The stock market is going up right now and projected to go higher. unfortunately they are ignoring the various warnings of a coming recession:
1: Oil is up to $70 a barrel
2: The subprime mortgage mess and the sudden halt of the real estate bubble.
3: Layoffs are starting up again
4: The overall economy is slowing down.
5: Milk now costs more a gallon than gasoline
Luckily this household runs on CASH not credit. We have zero credit cards and don’t borrow for anything. The only debt we have right now is our house and it is under(i would say protected) by a 30 year fixed mortgage. The only severe cost to our house here is the oil heat which we have supplemented with electric baseboard heat downstairs which is what the oil burner serves. If you are using credit cards for anything or have a variable rate mortgage..refi now to a fixed rate and pay off those credit cards..now.
This is amazing. Talk about an activist judge! He just said the people are not hte gov’t..the judges are. Hello oligarchy.
Article text below:
Judge Stops Ban That Would Forbid Apartment Rentals to Illegal Immigrants
Wednesday, June 06, 2007
A U.S. judge halted enforcement Tuesday of an ordinance banning apartment rentals to most illegal immigrants in the Dallas suburb of Farmers Branch.
The ordinance, the first of its kind in the United States, would require landlords to verify that apartment renters are U.S. citizens or legal immigrants before leasing to them. Some exceptions are made for the elderly and minors. ViolPrevenators face fines of up to $500 (euro369.5), and each day would be considered a separate violation.
The fight over the ordinance has taken on national importance in the ongoing debate over what to do about the estimated 12 million illegal immigrants in the U.S.
The judge already granted a temporary restraining order May 21, a day before the ordinance was to take effect, saying public approval of the ordinance does not mean the ordinance is legal.
The temporary retraining order will remain in effect until June 19, the judge ruled Tuesday. That is when the judge will decide whether to issue an injunction until all legal challenges to the ordinance are settled.
Attorneys for the city had no comment after the hearing.
Opponents of the ordinance have sued, calling it unconstitutional, discriminatory and too vague.
The Mexican American Legal Defense and Educational Fund and the American Civil Liberties Union say poor families could be thrown out of homes and some could be forced to split up.
Apartment owners and managers are concerned they have little or no training on the ordinance and documents needed to establish immigration status. Yet they face legal repercussions if they break the law.