Wednesday, October 26, 2011

@13:04, 10/26/11 2

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Europe does not look hopeful.  There may be no news until the Asian markets open about 1:00 am.  

  • TimesPeople recommended a blog post:
    Oct 25, 2011
    Obama, the Homeowner's Helper or Enable? - Room for Debate
    Will the new federal mortgage rules aid homeowners facing foreclosure or encourage borrowers to live beyond their means?
    It has been four years since the house bubble popped.  Despite dreams, bubbles do not recover.  Anyone who was depending on refinance or a new job to pay the note is in default.  The program provides relief to householders who are living in houses with negative equity and who are current on their notes.  This is a small number.
    These owners are not facing foreclosure and are not living beyond their means.
    This is a political gesture and it is receiving political response.
  • TimesPeople recommended a blog post:
    Oct 25, 2011
    Will Amazon Kill Off Book Publishers? - Room for Debate
    What happens when more writers have the option of a one-stop shop: agent, publisher and bookseller.
    The print on paper publishers will die of starvation.
    Income is better than debt.
    In the very short term Amazon is no threat.
  • TimesPeople recommended a user:
    Oct 25, 2011
    Michael Kittle
  • TimesPeople recommended a blog post:
    Oct 25, 2011
    In Publishing, Where Can Writers Grow? - Room for Debate
    Can Amazon’s profit-centered forays into publishing provide a healthy space for writers?
    If Amazon cannot develop talent  they will have to buy it from those who can.  Editing can be bought on the market.  Not all editors work for publishers.
    http://pogue.blogs.nytimes.com/2011/10/13/a-look-at-icloud/?partner=rss&emc=rss
    This is not the column I read earlier today.
  • TimesPeople recommended a blog post:
    Oct 25, 2011
    Monopoly vs. Diversity in Book Publishing - Room for Debate
    Publishing isn’t about developing algorithms. It’s been about art-making and speaking truth to power.
    This is a description of the writer's job.  The publisher provides the platform and a bit of shielding.
  • TimesPeople recommended a blog post:
    Oct 25, 2011
    Amazon Enters Publishing: There's No Going Back - Room for Debate
    Writers are increasingly taking on a mind-set like app developers in that they will align with the big platforms, be it Kindle or the Apple Store.
    Even a small mind can be right.
  • TimesPeople recommended a blog post:
    Oct 25, 2011
    Good Policy and Politics for Homeowners - Room for Debate
    The new rules are good for the economy, good for the neighborhood and good for job growth.
    "So the new rules announced by President Obama that allow “underwater” families otherwise current on their mortgages to refinance more easily at today’s low interest rates can rightfully be promoted as good for the economy, good for the neighborhood and good for job growth."
  • TimesPeople recommended a user:
    Oct 25, 2011
    Zoku
    • John Petralia commented on an article:
      Feb 5, 2010
      Fiscal Scare Tactics
      Dr. Krugman makes a cogent argument for increasing the federal deficit as a way to create jobs. Other well respected economists make a similar argument. But, there's one big problem. It's not an argument that president Obama can make or is willing to make in his current weakened state. So, politically, Krugman's plan is already dead. What to do? The president needs to forget about politics. He needs to stop saying "I will" and "I did". He needs to have faith that "we" the people will follow a great leader, that Obama can be , only if "we" believe his narrative. For "us", earmarks, back room deals, and more tax-payer funded government jobs are not the inspirational story we were all seeking last November. 
      This tea tosser was getting things right most of the way through. 
      Here is the part he didn't read:
      "For the fact is that thanks to deficit hysteria, Washington now has its priorities all wrong: all the talk is about how to shave a few billion dollars off government spending, while there’s hardly any willingness to tackle mass unemployment. Policy is headed in the wrong direction — and millions of Americans will pay the price."
  • TimesPeople recommended a user:
    Oct 25, 2011
    swampsford
    • swampsford recommended a blog post:
      5:15 am
      Obama, the Homeowner's Helper or Enable? - Room for Debate
      Will the new federal mortgage rules aid homeowners facing foreclosure or encourage borrowers to live beyond their means?
      "So the new rules announced by President Obama that allow “underwater” families otherwise current on their mortgages to refinance more easily at today’s low interest rates can rightfully be promoted as good for the economy, good for the neighborhood and good for job growth."
      This group is financially sound and the program improves their position.
  • TimesPeople recommended a user:
    Oct 25, 2011
    parisexpat

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