Looks like the view from Sister Bay or one of the other small communities on the Green Bay side of Door County “The Thumb" looking West toward the sun setting over the southern tip of Northern Michigan where it joins the Northern border of eastern Wisconsin.
Door County is a gem with multiple State Parks, small communities with great Fish Boils and great fishing. The tip of the thumb is only about ten miles across so, if the wind is blowing strong from the West and roughing up the water on the Green Bay side, you can just cross the peninsula to the Lake Michigan side for smooth waters.
That reminds me of sailing across the Panama Canal from Western side in the Carribean Sea to the Eastern side in the Pacific Ocean. Terrain is always the over-riding fact that we all live with and no imaginary thoughts can change it. Thank God for creating this good earth.
On the 4th of July you can watch the fireworks in Menomenee and other communities on the Nothern Wisconsin and Southern tip of the MI Upper Peninsula from the Green Bay side of Door County.
Door County provides great bicycling in the summer and great x-country skiing in the Winter.
If it is still there, Ann needs to have Swedish pancakes with Lingonberries at Al Johnson's restaurant in Sister Bay and take some photos of the goats on the grass roof.
The second picture is, as stated, something that I found in the camera when I downloaded the pictures. I don't know what the camera was pointed at. I only tweaked the color and contrast a little. It was night, on Main Street, in Fish Creek, Wisconsin. I can tell you that.
Drive through Peninsula State Park (watch out for the deer). Cross the Peninsula to visit Newport State Park (Watch out for the biting files, they can be terrible.) Drive to the tip of the thumb and take the Ferry to Washington Island. Ask a local how to get to the smooth rock beach where you will find thousands of great skipping rocks. Don't bring any back with you though, just skip them and enjoy their beauty.
Visions of seemingly impossible things: How about this:
June 15, 2010
Cost to Fix Fannie Mae and Freddie Mac May Reach $1 Trillion
By Don Miller, Associate Editor, Money Morning
The cost to fix Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), the government-backed mortgage companies that bought or guaranteed three-quarters of all U.S. home loans last year, could run as high as $1 trillion, according to a report by Bloomberg News released yesterday (Tuesday).
The minimum amount required to keep them afloat will be $160 billion, or $15 billion more than they have already drawn from an unlimited line of government credit granted to keep the home mortgage market functioning. That exceeds the amount already spent on bailouts for American International Group Inc. (NYSE: AIG), General Motors Co. or Citigroup Inc. (NYSE: C).
"It is the mother of all bailouts," Edward Pinto, a former chief credit officer at Fannie Mae, who is now a consultant to the mortgage-finance industry told Bloomberg.
Fannie and Freddie own or guarantee 53% of the nation's $10.7 trillion in residential mortgages, according to a June 10 Federal Reserve report. Their books are loaded with millions of bad loans, and delinquencies are on the rise. [snip]
"One trillion dollars is a reasonable worst-case scenario for the companies," Egan said.
How to stop the bleeding and convert the two mortgage giants to viable businesses is the biggest problem facing Congress as it negotiates a Wall Street overhaul.
For now, the Obama administration is delaying any action to keep losses off the government's books as Democrats ponder their fate in the coming congressional elections.
[snip] Another idea under consideration by the Obama administration involves reconstituting Fannie and Freddie into a "good bank" with performing loans and a "bad bank" to absorb the bad loans. That could cost taxpayers as much as $290 billion, according to a May estimate by Credit Suisse (NYSE ADR: CS) analysts.
Others have come out in favor of simply nationalizing the companies due to the overall importance of the housing market to the U.S. economy. [snip] Whatever the eventual solution, most analysts say the government needs to make sure the companies survive, even if they draw billions of dollars from the Treasury Department for the foreseeable future.
The price tag of supporting Fannie and Freddie "needs to be evaluated against the cost of not having a mortgage market," Phyllis Caldwell, chief of the Treasury's Homeownership Preservation Office told Bloomberg.
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29 comments:
I like eggs.
I especially love the second one!
Looking South towards Canada, from Detroit:
http://timeout.watchprosite.com/show-forumpost/fi-686/pi-3379676/ti-549541/s--11/
Ferry nice!
Althouse wrote: Did you know you can watch the sunset over Lake Michigan from Wisconsin?
Sure. Green Bay is part of Lake Michigan innit?
gorgeous !
Bottom photo could be abdomen in need of work covered in diaphanous garb.
So what is it?
Dadgumit. Just as one mystery is solved another one pops up.
The mystery of the shy sunflower solved.
Woo to the pics.
"Did you know..."
Yes.
***
The camera has somehow taken a mysterious photograph
Oh, bullshit. The photographer took a particular photograph, somehow or not, mysterious or not.
---
Nice job, Althouse, by the way.
But can Arizona see Mexico from Milwaukee?
I can only imagine that you dropped your camera in a lake where a friendly turtle took a short or two before returning it.
www.youtube.com/watch?v=E43sg-Ytt58
The first is very pretty, but some more clouds would have made it more chromatically luminous.
(I know the Professor doesn't have that ability yet, but wait until she retires and can devote more energy to it.)
The second, OTOH, looks like somebody's been dropping acid in the Photoshop.
Looks like the view from Sister Bay or one of the other small communities on the Green Bay side of Door County “The Thumb" looking West toward the sun setting over the southern tip of Northern Michigan where it joins the Northern border of eastern Wisconsin.
Door County is a gem with multiple State Parks, small communities with great Fish Boils and great fishing. The tip of the thumb is only about ten miles across so, if the wind is blowing strong from the West and roughing up the water on the Green Bay side, you can just cross the peninsula to the Lake Michigan side for smooth waters.
Do it all the time in the summer. Welcome to Door County, Althouse.
From the Shallows resort in Egg Harbor.
Ah Door County, that is where Cheeseheads confront their envy of their neighbors to the east (and north)!
That reminds me of sailing across the Panama Canal from Western side in the Carribean Sea to the Eastern side in the Pacific Ocean. Terrain is always the over-riding fact that we all live with and no imaginary thoughts can change it. Thank God for creating this good earth.
On the 4th of July you can watch the fireworks in Menomenee and other communities on the Nothern Wisconsin and Southern tip of the MI Upper Peninsula from the Green Bay side of Door County.
Door County provides great bicycling in the summer and great x-country skiing in the Winter.
If it is still there, Ann needs to have Swedish pancakes with Lingonberries at Al Johnson's restaurant in Sister Bay and take some photos of the goats on the grass roof.
Did you know you can watch the sunset over Lake Michigan from Wisconsin?
Is it the actual sun setting below the horizon, or just general atmospheric conditions created by the sun while setting in the west?
The second picture is, as stated, something that I found in the camera when I downloaded the pictures. I don't know what the camera was pointed at. I only tweaked the color and contrast a little. It was night, on Main Street, in Fish Creek, Wisconsin. I can tell you that.
Interview of former executive officer on Petraeus, his health, troop morale in Afghanistan.
The David Petraeus I Know
When our daughter was in school in Chicago we drove up to Sturgeon Bay once.
Beautiful place. Wish we'd had time to go further north.
It was night, on Main Street, in Fish Creek, Wisconsin.
I hope you had the opportunity to stay until morning and have breakfast at the White Gull Inn. I can almost taste the homemade hash browns now!
Things to do if your time allows, Ann.
Drive through Peninsula State Park (watch out for the deer).
Cross the Peninsula to visit Newport State Park (Watch out for the biting files, they can be terrible.)
Drive to the tip of the thumb and take the Ferry to Washington Island.
Ask a local how to get to the smooth rock beach where you will find thousands of great skipping rocks. Don't bring any back with you though, just skip them and enjoy their beauty.
I ship full of oil dumped on the water would spoil the effect.
Wally: Did you read that Al passed away two weeks ago?
Be thou at peace, Airborne trooper.
Visions of seemingly impossible things: How about this:
June 15, 2010
Cost to Fix Fannie Mae and Freddie Mac May Reach $1 Trillion
By Don Miller, Associate Editor, Money Morning
The cost to fix Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), the government-backed mortgage companies that bought or guaranteed three-quarters of all U.S. home loans last year, could run as high as $1 trillion, according to a report by Bloomberg News released yesterday (Tuesday).
The minimum amount required to keep them afloat will be $160 billion, or $15 billion more than they have already drawn from an unlimited line of government credit granted to keep the home mortgage market functioning. That exceeds the amount already spent on bailouts for American International Group Inc. (NYSE: AIG), General Motors Co. or Citigroup Inc. (NYSE: C).
"It is the mother of all bailouts," Edward Pinto, a former chief credit officer at Fannie Mae, who is now a consultant to the mortgage-finance industry told Bloomberg.
Fannie and Freddie own or guarantee 53% of the nation's $10.7 trillion in residential mortgages, according to a June 10 Federal Reserve report. Their books are loaded with millions of bad loans, and delinquencies are on the rise.
[snip]
"One trillion dollars is a reasonable worst-case scenario for the companies," Egan said.
How to stop the bleeding and convert the two mortgage giants to viable businesses is the biggest problem facing Congress as it negotiates a Wall Street overhaul.
For now, the Obama administration is delaying any action to keep losses off the government's books as Democrats ponder their fate in the coming congressional elections.
[snip]
Another idea under consideration by the Obama administration involves reconstituting Fannie and Freddie into a "good bank" with performing loans and a "bad bank" to absorb the bad loans. That could cost taxpayers as much as $290 billion, according to a May estimate by Credit Suisse (NYSE ADR: CS) analysts.
Others have come out in favor of simply nationalizing the companies due to the overall importance of the housing market to the U.S. economy.
[snip]
Whatever the eventual solution, most analysts say the government needs to make sure the companies survive, even if they draw billions of dollars from the Treasury Department for the foreseeable future.
The price tag of supporting Fannie and Freddie "needs to be evaluated against the cost of not having a mortgage market," Phyllis Caldwell, chief of the Treasury's Homeownership Preservation Office told Bloomberg.
Calypso Facto:
No, I had not heard that Al passed. He and his Restaurant were Door County legend.
It has been years since I spent every summer in Sister Bay so have lost touch with the local news.
Things to do if your time allows, Ann.
Go scuba diving at Death's Door. It's loaded with wrecks.
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