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A "roaring bear" sculpture? Perhaps the theme would be more accurately reflected by a statue modeled on something like this. https://s-media-cache-ak0.pinimg.com/originals/ea/46/e2/ea46e232230bba98c360ff0ab830d5d1.jpg
Where's the Bear?
For all of the attention that has been given to the Fearless Girl and Charging Bull statues on Wall Street, I've been marveling at what's missing from the picture: a bear. It's not just that an ursine addition adds whimsy to virtually everything. It's what its absence says about our market cult...
I have dealt with this type of problem in Wisconsin once or twice by exempting a leasehold interest as a homestead. My recollection is that statutes or cases in many states support this, and very brief research leads me to believe that California does. Would not acquiring a leasehold, a/k/a renting and prepaying, be a useful workaround for many debtors holding proceeds but unable to obtain a purchase money mortgage?
Homestead Proceeds in Bankruptcy
California's tiered homestead exemption protects a debtor's dwelling to the extent of $75,000, $100,000, or $175,000, depending upon the debtor's status, protects a like amount of proceeds of an execution sale of the homestead for six months following sale, and protects a dwelling acquired with ...
An even more commercially successful writer, J. K. Rowling, has expressed similar enlightened views. There ought to be a hall of fame for such folks.
'Irving Berlin on Taxes'
Chris Dillow on our "narcisstocracy": Irving Berlin on taxes: The New York Times reports on how some of the US's richest men are dodging taxes. Compare this to the response of Irving Berlin when his lawyer offered him a tax shelter: I want to pay taxes. I love this country. He even wrote a ...
The key question for me about the largely impenetrable Second Amendment has always been, "What could the drafters have been trying to say that could not have been said much more simply, directly, and coherently?" The best answer have have ever heard is Professor Bogus' slave patrol theory. It is not a good, or plausible, answer to claim that the intention was to prohibit or severely restrict government regulation of firearms.
Weekend Reading: The Second Amendment was Ratified to Preserve Slavery
**Thom Hartmann:** The Second Amendment was Ratified to Preserve Slavery: "The real reason the Second Amendment was ratified... >...and why it says "State" instead of "Country"... was to preserve the slave patrol militias in the southern states, which was necessary to get Virginia's vote.... Patr...
I hereby adopt Professor Levitin's arbitration notice waiver above as my own. Kenneth J. Doran, Madison, Wisconsin.
Legal Notice. Read Carefully: Your Rights May Be Affected
In light of General Mills policy of claiming that its binding mandatory arbitration requirement (with class action waiver) applies to anyone who purchases its products, including via third-party vendors, I have decided, to post the following legal notice, applicable to all persons, everywhere: ...
Consumer creditors have very few lobbyists. Institutional creditors have so many that their viewpoint becomes obvious conventional wisdom inside the beltway. Certainly the Solicitor General has an interest in promoting wisdom.
What Is the Government Interest in Bankruptcy Cases?
On Monday, the Supreme Court will hear arguments in Ransom v. MBNA, an appeal of a decision in a consumer bankruptcy case. The Bankruptcy Code requires chapter 13 debtors to commit all their "projected disposable income" to repaying their creditors. After 2005, for debtors whose income exceeds t...
You are right, that is a rare double, but it looks like the Fed has pulled it off.
What Is the Federal Reserve Doing?
From Chris Hayes: >Twitter / Christopher Hayes: @justicegorilla the econom ...: @justicegorilla the economy is like a burning house. The Fed is the fireman. They're watching the house burn so they can conserve water. We are going to have to have a talk soon: is the economy experiencing a flood an...
Sometimes once is enough, or even better. The "What is a Fact" URL was inadvertently entered twice, and 1x1=0. Try http://www.creditslips.org/creditslips/2006/11/what_is_a_fact.html
Credit Slips & the WSJ's Washington Wire
Mary Pilon of the Wall Street Journal's Washington Wire has a post up about Elizabeth Warren's blogging here at Credit Slips. Long-time readers will undoubtedly remember many of these posts highlighted there. I'll highlight two others. First, there is a post dated September 14, 2008, just after ...
I have been fortunate enough not to have to deal with audits in my own cases, but anecdotal evidence indicates that many such findings would be disputed by the debtor as to materiality, or simply the accuracy of the auditor's characterization. There does not appear to be any useful mechanism to challenge such an accusation, unless a motion adverse to the debtor is filed. If anyone wants to pursue this, a trove of specifics could probably be turned up through NACBA.
U.S. Trustee Audits on Debtor Bankruptcy Filings
In March, the Executive Office of the U.S. Trustee (EOUST) released its annual report on audits of individual chapter 7 and chapter 13 cases. The audits identified a "material misstatement" in 22% of the cases examined for fiscal year (FY) 2009. The 2005 changes to the bankruptcy law require the...
As to searching more generally for the internet source(s) of a given document when you have a full or partial text, pick out a phrase or string that seems unusual, put it in quotes, and do a search. If there is a free version of a restricted document, that will generally turn it up. Going from an article stub to the full article is a main use for this technique but not the only one.
links for 2010-05-12
Robert Gonzalez: The GOP’s Growing Hispanic Rift RG: "By failing to embrace the immigrant, those Republicans are making themselves largely irrelevant in a new era.... The hard work of my parents, along with God’s providence, plus some luck here and there, fulfilled our American dreams, and ens...
I largely agree with you. I also think that Olbermann and Maddow have strikingly higher standards of factual and intellectual honesty than any conservatives with comparable platforms. I cannot imagine the MSMers ever acknowledging that in public.
Romneycare Watch: Relative Autonomy of the Republican Party
Ezra Klein on the Vicissitudes of Romneycare >Ezra Klein - Twilight of the interest groups: This year, the Obama administration succeeded at neutralizing every single industry. Pharma supports the bill. Insurers are incoherent on it, but there's not a ferocious and united campaign to kill the pro...
John--
How does your analysis of the hiring of Krugman and Olbermann account for Rachel Maddow?
Romneycare Watch: Relative Autonomy of the Republican Party
Ezra Klein on the Vicissitudes of Romneycare >Ezra Klein - Twilight of the interest groups: This year, the Obama administration succeeded at neutralizing every single industry. Pharma supports the bill. Insurers are incoherent on it, but there's not a ferocious and united campaign to kill the pro...
The conservatives' decades long work-the-ref campaign of promiscuously accusing the media of liberal bias has been spectacularly successful. The MSM lives in terror of it and has thoroughly internalized it. Professor Krugman's "Shape of the World: Opinions Differ" jibe is, unfortunately, barely an exaggeration.
Romneycare Watch: Relative Autonomy of the Republican Party
Ezra Klein on the Vicissitudes of Romneycare >Ezra Klein - Twilight of the interest groups: This year, the Obama administration succeeded at neutralizing every single industry. Pharma supports the bill. Insurers are incoherent on it, but there's not a ferocious and united campaign to kill the pro...
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