Speramus Meliora; Resurget Cineribus…again, Jesse Jackson opposed to displacing abandonment, and a case study in supply and demandBy
Mrs. O’Leary should shoot that damn cow
Remember learning about the Great Chicago Fire in history class and how 19th century cities were basically tinderboxes on the brink of burning down? That’s pretty much the reality of life in present day Detroit. As we learned during last night’s 85 fires, a little wind and an illegal power hook-up can pretty much burn Detroit to the ground. Also a dangerously undermanned, underequipped fire department. Like in Backdraft! Damn you Alderman Swazack. Get yourself a fire extinguisher, a garden hose, and pray for Chapter 9. This town is maybe one budget cut away from open sewers and roving gangs of cockney pickpockets. (Freep)
A bellwether day of awfulness
If the 85 fires (all caused by flammable high winds) wasn’t enough of a punch in balls, how about the shooting at Mumford High? On the first day of school. Robert “Bob” Bobb’s late bus doesn’t seem like a big deal anymore. Our good friend, the Rev. Reverend David Murray, explained on WDET last summer how the school board’s stellar efforts reduced school violence. He ignored the recent Cody shooting because it technically happened away from school grounds. Using that logic we can discount this shooting because it started with a summertime feud. When school wasn’t in session. Everything is super. (Freep)
Really? Was it really that easy? Seriously?
The state’s budget mess is solved! After all those budget battles of the last few years, turns out all Lansing had to do was refinance a little debt, make a 3% cut, and durka doo everything is swell. Hey, that’s great. Thanks to the super work of Jennifer Granholm, Mike Bishop, and Andy Dillon, Michigan’s next governor will have a super-easy time now that Michigan’s structural budget deficits have been solved forever. Pay no attention to that MBT surcharge behind the curtain. Again, everything is super. Thanks Team Granholm-Bishop-Dillon! (DetNews)
Jesse Jackson’s cognitive dissonance
If Jesse Jackson insists on hanging around Detroit, he really should pay resident income tax. The guy literally won’t go away. It’s getting ridiculous. Yesterday, the once relevant Jackson voiced his opposition to urban farming. And yes, the whole let’s-grow-enough-food-to-feed-ourselves hippie claptrap is obnoxious and smacks of WorldNet Daily “crisis garden…also gold” paranoia, but that isn’t Jackson’s problem with citified agriculture. He’s afraid urban farming will displace residents because abandoned houses will be demolished. We wouldn’t want to displace residents of abandoned houses. That would be awful. (Freep)
Who is building new homes?
Supply and demand is a pretty basic concept. When there’s a surplus in supply, it means there’s more of something than there is demand for that said something in the marketplace. This is always the case except in the housing market where, despite nose-diving home values, record foreclosures, and a stagnant population, people are still building news homes. And other people pretend increasing housing supply while demand is at an all-time low is a good thing for the economy. It’s probably a good time to re-read Michael Lewis’ The Big Short. Not as a cautionary tale but as a how-to manual. I’ll short my way to a Caribbean-edition of Dyspathy. (Crains)
Things that should surprise no one
Who would’ve thought the scion of the Powerhouse Gym empire might turn out to be a violent psychopath. After all, that Powerhouse logo with that juiced guy lifting the giant barbell in no way reflects the kind of culture that condones ‘roid rage or unnecessarily violent machismo. It’s like those guys on Jersey Shore. They only get into fights because people keep hassling them. Same thing with Peter Dabish. He probably has a good explanation for (allegedly) torturing and killing his girlfriend. (DetNews)
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