Home Junction

Shack in a slum near the property

The LA Public Library has only one photo entry for "Soldiers Home" that seems to depict the slum that once existed where the 405 and the 10 intersect.

If you’ve used Google Maps in a major metropolitain area, you may have noticed one or two “neighborhood labels” that seemed bizarre and new to you even though you know the area quite well.

Here is a link to Home Junction on Google Maps.

As best as I can determine, some of these names go back to the 1960s. The reason I think that is because of a little area in west Los Angeles that on Google Maps is labelled Home Junction.

If you look at the intersection of the Santa Monica freeway and the San Diego freeway (I-10 and I-405 respectively), Google Earth has a little label for the area and that label says “Home Junction.”

In fact, if you drive around the area where National crosses under the 405 there is one of those weird blue City of LA signs denoting that you are in a “named region” of the city. It also says, “Home Junction.”

Home Junction? WTF is that? I like to think I know the west L.A. area quite well — between the different neighborhoods and their historic origins — I find that stuff interesting. Palms, Sawtelle, Mar Vista, Rancho Park — it’s my albatross.

So, what I’ve pieced together is this: the junction was so named because it was the meeting point between the spur line and the main trolleyway that once connected Santa Monica with downtown Los Angeles. The spur line connected to the Veterans Administration facility via a little street called Sawtelle. Back then the VA was called “The Old Soldiers’ Home”, hence, Home Junction.

Taking Wall Street Firmly To Task

“I had grossly underestimated the level of extraordinarily unethical and even fraudulent behavior that had occurred on such a large scale,” Ferguson tells All Things Considered host Melissa Block, in a conversation airing Friday.

via Inside Job Director Charles Ferguson, Taking Wall Street Firmly To Task : Monkey See : NPR.

New Versus Classic Koch

Heres something for your “can this possibly be for real” file this morning. Over at the Buffalo Beast — the former print alt-weekly turned online newspaper founded by onetime editor Matt Taibbi, typically best known for its annual list of “The 50 Most Loathsome Americans” — there appear to be recordings of a phone call between Wisconsin Gov. Scott Walker and current editor Ian Murphy. Now, why on earth would Scott Walker want to talk on the phone with the editor of an online site in Buffalo? Well, he wouldnt.

via Scott Walker Gets Punked By Journalist Pretending To Be David Koch.

Lloyd! 8==>

Apparently, Goldman Sachs would be in trouble if it were a Vegas casino.

The issue deals with things called front-running and derivatives trading against its own investors. For the rest of us, “derivatives” is a general term used on Wall Street to describe any kind of securities trading that is done off the market and is consequently unregulated.

Oh, and these are always the types of deals that cause market crashes.

The Securities Act of 1934 specifically defines a class of “qualified” investors who are supposed to have enough assets and enough savvy to make their own mistakes, God bless ‘em. Yet in Vegas, where there is a sucker born every minute and capitalism is at least as popular as it is in New York, section 465.070 of the Nevada Gaming Law makes it a felony “to place, increase or decrease a bet or to determine the course of play after acquiring knowledge, not available to all players, of the outcome of the game or any event that affects the outcome of the game or which is the subject of the bet or to aid anyone in acquiring such knowledge for the purpose of placing, increasing or decreasing a bet or determining the course of play contingent upon that event or outcome. ”

via Adam Smith Money World.

Wall Street’s Bailout Hustle : Rolling Stone

God bless MATT TAIBBI. He got it right again!

This is the most important issue in America right now and the only magazine to deal with it right is Rolling Stone?

Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy – they’re re-creating the conditions for another crash.

I have to admit, I do have a soft spot for Jann Wenner.

Cathy Geiss from 30 Rock with her Teddy Ruxpin bear

Incidentally, America’s ruling class should be hopping mad they’re getting fleeced by this corrupt executive compensation system. The bankers run their businesses into the ground because their bonuses are based on year-on-year performance.

That is to say, the easiest way for me to double profits from one year to the next is to crash the company first. Then I can do a mediocre job and look like a rockstar.

via Wall Street’s Bailout Hustle : Rolling Stone.

Global market turmoil hints that U.S. recovery may founder | McClatchy

Awww, man.

Conflicting U.S. jobs data and mounting concerns about debt defaults abroad that threaten global economic growth triggered a worldwide wave of stock-market volatility Friday amid fears that the improving U.S. economy could unravel.

A mixed jobs report from the Labor Department, including a revision that showed that 2009 job losses were far greater than thought, called into question the strength of the U.S. recovery.

via Global market turmoil hints that U.S. recovery may founder | McClatchy.