Submitted by Charles Hugh-Smith of OfTwoMinds blog,
If we understand property taxes as a "lease from the local government for the right to gamble on another housing bubble arising," we see "ownership" in a different light.
We're constantly told ours is an ownership society in which owning a home is the foundation of household wealth. The concept of ownership may appear straightforward, but consider these questions:
Authored by Josh Harkinson, originally posted at MotherJones.com,
If the nationalists get their way, this November might be the last time Texans vote for a US president.
On Wednesday, the Platform Committee of the Texas Republican Party voted to put a Texas independence resolution up for a vote at this week's GOP convention, according to a press release from the pro-secession Texas Nationalist Movement. The resolution calls for allowing voters to decide whether the Lone Star State should become an independent nation.
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Back in November 2008, then Russian president Dmitry Medvedev made a stark warning to NATO: "Russia will deploy Iskander missile systems in its enclave in Kaliningrad to neutralize, if necessary, the anti-ballistic missile system in Europe."
Submitted by Mish Shedlock of Mish Talk
Class 8 Truck Orders Plunge 39%; Large Truck Sales vs. Recessions
Class 8, “heavy duty” truck orders are down 39% from a year ago.
First, let’s take a look at the reports, then we will take a look at what this may mean for the economy.
Class 8 Truck Orders Plunge 39%
The Wall Street Journal reports Truck Orders Fall in April.