Salvador Dali The hand 1930
Lots more graphs in the article. This is what happens when a central bank blows a bubble.
The “San Francisco Housing Crisis,” as it’s called on a daily basis, is an extreme. But housing costs in major urban areas in the US have been eating up more and more of household incomes, as house prices and rents have soared and as incomes have crept up painfully slowly. In many cities, not just San Francisco, this condition is now called a “housing crisis” where families with median incomes can no longer afford to rent or buy adequate housing, or where too much of their income is spent on housing, with not enough left over for other things. They have no savings, they barely make it to the next paycheck, and they can’t help the local economy because housing saps their spending power.
Just how out-of-whack this discrepancy between income versus rents and house prices has become over the years is depicted in a new study with long-term charts, released by the research department of Clever Real Estate. Based on Census data going back to 1960 for median household incomes, median gross rents per month, and median house prices, all adjusted for inflation, it shows that nationally, incomes since 1960 have risen just 16%, while rents have risen 72%, and house prices have soared 121%:
In Los Angeles, the median house price increased 358% since 1960, adjusted for inflation, while the median household income rose only 32%. In other words, house prices increased 11 times faster than household incomes:
San Francisco is tops, when it comes to house price increases: Since 1960, house prices surged 531% adjusted for inflation. Over the same period, household incomes also rose sharply, but not nearly enough: 91%. In San Francisco – where about 1% of the population is homeless and many others are struggling – the phrase “housing crisis” is in daily use for a reason: House prices increased about six times faster than incomes:
In light of the expected ICE actions today, and the equally expected outrage, here’s Danielle Ryan from June 27. Everyone needs to get their facts straight, not just one set of them.
A 2015 lawsuit described “inhumane” conditions in border detention facilities under Obama. Men, women and children, it said, were “packed into overcrowded and filthy holding cells with the lights glaring day and night.” They suffered “in brutally cold temperatures; deprived of beds, bedding, and sleep,” were denied adequate food, water and medical care, as well as “basic sanitation items” like soap, toilet paper and diapers. This all while the media treated Obama with kid gloves and liberals sang his praises.
There were no deaths of children in Customs and Border Protection custody under Obama — and there have been six under the Trump administration, so it is fair to argue, that with the implementation of some more extreme anti-asylum policies and perhaps an even greater lack of caring, Trump has taken an already dysfunctional, inhumane and under-funded system — and simply made it worse. There is a case to be made that he has done this on purpose; to make the situation as unappealing as possible to those who might be tempted to make the treacherous and potentially fatal journey to and across the US’s southern border — but the reality is, however unappealing he tries to make it, for many, it will still be more appealing than the alternative.
The biggest elephant in the room, however, is not that the Obama administration was guilty of many of the same things as the current one. It’s that every single US administration for decades has been guilty of contributing to the creation of this crisis through an abominable imperialist foreign policy that has ravaged the very countries these migrants are coming from. Democrats and Republicans have spent decades enthusiastically destabilizing Latin America under the guise of democracy promotion. In reality, they have stolen its wealth and resources, engineered military coups and installed dictators, funded and equipped death squads — and imposed deadly economic sanctions. Where are all the liberals crying about that? How could such inhumane policy have led to anything else?
As Steve Wozniak advises people to get off Facebook.
Tech giants such as Google or Facebook store vast amounts of personal data for their own gain but they are also “happy to hand over” this data to governments, making people vulnerable to persecution, Edward Snowden warned. Any person can pretty much be sure that “everything you’ve done, everything you’ve typed into their search box, everything you have clicked on, everything you’ve liked” is duly recorded and stored in the enormous databanks of the big tech corporations, the NSA whistleblower said addressing the UK Open Rights Group Conference (ORGCON19) in London via a video link from Moscow. Your communications, as they happen largely today, don’t actually take place between you and the person that you are talking to.
They happen between you and Facebook, who then provides a copy of it to the person you are talking to, or you and Gmail, who then gives a copy of it to the person that you are talking to and every time these transactions occur through these service providers, they keep a record of it.” The corporations do that primarily to advance their own financial and economic interests, yet they seek to not only “better their class” but also to “better their state” and are, thus, more than happy to share the data they obtained with governments, which, in turn, make a use of it in its mass surveillance programs, Snowden warned.
“We see that governments increasingly care less and less about compliance, and care more and more about power,” he said, adding that the governmental security structures, which were supposedly created to protect the people against the threat of terrorism, are in fact used against pretty much anyone from critically-minded journalists and dissidents to immigrants and minorities. The corporations, which now virtually control the most part of internet communications, have been long abusing their position of power, forcing people into relations one would never “meaningfully consent to” while staying largely unaccountable. The law simply has not caught up to the fact that a technological corporation now can indenture entire populations into servitude to the corporate good, rather than to individual or public good.
Middle of nowhere?!
At the center of Jeffrey Epstein’s secluded New Mexico ranch sits a sprawling residence the financier built decades ago — complete with plans for a 4,000-square-foot (372-square-meter) courtyard, a living room roughly the size of the average American home and a nearby private airplane runway. Known as the Zorro Ranch, the high-desert property is now tied to an investigation that the state attorney general’s office says it has opened into Epstein with plans to forward findings to federal authorities in New York. Epstein, who pleaded not guilty this week to federal sex trafficking charges in New York, has not faced criminal charges in New Mexico.
But the scandal surrounding him has still sent a jolt through the rural Southwestern state as it comes under scrutiny for laws that allowed him to avoid registering as a sex offender following a guilty plea a decade ago in Florida.“New Mexico continues to lag behind the rest of the country in strengthening outdated and weak laws that fail to protect our children from abuse,” Balderas said in an emailed statement to The Associated Press. “This is a huge black eye for our state.” In addition to confirming his office had interviewed possible victims of Epstein who visited his ranch south of Santa Fe, Balderas’ spokesman also said Friday that the attorney general would renew his push for legislation requiring anyone with a sex trafficking conviction to register as a sex offender in New Mexico.
[..] In New Mexico, the attorney general said he has been in touch with the U.S. Attorney’s Office in the Southern District of New York. Balderas’ office has not said, however, how many accusers his office has interviewed and he has not elaborated on what they say took place at the ranch. In a 2015 court filing in Florida, a plaintiff in a lawsuit against Epstein said she had been abused at several locations, including the New Mexico property.
If the prosecutors are serious about asking girls to come forward, he cannot be allowed out on bail, because then they wouldn’t.
Jeffrey Epstein’s defense team is arguing that their client should be released on house arrest until his trial. They’re also arguing that the charges being brought against Epstein in New York were previously resolved in Florida ten years ago, where Epstein struck his sweetheart deal with prosecutors led by now-Labor Secretary Alex Acosta. But it appears the FBI’s request that any other victims of Epstein come forward succeeded in convincing more than a dozen women, whose cases were not part of the Florida prosecution, to come forward and testify about the abuse they suffered at the hands of Epstein.
According to the Miami Herald, which revived prosecutors’ interest in Epstein with its ‘Perversion of Justice’ series of investigative reports about how Epstein was let off with a slap on the wrist and minimal jail time despite evidence that he was an inveterate, unrepentant pedophile. At least four women have contacted David Boies, the New York power-lawyer who represents some of Epstein’s victims, and at least 10 others have approached other lawyers who have previously represented Epstein’s victims.
“Following Epstein’s arrest Saturday in New Jersey, four women have reached out to New York lawyer David Boies, and at least 10 other women have approached other lawyers who have represented dozens of Epstein’s alleged victims in the past. Jack Scarola, a Palm Beach attorney, said at least five women, all of whom were minors at the time of their alleged encounters with Epstein, have reached out to either him or Fort Lauderdale lawyer Brad Edwards. “The people we are speaking to are underage victims in Florida and in New York. They are not individuals whose claims have previously been part of any law enforcement investigation,” Scarola said. […] “I believe that there was a fairly effective message that was delivered by New York authorities that victims need not fear that they will be treated in the same way that victims had been treated in South Florida,” Scarola said
[..] But New York prosecutors – who say they found “an extraordinary volume of photographs of nude and partially nude young women and girls” while executing a search warrant at his Manhattan residence last weekend – have already argued that he’s likely to either flee the country or add to what they say are dozens of victims as young as 14 from New York to Palm Beach. “I don’t care if he gives up his license and his jet, he still has the wherewithal to take off any time,” said Spencer Kuvin, a Palm Beach attorney who represents three Epstein accusers. “Think about it – if he was a plumber in Queens, do you think the judge would say ‘Yeah, let’s give him an ankle bracelet and send him home?'”
But then he provides no evidence. Is that an ambassador’s job?
Donald Trump abandoned the Iran nuclear deal to spite Barack Obama, according to a leaked memo written by the UK’s former ambassador to the US. Sir Kim Darroch described the move as an act of “diplomatic vandalism”, according to the Mail on Sunday. It says the memo was written after the then Foreign Secretary Boris Johnson appealed to the US in 2018 to stick with the nuclear deal. Under that agreement Iran agreed to limit its sensitive nuclear activities. It would also allow in international inspectors in return for the lifting of crippling economic sanctions. However, President Trump did not think that the deal went far enough.
The newspaper reports that after Mr Johnson returned to the UK from the US, Sir Kim wrote that President Trump appeared to be abandoning the nuclear deal for “personality reasons” because the pact had been agreed by his predecessor, Barack Obama. The British ambassador is said to have highlighted splits amongst US presidential advisors and that the White House did not have a “day-to-day” strategy of what to do following withdrawal from the deal. The paper reports that Sir Kim wrote a memo to Mr Johnson, saying: “The outcome illustrated the paradox of this White House: you got exceptional access, seeing everyone short of the president; but on the substance, the administration is set upon an act of diplomatic vandalism, seemingly for ideological and personality reasons – it was Obama’s deal.
They’re going to keelhaul him/her, set an example.
The suspect behind the leak of confidential memos from Britain’s Washington ambassador has been identified, the Sunday Times newspaper has reported. British officials have launched an inquiry to find the person responsible for the leak of emails published by the Mail on Sunday. Counter-terrorism police have launched a criminal investigation. According to the Sunday Times, which cited unnamed government sources, a suspect had been identified and suggestions that it could be the result of a computer hack by a foreign state had been ruled out. “They think they know who did the leaking,” an unnamed government source told the paper.
“It’s now a case of building a case that will stand up in court. It was someone with access to historical files. They went in and grabbed a range of material. It was quite crude.” Both the Sunday Times and the Mail on Sunday reported that intelligence officials from the GCHQ eavesdropping spy agency were about to join the investigation to find the suspect by examining email and phone records. The Mail on Sunday published newspaper published memos from Kim Darroch in which he described Donald Trump’s administration as “inept” and “dysfunctional“, prompting an angry response from the US president and causing the envoy to announce his resignation. It has now published further memos from Darroch, defying a police warning that doing so could be a criminal act.
What a pitiful little country Britain has become. Stumbling from blunder to blunder.
British Foreign Secretary Jeremy Hunt sought to ease tensions with Iran on Saturday, saying a tanker held by Gibraltar would be released if Tehran guaranteed it was not heading to Syria. He said he had a “constructive call” with his Iranian counterpart Mohammad Javad Zarif, who he said assured him that Tehran “is not seeking to escalate” tensions between the countries. “I reassured him our concern was destination not origin of the oil on Grace One,” a tanker seized off the coast of the tiny British territory of Gibraltar on July 4, Hunt tweeted. An Iranian statement confirmed the conversation and said Hunt underlined Iran’s “right to export oil”. It added that Tehran hoped that an investigation in Gibraltar into the seized ship “would lead quickly to the release of the Iranian tanker”.
US officials believe the tanker was destined for Syria to deliver oil, in violation of separate EU and US sanctions. Hunt said Britain “would facilitate release if we received guarantees that it would not be going to Syria, following due process in Gib (Gibraltar) courts. “Was told by FM Zarif that Iran wants to resolve issue and is not seeking to escalate.” Tehran had reacted angrily to the seizure, and Britain this week said Iranian military vessels had tried to “impede the passage” of a British oil tanker in the Strait of Hormuz. Iran, in its statement relayed by state media, said Zarif had told Hunt that his country would continue to export its oil “in all circumstances” and that the Grace One’s destination was a “legal” one, in “the eastern Mediterranean”. He did not specify where.
Overall aversion against anything China. Not sure that helps.
An old Chinese idiom has become the key catchphrase of Hong Kong’s social discourse in recent days. Pien Dei Hoi Fa – flowers blooming everywhere – is the term being used to describe the emergence of local protests and so-called Lennon walls, colourful collages of sticky labels with political messages, that are popping up in local communities all over Hong Kong. Millions in this former British colony have flocked to the streets in several mass protests over the past month to fight against a proposed law that would allow individuals to be extradited to stand trial in China’s opaque courts. Now, feeling emboldened by the solidarity and big turnout at recent protests, which have made headlines across the world, Hong Kong people are now riding on the wave of their success to speak up on a range of issues, which are generally related to their discontent with the encroachment of China into Hong Kong.
Over the past weeks, there have already been many smaller scale rallies on the sidelines of the main protests, among them a couple of mothers’ rallies urging the authorities to listen to young people and numerous open-air Christian gatherings urging peace. But many more, with different themes, are in the pipeline: there are at least five planned protests or rallies over the coming week and nine until the end of the month, and lists of these are going viral on social media. On Saturday thousands of people turned out for a Reclaim Sheung Shui protest in a town near the mainland border, a show of anger against so-called parallel traders who snap up goods ranging from foreign-made formula milk to cosmetics and medicines and resell them in China.
On Sunday, a rally in Shatin against the extradition bill and a separate journalists’ march on Hong Kong island against the police’s rough handling of reporters are planned. There will be an elderly people’s march to support the young next Wednesday and a rally against pro-Beijing media in the next few weeks.
‘..until after coup attempt anniversary..’ i.e. July 16. US, NATO can’t afford to let the S-400 anywhere near their equipment. So expulsion?
Additional S-400 air defense components have arrived in Turkey, as Washington remains unusually silent while reportedly contemplating the proper timing and degree of pain it wants to inflict on its NATO ally for disobedience. An Ilyushin Il-76 cargo plane landed at Murted Turkish Air Force Base just outside Ankara on Saturday with the latest batch of S-400 parts, the Defense Ministry confirmed, a day after three gigantic Antonov An-124 jets delivered the first components of the defense system. The cargo was welcomed by a large number of military personnel and offloaded by heavy-duty military trucks into secure hangars.
Despite the lack of immediate reaction from Washington, the White House is currently working on a sanctions package which will be invoked under the Countering America’s Adversaries through Sanctions Act (CAATSA), sources familiar with the matter told Bloomberg. The content and degree of the punitive measures have reportedly already been carefully debated between State Department and National Security Council officials together with the Pentagon. Now it is up to Trump to sign off on the package, which is unlikely to come before the end of next week, as the administration allegedly wants to “wait until after Monday’s anniversary” of the Turkey military coup attempt as to “avoid fueling further speculation” about Washington’s possible involvement.
Turkish President Recep Tayyip Erdogan blamed the failed July 15, 2016 rebellion on a cleric living in the US under CIA protection and – amid souring relations with Washington which accused Turkey of conducting a brutal crackdown on the coup plotters – began increasingly turning to Russia for defense supplies.
BAU. Carbon is a bitch. And there are still people who can look at an entire landscape, in this case a canyon, and declare there’s nothing much there. Every landscape teems with life.
Officials began to clean up a massive oil spill Friday that dumped nearly 800,000 gallons of oil and water into a California canyon, making it larger — if less devastating — than the state’s last two major oil spills. The newly revealed spill has been flowing off and on since May and has again stopped, Chevron spokeswoman Veronica Flores-Paniagua said. She and California officials said the spill is not near any waterway and has not significantly affected wildlife. The last flow was Tuesday. Chevron reported that 794,000 gallons of oil and water have leaked out of the ground where it uses steam injection to extract oil in the large Cymric Oil Field about 35 miles west of Bakersfield.
The steam softens the thick crude so it can flow more readily and is a different process from fracking, which breaks up underground layers of rock. The state has issued Chevron a notice of violation ordering it to stop steam injections around the spill. The company also increased its production of oil from wells in the area. Both actions are intended to relieve underground pressure that may be forcing the mix of oil and water to the surface.