TRAGEDY ON THE STREETS OF OAKLAND

TRAGEDY ON THE STREETS OF OAKLAND

Again and Again. It seems like Oakland is a city that, always has its shootings. If it is not some innocent getting shot because they were in the wrong place at the wrong time. A mental disturb person getting shot to death by the police, where they could have been wounded to live another day. A man laying face down and hand cuffed getting shot to death. Oakland’s Police Department has been known for profiling. Some of the people are tired of it. Don’t get me wrong it was a sad day Saturday, for the four officers who lost there lives and the grieving families. It is also sad, for the family of the gunman. I think if something is not learned from this tragedy on part of Oakland Police Department, Parole System and the Citizens of Oakland. This is going to happen again and again.


LM

AIG FRAUD

AIG FRAUD

I can’t believe the audacity of the AIG. To pay millions in bonuses, after they whined that they needed help. What are they thinking; the tax payers
are going to take that? Everybody needs help in one way or another, more than those fat cat’s with the big homes 6 figure income & vacation homes etc. I don’t think so!! AIG is a big Fraud.


LM

American's debt might be a risk

From the research paper co-written by the vice chairman of the Federal Reserve, it is observed that the rapid increase in house prices in the United States is the main cause of consumer debt soared in the past six years.

This debt was then used by the consumers to finance more expenses, serving to remain the economy rising at a well speed since the last financial depression ended in 2001.

But the boost of debt "is not likely to be repeated," the authors mark, unless house prices increase as fast as they have in the current past and mortgages happen to even easier for borrowers to pull out. Economists state both actions are very doubtful.

House values are already declining to a great extent of the United States, and mortgages have turned into harder to get.

A sample move - the information that the population is grown-up and better-off than it previously was - clarifies part of the increase. So do financial improvements that have made it easier to make use of money? But "the increase in house costs - mainly, but not solely, over the early six years - emerges to have played the vital role," the authors mark.

The elevated home prices have strained some families to have a loan to buy a home, while also making homeowners feel richer and further willing to get in debt. In some matters, families have capacity to take on more debt than was intelligent. The analysis implies that the U.S. economy could raise less fast over the next few years than it has in present.