Fires set, many shots fired at crowd. Chaos. I wonder, is all of Tehran like this?
Andrew Sullivan
Nico Pitney at HuffPo
And of course, Twitter #iranelection
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But the cost of growing and converting it is still steep. Three more zombie banks were seized by FDIC Friday afternoon. That’s 35 so far this year vs. 25 for all of 2008. [An Iranian in Tehran] is tidying affairs in preparation for dying Saturday at the hands of the Iranian security forces. Translation via Juan Cole: “I will participate in the demonstrations tomorrow. Maybe they will turn violent. Maybe I will be one of the people who is going to get killed… I have to call my [...] Not just any protest, but a big, major protest. Will they be greeted by tanks? Mousavi circumvented regime efforts to block Internet access by announcing the rallies on his Facebook page in Farsi and in English Friday. “CRUCIAL Demonstration on Saturday 16:00 in Tehran and all around the world, please spread this message around.” Messages [...] Everywhere I hear the sound of marching, charging feet, boy Cause summer’s here and the time is right for fighting in the street, boy. – Rolling Stones. Street Fighting Man HuffPo. Saturday may be the bloodiest yet, with more attacks on protesters I have been able to talk with Iranian photo-journalist NS (she does not [...] Then PETA does not want to know what I did to the black widow spiders in our back yard when we lived in L.A. Moreover, their statement saying it’s the media making a big deal about this not them, is nonsensical, since they jumped in feet first trying to grab headlines. But wait, there’s more. [...] The SEC said Stanford’s Caribbean-based investment companies were “a massive Ponzi scheme.” Billions are missing. He appears before a judge in Virginia today. From the Rockefeller Institute comes news of devastating shortfalls in state income tax revenue. In FY 2008, personal income tax revenue made up over 50 percent of total tax collections in six states — Colorado, Connecticut, Massachusetts, New York, Oregon, and Virginia. Personal income tax revenue declined dramatically in all six of these states [...] Clusterstock Green Street Advisors has put together an excellent deck [slide show] showing the coming mess for commercial real estate. Bottom line: A 35-40% decline in commercial real estate values should be “right.” And that’s if the market doesn’t overshoot. The big problem in CRE is deals were funded using excessive valuations and high [...] |  | ||||
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