Case Shiller Index Released…Record Declines Continue….December y/y down 18.2%…

Single Family Home Prices continue record declines…being in the Sunbelt, ground zero for housing collapse, I am ready to LIMBO when these numbers come out..you have to laugh or you lose your mind…

Feel like we need Sha Na Na from Grease..How Low Can You Go!!! LIMBO!!!

home price index records 18.2% decline in 4Q of 08…

20 city composite posts annual decline of 18.5%…10 city composite also sets record decline of 19.2%

Bloomberg:

Home prices in 20 U.S. cities declined 18.5 percent in December from a year earlier, the fastest drop on record, as foreclosures climbed and sales sank.

The decrease in the S&P/Case-Shiller index was more than forecast and followed an 18.2 percent drop in November. The gauge has fallen every month since January 2007, and year-over- year records began in 2001.

…Compared with a year earlier, all areas in the 20-city survey showed a decrease in prices in December, led by a 34 percent drop in Phoenix, a 33 percent slide in Las Vegas and a 31 percent decline in San Francisco.

Quarterly Figures

S&P/Case-Shiller also released quarterly figures for home prices nationally. That measure showed an 18.2 percent drop in the three months through December from the same period in 2007, compared with a 16.6 percent year-over-year decline in last year’s third quarter.

“The broad downturn in the residential real estate market continues,” David Blitzer, chairman of the index committee at S&P, said in a statement. “There are very few, if any, pockets of turnaround that one can see in the data.”

February 24, 2009. Tags: , , , , , , , , , , , , , . Doo Wop, Economy, Entertainment, Film, Finance, Foreclosures, Housing, Music, Obama Administration, Politics, Popular Culture, Uncategorized, Wall St. 1 comment.

Miracle Mel Does it Again: Liberty gives XM Sirius a Bridge Loan…

and as a shareholder may I say RIGHT ON MEL!!!! Stick it to Charlie Ergen good!!!

BWAAAHAAAAAAA Sirius lives another day and Echostar can kiss Mel’s butt!

OOPS HE DID IT AGAIN!!!! Thanks to John Malone too, we used to be Liberty Media shareholders too lol

John Malone’s Liberty Media is offering Sirius XM a bridge loan of several hundred million dollars to help the nearly insolvent satellite-radio company pay off debt that matures Tuesday, The Post has learned.

According to a source close to the situation, the loan is part of a two-step approach that Liberty wants to take as it looks to bail out Sirius XM, which is struggling to make its debt payment and fend off takeover maneuvers from EchoStar CEO Charlie Ergen.

As part of the plan, Liberty would provide Sirius XM CEO Mel Karmazin enough cash to repay $175 million in debt that Ergen currently holds and is due Tuesday.That then would give Liberty three months to come up with a plan to restructure Sirius XM’s roughly $600 million in debt that comes due in May and in December.

Listen to how arrogant Charlie Ergen was with Mel:

While the gap between what Mr. Ergen has proposed and Sirius has asked for is narrow, the two sides haven’t reached agreement yet on other, nonfinancial issues, these people said. Mr. Ergen is prepared to let Sirius Chief Executive Mel Karmazin keep his job.

Mel is known to pull a Miracle out of his pocket, way to go Mel!!!

Bloomberg: Mel pits Charlie and John in Cage Match:

Mel Karmazin, chief executive of Sirius XM Radio Inc., is pitting two media billionaires in a “cage match” to save the satellite-radio company he formed almost seven months ago.

John Malone and Charlie Ergen would both be absolutely satisfied to put down the other in a public way,” Bishop Cheen, a bond analyst at Wachovia Securities in Charlotte, North Carolina, said in an interview. “They’re natural cage-match contestants. This is media theater at its best.”

Malone and Ergen, both based in Englewood, Colorado, control the largest and second-largest satellite-TV broadcasters respectively and could use Sirius XM’s capacity to integrate radio and TV services, according to Fred Moran, an analyst at Stanford Group. Over the decades, the two men have competed for customers and over acquisitions. In 2003, Ergen, 55, abandoned a bid on DirecTV’s then-parent company, Hughes Electronics Corp.

-snip-

Karmazin, who was president of Viacom Inc. until June 2004, has feuded with Ergen too. Viacom was at the time the owner of the CBS broadcast-TV network, since spun off.

Ergen, who founded EchoStar in 1980, sued Viacom in January 2004, claiming it was breaking antitrust laws by demanding that EchoStar carry less-popular cable networks to continue running the signals of the CBS stations.

During the dispute, resolved later that year, Viacom kept its channels off the Dish network for two days and callers to EchoStar were greeted with a recording that divulged Karmazin’s home telephone number, Mediaweek reported on Oct. 11, 2004.

February 13, 2009. Tags: , , , , , , , , . Disco, Doo Wop, Economy, Entertainment, Finance, Jazz, Motown, Music, Popular Culture, Reggae. Comments off.

Pay to Play in the UK & Our Lordly Senators Prepare to give ‘Duke Daschle’ a Pass…

From MM:

Ask the Bend Over Republicans who pooh-poohed Tim Geithner’s tax goofs where they will stand:

Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
Ensign (R-NV)
Graham (R-SC)
Gregg (R-NH)
Hatch (R-UT)
Shelby (R-AL)
Snowe (R-ME)
Voinovich (R-OH)

202-224-3121.

From HA comments:

“Make no mistake, tax cheaters cheat us all, and the IRS should enforce our laws to the letter. ” Sen. Tom Daschle, Congressional Record, May 7, 1998, p. S4507.

Keemo on February 2, 2009 at 9:03 AM

From the Telegraph:

Lord Truscott is one of four peers said to have offered to help reporters posing as lobbyists for a fictitious Chinese retail firm which wanted to amend a forthcoming law on business rates before setting up in the UK.

During a meeting in a London hotel, Lord Truscott was asked about the procedure for amending a law passing through parliament. He said: “It is… identifying people and obviously following and identifying people to… meeting people, talking with people to facilitate the amendment and making sure the thing is granted.

You see Blago was following the vaunted European Model of the Peerage……but instead of:

‘to facilitate…make sure its granted’  Blago said  ‘the bill is almost signed where’s my fxxxing money?!’

Maybe he should have been all cash up front? Is that a lesson on “How to Sell Legislation for Fun and Profit” that the American politicans missed?

Shall we arrange for an EduLoan jet to fly Daschle over there to get the lesson and bring his new knowledge home? Then we can save time and maybe get a SINGLE thing done for the people. Or is Tom still going to be too busy pushing private student loan lenders up the list or whatever the frak he did for them prior to this meltdown (cause student loans are the next thing to go)…

But don’t fret about Tom, cause he IS a PEER as our crooked pols view it:

“If this were anyone else, I don’t think there would be any question that [the nomination] would not make it out of the committee,” said a top Senate GOP aide, referring to Daschle’s 18 years of Senate service, including stints as both majority and minority leader. “But he’s a former majority leader, which means a lot to these guys.”

Notice that is a GOP aide, they won’t roll on one of their own -fellow Senators regardless of political stripe, eh??

And you think the American people are okay with this after the lectures about responsibility and shame for CEOs and years of mutual sacrifice going forward?

daschle7

And this is the SECOND tax evader you put forward to run policy for our country? Cause he is a ‘friend’ aka supporter who pulled strings to get The One where he needed to be, Daschle opened the doors to the Golden Kingdom…our Treasury of our tax dollars..

People to Team Obama: That is as “Old Style” Politics as it Gets baby

You are coming after our children’s earnings and you want to give this millionaire a pass on his taxes so he can be in a position to make more money off our health?virtue11I call BS..Seems I am having to do that an awful lot for 11 days in office..

See since he was once the LEADER of the Senate Majority, he gets a pass. WTF is that? No No No. Make the calls to your Congress Critters maybe they can frakin PRETEND to give a good G-Damn about the people and equity under the system…

CALL YOUR SENATORS HERE

Cause we do NOT want this guy setting our health care policy, he CLEARLY is untrustworthy. I am sure it will go down just as Lord FancyPants here describes:

“I know some of the MPs and I know all the Tories in the Lords so I have no problem with approaching them, I mean, I think as I said it might be worth having the first bite of the cherry in the Commons… then I think the other thing is identifying who to… who can be approached to put forward amendments at various stages and maybe other bodies to contact. ”

“That comes down to… I think that will be a bit of a mix. You talking to some people, me talking to some people, sometimes both of us talking to people together, to put something through. And also there will probably be a different style maybe in the Commons and in the Lords.

See no wonder there were so many hours of tape with Blago, it takes a lot of calls and a lot of payoffs, these crooked rat frakkers…Blago’s style was more fit for the House of ‘Commons’ I betcha. Unfrakinbelievable all over the damn place…

Daschle evades taxes, Geithner the same. Lobbyists are all over the place even in the Cabinet posts themselves, Conyers wife took a bribe and he is heading the Judiciary Cmte in the House, yet Blago is out in the cold. No wonder he’s pixxed.

Only One Duke gets my attention and in fact an ovation and that’s the Duke of Earl, and you Tom Daschle,  are NO Duke of Earl

more about “Pay to Play in the UK “, posted with vodpod

February 2, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , , . Cabinet, Doo Wop, Economy, Entertainment, Motown, Music, Obama Administration, Politics, Popular Culture. Comments off.

Happy Birthday Motown: The Big 50!!!

video clips courtesy of 5122949

From Rolling Stone:

Today marks the official 50th anniversary of Motown Records, and members of some of the label’s most famous acts were on hand in the Motor City to help kick off what will be a year-long celebration for the famed label. The Four Tops’ Abdul “Duke” Fakir and members of the Miracles, Martha & the Vandellas and Rare Earth will spend the week at the Motown Historical Museum, housed in the original Hitsville Headquarters. Plus, today was officially named Motown Day in the city of Detroit.

From NME:

One of the world’s most important and iconic record labels, Motown, celebrates its 50th birthday today (January 12).

The Detroit label – home to Marvin Gaye, Stevie Wonder, The Supremes and The Jackson 5, among many others – was founded by record producer Berry Gordy on January 12, 1959.

Gordy started the label, which was originally called Tamla, with an $800 loan from his family.

The first act signed was called The Matadors (later The Miracles), who’s lead vocalist was Smokey Robinson.

Motown‘s Hitsville USA studio, a garage that Gordy purchased and renovated, was famed for its ‘production line’ recording process – with classic songs being churned out on an astonishingly regular basis.

From 5122949:

“My Girl”, released December 21, 1964, is a 1965 number-one single recorded by The Temptations for the Gordy (Motown) label. Written and produced by Miracles members Smokey Robinson,and Ronald White, the song became the Temptations’ first U.S. number-one single, and is today their signature song. Robinson’s inspiration for writing this song was his wife, Miracles member Claudette Rogers Robinson, and he originally intended to have his group record the song,The recorded version of “My Girl” was the first Temptations single to feature David Ruffin on lead vocals.

Previously, Eddie Kendricks and Paul Williams had performed most of the group’s lead vocals, and Ruffin had joined the group as a replacement for former Temptation Elbridge “Al” Bryant. While on tour as part of the Motortown Revue, a collective tour for most of the Motown roster, Smokey Robinson caught the Temptations’ part of the show. The group had included a medley of soul standards in the show, one of which, The Drifters’ “Under the Boardwalk”, was a solo spot for Ruffin. Impressed, Robinson decided to produce a single with Ruffin singing lead. After some persuasion from Ruffin’s bandmates, Robinson had the Temptations record “My Girl” instead of The Miracles, and recruited Ruffin to sing the lead vocals.

“My Girl” climbed to the top of the U.S. pop charts after its Christmastime 1964 release, making it the Temptations’ first number-one hit. The single was also the first number-one hit on the reinstated Billboard R&B Singles chart, which had gone on an eighteen-month hiatus from 1963 to 1965. The success of this single launched a series of Ruffin-led hits, including “Since I Lost My Baby” and “Ain’t Too Proud to Beg”. The former background figure quickly became the group’s main (and, excepting irregular leads by Kendricks and Williams, only) lead singer by the end of the year. Unfortunately, after this hit as well as Ain’t Too Proud to Beg, Ruffin started to develop a large ego. He was later fired from the group (see the Temptations main article for more details).

In 2004, “My Girl” was ranked number 88 on Rolling Stone magazine’s list of the 500 greatest songs of all time.[1]

January 12, 2009. Tags: , , , . Doo Wop, Entertainment, Motown, Music, Popular Culture. Comments off.

New Year’s with The King…..

Courtesy of Galoport, go watch the other clips, The King is at his best rockin hard….I still miss the King….

Songs: Hurt (with reprise and bombastic ending)Hound dog/Are you lonesome tonight Reconsider baby (complete Elvis on acoustic guitar)
Little Sister/Cant help falling in love Exit Karate Demo!

In the last days of 1976 Elvis Presley started a 5 days tour from 27 to 31 of December.
It began in Wichita, Ks (27), Dallas, Tx (28), Birmingham, Al (29), Atlanta (Ge) (30) and ended in Pittsburgh (Pa), for a new years eve concert!

Now, over 30 years passed those concerts are mythical!

Not only those were, by far, Elvis best tour from 1976, but those concerts showed the King in a Top From, and are ranked among his best 25 concerts from 1971 to 1977.

(more…)

December 31, 2008. Tags: . Doo Wop, Entertainment, Jazz, Music, Popular Culture. Comments off.

Holiday Hits: (It’s Christmas) Baby Please Come Home..U2/Death Cab for Cutie/Darlene Love….

U2 “Baby Please Come Home”
A&M Records
Director: Joanou
12/07/87

Death Cab for Cutie courtesy of Nanalew:

and Darlene Love :0) :

December 22, 2008. Tags: , , , , , , . Doo Wop, Entertainment, Music, Popular Culture. 1 comment.

Holiday Hits: ‘Sleigh Ride’ The Ronettes

The Ronettes

From ‘A Phil Spector Christmas Gift For You’ (Love the album, no comment on Phil)

Love the wall of sound..

December 12, 2008. Tags: , , , , . Doo Wop, Entertainment, Music, Popular Culture. Comments off.

BILL FAILS, ‘DEAD FOR YEAR’: Dems look to TARP

The Detroit News has it up. WH has responded:

…The White House said it was evaluating its options in light of the breakdown.

“It’s disappointing that Congress failed to act tonight,” a White House statement said. “We think the legislation we negotiated provided an opportunity to use funds already appropriated for automakers and presented the best chance to avoid a disorderly bankruptcy while ensuring taxpayer funds only go to firms whose stakeholders were prepared to make difficult decisions to become viable.”..

Tomorrow will be wild and crazy in the markets .. I am getting up bright and early to watch the global markets react and see the futures which I think should lead to a down open, anyone with sense sees this is a frakin disaster, why I thought a simple majority of Congress Critters could reason their way out of a wet paper bag I don’t know, I never learn….

11:20 pm EST:  After REIDS disgraceful self serving speech and thank you, in which he didnt even apologize for his failure, finally a voice of reason:

FINALLY, Barbara Boxer D-CA stands up and says no change was here tonight, the American people will see who stood with the middle class and who didn’t tonight..in this crisis with the holiday we shouldve voted yes, unless Henry Paulson does the right thing… I am going to work as hard as I can to get the Treasury Secty to take action with these 3 million jobs that are on the line..we know Hank Paulson can save these jobs..if he can save all those jobs in the white collar industry certainly he can save some in the blue collar industry…. everyone knows I have had problems with Detroit, they didnt listen to us with fuel efficiency, but to lose our manufacturing base without even a helping hand to try and save it tonight is shocking, in closing I have a heavy heart right now, I have 200,000 workers in my state second only to Detroit that depend on thriving auto industry, I have a message Change is coming…people here for right reason to fight for middle class..(winding off now)

HERE WE GO: Everyone is waiting in the well….straggling votes coming in..it makes me all nervy how the Senate doesnt have the count on the screen and we have to wait…DeMint votes no, wonder if he sees rioters out in the hall, frakin maroon CORKER votes AYE, Good for him!.. Corker votes no..Bond votes Aye. Reid of NV NO? WTF? HUH????they are laughing on the floor WTH? REID VOTED NO!!??!!!!!

YEAS 52

NAYS 35

(more…)

December 11, 2008. Tags: , , , , , , , , , , , , , , , , , , , , , , , . Big 3, Doo Wop, Economy, Finance, Foreclosures, Housing, Labor Department, Music, Politics, Popular Culture, TARP, Unemployment Statistics, Wall St. 2 comments.

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