Alternative News

Justin Bieber: Sen. Klobuchar ‘Should Be Locked Up’ For Felony Streaming Bill [2011]

"During a radio interview, the host asked Bieber about the law, explaining how it would make streaming a felony, and his response was that Klobuchar 'should be locked up,' a point he reiterated a few times. They then go on to discuss it a bit, and Bieber talks about the importance of being able to upload and stream videos and to perform other people's songs. He talks about how people 'need the freedom' to perform songs. He also notes that it's 'awesome' when others perform his works." Continue reading →

Continue ReadingJustin Bieber: Sen. Klobuchar ‘Should Be Locked Up’ For Felony Streaming Bill [2011]

Welcome To Coincanna

"With crypto currency like Bitcoin & Litecoin, a grower can sell his or her strains and concentrates to a dispensary using Bitcoin or Litecoin, removing the large amounts of cash on site at the dispensary as well as the growers money is now safe on the blockchain, before they even leave the site of the trade. So this way no law enforcement encounter nor thief can take away the money involved with the grower or dispensaries trades. In the same way the dispensary can now accept Bitcoin & Litecoin from their patients for their medicine, removing the large amounts of cash from the site of the dispensary." Continue reading →

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Feds seized $2.9M in Bitcoin funds from Mt. Gox, court docs show

"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated. But a new filing in Baltimore federal court shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox. It’s unclear what will become of the funds." Continue reading →

Continue ReadingFeds seized $2.9M in Bitcoin funds from Mt. Gox, court docs show

What The 25% Collapse In Homebuilder Stock Prices Tells Us

"The most important factor that sets the fate of the homebuilder stocks is the housing market. If the housing market has growth potential ahead, then you can bet on homebuilder stocks to provide a stunning performance to the upside. If it’s the opposite scenario, with the housing market looking shaky, then homebuilder stocks usually tank. In other words, homebuilder stocks are very fickle, but they are also a great indicator of future activity in the housing market. Since mid-May, the Dow Jones Home Construction Index has plummeted roughly 25%, and it’s in negative territory year-to-date." Continue reading →

Continue ReadingWhat The 25% Collapse In Homebuilder Stock Prices Tells Us

California adds 500,000 renters while homeownership declines amidst a boom

"The California housing market is providing us with two different pictures. First, home prices have surged and inventory is still very low. However, the homeownership rate continues to decline from the peak reached in 2006 of 60.2 percent. Since 2007 California has added a net of 500,000 renter households while losing a net of 233,000 homeowners. Yet the market continues to boom in the face of a declining homeownership rate. As we look at the market today we start seeing a slowdown in the speed in which flips are being accepted and inventory is rising. With higher interest rates and the fall season just before us, will the market thaw or continue to accelerate?" Continue reading →

Continue ReadingCalifornia adds 500,000 renters while homeownership declines amidst a boom

Monthly Home Payment Soars 40% To 2008 Levels

"The following chart from Credit Suisse fully explains why the US housing 'recovery' has just ground to a halt: in a few short weeks, US housing affordability (a topic we first covered a month ago) has collapsed as a result of the monthly payment on the median home sold soaring by nearly 40% from under $800 to just shy of $1100, a level not seen since 2008. Now if only US personal incomes would keep pace, instead of doing this." Continue reading →

Continue ReadingMonthly Home Payment Soars 40% To 2008 Levels

In homebuying, cash is king again

"If you’re looking to buy a home right now, you'd better find some cash and you'd better find it fast. Right now homebuyers across the country, already in frenzied bidding wars for homes, are increasingly losing out to the almighty all-cash buyer. These folks are mostly investors -- but not just the monolithic, institutional investment investors that have been snapping up distressed properties and foreclosures over the past few years. There are also a slew of well-heeled individuals with extra cash to invest, and they believe the real estate market is the place to put it. In fact, many of the buyers paying cash don’t plan to actually keep all that cash in the house." Continue reading →

Continue ReadingIn homebuying, cash is king again

NYC goes Tokyo: Micro apartments proposed as solution to overcrowding

"Tiny — and affordable — modular living spaces could soon become the latest real estate craze in the highly crowded city of New York. Fifty-five micro apartments are being constructed in Manhattan to test whether New Yorkers are willing to follow the example of Tokyo and Mumbai. According to Bloomberg News, micro apartments at the new 'My Micro NY' building will be only 250 to 370 square feet. Rents will range from $939 to $1,873. Currently, the average monthly rent for a studio is more than $2,000." 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

Human Intelligence is Slowly Declining: Genetics Or Food?

"Researchers from Harvard have found that a substance rampant in the nation’s water supply, fluoride, is lowering IQ and dumbing down the population. One study published in the Proceedings of the National Academy of Sciences found that pesticides, which are rampant among the food supply, are creating lasting changes in overall brain structure — changes that have been linked to lower intelligence levels and decreased cognitive function. UCLA researchers found that HFCS may be damaging the brain functions of consumers worldwide, sabotaging learning and memory. In fact, the official release goes as far to say that high-fructose corn syrup can make you ‘stupid’." Continue reading →

Continue ReadingHuman Intelligence is Slowly Declining: Genetics Or Food?