Category Archives: The Great Unraveling

Strong Arm Tactics at Eric Cantor Event – highlights obesity in America, among other issues…

Tomorrow is election day. Remember to vote. When you’re making up your mind about what party to vote for, perhaps this video will help. Eric Cantor is a Republican from Virginia who ought to lose, following these shameful strong-arm tactics at one of his rallies.

This video reminded me of a number of things: civil rights disobedience, Nazis, Vietnam war protests, police brutality, excessive force, things getting out of hand, and so quickly…
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Three large cops (and one very, very large cop!) required to take down a seemingly cooperative man with gray hair. Probably a Democrat, probably protesting Cantor’s conservative positions on things.

There’s more of this to come, I’m sure. I’m sure Eric Cantor will win his seat back tomorrow. We still have time to make sure to vote for the version of America we believe in – one that, I hope, doesn’t include 400 lb. cops from tackling you and smearing your face into the concrete.

Palm Springs: Mortgage crisis may delay local recovery until 2015

Link to Desert Sun article: Mortgage crisis may delay local recovery until 2015 | mydesert.com | The Desert Sun.

pool at Ramona Villas in Palm Springs

This was a fine kettle of fish to wake up to today, front page story in our local paper about the economy not recovering for four to five more years. So “the mortgage crisis may delay local recovery until 2015.”

I had a conversation with a friend last night about crashed real estate prices. Truly, if your home is only worth half of what you paid for it, what sense does it make to keep paying the mortgage on that original, fairy tale amount?
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We talked about the possibility of valuations rising again. But it was a bubble. They won’t rise to that prior level for years and years, if ever. For the amount of a mortgage payment on a 300K condo loan out here in Palm Springs, which would be roughly $1700 or so, not counting your HOA fees and such, you can easily rent a 3 or 4 bedroom single family home in a great area, with a pool!

It’s disheartening, frustrating, maddening and a looming national disaster – as so many people are in this situation. I wonder what will happen when they all realize prices are just not ever going to go up again, to any where near those record levels? What happens when everyone walks away? Continue reading →

BBC – Newsnight: Paul Mason: Gary, Indiana: Unbroken spirit amid the ruins of the 20th Century

Link to BBC – Newsnight: Paul Mason: Gary, Indiana: Unbroken spirit amid the ruins of the 20th Century.

Derelict Theater in Gary, Indiana

If you have the time, read the story and watch the BBC video on Gary, Indiana. It’s interesting to see how this piece differs because it comes from the British media, not our own. An outside perspective on decay – surprisingly, not totally gloom and doom, there is some hope here – the high school of the arts, for example, and the idealistic teenagers who are pretty much like teens everywhere.
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Of other interest are the economic arguments on “what must be done” – government stimulus, tea party tax cuts to allow private enterprise to “create jobs” – I put that in quotes ’cause we that don’t work – but I’m also unsure of any kind of long-term benefit from government stimulus that’s not followed up by something sustaining.

You do wonder about the racial part of this. Would majority white towns be allowed to disintegrate like Gary? Maybe they already are, and we just haven’t seen the BBC pieces on them. Discuss.