CBS and MSNBC peddle phony stories about arms, race and violence

[alienlovechild 75]

Preaching to who? You guys wouldn't listen if your life depended on it. It's not your style. Every single argument on guns and health care is baseless. All I am doing is catching out the BS. using experience and facts to rebut the "I heard" and "he said this".

I've got the solution. I encourage the disgrunted American masses to emigrate to Australia. How many Americans would Australia accept per year?

There are only 64,832 American residents in Australia so you guys could use a lot more. Hell, you let more Serbians in than Americans.

http://en.wikipedia.org/wiki/Immigration_to_Australia

"In 2008-09 about 300,000 new migrants were expected to arrive in Australia, the highest number since World War II.[8][9] However, in March 2009, the Australian Government announced a 14 per cent cut in the 2008-09 permanent skilled migration program intake from 133 500 to 115 000 in response to worsening economic conditions. [10]"

So much for moving to Perth. No room, mate.

[Pinocchio Liberal 268]

Preaching to who? You guys wouldn't listen if your life depended on it. It's not your style. Every single argument on guns and health care is baseless. All I am doing is catching out the BS. using experience and facts to rebut the "I heard" and "he said this".

I've got the solution. I encourage the disgrunted American masses to emigrate to Australia. How many Americans would Australia accept per year?

There are only 64,832 American residents in Australia so you guys could use a lot more. Hell, you let more Serbians in than Americans.

http://en.wikipedia.org/wiki/Immigration_to_Australia

"In 2008-09 about 300,000 new migrants were expected to arrive in Australia, the highest number since World War II.[8][9] However, in March 2009, the Australian Government announced a 14 per cent cut in the 2008-09 permanent skilled migration program intake from 133 500 to 115 000 in response to worsening economic conditions. [10]"

So much for moving to Perth. No room, mate.

Facts will just confuse them. Why bother?

[natty bumppo 297]

Article from last year ... just someplace to start ...

Australian House Prices Fall Most in Five Years on Higher Rates

By Jacob Greber

June 7 (Bloomberg) -- Australian house prices fell in the first quarter by the most in five years after the central bank raised interest rates at the fastest pace in more than a decade.

The median price for houses fell to A$458,488 ($439,644) in the March quarter, down 2.7 percent from the previous three months, the Real Estate Institute of Australia and Mortgage Choice Ltd. said. Apartments also fell 2.7 percent to A$355,297.

Falling residential prices support the central bank's view that Australia's $1 trillion economy will slow this year, helping ease the fastest inflation in 17 years. Reserve Bank of Australia Governor Glenn Stevens, who left the benchmark interest rate unchanged at a 12-year high this week, signaled he is prepared to boost borrowing costs again if growth rebounds. He raised the rate in March for the fourth time since August.

``Unfortunately, investors, as well as owner-occupiers, are showing reduced levels of confidence,'' REIA President Noel Dyett said in a statement. ``The fall in median prices isn't surprising, following recent interest rate rises.''

Households, already grappling with higher gasoline and food costs, also were buffeted this year as commercial lenders increased mortgage rates by more than the central bank did.

The nation's five largest lenders, led by Commonwealth Bank of Australia, have added an average of almost 90 basis points to home-loan interest rates this year to cover higher funding costs caused by the squeeze on credit markets. The central bank increased by only 50 basis points in that time.

Mortgage Costs

The jump in borrowing costs eroded consumer confidence close to the lowest level in 15 years and triggered falling retail sales in three of the first four months of this year.

Clive Peeters Ltd., an Australian electrical appliances retailer, said this week the market slowed ``slightly'' in March, deteriorated sharply in April and continued to cool in May.

The Reserve Bank's policy makers left the overnight cash rate target unchanged this week at 7.25 percent. Investors expect the bank to increase the benchmark lending rate by at least a quarter-point in the next 12 months, according to a Credit Suisse Group index based on trading in interest-rate swaps.

About 90 percent of Australian mortgages are taken out on a floating rate, which moves with the central bank's benchmark. A quarter-point increase adds about A$42 ($40) a month to the average A$250,000 home loan, according to the Housing Industry Association.

Economic Growth

Home prices may slide further this year after housing affordability deteriorated in the first quarter to the worst on record, according to a separate report by the real estate institute published May 28.

The proportion of a family's income needed to repay an average home loan climbed to 38 percent in the March quarter from 37.4 percent in the December quarter. That's the highest since the institute began measuring affordability 22 years ago.

House prices slumped the most in Melbourne, falling 8.4 percent in the first quarter, today's report showed. Canberra slid 6.8 percent, Perth dropped 2.5 percent and Sydney shed 0.3 percent. The value of homes gained in Hobart and Adelaide.

``The fall in prices is being offset by the increased cost of financing home loans, so we have yet to see any real impact on housing affordability,'' Dyett said.

Link

[Heracles 417]

Get up off the six figures! MAKE A FVCKIN DIFFERENCE! GIVE GIVE GIVE! Put it out there lil talker!

You're missing the point dude. It's not about giving.

Lets say you worked in construction. If you didn't work for yourself, you'd probably make $65K to $100K (with overtime); maybe even get a company care like a ute or van. So would it seriously bother you if someone lost their job and was given $11k a year to look for work and pay the basic bills?

When that guy sees you living it up, he too will want to work. That is human nature. Only a small percentage of dead beats will be happy on $11K. Furthermore, if your company went under, would you not want to have the safety net? I know I would. What if another guy driving a trcuk drove straight into you, which is quite common here, and you ended up disabled. Considering you would be helpless, would you not want basic services? After seeing what people, go through here, I never want Australia to adopt the US system of each to their own.

Americans truly are the best workers. You work for peanuts yet live to work. Whereas Aussies would do anything for a day off. They work to pay the bills and enjoy life; enjoy the country they built and with their family and friends. Ironically considering they don't burn themselves out like people do here, look at what they have built for themselves. So it just shows that working people to death, the American way, does not work. Humans need a balance and respond accordingly to it. This is also the reason Australians receive 4 weeks annual vacation.

If I went to AUS and say there a people here, no names, who prefer the 2 weeks vacation rather than the 4 weeks off, they would probably bash me so I don't spread such rubbish to anyone else.

I've got the solution. I encourage the disgrunted American masses to emigrate to Australia. How many Americans would Australia accept per year?

There are only 64,832 American residents in Australia so you guys could use a lot more. Hell, you let more Serbians in than Americans.

I thought about that and I think that's the case because people here cannot admit there is another country better than the US. Especially for blue collar workers who are ranking the cash in over there.

[Heracles 417]

Article from last year ... just someplace to start ...

Australian House Prices Fall Most in Five Years on Higher Rates

By Jacob Greber

I prefer this article

Housing, jobs bolster consumer sentiment

Chris Zappone

August 12, 2009 - 11:00AM

Buoyant house prices and low unemployment rates pushed consumer confidence higher in August, underscoring the hope that the worst of the global downturn will not affect Australia

The unemployment rate remained at 5.8 per cent in July, unchanged from June, in a sign flexible work arrangements are allowing workers to cling to jobs while demand for goods and services slumps. In the US and the UK, the jobless rate is hovering just below 10 per cent. In some countries, including Spain, it is significantly higher.

The weighted average for Australian capital city home prices rose 4.2 per cent in the June quarter, according to the Australian Bureau of Statistics, defying the global trend of real estate asset deflation triggered by the financial crisis.

http://business.theage.com.au/business/hou...90812-ehku.html

[Pinocchio Liberal 268]

Get up off the six figures! MAKE A FVCKIN DIFFERENCE! GIVE GIVE GIVE! Put it out there lil talker!

You're missing the point dude. It's not about giving.

Lets say you worked in construction. If you didn't work for yourself, you'd probably make $65K to $100K (with overtime); maybe even get a company care like a ute or van. So would it seriously bother you if someone lost their job and was given $11k a year to look for work and pay the basic bills?

When that guy sees you living it up, he too will want to work. That is human nature. Only a small percentage of dead beats will be happy on $11K. Furthermore, if your company went under, would you not want to have the safety net? I know I would. What if another guy driving a trcuk drove straight into you, which is quite common here, and you ended up disabled. Considering you would be helpless, would you not want basic services? After seeing what people, go through here, I never want Australia to adopt the US system of each to their own.

Americans truly are the best workers. You work for peanuts yet live to work. Whereas Aussies would do anything for a day off. They work to pay the bills and enjoy life; enjoy the country they built and with their family and friends. Ironically considering they don't burn themselves out like people do here, look at what they have built for themselves. So it just shows that working people to death, the American way, does not work. Humans need a balance and respond accordingly to it. This is also the reason Australians receive 4 weeks annual vacation.

If I went to AUS and say there a people here, no names, who prefer the 2 weeks vacation rather than the 4 weeks off, they would probably bash me so I don't spread such rubbish to anyone else.

I've got the solution. I encourage the disgrunted American masses to emigrate to Australia. How many Americans would Australia accept per year?

There are only 64,832 American residents in Australia so you guys could use a lot more. Hell, you let more Serbians in than Americans.

I thought about that and I think that's the case because people here cannot admit there is another country better than the US. Especially for blue collar workers who are ranking the cash in over there.

Lets say I didnt, then what? Give up some of your cash, You wanna HELP. BY! Give us a link!

Com on baby show us how much you CARE! You to STEVE! Show us some LOVE!

[natty bumppo 297]

wonder if this article is from a credible AUS source?

Australian House Prices Are Severely and Seriously Unaffordable

By Dan Denning • January 27th, 2009

Australian house prices are severely and seriously unaffordable...Pink Monday in the U.S. costs 79k jobs...the decline and fall of consumer credit and its effect on prices...and more!

Stocks in the U.S. were up overnight. The only really positive news on the day was that existing home sales in the U.S. were up 6.5%. It was unexpected news. A lot of short sales and foreclosure sales boosted the market.

See. Markets work if you let prices function. Median house prices have fallen over 15% in the U.S. in the last year, according to the National Association of Realtors. The median price of US$175,400 is obviously starting to clear some of the inventory over-hang. If prices fall even more, you can expect more buyers to come in off the sidelines and back into the market.

The alternative is to keep those new buyers out of the market by propping up prices through various government-backed lending initiatives. If you want to make homes more affordable, you should let home prices adjust lower, to a level that reflects tighter credit. How hard is it to figure out that if you take away copious amounts of credit from the housing market (in Australia or America) prices are going to fall?

But is that such a bad thing? Well, it is if you own a house and have a large mortgage on it. But let's consider a new study on global housing affordability by Performance Urban Planning. The report concluded that Australia has the most unaffordable housing of all the nations surveyed. Not only that, but according to the report, Australia doesn't even have a single urban area in which housing is merely "moderately unaffordable."

Now before you write in defending the honour of Australia's housing market, let's be clear what the survey's designers consider unaffordable. They use a ratio of Median House Price to Median Household income. A house is "Affordable" if the ratio is 3.0 or less. It's "Moderately unaffordable" if the ratio is 3.1 to 4.0. It's "Seriously Unaffordable" if the ratio is 4.1 to 5.0. And it's "Severely Unaffordable" if the ratio is 5.1 or more.

Australia sports a ratio of 6.3, which is both "Severely Unaffordable" and "Seriously Daloob." New Zealand comes in next t 5.7, followed by Ireland at 5.4 and the U.K. at 5.3. Owing to its large number of metropolitan areas in which there is a wide variety of median prices and incomes, the U.S. nationwide ratio is just 3.2.

Part of the problem in the other countries is that national median incomes and house prices are derived from just a small number of densely populated urban areas. It's a pretty common occurrence in America to pack up your car, change states, and change jobs. You trade lower wages for a lower cost of living. That may be harder to do in more homogenised labour and housing markets, like, say, Australia.

So is today's ratio any higher than historically? You bet it is! According to the study, "In recent decades, the Median Multiple has been remarkably similar among the nations surveyed, with median house prices being generally 3.0 or less times median household incomes."

"This historic affordability relationship continues in many housing markets of the United States and Canada. However, the Median Multiple has escalated sharply in Australia, Ireland, New Zealand and the United Kingdom and in some markets of Canada and the United States."

There are other ways to measure affordability, of course. But it really comes down to the mortgage payment. Looking at house prices in terms of household earnings and income, then, is the method that makes the most sense to us. And by that measure, Australia has some of the most expensive housing in the world.

In fact, according to the table below, Australia has over a third of the sixty housing markets ranked "Severely Unaffordable" by the survey. Two of the top three "Severely Unaffordable" markets are in Queensland. And eight of the top twenty "Severely Unaffordable" markets are in Australia, according to the survey.

Source: 5th Annual Demographia International Housing Affordability Survey

http://www.dailyreckoning.com.au/australia...ble/2009/01/27/

[Pinocchio Liberal 268]

wonder if this article is from a credible AUS source?

Australian House Prices Are Severely and Seriously Unaffordable

By Dan Denning • January 27th, 2009

Australian house prices are severely and seriously unaffordable...Pink Monday in the U.S. costs 79k jobs...the decline and fall of consumer credit and its effect on prices...and more!

Stocks in the U.S. were up overnight. The only really positive news on the day was that existing home sales in the U.S. were up 6.5%. It was unexpected news. A lot of short sales and foreclosure sales boosted the market.

See. Markets work if you let prices function. Median house prices have fallen over 15% in the U.S. in the last year, according to the National Association of Realtors. The median price of US$175,400 is obviously starting to clear some of the inventory over-hang. If prices fall even more, you can expect more buyers to come in off the sidelines and back into the market.

The alternative is to keep those new buyers out of the market by propping up prices through various government-backed lending initiatives. If you want to make homes more affordable, you should let home prices adjust lower, to a level that reflects tighter credit. How hard is it to figure out that if you take away copious amounts of credit from the housing market (in Australia or America) prices are going to fall?

But is that such a bad thing? Well, it is if you own a house and have a large mortgage on it. But let's consider a new study on global housing affordability by Performance Urban Planning. The report concluded that Australia has the most unaffordable housing of all the nations surveyed. Not only that, but according to the report, Australia doesn't even have a single urban area in which housing is merely "moderately unaffordable."

Now before you write in defending the honour of Australia's housing market, let's be clear what the survey's designers consider unaffordable. They use a ratio of Median House Price to Median Household income. A house is "Affordable" if the ratio is 3.0 or less. It's "Moderately unaffordable" if the ratio is 3.1 to 4.0. It's "Seriously Unaffordable" if the ratio is 4.1 to 5.0. And it's "Severely Unaffordable" if the ratio is 5.1 or more.

Australia sports a ratio of 6.3, which is both "Severely Unaffordable" and "Seriously Daloob." New Zealand comes in next t 5.7, followed by Ireland at 5.4 and the U.K. at 5.3. Owing to its large number of metropolitan areas in which there is a wide variety of median prices and incomes, the U.S. nationwide ratio is just 3.2.

Part of the problem in the other countries is that national median incomes and house prices are derived from just a small number of densely populated urban areas. It's a pretty common occurrence in America to pack up your car, change states, and change jobs. You trade lower wages for a lower cost of living. That may be harder to do in more homogenised labour and housing markets, like, say, Australia.

So is today's ratio any higher than historically? You bet it is! According to the study, "In recent decades, the Median Multiple has been remarkably similar among the nations surveyed, with median house prices being generally 3.0 or less times median household incomes."

"This historic affordability relationship continues in many housing markets of the United States and Canada. However, the Median Multiple has escalated sharply in Australia, Ireland, New Zealand and the United Kingdom and in some markets of Canada and the United States."

There are other ways to measure affordability, of course. But it really comes down to the mortgage payment. Looking at house prices in terms of household earnings and income, then, is the method that makes the most sense to us. And by that measure, Australia has some of the most expensive housing in the world.

In fact, according to the table below, Australia has over a third of the sixty housing markets ranked "Severely Unaffordable" by the survey. Two of the top three "Severely Unaffordable" markets are in Queensland. And eight of the top twenty "Severely Unaffordable" markets are in Australia, according to the survey.

Source: 5th Annual Demographia International Housing Affordability Survey

http://www.dailyreckoning.com.au/australia...ble/2009/01/27/

Oh man we be goin DEEP!

[Heracles 417]

--------

Economy on the rise

CHRIS ZAPPONE

September 2, 2009 - 12:47PM

The nation's economic growth accelerated in the three months to June, showcasing Australia's resilience in the face of a global downturn.

Gross domestic product for the June quarter grew by 0.6 per cent, official data shows, following a 0.4 per cent increase in the first quarter, as domestic demand propelled the economy forward.

Analysts surveyed by Bloomberg expected the economy to have expanded by 0.2 per cent in the second quarter.

The Australian dollar jumped about one third of a US cent to 83.07 US cents on the announcement.

http://news.smh.com.au/breaking-news-busin...90730-e1r4.html

Edited September 2, 2009 by Booyah!

[Pinocchio Liberal 268]

--------

Economy on the rise

CHRIS ZAPPONE

September 2, 2009 - 12:47PM

The nation's economic growth accelerated in the three months to June, showcasing Australia's resilience in the face of a global downturn.

Gross domestic product for the June quarter grew by 0.6 per cent, official data shows, following a 0.4 per cent increase in the first quarter, as domestic demand propelled the economy forward.

Analysts surveyed by Bloomberg expected the economy to have expanded by 0.2 per cent in the second quarter.

The Australian dollar jumped about one third of a US cent to 83.07 US cents on the announcement.

http://news.smh.com.au/breaking-news-busin...90730-e1r4.html

Still wantin to know where yo dollars are goin son? You love child you!

[Heracles 417]

wonder if this article is from a credible AUS source?

Australian House Prices Are Severely and Seriously Unaffordable

In fact, according to the table below, Australia has over a third of the sixty housing markets ranked "Severely Unaffordable" by the survey. Two of the top three "Severely Unaffordable" markets are in Queensland. And eight of the top twenty "Severely Unaffordable" markets are in Australia, according to the survey.

Source: 5th Annual Demographia International Housing Affordability Survey

http://www.dailyreckoning.com.au/australia...ble/2009/01/27/

As I said to Danno earlier, why would a market be unaffordable? Why would it cost so much to buy in a market? Why does it cost over a million to buy a place in Manhattan but $140K in Dallas.

That actually proves my point about the growth and the demand.

Lets say I didnt, then what? Give up some of your cash, You wanna HELP. BY! Give us a link!

Com on baby show us how much you CARE! You to STEVE! Show us some LOVE!

I can see why you guys don't watch PBS.

[natty bumppo 297]

wonder if this article is from a credible AUS source?

Australian House Prices Are Severely and Seriously Unaffordable

In fact, according to the table below, Australia has over a third of the sixty housing markets ranked "Severely Unaffordable" by the survey. Two of the top three "Severely Unaffordable" markets are in Queensland. And eight of the top twenty "Severely Unaffordable" markets are in Australia, according to the survey.

Source: 5th Annual Demographia International Housing Affordability Survey

http://www.dailyreckoning.com.au/australia...ble/2009/01/27/

As I said to Danno earlier, why would a market be unaffordable? Why would it cost so much to buy in a market? Why does it cost over a million to buy a place in Manhattan but $140K in Dallas.

That actually proves my point about the growth and the demand.

were you selective reading?

Now before you write in defending the honour of Australia's housing market, let's be clear what the survey's designers consider unaffordable. They use a ratio of Median House Price to Median Household income. A house is "Affordable" if the ratio is 3.0 or less. It's "Moderately unaffordable" if the ratio is 3.1 to 4.0. It's "Seriously Unaffordable" if the ratio is 4.1 to 5.0. And it's "Severely Unaffordable" if the ratio is 5.1 or more.

Australia sports a ratio of 6.3, which is both "Severely Unaffordable" and "Seriously Daloob." New Zealand comes in next t 5.7, followed by Ireland at 5.4 and the U.K. at 5.3. Owing to its large number of metropolitan areas in which there is a wide variety of median prices and incomes, the U.S. nationwide ratio is just 3.2.

[Pinocchio Liberal 268]

I can see why you guys don't watch PBS.

Dude, you still aint sayin where yo love money be goin! Your throwin the love with no action.

Throwin a faky? Show me some LOVE, LIL MAN!

Edited September 2, 2009 by ={Rogue}=

[natty bumppo 297]

I can see why you guys don't watch PBS.

Dude, you still aint sayin where yo love money be goin!

must have found a good source for information ... BY only selectively read ... not discredit the article ... yet (that will be next).

[Pinocchio Liberal 268]

I can see why you guys don't watch PBS.

Dude, you still aint sayin where yo love money be goin!

must have found a good source for information ... BY only selectively read ... not discredit the article ... yet (that will be next).

Brass tacks dude! Fvckin lip service as always!