JOBSEARCH: The risk inherent in the status quo of employment

Monday, June 30, 2014

http://smallbusiness.foxbusiness.com/entrepreneurs/2014/06/27/women-are-becoming-entrepreneurs-at-faster-rate-than-ever-but-are-still-less/?intcmp=HPBucket 

SOME ADVICE I SHARED WITH SOME LADIES AT WORK

Seems like this is a trend to jump on or tap into. Always thought that “women” made great “entry-pre-newers”, if an only if, they can over come “risk”. Over my career, I’ve seen several women make the leap of faith to their own business. What I try and point out to everyone (men and women) is that the “status quo is not risk free”. I counsel job seekers and potential job seekers that they must rigorously and honestly evaluate just how much is at risk in their current state. One tool is my “how much money do I need to have to get another job”. Age, level of education, hotness of field, hotness of your geography, level of position you’d accept, what’s your burn rate, how do you look, and unfortunately sex all combine in strange complex calculus to determine the risk of the status quo. In more than one instance, I have seen that calculation result in both gals and guys taking a different view of being your own boss. At least then, your fate is in your own hands. It’s a decision I’ve made three times with mixed results. Your mileage may and will vary. 

Anyway, have good week, which ends with “Independence Day”, isn’t that a coincidence? 

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POLITICAL: BHO44 impeachment?

Monday, June 30, 2014

http://www.thedailysheeple.com/obama-impeachment-gop-faces-three-huge-obstacles_062014

Obama Impeachment: GOP Faces Three HUGE Obstacles

Michael Thomas
Storyleak
June 23rd, 2014

*** begin quote ***

It does appear that the Repubs may be waiting for the midterm elections to take back the Senate, and restock the House even stronger.  In which case they may be waiting for a pretext to impeach both Obama and Biden. In which case the new Speaker’s wife just may move into Michelle Obama’s bedroom.

*** end quote ***

I have oft opined (not that anyone listens to me) that “impeachment” of a President is the power of the MINORITY party to remove a President that damages their future chances to “suck at the teat of Gooferment”. (Why else would they?)

I cite the R’s with Nixon. He resigned ONLY because the R’s said “you’re toast”. Not that they care too much about him, BUT he was going to take all of the other lifetime R’s down with him. (Rats and the sinking ship come to mind!)

This blog post illustrates another “impeachment method”.

Should the Sheeple be so “offended” by the sitting President’s conduct, (which I think is “egregious” even by today’s standards), that they vote in the opposite party with a sufficient plurality and majority (particularly in the Senate), that impeachment is a foregone conclusion.

While drastic, maybe the Sheeple can be interested to the point of voting.

Obamacare, immigration, VA, and the collapse of “foreign policy” might just be enough to have these sheep look away for DWTS and vote for real “hope and change”.

I hope that the Libertarian Party doesn’t shill for the D’s and save them.

Argh!

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JOBSEARCH: Shadowstats says 20% unemployment rate

Sunday, June 29, 2014

http://www.thedailysheeple.com/stone-cold-proof-that-government-economic-numbers-are-being-highly-manipulated_062014

Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated
Michael Snyder
The Economic Collapse
June 26th, 2014

*** begin quote ***

The Federal Reserve would have us believe that the unemployment rate in the U.S. has fallen from a peak of 10.0 percent during the recession all the way down to 6.3 percent now.

But according to shadowstats.com, the broadest measure of unemployment is well over 20 percent and has kept rising since the end of the last recession.

And according to the Federal Reserve’s own numbers, the percentage of working age Americans with a job has barely increased over the past four years…

*** end quote ***

Stunning!

And I have no doubt that’s closer to the truth.

Add all the folks going on disability, “retiring early” wether they want to or not, and the young?

It’s a national disaster and a disgrace.

Argh!

Slash the Gooferment!

USDA, HHS, Homeland “Security” …

Sorry but we are SO broke!

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RANT: Ahmed Abu Khatallah aka “political theater”

Saturday, June 28, 2014

Suspect in Benghazi Attacks Pleads Not Guilty
Ahmed Abu Khatallah pleaded not guilty to U.S. allegations that he helped carry out the 2012 attacks on the U.S. consulate in Benghazi that led to the deaths of four Americans, including U.S. Ambassador Christopher Stevens.

At a hearing on Saturday afternoon, lawyers for the Justice Department said they intend to bring a superseding charge, which could result in Mr. Khatallah being eligible for the death penalty.

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Anyone else think this is “political theater”?

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EVLYNN: Jacki’s doing a blood drive on Ev’s birthday. 7/1/14

Saturday, June 28, 2014

Jacki’s doing a blood drive on Ev’s birthday. If anyone’s interested?

July 1 2014
5 Industrial Drive
New Brunswick NJ 0890
11:30 to 5:30

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I’d be most appreciative for your help!

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POLITICAL: Murder is murder

Saturday, June 28, 2014

http://www.lewrockwell.com/2014/06/david-swanson/to-hide-the-brutality-of-us-imperialism/

So That’s Why They Kept the Drone Kill Memo Secret
By David Swanson
War Is A Crime.org
June 25, 2014

*** begin quote ***

The memo considers a section of the U.S. code dealing with the murder of a U.S. citizen by another U.S. citizen abroad, drawing on another section that defines murder as “the unlawful killing of a human being with malice aforethought.”

David Barron, the memo’s author, needed a loophole to make murder-by-missile a lawful killing rather than an unlawful killing, so he pulls out the “public authority justification” under which the government gets to use force to enforce a law. It’s a novel twist, though, for the government to get to use force to violate the law, claiming the violation is legal on the Nixonian basis that it is the government doing it.

Alternatively, Barron suggests, a government gets to use force if doing so is part of a war. This, of course, ignores the U.N. Charter and the Kellogg Briand Pact and the illegality of wars, as well as the novelty of claiming that a war exists everywhere on earth forever and ever. (None of Barron’s arguments justify governmental murder on U.S. soil any less than off U.S. soil.)

*** end quote ***

When the “King” kills his subjects, then we have tyranny.

Is there any doubt that the Gooferment has “crossed a very important Rubicon” with this memo?

No one can have any doubts now.

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CLOUD: Office 365 and an outage

Friday, June 27, 2014

Sonja Thompson
Editor of this Newsletter
Sonja Thompson | Senior Editor | @sonjathompson
Sonja Thompson is a Senior Editor of TechRepublic.com.
New Office 365 OneDrive storage is essentially “unlimited”

Microsoft bumped the OneDrive cloud storage for all Office 365 accounts to a whopping 1 TB.

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And it was down for a day in America.

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RANT: Give me my $1600?

Thursday, June 26, 2014

http://online.wsj.com/articles/obama-proposes-500-million-to-aid-syrian-rebels-1403813486?mod=djemalertNEWS

*** begin quote *** 

Obama Proposes $500 Million to Aid Syrian Rebels
Program to Train and Equip Moderate Opposition Would Expand U.S. Role in Civil War

*** end quote ***

Argh!

Like “we” have a ½ BILLION to blow.

Give every taxpayer, (.5 * 10 ** 9 / 300 * 10 **6 = 500 / 300 * 10 ** 2 = 1.6 * 10 ** 2) 1600 $ back?

sigh!

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RECOMMENDED: LASTPASS for password generation and retention

Thursday, June 26, 2014

https://lastpass.com/f?408336

I have the $12 per year premium account and it’s well worth it.

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POLITICAL: Heart Disease ‘Pandemic’

Thursday, June 26, 2014

http://www.lewrockwell.com/2014/06/joseph-mercola/butter-the-new-health-food/

Butter Is Back—Processed Foods Are Identified as Real Culprits in Heart Disease
By Joseph Mercola
Mercola.com
June 24, 2014

*** begin quote ***

Flawed Nutritional Guidelines Have Created a ‘Pandemic’ of Heart Disease

Between 1920 and 1960, Americans’ butter consumption declined by over 75 percent, yet heart disease went from a relatively unknown condition to the number one killer. Consumption of trans fat radically increased in the mid-1950s, and rates of sudden death from heart disease have faithfully risen right along with trans fat consumption.

Today, there are 30,000 items in the American diet that contain trans fats, according to the FDA. That should give you an indication of just how prevalent these dangerous fats have become!

Basically, if you eat processed foods, you’re likely eating trans fats. Many products that claim to be “zero trans fat” simply have portion sizes that are so ridiculously small that the trans fat falls below the permissible limits and therefore do not need to be listed.

Authority Nutrition has assembled several graphs with side-by-side comparisons of obesity and heart disease trends with nutritional trends over time. These graphs make it easier to visualize how the low-fat recommendations have done you no favors whatsoever.7 For example, the following graph shows how the European countries that eat the least saturated fats have the highest risk of heart disease:

*** end quote ***

Why would anyone believe ANYTHING from the Crony Capitalists and their agent called “The Gooferment”?

This includes, but not limited to, FDA, USDA, CDC, … … … 

Argh!

Next we’ll find out that smoking is good for you. (Credit to Woody Allen for that bit of sarcasm.)

We have to think for ourselves.

Argh!

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JOBSEARCH: How Can Women Advance? Let Them Fail – BankInfoSecurity

Wednesday, June 25, 2014

http://www.bankinfosecurity.com/interviews/how-women-advance-let-them-fail-i-2344

How Can Women Advance? Let Them Fail – BankInfoSecurity

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How Can ANYONE Advance? Let Them Fail – BankInfoSecurity

Counter intuitive?

When I manage folks, my theory has always been: (1) allow them to set their own goals and objectives [I'm always surprised how aggressive folks can be!]; (2) if it’s a “below the waterline” failure, be supportive and don’t allow it to fail; (3) if it’s an “above the waterline” failure, permit it to fail. There’s a theory that says “we learn more from our failures than our successes”. Some of us never learn. Argh!

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POLITICAL: “Disabled” America

Tuesday, June 24, 2014

http://cnsnews.com/news/article/terence-p-jeffrey/11004507-disability-beneficiaries-top-11-million-first-time

11,004,507: Disability Beneficiaries Top 11 Million for First Time
June 20, 2014 – 4:04 PM

*** begin quote ***

The number of Americans receiving disability benefits continues to exceed the populations of Greece, Tunisia and Portugal and is drawing closer to Cuba, whose population of 11,047,251 (as reported by the CIA) is just 42,477 more than the 11,004,507 Americans receiving disability benefits.

*** end quote ***

I have read that once someone goes on disability, they never come off.

And, is this substitute for lifetime unemployment.

How does one differentiate between “the truly needed” and the moochers?

Really, all charity must be private.

http://www.acton.org/public-policy/effective-compassion

*** begin quote ***

How are the poor best aided? After a thirty year governmental “War on Poverty” failed to reduce poverty in America, a consensus developed that the centralized entitlement approach of the federal government created more problems than it solved. Consequently, in 1996 welfare reform and its “Charitable Choice” provision paved the way for more involvement by the private sector, especially by faith-based institutions, in helping the poor make the transition from welfare to work. The welfare reform law of 1996 was a first step away from direct federal control of help to the poor and toward private sector solutions-but it was only a first step. The Acton Institute envisions a revivified civil society that is energetically involved in transforming the lives of the poor with a minimum of government intervention.

*** end quote ***

It’s a hard topic, but if the economy was booming, it wouldn’t as big an issue.

And the economy isn’t going to boom until the Gooferment is cut down to the bones.

Minimum wage, high taxation, and over regulation!

Then maybe the “little people” would have a chance.

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TINFOILHAT: “Hitler Uberlebte in Argentinen”

Monday, June 23, 2014

http://www.lewrockwell.com/2014/06/christopher-condon/did-hitler-escape-to-latin-america/

Did Hitler Escape to South America?
By Christopher Condon
June 21, 2014

*** begin quote ***

Could the fallen German dictator, Adolf Hitler, have been among those Nazis who found refuge in South America? To most historians, the idea is preposterous because everyone knows that Hitler committed suicide in an underground bunker in Berlin at the very end of WWII.  But the notion that Hitler had fled Europe did not seem preposterous at the time. Did not Admiral Donitz, the head of the German Navy, once state that the German Navy had prepared a safe haven for Hitler somewhere in the world in the event that Hitler’s position in Europe became untenable? In the immediate aftermath of the war, there was world-wide speculation that Hitler had escaped. For example, on July 17, 1945, the Chicago Sun Times reported that that Hitler was still alive and living on a ranch in Argentina. Some well-informed persons in high places, notably General Dwight Eisenhower and Soviet dictator Josef Stalin, took these reports quite seriously. The latter adamantly insisted until he died in 1953 that Hitler had escaped to either Spain or Argentina. But these doubters were increasingly ignored and the view that Hitler had committed suicide in Berlin became the official view and eventually hardened into dogma. Now and again, a few people in South America claimed to have seen Hitler on their continent, but these sightings were regarded in the same light as sightings of Elvis Presley are today.

*** and ***

There have been many additional eyewitnesses who claim to have seen not just German submarines but Hitler himself alive and well in South America after the war. A long list of perhaps 30 of these is given in the appendix to Basti’s book. Let us look at two of the very best.

*** and ***

If Hitler and several thousand highly ranked Nazis secretly escaped from Berlin toward the end of WWII, it is difficult to see how they could have done so without the knowledge of the United States Government. The growing number of investigators who believe that Hitler and many of his associates did escape suspect that it was by submarine that they made their way from Northern Europe to South America. By the end of the war, the United States Government had developed the ability to track any and all enemy ships on the Atlantic Ocean. It is difficult to see how they could have failed to notice a large convoy of German submarines, especially when those submarines would have had to surface and refuel at least once along the way.  So if the German submarines made it all the way to South America without being stopped, they must have had the tacit approval of somebody with authority in Washington.

*** end quote ***

And, as usual, there is enough doubt around the “official story” that one has to suspect treachery.

Was a safe conduct give in exchange for German rocket scientists?

Yeah, inconceivable.

Really?

Could the elite wanted to keep the war going so as to line their own pockets?

Was it the policy of the Gooferment to set up the Russians as the next “convenient enemy” to keep the war machine working?

Yeah, I proudly wear my tin foil hat because “I wouldn’t believe you, if your tongue came notarized.” … attributed to Judge Marilyn Milian, but may have an earlier history.

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INSPIRATIONAL: Gallantry, courtesy, and respect

Sunday, June 22, 2014

http://www.artofmanliness.com/2014/02/10/always-treat-your-girlfriend-right-a-wwii-case-study/

*** begin quote ***

Consider this an invitation to be grateful for the close friendships in your life at this very moment.

It’s also a reminder that every dating relationship ends up one of two ways: you either break up as a couple, or you get married. There are no other options. That’s a healthy extrapolation to keep in mind while dating.

You might be tempted to gorge on your girlfriend’s goodness like a hungry man on a tin of canned pineapple, but there’s a strong chance that someday this same girl will be married to someone else. Her offspring and your offspring might even get married someday. So it will be in everybody’s best interest if you can always look each other in the eye with a clear conscience.

How can you guarantee that?

Simple.

Following the example of Sid Phillips, treat every woman you date with gallantry, courtesy, and respect.

*** end quote ***

Hope that I’ve always done that.

I think I have.

I know I do.

Sigh!

Great story!

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RANT: Yesterday’s graduation ceremony

Saturday, June 21, 2014

Yesterday, I went to a graduation ceremony.

No, not mine. Thankfully so. 

A Gooferment High Skrule graduated almost 300 children.

There were so many things I could talk about.

OBSERVATIONS

  • The Gooferment bureaucrats speaking flowery phrases.
  • The lack of the crowd to follow a few simple rules for the enjoyment of others.
  • The Gooferment fire truck that broke those rules for certain individuals.
  • The flag with the fringe.
  • Numerous speakers extolling how “special” the graduates were. (Aren’t at least half below average?  “Well, that’s the news from Lake Wobegon, where all the women are strong, all the men are good looking, and all the children are above average.”)
  • The propaganda about how much the collective had accomplished in the last four years.
  • The large number of Gooferment bureaucrats earning big bucks with similar sounding titles.
  • The complete lack of acknowledgement to the Taxpayer who are all robbed to pay for this “education”.
  • The Pledge and the National Anthem. With some silent protests.
  • The pandering to a returning vet who’s cousin was graduating. And the dias encouraging the fire truck to break their own rules on decorum.
  • The calling out the six youngsters who were going into the military. (I was filled with sadness at that!)
  • The decorated mortar boards where members of the graduating collective tried to express their individuality.
  • The young faces who are so naïve.
  • The valedictorian taking a selfie. 
  • The strange behavior of one politician when the mayor gave a speech. (He walked off the dais and faced away towards one of the bleachers. Maybe he was her security. But why that direction. Very strange.)

CONCLUSIONS

  • The complete lack of candor by the adults to the children about the “facts of life”. They are faced with a terrible economy, a staggering national debt, and a political elite that are out of touch and out of control.
  • The inability of people to control themselves. Behaviors I would expect at a football game. Attire that I wouldn’t allow at a garage sale. And, language by young women that even a sailor wouldn’t use in mixed company.
  • The inability of Gooferment to do anything right was reinforced. Names were mispronounced. Songs were amateur. And, the band was out of tune. 
  • The traffic in the area was messed up by the Gooferment scheduling two graduations of nearby high schools on the same night.

  • AND finally, my recognition that I am old and crotchety. Sadly burdened with paradigms and memes that will not allow me to “go with the flow”. Probably because I see where “going with the flow” as brought us to.

Dona Nobis Pacem

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INTERESTING: Standing up for three hours a day

Saturday, June 21, 2014

http://www.independent.co.uk/news/science/stand-up-for-three-hours-and-live-two-years-longer-says-top-uk-medical-consultant-9552467.html

*** begin quote ***

A leading UK sports consultant has said that the public should be encouraged to do more “low-level” exercise and that standing up for three hours a day can extend life span by two years.

Dr Mike Loosemore, head of the Institute of Sport Exercise and Health at University College London, said: “There is now enormous evidence that simply standing makes huge differences to your health.”

“Low-level activity, even regularly getting off your seat, can change your life forever,” said Dr Loosemore, writing for the BBC. “Active individuals reduce their risk of heart disease by 40% against their inactive counterparts.”

*** end quote ***

I think I’ll try this at work.

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GOVEROTRAGEOUS: Kops shoot innocent woman

Friday, June 20, 2014

http://www.policestateusa.com/2014/iyanna-davis/

Police burst into wrong apartment, shoot innocent woman hiding in closet
“I told them I was afraid and do not shoot me, and one officer screamed at me to put my hands above my head… That’s when I heard the shot.”
Posted on June 18, 2014 by Site Staff in News

*** begin quote ***

Resolution

The indisputable facts of the case held that Ms. Davis had nothing to do with the investigation, yet she ended up being shot while unarmed in her own home by a police officer who should never have been there. Despite this breathtaking display of negligence and incompetence, the department investigated itself and cleared its officers of any wrongdoing.

Finally, after wrangling in the legal system for over 4 years, Nassau County agreed to settle with Ms. Davis to the tune of $650,000. As part of the settlement, the police internal investigation was officially sealed. According to Charles Horn, Ms. Davis’ attorney, this was to prevent its many “inaccuracies” from coming to light, which were falsely presented to convey justification for shooting an unarmed woman.

Taxpayers footed the bill, and no police officers received any sort of reprimand or termination.

Police ineptitude and corruption are practically inevitable, but they are enabled and magnified in scope by the existence of intrusive laws and widespread militaristic enforcement techniques. An end to the cruel Drug War and the overuse of no-knock raids would prevent situations like this from ever occurring.

*** end quote ***

So why does the Taxpayer get the bill?

It would seem that the entire civil bureaucracy should be penalized — both individually and collectively.

No bonuses, no raises, and further training.

No pain; no gain.

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CHROMEBOX: Asus Chromebox $169.99

Thursday, June 19, 2014

http://www.chromestory.com/2014/06/deal-alert-asus-chromebox-169-99/

Deal Alert – Buy Asus Chromebox for $169.99 from Amazon
Dinsan Francis 19/06/2014

Amazon has great discounts on Asus Chromeboxes. The base model is now selling for $169.99, down from the original $179. This is a 5% saving around $9. The second model with 4GB RAM and i3 processor also has a great offer. It is now $379.99, down from $399.

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That’s unbelievably cheap!

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CLOUD: Microsoft updating terms of use and privacy statement

Thursday, June 19, 2014

We’re updating our terms of use and privacy statement.

 

Our users’ needs are at the center of everything we do. That’s why we are updating the Microsoft Services Agreement and providing a Privacy Statement for Windows Services. We want to take this opportunity to highlight some of the key changes and what they mean for you.

 

 

Privacy
As part of our ongoing commitment to respecting your privacy, we won’t use your documents, photos or other personal files or what you say in email, chat, video calls or voice mail to target advertising to you.

 

Transparency
We updated our Code of Conduct so you can better understand the types of behaviors that could affect your account, and added language that parents are responsible for minor children’s use of Microsoft account and services, including purchases.

Simplicity
We tailor our privacy statements for each of our products to help make it easier for you to find the information that is important to you.

 

The Microsoft Services Agreement applies to your Microsoft account and includes many of our customer services such as Outlook.com, OneDrive, and Bing, while the privacy statement explains how your personal information is collected, used and protected across your Microsoft account, Outlook.com and OneDrive.

 

The new updates to these will take effect on July 31, 2014. If you continue to use our services after July 31, 2014, you agree to the updated terms or, if you don’t agree, you can cancel your service at any time.

 

We encourage you to use the links below for further details and to view the full agreements online.

 

Thank you for using Microsoft products and services.

 

Privacy Policy

Microsoft

Microsoft respects your privacy. Review our online Privacy Statement.

Microsoft Corporation, One Microsoft Way, Redmond, WA 98052

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Sigh!

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SOFTWARE: Freeplane for mind mapping

Wednesday, June 18, 2014

https://sourceforge.net/blog/june-2014-project-of-the-month-freeplane/

The Community Choice Project of the Month (POTM) for June is Freeplane, which is an application that supports mind mapping and analyzing information contained in mind maps. Congratulations to the Freeplane project on being voted as the June 2014 Community Choice POTM.

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I love “mind mapping”.

I really don’t understand why it doesn’t become more popular.

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INTERESTING: What’s Shabbos Elevator?

Tuesday, June 17, 2014

http://www.theatlantic.com/technology/archive/2014/06/sabbath-elevator-object-lesson/372741/

Working Around God: Technology, the Pace of Life, and the Shabbos Elevator
Theology and technology in New York City’s elevators
DOMINIC PETTMANJUN 14 2014, 7:00 AM ET

*** begin quote ***

Why the hold up? I live in a historically Jewish building in New York City. On most days, its two elevators service each section of this rather monolithic structure—just enough to keep up with the flow of residents going up and down. But come Friday evening, one of the cars is switched into Shabbos mode, meaning that it stops at every single floor automatically, backing the tenants up like resentful clogs in beige-yellow arteries. It does so for religious reasons, since many observant Jews avoid pressing electric buttons on Shabbat.

*** end quote ***

Despite growing up in mixed ethnic NYC neighborhood, I never heard of such a thing.

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UNCATAGORIZED: Rat Woman?

Monday, June 16, 2014

http://www.care2.com/greenliving/ratgirl-breeds-and-releases-thousands-of-rats-in-san-francisco.html

‘RatGirl’ Breeds and Releases Rats in San Francisco
Cherise Udell
June 13, 2014
6:02 am

*** begin quote ***

City officials have identified one possible part of the city’s problem – RatGirl.

According to San Francisco authorities, RatGirl, identified otherwise only as 43-year old Erica J., has been breeding and releasing rats for years throughout San Francisco. She first came to the attention of city authorities in 2011 when Animal Care and Control discovered her closet breeding program in a Minna Street residential hotel in the South of Market neighborhood.

“It was shocking. It was disturbing on a number of levels,” recalled Animal Care & Control Captain Denise BonGiovanni. ”The rats have actually burrowed into other people’s rooms. They can carry disease. They can carry parasites.”

Shortly thereafter the city was forced to exterminate “a thousand” rats from her room and the surrounding area.

“I believe that there’s a serious underlying mental health issue that needs to be addressed,” says BonGiovanni.

*** end quote ***

Seems like it’s criminal behavior rooted in a mental illness. 

Have to get this person into treatment.

I’d be upset if she was in my neighborhood.

It’s a problem that needs a solution.

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GOVEROTRAGEOUS: They flat-out lied in their summonses

Sunday, June 15, 2014

http://www.dnainfo.com/new-york/20140611/flushing/black-man-driving-wife-work-accused-of-being-illegal-cab-driver-lawsuit

Black Man Driving Wife to Work Accused of Being Illegal Cab Driver: Lawsuit
By James Fanelli on June 11, 2014 6:58am

*** begin quote ***

“Once they pulled over my clients, [the investigators] had many opportunities to let them go — to realize they pulled over the wrong people. Instead they doubled down on their mistake. I believe that they flat-out lied in their summonses.”

A city administrative judge eventually ruled in the couple’s favor and dismissed the summonses. However, the TLC kept the Town Car until Palermo won her case on May 16, 2013.

*** end quote ***

Now what penalty is inflicted for “official misconduct”?

And keeping the Town Car?

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POLITICAL: Pension plan underfunding

Saturday, June 14, 2014

http://www.testosteronepit.com/home/2014/6/11/public-pension-plans-boom-and-bubble-forever-or-bust.html

Public Pension Plans: Boom And Bubble Forever Or Bust
WEDNESDAY, JUNE 11, 2014 AT 1:28AM

*** begin quote ***

Public pension plans of states and cities have been in a heap of trouble for years. Promises of juicy pensions after a relatively short time on the job, with many decades of life expectancy remaining, are easy for politicians to make and buy votes with, and for unions to demand to please their membership. But they’re a tad expensive to live up to. Some have been involved in bankruptcies of their municipalities, including those of Detroit. Others are headed that way.

*** and ***

The best-case scenario, which is also the base scenario, assumes return on investment is 7.7% for all plan assets combined, for all years to come.

*** and ***

Assuming the unlikely scenario of an eternal return of 7.7% annually, some of these pension funds are in worse trouble than others. A small coterie, like the Louisiana State Parochial Employees fund, is funded over 100%. But most plans are in trouble. Some of the worst sinners: Alaska Teachers with a funded ratio of 47.9%, Connecticut SERS (41.2%), Illinois Teachers (40.6%), Chicago Municipal employees (37.0%), Illinois SERS (34.2%), Chicago Police (30.9%), or Kentucky ERS (25.8%). Some of the sinners are relatively small plans, but several are large, such as the Illinois SERS, Illinois Teachers, and Connecticut SERS. If markets were allowed to swoon, these babies would be wiped out.

*** and ***

And even that miracle, combined with the other miracle, a 7.7% return for all years to come, won’t be enough: it would still leave plans $1.1 trillion underfunded. Alas, if the rate of return drops to 5%, the hole will increase to $3.0 trillion, and plans would only be 50% funded. And at a rate of return of 4.0%, unfunded liabilities would jump to $3.8 trillion, and numerous plans would simply….

Reality is too ugly to contemplate. So now the hope is that the new rules – accounting for stock market surges in the year in which they occur – will trigger big gains immediately and drive up the funded ratios. Better not even think about the possibility that the stock market might stumble from current bubble highs or that a soupçon of chaos in the bond market would slam junk bonds and trigger a wave of defaults.

What these pension plans need in order to be there in the future, the report suggests, is a booming economy year after year and endlessly inflating asset bubbles. Otherwise, forget it.

Wiping out in one fell swoop six years of carefully orchestrated propaganda, St. Louis Fed President James Bullard admitted that the Fed had dropped the ball during the prior bubble that blew up the financial system, and that it’s dropping the ball again during the current bubble. 

*** end quote ***

So what does the average schmoe do?

Plan for pension defaults. Save in commodities. 

Does anyone really believe in 7+% returns forever?

In war movies, you always hear “get small in your hole”. I think that advice is good for fiscal crisis.

Always live modestly. Save in commodities. No “bad” debt; very little “good” debt.

I’m not sure that IRA / 401k is a panacea. I’m in it big time, but the politicians and bureaucrats must be looking at that pot of wealth longingly.

Argh!

YMMV

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QUOTE: Yentil, a cousin of Yoda?

Friday, June 13, 2014

http://survivalblog.com/seventy-five-ways-to-save-money-for-prepping-by-e-s/

*** begin quote ***

“Boxed mix does not a cake from scratch make.”-Yentil (cousin of Yoda)

*** end quote ***

Who knew that Yoda had a cousin?

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RANT: Gooferment program defrauded

Thursday, June 12, 2014

2014-Jun-10

Taxpayers Face Big Tab for Unusual Doctor Billings

More than 2,300 providers earned $500,000 or more from Medicare in 2012 from a single procedure or service, according to a Wall Street Journal analysis.

A closer look at a few of the doctors who make most of their money from just a few procedures reveals that they are operating outside their areas of expertise or deviating from standard medical practice.

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What a surprise! A Gooferment program that is defrauded?

“I’m shocked, shocked to find that gambling is going on in here!” Captain Renault in Casablanca

I’m shocked that there is corruption going on!

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