Preparing to Deploy Iraq/Afghanistan

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MORIARTY INTRODUCES BILL TO CAP LOCAL PROPERTY TAX GROWTH AT 2.5 PERCENT

Measure Would Become Effective Quicker than Governor’s Version;

Would Allow Flexibility to Address Unintended Consequences of Lower Cap

(TRENTON) – Assemblyman Paul D. Moriarty (D-Gloucester) issued the following statement Monday after introducing legislation (A-2945) to lower to 2.5 percent the state’s current four percent cap on local property tax growth:

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Default Lines :: A landlord dropped a bomb on Kensington. It could happen again

Cover Story :: Article :: Philadelphia City Paper

It was, demographically speaking, a brilliant business model. White, middle-class families who had been sustained for generations by factory jobs were leaving in droves; low- and middle-income Hispanics who needed affordable housing were moving in. Coyle bought houses from McBrides, Sloans and Myerses and sold them to Felicianos, Colons and Lopezes.For much of his career, these transactions were straightforward: Coyle bought for less and sold, or rented, for more.But in the mid-\’90s, his business model began to change in a profound way. This change coincided with the rise of the housing bubble, as banks came to see property not as actual houses with actual people paying actual mortgages, but as abstract commodities to be sliced and sold — commodities that, the thinking went, could only increase in value. In 1996, Coyle began taking out second mortgages on his properties and using them as collateral for cash loans. He began bundling his properties:

read via citypaper.net

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Tsuyu or Monsoon Season in Japan

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Help Wanted

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100 Fire Departments Will Be Selected to Receive $1000

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Welcome Home from Afghanistan Gunny Sgt. Lawrence W. Trimmer

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Wanda Jaye, Devoted Parishioner of St. Maurice Church, Brooklawn

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Today We Mourn the Death of An Old Friend

© by Lori Borgman | Sunday, March 15, 1998

Three yards of black fabric enshroud my computer terminal. I am mourning the passing of an old friend by the name of Common Sense. His obituary reads as follows: Common Sense, aka C.S., lived a long life, but died from heart failure at the brink of the millennium. No one really knows how old he was, his birth records were long ago entangled in miles and miles of bureaucratic red tape. Known affectionately to close friends as Horse Sense and Sound Thinking, he selflessly devoted himself to a life of service in homes, schools, hospitals and offices, helping folks get jobs done without a lot of fanfare, whooping and hollering.

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