News: Real Estate, Risk, Economics. Jul. 4, 2017

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Table of Contents
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1) Jeremy Corbyn wishes would cause money to flee the country, says FERGUS KELLY | Express[dot]co[dot]uk

2) One of America's First Clean Coal Plants May Have Just Died – Bloomberg

3) Cryptocurrencies — a growing issue for military, intel agencies and law enforcement

4) China is building first 'forest city' of 40,000 trees to fight air pollution | indy100

5) How to Deter the Most Worrisome Cyber Threats Online | North Financial Advisors

6) How to build a wildfire defensible space around your home | KING5[dot]com

7) Are the Proposed Lower Corporation Tax Rates Good for Landlords?

8) Global Cyber Attack Affects Shipping, FedEx, Emails and More

9) California Wildfire Destroys Ranch Home of 'Big Bang Theory' Star

10) Interior starts process to expand offshore drilling plan

11) Undeterred by 'Flawed' Study of Seattle's Pay Increases, Minneapolis Approves $15 Wage – YouTube

12) The World's Largest Floating Solar Plant Is Finally Online

13) HomeAdvisor | Carpet Cleaning: What Do the Experts Know?

14) 6 Top Issues Plaguing Commercial Real Estate Professionals In 2017 – Commercial Real Estate

15) Is the renting trend turning around?

16) Facts About Fireworks: 11,000 Injuries, 4 Deaths in 2016

17) Duo arrested for Magnolia house fire that injured firefighter – Houston Chronicle

18) 'This will feel severe': Toronto real estate industry bracing for June sales slowdown – Article – BNN

19) MSP – DIFS Offers Tips to Michigan Residents; Know Your Rights When Working With Insurance Companies

20) America's Pension Bomb: Illinois Is Just the Start

21) Tracy Chou, leading Silicon Valley engineer, explains why every tech worker needs a humanities education — Quartz

22) Britain 'is on the brink of housing price collapse' | Daily Mail Online

23) Understanding Society: Jobs, basic income, and the future of the techno-market economy

24) China tears up promises to UK and shows the world who is in charge | World news | The Guardian

25) Republicans say Medicaid doesn't work, so it should be cut. Here are all the ways they're wrong – LA Times

26) With Apartment Living on the Rise, Where Does That leave the Single Family Market? – DSNews

27) United States Living Wage Individual | 2015-2017 | Data | Chart | Calendar

28) Why poverty is skyrocketing in the suburbs

29) [Highly Recommended] Single Market Mythologies — Prime Economics

30) What to Do When You Hear the Words, "Your Rental is a Meth House."

31) How Debt & Taxes Make the Rich Richer and the Poor Poorer

32) Greystar Fund Will Acquire Monogram in $3 Billion Deal | Fortune[dot]com

33) Family firm in Ukraine says it was not responsible for cyber attack | Reuters

34) Police seize servers of Ukrainian software firm after cyber attack | Reuters

35) Big Houses in the US Are Back (And There's a Growing Housing Bubble)

  1.    Jeremy Corbyn wishes would cause money to flee the country, says FERGUS KELLY | Fergus Kelly | Columnists | Comment | Express.co.uk

    I learned ages ago to never simply accept a libertarian-capitalist's use of stats: where they came from, what methodological errors were made, and how the stats are being spun, etc. However, even if this guy were right (and he's not) about the stats, all he'd really be saying is that both Margret Thatcher's and Jeremy Corbyn's plans stink, as both fall on the bankers-create-the-money spectrum. Well, get rid of the bankers-create-the-money spectrum entirely. Then the author can whine against democracy, which is what he's really afraid of.

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  2.    One of America's First Clean Coal Plants May Have Just Died – Bloomberg

    If all that money had been sunk into solar instead … wow!

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  3.    Cryptocurrencies — a growing issue for military, intel agencies and law enforcement

    … one has to wonder how much human trafficking, illegal drugs sales, arms sales, militia financing and terrorist activity support is represented in the figures above. One has to wonder about the cryptocurrency dollar value on the dark web. It is surely a national security issue!

    Pardon me while I say that I've been calling for this stuff to be banned. Before it was ever released (and the people who started it invited me directly to buy in, in a pre-release, for $25 per Bitcoin), I said it would turn out to be a disaster for the reasons stated above and for which reasons I did not buy in back then and never will. I was also sent a personal invitation to join the Silk Road but refused that too, as I knew full well it was started by criminal anarchists for criminal anarchists. I told them in so many words to keep their evil temptations to themselves! Needless to say, I stopped receiving such invitations.

    Such outfits are so bad that any associations with them whatsoever can cause headaches. I'm not suggesting you fear your own shadow but just be vigilant; and the moment you smell a rat, get out and make it clear you want nothing further to do with any of it.

    Don't forget, cryptocurrencies are funding ransomware, which is costing all of us in one way or another.

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  4.    China is building first 'forest city' of 40,000 trees to fight air pollution | indy100

    It looks nice, but I really wonder about spiders and insects. If they use a balance of predators against any types that overpopulate or are a problem from a health and safety perspective, that will help. However, perhaps they are overdoing it. Well, we'll soon find out. If it works, then great!

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  5.    How to Deter the Most Worrisome Cyber Threats Online | North Financial Advisors

    It's a good starter list.

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


  6.    How to build a wildfire defensible space around your home | KING5.com

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


  7.    Are the Proposed Lower Corporation Tax Rates Good for Landlords?

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


  8.    Global Cyber Attack Affects Shipping, FedEx, Emails and More

    Training staff on what not to open and places not to visit is very important. However, the cyber wars will continue to evolve.

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


  9.    California Wildfire Destroys Ranch Home of 'Big Bang Theory' Star

    It's here, as with each recent year. Global warming is costing us dearly, not that every fire is caused by it. To say that no fires are magnified by it is, however, sheer recklessness.

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  10.    Interior starts process to expand offshore drilling plan

    I think carbon burning, raising the CO2 in the air, is a bad idea in general. That said, if these people are going to allow more offshore drilling, where are the increased safeguard-requirements? Where are the increased insurance requirements? Where are the guarantees for coastal areas in the event of another disaster like the Deepwater Horizon? The list goes on and on.

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


  11.    Undeterred by 'Flawed' Study of Seattle's Pay Increases, Minneapolis Approves $15 Wage – YouTube

    Economic Policy Institute's Ben Zippered and small business owner Andrew Buerger discuss the overwhelming data that shows minimum wage increases don't hurt employment, and why uplifting workers also has broader benefits.

    This is a solid report.

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  12.    The World's Largest Floating Solar Plant Is Finally Online

    Far better than what they were doing …

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


  13.    HomeAdvisor | Carpet Cleaning: What Do the Experts Know?

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


  14.    6 Top Issues Plaguing Commercial Real Estate Professionals In 2017 – Commercial Real Estate

    … developers are looking for value-add opportunities to purchase and upgrade older product. Some builders are taking steps toward constructing affordable residential spaces close to mass transit stations, primarily thanks to municipal incentives in the form of tax breaks and the ability to bend zoning codes.

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


  15.    Is the renting trend turning around?

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


  16.    Facts About Fireworks: 11,000 Injuries, 4 Deaths in 2016

    Most landlords ban them from the property.

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


  17.    Duo arrested for Magnolia house fire that injured firefighter – Houston Chronicle

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


  18.    'This will feel severe': Toronto real estate industry bracing for June sales slowdown – Article – BNN

    The greater Toronto housing market took a sharp turn following Ontario's 16 new measures to rein in the region, as listings skyrocketed and sales plunged.

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


  19.    MSP – DIFS Offers Tips to Michigan Residents; Know Your Rights When Working With Insurance Companies

    These tips apply pretty universally regardless of the state in the US where your claim may occur.

    The article doesn't say not to send in original receipts or other documents. Send or submit copies.

    Try to complete your claim form online. You'll be able to see the questions directly and know the exact wording supplied by you to the insurance company. If you can't get online, then by all means, contact the carrier and/or your agent/broker by other methods of communication available to you. Don't delay to start a claim if you're going to make a claim at all. Sometimes, small claims aren't recommended due to deductibles and the number of prior claims, etc.

    If you don't know the full extent of the damages yet, say so. Reserve the right to amend your claim if and when further damage comes to light and is able to be documented.

    Be open, honest, and direct with the insurance company's claims adjuster/representative, but do document every communication.

    If you feel you're possibly being shortchanged somehow, ask questions of your broker/agent and also the carrier's adjuster before filing a formal complaint against the insurance company. Insurance policies and endorsements can be quite confusing in terms of exclusions. Sometimes a carrier can make an honest mistake, and sometimes a carrier is right and to the insured satisfaction, can explain why the carrier decided as it did.

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  20.    America's Pension Bomb: Illinois Is Just the Start

    See the chart on the linked page.

    If we don't democratize the money supply, we're sunk as a nation and People.

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  21.    Tracy Chou, leading Silicon Valley engineer, explains why every tech worker needs a humanities education — Quartz

    Ah, someone who agrees that tech people need a well-rounded education …

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  22.    Britain 'is on the brink of housing price collapse' | Daily Mail Online

    According to Prof Cheshire, the fall in real incomes — when wages fail to keep up with inflation — is likely to be the spark for a fall in house prices. Inflation hit 2.9 per cent last month, while incomes only grew by 2.1 per cent.

    Of course.

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  23.    Understanding Society: Jobs, basic income, and the future of the techno-market economy

    … let's consider whether the establishment of a universal basic income would in fact lead to a substantially better level of quality of life and real freedom for the disadvantaged in a given capitalist democracy. To start, the level of basic income postulated by van Parijs and Vanderborght is by no means comparable to the level of living standards associated with a current unionized American worker. At $18/hour, a single earner family in the automotive manufacturing sector generates about $36,000 per year; with two earners this may rise to $48,000-$72,000 per year, depending on the nature of the second earner's job and number of hours of work. So the universal basic income does not substitute for "good jobs".

    There you see why I've been calling for a Universal Living Income (ULI) of at least 3 times the poverty line. It will take at least that much to free up people to pursue improvement without nearly the stress levels we see today. I've also said that both higher education and healthcare should be federal guarantees and not cost the individual a dime of the ULI.

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  24.    China tears up promises to UK and shows the world who is in charge | World news | The Guardian

    What terminology is glaringly missing from this article? Totalitarian dictatorship. Yes, there is no doubt whatsoever that Xi Jinping is a total dictator. He knows it. He doesn't care. He claims it a good and necessary thing that he was not elected by the People of China. Guess who created him? The "free-market"/globalizing capitalists. What should have happened instead? Before allowing dictatorial Marxist/Maoist China to start becoming super rich and super powerful under state capitalism, binding strings should have been attached to all trade openings. Democracy should have been at the top of the list. No democracy, no trade, no getting rich, no getting powerful. Is it too late? It's never too late to stand up for full democracy.

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  25.    Republicans say Medicaid doesn't work, so it should be cut. Here are all the ways they're wrong – LA Times

    There are people in high places who are actually spreading the entirely fake news that having no coverage is better than having Medicaid.

    Look, if Medicaid has problems, simply killing it without giving people better healthcare is not going to solve a thing. It's only going to make matters worse. If the idea is to give tax breaks to the rich via cuts to Medicaid, then shame on those who are pushing it.

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  26.    With Apartment Living on the Rise, Where Does That leave the Single Family Market? – DSNews

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


  27.    United States Living Wage Individual | 2015-2017 | Data | Chart | Calendar

    This is not what I call "living" for purposes of my term "Universal Living Income."

    Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey.

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  28.    Why poverty is skyrocketing in the suburbs

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  29.    [Highly Recommended] Single Market Mythologies — Prime Economics

    As the Brits say, this is spot on. John Weeks nails it:

    The European Union represents the continuation of the post-war project that began with the formation of the European Coal and Steel Community in 1951, whose purpose was not competition but cooperation among the members (Belgium, France, Germany, Italy, Luxembourg and the Netherlands).

    For the next three decades the central purpose of this and subsequent stages of European integration was peace among European governments that had been engaged in colonial rivalry, proxy wars or direct conflict for over a century. Overwhelming emphasis by the European Commission on the purely economic aspects of European integration — the "single market" — dates from the (Thatcher-inspired) Single European Act of 1986, and then the Maastricht Treaty and introduction of the euro. This emphasis derives from the growing hegemony of neoliberal ideology in Europe, especially in the German government and the German central bank (Bundesbank).

    … if EU tariffs cause UK exports and employment to decline, then it must also be the case that UK tariffs will make EU exports decline. The lower EU exports may in part be replaced by UK production, which would increase domestic employment.

    … sales lost in the EU 27 countries by UK good exporters might be diverted to non-EU countries. UK goods trade with non-EU countries has grown faster than with the EU 27. This is part of a more general trend, with the EU 27 countries increasing their extra-EU trade faster than EU internal trade. …

    That tariffs induce increases in domestic employment should come as no surprise. It is a trade policy known to past generations as "beggar thy neighbour". As the great British economist Joan Robinson explained 80 years ago, tariffs do indeed tend to increase employment in the tariff raising country. As a result, employment falls in the country hit by the tariff, inducing its government to match or exceed the level initial tariff attack. The result can be a tariff war in which political relations among trading partners deteriorate, in the extreme case to armed conflict.

    Rather than facilitating trade for its own sake, the creation of the European Coal and Steel Community and the subsequent European Economic Community sought to prevent this sequence, tariff wars leading to political conflict. The wording of the amendment to the Queen's Speech mentioned at the outset of this article sought to preserve membership in the single market without simultaneous commitment to the political and social goals of European cooperation and unity.

    If that interpretation of the amendment is correct, it embodied a narrow, purely economic view of our relations with the continent. This focus on the single market as a "free trade" goal desirable in itself is part of the globalization ideology that has weakened support for EU membership in Britain as well as across Europe. It may well be that those voting for the amendment acted on their convictions; if so, the convictions were definitively neoliberal.

    Which means they were not at all democratic in nature or aim. That's been the problem all along.

    Even when the EU project was being formulated, its founders' aim was technocracy, not democracy. That's why the People of the EU countries have never really felt they've had a strong enough say in EU policies and practices. It's why Greece is one step from a failed state and is, and has been, in a deep economic depression while the Germans have been just dandy hiding behind their approach of "beggar thy neighbor" ordoliberalism, which is just neoliberalism with a welfare state for Germans in Germany and to hell with the Greeks and all other EU peoples.

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


  30.    What to Do When You Hear the Words, "Your Rental is a Meth House."

    "The last guy who lived here was running this as a meth house!"

    … after considering it more, he reluctantly ordered the lab test.

    To Brian's happy surprise, the chemical lab returned a surprising result:

    No trace of meth in his rental home.

    Zero.

    Brian is a nice guy or just not savvy or litigious.

    Why do I say that? Well, that neighbor who told the new potential screening firm who told them "The last guy who lived here was running this as a meth house" could have been sued. In fact the former management firm could have been sued for simply repeating that statement without having verified it or having offered to verify it. That potential new screening company may have misspoken or miscommunicated in ways that left them open to being sued too. Lastly, who was that "blue light guy" and what sort of assets did he have at the time to go after for his fraudulent attempt?

    Okay, so maybe Brian thought all about that and decided that the legal fees and hassle would simply not be worth the time or gamble. There are always quick settlements though. However, word gets around if you sue people or threaten to do so at the drop of a hat.

    Yes, there're many things to consider in such situations.

    Buy the way, a former meth-cooking/lab house can be bought, fixed, and flipped without anyone realizing what the property was and what hazards remain. It isn't even healthy to be in one before, during, or after the fix and flip unless one is fully suited up in hazmat gear if the contamination was bad enough and the cleanup not thorough enough.

    The images in the article show that.

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  31.    How Debt & Taxes Make the Rich Richer and the Poor Poorer

    Hey, this is a good thing for Dave Van Horn to have shared in this mixed economy of ours that tends to rig the system in favor of those who benefit at the expense of others held down by that rigging. You've heard of the safety net, right? Well, there's a net above too, not to catch those above from falling lower but to keep those below from being able to easily climb up. It's like a filter or screen that must be broken through, which isn't always easy and sometimes doesn't happen even for those who play by all the rules including the main one in this article. There are setbacks handed to people who try everything "right."

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


  32.    Greystar Fund Will Acquire Monogram in $3 Billion Deal | Fortune.com

    So, what initial thoughts do I have? First, coastal development is going to run headlong into rising sea levels. What's the plan with this company? Second, they're going to buy up London while it's going down until they see the bottom. They aren't going to wait for the bottom because the bottom won't take that long to reach and things won't sit there long. They'll rent it all out. It's what happened in the US only this will be at a quicker pace (they think).

    What are your thoughts on the matter?

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  33.    Family firm in Ukraine says it was not responsible for cyber attack | Reuters

    I wonder if their product/service-liability carrier is providing legal counsel.

    This one will be interesting to watch unfold. Perhaps the police are playing hardball just to see the reactions.

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  34.    Police seize servers of Ukrainian software firm after cyber attack | Reuters

    The article sheds more light; however, the following is, in my view, likely the result of hyper-politicization and more along those lines and not the result of pure computer-security forensics:

    On Saturday Ukrainian intelligence officials accused Russian security services of being behind the attack, and cyber security researchers linked it to a suspected Russian group who attacked the Ukrainian power grid in December 2016.

    A Kremlin spokesman dismissed charges of Russian involvement as "unfounded blanket accusations".

    Derevianko said the hacker's activity in April and reported access to M.E.Doc's source code showed Ukraine's computer networks had already been compromised and that the intruders were still operating inside them.

    "It definitely tells us about the advanced capabilities of the adversaries," he said. "I don't think any additional evidence is needed to attribute this to a nation-state attack."

    I find such knee-jerk allegations stated as if they are established facts more harmful than helpful when it comes to real computer security. After all, Russia was apparently the second hardest hit nation by the attack following Ukraine. Working together to stop cyber crime is better than unsubstantiated finger pointing to supposedly support ideological and other such agendas.

    Insurance companies don't cover war damages. Think about it.

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


  35.    Big Houses in the U.S. Are Back (And There's a Growing Housing Bubble)

    They are going up because of the income divide. Raising rates too much on the poor isn't going to really solve a thing. It's just robbing poorer Peter to pay richer Paul.

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


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