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Global Economy Bursting?
- Thread starter Austin
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Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
Demand one: Restoration of the living wage.
Demand two: Institute a universal single payer healthcare system.
Demand three: Guaranteed living wage income regardless of employment.
Demand four: Free college education.
Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.
They lost me at demand five.
William K
Senior Member
- Joined
- Sep 21, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Illinois
Demand one: Restoration of the living wage.
Demand two: Institute a universal single payer healthcare system.
Demand three: Guaranteed living wage income regardless of employment.
Demand four: Free college education.
Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.
They lost me at demand five.
Demand 6 was - C & R fees for appraisers, but it got cut. :icon_mrgreen:
Austin
Elite Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified General Appraiser
- State
- Virginia
I watched a program last night on "Modern Marvels" about the products that come from oil. We cannot live without oil for reasons other than energy. Paving roads, plastics, fertilizer, charcoal, medical uses (oil is even used in asprin) cosmetics, nylon, vasoline, LP gas, jet and ship fuel, the list is unbelievable. These Left brain people are virtually brain dead.
Couch Potato
Elite Member
- Joined
- Mar 15, 2004
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Demand one: Restoration of the living wage.
Demand two: Institute a universal single payer healthcare system.
Demand three: Guaranteed living wage income regardless of employment.
Demand four: Free college education.
Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.
They lost me at demand five.
Lost me on demand one. There is no such animal as a universal "living wage." In some places an individual can have their own place to live and three meals a day on $250 a week with money left over. In other places that won't even put a roof over your head without a room mate.
I am a firm believer in equal opportunity, but that has nothing to do with equal outcome.
Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
I subscribe to helping those that are in need. However, that in no way suggests that needy people should be on a government system. Personal responsibility and behavior go hand in hand. The prison population is suppose to represent that but look at the benefits; free healthcare, free meals, free lodging and free recreation.
Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
Dexia dragged down by Greek debt worries
http://www.euronews.net/2011/10/03/dexia-dragged-down-by-greek-debt-worries/
The French and Belgian government will do the right thing to support bank Dexia in the current turbulent markets. Dexia is under pressure because of its exposure to debt-laden Greece.
It is now looking more likely that Dexia’s state shareholders will have to consider a second bailout of taxpayers’ money. Dexia, which received a six billion euro bailout from Belgium, France and other major shareholders at the height of the financial crisis in 2008, held 3.8 billion euros of Greek sovereign bonds at the end of June and had a credit risk exposure to the country of 4.8 billion euros.
France, Belgium vow to insure Dexia depositors, creditors
http://www.usatoday.com/money/industries/banking/story/2011-10-04/dexia-france-belgium/50653692/1
Dexia is at the forefront of investor concerns over its exposure to potentially bad debt from Europe's most indebted countries. With the markets bracing for a Greek debt default, investors are concerned about what bonds Europe's banks are holding and banks themselves have become reluctant to lend to one another.
Nothing like depositors running to their bank withdrawing all their money to force market discipline to overrule government's reassurances.
http://www.euronews.net/2011/10/03/dexia-dragged-down-by-greek-debt-worries/
The French and Belgian government will do the right thing to support bank Dexia in the current turbulent markets. Dexia is under pressure because of its exposure to debt-laden Greece.
It is now looking more likely that Dexia’s state shareholders will have to consider a second bailout of taxpayers’ money. Dexia, which received a six billion euro bailout from Belgium, France and other major shareholders at the height of the financial crisis in 2008, held 3.8 billion euros of Greek sovereign bonds at the end of June and had a credit risk exposure to the country of 4.8 billion euros.
France, Belgium vow to insure Dexia depositors, creditors
http://www.usatoday.com/money/industries/banking/story/2011-10-04/dexia-france-belgium/50653692/1
Dexia is at the forefront of investor concerns over its exposure to potentially bad debt from Europe's most indebted countries. With the markets bracing for a Greek debt default, investors are concerned about what bonds Europe's banks are holding and banks themselves have become reluctant to lend to one another.
Nothing like depositors running to their bank withdrawing all their money to force market discipline to overrule government's reassurances.
- Joined
- Mar 30, 2005
- Professional Status
- Certified General Appraiser
- State
- New York
The energy issue is a very big issue. It's all about EROEI, and there are no non-renewables with similar EROEI. What that means at the most basic level is that a move to nonrewables will result in more money out of people's pockets going toward energy. There is no way around it.
Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
Anti-Wall Street Protests Spreading to Cities Large and Small
http://www.nytimes.com/2011/10/04/u...ther-cities.html?nl=todaysheadlines&emc=tha23
A loose-knit populist campaign that started on Wall Street three weeks ago has spread to dozens of cities across the country, with protesters camped out in Los Angeles near City Hall, assembled before the Federal Reserve Bank in Chicago and marching through downtown Boston to rally against corporate greed, unemployment and the role of financial institutions in the economic crisis.
With little organization and a reliance on Facebook, Twitter and Google groups to share methods, the Occupy Wall Street campaign, as the prototype in New York is called, has clearly tapped into a deep vein of anger, experts in social movements said, bringing longtime crusaders against globalization and professional anarchists together with younger people frustrated by poor job prospects.
http://www.nytimes.com/2011/10/04/u...ther-cities.html?nl=todaysheadlines&emc=tha23
A loose-knit populist campaign that started on Wall Street three weeks ago has spread to dozens of cities across the country, with protesters camped out in Los Angeles near City Hall, assembled before the Federal Reserve Bank in Chicago and marching through downtown Boston to rally against corporate greed, unemployment and the role of financial institutions in the economic crisis.
With little organization and a reliance on Facebook, Twitter and Google groups to share methods, the Occupy Wall Street campaign, as the prototype in New York is called, has clearly tapped into a deep vein of anger, experts in social movements said, bringing longtime crusaders against globalization and professional anarchists together with younger people frustrated by poor job prospects.
Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
Fight for Social Programs Looms Anew in the House
http://www.nytimes.com/2011/10/04/u...lth-funding.html?nl=todaysheadlines&emc=tha24
House Republicans are laying the groundwork for another battle with President Obama over spending and domestic policy with a bill that would cut some of his favorite health and education programs, tie the hands of the National Labor Relations Board and eliminate federal grants for Planned Parenthood clinics.
http://www.nytimes.com/2011/10/04/u...lth-funding.html?nl=todaysheadlines&emc=tha24
House Republicans are laying the groundwork for another battle with President Obama over spending and domestic policy with a bill that would cut some of his favorite health and education programs, tie the hands of the National Labor Relations Board and eliminate federal grants for Planned Parenthood clinics.
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