2010-06-03, 23:29 | Link #7661 |
~AD~
Join Date: Oct 2006
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Obama Cancels Trip to Indonesia
He cancels his visit to Indonesia and Australia for the second time. Many islamic extremist and "lazy" college student in Indonesia will be delighted to see this info. |
2010-06-04, 00:57 | Link #7662 | |
Senior Member
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Because if this were true, ant not some mistake, the amount of Foreclosures would EXPLODE 100x easily. |
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2010-06-04, 01:36 | Link #7663 | |
Senior Member
Join Date: Sep 2009
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Finance chief Kan to become Japan's prime minister
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2010-06-04, 01:48 | Link #7664 | |
Senior Member
Join Date: Feb 2009
Age: 35
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2010-06-04, 02:35 | Link #7665 | |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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Quote:
Most of the links I can find with a few moments of google are about the programs the government has tossed in to try avoid the explosion. But here's some: http://ezinearticles.com/?Bank-of-Am...ge?&id=4104980 http://www.governmentrefinanceassistance.com/ http://www.guidespot.com/guides/cant...ortgage_upside The last one discusses the plight and possible solutions of homeowners who, for example, drop from two-income earners to one income-earner. Their stocks and investments also tanked (typically dropping 30-50%). The loan companies won't let them refinance to a lower mortgage rate because the existing loan is upside down. They're stuck with a house payment of 50-80% of their new level of income and the spiral of financial worth being siphoned away commences. As for finding a new second income, average unemployment is stretching from six months to well over a year for most middle class "white collar" workers. There are job sectors that have sustained permanent job losses. There's no work programs, there's no retraining programs (retrain to what?), companies aren't hiring the overqualified. The remainder of their assets have diminished value and it doesn't take long to zero those out trying to keep up. Basically, the "big boys" dropped a nuclear finance bomb on the middle class after spending a couple of decades encouraging them to all go stand out in the open.
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2010-06-04, 07:40 | Link #7667 | |
Honyaku no Hime
Fansubber
Join Date: May 2008
Location: In the eastern capital of the islands of the rising suns...
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Methinks Japan take this modern day seppuku thing a liiiiiittle too seriously. One major dispute and 'okay, he's gots to go'. Hasn't been a full year for the new gov and there's a new PM. Some things never change...
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2010-06-04, 10:55 | Link #7668 |
廉頗
Join Date: Feb 2004
Location: Massachusetts
Age: 34
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I don't understand this aspect of Japanese culture. Do people in Japan truly accept the notion that their own gain is second to society's? I'm not saying it is a bad thing, it is just hard to believe coming from America.
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2010-06-04, 12:03 | Link #7669 |
AS Oji-kun
Join Date: Nov 2006
Age: 74
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I don't find it surprising that Hatoyama fell; what I find more surprising is how poor a politician he turned out to be. He set himself up for failure on the Okinawa issue, and he managed to get involved in shady financial dealings after the DPJ's victory suggested the Japanese public had had their fill of corrupt back-room politics.
Kan seems a breath of fresh air in Japanese politics even if he's older than me. He has a rather non-traditional resume and isn't the offspring of another politician. Oh well, if they run out of options, Koizumi can always swoop in.
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2010-06-04, 12:31 | Link #7670 |
Takao Tsundere Cruiser
Join Date: Oct 2008
Location: Classified
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People power at Moffett funeral
Good for them. Show them violence will not intimidate the people of Belfast. World 'watching England fans in South Africa' So how long will the English fans behave until it's "hooligan time" again? Engineers defend World Cup football amid criticism Heh, whiners.
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2010-06-04, 13:33 | Link #7672 | |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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Quote:
Hatoyama ... I actually somewhat liked the guy but he was toast after breaking his promise to do something NEW AND DIFFERENT about the Okinawan US base. It sounds like Kan is being more pragmatic for now. Its kind of a shame because most of our friction comes from poorly behaved antics of a few US servicemen. More cultural training and stomping down hard on miscreants without delay would go farther...
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2010-06-04, 14:21 | Link #7673 | |
Rawrrr!
Join Date: Mar 2008
Location: CH aka Chocaholic Heaven
Age: 40
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For instance here in most of Europe, the concept of one putting it's personal gain before common interest is almost universally seen as selfish if not antisocial behavior, similar to a gangster. Conversely, shared gain and social advances are glorified. On another subject: Space X launch of Falcon 9 rocket successful.
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Last edited by JMvS; 2010-06-04 at 14:49. |
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2010-06-04, 15:07 | Link #7674 | |
Sensei, aishite imasu
Join Date: Mar 2008
Location: Hong Kong Shatterdome
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Allot of these banks haven't been able to provide this physical documentation for up to a year now. With all the places that went belly up after the crash, it wouldn't be surprising to think that there are boxes full of these things that just got tossed out with nobody keeping track of what they were or where they went. |
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2010-06-04, 17:29 | Link #7675 |
廉頗
Join Date: Feb 2004
Location: Massachusetts
Age: 34
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I didn't mean to come off as saying the US is the 'norm.' I actually learned about the Geert Hofstede Analysis which ranks America among the highest in individualism (behind Australia). Japan is, as expected, among the lowest in individualism. I just find the self-sacrificial quality of Japanese culture almost alien, based on my own experience.
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2010-06-04, 22:57 | Link #7676 | |
Senior Member
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I've always loved that fact about America. I have no problem with Europe and America being different in this regard. Let us succeed or fail on our own values. I do not wish to see America fundamentally changed. Though some small change is good, the foundation has worked very very well for us these past 200+ years. |
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2010-06-04, 23:32 | Link #7677 |
Observer/Bookman wannabe
Join Date: Oct 2006
Location: Singapore
Age: 38
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May the best system win.
On the mortgage system in the States, is it anything like the credit system where you can pay a minimum sum (and watch the debt snowball), or you can pay more per installment and end up paying less interest?
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2010-06-05, 00:09 | Link #7678 | |
Senior Member
Join Date: Feb 2007
Location: USA
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Man shoots self in testicles, causing fear, silence
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http://seattletimes.nwsource.com/htm...ooting04m.html |
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2010-06-05, 02:35 | Link #7679 | |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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Quote:
The "second loan" torpedo is actually mentioned in a couple of the links - if I find a specific article, I'll link it.
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Last edited by Vexx; 2010-06-05 at 17:47. |
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2010-06-05, 05:58 | Link #7680 | |
Honyaku no Hime
Fansubber
Join Date: May 2008
Location: In the eastern capital of the islands of the rising suns...
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Quote:
It's nature's way of telling him 'no kids please' xD
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current affairs, discussion, international |
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