October 28, 2006

From Real Madrid to...Carson? According to one London tab, that's the plan for David Beckham.

October 27, 2006

It's not as bad as driving an Osamamobile, but my beerbaby may be taking its toll on my gasoline budget.
Is Bob Corker gay? Josh Marshall and James Wolcott attempt to solve one of the beguiling mysteries of the bitter Senate race in Tennessee.

October 25, 2006

After this, can we ever believe anything again?
Too late for Vito Spatofore: New Jersey State Supreme Court strike down laws prohibiting same-sex couples from having same rights as married couples.

October 24, 2006

Dems breathe a sigh of relief, as Dick Morris now calls the battle for control of Congress a "toss-up."

October 23, 2006

Nothing in the blogosphere is as tedious and banal as the post accusing some villain de jour (Bush, Lieberman, Rather, etc.) of "lying." It is to the discredit of the medium that we so wilfully confuse disagreement with dishonesty, and in so doing, cheapen the epithet.

But Jim Ryun is a liar.

October 20, 2006

Nedrenaline: Ned Lamont is officially getting his ass kicked, and Kos is batshit crazy if he sees good news in this post-debate poll. Lamont is now getting clobbered by a larger margin than Phil Angelides, and Angelides hasn't had any "netroots" support.

October 19, 2006

Cardinal Hastert is about to have his hands full again, this time with a colleague from his homestate.
The Canary in the Coalmine:
The number of Californians who are significantly behind on their mortgage payments and at risk of losing their homes to foreclosure more than doubled in the three months ended Sept. 30, providing the latest evidence of trouble in the housing market, figures released Wednesday show.

Lenders sent out 26,705 default notices — the first step toward a foreclosure — during the July-to-September period, up from 12,606 during the same quarter in 2005, according to DataQuick Information Systems.


(snip)

Foreclosures are rare when the housing market is strong and prices are rising. In those conditions, borrowers can usually sell their homes quickly, or they have enough equity to allow them to refinance their loans. But in another disquieting sign, DataQuick reported that 19% of the owners who went into default earlier in the year actually lost their homes to foreclosure in the third quarter, more than triple the 6% in 2005.

(snip)

The softening of the housing market was the trigger, as new homeowners with little or no equity in their properties found themselves unable to sell at a high enough price to pay off the balance of the loan and still cover all of the sale expenses.

"Whereas a year ago, people could have put their house on the market and sold their way out of the problem, now they're stuck with the house," said Richard Pittman, housing services coordinator for credit counselor ByDesign Financial Solutions in Los Angeles.
--Los Angeles Times (10/19/20)

We caught a break last year when the housing market didn't collapse, in conjunction with the anticipation of the apocolyptic bankruptcy law. YBK was limited in its impact to borrowers and credit card companies, not homeowners, many of whom were able to stave off the trip to the courthouse by refinancing in the twilight days of the housing boom. Those people who are now threatened with the foreclosure of their homes will be visiting my office soon, as well as the offices of other bankruptcy attorneys (oops, my bad: other "debt relief agencies"), but without the protections Chapter 7 and 13 debtors had under the old law.

And as a consequence, more people will lose their homes in the end to foreclosure, which will further depreciate the value of real estate, which will suck even more money out of the economy.

October 18, 2006

Twas a good feeling while it lasted, but now I'm afraid the Democrats are officially screwed.
Huh? Hoping to move out of the long shadow of UCLA, the Trojans have offered a basketball scholarship to freshman guard Dwayne Polee, Jr. Oops, I should note that Dwayne Polee, Jr. is a freshman in high school, a 14-year old who has yet to play a game in high school.

October 16, 2006

The Worst Case Scenario for Saint Joe: Ned Lamont gave a substantive performance in the debate this afternoon, and Alan Schlesinger showed himself to be a credible alternative. [link via MyDD]
Who knew you could be too racist for Fox?
Jumpergate [Part Trois]: The continuing clusterfuck that is the movie Jumper...two months after they swatted down rumors that Teresa Palmer would be fired, and after a month of shooting in Canada, they have now indeed fired the Grudge 2 starlet, replacing her with someone named Rachel Bilson. Regardless of what your feelings are about Hollywood or actors, this is not the way you treat people.

October 15, 2006

What liberal media? The L.A. Times comes out against a tax increase on oil companies to fund alternative energy research, against a one-fifth of one percent increase on the state corporate tax to publicly fund elections, and endorses the reelection of Arnold Schwarzenegger. Each day it becomes more and more like the Wall Street Journal editorial page....

October 13, 2006

Lipscombing, Part trois:
"MacPherson, a former staff writer for the Washington Post and a past Pulitzer nominee, devoted more than a decade to creating this biography with exceptional rigor, devotion and fairness."
--Joe Conason, reviewing Myra MacPherson's biography of I.F. Stone in Salon. This website seems to imply that she was "nominated" for having written the 1984 book, Long Time Passing, but the Pulitzer website does not indicate she was a nominated finalist in either 1984 or 1985. (See here and here for other examples of this sad form of journalistic resume-padding)
Not All Wars: Mad Max grants Jews absolution for Biafran conflict and the War of Jenkins' Ear.
Air America goes double touthpix.

October 11, 2006

Kos is right about this. Transfering title in real property between yourself and an LLC you control is routine, and it's hard to decipher what the point of this piece was supposed to be.