Bull
+ So far for the reporting season, 63.7% of S&P 500 companies have beaten consensus earnings per share estimates, which is stronger than the past 2 quarters. Meanwhile, revenue per share has come in line with average beat rates. This earnings season has been been positive for equity…
Excellent summary, as usual!
1. Nevada
> Pct. Homes Underwater: 63%
> Total Property Value: $100.7 billion
> Mortgage Debt Outstanding: $115.5 billion
> Median Home Value Drop From Peak: -50.3% (the largest drop)
> May Foreclosure Rate: 1 out of every 103 homes
No state has suffered more, in every aspect, from the effects of the recession. Like Arizona, Nevada’s property value has plummeted since the middle of the decade, losing more than $150,000 on average (more than 50%) in just five years. Nevada is also the only state in the country in which total homeowner debt is actually higher than the total property value of owned homes – nearly 2 in 3 mortgaged homes is underwater. In May alone, nearly 1% of every owned home in the state was foreclosed, the highest rate in the country.
Appointing a bunch of financial-industry-infected pushovers on your economic “dream team”.
What I’ve been saying ever since the beginning of his term.. :/
Ria van Dijk, Self-portrait at a fairground shooting gallery, 1936.
I saw this at C/O Berlin, and it was great because it was so unexpected. Most of the gallery space was taken up by a Robert Mapplethorpe retrospective that spanned from tender portraits of Patti Smith to hardcore S&M. In a couple rooms towards the back on the second floor, though, was an exhibition of vernacular photography. The shooting gallery was a curious fairground attraction where one would shoot at a bullseye or at theatre figurines, and if you hit your target, a picture would be taken, so you’d get a self-portrait of yourself shooting. The exhibition had a functioning shooting gallery in one room (I didn’t try). In the other room was a series of amateur pictures by a woman named Ria van Dijk. She began taking self-portraits at shooting galleries in 1936, when she was 16 (above). She has continued every year since, with the exception of 1939-45, and she’s still going strong at 90. Every year was represented by one photograph. None of the photographs are particularly great by themselves, but the effect of more than seventy years of near-identical self portraits was pretty powerful.
It was a very calming atmosphere watching the day fade away as ships slowly passed by.
