MONEY: Pension in your future — maybe, maybe not!

Friday, July 24, 2015

http://www.thedailysheeple.com/day-of-reckoning-for-american-pensions-is-fast-approaching_072015

Day of Reckoning for American Pensions Is Fast Approaching
Joshua Krause
The Daily Sheeple
July 18th, 2015

*** begin quote ***

For decades, local and state governments in the United States have made promises to their employees that they cannot keep. They guaranteed a certain level of income to retirees at a time when America was its most prosperous, and when most people didn’t live as long as they do now. Those lucrative pensions they promised are starting to catch up to them in a big way.

Earlier this week, Moody’s cut Chicago’s credit rating to “junk,” largely due to their $20 billion pension shortfall, and they put the City of Houston on notice. Many of the major pension funds use the stock market to bolster their savings, but despite record profits on Wall Street, it doesn’t seem like any of them reached their revenue goals. California’s Public Employees Retirement System only reached a third of the annual revenue they projected, and the state’s teacher fund failed to reach their goal. Overall, Moody’s found that the 25 largest public pension funds in the US have a $2 trillion budget shortfall.

*** end quote ***

So what will happen?

I’d look at Greece and, closer to home, the Delta Pilot’s pensions.

The Federal “Pension Benefit Guaranty Corporation” does not insure plans offered by federal, state, or local governments.

So, I’d expect a severe “haircut”. Pensions, if we use the PBGC limits, would be reduced to about 57K per year.

I can imagine the riots when it happens, but happen it will. 

If I was planning on a pension for my golden years, then I meet with a fee-based register financial adviser to revise your plans. 

Argh!

Hard times ahead.

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RANT: Video record all suspect interrogations

Thursday, July 23, 2015

https://www.washingtonpost.com/news/volokh-conspiracy/wp/2015/07/17/judge-kozinski-on-reforms-that-can-help-prevent-prosecutorial-misconduct/

The Volokh Conspiracy
Judge Kozinski on reforms that can help prevent prosecutorial misconduct
By Eugene Volokh July 17

*** begin quote ***

4. Video record all suspect interrogations. The surprising frequency of false confessions should make us deeply skeptical of any interrogation we cannot view from beginning to end. Suspects are frequently isolated and pressured in obvious and subtle ways, and when the process ends we often have very different accounts of what happened inside the interrogation room. In those circumstances, whom are we to believe? Most of the time, the judge and juries believe the police.

There may have been a time when we had to rely on such second-hand reports, but technology has now made this unnecessary: Video recording equipment is dirt cheap, and storage space for the resulting files is endless. No court should ever admit a confession unless the prosecution presents a video of the entire interrogation process from beginning to end. [Footnote: This practice has been adopted in England, Ireland and Australia, where the general rule is that all interrogations — and not just confessions — must be recorded on audio or video. However, Australia is the only country that explicitly provides that the consequence for failing to record is inadmissibility of the contents of the interrogation. In addition, a number of states, including Alaska, Arkansas, Minnesota, Montana and New Jersey, require all interrogations to be recorded and consider compliance with that requirement a factor in determining whether a statement made in an interrogation is admissible.]

It appears that change is underway. Just last year, the Justice Department reversed its century-old prohibition against recording interrogations and adopted a policy “establish[ing] a presumption that the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), and the United States Marshals Service (USMS) will electronically record statements made by individuals in their custody.”

[Footnote moved: In fact, why don’t police officers wear body cameras at all times? It would protect the suspect and the police officer. See Steve Tuttle, Cambridge University Study Shows On-Officer Video Reduces Use-of-Force Incidents by 59 percent, TASER Int’l (Apr. 8, 2013) (the use of “officer worn cameras reduced the rate of use-of-force incidents by 59 percent” and “utilization of cameras led to an 87.5 percent reduction in complaints” by citizens against police officers); see also U.S. Dep’t of Justice, Implementing a Body-Worn Camera Program: Recommendations and Lessons Learned (2014).]

*** end quote ***

If I ever get on a jury — which is so very unlikely when they ask you what bumper stickers you have on your car —then I would n’t believe anything a Gooferment employee says. 

Show me the victim and the video tape, then I’ll convict.

Otherwise, you have an uphill trek to convince me.

Whatever happened to the ethos that better a 100 guilty men go free than one innocent man got to jail?

Argh!

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POLITICAL: “extrajudicial comments about a matter pending before the court”

Wednesday, July 22, 2015

http://www.wnd.com/2015/07/letter-kagan-ginsburg-acted-unethically-and-unlawfully/

WND EXCLUSIVE
LETTER: KAGAN, GINSBURG ACTED ‘UNETHICALLY AND UNLAWFULLY’
Constitutional experts call for review of Supremes’ marriage ruling
Published: 2 hours ago

*** begin quote ***
 
The motion said the “extrajudicial comments about a matter pending before the court violate Canon 3A(6) of the Code of Conduct for United States judges: ‘A judge should not make public comment on the merits of a matter pending or impending in any court.’”
 
The controversy resurfaced later, because even after being told of the appearance of a conflict of interest, Ginsburg again officiated at a same-sex wedding, as the New York Times reported.
 
The paper said that with “a sly look and special emphasis on the word ‘Constitution,’ Justice Ginsburg said that she was pronouncing the two men married by the powers vested in her by the Constitution of the United States.”
 
*** end quote ***
 
Have to admit that when SCOTUS decided to hear this matter that I thought three of the Justices were biased based on their previous statements and action — Stevens, Kagan, and Ginsburg.
 
Unfortunately, nothing seems to matter but the “Secular Progressive” agenda.
 
Everything gets swept away or ignored before it.
 
Anyone who expects “justice” in a Gooferment “court” will be sadly disappointed. 
 
I gave up on the Court after the Kelo decision.
 
Argh!
 
Hence my belief that “secession” is the only way to get back to a “libertarian” somewhat Constitutional Gooferment.
 
No man or group of men—including any group of men calling themselves “the government”—is morally entitled to initiate (that is, to start) the use of physical force, the threat of force, or any substitute for force (such as fraud) against any other man or group of men. “The Market for Liberty” Linda & Morris Tannehill (1970)
 
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RANT: Linking artificial sweeteners to bad results

Tuesday, July 21, 2015

https://www.lewrockwell.com/2015/07/no_author/is-diet-soda-bad-for-you/

Is Drinking Diet Soda Really Bad for Your Health?
The answer may surprise you
By Barbara Minton
Natural Society
July 18, 2015

*** begin quote ***

So why does this happen? To put it simply: artificial sweeteners. Zero-calorie sweeteners make drinks up to 600 times more sweet than regular sugar, setting the bar for satiation at a much higher level. Another consideration is that fake sugars can change the friendly bacteria living in the gut in ways that would increase susceptibility to the insulin resistance and glucose intolerance that precedes a diagnosis of Type 2 diabetes.

Women drinking two or more diet sodas a day experienced a 30% decline in their kidney function over the course of only a decade, says another study. Those researchers found that artificial sweeteners such as aspartame and sucralose were to blame for the rapid degeneration of kidney filtration rates.

*** and ***

Renown Dr. Morando Soffritti recently confirmed what other scientists had observed as much as 30 years ago, documenting that consuming aspartame leads to a host of illness and disease that includes malignant tumors, lymphoma, leukemia, and premature death.

*** end quote ***

If I’d know this 30 years ago when it was a proven risk, then maybe I could have gotten my wife to stop drinking it.

Leukemia, cardiovascular disease, diabetes, and other side effects!

Someone should be hung.

Anyone care to tell me that the FDA is there to protect us?

Argh!

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TINFOILHAT: Russian report on MH17

Monday, July 20, 2015

https://www.lewrockwell.com/2015/07/russia-today/did-an-israeli-python-missile-destroy-mh-17/

Israeli-Made Air-to-Air Missile May have Downed MH17
 By Russia Today RT.com
July 17, 2015

*** begin quote ***

A report on Malaysian Airlines MH17 air disaster in Ukraine last year by a group of old-hand aviation security experts maintains that the Boeing might have been downed by an Israeli Python air-to-air missile.

The report was leaked via the private LiveJournal account of Albert Naryshkin (aka albert_lex) late on Tuesday and has already been widely discussed by social media communities in Russia.

The authors of the investigative report have calculated the possible detonation initiation point of the missile that hit the passenger aircraft and approximate number and weight of strike elements, which in turn designated the type and presumed manufacturer of the weapon.

*** end quote ***

Interesting read. 

The source is suspect.

Any more than if the US Gooferment produced a report.

Everyone has a vested interest.

I’d just like “the truth”.

There has to be a special circle of hell for those who shoot down civilian aircraft. A rare but too common occurrence.

Argh!

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RANT: Today I saw up close and personal the results of America’s “drug policy”

Sunday, July 19, 2015

2015-Jul-19

Today, a Mom, could have been any troubled young person’s Mom, unplug her child from life support.

The result of a drug overdose.

It wasn’t the first time, or the first warning signal, or the only time, but this was the last time.

When will “We, The Sheeple” wise up?

Just like during (alcohol) “Prohibition”, people were blinded, sickened, and killed by “moonshine”.

Making a prohibited substance “legal” MEANS clean known quantity of drugs.

It ALSO makes them so “less cool”.

Portugal demonstrates the way from criminalizing a basic human failing and turning it into a “medical” issue.

Unfortunately, the Drug Dealers, the “police”, and the politicians are all incentivized to keep the “(pseudo) War on (some) Drugs” going regardless of the collateral damage — killing the youth, maiming those that survive, and scaring some with criminal records that they can never “outgrow” — allowing a flourishing “drug culture”, made “kool” by music, celebrities, and pop culture — and destroying our civil liberties in the process.

Now that I have time on my hands, I will never accept Drug Prohibition as a rational policy.

I hope that anyone who reads this NEVER votes for any politician who doesn’t promise on Day One of his term to eliminate the “(pseudo) War on (some) Drugs”! Maybe one politician can’t do it, but they could have the courage of Doctor Ron Paul, aka Doctor No, who never voted other than his conscience.

And, I mean this at every level of the Gooferment. I don’t care if you’re running for dog catcher; you have to tell me how you are going to end this national / global insanity.

I’ve always felt this way since the 60’s, but now in my old age, I see its futility and stupidity.

Requiescat In Pacem, young Anthony. 

And I hope your Mom finds peace.

Dona Nobis Pacem

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RANT: Lauren Hill snubbed

Sunday, July 19, 2015

http://www.breitbart.com/sports/2015/07/16/outrage-over-espn-giving-bruce-jenner-courage-award-over-lauren-hill/

OUTRAGE OVER ESPN GIVING BRUCE JENNER ‘COURAGE’ AWARD OVER LAUREN HILL
by WILLIAM BIGELOW
16 Jul 2015 

*** begin quote ***

The Internet sears with outrage over ESPN’s bestowal of the Arthur Ashe Courage Award on the Athlete Formerly Known as Bruce Jenner rather than giving it to Lauren Hill, the utterly courageous 19-year-old woman who battled inoperable brain cancer while playing basketball for Mount St. Joseph’s.

Before she died in April, Hill had achieved a dream of her own, scoring the first and last basket when Mount St. Joseph’s defeated Hiram College 66-55 on November 2014. The courageous young woman, knowing she wouldn’t survive, decided to use her notoriety to raise money for cancer research; by last November, she had raised $1 million for DIPC Cancer Research.

*** and ***

The Los Angeles Times reported that a possible reason for the honoring of Jenner derived from a deal between ABC and Jenner. ABC televised the ESPYs and Jenner had granted an exclusive interview to ABC’s Diane Sawyer in April regarding the gender transition Jenner was undergoing. The interview grabbed huge ratings.

*** end quote ***

This is a disgrace, and why TV is dying.

I mean no ill will to anyone.

“Bruce” Jenner is working through his issues. And, I really feel sorry for his troubles.

That being said, ESPN / ABC / DISNEY has disgraced themselves. I used to think a lot of Disney and ESPN. ABC not at all. 

This demonstrates that this entity is all about “political correctness” and money.

So, I’ve put ESPN on my personal “ESAD” (“eat <synonym for excrement> and die”) list.

True; they probably won’t notice, but I will. 

I used to like to watch “sports” and PTI was particularly “fun”. Not any more.

Maybe if everyone turns the ESPN / ABC / DISNEY products off, then they will get the message.

Argh!

(I used to like the view before Rosie became the wicked witch of the west. And there was some balance on the politics. Just how out of touch it’s become is evidence by Whoopie being taken to the management woodshed to stop defending Cosby. It’s all about PC and $.)

Sadly, I’ve realize that it IS the “vast wasteland”.

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OUTRAGE OVER ESPN GIVING BRUCE JENNER ‘COURAGE’ AWARD OVER LAUREN HILL


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