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  • From: Akka Homestead <akkabhomestead AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] water shortage
  • Date: Fri, 19 Sep 2008 11:23:08 -0700 (PDT)



bob ford wrote:
> When I bought my country property, abundant clean water  was
> imperative, to me.  Maybe its because I've lived in the desert for
> years, but, I see a day when shortage of clean water becomes a much
> bigger deal than shortage of petro.  anyway, interesting
> article......bobf
>
> http://www.cnn.com/2008/TECH/science/09/19/water.crisis/index.html
>

Here's another, slightly different take on the problem.

http://georgiafaces.caes.uga.edu/storypage.cfm?storyid=3522

“We’re no longer recharging our groundwater, and we’re reducing the amount of
available water we can use to dilute the pollutants going into the streams,”






>From jmroll AT bellsouth.net Fri Sep 19 14:25:17 2008
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From: jmroll AT bellsouth.net
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Date: Fri, 19 Sep 2008 18:23:15 +0000
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Subject: [Homestead] Melt Down
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Good story by Neal Boortz
johnny reb

Melt Down by townhall.com/columnist/nealboortz

What in the world is going on here?
You’ve seen the headlines, and you heard of the failures and buyouts.
Lehman Brothers, Bear Stearns, Merrill Lynch, AIG; all big names and all in
big trouble. Then those mysterious quasi-government agencies with names like
Freddie and Fannie become wards of the state and you learn that you and your
fellow taxpayers are potentially on the hook for tens of billions of dollars.
At the end of the week Washington Mutual is looking for a buyer, and you
start to wonder about the security of your own bank and your own savings
account. Let’s change that ad copy to WaMu -- boo hoo.
Somewhere in the back of your mind you understand that this is all tied
somehow to bad mortgages. If you start reading a bit further to enhance your
understanding you run into terms like Mortgage Backed Securities (MBS) and
credit-default swaps, whatever in the world those are. Read further and you
find out that a combination of falling home prices and mortgage defaults have
put many investment banks and other financial institutions in deep puddin’.
All this reading, all this watching the talking heads on TV, and you still
don’t really know what in the world is going on here.
Fear not. I’m here to help. I know … I’m just another talk show host;
but the fact is that when the stage was being set for the problems we’re
seeing today I was making most of my money as a real estate lawyer .. closing
loans for some of the very institutions that are the tank today. This rather
unique combination – closing lawyer and radio talk show host – gave me a
front row seat to the politicization of mortgage loans that led us to
today’s headlines.
OK .. so we all know that a lot of really bad real estate loans were made.
The political class would sure love for us to believe that the blame here
rests squarely on “greedy� (try to define that word) mortgage brokers and
lenders. The truth is that most of the blame rests on political meddling in
the credit decisions of these mortgage lenders.
Twenty years ago the buzz-word in the media was “redlining.� Newspapers
across the country were filled with hard-hitting investigative reports about
evil and racist mortgage lenders refusing to make real estate loans to
various minorities and to applicants who lived in lower-income neighborhoods.
There I was closing these loans in the afternoons, and in the mornings
offering a counter-argument on the radio to these absurd “redlining�
claims. Frankly, the claims that evil mortgage lenders were systematically
denying loans to blacks and other minorities were a lot sexier on the radio
than my claims that when credit histories, job stability, loan-to-value
ratios and income levels were considered there was no evident racial
discrimination.
Political correctness won the day. Washington made it clear to banks and
other lending institutions that if they did not do something .. and fast ..
to bring more minorities and low-income Americans into the world of home
ownership there would be a heavy price to pay. Congress set up processes
(Research the Community Redevelopment Act) whereby community activist groups
and organizers could effectively stop a bank’s efforts to grow if that bank
didn’t make loans to unqualified borrowers. Enter, stage left, the
“subprime� mortgage. These lenders knew that a very high percentage of
these loans would turn to garbage – but it was a price that had to be paid
if the bank was to expand and grow. We should note that among the community
groups browbeating banks into making these bad loans was an outfit called
ACORN. There is one certain presidential candidate that did a lot of
community organizing for ACORN. I won’t mention his name so as to avoid
politicizing this column.
These garbage loans to unqualified borrowers were then bundled up and sold.
The expectation was that the loans would be eventually paid off when rising
home values led some borrowers to access their equity through re-financing
and others to sell and move on up the ladder. Oops.
Right now this crisis is being sold to the American public by the left as
evidence the failure of the free market and capitalism. Not so. What we’re
seeing is the inevitable result of political interference in free market
economics. Acme bank didn’t want to loan money to Joe Homebuyer because Joe
had a spotty job history, owed too much money on his credit cards, and
wasn’t all that good at making payments on time. The politicians told Acme
Bank to figure out a way to make that loan, because, after all, Joe is a
bona-fide minority-American, or forget about opening that new branch office
on the Southside. The loan was made under politicial pressure; the loan, with
millions like it, failed – and now we are left to enjoy today’s
headlines.
So … why aren’t you reading the whole story in the mainstream media? Come
on, are you kidding me? Do you really expect the media to blame this mess on
deadbeat borrowers and political interference in the free market when it is
so easy to put the blame on greedy lenders and evil capitalists? Remember …
there’s an election going on. One candidate is decidedly anti-capitalist.
Do the math......
http://townhall.com/Columnists/NealBoortz/2008/09/19/the_rest_of_the_meltdown_st
ory
>From bobford79 AT yahoo.com Fri Sep 19 14:37:46 2008
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Date: Fri, 19 Sep 2008 11:35:49 -0700 (PDT)
From: bob ford <bobford79 AT yahoo.com>
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Subject: Re: [Homestead] water shortage
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This is from SW Missouri, 3 years ago.  You don't really think of a
waterlogged midwestern state like Missouri having water problems.  I have
relatives throughout the Deep South.  Drought conditions have been in affect
there for half a dozen years ....bobf
 
http://www.joplinglobe.com/siteSearch/apstorysection/local_story_098162708
 
 



----- Original Message ----
From: Akka Homestead <akkabhomestead AT yahoo.com>
To: homestead AT lists.ibiblio.org
Sent: Friday, September 19, 2008 11:23:08 AM
Subject: Re: [Homestead] water shortage



bob ford wrote:
> When I bought my country property, abundant clean water  was
> imperative, to me.  Maybe its because I've lived in the desert for
> years, but, I see a day when shortage of clean water becomes a much
> bigger deal than shortage of petro.  anyway, interesting
> article......bobf
>
> http://www.cnn.com/2008/TECH/science/09/19/water.crisis/index.html
>

Here's another, slightly different take on the problem.

http://georgiafaces.caes.uga.edu/storypage.cfm?storyid=3522

“We’re no longer recharging our groundwater, and we’re reducing the
amount of available water we can use to dilute the pollutants going into the
streams,�





     
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