to the Presidentials, because someone like Bernie – who is not at all enamoured by obscene wealth – scares Rupert Murdoch to death. Rupert Murdoch – the man who relinquished his Australian citizenship to become an American, for the sole purpose of making BILLIONS OF DOLLARS. So please do everything that you can to help him win. Bernie fights for you, please fight for him. Please repost on your timelines. With you, in the struggle, Aleta Langdon. Australia.”
re # 46 – Tard, the Iranains are the ones who are bending here, sometimes you have to take a leap forward. It isn’t 1979 anymore. Iran is a modern country of 80 million people 60% of whom are under 30 years old. They aren’t a bunch of goat herders in the hills who you cannot reason with they have an educated population. Internet penetration is 53% across the population and 77% in Tehran and they have 11 million mobile data plan users. They are ripe for change ala Turkey their NATO neighbor who they have generally peaceful relations with and share a large border and trade with regardless of sancitons. It is a big world the US cannot shape all of it, times are changing.
@Salon: Donald Trump is the idiot in charge: Sorry, GOP — you created him, now he’s the face of your party
(41) Was that at Rutgers, per chance, in the 1970’s? If it was, that was my fraternity with the counter response. BTW, there was no point to it except to antagonize the student population.
Move along nothing to see here. While Trump is gaining popularity amongst the ignorant talking about fruit pickers and immigrants, China and Russia is expanding their influence.
‘China would be the bank and Russia would be the big gun’ in Central Asia
China continues to take the lead in economic-power ventures, including the Asian Infrastructure Investment Bank and the potential SCO development bank (which Russia is finally warming up to). Additionally, China has become the main moneylender in Central Asia: Its trade volume with the region surpassed that of Russia in 2009.
At the same time, Russia wants to keep its military bases and arms deals in Central Asia, along with the Collective Security Treaty Organization, a security bloc of former Soviet countries.
http://www.businessinsider.com/the-growing-china-russia-economic-relationship-2015-7
Every market is different and you need to have a good realtor that can give you insight on the market as well as track the homes that you like and put a bid on to see what’s happening.
Are We Entering Housing Market Bubble 2.0?
Two friends of mine recently put their home on the market in Portland, Oregon. In less than a week, they received 15 offers and sold it for $60,000 more than their asking price. Another friend and his wife are trying to buy a home in Austin, Texas. They originally planned to spend $500,000 but have since doubled their budget to $1 million in order to compete for the kind of home they want.
But the problem isn’t that there’s a bubble, which would imply irrational price inflation; it’s that there simply isn’t enough supply to satisfy demand.
Generally speaking, prices rise when the supply of listed homes falls below six months’ worth of sales. Right now the inventory of unsold homes equates to 5.1 months’ worth of sales at the current pace:
http://www.fool.com/investing/general/2015/07/13/are-we-entering-housing-market-bubble-20.aspx
If you have Amazon Prime membership, today is a good day to look at some deals.
Another friend and his wife are trying to buy a home in Austin, Texas. They originally planned to spend $500,000 but have since doubled their budget to $1 million in order to compete for the kind of home they want.
This is completely nonsensical and not representative of any kind of reality. Reeks of bullshit.
But the problem isn’t that there’s a bubble, which would imply irrational price inflation; it’s that there simply isn’t enough supply to satisfy demand.
I’ve never seen anything like it. The number of people unable to list their home is just staggering. I go from NJMLS, to Trulia, to Zillow and look at maps of a dozen towns every day and there is either over-priced sh1t that no one would touch or very high end homes with seven digit price tags.
Nom: does your wife still own restricted shares from her NJ employer? huzzah!
Juice.
We’ll see how changed they are. Obama gave the house away to get this deal. If Iran (leaders) does not submit to schedule of monitors, then nothing there has really changed, regardless of what the Times claims.
[54] Grim
Why couldn’t that be like someone wanting a nice renovated 4br, good schools, in a train town for $450k in NJ? They look and realize they need to re-adjust to $700k+.
However I agree, doubling doesn’t sound realistic but it’s great click bait.
Nom [18];
That link reminds me of this: http://www.xkcd.com/1138/
48, then why does a large oil rich country in the middle of the desert want to pursue Nuclear Power. The difference between Turkey and Iran is that I can go to a bar in Istanbul, try that in Tehran! The only deal to make is sanctions withdrawn in return for a total ban on Nuclear activities and UN inspectors anything short of that is very risky. Iran is still a Theocratic state that until recently was run by someone who was certifiable. Yes some of the young people of Iran want change, but the repressive government will not allow such things and that is who is running the show. In that part of the world even our “Friends” are our enemies.
55, some of the stuff is ridiculous, my realtor is sending me crap shacks for 800k, at least 80% of the “Market” seems overpriced and thus doesn’t move. Comment of the week from my realtor I guess 700k does buy what it used to, bad lot, bad house, bad smell(seriously smelled like death and mold), not this house is terrible and massively overpriced. I think the realtors like to show this stuff so when they show you a good one you are primed and ready to purchase.
re # 57 – Tard – We had more mistrust of the Soviets during the cold war yet we were able to make many nuclear deals over the deacades. Trust but Verify… SALT I in 1969, SALT II in 1972, START I in 1980s, START II in 1991, SORT in 2002, New START in 2010. We are actually going to be down to 1,550 strategic nuclear warheads deployed. We cannot fully blow up the world anymore…
I think the realtors like to show this stuff so when they show you a good one you are primed and ready to purchase.
Wouldn’t be the first time I heard this.
Jack@$$ [57];
I’ll concede you’re right if you can tell me just one job or office (either party apparatus or elected official) as a Republican.
Go ahead, I’ll wait. Excuse me if I don’t hold my breath…
You like an easy whipping boy and he’s happy to have the attention. I’m not sure which one of you looks worse in the relationship. I know who’s smarter.
Juice…all I’m saying is watch the mullah’s deny our inspections. The people don’t run the government over there. Really, ask yourself, why does Iran need nuclear power? They want the bomb and the negotiating power that comes with it. Even if they had it, I don’t believe they would use it.
I think the realtors like to show this stuff so when they show you a good one you are primed and ready to purchase.
Try me. I’m outright daring someone to make me think twice.
re # 60 – We have more oil them them yet we maintain 1500 actively deployed nuclear warheads against a bogeyman that disintegrated into fifteen separate countries nearly 25 years ago. Times are changing, even in Iran.
re # 65- re: “Why does Iran need nuclear power.”
International Treaty they agreed to 45 years ago says they can have it. I know of one country that did not sign the same treaty yet then have atleast a few nuke plants and a few hundred warheads.
Disarmament provisions of the NNPT are to be enforced, that is what this is all about.
We cannot go it alone….
Redux [64];
“job or office Trump has held” as a Republican…
Heck Israel is the 51st state. Rightfully so. This is not about nuclear power. You will see.
65, My thoughts exactly. Iran isn’t exactly an open Country. I can eat bacon in Israel, but if I get caught drinking in Iran it isn’t going to be fun. The Mullahs want the bomb so that they cannot be invaded and can become politically more important in the region, I don’t see them giving up because of the “Historic Deal”.
Juice,
Are you for or against gun control? Because your position on Iran’s nuclear capability leads me to believe that you feel the best way to prevent nuclear proliferation is to give everyone the bomb.
Infrastructure and Utility Company Report (jj Edition):
PORTLAND – Consider it the case of the mysterious swinging d!ldos. Cops are trying to figure who keeps hanging hundreds of white and bright orange d!ldos from the power lines, Reuters reports. The “Portland Office of Neighborhood Involvement” reports the d!ldos are strung up in pairs for maximum swinging possibilities. No worries from the electric company, reporting that ribbed rubber products do not pose a fire hazard when faced with consistent friction (based on extensive testing).
68 no one really is developing nuclear power anymore as it has proven to not be as cost effective as originally believed(nuclear waste and all, leakage risk like Fukishima). The US was ahead of everyone in the world with their 5th gen molten sodium breeder reactors, but shut it down as the appetite for nuclear isn’t big as nobody want to live near a reactor, Europe is getting rid of it’s reactors. If Iran were concerned with energy solar panels in the desert seems more reasonable. No lets not mince words no matter what happens they want civilian power so they can retain nuclear materials and expertise so that they can build a bomb in a clandestine project.
re: # 65 & 72 – Our nuclear powered, nuclear armed 5th fleet is sitting only a few miles off their coast in the Persian Gulf. Hundreds of nuke cruise misslies in their inventory. What do you think the time between firing those weapons and detonation is? 5 minutes at the most? No matter how crazy their leaders seem they are not that crazy.
Eveyone forgets that other madman Saddam, he complied ith the NNTP and yet we still invaded.
You’re not reading me right Juice. I don’t think the Iranian leadership is as crazy as they once might have been. But I don’t believe for one minute that this agreement has anything to do with nuclear power. I can accept our differences of opinion here. The moment the inspectors are told to get packing, you’ll understand that this is about increased proliferation of nukes and not decreasing the numbers.
re: 76- Dollar Hedgemony via sanctions for 30 years +, to the point you cannot even use your credit card there. Also our trading partners have signaled to us they would not keep sanctions on forever, seems now about time for a nuke deal. Rick Steves did a recent segment on Iran and so did Bourdain. Outside the politics the people seem nice, perhaps a new place to visit if you aren’t an alcoholic once tourism opens up, and with that eventually once less Xenophobic country.
re # 72 – gun control… As long as you don’t want to take mine I am all for it right?
re: # 74 – Talking out of your rear again? There are currently over 60 reactors under construction in 15 countries. For comparision there are only 61 commercially operating nuclear power plants in the USA. Most new reactors being built or planned are in the Asian region, though there are major plans for new units in Russia.
We go the way of the Brits, into obscuirty…..
Solar will win, not because it’s a better or cleaner technology, but because the potential environmental disaster of the rare earth mining is largely out of sight, out-of-mind.
Nat Gas – Fracking
Oil – Oil Spills, Exploding Trains
Coal – Mining Damage and Air Polution
Nuclear – Waste and Disasters
Solar – Mining Damage for the rare earths needed for panels
Wind – Mining Damage for the rare earths needed for magnets
So as long as the pit mining disasters and resultant ecological impact exist in China, Latin America, or Africa, more power to us.
Coal seems downright green once you factor in the supply chain of the alternatives.
http://www.theguardian.com/sustainable-business/rare-earth-mining-china-social-environmental-costs
[51] In political circles they have a different name for that group: majority.
While Trump is gaining popularity amongst the ignorant
Historical note:
Adlai Stevenson supposedly said, “That’s not enough, madam, we need a majority!” to a woman who called out to him: “Senator, you have the vote of every thinking person!” during one of his presidential campaigns.
[80] grim – In the mean time, nuclear is winning in the US. While we haven’t built a new nuclear plant in the US in many decades, the lion’s share of additional electrical grid capacity is from …nuclear energy. That’s right, no new plants, but much re-engineering and modernization to increase capacity in existing plants. We would actually be much safer if we decommissioned some old nuclear facilities and built new ones, but NIMBY is as NIMBY does.
Solar will win, not because it’s a better or cleaner technology, but because the potential environmental disaster of the rare earth mining is largely out of sight, out-of-mind.
Nat Gas – Fracking
Oil – Oil Spills, Exploding Trains
Coal – Mining Damage and Air Polution
Nuclear – Waste and Disasters
Solar – Mining Damage for the rare earths needed for panels
Wind – Mining Damage for the rare earths needed for magnets
Doesn’t this make sense? No buyer is in touch with reality when it comes to pricing. If you are a buyer, it’s always overpriced. If you are a seller it’s always priced too low if it sells quick. This realtor is smart. They are showing you reality first, so that you wake up and smell the coffee when they show you a house priced right.
grim says:
July 15, 2015 at 11:07 am
I think the realtors like to show this stuff so when they show you a good one you are primed and ready to purchase.
Wouldn’t be the first time I heard this.
By RUPERT DARWALL
On June 30, one day after the Supreme Court struck down the Environmental Protection Agency’s regulation of mercury emissions from power plants, President Obama committed the United States to the goal of generating 20% of its electricity from renewable sources by 2030. This would nearly triple the amount of wind- and solar-generated electricity on the national grid.
The EPA ran afoul of the law by failing to conduct a cost-benefit analysis before it acted to reduce mercury emissions from coal-power plants. There is no objective cost-benefit analysis that could justify the president’s target for renewable energy.
Recently Bill Gates explained in an interview with the Financial Times why current renewables are dead-end technologies. They are unreliable. Battery storage is inadequate. Wind and solar output depends on the weather. The cost of decarbonization using today’s technology is “beyond astronomical,” Mr. Gates concluded.
Google engineers came to a similar conclusion last year. After seven years of investigation, they found no way to get the cost of renewables competitive with coal. “Unfortunately,” the engineers reported, “most of today’s clean generation sources can’t provide power that is both distributed and dispatchable”—that is, electricity that can be ramped up and down quickly. “Solar panels, for example, can be put on every rooftop, but can’t provide power if the sun isn’t shining.”
If Mr. Obama gets his way, the U.S. will go down the rocky road traveled by the European Union. In 2007 the EU adopted the target of deriving 20% of its energy consumption from renewables by 2020. Europe is therefore around a decade ahead of the U.S. in meeting a more challenging target—the EU’s 20% is of total energy, not just electricity. To see what the U.S. might look like, Europe is a good place to start.
Germany passed its first renewable law in 1991 and already has spent $440 billion (€400 billion) on its so-called Energy Transition. The German environment minister has estimated a cost of up to $1.1 trillion (€1 trillion) by the end of the 2030s. With an economy nearly five times as large as Germany’s and generating nearly seven times the amount of electricity (but a less demanding renewables target), this suggests the cost of meeting Mr. Obama’s pledge is of the order of $2 trillion.
There are other, indirect costs to consider. Germany is the world’s second largest exporter of merchandise, behind China and ahead of the U.S. But high and rising energy costs are driving German companies to locate new capacity overseas.
BASF, which operates the world’s largest integrated chemical facility, is shifting more production to America. “With such a huge difference in energy prices, the decision is clear that the money is now going there,” a BASF executive told a meeting of EU industry ministers last year. BASF has opened plants in Malaysia as well as Louisiana.
Advocates of renewable energy such as Deutsche Bank anticipate that electricity from solar panels will cost the same as electricity from the grid (so-called grid parity) in the not-too-distant future. But none suggest that solar can do so now without subsidies. And as Germany, Britain and other European countries are finding out, overt subsidies are only one part of the cost of renewables.
Most damaging is the effect of renewable mandates on the power stations necessary to ensure the stability of the electric grid and balance supply and demand. Even a modest proportion of wind- and solar-generated electricity prevents gas- and coal-powered stations from recovering their fixed costs. This has led to the proposed shuttering of Irsching in Bavaria, one of Germany’s newest and most efficient gas-fired plants. So unless conventional capacity also is subsidized, at some point the lights will start going out. European politicians have no answer to a problem they created, and it’s a safe bet the EPA doesn’t either.
One unintended consequence of the fracking boom is the displacement of coal by natural gas—a cheaper and more effective way to cut carbon-dioxide emissions. A 2014 Brookings Institution study estimated that replacing coal with modern combined-cycle gas turbines cuts 2.6 times more carbon-dioxide emissions than using wind does, and cuts four times as many emissions as solar.
That’s because generating electricity with low-energy density, weather-dependent technology is very inefficient. It requires far more plant and equipment and land to harvest an equivalent amount of power than fossil fuels. And that’s not counting the investment in fossil-fuel capacity to provide on-demand power when the wind isn’t blowing or the sun doesn’t shine.
There is no rational justification for policies favoring renewables. In 1972 environmentalist guru E.F. Schumacher wrote “Small Is Beautiful,” taking as his guide what he called Buddhist economics, which he’d discovered in Burma. A civilization built on renewable resources, he claimed, was superior to one built on nonrenewable resources. “The former bears the sign of life,” Schumacher wrote, “while the latter bears the sign of death.”
Mr. Obama’s renewable target is a triumph for Shumacher’s Buddhist economics—which amounts to being poor and staying poor. It does not produce jobs, growth or prosperity.
#40 [JB]
The IAF has tankers (707/KC-135s), ‘bunker buster’ bombs, along with pilot and planning quality on par with the U.S. and U.K. (actually their pilot quality is probably higher as their selection criterion is more skill than academic based). Their navy also has or will have soon (I don’t know that status as I’ve been out of that area for a few years) a few brand new stealthy German built submarines equipped with cruise missiles.
IF I was an Israeli charged with planning an attack on Iran’s nukes I’d use the sub launched cruise missiles to take out AA defenses then F-16s escorted by F-15s to do the deep, dirty deeds with TAC nukes. Of course they’d be a feint to lure U.S. and other forces away the transit(s) in and out.
Definitely doable. The political fallout though…
There are fewer rigs but:
http://www.grandforksherald.com/news/business/3783373-north-dakota-oil-production-may-rig-count-still-low
The state produced 1.2 million barrels of oil per day in May, a 2.7 percent increase despite a continued slowdown in oil activity, preliminary figures show.
Director of Mineral Resources Lynn Helms said although the number of drilling rigs operating in the state – 73 on Friday – is the lowest since November 2009, the rigs that remain are twice as efficient as they were two years ago.
Late 80’s…world was literally ending in NJ since Essex County was going to open the trash incinerator….literally going to single handedly destroy the environment (the ash..the ash!) .I hear little of it lately
What’s the matter? Bernie has you scared? If you don’t think this guy is about to bring major change (revolution) to the political landscape, you are not paying attention.
Anon E. Moose says:
July 15, 2015 at 11:08 am
Jack@$$ [57];
I’ll concede you’re right if you can tell me just one job or office (either party apparatus or elected official) as a Republican.
Go ahead, I’ll wait. Excuse me if I don’t hold my breath…
You like an easy whipping boy and he’s happy to have the attention. I’m not sure which one of you looks worse in the relationship. I know who’s smarter.
In Memphis this week. Anyone in NJ who thinks you have problems? Come down here and get squeezed thru the sphincter of Amerika.
Double Dongers!!!
Banco Popular Trust Preferred Shares says:
July 15, 2015 at 11:24 am
Infrastructure and Utility Company Report (jj Edition):
PORTLAND – Consider it the case of the mysterious swinging d!ldos. Cops are trying to figure who keeps hanging hundreds of white and bright orange d!ldos from the power lines, Reuters reports. The “Portland Office of Neighborhood Involvement” reports the d!ldos are strung up in pairs for maximum swinging possibilities. No worries from the electric company, reporting that ribbed rubber products do not pose a fire hazard when faced with consistent friction (based on extensive testing).
How do you feel about Jim Webb as a presidential candidate?
The Great Pumpkin says:
July 15, 2015 at 12:56 pm
What’s the matter? Bernie has you scared? If you don’t think this guy is about to bring major change (revolution) to the political landscape, you are not paying attention.
We can’t have everybody living in the city…
The Exact Moment Big Cities Got Too Expensive for Millennials
http://www.bloomberg.com/news/articles/2015-07-15/the-exact-moment-big-cities-got-too-expensive-for-millennials
“What’s the matter? Bernie has you scared? If you don’t think this guy is about to bring major change (revolution) to the political landscape, you are not paying attention.”
I expect about as much change to come about as Ross Perot affected.
re: #87 – re: “stealthy German built submarines equipped with cruise missiles”
Yeah their base is in the Med, lauch distance of 1,500 miles for a cruise missile? Good luck with that.
Israel does not have any MOPS – Massive Ordinance Penetrator, whose reach can extend 200 feet below ground, thousand of pounds of high explosives are needed to blow down blast doors and propagate a lethal air blast throughout a typical tunnel complex. By the way they could not deliver it either. It weighs 30,000 lbs so it needs to be carried by the B-2 bomber.
KC-135 they do not have either, never been approved for sale, there are doubts about their aging converted 707s refueling tankers as well.
Azerbaijan might host a pop up base “airstrip” or one could be created by force in Iraq if they wanted to do a bombing runs, reload and refuel etc for multiple sorties.
It is no slam dunk.
Why is Iran’s nuclear program so hardened if it is meant for peaceful purposes?
Nuclear power generation in the US has more than tripled since 1980:
http://www.world-nuclear.org/info/Country-Profiles/Countries-T-Z/USA–Nuclear-Power/
Nuclear Power in the USA
(Updated June 2015)
The USA is the world’s largest producer of nuclear power, accounting for more than 30% of worldwide nuclear generation of electricity.
The country’s 100 nuclear reactors produced 798 billion kWh in 2014, over 19% of total electrical output. There are now 99 units operable (98.7 GWe) and five under construction.
Following a 30-year period in which few new reactors were built, it is expected that six new units may come on line by 2020, four of those resulting from 16 licence applications made since mid-2007 to build 24 new nuclear reactors.
…
Despite a near halt in new construction of more than 30 years, US reliance on nuclear power has grown. In 1980, nuclear plants produced 251 billion kWh, accounting for 11% of the country’s electricity generation. In 2008, that output had risen to 809 billion kWh and nearly 20% of electricity, providing more than 30% of the electricity generated from nuclear power worldwide. Much of the increase came from the 47 reactors, all approved for construction before 1977, that came on line in the late 1970s and 1980s, more than doubling US nuclear generation capacity. The US nuclear industry has also achieved remarkable gains in power plant utilisation through improved refuelling, maintenance and safety systems at existing plants.
Safety? After all do we really want some pesky explosions scattering nuclear materials all over the countryside?
Safety. After all do we really want some pesky bombs scattering materials all over the countryside?
re # 97 – to keep the stuff from spreading all over the countryside incase of an attack.
http://www.bloomberg.com/news/articles/2015-07-15/the-exact-moment-big-cities-got-too-expensive-for-millennials#media-2
I think this time is much different. If Perot had access to social media, he would have won. It’s obvious the media is trying their best to hold down Bernie, they rarely talk about him (even though he is killing it in the polls) and when they do talk about him, they try to portray him in a negative way. Despite no media attention, his popularity is growing at a tremendous pace. Why? It’s the message, the character, and people want a change. Combine those ingredients with social media and you have the recipe for this guy becoming the next president, or at the least, drastically changing the political landscape. This guy is a major threat to the current monopoly in politics controlled by the democrats and republicans. Things are about to change. This guy loves this country and wants what’s best for the country(not his corporate buddies and family). He can’t lose based on that.
Anyone who complains about the corruption in govt should vote for Bernie. This is your chance to do something about it. You want a leader for the people, well here he is. You want a leader that is not going to use his position to enrich himself and his buddies, well here he is. You want someone that will not pick corporations over citizens, well here he is. Thank God for someone finally coming through and doing something about this mess. Bernie, you are the man!!!
Libturd in the City says:
July 15, 2015 at 1:24 pm
“What’s the matter? Bernie has you scared? If you don’t think this guy is about to bring major change (revolution) to the political landscape, you are not paying attention.”
I expect about as much change to come about as Ross Perot affected.
Does he accept corporate donations(bribes)?
Bernie can’t be bought!!! He is too old to give a crap about money. Hard to find a better candidate for president.
D-FENS says:
July 15, 2015 at 1:11 pm
How do you feel about Jim Webb as a presidential candidate?
The Great Pumpkin says:
July 15, 2015 at 12:56 pm
What’s the matter? Bernie has you scared? If you don’t think this guy is about to bring major change (revolution) to the political landscape, you are not paying attention.
Aren’t you excited? You actually get to vote for someone that truly cares about the middle class. When was the last time this happened?
Blah, Blah, Blah about Iran. Look at the big picture for facts without any emotional pulls, this is tough for some.
The pro-Israel crowd is having a seizure, but none of them will volunteer themselves, their kids, and all their relatives to sign up for a US Armed Special Forces/Special Squad to go and do the hand to hand dirty job of invading Iran. That job is left to the suck3rs that don’t know any better and sign up for economic reasons with Uncle Sam, and guess what a lot are minorities and the poor whites of the country.
Now, it goes something like this.
Saudi Arabia – Was and still acts like a US ally, but since the most of the 9/11 hijackers were Saudis and most of the money for AQ/ISIS comes from them. Saudis are approaching the Russians, but the Russians know better. Saudis have paid a lot of money to Pakistan for a if need be instant nuclear program and weapons. They are to be put in the neutral/trending enemy corner. At the end of the day, there is a significant view within the Saudi aristocracy that they should be at the center of a new caliphate.
Iran- Want to rebuild the Persian Empire. We don’t like them. But now they will serve our purpose. They will check Saudi Arabia both Geo-politically and in oil production manipulations. Iran needs all the petro-dollars it can get.
That is why we signed the deal. Are the Iranians going to cheat, likely. But the nuclear road has one big dead end, if is really ever is threaten to be used. The issue is having a regional power that can start containing the Sunni fanatics financed by the Oil Sheiks and spread by W’s Iraq Invasion, and therefore create a Sunni/Shite balance, which will allow both rival parites to bleed themselves to eventual exhaustion. All without US soldiers’ bloodshed. Drones/Robotics are different.
Right now, I am a registered Republican, so I probably will not be able to vote for him. I’ve been a registered Republican since my Jersey City days since I was a huge fan of Schundler at the time. Plus, the Republicans don’t all vote in lockstep like the Democratic machine does in North Jersey. I can’t remember the last time the Machine Democratic didn’t win in these parts. So I have more power choosing a more moderate right winger. But in actuality I still tend to vote for none of the above.
As for Sanders. He’s Jewish. That alone will keep him from being elected. Though it does make for a nice story. Quite honestly, I detest Hilary and any other woman who rides her cheating husbands coattails after repeated acts of infidelity. Really not the sign of a strong leader. Actually, it makes one believe that everyone will walk all over her.
The Monmouth University survey released on Wednesday shows Clinton taking 51 percent support over Sanders’s 17 percent. That’s a 9-point drop for Clinton since April and a 10-point gain for Sanders.
Sanders is drawing crowds of thousands of supporters on the trail, and his campaign has consistently had to move events to larger arenas. While Clinton still holds a big lead nationally, Sanders’s surge has been most pronounced in Iowa and New Hampshire, the first two states to cast ballots in 2016.
In a briefing with reporters in Washington on Tuesday, top Clinton aides acknowledged they expect a protracted nomination fight.
“This will be a fight for the Democratic nomination, and it will be hard to secure it,” said communications director Jennifer Palmieri. “There are a lot of people Hillary Clinton will need to convince to support her, and that’s what we expect will happen.”
http://thehill.com/campaign-polls/247986-poll-shows-sanders-gaining-on-clinton
Lib, he will take the democratic primaries. I’m talking about voting for him in the presidential election.
You are def right, they will attack his Jewish background and call him a “radical social!st”, but it won’t work. People want change, and this is the only candidate that can give it to them.
Other than the Jewish and social!st bs, they will have a hard time attacking this guy. They will prob try to attack his age too. Not much to attack. His ideas appeal to the people and his character is top notch. Who you going to vote for, the guy trying to rob you or the guy trying to help you? His popularity should soar as more and more people jump onto his ship and his message spreads.
“People want change, and this is the only candidate that can give it to them.”
There is really only one thing that people want. An improved economy. As long as Obama doesn’t screw the pooch, I think the Dems got it. Will most likely be Hilary, against my wishes.
Yes, exactly. They want an economy that works for the middle class, not the 1%. If they have any common sense, they will vote for Bernie. If they vote in another Clinton or Bush, they better not bitch about corruption in the govt. This might be your only chance to do something about corruption.
Libturd in the City says:
July 15, 2015 at 3:21 pm
“People want change, and this is the only candidate that can give it to them.”
There is really only one thing that people want. An improved economy. As long as Obama doesn’t screw the pooch, I think the Dems got it. Will most likely be Hilary, against my wishes.
#106..so it is 51-17 and you think he is winning the nomination?
Pumps [90];
Get you mind off the playground (“What are you, scared?” Seriously?) and we’ll have a real discussion. Till then… https://youtu.be/ss2hULhXf04
It’s growing by the day. Add this to my wage inflation prediction.
1987 Condo says:
July 15, 2015 at 4:14 pm
#106..so it is 51-17 and you think he is winning the nomination?
Moose-If you like crony capitalism, by all means vote for Hillary or whatever the republicans throw out there.
I love the smell of democracy in the morning.
[53] FKA 2010 Buyer says:
July 15, 2015 at 9:57 am
If you have Amazon Prime membership, today is a good day to look at some deals.
Meh. I wasn’t impressed. 99.5% reminded me of skymall
[105] Lib – Up here Machine Democratic runs mostly unopposed. That includes my Congressman (Capuano). I’ve been a registered Democrat since 1978, but I don’t lean that way, which means my votes count for nothing in Boston.
I can’t remember the last time the Machine Democratic didn’t win in these parts.
[56] chifi
Yep. Saw that. And current employer shares doing even better. Last year, her comp from share exercise was 2x her salary. Good times
Amazon Prime Day, more like Amazon tries to sell the old inventory from it’s warehouse day…….. First thought upon looking….who wants any of this?
I just might vote for Bernie sanders if he really is pro 2a. How does that work if you’re a democrat? Does the government subsidize your firearm or do you get ammo stamps with your food stamps?
The appeal is strong with him. Gaining supporters by the day. Btw, he really is, he doesn’t flip flop on issues to get votes. You don’t get an option like this too often.
D-FENS says:
July 15, 2015 at 6:57 pm
I just might vote for Bernie sanders if he really is pro 2a. How does that work if you’re a democrat? Does the government subsidize your firearm or do you get ammo stamps with your food stamps?
[119] jcer
Yep, noticed that. I did buy one thing that I was looking for but deal meant that I saved $10 and a 12 mile round trip vs HD in. Delaware. Nothing to get excited over.
[120] DFENS
Sanders is a Trojan horse for the gun grabbers. He has always been mindful of political expediency and will readily compromise his ideals for votes. He has done so before. Vermont is arguably the most pro-2A state in the nation. There are almost no gun laws there. Even “live free or die” New Hampshire next door requires an application and fee for a carry permit; not Vermont. So you can’t get by in Vermont and not be pro gun.
But make no mistake: if elected, Sanders would vote to gut the Second Amendment if given a chance. He won’t be beholden to the Vermont voters anymore.
In point of fact, if you like government gridlock, vote for Sanders. If history is true, he will need some awfully big coattails to get a Congress he can work with, and I don’t see that happening. And if he suffers mid term defeats as his predecessor did, hewill get far less pushed through than Obama.
He might as well go on vacation for six years. It would be about the same.
It’s worth a shot. I don’t want to continue to vote for individuals that work against my best interest. If you are against corruption, this is the only option that I see fit. Voting for the other options is a waste of time and you know it. They are not real options. They will only do what the money that bought them tells them to do.
Comrade Nom Deplume, Thankfully Not Greek says:
July 15, 2015 at 8:12 pm
In point of fact, if you like government gridlock, vote for Sanders. If history is true, he will need some awfully big coattails to get a Congress he can work with, and I don’t see that happening. And if he suffers mid term defeats as his predecessor did, hewill get far less pushed through than Obama.
He might as well go on vacation for six years. It would be about the same.
Sanders doesn’t flip flop. He’s not your typical politician and is an independent(not a party democrat, forced to run under democrat platform in his bid for president for obvious reasons). He’s straight forward on where he stands on issues.
Comrade Nom Deplume, Thankfully Not Greek says:
July 15, 2015 at 8:10 pm
[120] DFENS
Sanders is a Trojan horse for the gun grabbers. He has always been mindful of political expediency and will readily compromise his ideals for votes. He has done so before. Vermont is arguably the most pro-2A state in the nation. There are almost no gun laws there. Even “live free or die” New Hampshire next door requires an application and fee for a carry permit; not Vermont. So you can’t get by in Vermont and not be pro gun.
But make no mistake: if elected, Sanders would vote to gut the Second Amendment if given a chance. He won’t be beholden to the Vermont voters anymore.
“The Force is strong with Bernie. He’s our only hope.”
A graphic artist reportedly started a spontaneous rally for presidential candidate Sen. Bernie Sanders (I-VT) outside this year’s Comic-Con convention in San Diego over the weekend.
Sanders supporter and graphic artist Mario Prado told Roll Call that the pop culture celebration was the perfect place to cheer on the self-described social!st presidential hopeful from Vermont.
“Comic-Con attracts a lot of nerds,” Prado explained to the site. “Nerds are very much on top of politics.”
Prado reportedly created a mural featuring Sanders decked out in steampunk goggles and holding a chainsaw and shotgun while standing resolutely in front of the Koch brothers, who barrel toward him in a Mad Max-style vehicle.
(Warren Rojas/CQ Roll Call)
Prado also handed out flyers laying out Sanders’s positions on a number of issues like health care and energy, and a number of people soon followed his lead. According to Roll Call, a woman joined him and began waving an “Occupy” flag, while another pair of costumed attendees stopped by with lightsabers swinging.
“The Force is strong with Bernie. He’s our only hope,” a woman dressed as Princess Leia told the site.
Prado says he’s not affiliated with the Sanders campaign in any way and that he was inspired because he simply “loves the guy.”
http://www.breitbart.com/big-hollywood/2015/07/12/spontaneous-bernie-sanders-rally-breaks-out-at-comic-con/
127- Can’t say that wasn’t funny!! Point being, he appeals to a broad range of people.
Pumpkin, who did you vote for in the primary and general in ’12/’08’/’04/ and ’00 if you were old enough?
Soooooooo do I get free ammo or not then?
Comrade Nom Deplume, Thankfully Not Greek says:
July 15, 2015 at 8:10 pm
[120] DFENS
Sanders is a Trojan horse for the gun grabbers. He has always been mindful of political expediency and will readily compromise his ideals for votes. He has done so before. Vermont is arguably the most pro-2A state in the nation. There are almost no gun laws there. Even “live free or die” New Hampshire next door requires an application and fee for a carry permit; not Vermont. So you can’t get by in Vermont and not be pro gun.
But make no mistake: if elected, Sanders would vote to gut the Second Amendment if given a chance. He won’t be beholden to the Vermont voters anymore.
No
126 pumpkin
Can you read?
Why? I voted for bush in 2000 and went against him in 04. I’ll leave it at that.
joyce says:
July 15, 2015 at 10:10 pm
Pumpkin, who did you vote for in the primary and general in ’12/’08′/’04/ and ’00 if you were old enough?
Hah blumpkin..so naive. Colonel Sanders has a better shot at the nomination. The media selects the candidates and they will want Bush vs. Clinton. The drama and ratings (thus ad money) make it easy choice for networks. When it comes time they will simply ignore the other candidates. Happens over and over…
Another nucklehead pointing lasers at planes in NJ?
[132] redux
Upon further reflection, I have decided to retract this insult.
While I understand the distinction between a departure from conventional Or assumed party positions, and what would be characterized as a flip-flop or a change in position, and thought I was describing the former, that wasn’t readily apparent from my post. I neglected to examine and discuss whether Sanders had voted anti-gun or pro-gun in the past and without that context, it is understandable to assume that any future gun control vote on his part may be a flip-flop.
If I’m going to insult someone, I want to make sure I’m on reasonably solid ground. In retrospect I can’t say that here. So my insult is withdrawn. For now.
My issue with Sanders is that he has great positions and ideas, but doesn’t really describe how he will get them done. Hilary, on the other hand, doesn’t even reveal her positions.
Can one retract an insult?