Posted in Central Planning on Aug 21st, 2011
I enjoy reading the Rochester City magazine. In the back of this week’s issue is an ad from SONYMA proudly offering: 30- or FORTY-year fixed interest rates that are typically below market; Financing up to 97%; Flexible underwriting guidelines; Down payment assistance (higher of $3,000 or 3% of the loan up to $15,000); No points; […]
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Posted in Extended Order, Regulation on Aug 21st, 2011
This is by no means meant to be relativist. Earlier this week we discussed some of the problems with the Fractivist movement – among them was the possibility of fracking fluids contaminating wells. I understand that this is a real (and controllable) problem. Do any of you recall the US government mandates to put oxygenates […]
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Posted in Central Planning on Aug 21st, 2011
Via NIRS: the nuclear energy sector was the recipient of at least 96% of all funds appropriated by the U.S. Congress between 1947 and 1998 for energy related research and development. That’s roughly $200 billion in today’s dollars. My point: despite the excellent safety record of nuclear in the U.S., and its still reliance on […]
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