(WolfStreet) - Home flippers are hardy folks who dive head-first into housing markets to buy homes at a discount from estimated market value, rehab them if they have to, trim the trees and cut the weeds out front, and flip the unit in less than a year, hopefully at a premium over estimated market value. If all works out, they’re rewarded with fat returns on investment.
It involves leverage, so some of the risks get shuffled off to the lender. It involves skills, connections, knowledge, and a good dose of luck. Above all, it requires the ability to buy low and sell high. To take home some serious dough, flippers need to purchase at double-digit discounts below “estimated market value” (based on AVM) and add enough value to sell at a premium over estimated market value. In the intervening months, home prices must also jump. So double-digit home price increases over the last two years have made flipping a lot more profitable. And easier.
This is the magic mix. If the conditions are met, the equation works out. It not, it’s a leveraged bet that can go to heck in a hand basket. Read the rest of this entry »
(Youtube) – Actress Sandra Oh reads the speech given by Anarchist Emma Goldman in San Francisco before the United States entered WWI. Part of a reading from Voices of a People’s History of the United States given October 5, 2005 in Los Angeles California (Howard Zinn and Anthony Arnove.)
Song: Running Up That Hill. (Instrumental)
(AJC) – Infowars Reporters returned to Golden Gate Park to warn local residents about the high radiation levels found just minutes south at Surfers Beach in Half Moon Bay. Some residents and are concerned most are not and and none are aware of the high radiation levels that are just south of their location. Read the rest of this entry »
(Infowars) - David Knight is joined in studio by Story Leak’s Anthony Gucciardi to discuss updates regarding hot particles, the massive wave of high background radiation across the American West Coast, as well as fielding calls from listeners on the topic. Read the rest of this entry »
As radiation levels spike and mutated wildlife washes ashore, government and media promote delusion.
(AnthonyGucciardi) - Radiation hot spots are popping up around the United States thousands of percentages higher than ‘background radiation’, mutated wildlife is being found dead on the same West Coast beaches where increased radiation levels have been documented by independent researchers and the Fukushima TEPCO plant workers have been caught using duct tape to fix their nuclear equipment. But according to both the Japanese and United States governments, these events mean absolutely nothing. Read the rest of this entry »
(PaulWatson) - A Berkeley nuclear engineering professor has dismissed a viral video which appears to show unusually high radiation readings on a beach in San Francisco, asserting it has no link to the ongoing Fukushima crisis in Japan. Read the rest of this entry »
Health officials confirm spike in radiation on San Francisco beach but have no answers
(PaulWatsonAlexJones) - Predictions that Fukushima’s radioactive ocean plume would hit the west coast of the U.S. sometime in 2014 may have already come to pass, with a new video showing Geiger counter readings of background radiation at a beach in San Francisco over five times the safe level. Read the rest of this entry »
(KurtNimmo) - Monday was the one hundred year anniversary of the Federal Reserve.
In commemoration of two engineered economic depressions, numerous recessions, and a radically devalued dollar, a group of activists gathered outside of the Federal Reserve building in San Francisco on Monday. Read the rest of this entry »
(FukushimaResponse) – In an event mirrored in other places around the world, 500 people gathered Saturday, October 19, 2013 on San Francisco’s Ocean Beach in an event organized by Jina Brooks, Brad Newsham, John Bertucci and other members of FukushimaResponse.org.
Laying their bodies on the lines staked out by the organizers, participants spelled out the words ‘Fukushima Is Here’ for the purpose of helping to widen global public awareness about the on-going radioactive contamination of the planet emanating from the still out-of-control nuclear disaster in Japan.
The event was intended to counter the cover-up of this permanent planetary catastrophe being attempted by the plant’s operator Tokyo Electric Power Company (TEPCO), the Japanese and U.S. governments, the global nuclear industry and a collusive international ‘mainstream’ media.
For more information: facebook.com/FukushimaResponseCampaign
See Also: (JapanTimes) – Big typhoons may collide off Honshu
Less than a week after being hit by the largest typhoon in a decade, Tokyo is bracing for another strong storm that will likely reach the area Saturday, and it may get merged with an even stronger approaching tempest. Read the rest of this entry »
(ZeroHedge) – For decades the US Government has buried its nuclear sins on Treasure Island under layers of institutional ignorance and now the lies are finally being uncovered. Read the rest of this entry »
System alerts authorities to “suspicious behavior” before crime is committed
(PaulWatson) – Hundreds of pre-crime surveillance cameras are to be installed in San Francisco’s subway system that will analyze “suspicious behavior” and alert guards to potential criminal or terrorist activity – before any crime has been committed. Read the rest of this entry »
See Also: (BusinessInsider) – The Army Is Stocking Up On A Ton Of Anti-Radiation Pills To Protect Troops – Read More Here
(HigginsBlog) – The latest radiation tests of San Francisco Bay Area milk sample reveal Cesium is at almost double EPA limit and Cesium-137 is at the highest level since last June. Read the rest of this entry »
Report found 84 pct of San Francisco disclosures illegal
(Reuters) – A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.
The audit of almost 400 foreclosures in San Francisco found that 84 percent of them appeared to be illegal, according to the study released by the California city on Wednesday. Read the rest of this entry »
2/6/2012 (2:31pm): A new milk sample has been measured, this one with a best-by date of 2/16/2012. The results are posted to the milk sample page. Low levels of both Cs-134 and Cs-137 were still detected in the sample.
(Metro.us) – Ben & Jerry’s backs the “Occupy” movement
It seems like the whole world is watching and reacting to what the “Occupy” people have to say.
Even the well-known black and white cows that plaster the sides of Ben & Jerry’s ice cream products are holding “Occupy” signs. Read More Here
(TruthDig) – There’s a New Newspaper on Wall Street
Some say the media has done a less-than-stellar job of reporting on the Occupy Wall Street protests these last few weeks, but the 99 percent found a way to circumvent that: They published and distributed their own newspaper Saturday, aptly named The Occupied Wall Street Journal. Read More Here
(WashingtonsBlog) – Conservatives Support Protests, Michael Moore Does Not Represent OWS – Read More Here
(MoralLowGrounds) – U.S. Federal Reserve Secretly Loaned $1,200,000,000,000 in Public Money to Wall Street Firms – Read More Here
(NationalPost) – Occupy Wall Street finds sympathy in the Fed
Dallas Federal Reserve President Richard Fisher surprised a business group in Fort Worth, Texas, on Thursday when he said, “I am somewhat sympathetic — that will shock you.” Read More Here
(HuffPost) – Allen West And Steve King To Occupy Wall Street Protesters: Clean Up, Find A Message – Read More Here
(AJC) – Video: Occupy The Fed Hits Austin: Nightly News on The Street Report – Video Link Here
Occupy San Francisco Oct 7th, 2011 – ^
(DallasObserver) – Dallas Observer Reports On Occupy the Fed Rally – Read More Here
(AsianCorrespondent) – Chinese pensioners join Occupy Wall Street protests – Read More Here
(Examiner) – Why Keith Olbermann read Occupy Wall Street General Assembly Declaration (video) – Read More Here
(ABCNews) – Herman Cain Tells Occupy Wall Street Protesters to ‘Blame Yourself’ – Read More Here
See Also: (WSJ) – Video: Herman Cain on Occupy Wall Street – Extended – Video Link Here
(FinancialTimes) – White House feeds off protest anger
Weeks after taking to the streets in Manhattan, Occupy Wall St demonstrators are camped a block from the White House. Many of them are wondering: do they have a friend inside? Read More Here
As David Gordon supporter Julie Borowski says [in video below], if they really want to fight the cause of our economic problems, they should be fighting the “Federal” Reserve. But they are too economically-ignorant to ever realize that. – Source: LRCBlog
(ReaderSupportedNews) – 11 Facts About Biggest Banks
The Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the country. The choice of Wall Street as the focal point for the protests – as even Federal Reserve Chairman Ben Bernanke said- makes sense due to the big bank malfeasance that led to the Great Recession.
While the Dodd-Frank financial reform law did a lot to ensure that a repeat of the 2008 financial crisis won’t occur – through regulation of derivatives, a new consumer protection agency, and new powers for the government to dismantle failing banks – the biggest banks still have a firm grip on the financial system, even more so than before the 2008 financial crisis. Here are eleven facts that you need to know about the nation’s biggest banks:
Bank profits are highest since before the recession …: According to the Federal Deposit Insurance Corp., bank profits in the first quarter of this year were “the best for the industry since the $36.8 billion earned in the second quarter of 2007.” JP Morgan Chase is currently pulling in record profits.
Banks make nearly one-third of total corporate profits: The financial sector accounts for about 30 percent of total corporate profits, which is actually down from before the financial crisis, when they made closer to 40 percent.
Since 2008, the biggest banks have gotten bigger: Due to the failure of small competitors and mergers facilitated during the 2008 crisis, the nation’s biggest banks – including Bank of America, JP Morgan Chase, and Wells Fargo – are now biggerthan they were pre-recession. Pre-crisis, the four biggest banks held 32 percent of total deposits; now they hold nearly 40 percent.
The four biggest banks issue 50 percent of mortgages and 66 percent of credit cards: Bank of America, JP Morgan Chase, Wells Fargo and Citigroup issue one out of every two mortgages and nearly two out of every three credit cards in America.
The 10 biggest banks hold 60 percent of bank assets: In the 1980s, the 10 biggest banks controlled 22 percent of total bank assets. Today, they control 60 percent.
The six biggest banks hold assets equal to 63 percent of the country’s GDP: In 1995, the six biggest banks in the country held assets equal to about 17 percent of the country’s Gross Domestic Product. Now their assets equal 63 percent of GDP.
The five biggest banks hold 95 percent of derivatives: Nearly the entire market in derivatives – the credit instruments that helped blow up some of the nation’s biggest banks as well as mega-insurer AIG – is dominated by just five firms: JP Morgan Chase, Goldman Sachs, Bank of America, Citibank, and Wells Fargo.
Banks cost households nearly $20 trillion in wealth: Almost $20 trillion in wealth was destroyed by the Great Recession, and total family wealth is still down “$12.8 trillion (in 2011 dollars) from June 2007 – its last peak.”
Big banks don’t lend to small businesses: The New Rules Project notes that the country’s 20 biggest banks “devote only 18 percent of their commercial loan portfolios to small business.”
Big banks paid 5,000 bonuses of at least $1 million in 2008: According to the New York Attorney General’s office, “nine of the financial firms that were among the largest recipients of federal bailout money paid about 5,000 of their traders and bankers bonuses of more than $1 million apiece for 2008.”
In the last few decades, regulations on the biggest banks have been systematically eliminated, while those banks engineered more and more ways to both rip off customers and turn ever-more complex trading instruments into ever-higher profits. It makes perfect sense, then, that a movement calling for an economy that works for everyone would center its efforts on an industry that exemplifies the opposite. – Source: Reader Supported News
San Francisco, the City of Love, nine years after the attacks that dramatically changed the world, activists gathered at the Panhandle for the 9th Annual 9/11 Truth Rally/March. They acted in solidarity with the social movements born to resist tyranny, empire, racism, injustice, militarism that have evolved and continue to struggle today in a world, described by Orwell, of “Universal Deceit.” Read the rest of this entry »
9/11 Truth activists came out in force today to welcome of Obama to San Francisco and to demand that he look into the most important issue of the century — 9/11, the false flag event that has promised Americans and the world never ending war and curtailment of our civil rights. Read the rest of this entry »
A medical marijuana dispensary in San Francisco that gave out free marijuana to poor people is mostly empty after a raid by federal agents.U.S Drug Enforcement Administration agents descended on Emmalyn’s California Cannabis Clinic Wednesday afternoon. Read the rest of this entry »
“The power of the Executive to cast a man into prison without formulating any charge known to the law, and particularly to deny him the judgment of his peers, is in the highest degree odious and is the foundation of all totalitarian government whether Nazi or Communist.”
The following talk was given on February 13, 2009, at Cowell Theatre in Fort Mason Center, San Francisco, to an audience of 550 people. Audio and video of the talk will be available on Long Now Foundation web site. Read the rest of this entry »