tahoe1780's Comments

A Nation of Mortgage Slaves

Wed, 04 Feb 2009 12:14:05 -0500

Right on! The root of the "housing crisis" is the inability to pay. Higher energy costs, outsourcing of middleclass jobs, stagnant wage increases.

On Feb 04 08:10 AM John Preston wrote:

> First of all......income in households in default will be shown....in
> some future academic study, by some lame, but famous economist, to
> have eroded substantially or, been wiped out....
>
> 100% of the homeowners I counsel currently have experienced this....
>
>
> As jobs get worse, incomes will decline further...and our "housing
> correction"....which this never was....will get worse...
>
> this was an income/jobs correction...the problem never was the house...

Manhattan Mansions Fall from the Sky - Barron's

Sun, 23 Nov 2008 12:10:58 -0500

For another perspective read The Divine right of Capital by Marjorie Kelly.

On Nov 23 11:06 AM nukldrager wrote:

> vbierschwale; while I agree with your point, the question that nags
> me is how to have capitalism, which is fundamentally buy low, sell
> high in every aspect from labor to investment, and allow existing,
> established communities to continue and prosper. Might be impossible.
>
> Cheap labor is a natural desire for any capitalist. When labor costs
> negatively impact roi, machines and resources are moved to areas
> where cheap labor can be found. Management clearly holds all the
> cards, and has always been willing to sacrifice communities that
> once provided the labor or outlets for it's profits.
> But it's still a bit of a stretch to say that outsourcing alone is
> the cause of the current global financial crisis don't you think?
> What about greed, corruption, and fraudulent pilfering of the public
> purse at the highest levels of financial and governmental responsibility?
>
> The Queen of Hearts when she was told she had used an oxymoron,
sa...
> "What? Go away! Don't bother me with that. We already have enough
> dumb animals running around the palace"
>
>
>

IBM To Research Smart Grid Tech

Sat, 22 Nov 2008 11:50:18 -0500

Geothermal fits the bill; renewable, non-polluting, 24/7. i.e. www.rasertech.com/geot...

On Nov 22 10:42 AM Gene Herring/gTM wrote:

> Replacing coal-fired power plants with cleaner energy sources, mostly
> renewables, simply willl not work even with a super smart grid. Renewable
> sources such as wind and solar are not base load sources for power.
> We are forced to rely on coal, gas and nuclear power for a large
> share of the base load until we can discover another power generation
> source that is available online 24/7. We should not diminish our
> present power sources without pursuing research for clean coal and
> modernized nuclear generatinig plants. In addition to a smart grid
> approach there must a serious upgrade of the entire transmission
> grid to mesh with new sources coming online in the future.