(no subject)

[johnny9fingers]

And now for something completely different:

An economics/oil posting.

http://observer.guardian.co.uk/world/story/0,,2212899,00.html?gusrc=rss&feed=12

This slide in the dollar will give the next administration a headache the size of Texas: which is the aftermath of an eight year party run by a Texan and his sidekicks (mainly his sidekicks, I deem).

Manhattan real estate is becoming affordable again to 'us Brits', as are the better bits of Long Island. Well, with a holiday home in NY you don't have to learn a foreign language, and Manhattan is one of the two candidates for best English Speaking Major Conurbation. (I know some folk like the West Coast....but really. Stable ground beneath one's feet and all that, what.)
And America is even cheaper for those countries tied to the Euro.
And so, what happened to London will happen to various cities in the US: young folk will not be able to get on the property ladder. Slightly richer foreigners will have forced the prices up beyond the means of the upcoming generations. Capital and equity will be defining factors. Class barriers will become re-inforced. Social mobility will diminish. Everyone not privately educated forced into McJobs.

I'm so pleased that there seems to be a correlation between levels of inequality and levels of crime.
That's why we absolutely need tax-cuts for the rich: else how are they going to be able to afford to employ enough private mercenaries to guard their property. (And on top of this they're providing jobs for otherwise unemployed and feckless folk who would, in lieu of this work, be cluttering up the welfare system or involved in crime - really, these rich folk are positively saintly.)
I'm just arguing from the Republican position, after all, one tries to be even handed about this stuff. Else I'd just be needlessly sarcastic, and that wouldn't fit with my personality, now: would it?

Comments

[tripinthehead33.livejournal.com]

New York City. The rest of New York is prone to a variation of things. In this area, blizzards and Lake Effect Snowstorms. Oooh, scary.

[tripinthehead33.livejournal.com]

Lol. I think Syracuse gets a bit less storms than I do here, but we're not so bad as Buffalo. Usually whatever hits Syracuse has already half played itself out over my head.