News: Real Estate, Risk, Economics. Feb. 23, 2016

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Table of Contents
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1) Xi Jinping’s News Alert: Chinese Media Must Serve the Party – The New York Times

2) How a Math Blunder Reignited Doubts About Lumber Liquidators – Bloomberg Business

3) CALL 6: Local landlords say many tenants trash properties – TheIndyChannel com

4) Tornadoes, Damaging Storms Kill One in Louisiana Before Moving East – NBC News

5) Case-Shiller: Housing in dire need of inventory as prices rise | HousingWire

6) Gas Facility That Had Blowout Will Have to Play by New Rules – ABC News

7) U.S. Home Prices up in December, but Short of Expectations

  1.    Xi Jinping’s News Alert: Chinese Media Must Serve the Party – The New York Times

    So much for promoting democracy in China, at least for right now.

    Some political analysts note that Mr. Xi’s attempts to impose total control over the media say as much about his personal insecurities and as they do about any Marxist-Leninist ideological vision that he holds.

    “The most important thing is for him to announce his absolute authority,” said Zhang Lifan, a historian. “He doesn’t feel effective and confident in dealing with problems, and he lacks a sense of security.”

    Mr. Zhang added, “He worries the Chinese Communist Party will lose political power, and he also worries that his peers will shove him from his position.”

    He’s only making things worse. Anti-democratic, one-party dictatorships aren’t the path to sustainable success.

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  2.    How a Math Blunder Reignited Doubts About Lumber Liquidators – Bloomberg Business

    The CDC’s error was on the calculation for ceiling height used to measure the intensity of formaldehyde exposure. So instead of using 8 feet as the standard height of a room, for instance, it used 8 meters, which is about 26 feet.

    Strange error.

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  3.    CALL 6: Local landlords say many tenants trash properties – TheIndyChannel com

    Central Indiana landlords want people to know that while there are plenty of bad landlords out there, there are also a lot of bad tenants.

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  4.    Tornadoes, Damaging Storms Kill One in Louisiana Before Moving East – NBC News

    Four confirmed tornadoes damaged homes and uprooted trees across Louisiana, according to the National Weather Service. …

    In Ascension Parish, Louisiana, at least eight homes and businesses were damaged ….

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  5.    Case-Shiller: Housing in dire need of inventory as prices rise | HousingWire

    Housing supplies are so low that people are having a hard time even renting.

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  6.    Gas Facility That Had Blowout Will Have to Play by New Rules – ABC News

    The gas storage facility that spewed methane uncontrollably for almost four months, driving thousands of families from their homes, won’t resume operations until it has undergone tougher tests than ever required before, a process that will take months and perhaps even longer.

    The massive leak drew attention to the Southern California Gas Co. facility and the larger subject of old energy infrastructure nationwide. It also put heat on the state to speed up tougher new regulations that will outlaw a risky practice that put the well in jeopardy of a blowout.

    … The well that failed had its safety valve removed in 1979. It wasn’t required and was never replaced.

    Not smart.

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  7.    U.S. Home Prices up in December, but Short of Expectations

    “The housing recovery continues, but the sharp drop in consumer confidence could be a sign that consumers are becoming anxious about their economic plight as the fallout from global growth concerns filters through to Main Street,” said Millan Mulraine, deputy chief economist at TD Securities in New York.

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