Dear Readers:
Ya wonder why some countries just can’t seem to get their shit together!
If you are thinking of investing in an apartment at the Intempo skyscraper in Benidorm, Spain, be prepared to bring some good walking shoes: Its builders forgot a working elevator, says the Spanish news site El Pais. There seemed to be just one important oversight: In going up to 47 floors, designers forgot to take into account room for an elevator shaft. El Pais reports that the architects on the project resigned in May 2012.
(Already 35 percent of the apartments have been sold to international buyers — the site describes the abodes as “Dubai style luxury.” The building is 95 percent complete, (minus the elevator) and it is expected to be done by spring 2014.)
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Meanwhile, we have problems of a different sort with our housing market:
By Julian Beltrame
A spate of fresh data and yet one more market-cooling tweak from Ottawa last week has put one of the most important sectors in the Canadian economy, and the most important asset-source for most Canadians, on a kind of death watch.
That’s because while some of the data, such as home prices and starts, is pointing to the soothing “soft landing” that homeowners, economists, banks and politicians are fingers-crossed hoping for, others, like land purchases and building permits suggest the real message is: the crash is coming.
Last week, Statistics Canada reported that building permits in the residential sector fell 12.9 per cent in June, and permits for multi-unit dwellings — mostly condos — sank even further by 18.8 per cent.
Even more frightening, research conducted by RealNet Canada found than in some of the bigger markets — Toronto, Vancouver and Calgary — residential land investments for future home building has already crashed through the floor, plunging 51, 52 and 30 per cent respectively.
http://metronews.ca/news/canada/763319/housing-market-sending-out-warning-signs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+canada-news+%28Canada+news+from+metronews.ca%29&utm_content=My+Yahoo
Depending on whether you are an optimist or pessimist, this is evidence of either a soft landing, or a red flashing light!
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One of the more ridiculous claim’s during President Obama’s press conference on NSA surveillance today was the claim that he had already started this process prior to the Ed Snowden leaks and that it’s likely we would end up in the same place. While he admitted that Snowden may have “accelerated” the process, he’s also claiming that the leaks put our national security at risk. There is, of course, little to support any of this.
“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart’s desire at last and the White House will be adorned by a downright moron.” H.L. Mencken
Don’t Insult Our Intelligence, Mr. President: This Debate Wouldn’t Be Happening Without Ed Snowden
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Seems the ‘Mrs. Herself’ has taken to following me around the house, and turning off the stuff I leave on!
(She’s starting to get on my nerves!)
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Eydie Gorme has died at the age ofd 84 …………………., blame it on the Bossa Nova!
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Mark Wahlberg and Matt Damon have plenty of things in common; they’re both proud Bostonians, both successful actors, and both have anecdotal reputations as all around good guys. They even boast the same, similarly strapping All-American good looks – but Wahlberg and Damon are not the same person. Star-spotter Angelique Dormevil learned this fact the embarrassing way recently after spotting Matt Damon on the street and asking to take a photo with him.
Only it wasn’t Matt Damon in Dormevil’s photos — it was Mark Wahlberg.
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Listen folks, Oprah was NOT the victim of racism in a Swiss store that asked her if she could afford a $38,000 …………………………., HANDBAG!
If some broad I didn’t recognize came waltzing into my store and insisted on seeing that bag, I would be very hesitant, no matter if she were black, white, yellow or green!
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Mayor Rob Ford of Toronto appeared at ‘A Taste of the Danforth’ street festival on the weekend, and looked liked he was “enjoying” himself!
Some news outlets reported his behaviour as being “jovial,” while the Toronto Star and the CBC were, as might be expected, not nearly that complimentary!
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And Finally:
I have no idea where this is …………………………….., but I’ll bet it’s WINDY!
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