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Global Economy Bursting?
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Randolph Kinney
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Did you see the news on bulk REO sales?
http://appraisersforum.com/showpost.php?p=2255141&postcount=14057
It might be just a selfish position taken by CAR, you know, it's the money. woohoo
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Randolph Kinney
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California missing out on 'green' manufacturing jobs
Read more here: http://www.sacbee.com/2012/05/20/4500710/california-missing-out-on-green.html#storylink=cpy
When solar technology company SMA America was looking for a place to put its headquarters, Rocklin was a logical choice. California, after all, represents more than 40 percent of the national market for solar installations.
When it came to choosing a place to manufacture its solar and wind inverters, however, the firm went to Denver.
Read more here: http://www.sacbee.com/2012/05/20/4500710/california-missing-out-on-green.html#storylink=cpy
When solar technology company SMA America was looking for a place to put its headquarters, Rocklin was a logical choice. California, after all, represents more than 40 percent of the national market for solar installations.
When it came to choosing a place to manufacture its solar and wind inverters, however, the firm went to Denver.
Randolph Kinney
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Majority Of Unemployed Attended College
http://news.investors.com/article/611887/201205171857/most-unemployed-are-college-grads-dropouts.htm
For the first time in history, the number of jobless workers age 25 and up who have attended some college now exceeds the ranks of those who settled for a high school diploma or less.
Out of 9 million unemployed in April, 4.7 million had gone to college or graduated and 4.3 million had not, seasonally adjusted Labor Department data show.
That's a swing of more than 2 million since the start of 1992, early in another jobless recovery, when 4.1 million who hadn't gone to college were jobless vs. 2.3 million jobless who had gone.
For those in the labor force — either with a job or in active pursuit of one — 57% of high-school grads with no college (2.9 million of 5.1 million) have found a full-time job.
For labor force members who have attended — and left — college or earned an associate degree, a depressing 64% (2.2 million of 3.5 million) have gained full-time employment.
Among everyone up to age 24 who has left college or earned a two-year degree — including those not actively searching — the full-time employment-to-population ratio has plummeted from 69% in 2000 to 62% in 2003 to 54%.
http://news.investors.com/article/611887/201205171857/most-unemployed-are-college-grads-dropouts.htm
For the first time in history, the number of jobless workers age 25 and up who have attended some college now exceeds the ranks of those who settled for a high school diploma or less.
Out of 9 million unemployed in April, 4.7 million had gone to college or graduated and 4.3 million had not, seasonally adjusted Labor Department data show.
That's a swing of more than 2 million since the start of 1992, early in another jobless recovery, when 4.1 million who hadn't gone to college were jobless vs. 2.3 million jobless who had gone.
For those in the labor force — either with a job or in active pursuit of one — 57% of high-school grads with no college (2.9 million of 5.1 million) have found a full-time job.
For labor force members who have attended — and left — college or earned an associate degree, a depressing 64% (2.2 million of 3.5 million) have gained full-time employment.
Among everyone up to age 24 who has left college or earned a two-year degree — including those not actively searching — the full-time employment-to-population ratio has plummeted from 69% in 2000 to 62% in 2003 to 54%.
Randolph Kinney
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Workbox
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As I had inside info months before and gave many of my friends a head up I am not surprised that the Realtor's are up in arms now so late in the game. But of course we are just appraisers and they disregard what do we know. Some Realtor's respect appraisers while others consider us just a tool than a respectable profession. Lets see if they too will be considered a herd and TPTB will do as they wish.
Riick
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In keeping with the title of the thread:
[FONT=Georgia, Times New Roman, Times, Serif]MENLO PARK, CA (The Borowitz Report) –
On the eve of Facebook’s IPO, Founder and CEO Mark Zuckerberg
published the following letter to potential investors:
...
Dear Potential Investor:
For years, you've wasted your time on Facebook.
Now here’s your chance to waste your money on it, too.
Tomorrow is Facebook’s IPO, and I know what some of you are thinking.
How will Facebook be any different from the dot-com bubble of the early 2000’s?
For one thing, those bad dot-com stocks were all speculation and hype, and weren’t based on real businesses.
Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep.
Second, Facebook is the most successful social network in the world,
enabling millions to share information of no interest with people they barely know.
Third, every time someone clicks on a Facebook ad, Facebook makes money.
And, while no one has ever done this on purpose, millions have done it by mistake while drunk.
We totally stole this idea from iTunes.
Finally, if you invest in Facebook, you’ll be far from alone.
As a result of using Facebook for the past few years, over 900 million people in the world
have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments.
These will be your fellow Facebook investors.
With your help, if all goes as planned tomorrow, Facebook’s IPO will net $100 billion.
To put that number in context, it would take JP Morgan four or five trades to lose that much money.
One last thing: what will, I, Mark Zuckerberg, do with the $18 billion
I’m expected to earn from Facebook’s IPO?
Well, I’m considering buying Greece, but that would still leave me with $18 billion. LOL.
Friend me,
Mark
[/FONT]
[FONT=Georgia, Times New Roman, Times, Serif]MENLO PARK, CA (The Borowitz Report) –
On the eve of Facebook’s IPO, Founder and CEO Mark Zuckerberg
published the following letter to potential investors:
...
Dear Potential Investor:
For years, you've wasted your time on Facebook.
Now here’s your chance to waste your money on it, too.
Tomorrow is Facebook’s IPO, and I know what some of you are thinking.
How will Facebook be any different from the dot-com bubble of the early 2000’s?
For one thing, those bad dot-com stocks were all speculation and hype, and weren’t based on real businesses.
Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep.
Second, Facebook is the most successful social network in the world,
enabling millions to share information of no interest with people they barely know.
Third, every time someone clicks on a Facebook ad, Facebook makes money.
And, while no one has ever done this on purpose, millions have done it by mistake while drunk.
We totally stole this idea from iTunes.
Finally, if you invest in Facebook, you’ll be far from alone.
As a result of using Facebook for the past few years, over 900 million people in the world
have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments.
These will be your fellow Facebook investors.
With your help, if all goes as planned tomorrow, Facebook’s IPO will net $100 billion.
To put that number in context, it would take JP Morgan four or five trades to lose that much money.
One last thing: what will, I, Mark Zuckerberg, do with the $18 billion
I’m expected to earn from Facebook’s IPO?
Well, I’m considering buying Greece, but that would still leave me with $18 billion. LOL.
Friend me,
Mark
[/FONT]
Randolph Kinney
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- Retired Appraiser
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- North Carolina
Where are Facebook Retail Muppets?
Facebook's stock is sinking more than 10 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company Monday.
Investors and technology industry watchers are closely tracking the Menlo Park, Calif., company's shares. The world's largest social network was one of the most anticipated initial public stock offerings ever, and now serves as a bellwether for other social media companies.
Facebook's market debut Friday suffered some hiccups, with trading on the Nasdaq delayed for a half hour and issues with traders' orders. The stock closed Friday just 23 cents above where it priced Thursday night, when many investors had hoped for a big first-day pop.
Facebook's stock is sinking more than 10 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company Monday.
Investors and technology industry watchers are closely tracking the Menlo Park, Calif., company's shares. The world's largest social network was one of the most anticipated initial public stock offerings ever, and now serves as a bellwether for other social media companies.
Facebook's market debut Friday suffered some hiccups, with trading on the Nasdaq delayed for a half hour and issues with traders' orders. The stock closed Friday just 23 cents above where it priced Thursday night, when many investors had hoped for a big first-day pop.
Randolph Kinney
Elite Member
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- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
More Men Enter Fields Dominated by Women
http://www.nytimes.com/2012/05/21/b...?_r=1&nl=todaysheadlines&emc=edit_th_20120521
After years of economic pain, Americans remain an optimistic lot, though they define the American dream not in terms of mansions and luxury cars but as something more basic — a home, a college degree, financial security and enough left over for a few extras like dining out, according to a study by the Pew Center on the States’ Economic Mobility Project. That financial security usually requires a steady full-time job with benefits, something that has become harder to find, particularly for men and for those without a college degree. While women continue to make inroads into prestigious, high-wage professions dominated by men, more men are reaching for the dream in female-dominated occupations that their fathers might never have considered.
The trend began well before the crash, and appears to be driven by a variety of factors, including financial concerns, quality-of-life issues and a gradual erosion of gender stereotypes. An analysis of census data by The New York Times shows that from 2000 to 2010, occupations that are more than 70 percent female accounted for almost a third of all job growth for men, double the share of the previous decade.
The shift includes low-wage jobs as well. Nationally, two-thirds more men were bank tellers, almost twice as many were receptionists and two-thirds more were waiting tables in 2010 than a decade earlier.
Now, though, the trend has spread among men of nearly all races and ages, more than a third of whom have a college degree. In fact, the shift is most pronounced among young, white, college-educated men.
http://www.nytimes.com/2012/05/21/b...?_r=1&nl=todaysheadlines&emc=edit_th_20120521
After years of economic pain, Americans remain an optimistic lot, though they define the American dream not in terms of mansions and luxury cars but as something more basic — a home, a college degree, financial security and enough left over for a few extras like dining out, according to a study by the Pew Center on the States’ Economic Mobility Project. That financial security usually requires a steady full-time job with benefits, something that has become harder to find, particularly for men and for those without a college degree. While women continue to make inroads into prestigious, high-wage professions dominated by men, more men are reaching for the dream in female-dominated occupations that their fathers might never have considered.
The trend began well before the crash, and appears to be driven by a variety of factors, including financial concerns, quality-of-life issues and a gradual erosion of gender stereotypes. An analysis of census data by The New York Times shows that from 2000 to 2010, occupations that are more than 70 percent female accounted for almost a third of all job growth for men, double the share of the previous decade.
The shift includes low-wage jobs as well. Nationally, two-thirds more men were bank tellers, almost twice as many were receptionists and two-thirds more were waiting tables in 2010 than a decade earlier.
Now, though, the trend has spread among men of nearly all races and ages, more than a third of whom have a college degree. In fact, the shift is most pronounced among young, white, college-educated men.
Randolph Kinney
Elite Member
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- Retired Appraiser
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- North Carolina
Go Midwest, Young Man: Indiana's Plan to Steal California Jobs
http://www.theatlantic.com/business...ndianas-plan-to-steal-california-jobs/257466/
Some Californians may have recently noticed an advertisement with a coffee mug and the word "Indiana" written in the milky latte foam. A crumpled napkin sits next to the mug with this scribbled on it: "Admit it, you find me fiscally attractive." On another napkin it reads, "Indiana: low taxes, pro-business, fiscally responsible."
Ads like this are part of the Hoosier state's new push to lure California companies 2,300 miles east, trying to convince them to give up the morass of California regulations and high business taxes, in exchange for the regulation-light, low tax business nirvana of Indiana.
OUT OF CALIFORNIA
"That's quite accurate," said Joseph Vranich, reflecting on the governor's quote after I read it to him. Vranich is a consultant in Irvine, Calif. who helps companies find places to relocate. "The top three reasons why companies leave California are taxes, the costs of regulatory compliance, and a hostile attitude."
According to Vranich's research, with his company Spectrum Location Solutions, at least 254 companies moved all or part of their businesses out of California in 2011. He says they're not being pulled to other locations, they're being pushed out.
http://www.theatlantic.com/business...ndianas-plan-to-steal-california-jobs/257466/
Some Californians may have recently noticed an advertisement with a coffee mug and the word "Indiana" written in the milky latte foam. A crumpled napkin sits next to the mug with this scribbled on it: "Admit it, you find me fiscally attractive." On another napkin it reads, "Indiana: low taxes, pro-business, fiscally responsible."
Ads like this are part of the Hoosier state's new push to lure California companies 2,300 miles east, trying to convince them to give up the morass of California regulations and high business taxes, in exchange for the regulation-light, low tax business nirvana of Indiana.
OUT OF CALIFORNIA
"That's quite accurate," said Joseph Vranich, reflecting on the governor's quote after I read it to him. Vranich is a consultant in Irvine, Calif. who helps companies find places to relocate. "The top three reasons why companies leave California are taxes, the costs of regulatory compliance, and a hostile attitude."
According to Vranich's research, with his company Spectrum Location Solutions, at least 254 companies moved all or part of their businesses out of California in 2011. He says they're not being pulled to other locations, they're being pushed out.
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