News: Real Estate, Risk, Economics. June 27, 2016

Linking ≠ endorsement.

Table of Contents
(Click to sections below.)

1) EU referendum: Jeremy Corbyn vows to fight for leadership and reshape cabinet – BBC News

2) How David Cameron blew it — POLITICO

3) 5 Tips for Assessing an HVAC System When Buying a Home

4) Stumbling and Mumbling: In defence of Corbyn

5) Against Eurotimidity – The New York Times

6) interfluidity – Attributions of causality

7) Do the Experts Know Anything? – Bloomberg View

8) Post-Referendum reflections – it's time to protect people against utopian neoliberalism — Prime Economics

9) French PM opposes transatlantic trade deal as against "EU interests"

10) Senate to consider wide-ranging bill to address zombie foreclosure "crisis" | HousingWire

11) Metro Votes to Bring Sales Tax Hike Measure to Voters in November – Curbed LA

12) San Francisco man fights eviction after rent increase from $1,800 per month to $8,000 | abc11 com

13) Buffalo Common Council sued for ignoring advice to preserve 3 properties – City & Region – The Buffalo News

14) Study: To live near transit in Seattle, you'll have to pay up | The Seattle Times

15) Prosecuting Corporate Criminals | RegBlog

16) Ten Current-Situation Questions for Brad DeLong – Equitable Growth

17) The Daily Shot; June 27 – Global Macro Currents

  1.    EU referendum: Jeremy Corbyn vows to fight for leadership and reshape cabinet – BBC News

    As I see it, there a three main positions concerning Brexit.

    1) The technocratic, pro-EU status quo position

    2) The capitalist position (governmental and regulatory capture often under the guise of anti-cronyism)

    3) The democratic position (which gets the least coverage because democracy undermines the first two positions, which are the two main positions of the elitists)

    A fourth but still lesser position is the nationalist position or ethnic-bigot position.

    Jeremy Corbyn isn't as forceful as I'd like and he's often easily distracted and sometimes duped by the propaganda of the other positions, but he ultimately comes down on the side of greater democracy, which is the right position.

    As for the Labour shadow-cabinet members who are resigning, to what degree are they anti-democratic or simply don't know what their doing or both?

    Add your comment. Including the article/link number will help.


  2.    How David Cameron blew it — POLITICO

    … Corbyn refused to help his rival. It was widely believed that, although he agreed to publicly endorse a Remain vote that his heart wasn't in it.

    An old school socialist, the Labour leader had in the past attacked the EU as an undemocratic, corporatist conspiracy that threatened workers' rights.

    How right he was and is.

    You'll notice how much emphasis the article places on the ethnic issue. Interestingly, it doesn't mention terrorism or war refugees.

    So, why in my commentary in the link above did I list the ethnic issue (nationalism) as a lesser position? It's because nationalism is used by so many leaders who really don't care as much about it as they do about how much mileage they can get out of scapegoating for the sake of their own wallets, power, and control.

    Is terrorism real? Of course. Did immigration drain National Health Service coffers at the expense of non-immigrants? No. That was a lie peddled by those who use fear of the other in order to gain wealth, power, and control for themselves, not to increase democracy and power to the People.

    Add your comment. Including the article/link number will help.


  3.    5 Tips for Assessing an HVAC System When Buying a Home

    Good overview/starting place for the novice:

    Whether you're a real estate investor or simply a home buyer, checking out the HVAC system is vital. Avoid a costly mistake with these tips!

    Sometimes, the energy source is shut off and the units can't be tested. If you must buy a pig in a poke, make sure you leave an adequate financial cushion to deal with unknown problems.

    If the utilities are on (recommended), run the units and consider having a thermometer with you to place in the proper places to check how the system is doing at heating or cooling. If it's forced air, check at the registers.

    If you can find a place to look in the ducts, do so to see with a strong flashlight how much dirt is in them. They might need cleaning.

    What would you add to the list for the novice to undertake on a walk-through/mini-inspection without a certified inspector or technician/contractor?

    Add your comment. Including the article/link number will help.


  4.    Stumbling and Mumbling: In defence of Corbyn

    This is pretty good, by Chris Dillow, except for this:

    … I'll concede that there might well be more reasonable motives for wanting Corbyn out: I've no beef with Nick's complaints about his curious associates ….

    I think Nick Cohen's piece ( http://www.spectator.co.uk/2015/11/jerem y-corbyn-isnt-anti-war-hes-just-anti-wes t/ ) falls to the level of a hit piece.

    Jeremy Corbyn is not defending everyone against Western imperialism but simply stating what should be the obvious: that such imperialism is not driven by pro-democracy sentiments but hides behind them as a false front.

    Yes, there are leftists who don't see the forest for the trees, but Nick Cohen is masking neoconservatism, which excuses or minimizes huge anti-democratic tendencies within the West's so-called allies around the world (especially historically speaking).

    Look, the Palestinians really have gotten the short end of the stick for my entire lifetime when perfectly acceptable alternative arrangements could have been created by the UN and others with the then Soviet Union and US agreeing.

    We rightly complain against ethnic bigotry in the "UK-Leave" position (at least some of it), but we hide behind catcalls of "anti-Semitism" when it comes to the same ethnic bigotry in Israel.

    It's a can of worms, I know; but, it's a huge, global risk-management issue.

    How do we as humanity provide safety and security for the Jews in Israel/Palestine while providing exactly the same for the non-Jews who are there and without giving either rights above the other on account of their ethnicity? The Democratic National Committee just went through a Platform Committee battle over this very issue. It's arrived and is not going to go away.

    We don't tolerate ethnocentric rights of one group above another in the US. Why in the world do we support such "rights" elsewhere? It's wholly unjustifiable inconsistency (quite counter-productive to the cause of real liberty in the world).

    Is it simply allowing self-determination on the part of certain Jews? If so, what about the self-determination of the non-Jews who were actually living there before the Zionists arrived and declared statehood in 1948 no less, after WWII was fought against those out to take land occupied by others often for many, many centuries and legally so?

    Add your comment. Including the article/link number will help.


  5.    Against Eurotimidity – The New York Times

    Here, Paul Krugman shows he's technocratically well-versed. He also gets some, and only some, of the politics. Where's the term "democracy" though? It's missing. What a tiny oversight? Democracy is implied?

    No, it's no tiny oversight and democracy is nowhere really implied by Krugman.

    He does say, "… structural reform, the universal elixir of elites." Is that good enough? Does that "cover him," all the bases?

    China could not undergo that same "structural reform" but could become even more anti-democratic if that's possible in China. Suffice it to say that being against such "structural reform" or saying that it isn't enough, is not saying outright or even implying that democracy is the answer rather than technocracy.

    Add your comment. Including the article/link number will help.


  6.    interfluidity – Attributions of causality

    Maybe this will help some.

    Steve Randy Waldman gives food for thought. I like the way he doesn't settle for one-dimensional explanations.

    Sometimes things really are black and white. However, even when they are, many will still not see it that way.

    Transparency is the only sustainably thriving future.

    Add your comment. Including the article/link number will help.


  7.    Do the Experts Know Anything? – Bloomberg View

    I could spend hours dissecting the semantics in this article, by Justin Fox, but it's still a worthwhile effort right out of the box.

    Just when should "expert" be placed in quotation marks to indicate cynicism? Some "experts" say one ought never to use quotation marks to do that.

    I have no problem with expertise, per se. In fact, I like it when it's used to further truth.

    Add your comment. Including the article/link number will help.


  8.    Post-Referendum reflections – it's time to protect people against utopian neoliberalism — Prime Economics

    Jeremy Smith does an excellent job trying to balance very important issues here. He clearly has the best interests of everyone at heart.

    The number of variables involved is astronomical.

    … facet of neoliberalism (as with the earlier economic liberalism dogma that Polanyi dissects) is its lack of concern for the victims of globalisation, who are expected to accept their losses and fate as a natural part of economic evolution towards ever more perfect markets — a goal that in reality can never be achieved. …

    … Public ownership (full or partial) of an industry must always be a legitimate democratic option.

    There is no such thing as a perfect capitalistic market in a democratic society or any society for that matter. Capitalism is not the answer, not the solution. Real, that is transparent, democracy is.

    Add your comment. Including the article/link number will help.


  9.    French PM opposes transatlantic trade deal as against "EU interests"

    The Transatlantic Trade and Investment Partnership (TTIP) is dead in the water. Good! It is a terrible plan.

    Add your comment. Including the article/link number will help.


  10.    Senate to consider wide-ranging bill to address zombie foreclosure "crisis" | HousingWire

    … the "Preventing Abandoned Foreclosures and Preserving Communities Act of 2016," would:

    Require mortgage servicers to tell borrowers at the beginning of the foreclosure process they can remain in the home until state law requires them to leave

    Require the servicer to make clear to the borrower he or she remains responsible for the payment of any taxes, assessments, and other fees during the foreclosure process

    Require the mortgage servicer to make prompt notifications to both the borrower and the municipality where the property is located when it walks away from the foreclosure

    Prohibit mortgage servicers on loans backed by Fannie Mae and Freddie Mac and insured by the Federal Housing Administration from walking away from an initiated foreclosure unless the servicer releases the lien on the property and provides proper notice to the borrower and municipality

    Require the Government Accountability Office and the CFPB to study and report on the prevalence and impact of abandoned foreclosures

    Add your comment. Including the article/link number will help.


  11.    Metro Votes to Bring Sales Tax Hike Measure to Voters in November – Curbed LA

    … tax revenue would fund a wide-range of upgrades to roads, highways, bus lines, light rail, and subway systems throughout the county.

    Add your comment. Including the article/link number will help.


  12.    San Francisco man fights eviction after rent increase from $1,800 per month to $8,000 | abc11.com

    … Hutchinson filed an appeal with the San Francisco Rent Board, which adjudicates issues like this.

    They'll decide in early August or so. But suddenly, the landlord served an eviction notice. Hutchinson now has to get out by July 21, weeks before that decision comes.

    Wow, the liability in this might be staggering. Imagine if he were to move out under protest and reserving his right to continue his appeal. Then think about what would happen if the landlord can't rent the place for much over $1,800 even after renovation or whatever.

    What's the market rate for that unit? What's being charged for the other units in the building?

    Add your comment. Including the article/link number will help.


  13.    Buffalo Common Council sued for ignoring advice to preserve 3 properties – City & Region – The Buffalo News

    Each met six of the nine criteria for historic status when only one was required.

    Add your comment. Including the article/link number will help.


  14.    Study: To live near transit in Seattle, you'll have to pay up | The Seattle Times

    … Economist Matthew Gardner, who has studied the issue of housing costs near Seattle transit in the past, said the cost premium to live closer to the train will only grow as traffic gets worse, light rail expands, and a rising number of millennials and others look to ditch their cars.

    Most significantly, Puget Sound area voters are weighing the $54 billion ST3 transit expansion, which officials on Thursday placed on the November ballot. That package could produce dozens of new stations over the next quarter-century, generating nearby housing that could allow more people priced out of expensive areas to live farther away and ride the train to work.

    Add your comment. Including the article/link number will help.


  15.    Prosecuting Corporate Criminals | RegBlog

    Very consciously let the statute of limitations run its course, and only then, issue the "Yates Memo."

    It goes way beyond regulatory capture to justice-system capture.

    Where did the buck stop on that one? I think it's still circulating, don't you?

    Add your comment. Including the article/link number will help.


  16.    Ten Current-Situation Questions for Brad DeLong – Equitable Growth

    Brad DeLong's writing has always struck me as a roller coaster ride: good, bad, good, bad…

    He's been on the better side in his last few posts, though I really think the "Mussolini" thing is already worn out, and Trump isn't even the "fearless leader" yet. Mussolini seems to fit Hillary just as easily in my book, and I find her foreign-policy record and current foreign-policy positions scarier than Trumps'.

    On China, it's a waste of time to look at China's thousands of years of history to judge the situation. China was all but completely isolated from the West for most of it. No, the world is way too small now.

    Right now we can ship anything non-spoilable across the world for pennies, talk to anyone, and access any piece of engineering knowledge less than a generation old for free. Yet the world has very steep valleys and peaks. And one billion of our fellow human beings who could do just as well as we do in our pitch and our board meetings if they were properly briefed still live lives barely distinguishable from those of our pre-industrial agrarian age ancestors.

    Is that a plea for real democracy, or does "board meetings" suggest an elitist bent? I'm hoping he's just rubbing the need for democracy in the appropriate "boards'" faces. After all, what is China's authoritarianism if not anti-democratic?

    Add your comment. Including the article/link number will help.


  17.    The Daily Shot; June 27 – Global Macro Currents

    Usually, I supply a snippet from The Daily Shot here and there. What with Brexit, etc., being so fresh, I suggest you read the whole edition today.

    Walter Kurtz is about the least self-promoting person out there pumping out info, so I just named him to give credit where it's due.

    Yes, you can almost find elsewhere all the info he supplies, but as an aggregator myself, I'm telling you, he does an amazing job of supplying a steady stream of the major news of this sort. Plus, he gives credit where due.

    Add your comment. Including the article/link number will help.


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