Fresh from the forum refresh

AvaMaria Jan Fri 30, 2015 2:29 am
Bummed, was looking forward to getting a full sample of all the pizza in town, and getting out withe kids. Thank god we did not loose power. Two teens and no gaming would have killed me.
SandySeashore Jan Fri 30, 2015 12:02 am
I just post these news items as I find them, sort of like creating a little historical archive. This is Marshfield's most famous time, possibly in the whole history of the town.

This is an awesome program on Marshfield on the Today Show, NBC:

http://www.nbcnews.com/storyline/blizza ... ng-n295021
HokieAl Jan Thu 29, 2015 7:45 pm
The-Oracle wrote:
That's all ??? one comment?? 57 million calls. Seriously?? ONE Comment????!!!???
/
/
Yep RIP south shore forums.


I'd like to point out that all you did was provide a link, with no commentary other than your subject.
You could have said something else. I usually don't click links when the poster is so lazy. I just happened to this time.
HokieAl Jan Thu 29, 2015 1:50 pm
If you don't like the rules, change them.

Quote:
SPEAKER OF the House Robert DeLeo came to the office in 2009 as a champion of ethics reform — and one of his first actions was to reinstate the eight-year term limit for the speakership.


Quote:
DeLeo is seeking to scrap the term limit for his position.


http://www.bostonglobe.com/opinion/edit ... story.html
specialties Jan Thu 29, 2015 11:33 am
Quote:

What a crock of sh*t, No way in hell would these cowardly t*rds behead their biggest supporter.....
ISIS Threatens to Behead Obama Inside White House

The Islamic State (IS) terror group threatened to behead President Barack Obama inside the White House in a new propaganda video released this week, according to a watchdog group monitoring the terror group.

In the video, titled, “Bombardment of Peaceful Muslims in the City of Mosul,” an IS (also known as ISIS and ISIL) militant is shown beheading a captured Kurdish fighter and making threats to the West.

“The fighter makes threats against the U.S., France, Belgium, and the Kurds,” according to the Middle East Media Research Institute (MEMRI). “He threatens that he and his comrades will reach America and behead Barack Obama in the White House”

The IS militant also says that the group “will target France and Belgium with car bombs and explosives and will behead Kurdistan Regional Government President Masoud Barzani,” according to MEMRI.

After showing scenes of burnt bodies and destruction caused by the ongoing fighting in Iraq, “a group of armed and masked ISIS fighters stand on a Mosul street around a Kurdish soldier who is kneeling on the ground,”

http://joemiller.us/2015/01/isis-threat ... -230917657


So, in the interest of fairness, like @ Cair, Algezera, etc., we will NOT use the terms 'terrorist', 'islamic fundementalist' , ISIS militants, etc., as none of these have anything to do with Islam...
So saith the liar in chief...

Then who the hell are we fighting, if anyone?? 'They' sure have it out for US...
We know that our government is out to screw US... Pogrom on Amerika is almost complete now!!!

And what about the murdering of peaceful Chaldeans??? Oh, just Christians, carry on...

Wake up U progressive spoiled brat pinko t*rds...
JIMD Jan Thu 29, 2015 8:07 am
Hottest by 0.02 hundreds of a degree, was that F or C, does that matter?

What a crock of BS
Fugedaboudit Jan Thu 29, 2015 12:30 am
Question to ask: If the stock market drops, what will happen to vacancy rates and rental rates in office buildings...and the commercial property revenue to meet their mortgage payments?

If the return on these investments under-performs or if there are losses, it may impact the ability of the Teacher's Retirement Funds to meet their pension commitments for all their retired teachers.

In normal times, this kind of investment would be considered a very safe investment strategy. In times like now with global economics walking on thin ice in China, Japan, Europe, Greece, Russia, Canada, Mexico, and the USA, and with a currency war in motion, now, where nearly every country is manuvering to devalue their currency against all others....I don't think so. But, what do I know?

Just glad my retirement is not dependant on what the Teacher's Retirement Funds are currently targeting as their next investment sector. Long term, they might do ok...if their fund managers can float their cash flow should the mortgage receipts come under pressure....But, if they have quarterly results to report (which they do), then they will need some real charisma to convince everyone to hang in there while they weather the storm.


Teachers' Retirement Funds Are Piling Into Manhattan Real Estate At Record High Prices

http://www.zerohedge.com/news/2015-01-2 ... igh-prices

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Rather than buying equity interests in buildings, TIAA-CREF and KTCU are seeking to invest in mortgages backed by office towers, retail properties, warehouses and apartments in major U.S. cities. The venture between the two companies, which manage teachers’ savings in their respective countries, is 51 percent owned by TIAA-CREF and 49 percent held by Seoul-based KTCU.

“You invest in a huge office tower in New York because you want a safe place to put your money and a decent return,” over the long-term, he said. “This is more a capital preservation play than it is a capital appreciation play.”

– From the Bloomberg article: Manhattan Towers Lure Koreans in $1 Billion Joint Venture

As soon as I woke up this morning, I saw an email from a very smart friend of mine in the finance industry. He forwarded me an article from the New York Post, about how TIAA-CREF had paid $3,158 per square foot for a building in the Meatpacking area of Manhattan (a record for the area), which isn’t far from where I lived for several years in the mid-2000s.

For those of you who aren’t aware, TIAA-CREF stands for Teachers Insurance and Annuity Association – College Retirement Equities Fund. According to the company’s own website, it:

We specialize in the distinctive needs of those who work in the academic, research, medical and cultural fields. We’re here to listen to you, to advise you, and to help you feel confident about making financial decisions.

So it essentially manages the investments of people who know the least about investing, i.e., muppets. As such, it came as no surprise that TIAA-CREF might serve as an important bag-holding vehicle for bubble assets just before a fall, tempted by juicy 4% yields. As my friend noted: “In other words, teachers and nurses are shattering property records to fund their retirement.”

Here are some excerpts from the article:

Our first thought on hearing the price for this sale was whether it was even a Samsung “remote” possibility. But yes, we’ve confirmed that TIAA-CREF is in contract to shatter a Meatpacking District sales record by paying $200 million for 837 Washington St.

The price for the newly constructed 63,131-square-foot boutique office and retail building works out to $3,158 per square foot, largely based on the value of the retail space and future upside in one of the world’s hottest neighborhoods.

For now, the buyer will have a “coupon to clip” as it rakes in just over 4 percent, based on Samsung’s rent for the 10-year deal which, similar to others, has two five-year renewals.

Reading this made me wonder whether it was just a one-off or part of a larger trend. It appears to be a larger trend, particularly between TIAA-CREF and South Korean companies. I came across an interesting Bloomberg article from late last year. Here are some excerpts:

(Bloomberg) — The Korean Teachers Credit Union and TIAA-CREF are staking a claim on Manhattan’s Socony-Mobil building in the first investment of a $1 billion joint venture.

Rather than buying equity interests in buildings, TIAA-CREF and KTCU are seeking to invest in mortgages backed by office towers, retail properties, warehouses and apartments in major U.S. cities. The venture between the two companies, which manage teachers’ savings in their respective countries, is 51 percent owned by TIAA-CREF and 49 percent held by Seoul-based KTCU.

“In the Korean investment environment, where interest rates remain low at about 2 percent, we believe this is a good opportunity to diversify the portfolio through investments in prime assets in the United States with strong fundamentals and steady income streams,” Sung-Seok Kang, head of global investments at KTCU, said in an e-mail. “We plan to expand this relationship further into other investment types.”

Mezzanine lending is a complex approach to property investment that not all foreign investors are comfortable with, said Ben Thypin, an analyst at New York-based Real Capital. Koreans typically prefer a direct ownership stake in a property because it gives them more control of the asset, he said.

Not to worry, TIAA-CREF is apparently doing that too.

Asian buyers have been a major force behind climbing real estate values in New York City. Bank of China plans to purchase 7 Bryant Park, a tower under construction by Hines, for about $600 million, a person with knowledge of the matter said this week. China’s Anbang Insurance Group in October agreed to buy the Waldorf Astoria, the 83-year-old Art Deco building occupying an entire block in midtown Manhattan. The $1.95 billion transaction is the largest ever for a U.S. hotel, according to research firm Lodging Econometrics.

“You invest in a huge office tower in New York because you want a safe place to put your money and a decent return,” over the long-term, he said. “This is more a capital preservation play than it is a capital appreciation play.”

Think about that logic. Manhattan office towers at record-breaking valuations several years into what is the greatest Central Bank created bubble in world history for oligarch type assets is considered a “capital preservation play” for teachers’ retirement money.

As of October, property sales in Manhattan were on pace to reach $63 billion this year, surpassing the record $62.2 billion from 2007, according to Massey Knakal Realty Services.

Debt investments like KTCU’s may be gaining appeal as funds seek alternatives to the meager returns being generated by owning top-tier real estate, according to Thypin.

Capitalization rates, a measure used to calculate yield on real estate investments, have been falling since 2010, according to Real Capital. The best buildings in Manhattan are yielding less than 4 percent, the lowest since at least 2002.

The venture between TIAA-CREF and KTCU is targeting investments in major metropolitan areas like New York and San Francisco that yield 5 percent to 7.5 percent, according to TIAA-CREF’s Amato.

The growth in property values in those areas is outpacing the recovery in the rest of the country. Prices in the biggest cities are about 13 percent above their 2007 peak, while buildings in small cities and towns are 10 percent below the prior highs, according to the Moody’s/RCA Commercial Property Price index.

This is a classic case of groupthink amongst asset managers. Everyone thinks these assets are safe and untouchable, so they are all piling into the same trade.

It appears clear that pension funds are being set up as the ultimate bag holders when the latest Central Bank bubble pops, and in the meantime, they are a perfect source of illegal fee gouging. A win-win for financial oligarchs.
Fugedaboudit Jan Wed 28, 2015 8:29 pm
The-Oracle wrote:
Unfortunately this is the general mindset of the some of the people who call themselves "conservatives".

https://www.youtube.com/watch?v=I7e9vnwTjJA


Can we Bridges run your statement by Snopes? We absolutely MUST know if what you claim to be true...is really true.
specialties Jan Wed 28, 2015 8:13 am
Quote:
Clint Eastwood’s recent blockbuster film, “American Sniper,” pays tribute to the memory of an American hero. The film honors the courageous sacrifice of the men and women who serve in our military and fight for our freedom every day.

Several Hollywood liberals, including filmmaker Michael Moore, have gone out of their way to disrespect our military with petty remarks about the film and our servicemen and servicewomen themselves.

Enough is enough. The men and women of our nation’s military deserve our utmost gratitude and respect.

Sign our petition to tell Michael Moore and other Hollywood liberals to stop insulting our military and show some respect for our men and women in the armed forces.

Sincerely,

Senate Republicans


Buggar mikey, give them isisisis...
SandySeashore Jan Tue 27, 2015 6:01 pm
The Shelter is still open. This link has information about the shelter at the Furnace Brook School and the emergencies in Brant Rock and Green Harbor.

Any questions about shelter and transportation to the shelter, call the Shelter at 781-837-7122



http://www.marshfieldpolice.org/Pages/M ... 6-000F8513
news

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