Another example today of moral hazard as the FDIC announces plans to test principal reductions. A principal reduction is when the bank allows a foreclosed homeowner to have their total home loan value reduced, also known as a “cram-down” or “principal… Read More ›
Month: February 2010
School Fires All Of Its Teachers While Union Seeks Legal Action
From the Associated Press: “A Rhode Island school district has voted to fire all the teachers at an underperforming school. The Central Falls School Committee voted Tuesday evening to fire every educator at Central Falls High School at the end… Read More ›
Uncertainty, The Storm That Never Ends
Nothing makes a recession last longer than market uncertainty. Contrary to what the government would have you believe, the “market” is fairly predictable. There are thousands of leading and lagging indicators that move in certain directions of varying amounts and can… Read More ›
Do Cell Phones Start Gas Station Fires?
Just a little public service announcement… In hopes that I can dispell an urban legend from time to time and improve the standard of living for everyone, I offer the following… Snopes.com reports that there have been no reports of… Read More ›
Man Bulldozes His Home To Avoid Foreclosure
You can read the article here. This man had a lien put on his house because of his failing business and the IRS and his bank were fighting over what was left of his assets, namely his home and a… Read More ›
Tea Party As A Third Party?
My faith in the American people has somewhat recovered recently in the light of their reaction to the out-of-control spending in Washington and the Healthcare Reform Bill which culminated in the peaceful revolution that occurred in Massachusetts. Still, it was… Read More ›
Triple-Taxation in California
California gasoline is comprised of the following taxes… Federal Excise Tax 18¢ State Excise Tax 18.3¢ Underground Gas Tank Tax (Federal) 1¢ Underground Gas Tank Tax (State) 1.4¢ Misc State, County and Local Taxes approximately 26.1¢ Total California Gasoline Tax:… Read More ›
The hot sandwich tax, and is it possible to buy a tax-free coffee?
A recent comment on this post (can be found below) that pointed out an error in one of my calculations as to what was taxable and what was not has led to this new post as their comment was correct…. Read More ›
The Tea Party Movement-What is it?
The Tea Party movement is made of Democrats, Republicans, Libertarians and Independents. There is no central authority or leader, only a loose network of organizations all over the country that agree on a few simple concepts. The Tea Party takes… Read More ›
The Job’s Bill-Government Magic Tricks
I remember learning how magicians use sleight-of-hand to keep the audience focused on one hand, while they use their other hand to perform the trick. This intentional distraction works well in magic and works wonders in politics. The recent Jobs… Read More ›
Cops That Swiss Cheese A Teenager
When the public believes the police acted inappropriately or with too much force, they are told for the investigation to be completed so all the facts are known. Once the investigation is completed, the public is told the report is not available… Read More ›
Budget Cuts Lead To Attempted Rape
The Butterfly Effect is a metaphor that encapsulates the concept of sensitive dependence on initial conditions in chaos theory; namely that small differences in the initial condition of a dynamical system may produce large variations in the long term behavior of the system. ~Wikipedia Also… Read More ›
Tea Party 2010 – April 15 – Washington D.C.
FreedomWorks is hosting a Tea Party on April 15, 2010. Click here for more information. The following pictures are from Tea Parties all over the country in 2009. Click on picture to enlarge.
Female Bartender Attacks A 250 Pound Man
Please view the video and then read the following post. Warning: The video may be uncomfortable for some viewers. To be honest, I don’t know what is more disturbing…the beating, or the other men standing around doing nothing. So you’ve… Read More ›
Government Calligraphers Protected From Recession
Some of the best comedies are based on characters who have become completely detached from reality. The more detached they are, the funnier it is. Farmers that have never been to the city and don’t know how to use a flush toilet, or a city… Read More ›
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