Tag Archives: times

Stephen Colbert Gets Back in Character to Say Farewell to Bill O’Reilly

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Stephen Colbert revived his conservative pundit persona on Wednesday to bid a proper farewell to Bill O’Reilly, just hours after Fox News announced it was severing ties with its top-rated host. The firing followed weeks of controversy after the New York Times revealed O’Reilly and Fox News had paid nearly $13 million to settle sexual harassment allegations with multiple women during his tenure at Fox.

“You didn’t deserve this great man,” Colbert, in character, said. “All he ever did was have your back. And if you were a woman, you know, have a go at the front too.”

As the segment closed, the Late Show host offered some comfort to O’Reilly viewers, reminding them that in the case they’ll miss watching “sexual harassers who are on TV all the time, we still have Donald Trump.”

Source:

Stephen Colbert Gets Back in Character to Say Farewell to Bill O’Reilly

Posted in FF, GE, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , , | Leave a comment

We’re Now In the Second Biggest Housing Boom of All Time

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Over on the Twitter box, a reader asks if I can update a New York Times chart that I posted seven years ago. It shows average housing prices through 2006, and he’d like to see them through 2017. Well, so would I, and luckily for both of us, Robert Shiller keeps a spreadsheet of this stuff that he updates monthly. So here it is for the entire period since World War II:

The most remarkable feature of this chart is that between 1953 and 1997, average housing prices increased by zero percent. Zero. This is very much not what people expect to see. Conventional wisdom says that homes are always and forever good investments, but for nearly half a century that just wasn’t true. Adjusted for inflation, home prices were flat.

The second most remarkable feature of this chart is, of course, the insane Bush-era boom. Here in California we considered the 80s boom to be a very, very big deal. But it was a mere blip. The Bush boom was without precedent.

Finally, we get to the third most remarkable feature of this chart: the Obama-Trump era boom that’s happening right now. Compared to the previous boom it might not seem like much, but it’s already far larger than any other previous housing boom. And we have no idea how much further it has to go.

So what happens next? Are things really different this time, and home prices will stay permanently high? Or are we due for another housing bust? Beats me. Nor do I know what will happen if housing prices do collapse. It will be bad, of course, but how bad depends a lot on what kind of mortgage loans people are taking out; how much equity they have in their homes; and what kind of crap Wall Street is packaging all this stuff into. So far, things look OK on that front, so a housing collapse would mainly have an effect via the wealth effect, which would slash consumption. That would be bad, but only half as bad as the previous bubble, and there would be no financial crisis tailwind to make it even worse.

I don’t quite see how home prices can stay at their current level, which is historically very high, but I guess you never know.

Jump to original:

We’re Now In the Second Biggest Housing Boom of All Time

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , | Leave a comment

Good news about CO2: Emissions from the energy sector stayed flat for the third year in a row.

According to the cover article in today’s issue of the journal Nature, the iconic reef off the coast of Australia suffered unprecedented coral die-off after last year’s record-breaking bleaching event. Now, as the Southern Hemisphere hits late summer temperatures, central and southern sections of the reef — areas which avoided the worst of last year’s bleaching — are in trouble.

“We didn’t expect to see this level of destruction to the Great Barrier Reef for another 30 years,” coral researcher Terry Hughes told the New York Times. Hughes led the team that conducted aerial surveys to document the bleaching last year, as well as subsequent surveys to assess just how much of that bleaching turned into dying.

Bleached corals don’t always turn into dead corals — some are able to recover when temperatures drop. Er, if temperatures drop. If water temperatures stay high and corals stay bleached, they will eventually starve to death. Without coral building reefs, whole ecosystems may disappear, along with the food, tourism, and jobs they support.

Hughes and his coauthors found that even corals in pristine, protected water were likely to be suffering from heat stress, meaning the only thing left to do to protect corals is, you know, address climate change.

View post: 

Good news about CO2: Emissions from the energy sector stayed flat for the third year in a row.

Posted in alo, Anchor, FF, G & F, GE, LAI, ONA, Ringer, Uncategorized | Tagged , , , , , , , , , | Comments Off on Good news about CO2: Emissions from the energy sector stayed flat for the third year in a row.

The President Is Determined to Be Presidential

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

The New York Times tells us about President Trump’s TV strategy:

One West Wing official, who requested anonymity to speak candidly about strategy, said the administration craved the split-screen television images of Mr. Trump at round-table discussions with business executives every few days on one side, and the vehement protesters of his administration on the other.

This sounds right. Trump seems to believe that sitting around a table with powerful business executives is “presidential.” It’s basically a child’s idea of what a president looks like. So that’s what he does. I don’t think it’s even cynical image manipulation on his part. He really does think this is what makes a president presidential.

Meanwhile, back in the real world, we have this:

A day before delivering a high-stakes address on Tuesday to a joint session of Congress, Mr. Trump will demand a budget with tens of billions of dollars in reductions to the Environmental Protection Agency and State Department, according to four senior administration officials with direct knowledge of the plan. Social safety net programs, aside from the big entitlement programs for retirees, would also be hit hard.

This is obviously the work of Mike Pence and OMB Director Mick Mulvaney more than it is of Trump himself, but Trump will nonetheless be the master showman selling this plan. It’s also more symbolic than anything else, but it’s symbolism that matters since it means Trump is signaling that he’s willing to go along with Paul Ryan’s feverish devotion to cutting spending on the poor. We already know that Trump is also eager to cut taxes on the rich, so it appears he and Ryan are entirely on the same page. The next few months promise to be bloody.

Continued:  

The President Is Determined to Be Presidential

Posted in alo, FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on The President Is Determined to Be Presidential

White House Offers Excuse For Improper Behavior: The FBI Started It

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

The White House has an official excuse for asking the FBI to debunk a New York Times story about Trump campaign aides having frequent contacts with Russian intelligence officials. Here it is: They started it. That is, the FBI approached them, not the other way around.

I guess that’s appropriate for the Trump administration, which is best thought of as an overgrown kindergartner. However, First Read isn’t sure this defense does them any favors:

This White House explanation raises the question: So what’s worse — the White House asking the FBI to publicly knock down a story, or the FBI pulling aside a top White House official to comment on the big story of the day? Just ask yourself: If you substituted Clinton’s and Lynch’s names for Priebus’ and McCabe’s, would the congressional hearings already be scheduled?

Yep. And if an FBI official really did pull aside Reince Priebus to whisper in his ear that the Times story was wrong, that still suggests an improper relationship between the FBI and the White House. In any case, First Read goes on to suggest that the Times wasn’t all that wrong anyway. Here is Ken Dilanian:

“NBC News was told by law enforcement and intelligence sources that the NYT story WAS wrong — in its use of the term ‘Russian intelligence officials.’ Our sources say there were contacts with Russians, but that the US hasn’t confirmed they work for spy agencies. We were also told CNN’s description of Trump aides being in ‘constant touch’ with Russians was overstated. However, our sources did tell us that intelligence intercepts picked up contacts among Trump aides and Russians during the campaign.

Of course, the Times may have different sources telling them different things. One way or another, it appears that Trump aides were in periodic contact with Russian officials during the campaign, and the only questions are: (a) were they intelligence officials? and (b) how often did they talk? Considering Trump’s bizarre fixation on Vladimir Putin and his administration’s obvious panic over this story, a good guess is that there really is something there they want to keep under wraps.

And just for a final comical effect, after asking the FBI to leak information to the press, Trump himself then took to Twitter to complain about the FBI being unable to stop leaks:

Do you laugh or cry? We’re going to be asking ourselves that a lot, I think. Only 204 weeks to go.

Link – 

White House Offers Excuse For Improper Behavior: The FBI Started It

Posted in FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on White House Offers Excuse For Improper Behavior: The FBI Started It