Monday, January 14, 2013

House GOP sharply divided on $51B Sandy aid bill

Photo credit: Steven Sunshine | From left, Rep. Nita Lowey, Rep. Peter King, U.S. Sen. Charles Schumer and Lt. Gov. Robert Duffy joined other elected officials, labor leaders and investment bankers at a news conference in Manhattan to discuss the push for federal dollars for the state and region in the wake of superstorm Sandy. (Dec. 14, 2012)

WASHINGTON -- House Republicans are sharply divided on the $51 billion superstorm Sandy emergency funding package as it nears a vote in the House on Tuesday.

New York and New Jersey Republicans insist the House must pass the entire package this week, but fiscal conservatives have balked, saying only the most immediate needs should be passed in an emergency funding bill.

"This bill is about $50 billion. That averages out to be about $450 from every household in the country," said Rep. Tom McClintock (R-Calif.), a longtime budget hawk. "So I think they have a right to know that money is actually going for emergency repairs."

McClintock has proposed amendments that would limit funding to only the amount that could be spent in the next nine months -- an estimated $4 billion. The rest would have to go through regular congressional budget procedures.

Whether the package passes the House depends largely on Northeast lawmakers winning enough Republican votes to overcome such opposition, Rep. Peter King (R-Seaford) said. He expressed frustration with McClintock and others seeking to clamp down on disaster recovery funding -- saying it is a break from the past and a changing of the rules.

"You need to have money upfront" for rebuilding subways that Sandy destroyed, roads it damaged and beaches it washed out, King said. "That is part of the emergency."

McClintock's amendments "would be a total rewriting of the rules," King said.

But in a climate in which Republicans are seeking to reduce the government's $16 trillion debt with deep spending cuts, McClintock has plenty of company among the House GOP. More than a quarter of Republican House members voted two weeks ago against a $9.7 billion measure needed to allow federal flood insurance claims to be paid. The bill was not considered controversial.

Many more Republicans are expected to vote against the rest of the package.

GOP House members last week filed 45 amendments to the underlying $18 billion aid bill and an accompanying $33 billion amendment seeking to reduce the size, scope and cost of the aid.

"We'll have to fight," King said. "But it's also up to the Rules Committee and the House leadership."

The House Rules Committee Monday afternoon will meet to determine which of the 77 amendments that were submitted by Friday will be allowed. It is expected to knock out many of them.

Rep. Pete Sessions (R-Texas), the committee chairman, has not indicated what he plans to do. Nor has House Speaker John Boehner (R-Ohio) or House Majority Leader Eric Cantor (R-Va.).

If the committee allows only one or two pertinent amendments, King said, "I'm confident we can beat them."

After the Rules Committee determines which amendments go forward, the package will go to the House floor for debate and votes on the amendments and the final bill.

With Democratic support assured, the Sandy recovery package will rise or fall on whether King and other backers can find at least 20 Republicans to vote for it. Approval will require at least 217 votes in a House made up of 200 Democrats and 233 Republicans.

King said he thinks he has the 20 or so votes he will need.

New York and New Jersey GOP lawmakers account for 11 or 12 ayes, he said, leaving eight or nine votes he hopes to pick up from sympathetic colleagues in Pennsylvania, Ohio and Florida.

"I'm not taking anything for granted," he said.


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Source: http://www.newsday.com/news/nation/house-gop-sharply-divided-on-51b-sandy-aid-bill-1.4442721

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555TES Minute S is Best Thing at Tokyo's - Gas 2.0

555TES Minute S

This little bit of automotive nirvana is the 555TES Minute S. Powered by one of Yamaha?s high-revving 250 cc motorcycle/ATV engines coupled to Toyota?s Aqua hybrid drive system, the tiny commuter promises some seriously fun urban commuting.

Despite looking for all the world like one of those dynamically flawed 3-wheeled, motorcycle-tired fail-machines (I?m looking at you, Can-Am), the 555TES actually has 4 fat, square-section automotive tires to equalize contact patches front and rear and ensure maximum grip. Like a go-kart, the low-weight/high-grip formula is one that?s sure to thrill ? and, with an EV-only mode and tiny footprint, it might be eligible for a SUICA card.

Translation: you can take it on the subway. Can I get a ?F@#$ yeah!??

There is almost no chance that this super-awesome little runabout will make its way to the US, despite the continued presence of awful 3 wheelers sucking up tax credits and pathetic suckers? investors? dollars. It?s too bad, and a genuine loss for America?s car culture.

Here is the 555TES, on video, in motion, NOT vaporware. Try to enjoy the video, below, without shedding manly tears.

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Source: 555TES, via the Truth About Cars.

Source: http://gas2.org/2013/01/12/555tes-minute-s-is-best-thing-at-tokyos-2013-auto-salon-w-video/

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Biden gun proposals likely to spark fight in Congress (reuters)

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Saturday, January 12, 2013

Could Puffery About Your Listing Land You In Court?

Could Puffery Land You In Court?One of the good things about attending in class broker training is listening to what is happening around the industry.? In this case it was a discussion about broker supervision in regards to advertising.? Brokers are ultimately responsible for what agents in their office advertise both in print and on-line.? In addition, Realtors? are required by the Code of Ethics Article 12 to be truthful and present an honest picture in their advertising.

The case brought to our attention in class is a property that was listed and advertised as professional remodeled.? The property looked great and the work may have been overseen by a contractor but there were no permits pulled for the work and the subcontractors were not licensed to do the work.? The buyer is suing both the listing agent and the brokerage for false advertising.?

Since this a current lawsuit the details couldn't be discussed in class but the basics were enough to make everyone understand? "puffery" on a listing could end you in a court of law or perhaps the real estate board.? Interestingly enough today my clients and I toured a home advertised as COMPLETELY renovated and yet as soon as we walked in we were looking at the original kitchen kitchen cabinents and tile.?? A second listing made claims about new kitchen cabinets which turned out to be the original cabinets painted white.

Needless to say when we say new it better mean the ink on the receipt is still wet, completely renovated really means it and permits are required when you are completing a major remodel.? You can bet I'm going to be looking closely at my advertising before it leaves my office.

??????????????? No Hassle-No Pressure-Just Straight Talk About The Northern Virginia Real Estate Market

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and CJ Realty Group, Inc a call at 703-346-2213.?

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations.?

Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

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Source: http://activerain.com/blogsview/3582952/could-puffery-about-your-listing-land-you-in-court-

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Apple dismisses cheaper iPhone story withdrawn

Jan 11 (Reuters) - Tiger Woods may guarantee packed galleries but even the oil-rich Qataris cannot afford the former world number one's appearance fee for the only European Tour event in the Gulf state. The American's involvement at the Jan. 23-26 Qatar Masters would cost a whopping $3 million, said Qatar Golf Association president Hassan al Nuaimi. "Tiger Woods demands $3 million just for an appearance, if he were to compete - which is not worth paying for a tournament of $2.5 million prize money," he told the Doha News. ...

Source: http://news.yahoo.com/apple-dismisses-cheaper-iphone-story-withdrawn-114045462--finance.html

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