Archive for February, 2010
More Homeowners Walk Away
February 3rd, 2010Consult a lawyer before carrying out your coup de grâce: Banksters Fight Back: Deficiency Judgments. Via: New York Times: In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040. “People like […]
How Unique – and Trackable – Is Your Browser?
February 3rd, 2010Via: Electronic Frontier Foundation: Is your browser configuration rare or unique? If so, web sites may be able to track you, even if you limit or disable cookies. Panopticlick tests your browser to see how unique it is based on the information it will share with sites it visits. Click below and you will be […]
Deficits May Alter U.S. Politics and Global Power
February 3rd, 2010Via: New York Times: In a federal budget filled with mind-boggling statistics, two numbers stand out as particularly stunning, for the way they may change American politics and American power. The first is the projected deficit in the coming year, nearly 11 percent of the country’s entire economic output. That is not unprecedented: During the […]
China Threatens U.S. Sanctions Over Arms Sale
February 3rd, 2010Via: Sydney Morning Herald: China will erect trade sanctions against Boeing and other large US companies unless the US Congress blocks the Obama administration’s planned $US6.4 billion ($7.2 billion) weapons sales program to Taiwan, a senior defence strategist said. Rear Admiral Yang Yi told the Herald yesterday China was prepared to hurt itself in order […]
The Next Leg Of The Housing Crisis In Five Simple Charts
February 2nd, 2010Via: ZeroHedge: Below are 5 simple charts the highlight just how precarious the housing situation in the U.S. is, and how likely the second, and probably much more fierce, leg down in the markets is going to be. A bearish report by CIBC 1captures precisely the highly unstable system that U.S. housing has become, and […]
City of L.A. Wants Construction of New Buildings to Include Catchment Systems to Handle Toxic Runoff During Rain Storms
February 2nd, 2010What is happening to the millions of people who are breathing the air that’s carrying all the pollutants that are winding up in the toxic runoff? This is the Los Angeles Times from 2002: A report by a Washington, D.C., environmental group says that children in California are at greater risk of contracting cancer from […]
Pentagon Black Budget Sees Year Over Year Record Funding; Tops $56 Billion
February 2nd, 2010More Change. Via: Wired: The Defense Department just released its king-sized, $708 billion budget for the next fiscal year. Much of the proposed spending is fairly detailed — noting exactly how many helicopters the Pentagon plans to buy and how many troops it plans on playing. But about $56 billion goes simply to “classified programs,” […]
Obama Budget Seeks More Money for Nuclear Weapons
February 2nd, 2010Even I never thought Change we can believe in would include the biggest increase in nuclear weapons related activities since the, “Early years of Ronald Reagan.” Via: Canadian Press: President Barack Obama is seeking increased funding for nuclear weapons research and security next year, even as his administration has pledged to reduce the world’s stockpile […]
The Fed as Giant Counterfeiter
February 2nd, 2010Via: Ludwig von Mises Institute: San Jose State economics professor Jeffrey Rogers Hummel tells all his students that the easiest way to understand the Federal Reserve is to think of it as a giant, legalized counterfeiter. I had always known that the Fed and other central banks were like counterfeiters, but I still thought that […]
January Earnings
February 2nd, 2010In January, earnings from all sources came to a total of $873.88, a miss of $126.12 from the minimum earnings goal of $1000. This is the first miss of the earnings goal in years, and many months have far exceeded the goal. Missing the goal in January isn’t the end of the world, but it […]
