First, thanks to Calculated Risk, here’s what this look like when put into historical context… Whenever I see a graph like that it makes me cringe, but what goes up must come down eventually. Now, the details… The advance number for seasonally adjusted insured unemployment during the week ending April 4 was 6,022,000, an increase [...]
“Texas is a unique place. When we came into the union in 1845, one of the issues was that we would be able to leave if we decided to do that.” – Texas Governor Rick Perry hinting at secession at a Tea Party rally today And here’s the audio… First off, he’s wrong. Texas never [...]
It’s happening a lot more now that other loans besides the subprimes are coming due. From North County Times: Ward Hanigan, a San Diego investor who purchases foreclosures, agreed that the longer foreclosure procedures produce artificially low inventory numbers, with no recovery in sight for the region’s housing market. “It’s like an oil pipeline; it [...]
Picked this up from Doug’s site and it’s worth watching the whole thing. And so we have the inherent problem with every single argument coming out of the religious right wing opposing gay marriage…none of them can be defended by anything other than distorted facts or personal opinions. It was the same with the anti-miscegenation [...]
Since I covered the Tea Parties today, I figured I should also cover a protest that’s much more in the spirit of what the Boston Tea Party stood for. From NY Times: KABUL, Afghanistan — The young women stepped off the bus and moved toward the protest march just beginning on the other side of [...]
Regardless of what I might think of how they were started, promoted or whether or not they’ll last, it’s always a good thing when Americans peaceably unite to protest. Thankfully we’re lucky enough to have those rights and, as we all know, rights are best when exercised often and vigorously. Also, I understand the anger [...]
Economists, politicians, and pundits refer to “toxic assets” as if they are some unspeakable stew bubbling in a barrel behind an old warehouse. But “toxic assets” are actually mortgages and, by extension, houses and the people who live in them. Sandra Berrios is one of millions facing the prospect of ballooning loan payments forcing her [...]
So, on tax day, President Obama has pledged to make future April 15ths less stressful by simplifying the tax code: “It will take time to undo the damage of years of carve-outs and loopholes. But I want every American to know that we will rewrite the tax code so that it puts your interests over [...]
For those who’ve worried that under the command of President Obama, our military in Iraq won’t be able to adjust to realities on the ground, there’s this story out of Mosul. Conditions in the region are not good and our forces are likely postpone the scheduled withdrawal if Iraqi authorities ask us to stay. Army [...]
Andrew Sullivan highlights a reader’s recounting of Easter weekend with his far-right family. From Daily Dish… 1. Total insulation from MSM Everyone refuses to read the New York Times or Washington Post. Sunday morning while getting ready for Church I put on “Meet the Press” and my father looked on with disgust and changed the [...]
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