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alstry (35.09)

What Benny The B Conceals!!!!!

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January 06, 2010 – Comments (4)

Silicon Valley ‘Bloodbath’ Leaves Buildings Empty

Jan. 5 (Bloomberg) -- Silicon Valley is beset by the biggest office property glut since the dot-com bust, leaving the U.S. technology hub with empty high-rises and office parks that make it impossible for landlords to sustain average rents.

More than 43 million square feet (4 million square meters) -- the equivalent of 15 Empire State Buildings -- stood vacant at the end of the third quarter, the most in almost five years, according to CB Richard Ellis Group Inc. San Jose, Sunnyvale and Palo Alto have 11 empty office buildings with about 3 million square feet of the best quality space.

“There is a bubble bursting in much the same way as the residential market burst,” said Jon Haveman, principal at Beacon Economics, a consulting firm in San Rafael, California. “None of those towers will fill up anytime soon.”

http://www.businessweek.com/news/2010-01-05/silicon-valley-bloodbath-leaves-buildings-empty-update2-.html

Silicon Valley BLOODBATH???  Empty high rises and Benny The B tells ya the recession is over?????

Do you think George Washington or Thomas Jefferson would have taken salaries if government were running the equivelant of a $2 Trillion dollar deficit..twice its receipts?  Do you think they would have bailed out their banker buddies and allow the rest of the nation to swim in a Bloodbath????

4 Comments – Post Your Own

#1) On January 06, 2010 at 12:22 PM, alstry (35.09) wrote:

You think the heart of America's growth engine is swimming in a bloodbath and we have any kind of growth and the market is rising.........

And we are on track for a $2 Trillion dollar deficit.

LOOK WHAT IS HAPPENING TO AMERICA AS TAXPAYERS LAVISH BANKERS WITH MASSIVE SALARIES AND BONUSES AND POLITICIANS DO NOTHING ABOUT IT.

FORT WAYNE, Ind. (Indiana’s NewsCenter) - Some foster care parents say they're struggling even more this year because foster care funding by the state is being cut by 10 percent in 2010.

But Mark and Michelle Pratt, a couple who adopted 14-year-old Kaylin, say the state is taking more than 10 percent.

“We've always felt like it's our job to speak up for her because she can't speak for herself,” Mark Pratt said.

Pratt is speaking out for his adoptive daughter, Kaylin, who was born with cerebral palsy and can’t speak or use her upper or lower body. The Pratts adopted Kaylin when she was eight. They say the foster care system was going to place her in a group home because of her healthcare costs. But Michelle Pratt says she didn’t want to see her in a group home.

“The judge said she was un-adoptable because of all her medical needs,” Michelle Pratt said. “But I don’t believe in that. I don’t think any child is un-adoptable.”

The family has been in and out of hospitals to care for Kaylin, but they spend most of their time in a custom home they built with her in mind.

“It was built with handicap access,” Michelle Pratt said. “It was built with a hospital room and a separate electrical circuit for Kalyin's medical equipment.”

But the Pratts say they will have a difficult time paying for the house and medical bills now because the state of Indiana is cutting 10 percent of funding given to foster care parents. And, after doing some research, Michelle Pratt says more than 10 percent is actually being taken.

Pratt says foster care parents get 75 percent of their funding from the federal government and 25 percent from the state. Michelle says state officials are actually taking 10 percent of the total amount of funding, from federal and state, not just from the state's contribution.

“It maybe legal, but not moral to cut money from these kids and from families like us,” Mark Pratt said. “We think that there are other areas they can look at and if it had to be done we'd like to know it was the last resort but we can't even get an answer.”

http://www.indianasnewscenter.com/news/local/80744552.html

IS ANYONE REPRESENTING THE AMERICAN PEOPLE ANYMORE?????

WE ALL HAVE TO MAKE SACRIFICES DURING THESE DIFFICULT TIMES.....BUT WHY ARE WE BAILLING OUT AND BONUSING INSOLVENT BANKERS WHEN THE REST OF THE NATION ZOMBULATES?

IMAGINE WHAT HAPPENS IF AMERICA FINDS OUT, AS TRIMTABS REPRESENTS, THAT THE STOCK MARKET WAS SIMPLY PROPPED UP BECAUSE BENNY THE B WAS BUYING FUTURES?????

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#2) On January 06, 2010 at 2:41 PM, alasker (< 20) wrote:

I apologize for not remembering which president said this- but one of our earlier American presidents- probably Jefferson- said that we should have no debts that last more than 19 years as to not burden the next generation. I dont think rolling over short term treauries year after year counts.

It is way too early in the year- maybe i'm seeing it because i'm looking- but does it seem like lots of cities are announcing huge pension cost increases? Pension costs could skyrocket even higher if the market takes another hit. there is no present benefit in the way that money/ labor is being allocated. Labor is being allocated to pay for the past. With revenues shrinking- do you pay for the retirement of the older generation or services to the new generation like schools? How much debt can the world absorb- everyone seems to be rolling over old debt and issuing new debt? How do we afford the retirees and their healthcare when the present generation can barely pay rent? We have a larger global population that needs water, food, fuel, clothing. Could be some very interesting population shifts in the future. 

I'm better with questions than answers. Like my father says- there's nothing I can do about it- too macro. 2010 will be a fun year.

Looking forward to the day when Alstry has nothing else to write about. There is some hope though- I've been passively following a few new technologies that are being re-visited that could be disruptive in a good way.

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#3) On January 06, 2010 at 3:43 PM, EnergyCzar79 (36.10) wrote:

Thanks alstry,

That TrimTabs story is a real stunner. If it's even remotely true, more than a few Senators and Congressmen are going to come unhinged, as well as the American people.

Rightly so. 

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#4) On January 06, 2010 at 4:37 PM, Boogpckr (53.06) wrote:

Zombieland

http://www.forbes.com/2010/01/06/bailout-super-regulator-reform-opinions-contributors-gregory-zerzan.html?partner=msn

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