August 2011

Farmland real estate bubble

The Badlands Journal editorial board heard  this week from ranch real estate agents that prices for farmlard are rising on sales to investors looking for a home for their money. It reminded us of an article that appeared on this site last September.
Meanwhile (see below Badlands article and congressmen's latest ag-pork announcement), the dogs bark but the caravan moves on. -- blj

Badlands Journal
The next speculative real estate boom


Billionaires, bonds, bubbles and Browns, Part 1

The investigators on California water issues we've learned to trust through the years -- Lloyd Carter and Patrick Porgans -- have delivered once again another chapter in the story of accumulation of control of this most vital natural resource. This is a story of another form of the famous California "win-win, Public-private Partnership" for the enrichment of the few, the rich, the powerful at the expense of the Public Trust.

Billionaires, bonds, bubbles and Browns, Part 2

Lloyd G. Carter Chronicle of the Hydraulic Brotherhood
Budgets, Billionaires, profits and the Brown Family - Part Two
The Browns and 50-Years of GO Bond Debts
Part Two
By Patrick Porgans and Lloyd G. Carter

Obama as puppet

The Lion thought it might be as well to frighten the Wizard, so he gave a large, loud roar, which was so fierce and dreadful that Toto jumped away from him in alarm and tipped over the screen that stood in a corner. As it fell with a crash they looked that way, and the next moment all of them were filled with wonder. For they saw, standing in just the spot the screen had hidden, a little, old man, with a bald head and wrinkled face, who seemed to be as much surprised as they were. The Tim Woodman, raising his axe, rushed toward the little man and cried out,

Skepticism about California high speed rail boondoggle grows through cracks in the flak




A compliation of recent articles on the California high speed railroad boondoggle show that people along the proposed routes are growing more skeptical by the day ... except of course for the dim-witted burgermeisters of Merced. -- blj

Let us have the audacity of hope

The Record
Rep. Cardoza considering retirement…The Record
STOCKTON - It seems certain that Rep. Dennis Cardoza, D-Atwater, won't be representing Stockton after the completion of his current term, but it is not clear what his plans will be come the 2012 elections.

@$#%&!! finance oligarchy

You mean to tell me that the success of the (economic) program and my reelection hinges on the Federal Reserve and a bunch of @$#%&!! bond traders? -- President Bill Clinton, The Agenda, Bob Woodward, Simon and Shuster, New York, 1994, p. 73

August 19 - 21, 2011
Guard-Dogs for the Banks
The Case Against Rating Agencies

"The ultimate form of moral hazard" or the Federal Reserve's "finest hour"?

The article titled "Wall Street Aristocracy Got $1.2 trillion in Fed's Secret Loans," was the result of Bloomberg business news agency's relentless quest involving numerous Freedom of Information Act requests and an act of Congress over a 3-year period. The article is destined to be famous in the annals of American journalism and will be a fundamental document of a history of these times.
It is not easy to read and demands study, rewards study.