Random reflections and contemplative thoughts, spiritual insights and humorous anecdotes, fickle film reviews and rambling music musings, occasional (okay, more than occasional) societal and political rants, and a whole lot more... all from the point of view of a humble, constitutional, common sense, conservative, Catholic, work-in-progress kinda guy who never gives up hope, because to be without hope is to become selfish.
Tuesday, June 01, 2010
News on the Personal Front...
Housing, Unemployment & Fraud... OH MY!!!
... More than 650,000 households had not paid in 18 months, LPS calculated earlier this year. With 19 percent of those homes, the lender had not even begun to take action to repossess the property — double the rate of a year earlier...
Unemployment claims in California hit 768,709 in April, a modern-day record and the highest during this recession, state Employment Development Department officials report...Just two years ago in April — a year into California’s recession — the unemployed filed 254,123 claims for benefits, EDD stats show. This April, that number more than tripled as the state remained at a record 12.6% unemployment rate, third highest in the country.
On April 27, 2010, I got a job with the United States Census Bureau in New Jersey. With a hidden camera, I caught four Census supervisors encouraging enumerators to falsify information on their time sheets. Over the course of two days of training, I was paid for four hours of work I never did. I was told to take a 70 minute lunch break, was given an hour of travel time to drive 10 minutes, and was told to leave work at 3:30pm. I resigned prior to doing any data collection but confronted Census supervisors who assured me, “no one is going to be auditing that that level,” and “nobody is going to be questioning it except for you.” Another Census supervisor only said he’d adjust my pay after I gave him a letter recanting my hours.
Thursday, May 20, 2010
And it stoned me...
Tuesday, May 18, 2010
UPDATED: More on the Housing Yo-Yo...
Housing starts touched a 1-1/2-year high in April, but a drop in building permits to a six-month low suggested the housing market recovery may struggle to gain momentum without more government aid.
"... one factor that has experts really scared: homes that are ready to be sold but haven't been put on the market. Right now, there could be more than 4.5 million homes in "shadow inventory," according to a recent report by Barclays Capital.
This so-called shadow inventory is a recent phenomenon. In the past, inventory was either tight or it wasn't. But now, with home prices so low and so many foreclosures on the market, both homeowners and banks have been waiting to put properties on the market.
"These sidelined sellers closely watch the market for signs of a possible turnaround and rush in if there's a hint of good news," said Leslie Appleton-Young, chief economist for the California Association of Realtors.
But as more sellers put their homes up for sale, supplies increase, which will depress prices again. Rinse and repeat ad infinitum.
That vicious cycle could cause prices to bounce up and down for years. "I see a saw tooth bottom," Humphries said. "Prices go up; inventory rises, which sends prices down again. That plays out for three to five years of no appreciation. ... Without price appreciation, it leaves more homeowners in negative equity. That's toxic. Any setback, like a job loss, they go into foreclosure."
The number of homeowners who missed at least one mortgage payment surged to a record in the first quarter of the year, a sign that the foreclosure crisis is far from over.
More than 10 percent of homeowners had missed at least one mortgage payment in the January-March period, the Mortgage Bankers Association said Wednesday. That number was up from 9.5 percent in the fourth quarter of last year and 9.1 percent a year earlier...
More than 4.6 percent of homeowners were in foreclosure, also a record... up... slightly from the end of last year...
The number of American homeowners who have missed at least three months of payments or are in foreclosure has surged to around 4.3 million...
Federal Reserve officials were divided over when the Fed should start shedding some of its vast portfolio of mortgage securities. The tricky endeavor would move the central bank closer to tightening credit for millions of Americans.
Minutes of the Fed's closed-door meeting April 27-28, released Wednesday, showed Fed officials expressed wide-ranging views about when and how the Fed should go about selling some of the $1.25 trillion of mortgage securities bought during the financial and economic crises. The assets were purchased to drive down mortgage rates and aid the housing market.
Its challenge is to sell those assets in a way that doesn't weaken home prices and jack up mortgage rates...
Most Fed officials favored "deferring asset sales for some time." A majority preferred beginning sales some time after the Fed's first increase in its key short-term bank lending rate. Such an approach would postpone any asset sales until the economic recovery was firmly entrenched.
The federal government sill sitting on a crap-load of mortgage securities.
Tuesday Hodge Podge...
Thursday, May 13, 2010
Housing Market Still Has A Long Way To Go...
Monday, May 10, 2010
Times Square Scare Follow-up...
ONE of the most troubling tics of Team Obama is the frantic rush to declare that every terror attack on American soil is carried out by an isolated individual with no connection to al Qaeda or other groups. It was the gist of their rapid response to the failed airline bombing on Christmas Day, to the Fort Hood shooter and, most recently, to the plot by Faisal Shahzad to set off a car bomb in Times Square.
Thursday, May 06, 2010
RE-POST: Bombs Away... (Weekend @ Times Square)
Wednesday, May 05, 2010
A different kind of "surge"...
Monday, May 03, 2010
Bombs Away... (Weekend @ Times Square)
Friday, April 30, 2010
GDP drops, and The One sat on Health Care info...
Wednesday, April 28, 2010
Greece, Portugal, Spain... the U.S.?
Friday, April 23, 2010
Uh oh!!!... (hehehe)
The blacked-out portions of a subpoena request filed by lawyers for former Illinois Gov. Rod Blagojevich -- which were revealed through a simple computer trick -- suggest President Obama may have played a role in finding his own Senate replacement.
Thursday, April 15, 2010
Tax Day Revolt 2.0 - Tea Party Time!!!
FORE!!!.......
In March alone, there were 1,919 foreclosure filings in the county, a 71 percent spike from February and an almost 14 percent increase from a year earlier, according to RealtyTrac. Last month’s filings included 769 default notices, 871 auction sale notices and 279 bank repossessions.
Foreclosures are going to be a problem the rest of the year, said Jack Kyser, chief economist for the Los Angeles County Economic Development Corp.
“We’re climbing out of a basement of a very, very significant downturn,” Kyser said. “We are still losing jobs.”
Experts are mixed on whether the foreclosure fiasco is coming to an end. Some predict another big wave during the summer, when a slew of adjustable rate mortgages are due to reset."
It continues:
The state [of California] accounted for 23 percent of the nation’s total foreclosure activity in the first quarter — more than 216,000 homeowners received foreclosure notices.
Areas hardest hit by foreclosures include Riverside, San Bernardino, San Joaquin and Kern counties.
Among states, Nevada continued to post the nation’s highest foreclosure rate, followed by Arizona and Florida.
UPDATE #2: Okay, maybe not so much good news for potential first-time homebuyers:
A quaint Camarillo three-bedroom house priced at $310,000 sold recently after fetching 11 offers. The winning bid came from an investor who offered $10,000 below asking price. The bank selling the home rejected several solid offers, including one that was $45,000 more than the asking price, with 20 percent down.
The catch? The investor had cash, and the bank wanted a quick close.
Traditional homebuyers are finding it hard to compete as banks try to minimize challenges by going for cash offers, said Kay Wilson-Bolton, a broker for Century 21 Buena Vista.
UPDATE #3: More bad news for the "sand states" here:
Cities in the "Sand States" of Florida, California, Arizona and Nevada, where overbuilding was rampant, are also in trouble, claiming nine of the top 10 spots in our list of cities in free fall. In Las Vegas, Riverside, Calif., and Phoenix, median home prices have fallen 50%, 44% and 37% from their respective peaks. Jobs are vanishing. Though country-wide, employers added 162,00 jobs last month, Riverside gained 13% fewer jobs in February 2010 (the latest numbers available by metro) than it did the same month three years earlier. Tampa, Fla., saw a 10% drop, and Los Angeles added 9% fewer jobs over the same time period.
These cities are also slow to absorb their glut of unsold foreclosed homes, keeping recovery at bay.
"These were highly speculative housing markets," says Jonathan Miller, president of Miller Samuel, a Manhattan-based real estate appraisal firm. "In the markets that have unloaded a lot of foreclosed housing stock there's still a lot more coming."...
... "In California, so many jobs were concentrated in construction," says Michael Fratantoni, vice president of research at the Mortgage Bankers Association, the professional association for real estate financiers. "Jobs building single family homes wound up not being sustainable, and there were a lot of job losses."
Tuesday, April 13, 2010
URGENT PRAYERS AGAIN, PLEASE!!!
Oops!... HAHAHAHA!!!
Thursday, April 08, 2010
One Day, Two Day, Red Face, Blue Face...
Tuesday, April 06, 2010
Monday, April 05, 2010
Obama Edits Jesus Christ Out of Easter Message...
President Obama literally edited Christ out of his "holiday greeting" today when he excerpted a sermon given by a military chaplain on Iwo Jima on Easter Sunday 1945.
Tuesday, March 30, 2010
Wednesday, March 24, 2010
Urgent prayers needed...
Monday, March 22, 2010
Welcome Socialized Medicine, Double-Dip Recession, and Tax-Payer Funded Abortions...
March Madness Run Amok...
Wednesday, March 17, 2010
Thursday, March 04, 2010
A Spending Limit Amendment?...
Wednesday, February 24, 2010
Reid & Pelosi sitting in a tree... and the branch is cracking...
"...Voter unhappiness with Congress has reached the highest level ever recorded by Rasmussen Reports as 71% now say the legislature is doing a poor job.
That’s up ten points from the previous high of 61% reached a month ago.
Only 10% of voters say Congress is doing a good or excellent job..."
Tuesday, February 23, 2010
Iraq... what needed to be said...
"I am not naive. I understand that there are individuals who opposed the war in Iraq from the very beginning and I believe their passion, although misguided at times, is rooted in a deep desire for peace. What always baffled me was the reaction they had to pro-victory veterans when we came home. As if we were some robotic arm of the Bush White House. It was foreign for them to understand why winning in Iraq was so important.
Our friends died in this cause. There is no honor in their death unless we complete the mission they died fighting.
Everyone is exposed to the death of someone close to them at least one time in their lives. Cancer, accidents, sometimes it is sudden or violent. Rarely do we see it. But when we do our lives are affected forever because of it. We live in a culture where there must be a reason for everything that goes wrong. Obama is responsible for job loss. Bush ruined the housing market. The tires that blew out on my car that I was driving was a manufacturing error and not due to the fact that I was driving on the sidewalk.
Someone is responsible for everything that goes wrong in America. It makes us feel better to know it wasn’t our fault.
The war in Iraq was no different. While many scurried to blame Donald Rumsfeld, General Franks or President Bush for losing the war in Iraq, they bet against the American fighting men and women to turn the tide of the war. “The mission” in Iraq was evil...
I don’t begrudge these people. They simply will never get it. They are the type of people you need to protect in a society. They are innocent and naive.
It is the job of the warrior to hide them under the bed and tell them it will be okay, before we run off to combat the threat.
The ones that hold my contempt are those who, even today, know of the sacrifice made, the incredible progress gained and still will not acknowledge what was won on the ground in Iraq. They cheapen the sacrifice of how it was earned..."
Wednesday, February 17, 2010
Sacre Bleu!!! (or maybe that should be "Sacre Rouge"?)
"French wine-makers and dealers were convicted Wednesday of selling millions of bottles of fake Pinot Noir to the US firm E&J Gallo in one of the biggest scams ever to rattle the world of wine.
A court handed out suspended jail terms and hefty fines to 12 people for selling 18 million bottles (135,334 hectolitres) of wine they said was Pinot Noir but which was in fact made from far cheaper grape varieties.
The convicted included executives from wine estates, cooperatives, a broker, wine merchant Ducasse and the conglomerate Sieur d'Arques."
Thursday, February 11, 2010
2/11/10
Tuesday, February 09, 2010
SnowJobbed (aka, "Why I no longer live in Philly")...
Monday, February 08, 2010
Post #800... What Might Happen on Feb 11, 2010?
Iran's Supreme leader Ayatollah Ali Khamenei said on Monday that Iran is set to deliver a "punch" that will stun world powers during this week's 31st anniversary of the Islamic revolution, AFP reported.
"The Iranian nation, with its unity and God's grace, will punch the arrogance (Western powers) on the 22nd of Bahman, February 11, in a way that will leave them stunned," Khamenei, who is also Iran's commander-in-chief, told a gathering of air force personnel according to AFP.
The country's top cleric was marking the occasion when Iran's air force gave its support to revolutionary leader Ayatollah Ruhollah Khomeini, a key event which led to the toppling of the U.S.-backed shah on February 11, 1979.
Tuesday, January 26, 2010
Mahony Balony to Change Soon, Too???
Pope Benedict XVI will soon appoint a coadjutor archbishop of Los Angeles, according to an American Catholic blogger. Writing on the Catholic Vote Action blog, and citing “reliable authority,” Thomas Peters says that Cardinal Roger Mahony has approved the coadjutor, and an announcement is imminent. The coadjutor would succeed Cardinal Mahony when he retires.
Cardinal Mahony has enjoyed a remarkably long tenure as Archbishop of Los Angeles, having taken that post in 1985. However he is still well short of the normative retirement age-- he will not turn 75 until February 2011—and although bishops are obliged to submit their resignations at that age, the Pope frequently delays the appointment of a successor.
However, Cardinal Mahony, who has faced controversy frequently in the nation’s most populous archdiocese—particularly over his handling of sex-abuse complaints—has indicated that he neither expects nor wants to extend his tenure.
Thursday, January 21, 2010
Buyer's Remorse Redux... I told you so 14 months ago
I placed a comment on a RWN post asking when people will start realizing they might have made a mistake in electing The Obamessiah:Buyers Remorse will begin to kick in after about 6 months, with it hitting full effect one year into his administration. Just like the Clintons, he's going to try to ram a bunch of socialist policies down our throats early, and people will balk (just like they did in 1994).
A Case of Buyer's Remorse
Wednesday, January 20, 2010
HOPE AND CHANGE!!!
Friday, January 01, 2010
Wednesday, December 30, 2009
Tuesday, December 29, 2009
War??? What war???
Thursday, December 24, 2009
MERRY CHRISTMAS!!!
Monday, November 30, 2009
ClimateGate...
Not-So-Black Friday and Oiled Again...
The gap between what drivers are paying for gasoline compared with a year ago is widening and figures to get worse between now and the end of the year. Prices at the pump were $2.629 a gallon on Monday, 80.4 cents more a gallon than a year ago, according to auto club AAA, Wright Express and Oil Price Information Services. That is about $40 more a month for a typical motorist.
The government releases its survey on retail prices late Monday. Gasoline prices bottomed near $1.61 during the last few days of 2008 as the recession took hold, demand for fuel crumbled and the stock markets tumbled. Consumers now are paying about $1 billion a day for gasoline, about $300 million more a day for gasoline than they did a year ago.
And in December, for the first time in about 10 years, oil prices are expected to be twice what they were a year ago, says Tom Kloza, chief oil analyst for OPIS. Crude prices have been trading between $75 and $82 a barrel for the past month or so. Prices hit $33.87 a barrel on Dec. 19.
The rapid rise in prices is worse for consumers this time, however. Before prices doubled in early 2000, a barrel of crude cost about $10.
More consumers went shopping over the Thanksgiving holiday weekend, yet spent less than last year as they hunted for bargains on toys and electronics, according to the National Retail Federation.
Spending at stores and on Web sites from Nov. 26 to Nov. 29 rose 0.5% to an estimated $41.2 billion from $41 billion a year earlier, the Washington-based trade group said Nov. 29, citing a survey conducted by polling firm BIGresearch. The higher turnout and lower average spending were in line with expectations, the NRF said. The group is sticking to a forecast for a 1% drop in spending this holiday season.

