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personal finance programs

2010 Ekaina 12

Gabriel Schoenfeld's Necessary Secrets: National Security, the Media and the Rule of Law is published today. I read Schoenfeld's book in galley proof. It is an important and (to borrow an adjective) necessary book. At our invitation, Schoenfeld has prepared a post for Power Line readers adapted from the book's preface. Schoenfeld writes:

I am a New Yorker who was in Manhattan on the morning of September 11, 2001. Like millions of others here, I saw the destruction wrought by al Qaeda firsthand, saw the dust-covered survivors trudging northward, breathed the smoke from the smoldering rubble and felt it sting my eyes. That afternoon, after the trek home to my family in Brooklyn, seven miles from ground zero, I found a layer of ash on my car. What was in the ash? Along with pulverized concrete, glass, and steel, did it contain the remains of firefighters and office workers turned to dust? That was just one of the many questions coursing through my brain on the evening of the day that war came to my city. I was again in Manhattan on March 11, 2004, the day that Islamic terrorists bombed the Madrid transit system, killing 191 people and maiming more than 1,700. And I was in Manhattan once again on July 7, 2005, when suicide bombers struck the London transit system, killing 52 and wounding hundreds. Like millions of others, I ride the New York City subways daily. So do two of my three daughters.

It was in light of this history and these circumstances, a personal history and personal circumstances in no way unique to me, that I was incensed by the publication in the New York Times of a series of stories in 2005 and 2006 compromising some of the secret counterterrorism programs that the U.S. government had initiated to avert a repetition of such terrible catastrophes. But along with outrage, I was intensely curious about the legal regime that permitted, or appeared to permit, this kind of tell-all-and-damn-the-consequences journalism. This book is an outgrowth of my impassioned curiosity.

The disclosure of wartime secrets and the role of the press in protecting or disclosing them is a subject both important and complex, pitting our most cherished values against one another and bringing key institutions of democratic governance into collision. In exploring this terrain I have been drawn into the broader task of constructing a counternarrative to the standard history of free expression in America, which, as I have discovered, has ossified into orthodoxy. Its adherents have fallen into the trap described by Herbert Butterfield in The Whig Interpretation of History, in which the historian stands on the summit of the present and peers down upon the past to affirm and reaffirm his own political convictions, a mode of mountaineering that obscures a proper view of history's slopes.

Although my attempt at historical correction leaves me sharply critical of the recent conduct of the New York Times and the First Amendment absolutism that underpins it, my book is not intended as a prosecutor's brief. The problem of governmental secrecy has become a burning issue in American political life and cries out for historically informed analysis. It is my hope that a fuller understanding of our past can help us skirt some self-imposed perils and return us to a proper balance between the exigencies of national defense and the blessings of our cherished liberty.

Here let me reiterate what I wrote last week about Schoenfeld's book. Schoenfeld's book does something that, to my knowledge, hasn't been done before. It provides an unexpurgated account of the media's disclosure of highly classified national security information, some of which — such as the James Risen/Eric Lichtblau New York Times story blowing the NSA al-Qaeda eavesdropping program, and the Risen/Lichtblau story blowing the SWIFT terrorist finance tracking program — has violated the espionage laws of the United States and done great damage to American national security. Unfortunately, such acts of espionage will land you a Pulitzer Prize rather than time in the clink.

Alarmed into reflection and research by Risen and Lichtblau, Schoenfeld investigates the conflict between free expression and national security in American history. The standard legal history presents an unfolding story of unfettered freedom; Schoenfeld finds the standard legal history wanting. Schoenfeld is a model of tact in formulating the problem with the standard legal history: “Major histories of First Amendment law prefer overwhelmingly to argue by omission, with the result that they conceal as much as they reveal.”

Schoenfeld cites Geoffrey Stone's Perilous Times: Free Speech in Wartime from the Sedition Act of 1798 to the War on Terrorism as a prime purveyor of the standard legal history that he now seeks to revise. Stone is the Edward H. Levi Distinguished Service Professor at the University of Chicago Law School.

Schoenfeld notes that Stone's book has been hailed as “a masterpiece of constitutional history” by no less a figure than Elena Kagan. “Yet this 'comprehensive' tome,” Schoenfeld writes, “fails even to mention episodes that cut against its thesis, such as the so-called Black Chamber affair in the 1930s, the nearly catastrophic Chicago Tribune leaks during World War II, and an array of cases from Marchetti to Snepp in which the federal government has gone to court, successfully, to rein in the printing presses to protect national security secrecy in times of both war and peace.” Among other things, Schoenfeld's book thus fills in some large holes in the standard history.

Fresh off the heels of our story about Rand Paul’s new campaign manager and the Campaign for Liberty, come questions raised after additional research.

Just a few days ago Rand Paul criticized President Barack Obama for suggesting BP be held accountable for its actions in the Gulf of Mexico oil spill. Specifically, Paul said it was un-American to criticize the company.

So. Was Rand Paul speaking with the interests of the American people at heart? Or was he speaking for his own and familial interests?

Here’s why I ask:

Andy LeBlanc, Rand Paul’s brother-in-law, is the finance leader for the Wire & Cable division at Dow. He’s married to Rand’s sister, Dr. Joy Paul-LeBlanc. His bio on the Dow website caught my attention:

In Mr. Leblanc’s previous role, he provided business finance support for the VERSENEÒ chelating agents, Quaternaries, and DAXAD/Glycine value centers.  In this role he participated in three separate strategy developments, a competitive mapping exercise and the divestiture of the DAXAD/Glycine business.

Chelating agents. What the heck are chelating agents?

According to Dow, they’re used in “several operations in the drilling, production, and recovery of oil. They can prevent plugging caused by iron precipitation during stimulation and fracturing.” They’re also used for scale removal and prevention on well casings and can prevent scaling in boilers used for enhanced oil recovery steam flooding.

Raises lots of questions… like whether or not those chelating agents could have been used in the well/rig/equipment involved in the Gulf disaster. Were they used? Are they used? Does Dow have a business relationship of any sort with BP or the company that owns the rig BP was leasing?

And for the record: there are direct ties to that particular oil rig and Dow. The Vice President and Chief Compliance Officer of the company that owns it – Transocean – is Michael Munro. Take a look at his bio:

Mr. Munro has extensive experience leading global compliance programs. Prior to joining Transocean as Chief Compliance Officer and Associate General Counsel in 2008, Mr. Munro served as Global Director of Ethics and Compliance at Baker Hughes, Director of Compliance and Associate General Counsel at the Bristow Group, and in various roles in his 17 years at Dow Chemical, including Deputy Director, Global Ethics and Compliance; Managing Counsel, International Trade and Logistics; Corporate Employment and Labor Counsel; Corporate M&A/Finance Counsel and Labor Relations Manager, North America. 

17 years at Dow Chemical. Now you know why I’ve got questions.

Additionally, Rand Paul’s brother, Ronnie, works for Dow. Ronnie’s also a member of Rand Paul’s Alchemy, LLC (more on Alchemy here and here). Which begs the question of whether or not Rand himself is directly benefiting from his attack on Obama.

More – Is Alchemy, which receives “royalties,” receiving oil royalties? Could that also be a motivator? What about the Campaign For Liberty? Is that organization invested in oil? And beyond the income Rand received from Alchemy on his PFD, how much was paid to his brother and to his dad, who didn’t report the company on his PFD?

One needs to know the answers to these questions before we can truly discover whether or not Rand Paul was speaking honestly or for his family’s personal financial gain.

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about internet marketing

2010 Ekaina 10

I hesitate to even use the term "Internet marketing" because of how sullied it is by affiliate marketing, pyramid schemes, and keyword stuffers. This question from last week — specifically the comments by jeb, acoutu, and fremen — begins to touch on what I'm talking about. I don't want any of that junk.

I'm much more interested in learning how the fundamental principles of marketing that go WAY back apply to the web today. I'm interested in learning how to set up and read into analytics data, what legitimate techniques in SEO work, how to test your sites and optimize them for your readers/customers, etc, etc. I want to know how customers interact with content and with products. I want to know what it means to write well for the web.

What books, websites, and other resources should I be looking at? There is the obvious Godin, but I'm also interested in learning technologies as well as marketing philosophy. And again, I don't want any black-hat or even questionably legitimate stuff. I'm not doing this to make money, just to teach myself how to drive traffic and satisfy customers in 100% honest ways. (And yes, I know: "build good content first.")

Any advice you can throw my way would be appreciated.

If you’re seeking a job in social media, we’d like to help out. For starters, Mashable’sMashable Job Lists section gathers together all of our resource lists, how-tos and expert guides to help you get hired. In particular, you might want to see our articles on How to Leverage Social Media for Career Success and How to Find a Job on Twitter.

But we’d like to help in a more direct way, too. Mashable’s job boards are a place for socially-savvy companies to find people like you. This week and every week, Mashable features its coveted job board listings for a variety of positions in the web, social media space and beyond. Have a look at what’s good and new on our job boards:

Mashable Job Board Listings

Sales, High Tech at Organic Motion Inc. in New York, NY.

Direct Sales position, selling our cutting edge technology – the coolest marker-less human motion technology software.

Read more about this opportunity here.

Senior Director of Marketing at a major record label in New York, NY.

The Sr. Director, Marketing is responsible for overseeing all aspects of marketing for assigned artists and for coordinating the efforts of the label to ensure the consistency of imaging between artists and their music.

Read more about this opportunity here.

Product Manager at Razoo, LLC in Washington DC.

Razoo.com is seeking for a Product Manager to develop our platform to become the Amazon.com of giving.

Read more about this opportunity here.

Web Strategist at Razoo, LLC in Washington DC.

Razoo is looking for a Web Strategist to develop our platform to become the Amazon.com of giving.

Read more about this opportunity here.

VP of Sales at Razoo, LLC in Washington DC.

Razoo is looking for VP Sales to develop, own and execute a sales strategy.

Read more about this opportunity here.

Key Account Manager at Razoo, LLC in Washington DC.

Razoo.com is looking for a Key Account Manager to provide end-to-end account management services for our existing and newly acquired customers/accounts.

Read more about this opportunity here.

Writer and Social Media Specialist at Razoo in Washington DC.

 Razoo.com is seeking a writer with marketing and social media expertise.

Read more about this opportunity here.

Senior Flash Engineer at Synacor in Los Angeles, CA.

Synacor is looking for a Senior Flash Engineer to assist with solving unique media publishing requirements.

Read more about this opportunity here.

Community Marketing Manager at Isobar North America in San Francisco, CA.

We’re looking for someone with proven skills in community management who is engaging, will act as the voice of the brand and be responsible for community recruiting and management of all outward-facing program communications.

Read more about this opportunity here.

GoogleGoogle: Software Engineer, YouTubeYouTube at in Mountain View, CA.

You are a software engineer who can write server-side code for web-based applications, for both internal and external use.

Read more about this opportunity here.

PHP Developer at Synacor in Los Angeles, CA.

We are seeking an Engineer that has experience with LINUXLinux and PHPPHP, JSP, ASP, or other language used for building web based applications.

Read more about this opportunity here.

Engineering Manager at Synacor in Los Angeles, CA.

We are seeking an Engineering Manager to direct the development, creation and modification of computer applications software and specialized utility programs.

Read more about this opportunity here.

Director of Engineering at Synacor in Los Angeles, CA.

We are seeking a Director of Engineering who will be responsible for leading a team of InternetInternet developers and architects in a fast-paced and quickly growing company.

Read more about this opportunity here.

Senior Engineer at Synacor in Los Angeles, CA.

We are seeking a Senior Engineer that has experience with LINUX and PHP, JSP, ASP, or other language used for building web based applications.

Read more about this opportunity here.

Media Manager at Goldin Solutions in New York, NY.

We seek a media manager to oversee a combination of public relations and online influence campaigns for clients of a boutique communications firm that specializes in critical moments, new initiatives and strategic public relations.

Read more about this opportunity here.

Senior Social Media Marketing Specialist at Infuse Creative in Santa Monica, CA.

A Senior Social Media Marketing Specialist works with our search marketing and optimization senior leads and teams as well as client agencies, support people and in some cases the clients themselves, to help us help our clients

Read more about this opportunity here.

Outreach Innovator at in Arlington, VA.

Ashoka is currently seeking an Outreach Innovator to define and implement a comprehensive outreach strategy with our Marketing, Development and Executive Office teams.

Read more about this opportunity here.

Program Associate at in Arlington, VA.

Ashoka is currently seeking a highly qualified Application/Platform Manager to help move forward an exciting new Integrated Technology Initiative throughout the organization.

Read more about this opportunity here.

Junior Web Developer at Media Refined in Brooklyn, NY.

This is a full-time position for Junior Web Developer / Designer.

Read more about this opportunity here.

Account Strategist at Electric Artists in New York, NY.

This is an outstanding opportunity for an accomplished digital professional with strong thought leadership and relationship skills to have a fundamental and substantial impact on the digital presence of leading global brands.

Read more about this opportunity here.

Digital Strategist at Magnani Caruso Dutton in New York, NY.

We currently seek an experienced Digital Strategist on a contract or full-time basis to provide and guide Internet strategy recommendations.

Read more about this opportunity here.

Social Media Manager at American Eagle Outfitters in Pittsburgh, PA.

Own the strategy, scaling and execution of social media across three brands: American Eagle, Aerie and 77Kids.

Read more about this opportunity here.

Marketing Strategy Manager at Magnani Caruso Dutton in New York, NY.

We currently seek a Marketing Research Manager to join our staff on a full-time basis to work with our Account Services and Strategy teams.

Read more about this opportunity here.

Senior Engineer at Buddy Media in New York, NY.

Buddy Media is looking for experienced Senior Engineer who can thrive in a dynamic and fast-paced environment while supporting all client initiatives.

Read more about this opportunity here.

Online Community Manager at Affinitive in .

We are looking for a passionate, enthusiastic and creative *full-time* Community Manager to handle the day-to-day consumer-facing operations of WOM and social media-driven community marketing programs for our clients.

Read more about this opportunity here.

Product Manager at Synacor in Buffalo, NY.

We are seeking a Product Manager, Sales and Promotion Management (SPM# who will understand the current and prospective customer needs and then translate the needs into a product strategy and vision working along with the executive team.

Read more about this opportunity here.

Assistant Director of New Media at NCAA in Indianapolis, IN.

We currently seek a highly motivated, respectful, energetic professional to join the NCAA national office staff in Indianapolis, Indiana as an Assistant Director of New Media to manage & execute the national office’s social media strategies and policies

Read more about this opportunity here.

Group Director at PainePR in New York, NY.

Seeking Group Director candidate who will oversee management functions for the social engagement team at PainePR and serve as a senior digital strategist, WOM expert and social media planning counselor for all of the agency’s clients.

Read more about this opportunity here.

Senior Engineer at Synacor in Buffalo, NY.

We are seeking a temporary Senior Engineer* that has experience with LINUX and PHP, JSP, ASP, or other language used for building web based applications.

Read more about this opportunity here.

General Assistant at CARA Charity in Astoria, NY.

We are looking forward to employ matured and experienced individuals from different fields working with us on good pay.

Read more about this opportunity here.

Director of Product Management at LimeWire in New York, NY.

LimeWire is seeking an exceptional Director of Product Management.

Read more about this opportunity here.

Web Content Producer at Media Refined Inc. in New York.

We are looking for an exceptionally intelligent, talented and enthusiastic Web Producer to provide support for the company’s suite of content-rich properties. You would be reporting to the Director of Publishing.

Read more about this opportunity here.

Strategic Planning Director at Draftfcb in Chicago, IL.

We look for people who can help turn innovative thinking into inspired creative that solves real business problems.

Read more about this opportunity here.

OptINNow Partner Speicalist at Opportunity International in Lisle, IL.

Opportunity International is increasing its focus on leveraging the web to increase awareness and raise support for its mission of helping the poor lift themselves out of poverty

Read more about this opportunity here.

Lead Groovy/Grails Developer at Quality Bicycle Products in Europe.

Are you ready to join the eCommerce team at Quality Bicycle Products as we build web applications for the the largest distributor of bicycle parts and accessories in the bicycle industry?

Read more about this opportunity here.

Online Communications Manager at Interfaith Youth Core in Chicago, IL.

The Communications program seeks to give voice to the interfaith movement and transform the public discourse about religion.

Read more about this opportunity here.

Social and Digital Media Marketing Manager at The Glover Park Group in Washington DC.

Ideal candidate is an energetic, creative multi-tasker with editorial and business acumen, able to follow and translate digital media trends into actionable, measurable solutions for multiple audiences.

Read more about this opportunity here.

Associate Account Executives at Mr Youth in New York, NY.

Associate Account Executives will assist supervisors with background research and program development, perform outreach to target demos and support the overall execution of diverse projects for key clients.

Read more about this opportunity here.

Community Social Manager at Premier Farnell in Singapore.

Develop, lead and execute the social media strategy for the community and Premier Farnell brands

Read more about this opportunity here.

Social Media Strategist at Mr Youth in New York, NY.

The Social Media Strategist will play a key role in helping drive client strategy throughout new business pitches to both current and new clients, focused around word-of-mouth, social interactive and experiential.

Read more about this opportunity here.

Social Media Manager at The Stationary Studio in Buffalo Grove, IL.

The Social Media Manager’s responsibility will be to integrate all uses of social media to further The Stationery Studio’s larger business goals.

Read more about this opportunity here.

Product Manager at Synacor in Buffalo, NY.

We are seeking a Product Manager, Email who will understand the current and prospective customer needs and then translate the needs into a product strategy and vision working along with the executive team.

Read more about this opportunity here.

Web Content Strategist/Information Architect at TMG in Washington DC.

TMG, based in Washington, D.C. and one of the country’s leading custom-media firms, is seeking a freelance/contract Web Content Strategist/Information Architect to support our web team.

Read more about this opportunity here.

Copywriter at Media Boost in San Mateo, CA.

We are looking for individuals with a “can-be-done” approach that are passionate about Internet marketing to join an exciting venture.

Read more about this opportunity here.

Associate User Experience Designer at Buddy Media in New York, NY.

The Associate User Experience Designers will be responsible for assisting with the planning and design of Facebook pages from the perspectives of: User Interface, Usability, Social Interaction, Product Integration and Graphic Design

Read more about this opportunity here.

Interactive/Search Engine Marketing Coordinator at The Cyphers Agency in Annapolis, MD.

We’re looking for a web-savvy individual willing to grow in the Search Engine field.

Read more about this opportunity here.

Account Executive at RJW Collective in New York, NY.

We are rigorously searching for an Account Executive to join out team at RJW Collective.

Read more about this opportunity here.

Flash Developer at Bean Creative in Alexandria, VA.

YOU: Killer interactive designer/developer who uses design, Flash and ActionscriptActionScript to blow people away with interactive experiences.

Read more about this opportunity here.

Mashable has a variety of web 2.0, application development, business development and social networking job opportunities available. Check them out at Mashable’s Job Board.

Got a job posting to share with our readers? Post a job to Mashable today ($99 for a 30 day listing) and get it highlighted every week on Mashable.com (in addition to exposure all day every day in the Mashable marketplace).


For more social media coverage, follow Mashable Social Media on TwitterTwitter or become a fan on FacebookFacebook


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If you are new to online business then you have to study hard to get the form of it…to become successful in this type of business, experts over time have experimented with different ideas and given some tips to help you. Now let's face a question. What actually is Internet marketing? Internet marketing or Web marketing is about promoting, selling and buying of goods services in Internet. Then what are Internet marketing tips? These are some tips carefully tried and tested by experts to help you improve your web business.

To help you get started I will give you 5 Internet marketing tips that will do wonders to your online business.

The 5 Internet marketing tips are:

1) Create your Web site. This is perhaps one of the demanding works of them all. First draw a blueprint of the Web site. Unless your mind is clear you can't make it good. Unless you know what to do you can't do it. Now create the Web site from the blueprint. There are many tools in the market for this, use anyone. Simpler it is the better for you. Ask yourself if you visited this Web site whether you would like it. Ask your friends to be critics. Clearly design the navigability and functions of the Web site. Put a sitemap to help the visitor to understand your site.

2) Make some original and rich content. Better the content better it is for your Web business. You can hire some professional content writers for the job. The contents should be good and relevant. And make one thing very clear; you must add new contents to the site on a regular basis.

3) Now, put your Web site in the Internet. For this you would need a Web host. It's easy to find one because there are so many of them. Choose the best one that will serve your purpose. You must choose it carefully but intelligently. Then give your site a good domain name. After this, you must make sure that the search engines show you and that also towards the beginning…this can be done by good Search Engine Optimization (SEO). You should choose the keywords for each page carefully. You have to be creative in this otherwise you can't keep up to the competition. Out of the entire 5 Internet marketing tips perhaps this is the most important.

4) If you have a Web site and no one visits it, then what's the gain? So you have to take the pain to popularize it. You can do offline popularization but doing it online is very important. You have to invite others to your Web site; you can do it by posting it in others blogs or discussing it in some forum discussions or advertising it in other sites or sending e-mails. You have to think how you can do it.

5) Does your site have some services that can hold back your customers? Do you have enough facility for the visitors so that they will again comeback to your site? You can give some discounts, send news letters, let them know about your future plans, you can do many things just be creative. You can also give some freebies to the new users to keep them glued.

Now that you have read all the 5 Internet marketing tips you are probably more than ready to do magical improvements to your online business. Just be creative and keep it simple and you will succeed.

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personal finances help

2010 Ekaina 10

-Mid-30s male. Single, no real dependencies or major obligations.
-Decent career as programmer, but I'm bored and lack passion.
-No savings other than some retirement (401K). About $40k in debt (blech). But mostly low-interest (some of that is CC I'm paying off slower than I should). I'd like my finances to be better but they're not completely awful–I'm on top of things and paying off debt, just slowly. While I used to be less so, at this point I'm generally a pretty responsible guy.
-Broke up with woman after long relationship a few years ago and haven't bothered to try again. Relationships scare me now, since I don't want marriage, kids, etc. and don't know why, and it seems everyone my age does. I do crave contact and, you know, sex, and it's not like I'm super unattractive, but it seems too loaded and difficult to actually try even going on a date (which I haven't done in a year). It's easier to be alone, but I'd be lying if I said I was happy with this, and I've now developed this fear I'll be alone the rest of my life. I also have started feeling misanthropic when I see couples being couple-y or hear people talking about their dating/engagement/wedding/child plans, it makes me want to scream and tell them they are stupid robots. Methinks this may be a wee bit unhealthy.
-I really don't like living in the (northeast U.S.) city I live in. I want to move to another country, preferably somewhere warm, low cost of living, interesting, where English isn't spoken (very much), but where I could maybe find a job regardless. Thailand would be my ideal, for example, or somewhere else in Southeast Asia. I just like that area, been there a few times. Or maybe Latin America. I want to get out and see the world, experience it in a different way.

My current job would be some people's dream job–it would have been mine if you'd asked me a few years ago: part-time, pretty good pay, interesting work which is basically like "think of cool things and do them." Prestigious organization. Lots of autonomy and flexibility, positive co-workers, great really nice boss, good environment and benefits. However, I'm ambivalent about it. BUT, I dread finding another job that is any worse that this, even though I have some itch to do something else that is actually satisfying. I think I've been burnt on tech for years now and haven't addressed it. I'm just not sure what I should be doing, I'm also afraid of losing too much income, and maybe this is the crux of the matter. I can't enjoy this (pretty great) job and I can't move on because of fear. People I tell about my job are always impressed and inside I'm like "whatever…"

I think that the colder climate and lack of friends and lack of love and lack of satisfaction in my work is killing me. I have no real interest in making new friends because I want to leave, and the friends I do have here–while great folks and important to me–are all married, with kids, have bought a house, etc. I have none of these things and for better or for worse no ambition to get any of them. In and of itself this makes me feel kinda like I don't fit in and can't relate, but it's compounded by not having a clue of what I *do* actually want. I have short term goals, like various hobbies, which keep me entertained and busy–it's not like I'm sitting around watching TV all the time–but if you asked me what my passion was and what I wanted to do for the rest of my life, I would have no idea.

I'm in therapy now and have been for a while. I feel depressed sometimes, fine a lot of the time, but stuck. I read my own question and I think I'm so privileged and whiny, I should shut up. But something needs to change. I don't think depression is my problem but a symptom…it's been like this for too long. Honestly, a lot of the time I feel useless, like a worthless man-child who has no point to his existence, and I feel dissociated a lot of the time, it's hard to concentrate at work. When I was younger I never felt like I didn't have any ambitions or dreams, but now it seems I don't. I'm not sure when that happened but there it is. The worst, most fucked up thing about all of this is that I think on some level I'm starting to "thrive" on the self-pity…I've started feeling addicted to feeling hopeless and bad about myself. This makes me disgusted and impatient with myself which is not very helpful either!

My question is simple, MeFites: what do I do? Thank you for any help you can provide, it's much appreciated.

(CNN) - New York State Attorney General Andrew Cuomo formally announced Saturday that he's running for governor.

“My campaign is this simple: I represent the people of the great state of New York and we want our government back,” says Cuomo, in a video released by his campaign. Cuomo was scheduled to hold a formal campaign kick off event Saturday afternoon in New York City.

New York's current governor, fellow Democrat David Paterson, announced in March that he would not run this year for a full term in office. Paterson became governor in 2008 after Eliot Spitzer resigned in disgrace following a sex scandal.

Cuomo, the son of former three-term New York Gov. Mario Cuomo, has been widely expected for many months to make a bid for Paterson's job.

“Our state government in Albany is disreputable and discredited. New York State is upside down and backwards. High taxes and low performance. The New York State government was at one time a national model. Now unfortunately it's a national disgrace,” adds Cuomo. “We must use this moment to reorganize the government, reform its ethics, and restructure its finances to solve the problems we have ignored for too long.”

Polls in the Empire State indicate that New York State voters overwhelming support Cuomo for his work as the state's top law enforcement official. Surveys also suggest that Cuomo holds very large leads over possible Republican contenders in hypothetical general election matchups. Former Rep. Rick Lazio, Suffolk County Executive Steve Levy - a Democrat turned Republican - and Buffalo businessman Carl Paladino, are among the leading contenders for the GOP gubernatorial nomination. Cuomo also holds a large fundraising lead over his opponents.

Cuomo's announcement comes three days before New York State Democrats hold their nominating convention.

The 52-year-old Cuomo was secretary of Housing and Urban Development in President Bill Clinton's second term. He unsuccessfully ran for the Democratic gubernatorial nomination in New York in 2002, which was followed by a messy public divorce from his wife, Kerry Kennedy. Cuomo bounced back in 2006 to win the state's attorney general seat.

In his video, Cuomo spoke openly about his difficult times earlier this decade: “A few years ago I ran for governor and I lost and I then went through a very difficult time in my personal life. It was a public humiliation. People said it was over for me. They said my public service career was finished. There
was no way that I could come back. Some days even I thought they were right. Well it wasn't easy, but I worked hard, and with the help of true friends and family I built back. And with the compassion and empathy of New Yorkers you gave me a second chance.”

In the past two years Cuomo has been back in the national spotlight, as his office has investigated corruption on Wall Street.

Follow Paul Steinhauser on Twitter: @psteinhausercnn

online stock trading

How to Manage Your <b>News</b> Consumption in the Real-Time Web Era

Is the Real-Time Web making news consumption better or worse? In a Wired magazine article, book author Nicholas Carr argues that the Internet is reducing our ability to …

FBN's New Advertising Strategy Features Fox <b>News</b> Stars | Mediaite

In addition to the various on-air changes Fox Business Network announced yesterday, the network has a new advertising strategy that hits on a couple key points. First, it uses the star power of Fox News, a departure from previous ads …

Times Company Objects to <b>News</b>-Reader App - Bits Blog - NYTimes.com

After a complaint from The New York Times Company, Apple removed a popular iPad news-reading application from its App Store. It was later reinstated.

Facing Codependence by kateraidt

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foreclosure listings

2010 Ekaina 7

From a report emailed to me over the weekend:

At the core of the foreclosure-prevention strategy is ignoring delinquencies. The percentage of older delinquent loans not yet in foreclosure is startling: 60% have at least 12 missed payments, and 35% have at least 18 missed payments. Add to this that three-fourths of delinquent loans are not in foreclosure, and we see that hidden losses well exceed those in the open.

Uh, they're not being “ignored” - this is systemic and intentional fraud.

Remember, these loans are either being held by someone or securitized into some sort of package.  When you have a loan that has no chance of “curing” (to cure a loan with 12 missed payments the borrower would have to come up with the 12 payments to bring it current!) that loan should be carried at its recovery value - that is, the value of the collateral that can be seized and sold, LESS the cost of eviction, remediation and resale.

Does anyone recall all the entries I've written about getting competent legal and accounting (tax) advice before proceeding with any sort of action regarding walking away, short sales or foreclosure?  This same report says:

Many homeowners would be better off going into foreclosure, than doing a short sale. Short sales are fraught with potential legal, credit, and complicated tax issues. For example, someone who refinanced could owe capital gains taxes, which are not forgiven under federal and California temporary debt relief acts. In the foreclosure route, borrowers can live in their house mortgage-free for at least one year, maybe two years. Both short sales and foreclosures are reported as “account not paid in full”, and are equally damaging to a credit score. An exception exists if short sellers can negotiate better terms with their lender on recourse liens. The other possible advantage to a short sale is the ability to get a mortgage again in 2 years (Fannie, Freddie), rather than having to wait 3-5 years after a foreclosure.

Homeowners pursue short sales, unaware of the problems they are creating for themselves. Their agents never warned them of deficiencies, ruined credit, taxes due on forgiven debt, or legal consequences. Agents made flowery promises to get listings, and now the lawsuits are starting.

No, really?  You mean that people in the real estate business are less than truthful with their clients?  That would never, ever happen with licensed professionals, right?

Then there's this, which I also have written about:

Another gray area is junior lien holders asking buyers for additional payments. As the market improved, juniors were no longer content with $3k thrown to them from the senior. They now want 10% of the junior note. They argue the additional payment is legal practice because the payment is made to escrow and appears on the HUD-1. However, they are actually hoping the senior lien holder does not read the HUD-1. The California Association of REALTORS® position is that all payments made by the buyer or agent in the purchase of a short sale must be part of the written short sale agreement signed by the senior lien holder. Concealing payments from seniors is loan fraud, and omitting these payments from the HUD-1 closing statement may violate RESPA. Some seniors reinstate their security interests because of the fraud. It’s surprising that the biggest banks are responding, when pressed on the fraud of their request, “just do it if you want the deal done”.

Right.  Big banks saying “just do it”?  Why would they do that?  Is it so they can re-instate their security interests?  No, nobody would ever do anything that hoses the consumer, would they?  Naw…..

Few people understand that the bank that gave them their mortgage turned around and sold it into a mortgage bond, and the “bank” on their mortgage statement is actually a servicer.

Actually, it's a bit more complicated than that.

As I've been working on (and writing on) for a long time, and as a few attorneys are now starting to understand, the entirety of this process was corrupted and is rife with outright fraud from top to bottom.

Let's go through a (partial) list of the problems:

  • From a report emailed to me over the weekend:

    At the core of the foreclosure-prevention strategy is ignoring delinquencies. The percentage of older delinquent loans not yet in foreclosure is startling: 60% have at least 12 missed payments, and 35% have at least 18 missed payments. Add to this that three-fourths of delinquent loans are not in foreclosure, and we see that hidden losses well exceed those in the open.

    Uh, they're not being “ignored” - this is systemic and intentional fraud.

    Remember, these loans are either being held by someone or securitized into some sort of package.  When you have a loan that has no chance of “curing” (to cure a loan with 12 missed payments the borrower would have to come up with the 12 payments to bring it current!) that loan should be carried at its recovery value - that is, the value of the collateral that can be seized and sold, LESS the cost of eviction, remediation and resale.

    Does anyone recall all the entries I've written about getting competent legal and accounting (tax) advice before proceeding with any sort of action regarding walking away, short sales or foreclosure?  This same report says:

    Many homeowners would be better off going into foreclosure, than doing a short sale. Short sales are fraught with potential legal, credit, and complicated tax issues. For example, someone who refinanced could owe capital gains taxes, which are not forgiven under federal and California temporary debt relief acts. In the foreclosure route, borrowers can live in their house mortgage-free for at least one year, maybe two years. Both short sales and foreclosures are reported as “account not paid in full”, and are equally damaging to a credit score. An exception exists if short sellers can negotiate better terms with their lender on recourse liens. The other possible advantage to a short sale is the ability to get a mortgage again in 2 years (Fannie, Freddie), rather than having to wait 3-5 years after a foreclosure.

    Homeowners pursue short sales, unaware of the problems they are creating for themselves. Their agents never warned them of deficiencies, ruined credit, taxes due on forgiven debt, or legal consequences. Agents made flowery promises to get listings, and now the lawsuits are starting.

    No, really?  You mean that people in the real estate business are less than truthful with their clients?  That would never, ever happen with licensed professionals, right?

    Then there's this, which I also have written about:

    Another gray area is junior lien holders asking buyers for additional payments. As the market improved, juniors were no longer content with $3k thrown to them from the senior. They now want 10% of the junior note. They argue the additional payment is legal practice because the payment is made to escrow and appears on the HUD-1. However, they are actually hoping the senior lien holder does not read the HUD-1. The California Association of REALTORS® position is that all payments made by the buyer or agent in the purchase of a short sale must be part of the written short sale agreement signed by the senior lien holder. Concealing payments from seniors is loan fraud, and omitting these payments from the HUD-1 closing statement may violate RESPA. Some seniors reinstate their security interests because of the fraud. It’s surprising that the biggest banks are responding, when pressed on the fraud of their request, “just do it if you want the deal done”.

    Right.  Big banks saying “just do it”?  Why would they do that?  Is it so they can re-instate their security interests?  No, nobody would ever do anything that hoses the consumer, would they?  Naw…..

    Few people understand that the bank that gave them their mortgage turned around and sold it into a mortgage bond, and the “bank” on their mortgage statement is actually a servicer.

    Actually, it's a bit more complicated than that.

    As I've been working on (and writing on) for a long time, and as a few attorneys are now starting to understand, the entirety of this process was corrupted and is rife with outright fraud from top to bottom.

    Let's go through a (partial) list of the problems:

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2010 Ekaina 6

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Journalism Career

2010 Maiatza 29

I'm a saddened by the for sale sign that's been put up at Newsweek. For what it's worth, I hope they find a buyer who can keep the magazine alive. There are bunch of good people working there, and as the magazine's recent cover on Afghanistan demonstrated, Newsweek still has the capacity to put out really strong journalism.

But since I need to get a bit of traffic to my site this month, I'm going to weigh in with my own personal view. What I think went wrong, and why.

Disclosures: I'm biased in ways I probably don't even realize. I still to this day feel a strong emotional investment/connection to the magazine. I'm also in Kabul, overtired and far removed from the New York media world, so take that into consideration when/if you read the following, and please excuse any hint of axe grinding.

I started my career in journalism at Newsweek in the summer of 2002. I loved working there. Over the next six years, the magazine gave me incredible opportunities as a journalist, for which I will always be grateful.

That being said, I left the magazine in the summer of 2008. There were personal reasons for my choice, but I also wasn't too keen on the direction the magazine was taking — more opinion, less reporting. The waves of layoffs and buyouts hitting Newsweek were sending what I felt was a fairly troubling message: the moment an employee got too expensive or too old, you were shown the door. The era of the 20-year career at Newsweek had ended.

Over the past 18 months, I watched as the many talented friends I still had at the magazine got laid off, leave to other jobs, or quit journalism altogether. What was once a robust corps of some 25 foreign correspondents dwindled to less than five, which accompanied the closing down of almost all the magazine's foreign bureaus. All and all, a pretty sorry spectacle, and the way they treated folks who'd served them loyally over the years was pretty shabby, which I suppose is to be expected from any corporate entity, but nonetheless lame.

So three main observations.

1) Identity crisis: Even as late as April 2008, I sat in at a meeting with top brass where they claimed to still be committed to actual reporting. Reporting is/was/and always will be Newsweek's strength. Its biggest stories are rarely the blustery opinion pieces, but its scoops, exclusives, and thorough pieces of journalism/analysis. (Think of great and inspiring reporters like Mike Isikoff, Chris Dickey, Mike Hirsch, Mark Hosenball, or the expensively reported yet popular Newsweek election project, which comes out every four years.) But soon after that meeting, the dreaded Money Men came in, and as Newsweek “insiders” tell me, said that the reporting paradigm was a no go. (Never trust the Money Men! Really, what do they know about journalism? Aren't we supposed to be the experts on that?) In just a few months, the magazine went from a dedicated “mass and class” strategy to an “elite opinion” strategy. Newsweek then wanted “edgy” voices — so the powers that be bragged about getting Christopher Hitchens to write for them… (Hitchens, no offense, was edgy in like 1993.) They tried a bunch of gimmick covers, overexposed guest essayists, and took on a sort of junior National Review editorial tone. (Why Dick Cheney Should Be President etc….)

This decision — to basically abandon reporting — I think sealed the magazine's fate. Maybe it was inevitable, maybe the Newsweek execs had no choice, but it suggested to me that the end was near.

2) The Damned Interwebs: I'm not going to rehash how the Internet is changing journalism yadda yadda. But what I will say is that some at the top in Newsweek, like many others in the media, were inexcusably clueless about the Web until like 2006, probably 2007 (only about a decade or so too late.) Web stories were treated like second-class pieces of work; the prestige was still about getting your stories in the magazine. (Anecdote: I was offered a position to be an associate editor at Newsweek.com — I think this was late 2004 or early 2005. I wasn't allowed to take the job — long story — but I remember one of the top editors telling me that the Web was “a black hole” for my career…) Anyway, there was basically all sorts of confusion, which was never really resolved.

3) Brand Name versus Magazine Brand: Another longtime Newsweek veteran described the magazine's latest incarnation like so: “It's become a vanity press for [NAME REDACTED] and [NAME REDACTED.]” This points to a larger issue. While the management expected even more from their staff, the top people were out running around building up their own brand names, separate from the magazine. Giving speeches, writing books, doing TV shows. This trend was particularly acute over the past two years. (Leading to this charge, in the Daily Beast, of “absentee landlordism.”)

It was certainly the savvy play — leveraging the Newsweek brand to get all sorts of other side gigs so when the plane did crash into the mountain, you could float safely to the ground. I don't even begrudge them for doing it — in my own small way, I probably followed their example. But that kind of behavior didn't really leave a great impression on the staff. It was fairly transparent, and cast doubt on a) the magazine's long-term viability b) undermined any loyalty that one might otherwise have had. If the big guys are out there hustling, why not us?

In conclusion: I hope Newsweek survives, as I really think it could be great again. It'd be a shame if it disappeared.

Cross posted from my blog at True/Slant.

When the phone rings at 1 a.m., I usually ignore it. But early in the morning of March 19, 2009, I awoke to the sound of my cell phone buzzing on the nightstand. It was a call I never expected to get.

Laura Ling and Euna Lee, two of my colleagues at Current TV's documentary series, Vanguard, had been apprehended by North Korean soldiers and taken somewhere inside that black hole of a country. I sat up in bed, trying to absorb and understand what I'd just heard.

This week, Laura is finally speaking at length about her experiences, first on the Oprah Winfrey Show and then on Current in a special, very personal episode of Vanguard.

The story Laura and Euna were working on — about women from North Korea whose lives as refugees were still fraught with danger and fear — hadn't set off major alarms when they set out. Laura was my boss, an accomplished journalist who had reported on stories in some of the most dangerous areas of the world. She had just covered the drug trade in Juarez, Mexico — one of the most dangerous places in the world — and she'd worked extensively on sensitive stories in China.

Euna was an editor who normally worked only in the office, on her first trip as a field producer. Mitch Koss, the producer on the shoot, had an extensive career in journalism. He'd even previously reported on missionaries helping refugees out of North Korea — right in the same area that he, Laura and Euna had headed out to.

When you're out in the field, you never know what may go down. Risk profiles change constantly, and what may at one moment be a perfectly “safe” story can suddenly become risky. Considering where our teams had been in the past, we've always exercised a high degree of caution on the field, constantly weighing the risks and rewards of our every move. Laura and her team were taking precautions, and it didn't seem like a story that required much risk. We had no idea that they would be in a situation where things would spiral out of control so quickly.

That early morning after first getting the news, I braced myself, then called Current's CEO, Joel Hyatt, who quickly relayed the message to the network's chairman, Vice President Al Gore. I then reached out to Laura's and Euna's families. It was frightening and surreal.

Telling the Vanguard team proved difficult in a different way. This is a group of intrepid journalists who regularly put themselves in harm's way to report on stories they feel need to be shared with the world. As much as I couldn't stop thinking about how terrified Laura and Euna must be, I also worried what the implications would be for us — the team Laura had assembled herself. We were in the midst of production on our third season, each story dangerous and difficult in its own unique way.

Mariana van Zeller, another Vanguard correspondent, was on assignment in Sri Lanka, and my first impulse was to talk her into coming home. She was, after all, reporting about terrorists in a war zone. But — and I remember this so clearly — Mariana said that, in spite of the fact that she wanted to be close to us, she couldn't. We had a job to do, an important one.

The weeks and months that Laura and Euna were held captive never became easy. While the pain couldn't compare with what they were suffering in North Korea, or what their families were enduring, everyone at Current was shaken. We had no idea how the North Korean regime would act, except unpredictably. Much of our time was spent gathering around televisions any time a piece of news would trickle out. We struggled through an emotional rollercoaster to maintain Laura's vision for the show and continue our work reporting around the world.

We knew negotiations were taking place far behind the scenes, but we had no idea when to expect a breakthrough. We were grateful to have the support of organizations such as Liberty in North Korea (LINK), which helps spirit North Koreans to freedom, as well as the Committee to Protect Journalists and Reporters without Borders, who fight for journalists' rights and safety around the world.

Occasionally, a glimmer of hope would surface. We attended candlelight vigils, sent care packages and wrote letters. Then we heard about President Bill Clinton's mission to North Korea — and soon after Laura and Euna were finally home.

Vanguard is dedicated to responsible, fearless reporting. Our commitment to this mission is greater than ever before. As we've learned first hand, there are major dangers involved in investigative reporting. But we believe there's an even greater risk in not going after the stories that most need to be told.

“Captive in North Korea,” a special Vanguard episode with Laura Ling, will air on Current TV on May 19 at 10/9c. Watch more from Vanguard here.

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Security video captures woman setting herself on fire while <b>…</b>

By Carol Robinson — The Birmingham News. May 28, 2010, 11:25AM. on fire.JPG A Boaz woman trying to retaliate against the person who repossessed her car got burned in the process. Literally. Authorities say Haleigh Elizabeth Boland, 26, …

Digg Wants to Be the Twitter of <b>News</b>

Digg founder Kevin Rose is pushing forward his first major launch since taking over as CEO and instituting layoffs. Digg version 4, due “very soon,” looks to be a personalized news page that's a combination of Google Reader, …

Fox <b>News</b> Anchor Thinks Bret Michaels' Illness Was A Hoax <b>…</b>

WTF is wrong with them?! Watch the clip (above) to hear what these ignorant Fox news anchors think about Bret Michaels and his miraculous recovery. Stoopid.

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rebuild credit

2010 Maiatza 25

Imagine combining your best and worst week ever into one— welcome to Blippy’s world. This week the site closed a new $11.2 million funding round, got its first picture in the New York Times (leading an article on the new wave of social media sites), and dealt with a true PR nightmare when Google search results revealed the credit card numbers of five users. Although five users represent a teeny tiny fraction of Blippy’s ever-expanding user base, it was the company’s worst fear brought to life. “Five accounts is too many, anything more than zero is unacceptable,” CEO Ashvin Kumar says. “It’s the worst thing that could happen.”
Within the next 24 hours, Blippy is expected to roll out a “go-forward plan” that will likely outline its security policy and assure users that their information is indeed safe with the site. Although Kumar confirms that there has not been a major exodus of users, this could not come soon enough.

Security of course is the one thing that Blippy, a site dependent on users divulging credit card transactions, could not blunder. Maintaining trust is not only critical to scaling up, but to its very survival. So far, the site gets a B- for its handling of the crisis (and I think that may be too generous). To its credit, when the company first heard about the leak on Friday morning, it issued a statement at 10:42 am and immediately reached out to Google. The statement lucidly explained how raw data from credit card transactions was accidently embedded in the HTML source on Blippy’s web pages at some point several months ago (Kumar explained to me that there was an eight-hour window in early February when this bug was active). While a transaction’s raw data string is usually filled with innocuous info about the purchase or the vendor— for a handful of accounts (or more specifically 5) the credit card number was included. Blippy quickly purged the raw data from their HTML codes, but by then, Google had already pulled it into search results.

They win several points here for transparency and swiftly explaining the error, but Blippy should have elaborated on how it missed the leak. Since the vast majority of raw data is benign information, Blippy probably (and understandably) didn’t expect credit card numbers to be visible— but there should have been more nets in place to catch this error or at least an ambitious employee running Google queries to check search results (the search that pulled up the unfortunate data was ” site:blippy.com +’from card’ “, slightly more complex than the typical search but not requiring crazy, jujitsu haxor skills). I expect, or rather hope, Blippy’s upcoming announcement will articulate some of these new preventative measures.

Elsewhere, Blippy wins points for reaching out to affected consumers (the founders personally called the owners of the compromised accounts). But once again, the company loses a few points, for failing to publicly address customer service issues on Friday. In the wake of the NYTimes coverage and the crisis, Blippy’s servers were stressed. For some users, who were looking to close their accounts, that led to error messages and frustration, as evidenced on Twitter:

Blippy should have updated its blog or sent an e-mail to users, warning them that they might encounter issues with deleting their accounts this weekend because of server overload. Instead, there was a pool of disenchanted users worried that Blippy was holding their info hostage and fanning fear on Twitter.  To Blippy’s defense, Kumar says the team has been working through the weekend to handle complaints and has responded to every user that has reached out to them. It’s just too bad those efforts were not properly communicated.  Despite the mistakes, I’m overall impressed with how the founders have navigated their first crisis— Blippy can rebuild and secure the public’s trust. But the founders should know in this game, you don’t get three strikes.

In exchange for inhabiting an island with quaint canals where kayakers, paddlers and opera-singing gondoliers float past million-dollar homes, residents of this Long Beach neighborhood live with the anxiety of knowing that the only thing protecting their property from the ocean is a crumbling sea wall.

"If the sea wall fails, we're in real trouble," said Bob Fletcher, a retired lawyer who has experienced the sinking feeling of spotting ocean water seeping under the floorboards of his Spanish-style home on Rivo Alto Canal.

An engineer recently warned the city that sections of the mile-long concrete sea wall are on the verge of collapse. Long Beach officials are now studying whether to patch up the most threatened walls, as they have for years, or spend more than $9 million to rebuild them.

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Fox <b>News</b> Edited Out Applause from Obama's West Point Speech <b>…</b>

I love Fox News, but removing anything favorable to Obama is lying by omission, and that's not acceptable. With everything Obama is doing to destroy this country, we don't need this crap. We need to keep it more honest than this …

Sony formally reveals Killzone 3 <b>News</b> | PS3 | Eurogamer

Read our Sony formally reveals Killzone 3 News for PlayStation 3.

Great <b>News</b> in Colorado for Ken Buck | RedState

Ken Buck came out of the Republican Assembly this weekend with 77% of the grassroots' vote. That's phenomenal. Today, the news gets even better. Tom Wiens,

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Northeast Reia

2010 Maiatza 25

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Buying Foreclosure

2010 Maiatza 23

Ezra Klein is one of the lefty horde of bloggers the Washington Post has taken on board in an effort to remain relevant. Or get eyeballs on the Internet. Or something. Anyway, he writes mostly on domestic policy. I think that’s a good idea, if his latest offering is any indication.

It is, in a few short graphs, the perfect distillation of the left’s cockeyed take on terrorism, the nature of man, and evil. (I will assume Klein is not a clever comic out to skewer his ilk.) He writes: “The arrested subject of last weekend’s Times Square bomb plot is a homeowner in the midst of foreclosure.” Citing an MSNBC story, he notes that Faisal Shahzad bought a house in 2004 and was foreclosed.” (He leaves out the part that the home was abandoned “months ago.” More on why he actually stopped paying his mortgage later.) And what conclusion does Klein reach?

This guy is like string theory for the media: He brings together the seemingly incompatible stories that drove the past decade. That said, you of course don’t want to speculate on why someone “really” did something. The hearts of men are opaque, and motives are complex. But it’s a reminder that foreclosures generate an enormous amount of misery and anxiety and depression that can tip people into all sorts of dangerous behaviors that don’t make headlines but do ruin lives. And for all that we’ve done to save the financial sector, we’ve not done nearly enough to help struggling homeowners.

Thunk. Where to begin — how about the explanation for why he quit his job, stopped paying his mortgage, and started buying propane tanks, wires, and such? He stopped living a normal life — and paying his mortgage — to become a terrorist and train in Pakistan. Oh, yes. That. (His own paper has a fairly good account of the sequence of events, as does the Wall Street Journal, which notes that he hated Preisdent George W. Bush. I await his column excoriating Keith Olbermann for fomenting violence.)

But the disinclination to accept the obvious — as we saw in the Fort Hood shooting — is strong. “The hearts of men are opaque, and motives are complex,” Klein waxes lyrical. Do we really think a man who travels to Pakistan to get bomb training has an opaque heart? Really, maybe he was upset about global warming. Animal rights?

And the defense lawyer should take note. Klein presents the closing summation for the jury: “It’s a reminder that foreclosures generate an enormous amount of misery and anxiety and depression that can tip people into all sorts of dangerous behaviors that don’t make headlines but do ruin lives.” (Who knew that all those risky Fannie and Freddie loans to uncreditworthy buyers were breeding terrorists?)

This is the mentality that cheers ideas like closing Guantanamo, eschewing enhanced interrogation (if they had captured the suspect and the location of the bomb had been unknown, would the administration have stuck to the Army Field Manual?), Mirandizing terrorists, and tying ourselves in knots to avoid identifying the enemy as Islamic fundamentalists out to butcher Americans. Nothing opaque about that.


There are some naysayers who continue to insist that U.S. real estate and the economy in general is far from recovery. For instance, Robert Shiller, the Yale prof who has made a career out of negativity, recently told The New York Times, “Don't bet the farm on the housing recovery.”

Maybe he and the other doom-and-gloomers are right and we're all going to be living in cardboard boxes soon, but In my close-in, 1,000-house Detroit-area subdivision, there is plenty of evidence to the contrary. For one thing, there are almost no houses for sale. That's right. Here in the foreclosure epicenter, the house up the street from me sold in three days and had three bidders who drove the selling price up about $5,000 from the $175,000 asking price.

The buyers paid about what we paid for a house in this neighborhood 10 years ago – down from what the prices were at the height of the bubble, but Midwestern home prices never went through the roof.

Today's buyers are almost 100% Gen-Xers, couples and singles, with children. In many ways, the same sort of people who have always lived in my 50-year-old neighborhood where kids still walk to well-regarded schools.

The situation is similar in other parts of the country. Housing inventories are considered tight when it would take buyers six months to buy up the backlog. In Denver, there is a 5.7-month supply of homes for sale; Phoenix, 4.5 months; and San Francisco, 3.2 months. reports CNNMoney.com.

All over California, the supply of homes that sell for less than $300,000 is tight, said Leslie Appleton-Young, chief economist for the California Association of Realtors.

In the Pacific Northwest, Lennox Scott, CEO of John L. Scott Real Estate, doesn't believe the end of the tax credits will ease demand. “In lower price ranges, prices will stay fairly stable because we're undersupplied,” said Scott.

The National Association of Realtors announced today that 91 out of 152 metropolitan statistical areas showed higher median existing single-family home prices compared with prices in the first quarter of last year. Of those with higher prices, 29 had double-digit increases.

Gloom can have negative implications. For instance, it apparently drives some people to default on their mortgages, according to a study by University of Arizona Associate Professor Brent White. White studied defaults in which the borrower could have avoided losing his home, but went that route because he owed more than the home is currently worth. White told The Wall Street Journal that deliberate default isn't the result of thoughtful strategizing, but a response to anxiety. He called default “contagious” with people more likely to default if they know others who have done so.

Maybe I'm overly optimistic, but the U.S. Census predicts that every 12 seconds, the U.S. population increases by one person. All those people are going to have to live somewhere. Why not in a comfortable, well-priced home that they call their own? So I'm betting that the housing market will survive and those of us who stick it out and pay our bills will be rewarded – sooner rather than later.

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If you are planning on buying a home in the near future and you are concerned that you won’t have the money to buy the home of your dream then you may want to consider buying a home that is in foreclosure. When you buy a home that is in foreclosure you can often times purchase it for a below-market-value price. This can save you thousands of dollars. However, before you jump into buying a home in foreclosure there are certain steps that you should take to prepare yourself.

How to Prepare Yourself for Buying a Home in Foreclosure

The first thing that you need to do is to learn what properties your county will be putting up for auction. To do this you should go down to your county courthouse and check out the Registry of Impending Foreclosure Sales. You can also subscribe to a third party foreclosure listing service. You may have seen advertisements for this type of company on TV or in the newspaper. The price of a subscription to a foreclosure listing service is generally between $150 and $450 per year.

After you have a list of homes that will be going up for auction your next step is to research the property to determine if it is right for you. This can be a tricky process because many foreclosure auctions won’t let you see the inside of the property before you place your bid. To get an idea of the properties value use the information provided on the home including the number of bedrooms and baths, the property’s general exterior condition, which you can judge by driving by the property, and by retrieving the most recent property tax assessments on the property. Use all of this information to compare the property against other properties in the area and compare prices. You can talk to a local realtor or you can use a home valuation service like HouseValues.com.

When you select a home that you would like to bid on your next step will be to determine how much you want to spend on the house. Usually a good deal on a foreclosed home will be priced at between 70 and 75 percent of a comparable home in the same neighborhood. Use your comparison home prices, your general assessment of the home’s value, the 70-75 percent rule, and your own personal financial capabilities to determine a top price that you would be willing to pay for this property.

Before the auction starts you will also want to make sure that you have your financing in place and ready to go upon the conclusion of the auction. To do this you will want to get pre-approved and pre-qualified for your home loan based on the anticipated amount of money you plan on spending on the house’s purchase plus a 10 percent addition for expenses you may incur to make necessary repairs inside the house. By having your financing in place you will be a stronger bidder and you will ensure that you don’t lose the house you put so much effort into winning.

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Career Advice

2010 Maiatza 22

Before the coffee. After remembering the simple joy of a glass of orange juice.

Buyer beware. Ratings for Fox's death star, "American Idol," have come back down to earth. Variety reports that Tuesday's numbers were the show's lowest since its first season back in 2002. Look, "American Idol" is still the biggest show out there and, as Forbes notes, brings in a ton of ad revenue. But clearly it is on the other side of the hill, and with Simon Cowell leaving after this season, it is only going to get tougher. Although Fox can milk it for at least a few more years, it's no wonder Robert Sillerman's CKX, a co-owner of the show, is looking for potential buyers. How long until we have a daytime syndication version of "Idol"? Actually, that's not a bad idea.

Bet on "Iron Man 2." Oh wait, I still can't bet on box-office futures. Well, if I could, I wonder if it would be worth it to short "Iron Man 2." Anyway, the sequel is set to break some records this weekend, and Anne Thompson at IndieWire looks at the projections and how the first weekend in May went from being a dumping ground for clunkers to a major event for the Hollywood studios.


There's a pony in here somewhere.
CBS reported a first-quarter loss of $26.2-million earnings, but revenues jumped 12% to $3.53 billion. Local ad sales improved at the company's TV and radio stations, and of course having the Super Bowl didn't hurt. CBS didn't say much about reports of talks with CNN about sharing news resources, perhaps because there wasn't anything to say. For more on the numbers, here's the New York Times and Wall Street Journal, the latter of which uses earnings as a way in to talk about the network's prime-time development slate. Bloomberg, meanwhile, does some analysis on CBS CEO Leslie Moonves' $43-million compensation and argues that he might be a tad overpaid.

Brand builder. Media mogul Haim Saban wants to become a brand mogul too. He's putting up $500 million and starting a new company aimed at acquiring brands in the fashion, entertainment and celebrity worlds à la Iconix, the company that owns London Fog, Candies and, more recently, the rights to the old "Peanuts" comic strip. Still seems like a risky business to me, but if Haim wants, the Morning Fix brand is available for a price. Just don't load me down with too many morals clauses in the deal. More from the Los Angeles Times.

Really, it's a good thing. Comcast filed a couple more really long reports at the Federal Communications Commission defending its proposed takeover of NBC Universal. One of its reports addresses the growing Internet video marketplace. Bloomberg read the documents (I only skimmed them. Not to get all Barry Zuckerkorn on everyone, but it was a really thick filing) and reports, big surprise, that Comcast says it has no incentive to stop other companies from getting access to its content for the Web. We're pretty sure that consumer activists and would-be Internet content distributors will find that one hard to swallow. Meanwhile, FCC Chairman Julius Genachowski is expected to unveil a new plan to regulate broadband. Details on that from the Associated Press.

Newsweek on the block. Another media icon may be on its last legs. The Washington Post says it is putting Newsweek up for sale. Lots of Web types will no doubt claim that it is further proof of how mainstream media has become irrelevant. I say let's wait 10 years and see how well our fragmented media landscape does covering the world. That's covering the world, not ranting about the world. More on Newsweek and a potential sale from the New York Times.

What's cooking? Deadline Hollywood's Nellie Andreeva breaks that CBS has ordered a pilot for a cooking game show featuring Emeril Lagasse. (What's it called, "Baste This"?) It will compete with a remake of the game show "Pyramid" and a talk show from Julie Chen (otherwise known as Mrs. Leslie Moonves, CEO of CBS) for the open time slot on CBS' daytime schedule. Hmmm, wonder which show will win the bake-off. 

You talking to me? The Hollywood Reporter offers some career advice to Robert De Niro. My two cents: Don't do a "Midnight Run" sequel. It was perfect so don't mess it up.

Inside the Los Angeles Times. John Lippman on Nicole LaPorte's detailed (perhaps too detailed) account of the rise and fall of DreamWorks. Kenneth Turan on "Iron Man 2." Former "Daily Show" and "Late Late Show" host Craig Kilborn is looking to make a comeback. Jordan Hoffner sheds some light on Ben Silverman's Electus.

– Joe Flint

Follow me on Twitter.

Hi, it’s William Ho from United Front Games! Today, I’m going to reveal some details about the single-player Career Mode in ModNation Racers.

You are Tag, a young graffiti artist turned kart racer who enters the Mod Racing Championship (MRC for short). Tag starts off as a rookie in the Home Tour. As he wins races, he unlocks more rewards and qualifies for higher-level tours that take him to exotic races all over ModNation. Along the way, you’re pitted against the MRC’s Elite Racers. Each Elite has his or her unique visual style and driving style suited to their respective home tracks.

Jez will school you on drifting and wall riding on stunt track Drift Paradise.

Aloha knows all of the hidden shortcuts in the jungles of Lost Temple.

And Diablo is almost unbeatable on the scorched hills and valleys of Launchers Rush.

The Career Mode is both simple and deep. It’s simple in that you can blaze your way to the top of the MRC rankings by placing third or better in most races. We also have “Big Show” races — the finales for each Tour — that require you to finish in first place to qualify for the next Tour. Racking up top finishes also gets you lots of unlocks. You’ll win plenty of parts, stickers, bodies, buildings, props and more to use in your custom creations.

But for more dedicated racers, we’ve also added depth to the Career Mode. Every one of the 28 races has Payoff and Bonus Tasks that you can complete to unlock even more loot. And these tasks demand a lot of different skills. Some require maxing out your Drift and Air Points, so you’ll have to show style as well as speed. Others make you unleash the fury on your opponents, scoring a certain number of takedowns.

Some of them ask you to embarrass an Elite Racer, such as taking down Hale in front of his adoring fans on the Flaming Jumps Big Show track. Besting the Elite Racers will unlock rare unlocks, plus your embarrassed rival will challenge you to a Grudge Match. These bonus events offer a change of pace from the officially sanctioned MRC races. They can be Score Attacks, in which you out-stunt your rival. Some are One-on-One Races, in which weapons are turned off and you need pure racing skill. And then there are Thug Races, in which you have to beat your rival and his henchmen drivers. Of course, these Grudge Matches unlock even more rare rewards. As if that wasn’t enough, we also have Tokens for you to find by exploring the 28 MRC tracks. Some tokens are easy to find, while others require exploration and careful timing with super hops to get. Once collected, Tokens can be redeemed in the Shop Station for what we call Blind Box Rewards. Inspired by these are randomly selected unlocks that are sure to surprise!

In all, there are several hundred rewards to collect. Only the most dedicated will unlock them all. One more cool thing about the Career: You can — and should — be whoever you want to be. You start off Career Mode as ModNation Racers’ main man, Tag. And you’ll see Tag in lots of funny story cinematics that reveal the history and culture of the MRC. But we want Tag to be whoever you want to be, and you’ll see your custom Mod interacting with all of the other characters in ModNation.

Here’s my Mod getting some sage advice from my Crew Chief

Well, that’s all from me for now. In addition to all of the great customization tools and addictive gameplay we’ve talked about in previous PlayStation.Blog posts, I’m happy to say that we’ve got a really fun single-player campaign. It’s simple for players who want to unlock a lot of stuff quickly. It’s deep for those who love replaying campaigns. And the Mods, Karts, and Tracks of the MRC show off a lot of the creative possibilities in ModNation Racers. We can’t wait to put it in your hands on May 25!

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