Daily Archives: August 19, 2013

Artist Gregory Kloehn turns $1,000 dumpster into tiny home

"There’s nothing trashy about Gregory Kloehn’s Brooklyn pied-a-terre: a live-in dumpster that sleeps two with ease, hosts impromptu barbecue parties and sports its own sundeck. In a nation where the average home is 2,600 square feet (241 square meters), tiny houses are fetching more attention, not least from aging baby boomers looking to downsize in their retirement years. 'There are more builders. There are more people seeking to live in tiny houses,' Mitchell told AFP by telephone. There would be even more tiny homes, he said, if if local zoning regulations and housing codes were not so restrictive." Continue reading →

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The New Deal Origins of Fannie Mae and the Government-Housing Complex

"Fannie Mae is a classic crony capitalist progeny of the New Deal that began life in 1938, quite innocently, as still another ad hoc New Deal program to boost the depression-weakened housing market. It grew into something quite different: a monster that deeply deformed and corrupted the nation’s entire financial system seventy years later. The policy aim of Fannie Mae was 'forcing water to flow uphill' in the residential mortgage market so that low-rate thirty-year home mortgages became available to wage-earning households of modest means. Such mortgages did not then exist for a good reason: they were not economic." Continue reading →

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“Government Laboratory” for “Unlimited Taxpayer Risk” Now Slated for Demolition

"House Financial Services Committee Chairman Jeb Hensarling (R-TX) has described Fannie and Freddie as the product of a ‘government laboratory’ and one that exposes taxpayers to ‘unlimited risk.' Hensarling and others in the House are working on legislation to end the companies for good. Now that the president is on board, with apparent bipartisan support, it seems that reality may not be far off. Investors appear to be speculating on news the feds may actually pay off debt to taxpayers and recapitalize. Since liquidation appears to have broad support in the government, Fannie and Freddie look like stock to steer clear of." Continue reading →

Continue Reading“Government Laboratory” for “Unlimited Taxpayer Risk” Now Slated for Demolition

Watchdog: Fannie, Freddie should be required to recognize bad mortgages ‘immediately’

"Fannie Mae and Freddie Mac are masking billions of dollars losses because of the level of delinquent home loans they carry, a federal watchdog said, and it said the companies should be required immediately to recognize the costs of some bad mortgages. Fannie Mae and Freddie Mac were seized by the U.S. government in September 2008 as rising mortgage losses threatened them with insolvency. The mortgage companies have cost taxpayers almost $188 billion to stay afloat. Fannie and Freddie have reduced their funds reserved to cover potential losses on bad loans due to the strengthening housing sector and higher home prices." Continue reading →

Continue ReadingWatchdog: Fannie, Freddie should be required to recognize bad mortgages ‘immediately’

TV’s Unnatural Monopolies

"The big loser in the battle between Time Warner Cable and CBS is not the cable company, the network or the viewers who lost access to their favorite shows. The big loser is Washington, whose efforts to regulate what used to be called television grow more futile with every new video technology. The absurdity of the current laws is clear: A regulatory system designed to keep local broadcasts available to viewers is causing disputes between cable companies and broadcasters, leading to the very blackouts the regulations were supposed to prevent. It's past time to deregulate video distribution." Continue reading →

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Woman, clinically dead for 42-minutes, brought back to life by Australian doctors

"Mother-of-two Vanessa Tanasio, 41, was rushed to Monash Medical Centre in Melbourne last week after a major heart attack, with one of her main arteries fully blocked. She went into cardiac arrest and was declared clinically dead soon after arrival. Doctors refused to give up and used a compression device called a Lucas 2 — the only one of its kind in Australia — to keep blood flowing to her brain while cardiologist Wally Ahmar opened an artery to unblock it. The Lucas device physically compresses the chest, like during cardiopulmonary resuscitation (CPR), allowing doctors to work non-stop to put a stent into a blocked artery." Continue reading →

Continue ReadingWoman, clinically dead for 42-minutes, brought back to life by Australian doctors

Argentinian vet designs $3 IUD device to boost beef production

"Turin, 47, began experimenting with home-made bovine IUDs 20 years ago. Today he has a small factory built next to his home in Pergamino — 245 kilometers (152 miles) north of Buenos Aires in Argentina’s livestock and agricultural heartland — to produce the $3.00 devices. The cheap and simple items have been a success: some 2.5 million bovine IUDs have been exported to places like Brazil — a world beef-producing giant — and Spain. Spanish officials have even approved one of Turin’s models for use in sows, especially since the castration of boars was recently banned due to animal welfare concerns." Continue reading →

Continue ReadingArgentinian vet designs $3 IUD device to boost beef production

FDA launches inquiry about Merck drug Zilmax in cattle feed

"The USDA had no comment and referred questions to the FDA, which does not typically reveal its investigations. Merck said on Friday it was temporarily suspending sales of Zilmax in the United States and Canada, following concerns about the drug, which is given to cattle to increase their weight before slaughter. Last week, Tyson Foods Inc said it would stop accepting beef from Zilmax-fed cattle after it observed animals arriving at its slaughter facilities with signs that they had difficulty walking or moving. Merck on Tuesday revealed a new program to retrain and certify beef producers in administering Zilmax, which had sales of $159 million last year." Continue reading →

Continue ReadingFDA launches inquiry about Merck drug Zilmax in cattle feed

The Phony Trade-off Between Privacy and Security

"What Barack Obama, Mike Rogers, Peter King, and their ilk mean when they tell us that 'we' need to find the right balance between security and privacy is that they will dictate to us what the alleged balance will be. We will have no real say in the matter, and they can be counted on to find the balance on the 'security' side of the spectrum as suits their interests. Of course, our rulers can’t really set things to the security side of the spectrum because the game is rigged. When we give up privacy — or, rather, when our rulers take it — we don’t get security in return; we get a more intrusive state, which means we get more insecurity." Continue reading →

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Vote Harder: The Barack Obama Story

"He opposed the Iraq war, promised to shut down Gitmo and denounced warrantless domestic wiretapping by the NSA. But we see this 'progressive' superstar, who all but promised to usher in a 21st century Church Committee, presiding over the massive expansion of illegal drone warfare around the world and the largest expansion of the surveillance state in history. We see this man, who promised the 'most transparent administration in history,' pursuing vindictive reprisals — on a scale rivaling Woodrow Wilson or Richard Nixon — against whistleblowers who expose the surveillance state’s terrifying scope." Continue reading →

Continue ReadingVote Harder: The Barack Obama Story