Archive for September, 2008
Wednesday, September 24th, 2008
“In an attempt to increase homeownership, particularly by minorities and the less affluent, an attack on underwriting standards was undertaken by virtually every branch of the government since the early 1990s,” Liebowitz writes. “The decline in mortgage underwriting standards was universally praised as ‘innovation’ in mortgage lending by regulators, academic specialists, (government-sponsored enterprises) and housing activists.”
“Guess Again who’s to blame for US mortgage meltdown,” by Drew Zahn (WND)
As I’m not a conservative (I am anti-liberal and pro-traditional) I am skeptical of this source, but it seems they’ve done their homework. The goal was, as always, benevolent through pity: get more minorities owning homes. The method was as usual to assume that business money is free money, and to force them to lend to people who couldn’t sustain the loans, thus resulting in more minorities out of homes, but now they’re also broke.
While none of us love the idea of an economy dominating us, we need to deal with the fact that some resource — even if only intelligence — will be scarce, and we need to figure out how to divide it up logically. One way is to take care of those who are basically competent, and let everyone else do the best they can, knowing that no one plan will work for every person, group or area.
Obviously, as we’re fond of pointing out at this blog, multiculturalism denies this fact and continually pits ethnic groups against each other, since they can’t coexist and retain their natural traits and cultural values — they get merged into a grey race that seems popular with Christians and liberals. Yet another failing policy in contradiction to this fact has not done anything to alleviate our pluralistic society’s path to failure.
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.
That’s retarded, in the old school sense of “not fully developed.”
We cannot subsidize the confused and less able by forcing the more sensible to cater to them. That’s against natural selection and against common sense, which is that we should invest in our best, not those who are doomed to be an underclass by lack of natural ability, by confused lifestyles, and/or by addictions. This is who always make up the underclass: the dumb, the strung out, the neurotic, etc. Why is this? Because anyone with a modicum of intelligence + hard work can escape this situation. It is not rocket science.
Tuesday, September 23rd, 2008
Even after controlling for variables such as race, income and education levels, a state’s dominant personality turns out to be strongly linked to certain outcomes. Amiable states, like Minnesota, tend to be lower in crime. Dutiful states — an eclectic bunch that includes New Mexico, North Carolina and Utah — produce a disproportionate share of mathematicians. States that rank high in openness to new ideas are quite creative, as measured by per-capita patent production. But they’re also high-crime and a bit aloof. Apparently, Californians don’t much like socializing, the research suggests.
As for high-anxiety states, that group includes not just Type A New York and New Jersey, but also states stressed by poverty, such as West Virginia and Mississippi. As a group, these neurotic states tend to have higher rates of heart disease and lower life expectancy.
Lead researcher Peter Jason Rentfrow, lecturer at the University of Cambridge in England, said he was startled to find such correlations. “That just blew me away,” he said.
“The United States of Mind” by Stephanie Simon
People are shaped by the dominant industries in the state, which introduce the stressors and rewards that define what personality attributes are promoted/demoted.
I wonder if modern society does the same to us, but probably on a lower level… unnatural selection.
Tuesday, September 23rd, 2008
This is Jokela High School Massacre Redux. The media will try to cover this up as just another psycho who pulled a gun at a school, but with incidents like this becoming more common, we can’t fool ourselves any longer: school shootings are a message and a warning to modern society; a disruption not unlike a high-profile hack (a la Sarah Palin’s email), only with human casualties.
More to come as Corrupt.org reports on this most recent schoool shooting.
Corrupt.org post – click here.
Tuesday, September 23rd, 2008
Americans are divided along racial lines but agree that the United States is on the wrong track and the economy is the top priority, according to an opinion poll conducted by USA Today, ABC News and Columbia University released on Tuesday.
Eighty percent of blacks and Hispanics and 76 percent of whites surveyed said the economy should be the next president’s highest priority.
“Majority of Americans say U.S. on wrong track: poll” by Joanne Allen
This article is basically a hit piece on yesterday’s figures which show the US electorate is strongly divided over race, with most white people preferring to remain white and believing that blacks and Hispanics are of lower intelligence and generally create their own problems. This view has not changed among most white people over 30 through the last ten generations.
Of course everyone thinks the economy should be fixed. It’s how we eat, and it’s broken.
Interesting how the different types of flag-waving exist to distract us from fundamental problems: unstable superpower, race/class war, sexual freedom leading to declining population, pollution, nuclear proliferation, dying fish stocks, no plan. All of those are more important than abortion, gun control, and these silly polls.
Tuesday, September 23rd, 2008
According to a 2007 survey commissioned by the National Council on Economic Education, only seven states currently require high school students to receive financial education in the school system. What about the other 43 states?
We need look no further than the daily news headlines about the mortgage meltdown, the stock market crisis, the housing slump, or the rising cost of oil to see how relevant financial literacy is.
We force students to learn trigonometry, yet how many of us ever use it again after graduation? In contrast, how many transactions involving money will we each conduct on a daily basis for the rest of our lives? – “We teach teens trigonometry, why not Money 101?” by Braun Mincher
Of course this author is correct: the modern world is complex enough that we all need whatever education we can get in the ways of its finances.
However, he hasn’t pointed out why we don’t teach financial literacy. It would ruin our pretense that schools are training camps for careers, not for life itself. This is why art classes are sacred, and we try to teach literature to kids with IQs under 110 even though we know it’s gobbledygook to them.
Why don’t we teach kids life literacy? That forces us to admit that our schools are basically vocational training for desk jobs, and for those who fail, another few years before they become full time fry cooks.
Wednesday, September 17th, 2008
A new study links the dangerous, and widely used, chemical with heart disease and diabetes.
BPA is used to line most canned goods, from soups to soft drinks, to prevent corrosion. It helps make sunglasses and compact discs durable. And it strengthens virtually all transparent, light-weight, hard plastic bottles.
Today’s study in the Journal of the American Medical Association, released early to coincide with a US Food and Drug Administration hearing this morning, finds evidence for broader concern in adults.
Researchers led by Iain A. Lang of Peninsula Medical School in Exeter, England, analyzed urine levels of BPA among 1,455 American adults, using data from the National Health and Nutrition Examination Survey 2003-2004. Higher levels of BPA in urine were associated with the form of chest pain called angina, coronary heart disease, heart attacks, and type 2 diabetes.
Feel free to digg and comment on a similar article here.
This is extremely disconcerting, but hardly surprising. Our government and the corporations that have bought it up piece by piece are not concerned with your health. They decided that Canada was jumping the gun when trying to ban BPA earlier in the year, when even they didn’t know the facts.
How does this chemical even get past our FDA? Because our FDA isn’t made up of an army of altruistic scientists looking out for the health of Americans, sadly enough. Maybe our tax dollars should go toward creating such an organization though, instead of, say, benefits for people who don’t belong here and a broken welfare system.
Full article on Boston.com here: [+]