Tuesday, 30 March 2010
News..........
Earth Hour Special
Health premiums could rise 17 pct for young adults
Exclusive Photo Refutes Republican Lie that ObamaCare Failed to Include Mandate for Covering Pre-Existing Conditions.·
Hollywood-style sign for Essex town Basildon
Gordon Brown apologises to Joanna Lumley over Gurkha row
Russia braced for new wave of terror attacks
Britain needs a damn good rocket
Korean War mine 'sunk' South Korean navy ship
Afghanistan: Nato to launch Kandahar assault in June
Volcano tsunami could sink southern Italy 'at any time'
Australian family stranded on Pacific island
Coastguard opens fire on Somali pirates to save hostages
Silvio Berlusconi holds off opposition challenge as coalition shifts right
and finally......
The 10 most annoying corporate-speak phrases and what they really mean
Maritime Disasters of WWII
It's patriotic..................from Rico
That reknowned "deep-thinker" foprmerly of the Senate, Joe Biden is a numbnuts.
He recently remarked that we should pay our taxes (higher taxes) because it was patriotic.
- That 'menu' was missing from the copy of TurboTax software that Timmy Geithner gave me.
The attached chart has convinced me that "paying taxes is glorious" and there is nothing I would rather do than "buy government bonds (debt)."
Yee-hawww.....
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America's Dictatorship
America's Most Privileged Class: the Government Hack. Make sure and visit the Classic Liberal at his site.
Demonstrate Your Ability
London, England
Sales guru, Geoff Burch is at it again. Here he is with Sales Tip No. 61 or #61 if you're reading this in the USA:
Selling is a profession for the showman and Geoff is one of the very best.
To find out more about Geoff, visit his excellent sales website
To find out more about me visit Jeremy Jacobs - Event Host & Presenter
Monday, 29 March 2010
Random Thoughts for the Day.........
I think part of a best friend's job should be to immediately clear your computer's history if you die.
There is great need for a sarcasm font.
How the hell are you supposed to fold a fitted sheet?
I can't remember the last time I wasn't at least kind of tired.
Bad decisions make good stories.
I'm always slightly terrified when I exit out of Word and it asks me if I want to save any changes to the ten-page paper that I swear I did not make any changes to.
I keep some people's phone numbers in my phone just so I know not to answer when they call.
I think the freezer deserves a light as well..
H/T Old Dude
News........
Just Like Bush! Obama Makes Surprise Visit to Afghanistan!
Germans lose fear of climate change after long, hard winter
Armed gang steals hundreds of thousands in Swiss casino raid
Iran 'building two new nuclear enrichment plants'
'Special relationship' with US is over, MPs claim
Queen withdraws from Canadian military tattoo in row over staircase
Iraq election results in doubt as winners face disqualification
and finally.......
ObamaCare's CLASS Failure
CRE walking backwards off a cliff............from Rico
CRE is walking backwards off a cliff.
CRE is a bigger "bubble" than the "sub-prime" residential bubble, and it will have a bigger CRASH, but it's not being talked about much.
- Heck, it 'might' panic the peasants and serfs...better keep telling them in the MSM (especially on TV) that a "recovery" is under way right now. Buy Bonds and Stocks!!
For anyone who detunes from "Prancing With the Stars, American Idiot" or ANY of the fake-but-could-be-real "reality" shows on TV, this is what is actually happening:
There will be a significant number of bankruptcies of Developers and a signiificant number of failures of Community Banks in the years ahead.
- 3,000 Community banks (about 40% of the US banking system) have toxic percentages of exposure to CRE loans. Instead of the "too big to fail" mantra we are ceaselessly bludgeoned with by the financial Talking Heads, think instead "too small to succeed." These smaller banks were essentially locked-out of the residential loan market, so became overexposed to C&D (construction and development) and CRE (commercial real estate) loans. Lucky them.
Last month Moodys (Moodys Delinquency Tracker) reflected the CMBS delinquency rate increasing at the fastest rate so far. All sectors tanked (hotels-office-multi.family) but retail was the worst of the lot. [chart]
- hotel occupancy is down 61%
- architectural billing has declined steadily since 2008 (they design C&D projects)
- CRE rents have dropped for an unprecedented five straight quarters
- mall and strip mall rents are declining while vacancy rates are the highest in 10 years (malls) and are hitting 18-year highs (strip malls)...and averaging 18% and climbing vacancy for ALL US office space
- CRE values have fallen to early 2003-levels, having dropped 40% below the Oct 2007 peak values...walking backwards
The really LARGE losses will start in 2011 and increase from there but the wave has started with the default rate for CRE mortgages held by all US banks more than doubling 4Q2009.
- The official FDIC list of "problem" banks was over 700 by the end of 2009 (compare that to the 2008 list of 252 banks). My best guess is that the "real" list is well over 1,000 banks....and that's the "official" list, the unofficial count will be thousand(s) plural. All small to mid-sized community and regional banks.
- Banks are currently 'telegraphing' to us what lies just ahead by having stopped all CRE lending! They must know something you don't know (well, in fairness, you aren't being told how bad it really is or how bad they think it really will get). [chart]
CRE loans typically have 5-10 year rollovers, and today over half (even most) borrowers do not qualify for rollover or refinance.
- Guess what happens to CRE prices when CRE borrowers start to walk away from "underwater" properties?
Using Obama-Soetoro's favorite words, it will be a financial disaster of "unprecedented" proportions. If you liked the "change" residential real estate gave us, you'll just LOVE this"change".....
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SEARCHLIGHT, NEVADA
Incredible aerial imagery AND video footage . . .
. . . this thing was HUGE, folks . . .
. . . . . . . . . . . . . STORMBRINGER
Sunday, 28 March 2010
IDF Battle Tanks
Merkava tank was completely developed in Israel and is considered one of the best tanks in the world. The layout of the Merkava (Chariot) is unconventional, with the turret and crew compartments to the rear of the vehicle and the engine up front. This was done to improve crew survival in the case of an armor-penetrating hit on front quarter.
More at DoubleTapper
News From the Reb
Knowledge versus Vision: A Curmudgeonly Rumination
Understanding the Mechanics of the Police State
Thugocracy, from Walking Horse
Coming Soon, to a Theater Near You, by Rob De Witt. Join the fray in the comments section. Some fool named Irish Cicero needs to be set right. He's talking crazy again.
Loggin' Bloggin': Saber Rattling
How to Derail the Socialists and Restore America!
Your Two Minutes Hate of the Day, by Belvedere
Using Reagan to Defend Obamacare?
"Organizing For America (the Obamabot organization) has set up a handy-dandy web page so that the Obamatrons can easily write to local newspapers to crow about the wonders of Nancy Pelosi, Harry Reid and Obama Care. The goal, of course, is to get published, and make people feel as if they’re in a community that overwhelmingly supports Obama Care." The Bookworm Room Shows You What to Do
Sorry, Dems: There's No Cure for What Ails You!
Nicki is Highly Subversive. Pretty, too. But you knew that.
Last, but not least: Rule 5 Sunday! A cult we've recently joined.
From your friends at the Reb.
THEY FEAR US
The natives are restless . . .
. . . Sarah urges restraint.
. . . . . . . . . . . . . so does STORMBRINGER
Mother Update:
She has been diagnosed with 'Acquired Haemophilia' and has been move to a specialist ward.
I would like to thank everyone for their very kind support, I will pass it on to her.
Video: Corrigan Brothers There's No One As Irish As David Cameron
Our friends the Corrigan Brothers have released this as a single.
Download from i-Tunes
The Sunday Best..........
Senior bishops call for end to persecution of Christians in Britain
Zuma's 'heir' blamed for inciting attacks on South Africa's white farmers
British forces to withdraw from Helmand under new US plan for Afghanistan
Taliban fighters are 'conditioned' to die in battle, claims former insurgent
Flame-thrower scooter owner arrested
The Household Cavalry: still riding high
Anti-Hugo Chavez TV channel owner arrested in Venezuela
Brown orders generals to travel 2nd class
No, Fritz, we won’t stop mentioning the war
Saudis fund Balkan Muslims spreading hate of the West
White farmers 'being wiped out'
the Clarkypoos Bit..........
You do the ragoût, mon capitaine; I’ll do the nuking
and little Jimmy May.......
The start of a true underground car cult
Not a "safe haven" & NOT a recovery............from Rico
Economic reality versus the MOPE (management of perception economics) underway in our MSM convinces me that our economy is a bug searching for a windshield. There not only is NO recovery, but things will be getting worse.
The Bolshevik benevolence of Congress and the policies of The Red Shed are going to wreck us all.
The "real" DJIA adjusted for inflation has only returned 1.64% versus a 2.5% inflation rate (since 2001).
- "Investing" in the Dow today is like playing a mob-run casino in Vegas or Macau.
The Dollar is no "safe haven" either.
We will soon see:
- Higher taxes
- Reduced entitlements
- A grossly devalued currency
*When you see "revenue" on the graph attached, bear in mind that government revenue derives from TAXES (your money). This is the dashed black line.
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