World Series Game 2: NY Yankees take it 3-1

2009ws

Yanks take Game 2,  3-1

Series tied 1 game a piece

WSJ blogged the game here

Derek-Jeter-celebrates-du-001

Here is the moment I yelled at the TV:

10:40: I need to know if Derek Jeter tried to sacrifice with two strikes, or if Joe Girardi signaled him to do it. Girardi should be the first manager fired in the middle of a World Series if it was him.

And Yankees fan deluxe Ben Kabak of the great Yankees blog River Avenue Blues notes that Jeter bunts on his own all the time with two strikes. Yanks fans should hope The Captain doesn’t become The Manager in 10 years.

10:38: Tim McCarver: “At 0-2, there is no way Jeter is still bunting. Too good a hitter.”

Jeter bunts foul and is out. — Fitzgerald

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October 29, 2009. Tags: , , , , , . Entertainment, Popular Culture, Sports. Comments off.

Ghost Hunters TAPS Marathon airing on Chiller now

10/29: 8:00PM ESTChiller is airing a Ghost Hunters TAPS marathon! Set your DVR 🙂 according to my satellite it is airing til 400am! though it isnt on the Chiller online schedule.

October 29, 2009. Tags: , , , , , , , . Entertainment, Horror, Mystery, Popular Culture, Sci Fi, Supernatural, Suspense. Comments off.

Medium ‘Night of the Living Dead – Bite Me’ Episode airs Friday, 900pm

SciFiWire has it, sounds awesome. We love the show, our previous posts on Medium here.

…Medium is planning one of the more amusing Halloween episodes we’ve come across, a TV mash-up with Night of the Living Dead. The episode is (also amusingly) called “Bite Me” and runs Friday, Oct. 30, at 9 p.m.

“We literally insert Allison into the 1968 George Romero movie Night of the Living Dead,” said Medium creator and executive producer Glenn Gordon Caron. Of course, there’s also a mystery to be solved in her waking world, involving a missing funeral director.

mediumzombie1-thumb-400x297-27584

'Bite Me' airs Fri., Oct. 30th at 900pm on CBS

Caron said the idea of putting a character from one of his series into an old movie has been kicking around for 20 years. “Actually I was going to do it on Moonlighting years ago. We were going to do it with an AIP movie. I think it was Godzilla vs. Mothra.” (Now, that’s an episode we would have watched!)…

…”Craig and I thought it sounded like a fun idea, but we had to find the right film,” said Doherty. “We did a search for public-domain films and realized that Night of the Living Dead was public domain. It was really amazing and perfect. Craig and I are huge zombie movie fans. … We also thought it was perfect for a Halloween episode.”

To provide some sense of jeopardy for the dream, the writers decided to do something they haven’t done before on Medium, where Allison begins to suffer real physical damage from her adventures into the world of black and white. “You have to be as worried about Allison as you would be if this were her waking life. So a zombie bite in the dream will follow her out into her waking life.”….

Update: Interview with the ‘real’ Allison DuBois after the break:

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October 29, 2009. Tags: , , , , , . Art, Celebrities, Entertainment, Fantasy, Film, Horror, Mystery, Popular Culture, Sci Fi, Supernatural, Suspense. Comments off.

CBO: House bill Public Option premiums will be *higher* than private plans, only cover 6 million people

accidental-health-insurancecom

Nice job lowering costs there Critters!

Carrie Budoff Brown at Politico has it:

The public insurance option would typically charge higher premiums than private plans available in the exchange, according to the Congressional Budget Office analysis of the House bill.

That surprising conclusion raises doubts about Democratic promises that a government-run insurance plan would provide a lower-cost alternative to consumers. At the same time, it calls into question Republican charges that the plan amounts to government takeover of health insurance — because only 6 million people would enroll in the plan, according to the CBO.

Here’s the key passage from page 6:

Roughly one-fifth of the people purchasing coverage through the exchanges would enroll in the public plan, meaning that total enrollment in that plan would be about 6 million.

That estimate of enrollment reflects CBO’s assessment that a public plan paying negotiated rates would attract a broad network of providers but would typically have premiums that are somewhat higher than the average premiums for the private plans in the exchanges. The rates the public plan pays to providers would, on average, probably be comparable to the rates paid by private insurers participating in the exchanges. The public plan would have lower administrative costs than those private plans but would probably engage in less management of utilization by its enrollees and attract a less healthy pool of enrollees. (The effects of that “adverse selection” on the public plan’s premiums would be only partially offset by the “risk adjustment” procedures that would apply to all plans operating in the exchanges.)

October 29, 2009. Tags: , , , , , , , , , , . Economy, Finance, Healthcare, Obama Administration, Politics. 1 comment.

Health Care Update: Republican Response to the Democratic Health Care Bill

Vodpod videos no longer available.

On Unemployment:

more about “Republican Response to the Democratic…“, posted with vodpod

October 29, 2009. Tags: , , , , , , , , , , . Economy, Healthcare, Politics. Comments off.

Update: ‘Paranormal Legislative Activity’; “Paranormal TAXivity”

Courtesy of TheSunlightFoundation

h/t HotAir

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October 29, 2009. Tags: , , , , . Politics. Comments off.

Brace for Impact: Team TOTUS comes out for extension of homebuyer tax credit

Update: Marty Feldstein agrees with MiM on the GDP and double dip  (too bad he endorsed Obama and later let himself be used as a tool like Volcker)

Third-quarter growth “was boosted by the various fiscal stimulus policies,” Harvard University professor Martin Feldstein said in an e-mail. “The danger remains of a serious slowdown after this and a possible double dip” of the economy in 2010, he said.

*Montage by Delta1111111

In an apparent  reversal of  sentiment from that expressed by HUD chief Shaun Donovan in his testimony to Congress just weeks ago when he said it was very expensive, the WH is endorsing the extension of the homebuyer tax credit (details at end of post).

IMO this policy reversal, combined with TOTUS’ failure to laud the GDP data today (he merely commented that he is not satisfied as Americans need work) can mean only one thing.

The internal economic projections of the WH team led by Romer rolling stimulus expectations waaaay back last week, are WAY WAY WORSE than expected. They see the double dip coming and are trying to get in front of it with more stimulus spending in an extended homebuyer tax credit which will do what clunkers did,  cannibalize future sales and leave a wider gap in the future with additional deficits.

So MiM’s forecast for artificial GDP bumps in 3Q and 4Q  ’09 may need to be extended into 1Q 2Q 2010 if they are going to keep throwing money at anything that will give a temporary boost to GDP. Of course the coming tax hikes they are building into the system with the deficit they are growing will CRUSH our economy for years to come but that seems to be beyond their timeline, and thus not their concern.

Clearly the goal is political with everything they do, I guess that comes from Rahm. But that being said, I would expect they are playing dice hoping to keep GDP artificially high going into 2010 Congressional mid terms.

Of course since it is not organic GDP growth jobs are not coming with it so I don’t see the payoff in this policy unless they think Americans will look at stock markets and GDP and feel happy despite being unemployed and foreclosed upon? DOW right now, 3:14 pm up 200. It is high on sugar and our economy is a diabetic on dialysis over here! Today is the anniversary of the 29 collapse btw…there was a HUGE rally after that followed by the utter collapse of the economy as a CNBC guest notes now…HA he said sugar high! I said that! I will add this video when CNBC posts it 🙂

Question is, can they pull off this GDP stimulus spending for that long while simultaneously driving down the dollar without a total collapse of our economy from the CRUSHING deficit? We shouldn’t have to even pose that question. This is like giving the car keys to a raging alcoholic after an open bar at their ex’s wedding.

Doubling down on bad medicine.  I am past girding, I am bracing for impact (sadly no Sully at the wheel, we have Pelosi and Reid)..

____________________

Original Post: In an apparent  reversal of  sentiment from that expressed by HUD chief Shaun Donovan in his testimony to Congress just weeks ago when he said it was very expensive, the WH is endorsing the extension of the homebuyer tax credit:

The nation’s top housing official expressed doubt over the need to extend the $8,000 tax credit for first-time home buyers, and said that the Obama administration was reviewing whether the additional cost of extending the credit was worth any benefit in home sales.

Shaun Donovan, the secretary of the Department of Housing and Urban Development, told a Senate hearing on Tuesday that there was “clear evidence” that the tax credit had benefited the housing market. But he said that the “real issue” in considering an extension was whether an extension was worth the cost to the government in lost tax revenue.

The actual cost of the credit won’t be known “until Americans have filed their tax returns,” he said. “And so, we feel it’s very important within the administration that we gather as much data as we possible can in advance of that before we make a final decision.”

This was just 2 weeks ago folks!

Mr. Donovan said that he understood that the impending expiration of the tax credit meant that the administration needed to make a decision soon so that the market could plan accordingly. Mr. Donovan said he didn’t believe a “catastrophic decline” in home sales would result if the tax credit were allowed to expire on Nov. 30, though he said that an expiration could have some “negative implications” for the market….

And today they send out Geithner to say EXTEND THE TAX CREDIT!

Bloomberg:

The Obama administration endorsed plans to extend an $8,000 tax credit for first-time homebuyers, saying it is helping stabilize the nation’s housing market.

The tax break, enacted earlier this year as part of an economic stimulus package, has “brought new families into the housing market and contributed to three consecutive months of rising home prices,” Treasury Secretary Timothy Geithner said today in a statement. The tax break will expire Nov. 30 unless Congress intervenes.

Senate Democrats have announced plans to extend the credit until April 30 while expanding it to include higher-income Americans and some who already own homes.

Senate Finance Committee Chairman Max Baucus said today the new plan would offer a $6,500 credit for homebuyers who have lived in their prior residence for at least five years. Couples earning up to $225,000 and individuals up to $125,000 would qualify for the break, Baucus said. That’s up from the current $75,000 limit for individuals and $150,000 for couples.

“The success of the American economy is closely tied to the success of the housing market – by helping to stabilize the housing market, the homebuyer tax credit has helped to shore up the economy as it begins to recover,” said Baucus. “This would enable an even greater number of potential homebuyers to take the credit.” Millions of renters earn more than $75,000, he said.

Here’s a question for good ole Max who initially balked at this spending: What will happen to all those rental property owners whose tenants you claim will buy houses? What about the people who work for those property owners? Unintended consequences. All the government can do is steal one man’s profit and give it to someone else. They do not CREATE anything. Only private capital CREATES JOBS. My God I sound like Larry Kudlow. My dad is smiling in heaven.

Democrats have been pushing to include the provisions in an unemployment benefits bill, which has been held up by a disagreement with Republicans over other proposed amendments….( read the whole thing).

October 29, 2009. Tags: , , , , , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. 4 comments.

Update 5: Bill signed. Procedural vote now scheduled for Nov 2; Looks like no UE vote until next week; COBRA subsidy Extension? Unemployment Extension Update: Reid still wrangling on amendments..

Update: Bill finally signed! see here

Update 4: 11/2 New thread up to follow the UE vote here

Update 3: Reid has put off the vote as expected to next week. Vote to close debate now scheduled for Nov 2nd (CQ Politics):

The extension and expansion of a tax credit for first-time homebuyers has been incorporated into Senate legislation that would extend unemployment benefits.

The Senate will hold a procedural vote on the legislation on Nov. 2. A vote on final passage of the entire package probably will happen by the end of next week.

The underlying bill on unemployment benefits had been held up by disagreements among Senate leaders about how to handle amendments.

…Reid offered a time agreement that would have allowed for consideration of two Republican amendments aimed at funding the unemployment benefit extension using TARP funds and increasing oversight of the bailout. But no amendments will be taken up next week, a spokesman for Reid said Friday….

(more…)

October 29, 2009. Tags: , , , , , , , , . Economy, Labor Department, Obama Administration, Politics, Unemployment Statistics. 18 comments.

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