The coming collapse of commercial real estate
Posted By: Magnante, 6/27/2023 5:10:29 AM
I’ve telecommuted for over 30 years, which was a choice I made once home computers and the internet enabled me to establish a virtual law office. However, there’s a huge difference between individuals and small offices making lifestyle and economic choices and the lockdown’s brute force transition. (snip) commercial real estate is empty. (snip) Building owners are walking away from mortgages, leaving their empty office towers to the banks, which cannot possibly find tenants for them. The result is that we are looking at a coming commercial real estate collapse that could make 2008’s home real estate recession look like a cheery block party
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Magnante"
I’ve telecommuted for over 30 years, which was a choice I made once home computers and the internet enabled me to establish a virtual law office. However, there’s a huge difference between individuals and small offices making lifestyle and economic choices and the lockdown’s brute force transition. (snip) commercial real estate is empty. (snip) Building owners are walking away from mortgages, leaving their empty office towers to the banks, which cannot possibly find tenants for them. The result is that we are looking at a coming commercial real estate collapse that could make 2008’s home real estate recession look like a cheery block party
2024: How to Out-Compute the Left
18 replies
In 2024 Republicans cannot "out-fraud" the left, cannot "out-ballot-harvest" them, cannot "out-lawfare" them, cannot "out-media" them, cannot "out–contribution mule" them, cannot "out–Justice Department" them...but sure as hell can out-compute them — and that may do it.
The left owns the election apparatus — voting equipment, ballot-manufacturing, vagrant habitats, election commissions, media intimidation of judges not to look at election fraud and driving out any lawyer who raises a valid case.
Electioneering, by both sides, currently runs 1970s technology.
Leftists make good use of obsolete relational tech; Republicans, not so much.
In 2024, there is an opportunity to out-compute the left. Here's what it may look like.
Wilmington: The Next Netflix Series?
8 replies
This week, as accounts of the whistleblowers who blew the lid off the hampered investigations of the President’s crackhead son Hunter were made public, I imagined a writer making a pitch to producers for a dramatic program called Wilmington, a political version, if you will, of Dallas with more than a hint of the Godfather. Clearly, my proposed dramatization covers so much ground, it will have to be serialized. (snip) the story reads like the sleaziest of television series. There’s incest, the president showering with his young daughter per her diary which she left behind in a hotel room; tax cheating and sexual peccadillos -- Hunter
Yesterday, I noted the fascinating media response to the IRS whistleblowers’ testimony to the House Ways and Means Committee (snip) the New York Times, Washington Post and other pilot fish media that signal the news agenda to lesser outlets went with the story (snip) My sense that an inflection point had been reached, that the powers-that-be have decided that Joe’s corruption no longer can be successfully buried, was reinforced when White House Press Secretary Karine Jean-Pierre was hounded by the assembled reporters. [video] Now watch as NBC commentators -- usually found in the lickspittle faction -- pile on (snip) Joe’s time is up.
It took over 8 hours for the biggest of the big foot corporate media to decide to publicize the evidence of Biden family criminality exposed by the IRS whistleblowers. But when they did, they did it bigtime. (snip) The dam broke! Hours and hours after the story broke. (snip) Call it a conspiracy theory if you wish, but what explains the belated timing of publication of this story among all these pilot fish propaganda organs that signal other members of the Democrats’ media apparatus which stories are to receive coverage and which are not? (snip) The signal to Joe and Dr. Jill is clear.
After 5 years of investigation, and a damning amount of publicly available evidence, Hunter Biden got a sweetheart plea deal from the Department of Justice. The son of the President was given a deal that would have never been offered to Donald Trump (snip) But the outrage shouldn’t be about a crackhead deadbeat escaping justice. Hunter Biden is of no consequence to our society. But what it indicates is very significant. Our criminal justice system is broken. (snip) His only significance is that he is also a metaphorical fingerprint – a piece of evidence exposing serious wrongdoing.
Apparently as a counterpart to the ongoing lavish media attention paid to “Pride Month,” a media black hole has opened up and swallowed a horrifying story of 4 children, ages 5 to 10, rescued from a transsexual sex party in a Boston housing project that turned deadly. Nary a word about it from monarchs of mainstream media, including the hometown Boston Globe. But the always lively Boston Herald either didn’t get the memo or didn’t care. (snip) there were drugs, alcohol, sex toys all around the apartment as well as a dead body on the floor.”
If these reports from someone close to Tucker Carlson are true – and I bet that they are – some very talented people seem to regard Fox News as a sinking ship and are hopping off.
Chadwick Moore, a frequent guest on Tucker Carlson’s former Fox News show and the author of a forthcoming biography of Tucker, revealed Saturday that 9 former staffers of his show have left the network to work for their old boss as he rolls out his new program on Twitter… and quite possibly a slate of other offerings there as his organization builds. (snip) MSNBC just took the title of most-watched cable news channel.
Call it a “Freudian slip,” where a person accidentally says what she really is thinking. Stacey Plaskett is a nonvoting member of Congress, a delegate representing the US. Virgin Islands in the House of Representatives. She was born and grew up in New York City, and graduated from the elite and expensive Choate Rosemary Hall prep school in Connecticut before going on the School of Foreign Service at Georgetown and law school at American University. (snip) She’s no loudmouth dummy, and instantaneously recognized what she said and corrected herself to say “stopped” in place of "shot," but that bell can't be unrung.
Same Plot, Different Actors
17 replies
Just as Hollywood seems stuck on the notion of releasing new versions of once-popular films using new actors, the corrupt Department of Justice seems to be using the same tattered playbook once again in the preposterous and ill-considered indictment of President Trump. Only if you saw the originals, you know the plot tricks this time.
I refer you to the Lewis “Scooter” Libby and Senator Ted Stevens cases I’ve written about here. (snip) Here are some of the common features: Count Stacking -- that is, separating a single matter into multiple counts for the purpose of poisoning the public, sensationalizing the case
There is nothing more fundamental to electioneering than taking a list of registered voters, knocking on their doors, pitching your candidate, handing each a flyer, and getting them all out to vote.
This is the building block of election management. It is stunning how absolutely incompetent the Republican Party is performing this fundamental task.
Last week, NBC News did a story about how the canvassing for Republican candidates was so bad that it likely lost the Senate elections in Nevada and Georgia, and probably others as well.
Our Republican Party pals could not deliver a list of voters that was close to accurate!
The Decline and Fall of the American Empire
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A cursory examination of history reveals that the United States is mired in the same process that precipitated the collapse of the great empires of the past. The foibles and failures of human nature and their impact on the rise and fall of empires is amazingly consistent and the end result always inevitable. Can this nation avoid a similar fate?
Empires are defined as great military and economic powers encompassing large occupied or controlled land areas. Although they vary greatly, they average around 250 years in duration. The United States will be celebrating its 250th anniversary in 2026.
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Tuesday “CNN This Morning” played a video of former Rep. Liz Cheney (R-WY) saying the United States is “electing idiots” while speaking Monday night at an event in New York City’s Center for Culture and Arts.
Co-host Phil Mattingly said, “Liz Cheney spoke last night. She is always so subtle. I want you to take a listen to something she said.”Cheney said, “What we’ve done in our politics is create a situation where we’re electing idiots. And so, I don’t look at it through the lens of, is this what I should do or what I shouldn’t do.
Admiral Rachel Levine, the Assistant Secretary for Health for the U.S. Department of Health and Human Services (HHS), has declared, as Pride month is coming to an end, that it should be a “Summer of Pride.”
“Happy Pride! Happy Pride Month, and actually — let’s declare it a summer of Pride. Happy Summer of Pride.”
The admiral, who is transgender, posted the message on the official HHS Instagram account, and posted similar sentiments on Twitter:
Pride month originally began as a commemoration of the Stonewall riots of late June1969, when activists rioted against police raids on the Stonewall pub, where gay men had been known to congregate and meet.
Washington — Systemic negligence, misconduct, and overall under-resourcing among federal prison staff and facilities contributed to the conditions that enabled financier Jeffrey Epstein to die by suicide in his prison cell, the Justice Department's inspector general concluded in a report released Tuesday.
The 66-year-old financier was found dead in his New York prison cell in 2019 a little over a month after federal authorities took him into custody for the alleged sex trafficking of minors. He was accused of exploiting and abusing dozens of underage girls and utilizing a network of employees to ensure continued access to victims, according to
Leave it up to The Atlantic to tell us we've got too many food choices in a grocery store, and for our own good, we ought to have less.
That's pretty much what writer Adam Fleming wrote in his plaintive cry against too much choice at the grocery store.
On a recent afternoon, while running errands before I had to pick up my kids from school, I froze in the orange-juice aisle of a big-box store. So many different brands lay before me: Minute Maid, Simply, Tropicana, Dole, Florida’s Natural, Sunny D—not to mention the niche organic labels. And each brand offered juices with various configurations of pulp, vitamins, and concentrate.
Hunter Biden and his Arkansas baby mama have settled their bitter, years-long paternity battle over the daughter the First Son refuses to meet.
Hunter and former flame Lunden Roberts submitted an agreed order to Independence County Circuit Court on Monday afternoon for Circuit Judge Holly Meyer to approve, DailyMail.com has learned.
The document will become public within the next 24 hours but with heavy redactions to keep the full financial arrangements of four-year-old Navy Joan Roberts’ upbringing a secret.A New York Post report published last week suggested that Roberts, 32, had signed a deal agreeing to slash the $20,000 Hunter pays each month to just $5,000 after he pleaded financial hardship.
However
Democrat-run New York City is ready to hit residents and visitors alike with a “congestion charge” after federal approval was granted Monday for its first-in-the-nation plan to impose big tolls to drive into the most visited parts of Manhattan.
The program could begin as soon as the spring of 2024, bringing New York City into line with places like London, Singapore, and Stockholm that have implemented similar tax impositions on drivers simply going about their everyday business.The news was announced within hours of NYC officials ordering pizzerias that use coal or wood-burning ovens to slice their carbon emissions by 75 percent or else face hefty fines,
Florida Gov. Ron DeSantis’s (R) net favorability rating plunged to an all-time low after his first full month on the presidential campaign trail, a Civiqs poll found.
In December, the Civiqs poll found that DeSantis’s net favorability rating was -1, with 46 percent having a favorable opinion of him compared to 47 percent unfavorable. (Tweet) As of June 26, DeSantis’s net favorability rating is -22, with just 34 percent of registered voters favoring DeSantis compared to 56 percent who hold an unfavorable opinion. An additional nine percent remained unsure.
Among independents, DeSantis’s favorability has drastically fallen. Compared to December when DeSantis held a +11 favorability rating among the critical voting bloc,
The Great Grift: More than $200 billion
in COVID-19 aid may have been stolen,
federal watchdog says 24 replies
in COVID-19 aid may have been stolen,
federal watchdog says 24 replies
Washington— More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years.
The numbers issued Tuesday by the U.S. Small Business Administration inspector general are much greater than the office’s previous projections and underscore how vulnerable the Paycheck Protection and COVID-19 Economic Injury Disaster Loan programs were to fraudsters, particularly during the early stages of the coronavirus pandemic.
The inspector general’s report said “at least 17 percent of all COVID-EIDL and PPP funds were disbursed to potentially fraudulent actors.”
As I expected (A Theory Of The Prigozhin Regime Change Farce), more and more commentators are openly asking what has seemed to me to be the obvious and key question. Larry Johnson frames the question in all its baldness this morning:
WAS PRIGOZHIN’S MUTINY A WESTERN INTELLIGENCE OP DERAILED BY RUSSIA’S SPIES?
I prefer the “regime change” narrative framing, because I believe that the circumstances point in that direction—that there was much more focus and organization behind this thing than “mutiny” or “uprising” would suggest. The rhetoric and coordinated actions all point toward the goal of regime change
Sen. Marco Rubio says he has privately heard from "public figures" who have "firsthand knowledge" about UFOs, but many of those individuals are fearful about the consequences if they make their claims public. Rubio told NewsNation this week that he has spoken to people who have "firsthand knowledge, firsthand claims of certain things" involving UFOs.
"Some are public figures," Rubio said. "I am trying to be protective of these people. Some of these people still work in the government, and frankly, a lot of them are fearful – fearful of their jobs, fearful of their clearances, fearful of their careers
Obama Rings the Reparations Bell
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As Black Lives Matters and their allies rev up the call for reparations, it is time to revisit what Milton R. Konvitz wrote in 1976 for the celebration of the Bicentennial of American Independence[1]:
In the late 1960s, when militant blacks staged demonstrations in various churches demanding a half-billion dollars in 'reparations' for three hundred years of subjugation and discrimination, a writer in an Anglo-Jewish journal formulated a demand for 'reparations from various nations on behalf of the Jewish people, including demands to the Vatican for the harm done by teaching that the Jewish people were guilty of deicide and for the promotion
New York City Mayor Eric Adams (D) has brought the city to a new milestone with border crossers and illegal aliens now outnumbering New Yorkers in homeless shelters.
According to NBC New York, the city’s homeless shelters are filled more with newly arrived border crossers and illegal aliens than New Yorkers, the latest figures reveal. “The tipping point took place Sunday, when 50,000 migrants were in the City’s care, outnumbering the 49,700 local shelter residents,” NBC New York reports:Among the takeaways: the NYC shelter system has essentially doubled in size, due to the influx, mostly from Latin American countries including Venezuela, Ecuador and Colombia. [Emphasis added]