Well, sort of. Prices down maybe 20%, according to the WSJ. I’d suggest waiting for prices to fall 75%. I spent a fair amount of time on all three islands working on a guidebook about a decade ago and, while I liked St. John, I wouldn’t live on St. Thomas on a dare and St. Croix brought to mind Phil Sheridan’s quote, “If I owned Texas and Hell, I’d rent out Texas and live in Hell.”
I wonder, by the way, if our colony down south doesn’t provide a look at our own future here on the mainland, where only the government offers jobs and there is no work for those who aren’t friends of the ruling power:
Moreover, unemployment, while historically high, hasn’t changed over the past year, since a large proportion of the population works for the government rather than the more volatile private sector.
Better start working on joining the Teamsters or the NEA.
“Sir Fred” Goodwin, the man whose ego and greed drove him to try to expand the Royal Bank of Scotland into one of the big boys and instead brought it to ruin, is getting a $million pension per year, for life. He’s only 50, so unless an angry former employee or shareholder prevents it, he should live to collect a tidy sum. Asked to return at least part of that money, Sir Fred told the Brits to pound sand. He can’t say he earned it but I suppose possession being 9/10 of the law and all that ….
“There is a sense of fury that the government seems impotent, unable to act when the man chiefly responsible for the bank’s collapse is able to walk away with a pension that others can only dream of — and at the ripe old age of 50!” said Dave Pickering, a spokesman for the Edinburgh Association of Community Councils, in an email. “And what makes it worse is that we, the British taxpayers, are actually paying for it!”
A friend of mine who spent 40 years with RBS lost his job Sunday as the direct result of Freddie G’s deluded schemes. I imagine he’d appreciate receiving just a small portion of the man’s pension.
U2 and its leader, Bono, are under fire in Ireland for moving operations to the Netherlands to avoid a new tax on their earnings. Ho hum, another liberal who knows how he wants to spend my money and how he wants to hang on to his own. I’d say he’s ready for a cabinet post in the new administration but his fellow countrymen are accusing him of -gasp!-hypocrisy – say it ain’t so, Bono.
Hanging out in Palm Beach, according to my source down there, who called today with a Walt and Monica sighting.
Just in case you were wondering.
Well who ever would have suspected that? Okay, I mean besides just about everyone with an IQ higher than 12 who didn’t attend an Ivy League college. Still, just in case you “still buy your clothes in New Haven”, as that John Updike character liked to say, here’s the Wall Street Journal pointing out the obvious:
That didn’t take long. The same week that President Obama promised (again) that “95% of working families” would not see their taxes rise by “a single dime,” his own budget reveals that taxes will rise for 100% of everyone for the sake of global warming. Ahem.
You don’t even have to burrow into yesterday’s budget fine print to discover the “climate revenues” section, where the White House discloses that it expects $78.7 billion in new tax revenue in 2012 from its cap-and-trade program. The pot of cash grows to $237 billion through 2014, and at least $646 billion through 2019. If this isn’t tax revenue, what is it? Manna from heaven? The offset from Al Gore’s carbon footprint?
If it brings in revenue that the government then spends, it’s a tax, and politicians should start referring to it as such. The Administration in fact projects that these “climate revenues” will become the sixth largest source of federal receipts by 2019, outpaced only by individual and corporate income taxes, payroll taxes for Social Security and Medicare and (barely) excise taxes. We’re supposed to be living in a new era of fiscal honesty, so let’s start with cap and trade.
Of course it’s easy to see why Democrats don’t want the public to think of cap and trade as a tax. Tax increases aren’t popular, as Mr. Gore learned when he and Bill Clinton tried to impose a BTU tax in 1993. The complex cap-and-trade tax would ripple throughout the energy chain and ultimately the entire economy. All consumers, not just “the rich,” would pay more for goods and services that use carbon energy — though some would pay more than others. A majority of those “95% of working families” probably lives in the middle of the country that relies far more on manufacturing and coal-fired power than do the better-off coastal regions.
Mr. Obama’s Energy Secretary Steven Chu was refreshingly candid on this point with the New York Times earlier this month. Given that higher prices are supposed to motivate the changes necessary to reduce carbon energy use, Mr. Chu said he was worried that climate taxes may drive jobs to countries where costs are cheaper. “The concern about cap and trade in today’s economic climate,” he said, “is that a lot of money might flow to developing countries in a way that might not be completely politically sellable.” You are correct, sir.
340 Valley Road, one of those free-standing houses in a planned unit development, has sold for $2.360, a very good price (for the seller) notwithstanding that he was asking $2.7 million for it since 2007. The buyer obviously liked the price too.