Time to visit "Some Assembly Required", there's a lot of "fun news" out there this Weds.
Don't forget to follow link to original -- for even more "fun"
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One More: Along with fires in Arizona and floods in Minot and riots in Athens, don't forget that 10 million people in the Horn of Africa are suffering under the worst drought in 60 years. Add them to the list.
Perspective: Medicaid serves 68 million Americans, including the disabled, the elderly, certain women and children, and the poor. House Republicans, not being personally acquainted with a lot of poor people, want to cut the program- a lot. Just 5% the first year, but 15% in 2014 and by 35% by 2021
The Emphasis Game: The Case-Shiller house price index is out. Depending on which part of the data you wanted to emphasize – the 10-city index, the 20-city index, adjusted, unadjusted – house prices are either up a little bit, flat, down a little bit, or down a lot. Best guess is things were pretty flat – 0.1% of 170,000 is pretty much statistical noise.
The Golden Age: After 30 years of decreasing federal regulation, decreasing taxes, decreasing unionism the US should be entering an age of plenty for all – according to Ayn Rand, Milton Friedman and the GOP. How are things in your neck of the woods?
What will happen to all the empty houses?
And what will happen to all the people from all the empty houses?
(comment from Tina -- and, who seems to give a DAMN?)
Bad to Worse: Scientific research confirms that humankind has raised the Earth's temperature a little less than 1ºC so far, and that - absent a dramatic change in our carbon emissions – another 3ºC rise is inevitable by 2100. If 1ºC is enough to melt the Arctic, and it is, 4ºC will be a disaster, one from which technology will not save us.
New Home Sales Decrease Sharply to 610,000 Annual Rate in October
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Today, in the Calculated Risk Real Estate Newsletter: New Home Sales
Decrease Sharply to 610,000 Annual Rate in October
Brief excerpt:
*Important: Sales ...
4 hours ago
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