About Tom Usher

Property and casualty insurance broker/producer

News: Real Estate, Risk, Economics. Jun. 21, 2017

Linking ≠ endorsement.

Table of Contents
(Click to sections below.)

1) The End of Net Neutrality Could Shackle the Internet of Things | WIRED

2) The Great Kansas Tax Cut Experiment Crashes And Burns

3) ScienceCasts: Greenland's Thinning Ice – YouTube

4) Russia Likely to Mandate Identity Checks for Bitcoin Purchases – CoinDesk

5) Germany faces future of being the European Union's 'magic money tree' | World | News | Express[dot]co[dot]uk

6) Sea Level Rise due to Global Warming Threatens Vancouver – YouTube

7) Grenfell Tower fire: huge blaze breaks out in 24-storey apartment block in London | UK news | The Guardian

8) Why Does Homeowners Insurance Exclude Certain Dog Breeds?

9) China's Top Property-Bubble Prophet Says Prices Set to Soar – Bloomberg

10) Breaking Up the Banks Is Easier Than You Might Think | The Nation

11) What should the future form of our money be?

12) Privatisation: a way to a more competitive economy, or exercise in Orwellian doublespeak? — Prime Economics

13) Rent, don't invest your money in a home mortgage, says a new report

14) Developers lure buyers to cities, even as prices stall

15) Eight failures that left people of Grenfell Tower at mercy of the inferno

16) Trump Infrastructure Plan Lays the Foundation to Build Corporate Corruption and Greed – YouTube

17) Case Study: Why $30k Real Estate CAN Be Profitable [With Pictures & Numbers!]

18) The Fed Is Flying Blind – Bloomberg

19) Janet Yellen Is Her Own Best Successor – Bloomberg

20) The Controversy Over Inflation – The Atlantic

21) Jeremy Corbyn: Why can accommodation be found for Heathrow passengers and not Grenfell residents? – The i newspaper online iNews

22) 50+ confirmed hurt in deck collapse near Lakeside – KPAX[dot]com | Continuous News | Missoula & Western Montana

23) Official warns Illinois finances in 'massive crisis mode' | The Seattle Times

24) Elizabeth Warren wants the Wells Fargo board wiped out – Jun. 19, 2017

25) Rental Property Number 8 Trashed by Tenants! – YouTube

26) "Bribing voters" and all that: neoliberal contempt for democracy? — Prime Economics

27) Are High Rents Inevitable? | The Regulatory Review

28) Women feared dead in Grenfell fire 'were sent legal letters for raising safety fears' | Metro News

29) Michael Rosen: A firefighter who attended Grenfell tower has written this:

30) How real-estate investors see Seattle tech | The Seattle Times

31) Meet the next generation of real-estate designers | New York Post

32) The Brainiest Professor In Real Estate Wrote A 95-Page Paper On PropTech And We Read It All So You Don't Have To

33) What to know before using school ratings tools from real estate companies – The Washington Post

34) Malware Uses Obscure Intel CPU Feature to Steal Data and Avoid Firewalls

35) Tragic London Fire Raises Questions About 'Stay Put' High-Rise Safety Rule

36) New York City Carbon Monoxide Leak Sickens 32 People

37) $6.65M Settlement Reached in Connecticut Christmas House Fire That Killed 5

38) Idaho Woman Wants Insurer to Pay for Leveled Home

39) Grapefruit size hail strikes Mideland/Odessa, TDI sends fraud investigators to area | SE Texas Record

40) After storm damage, be wary of 'post-loss assignments' when hiring a contractor for repairs | Money | omaha[dot]com

41) West Toledo man faces arson, insurance fraud charge – The Blade

42) Lawyer indicted for insurance fraud involving roof claims

43) Deputies catch man wanted for roofing repair scam – WMC Action News 5 – Memphis, Tennessee

44) K-9 arson fighters show off skills in annual recertification | WOODTV[dot]com

45) KC Man Pleads Guilty to Arson, Insurance Fraud | USAO-WDMO | Department of Justice

46) Pittsburgh considers bigger incentives for building cut-rate housing | TribLIVE

47) State bill would block Caltrans rent hikes for houses along 710 freeway route – Curbed LA

48) Economics textbooks transmogrifying truth — wages and unemployment | Real-World Economics Review Blog

49) Study: US must add 4.6M new apartments by 2030 to meet rising demand – Curbed

50) In Most States, a Spike in 'Super Commutes' Over 90 Minutes Long

51) Foreign investors snapping up London homes suitable for first-time buyers | Society | The Guardian

52) Fed raises rates, unveils balance sheet cuts in sign of confidence | Reuters

53) Why we should print money to fund green investments | Guardian Sustainable Business | The Guardian

54) The Hourly Wage Required to Rent a 2-Bedroom Apartment, 2017 – CityLab

55) Coastal Cities Unprepared for Major Floods As Sea Levels Rise – YouTube

56) Ukraine Goes On Anti-Russia Pipeline Offensive As Europe Goes Nuts

57) Construct material collapse injures two workers, traps one – NY Daily News

58) Treasury yields slip as traders bet on slower rate-hike cycle – MarketWatch

59) Seattle landlords must give voter-registration info to new renters, City Council decides | The Seattle Times

60) Fire Caused by Lightening Bolt Damages 12 Florida Apartments

  1.    The End of Net Neutrality Could Shackle the Internet of Things | WIRED

    Net neutrality isn't the simplest concept to grasp. Explaining it works best via example: Net neutrality means, say, that internet providers like AT&T, Comcast, and Verizon, which also have their own television and streaming video services, can't create "slow lanes" for competing services. They can't gum up traffic from sites such as Netflix and Dish's SlingTV in favor of their own.

    But net neutrality doesn't just cover streaming video. It also ensures that you can use the devices that you want. Under the current net neutrality rules, your internet provider can't stop you from connecting any laptop, tablet, smartphone, or WiFi router you want to your home network. Without net neutrality, the days when broadband companies and cell carriers could let traffic flow faster to one brand of phone or computer over another could be coming. And that's just the start.

    Read the article, and imagine all the ways Net Neutrality is important to your industry/business, etc.

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


  2.    The Great Kansas Tax Cut Experiment Crashes And Burns

    Just as President Trump is ramping up his push for a major tax cut that he believes will pay for itself through faster economic growth, the Kansas template for that approach has crashed and burned. After four years of below-average growth, deepening budget deficits, and steep spending reductions, the GOP-dominated Kansas legislature has repealed many of the tax cuts at the heart of Governor Sam Brownback fiscal agenda.

    Nobody who knows anything about real economics really believes a major tax cut will pay for itself through faster economic growth. We all know that the one and only reason for the tax cut is to turn around and blame the larger deficit on entitlements and then try to increase privatization.

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


  3.    ScienceCasts: Greenland's Thinning Ice – YouTube

    NASA's OMG and Operation IceBridge missions are investigating the thinning of Greenland's ice sheets from both above and below.

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


  4.    Russia Likely to Mandate Identity Checks for Bitcoin Purchases – CoinDesk

    You may not like Russia, but it's the first nation to get this right.

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


  5.    Germany faces future of being the European Union's 'magic money tree' | World | News | Express.co.uk

    Union is great, but they did it all wrong. They did it based upon ordoliberalism, which is economic illiteracy. The Union should have been democratic rather than technocratic. The euro-supply should be decided by grassroots democracy, not bankers. The "magic money tree" expression is ridiculous. Of course the People could create all the money needed for what they want and do so without inflationary worries provided they have been fully informed by the data they also order up democratically. Inflation is nothing more than poor resource-planning.

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


  6.    Sea Level Rise due to Global Warming Threatens Vancouver – YouTube

    Deborah Carlson of WCEL explains the consequences of sea level rise for Vancouver and what local actions are being taken to counter the threat.

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


  7.    Grenfell Tower fire: huge blaze breaks out in 24-storey apartment block in London | UK news | The Guardian

    The investigation will be major. The findings hopefully will point to exactly what happened so we may all take steps, if we haven't already, to avoid the same.

    Such events always leave us with a heavy feeling of sadness. Let's be sure not to cut safety corners.

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


  8.    Why Does Homeowners Insurance Exclude Certain Dog Breeds?

    This is a very basic and straightforward explanation about why insurance companies see dogs as a risk and certain breeds and mixes as riskier than others.

    If one really delves into all the claims data, one sees a great deal about who's at risk more than others too (typically especially the aged and small children).

    Choosing a dog breed is similar to choosing a car. Some cars are riskier than others and consequently more costly to insure.

    Choosing certain dog breeds may result in the owner having to self-insure (in this case, cover the risk without insurance coverage concerning the dogs).

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


  9.    China's Top Property-Bubble Prophet Says Prices Set to Soar – Bloomberg

    These are extremely valid concerns.

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


  10.    Breaking Up the Banks Is Easier Than You Might Think | The Nation

    Nobody knows this issue better than does Nomi Prins.

    If Glass-Steagall had not been undone, the Great Recession would not have happened. If you doubtt it, read the article all the way through.

    In the fall of 2007, that system finally started buckling because of the problems of Citigroup, not because of the investment banks, which would not have been covered by Glass-Steagall. The catastrophe that hit Citigroup makes it clear just how crucial the repeal of that act was to the financial meltdown to come. Citigroup would "require" a taxpayer-financed bailout of $45 billion, $340 billion in asset guarantees, and $2 trillion in near-0% Federal Reserve loans between the fall of 2007 and 2010. That in itself was staggering and Citigroup wasn't alone. Federal Reserve Chairman Ben Bernanke would later testify that, by 2008, 11 out of the 12 biggest commercial banks were "insolvent" and had to be bailed out. The entire banking system was rotten to the core and the massive buildup of bad paper, high leverage, and speculative bets (derivatives) that made disaster inevitable can be traced directly back to the repeal of Glass-Steagall.

    Today, a fresh bubble is inflating. This time, it's not US subprime mortgages at the heart of a budding banking crisis, but $51 trillion in corporate debt in the form of bonds, loans, and related derivatives. The credit ratings agency S&P Global Ratings has predicted that such debt could rise to $75 trillion by 2020 and the defaults on it are starting to increase in pace. Banks have profited by the short-term creation and trading of this corporate debt, propagating even greater risk. Should that bubble burst, it could make the subprime mortgage bubble of 2007 look like a relatively small-scale event.

    Nomi chimes in on other issues where you may or may not agree with her; however, concerning the Glass-Steagall Act, she's right on for sure.

    Add your comment. Including the article/link number w ill help.


  11.    What should the future form of our money be?

    This is an excellent overview of money, perhaps the best I've ever seen in one article.

    Speech by Deputy Governor Jon Nicolaisen at the Norwegian Academy of Science and Letters, ….

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


  12.    Privatisation: a way to a more competitive economy, or exercise in Orwellian doublespeak? — Prime Economics

    Did you know that Adam Smith would be considered rather left-wing economically today in the USA?

    He fully understood the concept of natural monopolies (where public, rather than private, ownership is superior). Read the article to find out why that is. He understood that toll roads and the like are bad for overall business.

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


  13.    Rent, don't invest your money in a home mortgage, says a new report

    Return on investment over the long run is typically the key. Some people have done better renting where they live and using what they would have used for a down payment for a place for them to live on buying a place to rent out to somebody else. Do the math.

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


  14.    Developers lure buyers to cities, even as prices stall

    Not over built yet, but when? I've been bullish on construction all along in certain areas and still am.

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


  15.    Eight failures that left people of Grenfell Tower at mercy of the inferno

    If you thought that the photos from this fire were reminiscent of fires in the Middle East where the exteriors were not fire retardant or resistant enough, you weren't imagining things. As it turns out, fire-safety corners were cut to save developers and owners money rather than tenants lives.

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


  16.    Trump Infrastructure Plan Lays the Foundation to Build Corporate Corruption and Greed – YouTube

    Trumps infrastructure plan will further privatize public assets and derail the interests of the American people, says Dean Baker, co-director of the Center for Economic and Policy Research.

    I agree.

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


  17.    Case Study: Why $30k Real Estate CAN Be Profitable [With Pictures & Numbers!]

    This is fine. Of course and as most of you realize, it's all relative. Where is it located relative to you or your management firm you know and trust or which has a great reputation and finances, etc.? How's the local economy, the crime rate, and prospects for growth? What are the operating costs, including insurance? If it pencils out, then a less expensive place should not be rejected just because it's less expensive. "It's a numbers game" is another old, tried, and tested saying. One investment can turn bad. Don't judge an entire area based upon one experience but do learn from it. If others are having success in that region, find out why.

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


  18.    The Fed Is Flying Blind – Bloomberg

    So, the Fed raised the rate again on a hope that the economy will keep growing enough to drive up price inflation even though money will cost more to rent. They couldn't have waited, they say, because inflation could suddenly start running away and they, the Fed, would then be forced to tighten up too much too quickly, driving the economy into a deeper recession than otherwise.

    That sure isn't the way I would go about it. I'd wait for inflation and then dial down enough to stop the inflation without causing a recession. But then, I'm not trying to make more money for the bankers but rather common people.

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


  19.    Janet Yellen Is Her Own Best Successor – Bloomberg

    True:

    Warsh, Taylor, and Hubbard all reportedly see Yellen's Fed as having been too dovish, suggesting that that they would have done less to support the economic recovery. This approach would have led to higher unemployment and lower inflation — an inferior fulfillment of the Fed's dual mandate that marks them as worse candidates than Yellen.

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


  20.    The Controversy Over Inflation – The Atlantic

    The economy might just not be that good for that many people. The marquee unemployment rate is as low as it has been since 2001, but the employment-to-population ratio for people in their prime working years remains far below where it was before the Great Recession hit. Discouraged workers might be sitting at the fringes of the labor market. …

    … a prominent group of left-of-center economists—including the former Obama adviser Jason Furman and the Nobel laureate Joseph Stiglitz—are calling for the Fed to consider boosting its inflation target higher than 2 percent, to account for all those undershot years. As the Fed kept interest rates at zero "for seven years without sparking any large acceleration of aggregate demand growth, a reassessment of this target seems warranted," they wrote in a public letter to Yellen. "Such a reassessment is particularly appropriate when the lack of evidence that moderately higher inflation would harm Americans' standard of living is juxtaposed with the tremendous evidence that a tighter labor market would improve Americans' standards of living."

    This week, Yellen was receptive to that sentiment. "This is one of the most important questions facing monetary policy," she told reporters, saying that the Fed would look closely at whether it made sense to boost the target.

    I've been saying this all along.

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


  21.    Jeremy Corbyn: Why can accommodation be found for Heathrow passengers and not Grenfell residents? – The i newspaper online iNews

    This whole thing is a very interesting issue for a mixed economy with private landlords and real-estate owners. I've seen articles stating that requisitioning empty housing in a true emergency is tyrannical. That's seems more than an extreme view. It seems downright heartless. It's putting the material wealth of some completely above the health, safety, and wellbeing of others facing personal catastrophe often through little to no fault of their own, many of them often children, the aged, and the infirmed. Just taking without any reasonable justification or just compensation, etc., would be a different matter. I don't believe at this point that Jeremy Corbyn is suggesting doing that.

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


  22.    50+ confirmed hurt in deck collapse near Lakeside – KPAX.com | Continuous News | Missoula & Western Montana

    In some cases, the number of people on such decks during a collapse exceeded the legal limit. Other causes are often improper and/or insufficient inspections, repairs, and maintenance. Even for old decks, it can sometimes turn out to be improper construction (material, workmanship, engineering, etc.) in the first place.

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


  23.    Official warns Illinois finances in 'massive crisis mode' | The Seattle Times

    "Once the money's gone, the money's gone, and I can't print it," Mendoza said.

    That's the problem. If we were to create enough money to pay for the things, that money would be being put to productive use. GDP would increase. There would not be more money chasing less. Hence, it would not be price inflationary, per se, unless there were resource bottlenecks that couldn't be overcome within a reasonable time. The only other issue would be whether the government should just create the money and spend it directly into the state's payment system or whether the government (federal) should issue bonds and pay interest (which is inflationary, all other things being equal).

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


  24.    Elizabeth Warren wants the Wells Fargo board wiped out – Jun. 19, 2017

    Holding fully accountable those at the top seems to be something many regulators seek to avoid.

    I don't know enough about the responsibilities and actions of each board member for me to be able to state that they all need to go. Did any object when things were wrong and before the wrongdoing was exposed? That said, why would anyone stay on under such circumstances of raising objections but being ignored about them? It might have to do with the timing of the objections and when the wrongdoing came out. Objections raised with the view of giving the bank only so long to do the right thing would be a consideration.

    Regardless, I think Senator Warren is correct in saying that the Fed should take a much firmer hand. Just how independent is the Fed from the banking industry? What are the Fed's real objectives?

    Warren mentioned risk management. Moral hazard is a major factor. Not holding people to account to a sufficient degree allows those people to simply consider wrong-doing as a risk worth taking and an acceptable cost-of-doing-business when caught. That's a cycle that must be broken if we are to ever have an moral, ethical, legal, and trustworthy monetary and financial system.

    We need a system where "bankster" rarely or never applies.

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


  25.    Rental Property Number 8 Trashed by Tenants! – YouTube

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


  26.    "Bribing voters" and all that: neoliberal contempt for democracy? — Prime Economics

    This sort of economic discussion has been historically censored in the US. The Internet is changing that.

    Note the logic in the argument. Of course, there are libertarian-capitalists in the US who argue that literally everything should be privatized.

    The NHS provides the vindication of universal coverage, the efficient and effective means of provision and the basis for its own political sustainability. Thus we have the golden rule of social democracy. Broaden the beneficiary pool and eliminate poverty and reduce inequality while gaining electoral support.

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


  27.    Are High Rents Inevitable? | The Regulatory Review

    … the tax credit program does "remarkably little to make housing more affordable." They maintain that the tax credit program has none of the characteristics of a "good policy" because of its cost, its tendency to benefit developers rather than residents, and its failure to limit construction to areas that actually require new buildings.

    Those certainly don't sound like insurmountable obstacles to me.

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


  28.    Women feared dead in Grenfell fire 'were sent legal letters for raising safety fears' | Metro News

    This one gave me goosebumps (sad goosebumps).

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


  29.    Michael Rosen: A firefighter who attended Grenfell tower has written this:

    Wow!

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


  30.    How real-estate investors see Seattle tech | The Seattle Times

    Robert Sammons, a co-author and regional director of Northwest U.S. research at Cushman & Wakefield, said Seattle is "certainly one of the biggest, if not the biggest competitor to Silicon Valley and San Francisco.

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


  31.    Meet the next generation of real-estate designers | New York Post

    Maybe you don't want to spend the kind of money even new designers of note command, but you can look over their shoulders.

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


  32.    The Brainiest Professor In Real Estate Wrote A 95-Page Paper On PropTech And We Read It All So You Don't Have To

    "The millennial generation for whom Uber, Airbnb and the shared use of space are natural may be youthful idealists who will mutate into conservative property-owning and non-sharing parents," he argues.

    That is THE question.

    As for smart real estate, the most important issue right now is security (anti-hacking, etc.).

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


  33.    What to know before using school ratings tools from real estate companies – The Washington Post

    Good food for thought about how to view and describe your local schools:

    Americans traffic regularly in bad data, or use otherwise reasonable data in highly problematic ways. Newspapers print rank-ordered lists of schools organized by average test score, as if somehow that tells us about school quality.

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


  34.    Malware Uses Obscure Intel CPU Feature to Steal Data and Avoid Firewalls

    In case you missed it …

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


  35.    Tragic London Fire Raises Questions About 'Stay Put' High-Rise Safety Rule

    Thoughts of 9/11 immediately come to the minds of many. So, we have to consider why the fire started. Is there major structural damage that might result in collapse or a more rapidly spreading fire or damage to the fire suppression system, etc.? Who's in the best position and with the best training to evaluate such matters? Statistically, if the building is new and in a zone that has strong fire codes, then remaining in place when the fire department tells you to is currently the best move.

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


  36.    New York City Carbon Monoxide Leak Sickens 32 People

    …broken boiler pipe in a grocery store basement….

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


  37.    $6.65M Settlement Reached in Connecticut Christmas House Fire That Killed 5

    The law suit claimed the city issued a building permit when the contractor was unlicensed and approve plans without required smoke detectors.

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


  38.    Idaho Woman Wants Insurer to Pay for Leveled Home

    This one will be interesting to see how it finally turns out. I can't discuss the insurance aspects, as I'd have to see the full policy and look at state issues and case law just to offer an opinion (with disclaimer).

    What I can say is that written contracts are so very important and those should cover, among many other things, insurance issues.

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


  39.    Grapefruit size hail strikes Mideland/Odessa, TDI sends fraud investigators to area | SE Texas Record

    "Unfortunately, a big storm can also draw some bad contractors and scam artists to the area," said TDI Fraud Chief Christopher Davis.

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


  40.    After storm damage, be wary of 'post-loss assignments' when hiring a contractor for repairs | Money | omaha.com

    I completely agree with the Department here. I personally would never sign one, neither would I recommend doing so to anyone else. Honestly, sign at your own risk. You have to decide if the contractor is someone you'd trust with, say, a power of attorney concerning your claim.

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


  41.    West Toledo man faces arson, insurance fraud charge – The Blade

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


  42.    Lawyer indicted for insurance fraud involving roof claims

    Okay, so how could an attorney imagine he'd get away with it?

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


  43.    Deputies catch man wanted for roofing repair scam – WMC Action News 5 – Memphis, Tennessee

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


  44.    K-9 arson fighters show off skills in annual recertification | WOODTV.com

    On average, the rate of successful prosecution for arson is anywhere from 12 to 14 percent, according to Paul.

    "With an arson dog on scene, the national average goes from 40 to 50 percent," she told 24 Hour News 8.

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


  45.    KC Man Pleads Guilty to Arson, Insurance Fraud | USAO-WDMO | Department of Justice

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


  46.    Pittsburgh considers bigger incentives for building cut-rate housing | TribLIVE

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


  47.    State bill would block Caltrans rent hikes for houses along 710 freeway route – Curbed LA

    "For me, the fair thing to do is to freeze rents and help facilitate the sale of the properties as quickly and efficiently as possible," he said.

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


  48.    Economics textbooks transmogrifying truth — wages and unemployment | Real-World Economics Review Blog

    Wages have fallen for many, and what's happened?

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


  49.    Study: U.S. must add 4.6M new apartments by 2030 to meet rising demand – Curbed

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


  50.    In Most States, a Spike in 'Super Commutes' Over 90 Minutes Long

    With growing evidence that essential employees like teachers and police officers are having trouble living in the cities they serve, lawmakers in some states with fast-climbing rents have introduced bills this year to encourage more affordable worker housing.

    Good. I called for just that years ago in this very blog.

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


  51.    Foreign investors snapping up London homes suitable for first-time buyers | Society | The Guardian

    … he also stressed that "international investment plays a vital role in providing developers with the certainty and finance they need to increase the supply of homes and infrastructure for Londoners".

    It's not true. The money to build enough affordable housing in the UK and London definitely does not have to come from foreign sources. It's the fallacy of there being no "money tree." There is a money tree. The problem is, it's monopolized by the bankers rather than the people's democracy.

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


  52.    Fed raises rates, unveils balance sheet cuts in sign of confidence | Reuters

    As my readers know, Neel Kashkari is holding with what has been my view all along. I believe there is still plenty of labor slack. I also believe there are automation pressures coming. Lastly, the Republican tax plan will not work but rather actually damage the economy. The Fed will likely claim it created room to lower rates against the recession. I'll be there saying that if they hadn't raised them, they wouldn't be needing to lower them quite so much due to the bad tax/privatization scheme. Regardless, it will take a massive stimulus to get us out of a Kansas/Brownback-type national recession.

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


  53.    Why we should print money to fund green investments | Guardian Sustainable Business | The Guardian

    Note the date of this article. Also think about how this idea has been systematically deliberately ignored and suppressed by the banking industry. You see, once the People actually catch on to how this would work and then try it, they'll see that the banking industry isn't needed the way once thought.

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


  54.    The Hourly Wage Required to Rent a 2-Bedroom Apartment, 2017 – CityLab

    For millions of Americans, housing costs are perversely mismatched to hourly wages. In 2017, the average U.S. worker would need to bring in a whopping $21.21 per hour to reasonably afford a modest two-bedroom apartment. That's nearly three times the federal minimum wage of $7.25, and roughly 30 percent more than the $16.38 hourly wage that the average U.S. renter brings home.

    As a landlord, you do not necessarily benefit from this situation. There are ways for landlords to make the same ROI while tenants make more money without rents going up. In fact, a more financially burdened and stressed population ends up costing more.

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


  55.    Coastal Cities Unprepared for Major Floods As Sea Levels Rise – YouTube

    The Trump Administration is making it even harder for coastal cities to defend themselves against increased flooding brought about by climate change, says Michael Oppenheimer, professor of Geosciences and International Affairs at Princeton University.

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


  56.    Ukraine Goes On Anti-Russia Pipeline Offensive As Europe Goes Nuts

    Yes, I read this sort of stuff all the time. I'll refrain from political commentary on this one. I'm including it here because international risk-management impacts at home, and this article is the best I've read to-date on this particular subject.

    As a reminder, I oppose neoliberal economics and am positive there is Anthropogenic Global Warming happening right now, which if left unchecked, will cause huge catastrophic damage that could otherwise be avoided.

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


  57.    Construct material collapse injures two workers, traps one – NY Daily News

    Overloading floor joist?

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


  58.    Treasury yields slip as traders bet on slower rate-hike cycle – MarketWatch

    I call this backpedaling rather than hedging.

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  59.    Seattle landlords must give voter-registration info to new renters, City Council decides | The Seattle Times

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


  60.    Fire Caused by Lightening Bolt Damages 12 Florida Apartments

    Firewalls that extend through the roof help to prevent such spreading of fires.

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

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