From the Record:
Foreclosures ease a bit in NJ, but remain higher than national rate
Housing distress is easing in New Jersey, but the state still has much higher rates of foreclosures and mortgage delinquencies than the nation as a whole, the Mortgage Bankers Association said Thursday.
About 12.1 percent of New Jersey mortgages – or one in eight – were either late on payments or in foreclosure in the fourth quarter of 2015. That’s down from 14.8 percent a year earlier, but is almost twice the national rate of about 6.5 percent, the lowest level since before the recession.
“As the job market has improved and national home prices have rebounded, fewer borrowers were becoming seriously delinquent, while borrowers previously behind on their payments were in a better position to … resolve delinquent loans,” Marina Walsh, MBA’s vice president of industry analysis, said in a statement.
New Jersey led the nation in the number of foreclosures started in the fourth quarter, according to the MBA. It was 12th in the rate of mortgages with late payments.
Good Morning New Jersey
Cuba is harboring a fugitive “o” is a douche bag
How’s the Punkin’ filter coming along?
Started doing some research on the issue I dove into yesterday. I’m amazed at our society’s solution the to this problem listed in this article. Yes, don’t suspend them. That’s their solution!
What makes me sick about this interpretation of this data, they assume the schools are targeting students of color (black and latino) and students with disabilities (your special ed bad a$$). You expect me to believe this bs? That educators are specifically targeting these kids? The data is a reflection of a bigger problem and their solution is the equivalent of sweeping the problem under the rug. Yes, just let them do whatever they want with no consequences. What world do these people live in? Apparently no one gives a crap about the good kids that want to learn, but are unable to because they have these disruptive kids in the classroom that can no longer be suspended.
You guys can mock me all you want, but in my eyes, this is a serious problem. How can you have a structured learning environment when a disruptive student can do whatever they want with no consequences?
“Advocates argue that strict disciplinary practices, including police presence, metal detectors and “zero tolerance” policies, disproportionately target students of color, especially black and Latino youth. Although only a third of students in New York City are black, they received over half (53 percent) of the suspensions over the past decade, according to the Dignity in Schools Campaign. Of the students suspended for “profanity,” 51 percent were black, and 57 percent of those suspended for “insubordination” were black. Students with disabilities are also four times as likely to be suspended than their non-disabled peers. (A representative for New York’s Department of Education did not respond to a request for comment.) The creeping criminalization of school spaces targeting already marginalized populations is not limited to the city of New York – as The New York Times reported earlier this year, hundreds of thousands of students around the country face criminal charges, as opposed to school-based disciplinary measures, each year. A civil suit filed earlier this year in Texas alleges that misdemeanor ticketing disproportionately targeted African American students.
“These arrests are resulting from the same Stop and Frisk approach we see in the streets,” says Steven Banks, Attorney in Chief of the Legal Aid Society. “The continued criminalization of normal adolescent behavior in schools is literally feeding the school-to-prison pipeline.” There were 2,500 arrests and 69,000 suspensions in New York City schools last year, and Banks says that the overwhelming majority were for behavior that, in another era, would have been handled by educators rather than police. The presence of school safety officers (SSOs) – agents within the School Safety division of the NYPD – means that a child’s minor misbehavior or perceived disrespect can quickly escalate to lead to an arrest, criminal summons or suspension. “We’ve watched SSOs be disrespectful to students and treat students like they’re criminals,” says Cheyanne Smith, a 16-year-old senior at the Bushwick School for Social Justice in Brooklyn and youth leader at coalition group Make the Road. “School is an environment where people come to learn. Instead of learning, it feels like a prison.”
Read more: http://www.rollingstone.com/politics/news/when-high-school-students-are-treated-like-prisoners-20130912#ixzz40cP1aMUD
Follow us: @rollingstone on Twitter | RollingStone on Facebook
OSHA Regulation (jj Edition):
LOS ANGELES — One after another, scores of people who make p0rn films for a living pleaded their case to California workplace safety officials: Don’t force condoms or safety goggles or other devices designed to stop the spread of sexually transmitted diseases on them because those devices will simply stop people from watching p0rn films and soon they’ll have no jobs at all.
“All of us are here for the same reason. We want to keep California workers safe,” p0rn actress S!ouxsieQ, who also reports on the industry for various publications, told the state Division of Occupational Safety and Health’s Standards Board during a public hearing Thursday.
But adopting regulations specifically requiring the use of condoms and other safety measures that audiences don’t like would only keep people from watching films and destroy a multibillion-dollar business that employs thousands, she and dozens of others told the board.
The panel, which had been poised to approve the measure, eventually voted it down when only three members gave their support. Four yes votes from the seven-member panel were required for passage. The vote was 3-2 in favor, with one member absent and one board position currently open.
The panel will now begin considering a new worker-safety measure for the p0rn industry, said Cal/OSHA spokeswoman Julia Bernstein.
Just close your eyes, ignore the behavior, and talk, the problem will magically go away.
“LIKE THE LONG CREEK guards, staffers at Central were skeptical at first. When an enraged second-grader threw a chair at educational technician Susan Forsley one day, her first instinct was to not let him “get away with it.” But she swallowed her pride and left the room until the boy calmed down. Later, she sat down with him and Principal D’Aran, and they resolved that if he felt himself getting angry like that again, he would head for the guidance office, where he’d sit with stuffed animals or a favorite book to calm down. Forsley eventually learned to read his emotions and head off problems by suggesting he take a break. “Is giving him a consequence—suspending him, calling his grandparents—is that going to teach him not to throw chairs?” she asks. “When you start doing all these consequences, they’re going to dig their heels in even deeper, and nobody is going to win.”
http://www.motherjones.com/politics/2015/05/schools-behavior-discipline-collaborative-proactive-solutions-ross-greene
“other devices” = dental dams
google it when you’re not at work.
What Great Nation did Free Trade Ever Build?
http://www.cnsnews.com/commentary/patrick-j-buchanan/what-great-nation-did-free-trade-ever-build
By Patrick J. Buchanan | February 19, 2016 | 5:35 AM EST
President Obama shakes hands with Chinese President Xi Jinping in 2014. (AP File Photo)
Republican hawks are aflutter today over China’s installation of anti-aircraft missiles on Woody Island in the South China Sea.
But do these Republicans, good free-traders all, realize their own indispensable role in converting an indigent China into the mighty and menacing power that seeks to push us out of Asia?
Last year, China ran up the largest trade surplus in history, at our expense, $365 billion. We exported $116 billion in goods to China. China exported $482 billion worth of goods to us.
Using Census Bureau statistics, Terry Jeffrey of CNSNEWS.com documents how Beijing has, over decades, looted and carted off the greatest manufacturing base the world had ever seen.
In 1985, China’s trade surplus with us was a paltry $6 million. By 1992, when some of us were being denounced as “protectionists” for raising the issue, the U.S. trade deficit with China had crossed the $10 billion mark.
In 2002, it crossed the $100 billion mark. In 2005, the $200 billion mark. In each of the last four years, Communist China has run an annual trade surplus at the expense of the United States in excess of $300 billion.
Total trade deficits with China in the Bush-Clinton-Bush-Obama era? $4 trillion. Total U.S. trade deficit in 2015 — $736 billion, 4 percent of our GDP.
To understand why Detroit looks as it does, while the desolate Shanghai Richard Nixon visited in ’72 is the great and gleaming metropolis of 2016, look to our trade deficits.
They also help explain America’s 2 percent growth, her deindustrialization, her shrinking share of the world economy, and the stagnation of U.S. wages as manufacturing jobs are replaced by service jobs.
Those trade deficits also explain the rise of Bernie Sanders and Donald Trump.
Yet, with the exception of Trump, none of the GOP candidates seems willing to debate, defend or denounce the policies that eviscerated America — and empowered the People’s Republic.
Workers, however, know what our politicians refuse to discuss.
They are being sold out for the benefit of corporate elites who pay off those politicians with the big cash contributions that keep the parties flush.
Politicians who play ball with Wall Street and K Street know they will be taken care of, if they are defeated or when they retire from public office, so long as they have performed.
Free trade is not a zero-sum game. The losers are the workers whose jobs, factories and futures are shipped abroad, and the dead and dying towns left behind when the manufacturing plants shut down.
America is on a path of national decline because, while we have been looking out for what is best for the “global economy,” our rivals have been looking out for what is best for their own nations.
Consider OPEC, which is reeling from the oil price collapse. Russia is colluding with Saudi Arabia and Iraq to cut production to firm up the market and prevent prices from falling further.
This is pure price fixing, but we all understand self-interest.
What might a U.S. national-interest-based trade policy look like?
Controlling the largest market on earth, we might impose on foreign producers a cover charge, an admissions fee, a tariff, to get into our market.
Example: Impose a 20 percent tariff on foreign cars entering the USA. This might raise the cost of a Lexus or Mercedes produced and assembled abroad from $50,000 to $60,000.
However, if Lexus or Mercedes buys or makes all their parts in the USA and assembles all their cars here, no tariff. Their cars could still sell for $50,000. This would be a powerful incentive to shift production here. As an added incentive, all tariff revenue could be used to reduce or eliminate corporate taxes in the USA.
Between the Civil War and World War I, under Republicans, the U.S. became the world’s greatest industrial power and a wholly self-sufficient nation. How? We taxed foreign goods entering the United States, but did not tax the profits of U.S. companies or the incomes of U.S. workers.
The difference between economic patriots and globalists who inhabit corporate-funded think tanks and public policy institutes is that the latter think of what is best for their corporate benefactors and the global economy. The former put America and Americans first.
Academics revere Adam Smith, David Ricardo and Richard Cobden.
But none of them ever built a great nation. Patriots look to Alexander Hamilton and those post-Civil War Republicans who built the greatest national industrial powerhouse the world had ever seen.
Indeed, what great nation did free trade ever build?
As father of a united Germany, Chancellor Bismarck said, when he decided to build Germany on the American and not the British model, “I see that those countries which possess protection are prospering, and that those countries which possess free trade are decaying.”
So it is true today. Unfortunately, it is America, now wedded to the fatal dogma of free trade, that is decaying.
6- I guess when these kids make it to the workplace, they will have to create rooms where they can go hug teddy bears when they flip out. You think I want my daughter in a room with a kid throwing chairs at the teacher and the only thing that happens is they talk it out and everything is okay till their next outburst?
“But with billions of dollars of revenue and hundreds of thousands of jobs at stake, we understand our responsibility to keep commerce moving, no matter what obstacles might crop up along the way.
Yet the biggest threat facing intermodal commerce in our region isn’t some random, unexpected event — it’s a disastrous situation we can already see coming, but are powerless to stop.
Containers have been flowing through our port in record-shattering numbers for the past two consecutive years — a total of 3,664,013 cargo containers in 2015 (a 10 percent increase over 2014) — but the infrastructure required to handle that volume has not kept pace.
Long queues clogging local streets, extended turn times at the terminals, chronic equipment shortages, and skyrocketing fees have made it nearly impossible to efficiently transport containers through our region — and it’s about to get even worse.
RELATED: Why is truck traffic up? Port handled record number of containers
The completion of the $1.3 billion effort to raise the Bayonne Bridge will soon allow massive, high-volume container ships to stream into our already-congested marine terminals. Without widespread reform, how will we keep commerce moving, when the port’s infrastructure can’t even handle the volume we have now? Here’s what’s needed:
All marine terminals in the Port of New York and New Jersey must agree to provide extended Hours of Operation that are consistent and standardized port-wide, as they are in other U.S. locations.
Regulatory authorities, such as the Waterfront Commission or the Port Authority of New York and New Jersey, need to establish and enforce minimum Level of Service requirements for the terminal operators and equipment providers, holding them accountable for inefficiencies and delays when they take on more volume than their current labor force can realistically handle.
The Federal Maritime Commission needs to assess and rein in all of the many fees and tariffs being charged to motor carriers, which have increased at inexplicably high rates.”
http://www.nj.com/opinion/index.ssf/2016/02/nj_truckers_expect_catastrophic_congestion_if_port.html#incart_river_home
“The influx of highly paid technology workers into the city has fueled some of the highest rents and home prices in the U.S., spurring public outcries over tenant evictions and the increase in homelessness. Protesters have frequently targeted the commuter buses that ferry tech workers to jobs in Silicon Valley, about 40 miles south of the city. “San Franciscans are upset that the city has prioritized the wealthy developers and speculators over everyday San Franciscans,” says Sarah Sherburn-Zimmer, executive director of the Housing Rights Committee of San Francisco, which has organized anti-eviction protests.
The issue has dogged Mayor Ed Lee, who’s credited with drawing the technology companies to the city. He was elected to a second full term in November on a “shared prosperity” agenda. Kim’s proposal, which requires support from five other members of the board of supervisors to appear on the November ballot, would increase the tax on properties worth $5 million to $10 million by a quarter point, to 2.25 percent. The transfer tax on properties sold for $10 million to $25 million would also rise a quarter point, to 2.75 percent, and homes worth more than $25 million would be taxed 3 percent—a new bracket that increases the tax on such homes by half a percentage point.”
http://www.bloomberg.com/news/articles/2016-02-19/this-is-san-francisco-s-plan-to-get-the-1-percent-to-pay-up
11- I wonder if people fled this state due to this?
“Taxing the wealthy has become a popular policy in California, where voters in 2012 approved temporary income tax increases on people making more than $250,000. At the time, California faced a $9 billion budget shortfall; the taxes generated $15.2 billion over the last two fiscal years, helping to erase the state’s budget deficit. The state’s largest teachers union and the California Hospital Association are among groups pushing to extend the income tax increases.”
Why can’t they see the 3rd, 4th, and beyond? I thought everyone is adamantly opposed to seeing this in a binary, black & white nature… what about all the shades of grey in between?
Essex says:
February 18, 2016 at 11:53 pm
i think most rational folks can see two sides of an issue.
Ayn Rand Fan Boys Excluded.
Ragnar, I’d be interested to hear your thoughts on Pat Buchanan’s article this morning.
Take Pity on Officer “Safe Space”
Blue Privilege isn’t enough: Now cops want to be a “specially protected class.”
Makaela Zabael-Gravatt was shot and nearly killed in her own backyard in Meridian, Idaho last September. The man arrested in that attack, Christopher Wirfs, had a violent criminal history. Prior to the attempted murder, Wirfs had spent several weeks stalking and harassing his victim, on multiple occasions explicitly threatening to shoot her.
Zabael-Gravatt twice requested, and was denied, an order of protection against the man who eventually tried to kill her. Media inquiries about those denials were deflected by the Meridian Police Department to the Ada County Prosecutor’s Office, which simply refused to comment on the matter.
At the time, the Meridian PD and the Ada County DA were preoccupied with a much more urgent matter than protecting a desperate, frightened mother who faced an immediate threat on her life from a violent criminal. They were sheltering a Meridian police officer whose feelings had been hurt by a confrontational Facebook post.
Undefended: Zabael-Gravatt.
In March of last year, the Ada County Prosecutor’s Office requested, and immediately received, a no-contact order banning Meridian resident Matthew Townsend from coming within 100 feet of the paling, timid creature known as Corporal Richard Brockbank of the Meridian PD. Townsend had been arrested by Brockbank a few weeks earlier without legal cause and justification.
On the eve of his preliminary hearing on a spurious charge of “resisting and obstructing” (he was not under arrest, nor had a charge been made against him, at the time of his supposed resistance), Townsend published a brusque but inoffensive post on Facebook.
…
http://freedominourtime.blogspot.com/2016/02/take-pity-on-officer-safe-space.html#links
Just some housing related article
Millennials, Mortgages, and the Housing Market
Is this a good time to purchase a home? Here’s a look at what’s going on with the housing market these days.
In this video segment, Sean O’Reilly, Gaby Lapera, and Vincent Shen talk about what Quicken Loans’ Super Bowl ad indicates about the current state of the market, how housing has picked up since the recession, and the unsettling ways credit unions are trying to push mortgages on rental-favoring millennials.
Sean O’Reilly: So, Gaby, Vince, and I have been anxious to talk to you about what’s going on in housing and mortgage lending. This is obviously a huge part of the economy, and affects an even bigger portion of the economy, because once you buy a house, you need, I don’t know, a new TV, furniture, maybe even a dog. So, is housing back since the Great Recession? How hard is it to get a mortgage? I saw that Rocket Mortgage thing during the Super Bowl —
Gaby Lapera: I think everyone did (laughs).
O’Reilly: Yeah. Boy, they really struck a populous tone with that. They were like, “We can make America better!” (laughs)
Lapera: I was talking to someone else in the office the other day, and they were like, “I thought it was a commercial for The Big Short. That’s what I thought it was for.” (laughs)
Vincent Shen: It was a little bit concerning, how nonchalant they made the idea of, “I’m going to just click this button on my smartphone –”
http://www.fool.com/investing/general/2016/02/17/millennials-mortgages-and-the-housing-market.aspx
D-FENS,
There have been a lot of nations built on free(ish) trade. Netherlands and England centuries ago. Venice even earlier. Singapore, Hong Kong, Dubai.
Free trade is a positive sum game, because trade as such is what goes on in an economy, and freer trade brings in more resources providing valuable goods and services into an economy.
While I don’t think high tariffs are the solution, I do think that it’s worth critiquing current trade policies. Production seeks its most efficient source of supply. Orange juice comes from Florida and California rather than high cost greenhouses set up in Michigan. If we had interstate tariffs, everyone would be worse off, except the Michigan orange juice producers.
Between high corporate taxes, unionization, regulation of many forms, and yes, the higher average wages and standard of living of average Americans, there are some industries where Americans are like the Michigan orange juice maker. But we will be hurting ourselves and everyone else to try to artificially prop them up. Brazil is a country that has been using tariffs for decades to try to boost their local manufacturing, and it’s led to uncompetitive companies with high costs to consumers and weak quality products, few of whom can compete on a global basis.
I was against China’s WTO entry vote way back, and MFN status before that (under Clinton). They were and still are not a real market economy, and the country is run by thugs. It’s closer now than it was 20 years ago, but on the other hand I’d say they’ve made little progress over the last 10 years, and have move backwards in some ways. But one thing they’ve been smart about doing is setting up low tax zones “special economic zones” with low or no tariffs, built lots of shipping and port infrastructure, allowed private toll roads to be built to connect manufacturing areas to the ports, etc. So Guangzhou and Shenzhen are rich and freer than much of China, with commerce going out of the Pearl River Delta ports, and Jiangsu Province and those areas surrounding Shanghai are set up similarly for that port.
There are much better ways to improve the competitiveness and attractiveness of the US economy than setting up higher trade barriers. Deregulate, privatize, cut taxes, cut the welfare state, increase the inflow of high-skilled immigrants. Make it easier for local and foreign people to invest in new enterprises. Auction off government’s dead hand on US roads, bridges, and tunnels, and channel all this money going into 0.25% T-bills into actual productive investment in infrastructure assets, managed by people who would have an incentive to listen and satisfy current and potential customers. Expand road and tunnel and port capacity via new profitable construction projects run by private enterprise. Turn the entire US into a “special enterprise zone” like China has done with small part of its economy.
FKA,
House is just a money pit. Had a small one, loved it. Low price, paid off quick, low taxes (high for what it was, but low overall), easy to fix, etc. Biggest expense was new septic at 10k and good working water well (pay 1400 a year now for the privilege of drinking and pooping) high on hill with excellent tv reception (no cable), wood burning stove (low cost heat on the really coldest days).
Happy wife, happy life, unhappy wife needs material things to make herself happy, needs bigger house with bigger headaches. Funny thing, met a guy in my town with multiple local businesses and we struck up a conversation. Has a beautiful 6000 sq ft home in great location with beautiful views that his wife wanted. Told me he wished his house was only 1000 sq foot.
Paid off house, 500/mo taxes, bank account ready to build like crazy. Now back in debt again.
Who or if you marry will be the most important decision on your financial future, more than your house…
Ragnar,
Yeah, deregulate and you get a bunch of Martin Shkreli types out there.
This is the legacy that old goats want to leave to their children as long as they get wealthy themselves..
Guangzhou is rich and free
http://bit.ly/20IQE8s
Pearl River Delta and Shenzhen
http://bit.ly/1osBF6b
Fostering Youth Character and Future Citizenship (clot Edition):
Mom punished kid by waterboarding him, roping his gen!tals
A Texas woman and her boyfriend were arrested for allegedly punishing her 13-year-old son by tying a rope around his gen!tals and subjecting him to waterboarding, authorities said Thursday.
According to an affidavit filed by a Kaufman County sheriff’s investigator, the boy told investigators Casey Shackleford, the mother’s boyfriend, allegedly grabbed him by the hair, pinned him down and held a towel over his face as Christi Howell, his mother, poured water over his head and nose.
The affidavit notes the tactic is known as waterboarding, which was once used by the U.S. to question terror suspects but has since been banned.
“The victim said that he was able to breathe slightly if he moved his head to the side and that kept him from feeling like he was drowning,” the affidavit said.
The boy told authorities the torture he received came after he told Shackleford he inappropriately touched the family dog. According to KHOU, Shackleford would slap the boy in the face if he didn’t maintain contact with him or Howell.
The boy told authorities the rope was tied to his gen!tals for “5 to 10 minutes” and said he had small cuts and burns around that area from the rope. He also said he was punished by his mother for not performing pushups properly.
The couple was being held at the Kaufman County Jail, each facing a charge of felony injury to a child, said Kaufman County Sheriff’s Office spokesman Fred Klingelberger. The charge carries a maximum sentence of 20 years in prison.
Neither the man nor the woman had a defense attorney listed in jail records, and no phone numbers were publicly listed for their home. No court hearings had been scheduled Thursday in either case, according to online court records.
The woman was booked into jail on Feb. 9, and she remains in custody with a $250,000 bond. The man turned himself in Wednesday and was expected to be booked into jail Thursday.
The child is now in foster care, according to a spokesman for the Texas Department of Family and Protective Services.
[18] Reddington
You got that right…..who you marry definitely impacts your future financial decisions.
Ragnar,
I’m starting to believe that free trade…while a noble endeavor, is a pie in the sky pipe dream when it comes to international trade.
Why should the US not implement protectionist policies when dealing with a country that does the same to us?
If someone is negotiating a trade deal on behalf of the United States, I believe they should act in the interests of the United States first, free trade second. You’re negotiating on behalf of the United States for crying out loud. Not Ayn Rand or the entire world.
20. Dang. Y’all better not judge us. The rope thing is is just a right quick way of teachin’ the boy to eat his supper.
22
D-FENS,
You wanna play with the big boys, you gotta think global.
Being a nationalist is so middle class and yesterday.
You have to send your child to the Princeton Day School, have them go to Somalia to save an endangered arachnopod, then list that in their college application to Yale.
Stop concerning yourself with the “Make America Great” stuff that Trump is spouting.
You will never become a plutocrat with your way of thinking. You are destined to be poor forever if you insist in being middle class and leaving a clean America to your children..
I am training my children to beat up rich kids who go to the Princeton Day School.
Rags,
You wanna increase the amount of “high skilled immigrants?”
I’ll take 2. One that is skilled enough to cure cancer, the other one that can cure diabetes.
You can keep the rest..
25.
Bad attitude there D-FENS. Resist the desire to think for yourself. Teach your children to comply.
They are coming now to put a chip in your head…
25 D-FENS
http://www.youtube.com/watch?v=9Hn9xAaKUbw&t=2m46s
Unfortunately, one thing my son does not do is comply. He’s only in the first grade and I’m already on a first name basis with the vice principal.
[17 Ragnar
Totally agree that if we spent a concerted effort improving our infrastructure as opposed to trying to buy favors in other countries we would be much better off.
I would start with trains on the North East Corridor; mainly straightening out the tracks; then shore up bridges and/or make some new tunnels to add capacity. Which unfortunately means that some people will have to be displaced via eminent domain.
Not that it’s the ideal situation but many who work in the city already have an hour commute, what if you with the improved infrastructure, it feasible to live in Boston or DC and get to work in NY in an hour?
At least he won’t be getting suspended for that type of behavior anymore.
D-FENS says:
February 19, 2016 at 10:59 am
Unfortunately, one thing my son does not do is comply. He’s only in the first grade and I’m already on a first name basis with the vice principal.
re # 29 – Join the club. Best call with the vice principal so far was that my son pulled down his pants underwear and all after a girl in his class asked to see his junk. He is off the hook in my book, and the vice principal was ok about it too apparently as long as there is consent. I did not ask if he called the girls parents too.
“the vice principal was ok about it too”
Why of course. Who do you think taught him?
What kind of schools are these? I have 3 kids and none of this goes on.
re #34 -“What kind of schools are these?”
Blue Ribbon Schools of Excellence, LLC.
I would start with trains on the North East Corridor; mainly straightening out the tracks; then shore up bridges and/or make some new tunnels to add capacity. Which unfortunately means that some people will have to be displaced via eminent domain.
Impossible, America is not capable of large scale engineering anymore.
Yeah I agree. He shouldn’t be in trouble. Heck we had a president in this country that did far worse and it’s perfectly acceptable. Your son sounds like he might be president someday.
Juice Box says:
February 19, 2016 at 11:09 am
re # 29 – Join the club. Best call with the vice principal so far was that my son pulled down his pants underwear and all after a girl in his class asked to see his junk. He is off the hook in my book, and the vice principal was ok about it too apparently as long as there is consent. I did not ask if he called the girls parents too.
#34 it most certainly does!!
You can not have free trade when the economy of China when this all started was nothing. All you can gain is cheap goods, in return lost of jobs that used to produce this products.
It makes sense to have free trade to a Country with equal output.Like Canada,Germany and other Develop Countries which we did before this free trades to 3rd world countries begun.
We have the upper hand and yet gave away Trillions of Dollars to 3rd world countries.This money could have been circulating in the US.We lost high wages,pensions and job securities.
Today, we get compared to the salaries of the 3rd world. Everyone is saying we get paid too much.
The 3rd world needs the US business more than we need them. Our Economy is $16T and China is $6T today. 1/3 of our economy. And yet Companies give in, for the sake of cheap labor and yet sell to us at the maximum the market can take.
Trump and Sanders brings the issues on the table.They may not be Presidential but their points are being talked about
Bernie Sanders talked about this Greed. Worth watching
https://www.youtube.com/watch?v=eJjQWaWIxCs
Only a matter of time before the Clintons have Sanders whacked.
At least Trump is smart enough to wear a bullet proof vest and pack a 9mm.
Who’s protected by tariffs?
http://fee.org/resources/economics-in-one-lesson-2/#calibre_link-40
I’ve never seen a country get rich faster by raising taxes or tariffs.
I think its a way to distract people from the real policy failure in the US – encouraging the country to borrow more to spend more, rather than the long-run growth enhancing practice of saving and investing for the future.
The US was a rich Country and still is. It did not need Free Trades with 3rd World Countries.
It survived and got richer with Trades with other develop Countries.This are Countries that can afford to buy our more expensive products. It got poorer when it started to do Free Trades with 3rd World Countries.Countries that can not afford to buy our product that is why we have a huge Trade Deficits. We lifted the lives of the 3rd world and we paid dearly for it.
“I’ve never seen a country get rich faster by raising taxes or tariffs.”
[36] Grim
Make America Great Again…..our HS are pumping out kids with a middle school education but I bet you could teach them to do some labor skills and have them build up the infrastructure here. In some small way, there may be some pride and a sense of responsible in knowing that you help “build” something great and made a difference.
These companies were purely over-regulated. Look at the massive fine this company paid. About the same as driving an unregistered uninspected vechicle..
City Erectors, the West Caldwell-based operator of the crane, was issued a serious struck-by object violation in Aug. 2009 for which it paid $450.
http://www.nj.com/morris/index.ssf/2016/02/contractor_in_fatal_accident_at_hanover_firehouse.html#incart_2box_nj-homepage-featured
My take on the trade with China. China got played from day 1. The powers that be in the U.S. traded paper (iou’s that will never be payed back) for actual physical goods. They knew exactly what they were doing and made it seem like China was taking advantage of us by letting the U.S. media put up articles complaining of how China is taking advantage of the U.S.. China fell for it…..hook, line, and sinker. I wonder if they finally realized how they were being taken advantage of, as opposed of them taking advantage of the U.S. No one takes advantage of the only global superpower on this planet, just like no one takes advantage of the bully on the playground.
43. Why do that when you can import much cheaper labor, put in a no bid contract with union labor price, collect the difference and PROFIT, then send the bloodied, beat up bodies back to the place you imported them from.
The difference between what you spend and what you charge is PROFIT.
Want maximum PROFIT, use cheaper labor. And whatever you do, don’t forget the rule of business #1-PAY YOURSELF FIRST. Remember, cheap labor+cheap materials+maximum price = MAXIMUM PROFIT.
Which is why there are accidents, and why corporations pollute. It hurts profit….
46. Pumps,
That paper is good enough to buy land and corporations in the United States.
You better go purchase your Rosetta Stone mandarin edition…
45 Look at what you can buy in America with what Pumps calls “worthless paper.”
Yeah pumps, they aren’t buying in your neighborhood, they shoot for the best when they purchase in the USA, and you don’t own there.
http://time.com/4050517/china-investment-map/
And pumps, the teachers in my above average school districts get it. My first grader is learning Chinese already, including writing it. Soon she will be able to talk behind my back with her friends when she is mad at me…
I wouldn’t let your daughter bring you a Coke.
45 what do you mean? China leads the world in dumping US Treasuries. Over $300b has been sold. This are Treasuries with maturity dates. You are in default if you did not make payments. Unlike the Thrust Funds there is no date when it needs to be paid nor you can not pay it because the law states the agency can not hold surplus
http://money.cnn.com/2016/02/17/news/economy/china-us-debt-dump-central-banks/
On today’s theme.
http://www.nj.com/opinion/index.ssf/2016/02/nj_truckers_expect_catastrophic_congestion_if_port.html#incart_river_mobileshort_home_pop
45- This article is from 2003 and man were they dead on with their call on metals. I used to think the same thing, that China was taking advantage of us, but the tough guy never gets taken advantage. Not once in my life have I seen the tough guy on the playground get taken advantage of.
“There are misconceptions about our trade relations with China. Misguided U.S. patriots complain about the cheap Chinese labor taking away domestic jobs and U.S. politicians blame the cheap Chinese currency, and complain about the unfair trade advantage that China has.
Those are one-sided views. Here’s the truth: We have the trade advantage with China. We send a little paper dollars that they cannot use, and we get a lot of great stuff that we buy and use continually. We give paper money that is an unjust weight and measure, an abomination. We are cheating them; they are not cheating us.
Our trade advantage with China is so great that we could not do any better than if we sent over troops, conquered their nation, and made them all our slaves. Not only would that be far more costly, but impractical, unthinkable, and unimaginable. Nevertheless, our situation today is better than if we beat them in a war, and made them all our slaves. We could not force them at gunpoint to work for us as cheaply as they do today. We have utterly conquered them economically, and we are reaping rewards greater than the spoils of war.
We don’t have to fear them conquering us in a trade war, because we’ve already won. They work for less than slave labor prices, and we get great stuff, which proves it.
Just like when any conquering nation benefits from slave labor, the local peasants who are unhappy and unemployed feel that they are priced out of work, and so they complain and beg for government handouts. It was not much different back in the Ancient Roman Empire.
Why do the U.S. politicians and the media say that China has the trade advantage, when clearly, the advantage is ours? I don’t know, but I can only guess when it comes to motives.
First, I must consider the possibility that Americans, including the Media and Politicians genuinely do not understand the benefits of trade. Few do.
Here are the essential details of trade: Trade boosts efficiency, increases specialization, increases productivity. People and nations trade the thing they are most efficient at producing, specifically, the highest value surplus goods that take the least effort to create. The U.S. creates extra dollars very efficiently; we print them. The Chinese produce goods cheaply, because their people are numerous and relatively poor. And so we trade. Who is most efficient at producing what they produce? I suspect we have a much higher profit margin on the dollars we create out of paper. Therefore, once again, we have the trade advantage.
So, it could be that the media and politicians are stupid and don’t understand how trade works, or it could be that they are defending the fraud of the overvalued dollar. I don’t know which, but it’s one of the two, or both.”
http://www.gold-eagle.com/article/us-trade-advantage-china
53- Cont.
“So, why is China so easily deceived by our paper money? Could it be the same reason that nearly everyone in our nation has been deceived by our paper money? I think it is greed. China envies the Western Lifestyle. That must be the reason. Unfortunately, China seems to forget that the time period of industrialization and prosperity for the U.S. took place during a time when we used gold as money, and that the U.S. was not built on paper money. We are only prosperous now because we are enjoying the spoils of war through unjust trade with nations like China.
If China really wants to help their own economic boom take place, they must allow economic freedom and competition, and they need to put an end to fraud and corruption. To that end, they should pursue using gold and silver as money, and they should reject the U.S. paper dollars that they receive in trade with us, and demand gold and silver as payment, instead. They should reject the frauds of fractional reserve banking and should reject paper money. If they do this, they will stop being economically exploited in trade relations with the U.S., and they will prosper.
It’s really quite ironic. Commun!sm was supposed to prevent the exploitation of the worker. But China is more exploited now than ever. The last of the Commun!sts just don’t get it. The only way to end exploitation is freedom. At least they are slowly headed in the right direction by allowing the trade of gold and silver. Unfortunately, they may also allow futures markets, which is an open invitation to another paper nightmare of fraud.
If they want what we have, they ought to stop giving us what we have, and instead, they ought to make it and keep it for themselves, or trade value for value; not trade value for nothing as they are doing.”
53 I call bs on that article. China is holding US Treasuries. In fact, there is a link on how much they dumped in December. The US will be in default if this bonds,notes or whatever they are called. The US will never default on Treasuries unless Congress will refuse to budget
Spanish is the language taught to my first grader. Heck 30% of the kids in his class are Hispanic and moved here within the last year or two.
They had to write a few things in Chinese when they were learning about the new year. That’s about it. They weren’t taught to speak it or anything.
Meanwhile, Grim is busy contacting our employers to see if they’d like to offshore any of our jobs…..
I don’t know Mandarin, but I do enjoy their delicious oranges.
Not if Jeff Tittel has anything to say about it.
What about the migration and mating patterns of the speckled slug? We can’t have construction interrupting slug lovemaking.
FKA 2010 Buyer says:
February 19, 2016 at 12:37 pm
[36] Grim
Make America Great Again…..our HS are pumping out kids with a middle school education but I bet you could teach them to do some labor skills and have them build up the infrastructure here. In some small way, there may be some pride and a sense of responsible in knowing that you help “build” something great and made a difference.
Jesus Pumpkin – I shudder to think that someone with such a shallow understanding of debt is able to work as a financial analyst. Here is to hoping you do not “analyze” and fixed income or FX instruments.
55- Yome, it will never be payed back with equivalent value and that’s if they even pay it back. China has nowhere else to put the money. U.S. has them by the balls.
I shudder at the thought of someone thinking they are more intelligent than me, yet thinks these debts will be paid back on equal value or payed back at all.
homeboken says:
February 19, 2016 at 2:04 pm
Jesus Pumpkin – I shudder to think that someone with such a shallow understanding of debt is able to work as a financial analyst. Here is to hoping you do not “analyze” and fixed income or FX instruments.
What about the migration and mating patterns of the speckled slug? We can’t have construction interrupting slug lovemaking.
I tried to make a joke about a pink breasted cock swallow – but I realized that I just miss JJ.
Once establish that not only the property, but the personal military service of every ablebodied citizen is at the command of the national authorities, constitutionally exercised, and both successful rebellion and successful invasion are at once made impossible for all time to come. From that time it will be set down as a known fact that the United States is the most solidly based Government on the face of the earth.
…
When it is once understood that our national authority has the right, under the Constitution, to every dollar and every right arm in the country for its protection, and that the great people recognize and stand by that right, thenceforward for all time to come this Republic will command a respect, both at home and abroad, far beyond any ever accorded to it before.
http://www.nytimes.com/1863/07/13/news/the-conscription-a-great-national-benefit.html
chi (20)-
That little punk had it coming.
dfens (25)-
You know we’ve plunged to the next circle of economic hell when kidnapping Princeton Day School kids for ransom becomes a viable scheme to score a quick payday. Like in Argentina, Brazil, Paraguay, Colombia, etc…
“I am training my children to beat up rich kids who go to the Princeton Day School.”
From the FT:
Fannie Mae, the state-sponsored US mortgage backer, is at risk of needing a government bailout that could shake confidence in the housing finance market, senior officials have warned.
Fannie Mae’s chief executive and its regulator are sounding the alarm on a decline in the institution’s capital cushion, which is on course to vanish in 2018, when it would have to ask the US Treasury for emergency funds.
Their warnings highlight Washington’s inaction on housing policy and its failure to reform the institution, which guarantees nearly $3tn of securities and enables 30-year fixed rate loans, following the last financial crisis.
Since 2008 Fannie Mae has been in the post-crisis limbo of state-sponsored “conservatorship”, neither fully nationalised nor private, following several unsuccessful attempts by Congress to overhaul it.
Splat,
Must have caught the boy milking the dog:
http://southpark.cc.com/clips/152832/red-rocket
– OK genius – Explain to me what happens to the USD value if those debts are not repaid. I’ll give you a hint, take a look at Greece for a recent lesson
You are really going to compare the outcome of some tiny nation with the world’s superpower? We are the first and only global superpower in history. Those debts will be paid with a devalued currency, like they always have, until someone can kick our a$$. We run debts and 2% inflation policies, why? There you will find your answer.
homeboken says:
February 19, 2016 at 5:07 pm
– OK genius – Explain to me what happens to the USD value if those debts are not repaid. I’ll give you a hint, take a look at Greece for a recent lesson
Ah Satire..
https://www.facebook.com/millennialsofnyc/
re # 70 – Not your ass, your kids and grandkids ass.
Rememba those empty lots in Newark?
“As the City Council nears the end of a lengthy debate over Mayor de Blasio’s controversial affordable housing plan—one that could rezone some of the city’s poorest neighborhoods to allow for taller residential buildings with a percentage of affordable apartments—Comptroller Scott Stringer has identified more than a thousand city-owned vacant lots that he argues are prime for development into deeply affordable housing. Many of these lots, it turns out, have been sitting fallow for decades.
“When the City owns property, we get to call the shots about how land is developed and for whom, which is why these properties are so valuable,” Stringer said in a statement.
According to the Comptroller’s audit, the New York City Department of Housing Preservation and Development (HPD) has been sluggish in developing a chunk of the more than 100,000 vacant lots and abandoned apartments that it seized after the 1970s fiscal crisis in NYC. As of last September, Stringer’s office identified 1,131 vacant lots across the five boroughs, concentrated in Brooklyn and Queens. ”
http://gothamist.com/2016/02/18/affordable_housing_lots.php
trolls, both of you
D-FENS says:
February 19, 2016 at 9:07 am
Ragnar, I’d be interested to hear your thoughts on Pat Buchanan’s article
When a foreign nation is paid with the treasury holdings they have,the value of the dollar is compared to the value of their currency. If the value of the dollar lost its value when exchange to their currency,dollar paid more valuable to them. The reverse happens when the dollar is stronger.eq if the exchange rate is $1= P50 if the dollar got strong say by 10% $1=P55 The Country gets more from the payment. They will be better off holding the dollar and wait for the dollar to gain value, if the reverse happens.
Countries(bond holders) want a strong dollar.
So, no the Country(bond holder) don’t lose from the inflation of the dollar
“Those debts will be paid with a devalued currency, like they always have, until someone can kick our a$$. We run debts and 2% inflation policies, why?”
Correction:If the value of the dollar lost its value when exchange to their currency,dollar paid is less valuable to them
Countries(bond holders) dont care what the dollar can buy in the US. They care what the dollar can buy in their country. Not a care about how high is our inflation.They have their own economy
juice (73)-
I’m amazed that the DA hasn’t hauled the city of Newark into court to shut down a municipally-sponsored scam.
Calls for protectionism of the Pat Buchanan kind is the last step before all necronomic hell breaks loose.
BC Bob called that one- right here on this blog- nine years ago.
Can’t stuff the genie back in the bottle.
So NJ has the dubious distinction of having the highest mortgage debt per capita in the whole union. CA and NV next in that order.
NJ also tops in Credit card and student loan debt.
http://www.bloomberg.com/news/articles/2016-02-19/the-states-with-the-most-household-debt
Yome, the big problem is when you have a rapidly decelerating country (China) buggering their own currency at the same time as the private and public sectors are feverishly ramping up repatriation of offshore assets.
We’re already seeing reports of Chinese citizens lined up in order to purchase physical gold. Imagine if that ramps to a 2009-2011 level again. The Chinese do love their shiny.
Great good fun.
newbie (81)-
NJ = Murica’s capital of fcuktardery
@mtaibbi
The hysterical concern over how to pay for Bernie’s plans is hilarious.
Nobody worries about how we afford the F-35.
My take on the trade with China. China got played from day 1. The powers that be in the U.S. traded paper (iou’s that will never be payed back) for actual physical goods. They knew exactly what they were doing and made it seem like China was taking advantage of us by letting the U.S. media put up articles complaining of how China is taking advantage of the U.S.. China fell for it…..hook, line, and sinker. I wonder if they finally realized how they were being taken advantage of, as opposed of them taking advantage of the U.S. No one takes advantage of the only global superpower on this planet, just like no one takes advantage of the bully on the playground.
China just friggin bought the Chicago Stock Exchange. All those dollars are being used to snatch up assets. The currency peg ensures a steady flow of dollars out and the Chinese that get rich are coming here and snatching up assets. The only saving grace is that many of them want to establish permanent residence here. But what it’s done is drive up prices on the West coast to insane values. And that has been awful for the middle class there.
same goes for most banks.
didn’t we bailed them out with my taxes in 08? by 09 bonuses were back up. Germany’s government is bailing out Deutsche Bank again
Ragnar says:
February 19, 2016 at 3:54 pm
From the FT:
Since 2008 Fannie Mae has been in the post-crisis limbo of state-sponsored “conservatorship”, neither fully nationalised nor private, following several unsuccessful attempts by Congress to overhaul it.
Ben (85)-
And what China is doing to Canada (esp. Vancouver) is massive, compared to what they’re doing here.
A zero lot-line crack house teardown just went for 2.3mm in Vancouver.
That 2.3mm being 800K over asking, with multiple offers.
The buyer’s last name is not ‘Jones’.
The Chinese who are rich do the expected and visible thing: buy offshore assets.
Chinese who are not rich will do the only thing they can to preserve value in a collapsing necronomy: buy PMs.
Note: there are a lot of Chinese who aren’t rich.
it was exactly the same story with Japan 20 or so yrs ago
Ben says:
February 19, 2016 at 8:00 pm
China just friggin bought the Chicago Stock Exchange. All those dollars are being used to snatch up assets
“a business decision”, well what kind of decision a business should make if not a business decision?
Tim ain’t a coward like many of his critics. He’s standing up for the right thing. someone has to remember that this is America
D-FENS says:
February 18, 2016 at 7:40 am
By the way, Can I just comment on the Apple story for a second?
There’s a reason they are making such a fuss about decrypting the San Bernardino phones. It’s purely a business decision to whine about the FBI’s request to access the data on the phone. I don’t believe it’s because they care so much about our privacy.
it was exactly the same story with Japan 20 or so yrs ago
No it’s not. Japan didn’t have a billion poor people to continually exploit to keep this going for multiple decades.
Who’s doing the exploiting? Who really benefits from this?
I have changed my position on this. The only jobs lost to China, are low skilled jobs. If they can do it cheaper than our low skilled workers are willing to do it, then our low skilled workers better step up their skills, because I rather take advantage of the Chinese than our workers at home. Let’s face it, low skilled work means you will be taken advantage of. So why do we even want these jobs? I’m no longer feeling sorry for individuals with no skills. No skills means you should be taken advantage of and you did it to yourself by not getting the skills you need to not be taken advantage of. I will no longer be a defender of people that want to bring back low skilled jobs to America. Hell no, that’s not progress.
High skilled jobs in America going to Indians I have a problem with. That means you are taking advantage of our high skilled workers and I will never support that. They did what they had to do to become high skilled, no need to sell them out in the name of profit. These are the people that make america great, no need to screw them over.
Ben says:
February 20, 2016 at 8:41 am
it was exactly the same story with Japan 20 or so yrs ago
No it’s not. Japan didn’t have a billion poor people to continually exploit to keep this going for multiple decades.
Yes, the Pumpkin finally gets it. It’s funny how the human mind works. You think a certain way and can not be convinced otherwise. Then one day something causes you to look at it in a different way, and YOU CHANGE.
I don’t want a min wage in general now, never mind a high one. A high minimum wage is supporting the idea that we should be rewarding mediocrity at the expense of people that worked hard to get the skills they need. Oh you didn’t get the skills you needed in life, so you are on a lifetime min wage job, and now I’m supposed to reward you for this behavior by paying more than is justified by artificially inflating the wage at the expense of the skilled hard worker? The high skilled worker now has to pay more for the products. It’s backwards thinking supporting the minimum wage. You are asking the individual busting their a$$ to take their productivity and give it to the unproductive. Not right.
Keep those wages low in those no skill jobs, so people smarten up, and eventually no one will be taken advantage of in a low wage job in America, because they will all be shipped off or replaced by robots and america will be better for it. We don’t want anyone being taken advantage of, right? So let’s not support low skilled jobs by artificially increasing their value on the backs of the productive.
I have changed my position on this. The only jobs lost to China, are low skilled jobs. If they can do it cheaper than our low skilled workers are willing to do it, then our low skilled workers better step up their skills, because I rather take advantage of the Chinese than our workers at home. Let’s face it, low skilled work means you will be taken advantage of. So why do we even want these jobs? I’m no longer feeling sorry for individuals with no skills. No skills means you should be taken advantage of and you did it to yourself by not getting the skills you need to not be taken advantage of. I will no longer be a defender of people that want to bring back low skilled jobs to America. Hell no, that’s not progress.
It’s got nothing to do with skill. China’s currency peg ensures those poor raise their standard of living at such a slow rate that trade is a 1 way flow of money over to China. It’s in the nation’s best interest that this does not happen so that foreigners don’t buy our assets. The net result of jobs flowing overseas is a transfer of wealth overseas. China has slowly bought up foreign assets with all of this money and will continue to do so.
94. ….geezus you are thick….to call out winners and losers in America is easy.
Do you have money? yes or no.
Pat….you are just one strange lady……I guess everyone has their vices…..at least this one is really harmless…..I hope it gives you a good laugh….it certainly does me…..
dude, glad she makes you laugh.
better than witness your massive anger issue and lack of emotional control
chicagofinance says:
February 20, 2016 at 12:04 pm
Pat….you are just one strange lady……I guess everyone has their vices…..at least this one is really harmless…..I hope it gives you a good laugh….it certainly
Obviously not us. Our standard of living have changed. A poor Country 30 years ago is second to the US today.A Country that only ride bikes iscthe biggest polluter today. I guess those low paying jobs that we lost is worth trillions of dollars that is not in our pockets
The Great Pumpkin says:
February 20, 2016 at 9:13 am
Who’s doing the exploiting? Who really benefits from this?
China isn’t anywhere close to being as wealthy as the US. Per capita income is still far behind. Not even up to Mexico, Malaysia or Turkey, Chinese GDP per capita is only about 7500. There’s just so many of them that it makes them bigger than other poor countries.
Yome, we basically paid nothing for labor the past 30 years. It’s basically slave labor, but because you pay them something, it’s not. Has life improved for them, that’s a debatable question. The pollution cost for making our cheap products has to be considered in the equation also. Imo, we exploited them, not the other way around. Most of the money they received has been dumped back into our continent. Their rich buy our assets at high prices. So yes, they might own our assets, but at inflated costs, and who sold it? The person selling made out, which furthers our income inequality with so much money going to a select few of the economy. In my assessment, our business class totally exploited China. I can’t see it any other way. They bought our treasury notes with the money we are sending them. So they just sent it right back while giving us a physical product. Yes, not every dollar returns, but enough capital returns that our elite class continues to exploit them. If this money wasn’t returning, I doubt they would continue this trade deficit. I can’t think that our elite class is that ignorant that they would just give China the advantage to exploit us. It might seem like they are taking advantage when you look at the trade deficit, but you have to account for this capital returning to our continent in one form or another.
yome says:
February 20, 2016 at 4:22 pm
Obviously not us. Our standard of living have changed. A poor Country 30 years ago is second to the US today.A Country that only ride bikes iscthe biggest polluter today. I guess those low paying jobs that we lost is worth trillions of dollars that is not in our pockets
Obama blew off Scalia’s funeral? Are you fcuking kidding?
I know it’s seems that I am not taking an empathetic approach, but it is what it is. Do we want everyone to be equal or do we want a competitive driven system? Yes, I used to fight for equality, but the older you get, the more you see lazy characteristics all over the economy. It’s hard to support the notion that I will continue to work hard so that I can give someone a better life that doesn’t even appreciate it because they got it for nothing. They just want more and more.
For example, my town is being divided by full day kindergarten issue. I pay all these property taxes and over the hill in Paterson, they have access to full day K and pre-k, something my own kid doesn’t even have access to. How the hell does that make any sense? I busted my a$$ in school and paid my own way through college. Now why the hell should I send my hard earned money to these individuals that didn’t? They had access to the same education I did. Why didn’t they do their part? I had family problems growing up, I didn’t let it stop me. You have to reach a point where you say enough with the got damn excuses. Step it up. If your dad was a piece of sh!t, you should do everything in your power to not live like that, not follow in the same footsteps and put your own kids through the same hell. Yet, people use it as a crutch and an excuse to live a sh!t life. Life is about self improvement. No one said the journey would be easy, but you do what you have to do to improve your lot. If everyone understood this, this world would be a better place.
Look at the streets of Paterson, because you are poor, you are allowed to throw garbage on the streets and destroy everything in sight? You give them brand new houses and within a few years, they destroy it. Just because you are poor, you don’t have to live like this. Being clean and caring about your neighborhood has nothing to do with wealth and everything to do with the individual. I can no longer support this behavior like I have for over 16 years being the defender of the beaten down individual. They have to change in order for me to keep helping. I have to see that you WANT TO IMPROVE YOUR SELF LOT in life. Why keep throwing money at these cities when they continue to look like a garbage dump due to the people that live there. They don’t value their free education, they don’t value their free handouts, and they put all the blame on white people. Like white people are holding them down in 2016, that’s a lame a$$ excuse. White people have gone above and beyond to help everyone in this country, yet get accused of being racist on a regular basis. If white people are racist, why the hell would they give more opportunities to these other races than they do for their own kind. It’s easier for a minority to get into an ivy league school. It’s easier for a minority to get a free education at an ivy league school. So how the hell are you being held down by the white race? WE LIVE IN A CRAZY WORLD where people slap the hand that tries to help them. It’s just not right.
Why do white people move when minorities move into their neighborhood? Because they know these people don’t take care of the neighborhood and their home value will go to sh!t. It has nothing to do with minorities skin color and everything to do with protecting their money. “There goes the neighborhood” is a saying that came out for a reason. It means the people moving into the neighborhood will slowly destroy it by the way that they live. Throwing garbage on the ground, putting cars on lawns, leaving broken down cars in the driveway, etc. I can go on and on. People need to open their eyes and understand that they do it to themselves. Why doesn’t anyone move out when an asian minority moves into their neighborhood? They know the asian family will not ruin the schools or the neighborhood. They know this culture has a respect for self improvement and see no danger of their home going down in value if they move in. If that’s racist, people should go look up the definition.
Essex says:
February 20, 2016 at 10:48 am
94. ….geezus you are thick….to call out winners and losers in America is easy.
Do you have money? yes or no.
Last time I checked, common workers lost their pension benefits, can not afford to buy a house, can not afford to send their kids to college which they had before. Today they get food stamps to supplement their earning
Cost of goods still to the max the market can take.
“Yome, we basically paid nothing for labor the past 30 years. It’s basically slave labor
Poverty is not the result of no opportunities, poverty is the result of the social and cultural infrastructure of that poor area.
https://www.youtube.com/watch?v=KORZ8F–crY
If you get bored…then just watch this part….
https://youtu.be/KORZ8F–crY?t=7m9s
I agree it’s not right, but what are you supposed to do? It’s a competitive based system. Are you supposed to receive all these things in a low skill job? Not everyone is meant to buy a house. Money has nothing to do with getting an education. It’s available to all that wish to pursue it. I payed my own way through school and I’m not that old, turning 36 on Tuesday.
Pensions is something I believe we need. It’s just difficult to provide it to every single worker. Some jobs, companies just don’t make enough money off their labor to justify it. In jobs that do, health care costs (which are a ripoff) have taken the money directed for pensions and sucked it dry. I do agree that we should try to do something about it. I do believe the balance in the profit is off with too much going to the top. It’s a complicated situation with no easy way out. But I do agree with you that we should take better care of the workers of this country, they keep the system going, and should be rewarded for doing it. At the same time, I don’t think the answer to our job problem is to bring back low skilled jobs done overseas and paying an american 15 dollars to do it. Do you know how many low skilled immigrants will come here illegally if you setup a system like that? It’s just not realistic.
yome says:
February 20, 2016 at 7:51 pm
Last time I checked, common workers lost their pension benefits, can not afford to buy a house, can not afford to send their kids to college which they had before. Today they get food stamps to supplement their earning
Cost of goods still to the max the market can take.
“Yome, we basically paid nothing for labor the past 30 years. It’s basically slave labor
Courtesy of our friends at zerohedge
http://www.zerohedge.com/news/2016-02-20/muslims-should-be-executed-bullets-dipped-pigs-blood-trump-says
Muslims Should Be Executed With Bullets Dipped In “Pig’s Blood,” Trump Says
bush suspends campaign
Newark and New York area, right up there.
“California is often held up as a warning to those with misplaced aspirations for upward mobility. Yes, Hollywood and Silicon Valley hold out the promise of fame and wealth, but observers from Rick Perry to Woody Guthrie have denounced that story as mere myth: for the average Californian, they say, taxes are high, regulations onerous, and the workers outnumber the jobs.
But since Raj Chetty and his colleagues at Harvard and UC Berkeley revolutionized the study of social mobility—revealing significant variation within the United States, especially at the metro level—a more nuanced story has emerged. At least in terms of the administrative data mined by Chetty, Californian mobility looks pretty good.
Among large metros—commuting zones with more than two million people—children born in Californian cities into the bottom income quintile have an above-average chance of rising to the top quintile (the Golden State cities are represented by the light blue bars):”
http://www.brookings.edu/blogs/social-mobility-memos/posts/2015/03/11-california-social-mobility-reeves
Didn’t know the guys at zerohedge were so anti gun.
Wow. Ted Cruz is really one nasty, humorless sonofabitch.
I’d love to see a tampon jammed into Cruz’ pie hole, then lit with a flamethrower.
Cruz’ kids had to have been conceived turkey baster-style.
I can understand how Cruz’ wife sat three feet away from an interstate highway and thought about rolling into the slow lane.
Imagine doing Satan’s work all day at Goldman Sachs, then having to go home and listen to your blowhard husband whine about being hated by pretty much everyone inside the Beltway.
Rubio reminds me of my very conservative freshman year roommate. He’d run his mouth all day long in defense of any Rethuglican anywhere, except he couldn’t read a book or write a two page history paper, since he was functionally illiterate.
Prolly ADD too…except the diagnosis didn’t exist.
Too bad. I would’ve written his papers in exchange for a steady supply of Adder@all.
I wrote a couple of his papers anyway, just for the pleasure of injecting deeply disturbing ideas of my own into them.
Funny thing is, none of his professors even raised an eyebrow when reading about televised political executions or holding children of Congressclowns as political prisoners.
[4] I managed to capture some video of Pumps doing his research:
https://www.youtube.com/watch?v=H9bpAzmfs1s
Started doing some research on the issue I dove into yesterday. I’m amazed at our society’s solution the to this problem listed in this article. Yes, don’t suspend them. That’s their solution!
http://patch.com/new-jersey/wayne/s/fm5lx/new-jerseys-best-private-high-schools-ranked?utm_source=newsletter-daily&utm_medium=email&utm_term=schools&utm_campaign=newsletter&utm_content=article-state
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