Best wishes to all for a safe, relaxing holiday. We’ll see you back here Monday evening.
❖Things are still hopping in Montreal, with protestors arrested now numbering 2,500, bogging down the judicial process. Originally, the protests were about huge tuition hikes, but the government response of imposing very restrictive measures on the protests, and huge fines for violating them, has further inflamed the situation.
❖Occupy Homes MN has saved one family from being evicted from their home after PNC Bank foreclosed because the bank itself “failed to withdraw a monthly payment, then demanded two months’ late payment for their own mistake”.
❖If you want to know what percentage of houses in your ZIP are underwater, just go here.
❖”A leading economist says Congress needs to act fast on refinancing legislation to help the most homeowners and give the improving housing market a boost.” That would be Mark Zandi who pointed out the pending legislation extend help to those who are underwater but keeping their payments current.
❖Simon Johnson has a very interesting article up, complete with link to a petition, exploring in some detail the–ahem–appropriateness of the certain connections of one Jamie Dimon to the Federal Reserve.
❖Morgan Stanley says it will refund Facebook investors who overpaid for Facebook stock last Friday, though how they know how much anybody overpaid was not revealed.
❖”Wall Street giant Goldman Sachs plans to invest $40 billion into projects linked to renewable energy over the next decade . . ..”
❖Leonie Industries, a defense contractor, became so upset with USA Today journalists who reported that the firm “owed at least $4 million in federal taxes”, that they launched a campaign against them. Fake Twitter and Facebook accounts and websites were set up in the reporters’ names, negative comments about them were made on a host of internet sites, etc. DOD is reviewing the matter and will take appropriate action.
❖”I would rather say nothing otherwise I would only have ugly things to say,” said former Vatican Bank Chief Chairman Ettore Gotti Tedeschi after he was fired by the Board of Directors. In 2010, Italian prosecutors seized $29 million “from a Rome bank account registered to the [Vatican Bank] amid suspicions of money-laundering . . ..
❖A US drone hit a mosque in North Waziristan on Thursday, killing at least 10 people, following a drone hit on a house in North Waziristan a day earlier which killed four. Such attacks don’t bode well for “reconciliation” between the US and Pakistan following the November NATO air raids that killed border patrols.
❖UN nuclear inspectors in Iran “have found uranium enriched beyond the previously reported levels of 20 percent in samplings taken [in February] from [Iran's] new underground fuel enrichment plant . . ..” Currently, six world powers are embroiled in tough negotiations about Iran’s nuclear program, so it’ll be interesting to see what impact the newly announced UN findings will have.
❖“Crosshair” stickers appeared outside the offices of Democratic lawmakers in the MO capital in January but legislation introduced to install security cameras in the state capital building’s hallways failed to pass. Meanwhile, the Missouri House Clerk authorized spending $1100 “on a security camera to keep watch over a new bronze bust of . . . Rush Limbaugh. UPDATE: Reaction to news of the Limbaugh security camera has been so swift and strong that plans for the thing have been scrapped.
❖Wisconsin Democratic candidate for lieutenant governor, Mahlon Mitchell, rallied a crowd of about 110 gathered at a community center and together they all marched to City Hall and voted.
❖FL has stringent requirements that the unemployed must meet before they can receive unemployment benefits. “The National Employment Law Project and Florida Legal Services want the U.S. Labor Department to investigate and overturn the regulations” which they say are the toughest in the country. In 2011, 17% of Florida’s unemployed received benefits compared to 27% nationally.
❖FL Gov Rick Scott (R-of course) continues on his crusade to purge the state’s voter rolls. One example includes the 60-year old owner of a small business who’s lived and voted in FL for 40 years, but who has received notice that she was not born in the US (she was, in Ohio) and therefore is no longer eligible to vote in FL. Remember Katherine Harris who managed to purge 7,000 FL voters in 2000?
❖A NLRB administrative law judge has ordered a new union election at a Long Island Target story. The June 2011 election was contested by The United Food and Commercial Workers Union Local 1500, arguing that “Target illegally intimidated workers for months leading up to the vote” (137-85 against unionization).
❖Detroit will be “eliminating almost half its streetlights.” Although several towns across the country have cut back on the number of streetlights, Detroit’s action will cover “more area than Boston, Buffalo and San Francisco combined.”
❖Why can’t we get this right? “A multibillion-dollar federal initiative to move low-income elderly and disabled people from long-term care facilities into the community has fallen far short of its goals . . ..”
❖Or this? Increasingly, ordinances are being used (or new ones issued) to essentially outlaw being homeless. In Madison, WI, police are now issuing $180 tickets to homeless persons who ask passers-by for a cigarette.
❖And this? The US “is one of three [countries] that does not offer paid maternity leave” to women. The Family & Medical Leave Act provides for 12 weeks of unpaid leave, but only 11% of private and 17% of public employees report they had access to such leave.
❖”A second federal judge in California has struck down a law denying benefits to partners in a gay marriage.”
❖The FBI is now responding to break-ins and arson at Atlanta-area women’s health clinics and offices of doctors who spoke out against the state’s new law tightly restricting late-term abortions.
❖One of “the disappeared” during Argentina’s Dirty War has been identified. His body washed ashore in 1976, indicating he was one of many thrown alive from aircraft into the sea. DNA evidence has linked him to his daughter, who was only days old when her parents were disappeared. She was adopted by a military family. Her mother has never been found.
❖Although it is one of the poorer Latin American countries, Bolivia is investing in its future. It has received a $20 million International Development Bank loan to “promote cognitive development, socio-emotional and physical development of children under 4 years old”, aimed at 25,000 of its children.
❖Methane gas has been found in “three residential water wells and two streams” in PA, in an area about “half a mile from a Chesapeake Energy hydraulic fracturing drilling pad.”
❖Costs of photovoltaic modules have dropped “nearly 75% in the past three years . . . to the point where solar power is now competitive with daytime retail power prices in a number of countries.” That’s according to a new study which urges policy-makers, planners and home owners others to pay more attention to the benefits of solar power into future planning.
❖CA’s Public Utilities Commission just raised “the maximum total capacity for all rooftop solar systems . . . to about 5,200 megawatts from 2,400 megawatts”. This move was not without its detractors, however, and studies have been ordered to address their concerns.
❖Australia Antarctic Division “scientists estimate there has been as much as a 60 per cent reduction in the volume of Antarctic Bottom Water, the cold dense water that drives global ocean currents.”
❖Also from Australia, we learn “DNA evidence shows that marine reserves help to sustain fisheries“. 2.5 billion people get 20% of their average animal protein intake from fish, and in many parts of the world “fish protein is absolutely essential . . ..” Overfishing has led to depletion of many types of fish and others are in danger.
❖Yesterday we covered Romney’s positions on public schools, including classroom sizes. Obama’s folks have been riding hard on Romney’s intent to expand classroom sizes. Problem is, “the president’s own education secretary [Arne Duncan] has taken a similar position.”
❖Paul Krugman will be on Bill Maher tonight. Also appearing will be Art Laffer, creator of the famous curve. Should be quite interesting, if you have the time and a tee-vee.
❖”The Happiest Countries in the World.
❖Delightful, brief history of “Street Vending in New York City“.
❖The missing JPMorgan Chase money has been found! And other absurd news.
❖And this is something you don’t want to miss, for sure. Peace out.





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About FDL News Desk
Gov. Andrew “Not Mario” Cuomo puts his neoliberal stamp on the NYS Democratic Party,
rewarding Syracuse Mayor Stephanie Miner for cracking down on Occupy Syracuse
with the co-chairmanship of the NYSDP.
Have a great weekend, f.
If all of that is true, remarkable. only at Fatster’s place would I see that.
is that really President Obama puffing on a joint? I can’t tell.
And most of it in the black community.
Don’t know, mafr, could be a spoof. Here’s a link to the book, though.
Thnx, allan.
Thnx, GeorgeJohnston.
Wow, 68% homes underwater in my California zip code — highest 5% in US! Hey Kamala!
Now what would really be interesting would be a correlation by builder and/or mortgage company — like in my area, or state, how many KB Home/Countrywide homes are underwater — or by title, how many MERS homes are underwater? We had a dense major use development project approved here that was totally out of character with our backcountry community, and then the county would not even enforce the environmental protection rules in their own permit. Somehow they lost the oak trees as well as the requirements for drought-tolerant landscaping. Could not, would not see them. For what? I recently heard of one of the KB houses that originally sold new for around $250,000 in 2005 and then sat empty for a long time, just resold for less than $90,000. I believe that all of the houses in that development must be underwater now or have been at some point.
Also not sure if it means 68% of all of us are underwater by some unspecified high or low amount, or if it means all of us together are on average 68% (highly) underwater. (It says “This map from Zillow shows the proportion of homes with negative equity nationwide,” and then when you mouse over an area it says “amount owed as percentage of home value.”) Do you divide 250/90 (2.78 or 278% underwater?) or 90/250 (0.36 or 36% underwater?)? Ugh, math.
Big Wave by Jenny and Johnny –
– she talks about the bobcats taking over a failed development in Lake Elsinore – 2008 news story
I was pretty shocked by the percentage in my ZIP, too, tvt. That 278% is amazing, isn’t it? How defeated people in that situation must feel!
Thanks Fatster; have a great Decorations Day; “The first state to officially recognize the holiday was New York in 1873. By 1890 it was recognized by all of the northern states. The South refused to acknowledge the day, honoring their dead on separate days until after World War I (when the holiday changed from honoring just those who died fighting in the Civil War to honoring Americans who died fighting in any war).” it’s not even a hundred years later and this country never had a ‘reconciliation tribunal’ so what we confront are the ghosts of yesterday still.
“And my traveling companions
Are ghosts and empty sockets
I’m looking at ghosts and empties
But I’ve reason to believe
We all will be received
In Graceland”
Signed Johnson’s petition ; maybe it’ll get onto myfdl. :->)
The ‘underwater’ zip code thing is good though flaky in output in my browser; again, thanks. There’s a vote coming on a ‘planning document’ for my city and it is something people need to be aware of this data.
“Paul Krugman will be on Bill Maher tonight. Also appearing will be Art Laffer, creator of the famous curve. Should be quite interesting, if you have the time and a tee-vee.” ;AND can afford to subscribe to HBO.
“Things are still hopping in Montreal, with protestors arrested now numbering 2,500, bogging down the judicial process.” ; now THAT’S the way you do it !!!
And, yeah, like a homeless person is going to come up with $180 much less show up in court. So what happens? Eventually jailed for not showing up (or somehow does show up but can’t pay the fine) and tthe taxpayers end up spending a LOT more money than $180. Whoever thinks these type of things up and gets them implemented needs to be sent back to school because they lack both simple math and logic skills. Sheesh.
Thank you for the neat history of Decorations Day, ubetchaiam. Very interesting. Do let us know when you get that diary up, too.
Here’s more on the book, mafr.
But CAN you be 278% underwater? That doesn’t seem possible. But when a house is worth 36% of the selling price, is it then 64% underwater? I am wishing for one of those government yellow tags, like the ones that come with refrigerators, to tell you what your equity performance is historically likely to be. If you buy a KB Home, you will be 64% underwater or have walked away and lost everything in 5-10 years, something like that.
In terms of ubetchaiam’s city planning, a good question to ask would be, are they studying to see how their prior assumptions worked out? In our case, I am really curious what the county’s accounting looks like. Maybe they’re still ahead, or maybe they aren’t looking back because whatever’s behind them they need more short-term developer dollars now, and it’s always now? I think one reason local governments like developer projects is because they’re all HOAs now, which means the public govt collects property taxes but is off the hook for providing municipal services.
Remember that Pete Seeger song Little Boxes? “Little boxes on the hillside, little boxes made of ticky tacky, little boxes, little boxes, little boxes, all the same. There’s a green one and a pink one and a blue one and a yellow one and they’re all made out of ticky tacky and they all look just the same.” Those were the good old days, who knew? Now there’s tan ones and there’s beige ones and there’s gray ones and there’s khaki ones.
I think that was Malvina Reynolds, tvt, but Seeger sure popularized it. Let me check.
Yes, it was (nice to know the memory works).
I heard her sing it, and others of hers, once in GG Park for a small crowd of us. Nice memory to have.
Yeah, they are all those boring institutional type colors now, aren’t they?
Here–just as I remember her.
Thanks, Fatster, I never heard of Malvina Reynolds! When we were kids this is like the first song I remember us trying to learn all the lyrics to. My sisters and I sang it in the car. Wait, Johnny Jingo was 1962… and Pineapple Princess was… 1960, really? Small world, big car, long time ago. Hard to believe those were radio songs then, they sound like children’s records. Old friends — haven’t heard any of them in forever, what a trip! (The Jackie Look!) And then the world changed overnight.
nothing worse than a reformed smoker, alcoholic, etc. thanks
Motorola Mobility’s Sanjay Jha leaving with $64.3 million golden parachute
These people just live in a whole separate universe, don’t they? Thnx, allan.