Earlier in the week, I blogged that my sister the missionary would be getting a MacBook. Today, she sent around an e-mail updating about her Guatemalan mission. She mentioned the laptop, which her husband likely will use.
Housing Bubble Myths Pop
For more than a year I’ve warned that the housing market would retreat with wicked vengeance, with reverberations moving through the US economy as it did earlier in other countries. Today’s Fortune story “Getting real about the real estate bubble” rips apart some of the myths sustaining the bubble.
Shawn Tully whacks the hell out of four bubble myths: “As long as job growth is strong, prices can’t go down”; “the builders learned their lesson in the last downturn. They won’t swamp the market with new houses when the market turns”; “low interest rates will keep values rising, or at the very least, put a floor under prices”; “restriction on development in the suburbs ensure low supply, and guarantee rising prices”.
Learn From Thine Enemy
Yesterday’s New York Times story “Relief Agencies Find Hezbollah Hard to Avoid” touches on something I’ve been meaning to blog about for weeks.
One reason for Hezbollah’s success comes from working as a kind of government within the government of Lebanon by providing key social services. I don’t mean to defend Hezbollah insurgents, for my government views them as terrorists, but I also can’t ignore that the organization is doing something right: Serving the people.
The Empty Commandment
Late last summer, a rap rap brought me to the door and face to face with a Sierra Club fundraiser. I’ve done quite a bit of fundraising myself, and I deplore going house to house. People aren’t home or they rudely close the door. Those folks who take the time to talk often aren’t interested in donating, particularly, as in the case of Sierra Club, if some type of commitment is required. I respect the work the Sierra Club does and pitied this road-weary fundraiser, so I made a donation. For my money, I also got a subscription to Sierra magazine.
The September/October magazine arrived today and turned out to be better reading than some of the other issues. Opening Ways and Means column, “The Devil’s in the Retail: A cult of consumerism is sweeping the planet”, really caught my attention. Carl Pope, Sierra Club’s executive editor, starts by discussing a multi-denominational religious service he attended in San Francisco. Leaders of different faiths—Christians Hindus, Jews, and Muslims, among others—gathered in defiance of what they perceived as a common enemy.
MacBook Goes to Guatemala
My sister the missionary—I have two others, but not missionaries—asked my buying advice for a new laptop. In the past, I helped outfit her with a Sony VAIO S Series notebook. This time, after much […]
Guatemala: One Year and Five Weeks
My sister’s sojourn in Central America continues, as she and husband Howie enter their second year as full-time missionaries.
Summer What?
I am among the guilty.
Today’s New York Times story “The Rise of Shrinking-Vacation Syndrome” cites a startling statistic: “40 percent of consumers had no plans to take a vacation over the next six months—the lowest percentage recorded by the [Conference Board] in 28 years”. A May Gallup poll found that 43 percent of Americans planned no summer vacation. I’m among them.
We Should Do Something
Each year, Kensington, Md., holds an annual Labor Day parade. For pictures I took last year, I held back one of the best: A very young girl sitting next to an American flag. Her facial expression and composition evoked the patriotic sentiments of the day. But her tank top had partially fallen down to reveal a nipple. As much as I liked the image, I kept it from my online collection of the day. I know that out there, scouring the Internet, are pedophiles that get off on pictures of kids.
Millions of people use the internet each day to watch adult pornography which is perfectly legal, and because it’s so popular more and more free porn sites are now available ones like hdsexvideo, unfortunately there are those that use the internet for darker purposes and troll through social media sites looking for pictures of kids. You might think that posting a picture of your kid taking a bath on facebook is completely innocent and to you and many others it is, but there are some out there that if they saw that picture would look at it in the same way as a normal adult would look at a picture of a naked woman or man, you don’t want to think that there are people out there looking at a picture of your kid in a sexual way but unfortunately that’s the hard truth these days.
Today’s New York Times story “Using Nearly Nude Pictures, Child Sex Sites Test Laws” takes a stark look at this dark underworld of online predators. But the predators aren’t just pedophiles. The story looks at the lurid world of child modeling, which pictures skirt the definition of child pornography.
More County Fair Adventures
Today, my wife, daughter, her friend, and I drove up to Gaithersburg, Md., for the annual county fair. We had no drama this year—last year I watched an old geezer dose off at the steering wheel (I thought he croaked, but he hadn’t).
This year’s lesson was one of gullibility around costs. For 2005, the county fair admission fee increased quite a bit, to $7 per person. I called my wife, while standing in line with my daughter and two friends, asking if she thought we shouldn’t pay and go home. The fair justified the higher fee because of the new free parking (there was a cost other years). I grudgingly accepted the reason.
An Inconvenient Theory
Earlier today, my daughter and I watched “An Inconvenient Truth” at the AFI Silver Theatre, which likely is the best movie house in the Washington area. A harsh critic of the science behind global warming, I hoped that maybe the film would live up to its hype. No way. For people predisposed to the idea of global warming, the film probably would be moving. The movie did affect my thinking, nevertheless (I’ll explain how in a few paragraphs).
Here’s what I most liked: Former Vice President Al Gore relied more on historical data to make his point than use forward-looking forecasts. Oh, I hate computer modeling for proving climate change. The major reason I’m so critical of global warming theory is bad science. There are too many assumptions and too little reliable data to develop reliable forecast models. In best-case scenario, the computer models are only as good as the data put into them.
I’d Like to Be Wrong About This
I am back on my “collapsing housing market” bandwagon. Today’s New York Times story “Keep Eyes Fixed on Your Variable-Rate Mortgage” tells of the coming doom—people unable to pay for their homes because of risky variable-rate or interest-only loans.
The story, by Damon Darlin, reveals that nationwide, interest-only loans accounted for 26.7 percent of mortgages last year. In Washington: 40 percent!
Only Losers
The events escalating in the Middle East are increasingly troubling, as Israel and Lebanon lob armaments at each other. Does the world really need another war in the Middle East? No. A few years ago […]