And yet they just approved another Fairfield Inn here in town. And somebody wants to build a new Holiday Inn Express ten miles down the road. This seems beyond hopium to me.

Oh, my. Inflation is just around the corner!

Yeah but the new hotels will probably come in on time.

I should add that another way of tracking financial trouble for hotels/motels is property tax delinquency. Because a motel that's losing money will probably fall behind on property taxes whether or not it's got a big loan. The county is the "safe" creditor to stiff, because it won't come after you for some time.

Bob, maybe your area is "special". We have too many hotels here in California.

Some areas are worse off than others. California and Nevada are getting crushed. So is Florida.

Check out Hawaii: Worst Summer EVER!
honoluluadvertiser.com | Honolulu | The Honolulu Advertiser

"Hotels in Hawai'i had their weakest summer on record — an average of 68.1 percent occupancy — according to a report released today.

Revenue per room has also plummeted as hotels lower rates to lure guests, said Joseph Toy, Hospitality Advisors LLC president and chief executive officer.

Occupancy for June, July and August was the lowest since Hospitality Advisors began conducting its survey in 1987, and compares with rates in the mid-80 percent range in the summer just three years ago.

"You see people working fewer hours, reductions in the workforce," said Murray Towill, president of the Hawai'i Hotel and Lodging Association.

Best to all

this country needs a national hotel policy, especially if the states are unable or unwilling to support one themselves.

California and Nevada are getting crushed. So is Florida.

Check out Hawaii: Worst Summer EVER! - CR

Oregon is also completely effed, and if Broward's experience is any clue, Seattle is not so hot, either. Is the entire Left Coast doomed? Dooooooooooooooom!!!

CalculatedRisk wrote:

Bob, maybe your area is "special". We have too many hotels here in California.

That's just it, it's not special. It's a seasonal tourist town, and the motels rarely ran full this summer. They'll die over the winter.

So the decision makes no sense to me unless the developers (at least in one case, members of the Patel clan who already own locally) hope to cannibalize business from other motels. Much of our motel stock is quite rundown, with appear to the price-conscious only. This has always been a budget destination.

And yet in this economy, that's not a bet I would take.

Its lucky for them the government is pondering rolling out tax credits for employment. Just think of all the people they can hire with that credit!!! Wow, i'm so happy we have such great minds in Congress to save all these failing businesses!

scone, I was just reading a hotel article suggesting removing "spa" and/or "resort" from the hotel name to survive. I can just see the St. Regis Resort in Monarch Beach (the "AIG" hotel) renaming itself as a "Motel 8".

best wishes

CalculatedRisk wrote:

St. Regis Resort in Monarch Beach (the "AIG" hotel) renaming itself as a "Motel 8".

A bit TOO drastic. I''d suggest they try "Monarch Beach Motor Inn" first.

As I mentioned on a prior thread, some hotels might be reducing their overhead by allowing employees to live there.

some investor guy wrote:

some hotels might be reducing their overhead by allowing employees to live there.

In a few years, they can stop paying them completely and just change their job title to "serf". (Of course, we'd still need "Lead Serf", "Serf Analyist", "Assistant to the Lead Serf", "Serf I", "Serf II", etc...)

Alternate reading of this headline and recent posts:

CR: Now might be a good time to buy some SRS!

I was just reading a hotel article suggesting removing "spa" and/or "resort" from the hotel name to survive. - CR

Now I'm really confused. The hotels in NH were pushing their luxurious specialness. Maybe there's a bifurcation going on between the mass market hotels and the "business class?" Or maybe the East Coast is doing slightly better than the West Coast-- that would be my guess.


Vonbek777 (profile) wrote on Wed, 10/7/2009 - 11:04 am

I just love studies like this:
Study: Choose an Educated Wife for a Longer Life

Guess I should start pestering the wife to get that PhD.

Sober, the world as Freud would have seen it is a sick disfigurement of humanity to me. Sufficiently drunk, it's AWESOME.

The study is amusing -- women who finished college undergraduate compared to those who didn't finish high school? Yeah, just a bit of selection bias in this piece of bad research, or at least, bad research reporting. I hate this popularization of crap findings, and it degrades and casts a bad light on legitimate behavioral research.

ResistanceIsFeudal wrote:

Yeah, just a bit of selection bias in this piece of bad research, or at least, bad research reporting.

Similar to the red-wine studies. They'd probably find that people who drank expensive red wine had more income too, resulting in: Drink red wine to get rich.

more like, red wine promotes health. The more you drink, the healthier you get.

In some cases the lenders are simply locking up the properties...

I think we need to lock up more than just the properties. Let's start with the underwriters who signed off on the pro forma estimates of revenue.

Meanwhile in Canada

**Housing sales eclipse precrisis level **

Existing home sales haven't just recovered this year, TD Bank says they are better than they were going into the economic crisis.

“No other Canadian economic indicator has rebounded as sharply as sales of existing homes over the last few months,” economist Pascal Gauthier wrote in his Resale Housing Market Outlook.

After declining by nearly a third in the second half of last year, the seasonally adjusted level of sales had climbed 61 per cent higher as of August.

barfly wrote:

The more you drink, the healthier you get.

Hey, isn't that true? I've been "testing" this theory for 10 years now!


NOTaREALmerican (profile) wrote (in reply to...) on Wed, 10/7/2009 - 11:15 am

ResistanceIsFeudal wrote:

Yeah, just a bit of selection bias in this piece of bad research, or at least, bad research reporting.

Similar to the red-wine studies. They'd probably find that people who drank expensive red wine had more income too, resulting in: Drink red wine to get rich.

Laughing out loud exactly. To make it even more blatant, one could compare financial security between yacht owners and those without yachts, and find that owning a yacht is strongly correlated with financial security. Hypothesis: Buy a yacht, and you'll get rich!! Maybe J6P would get the point then.

I've been "testing" this theory for 10 years now!

how's that workin' out for ya? Wink

Freddie and Fannie to Aid Mortgage Banks

The insolvent propping up the under capitalized...

Fannie and Freddie to Aid Mortgage Banks - WSJ.com

Wow! This is going to hurt. Our economy has really sucked for some time, hasn't. Enough people desperate enough to blow a bubble that big through malinvestment b/c they had no better options?

Dooooooooooooooom!!!

Unfortunately this didn't help me one bit on the two occasions this summerwhen I needed lodging on a weekend near the Jersey shore. Anything within 20 miles of a beach and they put you over the barrel.

Better yet the classical music for babies. I listen to a lot of classical music ergo my kids do too...my kids are showing signs of abnormal development. Somethings they are very advanced, somethings they are way behind the curve so to speak...but it is enough of a difference to be noticeable by other moms at the playground. I don't think this is because I listen to a lot of Bach and Holst. Enter my wife's little sister who was a high school drop out and in the California tradition, decided to become a mom at 17 and a Vegas exotic dancer. The dancer thing fell through...she is now on husband 3 and can't understand why her little girl is behind all the other first graders in reading and math when she put on a disney classical music album every night at bed time.

Pigged from previous thread:

Outsider wrote:

Did we lose our comment preview capability?

Hmmmm... does seem to be sporadic. I'll take a look.

What else are you finding clumsy about it?

Vonbek, It breaks my heart when I hear of children suffering for their parents stupidity.

There's also VH1's Save The Music. "Studies prove" that students perform better when the school has a music program.

Bob, maybe your area is "special". We have too many hotels here in California.

Oh.. let's see, within 2 miles from where I am in southern CA, I count on Google Maps... 16 hotels, and I'm not by the beach, downtown or next to Disneyland Wink A bit of a saturated market.
~splat

Isn't it bizarre, our perpetual motion machine that can't be stopped (well, not for awhile...)

There are thousands of Consumer Cargo Cult ships laying at berth going nowhere fast all over the Far East, and yet the shipyards in South Korea are making more of the same, just like more hotels are in the midst of being built in California, as a good many going concern hotels are being foreclosed on...

JD,

Same same for the vast majority of GDP growth this year for China...

There is one area where hotel occupancy is booming - Washington D.C. - just had to check with five different hotels to find a room for two nights in two weeks. Must be all the doctors visiting the White House and their lobbyists visiting the Hill. Puzzled

Re: :"It can and it will get worse for the hotel industry."

This should be good for another 400 or 600 points; DOW 20K here we come!!! Wheres MY pony? Santa

Motel 8 Spa & BBQ could take us to 25K!!! Go baby go...

Terry wrote:

Washington D.C

The smart people are where the money is. Can't argue with that!

Love the ads to find foreclosures - save big!

There are thousands of Consumer Cargo Cult ships laying at berth going nowhere fast all over the Far East, and yet the shipyards in South Korea are making more more of the same

Ah.. I read a report about how Korean shipbuilding will basically grind to a halt in 18-24 months when the current contracts are complete unless there is an uptick in new orders. IIRC it was basically that they've got nothing new in the pipeline (!)
~splat

"The smart people are where the money is."

I am out there hoping to jsut keep a few cents in my client's pockets. . .

"I have never seen so many lenders contemplating mothballing properties,"

What about the Shadow No's over in residential real estate?

It reeks of mothballs over there...

You'd expect to see great deals on hotel stays. That's not happening.

Oh, my. Inflation is just around the corner!

Supply-crash inflation might be what is in store for us. With all these hotels going into foreclosure, those who are left will have pricing power.

Maybe they can be turned into half-way houses for all the released convicts.

funny how 'extend and pretend' tends to work better when you're on a first-name basis with the nice man at the discount window

Would not be surprised if like the Dollar store the $10 hotel with a menu of supplies and extras. TV, Internet, towels, AC, Phone, etc at additional cost. Survival of the fittest (New word for cheap)

HST, the largest hotel REIT was at $3.08 a share earlier this year. It is now at $11.42.

Terry wrote:

I am out there hoping to jsut keep a few cents in my client's pockets. . .

The partial walletectomy, eh?

Vonbek777 wrote:

I just love studies like this:
Study: Choose an Educated Wife for a Longer Life

From the article:

The effect of women's education on their own mortality was strong too. But while a woman's own occupational class had little effect on her risk of death, women married to unskilled manual and routine non-manual laborers were 1.25 times more likely to die than women whose partners were in higher managerial and professional occupations.

"Here honey, hold my beer for a second. I just want to try something..."

12th Percentile wrote:

HST, the largest hotel REIT was at $3.08 a share earlier this year. It is now at $11.42.

That tells you that recovery is at hand. I'm going to buy all I can.

What are these 'hotels' everyone speaks of...why when I was a boy we stayed at some distant relatives house or slept in a tent, or even the car when we went on vacation. We couldn't plan a trip without looking at the family tree first. Wink

Burned Bondholders Get Movie, Bowling Claims for Junk (Update1) - Bloomberg.com

Some 38 percent of the junk bonds sold this year are backed by collateral, compared with 8 percent in 2007, Bloomberg data show.

In May, Las Vegas-based MGM Mirage sold $1.5 billion of debt at yields as high as 11.6 percent and secured by collateral including a first priority lien on Bellagio, its most profitable hotel and casino. MGM’s secured debt is rated B1 at Moody’s and B by S&P. Dooooooooooooooom!!!

Vonbek777 wrote:

What are these 'hotels' everyone speaks of

Most hotels appear to be for the vast numbers of extroverted people who are sent out - by businesses - on expeditions to talk with other extroverted people. Huge numbers of extroverts - swimming through the nations airports and hotels - talking and talking and taking.

"What are these 'hotels' everyone speaks of...why when I was a boy we stayed at some distant relatives house or slept in a tent, or even the car when we went on vacation. We couldn't plan a trip without looking at the family tree first."

When I was a child I used to have to walk to school 5 miles uphill both ways. Pa also made me clean the pavement in front of our house every day with my tongue. Tongue

HollywoodHack wrote:

the spelling is 'EVARR', CR

Sometimes I'll also spell it with an H.

'Worst summer EVAH!"

But then you need to do it with a diva headshake.

We need cash for tourism (CAT)....I swear I will take another vacation.


Vonbek777 (profile) wrote on Wed, 10/7/2009 - 11:24 am

Better yet the classical music for babies. I listen to a lot of classical music ergo my kids do too...my kids are showing signs of abnormal development. Somethings they are very advanced, somethings they are way behind the curve so to speak...but it is enough of a difference...

Just visited with my younger brother and was informed that the school he's attending has inquired about putting his son (kindergartener, age 6) into their gifted program. Unfortunately he has some behavioral issues that need to be dealt with, I'm sure largely due to an unstable home life (my brother has a home and stable job, she has neither and the kids move around on a regular basis yet was awarded custody, while my brother gets to pay for child support). Talk about a shitty combination of circumstances and ability. But again I say we are lucky as humans that intelligence is not geographically nor socioeconomically distributed and I think we need to do our damndest to keep it that way!

sartre wrote:

We need cash for tourism (CAT)....I swear I will take another vacation.

Mandatory 8 week vacation (all expenses payed). I'm lycin' it!!!

I'm assuming this is good news for consolidation sites such as Hotwire, which now have lots of choice properties to resell at good prices. There was a time during the boom when they were hurting because they didn't really have any deals to offer.

An anecdote -- a very cheap, high-powered salesperson I know uses it, and claims many 4- and 5- stars are offloading lots of rooms at 50-75% off -- says it was something he never saw a few years back.

speed,

I use priceline and seem to get the deal I want consistently...

Doc Holiday wrote:

Some 38 percent of the junk bonds sold this year are backed by collateral

I suppose collateral could have a loose definition. Bob Dylan: "They asked me for collateral and I pulled down my pants" 11.6% to borrow $1.5 billion - excellent. I wonder what return they're getting these days.

Vonbek777 wrote:

What are these 'hotels' everyone speaks of...why when I was a boy we stayed at some distant relatives house or slept in a tent, or even the car when we went on vacation.

I remember. Once we had relatives come in from South Africa, rich ones. They'd been traveling the globe. And we still put them up at the house. That was just the way.

Still a lot of that; my wife has a friend who goes to Tuscany every couple of years; but only because her husband has relatives there, and a place to stay.

NOTaREALmerican wrote:

Huge numbers of extroverts - swimming through the nations airports and hotels - talking and talking and taking.

That quote was so good it brought a tear to my eye.

I just forwarded your quote to a number of acquaintances. They're all away on business, but they'll get it on their blackberries.

So, what's the big Nothingburger report today?

What bill is the housing tax credit going to be tacked onto?

I've now seen loss estimates on CRE running as high as $1 trillion.

"What bill is the housing tax credit going to be tacked onto? "

Something to do with world-wide starvation, or operation keep america safe.

In the more natural parts of the Golden State, if it wasn't for foreign travelers on holiday to see Mother Nature's realm, there wouldn't hardly be any business in the motels & hotels & restaurants.

Today as I was sitting down to breakfast at the local greasy spoon, there were Dutch people the next table to the right, and French folks on my left. I heard some Germans asking if they could eat outside on the patio.

mp wrote:

I've now seen loss estimates on CRE running as high as $1 trillion.

Current losses, or anticipated losses? I'd be curious how people would be forecasting future drops in CRE revenue and increases in vacancies...

Expected credit losses.

A recovery in California's hotels in 2011 sounds a tad optimistic! How about 2021 ... or 2025?

CR's chart shows that a full cycle takes been 10 to 20 years (boom to boom). We're only 4 years into the current cycle, so at best the next boom is 6 years away but, due to the excesses in the current cycle, we're likely much much farther away from the next boom.

*No recession in the US has ever ended with fixed private investment falling.
*

EHP,

Look at private consumption & private investment (C+I). This helps highlight underlying demand. Government spending is fueling our eCONomy. A positive print on GDP in Q3 is possible, but I'm quite certain that the private economy will remian weak for a long time to come.

I've now seen loss estimates on CRE running as high as $1 trillion.

Timmie & Bernanke have the check ready.. hmm.. you think they'll write one really big check or 1,000 small ones for $1 billion each ?
~splat

I can't see how any amount of money pumping can overcome the amount of slack in the system-- which is rising relentlessly. It's like pushing on a string.

"Timmie & Bernanke have the check ready.. hmm.. you think they'll write one really big check or 1,000 small ones for $1 billion each ?
~splat "

It'll be one big one. Ed McMahon will show up cameras in tow at GS head-quarters.

Timmie & Bernanke have the check ready.. hmm.. you think they'll write one really big check or 1,000 small ones for $1 billion each ?

What makes you think they won't do both?

mp wrote:

Expected credit losses.

Okay, so not just loan losses that are on (or should be on) the books now, but also a bit of forecasting for the depth of the CRE bust and anticipated loan losses. I'm not pooh-poohing the estimate, just trying to get a handle on how it was arrived at.

I just did some looking.

It's S. 1230. Its in the Senate Finance Committee, still on their agenda.
Obviously this committee might be preoccupied with Health Care.
I guess it'll be tacked onto the financial reform bill?
Isackson has said the drop-dead date is October 15.

My son vomitted in the car on the way to school... explains my postability today. It looks like a food reaction as he's completly "normal"; but I'm not sure his school would've accepted him late...

Is anyone else getting the ad about selling a kidney?

No. How much are they going for? I could use the cash...

On a bleak LA thruway, lights out everywhere
Fear of bankruptcy, rising up through the air
Up ahead in my future, I saw a panicking gov
His fist was shaking and I’m feeling no love
“You’ll have to lower your rates, now
And give out more free stuff;
I got a call from Timmay and Ben
And they are most displeased,
You better fix this for them or this could be hell”
Then Arnie stuck his thumb in my chest, and he glowered again
He held up his mobile on speakerphone,
And I heard them say...

Welcome to the hotel california
Such a broken place
What a big disgrace
Plenty of doom at the hotel california
We got lots of fear, you can find it here

nova wrote:

Is anyone else getting the ad about selling a kidney?

Worse; "Erase Bad Credit Legally"

Tanta would not approve and that is good enough for me.

noob goldberg,
Can I forecast a shift away from consultants in the Ontario government? Never, too early, or soon?

Green Shoots Green Shoots The last time things were this good Paris Hilton's grandpa was getting rich buying hotels for pennies on the dollar. Green Shoots Green Shoots

Retail observation. Some of my favorite brands are having sales with free shipping on their websites. The catch is, the prices are lower on the manufacturer's site than they are at the department stores' sites. Lower even than Zappos. So these guys are undercutting their distributors, dealers, and even their discounters. Which obviously kills urban retail CRE even more.

. Ed McMahon will show up cameras in tow at GS head-quarters.

That'll be spooky. Zombie Ed McMahon?

While usually hitting 'reply' simply opens the quote above it (and I love that feature, kcoop!), sometimes it opens a whole new window, even when it's in the same thread.

Any idea what causes that? Differences in the two themes or something? It seems somewhat random, but I'll post another one when it happens again.

sdtfs wrote:

That'll be spooky. Zombie Ed McMahon?

Aren't you used to zombie banks, zombie REITs, zombie HBs yet?

I have a Ditech "Refi Rate Sale" across the top of the page. On the left is a "Find Foreclosures SAVE BIG!" ad for foreclosure.com and across the bottom is an ad for "Find Out If Your Bank Is On The Next To Fail List"

noob goldberg wrote:

Any idea what causes that?

If you have other "replied to" expansions open this can happen.

Juvenal Delinquent wrote:

I heard some Germans asking if they could eat outside on the patio

When I was in Italy a few week ago, I asked the hotel people at each of the places we stayed how business was. The answers ran from normal to catastrophe. The people toward the catastrophe side of things said the Americans and the Germans had disappeared. I guess the Germans are all here. The place that was normal was in a very popular tourist destination; so is probably an exception (although, so is Hawaii).

Interestingly, one night while sitting a restaurant, there was an Italian family sitting next to us - so my spouse starting chatting with them (extroverts again). He worked at a 5* resort - as part of the management staff - just south of Grosetto (rooms started at $850E, we looked it up later that evening). He said business wasn't too bad this year, and that the 9/11 tourist crash was much worse than this year's tourist drop. He did say that the number of Americans was way down, but that 9/11 had permanently dropped the number of Americans at this resort so the percentage of American was low anyway.

I agree with Christopher Whalen.

The real economy is "dying."

Anecdote: I read a post from another board last night from a lumberman in Washington state. He says the price he gets for 2x4 lumber is now less than the price of firewood.

EvilHenryPaulson wrote:

Can an forecast a shift away from consultants in the Ontario government? Never, too early, or soon?

Could you clarify the question? Are you referring to the Fleishman-Hillard or Hill & Knowlton type of consultants? Or are you thinking of a different set?

Rob Dawg wrote:

If you have other "replied to" expansions open this can happen.

Thanks! I'll try this next time...

Bravo! sterlingirl- excellent!

Why not turn hotels/motels into boarding rooms for the new homeless?

They are a bit more comfortable than prison cells, and we could "mothball' human beans there.

noob goldberg wrote:

Any idea what causes that? Differences in the two themes or something? It seems somewhat random, but I'll post another one when it happens again.

I've seen this, but been unable to reliably reproduce it. If anyone can, please let me know.

He says the price he gets for 2x4 lumber is now less than the price of firewood. - mp

Same thing happening in Oregon. Very little building going on, except for all-cash types.

YLSP,
If you're just itching to file a lawsuit, the easiest target is Henry Paulson.
• Unilaterally rewrote Section 382 or IRS. Congress must pass changes.
• That change allowed Wachovia's losses to be transformed into an asset and let Wells Fargo reclaim previously owed taxes, get tax credits. eg The Government outbid the government for Wachovia.
• Banks were specifically prohibited from transferring NOLs. Otherwise there would be a huge incentive to create money losing banks
• Was done to save Wachovia from the low offer from Citigroup.
• Bob (Robert) Steele was the CEO of Wachovia. Long time friend of Paulson, worked together at Goldman and at the Treasury
• Paulson needed a waiver just to deal with Steele. He ended up phoning Bair after the Citigroup deal was accepted, and convinced her to drop that deal and support Wells Fargo
• The change to Section 382 was one of the first orders of business for post-election congress, either in January or February. They repealed the change, and went out of their way to comment on their doubt that the change was ever legal or legitimate to begin with

I don't know. I clicked on the kidney ad and got Chinese

scone wrote:

So these guys are undercutting their distributors, dealers, and even their discounters. Which obviously kills urban retail CRE even more.

Eating their young to survive.

Rob Dawg wrote:

If you have other "replied to" expansions open this can happen.

I think that's coincidental. I've seen it without others expanded.

EDIT: and it's been happening with the old theme for some time too.

scone wrote:

Same thing happening in Oregon.

I'd love to hear how the Papé franchise is doing?

mp,
Just got back from the Home Depot. Lumber on the floor is the same price it was 2 years ago despite lumber wholesale prices down what? 60-80%? Premix mortar up 80% over last week. Last week. It seems that making stuff is getting creamed at the same time selling/handling stuff is getting the sugar. Lumber or mortgages; the providers and the consumers are getting squeezed while the pipeline gets fat.

scone wrote:

Retail observation. Some of my favorite brands are having sales with free shipping on their websites. The catch is, the prices are lower on the manufacturer's site than they are at the department stores' sites. Lower even than Zappos. So these guys are undercutting their distributors, dealers, and even their discounters. Which obviously kills urban retail CRE even more.

This happened with the Chicago lumber trade in the 1850's-1860's, if I recall correctly. The result was that small retail lumber sellers joined together in an association and began instituting fines on any wholesaler who bypassed the retail seller. If the company refused to pay the fine, the entire organization systematically boycotting the wholesaler until they paid or went out of business. Since these 'direct' sales were a much smaller quantity than the wholesale sales to retailers, no wholesaler was willing to cook their own goose and quickly backed down.

Perhaps we'll start seeing something similar, where various levels of the supply chain begin playing together instead of being parasitic.

So are we going to have any real action today when the markets open, are we waiting for Thursday and Friday...

If you're just itching to file a lawsuit, the easiest target is Henry Paulson.

You can't sue Henry Paulson because he was acting in an official capacity. You have to sue the Secretary of the Treasury, whoever that person is, regardless if he himself committed those acts.

nova wrote:

I don't know. I clicked on the kidney ad and got Chinese

Oh God! Now the Chicomms are trying to corner the commodity market in human organs!

"I don't know. I clicked on the kidney ad and got Chinese"

That's weird. Just yesterday my wife ordered her favorite spiced kidney dish from the local Chinese restaurant.

noob goldberg,
In general. The eHealth foul-up seems to have brought things to a head, and one of the longer term things I look for is the government to reassert power as an institution and source work back in

Germans (and other Europeans) dig the Sierra Nevada, but seem not all that interested in our big cities, and aside from landing at the airports in the Big Smoke, they don't seem to spend much time in our plastic fantastic wastelands.

Rob Dawg wrote:

Just got back from the Home Depot. Lumber on the floor is the same price it was 2 years ago despite lumber wholesale prices down what? 60-80%? Premix mortar up 80% over last week. Last week. It seems that making stuff is getting creamed at the same time selling/handling stuff is getting the sugar. Lumber or mortgages; the providers and the consumers are getting squeezed while the pipeline gets fat.

This will only happen so long, as the arbitrage opportunity is too great. Even my father was half-tongue-in-cheek debating about putting up a couple more storage buildings and buying a few truckloads full.

"Germans (and other Europeans) dig the Sierra Nevada, but seem not all that interested in our big cities, and aside from landing at the airports in the Big Smoke, they don't seem to spend much time in our plastic fantastic wastelands."

I've been seeing a lot of European tourists both up in San Francisco and down in Palo Alto.

EHP,
This is what I don't get.

Why doesn't Congress file a lawsuit? Why doesn't anyone else do so?

Perhaps we'll start seeing something similar - ng

I don't think so, because the internet will route around it. You can't block access like you could way back when, and FedEx and UPS can deliver anywhere, so there's less 'tyranny of distance' problem. I think it's more likely the whole wholesale/retail model will change. Finally. There's no particularly good reason to have both a Sears and a J.C. Penney. The one with the better model may survive. The others will die.

I'm beginning to think the reason for the recent "explosion" in ammunition sales goes far beyond a concern over gun legislation.

The same kind of fear is in the gold coin market. Zero Hedge has a piece on double eagle sales. Interestingly, my brother and I were talking about that last night.

" EHP,
This is what I don't get.

Why doesn't Congress file a lawsuit? Why doesn't anyone else do so? "

Paulson had full immunity written into atleast one of the bills. Other than that no-one in a position to make a difference cares. Why would they cook their own golden goose?

I'm beginning to think the reason for the recent "explosion" in ammunition sales goes far beyond a concern over gun legislation.

more Needs More Cowbell

Basel Too
Ima so sick of ur buk learnin'
thanks for the correction, but you get my point. Is it possible to argue Paulson was specifically not acting in an official capacity because the deal for Citigroup to buy Wachovia was already done, and approved by the FDIC? Add in the rushed waiver for conflicts of interest. A demonstrated pattern of avoiding fraud detection by using unrecorded phone calls...

EvilHenryPaulson wrote:

In general. The eHealth foul-up seems to have brought things to a head, and one of the longer term things I look for is the government to reassert power as an institution and source work back in

I can ask a few friends, but I don't spend much time in provincial politics in Ontario. Certainly the ehealth brouha was some egg on their faces, so it might slow down the hiring of some consultants. But avoiding consultants would necessitate bringing on more permanent staff, which creates long-term funding commitments. It may change in the next couple of years, but for now there is still a lot of political danger in being labelled as a politician who permanently expanded the size of government.

Where Billy the Kid used to roam, and where there still is prospecting for PMs. This is really a possible donation for the public good, since there is a restriction on aany developer's ambitions for other uses.

ABQjournal.com: Albuquerque Journal

It's down state here from NM.

Of course when there are no consequences for bad behavior and the public knows it, the French proved you can bypass the courts completely. No need to sue, just say hi to the public's new best friend Mr. Guillotine. What was that popular phrase a couple of years back something about forgiveness and arranging the meeting with God?

poic
That was for TARP. This had nothing to do with TARP

YLSP: you have to be personally hurt to sue ("standing"). Wasting your tax dollars isn't the right kind of harm. You can't sue the government just because something is unconstitutional (or illegal). There are complications involving environmental laws and separation of church and state, but that's the basic idea.

Maybe a bank that could have been TARPed and wasn't could sue. You'd need something like that.

There's a lot of money to be made by some enterprising hotel or restaurant that has billboards up in German, French & Italian along the tourist route from LA/SF to the National Parks, where so many Europeans go.

Imagine landing in LAX or SF and not seeing one sign in your language during your entire drive though the Golden State? That's the situation currently...

Why doesn't Congress file a lawsuit?

Separation of powers

You don't the third branch of government to adjudicate a dispute between the Executive and Legislative branches. If Congress disapproves of the execution of its laws by the President, it needs to expressly voice that displeasure via a law. For example, Congress has often passed a law overruling an Executive regulation.

I see the most damage in better quality middle-class retail brands. The lower end survives on sheer numbers, the high end still has money, but has cut back volume. The "not yet paid off Coach bag" syndrome is ending-- most of the bags I see are from 2 years ago. And on that unhappy note, I'm off to the gym.

"poic
That was for TARP. This had nothing to do with TARP "

I'm pretty sure that Paulson got blanket immunity from any decisions/actions he made, not just with TARP. Though I could be wrong.

YLSP,
I know exactly why they don't file a lawsuit. It would be terrible optics, it would take a long time to get any decision, it could hamstring the current Treasury, and it would be messy. What I don't get is why the target of your itch is the FDIC prepayment. The FDIC could issue a simple 3x annual fee special assessment, but by classifying it as a prepayment the banks get to keep the 'future' payments as a tier 1 asset.

scone wrote:

I don't think so, because the internet will route around it. You can't block access like you could way back when, and FedEx and UPS can deliver anywhere, so there's less 'tyranny of distance' problem. I think it's more likely the whole wholesale/retail model will change. Finally. There's no particularly good reason to have both a Sears and a J.C. Penney. The one with the better model may survive. The others will die.

I completely agree that the times are different, but I would simply bear in mind where the bulk of sales are made. I think the percentage of online sales for any manufacturer are very low compared to total sales, and a large enough group could bring a manufacturer or wholesaler to their knees.

However, most of the time the large box-store retailers are the problem, so we just need to find a way to bring them to their knees.

I'm beginning to think the reason for the recent "explosion" in ammunition sales goes far beyond a concern over gun legislation.

Would you mind sharing your thoughts? Do you think it has more to do with a resource constraint -simple supply and demand. In this case supply is being consumed at a fast clip by the military. The "explosion" from what I can see is centered around specific types of ammunition - 9mm, 38 special, .223/5.56mm, .308/7.62mm, etc. There doesn't seem to be any scarcity of hunting rounds vs the self defense/assault weapon rounds.

poic,
there was beyond reproach from everything under the sun for TARP, and then there was the standard in the course of duty immunity. It's not clear to me that what Paulson did is covered

"I see the most damage in better quality middle-class retail brands. The lower end survives on sheer numbers, the high end still has money, but has cut back volume. The "not yet paid off Coach bag" syndrome is ending-- most of the bags I see are from 2 years ago. And on that unhappy note, I'm off to the gym."

I am seeing a separation between high-end retailers that cater to Chinese and high-end retailers that cater primarily to Japanese/European/American.

Hermes, Yves Dellorme, Fendi, Waterworks and others that are not in demand by Chinese consumers are all being hit very hard.

Louis Vuitton and any other brand that is in demand by Chinese consumers appears to be holding up much better.

What I don't get is why the target of your itch is the FDIC prepayment.

he's grasping at straws, and wants to hamstring the current administration any way he can.

Oct 7, 2009 ... Versace, the favoured brand of celebrities such as Elton John and Jennifer Lopez, is pulling out of Japan after nearly 30 years

Example:

I'm on travel next week to the autonomous republic of texas next week. Rooms at hyatt are 230 a night. Rooms in another dumpy hotel 145. Either way, both are more than vacancies justify.

On rounds: Hope not to touch off a secular religious debate regarding sizes, but I lean toward .45 APC (no shortage) and .306 spire-tipped boat-tailed (no shortage).

And in memory of my father-in-law, if your not melting the lead in your basement and hand loading, then what good are you anyway?

Hat

"he's grasping at straws, and wants to hamstring the current administration any way he can."

Or he could just be sick and tired of what's going on.

@Mike

Mike, I think a lot of people are beginning to experience existential doubt. The US mint says the demand for double eagles is "unprecedented." This fits with what my brother told me last night. He told me they are "unobtainable." Put those two data points--gold coins and ammunition--together.

Joe Sixpack may be engaged in some intuitive decision-making.

@Mike in Long Island replied from a pigged thread:

You said your main input costs were property and energy. What does your company do - host data centers, offsite record storage or disaster recovery site?

Software consulting services. However, we have a property and energy footprint of an operation that is more like a hosting provider than a consultancy, adjusted for our small size. One big way we compete against the outfits that sell on price alone is by running the largest testing and development center in the partner community for the kinds of solutions we sell. We're extremely comfortable with firing clients who only shop on price alone. That simply externalizes the costs of obtaining relevant knowledge up to that single point in time. Plenty of competition there, but they usually wear themselves out in a few years as their clients figure out they can't learn on the client's dime and time in time-critical projects.

The software we consult upon is complex enough and generates enough unique use cases with its interaction points with other software that at one point or another, customers need someone who can competently solve problems using their own gear not only at the time the problem happens, but before it happens when performing "what if" testing. We're the only partner company invited to the betas (all other beta testers are bona fide customers) for one of the products we consult upon. Doing all this is not as expensive as it might seem at first blush, as long as you are careful with your operational decisions to get more bang for the buck than the conventional ways of doing this work. One peek into how unconventional we get: we are cramming more than 30 TB/rack U with a proprietary approach.

maybe now we get a little justice

from seattle kplu

"Massive WaMu Lawsuit Moving Forward
Wed Oct 07 11:40:42 EDT 2009
It’s been more than a year since the collapse of Washington Mutual Bank. It’s the largest bank failure in U.S. history. And now a federal judge is allowing a potential class-action against WaMu to move forward on behalf of angry shareholders. KPLU business and labor reporter Bellamy Pailthorp has the story.

The case has already generated reams of documents - millions of pages of allegations and responses. Brad Keller represents plaintiffs who say WaMu executives violated the federal securities act of 1933. He says the bank's leaders, and their outside accountants, repeatedly assured the public that their money was safe when they invested it in WaMu products.

"In fact the real story was quite different," Keller says.

"We believe the evidence will show that management was very much aware of the problems and that the underwriters and the accounting firms were negligent in not ferreting out the real truth at that company and disclosing it to the investing public."

Also suing are WaMu workers who invested in company stocks.
The combined lawsuits have cleared a significant hurdle.
Federal Judge Marsha Pechman is bringing both sides in this massive lawsuit back to court in 3 weeks.

http://www.publicbroadcasting.net/kplu/news.newsmain/article/0/13/1563150/Top.Stories/Massive.WaMu.Lawsuit.Moving.Forward"

doesn't political dissent necessarily require undermining, or at least attempting to undermine, the status quo?

obviously the gov aint gonna do shit against the real bankstas

so shareholder lawsuits may be the way to go

internal memos indicate wamu execs new the shit was hitting the fan long before,,,

mp wrote:

Joe Sixpack may be engaged in some intuitive decision-making.

Maybe, but most J6P's don't have the cash to buy double-eagles (unless they're changing them on MC).

So, I'd guess it's the uber-doomer people stocking up on the guns & glod.

mp,
When you say double eagles, do you mean that new special edition re-release of the old coin?

Hotels in Seattle are doing awful, but not as awful as other places...

So that means, according to CNBC, we're doing GANGBUSTERS!

Which is the only financial instrument that will benefit from discovery of fraud?

barfly wrote:

he's grasping at straws, and wants to hamstring the current administration any way he can.

poic wrote:

Or he could just be sick and tired of what's going on.

I don't know if these two options are mutually exclusive.

IOC complained today that the 2012 London Olympic committee hasn't even finalized what buildings will actually be constructed to host what events. On an Athens construction timeline but with a tighter budget

/we are cramming more than 30 TB/rack U with a proprietary approach/

Please explain:

is that 30TB per U within a Rack, or 30TB per Rack.

Either way, I can make that work on a per-U basis, not too proprietary.

Just curious.

using Left-hand networks to virtualize your dasdi solution of 2TB slow-ass drives?

Hat

I want to ask a theoretical question(s)...a big if here, not saying this is so, but just an if...If the US government is tasking most of its surveillance capability on American soil...and the majority of ill conceived measures under W, have not been undone by O...what does this mean? Do we have a real and credible threat to American security on domestic soil...has the government become scared of its citizenry? Do these kinds of actions provoke borderline groups who are usually all bluster anyway? How do you reconcile a press and hollywood that feed Armageddon type scenarios with citizens who in earlier times would have been upheld as models of the American militia spirit. I see such extremes on both sides of this issue...just looking for some illumination.

Basel Too wrote:

doesn't political dissent necessarily require undermining, or at least attempting to undermine, the status quo?

Yeah. If you're not dissenting against the status-quo what WOULD you be dissenting against?

yourapostasy,

Thanks for satisfying my curiousity. I am not in that field but it sounds like you have a unique "value proposition" (ugh hate that term) to distinguish yourself from the competition. It's nice being able to "fire" customers. Your mention of energy and property made me think computers with back up generators and back up batteries to back up the generators = energy and space.

Vonbek777 wrote:

I want to ask a theoretical question(s)...a big if here, not saying this is so, but just an if...If the US government is tasking most of its surveillance capability on American soil...and the majority of ill conceived measures under W, have not been undone by O...what does this mean? Do we have a real and credible threat to American security on domestic soil...has the government become scared of its citizenry? Do these kinds of actions provoke borderline groups who are usually all bluster anyway? How do you reconcile a press and hollywood that feed Armageddon type scenarios with citizens who in earlier times would have been upheld as models of the American militia spirit. I see such extremes on both sides of this issue...just looking for some illumination.

I would just like the folks sitting in the basement at Fort Meade to realize that I don't know this guy at all. He's just some wingnut I met on an internet forum. Please don't send the Its a chopper, baby.

Given all the green shoots and the end of the recession, you would think opening a new hotel right now would be a license to print money.

Economics is so confusing...

Sun's Thumper (x4500) does 48 drives in a 4U slot, so 48 TB. 40TB within a 1U would be insanity today

Hey that was my third edit, you should have seen my first draft...sure it would of had men in black sunglasses knocking on my door in no time. Wink

Probably stated already, but the article linked by Tyler indicated the mint was stopping PROOF sets, not stopping the production of coins. I'm conflicted about physical in that it can't be eaten. Long term it can store weath, but is it subject to deflationary forces? If the $ tanks, physical could bridge you to another fungible, assuming it is not confiscated a la FDR......

"I would just like the folks sitting in the basement at Fort Meade to realize that I don't know this guy at all. He's just some wingnut I met on an internet forum. Please don't send the"

Don't they need a tn-visa to cross the border noob?

what does this mean?

it means if you change the Bush policies, and something f--ks up you can always say that you were following SOP. if you relax the Bush policies, and something f--ks up, you're toast. tis the state of modern day politics.

So, J6P and Jane Chardonnay went out and bought guns & ammo, and their credit-card bill went from $12k to $13k, and they are as broke as ever and Jane lost her job as a dog polisher, and both are contemplating not paying their bills anymore, because they saw some teaparty guy dressed up like Benjamin Franklin on the tv, that told them that their government is bad, and it was on Fox news, so it must be true.

So what do J6P & JC do with the guns & ammo?

If the US government is tasking most of its surveillance capability on American soil...

with all the crack and meth labs, theft, vandalism, more crime of every sort per capita and square mile, from kidnapping to murder, what would you prefer? Less surveillance? Cue B_R

Joe Sixpack may be engaged in some intuitive decision-making.

Thanks for sharing mp. That does not bode well for mad max - the probability of it not happening that is.

PS You've mentioned "buy more concrete" several times. In my misspent youth I worked for a small family owned masonry business. It was my 3rd summer of working there before they let me "float and finish" any concrete with the magnesium trowels and wood floats - no broom finish for them. The 1st 2 summers were spent mixing concrete and mortar - the mortar always by hand since they were very particular about how stiff they wanted it - and carrying block and brick. An almost apprenticeship like experience that provided more end of day job satisfaction than I usually get today...

poic wrote:

Don't they need a tn-visa to cross the border noob?

Like I'm going to test our border procedures to keep out the guys in black suits. As far as I'm concerned, they don't even have to conform to the laws of physics.

Hold on, someone's at the door.

OCC’s Quarterly Report on Bank Trading and Derivatives Activities Second Quarter 2009

http://www.occ.treas.gov/ftp/release/2009-114a.pdf

tick, tick, kaboooommmmmmmmmmm

EHP,

We do about 12TB per 2 U enclosure. That sounds right. But it could go up if you elminated all those features of snaps, and mirroring, and cloning, and reserve space, and double-parity...by now you may now which vendor we work with a lot...

Hat

Sell it along side baby clothes at a yard sale? Puzzled

"You don't the third branch of government to adjudicate a dispute between the Executive and Legislative branches. If Congress disapproves of the execution of its laws by the President, it needs to expressly voice that displeasure via a law. For example, Congress has often passed a law overruling an Executive regulation."

Except in California - I see one of the leaders of the legislature wants Jerry Brown to investigate Arnold's threat to veto 700 bills as extortion - what a place.

So what do J6P & JC do with the guns & ammo?

Open a "wild game" diner featuring squirrel stew, rotisserie rabbit and pan fried pigeon?

Bruce wrote:

I'm conflicted about physical in that it can't be eaten.

You mean, as opposed to physical dollar bills or dollars in a bank computer, which can be eaten?

Speaking of ZH: I found this commenter's thought interesting:

(In regards to the strengthening Euro and devalued USD) Germany and other Euro countries should just start issuing all new debt in US$? That would be the perfect hedge, either it sucks up dollars making dollar go up or Bendover prints even more making the debt loose value.

It makes sense to me in some way, but it sounds like a bad position to put European countries and companies. Almost like it puts them because a debt 8-ball that is bankrolled by the US & China. Talk about strange bedfellows as this currency brouhaha starts up... Puzzled

J6PK is not concerned right now It's Football season. Unless they raise the beer price or shut down their cable TV.

barfly says,

"with all the crack and meth labs, theft, vandalism, more crime of every sort per capita and square mile, from kidnapping to murder, what would you prefer? Less surveillance? Cue B_R "

it doesn't seem to help on that front either....Meth is similar to bankers, a toxic solution cooked up to burn the sheeple...

everyone,
Google street view is now available for Canada. Come enjoy a virtual staycation


blackhat,
I'm not too into IT crunching, so I don't know who you deal with. I have worked on Suns with Solaris before. I appreciated not having any crashes at the expense of some usability.

JD,

In the business as usual scenario, (big assumption, but probably valid) they, joe & jane, die, with a house full of guns & ammo. The ammo cannot be resold in a traditional legal market, but it can be recycled for scrap. The guns can be resold by the estate. Undoubtably, they have a few modified guns--screw the government and all--and the ATF having seen this over and over again will ask some routine questions to the executor of the state and relative, and dispose of the modified fully-automatic rocket launchers.

EHP,

They ryhme (loosely) with Death-Trap.

Hat

From the FT:

Calls for reform were widespread when world banking teetered on the brink of collapse. A year on, what has happened?

Gee, I wonder if the FT will be able to figure this out?

You've mentioned "buy more concrete" several times.

I am a firm believer in having insurance.

Meth is similar to bankers, a toxic solution cooked up to burn the sheeple...

Once we allowed the Unabankers access to PseudoFEDrine, they cooked up quite a scheme...

Juvenal Delinquent wrote:

Once we allowed the Unabankers access to PseudoFEDrine, they cooked up quite a scheme...

Let me guess that it causes Math Mouth?

JD,
Have you seen an uptick in acts of political violence? That needs a catalyst and some alpha to lead the pack and give them a taste for blood. The other side of the coin, anarchy, well that will start when people can't feed their kids. Laws only work while the people's bellies are full. Then intimidation and force.

Barfly,
Great, we are a nation of criminals...then logic dictates we must sacrifice liberty for safety.
Guess radiohead was right:
Fitter, Happier

I wasn't made for this world.

Let me guess that it causes Math Mouth?

Ah, you've seen the 'Faces of Math' with Hank, Ben, Timmay and the other Boys of Summers?

MGMs City Center in Las Vegas is supposed to open this month. Will it be a crapshoot?

Anyone catch the consumer credit or Treasury budget releases - I thought they were due at the top of the hour?

So many bad puns in the past few minutes.

Juvenal Delinquent wrote:

So what do J6P & JC do with the guns & ammo?

I have no idea, damn you. I was halfway through a slurp of ginger-ale when I read 'dog polisher' and choked, knocking me and my office chair ass over teakettle and hitting my head on the whiteboard behind me. As I was flipping over backwards, my leg flew up and kicked my keyboard tray, which launched the keyboard into the air and promptly landed on my groin. As I began writhing in pain, my flailing arms hit my cellphone charger, which broke and electrocuted my arm, causing my legs to erupt in spastic convulsions and my bowels to relax ever so slightly. My gyrating legs kicked over the garbage can which sent the remnants of yesterday's stir-fry flying against the wall.

So now my head is sore, my testicles are throbbing, my arm has a small burn, my foot is sore, and my entire body is tingling, all the while my office smells like a mixture of rotting food with the slight hint of feces...and I have to change my unmentionables.

Let this be a lesson to you: be careful where you place such humour in the future. If I had an office-mate someone might have gotten killed.

Juvenal Delinquent wrote:

So what do J6P & JC do with the guns & ammo?

Wait for "those people" to show up, what else!

energyecon

No Consumer Credit release on website yet.

Vonbek777 wrote:

I want to ask a theoretical question(s)

Paranoia is normal. The government is incompetent (including our mythological spooks). As things get worse the paranoia will increase. Eventually a great-leader will be found, and he will lead the dumbasses to glory. Repeat for 10000 years. Call it the Glorious History of Humanity.

hmmm... unless I misread the fabulously reliable Yahoo Finance, consumer credit was due out at 2 pm EST...

Great, we are a nation of criminals...then logic dictates we must sacrifice liberty for safety.

whose "liberty", ours or theirs?

Senate approves $636B Pentagon bill

Senate approves $636B Pentagon bill - TheHill.com

My how the money just falls from the sky..

What are saying? American weekend wannabe rambos don't dine out and visit Disneylands anymore? Who is looking after the world now?! Who is holding the beacon of freedom fries? Smile

Excuse me, I have to go LOL myself AGAIN around the corner....Smile

EconomPic: U.K. Production Slumps to 1992 Levels
UK Production down below levels not seen since Thatcher's reign
UK survey of expectations vs present situation continue to diverge. Man are some people going to be disappointed if there is no H2 recovery (not just the end of recession)

EvilHenryPaulson wrote:

Google street view is now available for Canada. Come enjoy a virtual staycation

Wow, that' really recent too. We've been in our place since April, and it's after that, but before chopping down a couple small trees in our front yard which occurred in June, IIRC.


Vonbek777 (profile) wrote (in reply to...) on Wed, 10/7/2009 - 1:05 pm

JD,
Have you seen an uptick in acts of political violence? That needs a catalyst and some alpha to lead the pack and give them a taste for blood. The other side of the coin, anarchy, well that will start when people can't feed their kids. Laws only work while the people's bellies are full. Then intimidation and force.

Revolution doesn't come from the "intelligentsia" in a direct way, either (think of Noam Chomsky's rise to popularity) - usually from a radical activist group that borrows and distorts the teachings of one or more high-level thinkers that said intelligentsia have studied... I just don't see how an "internet revolution" could ever take place except at an individual, local, level and even then only by a minority of individuals.

Sorry noob,

Didn't mean to cause you so much consternation. In the future i'll have my stereotypical stooges have normal jobs that they are laid off from.

barfly wrote:

whose "liberty", ours or theirs?

Ours, I'd guess. If the governemtn IS owned by and run FOR the smartest amoral scum-bags in society, then they (the government) would be more dangerous than a bunch of "offical" criminals, right?

not a real - what "liberties" are you prevented from enjoying?

Thanks barfly...
Very well put, and cuts to the heart of my question(s). Take a step back...what does the reality of our situation suggest? Tired of the sinking ship metaphor but it does jump to mind.

ResistanceIsFeudal wrote:

I just don't see how an "internet revolution" could ever take place except at an individual, local, level and even then only by a minority of individuals

The internet would be useful to spread the glorious word. But, eventually the non-lazy need to get off their butt's and actually revolt. As was said previously tho: I think cable sports & porn will keep this from happening tho.

As they do every month, Yahoo! has consumer credit double-listed, once at 2 and once at 3. The latter's correct.

noob goldberg wrote:

Let this be a lesson to you: be careful...
Please feel free to tell me it's just me, but does anybody else think noob might be our long absent and much missed very own bacon dreamz?

V777,

I listen the the far reich on the radio in 15 minute snippets, and their fever pitch of very nearly being treasonous is a mighty fine line indeed.

Yalt,

That fabulous reliabilityat work! Thanks

Reliable they certainly are--they get it wrong the same way every time.

barfly wrote:

not a real - what "liberties" are you prevented from enjoying?

I'm not worried about "liberties". I'm not a patriot or a believer in "democracy".

But, did you mean “liberties” right NOW? Or potentially - in the future – “liberties”, as the police-surveillance state gets larger and larger?

psychodave wrote:

Please feel free to tell me it's just me, but does anybody else think noob might be our long absent and much missed very own bacon dreamz?

I love bacon, I truly do, but I'm forced to admit that I don't believe I've ever used that avatar on the Internet before. Unless I used a different one for a brief visit or two in 2006, I'm pretty sure I was noob goldberg/noobgoldberg from late 2007/early 2008 and on.

Hey JD,
That's not treasonous speech, it's entertainment... people love that funny stuff, you must too if you can stomach 15 minute segments. I gave up the radio talk show circuses years ago. But be honest, if the ultra left used to have some pretty good treason on too.

as shill noted

Senate approves $636B Pentagon bill

--

not counting cia spending
not counting veterans medical and other benefits (which they well deserve)
not counting homeland security
not counting war in iraq?
not counting war in afghanistan?
not counting the black ops and nearly 200k employees involved domestic and internatiional spying

"speaking at San Francisco’s Commonwealth Club September 15, Director of National Intelligence Admiral Dennis C. Blair, disclosed that the current annual budget for the 16 agency U.S. “Intelligence Community” (IC) clocks-in at $75 billion and employs some 200,000 operatives world-wide, including private contractors."

http://www.fas.org/irp/news/2009/09/dni091509-m.pdf

energycon,

I called the Fed...the number listed said check the website - you can press 2 to leave a message for the Fed board...

These data are released around the fifth business day of each month. The exact date and time may be obtained by calling 202-452-3206.


NOTaREALmerican (profile) wrote (in reply to...) on Wed, 10/7/2009 - 1:17 pm

The internet would be useful to spread the glorious word. But, eventually the non-lazy need to get off their butt's and actually revolt. As was said previously tho: I think cable sports & porn will keep this from happening tho.

Agreed... But what exactly does this "revolt" that everyone talks about consist of, or have to consist of? Think clearly - we have riot control and militarized police, federal disaster agencies and the National guard. Wiretaps and data gathering on the citizenry, homeland security-initiated programs for 'domestic security' of our police state, programs to fight "homegrown terrorism", the Cointelpro folks, citizen task forces, neighborhood watch organizations... all this and porn, plus credit and online shopping? We don't stand a chance.

Who would qualify as "ultra left" on the radio dial, past or present?

psychodave wrote:

anybody else think noob might be our long absent and much missed very own bacon dreamz?

Nah, bacon d got all hot and sweaty reading mortgage related minutiae,...don't think politics was his cup of tea.

ResistanceIsFeudal wrote:

We don't stand a chance.

Well, first of all "we" ain't doin' nothin' YOU are.
Second. With great risks comes GREATER reward. (Can't recall if this was Mao or GS).

bacon was Tanta's significant other. I don't think he would come here anymore

I hear constant reference to the coming Civil War. I don't think they've worked the logistics out too well as of yet but bless their little hearts they sure do like discussing it. At least I don't have to listen to them babble about the last Civil War so much anymore.

In a recent speech at the University Of Pennsylvania's Wharton School of Business, former Merrill Lynch CEO John Thain -- he, of the $35,000 commode -- said he thought it was unfortunate that the American dream has been "demonized" after the financial crisis.

John Thain, Ex-Merrill Chief COMPLAINS: It's Unfortunate The American Dream Has Been "Demonized"

barfly,
Here's some liberties my children won't be enjoying...I used to run all over tarnation with my dog...later on my bike I went everywhere alone. Don't see my kids enjoying that kind of freedom. Granted this is out of fear probably more than reality...but then when you have city councils that allow a motel full of sex offenders to be housed across the street from a elementary school...it sort of screws with your perceptions of reality. So I think to some degree the criminals have free reign...good people more and more seem to be in the cages.

EHP:

There is a minimum wage in Shanghai.
The standard for the minimum wage shall be re-adjusted once every two years. In Shanghai, the standard for minimum wage was subject to a re-adjustment effective upon July 1st 2004, to RMB 635.00 per month or RMB 5.50 per hour. shanghai

= $0.77 per hour, $88.9 per month
It doesn't appear to have been raised since 2004, which is weird."

why is that weird, here in Cambodia the per hour cost of manufact. labor hit a high in Sept '08 at around .79 and has since dropped to about .67 as of one month ago...
the key is in how much overtime is available?

Comrade Kristina wrote:

At least I don't have to listen to them babble about the last Civil War so much anymore.

The next one will be a continuation of the last one. To get even with "those people". It's always at the back of their (tiny) "minds".

This next "revolt" not require anymore violence than the fall of the Berlin Wall required of the East Bloc peoples.

I don't see stirring racial animosity and hatred to be entertaining. I consider it dangerous. We are witnessing an ever increasing amount of violent attacks as a result of these lunatics. Holocaust museum, Census worker, 4 cops in Pennsylvania, gay church in Tennessee (I believe it was), Black mother beaten up in front of her daughter by a racist creep in a Cracker Barrel. I live this shit every day and see the violent rhetoric weaving it's magic with the mouth breathers. It IS NOT FUNNY NOR ENTERTAINING>

Comrade Kristina wrote:

I hear constant reference to the coming Civil War. I don't think they've worked the logistics out too well as of yet but bless their little hearts they sure do like discussing it.

What I hear out here is, "We shoulda let the south leave the first time! But it's not too late!"

Edit -- Christina, I kept it light because I feel like I'm always the one bringing it heavy, and you didn't explicitly bring up the race issue. But I do believe that if the president was pale-skinned and blonde, there wouldn't be so much of this talk and chest-beating in certain parts of the country.

This next "revolt" not require anymore violence than the fall of the Berlin Wall required of the East Bloc peoples.

People on the inside looking out were only too happy to see communism go away and embrace capitalism, but will folks be nearly as happy to see capitalism go away and embrace the unknown?

Interesting read on this Civil war stuff. Pitchforks and Torches

OpEdNews - Article: This is what Civil War in America will Look Like

Me I'll just sit and make Got Popcorn? Currently Smoking Cannibis and wait till it crosses my threshold, then I will act accordingly.

Vonbek777 wrote:

then when you have city councils that allow a motel full of sex offenders to be housed across the street from a elementary school...it sort of screws with your perceptions of reality.

The problem is lumping sex offenders all together. If you limited it to non-pederasts, it's unlikely that the children would be targets.

But, did you mean “liberties” right NOW?

yes, I mean now. How about the liberty to walk your own streets, any time of the day or night, be you male or female. Or how about a drug-free environment for you and your children? I'm sure this list could be extended. BTW, lose the paranoia about some orwellian future.

noob goldberg wrote:

I love bacon

Bacon or Canadian bacon?

thanks for that info, nova
.
it's funny, last night I was wondering about our esteemed bacon dreamz and came to the same conclusion - too sad a place with empty Steel Toed Bunny SlipperSteel Toed Bunny Slipper

These endless comparisons to Nazi Germany are pretty useless. USA is not homogeneous enough and not regimented enough for modern day Nazis to actually have enough power to take over the country.

They might take over in some corners of USA but not everywhere without all out civil war between about 20 different fractions, speaking about 100 different languages. Even US military is infiltrated by every major American criminal gang already.

What could happen soon is the division of USA into many regions. Latinos will soon take over the South for good, California splitting into two?, East Coast also? Hard to say now what is going to happen but something big will surely happen soon.

Rob Dawg

agreed, and violence would just give the military industrial ...i mean financial complex the excuse it needed to declare martial law and shoot people on sight

i believe in non violence as the first, second and third choice for deposing tyranny in any "civilized" country

would not have worked with the nazis or the romans

however, dont ask me about the forth choice

Vonbek777 wrote:

Don't see my kids enjoying that kind of freedom

Other countries still do have it. It's interesting to see the number of un-supervised kids running about in (say) Florence. Kids about 10 yo on (gasp) a public bus ALONE, going or coming from school.

That's all gone here unless you are living rural or small town (I guess). Americans have turned their own society paranoid. It feeds on itself until there's no turning back. All you can do is leave.

I'm not sure why we have so many sex-offenders and criminal in Merica. Maybe we'll end up like Brazil, with huge populations in cities run by gangs. I'll be dead before then, so I don't care.


NOTaREALmerican (profile) wrote (in reply to...) on Wed, 10/7/2009 - 1:24 pm

Well, first of all "we" ain't doin' nothin' YOU are.
Second. With great risks comes GREATER reward. (Can't recall if this was Mao or GS).

yes... and as I also said:
'I just don't see how an "internet revolution" could ever take place except at an individual, local, level and even then only by a minority of individuals.'

It sounds strange... but online communities are a variable "they" never had to deal with, and the better ones tend to be somewhat self-selecting, reaching a specialized audience. Ripple effects, concentration/learning economy of scale, and distribution of knowledge to many across different domains of expertise and multiple perspectives are key factors that can't be easily predicted or simulated for contingency plans.

Civil War? Boy, do I hate those assholes with their confederate flags. My daughter asked me once "Isn't that like flying a swastika?"

"Yep."

I can't speak for other areas but down here that is a huge factor.

Discovery had a parole board show on the other night and they had a guy on in Oklahoma who rec'd 20 years for theft, his 3rd violation...trying to steal aluminum of something like that..He stated he made mistakes but his sentence was more than a murderer, rapist and molester would get...

talk about injustice....

Americans have turned into pacificists, letting criminals (murderers, rapist and molesters) who steal everything "a person/child is or was going to be" off with free meals, tv and conjugal visits for 7-15 years while the victim is just a newspiece...

until capital punishment is handed out like wine at a church, America will keep sliding down a hill...

I believe we should cut the back legs of any criminal behind the knee and troll them near the farallon islands so they can feel whats it like to be eaten alive..of course I'm old school and maybe a little bitter about how crime is rewarded and victims are tossed into a personal hell...

rant off....

scone wrote:

There's no particularly good reason to have both a Sears and a J.C. Penney.

Competition?

Comrade Kristina,
My joke about entertainment...was is that is what the individuals in question claim. My dad had an opportunity to meet a certain personality in Iraq, had breakfast with the gentleman. Guy in question was as conservative as a flower child circa 1969 according to my father. Dad inquired about his show...just entertainment, way to make a living, show business. There you go.

Having said that, you really believe talk radio caused those events? Is talk radio causing the swat team impostors raiding homes and apartments in the DFW area? Seriously doubt it. People who do these things, don't need an excuse, at least in my experience. I just wish people had better taste...but that begs the bread and circuses question again.

"So what do J6P & JC do with the guns & ammo? "

Don't you mean J3P? I guess that would be J3P in real-terms,J9P in nominal terms and J6P in extend-pretend terms assuming I got my labels correct.

blackhat wrote:

We do about 12TB per 2 U enclosure. That sounds right. But it could go up if you elminated all those features of snaps, and mirroring, and cloning, and reserve space, and double-parity...by now you may now which vendor we work with a lot...

What does this have to do with health care, TARP, Bernenke, Sarah Palin, et al.....
Wink

There's no particularly good reason to have both a Sears and a J.C. Penney.

Competition?

That is what Kohl's is for... Sears should go away.


ResistanceIsFeudal (profile) wrote on Wed, 10/7/2009 - 1:35 pm

'I just don't see how an "internet revolution" could ever take place except at an individual, local, level and even then only by a minority of individuals.'

I laugh that I'm replying to my own post, but what I mean here is that the 'online community' centralization in effect creates local broadcast nodes for a message that was a collective effort of a relatively small and self-selected (statistically abnormal) group of widely-dispersed individuals.

yagij wrote:

Bacon or Canadian bacon?

American or belly bacon for me. Back bacon is not really my cup of tea. Actually, I think it's way more common in the USA than Canada, and up here it's referred to as peameal bacon.

I believe we should cut the back legs of any criminal behind the knee and troll them near the farallon islands so they can feel whats it like to be eaten alive.

I knew this crazy diver, who illegally dived on wrecks in the Farallon Islands, in search of gold coins from mid-19th century shipwrecks. He was showing me some of his finds, and he described this adversary named "Whitey" and I thought he was talking about a rival diver, but no, it was Great White sharks he was talking about...

"So what do J6P & JC do with the guns & ammo? "


We cuddle them and call them " Precious " Cool

Comrade Kristina wrote:

I can't speak for other areas but down here that is a huge factor.

It ain't just down there. The north-east cities (anything east of the mississippi) are the same. But, the north-east cities might be changing (slightly) as the 40+ people are replaced with more moderate younger people. I don't know if this is true or not but at least the north-east don't have that historical civil-war mythology as baggage. The hate I grew-up with - in the 60's and 70's - was more individual human stupidity manifested in group-stupidity. The south-east is that PLUS history.

Nova, stupidity can be found all over the world.

I know I've never seen this kind of unrest before and it is being fueled by people like Levin, Savage, Beck etc. Anyone that doesn't think dog whistles work would do well to revisit Ronny Rayguns election.

What asinine reason is used to make diving illegal? If treasure hunters get eaten by sharks I say the system works.

creditcriminalslovetarp wrote:

I believe we should cut the back legs of any criminal behind the knee and troll them near the farallon islands so they can feel whats it like to be eaten alive..of course I'm old school and maybe a little bitter about how crime is rewarded and victims are tossed into a personal hell...

You have entirely WAY too much faith in our justice system to get the right guy.

ResistanceIsFeudal wrote:

Revolution doesn't come from the "intelligentsia" in a direct way, either (think of Noam Chomsky's rise to popularity) - usually from a radical activist group that borrows and distorts the teachings of one or more high-level thinkers that said intelligentsia have studied...

Right; the best part is when the radical activists execute the "intelligentsia" after the revolt. They KNOW that they don't want those guys around stilling up trouble.....LOL

we most certainly have lost freedom and justice

sneak and peek

warrant less wiretaps

gathering data on your every purchase and move across the country

cameras on street corners

arrest without subsequent filing of charges and no probable cause

forfeiture laws...caught carrying cash on the highway and the cops can take it and they dont have to prove anything...you have to prove its yours

same with your house or car, if the police find even the minutes amount of contraband, you loose your home

maybe soon they dont find anything but it just appears heh

on top of that the entire drug war does more harm than good

I'm more perplexed by the fact that these same people who talk revolution now were MIA for 8 years when the ball got rolling and in much more tangible way. The Impeach Bush people were never this upset and they wanted to use the system in place to carry out their whims (no matter how dumb it was).

To be clear, there is technically no such thing as immunity for criminal behavior, "full" or "partial", only a pardon after the fact. Individuals may not have standing to sue, but shouldn't refrain from petitioning Congress to expand standing, or just enforce the law and check executive power.

Obama shouldn't get a pass on Paulson and cronies, just as he shouldn't back off from punishing some uniformed agent who tortured a foreigner to death just because an executive order said he could.

Comrade Kristina wrote:

I know I've never seen this kind of unrest before and it is being fueled by people like Levin, Savage, Beck etc. Anyone that doesn't think dog whistles work would do well to revisit Ronny Rayguns election.

Until the peasants feel that "the man" is a bigger enemy that other peasants you'll have this problem. It was true genius by the Republican Party to split the middle-class in half using race. It's still working great. You can't fight the smart amoral scum-bags; only stay out of their way.

"Right; the best part is when the radical activists execute the "intelligentsia" after the revolt. They KNOW that they don't want those guys around stilling up trouble.....LOL"

The true believers ALWAYS get taken out after any revolution. They're the most dangerous to those seeking power.

All this talk about Civil War mystifies me. I'm currently sitting about 500 miles from where Yemeni regulars having been bombing al-Qeada positions over the summer, and it feels safer than what you guys are talking up.

So many hotels....and yet the discussion with Corus is that some of those condos would be converted to hotels. LOL. You'll be able to get a $20 room at the Standard Miami next year. Or $200, depending upon how the dollar devaluation is going.

I'm more perplexed by the fact that these same people who talk revolution now were MIA for 8 years when the ball got rolling and in much more tangible way. The Impeach Bush people were never this upset and they wanted to use the system in place to carry out their whims (no matter how dumb it was).


Yes but Bush was........no wait a minute that was the other guy.

No wait Bush did......nope again wrong guy.

Oh wait I know Bush helped.....again some other guy.

Yup can not think of much at all. Bush and Obami should get along quite well like Clinton and Bush senior.

2 do nothings.

Which is worse - bankers or terrorists wrote:

and it feels safer than what you guys are talking up

We're talking bout Mericans here. talk talk talk....

NOTaREALmerican wrote:

We're talking bout Mericans here. talk talk talk....

It's cause we're all extroverts.


poic (profile) wrote on Wed, 10/7/2009 - 1:47 pm

"Right; the best part is when the radical activists execute the "intelligentsia" after the revolt. They KNOW that they don't want those guys around stilling up trouble.....LOL"

The true believers ALWAYS get taken out after any revolution. They're the most dangerous to those seeking power.

Yep... and the originator of a paradigm often has to be sacrificed (or at least discredited after he later repudiates it or acknowledges its limitations) for the sake of the paradigm and its school of disciples Laughing out loud

You can't fight the smart amoral scum-bags;

talk to Jeff Skilling, and Jack Abramoff, and maybe Bernie Madoff, etc.

Yeah no kidding. Spend some time in Sana'a, Yemen and keep talking to me about civil war then.

Anyone got any experience with the USDA? They've got a couple Canadian positions open...

Teddy Roosevelt made it into a Federal Reservation 100 years ago...

My friend said it was by far some of the roughest diving one can do in California, as the seas are treacherous~

E Thomas St. wrote:

I'm more perplexed by the fact that these same people who talk revolution now were MIA for 8 years when the ball got rolling and in much more tangible way.

'Cause it's not about constitution rights; it's about whether "our side" is in charge.

It doesn't help that guys like these don't understand constitutional gov't. That if you let "your guy" have the power, the next guy has it, too -- and he may not be yours. That's part of the reason for the chest-beating; now that their guy's out, the fedgov is way too intrusive in peoples' lives.

Am I just being a negative kill joy when this looks like an avenue to provide an instant deposit base for the banks without the possibility of withdrawal?
Coming Soon: $500 for Every Newborn?
By Kimberly Palmer
On 11:52 am EDT, Tuesday October 6, 2009

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Yahoo! 404 - Page Not Found

You have entirely WAY too much faith in our justice system to get the right guy.

collateral damage happens in everything...drunk drivers, gang shootings, chemical plants, mercury etc....

dna analysis helps reduce it to nil....Also I should'nt have said "any criminal" with emphasis on the 3 I mentioned....

a lady friend I used to know works at Atascadero State Hospital - Wikipedia, the free encyclopedia
which housed the most violent of offenders..they castrated one of them and he was still chasing other prisoners around according to her..she was head nurse in that division...they can't be reformed...it's useless..

shill wrote:

Yes but Bush was........no wait a minute that was the other guy.

Yeah. Everybody is Bush this and Obama that. The "ism" people always have the exagerated view of their own big-kahuna and the enemy one. When people vote - and talk - about the-big-kahuna it's really the entire Party that's involved. Lots of very Smart Amoral Scum-bags lurking in party doing anything it takes to keep the powers that be - their owns - happy.

ResistanceIsFeudal wrote:

Yep... and the originator of a paradigm often has to be sacrificed (or at least discredited after he later repudiates it or acknowledges its limitations) for the sake of the paradigm and its school of disciples

Note: That was supposed to read "Stirring" up trouble, but I think y'all got it-

anybody who talks or advocates revolution is not only a fool they are a traitor

how the hell do have have order peace and freedom if every time a group gets angry to the limit they decide to get violent
just as important

nobody has a right to go violent if they haven't run for congress, doorbelled their neighborhood and used all manner of nonviolent resistance

next year we elect 435 congress men and woman

how many of you are running?

noob, where can I locate these jobs?

We're talking bout Mericans here. talk talk talk....

You mean like this? (around 4:15 or so)

Barley wrote:

Illinois State Comptroller Dan Hynes Says State Finances A Mounting Crisis, Things Getting Worse - cbs2chicago.com

Fallout from bet made on getting the 2016 games?

Barley wrote:

Illinois State Comptroller Dan Hynes Says State Finances A Mounting Crisis, Things Getting Worse - cbs2chicago.com

Oooh oooh ooh, I know this one: they deal with the crisis by giving their employees furloughs and paying vendors in IOUs.

What do I win?


Bob Dobbs (homepage, profile) wrote (in reply to...) on Wed, 10/7/2009 - 1:52 pm

It doesn't help that guys like these don't understand constitutional gov't. That if you let "your guy" have the power, the next guy has it, too -- and he may not be yours. That's part of the reason for the chest-beating; now that their guy's out, the fedgov is way too intrusive in peoples' lives.

The use of double standards is an essential and time-tested tactic of human political behavior, unfortunately. We'll accept all manner of travesties and screwups under "our" Alpha, but put another not our favorite into power and... don't look, Ethel! (or ethic)

"Yep... and the originator of a paradigm often has to be sacrificed (or at least discredited after he later repudiates it or acknowledges its limitations) for the sake of the paradigm and its school of disciples"

You don't want to be either a true-believer or someone who can't keep their mouth shut when a revolution is brewing. My mother-in-law bless her heart sometimes doesn't know when to keep quiet. She ended up spending 10 years in the Urumxi region of China back in the 70s/80s. A real backwater region back then that no-one wanted to be posted to. Back then your job was wherever the Party said it was in China.

mock turtle wrote:

next year we elect 435 congress men and woman
how many of you are running?

Like somebody famous in the early 20th century said - when asked if he was going to run for the senate after retiring, said: "Why run for the senate when you can own a senator".

Well thanks for all the inputs and opinions. Nice to see people can still be stirred, we aren't all emotionally dead yet, which I would say is a good sign. As others have mentioned...I think the key to this whole mess is that people will have to be increasing kept entertained and distracted in order for modern society to work. Who cares if we can't go outside or if big brother is watching what we watch, as long as we are entertained. I don't think we will see very many multiple volumes of history or philosophy penned by one man in the future. Wikipedia is the model of our future...

noob - CA did this one already so we need some alternative creative finance!

nova: I had no idea of that about bacon...it was news to me

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