I just can't get over how people go nuts over big tvs. Its the Ultimate Prize of our modern society- a deal on a huge TV! (sigh) If you can't spend the other hundreds of dollar- then watch your crap on your regular dang TV and get over it!
What I find funny is that on one hand we (and by "we" I mean society in general) are clamoring for bigger and bigger screens on everything from TVs to cell phones and yet, on the other hand, iPad Minis are "must haves" for some. Methinks that there is some psychology at work here and that people are buying things for reasons they don't quite understand.
I suppose, there is a tiny element of that..Somebody here has taken it upon Himself to do the TV buying in this house, without consulting The Other. So I must suffer in silence, (with Netflix, surround sound...OK not exactly in silence..ROFL!)
we have a 46" TV here that is fine - would have gotten the 52" if it was not almost double the cost - this was back 5 years or so ago. wife wants a bigger on now (she does need glasses for seeing any distance) and bring the 46 to the bedroom and then will probably want me to set up the 32" from there somewhere else. two tv's is enough though and we will be waiting longer yet on a larger TV. At least until 3D is a more established feature, not one to jump into the latest gizmo and deal with the early releases issues.
speaking of issues - does anyone ever have HDMI handoff problems? The ONKYO receiver we have periodically losses its signal for picture and sometimes audio (3 times over two years). It takes an hour of checking connections and trouble shooting to pin point the reciever. And since there is nothing in the manual about this you have to call customer service, which is very good and 24/7. Then you have to reboot the receiver with a short series of buttons and a prayer and it back to factory pre-set. Then when you have some time go back into set-up and make sure the custom settings are correct.
that happened on Saturday night here, what a pain in the butt.
my either - same for the high corporate tax rate we have here that forces corp's to have all the satilite headquarters around the world to avoid taxes. If it was a reasonable rate they would not bother and we would be the better for it.
Last week Christie said storm cost was 30 billion. Today it's 37 billion (larger than the entire budget for one year) and he says he expects the Feds to come up with the entire amount. Not to be outdone, Cuomo claims 40 billion for NY. Bloomberg - 19 billion. No, they're not padding it at all. Sure.
So now they officially asked to eliminate the debt ceiling for good. Incredible. Let debt increase automatically without discussion. Don't dare cut 'entitlements', which are 60% of all spending. Twilight Zone time.
Whatever the minimum wage is here, no one (unemployed or not) is willing to work for $10-15 an hour, just unskilled work, for folks like me who need help around the house/yard. Even the high school boys want $20 an hour to drive MY riding mower (and gas) across the lawn.
Remarkable ( isn't it ?) that people have such wildly different views of what is causing the average household's worth to decline. I'm starting to see why young people use the word "random" in almost every sentence.
Then read about the people who are heavily invested in pipelines. They are confidently planting big bucks there.
It's clear that the average individual investor has to change their strategy.
I'm investing in my own personal fitness because that's clearly important in order to keep working past the old retirement age.
So now 1/4 trillion in new stimulus is being pushed as part of the cliff negotiations. Reason? To offset the economic drag caused by higher taxes on the 'rich' would cause. A bit strange, since those pushing the tax increase say there is no such drag. More Twilight Zone.
I agree with Victor that this is nuts. In addition to the politics, you'd think by now that Keynsian thinking of the past has been shown to be a bad economic model. So where is the stimulus money going to go? I am trying to wrap my mind around where our future will be because there may be a lot of people who are hurt if we're not careful. I am especially concerned for folks on fixed incomes.
I am concerned for just about everyone. Fixed income, recent graduates, laid off workers older than 40...but especially for the future generations. I truly do believe they will be the first ones to be worse off than their parents/grandparents. Sad.
Cheapskates guide was interesting but really I don't think all that useful.
Product reviewing? You have to buy products in order to review them and hope to get on the team. Book reviews? Have to get and read them when they are new which mostly means buy them. And both those ideas and others need a computer and internet access. Travel cheap? You can't travel at all if you're really struggling.
Not picking on you Victor, but on people who write fluffy things like this. I DO like that he mentioned the library. TOns of free resources there. Don't just browse the shelf but look and ask for requesting books and media from other branches. We don't try to keep one of everything on every branch shelf. But (in my county and surely many others) happy to have it sent over free for you to pick up.
Sally, I order a lot of library books on loan, but most of them come from out-of-the-area universities, and I have to pay postage both ways. Our regional library system caters to the under-educated. One of the pitfalls of living in the poorest area in the state.
I don't worry as much about the next generation as I used to. As long as they are the main consumers and a huge voting block, they will have influence over the government's role in distribution of wealth. The Bush inheritance tax changes are a case in point. Lots of babyboomers (not me, too late) got very low inheritance taxes as the Greatest Generation started to pass in larger numbers. These numbers change elections. Medicare and Health Care in general are going to be an even bigger concern as the youth gain the majority.
Odd but it seems the next generation is cutting themselves out... I have friends that have changed their wills ( should they have anything left in future times) as they disagree politically with their grown kiddos.
It will not matter if they are a large voting block. They will not have choices, as Europe is seeing right now. In a few years our debt will exceed 20 trillion dollars, despite any kind of deal to slow the growth of new debt. Some holes are just too deep. I have mixed feelings about that term, 'greatest generation'. Sure, they won the war and established the US as a superpower. But THEY are the ones who started us on this path and we are now paying the price. We were going to 'win the war on poverty' if we only spent X billion. We have spent orders of magnitude times X and poverty is the same or even worse. Their ideas made this country dependent on government for everything and personal responsibility went out the window. This is why we are in the mess we are.
Problem is that there is no other country that has solved this problem either. We're looking at a world economy. As a product of the Sputnik years myself, I still put my hopes, and have encouraged my children's hopes in innovation from this country. Many disasters don't happen as predicted because there are just too many unforseen events. Having known lots of Europeans and Asian natives who either live in the area, or having had lots of au pairs, I'd say the difference in mindset is quite noticable
Went to store to buy hazelnuts, they had none in bulk so had to buy prepackaged, $4.99/ a bag, no express lanes open(had to ring myself I HATE that, don't work for your store I shouldn't have to ring myself up!!!) after scanning the bag it asks me to put it on the scale...well what the heck? it's prebagged not bulk! Last bag weighed over the 1 lb so they charged me more for that bag, called the girl over and complained...if they are prepackaged at the factory and marked 16oz and the sign says 4.99 a BAG, how can you charge me more $...well needless to say I left without my hazelnuts, went to a different store who had bulk at 4.49/lb
Most of the stores here have 4 of the self-checkout stations clustered together with one store employee stationed nearby. When you have a problem you just give them the nod and they come over to help. Most of the time it is still much faster for me to do it this way.
The law in California was changed so that now if you are buying alcohol at the store you cannot use the self-checkout lane.
More Twilight Zone - CLERKS behind the port strike in LA, which is coating the economy one billion per day, turned down an offer of 190K in wages and benefits with a no-layoff guarantee. Why is this greed not called out? CLERKS! Now Fed mediators will supposedly get involved. Bizarro.
Here's a thought: skip the Chinese-made goods (and wrapping paper!) as Christmas gifts, and give gift certificates from local American-owned hair salons, barber shops, oil change shops, gyms, house-cleaning services, mom 'n pop restaurants... you get the drift.
Yes darius, good ideas! Wrap the gifts in American - printed comics, the old fashioned way too. It still just baffles me that with the cost of fuel, its cheaper to ship this crap across the pacific than make it here.
Gardensox, I am with you on self checkouts. Including cussing at it when it malfunctions or is just stupid.
One of the friendly young ladies at the store is now a self-checkout monitor clerk. She hates it, much less chance to say hi to customers.
Jen thats still freaky about the hazelnuts. I can't ever remember having to put a prebagged item on the scale.
Last week, bought 3 lbs of greens for a dollar. This week, the sign was left up, hence overcharged, hence got this 3 lbs free.
Good thing as Whitewheat hot dog rolls pack of eight= $3. Hot dog rolls??? say what??
And that low youth employment last time led to '(horrors!) rock n roll! What now?? egads!
In my town the Taco chain closed overnight because they couldn't find people to work there. I know cause they called to make sure DD wasn't home from college yet. I really like this little franchise and they have been great to my DD working there, and stay in touch with her as friends, talk Spanish to her, etc. Seems to me these entry level jobs are going unfilled all over town because they can't find young people even in the high school who are willing to work.
Similarly, DH is trying to hire an electrical engineer fresh out of college, but he can't find any yet from the many applicants who have achieved the basic college level skills, so the job is unfilled.
To generalize, I wonder if the jobs problem for the many college educated young people means they aren't finding the college level jobs unless they have achieved the practical skills or are willing to pay their dues by working overtime, things that used to be assumed for new hires.
Schools included Wentworth which has a new engineering school and U of Hartford, and I don't know what others he's interviewed. Part of the problem is that the human resources department is doing the recruiting, and they don't seem to post in the better schools.. They would have been almost free to my DS because of scholarship offers. Glad he didn't go there. So far we think U mass Lowell is a place with amazing vision.
Yuupp - Sherrie is a Key Floral Inc. emp. Worked 10 hours today. I will take some pics of the 2 stores I have.
Oh - I got a raise. 22 cents per hour & have been earning vacation time since I started 4 months ago. Why 22 cents, its an equation. I wont even go there. The 2nd store I got is HUGE compared to my hometown store.
Good going Sherrie!
I have been with library for three years and no raise. Our co library budget has been cut more than about any other county agency. THis despite a co executive who keep a tight rein on school system. tight as possible.
I found a small juvenile level paperback book about unicorns, mislabeled. In the course of sending it to headquarters and asking about it, the circulation person looked at this book on Amazon and found one selling for $100. Should the library sell this book, or label it and circulate it, as if it were a cheap paperback? Couldn't someone steal the book, pay the $4? replacement cost fine, and then sell it?
Retired library books don't fetch the high prices that other books do, and I have noticed that the offered prices on Amazon don't necessarily reflect the true sale price of books. That said, I am sure that someone going through the retired books and listing them on Amazon or/and HalfBay could generate som money for the library. Maybe that could be an opportunity for a volunteer.
It'd be great to have a knowledgeable volunteer, come through and look at the shelves and flag anything with potential. But as you say, by the time it has been 'worn' on our shelves it may not be worth it.
Anyone wants to buy new fiction a few months after it comes out- and does not mind library covering- may be able to do it dirt cheap at your local library. We get dozens to satisfy requests for new fiction, and then they all have read it in a few months, and we can't keep all those copies. Quite often people donate fairly new fiction in excellent condition, ditto, can't use.
Who thinks patrons could or should pay some small fee for the service of getting brand new (fiction) books on reserve? Its simply entertainment. Shouldn't the library system be for education first?
The education function of our library is subsidized by the late fees, partly generated by checkout of entertainment, including all sorts of videos (movies, HBO series etc) and music cds. It's hoped that having entertainment (materials, and internet access (Facebook!)) gets people in to use more stuff.
OK I will quit now, everyone has to be getting bored ...
Top line jobs number looks good - 146K, beating 'expectations'. However, as usual - you have to look at the details. First, October was revised lower. Revisions always seem to be downward. More importantly, thousands more left the work force, yielding the seemingly better 7.7% rate. But if the labor force was the same as it was in Jan of '09, the rate would be 10.7%. That puts things in better perspective. As Jay Leno says, all we have to do is keep convincing people to give up and we'll have that pesky rate down to 5% in no time.
sallyg - It wouldn't be too time consuming to use a bar code scanner to upload the ISBN numbers and check the selling price. The books that are worth the most are the obscure ones that someone needs for research and they won't mind the retired library markers. I will bet there is a software program somewhere that is already designed to check prices by ISBN numbers. There might be a book reseller interested in having first choice of the retired books for a monthly fee.
AYankeeCat- I can only hope that this has been considered by the Powers that Be. As a rather pedestrian county system, we may not have that much of real value in that sense.
I have The Death of a President by William Manchester, and next year is the 50th anniversary of Kennedy's assassination. Cross fingers, if there's any interest in this book, it may be in the next year.
You aren't kidding Darius! I notice I haven't gotten any corporate sponsorships, hence my lack of parties here.
Hey they should get Hostess bakers to give them a cake party. Let them eat cake...
Say hi to our new neighbors! wonder when they'll start up buying all the land?
According to the National Association of Realtors, non-American buyers accounted for $82 billion in home sales last year. More than $7 billion of that is by the Chinese, who are now the second largest foreign home purchasers after Canadians. They're buying high-end, multimillion-dollar homes from California to New York and paying cash.
And now so many companies are moving up their dividend payouts to avoid any increase in taxes on them next year. Many will not issue any dividends at all next year as a result. So HOW will this raise more money?? Interestingly, many such as the Washington Post company PUSHED these tax increases. And one of their biggest investors who will benefit big-time? Warren Buffett. The hypocrisy astounds.
schicken- remember the learning curve, I think there's a complex learning curve to any new role, and pretty soon you will pass a point where it becomes more automatic and less of an effort. No burgers, no burgers, no burgers...Hang in there
Our gas going down, pd 3 17 today, others near here 3 21. Honda Civic getting 28.9 mpg around the burb.
The very rich/ advantaged can always use their means to improve their situation in certain ways. its a big game.
I've posted about the killer tax on medical device companies that will go into effect Jan 1st as part of the healthcare act. Now 18 senators who voted for it must have finally read it and are urging that the tax be put off. Duhhhhh.
CRAZY! The Fes is going to purchase 85 Billion in bonds PER MONTH until unemployment dips below 6.5%. That is just criminal. The bubble that will,produce will dwarf all the others. Look for another big runup in gold.
Another new tax that will hit in '13 thanks to the healthcare law is a devastating one for middle class families. The limit for medical spending accounts gets chopped in half, from 5K to 2.5K. This is particularly hard on families with disabled kids who have to spend a lot out of pocket. One more example of the 'no middle class tax hike' lie.
CA psych- insanity
how come we had to keep paying certain professions more to get better people, yet now the so many great people are laid off we cannot now benefit from this pool of highly skilled workers who one would think are willing to work for a little less?
Entitlements ARE the problem so they must be cut. Even Kristof from the Times admitted that the welfare state has perverse consequences. He was reporting from Appalachia how parents keep their kids illiterate to keep receiving checks.
This is what really pisses people off about DC. The request from the WH for Sandy relief ($60B) includes:
"The request, which still needs the approval of Congress, includes billions in urgently needed aide. But it also features some surprising items: $23 million for tree plantings to “help reduce flood effects, protect water sources, decrease soil erosion and improve wildlife habitat” in forested areas touched by Sandy; $2 million to repair roof damage at Smithsonian buildings in Washington that pre-dates the storm; $4 million to repair sand berms and dunes at the Kennedy Space Center in Florida; and $41 million for clean-up and repairs at eight military bases along the storm’s path, including Guantanamo Bay, Cuba.
The FBI is seeking $4 million to replace “vehicles, laboratory and office equipment and furniture,” while Customs and Border Protection wants $2.4 million to replace “destroyed or damaged vehicles, including mobile X-Ray machines.”
The Small Business Administration is seeking a $50 million slice of the pie for its post-storm response efforts, including “Small Business Development Centers and Women’s Business Development Centers.”
The relief package also includes a whopping $13 billion request for “mitigation projects” to prepare for future storms."
That's something that drives me crazy when they put all the add ons on the bills, then it gets thrown out because of all the extras and then people are mad at congress because they wouldn't approve the help for Sandy victims bill
"As we go through the bill, there’s a lot in here that isn’t emergency. For instance, 25 percent of the $10.8 billion in Federal Transit Administration funding won’t be spent until after fiscal year 2019! The Senate took the President’s request for $32 million for Amtrak and added a zero plus some more to come up with $336 million. Much of this is for a long-term project that has been in the works for year and has nothing to do with Sandy. There’s also policy provision that could have long consequences like the blanket, unlimited project authorization authority given to the Corps. This is an agency with a $60-70 billion backlog."
Well, I have to reply to the awful reports of abuses in government pensions in California.
Here in Massachusetts the average state worker's pension is about $25,000 per year. The cost of living adjustment is much less than inflation. For many, that is after working many years for less money than private industry would pay.
When I started my government job, people looked down on government workers because they earned so little. Now they look down on government jobs because of the relatively stable employment which they think is unfair. It would be nice to get a little respect for the hard work it is to keep the public safe and functioning, and educated...
Most of my family decided they don't want to exchange gifts as of this year. We're still spending plenty on the kids anyway just to keep them clothed. I have NOT given in to getting them all smartphones.
Funny Smartphone story - My girlfriend is 60 and bought her first cell phone 3 years ago and never used it. She lives in the world of the 1930's as she is a Labor Historian and hangs out with other historians all the time (well - except for me). I was shocked when I saw her at Thanksgiving pull out her smartphone and actually look at it for information! She doesn't know how to use the camera on it and I truly doubt that she can text - but something about it was enough to get her into the 21st Century. Wait - she didn't give me her cell number - what does that mean? LOL!
"Presidents have been talking about the federal government’s spending appetite for decades.
“We can’t spend ourselves rich,” Ronald Reagan once said.
Even President Obama said that “every day, families sacrifice to live within their means – they deserve a government that does the same.”
In the most recent talks to avoid the looming fiscal crisis, though, House Speaker John Boehner insists the president has been singing a different tune, and is “just not serious about cutting spending.”
But how much spending are we actually talking about? It may be difficult to wrap one’s head around how much the federal government doles out every day, but here is a snapshot.
Each day during the month of November, the government brought in a little more than $5 billion of revenue. That’s a lot of money – but the U.S. government spent in that time more than $11 billion a day. The difference is roughly $6 billion.
Of that $11 billion, the top items were as follows: The Department of Health and Human Services, which goes through roughly $3 billion a day; Social Security, which shells out roughly $2.5 billion a day; the Department of Defense, which runs a $1.8 billion daily tab; and interest on the debt, which eats up $854 million every day.
Economists say the latter number is the most concerning of all – since the country gets practically nothing in exchange for that. It’s just paying the bills on the debt, and the number is subject to wild fluctuation.
“We've got a $16 trillion debt, and servicing the debt is hard now,” former Democratic Sen. Evan Bayh of Indiana said. “This is with interest rates at record lows. God forbid something should happen to cause interest rates to go up even a little, back to where they ordinarily would be, the burden of this debt would become immensely greater.”
Alice Rivlin, Bill Clinton’s budget director, attributed the bulk of the spending problem to the promises made under Medicare, Medicaid and, to a lesser extent, Social Security.
"They'll drive federal spending up faster than our economy can grow,” she said. “And revenues won’t keep up, so we have a problem. If you don't have enough revenues to pay for the spending, you have to borrow. And on the track that we are on, if we go on doing what is in the law over the next several decades, our public debt will rise faster than our economy can grow.
“When that happens you got a real problem, because you’ve got to pay interest on that debt, and your creditors see that your debt’s rising faster than your economy is growing, so they charge more and more and it's a very bad situation,” she said.
Arthur Brooks, with the American Enterprise Institute, finds current debates about higher taxes misguided, with federal spending on overdrive.
“It's as simple as a family that does that. And the problem is right now you have a situation in which the government in its overspending ways tries to rationalize it by saying that actually the problem is we're under-taxing the American public,” he said. “It's like your irresponsible brother-in-law runs up his credit cards and goes bust and says the real problem is because you've stopped sending me checks.
“The truth of the matter is our country spends too much,” he said."
Difficult indeed if anything throws us into higher interest rates. I think Victor is nailing the real worry in our economy.
I've been thinking about why I am skeptical about the argument that we have to concentrate on fixing unemployment. Then I remembered what was happening in Germany especially before WWI. The Book Road To Serfdom written at that time and then the later commentary by William F Buckley is on my reading list. I think we have to be careful about what we ask for from government.
Who says there is no inflation?! Quote to plow my driveway is $45 per plow. 15 years ago it was $175 for first 10, and $20 each one after that. Yikes! Prices have not more than doubled in 15 years. Ripoff. Guess I better shop around. Was paying $35 two years ago.
Last year 100 gal home heating oil $286.00.
This year 100 gal home heating oil $383.00.
Wonder if we can make it through this winter on 100 gals like last winter? Turning on furnace for the holidays...average use is 2 gals per day, so we have 50 heating days, not quite enough, but that's all she wrote for now. Fuel and food insecurity here but we are still coping.
Oil delivery complete, I'm letting the tank settle before I crank up furnace. Owner of the company was out last month to repair furnace. Seems the previous company tech installed wrong nozzle and thus my fire box will need to be rebuilt come spring. I wonder how many newspapers I deliver each year to pay for switching out parts (even if wrong part!) on furnace and especially automobiles and then they still don't work right?
A good mechanic or repairman is worth their weight in gold and about as hard to find,
A shameless plea here to tip your newspaper carriers. So far, tips have covered 100 gals heating oil, two new car batteries and four tires, new ball joints and a muffler!
Card received from customer yesterday really touched me. It said
"Each day the newspaper appears, as if by magic,
But we know it isn't really magic --
it's your dedication
to all the customers on your route.
Thanks for the great job you do!"
Yay for dedicated paper deliverers!!! My boys always appreciated the tips they got.
Consigned an old hooked rug. The buyers wanted it framed, so when the owner of the shop called me to ask if I would lower my price because they wanted to get it framed. I told her that we do framing. Anyway, we took the finished piece to the shop this afternoon and the owner was blown away by how great it looked!! She said the buyers will be VERY happy. So, we put two framed prints of Jeff's drawings in her shop. See if there is any interest. Word of mouth!!
Think tanks are saying that the local government could / should have gotten a lot more in licensing fees from the new casinos around here (MD, DC)
On the other hand, the casinos spent a whole lot of money in advertising before the vote. That money had to go to some businesses, and people working. In my mind , that's a good thing.
I still voted against the casinos and recently the new addition of table games.
No one had written a news piece discussing losses to businesses which had their customers lured away TO the fancy new places. Just like, no one ever wrote about how our biggest local mall became a dump after the good stores went to the even bigger newer mall ten minutes away (which now has a casino) . Location location...
Certain amount of money from new profits is required set aside for local benefit, offsetting the impact of development and traffic.. One proposal is a shuttle bus...from the airport to the casino... not that much use to local residents is it? and so it goes!
Yes they are - they are LOSING taxpayer money bigtime. Though I was, and still am, against the Wall St. bailouts, ALL that $ has been paid back with interest. We lost billions on GM. Thousands of white collar workers lost their pensions and secured bondholders lost their $. It is a misnomer to even call it the GM or Chrysler bailout. It was a UAW bailout.
We got our statement for car insurance for the upcoming year, on Christmas eve. But Santa decided since our two young drivers have made it this far with no incidents, that we get a discount
YAY I DO beleive in Santa claus!!
So after an encouraging Black Friday, holiday sales flopped. Lower than expected. Blamed on Sandy, the shooting and fiscal cliff. I think the main reason is continued 'reality check' regarding this crappy economy. Personal debt continues to be paid down. Too bad the idiots in DC can't do the same.
"The Social Security program ran a $47.8 billion deficit in fiscal 2012 as the program brought in $725.429 billion in cash and paid $773.247 for benefits and overhead expenses, according to official data published by Social Security Administration."
"A recent survey by AAA finds a strong likelihood of consumer confusion and the potential for voided warranties and vehicle damage as a result of the Environmental Protection Agency’s (EPA) recent approval of E15 gasoline. An overwhelming 95 percent of consumers surveyed have not heard of E15, a newly approved gasoline blend that contains up to 15 percent ethanol. With little consumer knowledge about E15 and less than five percent of cars on the road approved by automakers to use the fuel, AAA is urging regulators and the industry to stop the sale of E15 until motorists are better protected. "
As I expected, the cliff deal contains taxes but no cuts. The GOP falls for this now for the third time. First with Reagan, then with Bush Sr. and now once again. A promise to look into cuts at a later date. Only 'good' thing is the higher threshold for tax increase.
"Consider, for example, these seven “firsts” for the U.S. economy:
1. All-time record annual average gas price: In 2012, the average cost of a gallon of gas eclipsed the previous record by nine cents, bringing the annual average to $3.60.
2. All-time record food stamp participation: As of last month, for the first time in American history, 47,710,324 individuals -- roughly one out of every seven people living in the United States -- now receive food stamps.
3. All-time high youth unemployment: In the last four years, average youth unemployment eclipsed the previous record rising to 17.5% -- the highest ever in recorded U.S. history.
4. All-time high number of Americans no longer in the labor force: Never before in U.S. history have so many been sidelined from the workforce. Today, a record 88,921,000 Americans are no longer a part of the U.S. labor force.
5. All-time record number of Americans collecting disability: Medical advancements and technological innovations have increased life expectancy and made workplaces safer. Still, the number of Americans collecting Social Security Disability Insurance (SSDI) has skyrocketed in the last four years. Today, a record 8,827,795 individuals collect a disability check averaging $1,130.34 a month.
6. All-time record number of Americans living in poverty: According to the U.S. Census Bureau, a record 46.2 million people in America are living in poverty, the highest number in the 53 years that the Census Bureau has collected the figure.
7. All-time record U.S. debt: The last four years have exploded the U.S. debt to levels never seen before in American history. Presently, the United States is $16,400,000,000,000 in debt.
Will America continue on its present economic trajectory in 2013? Here’s hoping not."
The Stock Market "Jitters" are over till the next cliff coming in March.
$1,130.34 a month for SSDI? My husband could stay home & do automotive jobs on the side & make more money. He charges 40 per hour and dont make that at the sawmill. In the summer time 60 per hour on the excavator & red tractor.
They should be doing it now. They will put a patch on it and start over utill they have to, Feb, March whatever. Like they did last year & the year before and come out with a fix on the Last Minute, Like they did Monday.
The Washington DC idots have to go on a Catastrophic Diet to stop spending and get the budget balanced. They need to get locked in DC & given no food till they SMARTEN UP.
It all a bunch of baloney. And yet where is my outrage? I just feel like even writing my reps would be a joke to them. If things ever got really hot, they all have enough money to jump ship and move to Ecuador.
THere's been a huge push to get kids to 'college' in theory that they just lacked certain skills. LIttle to negative emphasis here on any kids going to vo tech, unless they ask, or are in certain groups in school.
Friend's autistic kid doing fantastic in skilled machining and started at a company in his junior summer. He's set, when couple years ago she thought he'd be collecting disability.
blue collar jobs get a really bad rap, unfairly. But where would you get the training if you don't go to tech HS? THose tech colleges are pricey too. HS is afraid of steering too many kids to vo tech because 1 it does not give the school the prestige of college entry, and 2 they fear being accused of steering certain kids away from "the better college route" (discriminating)
We have two kids that are disciplinarians and expect a good work ethic from their kids. The other two think that their kids "deserve" everything without putting any effort into anything and are very lenient with them. Since they do not read these posts, I can admit that the first group is much easier to take.
Darius - absolutely. Just meant that these days it begins in utero! I firmly believe there are many people in this recession who have chosen NOT to take jobs that they feel are not good enough for them.
Agree, Bill. My older guy has plenty of chores. Even when I use a plow guy for the driveway, he has to shovel out the walkway, the mailbox and all areas blocked by what the plow does. He takes care of the cats - feeding and scooping poop. Takes the garbage and recycles out. Does the salad at dinner. Now that he is 14, he will get working papers and hopefully will work this summer.
My brother and SIL are far too lenient - especially with my nephew. He has been in trouble with the law and is LAZY. 25 year sold and sitting home with them doing nothing. He has a real skill - plumbing, but since he lost his job with his uncle meh thinks work is going to find him! I would have thrown his a$$ out long ago.
received our 2013 property tax bill today - i was prepared to fight if it was inflated and was surprised to see it was accurate. and after checking all the real estate sites they have the property 30K higher on average - a few years back the town was right on the dollar. it is to painful to mention how much the overall value has dropped in 4 years. our taxes are included in the mortgage payment so that will drop some, we will continue with the same payment to increase the extra we put towards knocking down the principle.
I also learnt that we own basically all the wet lands and some land on the other side of them out back if zillow.com is to be believed - now all those rocks I re-purposed were mine all the time :)
Kids are all looking to CSI classes. Who even knew that was a job ten years ago? We need a reality glamor program for real work! Its a bit sad that Dirty Jobs talked about how rough and dirty and crappy all those jobs are.
I don't think I had a clue what "work" really meant until I moved away from Maryland in 1980. Back then, "work" to me was time spent in an office, using my brain... all it really exercised was my brain, and encouraged the thinking that my high-priced salary made me special, or at least gave me entré into the upper 5% of wage earners. What a pile of crap.
People who still measure success by monetary values are in for a big comeuppance.
Most of the estimates I see for the stock market are predicting 5% growth this year. Problems are more about how wealth is being distributed. My pretaxed retirement plan is doing very well also. Plan is to keep putting money into it.
Most predictions for 2000 were for double digit growth. Similar rosy predictions for 2008. Very few actually predict downturns. Not in their interest to. Not saying the drops will be comparable, but like the lottery commercial says, hey, you never know.
I "talked to chuck" like the commercial. Victor would like that Schwab does not indulge in prognostictions for how much the market will grow or not. They DO say to overweight slightly in short to intermediate term bonds. This is what the big boys who lave lots of money for buying bonds are doing though people with money and institutional funds can handle the risk in long-term bonds as well.
At the Schwab office they had a chart showing from year to year where they saw the better investments including during the 2001 downturn. REITs made the list in 2011 but not since. I am currently comparing them to Edward Jones, Fidelity and Ameriprise. Seems each company still has different things they can do well and they have all changed a lot since ten years ago.
So completely embarrassing and pathetic that there was serious discussion about minting a trillion dollar coin to raise the debt limit. Shows just how out of touch the 'leaders' are. Banana Republic stuff.
"Generally Accepted Accounting Principles (GAAP) refer to the standard framework for financial reporting that most U.S. corporations employ. The act of intentionally producing false GAAP statements is a crime.
John Williams, writing at ShadowStats.com (subscription required), used the Treasury Department's latest financial statements and calculates the true 2012 federal deficit, which includes the net present value of unfunded liabilities like Social Security and Medicare) at:
In 2011, using GAAP accounting, the federal deficit was:
Which means the annual deficit grew at a rate of nearly:
30 percent in one year
Anyone who thinks this level of fiscal irresponsibility can last much longer, raise your hand."
Keep in mind they are referring to the ANNUAL BUDGET DEFICIT, not the national debt! Using the same accounting methods they compel businesses to use, the deficit is five times higher than the officially reported one.