"I think the real GDP growth will turn slightly positive sometime in the 2nd half of this year, but my guess is 2010 will be barely positive, with the unemployment rate rising for most of 2010. " - CR
Please CR may I ask that you finish this sentence
"The turn into positive growth in the second half of 2009 will be led by ______"
So how do the banks hide this kind of walking away? When do they take the hit to their balance sheets? Can you avoid a hit indefinitely by not pursuing the foreclosure?
Any auditors out there who know when the loss recognition must take place? When the EVP in charge of REO says officially they won't pursue a foreclosure on that property any longer? Or when the city comes after it for backtaxes and demolition costs and the bank tells the city they aren't going to take responsibility (and since cities facing this problem are backlogged, this kind of notice occurs somewhere in 2011)?
Here's a take on the persistence of extend and pretend, some decent journalism from Der Spiegel on BIS economist William White, who was right but not recognized because at the same time Greenspan was right and the Maestro, and naturally there can be only one:
my new favorite housing micromarket to watch is the stuff on the strand in oceano - still asking over a mil for those spots, especially the ones right on the beach.
I like it even more since White refs the Wile E Coyote metaphor...
... as well as comparisons of Central Bankers to Prima Donnas: "Central bankers can sometimes be prima donnas," says former BIS Secretary General Gunter Baer. He remembers the commotion that erupted at one of the annual events when it became known that a certain vintage of Mouton Rothschild was unavailable.
I've had a series of conversations with the CEO of Emergency Management Solutions in the past couple days and here is what I have learned:
- all her clients activated their pandemic plans when the WHO raised the pandemic level to 6
- at the conference held last Thursday they were told by the CDC that it looks like the best case scenario is infection rates this fall of 50% to 70% in North America with a mortality rate of 0.5%; this is comparable to the Asian Flu (H2N2) in which approx. 2 million died
- seasonal flu has an infection rate of 10% to 15% and a mortality rate of 0.1%
- businesses should plan for significant drops in revenue and up to 50% of their employees staying home due to illness
supply chain disruptions will occur
- "Social disruption may be greatest when rates of absenteeism impair essential services, such as power, transportation, and communications." (WHO)
- models by some of her bank clients show a potential economic drop of 20% and a slow recovery (>5 months)
- businesses that rely on groups of people gathering (restaurants, theatres, etc.) will be hardest hit, especially if a "do not congregate" order is issued
- if your business does not have a pandemic plan, there is not a lot of time to create and enact it but do not delay
Does anyone have a link to a transcript or video of the flu conference at NIH - took place I believe July 8 or 9?
HollywoodHack (homepage, profile) wrote on Sun, 7/12/2009 - 3:55 pm
Rob, my new favorite housing micromarket to watch is the stuff on the strand in oceano - still asking over a mil for those spots, especially the ones right on the beach.
thoughts?
Oceano == "Santa Maria by the Sea." You want real insane, travel down coast to Solimar Beach.
Scientists at the US Armed Forces Institute of Pathology in Rockville, Maryland led by Dr. Jeff Taubenberger have managed to piece together and sequence the entire genome of the virus known as H1N1 (the research is in the current edition of Nature); with the complete sequence in hand, Dr. Terrence Tumpey at the US Centers for Disease Control in Atlanta was able to recreate the virus for study, as reported in the latest edition of Science. What the biologists found was unexpected, troubling -- and potentially the key to fighting the next influenza pandemic.
But TPTB wouldn't do anything, um, unsavory, would they?
oops, forgot my foil cap...
Brits Tell Goons With Needles To Stick It Where The Sun Don’t Shine
Respondents to newspaper story say they will refuse to take shot as health authorities insist “all Brits” will take swine flu vaccine Brits Tell Goons With Needles To Stick It Where The Sun Don’t Shine
Let the poor and/or uninsured die, or recover on their own if they contract swine flu. While publicly expressing great concern and sympathy--the tired old, "our hearts go out to you and we're praying for you." But you know, you can't expect Big Pharma to forego its profits, now can you?
It's one way to decrease the pool of the unemployed.
I like how The Who have not updated the latest number of cases. I knew a few days back they suggested they migt stop reporting flu deaths and cases, so this seems fairly normal, i.e., to stop reporting news about a pandemic ..........yah know...
HomeGnome - but the link is from 2005. They sequenced H1N1 4 years ago. This is not news. Not even close, even with the crisis retrospectives going on.
The real news is the latest pandemic, swine flu which...
is this the mythical "shadow inventory?
I think you mean "legendary". Myths are made up stories, legends have some basis (no matter how tenuous) in fact.
"Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market"
by David Lereah (Author)
“An invaluable book . . . Today’s real estate markets are booming and Lereah makes a convincing case for why the real estate expansion will continue into the next decade. This book should prove to be a truly practical guide for any household looking to create wealth in real estate.” —DEWEY DAANE, FORMER GOVERNOR OF THE FEDERAL RESERVE BOARD OF GOVERNORS
“An important book, whether you agree with the author (as I do) that housing will remain an excellent investment or are convinced that home prices are poised for a plunge, David Lereah lays out a compelling vision of housing as a continuing positive investment—and how you can profit from real estate if you already own the home you live in, are looking to move from rental housing to an owner-occupied home, or want to use real estate as an investment.” —DAVID BERSON, CHIEF ECONOMIST, FANNIE MAE
According to the Centers for Disease Control, 211 Americans have died after contracting H1N1. A CDC map shows some H1N1 activity in almost every state, with widespread illness in more than 20 states.
I read the other day a report from Utah Health Dept which was pulled, which reads:
The Centers for Disease Control and Prevention is now estimating the virus will be a "Category 2," which means it has the following characteristics:
Case fatality ratio of 0.1 percent to less than 0.5 percent.
Between 90,000 and 450,000 deaths in the U.S. (compared with estimated 36,000 deaths during a typical influenza season).
Excess death rate of between 30 to less than 150 per 100,000 people.
Illness rate of between 20 percent and 40 percent.
If the bank sold the house for $100,000 when it was worth around that price we wouldn't be in this situation. But I guess it is easier & cheaper to silently stick the original walkaway owner with the title and let the neighborhood rot. What a sad state of affairs.
Well, Ive got to run to keep from hiding,
And Im bound to keep on riding.
And Ive got one more silver dollar,
But Im not gonna let them catch me, no,
Not gonna let em catch the midnight rider.
And I dont own the clothes Im wearing,
And the road goes on forever,
And Ive got one more silver dollar,
But Im not gonna let them catch me, no
Not gonna let em catch the midnight rider.
And Ive gone by the point of caring,
Some old bed Ill soon be sharing,
And Ive got one more silver dollar,
But Im not gonna let em catch me, no
Not gonna let them catch the midnight rider.
The last worst case estimate I saw, about a week ago, had US H1N1 mortality in the worst case at 400,000. This 'best' case estimate, if authentic and valid, gives about triple that figure. Some models show significant drop in economic activity.
On H1N1. I had the unfortunate visit to the local urgent care this week end when the doc was happy to announce I did not have the Swine flu. Seems the local Bible camp had camper for several states including Texas and now the local kids are showing up as well as their parents with it. They have been in contact with the CDC about the cases.
Wall Street is buzzing that Goldman Sacks which only recently paid back its government bailout money, earned more than $2 billion in the March-June period.
Maybe just maybe the revolution will be televised...
U.S. health officials are watching countries in the southern hemisphere where it's winter and flu season now, to see what effect H1N1 might have here in the fall. Bolivia announced its first two swine flu deaths today.
"When exactly the flu season starts, we can't predict, but we will have a vaccination ready by mid-October, assuming we have a safe, effective strain that's been identified," Sebelius said.
I'm watching too.... I'm watching:
Argentine financial markets and banks will close on Friday as part of government efforts to fight an outbreak of the H1N1 flu strain that has killed 70 people, officials said on Wednesday.
Argentina's health minister has resigned amid the growing swine flu epidemic, reportedly after failing to persuade the government to declare a health emergency.
The Government of Canada is working closely with the Province of Saskatchewan to assess the public health risk from a new strain of influenza that has been detected in the province.
So it seems the next growth industry is buying condemned blocks of houses, bulldoze them and get them rezoned to turn into cemeteries.
Bury the dead on dead houses. Problem solved, now why did I use all my tin foil to insulate my brew pot?
Title is always somewhere. If the lender doesn't take it back the
owner still owns it until it is subject to tax lien foreclosure. If he/she
disappears, this doesn't mean much.
do you really think that CDC or NASA are any better at predicting the future than our financial
institutions?"
The CDC has very practical experience with infectious disease. NASA has satellites in orbit. Without being utterly dependent on their forecasts, I would take them very seriously in the case of high risk.
My old grandfather of a friend sent me an email saying that his equities index fund was flying into the sky and recovering his losses. I responded with this email:
"Regarding your stocks, I don't typically give advice, but here is my opinion. Nothing fundamental has changed from last fall. The market has rallied by a historic margin this quarter, beyond all reason and without any improvement in fundamentals to support it. As a consequence, we can expect that these gains are going to be followed by a broad decline, as indices return to a value more reflective of the true plight of our economy. I am confident in this assessment. Now's a good time to take your gains and shift at least a portion of your portfolio into stable, secure short term bonds. If you have access to a treasury or low volatility short term federal agency fund, you should use that as a place to stash your cash. Do not commit to CD's or anything with a liquidity horizon beyond three months.
Look, when you see phrases like, "Best quarterly gain since 1932" you know that this is not a true, steady rally up, but is one of those terrible heaves that the market goes through during a time of great volatility and decline. Do not think that you're "missing the train" if it goes up 10% 15% in the next few months. Our true economic recovery from this catastrophe will not resemble a quick V shape that an investor must catch early on or miss. Fundamentals such as consumer debt capacity, real economic baselines such as job creation and median income jerked the floor out from under our feet, and these basic, slow things will take time to regrow in an organic fashion. Any recovery from this will consequentially be gradual and driven by real economic factors, not central bank manipulation or quick recovery schemes. Any recovery from this mess will be gradual, not sudden. Beware of a recovery that resembles something else.
Sit on the sidelines and count your money, and when things have shaken out, return to the market and take the stable gains that come to any investor which are available during normal economic times. In my opinion, trying to jump on the elevator as it flies up and down during this time of upheaval is gambling, not investment."
It's a little more repetitive than my writing typically is, but I felt the need to drive the main points home.
Re: "How can you model something that is not understood."
See Brownian Motion:
revious discussions of the phenomenon had all been qualitative—Einstein demonstrated that careful observation of Brownian motion could reveal the actual size of molecules, that is, find Avogadro’s number. Brownian Motion
Absolutely not. Stellar motion is orders of magnitude easier and
we have been working on this stuff for over 3000 years.
But weather forecasting is actually getting better. Hurricane forecasting
in particular. Tho it isn't good enough of course. Still the swath is smaller
than it used to be and the forecasts in time to warn people to get out affect
fewer than they used to.
Did anyone call out for dinner yet?
July 13 (Bloomberg) -- Japanese and Australian stock futures slid after a more-than-anticipated decline in consumer sentiment drove down U.S. equities. Resource-linked companies retreated in New York trading after metals and oil prices fell.
When will the recovery begin? Never
We can't just bounce back from the recession, because the old way of doing business is dead
By Robert Reich
The X marks a brand new track -- a new economy. What will it look like? Nobody knows. All we know is the current economy can't "recover" because it can't go back to where it was before the crash. So instead of asking when the recovery will start, we should be asking when and how the new economy will begin. More on this to come. Globalization - Salon.com
I assume that this is a lien theory state, foreclosure done by
posting. So they did everything but record the trustee's deed?
Between the parties, an unrecorded deed is good, is prolly
the proper point of law. That means, between the borrower and
lender the deed is good. Any thoughts from lien theory state lawyers?
This might be like the bank is awarded the property by summary judgment
and then never schedules the sale? Except the court schedules the
sale. suppose the lender cancels it, which they can do, usually because
they discover the legal description was wrong when the published the
sale, or they are paid, or bk is filed. Frankly I don't know the answer.
Perhaps the owner can do a reverse title clearance lawsuit!! Saying
he DOESN'T own it. A declaratory judgment action?
July 13 (Bloomberg) -- Mitsubishi Motors Corp. will reduce planned output by 20 percent at a plant scheduled to open in Russia during fiscal 2011, the Nikkan Kogyo newspaper reported, without saying where it obtained the information.
I think the problem with forecasting of any kind is not just the complexity of the systems involved but with the human population of the planet. (I am not arguing for self-imposed population controls here, just stating the problem of increased population). Goes back to what I have been saying about over-leverage existing everywhere...does the mere fact that we have more people make prediction of the future itself harder? Also there is a macro level, galactic level if you will. What goes on out there, does change systems down here. In terms of weather predicting, the complexity of the programs keeps getting worse. At some level, everything changes the weather, how do you program for that. You don't, you program trends and models based on previous documented weather patterns. I see this getting worse as our knowledge of the world and universe around us increases.
What I would watch in terms of GDP would be companies like Mitsubishi that can't sell stuff, regardless of what the government tells people about fluctuations or forecasts in GDP. The big companies like Ford and GM that depend on sales have to produce real income. That may seem obvious, but if the jobless recovery were actually a few months off, would these giants be pulling the plug?
Suzuki, Japan’s fourth-largest carmaker, reported a 78 percent drop in unit sales in June, pushing its first-half decline to 60 percent, the market’s worst. Mitsubishi is down 51 percent this year, and is stuck in a slump that began in 2003.
Both carmakers “should withdraw from the U.S.,” said Yuuki Sakurai, chief executive of Tokyo-based Fukoku Capital Management Inc., which oversees about $10 billion in Tokyo. “It’s time for them to decide whether they pay a high price to continue business there or stop the bleeding.”
"WASHINGTON — Legislation to overhaul the nation's health systems is unlikely to make it through the House and Senate before the August target set by President Barack Obama and other Democratic leaders, lawmakers said Sunday."
I sent the wife to the courthouse to attend trustee sales over the past 3 weeks, since I saw some transactions that went 50% below 1st lien and well below comps, $1 above min bid. I think the lenders are finally capitulating and flippers are out of $$$$.
Got my eye on 1 that is up tomorrow. It's been postponed a couple of times before. We'll see...
"Funny how some people see anti-semitism everywhere, but when the biggest anti-semite to come down the pike rips off his own people, the same people were as quiet as church mice."
What the fuck are you even talking about?
How is Madoff an Anti-Semite?
Madoff is the worst kind of anti-semite, as in the destroyer of his own people's wealth and culture. Nobody else could have perpetrated what he did, because he had the inside track.
They haven't agreed on how to pay for an ambitious health care plan, and it may be possible that we simply cannot afford it. The latest source of money that they discussed (high-earner tax increases) is probably not a good idea in the current economic environment, and probably would not produce enough revenue anyway.
I would like to see the health care system fixed, but I would rather see a well-designed plan with a workable funding source than whatever our fine congresscritters can kludge together by an arbitrary deadline.
Yah know what the problem really is, in this post-internet economy ...huh, ... do yah? It's a matter of scale! The BIG giant companies like Ford and GM are great examples of companies that came to depend on unmanageable scale -- the TOO BIG TO FAIL MODEL. This is why capitalism blew apart, because Ford couldn't continue to expand its operating scale.
Calling it 'single payer' is a misnomer, imo. We need a government sponsored alternative (non-profit) to the insurance companies, open to anyone who chooses.
Giving Americans free (LOL) health care will not make America competitive in the world market. Cost will grow and hiding it on the balance sheet in another column will just come back to the workers and consumers hidden from their face. There is no free lunch.
Reading about yet another "Hovel-Ready" place, a blighted hot potato that nobody dares touch on all sides of the financial equation (lenders don't want it, city doesn't want it, the homebuilder doesn't want it) is par for the course, nowadays.
So, Singapore seems to be poised for V-shaped recovery. I suppose it is primarily driven by inventory adjustments.
What will pull the US out of the recession with unemployment continuing to rise???
And another reason to think what it means not to have any notion of a national industrial growth program in the US.
July 13 (Bloomberg) -- Singapore’s economy probably expanded for the first time in five quarters as a rebound in manufacturing helped the Southeast Asian nation emerge from its worst recession since independence in 1965.
Gross domestic product rose an annualized 13.4 percent last quarter from the previous three months, after shrinking 14.6 percent between January and March, according to the median estimate of 12 economists surveyed by Bloomberg News. The trade ministry will release the data at 8 a.m. tomorrow.
Singapore and other economies in the region are forecast to report better second-quarter figures as about $2 trillion in stimulus worldwide helps stabilize overseas sales for companies including Japan’s Nissan Motor Co. and South Korea’s Samsung Electronics Co. The International Monetary Fund last week increased its forecast for emerging Asia’s growth in 2009.
“Much healthier manufacturing-sector numbers in the second quarter are the key drivers” of Singapore’s performance, said Chow Penn Nee, an economist at United Overseas Bank Ltd. in Singapore. We “will also likely see financial services boosting the services sector, with the rally in the stock markets in April, May and June.”
Singapore’s industrial output climbed in the first two months last quarter, while the decline in the island’s exports narrowed in May amid gains in drug shipments. Manufacturing, which slid 26.1 percent in the three months ended March, accounts for about a quarter of the economy.
Think of it this way, what would happen if the population in one town grew at a rate of 10% and the town 10 miles away had a similar growth rate of 10%, but then there was some event that doubled the growth rates (your thinking housing bubble here) -- there would be a path for convergence and thus the "relativity of simultaneity " related to scale growth would result in what ...more growth or less growth? Of course, growth can't overlap indefinitely in the same place, and obviously, this is the condition in the current collapse of capitalism, i.e., the scale of expansion has caused a systemic collapse. The funny part is, The Obama Team is going to attempt to re-fuel the same bubble and hope that we can pretend that the previous model will work in a new way, but as our friend Mr. einstein suggested, "The definition of insanity is doing the same thing over and over again and expecting different results".
I wonder how widespread the lender walking away thing will be.
I have a couple of possibilities, but I just don't know. One where
they haven't done anything for a year and a half--but I overturned
a summary judgment that they'd already gotten, so I think they just
forgot about it. Another, where I interposed a defense which was
really a favor--they dropped the wife for reasons unknown, and they
needed to eliminate her interest. There was a cancelled Summary
judgt hearing for, I dunno, Oct? Nov? Dec? of '08. All they has to
do was add the wife back in, but nothing is happening. Family living
there for free, for I guess a year now, and sales are months after
the summary judgt, so even if they wake up on Monday, they get to
live there for free for 3 or 4 or 5 more months.
Giving Americans free (LOL) health care will not make America competitive in the world market. Cost will grow and hiding it on the balance sheet in another column will just come back to the workers and consumers hidden from their face. There is no free lunch.
~~~
LOL
Same old tired tack eh Lobbyist Ben Dover ... ?
The studies are in, they all say Single Payer is the best way to go ...
True single pay would be pay for your own. We have that now with freedom to chose or do nothing and get free death bed care. Some day we are going to run out of producers and it will collapse. Maybe it might be this time around.
comrade mike (profile) wrote on Sun, 7/12/2009 - 5:30 pm
How are we going to pay for health care? For a new pork package? For just worthless spending and spending and spending? The US is broke!
It's all about hope and change...according to the O
mmckinl [We must go back to the Pre - Reagan tax rates ...]
No one's stopping you. Do you need the address of the IRS so you pay extra. If not I can find it for you. Or do you just want a formula where everyone else pays more, like the chumps on HuffingtonRag are pimping.
Our healtchcare measurements are crappy because we are overweight & have a lot of drug addicts and AIDs patients. Are they all of a sudden gonna get healthier? You Michael Moore marks make me want to stop paying taxes now.
mmckinl [We must go back to the Pre - Reagan tax rates ...]
No one's stopping you. Do you need the address of the IRS so you pay extra. If not I can find it for you. Or do you just want a formula where everyone else pays more, like the chumps on HuffingtonRag are pimping.
Our healtchcare measurements are crappy because we are overweight & have a lot of drug addicts and AIDs patients. Are they all of a sudden gonna get healthier? You Michael Moore marks make me want to stop paying taxes now.
~~~
A typical Medieval response that bears to relationship to the problems at hand ...
All the Other G7 countries already have single payer ...
All the other G7 countries have higher taxes to support their people and their business sector ...
Profits pay stock holders and trigger double taxation. That would hurt a lot of investors especially pensions, retirees and not to mention taxes again. Do you work as a no profit employee? That would drive the cost of what ever product or service you produce.
"Obama's announcement of no second stimulus has got to shake the markets ... "
......why would a statement or stand from a POTUS, that changes his mind continually, shake anything? One of the BIGGEST problems with small and large business is the constant changing of rules, procedures, laws AND ENFORCEMENT. Confidence? Yeah right - That's a 20th century con-term.
Thanks for pointing out the Vanity Fair Harvard article. My favorite quote (regarding their operating expenses):
Munk asked the hedge fund manager to look at Harvard’s finances and assess the extent to which its endowment will be able to keep pace with its immovable costs. The hedge fund manager’s conclusion: “They are completely fucked.”
"The government is already more efficient ... it's called Medicare ...
3% administration costs vs. 25% ...
And lower price increases per patient ... "
Medicare is like doing wholesale work and the other is like retail. Wholesale is to pay rent and retail brings in the profit. I don't think the system can run on whole sale. My experience with doing repair work for the post office was you would be BK in not time doing exclusively. They begged us for years and we never did it.
A government employee gets a new job and his predecessor had systematically allowed his cronies to the spoils in a fashion that would make Warren G. Harding blush, but because it's now his job-he must take all the blame for it?
You get a new job and your predecessor had systematically allowed his cronies to the spoils in a fashion that would make Warren G. Harding blush, but because it's now his job-he must take all the blame?
Yes, because he was stupidly ambitious enough to run for the job.
POTUS is POTUS is POTUS. Doesn't matter what the party affiliation or the surname is.
MrM - outbreak of stupidity in Singapore, huh? The analysts are quoted in ways that it's difficult to tell whether they're talking "emerging Asia" or Singapore. If the latter, then manufacturing is irrelevant, since that's not where Singapore makes its dough. And if the former, it's irrelevant because trans-pac trade is horrifically strained at the moment, and Singapore routing fees are not something you'd want to add to margins already at bone-gouging levels, and even being renegotiated in a nasty multipartite game of chicken: Trans-Pacific Carriers Seek Drastic Rate Hike | Journal of Commerce
The para on financials is quite delusional, but that won't be a surprise to anyone on this board.
Fine with me to start small and find out the real truth and not jump in the black hole of problems of no return. Heck Start with congress would be even better.
About right now would be an excellent time for a UFO to land on the white house lawn, and somebody that looks just like us gets out and announces he's doing a 50,000 year check-up on us, routine maintenance.
All the more reason to believe that an "alien silicon intelligence" would be better at medical diagnosis than any single doctor. It would draw upon not only a broader range of examples across the U.S. and world, but a deeper historical range.
I have Blue Cross also and I have 4 doctors and all do communicate but the ball has been dropped on small stuff usually found to be office works not doing their job.
Right now insurance companies use several percent of their "administrative costs" to identify the 80% of the American public which is relatively healthy and very profitable to insure. They avoid insuring the 20% that is chronically sick and very expensive to insure. Those sick individuals are forced on to medicare or treated at emergency rooms.. Therefore, the government insures only the expensive to insure Americans (and we taxpayers pay ), while insurance companies make lots of money off the healthy..
Furthermore, those who aren't insured at all end up at emergency rooms where costs are the highest.
Juvenal Delinquent (profile) wrote on Sun, 7/12/2009 - 7:59 pm
About right now would be an excellent time for a UFO to land on the white house lawn, and somebody that looks just like us gets out and announces he's doing a 50,000 year check-up on us, routine maintenance.
I don't think they're going to be too pleased by our stewardship of the place or our treatment of each other. Just hope they don't decide to eradicate the failed colony and start over.
If there is a serious flu epidemic this year, we will discover what a public good is worth. Or would you rather that flu victims circulate through public places, and sit for hours in emergency rooms until they've infected a large number of the patients and staff in the hospital.
Our species is still not adapted to complex mass societies, which is why it's going to take its lumps, sooner or later, although I must say I was impressed with the way the Chinese handled SARS.
the thing that bugs me about the universal health care debate is all the focus is on the insurance companies, when the main culprits for the runaway costs are the providers. It's somewhat silly to debate the administrative costs when we aren't even sure what should be covered. The system simply can't handle $2000/month in life-maintenance drugs taken over 30 years or free rascal scooters for anyone over 65.
"I don't think they're going to be too pleased by our stewardship of the place or our treatment of each other. Just hope they don't decide to eradicate the failed colony and start over."
Private produces taxes, permits, taxable infrastructure, Taxable jobs (even excess). Government does not produce any. Private insurance could go down if the Government did not mandate hospitals that no pay customers that these cost are passed on to the insurance and cash payers. Fix that first.
"Congress should also be paid the median income of the nation, IMO."
Even if it was some multiple of median, it would be an incentive for them to help those who need it. At least until they perverted the methodology for determining the median.
pavel.chichikov (homepage, profile) wrote on Sun, 7/12/2009 - 8:05 pm
"I don't think they're going to be too pleased by our stewardship of the place or our treatment of each other. Just hope they don't decide to eradicate the failed colony and start over."
We've got termites!
The locusts always take over... I'm sure it's one of the basic postulates of their future science of psychosocial engineering
Now the Island has turned against you and wants to throw you off. But I believe your innate superiority to Homo Socialistis should be more than enough to save your pile of money and I'm looking foward to a second entertaining season!
Blackhalo (homepage, profile) wrote on Sun, 7/12/2009 - 8:09 pm
"Congress should also be paid the median income of the nation, IMO."
Even if it was some multiple of median, it would be an incentive for them to help those who need it. At least until they perverted the methodology for determining the median.
symbol manipulation is the new manufacturing... get with the times! look at all the value being created!
Surgical masks do next to nothing when it comes to viruses - and they only work for 20 minutes when used for bacterial infections.
We only have to look to the southern hemisphere in order to get an idea about how much this flu is going to disrupted businesses and communities. It hasn't seemed to have the catastrophic effect that this post indicates will happen.
Older folks probably won't be as severely affected as those in the teen to 50 range. So far death rates have been well below those of traditional flus.
I'm betting that H1N1 is going to be very average in the way it affects folks. Hope that I am right."
ResistanceIsFeudal (profile) wrote on Sun, 7/12/2009 - 6:04 pm
I don't think they're going to be too pleased by our stewardship of the place or our treatment of each other. Just hope they don't decide to eradicate the failed colony and start over.
"Bordered In Black" or "What Can You Say about Chocolate Covered Manhole Covers?" - Niven 1973
The title passed when the court entered judgment in favor of the Plaintiff, our old friend Deustche Bank, it just didn't have an official "owner" until the Sheriff's Sale occured. Ratification of the sale is a formality. In the absence of reversible error by the attorney, they judge doesn't have grounds to overturn the judgment for the benefit of the lender.
That being said, 3 years delinquent taxes, or taxes that are delinquent for three years, and the County forecloses. At that point, it becomes the taxpayers problem.
Deflationary Jane (profile) wrote on Sun, 7/12/2009 - 6:29 pm
...Friday is one of my favorite scifi books, right up there Moon is a Harsh Mistress and the Mote in God's Eye.
Cute story but face it, by "Friday" Robert Anson was really just "phoning it in." "Mistress" however, could probably be recreated from memory by any three engineers ever in NASA.
Lobbyist Ben Dover
"Private produces taxes, permits, taxable infrastructure, Taxable jobs (even excess). Government does not produce any."------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In America doctors, on average, make almost twice as much as doctors anywhere else, and 2 and 3 times as much as doctors in some places in Europe (like Denmark).
Overused and over prescribed tests in America add unnecessary costs too. The example given by a physican quoted in the New Yorker is:
" If your home were design by a plumber how many sinks would you have in you house? If it were designed by electricians, how many outlets would you have? But we allow doctors to design our health care system."
High costs of medical care are like a burdensome tax on us. The money we pay for medical care and medical insurance comes at the expense of discressionary spending. If we spent less on medical care wouldn't we have more money to spend on other things?
Medicare sucks as bad as private insurance except in a different way and with the same doctors and opposing counsels. Look into end of life costs and premature birth costs before deciding you want government to get / stay in the insurance business. How many dollars did OctoMom pay for her eight bundles of premature joy? Ooops, I mean the taxpayers of CA.
My Mom died in the hostpital after surgical complications last year and the bill was over $300,000 for the 11 days of ICU!! Yeahah, thanks to all of you with work and who contribute to Medicare cuz you paid it! Had to fight the doctor even though she had medical powers of attorney because he has to be aggressive to protect his @ss and the choice was to go to court and force him to treat her in a way that was aggressive. See, she could breathe on her own but was stroking due to rigors imposed upon her by sepsis (look it up, it is a b*tch Note, if this was 1998, I'd be writing about a lesser "kill time" for my Dad so less expensive)
I thank my Dad for his career in the Air Force because the family did not pay anything under the military Tricare program. Thanks to all of you who pay Federal income tax.
I am not complaining but for any of you who think costs are containable without some kind of rationing and tax increases, ooooo, big surprise. Read this, Iand although it has a lot of great information it does not address how to pay for stuff:
Maybe not profit, but there is a corner with "red light camaras" that sure increase the city's coffers.
I get gas at a certain corner. Every left turn light arrow, when it turns yellow to red (really fast) photos 2 cars per light change. Those tickets run $175.00 each. So 2 cars every 4 minutes all day long. That is a big chunk of change for very little cost.
I thank my Dad for his career in the Air Force because the family did not pay anything under the military Tricare program. Thanks to all of you who pay Federal income tax.
Quick quiz: The following sentence is (a) correct, or (b) incorrect : Air Force careerists are overpaid.
Frankly, I think anybody that spends his/her career inside the armed services has given up a pile of money (esp with the incipient probability of going to war), and so the expensive treatment was prepaid.
Doctors in California's Central Valley were offered up to double what they were earning (and no malpractice insurance needed) caring for innocent Americans, to care for felons in our for-profit-prison-system.
mmckinl (profile) wrote on Sun, 7/12/2009 - 8:40 pm replyIgnore userbaron
mmckinl (profile) wrote on Sun, 7/12/2009 - 8:30 pm
No ... all Libertarians
Further more they have no idea of the importance of social structure or that man is actually
a social animal spiritually, socially and physically .
Since you are talking to a card carrying Libertarian who studied Social Psychology in college, and who spent 10 years working Health and Human Services, I'm betting you are wrong.
"Millennium Partners is in default on its two-year $90 million loan for the 277-room Four Seasons Hotel San Francisco, according to the developer.
The luxury condo and hotel developer and operator has purposefully stopped making debt payments as a strategy to jump start renegotiating the debt with the special server, LNR Property Corp. The Four Seasons is the second luxury hotel to default on its debt payments in recent weeks. The owners of the 393-room Renaissance Stanford Court Hotel in Nob Hill, funds controlled by JER Partners, defaulted on a $89 million loan, according to lender Barclays Capital.
In a statement Millennium Partners said it has “strategically withheld payment of debt service. Conversations on restructuring the debt have begun and Millennium Partners is hopeful that they will result in a positive outcome.”
If cars where designed by Auto mechanics the would be made to repair and not what customers want. They are resally designed by accounts and look where we are.
Of course the medical system needs a tune up. The cost problems are partly from the Fed government mandates. get them out and see what happen. I don't care what doctors get paid in other countries. Simply put generally 3 out of 4 of my doctors are from foreign countries. Why are they here if the living is better else where. By the way It was a Phillipino doctor that save my bacon. The grass is not always greener on the other side.
JP
Hell no career folks are not overpaid, and are gone a lot and do take the risk of getting shot a tor through. I should know since I was there for 18 /12 years of it and was a bit concerned at 12 when in 1968 Russia reasserted her domination of the Czecks.
Still, it was Dad's choice and when he made it many of the later promises were just that, later promises. You could insert CA highway patrol, correctional, fire ad nauseum pensions and likely a lot of other places. So, we the people sweetened the deal.
Like I indicated, I'm not complaining that myself and siblings benefited thru inheritance.... Just thanking all the someone else's who let us keep the money.
To funny I am not a Libertarian nor a Republican. I am a conservative who does not believe in theft by taxes and redistribution for those who do not contribute to the tax system that could.. No free rides. To many people living off of others though a broken government system. What is the current worker to total population including illegals. Bet it is very few workers.
Do you let the waiter order you food? My heart Doc does 1 test a year instead of the 4 he wants to sell me. I hit my minimum every year. Why should I care? They are in business to make money and those who just say ok are more the problem. Realtors where million dollar sale rings to impress customers and encourage sale by confidence. If doctors make to much money then the field should soon be flooded with new American born and trained doctors. I doubt it will happen to dam much education residency ans a very short work career. Maybe doctors don't really make enough.
Don't forget those lawyers who drive the hell out of law suits decided by lawyers as judges.
Abandoning all hope!
Maybe we should increase the dose of Hopium?
See?
A Lenders Prison does make sense!
CR,
Are you having 2005-2006 flashbacks when these subjects were first broached and the concept of negative asset values was considered crazy talk?
So can the city go after the former owner for back taxes, demolition costs etc?
Lazy lenders, first they won't give mods, now they won't even take the property and sell it cheap.
Socialize 'em!!
Someday this war's gonna end...
So can the city go after the former owner for back taxes, demolition costs etc?
You misspelled "current" owner.
Rob Dawg,
In 2005, saying that the crazy housing market was an asset bubble was heresy.
Lenders can walk away?
Please do not tell this to the Chinese!
lol. Thanks for the correction.
Too late!
//Please do not tell this to the Chinese!//
To rephrase: Who eats the taxes and demolition costs?
To rephrase: Who eats the taxes and demolition costs?
If you have to ask...
It is great to be crazy!, They all just forget you when it turns out you where right! LOL!
Homeless Bandos, what next?
Walk Away ( appropriate thread music from The James Gang )
Dailymotion - The James Gang - Walk Away - une vidéo Musique
They all just forget you when it turns out you where right! LOL!
Yes.
In fact, they have incentive to dis-remember you
Nature of the memes.
Ecological niches can't be shared.
"I think the real GDP growth will turn slightly positive sometime in the 2nd half of this year, but my guess is 2010 will be barely positive, with the unemployment rate rising for most of 2010. " - CR
Please CR may I ask that you finish this sentence
"The turn into positive growth in the second half of 2009 will be led by ______"
Here, have your sh!tpile back, because I'm done payin for it. Adios.
Why thank you sir, but no, you have it, we insist. Sir? Oh well. File the papers Shirley.
C
OT (but VITAL!)
Danny DeVito serves lemon liqueur at festival (AP reports).
Now that MJ is planted, we move on to the really crucial stuff.
They all just forget you when it turns out you where right! LOL!
On the intertubz even the insanity is archived. Turns out the NYTimes is recycling stories.
everyone knows the web is a series of tubes
So how do the banks hide this kind of walking away? When do they take the hit to their balance sheets? Can you avoid a hit indefinitely by not pursuing the foreclosure?
Any auditors out there who know when the loss recognition must take place? When the EVP in charge of REO says officially they won't pursue a foreclosure on that property any longer? Or when the city comes after it for backtaxes and demolition costs and the bank tells the city they aren't going to take responsibility (and since cities facing this problem are backlogged, this kind of notice occurs somewhere in 2011)?
How long will this prolong the crisis???!!!
How long will this prolong the crisis???!!!
Are you so anxious to move on to the next phase?
This is why cities are condemning whole neighborhoods ...
They don't want to service the streets, utilities and provide
police and fire service ... It's too expensive to service with no property taxes coming in ...
From Lawyerliz I gather whole condo complexes will probably meet this fate ...
Here's a take on the persistence of extend and pretend, some decent journalism from Der Spiegel on BIS economist William White, who was right but not recognized because at the same time Greenspan was right and the Maestro, and naturally there can be only one:
The Man Nobody Wanted to Hear: Global Banking Economist Warned of Coming Crisis - SPIEGEL ONLINE - News - International
I like it even more since White refs the Wile E Coyote metaphor...
C
Rob,
my new favorite housing micromarket to watch is the stuff on the strand in oceano - still asking over a mil for those spots, especially the ones right on the beach.
thoughts?
Dr. 'Evil' Broward,
Do you have a mini meme?
Re: "everyone knows the web is a series of tubes"
This is news to me.
What if they held a foreclosure and no one wanted it?
"Here you take it"
" NO, you take it"
"Here TAKE it!"
"I don't want it!"
^^can't money be made somehow by shuffling paper from this ? Its the new growth industry
During times of universal deceit, telling the truth becomes a revolutionary act.
- George Orwell
I like it even more since White refs the Wile E Coyote metaphor...
... as well as comparisons of Central Bankers to Prima Donnas:
"Central bankers can sometimes be prima donnas," says former BIS Secretary General Gunter Baer. He remembers the commotion that erupted at one of the annual events when it became known that a certain vintage of Mouton Rothschild was unavailable.
I am sure a few "firemen" can clear up this housing inventory...
Fahrenheit 451 - Wikipedia, the free encyclopedia
km4 +1 viva la revolucion
"The Fed Under Fire" « naked capitalism
"The Fed Under Fire"
Of course you'd never know it from the corporate media ...
But now there are more than 250 House Reps signed up to
Ron Paul's Bill to audit the privately owned and operated
Federal Reserve
Why should the lender care? It's not like they worked for the money.
From previous thread, courtesy MrM:
I've had a series of conversations with the CEO of Emergency Management Solutions in the past couple days and here is what I have learned:
- all her clients activated their pandemic plans when the WHO raised the pandemic level to 6
- at the conference held last Thursday they were told by the CDC that it looks like the best case scenario is infection rates this fall of 50% to 70% in North America with a mortality rate of 0.5%; this is comparable to the Asian Flu (H2N2) in which approx. 2 million died
- seasonal flu has an infection rate of 10% to 15% and a mortality rate of 0.1%
- businesses should plan for significant drops in revenue and up to 50% of their employees staying home due to illness
supply chain disruptions will occur
- "Social disruption may be greatest when rates of absenteeism impair essential services, such as power, transportation, and communications." (WHO)
- models by some of her bank clients show a potential economic drop of 20% and a slow recovery (>5 months)
- businesses that rely on groups of people gathering (restaurants, theatres, etc.) will be hardest hit, especially if a "do not congregate" order is issued
- if your business does not have a pandemic plan, there is not a lot of time to create and enact it but do not delay
Does anyone have a link to a transcript or video of the flu conference at NIH - took place I believe July 8 or 9?
Thanks.
too bad it has no chance in the senate. but that's why the senate was designed the way it was in the first place.
HollywoodHack (homepage, profile) wrote on Sun, 7/12/2009 - 3:55 pm
Rob, my new favorite housing micromarket to watch is the stuff on the strand in oceano - still asking over a mil for those spots, especially the ones right on the beach.
thoughts?
Oceano == "Santa Maria by the Sea." You want real insane, travel down coast to Solimar Beach.
"too bad it has no chance in the senate. but that's why the senate was designed the way it was in the first place. "
~~~~
LOL
Just wait until the economy really starts hitting the skids ....
Even Senators will be looking for a scape coat ...
For once they would have it right ... glory hallelujah ...!
@ pavel.chichikov (homepage, profile) wrote on Sun, 7/12/2009 - 4:04 pm
UK plans swine flu vaccine for every citizen
Hmmm what is Obama going to do ?
DOW 36,000... circa 1999
Dow 36,000 - 99.09
Swine/Bird Flu or???
Worldchanging: Bright Green: Sequencing the Killer Flu
Scientists at the US Armed Forces Institute of Pathology in Rockville, Maryland led by Dr. Jeff Taubenberger have managed to piece together and sequence the entire genome of the virus known as H1N1 (the research is in the current edition of Nature); with the complete sequence in hand, Dr. Terrence Tumpey at the US Centers for Disease Control in Atlanta was able to recreate the virus for study, as reported in the latest edition of Science. What the biologists found was unexpected, troubling -- and potentially the key to fighting the next influenza pandemic.
But TPTB wouldn't do anything, um, unsavory, would they?
oops, forgot my foil cap...
"Oceano == "Santa Maria by the Sea.""
true nuf - but where else can you snap up stuff right on a decent beach for under a mil on the CA coast?
jaw-droppers like in your listing aren't quite so rare.
Brits Tell Goons With Needles To Stick It Where The Sun Don’t Shine
Respondents to newspaper story say they will refuse to take shot as health authorities insist “all Brits” will take swine flu vaccine
Brits Tell Goons With Needles To Stick It Where The Sun Don’t Shine
pavel,
Here is a NIH presser...
Km4,
Let the poor and/or uninsured die, or recover on their own if they contract swine flu. While publicly expressing great concern and sympathy--the tired old, "our hearts go out to you and we're praying for you." But you know, you can't expect Big Pharma to forego its profits, now can you?
It's one way to decrease the pool of the unemployed.
So... If the forclosed former owner doesn't own the house - and the bank never took the title... is this the mythical "shadow inventory?
I like how The Who have not updated the latest number of cases. I knew a few days back they suggested they migt stop reporting flu deaths and cases, so this seems fairly normal, i.e., to stop reporting news about a pandemic ..........yah know...
pavel,
Here is a NIH presser...
Thanks, but don't see link.
HomeGnome - but the link is from 2005. They sequenced H1N1 4 years ago. This is not news. Not even close, even with the crisis retrospectives going on.
The real news is the latest pandemic, swine flu which...
Oh.
Wait a second...
C
is this the mythical "shadow inventory?
I think you mean "legendary". Myths are made up stories, legends have some basis (no matter how tenuous) in fact.
I wouldn't be surprised one bit to see a pandemic ...
At this point the powers that be know their Ponzi Scheme is kaput ...
They know that there are too many 'breeders' inhabiting the world for their
debt based fractional banking scheme will run out of natural resources to squander ...
Just like Bush ... When they face a challenge of this scale to their power and influence
They will just " blow the problem up" ... taking the world to a new level of desperation ...
I really need to tell Cary Spivak this is not what the mortgage industry calls a 'walkaway'. I'd like to nominate the term 'balkaway'.
I've got some leftover foil if you need some Counterpointer.
Add it to the glossary, Shnaps.
so what happens in a title theory state?
"Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market"
by David Lereah (Author)
“An invaluable book . . . Today’s real estate markets are booming and Lereah makes a convincing case for why the real estate expansion will continue into the next decade. This book should prove to be a truly practical guide for any household looking to create wealth in real estate.” —DEWEY DAANE, FORMER GOVERNOR OF THE FEDERAL RESERVE BOARD OF GOVERNORS
“An important book, whether you agree with the author (as I do) that housing will remain an excellent investment or are convinced that home prices are poised for a plunge, David Lereah lays out a compelling vision of housing as a continuing positive investment—and how you can profit from real estate if you already own the home you live in, are looking to move from rental housing to an owner-occupied home, or want to use real estate as an investment.” —DAVID BERSON, CHIEF ECONOMIST, FANNIE MAE
According to the Centers for Disease Control, 211 Americans have died after contracting H1N1. A CDC map shows some H1N1 activity in almost every state, with widespread illness in more than 20 states.
I read the other day a report from Utah Health Dept which was pulled, which reads:
The Centers for Disease Control and Prevention is now estimating the virus will be a "Category 2," which means it has the following characteristics:
Case fatality ratio of 0.1 percent to less than 0.5 percent.
Between 90,000 and 450,000 deaths in the U.S. (compared with estimated 36,000 deaths during a typical influenza season).
Excess death rate of between 30 to less than 150 per 100,000 people.
Illness rate of between 20 percent and 40 percent.
Just your normal shit, yah know...
If the bank sold the house for $100,000 when it was worth around that price we wouldn't be in this situation. But I guess it is easier & cheaper to silently stick the original walkaway owner with the title and let the neighborhood rot. What a sad state of affairs.
mmckinl,
humans are delusional about their ability to modulate their destiny.. they have none. Maybe one day...
Well, Ive got to run to keep from hiding,
And Im bound to keep on riding.
And Ive got one more silver dollar,
But Im not gonna let them catch me, no,
Not gonna let em catch the midnight rider.
And I dont own the clothes Im wearing,
And the road goes on forever,
And Ive got one more silver dollar,
But Im not gonna let them catch me, no
Not gonna let em catch the midnight rider.
And Ive gone by the point of caring,
Some old bed Ill soon be sharing,
And Ive got one more silver dollar,
But Im not gonna let em catch me, no
Not gonna let them catch the midnight rider.
YouTube - Allman Brothers Band / Midnight Rider (Outtake Version)
It would always be her kid, not yours??
Blueberry cobbler, ummm, ummm. with some apples.
Will ask the hub when he gets home--launch scrubbed--
if he'd marry me again, or if he's crazy. Or both!!
Now I will read the thread.
by David Liarrhea (Author)
There, fixed your misspelling.
foreclosure interruptus?
The last worst case estimate I saw, about a week ago, had US H1N1 mortality in the worst case at 400,000. This 'best' case estimate, if authentic and valid, gives about triple that figure. Some models show significant drop in economic activity.
Doc Holiday,
mathematical models of complex systems are not reality. I thought you had already learned that!
On H1N1. I had the unfortunate visit to the local urgent care this week end when the doc was happy to announce I did not have the Swine flu. Seems the local Bible camp had camper for several states including Texas and now the local kids are showing up as well as their parents with it. They have been in contact with the CDC about the cases.
"The Centers for Disease Control and Prevention is now estimating the virus will be a "Category 2"
Those are the figures I saw about a week ago.
Wall Street is buzzing that Goldman Sacks which only recently paid back its government bailout money, earned more than $2 billion in the March-June period.
Maybe just maybe the revolution will be televised...
U.S. health officials are watching countries in the southern hemisphere where it's winter and flu season now, to see what effect H1N1 might have here in the fall. Bolivia announced its first two swine flu deaths today.
"When exactly the flu season starts, we can't predict, but we will have a vaccination ready by mid-October, assuming we have a safe, effective strain that's been identified," Sebelius said.
I'm watching too.... I'm watching:
Argentine financial markets and banks will close on Friday as part of government efforts to fight an outbreak of the H1N1 flu strain that has killed 70 people, officials said on Wednesday.
Argentina's health minister has resigned amid the growing swine flu epidemic, reportedly after failing to persuade the government to declare a health emergency.
The Government of Canada is working closely with the Province of Saskatchewan to assess the public health risk from a new strain of influenza that has been detected in the province.
So it seems the next growth industry is buying condemned blocks of houses, bulldoze them and get them rezoned to turn into cemeteries.
Bury the dead on dead houses. Problem solved, now why did I use all my tin foil to insulate my brew pot?
Sounds like time for some Johnny Cash, God's Gonna Cut You Down...
YouTube - Johnny Cash - God's Gonna Cut You Down
Good plaguewatch music. Plus, must find the old dog-eared copy of Heinlein's "Friday". Should be downstairs somewhere.
C
Lucifer
humans are delusional about their ability to modulate their destiny.. they have none. Maybe one day...
~~~~~
No, never ... people must have myths ...
But those can be good myths or bad myths ...
Pavel,
do you really think that CDC or NASA are any better at predicting the future than our financial
institutions?
You are looking for a prophet, not the truth
Lucifer,
Yes, but the Epidemiology modeling is like Treasury curve models and latency is everything in the temporal world, or something like that...
Music to mop the floor by:
Radiohead - House of Cards
YouTube - Radiohead - House of Cards
schadenflude
The mystical part of real estate law:
Title is always somewhere. If the lender doesn't take it back the
owner still owns it until it is subject to tax lien foreclosure. If he/she
disappears, this doesn't mean much.
How can you model something that is not understood.
" Pavel,
do you really think that CDC or NASA are any better at predicting the future than our financial
institutions?"
The CDC has very practical experience with infectious disease. NASA has satellites in orbit. Without being utterly dependent on their forecasts, I would take them very seriously in the case of high risk.
Destiny--we can influences some time, some places, a little.
Less than what we think, but some.
The whereabouts of a distant star in a thousand years is pretty predictable.
pavel,
read about the 1979 flu scare.
I would rather deal with the reality of being wrong then the cost of lives by doing a wait and see.
Illness rate of 20-30% hummmm. I hope not all at the same time.
Lawyerliz,
you are comparing stellar motion to climatic models?
My old grandfather of a friend sent me an email saying that his equities index fund was flying into the sky and recovering his losses. I responded with this email:
"Regarding your stocks, I don't typically give advice, but here is my opinion. Nothing fundamental has changed from last fall. The market has rallied by a historic margin this quarter, beyond all reason and without any improvement in fundamentals to support it. As a consequence, we can expect that these gains are going to be followed by a broad decline, as indices return to a value more reflective of the true plight of our economy. I am confident in this assessment. Now's a good time to take your gains and shift at least a portion of your portfolio into stable, secure short term bonds. If you have access to a treasury or low volatility short term federal agency fund, you should use that as a place to stash your cash. Do not commit to CD's or anything with a liquidity horizon beyond three months.
Look, when you see phrases like, "Best quarterly gain since 1932" you know that this is not a true, steady rally up, but is one of those terrible heaves that the market goes through during a time of great volatility and decline. Do not think that you're "missing the train" if it goes up 10% 15% in the next few months. Our true economic recovery from this catastrophe will not resemble a quick V shape that an investor must catch early on or miss. Fundamentals such as consumer debt capacity, real economic baselines such as job creation and median income jerked the floor out from under our feet, and these basic, slow things will take time to regrow in an organic fashion. Any recovery from this will consequentially be gradual and driven by real economic factors, not central bank manipulation or quick recovery schemes. Any recovery from this mess will be gradual, not sudden. Beware of a recovery that resembles something else.
Sit on the sidelines and count your money, and when things have shaken out, return to the market and take the stable gains that come to any investor which are available during normal economic times. In my opinion, trying to jump on the elevator as it flies up and down during this time of upheaval is gambling, not investment."
It's a little more repetitive than my writing typically is, but I felt the need to drive the main points home.
Re: "How can you model something that is not understood."
See Brownian Motion:
revious discussions of the phenomenon had all been qualitative—Einstein demonstrated that careful observation of Brownian motion could reveal the actual size of molecules, that is, find Avogadro’s number.
Brownian Motion
Absolutely not. Stellar motion is orders of magnitude easier and
we have been working on this stuff for over 3000 years.
But weather forecasting is actually getting better. Hurricane forecasting
in particular. Tho it isn't good enough of course. Still the swath is smaller
than it used to be and the forecasts in time to warn people to get out affect
fewer than they used to.
hoop send it to everyone in your mailbox
predicting the future course of complex systems is an exercise in hubris.
Well you are supposed to be good at that, right Luci?
Hoops, will he listen to you?
My only criticism is that I fear for bonds too.
Hey Lucifer,
My guess was wrong on that NIH study, another looked promising in improving memory.
Did anyone call out for dinner yet?
July 13 (Bloomberg) -- Japanese and Australian stock futures slid after a more-than-anticipated decline in consumer sentiment drove down U.S. equities. Resource-linked companies retreated in New York trading after metals and oil prices fell.
When will the recovery begin? Never
We can't just bounce back from the recession, because the old way of doing business is dead
By Robert Reich
The X marks a brand new track -- a new economy. What will it look like? Nobody knows. All we know is the current economy can't "recover" because it can't go back to where it was before the crash. So instead of asking when the recovery will start, we should be asking when and how the new economy will begin. More on this to come.
Globalization - Salon.com
Asia futures tanking. Guess we'll find out in 11 minutes what Nikki says on the open.
C
This is an interesting point, tho.
I assume that this is a lien theory state, foreclosure done by
posting. So they did everything but record the trustee's deed?
Between the parties, an unrecorded deed is good, is prolly
the proper point of law. That means, between the borrower and
lender the deed is good. Any thoughts from lien theory state lawyers?
This might be like the bank is awarded the property by summary judgment
and then never schedules the sale? Except the court schedules the
sale. suppose the lender cancels it, which they can do, usually because
they discover the legal description was wrong when the published the
sale, or they are paid, or bk is filed. Frankly I don't know the answer.
Perhaps the owner can do a reverse title clearance lawsuit!! Saying
he DOESN'T own it. A declaratory judgment action?
Lucifer,
Here's a link to the studies, now we can get back to the "new normal" or "greenshoots"
Alzheimer's patients do not benefit from eating fish... but Omega 3 can reduce chances of getting the disease
| Mail Online
emergent systems that evolve are almost impossible to model because the rules, actors and possibilities keep on changing.
Probably can't find the title, the tan man took it.
So it's harmless, but we can't advise people to take it.
July 13 (Bloomberg) -- Mitsubishi Motors Corp. will reduce planned output by 20 percent at a plant scheduled to open in Russia during fiscal 2011, the Nikkan Kogyo newspaper reported, without saying where it obtained the information.
Obama's announcement of no second stimulus has got to shake the markets ...
I think the problem with forecasting of any kind is not just the complexity of the systems involved but with the human population of the planet. (I am not arguing for self-imposed population controls here, just stating the problem of increased population). Goes back to what I have been saying about over-leverage existing everywhere...does the mere fact that we have more people make prediction of the future itself harder? Also there is a macro level, galactic level if you will. What goes on out there, does change systems down here. In terms of weather predicting, the complexity of the programs keeps getting worse. At some level, everything changes the weather, how do you program for that. You don't, you program trends and models based on previous documented weather patterns. I see this getting worse as our knowledge of the world and universe around us increases.
What I would watch in terms of GDP would be companies like Mitsubishi that can't sell stuff, regardless of what the government tells people about fluctuations or forecasts in GDP. The big companies like Ford and GM that depend on sales have to produce real income. That may seem obvious, but if the jobless recovery were actually a few months off, would these giants be pulling the plug?
Suzuki, Japan’s fourth-largest carmaker, reported a 78 percent drop in unit sales in June, pushing its first-half decline to 60 percent, the market’s worst. Mitsubishi is down 51 percent this year, and is stuck in a slump that began in 2003.
Both carmakers “should withdraw from the U.S.,” said Yuuki Sakurai, chief executive of Tokyo-based Fukoku Capital Management Inc., which oversees about $10 billion in Tokyo. “It’s time for them to decide whether they pay a high price to continue business there or stop the bleeding.”
Doc H - agreed. Wouldn't want to bet real money that the Mitsi plant actually opens in Russia either.
C
"WASHINGTON — Legislation to overhaul the nation's health systems is unlikely to make it through the House and Senate before the August target set by President Barack Obama and other Democratic leaders, lawmakers said Sunday."
Lawmakers Won't Make Obama's Health Care Deadline
Broken, corrupt, backward, cowardly governance is our biggest problem ...
Lenders Walking Away = March Of Dimes
I sent the wife to the courthouse to attend trustee sales over the past 3 weeks, since I saw some transactions that went 50% below 1st lien and well below comps, $1 above min bid. I think the lenders are finally capitulating and flippers are out of $$$$.
Got my eye on 1 that is up tomorrow. It's been postponed a couple of times before. We'll see...
From last thread:
"Funny how some people see anti-semitism everywhere, but when the biggest anti-semite to come down the pike rips off his own people, the same people were as quiet as church mice."
What the fuck are you even talking about?
How is Madoff an Anti-Semite?
Madoff is the worst kind of anti-semite, as in the destroyer of his own people's wealth and culture. Nobody else could have perpetrated what he did, because he had the inside track.
mmckinl;
They haven't agreed on how to pay for an ambitious health care plan, and it may be possible that we simply cannot afford it. The latest source of money that they discussed (high-earner tax increases) is probably not a good idea in the current economic environment, and probably would not produce enough revenue anyway.
I would like to see the health care system fixed, but I would rather see a well-designed plan with a workable funding source than whatever our fine congresscritters can kludge together by an arbitrary deadline.
Yah know what the problem really is, in this post-internet economy ...huh, ... do yah? It's a matter of scale! The BIG giant companies like Ford and GM are great examples of companies that came to depend on unmanageable scale -- the TOO BIG TO FAIL MODEL. This is why capitalism blew apart, because Ford couldn't continue to expand its operating scale.
Snacks will be served in the lobby now...
[Legislation to overhaul the nation's health systems is unlikely to make it through the House and Senate before the August target ]
Thank god. The last thing I need is to pay for my healthcare and that of all the shiftless losers & illegals.
I think Yogi went home already, Juv.
"Affinity Fraud"
Affinity fraud - Wikipedia, the free encyclopedia
sm_landlord
We need single payer ....
God Forbid we might cut our military expenditures from a trillion dollars a year !
Every other G7 nation has some form of it and cover ALL their people at 60% of the cost
while having better outcomes ...
Our healthcare system is broken and is a big competitive disadvantage for our business sector
at home and abroad ...
Maybe if the other countries paid in blood and effort the way the US does for them they would have the same problems.
Health Care Reform - Do it right, or don't do it at all. If it is really that important, it can wait until after August break.
Calling it 'single payer' is a misnomer, imo. We need a government sponsored alternative (non-profit) to the insurance companies, open to anyone who chooses.
Any jazz lover's out there?
jazz24
sm_landlord
If we are ever going to have enough jobs in our economy
the economy will have to be restructured, not tinkered with ...
Underwriting the people and especially workers will help us to get competitive again.
We must go back to the Pre - Reagan tax rates ...
There is only one way to shrink the wealth and income gap ...
Higher taxes on wealth and high income ....
And the money could be put to good use ...
I'd agree, except without intense pressure, likely nothing will be done.
Or, it'll get worse.
predicting the future course of complex systems is an exercise in hubris
Prediction is a necessary precursor to action, regardless of accuracy.
Wow, go Nikki. Down 0.49% on the open, spiking to 0.18% in 20 minutes. Better take a breather and slump for the rest of the day, you poor dear.
C
Did you get that from Mini Meme?
Giving Americans free (LOL) health care will not make America competitive in the world market. Cost will grow and hiding it on the balance sheet in another column will just come back to the workers and consumers hidden from their face. There is no free lunch.
Reading about yet another "Hovel-Ready" place, a blighted hot potato that nobody dares touch on all sides of the financial equation (lenders don't want it, city doesn't want it, the homebuilder doesn't want it) is par for the course, nowadays.
Did you get that from Mini Meme?
Heh heh.
Okay, fine, here's a bone.
http://www.realmeme.com/roller/page/realmeme/?entry=expanded_notes_on_the_ideosphere
I already accomplished a lot of my goal.
At last account, at least 500 colleges & universities have read some portion of the Meme Theory.
So, Singapore seems to be poised for V-shaped recovery. I suppose it is primarily driven by inventory adjustments.
What will pull the US out of the recession with unemployment continuing to rise???
And another reason to think what it means not to have any notion of a national industrial growth program in the US.
July 13 (Bloomberg) -- Singapore’s economy probably expanded for the first time in five quarters as a rebound in manufacturing helped the Southeast Asian nation emerge from its worst recession since independence in 1965.
Gross domestic product rose an annualized 13.4 percent last quarter from the previous three months, after shrinking 14.6 percent between January and March, according to the median estimate of 12 economists surveyed by Bloomberg News. The trade ministry will release the data at 8 a.m. tomorrow.
Singapore and other economies in the region are forecast to report better second-quarter figures as about $2 trillion in stimulus worldwide helps stabilize overseas sales for companies including Japan’s Nissan Motor Co. and South Korea’s Samsung Electronics Co. The International Monetary Fund last week increased its forecast for emerging Asia’s growth in 2009.
“Much healthier manufacturing-sector numbers in the second quarter are the key drivers” of Singapore’s performance, said Chow Penn Nee, an economist at United Overseas Bank Ltd. in Singapore. We “will also likely see financial services boosting the services sector, with the rally in the stock markets in April, May and June.”
Singapore’s industrial output climbed in the first two months last quarter, while the decline in the island’s exports narrowed in May amid gains in drug shipments. Manufacturing, which slid 26.1 percent in the three months ended March, accounts for about a quarter of the economy.
You sure are generous with other countries and advocate letting American children go hungry.
Okeedokie,
Think of it this way, what would happen if the population in one town grew at a rate of 10% and the town 10 miles away had a similar growth rate of 10%, but then there was some event that doubled the growth rates (your thinking housing bubble here) -- there would be a path for convergence and thus the "relativity of simultaneity " related to scale growth would result in what ...more growth or less growth? Of course, growth can't overlap indefinitely in the same place, and obviously, this is the condition in the current collapse of capitalism, i.e., the scale of expansion has caused a systemic collapse. The funny part is, The Obama Team is going to attempt to re-fuel the same bubble and hope that we can pretend that the previous model will work in a new way, but as our friend Mr. einstein suggested, "The definition of insanity is doing the same thing over and over again and expecting different results".
The End
I wonder how widespread the lender walking away thing will be.
I have a couple of possibilities, but I just don't know. One where
they haven't done anything for a year and a half--but I overturned
a summary judgment that they'd already gotten, so I think they just
forgot about it. Another, where I interposed a defense which was
really a favor--they dropped the wife for reasons unknown, and they
needed to eliminate her interest. There was a cancelled Summary
judgt hearing for, I dunno, Oct? Nov? Dec? of '08. All they has to
do was add the wife back in, but nothing is happening. Family living
there for free, for I guess a year now, and sales are months after
the summary judgt, so even if they wake up on Monday, they get to
live there for free for 3 or 4 or 5 more months.
Lobbyist Ben Dover
Giving Americans free (LOL) health care will not make America competitive in the world market. Cost will grow and hiding it on the balance sheet in another column will just come back to the workers and consumers hidden from their face. There is no free lunch.
~~~
LOL
Same old tired tack eh Lobbyist Ben Dover ... ?
The studies are in, they all say Single Payer is the best way to go ...
But you knew that !
How are we going to pay for health care? For a new pork package? For just worthless spending and spending and spending? The US is broke!
The definition of insanity is doing the same thing over and over again and expecting different results
Also the definition of job hunting and dating.
Nice work on the BFF poll, Speed.
When is obama going to open the first Gulags? Maybe that is his proposed savings on medical costs?
True single pay would be pay for your own. We have that now with freedom to chose or do nothing and get free death bed care. Some day we are going to run out of producers and it will collapse. Maybe it might be this time around.
comrade mike
"How are we going to pay for health care? For a new pork package? For just worthless spending and spending and spending? The US is broke!"
~~~~~
We spend too much already ... 60% more than other G7 countries while leaving over a hundred million people under and uninsured ...
Plus it is killing our businesses .....
comrade mike (profile) wrote on Sun, 7/12/2009 - 5:30 pm
How are we going to pay for health care? For a new pork package? For just worthless spending and spending and spending? The US is broke!
It's all about hope and change...according to the O
White Bird, It's a Beautiful Day live
YouTube - White Bird (live) - IABD (1971)
mmckinl [We must go back to the Pre - Reagan tax rates ...]
No one's stopping you. Do you need the address of the IRS so you pay extra. If not I can find it for you. Or do you just want a formula where everyone else pays more, like the chumps on HuffingtonRag are pimping.
Our healtchcare measurements are crappy because we are overweight & have a lot of drug addicts and AIDs patients. Are they all of a sudden gonna get healthier? You Michael Moore marks make me want to stop paying taxes now.
I read part of the thing on Haaarvard in Vanity Fair, while waiting at a pharmacy.
No one is taking responsibility for overspending there either, and nobody
wants cuts either to their little tomato patch.
How are we going to pay for health care?
You Michael Moore marks make me want to stop paying taxes now.
Bearly - "Doctor, doctor, it hurts whenever I pay more taxes!"
Doctor - "Hmm. Stop paying them?"
bearly
mmckinl [We must go back to the Pre - Reagan tax rates ...]
No one's stopping you. Do you need the address of the IRS so you pay extra. If not I can find it for you. Or do you just want a formula where everyone else pays more, like the chumps on HuffingtonRag are pimping.
Our healtchcare measurements are crappy because we are overweight & have a lot of drug addicts and AIDs patients. Are they all of a sudden gonna get healthier? You Michael Moore marks make me want to stop paying taxes now.
~~~
A typical Medieval response that bears to relationship to the problems at hand ...
All the Other G7 countries already have single payer ...
All the other G7 countries have higher taxes to support their people and their business sector ...
Profits pay stock holders and trigger double taxation. That would hurt a lot of investors especially pensions, retirees and not to mention taxes again. Do you work as a no profit employee? That would drive the cost of what ever product or service you produce.
1933: USA is the world's largest creditor and oil producer.
2009: USA is the world's largest debtor and oil importer.
And give this some thought...
What exactly was complex in 1933 America?
Cars, refrigerator, radio, trains, telegrams, airplanes.
Now compare our present-day level of complexity to 1933~
"Obama's announcement of no second stimulus has got to shake the markets ... "
......why would a statement or stand from a POTUS, that changes his mind continually, shake anything? One of the BIGGEST problems with small and large business is the constant changing of rules, procedures, laws AND ENFORCEMENT. Confidence? Yeah right - That's a 20th century con-term.
Having an insurance company scrape 30% off the top is the only way to go. Don't you understand the profit motive? Are you a communist?
This is America.
Thanks for pointing out the Vanity Fair Harvard article. My favorite quote (regarding their operating expenses):
Munk asked the hedge fund manager to look at Harvard’s finances and assess the extent to which its endowment will be able to keep pace with its immovable costs. The hedge fund manager’s conclusion: “They are completely fucked.”
Wouldn't you rather you (or your employer) were buying a non-profit insurance policy instead of the kind we have now?
Right. Without enrollment, marketing, and CEO salaries, the government would probably be more efficient.
Hmmm what is Obama going to do ? km4, easy one...blame it on Bush!
"Right. Without enrollment, marketing, and CEO salaries, the government would probably be more efficient. "
~~~~~
The government is already more efficient ... it's called Medicare ...
3% administration costs vs. 25% ...
And lower price increases per patient ...
Credit scoring - should it be killed?
Credit scoring - should it be killed?
finally, an arguement I can get my teeth into, and I have to leave. Oh well, it won't be settled tonight. Later, all.
Yep, Shill, yep.
When I first heard about it, I couldn't believe. This works, I asked
my mtg broker buddy. Apparently so, he said.
"The government is already more efficient ... it's called Medicare ...
3% administration costs vs. 25% ...
And lower price increases per patient ... "
Medicare is like doing wholesale work and the other is like retail. Wholesale is to pay rent and retail brings in the profit. I don't think the system can run on whole sale. My experience with doing repair work for the post office was you would be BK in not time doing exclusively. They begged us for years and we never did it.
A government employee gets a new job and his predecessor had systematically allowed his cronies to the spoils in a fashion that would make Warren G. Harding blush, but because it's now his job-he must take all the blame for it?
When an immovable costs meets an irresistable debt, somethings
gotta give!!!
When an immovable costs meets an irresistable debt, somethings
gotta give!!
It did.
Real estate prices collapsed.
That's where all the skim is because there's no inherent production costs.
Are Fed Government employees on a Medicare style health insurance? Try it out on them first and see if they like it.
Lobbyist Ben Dover
"The government is already more efficient ... it's called Medicare ...
3% administration costs vs. 25% ...
And lower price increases per patient ... "
"Medicare is like doing wholesale work and the other is like retail. Wholesale is to pay rent and retail brings in the profit. " BD
~~~~~
Do police or fire departments turn a profit ?
Health Care is a Public Good, not a Private Good ...
Something all the other G7 countries have already figured out ...
You get a new job and your predecessor had systematically allowed his cronies to the spoils in a fashion that would make Warren G. Harding blush, but because it's now his job-he must take all the blame?
Yes, because he was stupidly ambitious enough to run for the job.
POTUS is POTUS is POTUS. Doesn't matter what the party affiliation or the surname is.
Lobbyist Ben Dover
"Are Fed Government employees on a Medicare style health insurance? Try it out on them first and see if they like it."
~~~~~~
Single payer HR 676 for all government employees ....
Excellent Idea !
Can we start tomorrow ?
"Are you having 2005-2006 flashbacks when these subjects were first broached and the concept of negative asset values was considered crazy talk?"
I remember being met with disbelief when I said housing would fall to 3x income (which I think is still too high) late last year.
"Do police or fire departments turn a profit ? "
You have to ask a question like that then answer why do they cost so much when the pay no taxes? That is not even a comparison of reality.
My bones say that The Dow will fall below 8K soon....
Excellent Idea !
Can we start tomorrow ?
Pawn to King's Bishop 3....
Oh, crap.
MrM - outbreak of stupidity in Singapore, huh? The analysts are quoted in ways that it's difficult to tell whether they're talking "emerging Asia" or Singapore. If the latter, then manufacturing is irrelevant, since that's not where Singapore makes its dough. And if the former, it's irrelevant because trans-pac trade is horrifically strained at the moment, and Singapore routing fees are not something you'd want to add to margins already at bone-gouging levels, and even being renegotiated in a nasty multipartite game of chicken:
Trans-Pacific Carriers Seek Drastic Rate Hike | Journal of Commerce
The para on financials is quite delusional, but that won't be a surprise to anyone on this board.
C
Fine with me to start small and find out the real truth and not jump in the black hole of problems of no return. Heck Start with congress would be even better.
Would that black hole be a doughnut hole perchance?
"POTUS is POTUS is POTUS. Doesn't matter what the party affiliation or the surname is."
and so far, with the exception of the ability to speak coherently in public, I see little difference between the two, on economic matters.
we have Blue Cross/Blue Shield. It's fine, but there is no
system, and there needs to be one. Drs seldom communicate.
Credit scoring - should it be killed?
I didn't think the article made a case against credit scoring generally, just an over reliance on credit scores for mortgages.
I do think credit scores are over used. Not sure they should be considered for employment.
There is no difference between the Elephants and the Asses.
Both want to steal your money for their own uses.
harvard = california of higher ed. it's special there.
Lobbyist Ben Dover
"Do police or fire departments turn a profit ? "
You have to ask a question like that then answer why do they cost so much when the pay no taxes? That is not even a comparison of reality.
~~~~~
Exactly wrong ... public goods are public goods .... apples to apples ...
Using a "private good " model for health care means your best outcome is the worst outcome for your customers !
About right now would be an excellent time for a UFO to land on the white house lawn, and somebody that looks just like us gets out and announces he's doing a 50,000 year check-up on us, routine maintenance.
Drs seldom communicate
Be careful what you wish for.
All the more reason to believe that an "alien silicon intelligence" would be better at medical diagnosis than any single doctor. It would draw upon not only a broader range of examples across the U.S. and world, but a deeper historical range.
"Singapore seems to be poised for V-shaped recovery. I suppose it is primarily driven by inventory adjustments."
Singapore pop. +/- 4.5 million mouths to feed ...
What's the Nikkei doing?
LL
I have Blue Cross also and I have 4 doctors and all do communicate but the ball has been dropped on small stuff usually found to be office works not doing their job.
Right now insurance companies use several percent of their "administrative costs" to identify the 80% of the American public which is relatively healthy and very profitable to insure. They avoid insuring the 20% that is chronically sick and very expensive to insure. Those sick individuals are forced on to medicare or treated at emergency rooms.. Therefore, the government insures only the expensive to insure Americans (and we taxpayers pay ), while insurance companies make lots of money off the healthy..
Furthermore, those who aren't insured at all end up at emergency rooms where costs are the highest.
How often can I say it?
Insurance companies are scum.
Congresspersons should be insured as well as the worst
insured person in the US. Ummm, that would be none at all,
right?
Juvenal Delinquent (profile) wrote on Sun, 7/12/2009 - 7:59 pm
About right now would be an excellent time for a UFO to land on the white house lawn, and somebody that looks just like us gets out and announces he's doing a 50,000 year check-up on us, routine maintenance.
I don't think they're going to be too pleased by our stewardship of the place or our treatment of each other. Just hope they don't decide to eradicate the failed colony and start over.
If there is a serious flu epidemic this year, we will discover what a public good is worth. Or would you rather that flu victims circulate through public places, and sit for hours in emergency rooms until they've infected a large number of the patients and staff in the hospital.
Our species is still not adapted to complex mass societies, which is why it's going to take its lumps, sooner or later, although I must say I was impressed with the way the Chinese handled SARS.
Congress should also be paid the median income of the nation, IMO.
usually found to be office works not doing their job.
Apparently somebody isn't getting paid enough to give a damn if your test results are mixed up with Bob Knob's.
I say we send it to India, Ben, to alleviate your worries.
the thing that bugs me about the universal health care debate is all the focus is on the insurance companies, when the main culprits for the runaway costs are the providers. It's somewhat silly to debate the administrative costs when we aren't even sure what should be covered. The system simply can't handle $2000/month in life-maintenance drugs taken over 30 years or free rascal scooters for anyone over 65.
"I don't think they're going to be too pleased by our stewardship of the place or our treatment of each other. Just hope they don't decide to eradicate the failed colony and start over."
We've got termites!
Lawyerliz - Nikkei is having a cup of tea and a lie down, as I said it should.
C
Private produces taxes, permits, taxable infrastructure, Taxable jobs (even excess). Government does not produce any. Private insurance could go down if the Government did not mandate hospitals that no pay customers that these cost are passed on to the insurance and cash payers. Fix that first.
Lawyerliz, according to Bloomberg delayed quotes, the Nikkei is up 20 points or 1/5 of a percent. It's still early morning in Asia, I think.
If the Swine Flu is really bad up over in the winter, we plan to go down under in their summer.
"If the Swine Flu is really bad up over in the winter, we plan to go down under in their summer."
If it's that bad they'll be looking you over at the arrivals terminal.
People who ran very far from the plague usually didn't run far enough.
No India for me I live in the out back now with the gun and bible people of yesterday. You know back breaking farmers and blue collar workers.
"Congress should also be paid the median income of the nation, IMO."
Even if it was some multiple of median, it would be an incentive for them to help those who need it. At least until they perverted the methodology for determining the median.
pavel.chichikov (homepage, profile) wrote on Sun, 7/12/2009 - 8:05 pm
"I don't think they're going to be too pleased by our stewardship of the place or our treatment of each other. Just hope they don't decide to eradicate the failed colony and start over."
We've got termites!
The locusts always take over... I'm sure it's one of the basic postulates of their future science of psychosocial engineering
So far the flu seems to be killing off those who are already somewhat compromised.
There you go, if lots of unhealthy people are killed off, then health care costs will fall.
Eventually that is!
You wanted to own everything in the world, Ben,
Now the Island has turned against you and wants to throw you off. But I believe your innate superiority to Homo Socialistis should be more than enough to save your pile of money and I'm looking foward to a second entertaining season!
"We come in peace"
ACK! ACK!
Take me to your leader.
Blackhalo (homepage, profile) wrote on Sun, 7/12/2009 - 8:09 pm
"Congress should also be paid the median income of the nation, IMO."
Even if it was some multiple of median, it would be an incentive for them to help those who need it. At least until they perverted the methodology for determining the median.
symbol manipulation is the new manufacturing... get with the times! look at all the value being created!
I may still launch my Presidential Campaign, Blackhalo.
Czar Gnome
From a health professional friend:
"This guy has got to be kidding.
Surgical masks do next to nothing when it comes to viruses - and they only work for 20 minutes when used for bacterial infections.
We only have to look to the southern hemisphere in order to get an idea about how much this flu is going to disrupted businesses and communities. It hasn't seemed to have the catastrophic effect that this post indicates will happen.
Older folks probably won't be as severely affected as those in the teen to 50 range. So far death rates have been well below those of traditional flus.
I'm betting that H1N1 is going to be very average in the way it affects folks. Hope that I am right."
Any body can be normal! Thinking and finding you own ideas has been replaced by public programing.
kill them off and reduce health care costs
Liz for President!
Liz for Surgeon General?!
"We come in peace"
ACK! ACK!
Is the ACK ACK their comment or our response?
Mars Attacks!
Don't run, we are your friends...
"We come in peace, as humanitarians!"
Wait, what tha, Bubba he just freaking ate that guy... Hey, Glaarg, thought you said you were humanitarians?
"We ARE! STRICT humanitarians!"
C
If nominated I will not run.
If elected I will not serve.
Non serviam!!
lawyerliz (profile) wrote on Sun, 7/12/2009 - 8:12 pm
Take me to your leader.
If they have a leader they are probably not that advanced as a species.
C snarks out Juvie!!
Hey, where's Elvis?
Sigh.
There is no normal for anybody to be.
Lobbyist Ben Dover
"Private produces taxes, permits, taxable infrastructure, Taxable jobs (even excess). Government does not produce any."
~~~~
Ya mean like using Black Water instead of our own military .... then we could tax all those Merc's making 100 k a year
instead of hiring our own soldiers at 25k ?
Wine icon. Liz whines for wine icon!!
Wine icon. Liz whines for wine icon!!
I demand a hypodermic icon, then.
Equal rights for equal highs!
Stretching from fireman and police to mercs? Next.
Actually Liz wants some wine come to think of
it.
ResistanceIsFeudal (profile) wrote on Sun, 7/12/2009 - 6:04 pm
I don't think they're going to be too pleased by our stewardship of the place or our treatment of each other. Just hope they don't decide to eradicate the failed colony and start over.
"Bordered In Black" or "What Can You Say about Chocolate Covered Manhole Covers?" - Niven 1973
Well, in honor of CSC, I suggest a bong icon, then.
I hope all you folks "Chipped In"!
Gee, I missed those Niven things.
Wine first.
Geeks? Where are you when we want you?
We should move to Poland. It missed the last evil plague of death completely.
It's nice to hear that lenders are getting some exorcise.
Lobbyist Ben Dover
Any body can be normal! Thinking and finding you own ideas has been replaced by public programing.
~~~~~
You don't find ideas ... you discover them ...
Despite what you believe people have been studying and working on health care problems for decades ...
As for thinking , you have been programmed to think the way you do ... for good or ill ...
Lobbyist Ben Dover
Stretching from fireman and police to mercs? Next.
~~~
Using Black Water is privatization ... is it not ?
Ha ha - Nikkei too funny. Tanks off the first spike, HAL notices imminent blow-through of previous close and away we go again.
But the best gag has to be the banner ad RHS of Nikkei.com - highrise RE wasteland called "Mori Living". More like Memento Mori living.
http://www.nni.nikkei.co.jp/e/fr/tnks/marketlive.aspx
C
C,
If you are still out there, Friday is one of my favorite scifi books, right up there Moon is a Harsh Mistress and the Mote in God's Eye.
I love Libertarians ...
They think the world started yesterday ...
All I'm getting is banner ads for Geisha girls and Dell laptops.
apparently I am unworthy of owning overpriced land.
Targeted marketing, Broward.
The title passed when the court entered judgment in favor of the Plaintiff, our old friend Deustche Bank, it just didn't have an official "owner" until the Sheriff's Sale occured. Ratification of the sale is a formality. In the absence of reversible error by the attorney, they judge doesn't have grounds to overturn the judgment for the benefit of the lender.
Sorry for the long link:
Court Record Events for 2008CV004317 in Milwaukee County
That being said, 3 years delinquent taxes, or taxes that are delinquent for three years, and the County forecloses. At that point, it becomes the taxpayers problem.
I knew Heinleins niece. She was...wild.
mmckinl (profile) wrote on Sun, 7/12/2009 - 8:30 pm replyIgnore userI love Libertarians ...
They think the world started yesterday ...
Only those of us who are born again...
Using Black Water is privatization
by using a private company, the government eliminates minutiae like VA insurance, habeas corpus, due process, etc.
I think law enforcement does 'turn a profit'.
ISIL -- Civil Asset Forfeiture: The Looting of America
Deflationary Jane (profile) wrote on Sun, 7/12/2009 - 6:29 pm
...Friday is one of my favorite scifi books, right up there Moon is a Harsh Mistress and the Mote in God's Eye.
Cute story but face it, by "Friday" Robert Anson was really just "phoning it in." "Mistress" however, could probably be recreated from memory by any three engineers ever in NASA.
Lobbyist Ben Dover
"Private produces taxes, permits, taxable infrastructure, Taxable jobs (even excess). Government does not produce any."------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In America doctors, on average, make almost twice as much as doctors anywhere else, and 2 and 3 times as much as doctors in some places in Europe (like Denmark).
Overused and over prescribed tests in America add unnecessary costs too. The example given by a physican quoted in the New Yorker is:
" If your home were design by a plumber how many sinks would you have in you house? If it were designed by electricians, how many outlets would you have? But we allow doctors to design our health care system."
High costs of medical care are like a burdensome tax on us. The money we pay for medical care and medical insurance comes at the expense of discressionary spending. If we spent less on medical care wouldn't we have more money to spend on other things?
Medicare sucks as bad as private insurance except in a different way and with the same doctors and opposing counsels. Look into end of life costs and premature birth costs before deciding you want government to get / stay in the insurance business. How many dollars did OctoMom pay for her eight bundles of premature joy? Ooops, I mean the taxpayers of CA.
My Mom died in the hostpital after surgical complications last year and the bill was over $300,000 for the 11 days of ICU!! Yeahah, thanks to all of you with work and who contribute to Medicare cuz you paid it! Had to fight the doctor even though she had medical powers of attorney because he has to be aggressive to protect his @ss and the choice was to go to court and force him to treat her in a way that was aggressive. See, she could breathe on her own but was stroking due to rigors imposed upon her by sepsis (look it up, it is a b*tch Note, if this was 1998, I'd be writing about a lesser "kill time" for my Dad so less expensive)
I thank my Dad for his career in the Air Force because the family did not pay anything under the military Tricare program. Thanks to all of you who pay Federal income tax.
I am not complaining but for any of you who think costs are containable without some kind of rationing and tax increases, ooooo, big surprise. Read this, Iand although it has a lot of great information it does not address how to pay for stuff:
http://www.census.gov/prod/2006pubs/p23-209.pdf 8+MB
BlackWater is now known as Xe.
Blackwater Worldwide - Wikipedia, the free encyclopedia
"Using Black Water is privatization ... is it not ?"
Adding more to the mix with out answering the first is no answer. Confusion is a sing of no answer.
Maybe not profit, but there is a corner with "red light camaras" that sure increase the city's coffers.
I get gas at a certain corner. Every left turn light arrow, when it turns yellow to red (really fast) photos 2 cars per light change. Those tickets run $175.00 each. So 2 cars every 4 minutes all day long. That is a big chunk of change for very little cost.
baron
mmckinl (profile) wrote on Sun, 7/12/2009 - 8:30 pm replyIgnore userI love Libertarians ...
They think the world started yesterday ...
~~~
"Only those of us who are born again..."
~~~~
No ... all Libertarians
Further more they have no idea of the importance of social structure or that man is actually
a social animal spiritually, socially and physically .
Oops, some Nikki trader spilt tea in his lap and in the mad flailing that followed hit the "Tank All" button...
Now down 0.4%. Tick Tick.
C
Why don't TPTB just OUTLAW health insurance?
I'll bet that prices come WAY down.
or not.
I thank my Dad for his career in the Air Force because the family did not pay anything under the military Tricare program. Thanks to all of you who pay Federal income tax.
Quick quiz: The following sentence is (a) correct, or (b) incorrect : Air Force careerists are overpaid.
Frankly, I think anybody that spends his/her career inside the armed services has given up a pile of money (esp with the incipient probability of going to war), and so the expensive treatment was prepaid.
should be treat her in a way that was LESS aggressive
Doctors in California's Central Valley were offered up to double what they were earning (and no malpractice insurance needed) caring for innocent Americans, to care for felons in our for-profit-prison-system.
mmckinl (profile) wrote on Sun, 7/12/2009 - 8:40 pm replyIgnore userbaron
mmckinl (profile) wrote on Sun, 7/12/2009 - 8:30 pm
No ... all Libertarians
Further more they have no idea of the importance of social structure or that man is actually
a social animal spiritually, socially and physically .
Since you are talking to a card carrying Libertarian who studied Social Psychology in college, and who spent 10 years working Health and Human Services, I'm betting you are wrong.
And in hotels....
Don't you love the business-speak spin?
Four Seasons San Francisco in default - San Francisco Business Times:
"Millennium Partners is in default on its two-year $90 million loan for the 277-room Four Seasons Hotel San Francisco, according to the developer.
The luxury condo and hotel developer and operator has purposefully stopped making debt payments as a strategy to jump start renegotiating the debt with the special server, LNR Property Corp. The Four Seasons is the second luxury hotel to default on its debt payments in recent weeks. The owners of the 393-room Renaissance Stanford Court Hotel in Nob Hill, funds controlled by JER Partners, defaulted on a $89 million loan, according to lender Barclays Capital.
In a statement Millennium Partners said it has “strategically withheld payment of debt service. Conversations on restructuring the debt have begun and Millennium Partners is hopeful that they will result in a positive outcome.”
traderwalt,
If cars where designed by Auto mechanics the would be made to repair and not what customers want. They are resally designed by accounts and look where we are.
Of course the medical system needs a tune up. The cost problems are partly from the Fed government mandates. get them out and see what happen. I don't care what doctors get paid in other countries. Simply put generally 3 out of 4 of my doctors are from foreign countries. Why are they here if the living is better else where. By the way It was a Phillipino doctor that save my bacon. The grass is not always greener on the other side.
Libertarians carry cards?
I still don't understand this country.
C
JP
Hell no career folks are not overpaid, and are gone a lot and do take the risk of getting shot a tor through. I should know since I was there for 18 /12 years of it and was a bit concerned at 12 when in 1968 Russia reasserted her domination of the Czecks.
Still, it was Dad's choice and when he made it many of the later promises were just that, later promises. You could insert CA highway patrol, correctional, fire ad nauseum pensions and likely a lot of other places. So, we the people sweetened the deal.
Like I indicated, I'm not complaining that myself and siblings benefited thru inheritance.... Just thanking all the someone else's who let us keep the money.
I was thinking that same thing, C.
C and Gnome,
Only so I can say "I'm a card carrying Libertarian".
Makes people wonder....
To funny I am not a Libertarian nor a Republican. I am a conservative who does not believe in theft by taxes and redistribution for those who do not contribute to the tax system that could.. No free rides. To many people living off of others though a broken government system. What is the current worker to total population including illegals. Bet it is very few workers.
Yes, it does, Baron.
We don't need mechanics designing cars, but we are stuck with some doctors enriching themselves overprescribing tests and procedures.
Here's more on this abuse:
McAllen, Texas and the high cost of health care : The New Yorker
"overprescribing tests and procedures."
Do you let the waiter order you food? My heart Doc does 1 test a year instead of the 4 he wants to sell me. I hit my minimum every year. Why should I care? They are in business to make money and those who just say ok are more the problem. Realtors where million dollar sale rings to impress customers and encourage sale by confidence. If doctors make to much money then the field should soon be flooded with new American born and trained doctors. I doubt it will happen to dam much education residency ans a very short work career. Maybe doctors don't really make enough.
Don't forget those lawyers who drive the hell out of law suits decided by lawyers as judges.
"Start with congress would be even better."
.......ANY new programs.........see if they like it first.
Baron--where ya bin?