74 replies to this topic

[stocks]

Europe’s Screwed Generation

As the boomers have held on to generous jobs and benefits, their children have given up on raising families

AIG Chief Sees Retirement Age as High as 80 After Crisis

“Retirement ages will have to move to 70, 80 years old. “That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth.”

Greece, where the average life expectancy is 81.3 years, has an effective retirement age of 59.6, among the lowest in Europe, according to data compiled by Bloomberg. French President Francois Hollande, the Socialist who was sworn in last month, has pledged to cut the retirement age to 60 from 62


http://www.bloomberg...rce=Patrick.net

[Dex]

“Retirement ages will have to move to 70, 80 years old. “That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth.”

So, the youth will be sitting around and living on welfare because all the old people have the jobs.

[stocks]

There's nothing wrong with the country a bad recession can't fix.

The rate of illegal immigration has suddenly plummeted.
In 2005, America had the lowest personal savings rate since 1933. In fact it was outright negative -- i.e., consumers spent more money than they made. Today it's at 3.4 percent.
From 2008 to 2010, American multigenerational households increased at a faster rate of growth than in the previous eight years combined, according to AARP.
In perhaps the most welcome news, laser tattoo removals have increased by 32 percent

http://townhall.com/...side/page/full/

Between our slowing growth and our unsustainable spending commitments, “the days when lawmakers could give to some Americans without shortchanging others are over; the politics of deciding who loses what,
and when and how, is upon us.” In this era, debates will be increasingly zero-sum, bipartisan compromise will be increasingly difficult, and “the rules and norms of our politics that several generations
have taken for granted” will fade away into irrelevance.

http://campaignstops...6/06/no-recall/


Half of US social program recipients believe they "have not used a government social program"

It's the "Keep your government hands off my Medicare" phenomena writ large: a society of people who subsist on mutual aid and redistributive policies who've been conned (and conned themselves) into thinking that they are rugged individualists and that everyone else is a parasite.

http://boingboing.ne...-social-pr.html


Mises, Rothbard, and the rest of the great Austrian thinkers taught us that meddling by Washington and the Federal Reserve will not create economic riches. The malinvestments of the boom must be liquidated, and that liquidation process will continue despite Obama and Bernanke claiming they can reinflate the bubble prosperity. They can't.

http://finance.townh...week/page/full/

[Rogerdodger]

This is just sick!

Justin Bieber tour sells out within an hour; BOK may release additional seats

[Rogerdodger]

Philly mayor joins soda ban -- after opening Shake Shack!

Instead of banning sodas and happy meals, how about banning kids from sitting on their butts playing video games 12 hours or more a day.
A little forced government tag and idiot ball could help.
But that's all been banned too.

Maybe 2 hours of mandatory bicycle riding?
Oh. I forgot. The streets, riddled with crime, aren't safe for kids because law enforcement is too busy cracking down on, salt, Cokes and Bake Sales.



A day before deriding big drinks and fattening foods at a conference in Washington, Philadelphia Mayor Michael Nutter was at a ribbon cutting for a new Shake Shack in Philadelphia.

"Nutter" for sure.

Edited by Rogerdodger, 08 June 2012 - 08:45 AM.

[stocks]

Rest in Peace Ray Bradbury, Enemy of Political Correctness

Take heed America - many of his dire warnings about the dangers of political corrrectness and totaltarian thought are now coming true.

During the 1970s a lady at Vassar wrote to express enjoyment of Bradbury’s Martian Chronicles. The author was glad to hear it but dismayed at the woman’s plea for him to rewrite the book “inserting more women’s characters and roles.” He also received complaints that the blacks in the book were “Uncle Toms,” with a hint that he should “do them over.”

Fahrenheit 451

Bradbury discovered to his horror that editors at Ballantine books had censored 75 sections of that very novel, which deals with book-burning. He took care of that problem but found that politically correctness was on a long march. His play Leviathan 99 had premiered as an opera in Paris but a university theater declined to perform it because the cast had no women.


http://frontpagemag....al-correctness/

[salsabob]

In the past, I would read what is exhibited here on this thread, and weep for my country. Now, I've figure out how to make money, a lot of money, off of such bizarre 'thinking.' Its great! pssss, here's the real secret to what ails our society - it's the Baby Boomers (cynical Xers are a problem, a different problem, but there's far too few of them to matter). You see, it's Boomers that are ideologically, if not culturally (and we have a few big ones pitted against each other - think, Jim Jones vs Woodstock), blinded. They start with their conclusions, then they go looking for bits of info here and there to support their preconceived conclusions (next to porn, it really is the reason why there's the Internet - sorry, Al G., it wasn't you). They never question the supporting info they got let alone spend any time looking at any counter information. Nope, that's not what Boomers do; they prefer to just say they're right, and here's why (link) here's why (link), here's why (link), etc. etc., ad naseum. Now there's some really smart people who have figured out not only how to use this to become enormously wealthy but also very powerful. And with that power, they can manipulate the Boomers even more. For example, just look at where many of the links provided on this thread take one. The trick isn't just to know what the truth is. Nor is it to know what will make Boomers foam at the mouth (what doesn't?). It's figuring out what the manipulators want the Boomers to foam at the mouth over and why. This will go on for about another 10 years. The Boomers don't all have to die off; they just have to get too old to hold the reins. You all aren't going to give it up easy, however. While most can’t figure out why, there's a lot of desperation in the air over their demise - you can feel it oozing out on this thread for example; the 2012 election is big time oozing. Most Boomers are headed off to be cranky old men on the govt dole (which will really make them cranky!); a very few smart ones are going to be a lot less cranky and a lot more rich.

Edited by salsabob, 08 June 2012 - 11:32 AM.

[stocks]

French President Francois Hollande, the Socialist who was sworn in last month, has pledged to cut the retirement age to 60 from 62

French President Francois Hollande: "Make Layoffs So Expensive For Companies That It's Not Worth It"

Why don't we raise the cost of funerals till nobody dies!

Four Things Will Happen:

Mass layoffs will occur before the law passes.
Companies will move any jobs they can overseas.
Ongoing, if it's difficult to fire people, companies will not hire them in the first place.
Corporate profits will collapse along with the stock market should the need to fire people arise.


http://globaleconomi...?x#echocomments

[stocks]

The Peasants Are Revolting

The Peasant Revolt Moves to Wisconsin

California Vote Deals Blow To Public Sector Unions

Voters in San Diego (the nation's 8th-largest city) and San Jose (the 10th-largest) overwhelmingly approved big cuts to city workers' retirement benefits.

At last it has sunk in: Overly generous spending on public employee benefits is killing California's cities.

"As the pension payments grew," the AP reports, "San Diego's 1.3 million residents saw roads deteriorate and libraries and recreation centers cut hours. For a while, some fire stations had to share engines and trucks."

Politicians took money and votes from public unions in exchange for ridiculously generous pay and benefits. They figured that sucker taxpayers would just pay the bill later - long after they were out of office.


http://www.familysec...ns?f=must_reads

[Rogerdodger]

Let them eat cake. Pie too!

First Lady Michelle Obama stopped at Mom's Apple Pie Company in Occoquan, Va. on Thursday. She ordered an apple and a sour cherry pie.
“I will be killed if I don’t come out of here with pie,” Obama said, according to a pool report.