Student Airport Threat in Long beach

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I usually don’t like writing about stories like these but this one brings to mind two things.  First how terrorism is winning an insidious war and second, you can do the stupidest things when you are young.

A South Florida college student was arrested after authorities said he called in a bomb threat at the airport.  The reason was, he arrived late for his flight, was prevented from boarding, and got upset so he resorted to terror in a nutshell.  He eventually admitted there was no bomb and to being upset because he could not board the plane.  Short of this being a sad case of not taking responsibilities for your acts, it also raises another question, what kind of person loses himself to threatening others?  More to the point, is what type of education was he lacking?  What can be done to prevent what seems to happen more and more, lack of responsibility and lashing out on to others for your own shortcomings?  This is also a reflection of our society where people do not scratch the surface very often, preferring looking cool than actually being cool.  Remember, it is not the monk’s robe that makes the monk.  It’s who she-he is inside.  The amount of work he-she has done on her-himself.

The other point I mentioned before is that terrorism is exactly that, creating and instilling terror in the heart and mind of a society.  And at that, the so-called terrorists are winning.  We cannot take an airplane without liquids, laptops, finger nail clippers, etc.  What is the point of flying anymore?  Thank goodness we have teleconferencing.  The media is not helping either.  All the headlines seem to have to do more with sensationalism than reporting the correct truth.

I lived in Paris in the eighties when bombs were blowing off virtually everywhere, supermarkets, trains, city squares.  It was scary but no one gave in to panic.  Here is an even better example, Israel.  We could learn a big lesson from a country that gets hit very often, rebuilds and comes back to the same place that got hit and look like life goes on.  Much like Lebanon did for the last twenty years, it humbly rebuild itself and continued as if life did indeed go on.  Instead over here we are caught in a whirlwind of what-ifs and maybes and false-positives.  I just think we should not lose our cool and prove the point that no matter what terrorists think, we will not deter.  We will continue living and continue being what makes us great, thrive and being aware of our neighbors.

Scam-Proof Your Life, Almost, Long Beach

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A book called "Scam-Proof Your Life: 377 Smart Ways to Protect You & Your Family from Ripoffs, Bogus Deals & Other Consumer Headaches" caught my attention.  It did for two reasons, because the title was catchy of course but also because what kind of society do we have to have books like that?

It doesn’t just talks about scams, but also when to buy cheap airline tickets. Well, it turns out it’s Wednesday from midnight to 1a.m. in the time zone of the airline’s "home base.".  That’s when most airline’s computer systems flush the reserved but unbooked lower fare reservations.  Get your tickets after 1 AM I guess.

Thornberg Point Of View on California Housing, Long Beach

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I don’t like predicting and I rarely pay much attention to experts.  However, I find it interesting to hear what these people have to say.  You just never know.  One might actually hit it right.  Ultimately, who pays the prices for homes?  The buyers.  The buyers decide the prices, not the experts or the media.

UCLA Professor Christopher Thornberg thinks that the existence of the bubble has now been replaced by a debate over how hard a landing it will be, whether home prices will drop, and what it means for the rest of the economy.  He believes we have not come close to the bottom of the market, and it promises to be painful.

Everybody talks about bubbles but no one really defines it.  His definition of it is when the market price of an asset is misaligned with its fundamental value.  Those mis-valuations are driven by speculators who believe in exceeding normal appreciation.  What a housing bubble is not, is a period of time when asset prices fall sharply according to Thornberg.  If the market slows down. housing prices fall slowly as a result. This can mean that prices stay overvalued for years.

The California employment markets rates remain fairly low, at 5%.  However there is a slowdown in job creation since the beginning of the year.  Here the pace of job creation in the latter part of 2005 has halted.  That is something we rarely hear on the news and is as important as a theoretical bubble burst.

 You can read Calculated Risk’s post here.