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Crewleader
Crewleader's Journal
Crewleader's Journal
July 31, 2014
A flesh eating bacteria has been the cause of eleven deaths so far in the Tropics, a serious problem caused through contact with warm water by the Florida beach. Unfortunately it’s striking one of the most common pastimes for the Southern U.S..
When people take vacations in the Summer, they usually dream of swimming in the refreshing waters of Florida or California. Countless TV shows and movies have glorified water activities in these states, and it see
Read more at http://www.inquisitr.com/1380830/flesh-eating-bacteria-florida-beach-warm-water-disease/#xzJJW2zwwbGOqxQX.99
Flesh Eating Bacteria In Florida Beach Waters: Eleven Dead From Warm Water Disease
A flesh eating bacteria has been the cause of eleven deaths so far in the Tropics, a serious problem caused through contact with warm water by the Florida beach. Unfortunately it’s striking one of the most common pastimes for the Southern U.S..
When people take vacations in the Summer, they usually dream of swimming in the refreshing waters of Florida or California. Countless TV shows and movies have glorified water activities in these states, and it see
Read more at http://www.inquisitr.com/1380830/flesh-eating-bacteria-florida-beach-warm-water-disease/#xzJJW2zwwbGOqxQX.99
July 30, 2014
There has been a very strong trend of shifting from homeownership to renting over the last decade. This is a dramatic reversal from the peak reached in the 2000s where homeownership reached a historical apex. Sure, this was brought on by making up income, taking on massive leverage for the biggest purchase of your life, and pretending the middle class was not shrinking but it was fun to act as if everyone was rich right? Clearly that is not the case and we now find the homeownership rate of today is now back to where it was 20 years ago. Baby boomers overall are not pleased that their kids are now part of a hyper competitive market and many of their offspring are now back living at home rocking out in their rooms with Nirvana and Pearl Jam posters. They’ll need to make some room for the younger kids as well since many of these are coming back home to their Britney Spears inspired rooms. People are still itching to buy but their incomes simply cannot support those $700,000 crap shacks. This is the large reason for why sales are down and inventory is up. The assumption is that many of these younger households are slowly going to pop out of their parent’s home and makeup a new part of the buying pool. So far the data does not show that to be the case and you would expect that to be happening right now since technically, we’ve been out of recession since the summer of 2009. The US is in a massive renter nation trend.
Renter nation galore
http://www.doctorhousingbubble.com/renter-nation-number-of-american-household-renting-record-single-family-home-rentals/
Dr. Housing Bubble 07/30/14
Renter nation: The 2000s are highlighting a big shift from homeownership to renting. The number of single family homes now used as rentals is at a record high.There has been a very strong trend of shifting from homeownership to renting over the last decade. This is a dramatic reversal from the peak reached in the 2000s where homeownership reached a historical apex. Sure, this was brought on by making up income, taking on massive leverage for the biggest purchase of your life, and pretending the middle class was not shrinking but it was fun to act as if everyone was rich right? Clearly that is not the case and we now find the homeownership rate of today is now back to where it was 20 years ago. Baby boomers overall are not pleased that their kids are now part of a hyper competitive market and many of their offspring are now back living at home rocking out in their rooms with Nirvana and Pearl Jam posters. They’ll need to make some room for the younger kids as well since many of these are coming back home to their Britney Spears inspired rooms. People are still itching to buy but their incomes simply cannot support those $700,000 crap shacks. This is the large reason for why sales are down and inventory is up. The assumption is that many of these younger households are slowly going to pop out of their parent’s home and makeup a new part of the buying pool. So far the data does not show that to be the case and you would expect that to be happening right now since technically, we’ve been out of recession since the summer of 2009. The US is in a massive renter nation trend.
Renter nation galore
http://www.doctorhousingbubble.com/renter-nation-number-of-american-household-renting-record-single-family-home-rentals/
July 29, 2014
Here's Robert Reich latest article.
The Increasing Irrelevance of Corporate Nationality
http://www.democraticunderground.com/111655635
Good advice kentuck
Here's Robert Reich latest article.
The Increasing Irrelevance of Corporate Nationality
http://www.democraticunderground.com/111655635
July 28, 2014
Monday, July 28, 2014
by Robert Reich
“You shouldn’t get to call yourself an American company only when you want a handout from the American taxpayers,” President Obama said Thursday.
He was referring to American corporations now busily acquiring foreign companies in order to become non-American, thereby reducing their U.S. tax bill.
But the President might as well have been talking about all large American multinationals.
Only about a fifth of IBM’s worldwide employees are American, for example, and only 40 percent of GE’s. Most of Caterpillar’s recent hires and investments have been made outside the US.
In fact, since 2000, almost every big American multinational corporation has created more jobs outside the United States than inside. If you add in their foreign sub-contractors, the foreign total is even higher.
http://robertreich.org/post/93122315065
The Increasing Irrelevance of Corporate Nationality by Robert Reich
The Increasing Irrelevance of Corporate NationalityMonday, July 28, 2014
by Robert Reich
“You shouldn’t get to call yourself an American company only when you want a handout from the American taxpayers,” President Obama said Thursday.
He was referring to American corporations now busily acquiring foreign companies in order to become non-American, thereby reducing their U.S. tax bill.
But the President might as well have been talking about all large American multinationals.
Only about a fifth of IBM’s worldwide employees are American, for example, and only 40 percent of GE’s. Most of Caterpillar’s recent hires and investments have been made outside the US.
In fact, since 2000, almost every big American multinational corporation has created more jobs outside the United States than inside. If you add in their foreign sub-contractors, the foreign total is even higher.
http://robertreich.org/post/93122315065
July 26, 2014
Time to Reboot
You Can’t Taper a Ponzi Scheme
by Ellen Brown
One thing to be said for the women now heading the Federal Reserve and the IMF: compared to some of their predecessors, they are refreshingly honest. The Wall Street Journal reported on July 2nd:
Two of the world’s most powerful women of finance sat down for a lengthy discussion Wednesday on the future of monetary policy in a post-crisis world: U.S. Federal Reserve Chairwoman Janet Yellen and International Monetary Fund Managing Director Christine Lagarde. Before a veritable who’s-who in international economics packing the IMF’s largest conference hall, the two covered all the hottest topics in debate among the world’s central bankers, financiers and economists.
Among those hot topics was the runaway shadow banking system, defined by Investopedia as “The financial intermediaries involved in facilitating the creation of credit across the global financial system, but whose members are not subject to regulatory oversight. The shadow banking system also refers to unregulated activities by regulated institutions.” Examples given include hedge funds, derivatives and credit default swaps.
Conventional banks also engage in “shadow banking.” One way is by using their cash cushion as collateral in the repo market, where they can borrow to invest in the stock market and other speculative ventures. As explained by Bill Frezza in a January 2013 Huffington Post article titled “Too-Big-To-Fail Banks Gamble With Bernanke Bucks”:
http://www.counterpunch.org/2014/07/25/you-cant-taper-a-ponzi-scheme/
You Can’t Taper a Ponzi Scheme by Ellen Brown
Weekend Edition July 25-27, 2014Time to Reboot
You Can’t Taper a Ponzi Scheme
by Ellen Brown
One thing to be said for the women now heading the Federal Reserve and the IMF: compared to some of their predecessors, they are refreshingly honest. The Wall Street Journal reported on July 2nd:
Two of the world’s most powerful women of finance sat down for a lengthy discussion Wednesday on the future of monetary policy in a post-crisis world: U.S. Federal Reserve Chairwoman Janet Yellen and International Monetary Fund Managing Director Christine Lagarde. Before a veritable who’s-who in international economics packing the IMF’s largest conference hall, the two covered all the hottest topics in debate among the world’s central bankers, financiers and economists.
Among those hot topics was the runaway shadow banking system, defined by Investopedia as “The financial intermediaries involved in facilitating the creation of credit across the global financial system, but whose members are not subject to regulatory oversight. The shadow banking system also refers to unregulated activities by regulated institutions.” Examples given include hedge funds, derivatives and credit default swaps.
Conventional banks also engage in “shadow banking.” One way is by using their cash cushion as collateral in the repo market, where they can borrow to invest in the stock market and other speculative ventures. As explained by Bill Frezza in a January 2013 Huffington Post article titled “Too-Big-To-Fail Banks Gamble With Bernanke Bucks”:
http://www.counterpunch.org/2014/07/25/you-cant-taper-a-ponzi-scheme/
July 25, 2014
Pour me a glass, I'm feeling a bit emotional too
2001 my friend is a very long time and it's people like you and others here that make me always feel at home! 
July 24, 2014
July 24, 2014
Sales of new U.S. single-family homes fell sharply in June and the prior month's data was revised to show less robust growth, suggesting the housing market would struggle to regain momentum.
The Commerce Department said on Thursday that sales dropped 8.1 percent, the largest decline since July 2013, to a seasonally adjusted annual rate of 406,000 units.
http://www.cnbc.com/id/101863962
New home sales tumble in June at fastest rate in nearly a year
New home sales tumble in June at fastest rate in nearly a yearJuly 24, 2014
Sales of new U.S. single-family homes fell sharply in June and the prior month's data was revised to show less robust growth, suggesting the housing market would struggle to regain momentum.
The Commerce Department said on Thursday that sales dropped 8.1 percent, the largest decline since July 2013, to a seasonally adjusted annual rate of 406,000 units.
http://www.cnbc.com/id/101863962
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Member since: 2001
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