A Russian joke behind the Crimean joke about the U.S. joke

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A Russian joke behind the Crimean joke about the U.S. joke

Guy who can’t carry his own golf bag around makes gay handbag joke because … athletic.

By TBogg
Tuesday, February 25, 2014 14:39 EST

Steve Elkington, who makes his living walking around on well manicured lawns whacking at a little white ball while a gallery of mostly white guys maintain complete  silence so as not to distract him from his athletic endeavors, is kind of unhappy that a gay is going to play in that football league that competes for Sunday viewers with the JPMorgan/Rolex/Lear Rich Guys Watch Us Because They Think It Is A Sport Greater Hartford Open.

So Elkington, who chases that little white ball around on private country club courses using implements drawn from a bag that is carried by someone else who is in shape, or sometimes drives from shot to shot in an adorable little electric car, took to Twitter to express his dismay about the gay invading the fraternity of athletes to which he marginally belongs.

What is Southeastern Conference Defensive Player of the Year Michael Sam doing at the NFL combine that has your plaid pants wedged up your butt, Steve?

That is rich. Anything else:

Care to clarify?

So it’s not really the gayness that bothers you. It’s the damn MSM shoving gayness down your throat.

Duly noted…

The Raw Story

Guy who can’t carry his own golf bag around makes gay handbag joke because … athletic.

Financial Crisis a Joke at Secret Wall Street Party

(Newser) – After ruining the global economy, why not celebrate with a party that features homophobic jokes and musical acts in drag? That’s what reporter Kevin Roose discovered when he sneaked into the 2012 annual black-tie induction ceremony of Kappa Beta Phi, a secret Wall Street fraternity that’s been around since 1929. Big cheeses like billionaire investor Wilbur Ross, AIG CEO Bob Benmosche, and former Bear Stearns chair Alan “Ace” Greenberg took in the event’s camaraderie and heavy drinking at New York’s St. Regis Hotel ballroom in 2012. Among the lowlights:

• A private-equity executive at Welsh, Carson, Anderson & Stowe told jokes like, Q: “What’s the biggest difference between Barney Frank and a Fenway Frank?” A: “Barney Frank comes in different-size buns.”


• Bill Mulrow, top Blackstone Group executive, donned tie-dye clothes to portray a “liberal radical” while a hedge fund manager berated him: “Bill, look at you! You’re pathetic, you liberal! You need a bath!”


• Investment banking CEO Warren Stephens hit the stage draped in a Confederate flag and sang a financial-crisis song to the tune of “Dixie”: “In Wall Street land we’ll take our stand, said Morgan and Goldman. But first we better get some loans, so quick, get to the Fed, man.”

Writing about the party in his new book, Young Money (excerpted at the Daily Intelligencer), Roose describes how the Wall Street types eventually spotted him and shuttled him into the hall—where they promised to take his calls if he “could just keep their privacy in mind.” Obviously, Roose didn’t play ball. His take-away from the event? “The upper ranks of finance are composed of people who have completely divorced themselves from reality. No self-aware and socially conscious Wall Street executive would have agreed to be part of a group whose tacit mission is to make light of the financial sector’s foibles.” Click for the full excerpt, including juicy photos and audio from the party.

Newser

Financial Crisis a Joke at Secret Wall Street Party

Joke Headline of the Day: "Pending Home Sales Rise"; Five Housing Headwinds

Joke Headline of the Day: "Pending Home Sales Rise"; Five Housing Headwinds
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_JXM98EicGnzOz1Il6Mq6CUZhB1cPfqQTajJKoiof2L7c2LkqBPYkFW9w6x7YqkV3FmhpTMRvoTrLY3iaXxVd6c6bH9i8jbr0nbi_p6oFAjwa7jZKsjXUHr90Tq0jI0BFNasWBksbOlo/s400/Pending+Home+Sales.png

I was perusing online stories about today’s release of pending homes sales data from the National Association of Realtors. Here are a few sample headlines.

NAR: Pending Home Sales Edge Up in November
CNBC: US pending home sales rise 0.2 percent
Calculated Risk: Pending Home Sales Index increased 0.2% in November
Forbes: Pending Home Sales Tick Up In November, First Time In Five Months
Reuters: U.S. pending home sales end slide, hint at stabilization
Fox Business News: Pending Home Sales Rise Slightly, Miss Street View

One Headline Title Stood Out

Zero Hedge: Pending Home Sales Plunge At Fastest Pace Since April 2011

It took about one second to understand the discrepancy.

All but the ZeroHedge headline (not necessarily the articles) ignored the NAR statement (see first link) “The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inched up 0.2 percent to 101.7 in November from a downwardly revised 101.5 in October, but is 1.6 percent below November 2012 when it was 103.3.“

ZeroHedge has a chart that shows just that.

Pending Home Sales Year-Over-Year

It’s kind of easy for sales to be up when the previous month was revised lower. But how much lower? The NAR did not even say. Let’s take a look at monthly NAR reports to find out.

November 25 NAR: October Pending Home Sales Down Again, but Expected to Level Out: The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 0.6 percent to 102.1 in October from an upwardly revised 102.7 in September, and is 1.6 percent below October 2012 when it was 103.8. The index is at the lowest level since December 2012 when it was 101.3; the data reflect contracts but not closings.

October 28 NAR: Pending Home Sales Continue Slide in September: The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 5.6 percent to 101.6 in September from a downwardly revised 107.6 in August, and is 1.2 percent below September 2012 when it was 102.8. The index is at the lowest level since December 2012 when it was 101.3; the data reflect contracts but not closings.

September 26 NAR: Pending Home Sales Decline in August: The Pending Home Sales Index,* a forward-looking indicator based on contract signings, eased 1.6 percent to 107.7 in August from a downwardly revised 109.4 in July, but remains 5.8 percent above August 2012 when it was 101.8; the data reflect contracts but not closings. Pending sales have been above year-ago levels for the past 28 months.

August 28 NAR: July Pending Home Sales Slip: The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.3 percent to 109.5 in July from 110.9 in June, but is 6.7 percent above July 2012 when it was 102.6; the data reflect contracts but not closings.  Pending sales have stayed above year-ago levels for the past 27 months.

Note the October data (released November 25) showed the pending home sales index slipped a reported 0.6 percent to 102.1.
  
“Pending Home Sales Rise”

• Last Month: 102.1


• This Month: 101.7


• Result: Rise of 0.2

With all this revisionist history, these month-over-month comparisons seem rather meaningless. The chart posted by ZeroHedge shows the real story.

Lawrence Nun, the NAR cheerleader had this to say “We may have reached a cyclical low because the positive fundamentals of job creation and household formation are likely to foster a fairly stable level of contract activity in 2014“.

Five Housing Headwinds

1. Prices Up (Housing Less Affordable)


2. Interest Rates Up (Housing Less Affordable)


3. Insufficient Wage Growth (Housing Less Affordable)


4. Household Formation Poor (Lack of Buyers)


5. Poor Job Growth  (Lack of Buyers)

I suggest there is absolutely nothing that suggests a cyclical low.  The recovery has been fueled by excessively low rates, that are now rising sharply.

For further discussion of headwinds, especially the rise in interest rates, please see Average 30-Year Mortgage Rate Hits 4.47% (Not Counting Fees); Affordability Check

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com

Mish’s Global Economic Trend Analysis

Read more about Joke Headline of the Day: "Pending Home Sales Rise"; Five Housing Headwinds and other interesting subjects concerning Economy at TheDailyNewsReport.com

School Teacher Knocks Out 12-Year-Old Student Over A Joke About A Football Team

Articles upon Articles – by Z-rowe

A 7th grader from Beaumont, TX was knocked out by an assistant teacher from his math class last week.

According to 12-year-old Reginald Wells, the teacher blindsided him with a punch to the face after he made a joke about his teacher’s favorite football team, “The last person’s voice I heard was some girl saying that I should call my mom, and then he like hit me, and I blacked out.” Reginald told 12 News.  

The boy says the teacher first hit him in the shoulder, “and I looked at him like ‘what the heck?’’ And then Reginald says he pushed the teacher’s shoulder, and that’s when the teacher hit him with the knock out punch. Reginald, who weighs only 80 pounds, fell straight to the ground.

“The left side of my face was numb…my lip hurt…my head was hurt, like it had been shaken.” Says Reginald. The boy’s mother was briefed by the school’s principal about the incident…

“(The principal) said Reginald was punched, in the shoulder, and then hit two times and uppercut, and then slid across the floor. It weighed heavy on my heart, because I’ve never put my hands on my son.”

The most disturbing part of this story? The teacher was not even arrested. He was thrown out of the school and fired on the spot, but the teacher was not arrested. Reginald’s mother was shocked, “For you to just let a teacher do that to him and just walk off, he’s fired and walks off, I can’t accept that.”

According to Reginald, the teacher told him that he was having a “bad day” before school officials escorted him out. He did not apologize for knocking the boy out, though. The incident is currently being investigated by officials down in Beaumont.

Unbelievable. We all have bad days, but you can’t just knock out some 12-year-old who insulted your favorite football team. You’re supposed to go home and let all your anger out on a throw pillow.

Source: 12News

http://www.articlesuponarticles.com/2013/11/school-teacher-knocks-out-12-year-old-student-over-a-joke-about-a-football-team/

School Teacher Knocks Out 12-Year-Old Student Over A Joke About A Football Team

VIDEO: Teens Lose Phones

Teens Lose Phones. It’s inevitable. Be prepared. Today on DadLabs, we discuss the 5 Stages of Grief a teen goes through when they lose their phone….so as parents, if we learn and understand these stages, we won’t freak out. Sponsored by Asurion. Distributed by OneLoad.com

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VIDEO: Teens Lose Phones

Defense chief Hagel expresses regret over Taliban joke

U.S. Defense Secretary Chuck Hagel attends the opening ceremony of the Pentagon’s permanent Korean War exhibition near Washington June 18, 2013.

Credit: Reuters/Jason Reed

Reuters: Politics

Defense chief Hagel expresses regret over Taliban joke

Louis CK 9/11 joke