Friday, June 17, 2011

It's in the news, so it must be true

Maybe this is why many people can't stand Politico:

Eric Holder tacks left at DOJ

Attorney General Eric Holder is finding his voice again, staking out traditionally liberal positions in public and behind closed doors despite a series of highly publicized setbacks, most notably the White House’s rejection of his plan to try September 11 suspects in civilian courts.

Since the beginning of the year, Holder has convinced President Barack Obama to abandon legal defense of the law barring federal recognition of same-sex marriages, embraced the politically sensitive notion of giving retroactive sentence reductions to some convicted crack cocaine dealers and encouraged the White House to issue its first terror-related veto threat against Republican legislation aimed at forcing terrorism prosecutions out of civilian court and into military commissions.

So begins a four page story without a single mention of the DOJ's gun-smuggling operation. We're ecstatic that the miserable hack that runs the DOJ which oversees the ATF, the U.S. crime syndicate that is the front organization for this gun-running, is finding his voice or something as gay marriage and wanting to release crack heads out into general circulation are the pressing matters of the day according to Politico.

And from the L.A. Times:

California to suffer housing shift, UCLA forecasters say

UCLA forecasters have seen the future of California's housing market, and it looks like this: more apartments near the coast, fewer McMansions in the desert.

That prediction is based on several factors, including expectations that rising fuel prices will encourage people to live closer to jobs along the Southland coast and in the San Francisco Bay Area.

The state's population is also skewing younger, meaning there will be more demand for urban rental units and less demand for suburban cul-de-sacs, according to the quarterly economic forecast released Wednesday by UCLA's Anderson School of Business.

"The incremental demand for housing is moving more into multifamily housing," said Jerry Nickelsburg, senior economist with the forecast. "Many of the younger generation have been buffeted by the boom and bust in the housing market, and see value in living closer to work."

That's bad news for the state economy, however, for two reasons. One is that construction of multifamily homes requires less labor than construction of single-family homes. Second, areas such as the Inland Empire and Central Valley that were hit hardest by the housing bust won't get a construction boom to help pull them out of the economic doldrums.

This means "there is an even larger structural unemployment problem in California than we originally thought," Nickelsburg wrote in the forecast. "Not only do we have excess construction, real estate and support skills, but some of those that will be demanded will be in the wrong geography."

(italics, ours)

Cluster bombing code-speak to put the best possible spin on the fact that the housing market and the economy, overall, are still in the tank.

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