Quote 14 May

Discipline is the bridge between goals and accomplishment.

Jim Rohn

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As part of his “To Do List,” President Barack Obama visited Val and Paul Keller on Friday. The White House described them as “responsible” homeowners who owe more on their mortgage than their Nevada home is currently worth. They owe $168,000 on their mortgage, but their Reno home is currently valued at $100,000. The president is doing so to, “help demonstrate a concrete and tangible example as to why this broader push [to refinance] is so important not only for millions of Americans but for our economy,” said Shaun Donovan, secretary of Housing and Urban Development, in a conference call with reporters before the event. During that call, Donovan used the words “responsible homeowners” more than a dozen times, in describing whom the administration’s proposed refinance programs should help. It is not the Kellers’ fault that home prices in Reno are down 52 percent from the peak, right? The Kellers bought their house 14 years ago, and they have not been late on a mortgage payment, according to Donovan. They were able to take advantage of the newly expanded government refinance program through Fannie Mae and Freddie Mac for severely underwater borrowers, and they are in fact putting some of their savings on the monthly mortgage toward paying down principal. But were they responsible? The Kellers bought their home before the height of the housing boom. The trouble I’m having understanding this whole scenario is that the median home price in Reno is actually 7 percent higher today than it was 14 years ago. If the Kellers had a “responsible” loan, that would be a 30-year fixed, in which case they should have paid at least some principal on the loan over the last 14 years. And didn’t these “responsible” borrowers, the Kellers, put some money down on the home?   We went looking: According to Washoe County records, the Kellers purchased their home in June 1998 for $127,000. So why do they have, according to the White House, a $168,000 mortgage? White House officials now confirm to CNBC that the Kellers did a cash-out refinance in 2007, when their home had appreciated to $250,000. Again, it’s not illegal, but are these the “responsible” borrowers that the administration is looking to help? They took out a $178,000 loan, using the $51,000 to pay down debt on the family construction business, so Paul could retire. Had they not taken that money out, and continued paying on the original mortgage, they would not be underwater today. “This is a family, first and foremost, that has met their responsibility, remained on time with their mortgage and used their equity in their home in a way that so many Americans do, to send their kids to college, support a small business or save for retirement,” said Donovan, whom we contacted after learning of the refinance. “They deserve the chance to benefit from these record low interest rates because they have met their responsibilities.”   Another administration official familiar with the Kellers’ case says the couple were responsible because despite the incredible runup in home prices, they did not take all the equity out of the house. “She did not use her home as an ATM in the sense that we saw during the crisis, because she didn’t cash out all of the equity leaving her no cushion. She had a 71 percent LTV (loan to value ratio), or 30 percent equity in her home. That is by almost any definition a very responsible position to be in,” he added. In the past, Obama has criticized borrowers, who at the peak of the housing bubble, pulled money out, referring to it as using their house as an ATM. LTV, Donovan and the other administration official claim, is not a minor issue. So it seems they are defining “responsible” as a borrower who maintains an equity cushion in the house, even when that house price has nearly doubled in just eight years. “This was truly 100 year flood, and so lots of people who had 20, 30, 40 percent equity in their homes now find themselves underwater,” says the White House official, who also commends the Kellers for not walking away from their mortgage.    

14 May

Obama’s ‘Responsible’ Reno Homeowners: Are They? -via cnbc.com

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Link 14 May

5 Things I Learned from My Entrepreneur Father

Image 14 May

Thas that bull isht!!!
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‘First Gay President’: Newsweek marks Obama’s landmark announcement with controversial cover
• Magazine attempts to trump rival Time in battle for eye-catching image• Commemorates Obama’s announcement that he supports gay marriage• Senator Rand Paul says President’s views ‘couldn’t get any gayer’In a gutsy move, Newsweek has released the cover of their next issue, on the cover of which they depict President Obama with a rainbow halo and the title of ‘The First Gay President’.

The news-magazine, which hits stands today, is using the shock factor of labeling the straight, married, father-of-two President to draw attention to itself.

Tina Brown, who edits the magazine and its sister website The Daily Beast, is known for her love of controversial covers to help boost public interest and sales.

Read more by clicking pic.

(Source: http://www.dailymail.co.uk/news/article-2143889/Newsweek-names-Obama-The-First-Gay-President-shocking-cover-talking-support-sex-marriage.html#ixzz1uqnHWpnX)

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Link 14 May

Report says 230,000 unemployed losing benefits over weekend – The Hill’s On The Money

Link 14 May

Report says 230,000 unemployed losing benefits over weekend – The Hill’s On The Money

Video 14 May

Address to the People of California: Governor Brown Discusses 2012-2013 State Budget (by GovernorBrown)

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So Cali, the land of fair and great is falling fast and faster….

Any thoughts on how to save them?

How about we work on saving your personal economies?

lets chat- changeinadvance@gmail.com

(Source: http://www.youtube.com/)

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Quote 14 May

Anyone who has had to loosen their belt after enjoying a big meal may be reassured to know their weight gain was not in their imagination, as scientists find fat reaches the waistline as little as three hours after a big meal.

Fat reaches waist just three hours after a big meal – Telegraph

Video 14 May

World’s Scariest Drug (Documentary Exclusive) (by vice)

The most dangerous drug in the world: ‘Devil’s Breath’ chemical from Colombia can block free will, wipe memory and even kill

  • Scopolamine often blown into faces of victims or added to drinks
  • Within minutes, victims are like ‘zombies’ – coherent, but with no free will
  • Some victims report emptying bank accounts to robbers or helping them pillage own house
  • Drug is made from borrachero tree, which is common in Colombia

By Beth Stebner

PUBLISHED: 17:44 EST, 12 May 2012  | UPDATED: 08:43 EST, 13 May 2012 

A hazardous drug that eliminates free will and can wipe the memory of its victims is currently being dealt on the streets of Colombia.

The drug is called scopolamine, but is colloquially known as ‘The Devil’s Breath,’ and is derived from a particular type of tree common to South America.

Stories surrounding the drug are the stuff of urban legends, with some telling horror stories of how people were raped, forced to empty their bank accounts, and even coerced into giving up an organ.

(Source: http://www.youtube.com/)

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Free Apps for Blackberry. Some repeats but hey, I did the leg work.

14 May

FREE APPS
Been a while since we had some good app sharing on BBM, so here’s a few u might like..

==> Fancy Characters
This is the app that gives u a lot of cool new smileys and symbols to use.. ⊙.◎
http://appworld.blackberry.com/webstore/content/7401

==> Wikitude
Use this App to Broadcast your location, meet new people locally with BBM and integrate your digital world through ya bb
Augmented Reality »>
http://appworld.blackberry.com/webstore/content/50381

==> Chat Lock
For those of you that wanna keep your FB and BBM Chats private.. I mean idgaf.. Got nufin to hide
http://appworld.blackberry.com/webstore/content/91069

==> FourSquare
Great App for locatn new places to eat chill and etc.. Also great for reviewing the opinions of our trusted BBM community..
http://appworld.blackberry.com/webstore/content/6921

==> Barcode Scanner
This ones cool for scanning pretty much anything on the move.. When I see sumn I like an they dun got my size.. I scan and order online.. Yeap #bigniggasstruggletoo
http://appworld.blackberry.com/webstore/content/48843

==> Kayak
If u seen the commercials u know what it is.. Good for my jet-set Crew..
http://appworld.blackberry.com/webstore/content/2890

==> Free Flash Light
This one turns ya phone into a bright ass flash light.. Good in emergency situations I’m sure..
http://appworld.blackberry.com/webstore/content/90684

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