Tuesday, June 24, 2008

Two weeks off

Shady's back.

Went to France. Went to Nantucket. Uh, huh.

So, there is much that is going on that is blog-worthy, but little of it really matters --as the English would say -- "a toss."

A ferry capsized in the Philippines. Lots of people died. A tragedy. What was a ferry doing setting sail into the teeth of a cyclone (hurricane below the equator)? This ferry was some 23,000 tons, hardly a puny vessel and still it managed to lose power and ... voila ... turn turtle on a sandbank or reef. Talk about Poseidon adventure, this was the real gig.

Iran has declared that nothing the UN will do in terms of sanctions will deter it from pursuing its nuclear ambitions. Sphincters. So Israel has been practicing long distance assaults over the Med with a view to attacking Iran: why not? If nobody will do anything, why wait for Iran to visit death on them at Iran's time of choice? Sure Iran has threatened immediate grave consequences for any attack by Israel on it, but at the same time has promised to remove Israel from the face of the Earth. From Israel's point of view, why wait?

If I were Israeli, I'd "get it on", too. In fact I'd make damn sure that my attack leaves the messiest radioactive debris that I possibly could, "to encourage the others." Let Iranian citizens know why they are playing with Armageddon -- and it is of their making. I read that John Bolton predicts that Israel will wait until after the US election to make the strike, for fear of affecting the outcome: huh? Obama has been ludicrously pro-Israel in his last dozen outings, and McCain has always been staunchly pro-Israeli. Either way, they win and the Palestinians lose. No, it has to be before, and sooner rather than later ... why let Iran prepare for a predicted attack? And when has Israel ever let anyone prepare or come at the appointed hour? Meanwhile, Iran is buying the newest and latest Russian point defense systems ... typical that those creeps would aid and abet the most repressive regime outside of Myanmar, and the Taliban.

I am interested as to what sort of devices the Israelis might use ... would they go nuke to get the nukes? Do they have something new up their sleeves?

Moving on to the 300 billion mortgage rescue bill being kicked around by Congress ... the Black Caucus claims that it won't do enough for African-Americans. Come on. This bill is designed to give support against foreclosure to people that cannot meet even the loosest requirements of Federal programs for a fixed rate mortgage. We are talking about giving money to those who cannot possibly afford their mortgage as it is.

Let's get this straight: home ownership is not a right. It is a privilege afforded to those that are responsible enough to save and make enough money to buy and keep a house. Home ownership is not lotto for those who want to flip a house and get rich quickly. It is not an entitlement program for the needy. And if you cannot meet the criteria to get a mortgage under normal rules, what on Earth gives anyone the idea that you deserve public (taxpayer money) to have another shot at it? Talk about a $300 billion give-away. Might as well as invade another country. Lets spend the $300 billion on programs for educating our youth, giving them backgrounds in engineering, medicine, chemical sciences ... things that might make our country self-sufficient again?

Nantucket. Too many billionaires -- and those who unfathomably want to rub shoulders with them. A micro-economy where a sandwich costs $15. 3Br, 1.5 bath for $2.5 million. Add another $1 million if there is a view. Watching the ferry unload, I saw a stream of large SUVs, roof boxes, bikes strapped to the tailrack, and Mommy (bottle blonde) driving. Friends greeting the ferry and dressed in the best Lilly Pulitzer has to offer were jumping down and waving as the steady stream of gas-guzzlers poured out off the belly of the ship. License plates from New York, New Jersey, window stickers of prestigious prep school plastered across the tailgate. According to locals it was not even close to "busy" yet ... even then I felt that there were too many people frantically trying to "live the life" as it was. I rode my bike over to the airport ... just to see. And I saw a steady stream of private jets roaring in for a landing, only to taxi to the far end of the row of Citations, Lears and other status symbols. If ever there was an island with a carbon footprint too large for its size or year-round population, this was it. Ignore the use of bikes in town: if you flew in on your private jet, you had your caretaker meet you at the airport in your Range Rover ready to whisk you away to your 10,000sq ft. + "rustic" cottage you had built a few years ago when they upgraded to all-weather capability at the airport. Keep it heated in Winter and airconditioned in Summer, pool at 85 degrees (who wants sand in their swimsuit?). Play golf at the club, take a cruise in the Hinckley picnic boat, fly to New York to see the hair dresser to retouch those "sun-streaked" highlights, maybe have nanny come back on the jet with the kids.... Nantucket.

I imagine that it might be a nice place in September or October.

Tiger won the US Open. With a busted knee and fractures on the tibia. If healthy and fit, the rest just don't stand a snowball's.

Imus is in another rat-ball with black activists. Only this time, Imus is clearly defended by his black crew on his show, and the weenies are taking his comments out of context: they were waiting and listening for a chance to do so. Don't these liberal loonies have something better to do witht their lives?

Oh yes, the UK credit market is taking a bath ... well more like those trying to take out mortgages. There was a 20% drop in mortgage approvals (that is to say, of those actually trying to take one out) in one month in Britain. That is huge. It is saying: "we don't trust you" to the British public. So now Gordon Brown and his henchmen are eyeing the banks, building societies and others for making things too difficult and pushing rates up to fast and too high. Effectively, trying to prevent themselves from going bankrupt ... and they should be punshed for this? Have we gone mental?

Ladies and germs ... the property market is headed south. Still. You know it is bad when building suppliers associations take radio adds to ask for support for from people for a recovery bill to try and jump start house building. The claim was that housing supports the economy better than anything else, and we need to get back to building houses.... Right. And who the hell is going to buy them? This bubble since 2003 has been "building" precisely because the economy has been supported by unsustainable housing development.

Weird.

And weirdest, the 2012 mania is starting to catch on: survivalists are buying out stocks waiting for the end of the worlds as predcited by the Mayan calendar. Hey ... I got news for these people: where are the Mayans now? If they could predict this sort of problem, why did they not predict their own demise? Didn't sacrifice enough virgins to the sun-god? Weird.

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