LPS: Mortgages in Foreclosure still near record high, Much higher in Judicial States
Submitted by
CalculatedRisk on Mon, 07/09/2012 - 5:46am (290 comments)
Shopping at Amazon?
Wait! If you click on one of the Amazon links below first, HCN will get a percentage of anything you purchase for 24 hours!
Open predictions
Our local book authors
User login
Who's online
There are currently 19 members and 121 guests online.
Recent Recommendations
DCWG | DNS Changer Working Group
The website to check if you are infected is DNS Changer Check-Up - Clean
Buy now institutional investors, right?
Comrade Kristina wrote:
So is that it then?
My computer reached the correct website, so it's not infected, and I have internet access, so my server's not shut down?
Are any of you without internet access?
(I should do a poll)
Yeah but the FBI was running the alternative servers and they shut them down today. So if you are able to access the net today you don't have it.
Alcoa Profit Seen Plunging 81% in Eighth Year of Surplus - Bloomberg
There's this problem with being the first to report each quarter...
But I thought we were done with foreclosures, after all, the banks promised they would be good with the settlement.
What a busy weekend, was on hcn and was called a scoundrel by Duke. I sat there astonished for few minutes and then went and did some housework.
So, just remember, now I need to become a patriot to complete my transformation.
Someday this war's gonna end...
Feel the love:
'Unspeakable cruelty': Outrage grows after Afghan woman's execution caught on video - World News
Stay classy Floriduh...
Worst TB outbreak in 20 years kept secret | www.palmbeachpost.com
It was just the poors so no need to actually do anything. Just sweep it under the rug over there...
Citizen AllenM wrote:
...Badge of honor?
Yep, you need a set of pom poms and you'll be good Citizen
Comrade Kristina wrote:
TB is for the little people who can't afford antivirus software.
Are any of you without internet access?
...
I guess we can add that to the list of things for the little people, like taxes and jail and now TB.
Citizen AllenM wrote:
Challenge him to a duel.
I can be your second ... I have a hipflask.
How many adjustable rate mortgages are tied to LIBOR?
Comrade Kristina wrote:
The bacilli check your bank account before proceeding to infect.
We need no public health program.
One thing that should concern everyone who thinks about the health debate is the urgency of rapid treatment and even quarantine in cases of highly infectious diseases. This is serious business, and you don't want someone with, for example, pandemic influenza sitting around in an emergency room for hours at a time.
Bruce in Tennessee wrote:
Twas a joke.
Funny:
Upper-Class Warfare in the Hamptons | Mother Jones
Comrade Kristina wrote:
OH all the non-profits will fill in the gaps won't they? This is 'merica right?
Any word if these are the antibiotic resistant strains? Do the all knowing superiors have a clue that stuff like that swept under the rug can multiply and grow faster than a flea outbreak and might even invade those private schools?
My internet is down I am using one of these.
http://locimobile.com/blog/wp-content/uploads/2010/07/tin-can-phone.jpg
Gotta go run (literally)
...later
Yep, diseases don't care what is in your bank account. Should TB break loose it would not be pretty and yet these people are just left to their own and are out there wandering around...infecting more people.
HUSSMAN: THE RECESSION IS HERE - Business Insider
Maybe if a few of the richie rich kids kick the bucket they'll pay attention.
"Mitt Romney is the only President or Presidential candidate in the past couple of decades to refuse to release his tax returns"
Come On, Mitt Romney, Even The Mormon Church Thinks You Should Release Your Tax Returns... - Business Insider
Looks as if Special Planet Boy has a wee bit of a problem.
Comrade Kristina wrote:
km4 wrote:
Of course, it's his only setting.
Quit while you're ahead!
UPDATE 1-Greek deputy minister resigns over bailout stance
| Reuters
Or behind, doomed, catastrophically misguided, hubristic, hey take your pick.
C
via MW:
9:00a
Draghi: Need further sharing of sovereignty
8:57a
Draghi: Price stability 'is ensured'
Houston...naturally.
anarchitecture: One City
Comrade Kristina wrote:
It will be too late then, seriously.
Of course it will but this State is chock full of idiots so maybe some cleansing via epidemic would be a good thing.
Possibly due to foreclosures that have been in process for a while, and the banks are finally completing them. I know of several that have dragged along, and are now done deals.
Purty Much I reckon
If anyone fighting with a dead internet connection (and having a good connection from another machine) needs a known good DNS server address -- 8.8.8.8 should be OK. It's one of Google's DNS servers and happens to be really easy to remember.
States restrict welfare purchases
http://www.usatoday.com/news/nation/story/2012-07-08/welfare-purchase-restrictions/56100508/1
Lol MSM as always....slow to catch on.
Comrade Kristina wrote:
meanwhile, down south ...
BBC News - Cuban cholera outbreak reaches Havana
Bruce in Tennessee wrote:
Well, they could announce an upside surprise, like DOWN only 75%
China Syndrome: Chinese companies bid for UK nuclear plants | SmartPlanet
We had a cholera outbreak here in Florida last year. It was found in some oyster beds near Apalachicola. Dumping sewage in the Gulf seemed like such a good idea at the time, though.
no Internet, here!
All your internets are belong to me!
Whooping cough is the disease dijour in the Seattle area. It was reported last week that a nurse in a local hospital was infected and exposed thousands.
RockyR wrote:
Those "cookies" from porn sites do it every time. I suspect Saudi Arabia to be off-line for at least 3 months.
Comrade Kristina wrote:
It won't stay there. As you pointed out, diseases do not discriminate.
I would not wish that on my worst enemy, its a horrible death that takes its time.
TB treatment requires very close supervision and it too requires time and most importantly, diligence. Neither of those are present in our current health 'care' delivery system, particularly for the indigent.
Yep, had a breakout of that here in Floriduh this year. This is why universal health care might be a good idea. The poors tend to not go to the doctor for colds and such so they end up infected by worse things and spreading it.
http://www.usatoday.com/life/lifestyle/fashion/story/2012-06-25/short-shorts/55825048/1?csp=obnetwork
can't remember if this is bullish or bearish
I try for irony. I fail.
Norway faces oil production shutdown - NORWAY - FRANCE 24
BBC News - Spanish borrowing costs rise ahead of euro summit
Flight to negative yield quality ?
RockyR wrote:
no, we are just irony laden today.
via MW and
9:22a
Draghi: ECB staff always looking for solutions
if one set expectations low enough one always succeeds
Markets are up I take it, NN?
BREAKING:
This just in, a massive pandemic of "Stupidity"has broken out in the US of A, stay tune for further developments and Quarantine information.
Inventory and bank owned properties are way down in the Seattle area. Median sold prices are up significantly, closed sales....not so much. The kool aid is flowing again.
BREAKING: France sells six-month bills at negative yield for first time.....
Funny.
shill wrote:
Does it include duct tape and plastic sheeting?
Roubini: My 'Perfect Storm' Scenario Is Unfolding Now - Asia Business News - CNBC - CNBC
“Levitational force of policy easing can only temporarily lift asset prices as gravitational forces of weaker fundamentals dominate over time,” he said.
Whooping cough is the home schoolers disease. Seems the anti-vaccination crowd is big into home schooling also. Got Washington state laws changed a few years back to eliminate mandatory vaccinations, since everybody knows the gov't puts mercury in them giving kids autism. Bad government, demanding kids to be vaccinated!
and rope, KP. lots of rope.
KarmaPolice wrote:
Really, when the day has arrived that people are demanding negative yield instruments, while shying away from high yields, the world really has gone upside down and inside out.
and from FRANCE no less, Ray!
Super funny:
Classy - NYTimes.com
Have fun Poic
People Are Riding Their Bikes Naked Through Boston | BostInno
ROUBINI: Next Year Could Be A Global Perfect Storm - Business Insider
RayOnTheFarm wrote:
It's OK. There isn't any need to worry. Remember, most people believe in a magical afterlife in Heaven.
By 2013, the ability of policy makers to
is going to run out of steam
Read more: ROUBINI: Next Year Could Be A Global Perfect Storm - Business Insider
km4 wrote:
In other words, buy my new book to find out how to profit from this collapse.
"In the Euro-zone the slow-motion train-wreck could become a faster-motion train wreck"
If it's a typical recession you would expect to start hearing lots of mass layoff announcements and business closings.
"The US looks close to stall-speed and a recession, given the latest economic data"
km4 wrote:
They need to hire the San Diego fireworks guys and get the whole thing over with already.
Ya but Seb said......
Andrew Hall (URL) on Jul 9, 6:12 AM said:
Roubini is one of the few economists telling it like it is with the guts to call out Wall Street - WITHOUT devolving into Krugman's suggestions for Keynesian debt festivals.
KarmaPolice wrote:
Reminds of the time we were boat camping in Hotham Sound BC in our 12 ft yachts. There was a 80 foot yacht parked at the Harmony Is. near our camp site. Every morning a float plane with a big assed radial engine would land and pickup some rich assed guy from Vancouver and fly him to work. The landing was not too bad but the takeoff noise would raise the dead. The irate richie riches should count their blessings.
RockyR wrote:
Guns are much more efficient. My hope is that all these people who sleep with a gun in their nightstand will commit mass suicide.
Problems solved.
Good point, better to let them catch preventable diseases and die. That way we can keep the population growth thing subdued.
Comrade Kristina wrote:
We don't need them anyway.
km4 wrote:
So, next year is the year, eh?
Remember when 0% Fed Funds was "the end".
Remember when QE1 was "the end"?
KarmaPolice wrote:
Perhaps. When was the last time you were required to have a concealed carry permit for a hank of rope ?
Eric wrote:
When was the last time you seriously shorted the
out of something?
Nope and not the year after that either...Goldman says so.
Goldman Sachs, Bank of America Say Fed to Hold Rate - Bloomberg
2015
Now this is some serious shit...right here:
YouTube - Woman Beats Pastor with Bible
This is what is wrong with the World in one tweet.
yagij wrote:
That would be 2009. Hands still have blisters.
How low does that lowest common denominator go?
RayOnTheFarm wrote:
It takes a deft hand to tie a Hangman's Noose.
Any choad can get a permit and pull a trigger.
Eric wrote:
Me too. So in a way, 2009 was "the end" (to how the system was working).
Not just the poors in Seattle, Kristina. We have too many granola types who insist on not inoculating their kids. I dropped by a neighbor's house a while back with my newborn and both his kids are mottled with chicken pox. I just wanted to shake the dad. He's a good guy, but such a dope about this issue.
I kinda sorta feel like I already know what Suze Orman has to say.
Whiskey wrote:
"Buy my books"?
Eric wrote:
Yeah. No. I don't get why anyone buys Sooze's books.
Oh yeah, I get that. And while I'm not terribly trustful of Government I seem to have survived getting inoculations as a child and have not suffered any ill effects that I'm aware of other than a tiny scar on my arm.
Can't wait until the children of palo alto and santa monica that grew up without the shots go to places like bangladesh or uganda on summer dogooder missions to burnish their ivy credentials in a dozen years.
Ah oh....This is going to be a problem.
Romney Mines the Hamptons for Campaign Cash - NY Times
Quotable:
"A luncheon fund-raiser was held at the sprawling home of Ronald O. Perelman, the billionaire financier and Revlon chairman. Widely described as the largest estate in East Hampton, when last advertised in the early 1990s, the house was said to have 40 rooms, 9 fireplaces and a mile of frontage on Georgica Pond."
"They went so far as to hire a local pilot to fly a giant red and black banner over Mr. Koch’s house, which read: “Romney has a Koch problem,” a play on the drug. (Mr. Koch’s name is pronounced the same as the word coke.) A truck, festooned with the logos of big banks like Citigroup and Wells Fargo, circled the neighborhood with a plastic dog on the roof, a jab at Mr. Romney’s much-mocked family vacation in which he traveled with his Irish setter inside a pet carrier on the roof of a car."
Too funny.
Coming up next, a man dealing with his addiction to buying financial self-help books. Can Suze help him out in time?
I replied to the tweet "Seriously? This is an issue? #firstworldproblems tell the b**** to quit spending money and volunteer somewhere".
Romney holds grand fundraisers in the Hamptons | TPM2012
Have we already done the overnight
deflation meme here?
China’s Stocks Drop Most in Month on Economy, Deflation Concern - Businessweek
in any case, let's review:
Yeah, I posted a link on that earlier this morning on the overnight thread. It's good to bring it forward for further discussion, though. It's pretty pertinent.
Black lung? Pertussis? Gout?
Gee, what's next? Dropsy?
The New Face of Black Lung | Mother Jones
greenchutes wrote:
i can haz depressionz now?
My late grandmother used to throw the occasion Polish curse "ah, cholera!" Cholera killed millions of people in Europe in the 19th century, and it was eradicated using a mind-blowing combination of big government and Western medicine. Thankfully, we don't have to worry about lice-less schools anymore.
greenchutes wrote:
China heads for a deflationary shock – Telegraph Blogs
That doesn't sound good.
Gives a new meaning to Nut Crunch:
Fisherman Catches Testicle-Eating Fish In Illinois Lake: Chicagoist
Indeed, should be a
- but, somehow, our overlords at the 
have a gift for dumping enough buckets of lard on the rube goldberg machine that the dominoes stay in place.
Somehow we'll end up with under 100mil fulltime payroll private nonfarm jobs and a nyfrb sheet that equals the GDP. Just depends on if it takes a few years or a decade, right?
Eric wrote:
Touch the stove! You know you want to short Chinese stocks...
Gotta give Willard some credit, not many people have amassed over a million dollars in an IRA. Since the maximum contribution allowed is $6k/yr, he was smart enough to start contributing over 100 years ago.
Or maybe all 72 of his grandmothers each kicked in ten grand each?
Next on the Suze Orman show
Is your Hair in a deflationary vortex? and what you can do about it.
ROUBINI: Next Year Could Be A Global Perfect Storm - Business Insider
In other words, buy my new book to find out how to profit from this collapse.
haha
knowing roubini he'll turn bullish before it gets published
... and doomy again ... after it ends up in the landfill
Can't wait until the children of palo alto and santa monica that grew up without the shots...
Don't know how big home schooling is here in NYC, but without backyards, nannies herd all the kids into the playgrounds. And if TB is spreading among the poorer folk, then the nannies, the manicurists and the gardeners would be bringing the risk to their rich clients.
Italian Government 2-Year Bond July 9 - Business Insider
Not to mention everyone who rode in the same subway car.
thanks ben -
L.A. Times A1, “Anxious investors flip their nest eggs: Worries over 401(k) and IRA shortfalls spur day trading within the accounts,” by Walter Hamilton: “Some people are trading the mutual funds in their 401(k) plans more frequently. Others are venturing into options. And some aggressive investors have begun day trading their nest eggs … Most Americans with IRA or 401(k) accounts embrace the ‘set it and forget it’ philosophy. Only about 15% of investors made any change to their 401(k)s last year, according to benefits firm Aon Hewitt. … Day trading was popular during the bull market of the 1990s, when investors moved in and out of stocks dozens of times each day seeking a quick profit. It was considered a risky practice at the time, and the technology crash a few years later wiped out many day traders.” Anxious investors day trading with retirement accounts - latimes.com
On the 'common person' - POLITICO.com
Nope, they don't. Or your pampered ass would be hiding from the nice folks with
politico.com -
EVEN PERMA-BULLS NOT SO HOPEFUL - HFE’s Ian Shepherdson, one of the most bullish analysts out there, finally got the gloomies from Friday’s report. In addition to the dismal BLS number, Shepherdson noted the NFIB hiring intentions index for June dropped three points, meaning employers are a bit less likely to add workers. The portion of NFIB members reporting hard to fill jobs, according to Shepherdson, also dropped sharply. That tends to mean less upward pressure on wages which means less consumer spending which means ... well, nothing good.
NEW WORRY: FLAGGING CORPORATE PROFITS - WSJ’s Jonathan Cheng on pg. A1: “Investors already fretting about the health of the world's biggest economies now face another worry: disappointing earnings. Companies begin reporting second-quarter earnings this week, starting with Alcoa [today] ... Already, 42 companies ... have warned investors that profits will be lower than initially expected, in large part because of slowing demand from customers around the world, particularly in Europe. Analysts say the darkening outlook is only partly baked into current share prices. Adam Parker, Morgan Stanley's chief stock strategist, predicts Standard & Poor's 500-stock index will finish the year at 1167, about 14% below where it is now.
“‘The pillar of strength is U.S. corporate earnings, and now we're seeing signs that that is cracking,’ he says. It was shaping up to be a closely watched quarter even before the economic outlook toughened. ... J.P. Morgan Chase ... also will post its first results since disclosing huge trading losses. The company has said it expects to be ‘solidly profitable’ for the second quarter, but is expected to provide an update on the losses, which could total roughly $5 billion” New Jolt Looms for Investors: Earnings - WSJ.com
Back in the day, when I had hair and was in the Army I was getting shots on a regular basis. I don't know what I was innoculated for, let alone how long the innoculations were good for.
I've said it before. In finance, obtuseness is adaptive. They want people smart enough to keep the machine running but not smart enough to question anything.
Intelligence and the capacity for truly critical thought are almost totally unrelated. That's why we have economics professors.
Things That Make You Go Hmmm - Such As The Transition From Conspiracy Theory To Conspiracy Fact | ZeroHedge
And, rising from the past, "Indentured Students". a word that finally appears int the MSM. Return with us now to 18th century America.
Indentured Students Rise as Loans Corrode College Ticket - Bloomberg
greenchutes wrote:
Because they have one or the other? Or neither?
Cradle to grave debt is the mother's milk of the
"Much higher in judicial states."
Has everyone noticed the universal characteristic of these serial crises? The self reported numbers have been uniformly rosier than those datums required. We are being lied to and it isn't getting any better.
Good morning from the year 1962 when time stopped in Richfield UT.
Peter S. Goodman: Latest Jobs Report Underscores Unemployment Crisis
07/09/2012
"The horrendous job market is not a political story. It is a national emergency playing out in slow motion, a catastrophe that has come to dominate life in millions of American homes. The persistent shortage of paychecks has seeped into our aspirations and made them smaller. It has eroded the basic American understanding about the supposed rewards of trying hard, getting educated and looking for work -- a formula too many people have been following only to wind up destitute, discouraged and dispossessed.
Will the president survive the most punishing job market since the Depression? That's backwards. The real question is whether people like Yvonne Smith can survive the job market.
Out of work, out of money and running out of improvised solutions to the problems of not being able to afford rent, Smith and her 14-year-old son have been sleeping on the floor of a storage locker in northern Georgia, where they stashed their belongings after being evicted from their rented townhouse in February.
"Where else were we going to?" she told me by way of explanation when I met her last month at a food bank in Chattanooga. "I try not to think about it, but that's our space, and we sleep there."
Smith, 51, has grown accustomed to working with what's available, following the collapse of more ambitious plans. A decade ago, she moved to Atlanta from New York City, where she had been earning $57,000 a year as a document processor at a law firm, in what amounted to a classic American reach for upward mobility.
In Atlanta, she rented a house for what she had been paying to rent a cramped apartment in the Bronx. She got another legal job, and settled into what felt like a better life. Then came the Great Recession.
In 2008, she was laid off along with her entire department....
Smith's story may be extreme, but it is hardly unique. You can easily meet people confronting such circumstances at food banks, homeless shelters, and in welfare offices. It used to be that those who landed in such straits tended to present a complex assortment of problems, from substance abuse to mental illness. More and more, people have been sliding into such states because of one dominant problem: They can't find work.
Buried in the latest jobs report is a brutal data point that clever analysts have tired of bothering to mention, because it has become a permanent feature of our times: 5.4 million people have been officially out of work for six months or longer."
O this morning announcing he's for a one year extension of W/O tax cuts for households making less than $250K/yr ... expiration for those making more ... at odds with schumer/pelosi who want tax cuts extended for households making less than $1 million/yr.
black dog wrote:
Except it isn't a tax "cut." It is an abeyance to be made up later. Presumably not to long from now by a more responsible administration.
Rob Dawg wrote:
Can't the same be said for the Bush tax cuts?
Rob Dawg wrote:
As long as I die before the difference is made up, it is a tax cut for me, yo!
Rob Dawg wrote:
Too bad you aren't actually joking.. that's a funny one, Dawg...
President Barack Obama is launching a push to extend tax cuts for the middle class, starting with an address from the White House on Monday, reports CBS.
A senior administration official says Obama will call for a one-year extension of tax cuts for people making less than $250,000 a year.
Translation: Obama is raising taxes for those who make more than $250,000 before the election, since he believes starting a class war will give him an edge in the election.
Obama to push extension of middle-class tax cuts - CBS News
Intervention FAIL:
SPANISH GOVERNMENT GENERIC BONDS - 10 YR NOTE Chart - GSPG10YR - Bloomberg
Over 7% after the expected hammer. Now things get serious. Greek serious except with an economy many times larger.
Presumably not to long from now by a more responsible administration.
Chelsea?
Jenna?
Eric wrote:
It's good for the Chinese people with money in the bank.: Less negative interest rates might mean that the Great Re balancing is beginning.
As voodoo priests that embody that gap.
Ah, to be a fly on the wall when
explains to the kids that MOAR DET is the only way out and a few of them actually make the connection between their own student debt load, prospects of (hopefully) working as free labor as a doctoral student for another decade or so, this ideology and his current 500K+ income.
Where's Corzine?
Blackhalo wrote:
Yes and no. Yes absolutely as this current Bush administration is doing like the last in waiting for a fiscally responsible replacement to take office. No in that the Bush cuts were not to a trust fund but the general fund.
More interestingly, it illustrates an inevitable phenomenon when service and speculation become more than 2/3 of one's economy .
All in all, just another BRIC in the wall.
Rob Dawg wrote:
Speaking of which..... when are they going to jack the FICA tax above 6% to "make up" for the 2% cut?
OP-ED COLUMNIST; Mitt’s Gray Areas - NY Times
July 8, 2012 - The Krugmeister
"Has there ever before been a major presidential candidate who had a multimillion-dollar Swiss bank account, plus tens of millions invested in the Cayman Islands, famed as a tax haven?
And then there’s his Individual Retirement Account. I.R.A.’s are supposed to be a tax-advantaged vehicle for middle-class savers, with annual contributions limited to a few thousand dollars a year. Yet somehow Mr. Romney ended up with an account worth between $20 million and $101 million.
....the contrast between George Romney and his son Mitt — a contrast both in their business careers and in their willingness to come clean about their financial affairs — dramatically illustrates how America has changed.
Right now there’s a lot of buzz about an investigative report in the magazine Vanity Fair highlighting the “gray areas” in the younger Romney’s finances.
What did George Romney do for a living? The answer was straightforward: he ran an auto company, American Motors. And he ran it very well indeed: at a time when the Big Three were still fixated on big cars and ignoring the rising tide of imports, Romney shifted to a highly successful focus on compacts that restored the company’s fortunes, not to mention that it saved the jobs of many American workers.
Elections are, after all, in part about the perceived character of the candidates — and what a man does with his money is surely a major clue to his character."
I'm thinking the Jeb/Rubio ticket would be teh awesome!
Google Image Result for http://www.worldofstock.com/slides/PRE8100.jpg
Where's Corzine?
tutoring Jenna and Chelsea ...
energyecon wrote:
Sometimes you see the InviSnark™, sometimes it sees you first.
Rickkk wrote:
Um, yeah.... I'm guessing JFK didn't exactly have transparent finances.
shill wrote:
More name calling and demonizing...as expected.
Eric wrote:
Or just make income above 200K subject the the tax...
Rickkk wrote:
In
land, student debt isn't a generational issue, tuition for his brilliance is a fair deal, infinite public debt and ZIRP are recipes for prosperity, and the AMC Gremlin is the summit of american automotive brilliance and the keystone of AMC's lasting success.
Rickkk wrote:
Kennedy, Johnson, Clinton...
Oh, and the IRA several thousand... that's the limit of tax deductible contribution not the limit.
Mini version of the divide and conquer exploited by
and 
.... see cultist like KP.
ac wrote:
The reason I think the 4-week average of initial claims is an important leading indicator. The thing is, though, that so many leading indicators can weaken for multiple quarters (or even years) before the recession finally arrives.
Sebastian
All else fails...go with the Racial card.
So who is this more responsible person that you are alluding to Dawg? And you seriously don't think someone winning the WH will fix anything? You were kidding, right?
Rob Dawg wrote:
Link please...
We need a change. O is not working.
When did we hear that one from you before? Oh yeah, Jan, 21, 2009...
Eric wrote:
"Um, yeah.... I'm guessing JFK didn't exactly have transparent finances."
Agreed.
Joseph P. Kennedy, Sr. - Wikipedia, the free encyclopedia.
"In 1919, he joined the prominent stock brokerage firm of Hayden, Stone & Co. where he became an expert in dealing in the unregulated stock market of the day, engaging in tactics that were later labeled insider trading and market manipulation. "
After Franklin Roosevelt called Joe to Washington, D.C. to clean up the securities industry, somebody asked FDR why he had tapped such a crook. "Takes one to catch one," replied Roosevelt.[25]
According to Harvey Klemmer, who served as one of Kennedy's embassy aides, Kennedy habitually referred to Jews as "kikes or sheenies". Kennedy allegedly told Klemmer that "[some] individual Jews are all right, Harvey, but as a race they stink. They spoil everything they touch."[30]
Kennedy's close ties with Republican (GOP) Senator Joseph McCarthy strengthened his family's position among Irish Catholics, but weakened it among liberals who strongly opposed McCarthy."
energyecon wrote:
True then, true now.
Romney: no change you can't believe in
ac wrote:
That headcount was never added, just overtime hours and temporary workers. That is where you will see any reduction first.
Eric wrote:
Except the banks are wealthier, and the debt $5t greater.
This must be good news. I got 20 hidden comments on this thread already.
No New Greece Debt Deal Near
have a good day....
Joe was evil, but he was also the greatest business mind of his generation. He played four or five industries like a fiddle, most of us are lucky to play one.
Not advocacy mind you, but description - regardless of date and circumstance, same same same same same same same...
(FD: did not vote for anybody for Pres in 2008)
Former Idealist wrote:
Funny how noone talks about Greece anymore.
Europe must act fast to avoid the risk of a bank run -
Term Sheet
By Sheila Bair, contributor
FORTUNE -- Europe is starting to look more and more like the U.S. as it headed for the cliff in the fall of 2008.
"cliff" terminology alert
No one talks about what anymore?
YouTube - The Midnight Special 1980 - 14 - Frankie Valli & The Commodores - Grease.mkv
She-bair is a definitely a contributor.
energyecon wrote:
That is why anybody lost.
Yancey Ward wrote:
On to the main event, Greece was always just the tripwire for Spain and Italy, no?
Yancey Ward wrote:
Technically, I guess that makes the 2004 olympics the tripwire of the tripwire.
energyecon wrote:
I am thinking France.
On to the main event, Greece was always just the tripwire for Spain and Italy, no?
And who are Spain and Italy a tripwire for?
:domino theory:
i thought Greece was supposed to bring about financial armageddon. now, I wait for Spain. all this fear mongering/
watching sure is exhausting.
The leg bone's connected to the ankle bone...
greenchutes wrote:
Does anyone care about the Summer Olympics at all? I mean, I like skiing, and hockey, and even enjoy the strategy of curling.
But track and field? Swimming?
I'll bet Greek citizens feel the armageddon.
olympics? they make cameras, right?
Europe must act fast to avoid the risk of a bank run -
Term Sheet
July 9, 2012: 5:00 AM ET
By Sheila Bair
FORTUNE -- "Europe is starting to look more and more like the U.S. as it headed for the cliff in the fall of 2008. The continent's banking system is fragile and overleveraged. Making a scary situation even scarier is the lack of a central, credible authority to protect European bank depositors against losses should their banks fail. While Europe has not experienced any bank runs -- yet -- banks in Greece, Spain, and, to a lesser extent, Italy have experienced bank "jogs," in which depositors have withdrawn significant amounts of cash."
j0nx4, 13 minutes ago
"Once again: go away Sheila. You had your chance to do something 4 years ago when you were running things and instead you decided not to rock the boat and to allow criminal behavior and fraud to go unpunished. We don't need nor do we want you armchair quarterbacking the game now. GO AWAY!"
Does anyone care about the Summer Olympics at all?
No, but then I never did. I only like the winter sports - skiing and luge.
RockyR wrote:
Well, and fraud.
Yeah, I like watching the swimming and diving and some of the track stuff. I also like watching gymnastics.
greenchutes wrote:
They must have run out our trillion dollar stimulus.
There's a lesson there - if you're going to let pols drown your country in debt, make sure you do it with your own major sovereign currency.
Eric wrote:
The Summer Olympics need ice swimming events, and the track athletes need to be running from something, like a bear or a moose.
"olympics? they make cameras, right?"
Olympus makes cameras, Olympics make commercials.
Former executives, bankers arrested over Olympus fraud
| Reuters
Yancey Ward wrote:
how about angie merkel on a moped?
Eric wrote:
Blame Romney for monetizing it.
Seriously, the downfall can be summed in two words; "Dream Team." IOW professionalization.
are US gymanists now required to do their performances to songs performed by American Idol winners?
The Olympics have been nothing but an advertising blitz for decades.
There's a lesson there - if you're going to let pols drown your country in debt, make sure you do it with your own major sovereign currency.
So you're saying that euro inclusion was a great tactic for sovereign control?
:sovereign control rights:
RockyR wrote:
Even better: songs performed by the American Idol audition losers. ("She bangs, she bangs...")
Does anyone care about the Summer Olympics at all?
not until they allow joey chestnut to compete
might as well start blaming Romney for the economy now, too.
the track athletes need to be running from something, like a bear or a moose.
Maybe Spain ought to throw a few bulls into the mix.
http://www.hispanicallyspeakingnews.com/uploads/images/normal-images/Spain_Bull_Run.jpg
Romney gave me gout!
Yancey,
I put this up yesterday, but it did not produce any comments perhaps because the thread turned into something of a donnybrook.
Sandals in Cyberspace (8 Jul 2012)
This is up today In Yves Smith’s links: Leaving the euro: A practical guide Roger Bootle. Late to this, which won the Wolfson Prize
It is very comprehensive on the various options involving Greece and some of the other eurozone members. £250,000
This article gives a brief view of this year’s prize: Euro exit plan wins Wolfson prize | Business | guardian.co.uk
The prize is a £250,000 award. The Guardian piece is a good, brief summary or this year’s prize.
More locally, I have wanted to put these links up for some time: Personal Weather Station *SV2BBO* Thessaloniki, GREECE
It is a site that provides information about Thessaloniki’s weather. It also has a live camera feed of the current weather at Kamara, the area of an arch downtown that was built to commemorate the victories of Galerius over the Persians in 297 CE.
This one is the forecast for the next six days: weather for: THESSALONIKI : (meteo.gr) weather forecasts
Both of these links go to the English versions.
"might as well start blaming Romney for the economy now, too."
I don't think anyone can hog all the glory.
might as well start blaming Romney for the economy now, too.
He's rich too, so it'll make good game.
we could replace archery targets with politicians. i'd watch it, then!
Eat more cherries....not kidding.
Cherries May Cut Risk of Gout Flare-ups
Comrade Kristina wrote:
Don't downplay the propaganda angle from teh Cold War daze - Lake Placid '80 -
!
Miracle on Ice - Wikipedia, the free encyclopedia
Olympic Shooting - Schedule, Results, Medals | London 2012
Chris
sorry, Whiskey, I think it was dick morris who did that.
Yeah, that was about vomit inducing in it's transparency.
RockyR wrote:
Or just tie them down on the javelin field.
Rob Dawg wrote:
what about uberr... uebre.... that guy?
energyecon wrote:
It still boggles my mind that they couldn't get that game on TV live.
Or just tie them down on the javelin field.
or a 'Hard Target' obstacle course
Only a SOCIALIST would use cherries, or worse still drinking water, to control gout. You should get a prescription drug and help GDP.
"Does anyone care about the Summer Olympics at all?"
Only if politicians were archery targets.
It still boggles my mind that they couldn't get that game on TV live.
Renee Pouissant(?) remembered by many in DC area
Yancey Ward wrote:
Nor Lehman's sub-prime holdings...
I actually think it had nothing to do with german fantasies of continental domination 4.0.
And I love the open borders, though that has nothing to do with the EMU directly. It would have worked if they kept it in old merovingia. Including places like southern italy, greece, portugal, great britain and ireland etc in a vision of "europe" is ridiculous.
If you share a border with germany AND your nation had enough intellectual turnover such that it has an even spread of nominal catholics and protestants and an actual current plurality of atheists, you're in europe. Spain was run by franco into the seventies.
Ya my bad, how dare me not pump my body full of unnecessary drugs...to the camp with me.
By the way a pound of Cherries here is $3.49lb...so I am helping lol
Oh, that was the real deal - it got played many ways, to be sure - but them winning was the longest of long shots, in fact they had to win again after beating the Soviets:
Part of Bootle's plan-
Secret - yeah, that'll work...
Whiskey wrote:
You're lucky, He gave me Olympic Fever.
For some reason, we gringos don't like to memorialize the soviet victory over our hoopsters a decade or so earlier.
energyecon wrote:
Now that is motivation!
I've got a Romney fever, and the prescription is more Opening Bell.
Libor Scandal: Manipulation Spanned Decades, According To Reports
07/09/2012 10:38 am
Though the Libor scandal is just breaking now, some financial insiders claim that Wall Street's been fiddling with the key interest rate for decades.
"Fifteen years ago, the word was that LIBOR was being rigged," a financial industry veteran involved in the Libor process told the Economist. "It was one of those well kept secrets, but the regulator was asleep, the Bank of England didn't care, and...[the banks involved were] ....Experts say it is unlikely that Barclays acted alone. Other banks under investigation for allegedly fixing the Libor rate include JPMorgan Chase, Citigroup, Bank of America, and UBS. Roughly 18 banks help set the Libor rate every day.
Indeed, the Federal Reserve was worried about possible Libor manipulation 14 years ago, according to Business Insider."
The LIBOR scandal: The rotten heart of finance | The Economist
"THE most memorable incidents in earth-changing events are sometimes the most banal. In the rapidly spreading scandal of LIBOR (the London inter-bank offered rate) it is the very everydayness with which bank traders set about manipulating the most important figure in finance. They joked, or offered small favours. “Coffees will be coming your way,” promised one trader in exchange for a fiddled number. “Dude. I owe you big time!… I’m opening a bottle of Bollinger,” wrote another. One trader posted diary notes to himself so that he wouldn’t forget to fiddle the numbers the next week. “Ask for High 6M Fix,” he entered in his calendar, as he might have put “Buy milk”.
What may still seem to many to be a parochial affair involving Barclays, a 300-year-old British bank, rigging an obscure number, is beginning to assume global significance. The number that the traders were toying with determines the prices that people and corporations around the world pay for loans or receive for their savings. It is used as a benchmark to set payments on about $800 trillion-worth of financial instruments, ranging from complex interest-rate derivatives to simple mortgages. The number determines the global flow of billions of dollars each year. Yet it turns out to have been flawed."
greenchutes wrote:
They would still be playing that game right now if the Soviets hadn't tossed in that shot 40 years ago.
All fiat currencies turn into giant crime waves.
The whole point of transitioning to a fiat currency is to rob people.
Fiat is the manifestation of the intent to steal.
Golly - you mean central bank aiding and abetting of brazen manipulation started to really get out of control at almost the exact time as LTCM?
The concept seem's good enough. Just have to get rid of that pesky "human nature" deal...
Eric wrote:
I love the swimming and the short distance track and field events. But I was swimmer and a sprinter in HS and a sprinter in college.
What the Summer Olympics really needs is a singing and dance competition.
German president tells Angela Merkel to come clean on EU debt deal - Telegraph
After World War I it was LON
UN after World war II
What will be the extent of security council dilution after the current crisis?
Don't we have synchronized swimming for the dance portion? Well, that and gymnastics kinda. What can we get for singing?
LIBOR is not flawed, it's fraud.
the entire system built on lying and malfeasance. imagine that. now, how do we rid ourselves of it?
it's the only way. very sad.
Cobradriver wrote:
I'm only interested what they do with the 700K condoms issued out in Olympic Park last time.
"Golly - you mean central bank aiding and abetting of brazen manipulation started to really get out of control at almost the exact time as LTCM?"
You have a good memory. The song remains the same.
Comrade Kristina wrote:
Yeah. We could liven things up a bit with some sharks, I think.
I am all for Pitch forks and Brimstone...
Ok so who is taking up the front?
Yancey Ward wrote:
YouTube - Austin Powers - Sharks with lasers
I love the swimming and the short distance track and field events.
i'd watch if flava flav doing commentary
i didn't say I am FOR it, I'm just stating what I feel is inevitable.
BUY. MOAR. EUROZZZ....
"I'm only interested what they do with the 700K condoms issued out in Olympic Park last time."
Vancouver Now - Emergency shipment of condoms headed to Olympic athletes - Post Sports
Health officials in Vancouver have already provided 100,000 free condoms to the roughly 7,000 ahtletes and officials at the Games. That's about 14 condoms per person. But as of Wednesday, those supplies started running dangerously low."
ironryanis wrote:
Posted 2010/02/28
"Why doesn't the olympic committee make this part of the compitetion. It could be "sex on ice" the gold goes to the team with the most stamina. NBC could make a killing on advertising durring that event. The Europeans could probably win something."
Hardly Rock
http://farm8.staticflickr.com/7149/6710436075_56b53357a5_z.jpg
They are way to busy.
black dog wrote:
Yeah boy
some jail time would be good for the price fixers, but government seems willing to prosecute their own.
Italy's Version Of Austerity: 3 Months Of Vacation | ZeroHedge
"Today we hear of the progress in Italy as la Republica explains the incredible provocation of the under-secretary of the economy Gianfranco Polillo that: "We are in a country where you work an average of nine months each year, and I think that now we must think that these nine months of work are too short, if we gave up one week of vacation, we would have an immediate impact on GDP of around 1%"
Meh. Almost every adult in the developed world has had a place in the ZIRP scam.
Leave my ZIRP be...
American Capital Agency Corp., AGNC Stock Quote - (NASDAQ) AGNC, American Capital Agency Corp. Stock Price
Kayaker on being trailed by great white shark: I just 'turned and paddled' - U.S. News
greenchutes wrote:
Where did the two million people at the Catholic Youth Festival in Madrid come from - space ships?
Speaking of Zirp-
The Associated Press: France sells bonds at negative interest rate
Unemployment offices?
Mexican Drug Cartel Laundered Money Through BofA, FBI Alleges
07/09/2012 11:03 am
"A federal probe into Los Zetas, a Mexican drug cartel, claims that the group has been laundering money through accounts at BofA, according to a recent report in The Wall Street Journal.
An FBI affidavit filed in Texas last month says that the Mexican drug cartel has been reportedly funneling cash through a Texas-based racehorse business with BofA accounts. The U.S. government has described Los Zetas in the past as "the most technologically advanced, sophisticated and dangerous cartel operating in Mexico."
In the past, Mexican drug syndicates have allegedly used BofA accounts to buy planes to transport cocaine, according to Bloomberg. Between 2004 and 2007, the bank was also the alleged destination for almost $10 million in illicit funds from an influential political family in Equatorial Guinea.
BofA has admitted such errors in the past."
Nice to see tax dollars supporting a worthy cause.
YouTube - Push it to the Limit
ciao.
Yeah, it was all just an honest mistake...yeah.
Tony Montana would be proud.
whale surfaces within paddle reach of kayaker ... sandbridge, va
Sandbridge Whale
RayOnTheFarm quoted:
Spanish, Italian Bonds Drop Before Finance Ministers Meet - Bloomberg
Jul 9, 2012 9:59 AM ET
"German two- year note yields dropped below zero for a second day as the government sold six-month bills at a record-low yield of minus 0.0344 percent, while France auctioned similar-maturity debt at at a negative yield for the first time."
Roubini: My 'Perfect Storm' Is Unfolding Now - Yahoo! Finance
Eric wrote:
YouTube - The Doors - Riders on the Storm (original album version) - Music Video
Yancey Ward wrote:
Piranha 3DD (2012) - IMDb
BofA has admitted such errors in the past."
B of A needs to spend 30 days in jail
black dog wrote:
I'll take the over.
Yes, but even though corporations are people (mittens told me that) they can't be held accountable by putting them in jail. You just fine them a little bit and let them go back to doing what they do best...stealing and lying.
Pretty sure laundering the $$$ of gun-running drug dealers is part of doing God's work. Someone has to reach out to those sinners you know......
Mr Holder would you like to say a few words...
black dog wrote:
Him in the same booth with Costas would be gold, Jerry!
Excellent point and so true
A positive thought for the morning from Nouriel:
Yeah, he was extra gloomy in that interview. I was just surprised he actually vocalized that nothing will change until they get taught a lesson and put in jail or some "hang in the streets". Dang
Comrade Kristina wrote:
O agrees by supporting the same practice.
And the break out....man this is a beauty of a run.
American Capital Agency Corp., AGNC Stock Quote - (NASDAQ) AGNC, American Capital Agency Corp. Stock Price
Fed's Williams: Job market gains at snail's pace - MarketWatch
The 2% FICA cut is being made up with printing.
"A temporary reduction in the Social Security payroll tax rate reduced payroll tax revenues by $103 billion in 2011 and by a projected $112 billion in 2012. The legislation establishing the payroll tax reduction also provided for transfers of revenues from the general fund to the trust funds in order to "replicate to the extent possible" payments that would have occurred if the payroll tax reduction had not been enacted. Those general fund reimbursements comprise about 15 percent of the program's non-interest income in 2011 and 2012."
. . .
"After 2020, Treasury will redeem trust fund assets in amounts that exceed interest earnings until exhaustion of trust fund reserves in 2033, three years earlier than projected last year. "
. . .
"Under current projections, the annual cost of Social Security benefits expressed as a share of workers’ taxable earnings will grow rapidly from 11.3 percent in 2007, the last pre-recession year, to roughly 17.4 percent in 2035"
So the trust fund is good until 2033, and around then we're going to need to raise FICA 5%.
If I were running things I'd raise FICA 0.5% every year for 10 years. An extra $5/week for the $50,000/yr worker.
It's really stupid how we can't make gradual changes gradually. We're too politically immature to actually stick to anything.
Option two is just as nice
Two Harbors Investment Corp., TWO Stock Quote - (NYSE) TWO, Two Harbors Investment Corp. Stock Price
Of course he does. He works for the 1% just like the rest of them. Why would he be different?
/It's really stupid how we can't make gradual changes gradually. We're too politically immature to actually stick to anything. /
greenchutes wrote:
Falling off the back end of UE is the place for some?
Wage earners pay almost 15% now to SS and Medicare.
The 2% FICA cut is being made up with* borrowing*
Sorry for the long quotes
Sandals at Delphi (9 Jul 2012)
I have not been back to Delphi in quite a few years, but I let my daydreaming sandals take me there today, since it resonates in my mind with much that is in the news today. It is spectacularly beautiful. It was also the site of the Pythian Games, one of several competitions like the Olympics. The Pythian Games had laurels for music as well as athletics. In addition, it was the site where many Greek city-states kept their treasuries: Delphi - Wikipedia, the free encyclopedia
‘From the entrance of the site, continuing up the slope almost to the temple itself, are a large number of votive statues, and numerous treasuries. These were built by the various Greek city states — those overseas as well as those on the mainland — to commemorate victories and to thank the oracle for her advice, which was thought to have contributed to those victories. They are called "treasuries" because they held the offerings made to Apollo; these were frequently a "tithe" or tenth of the spoils of a battle. The most impressive is the now-restored Athenian Treasury, built to commemorate the Athenians' victory at the Battle of Marathon in 490 BC.
‘In addition, Pausanias relates that at the time of the Persian invasion in 480 BC the Athenians were advised by the oracle to put their faith in their "wooden walls" — taking this advice to mean their navy, they won the famous battle atSalamis. Several of the treasuries can be identified, among them the Siphnian Treasury, dedicated by the city ofSiphnos whose citizens gave a tithe of the yield from their gold mines until the mines came to an abrupt end when the sea flooded the workings.
‘Other identifiable treasuries are those of the Sikyonians, the Boetians and the Thebans. One of the largest of the treasuries was that of Argos. Built in the late Doric period, the Argives took great pride in establishing their place amongst the other city states. Completed in the year 380, the treasury draws inspiration mostly from the Temple of Hera located in the Argolis, the acropolis of the city. However, recent analysis of the Archaic elements of the treasury suggest that its founding preceded this.
‘As a result of these treasuries, through the protection of the Amphictyonic League, Delphi came to function as the de-facto Central Bank of Ancient Greece. It was the abuse of these treasuries by Philip of Macedon and the later sacking of the Treasuries, first by the Celts, and later by Sulla, the Roman Dictator, that led to the eclipse of Greek civilization and the eventual growth of Rome’ [my bold].
I think much of this history is not lost on Greeks as they ponder the 'bailout.'
Any new
today? Or just the regular 
?
Obama is talking -
Problem is that the prescription drug of choice -- Colchicine -- is no longer available at reasonable prices in the US. See Colchicine price increase: how drug companies are taking advantage of the FDA's Unapproved Drugs Initiative. - Slate Magazine It may be available from overseas sources at sane prices. Of course, importing it -- even for personal use -- isn't especially legal I believe.