The crash came from demographics. Populations were aging rapidly and populations wanted to save for their retirements. Using market values, houses were overpriced and leverage was played out. When the market came to its senses about the overpriced houses, the bubble broke. Before the break lenders could have a flip to a higher price buyer even for lier-loan borrowers..
There was an element of disgusting greed by people using leverage to walk up values of their housing. It is only fair that poor people be given a shot at the racket. In general not everybody can become rich doing mortgage games. Our academic community fell asleep at the switch.
Don't get me wrong I think Andrew Cuomo is a jackass. View Comment
I think the world of Congresswoman Lowey. She is terrific. Thus she broke my heart with her moronic statement about Indian Point.19,000 people were swept away by the Japanese tsunami, but anti nuke folks scared the Japanese populous about Fukushima. Nobody was killed or hurt by the radiation from Fukushima. Nothing was harmed by the release of some radiation into the very large ocean. You can lose an airplane in an ocean. Yet the Japanese people have to foot the bill for Rube Golberg barriers to radiation going into the ocean. I thought the Japanese people were more intelligent than Americans. I was wrong about that. View Comment
I came out of the post office the other day and looked up the street at Ossining's architecture and the flowering trees (Dogwoods? I am an idiot with respect to trees.) It was a pleasing view. So how can the character of downtown be preserved and growth enhanced? Obviously putting in a Walmart would not work as there is not enough flat land for a parking lot and some of our 19th century structures would have to go.
I also enjoy the restoration of the handsome bank building as condos. The developer did a beautiful job in my opinion. And I root for the Keenen House and wish that HealthSmart could freshen up its store. I wonder what magic Ms. Castadi has in mind. . View Comment
Rare uncoordinated events follow Poisson distributions. There is a finite probability of several events in a limited time period as what happened to the railroad. Then commissions are appointed. The members have to prove their work by making recommendations. The Rogers Commission for the Columbia space shuttle explosion is the classic example. They shut down the space program for awhile and required tons of money in expenditure. The value of their work was nearly zero, and we don't know on which side of zero as the Columbia shuttle burned up seven years later. The root cause of both accidents was the same.
And when there is mention of culture one knows the cuckoo birds are in control. Please, no more commissions. View Comment
Back in the 1970's women as a group made 59 cents for every dollar earned by men as a group. The difference was explained to my satisfaction by the different ways men and women adhere to the job market. Women lose time and seniority credits to bearing and rearing children. The "improvement" to 77 cents resulted from women aging and being beyond their peak child bearing years and unwarranted political pressures. Fair markets work against unjust discrimination. If an empl0yer can get a qualified woman worker at a 23 per cent discount from a man worker, he would be a fool not to hire the woman.
Our president is an ignorant fool on this issue and many others. He is painful to hear. But Republicans are far worse on average. The 1983 Social Security reforms gave us surplus FICA funds. Those extra revenues were scheduled to phase out, but every Republican just ignores this and denies the replacement revenue to government. View Comment
Alcohol was an aroma and a "taste" that is unmistakable. Ms. Kennedy's pill was just a pill. Her initial reaction to the police was consistent with her not being aware of her taking a powerful sleeping pill.
There was a wrong prosecution of a teach in Croton who toutored children in her home. This case should not have been brought. It cost her her marriage and years of anguish. It was horrible, and the woman was not from a famous family.
Our district attorney office is too fascistic for my liking. View Comment
There is a fascinating physiological condition for the human body, the ability to fall asleep. A few years ago I had a medical problem that restricted my sleep to about 90 minutes at a time. What a relief when I could get a 4 hour block of sound sleep. The body can literally flick a switch and put a person to sleep. There is a fancy name for people who just fall asleep in an instant. I suspect that many if not most of the DWI fatalities are due to the falling asleep problem. After a night of drinking is late at night. I was not drinking, but I was very tired when I fell asleep on the Taconic. The washboard along the side of the road woke me up and really scared me.
Talk of knowing that one can tell when one is about to shut off, except for being fatigued, are misguided in my opinion. Ms. Kennedy had an accident. Let's celebrate the result of no one getting hurt or killed.
No one dislikes Robert Kennedy Jr. more than I. But one's bias for or against Kennedys should be set aside in this case. View Comment
There are two cases to think about. One involves a professional football player, a wide receiver, accused of rape in Minnesota. The accuser took the stand and wept as she told of her ordeal. The defense attorney had her confirm that she was on the floor of the bathroom and the football player used his powerful hands to spread her legs to enter her. The defense attorney asked her to step down. She asked the judge if she had to, and the judge said yes. The defense attorney escorted the young woman to a model of the bathroom and opened the door thereto. She then blurted out "This isn't right; it is much too small." The defense attorney called the carpenter who said all measurements were within a sixteenth of an inch of the actual bathroom and the football player was aquited.
The community was split on the case with some taking the "she said" as true and other taking the "he said" as true. The man was lucky to be able to prove the negative. But he was under a cloud of suspicion, and his defense was not cheep. The relevance to the case at issue for the Ossining teacher was that the Minnesota girl's claims were investigated and she had no obvious mental problems. What is chilling is that a seamingly normal girl had no understanding of the damage that she did.
The second case involves the female teacher in Croton who foolishly tutored students in her home. The Westchester DA indited and got a conviction based on the braggadocio of a punk. It was horrible. This problem with our DA and our populous is serious. The blatant assumption of conclusions in the comments hereto show no protection from rational procedure. The Central Park Jogger case is another example of the lack of clear thinking. When the true assailant was found, the case against the wrongly convicted boys showed all kinds of problems with the case.
Mr. Gullotta's use of the term "looser teacher" is as offensive as using the term "looser Jews" with respect to the holocaust. Shame on him. View Comment
Citizens can have no confidence what so ever in the result. Political activists require that the she said in he said/ she said cases be believed even though there are many cases where the she said is false. Could the girl in this case be just furious that her crush was getting married to somebody else? Prosecutors make use of the political bias to threaten imprisionment and get their quary to plead. The need to register as a sex offender is horrific, but prosecutors care only in getting a notch on their belt. It's sickening. View Comment
It was just a few years ago that the teacher in Croton was wrongly convicted. She did jail time and her marriage was destroyed by the perversion of our DA office. Lawyers and opportunists have taken billions from Catholic parishioners, and groups make their livings based on Ophra-Show level theories as expressed in other comments below. Unless there is actual physical evidence no prosecution should be ensue in this case. Testimony in these cases is unreliable and juries (in fact nobody) has no skill in judging credibility. In the Sandusky case, the jury believed fellows who said their high powered lawyers were to help with the media. Those high payed lawyers took the rubes of Pennsylvania to the cleaners for $60 million. View Comment
Please remember the false prosecution of the woman in Croton who tutored in her house. Prosecutions based on testimony gathered by a district attorney office with blood on its hands should be disregarded without strong physical evidence. It is impossible to overstate the danger from prosecutors out to protect children. They skip the step of logical analysis and just go for conviction. View Comment
There are several problems with breast cancer awareness campaigns.
1) The presumption that every treatment saved a life. Mostly it does, but sometimes not. The cancer might be so slow growing that the lady would die of something else first. A mammogram technician said something to my ex wife. By the time she drove home, she convinced herself that she was to die shortly and that it was my fault. I told her that she should wait for the radiologist to review the film. It might be nothing; then a biopsy might be nothing; then the prognoses is favorable. The radiologist found nothing. We divorced for other reasons.
2) The massive, in terms of numbers, heartache from false positives. "We need another look' weighs heavy on women.
3) Basing funding decisions not on medical factors but on the emotional response to breasts. View Comment
Miguel Serveto, who did work on blood circulation in the 16th century, was burned at the stake for saying that Jesus was God and Man at the same time. Mr. Darario was not burned at the stake.
There has been some modulation of Catholic behavior over time. but I was dismayed at the insane outburst in this incident.
As a daily user of RT. 9, I appreciate public roads. I also know that Port Authority tolls allowed for excellent maintenance on Authority roads and bridges.. And user fees, like prices in general, can be used for rational allocations of public goods. Some combination of user tolls and bridge tolls makes sense. The best allocation is amenable to reason as are subway fares. It might be true, but "That's too much" is not a reasoned argument.
I don't understand private sector investments in infrastructure. That seems to be a voluntary tax on companies. Consumers, who are tax payers too, are ultimately responsible for such taxes. View Comment
Time goes in just one direction. Once the 4 died, they were dead and nothing can be done to recover their lives.
The question then becomes whether we use the loss as a prop for political theater as you do. I find that disgusting. View Comment
The "profilers" say that mass murder is a white man crime. Hmmm.
Lots of people have guns, drink alcohol, use drugs, etc. Controlling guns and behavior seems beyond us. I do wonder if this guy obsessed. The Long Island shooter drove his neighbors nuts with his rants about racism. View Comment
"Mangialardi was killed by an alleged drunken driver " is terrible reporting. While true it ignores that Mr. Mangliardi was into his electioneering and probably was careless at a dangerous intersection. The case to me is an unfortunate accident and nothing more. If the lady had a blood alcohol level over .2, I would change my mind.