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Friday, April 4, 2014

Mish's Global Economic Trend Analysis: Venezuela Decrees "All Properties Leased for 20 Years Will Be Sold to Tenants in 60 Days at Government Set Prices"

Mish's Global Economic Trend Analysis: Venezuela Decrees "All Properties Leased for 20 Years Will Be Sold to Tenants in 60 Days at Government Set Prices": Venezuelan president Nicolas Maduro proves once again the capacity for stupidity is virtually unlimited.

Today Maduro mandated that any properties leased for 20 years or longer will be sold to current tenants at government mandated prices, essentially confiscating all long-term rental properties.



Thursday, April 3, 2014

David Letterman Retiring From CBS in 2015 « Nerdist

David Letterman Retiring From CBS in 2015 « Nerdist: Late Night with…Chris Hardwick?

Doctor Deficit Will Devastate US Health Care - The American Interest

Doctor Deficit Will Devastate US Health Care - The American Interest: A disaster looms for U.S. health care: WaPo reports that an alarming number of doctors say they are fed-up, stressed out, overworked, and micro-managed in their primary care practices. The result? By 2020 the U.S. medical system will have 45,000 fewer primary-care doctors than we need, according to the Association of American Medical Colleges. Some doctors are retiring altogether, while others are taking jobs at hospitals

U.S. built secret 'Cuban Twitter' to stir unrest: AP - Yahoo News

U.S. built secret 'Cuban Twitter' to stir unrest: AP - Yahoo News: "renegotiate the balance of power between the state and society."

Residents wheeze as England hit by 2nd day of smog - Yahoo News

Residents wheeze as England hit by 2nd day of smog - Yahoo News: Gary Fuller, an air-quality expert at King's College London, said Britain's recent smog had caught public attention partly because it could be seen. Motorists awoke earlier this week to find their cars covered in red dust from a storm in the Sahara desert.

"Normally air pollution is sort of invisible," he said.

WSJ: Emails Show IRS' Lerner Targeted Tea Party Groups

WSJ: Emails Show IRS' Lerner Targeted Tea Party Groups: New IRS emails raise doubts about the agency's claims that its targeting of conservative groups wasn't politically motivated and that it was low-level IRS workers in Cincinnati who masterminded the operation.

Wednesday, April 2, 2014

Twitter / trafficLARA: via @ChinitaGuara: La GNB lanzo ...

Twitter / trafficLARA: via @ChinitaGuara: La GNB lanzo ...

Twitter / DefendWallSt: Welcome to Crazy Ivan's house ...

Twitter / DefendWallSt: Welcome to Crazy Ivan's house ...

Twitter / RayliLujan: Recolección de lo usado por ...

Twitter / RayliLujan: Recolección de lo usado por ...

Blog: French Socialism Melting Like the Wicked Witch

Blog: French Socialism Melting Like the Wicked Witch: French President and Socialist Party leader Francois Hollande announced the resignation of Prime Minister Jean-Marc Ayrault and his replacement by hard-line anti-immigration and anti-crime crusader Manuel Valls. The action demonstrates the ruling Socialist Party’s desperation to reinvent itself after being trounced in municipal elections over the weekend. As Europe’s economic malaise continues, even the Left is trying to transform itself into nationalists. But French socialism is melting like the Wicked Witch of the East in the Wizard of Oz.

Manuel Valls represents the extreme right wing of the Socialist Party and his rise to power announces the beginning of a radical turn for Europe’s Left.



Democrats and Republicans Are Driving America off the Fiscal Cliff

Democrats and Republicans Are Driving America off the Fiscal Cliff

Monday, March 31, 2014

Twitter / claudiapapo: “@EluinG: RT lilian rangel ...

Twitter / claudiapapo: “@EluinG: RT lilian rangel ...

The Cities Where Even 3 Minimum Wage Jobs Won't Pay the Rent - Richard Florida - The Atlantic Cities

The Cities Where Even 3 Minimum Wage Jobs Won't Pay the Rent - Richard Florida - The Atlantic Cities: Inequality has risen across America. Once high-paying middle class jobs have disappeared, as the job market has cleaved into high-wage knowledge and professional jobs and an even larger number of low-pay, low skill service positions. The result of this cleaving has been increasingly unaffordable housing, especially in the high-priced cities supposedly suffering least in the wake of the recession.

A report released this week by the National Low Income Housing Coalition, Out of Reach 2014, identifies the growing gap between housing and wages across the United States. To get at this, it uses a metric it calls the "housing wage" – the wage Americans would need to pay for a two-bedroom unit at market rent, devoting the recommended 30 percent of their income to housing costs. The housing wage for the country as a whole is $18.92 an hour, up 52 percent since 2000. Across the country, this means it would take an average of 2.6 full-time minimum-wage jobs to afford a modest two-bedroom apartment.

Silent Sebelius | Washington Free Beacon

Silent Sebelius | Washington Free Beacon: “At last check, 64 percent of Oklahomans aren’t buying into the health care plan, they don’t like Obamacare, and they’ve been pretty vocal about it,” said the reporter. “Now that’s going to be — still continue to be — a tough sell, but we’ll see how that plays out over the coming months.”

Sebelius decided to ignore the statement and awkwardly sit in the front of the camera in silence.



Far-Right Gains In French Election As Hollande's Socialists Admit "Unquestionably A Defeat" | Zero Hedge

Far-Right Gains In French Election As Hollande's Socialists Admit "Unquestionably A Defeat" | Zero Hedge: A week after initial votes showed the far-right anti-Euro National Front party gaining ground in French municipal elections, it appears the ongoing disappointment in the ruling Socialists is increasing (amid record joblessness).

Is College A Waste Of Time And Money?

Is College A Waste Of Time And Money?: At most U.S. colleges, the quality of the education that you will receive is a joke, the goal of most colleges is to extract as much money from you and your parents as they possibly can, and there is a very good chance that there will not be a "good job" waiting for you once you graduate. And unless you have someone that is willing to pay your tuition bills, you will probably be facing a lifetime of crippling student loan debt payments once you get out into the real world. So is college a waste of time and money? In the end, it really pays to listen to both sides of the debate.

Brooklyn GOP Radio: All My Children

Brooklyn GOP Radio: All My Children: The Mayor refuses to show any signs of compromise, and argues that co-location of charter schools was a rush decision made by the previous administration. With no contingency plans for the co-location reversal, these schools are now left to fend themselves.

As a result of the Mayor's political posturing, over 700 kids - mostly minority students from low-income families - are now forced to return to failed neighborhood schools they have tried to escape.

The Obama Paradox » CounterPunch: Tells the Facts, Names the Names

The Obama Paradox » CounterPunch: Tells the Facts, Names the Names: Who knows what Obama really thinks about the issues of the day or how he understands the relation between his words and his intentions. All we can say for sure is that his words are noncommittal and vague; and that, for all practical purposes, he and his fellow Democrats are on the same page as the Republicans.

This is hardly surprising; they feed from the same trough. Their antagonism is tactical, not strategic or ideological.

The Obama Paradox » CounterPunch: Tells the Facts, Names the Names

The Obama Paradox » CounterPunch: Tells the Facts, Names the Names: Some voters did have more specific expectations. Some thought that Obama would wean the country off neoliberalism. With a financial and economic meltdown raging, the time was ripe.

Some expected him to restore the rule of law at least to pre-9/11 levels; many hoped and expected that Bush era war criminals would be brought to justice.

Others thought that the Democratic Party would become more like what it had been before the Clintons had had their way with it.

The list goes on.

Of course, nobody knew what “change” meant to Obama. Perhaps Obama didn’t know either. He could hardly have been more vague.

The Obama Paradox » CounterPunch: Tells the Facts, Names the Names

The Obama Paradox » CounterPunch: Tells the Facts, Names the Names: Obama’s most ardent supporters, the ones who stuck by him as it became clear that change wasn’t happening, blamed the Republicans; many still do. Corporate America gives them a nightly forum; they call it MSNBC.

Dodd-Frank: Not so good for consumers - myjournalcourier.com

Dodd-Frank: Not so good for consumers - myjournalcourier.com: In 1994, the Clinton administration began pressuring mortgage lenders to lower credit standards, so lower income and minority families could qualify for mortgages. That policy led to the creation of 28 million sub prime mortgages or 50 percent of all mortgages.

When the housing bubble burst in 2007, housing prices plummeted for the next two years. The price of many houses fell below their mortgage balances. Many owners opted to default which caused the housing crisis.

Dodd-Frank Veterans Move To Private Sector Jobs : Personal Liberty

Dodd-Frank Veterans Move To Private Sector Jobs : Personal Liberty: If you were among the Washington government workers who helped bring the Dodd-Frank Wall Street Reform and Consumer Protection Act to life, the chances are good that you’re now entertaining a host of attractive job options in the private sector.

That’s because there are plenty of companies right down the street from your old government digs that need your expertise in order to stay on the right side of the law. And who better to hire than those who helped roll out the law?

How community bank Century Bank tackles Dodd-Frank's 19,000 pages - Albuquerque Business First

How community bank Century Bank tackles Dodd-Frank's 19,000 pages - Albuquerque Business First: How do small banks read the 19,000 pages of regulatory text that is now the Dodd-Frank Act?

They don’t.

e-Book: The Current State of Dodd-Frank Compliance - Compliance Week

e-Book: The Current State of Dodd-Frank Compliance - Compliance Week: Although the Dodd-Frank Act was signed into existence in July 2010, nearly four years later the Securities and Exchange Commission and other regulators are still completing the rules and regulations to put the law into effect, and much of it remains a work in progress. While we've worked to cover every phase of that rulemaking, from proposal to final rule, we thought it was a good time to step back and consider Dodd-Frank as a whole.
In our four-part special e-Book on the law, produced by Compliance Week in cooperation with Bloomberg Vault, we look at the current state of Dodd-Frank compliance: what is still to come, how it is already changing corporate governance, early projections on the cost to companies of implementing its many provisions, and if it is having the effect, so far, that legislators intended.

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