I have posted another episode of the Optimistic Bear economic round-table podcasts.
This week I talk with Jeremy about growing problems with reverse mortgages, and how to make head or tails of the inflation/deflation debate when each side claims the Federal Reserve is doing different things with the money supply. We also talk discuss about the societal, and career, pressures to just “play along” that many people faced during the bubble years.
Seperately, I have also posted two podcasts in my “Anatomy of a job search” series, where I interview fellow job-seekers about their search strategy and brainstorm ways to improve their effectiveness.
Having the new job oppenings below the "layoffs, discharges, and other" has to be a really bad sign.
I noticed the job opening and hires came close to merging during the bubble. That implies brisk hiring. I also see that with the last ression and 'jobless recovery' they diverge. I wish this great data set went back further... it will be very informative in the future.
CR, I tend of think of America in general as the gymnasium you're talking about: "Once you're in, you can't leave". Recruiters here in the Middle East won't talk to you unless you reside in the Middle East, even if you're left with significant local experience. People here are hanging on to jobs just to hang around for the eventual recovery, afraid of being trapped in the US or Europe and long-term jobless.
It took Jimmy Carter how long to get a peace prize for actually doing something?.....
If what O's done is all it takes then we should all be getting applications in the mail soon.
@ MS -- Maybe there's a new form of "redlining" going on in your area. If you are in one of the "ground zero" areas of Cali or Florida, maybe banks don't want to lend there at all, so it has nothing to do with your creditworthiness. Just a thought.
All of the unemployed people in the country are gathered in a huge gymnasium that’s been turned into a job search center.
Sounds like herding cattle with less and less chance for
could be.....I've grown tired of it all though..it's as if my mortgage payment subsidizes all the people who just couldn't figure out anything after the monthly payment. The problem sort of just appeared like a weed when it was ok for most of the last year-speaking to the lack of people paying. I spend alot of time in my 'hood since I work out of the house and I talk to everyone so I do know who pays and who doesn't. Since most people here know what I do for a living I have become some sort of expert (not willingly) on the mortgage "issues". It's actually very sad as it would require some of these people to actually get information from somewhere other than "Katy" at 6pm.
On its face, this award is a colossal joke, but the committee is attempting to steer the President's policies going forward on issues like Afghanistan, Iran, and global warming. This was the same reason Arafat was rewarded the prize- they were attempting to steer him into a grand agreement with the Israelis, but the plan just didn't work- Arafat couldn't give a rat's ass what the committee thought of him.
The problem with this prize is that it opens Obama to ridicule, and it clearly opens the prize itself to further ridicule. If I were in Obama's shoes, I would decline the prize graciously but firmly. They did him no favors.
1) When the NFP # came out hours worked/week dropped back to record low of 33.0. Many firms will be giving current workers more hours rather than hiring new workers when business picks up.
2) How many companies used 2009 as a good excuse to RIF high wage employees and replace them with workers willing to work for lower wages?
Although I am no fan of Arafat....he was actually working on something that was a bit important. I just can't come up with anything that could be remotely close to something that he's done to deserve this. Most likely a case of the former occupant being so piss-poor at communicating and dictating anything resembling a credible policy that they have now applied the same principle and requirements of getting a loan circa 2001-2007.
He can speak and fog a mirror at the same time......give that man a Nobel Peace Prize.
I think the ratio of Job Openings:Hires, and Layoffs:Quits might be the most relevant measures. The first one will indicate how often companies have to go to 'the market' to get employees, indicating competition. Right now many people know someone unemployed they could recommend first. Similarly the ratio of layoffs:quits should indicate a relative willingness to search for a new job.
What the ??? I wake up and the President gets the Nobel Peace Prize and Rep. Frank is saying making bad loans is good policy. It's a world gone crazy...
do do DO do, do do DO do.
Rose Thorn turns off the alarm on the clock radio. Is it true that O has gotten the Nobel Prize and a US senator said bad loans are good policy?
You are about to enter another dimension. A dimension not only of sight and sound, but of mind. A journey into a wondrous land of imagination. Next stop, the Twilight Zone!
It may have been a "fuck you" reward, but the problem is that too many people are going make fun of Obama for receiving this for doing absolutely nothing. Even a lot of his political supporters recognize that this award is completely unjustified on the merits. It will also make it more difficult to do things like winding down the war in Afghanistan or not attacking Iran.
black dog
I know of a company that chose to handle the slack in demand by letting people go on vacation over the summer. Normally would have brought more people in. Don't know what happened when everyone was back at work at the same time, but probably a reduction in hours as they hadn't fired anyone to that point but let people leave without hiring replacements.
I'd posted this in an early comment thread, but it looks like everyone's abandoned ship over there, so copy/paste-ism:
I'm confused on one point. I've been lurking here for a few days, and have a background in Micro-Economics (but not Macro), so please be gentle...
Is the concensus here that buying physical gold is a good move at this point? I know the prices are sitting awfully high, but there's the argument of impending inflation from more money being printed, vs credit "markets" receeding. For some reason I'm having difficulty wrapping my brain around it. I was just about to transition from having 100% of my liquid, short-term savings in cash to having somewhere between 25-30% in gold coins/bullion. I've read comments that appeared to mock that concept, and I'm curious as to why that might be.
Again, sorry for the newb-ish question. Once you start talking credit and money-that-doesn't-exist-but-somehow-matters, I don't really know what to make of it. I think it has an absolutely-inverse relationship to equity, but dang it makes my brain hurt.
@ MS -- this is none of my business, but the logic of the situation is puzzling me. Why would you take out a LOC for 5k if you already have 15k cash in the bank? I have a mental block about debt, I guess).
"Rose Thorn turns off the alarm on the clock radio. Is it true that O has gotten the Nobel Prize and a US senator said bad loans are good policy?
You are about to enter another dimension. A dimension not only of sight and sound, but of mind. A journey into a wondrous land of imagination. Next stop, the Twilight Zone! "
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Oooh oohh, I've been on that ride! And if I remember correctly, that language is rapidly followed by a plunge down the elevator shaft. Nice metaphor!
too many people are going make fun of Obama for receiving this for doing absolutely nothing
Which is why he SHOULD turn it down. Turn the award into one of them: "Awww, shucks.... (Look at shoes, shift back and forth) I don't (entirely) deserve this glorious award. (insert 10000 words of hopium here) ... for a better future for all mankind. Thank you."
I just gave the Fu$K you reward to one of my banks that tried to start charging 10$ per month if i did not opt out of paper statements by closing my account. I guess they get the last word in,l forfeit the last 9 days of interest (big deal at 1.1%) but damn it felt good to bitch at them.
Dude, we're there. And we have been there since roughly 2001.
In related news, Snickers Bars have been certified organic and are recommended as part of healthy diet. And the new Surgeon General nominee is Ronald McDonald. Diabetes has been declared a figment of everyone's imagination. Persons weighing less than 300 lbs are now considered underweight.
"In related news, Snickers Bars have been certified organic and are recommended as part of healthy diet. And the new Surgeon General nominee is Ronald McDonald. Diabetes has been declared a figment of everyone's imagination. Persons weighing less than 300 lbs are now considered underweight."
You forgot working at McDonalds is a manufacturing job. You're building hamburgers.
Agree with steelhead. The F**k you is pretty much enough for me to give it to O.
Naaa. It's way too embarrassing. The peace prize should only be given for spectacularly failed idealism. He hasn't tried hard enough yet. You can only achieve spectacularity after years and years of failure. The Faux News like people will have a field day with this. But, he COULD use the award to get world-pees-points and then give it (the award) back.
If you’re inside, you will have a hard time getting out...
Some of us will never get out except through the backdoor when we are escorted to the parking lot.
Over 45 = parking lot
Fat = parking lot
Ugly = probably the parking lot
Too young = Job, an introduction to "How to be used 101"
Wrong skill set i.e. Saturn line worker = parking lot.
A gym is fitting because, just like high school, there is only so many openings for kewl kidz with jObs
Tax payments and an exercise in the actual mechanics of using "all the available credit out there". I started small simply because I knew what the result would be. Defaulting on a LOC when you have actual money in the bank is not something I would advocate..... but that amount is slowly trickling out in small withdrawals. I've already closed the two SEP IRA's I had.......not because I need it..it's because I firmly believe that when I do it simply will be "unavailable". Now All I'm doing is being prepared....the worst thing that can happen is that I simply go and put it back.
Try thinking of it this way: All of the unemployed people in the country are gathered in a huge gymnasium that’s been turned into a job search center.
Try to think of it this way: All of the unemployed people in the country are on the fast track to LOSER status. GET A JOB YOU LAZY BUMS! I DON'T GET NO WELFARE, I WORK FOR A LIVING!
I'll go one step further. Anyone that doesn't have a job by the end of the day will get pink slips from life. We are hiring about 10,000 people to carry out the distribution of the pink slips. GO!
think of it this way.....why part with hard cash (of your own) to pay the IRS. You've bought things on credit.....I'll pay tax on credit ANYDAY over parting with capital.
Nice: "Financial terms were not disclosed, although a person briefed on the deal said the sale price was around $150 million. GM said in its bankruptcy filing last summer that the iconic brand could bring in $500 million or more."
It was a translation error from the Swedish. The award was for Michelle's White House vegetable garden and it was for "Whirled Peas."
Boy sure sounds like a lot of JBC's [jealous bitter conservatives] out there today... well don't worry -- it will all balance out just fine when Madam Palin wins the the Noble Piece Prize. Any day now...
For the unemployed, here's a stay at home job. But you must be lucky to catch the criminal. Security industry is a growing field for employment. Great Britain is very much blanketed by video cams, but why not here in the US of GS-
For the unemployed, here's a stay at home job. But you must be lucky to catch the criminal. Security industry is a growing field for employment. Great Britain is very much blanketed by video cams, but why not here in the US of GS
Reminds me that Orwell was British...
From the link - stuff you gotta be on the lookout for:
* Shop lifting
* Burglary
* Vandalism
* Anti social behaviour
Love the last one... that would be like half the US right?
"Unfortunately they were extremely drunk, and you know it cannot have been a good night when you get into a fight with Spiderman and two cross-dressing men," Mr Davies said.
LOL - especially when you get your 'arse kicked'...
BelieverJeff, quits are actually way down - and I suspect most quits these days already have a new job lined up.
Many companies prefer to hire employed people (there is a strong bias) - and that is why people always say it is easier to find a job when you have a job. Quits just measures this turnover ...
Its about a girl who caught Ryan Howard's 200th home run ball and subsequently had it stolen from her by the Phillies. Long story short, it took the threat of legal action before the ball was returned (assuming its the same ball). Contrast that with Roger Maris's 61st home run from 47 years ago (a true sports treasure):
'When Salvatore Durante snagged Roger Maris' 61st home-run ball -- the one that broke Babe Ruth's single season home-run record in 1961 -- his life changed forever.
Durante offered to give it to Maris, but the Yankees slugger declined. "He said: 'Keep the baseball and try to make some money with it,'" Durante once told the Baltimore Sun. He sold it for $5,000 -- what amounted to a year-and-a-half's salary for Durante.'
How far we have fallen, and the cliff diving continues.........
Barack Obama won the Nobel Prize for peace today, beating out second-rate contenders like Mahatma Gandhi and the Dalai Lama with the stunning achievements he made towards world peace before the award cutoff date of Feb 4th, 2009, less than a month after taking office.
In other news, Offer "Vince" Schlomi, inventor of the Sham Wow, won the 2009 Nobel Prize for Physics, and David Lereah, former economist of the National Association of Realtors and author of "Why the Real Estate Boom Will Not Bust" won the 2009 Nobel Prize for Literature. Well-placed sources have told us the announcement of Bernard Madoff as winner of the 2009 Nobel Prize for Economics will be made tomorrow.
Premature? Are you suggesting O really is Bush in disguise? Wait a minute... considering Afghanistan, bail outs, etc... maybe somebody better check.
BTW - the 'JBC' thing was just a 'quick drive by'... I actually agree that it was a VERY odd choice. I can only attribute it to Bush Relief. No other answer I can think of.
But, but ... the political party I have chosen to affiliate with now, in the present day, campaigned against teh Carter with an entirely different slate of candidates on totally different issues way back in 1976, so I really must view EVERYTHING ever done by teh Carter as BAD. Even though I really don't recall 1976 very well.
At least, I think that is how this stuff works. I guess it's kind of like how the subprime melt-down and collapse of Lehman Bros was all Reagan's fault, if you just squint a little and look at it from the correct angle, and stuff.
I've only hiked two on that list - Angels Landing and John Muir Trail (a complete through hike once), although I've hiked some in the Tetons, I'd suggest the Tonto trail in the Grand Canyon and the Kalalau Trail on Kauai as good candidates to be included for U.S. trails.
Many companies prefer to hire employed people (there is a strong bias) - and that is why people always say it is easier to find a job when you have a job.
Banks prefer to loan to people who already have money.
A requisite of a discussion is opposing sides of similar competence. Calling the religious ignorance, to be polite, displayed yesterday a discussion is like calling cursing "making an argument."
In case it went unnoticed here the Nobel prize for peace is awarded in Oslo, not Stockholm. I know, I am probably being a little unnecessarily detail oriented . ..
Also, there is no Nobel for mathematics. I agree that the Mortgage Pig wins the Nobel prize for literature. Poetry.
it was the logical conclusion of the securitization that began in his first term and that is rightly associated with the business culture he promoted (or at least served as an icon of). so, yeah, it kind of was.
Has someone already posted a link to this article from the Boston Globe? Title troubles leave some foreclosure sales in limbo - The Boston Globe According to the article, a decision by an MA court, that seems to have voided two foreclosures because of lack of proof of ownership (what lender owns the mortgage), could really slow things down as lenders/investors have to actually (gasp) figure out who owns what.
azurite - can't tell from the article if this was a MERS issue, or just a case where mortgage assignments were not prepared and filed until after the foreclosure action was implemented. Does anyone know?
"Many lenders believed they could complete foreclosure transactions and later produce formal proof they held the mortgage.
That changed in March when Justice Keith C. Long of Massachusetts Land Court found that two foreclosures were invalid because ownership of the mortgages was not clear at the time of the foreclosures."
"His decision builds on a growing national movement among housing advocates, courts, and some lawmakers to push lenders dealing with foreclosed properties to produce accurate documentation before deals are consummated."
I don't think this is really too much to ask...produce accurate documentation.
"Appears they thought they could fix things later."
Maybe - I was wondering, though if the mortgage was recorded in the name of the original lender, with MERS as nominee, and the judge was saying that the assignment to the current mortgage holder had to be recorded before the foreclosure was commenced - if this is the case, huge title headaches on previously foreclosed properties where they filed the paperwork later. Easy fix going forward, but major messed up titles going back.
Wells high on sticky brown hopium:
Wells Sees 60-70% Loss Severity in Option-ARMs : HousingWire || financial news for the mortgage market
As CR says...I'll take the over.
Thanks for the link. Exceprt:
“Our analysis suggests that option ARM loss severity will likely range between 60% and 70% provided home prices have stabilized.”
...
“Overall, our forecast implies a total of 7.2 million foreclosure units by 2014,” researchers wrote.
can't tell from the article if this was a MERS issue, or just a case where mortgage assignments were not prepared and filed until after the foreclosure action was implemented. Does anyone know?
Looks like the latter to me. Here's another article on the case:
My suspicion is that this will be overturned and the attorney authoring the post is pretty succinct about why:
Also of significance was that Judge Long rejected a customary Massachusetts conveyancing standard which provides that recording out of order assignment documents does not create a title defect. I think Judge Long got it wrong as he elevated form over substance and didn’t give enough credence to the legal principle that the note follows the mortgage, but hey, I’m just a lowly attorney.
I think the 7 million estimate is probably high (that is HUGE), but there is definitely a large shadow inventory for the existing home market - so keep that in mind when looking at the following graphs:
with added follow-up from the comments:
there are several reasons why 7 million seems high. First, their method would have predicted 1.2 million in 2005 (yet few people lost their homes then). Second, I think the mods will be a little more successful than the historical numbers (because the government is chipping in). Third, I think the approach used a little too much private label data - and as we all know, the GSEs had better performing loans.
I think the analysis is important - and I think the overhang is huge - but I think it is probably high.
*can't tell from the article if this was a MERS issue, or just a case where mortgage assignments were not prepared and filed until after the foreclosure action was implemented.
*
Terry, here's a link to a MA realestate law blog that discusses the decision in greater detail. The discussion suggests (to me, anyway, I'm not admitted in MA, done very little RE work) that it's not a MER issue, but read it & see what you think.
Oops, should've reviewed the comments before I posted again, the link's already been posted. Sorry for redundancy.
Thanks to a helpful report from Terry, I think I've fixed the problem people were experiencing in IE with edit and reply. Let me know if you see this again.
"to be fair why not jettison the whole current title system and make everything electronic. "
That would be the best way to go, but the states and a bizzion county recorders/clerks don't want to spend the money to do so. They set up MERS to be an overlay on the parchment recording systems.
The Nobel is perhaps a way of persuading the POTUS not to go ahead with an attack on Iran, because is would seem strange to accept the prize and then launch an attack, and even stranger to launch it before the acceptance speech
A U.S. intelligence assessment presented to U.S. President Barack Obama indicates the number of Taliban-led fighters in Afghanistan has grown from 7,000 in 2006 to 25,000 at the present, Reuters reported Oct. 9, citing unnamed White House officials. Not all of the 25,000 militants are hard-core Taliban loyalists, the officials said, and it is believed that those less committed to fighting U.S. and NATO troops can be split off from the Taliban, weakening their insurgency."
Gott in Himmel! OK, according to this morning's Washingto9n Post the aim now is to accept the Tal. as part of the scene in Afghanistan and work with the less radical elements of it.
President Obama today joined an elite group of U.S. presidents when he won the Nobel Peace Prize. Unlike his predecessors, Obama was chosen not for substantive accomplishments, but for inspiring "hope" at the start of his term.
The Nobel is perhaps a way of persuading the POTUS not to go ahead with an attack on Iran, because is would seem strange to accept the prize and then launch an attack, and even stranger to launch it before the acceptance speech
I already posted this once before, but it's even more appropriate here:
"You have more faith in the constancy of the power supply then I do."
Seriously, I recall seeing stories after the hurricane that all paper records (birth/death/criminal/land) in some MS and LA counties were destroyed - what ever happened?
Gott in Himmel! OK, according to this morning's Washingto9n Post the aim now is to accept the Tal. as part of the scene in Afghanistan and work with the less radical elements of it.
So maybe they had a little reality with their hopium? About time somebody did.
Gott in Himmel! OK, according to this morning's Washingto9n Post the aim now is to accept the Tal. as part of the scene in Afghanistan and work with the less radical elements of it.
I said it here before a few weeks ago, but I believe that anyone who thinks the President is irresolute and can be poked indefinitely is adopting a risky point of view. Safer to think of him as careful, not rash...
Wasn't the story yesterday that the Thai's, Koreans, et al were intervening on the dollar's behalf? Actually, that'd be on their behalf, but the result is the same-
My exclamation had to do with the estimate of the number of Taliban. In a country like Afghanistan if the effectives number 25,000, it's a rather large number. Add supportive elements in country, and farther east.
South African archbishop Desmond Tutu, who won the prize in 1984 for his long battle for a non-violent end to South Africa's apartheid system of racial segregation,
South Africa didn't end apartheid until the mid-1990s. As the committee said today, the prize is sometimes for leadership that has not yet been fulfilled by major accomplishment. Tutu got his award 10-12 years before apartheid ended. Anyone think Tutu's award didn't help him move the country and world toward democracy?
Wasn't the story yesterday that the Thai's, Koreans, et al were intervening on the dollar's behalf? Actually, that'd be on their behalf, but the result is the same-
If you're out drinking and your buddy gets into a fight, you'll back him up.
Of course, if he always gets into a fight, eventually you just stop taking him to parties.
South Africa didn't end apartheid until the mid-1990s. As the committee said today, the prize is sometimes for leadership that has not yet been fulfilled by major accomplishment. Tutu got his award 10-12 years before apartheid ended. Anyone think Tutu's award didn't help him move the country and world toward democracy?
I'm pretty generous with compliments, but even I'm not ready to put Obama on the same level as Tutu yet.
"to be fair why not jettison the whole current title system and make everything electronic."
This is also why I have serious reservations about the health e-records efforts of the administration. I have little faith they will get it right, plus how much paper archival data do you put into the system?
Tutu got his award 10-12 years before apartheid ended. Anyone think Tutu's award didn't help him move the country and world toward democracy?
Yeah, I agree. But this guy also spent time in jail being tortured (by our VERY good allies at the time - remember how pissed off "conservatives" were about "those liberals" supporting the end of apartheid?, anywho). I don't see exactly what equivalent crusade the Big O is going to accomplish. Health-care for our oppressed (but highly pissed off at being helped) peasants? Bailing out banksters? Naaa, still a VERY weak pick.
the market is acting similar to July 13th, op ex is thursday/friday...scary part is its the same setup as the 87 crash, opex week before and then monday the 19th
DETROIT: Hummer, the off-road vehicle that once was a symbol of America's love for hulking trucks, is now in the hands of a Chinese heavy
equipment maker.
General Motors Co. and Sichuan Tengzhong Heavy Industrial Machinery Corp. finally signed the much-anticipated deal to sell the brand on Friday, according to a joint statement issued by both companies.
Tengzhong will get an 80 percent stake in the company, while Hong Kong investor Suolang Duoji, who indirectly owns a big stake in Tengzhong through an investment company called Sichuan Huatong Investment Holding Co., will get 20 percent.
He also is the controlling shareholder and chairman of Lumena Resources Corp., a Hong Kong listed mining company.
Financial terms were not disclosed, although a person briefed on the deal said the sale price was around $150 million. GM said in its bankruptcy filing last summer that the iconic brand could bring in $500 million or more.
The person did not want to be identified because the terms were being kept private.
The investors also will get Hummer's nationwide dealer network. GM and Tengzhong said in a statement that the transaction still must be approved by U.S. and Chinese regulators.
I think they're looking out for their own interests more than ours. A weak dollar is not good for their export driven economies.
Well, they could go and talk down their own currency or release some less than flattering statistics and have a similar effect, no? Or maybe it's a combined approach...
I agree with your points here also. The potential for fraud and accidental destruction of records means I'm not really ready to have mortgages just be magnetic charges or photons somewhere.
The potential for fraud and accidental destruction of records means I'm not really ready to have mortgages just be magnetic charges or photons somewhere.
"Oh good. I was worried for a second that we where being watched...."
There were people in the old days who claimed never to worry about it. I once sent a letter to my Moscow landlady in November and it wasn't delivered until the following March. Makes you wonder, eh?
Well, they could go and talk down their own currency or release some less than flattering statistics and have a similar effect, no? Or maybe it's a combined approach...
I think they're one in the same. BTW, they don't "talk down" their currency; they "print" more, and then use that buy dollars. I believe it's just a supply and demand thing, but with currency, not goods.
"The potential for fraud and accidental destruction"
Rosethorn - the risks of fraud are much higher for parchment records. As for accidental destruction, when there is only one paper original, the risks are much higher. Not to say electronic records are perfect, but in high volume applications, like checks, stocks and, yes, mortgage securitizations, they are a better way to go.
it's too early to know, but I would think this forex intervention is the real deal. they simply couldn't wait much longer.
USD up, stocks up, treasuries down
a mix of unwinds? short USD-long treasuries? the balance going into equities and commodities, which would imply foreign financial markets or cb reserves are being depleted of capital
O should say thank you so much, I really appreciate it. . . and divide the money up among the next 3 or
4 others on the short list, saying how deserving they are.
"The potential for fraud and accidental destruction"
Rosethorn - the risks of fraud are much higher for parchment records. As for accidental destruction, when there is only one paper original, the risks are much higher. Not to say electronic records are perfect, but in high volume applications, like checks, stocks and, yes, mortgage securitizations, they are a better way to go.
I don't believe there's a way for a hacker located in China, India, or the Ukraine to "hack" into our parchment database and delete it.
The doomers here seem to think that economic and social apocalypse is assured. Speaking of worrying, unless anxiety is a favorite pastime it's perhaps better not to worry. It is what is it, it will be what it will be, and in the meanwhile there's today to live in, and through.
"they're pick two character that "sound" like Hummer.
They (me) picked two characters that "sound" like Hummer. Just for starters. I'm sure their marketing department will come up with something too. "
My wife has a hard time understanding Mandarin on TV sometimes now as there are so many new words based on the above. Phonetic Mandarin I believe she called it. Same thing when we were in Beijing, very hard for her to understand the advertisements as they didn't make any sense based on proper Mandarin.
I don't see exactly what equivalent crusade the Big O is going to accomplish.
Text of Nobel Annnouncement: The Norwegian Nobel Committee has decided that the Nobel Peace Prize for 2009 is to be awarded to President Barack Obama for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples. The Committee has attached special importance to Obama's vision of and work for a world without nuclear weapons.
Obama has as President created a new climate in international politics. Multilateral diplomacy has regained a central position, with emphasis on the role that the United Nations and other international institutions can play. Dialogue and negotiations are preferred as instruments for resolving even the most difficult international conflicts. The vision of a world free from nuclear arms has powerfully stimulated disarmament and arms control negotiations. Thanks to Obama's initiative, the USA is now playing a more constructive role in meeting the great climatic challenges the world is confronting. Democracy and human rights are to be strengthened.
Only very rarely has a person to the same extent as Obama captured the world's attention and given its people hope for a better future. His diplomacy is founded in the concept that those who are to lead the world must do so on the basis of values and attitudes that are shared by the majority of the world's population.
For 108 years, the Norwegian Nobel Committee has sought to stimulate precisely that international policy and those attitudes for which Obama is now the world's leading spokesman. The Committee endorses Obama's appeal that "Now is the time for all of us to take our share of responsibility for a global response to global challenges."
The unanimous Nobel Commitee seems very clear what they hope Obama to accomplish. It is their award to give, and I suspect they are quite proud that their choice offers good prospect of being fulfulled at least in part.
"FWIW, the expression for excrement is "Big Convenience" in Chinese. There is no word for $#!t. "
There is in Cantonese (: I'll have to ask my wife about Mandarin. Or better yet do something really stupid (very easy for me) and listen closely to her reply.
FWIW, the expression for excrement is "Big Convenience" in Chinese. There is no word for $#!t.
They obviously haven't had the McDonald's franchise for very long, because there's nothing convenient about being stuck halfway down an airport terminal 500 feet from the nearest bathroom when the inevitable colon spasm from a Big Mac meal hits.
Correct - a hurricane, tornado or fire will do just fine.
Sure; that'd be a problem without electronic backups. Additionally, if it's really important to keep records, there are secure warehouses that are nearly impervious to most of the above. On the hand, if you 'choose' to store your records below sea level in New Orleans' 9th Ward, well.....I'm really not sure what to say. It's also worth noting that the situations above also affect server farms.
"They obviously haven't had the McDonald's franchise for very long, because there's nothing convenient about being stuck halfway down an airport terminal 500 feet from the nearest bathroom when the inevitable colon spasm from a Big Mac meal hits."
I get colon constriction. Now Taco Hell?!? I need a set-belt in the bathroom after one of those meals.
Friday, October 9, 2009, 9:49am PDT
Washington state retail sales drop sets record
Puget Sound Business Journal (Seattle)
In the second quarter of 2009, Washington state taxable retail sales dropped 14 percent compared with the same time a year earlier; a quarterly decline so large that state officials said it set a new record.
Sales fell to $25 billion in the latest April-to-June quarter.
there is a Federal case written by Judge Royko (Boyco?) from a year or 2 ago which gave
the Plaintiffs time to round up assignments, (or back date them!!), and the lenders didn't do
it and the case got dismissed.
They obviously haven't had the McDonald's franchise for very long, because there's nothing convenient about being stuck halfway down an airport terminal 500 feet from the nearest bathroom when the inevitable colon spasm from a Big Mac meal hits.
Sure they have! Why do you think their eyes are so squinty?
Re: FWIW, the expression for excrement is "Big Convenience" in Chinese. There is no word for $#!t.
Males must have a real difficult time at soccer games over there. How do the fans communicate with their players: YOU BIG CONVIENIECE HOW DID YOU MISS THAT GOAL!
Well, they have a word for Big D!ick now. It's Big Hummer.
The doomers here seem to think that economic and social apocalypse is assured. Speaking of worrying, unless anxiety is a favorite pastime it's perhaps better not to worry. It is what is it, it will be what it will be, and in the meanwhile there's today to live in, and through.
I call it millennial thinking; come the millennia the apocalypse will sweep away all the evildoers and only the righteous will remain. With "righteous" being defined as whatever your point of view is. People tend to think this way when they're unhappy with society's direction and don't know what to do about it. They assume that society's wrongness will bring it down (always true eventually) and in their growing impatience begin to interpret every world development in the context of its sign-of-the-endness.
I don't see a whole lot of it here; but it's easy to slip into, and hard to slip out of.
"It's also worth noting that the situations above also affect server farms."
How true Cinco - I remeber helping a client with a build out of a data center about ten years ago for card transaction processing and they did not want to build a secondary data center for back-up, but still wanted 6 nines availability, so they built a concrete vault contained inside another building, with a concrete "moat" surrounding the building, and grid, diesel, flywheel, and fuel cells for power.
I get colon constriction. Now Taco Hell?!? I need a set-belt in the bathroom after one of those meals.
[cracks knuckles]
This is fast turning into the thread I have long anticipated. We are all witness to the epitome of Internet discourse: our very first poop thread on CR.
BremNorthwest
You don't understand. The less taxes paid, the more it's like a big tax cut. They're bound to spend all that saved up money any moment now. That's how we'll get a V-shaped or better recovery. Why limit the forecasts to 6% gdp growth, why not 10 or 12%. At least that's what the ECRI has been declaring
How do the fans communicate with their players: YOU BIG CONVIENIECE HOW DID YOU MISS THAT GOAL!
You seem to be under the misapprehension that they actually speak English under a veneer of Chinese words and characters. Their sentence structure and grammar is substantially different than ours.
You seem to be under the misapprehension that they actually speak English under a veneer of Chinese words and characters.
Yeah, I keep getting in trouble for that during French lessons as well. Speaking English phrases using French words is not the same as speaking French, apparently.
Terry, you took the words right out of my mouth Internet shopping too, just not amazon or the like). How good is that to have zero income tax, and be able to shop w/o paying sales tax either.
No, not even close. A Godwin reference to Hitler is a result of the pure anger that arises when one is unable to reach the inevitable conclusion to a similarly confrontational real-life conversation: the fist fight.
A poop thread emerges when the anonymity of the Internet breaches the final walls of socially-acceptable real-life discourse and drops to the lowest common denominator.
A poop thread emerges when the anonymity of the Internet breaches the final walls of socially-acceptable real-life discourse and drops to the lowest common denominator.
You don't talk about poop with your real-life friends?
Seriously, I recall seeing stories after the hurricane that all paper records (birth/death/criminal/land) in some MS and LA counties were destroyed - what ever happened?
I think some attorneys quit. Also: attorneys put notices in newspapers asking clients to contact them--to help reconstruct the files, they went through their offices & did their best to recover stuff. Just tracking down staff members wasn't easy sometimes. Some of the larger firms were ok and even some smaller firms, if they'd been paying to backup their stuff on an offsite server. I think the courts were allowing additional time for filing stuff. The Oregon OAAP (Oregon Attorney Assistance Program) went down to NO to offer some assistance (counseling, assistance in re-setting up offices, etc.) and recorded a kind of seminar or program they put on down there for attorneys on getting their practices going again. They recorded the program & made parts of it into a CLE for OR attorneys--an "it could happen to you, here's what you can do to prepare" thing.
The inside of the great pyramid (or parts of it) looks to me like the shell of a great
machine whose insides were taken out than a religious edifice. Very of
me, I kinow.
JOLTS report: Isn't there a big number missing in this report? There are about 2%-3% entering the labor force which means there are about 250,000 young people entering that gymnasium every month over and above the net loss of jobs!
Correct - a hurricane, tornado or fire will do just fine.
Or good old fashioned neglect & under staffing... "now where did they put those things... Gladys would have known but they RIFed her two lay offs ago..."
I took 2 years of Chinese, but it was in the early '80s, and was oriented towards the Mandarin spoken in Taiwan. The stars of the class were or course the Chinese-American kids, but there was one kid from Winnemucca, NV who was very good, and was invited to the Department Head's (the Dept. Head and his wife were from Taiwan) house for dinner one Sunday night. We'd learned that there was fancy Chinese food a and food that was made from leftovers (like fried rice) which was called Bien Fan or convenient food. Additionally, we had learned that the Chinese called the Great Wall of China the "Big Wall".
The Professor's wife cooked a nice meal, and Wan (the student's Chinese name) said it was "very good food", or hen hao fan. The professor's wife said, "no, it's just convenient food" (the Chinese are always polite, at least outside of Hong Kong). At this, Wan decided to ad lib and say "it was great convenient food", and of course, there was dead silence in the room, and the professor's wife had this look of shock and dismay! Afterward, the professor explained the situation, and on the following Monday, all of the Chinese classes were given a list of phrases that would be misconstrued if used. It was pretty funny, and I know that this correct because I always get a howl out of my Chinese co-workers when I tell this story
I believe this type of employment data supports my view that the job market is going to stay very weak for several more years, and this is going to cause the govt to continue to print money to "stimulate" the economy. And I think the markets are aware of this and hence that is why the dollar continues its decline and gold has broken out to new all-time highs. The gold price and gold mining stocks may be due for a short term pullback, but I still like them in the long run. I would like to point out Yamana Gold, which is one of my favorite gold mining companies. This week the company updated production guidance and came in ahead of many analysts' expectations. I read a good summary and analysis of their news release at http://www.goldalert.com/stories/Yamana-Gold-Announces-3rd-Quarter-Update, where it also mentions market speculation that the company may be looking for a suitor. I also read some interesting articles on gold mining companies, as well as a few good macro articles on the history of the Fed's policies of inflating our currency and the negative unintended consequences of such actions.
Thanks for that jturner. The micro and macro econ in the gold vs cash vs credit stuff has been kicking my rear. I really am trying hard to get a grasp on it, but someone pointing me in a direction to do better research is always more than welcome!
First. I guess broward is always contrary, whether on the up or down side.
Welcome to Systemically Chronic Unemployment.
I have posted another episode of the Optimistic Bear economic round-table podcasts.
This week I talk with Jeremy about growing problems with reverse mortgages, and how to make head or tails of the inflation/deflation debate when each side claims the Federal Reserve is doing different things with the money supply. We also talk discuss about the societal, and career, pressures to just “play along” that many people faced during the bubble years.
Seperately, I have also posted two podcasts in my “Anatomy of a job search” series, where I interview fellow job-seekers about their search strategy and brainstorm ways to improve their effectiveness.
got real ads now. didnt get
The good news: A remarkable number of unemployed continue to remain unfired, MoM and YoY.
/snarktastic
Comment by moved to vermont because from thread 'More on Problems at the FHA and Quote of the Day'
"Mutual economic.... destruction" MEDs. Nevermind....
was quits in green a shoot
blackhat wrote:
or SChrU (pronounced SKRU)
CR,
I just heard that The Mortgage Pig has won the Nobel Prize for Chemistry. Is this true?
Having the new job oppenings below the "layoffs, discharges, and other" has to be a really bad sign.
I noticed the job opening and hires came close to merging during the bubble. That implies brisk hiring. I also see that with the last ression and 'jobless recovery' they diverge. I wish this great data set went back further... it will be very informative in the future.
Got Popcorn?
Neil
Chart footnote: NB All job offers were made to Mr Broward Horne, of no fixed abode.
Mr Horne declined all offers and comments, for tax reasons.
C
CR, I tend of think of America in general as the gymnasium you're talking about: "Once you're in, you can't leave". Recruiters here in the Middle East won't talk to you unless you reside in the Middle East, even if you're left with significant local experience. People here are hanging on to jobs just to hang around for the eventual recovery, afraid of being trapped in the US or Europe and long-term jobless.
Yancey that was officially the funniest ever CR post.
On the anecdotal side, things have seemed to close up around here again. I have to get my two apps out for the week, and it's going to be a challenge.
Where's Sebastian when you really need him...
It's a V! Recovery "A Lot Stronger" Than Consensus, ECRI's Achuthan Says
Most folks still have jobs so what's the big deal, right? And making their mortgage payments too.
Besides the 'train has left the station - YAHOO!!!'...
[Snark No Snark?]
It took Jimmy Carter how long to get a peace prize for actually doing something?.....
If what O's done is all it takes then we should all be getting applications in the mail soon.
What a total farce...
Ciao
MS
Cinco-X wrote:
SChrU/E'd - yup that should be in the Glossary.
@ MS -- Maybe there's a new form of "redlining" going on in your area. If you are in one of the "ground zero" areas of Cali or Florida, maybe banks don't want to lend there at all, so it has nothing to do with your creditworthiness. Just a thought.
MS-
I just think this is all about keeping the heat on Obama to keep his international commitments.
And one more bodyslam to the Bush administration.
Yep, the whole bottom part of the state of Florida is redlined.
Yancey Ward, ahh ... I think the Mortgage Pig was nominated for Literature.
Neil, this is great data - and I agree that is too bad it doesn't go back further (like to the '70s).
best to all
could be.....I've grown tired of it all though..it's as if my mortgage payment subsidizes all the people who just couldn't figure out anything after the monthly payment. The problem sort of just appeared like a weed when it was ok for most of the last year-speaking to the lack of people paying. I spend alot of time in my 'hood since I work out of the house and I talk to everyone so I do know who pays and who doesn't. Since most people here know what I do for a living I have become some sort of expert (not willingly) on the mortgage "issues". It's actually very sad as it would require some of these people to actually get information from somewhere other than "Katy" at 6pm.
Ciao
MS
Indeed.
On its face, this award is a colossal joke, but the committee is attempting to steer the President's policies going forward on issues like Afghanistan, Iran, and global warming. This was the same reason Arafat was rewarded the prize- they were attempting to steer him into a grand agreement with the Israelis, but the plan just didn't work- Arafat couldn't give a rat's ass what the committee thought of him.
The problem with this prize is that it opens Obama to ridicule, and it clearly opens the prize itself to further ridicule. If I were in Obama's shoes, I would decline the prize graciously but firmly. They did him no favors.
"I would not be part of any club that would have me as a member."
-Groucho Marx
Giving O the award really says more about the award than about the man.
I said exactly the sme thing to my son this morning., Yauncey.
This could even start of war, depending on the reaction of the nutcases.
A couple of things.
1) When the NFP # came out hours worked/week dropped back to record low of 33.0. Many firms will be giving current workers more hours rather than hiring new workers when business picks up.
2) How many companies used 2009 as a good excuse to RIF high wage employees and replace them with workers willing to work for lower wages?
I disagree. The award to Obama is a giant f*ck you to Bush and Cheney and he would be an idiot to refuse it.
NPR said the audience gasped in what--amazement, shock, when it was
announced.
Although I am no fan of Arafat....he was actually working on something that was a bit important. I just can't come up with anything that could be remotely close to something that he's done to deserve this. Most likely a case of the former occupant being so piss-poor at communicating and dictating anything resembling a credible policy that they have now applied the same principle and requirements of getting a loan circa 2001-2007.
He can speak and fog a mirror at the same time......give that man a Nobel Peace Prize.
Ciao
MS
dryfly wrote:
Better mood now?
No, the Mortgage Pig should get it for mathematics.
Whoops... dollar carry trade suddenly in danger, let's all start piling back into the Yen carry trade!
I think the ratio of Job Openings:Hires, and Layoffs:Quits might be the most relevant measures. The first one will indicate how often companies have to go to 'the market' to get employees, indicating competition. Right now many people know someone unemployed they could recommend first. Similarly the ratio of layoffs:quits should indicate a relative willingness to search for a new job.
rosethorn wrote:
What the ??? I wake up and the President gets the Nobel Peace Prize and Rep. Frank is saying making bad loans is good policy. It's a world gone crazy...
do do DO do, do do DO do.
Rose Thorn turns off the alarm on the clock radio. Is it true that O has gotten the Nobel Prize and a US senator said bad loans are good policy?
You are about to enter another dimension. A dimension not only of sight and sound, but of mind. A journey into a wondrous land of imagination. Next stop, the Twilight Zone!
dryfly wrote:
Anybody know how to do that in the new format?
Cinco-X wrote:
I'm always in a better mood when I'm about to eat lunch...
Steelhead,
It may have been a "fuck you" reward, but the problem is that too many people are going make fun of Obama for receiving this for doing absolutely nothing. Even a lot of his political supporters recognize that this award is completely unjustified on the merits. It will also make it more difficult to do things like winding down the war in Afghanistan or not attacking Iran.
black dog
I know of a company that chose to handle the slack in demand by letting people go on vacation over the summer. Normally would have brought more people in. Don't know what happened when everyone was back at work at the same time, but probably a reduction in hours as they hadn't fired anyone to that point but let people leave without hiring replacements.
LMAO! I wish I had made this connection.
Yeah, found it odd that he got that award.
You can't really blame it ON Obama. Either way, he did nothing to make this happen, which makes it even more strange...
I'd posted this in an early comment thread, but it looks like everyone's abandoned ship over there, so copy/paste-ism:
I'm confused on one point. I've been lurking here for a few days, and have a background in Micro-Economics (but not Macro), so please be gentle...
Is the concensus here that buying physical gold is a good move at this point? I know the prices are sitting awfully high, but there's the argument of impending inflation from more money being printed, vs credit "markets" receeding. For some reason I'm having difficulty wrapping my brain around it. I was just about to transition from having 100% of my liquid, short-term savings in cash to having somewhere between 25-30% in gold coins/bullion. I've read comments that appeared to mock that concept, and I'm curious as to why that might be.
Again, sorry for the newb-ish question. Once you start talking credit and money-that-doesn't-exist-but-somehow-matters, I don't really know what to make of it. I think it has an absolutely-inverse relationship to equity, but dang it makes my brain hurt.
@ MS -- this is none of my business, but the logic of the situation is puzzling me. Why would you take out a LOC for 5k if you already have 15k cash in the bank? I have a mental block about debt, I guess).
EvilHenryPaulson wrote:
Government Motors?
"Rose Thorn turns off the alarm on the clock radio. Is it true that O has gotten the Nobel Prize and a US senator said bad loans are good policy?
You are about to enter another dimension. A dimension not only of sight and sound, but of mind. A journey into a wondrous land of imagination. Next stop, the Twilight Zone! "
-----------------------------------------------------------------------------------------------------------\
Oooh oohh, I've been on that ride! And if I remember correctly, that language is rapidly followed by a plunge down the elevator shaft. Nice metaphor!
Yancey Ward wrote:
Which is why he SHOULD turn it down. Turn the award into one of them: "Awww, shucks.... (Look at shoes, shift back and forth) I don't (entirely) deserve this glorious award. (insert 10000 words of hopium here) ... for a better future for all mankind. Thank you."
15 bp.
"It may have been a "fuck you" reward"
I just gave the Fu$K you reward to one of my banks that tried to start charging 10$ per month if i did not opt out of paper statements by closing my account. I guess they get the last word in,l forfeit the last 9 days of interest (big deal at 1.1%) but damn it felt good to bitch at them.
NOTaREALmerican wrote:
In all fairness to the administration, they did ask if it was April Fools Day-
Why would you take out a LOC for 5k if you already have 15k cash in the bank? I have a mental block about debt, I guess).
tax purposes, payment terms, cash still accessible..why not might be best ? since you can walk away from it...
I disagree. The award to Obama is a giant f*ck you to Bush and Cheney and he would be an idiot to refuse it
Agree with steelhead. The F**k you is pretty much enough for me to give it to O.
"Next stop, the Twilight Zone! "
Dude, we're there. And we have been there since roughly 2001.
In related news, Snickers Bars have been certified organic and are recommended as part of healthy diet. And the new Surgeon General nominee is Ronald McDonald. Diabetes has been declared a figment of everyone's imagination. Persons weighing less than 300 lbs are now considered underweight.
I am now officially more cynical than ever.
Cinco-X wrote:
Go to Toys>Glossary.
No, give this man an FHA mortgage.
scone wrote:
Scone,
I think MS is considering not paying his mortgage, and his rational might be to stick it just a little further to the bank-
Kcoop,
"Go to Toys>Glossary. "
And then what? I don't see a 'New' or 'Add' button...
kcoop wrote:
Been there; done that. I just can't seem to find the "ADD" button-
It's probably just me..
"In related news, Snickers Bars have been certified organic and are recommended as part of healthy diet. And the new Surgeon General nominee is Ronald McDonald. Diabetes has been declared a figment of everyone's imagination. Persons weighing less than 300 lbs are now considered underweight."
You forgot working at McDonalds is a manufacturing job. You're building hamburgers.
Which is worse - bankers or terrorists wrote:
Naaa. It's way too embarrassing. The peace prize should only be given for spectacularly failed idealism. He hasn't tried hard enough yet. You can only achieve spectacularity after years and years of failure. The Faux News like people will have a field day with this. But, he COULD use the award to get world-pees-points and then give it (the award) back.
sm_landlord
I used my elite hacking skills to find the link, Edit Glossary | Hoocoodanode?
The Committee drank the juice that was left behind.
poic wrote:
And the Student Loan INDUSTRY! Building Students.
I think MS is considering not paying his mortgage, and his rational might be to stick it just a little further to the bank- - C
That still doesn't make a lot of sense to me, if he thought he could stick it, why not go for much more in LOC?
EHP;
I can't find that linked anywhere. Maybe it's because I am on the new CSS.
I think the guy that invented the re-sealable double stuff oreo packages deserves a nobel prize.
sm_landlord wrote:
Oops. Let me check on that.
sm_landlord
It's not you, that link isn't anywhere to be found. As I said, elite hacking skills.
If you’re inside, you will have a hard time getting out...
Some of us will never get out except through the backdoor when we are escorted to the parking lot.
Over 45 = parking lot
Fat = parking lot
Ugly = probably the parking lot
Too young = Job, an introduction to "How to be used 101"
Wrong skill set i.e. Saturn line worker = parking lot.
A gym is fitting because, just like high school, there is only so many openings for kewl kidz with jObs
EvilHenryPaulson wrote:
You can all be elite now. Try refreshing your browser.
I had circumvented this page, I thought it was redundant. Didn't realize there was no add button on the list page.
"It's not you, that link isn't anywhere to be found. As I said, elite hacking skills. "
I'm going to add that to the tech support manual here.
"Advise user to employ elite hacking skills."
scone-
Tax payments and an exercise in the actual mechanics of using "all the available credit out there". I started small simply because I knew what the result would be. Defaulting on a LOC when you have actual money in the bank is not something I would advocate.....
but that amount is slowly trickling out in small withdrawals. I've already closed the two SEP IRA's I had.......not because I need it..it's because I firmly believe that when I do it simply will be "unavailable". Now All I'm doing is being prepared....the worst thing that can happen is that I simply go and put it back.
Ciao
MS
"Hacking" used to be a compliment. Or the noise a cat makes before the hairball spews out.... Well, off to the gym.
@ EHP -- I'm getting kinda interested in this stuff, reminds me of systems and information theory, which I'm more or less comfortable with:
information economics
@ MS -- thanks for explaining. I still don't get it, but never mind. I have a block about it. To me, credit =
= debt = 
and so on...
Wages Grow for Those With Jobs, New Figures Show
Try thinking of it this way: All of the unemployed people in the country are gathered in a huge gymnasium that’s been turned into a job search center.
Try to think of it this way: All of the unemployed people in the country are on the fast track to LOSER status. GET A JOB YOU LAZY BUMS! I DON'T GET NO WELFARE, I WORK FOR A LIVING!
I wonder if Obama would have lost it if he had to make a pich for it like the Olympics!
I'll go one step further. Anyone that doesn't have a job by the end of the day will get pink slips from life. We are hiring about 10,000 people to carry out the distribution of the pink slips. GO!
Lobbyist Ben Dover (profile) wrote on Fri, 10/9/2009 - 1:32 pm
I wonder if Obama would have lost it if he had to make a pich for it like the Olympics!
Perhaps a more profitable line of speculation, would his bid for the Olympics have succeeded if it took place now rather than before?
Active Investment Managers Declare Record "Lack Of Confidence" In Their Outlook | zero hedge
Any money left on the sidelines? Spare a little change for a rally?
Jeebus, what with all the wasted pixels about the Nobel prize and all, you guys got me pining for a religious discussion...
I just think it is sad that this has now become as important as American Idol.
scone-
think of it this way.....why part with hard cash (of your own) to pay the IRS. You've bought things on credit.....I'll pay tax on credit ANYDAY over parting with capital.
Ciao
MS
energyecon, in case you weren't around yesterday
ELSE
It was a translation error from the Swedish. The award was for Michelle's White House vegetable garden and it was for "Whirled Peas."
I feel bad for all the unemployed out there. But at least Barney Frank and the Fed are working hard to make housing unaffordable again.
EHP,
Thanks, I had missed that one.
LBD,
Like Larry says, I don't care who you are that was funny!
This just in: Hummer Sold To Chinese
Nice: "Financial terms were not disclosed, although a person briefed on the deal said the sale price was around $150 million. GM said in its bankruptcy filing last summer that the iconic brand could bring in $500 million or more."
Boy sure sounds like a lot of JBC's [jealous bitter conservatives] out there today... well don't worry -- it will all balance out just fine when Madam Palin wins the the Noble Piece Prize. Any day now...
Uncle Ar wrote:
We've still got our Chrysler HEMI dickmobiles, who needs Hummer. Only commie pansies drive Hummers anyway.
edit
For the unemployed, here's a stay at home job. But you must be lucky to catch the criminal. Security industry is a growing field for employment. Great Britain is very much blanketed by video cams, but why not here in the US of GS-
This page no longer exists
Anyone think the President might have got this over the concessions to Russia over the Missile Shield?
Why are there so many Quits in this economy?
MS wrote:
What.did.Jimmy.do?
Excuse.periods.I.spilled.drink.on.keyboard.and.now.have.nonfunctionin
g.space.bar
"I just think it is sad that this has now become as important as American Idol. "
Don't you mean it's sad that American Idol is now as important as the Nobel Peace Prize?
some humor to lighten up the nobel gig....
why you dont marry an italian girl
YouTube - GATILLASO
silvertoes wrote:
Reminds me that Orwell was British...
From the link - stuff you gotta be on the lookout for:
Love the last one... that would be like half the US right?
dry-
Not a conservative......my stance is nothing more than what did he do?
kid-
Google is a friend....try it.
Ciao
MS
CR- if you are reading- #1 hike Angel's Landing
poic (profile) wrote on Fri, 10/9/2009 - 1:51 pm
Don't you mean it's sad that American Idol is now as important as the Nobel Peace Prize?
What are you people still watching TV for? It passes the time down at the Shoney's?
In other news, it was revealed that Nancey Pelosi was awarded the title of Miss California.
"Barbara deserved it more than me, but I am humbled by my narrow victory", said Ms. Pelosi in an interview.
dryfly,
Here's some anti-social behaviour getting it's come uppance.
Cross Dressing Cage Fighter Video: Yobs Floored After Attacking Hard Men In Drag | UK News | Sky News
Vonbek777 wrote:
Nope. Got it for not being Bush. Seriously. That's how relieved 'the world' was to see that chapter closed. Nobels just made it formal. IMHO.
And JD-the John Muir Trail on the list too.
Hope we have some BFF action, this weekend is going to drag if this continues to be a major topic of conversation...just sayin'
Yancey Ward wrote:
The.elephant.in.the.room.is.named.Affirmative.Action.
Not a JBC...not even close. Just thought it funny.
But I do consider the Prize premature at best.
That was hilarious!
If the starving would just open their mouths and eat, that whole problem would be solved.
That's about as intelligent as claiming unemployment is primarily an issue of personal industry.
Attempting to be serious, while dealing with my disillusionment:
Congressional Oversight Panel for the Troubled Asset Relief Program reports. It's not good.
poic - thanks that made my day!
LOL - especially when you get your 'arse kicked'...
kidbuck wrote:
Talk to me about Nelson Mandela.
BelieverJeff, quits are actually way down - and I suspect most quits these days already have a new job lined up.
Many companies prefer to hire employed people (there is a strong bias) - and that is why people always say it is easier to find a job when you have a job. Quits just measures this turnover ...
best wshes
Yancey Ward wrote:
especially if he launches a strike on Iran less than a year after receiving the prize.
Way OT, but incredibly symbolic of where American society was and how far we've fallen.
Girl, 12, slugged back at Phillies slugger - CNN.com
Its about a girl who caught Ryan Howard's 200th home run ball and subsequently had it stolen from her by the Phillies. Long story short, it took the threat of legal action before the ball was returned (assuming its the same ball). Contrast that with Roger Maris's 61st home run from 47 years ago (a true sports treasure):
'When Salvatore Durante snagged Roger Maris' 61st home-run ball -- the one that broke Babe Ruth's single season home-run record in 1961 -- his life changed forever.
Durante offered to give it to Maris, but the Yankees slugger declined. "He said: 'Keep the baseball and try to make some money with it,'" Durante once told the Baltimore Sun. He sold it for $5,000 -- what amounted to a year-and-a-half's salary for Durante.'
How far we have fallen, and the cliff diving continues.........
Barack Obama won the Nobel Prize for peace today, beating out second-rate contenders like Mahatma Gandhi and the Dalai Lama with the stunning achievements he made towards world peace before the award cutoff date of Feb 4th, 2009, less than a month after taking office.
In other news, Offer "Vince" Schlomi, inventor of the Sham Wow, won the 2009 Nobel Prize for Physics, and David Lereah, former economist of the National Association of Realtors and author of "Why the Real Estate Boom Will Not Bust" won the 2009 Nobel Prize for Literature. Well-placed sources have told us the announcement of Bernard Madoff as winner of the 2009 Nobel Prize for Economics will be made tomorrow.
cd
picosec wrote:
Premature? Are you suggesting O really is Bush in disguise? Wait a minute... considering Afghanistan, bail outs, etc... maybe somebody better check.
BTW - the 'JBC' thing was just a 'quick drive by'... I actually agree that it was a VERY odd choice. I can only attribute it to Bush Relief. No other answer I can think of.
CalculatedRisk wrote:
I wonder if this will change when recruiters realize that the unemployed will work harder for smaller wages.
But, but ... the political party I have chosen to affiliate with now, in the present day, campaigned against teh Carter with an entirely different slate of candidates on totally different issues way back in 1976, so I really must view EVERYTHING ever done by teh Carter as BAD. Even though I really don't recall 1976 very well.
At least, I think that is how this stuff works. I guess it's kind of like how the subprime melt-down and collapse of Lehman Bros was all Reagan's fault, if you just squint a little and look at it from the correct angle, and stuff.
Uncle Ar, thanks for the list.
I've only hiked two on that list - Angels Landing and John Muir Trail (a complete through hike once), although I've hiked some in the Tetons, I'd suggest the Tonto trail in the Grand Canyon and the Kalalau Trail on Kauai as good candidates to be included for U.S. trails.
best wishes
CalculatedRisk wrote:
Banks prefer to loan to people who already have money.
Is there a pattern here?
lol, Did you intend your satire to be self-satirical? Neither is eligible.
Mr Slippery (profile) wrote (in reply to...) on Fri, 10/9/2009 - 2:12 pm
Banks prefer to loan to people who already have money.
Actually, if they can get away with it, it appears they are okie doke with lending it to people who have no chance of paying it back.
Byzantine_Ruins wrote:
...as long as uncle has their back covered.
scone wrote:
Not for guitar players......
energyecon wrote:
There's a difference!? Google Obamessiah
NOTaREALmerican wrote:
Perhaps our dickmobiles need a hummer?
OT-2 die, 19 overcome at Arizona retreat sweat lodge
Yahoo! 404 - Page Not Found
were they overweight? Having been in one before you better be prepared for extreme heat....enough to make you cry on the ground...
btw-my visions were limited to a cold heineken and icy pool...I did see Jim Morrison though and that indian guy he always saw...
A requisite of a discussion is opposing sides of similar competence. Calling the religious ignorance, to be polite, displayed yesterday a discussion is like calling cursing "making an argument."
creditcriminalslovetarp (profile) wrote on Fri, 10/9/2009 - 2:20 pm
were they overweight? Having been in one before you better be prepared for extreme heat....enough to make you cry on the ground...
Just a guess, but I think some people ate or inhaled something they shouldn't have.
In case it went unnoticed here the Nobel prize for peace is awarded in Oslo, not Stockholm. I know, I am probably being a little unnecessarily detail oriented . ..
Also, there is no Nobel for mathematics. I agree that the Mortgage Pig wins the Nobel prize for literature. Poetry.
Dow 10,000 - Springboard or Final Kiss Good Bye?
One way or another (market crash or dollar crash), the answer is probably yes-
threetorches wrote:
it was the logical conclusion of the securitization that began in his first term and that is rightly associated with the business culture he promoted (or at least served as an icon of). so, yeah, it kind of was.
It's the leisure society we've all dreamed of !
~splat
I think your right..peyote-the shaman's personal garden..
Has someone already posted a link to this article from the Boston Globe? Title troubles leave some foreclosure sales in limbo - The Boston Globe According to the article, a decision by an MA court, that seems to have voided two foreclosures because of lack of proof of ownership (what lender owns the mortgage), could really slow things down as lenders/investors have to actually (gasp) figure out who owns what.
It's a V! Recovery "A Lot Stronger" Than Consensus, ECRI's Achuthan Says
azurite - can't tell from the article if this was a MERS issue, or just a case where mortgage assignments were not prepared and filed until after the foreclosure action was implemented. Does anyone know?
Wells high on sticky brown hopium:
Wells Sees 60-70% Loss Severity in Option-ARMs : HousingWire || financial news for the mortgage market
As CR says...I'll take the over.
"Hope we have some BFF action"
I hear the Chinese are putting the FDIC into receivership at 5:00 Pacific tonight - not sure if they are going to get any bids, though.
Obama wins Nobel Peace Prize?
- NY Times
Barack Obama grants CIA permission to retain right to carry out renditions
Barack Obama grants CIA permission to retain right to carry out renditions - Times Online
Rachel Maddow Criticizes Obama on Prolonged Detention
YouTube - Rachel Maddow Criticizes Obama on Prolonged Detention
sm_landlord
I've been railing on that guy's lack of critical thought for a while.
Appears they thought they could fix things later.
"Many lenders believed they could complete foreclosure transactions and later produce formal proof they held the mortgage.
That changed in March when Justice Keith C. Long of Massachusetts Land Court found that two foreclosures were invalid because ownership of the mortgages was not clear at the time of the foreclosures."
splat wrote:
It's the leisure society we've all dreamed of !
The summer that never ended.
"His decision builds on a growing national movement among housing advocates, courts, and some lawmakers to push lenders dealing with foreclosed properties to produce accurate documentation before deals are consummated."
I don't think this is really too much to ask...produce accurate documentation.
energyecon wrote:
We can talk about Sacramento breaking ground in the massively over budget, massively underutilized light rail extention.
Mish on ECRI.
this
Good during normal recessions. Not so good during credit bust recessions.
Reinhart and Rogoff's book is out:
This Time is Different: Eight Centuries of Financial Folly
"Appears they thought they could fix things later."
Maybe - I was wondering, though if the mortgage was recorded in the name of the original lender, with MERS as nominee, and the judge was saying that the assignment to the current mortgage holder had to be recorded before the foreclosure was commenced - if this is the case, huge title headaches on previously foreclosed properties where they filed the paperwork later. Easy fix going forward, but major messed up titles going back.
yuan wrote:
Thanks for the link. Exceprt:
Palin is not Nobel quality, maybe day time Soap Awards!
If it's stupid enough.. you KNOW Sacramento will do it.
~splat
Hmm.. could she be Victor Newman's next love interest ?
~splat
I don't care what they say about you, Dawg - you're alright!
Looks like the latter to me. Here's another article on the case:
Ibanez Update: Massachusetts Land Court Decision Invalidates Foreclosures Based On Post-Sale Assignments | The Massachusetts Real Estate Law Blog
My suspicion is that this will be overturned and the attorney authoring the post is pretty succinct about why:
Also of significance was that Judge Long rejected a customary Massachusetts conveyancing standard which provides that recording out of order assignment documents does not create a title defect. I think Judge Long got it wrong as he elevated form over substance and didn’t give enough credence to the legal principle that the note follows the mortgage, but hey, I’m just a lowly attorney.
Rob Dawg wrote:
5 more years to clear out delinquent mortgages
OT-who said golf was not a dangerous sport
Alligator in pond bites off part of golfer's arm in South Carolina - ESPN
"who said golf was not a dangerous sport"
Sure you were not watching Happy Gilmore?
Terry beat me to it.
Sorry Jerry!
DrN Since it was my blunder mistaking Norwegian for Swedish, mea culpa.
But I believe that there IS a Nobel prize for Math; it's Economics that has the faux Nobel.
picosec wrote:
No, there is not.
The highest award in mathematics is the Fields Medal.
... and later today our own Nobel candidate for Poetry, Solyent Green, gets to show his chops again.
Mr. Market going hyperbolic here.
Overly Optimistic Consensus Plays Greater Fools' Game Once Again
Nice piece from Mish; sorry if it's a repost-
Never mind...read the Ibanez thing and I agree with Yalt
All the bad news is out for today. What say the group? Close > ++100 or close closer to flat?
I'm going for somewhere around ++50 on the DOW.
for reference MBA counted 6mn foreclosures in the pipeline (delinquent or notice filed) in August, Rosenberg and Amherst Securities had a 7mn tally in September
MBA Forecasts Foreclosures to Peak at End of 2010
More on Existing Home Inventory
and what CR had to say at the time:
with added follow-up from the comments:
*can't tell from the article if this was a MERS issue, or just a case where mortgage assignments were not prepared and filed until after the foreclosure action was implemented.
*
Terry, here's a link to a MA realestate law blog that discusses the decision in greater detail. The discussion suggests (to me, anyway, I'm not admitted in MA, done very little RE work) that it's not a MER issue, but read it & see what you think.
Oops, should've reviewed the comments before I posted again, the link's already been posted. Sorry for redundancy.
Ibanez Update: Massachusetts Land Court Decision Invalidates Foreclosures Based On Post-Sale Assignments | The Massachusetts Real Estate Law Blog
Gives new meaning to being in the hazard.
Thanks to a helpful report from Terry, I think I've fixed the problem people were experiencing in IE with edit and reply. Let me know if you see this again.
"to be fair why not jettison the whole current title system and make everything electronic. "
That would be the best way to go, but the states and a bizzion county recorders/clerks don't want to spend the money to do so. They set up MERS to be an overlay on the parchment recording systems.
A year ago no one wanted to go into the weekend long. Now no one wants to go in short.
Black swan event has been discounted.
Once again, Ken you are the man!
.
props to Terry for the diagnostic info as well
Ken - replying - it works!
You have more faith in the constancy of the power supply then I do.
The Nobel is perhaps a way of persuading the POTUS not to go ahead with an attack on Iran, because is would seem strange to accept the prize and then launch an attack, and even stranger to launch it before the acceptance speech
"Black swan event has been discounted."
The Swan doesn't accept discounts.
"You have more faith in the constancy of the power supply then I do."
My actual feelings? Leaving this to government would likely mean they would screw it up . . . .
Ken - just did an intentional typo and edit, and that worked, too - fine job!
" October 9, 2009
A U.S. intelligence assessment presented to U.S. President Barack Obama indicates the number of Taliban-led fighters in Afghanistan has grown from 7,000 in 2006 to 25,000 at the present, Reuters reported Oct. 9, citing unnamed White House officials. Not all of the 25,000 militants are hard-core Taliban loyalists, the officials said, and it is believed that those less committed to fighting U.S. and NATO troops can be split off from the Taliban, weakening their insurgency."
Gott in Himmel! OK, according to this morning's Washingto9n Post the aim now is to accept the Tal. as part of the scene in Afghanistan and work with the less radical elements of it.
ot-market - probably use a sunday futures ramp to break 1080 high...looks like they will gun it.....
just took out a lot of stops...
From CNN:
President Obama today joined an elite group of U.S. presidents when he won the Nobel Peace Prize. Unlike his predecessors, Obama was chosen not for substantive accomplishments, but for inspiring "hope" at the start of his term.
poic wrote:
Present slope makes it look like a +100 day, but the short sellers, if there are any left, should quell that at the end for a 60<close<80 day
Ouch! Shorts kicked in as I was writing-
That isn't by any chance a youtube link to chubbs in happy gilmore, is it?
pavel.chichikov wrote:
I already posted this once before, but it's even more appropriate here:
http://img97.imageshack.us/img97/2684/freex.jpg
It's all in how you spin it...
"You have more faith in the constancy of the power supply then I do."
Seriously, I recall seeing stories after the hurricane that all paper records (birth/death/criminal/land) in some MS and LA counties were destroyed - what ever happened?
it's an odd day, USD is up more than anything in isolation
pavel.chichikov wrote:
So maybe they had a little reality with their hopium? About time somebody did.
Cinco-X wrote:
I'm showing 61. You're still good
pavel.chichikov wrote:
There it is! That's why he got the prize
dryfly wrote:
I think the first act is called "winning their hearts and minds" if I recall the plot correctly.
EvilHenryPaulson wrote:
Wonder if somebody drew a line in the sand...
The US spends ~$76,000 per soldier per month in Afghanistaan. Same as the entire budget of the Talibaan, not counting weapons.
dryfly wrote:
With a chopstick?
I said it here before a few weeks ago, but I believe that anyone who thinks the President is irresolute and can be poked indefinitely is adopting a risky point of view. Safer to think of him as careful, not rash...
NOTaREALmerican wrote:
Second act maybe "can't beat'em - join'em"?
pavel.chichikov wrote:
Are you talking about the people on here poking the President? Or somebody else?
"I already posted this once before, but it's even more appropriate here:
http://img97.imageshack.us/img97/2684/freex.jpg
It's all in how you spin it... "
I'm going to England next week. I'll wear that t-shirt as well as a maple-leaf on my luggage to show that I'm a man of the world.
"Second act maybe "can't beat'em - join'em"? "
You beat them until their morale improves.
dryfly,
You know the deal
Foreign Exchange Live Charts Window
noob goldberg wrote:
Wasn't the story yesterday that the Thai's, Koreans, et al were intervening on the dollar's behalf? Actually, that'd be on their behalf, but the result is the same-
noob goldberg wrote:
LOL - exactly.
poic wrote:
There's a version with a Canadian flag, but instead of bombs it's cheap lumber and maple-based products.
34 banks don't pay their quarterly TARP dividends - USATODAY.com
The Treasury Department says it cannot force an institution to pay dividends.
Sounds like a pussy is heading Treasury Department
My exclamation had to do with the estimate of the number of Taliban. In a country like Afghanistan if the effectives number 25,000, it's a rather large number. Add supportive elements in country, and farther east.
poic wrote:
We be good at that, boss.
South African archbishop Desmond Tutu, who won the prize in 1984 for his long battle for a non-violent end to South Africa's apartheid system of racial segregation,
South Africa didn't end apartheid until the mid-1990s. As the committee said today, the prize is sometimes for leadership that has not yet been fulfilled by major accomplishment. Tutu got his award 10-12 years before apartheid ended. Anyone think Tutu's award didn't help him move the country and world toward democracy?
Reuters.com
Cinco-X wrote:
If you're out drinking and your buddy gets into a fight, you'll back him up.
Of course, if he always gets into a fight, eventually you just stop taking him to parties.
"Are you talking about the people on here poking the President? Or somebody else?"
Foreigners. Not people in comment boxes.
JimPortlandOR wrote:
I'm pretty generous with compliments, but even I'm not ready to put Obama on the same level as Tutu yet.
"to be fair why not jettison the whole current title system and make everything electronic."
This is also why I have serious reservations about the health e-records efforts of the administration. I have little faith they will get it right, plus how much paper archival data do you put into the system?
noob goldberg wrote:
I think they're looking out for their own interests more than ours. A weak dollar is not good for their export driven economies.
JimPortlandOR wrote:
Yeah, I agree. But this guy also spent time in jail being tortured (by our VERY good allies at the time - remember how pissed off "conservatives" were about "those liberals" supporting the end of apartheid?, anywho). I don't see exactly what equivalent crusade the Big O is going to accomplish. Health-care for our oppressed (but highly pissed off at being helped) peasants? Bailing out banksters? Naaa, still a VERY weak pick.
13 bp move in the TNX anyone?
pavel.chichikov wrote:
Oh good. I was worried for a second that we where being watched....
the market is acting similar to July 13th, op ex is thursday/friday...scary part is its the same setup as the 87 crash, opex week before and then monday the 19th
ramp up to opex?
OT
Is there word in Mandarin for Hummer?
DETROIT: Hummer, the off-road vehicle that once was a symbol of America's love for hulking trucks, is now in the hands of a Chinese heavy
equipment maker.
General Motors Co. and Sichuan Tengzhong Heavy Industrial Machinery Corp. finally signed the much-anticipated deal to sell the brand on Friday, according to a joint statement issued by both companies.
Tengzhong will get an 80 percent stake in the company, while Hong Kong investor Suolang Duoji, who indirectly owns a big stake in Tengzhong through an investment company called Sichuan Huatong Investment Holding Co., will get 20 percent.
He also is the controlling shareholder and chairman of Lumena Resources Corp., a Hong Kong listed mining company.
Financial terms were not disclosed, although a person briefed on the deal said the sale price was around $150 million. GM said in its bankruptcy filing last summer that the iconic brand could bring in $500 million or more.
The person did not want to be identified because the terms were being kept private.
The investors also will get Hummer's nationwide dealer network. GM and Tengzhong said in a statement that the transaction still must be approved by U.S. and Chinese regulators.
Cinco-X wrote:
Well, they could go and talk down their own currency or release some less than flattering statistics and have a similar effect, no? Or maybe it's a combined approach...
I agree with your points here also. The potential for fraud and accidental destruction of records means I'm not really ready to have mortgages just be magnetic charges or photons somewhere.
SNAFU wrote:
The Chinese usually use transliteration; they're pick two character that "sound" like Hummer, for instance, Hu and Ma, and use those.
SNAFU wrote:
The HUMMER fragrance collection is a fresh, rugged and masculine fragrance appeals to consumers who aspire to the HUMMER lifestyle
Hummer Fragrance For Men
km4 wrote:
Hoocoodanode.
rosethorn wrote:
Why not? Your savings are.
Cinco-X wrote:
Big Dick. Or Dumb Ass, come to mind.
Baghdad Ben on today's market action.
http://www.meltingpotproject.com/.a/6a00e5501bb44a883301156f29efcd970c-pi
"Oh good. I was worried for a second that we where being watched...."
There were people in the old days who claimed never to worry about it. I once sent a letter to my Moscow landlady in November and it wasn't delivered until the following March. Makes you wonder, eh?
noob goldberg wrote:
I think they're one in the same. BTW, they don't "talk down" their currency; they "print" more, and then use that buy dollars. I believe it's just a supply and demand thing, but with currency, not goods.
"The potential for fraud and accidental destruction"
Rosethorn - the risks of fraud are much higher for parchment records. As for accidental destruction, when there is only one paper original, the risks are much higher. Not to say electronic records are perfect, but in high volume applications, like checks, stocks and, yes, mortgage securitizations, they are a better way to go.
NOTaREALmerican wrote:
Huh!?
it's too early to know, but I would think this forex intervention is the real deal. they simply couldn't wait much longer.
USD up, stocks up, treasuries down
a mix of unwinds? short USD-long treasuries? the balance going into equities and commodities, which would imply foreign financial markets or cb reserves are being depleted of capital
O should say thank you so much, I really appreciate it. . . and divide the money up among the next 3 or
4 others on the short list, saying how deserving they are.
CR - is the beer cold for the BFF buffet?
Cinco-X wrote:
they're pick two character that "sound" like Hummer.
They (me) picked two characters that "sound" like Hummer. Just for starters. I'm sure their marketing department will come up with something too.
Terry wrote:
I don't believe there's a way for a hacker located in China, India, or the Ukraine to "hack" into our parchment database and delete it.
The doomers here seem to think that economic and social apocalypse is assured. Speaking of worrying, unless anxiety is a favorite pastime it's perhaps better not to worry. It is what is it, it will be what it will be, and in the meanwhile there's today to live in, and through.
Make your decisions and live with them.
NOTaREALmerican wrote:
What language are you speaking? Dumb @$$ doesn't sound like Hummer in English, and I doubt they have a word for Big D!ck in Chinese-
OK, I'm convinced. Let's make mortgage transactions electronic. It'll save a ton of paper and speed up closings.
Cinco-X wrote:
It does to me.
Of COURSE they do! All societies do.
Edit: In FACT, I think if they don't have a work they DO NOW have a word WITH that meaning: Hummer. (Why ELSE did the guy buy it !) hahahahaha!!!
"they're pick two character that "sound" like Hummer.
They (me) picked two characters that "sound" like Hummer. Just for starters. I'm sure their marketing department will come up with something too. "
My wife has a hard time understanding Mandarin on TV sometimes now as there are so many new words based on the above. Phonetic Mandarin I believe she called it. Same thing when we were in Beijing, very hard for her to understand the advertisements as they didn't make any sense based on proper Mandarin.
I can understand 2 or 3 not making their payments. But 34? It's like some sort of implicit understanding, or agreement was reached.
"I don't believe there's a way for a hacker located in China, India, or the Ukraine to "hack" into our parchment database and delete it."
Correct - a hurricane, tornado or fire will do just fine.
NOTaREALmerican wrote:
FWIW, the expression for excrement is "Big Convenience" in Chinese. There is no word for $#!t.
NOTaREALmerican wrote:
Text of Nobel Annnouncement:
The Norwegian Nobel Committee has decided that the Nobel Peace Prize for 2009 is to be awarded to President Barack Obama for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples. The Committee has attached special importance to Obama's vision of and work for a world without nuclear weapons.
Obama has as President created a new climate in international politics. Multilateral diplomacy has regained a central position, with emphasis on the role that the United Nations and other international institutions can play. Dialogue and negotiations are preferred as instruments for resolving even the most difficult international conflicts. The vision of a world free from nuclear arms has powerfully stimulated disarmament and arms control negotiations. Thanks to Obama's initiative, the USA is now playing a more constructive role in meeting the great climatic challenges the world is confronting. Democracy and human rights are to be strengthened.
Only very rarely has a person to the same extent as Obama captured the world's attention and given its people hope for a better future. His diplomacy is founded in the concept that those who are to lead the world must do so on the basis of values and attitudes that are shared by the majority of the world's population.
For 108 years, the Norwegian Nobel Committee has sought to stimulate precisely that international policy and those attitudes for which Obama is now the world's leading spokesman. The Committee endorses Obama's appeal that "Now is the time for all of us to take our share of responsibility for a global response to global challenges."
The unanimous Nobel Commitee seems very clear what they hope Obama to accomplish. It is their award to give, and I suspect they are quite proud that their choice offers good prospect of being fulfulled at least in part.
"FWIW, the expression for excrement is "Big Convenience" in Chinese. There is no word for $#!t. "
There is in Cantonese (: I'll have to ask my wife about Mandarin. Or better yet do something really stupid (very easy for me) and listen closely to her reply.
"OK, I'm convinced."
Just find a few hundred million to pay for the conversion and give us ten years to get a system set up . . .
Just like with moving off oil, there isn't a problem that a bunch of money and a decade or so will not solve.
Cinco-X wrote:
They obviously haven't had the McDonald's franchise for very long, because there's nothing convenient about being stuck halfway down an airport terminal 500 feet from the nearest bathroom when the inevitable colon spasm from a Big Mac meal hits.
JimPortlandOR wrote:
So, basically, pavil was right. It's an award to keep him on track.
Terry wrote:
Sure; that'd be a problem without electronic backups. Additionally, if it's really important to keep records, there are secure warehouses that are nearly impervious to most of the above. On the hand, if you 'choose' to store your records below sea level in New Orleans' 9th Ward, well.....I'm really not sure what to say. It's also worth noting that the situations above also affect server farms.
poic wrote:
What is it?
"They obviously haven't had the McDonald's franchise for very long, because there's nothing convenient about being stuck halfway down an airport terminal 500 feet from the nearest bathroom when the inevitable colon spasm from a Big Mac meal hits."
I get colon constriction. Now Taco Hell?!? I need a set-belt in the bathroom after one of those meals.
This won't help create additional job openings.
there is a Federal case written by Judge Royko (Boyco?) from a year or 2 ago which gave
the Plaintiffs time to round up assignments, (or back date them!!), and the lenders didn't do
it and the case got dismissed.
noob goldberg wrote:
Sure they have! Why do you think their eyes are so squinty?
Re: FWIW, the expression for excrement is "Big Convenience" in Chinese. There is no word for $#!t.
Males must have a real difficult time at soccer games over there. How do the fans communicate with their players: YOU BIG CONVIENIECE HOW DID YOU MISS THAT GOAL!
Well, they have a word for Big D!ick now. It's Big Hummer.
Our Big Hummer is bigger than YOUR Big Hummer.
pavel.chichikov wrote:
I call it millennial thinking; come the millennia the apocalypse will sweep away all the evildoers and only the righteous will remain. With "righteous" being defined as whatever your point of view is. People tend to think this way when they're unhappy with society's direction and don't know what to do about it. They assume that society's wrongness will bring it down (always true eventually) and in their growing impatience begin to interpret every world development in the context of its sign-of-the-endness.
I don't see a whole lot of it here; but it's easy to slip into, and hard to slip out of.
pavel.chichikov wrote:
YouTube - cveitch Channel
Everything is OK
"It's also worth noting that the situations above also affect server farms."
How true Cinco - I remeber helping a client with a build out of a data center about ten years ago for card transaction processing and they did not want to build a secondary data center for back-up, but still wanted 6 nines availability, so they built a concrete vault contained inside another building, with a concrete "moat" surrounding the building, and grid, diesel, flywheel, and fuel cells for power.
poic wrote:
Not a good idea. If you blow the toilet off the wall and are strapped to it, what'll you do then?
cinco-x. It's part of a very rude phrase. Rather vile to post on public board unfortunately.
poic wrote:
[cracks knuckles]
This is fast turning into the thread I have long anticipated. We are all witness to the epitome of Internet discourse: our very first poop thread on CR.
what will future archeologists make of that? Our version of a pyramid?
"Washington state taxable retail sales dropped 14 percent"
Bet they all took road trips to Oregon to avoid paying the sales taxes.
BremNorthwest
You don't understand. The less taxes paid, the more it's like a big tax cut. They're bound to spend all that saved up money any moment now. That's how we'll get a V-shaped or better recovery. Why limit the forecasts to 6% gdp growth, why not 10 or 12%. At least that's what the ECRI has been declaring
NOTaREALmerican wrote:
You seem to be under the misapprehension that they actually speak English under a veneer of Chinese words and characters. Their sentence structure and grammar is substantially different than ours.
Hmmmm, worse than Godwin?
noob goldberg wrote:
Correction: very first BIG CONVIENENCE thread
Never thought of 大便 as the big convenience. I guess it could read that way. There is also 糞 in mandarin, though, correct?
Cinco-X wrote:
Yeah, I keep getting in trouble for that during French lessons as well. Speaking English phrases using French words is not the same as speaking French, apparently.
Liz - it will probably be standing as long as the pyramids!
noob goldberg wrote:
Why are you learning French!? Must be a Canadian thing
"and that is why people always say it is easier to find a job when you have a job"
Workers who expect to get a good severance may just wait to get laid off. I don't know how long companies will continue to pay severance.
Terry, you took the words right out of my mouth Internet shopping too, just not amazon or the like). How good is that to have zero income tax, and be able to shop w/o paying sales tax either.
Does it count if you don't spell convenience incorrectly?
lawyerliz wrote:
No, not even close. A Godwin reference to Hitler is a result of the pure anger that arises when one is unable to reach the inevitable conclusion to a similarly confrontational real-life conversation: the fist fight.
A poop thread emerges when the anonymity of the Internet breaches the final walls of socially-acceptable real-life discourse and drops to the lowest common denominator.
What was original post/conversation supposed to be about now.
"How good is that to have zero income tax, and be able to shop w/o paying sales tax either."
Heavenly Uncle!
"Why are you learning French!? Must be a Canadian thing"
b/c he wants to hear the IOC chairman in 2 languages this coming winter.
You don't talk about poop with your real-life friends?
What was original post/conversation supposed to be about now.
something about no job openings, but I opened the BFF brew a bit early and got lost
Cinco-X wrote:
Because chicks dig guys who speak French? Or maybe because my work demands and pays for it.
I don't even remember. But it does help, actually, when one is forced to speak with the French.
Seriously, I recall seeing stories after the hurricane that all paper records (birth/death/criminal/land) in some MS and LA counties were destroyed - what ever happened?
I think some attorneys quit. Also: attorneys put notices in newspapers asking clients to contact them--to help reconstruct the files, they went through their offices & did their best to recover stuff. Just tracking down staff members wasn't easy sometimes. Some of the larger firms were ok and even some smaller firms, if they'd been paying to backup their stuff on an offsite server. I think the courts were allowing additional time for filing stuff. The Oregon OAAP (Oregon Attorney Assistance Program) went down to NO to offer some assistance (counseling, assistance in re-setting up offices, etc.) and recorded a kind of seminar or program they put on down there for attorneys on getting their practices going again. They recorded the program & made parts of it into a CLE for OR attorneys--an "it could happen to you, here's what you can do to prepare" thing.
The inside of the great pyramid (or parts of it) looks to me like the shell of a great
of
machine whose insides were taken out than a religious edifice. Very
me, I kinow.
ille_vir wrote:
Yes. But not usually when 77 friends and 430 guests are in the room. That's like grabbing the microphone and discussing a bowel movement at a wedding.
lawyerliz wrote:
The insides are still there, we're just unworthy to view them so they remain invisible.
I'll see your
and raise you 
^2
Cinco-X wrote:
I was under the impression that you said they had no CONCEPT of a powerful male having an oversized ego which is manifested as the 5th appendage.
So do that have a word (or two) for THAT? We'd just say "Oh, he just the Corporate Big D!ck".
"Never thought of 大便 as the big convenience. I guess it could read that way. There is also 糞 in mandarin, though, correct?"
Correct. Of course the Chinese have a word for shit/manure/poop.
JOLTS report: Isn't there a big number missing in this report? There are about 2%-3% entering the labor force which means there are about 250,000 young people entering that gymnasium every month over and above the net loss of jobs!
ille_vir wrote:
I think we might also validly refer to it as 'quantitative easing'...
Terry wrote:
Or good old fashioned neglect & under staffing... "now where did they put those things... Gladys would have known but they RIFed her two lay offs ago..."
Jonathan wrote:
If you can't reach a bathroom throne, then extend and pretend works in some cases.
ille_vir wrote:
I took 2 years of Chinese, but it was in the early '80s, and was oriented towards the Mandarin spoken in Taiwan. The stars of the class were or course the Chinese-American kids, but there was one kid from Winnemucca, NV who was very good, and was invited to the Department Head's (the Dept. Head and his wife were from Taiwan) house for dinner one Sunday night. We'd learned that there was fancy Chinese food a and food that was made from leftovers (like fried rice) which was called Bien Fan or convenient food. Additionally, we had learned that the Chinese called the Great Wall of China the "Big Wall".
The Professor's wife cooked a nice meal, and Wan (the student's Chinese name) said it was "very good food", or hen hao fan. The professor's wife said, "no, it's just convenient food" (the Chinese are always polite, at least outside of Hong Kong). At this, Wan decided to ad lib and say "it was great convenient food", and of course, there was dead silence in the room, and the professor's wife had this look of shock and dismay! Afterward, the professor explained the situation, and on the following Monday, all of the Chinese classes were given a list of phrases that would be misconstrued if used. It was pretty funny, and I know that this correct because I always get a howl out of my Chinese co-workers when I tell this story
lawyerliz wrote:
Jobs.
I believe this type of employment data supports my view that the job market is going to stay very weak for several more years, and this is going to cause the govt to continue to print money to "stimulate" the economy. And I think the markets are aware of this and hence that is why the dollar continues its decline and gold has broken out to new all-time highs. The gold price and gold mining stocks may be due for a short term pullback, but I still like them in the long run. I would like to point out Yamana Gold, which is one of my favorite gold mining companies. This week the company updated production guidance and came in ahead of many analysts' expectations. I read a good summary and analysis of their news release at http://www.goldalert.com/stories/Yamana-Gold-Announces-3rd-Quarter-Update, where it also mentions market speculation that the company may be looking for a suitor. I also read some interesting articles on gold mining companies, as well as a few good macro articles on the history of the Fed's policies of inflating our currency and the negative unintended consequences of such actions.
Re: Nobel Prize in Math?
JP writes: No, there is not. The highest award in mathematics is the Fields Medal.
Since we're discussing missing medals, and speaking as a chemist, if you could ask the biologists for our chemistry prize back, I'd appreciate it.
Thanks for that jturner. The micro and macro econ in the gold vs cash vs credit stuff has been kicking my rear. I really am trying hard to get a grasp on it, but someone pointing me in a direction to do better research is always more than welcome!