Muslim alternative to capitalistic interest payments: insolvency

Okay, here's my belly laugh of the day:"Sharia-compliant mortgage lender in receivership":

UM Financial was one of the first companies in Canada to offer so-called Islamic financing to Muslims who believe that sharia, or Islamic law, prohibitions against usury include interest on things such as mortgages.

UM would buy a property then lease it to a client so they were paying rent instead of interest. Some homeowners complained that the firm would also charge extra fees.

The company had $50 million in financial backing from Central 1 Credit Union of which almost $29 million is outstanding.

Qayum Mian knew he was paying a premium on his Markham house for the seven years he used UM Financial — he estimated up to 2 percentage points more than if he’d gone through a bank — but was happy to pay the price “because my conscience was satisfied.”

"Occupy Wall Street" does NOT represent the American middle class

Democrat pollster Doug Schoen explodes the Democrat/progressive Narrative about the "Occupy Wall Street" gang. It's a wishful-thinking-based storyline (promoted by the liberal media) that casts the demonstrators as righteously aggrieved "victims" of capitalism, who represent the views of "99 percent" of Americans and their aspirations. Reports Schoen:

Our findings probably represent the first systematic random sample of Occupy Wall Street opinion.

Our research shows clearly that the movement doesn't represent unemployed America and is not ideologically diverse. Rather, it comprises an unrepresentative segment of the electorate that believes in radical redistribution of wealth, civil disobedience and, in some instances, violence. Half (52%) have participated in a political movement before, virtually all (98%) say they would support civil disobedience to achieve their goals, and nearly one-third (31%) would support violence to advance their agenda.

The vast majority of demonstrators are actually employed, and the proportion of protesters unemployed (15%) is within single digits of the national unemployment rate (9.1%)....

What binds a large majority of the protesters together—regardless of age, socioeconomic status or education—is a deep commitment to left-wing policies: opposition to free-market capitalism and support for radical redistribution of wealth, intense regulation of the private sector, and protectionist policies to keep American jobs from going overseas.

Sixty-five percent say that government has a moral responsibility to guarantee all citizens access to affordable health care, a college education, and a secure retirement—no matter the cost. By a large margin (77%-22%), they support raising taxes on the wealthiest Americans, but 58% oppose raising taxes for everybody, with only 36% in favor. And by a close margin, protesters are divided on whether the bank bailouts were necessary (49%) or unnecessary (51%).

Thus Occupy Wall Street is a group of engaged progressives who are disillusioned with the capitalist system and have a distinct activist orientation. Among the general public, by contrast, 41% of Americans self-identify as conservative, 36% as moderate, and only 21% as liberal. That's why the Obama-Pelosi embrace of the movement could prove catastrophic for their party.

Team Obama and their willing media accomplices are such prisoners of the leftist Narrative that many actually believe that these street agitators and social misfits reflect the demographics of Middle America. We can only hope that continue to drink this Kool-Aid until November 2012.

"Public education" in the Age of Equality

I don't really think that I need to comment on this.

Except to say that, in the Age of Egalitarianism -- which is what our president and his party are all about -- not only can you be "too big to fail," you can be "too incompetent to fail," also.