Friday, January 17, 2025

I used to think / hope that Chicago was above this....then came Beetlejuice and now Brandon.....no city can prosper, much less survive, with that level of incompetence

 

Looters

Cities Are Teetering on the Brink of Financial Collapse and Turning Into Ghost Towns

  • Mike Adams predicts U.S. cities will face financial collapse, becoming “ghost towns” due to economic instability, population decline and crumbling infrastructure, with property values potentially dropping by 70 to 90 percent.
  • Rural areas and conservative states, like Central Texas, are experiencing growth and rising property values as people flee collapsing urban centers, seeking stability and self-sufficiency.
  • Declining tax revenues, unsustainable debt and mass property abandonment could devastate urban municipalities, particularly in “blue” cities and states.
  • Adams foresees a stark divide between thriving rural communities and decaying urban centers, with cities like Chicago and Los Angeles potentially becoming crime-ridden “ghost towns” by 2029.
  • Strategic investments in rural real estate and sustainable practices offer opportunities, but delayed action could lead to devastating consequences as societal and economic landscapes shift dramatically.

Mel Gibson Needs 24/7 Security After His Statement on the LA Fires

Thursday, January 16, 2025

Wall Street Thinks U.S. Homes Are Overpriced


Housing could be overvalued by anywhere from 10% to 35% based on how investors are acting


House hunters don’t need to be told that property is too expensive right now. But Wall Street has an idea by just how much.

The stock market is pricing portfolios of American homes at a hefty discount to what houses are changing hands for in the open market. Shares of single-family landlords Invitation Homes INVH 1.41%increase; green up pointing triangle and American Homes 4 RentAMH 0.54%increase; green up pointing triangle are trading at 35% and 20% discounts to their net asset values, respectively, according to real-estate analytics firm Green Street. Invitation Homes’ stock has traded at a particularly large discount to NAV since interest rates began to rise in early 2022, but the gap has widened by 10 percentage points in the past year.

City finances grow more bleak...pension viability threatened

Chicago's bond rating dropped to BBB — one step above lowest investment grade
The move will increase the city’s borrowing costs, including for Mayor Brandon Johnson’s proposed $1.25 billion bond issue for housing and economic development.
By Fran Spielman
Jan 15, 2025, 10:18am CST





Two months ago, a Wall Street rating agency warned there was a “one in two chance” of a drop in the bond rating that determines Chicago’s borrowing costs.

Now it has followed through, dropping the city to just two notches above “junk bond” status.

Standard & Poor’s last year had cited Chicago’s “heavy reliance on one-time” revenue and a “politically-charged standoff” between Mayor Brandon Johnson and the City Council in warning of the likely reduction.

'State of New Illinois' committee continues push to secede from Cook County

Sunday, January 12, 2025

15% of Los Angeles FireTrucks are out of service!!!!!!

New Fire Erupts In Hollywood Hills!!!!!!

LIVE: Trump's UNBELIEVABLE Military Invasion Announcement;

A systematic looting of the city budget!

LA Mayor Karen Bass’s Lucrative Insider Deals Led to Fire Dept. Budget Slashes...Chicagoans should consider to what extent the Board of Education is currently being looted
BY PUBLIUS




The follies of California Democrats are proving to be far more costly than just about anyone realized as recently as a week ago. The fires in Los Angeles have exposed poor management and horrible decisions.

Los Angeles Mayor Karen Bass has been under fire for approving lavish contracts for city employees just months before the catastrophic wildfires that have ravaged the city. According to city records, these contracts, which significantly boosted the wages of civilian workers, directly contributed to the Los Angeles Fire Department (LAFD) facing severe budget cuts, impacting its wildfire response capabilities.

Mayor Bass, who has been in office since 2022, signed off on contracts that saw civilian employees receiving between 20% to 25% salary increases over five years. The financial implications of these deals are estimated to cost the city around $4.5 billion over the contracts’ lifetime. This fiscal commitment led to a $17.6 million reduction in the LAFD’s budget for the 2024-2025 fiscal year, a decision that has now come under scrutiny as the city battles several devastating fires.

The Palisades Fire, which has become one of the most destructive in LA’s history, alongside the Eaton Fire, have caused widespread destruction, with thousands of structures burned and at least 16 lives lost. The reduced funding for the fire department meant fewer resources for training, equipment maintenance, and emergency response, at a time when the city was most vulnerable to such natural disasters.

Criticism has been mounting against Mayor Bass, with public figures and residents questioning the timing and prioritization of city spending. Firefighters have voiced concerns about the cuts’ impact on their readiness and effectiveness, particularly in light of the current disaster. The budget reduction has been described as “devastating” by some within the department, highlighting a significant shortfall in preparing for and responding to wildfires.

Public sentiment, as reflected in posts on X, shows a mix of frustration and disbelief over the allocation of funds towards city contracts while critical emergency services like the fire department faced cuts. The narrative on social media and in local news has been one of questioning leadership decisions at a time when the city’s safety and infrastructure were at stake.

Mayor Bass, upon returning from an international trip amidst the fires, has been largely silent on these specific decisions, focusing instead on the immediate response to the crisis. However, the controversy surrounding her financial choices has not abated, with many calling for a reevaluation of budget priorities to ensure better preparedness for future emergencies.

This situation underscores a broader debate on how cities manage their budgets, especially in areas prone to natural disasters like wildfires, where every dollar can mean the difference between life and death, or property saved versus destroyed.

The similarities between Mayor Bass and Mayor Johnson are uncanny.



Not to worry, they have been reformed

 

California Utilizing Hundreds of Inmates to Fight Ongoing L.A. Fires

Prisoners at Oak Glen Conservation Camp leave the minimum security prison for work deploym
DAVID MCNEW/AFP via Getty Images

Over 900 prison inmates are among the more than 7,500 emergency personnel fighting the raging wildfires that are devastating portions of Los Angeles, California, state corrections officials said.

“As of today, 939 Fire Camp firefighters have been working around the clock cutting fire lines and removing fuel from behind structures to slow fire spread, including 110 support staff.,” California’s Department of Corrections and Rehabilitation (CDCR) told NPR on Friday.

Liberal Race Baiting

 

Notre Dame Head Coach Shuts Down ESPN’s Race Narrative

'... this ain’t about me. This is about us. We’re going to celebrate what we’ve done because it’s so special...'

(Dmytro “Henry” Aleksandrov, Headline USA) The University of Notre Dame’s head football coach told the race-baiting ESPN reporter on Thursday that your skin color doesn’t matter and praised the team.

After Marcus Freeman’s team defeated Penn State University, the ESPN reporter used the race card to press Freeman to talk about how much his position as the “first black head coach to go to a national championship game in college football” meant to him. However, Freeman refused to accept one of the divisive leftist narratives.

“I’ve said this before: I don’t ever want to take attention away from the team. It is an honor, and I hope all coaches — minorities, black, Asian, white, it doesn’t matter, great people — continue to get opportunities to lead young men like this,” he said. “But this ain’t about me. This is about us. We’re going to celebrate what we’ve done because it’s so special.”



Saturday, January 11, 2025

LA Mayor Has A Melt Down Over Fire Chief's Firing

LA Fire Chief Throws LA Mayor Karen Bass UNDER The Bus Over THIS!

Mount Greenwood residents rally to help deer in distress

https://upload.wikimedia.org/wikipedia/commons/8/83/Marsh_Deer,_Esteros_Del_Ibera,_Corrientes,_Argentina,_3rd._Jan._2011_-_Flickr_-_PhillipC.jpg

By Kasey Chronis
Published January 10, 2025 6:07pm CST


CHICAGO - A young deer wandering Saint Casimir Catholic Cemetery in Chicago’s Mount Greenwood neighborhood became the focus of a heartfelt rescue effort this week after neighbors noticed it had a clear plastic container stuck on its head.

Residents, determined to help, shared sightings of the deer and worked to bring relief.