lawyerliz,

I know someone buying a town-home in Florida from out of state. I'm trying to help them with insurance coverage.

Can I Mail you a few quick questions?

These contractions are killing me:

I wish I could put No Expectations on a custom license plate. It's just too long to abbreviate without confusing the reader.

poic wrote:

Can I Mail you a few quick questions?

Me, too. When there is no gravity, which way is up? If catfish got legs and starting walking, would their name be changed to fishcats? If a triangle walked into a bar, would it make a pretty ringing noise? I need to know...

Curse you Hussman!

Not like we didn't see it coming. I said in early May the bottom fell out of business here. Husband has been working partial weeks now and then and missed a week in May. A few others I know got laid off last week. People are getting ugly again.

Rob Dawg wrote:

readings for planned capital expenditures gained three points to 20

Should go well with that dive in new orders.

Sure poic, but I'm fighting with insurance company myself &: losing at the moment.

lawyerliz wrote:

Sure poic, but I'm fighting with insurance company myself &: losing at the moment.

My mom lost her home insurance once because she filed a claim over a squirrel.

From the good ol' days: FRB: Beige Book - January 12, 2011 [January 12, 2011]

Reports from the twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December.

Most District reports cited comments by both retailers and manufacturers that costs were rising, but indicated that competitive pressures had led to only modest pass-through into final prices.

The recovery is over .... and the only leg in place is the boom in housing ... set against the backdrop of a massive tsunami of old people that want out of this shit....

I had a squirrel stare me down today. I walked within four feet of him before he finally turned away and lazily hopped under the bush beneath the pecan tree with a pecan in his mouth. One chatters at my husband if he disturbs his traverse of the pool fence to get to the roof to grab pecans that get in the gutters.

Preparation H wrote:

My work here is done...adios gringos!

I am still burning and itching.

Sounds like a recipe for disaster. A depression it is!

ac wrote:

My mom lost her home insurance once because she filed a claim over a squirrel.

The squirrel kill a neighbor?

My mom lost her home insurance once because she filed a claim over a squirrel

If they cant kill you they will bk you!

Seen the insurance standard blog?

sporkfed wrote:

pressure has got to be building for QE3

If QE3 isn't ALL about the consumer, i.e., not give a F'ing penny to banks or top 1% crooks -- then the financial meltdown will be so ugly on a global basis, that ... well, I don't know -- I sort of think the model suggests total and final cannibalism and hence systemic collapse that extends as far out as any nightmare Bernanke every F'ing dreamed about, with his bullshit toying around with Great Depression concepts ... (ugly). Hence, QE3 has to be in the form of rebate checks and tax cuts, and I can see these being signed by Mittens shortly after the Obama's drive the station wagon back West.

This is akin to "predator-prey" where employment is the prey and
wage share is the predator: if the prey (employment) disappears, then the predator (wage
share) dies out; if the predator disappears then the prey grows unbounded.

Long Live Taco Tuesday (!)

Later

Doesn't Frontline also kill fleas?

Ben is in a tough spot, QE3 too soon and it will appear he favors Obama, too late
Or not at all means he is pulling for Romney. Timing and amount could change the election
and cost him his job. If I remember right, he's got a mortgage to pay.

She claimed it tore a hole in the roof.

Ooh. Good one. I'm trying that one.

I believe that's overthinking the narrative. If July's UE number is weak (BB will define weak) then they' ll have ammo to move at the August meeting. If not, then he'll probably hold off.

He might be to far underwater too qualify for HARP.

May 31, 2012 - BEA Revises GDP Growth Rate for 1Q-2012 Down to 1.88%:

The reported drag on GDP growth from contracting expenditures by governments grew somewhat at -0.78%, now nearly the same as the -0.84% reported for 4Q-2011. The largest share of the contractions continued to be Federal defense spending, although state and local governments still provided a net -.30% contribution to the headline number.

Richmond plus Dallas equals net zero frozen microwave burrito.

Richmond plus Dallas equals net zero frozen microwave burrito.

And it is getting colder too.

Why can't they have a lotto show version of QE3?

Ben Bernanke comes on and randomly picks some numbers to find out whether he's won another round of QE for us proles.

dryfly wrote:

And it is getting colder too.

One part will burn itself up, while freezing the other to death.

That's gotta be one big ass squirrel.

It looked like a squirrel from way down on the lawn. Up close it looked more like a bear.

Outsider wrote:

It looked like a squirrel from way down on the lawn. Up close it looked more like a bear.

it's their gluten diet...

Do handroids dream of losing money on trades, to smite their masters?

ResistanceIsFeudal wrote:

One part will burn itself up, while freezing the other to death.

Kind of like how the bankers will go BK by crashing the economy with austerity.

Maybe Ben knows the printing is coming ? If you knew in the long run you were
going to debase the dollar, wouldn't you load up on dollar debt ?

sporkfed wrote:

The pressure has got to be building for QE3

If QE1 and 2 didn't work--because why would we need a 3rd if 1 and 2 worked--why would 3 be any different?

Jackdawracy wrote:

Doesn't Frontline also kill fleas?

Yes.

They say the 3rd time is the harm.

Because all he has is a hammer.

Outsider wrote:

Yancey. Ben Bernanke would never lie.

Now I know you are pulling my leg.

If QE1 and 2 didn't work--because why would we need a 3rd if 1 and 2 worked--why would 3 be any different?

Define 'didn't work' ... Drove up asset prices - land, gold, stocks, oil - people got in and out. Worked fine for some.

RATM wrote:

If QE1 and 2 didn't work--because why would we need a 3rd if 1 and 2 worked--why would 3 be any different?

What?!

It's working great for the FIRE elite!

EDIT: Damnit dryfly beat me to it.

I used to collect pigs...it was destiny that I would find this place.

Sign Language: week 210 - Telegraph

ci

YouTube - Punk Economics 4: Irish Referendum Preview

Awwww...
Garden Cement Pig and Small Ceramic Pigs

I knew a guy in Iowa had a full sized concrete replica of a hog in his front yard. About the size of a smart car. Soooooooo Weeeeeee!

Blackhalo wrote:

So as a mechanism for price supports, it seems pretty effective. What he spends it on, seems to me, to be just smoke and mirrors. As a expert on the depression, Ben knows full well what happens in a price collapse of key resources.

Be careful to not conflate assets and resources.

dryfly wrote:

I knew a guy in Iowa had a full sized concrete replica of a hog in his front yard.

Are you sure it wasn't his wife? There are some large women in Iowa.

A hopelessly misconceived blue print for Europe – Telegraph Blogs

Thought this a reasonable proposition from that other site:

In light of the zombification that now exists in Japan and also America (and coming soon to every single QE and bailout-heavy Western economy) — zombie companies, poorly managed, making all the same mistakes as before, rudderless, and yet still in business thanks to government intervention — it is clear that the liquidationists grasped something that Keynesians are still missing.

The business cycle can't be repealed.

rosethorn wrote:

The business cycle can't be repealed.

If you do, you get 50,000 men's suits, all size 40, all one color. Take it or leave it. It fulfills the plan.

Seen one misguided 5 year plan, you've seen em' all.

pavel.chichikov wrote:

The business cycle can't be repealed.

If you do, you get 50,000 men's suits, all size 40, all one color. Take it or leave it. It fulfills the plan.

I thought it was 19 banks all too big to fail all dependent on the Fed.

Rob Dawg wrote:

I thought it was 19 banks all too big to fail all dependent on the Fed.

Nineteen banks? One bank is enough.

Would be much simpler to just increase the wage offered; with the information superhighway word gets around pretty quick these days.

Having 19 hijackers allows for a fail-safe mission.

A hopelessly misconceived blue print for Europe – Telegraph Blogs 

June 26th, 2012

"Ambitious plans to be put before this week's EU summit – yes indeed, yet another crisis summit – to turn the eurozone into something much closer to a fiscal union make for easy analysis.

Fiscal sovereignty as we know it would be dead, and I guess large elements of commonly understood democratic accountability too. If countries want to pump prime their economies with unfunded tax cuts or public spending, they won't be allowed to under this plan.

Just to hammer home the point, if Britain were to agree to such a regime, Labour would in effect become a banned party. It wouldn't be allowed to do much of what it stands for. The neo-Keynsianism advocated by Ed Balls, the shadow chancellor, as a way of stimulating growth would be outlawed.

Mervyn King, Governor of the Bank of England, told the House of Commons Treasury Committee on Tuesday that he didn't believe we were even half way through the crisis. I fear he might be too optimistic."

QUICKLY NOW

The cat with a bird in its jaws
Limp wing let down
Trots under the porch, observing its laws

We too, made murderous sometimes
Observe our cunning rules
The human laws of moral crime

And as the cat devours, first plucks
With pinching teeth
The plumage of the luckless

So we too at our lawful plunder
Strip off the helpless
And tear their tender lives asunder

Predator, remorseless, pitiless
Will you not desist
Achieve contrition and confess?

Are you not a beast ensprited, ensouled?
Quickly now repent
And make amends before the corpse turns cold

Some lift up their heads and hear
While others, puzzled
Crouch down with feral, flattened ears

Pavel
June 26, 2012

pavel.chichikov wrote:

QUICKLY NOW

You cannot shame a cat because a cat will not deny its nature.

Rob Dawg wrote:

You cannot shame a cat because a cat will not deny its nature.

What need has a cat for shame?

YouTube - Eric Clapton - Somewhere Over The Rainbow HD

Stamina?

Some they build for speed - others built for comfort.

RATM wrote:

If QE1 and 2 didn't work--because why would we need a 3rd if 1 and 2 worked--why would 3 be any different?

I find that an interesting statement that I hear quite often, What basis do you have for it?

There clearly is a decent correlation between the stock market and QE.

Dr. Ed's Blog: Stocks & QE 

You can then check out the various correlations between consumer confidence and the stock market as well as jobs.

Consumer Confidence, The World’s Most Useless Economic Statistic | The Big Picture

Given the fact that consumer confidence seems strongly influenced by the stock market and confidence influences jobs and hiring decisions, it seems to me that it worked.

RATM wrote:

srsly?

Usually never is. Hasn't this been going on forever? The party out of power proposes cancelling the upcoming break because of whatever fake emergency is at hand, everyone makes a bunch of silly speeches about how important congress is, and then it gets voted down according to plan.

All this to hide the fact that if the Fed budget was just indexed to inflation and/or GDP, we'd be far better served and get screwed by them less, if they just did the job part time once every two years. Hell 99% of what they do is just some form of fund raising anyway.

Antipodes wrote:

But, we do have possum

So do we in North America. We've seen them in our neighborhood, though not recently. Marsupials in both places, separated by oceans and half the Earth. Isn't it fascinating?

RE,

If they worked, why do we need another one?

pavel.chichikov wrote:

So do we in North America.

No, you don't. We have Australian possum. You have opossum in North America.

"A small band of humans is fighting what it warns is the rise of the machines in financial markets.

It's been happening in every other industry, why not financial? Earth to traders: you're not special.

probably some freakish marsupial variant, right?

violiminis

"A small band of humans is fighting what it warns is the rise of the machines in financial markets.

"Terminalator: Rise Of The Machines"

"Given the fact that consumer confidence seems strongly influenced by the stock market and confidence influences jobs and hiring decisions, it seems to me that it worked. "

Wheww!! All we need to do is keep the stock market up then, regardless of underlying fundamentals and we'll be safe.

greenchutes wrote:

why wouldn't the krauts want a eurofed to import this kind of prosperity?

Iceland/Sweden or Japan? Downside might be that if they let UBS go bust, JP Morgan is probably not far behind.

"Do you stop taking prescribed antibiotics just because you feel better a few days? "

Do you take it constantly for 4 years?

I'd hardly describe QE as anti-buyotics.

the sad thing is that germany's failed experiment with the turks (ozil aside) condemns them to some of the same issues.

but not all of them. unlike the japanese, the germans at least recognize the barest outlines of their own history and mistakes.

Here at Easy Street, I've been interested in the idea - the fear, really - that 2012 will be a replay of the Worst Year in Recent Financial Memory: 2008.

What Can We Learn from 147 Bank Crises? | Marketplace.org

Jun 26, 2012

"Here's what's haunting us: The country's biggest bank, JP Morgan, made an enormous bet earlier this year that the world economy would fall into crisis. (They've since reduced that bet, but there's no word on whether they've reduced their confidence.) The European financial crisis is intensifying every day, with five countries in bailout mode. We know that U.S. banks worked to become stronger and hoard money, but they've still come up short: Economist Robert Engle estimates our banks need $500 billion more on hand to survive a deep financial crisis.

The International Monetary Fund may be able to help. No, they didn't pull out their crystal ball. But two of its researchers, Luc Laeven and Fabian Valencia, released a new paper today that analyzed all the major financial crises since1970. Here's a sobering tally: there have been 147 bank crises, 218 currency crises and 66 country-financing crises since then.

So much for learning our lessons. But let's press on. Here's a handy guide to the IMF's wisdom.

"Banking crises tend to start in the second half of the year, with large September and December effects."

"Crises occur in waves...one in three banking crises were preceded by a credit boom."

Crises come in pairs: "Banking crises frequently occur together with currency or sovereign debt crises."

"In a financial crisis, the bigger the economy, the harder it falls."

"Bailouts may extend the time it takes to fix the economy after a crisis."

"The costliest financial crises have been outside the U.S."

That sums up the most surprising and interesting findings from the IMF. Something tells us this information will come in very handy, very soon."

Deflationary headwinds are still strong. You are not that naive, are you?
Do you stop taking prescribed antibiotics just because you feel better a few days?

We would have been better off with real helicopter drops instead of fed money to banks who won't lend or fiscal spending to special interests with the best lobbyists.

RE wrote:

consumer confidence seems strongly influenced by the stock market

Which one is the chicken and which the egg? Or perhaps they are both merely echos of some other underlying fundamental?

Looking for the redhat.

IRS Says Offshore Tax Disclosures Have Yielded $5 Billion - Bloomberg

Non-resident taxpayers disclosing their information to the IRS will be required to file three years of past tax returns and other paperwork showing their account holdings for six years.

The U.S., unlike most other countries, requires its citizens to pay U.S. taxes on the income they earn around the world. They can receive tax credits for payments to other governments.

The IRS news release said some taxpayers have recently become aware of their obligations. That can happen to people who didn’t realize that they became U.S. citizens because they were born in the country.

Possum roadkill is probably the most common in NZ, from my experiences.

poic wrote:

Wheww!! All we need to do is keep the stock market up then, regardless of underlying fundamentals and we'll be safe.

Well, confidence is pretty important and crashing asset values lead to a downward spiral in confidence and with it prices and hiring. Remember commodity prices in the 1930s and why they were stabilized?

So on what basis do you say QE failed?

I think they are cute but everyone says they are ugly. They can be ferocious if cornered and they have big teeth.

pavel.chichikov wrote:

What need has a cat bankster for shame?

and in the resolution, insight.

Comrade Kristina wrote:

I think they are cute but everyone says they are ugly.

It's the drooling and the gaping, toothy maw.

Picture hides their ugly naked tails

barfly, did you change names?

The analogy is as long as needed and beneficial.

Infinite Fed Balance Sheet FTW!

Outsider wrote:

North Dakota will seem like the tropics compared to Alberta, tho

At least Alberta gets the odd Chinook now and then. NoDak gets nothing and likes it.

dryfly wrote:

We would have been better off with real helicopter drops instead of fed money to banks who won't lend or fiscal spending to special interests with the best lobbyists.

Fine, but it is hard to argue that it didn't have a positive effect. Obviously the Fed cannot send out checks. Needs presently unavailable fiscal help to do so.

"The analogy is as long as needed and beneficial. "

If someone had to take antibiotics regularly for 4 years the doctors would be looking for an underlying issue causing this need.

"It's the drooling and the gaping, toothy maw. "

You've seen a picture of HomeGnome?

Is Alberta that much warmer than Siberia?

RE wrote:

Obviously the Fed cannot send out checks.

FedGov's done it a couple of times, limited benefit. Mostly just a different sector using to deleverage. Bring Cap Ex forward somehow then follow it up by hindering the cost of capital and reducing the cost of labor.

Fat chance it ever happens, though.

Sounds good. Get 'em smashed & keep 'em smashed. NPR sez congress got along better when they used to quaff together. Why did they stop?

Fat chance it ever happens, though.

You reminded me. I got a nice check when Bush was president. What was it - $1800? $1400? I can't remember now.

Will Romney send out checks? Obama never sent me a check.

Those were the good ol' days - stimulus checks straight to the populous.

"Not the ones getting regular visits from the pharma rep... "

Even they would. Trust me.

dryfly wrote:

that Telegraph linkie Pavel posted on 'The Blueprint' w

Which one?

RATM wrote:

Point to deflation on this chart: Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) - FRED - St. Louis Fed

Meaningless chart.

The fact that we have as little inflation we have with all this intervention should tell you all you need to know.

Check out annual inflation

US Daily Index » The Billion Prices Project @ MIT 

Did you predict high inflation in 2009 and 2010?

Seems so.

Comment by RATM from thread 'NAHB Builder Confidence Increases Slightly, Still Very Depressed'

poic wrote:

Even they would. Trust me.

Not a lot of "cures" lately from the non-analogous direction. Lots of "treatments" though from both. Also, if your "gettin some" from the pharmacy rep, I have doubts that you are too concerned about getting a patient off meds.

Fine, but it is hard to argue that it didn't have a positive effect. Obviously the Fed cannot send out checks. Needs presently unavailable fiscal help to do so.

It did its job early on - provide liquidity. Lots of it. buy time. It can't make insolvent banks solvent. It can't make insolvent consumers solvent. It can't clear cascading defaults or float markets.

The FDIC didn't or wasn't allowed to do its job. The TBTF should have been processed through the Swedish model. The federal gov't should have provided the fiscal support - assuming there was political support for it. Was there?

None of that was done and further QE beyond liquidity was the wrong Rx for an ailment it can't cure.

Now should we do more? God I hope not. It's the wrong drug.

It's becoming a hot trend. I tried to tell HG bee supplies might be a good biz to go into. He pooh poohed that idea, and now look. He's never here.

"Not a lot of "cures" lately from the non-analogous direction. Lots of "treatments" though from both. "

At some point even the pro pharma docs would start looking into why you need to take antiobiotics constantly. It's just good doctoring.

Colony collapse disorder - Wikipedia, the free encyclopedia

"From 1972 to 2006, there was a dramatic reduction in the number of feral honey bees in the U.S. (now almost nonexistent)[26]"

Citizen's Untied has the potential to bleed the rich but not super rich in the manner the middle classes have been eviscerated. Moving up the food chain percentile by percentile.

A great little walk if you visit SF

Walk a loop beyond Coit Tower: Filbert Steps, Part 2 - San Francisco Family Recreation | Examiner.com

"Not all doctors, are good. "

That I know. I've dealt with them a ton over my life. I'd still be surprised if they didn't look into whats requiring constant antibiotics.

dryfly wrote:

None of that was done and further QE beyond liquidity was the wrong Rx for an ailment it can't cure.

Now should we do more? God I hope not. It's the wrong drug.

We can go round and round what congress should have done. Makes no difference.

Without fiscal help all there is is the Fed and the Fed has a dual mandate to do what it can. And it should even if it is to limited effect. If it's out of bullets then tough luck but up till now IMO it hasn't been.

This one...

Comment by pavel.chichikov from thread 'Misc: Richmond Fed Survey shows contraction, Consumer confidence declines'

Gotta go.

Blackhalo wrote:

Not all doctors, are good.

How many people in all fields do you know who truly excel at what they do? One in twenty? Now apply that proportion to doctors. Do you really want one of the other nineteen doctors?

"Without fiscal help all there is is the Fed and the Fed has a dual mandate to do what it can. And it should even if it is to limited effect. If it's our of bullets then tough luck but up till now IMO it hasn't been. "

The longer you don't deal with the underlying issues the bigger it crashes when it finally crashes. The Federal Reserve has a fair share of blame to shoulder for not dealing with the underlying issues. Not all by any means, but absolutely a fair share.

The solution to every crisis. Latin Banking Crisis, LTCM, 1987 crash, dot-com period, housing bubble, present crash has always been liquidity, liquidity, liquidity. Covering up, covering up, covering up.

Everyone including the Federal Reserve was part of the 30 years of solutions.

Feckless Ness wrote:

Do you really want one of the other nineteen doctors?

I am lot less concerned about getting one of the 18 others, than I am in getting the one, at that other end of that bell curve.

poic wrote:

My wife and I were walking past Coit Tower in SF. There's a little garden area there that is shared by all the neighbors.

Down the east side of Telegraph Hill? I love that walk.

Jackdawracy wrote:

"ICE COLD BEE?"
(with a bunch of bees fluttering about)

The sign was still there 3 years ago.

Capitulate in '08, start anew after much pain and suffering of what is widely known as the 2nd Great Depression.

Discovery would have been interesting after it all fell apart, eh?

Isn't it queer that just about the only time the word 'citizen' is uttered nowadaze, is in regards to the corp'se?

Jackdawracy wrote:

the only time the word 'citizen is uttered nowadaze, is in regards to the corp'se?

Regular citizens became comsumers.

The fiscal cliff isn't limited to the US. Cool.
Japan tax hike to juice spending until '14: report - MarketWatch

"Darn right. What are your options?"

It would be a shame if we had to make public the redacted records of what specific help your bank required during the financial crisis.

Now about your efforts to push back against banking regulation Mr. Dimon.

josap wrote:

Regular organic citizens became consumers.

We gave currency to their actions instead of indicting them for recklessly gambling, should we be surprised that the faustian bargaining session caused us to lose something much more valuable than money?

Feckless Ness wrote:

There are similar issues with city management, city finance, public works, etc. if all the senior people leave

I've seen the same thing with the teachers and city workers I know. Some have taken early retirement thinking if they are already receiving benefits the cuts won't effect them.

My friend in the OC tells me that it wouldn't matter if you're 'locked' in on your public employee pension. They have every intention of going after pensions that got rolling 10 years ago, whacking them down to size. How would you like them apples?

Nobody has mentioned Stockton, which npr sez is shortly going bk.

Jackdawracy wrote:

They have every intention of going after pensions that got rolling 10 years ago,

Cutting all current and future pensions of those 45 to 75 isn't going to go over well at all. Not at all.

Stockton seems a lot scarier than Oakland to me, to give you an idea of what it's like.

Although it is Galt-adjacent.

Eurozone crisis: Spain’s short-term debt costs nearly triple | Investing | Financial Post

Jun 26, 2012

MADRID — "Spain’s short-term borrowing costs nearly tripled at auction on Tuesday, underlining the country’s precarious finances as it struggles against recession and juggles with a debt crisis among its newly downgraded banks.

The yield paid on a 3-month bill was 2.362%, up from just 0.846% a month ago. For six-month paper, it leapt to 3.237% from 1.737% in May."

Jackdawracy wrote:

They have every intention of going after pensions that got rolling 10 years ago, whacking them down to size.

"They" meaning CalPERS? Or the cities/counties themselves? I'm not necessarily disagreeing, but once an employee is retired, they are off their employer's books. I've not heard anything about CalPERS positioning itself to modify benefits post-retirement except for those of high-profile crooks like Robert Rizzo and Angela Spaccia, formerly of the City of Bell.

There was a post concerning the Feds having to honor contracts for work done
even thogh the government claimed the funding had run out. The courts decided
that the money had to be paid . A cut in pensions would lead to one hell of a lawsuit.

lawyerliz wrote:

Nobody has mentioned Stockton

I did the other day. I posted excerpts from Stockton's job bulletin for a new budget officer. It said in the bulletin that City Council had already authorized the City Manager to file for BK.

The Feds can print money willy nilly, the states not so much.

I think the word is getting around

"stockton bankruptcy"

About 25,800 results

lawyerliz wrote:

Hell would be frozen over before I'd pay that bill.

For a period of time, I worked medical collections. Once I called up a mother to collect on a bill for medical services in which her son had died, and she had released his organs for transplant, and was operating under the assumption that the services would be covered in exchange for the release.

I did not last long at that gig.

Jackdawracy wrote:

Think of it in a different vein, you kill the incentive of public employees to leave, keeping what Feckless Ness was talking about intact, but at what cost to morale?

The pension fund itself would have to go BK to reduce benefits post-retirement, and that's certainly not happening at CalPERS in the foreseeable future. I'm not sure your friend was correct.

Rob Dawg wrote:

Stanton will go first.

Will we get an official day for city BKs? Does Surferdude or someone have a list?

Rickkk wrote:

"I had to pay to have the vehicle towed. I had to pay for the vehicle removed and to clean up the street from Justin's blood," Robinson said. According to WYFF, Robinson also paid to have the wrecked car stored for months in case there was a trial."

I would bet there's a lot more to the story.

sportsfan wrote:

Raising taxes on those 45 to 75 to pay other folks' pensions

True, very true. No one is going to be happy shortly.

josap wrote:

sportsfan wrote:

Raising taxes on those 45 to 75 to pay other folks' pensions

True, very true. No one is going to be happy shortly.

All they need to do is cancel any inflation escalators on the pensions, and call in the

sm_landlord wrote:

Will we get an official day for city BKs? Does Surferdude or someone have a list?

List of California Cities by County

Seriously, the big news will be when Oxnard gets a Fed takeover. I don't see how it is avoidable at this point. The mayor is on the record as lying to the DA and Feds. The DA, his friend, declined to prosecute.

Stockton being taken over by Fresno would be a good fit, if we're doing city BK's.

Blackhalo wrote:

Would only those who can afford it, get justice? What kind of medical care do you get in that world?

In civil matters if you can not afford an attorney to defend, you lose.
In criminal matters if you can not afford an attorney, you go to jail.
In health care if you can not afford to pay out of pocket, you don't get care.

Today.

Blackhalo wrote:

Imagine a world where all government services are run, for-profit.

The Republicans' wet dream.

Updated 08:30 AM Jun 27, 2012

BERLIN - German Chancellor Angela Merkel sought to bury once and for all the idea of common euro zone bonds yesterday (this morning, Singapore time), saying Europe would not share total debt liability "as long as I live", as the bloc's big four finance ministers met to narrow differences on how to solve a worsening debt crisis.

http://www.todayonline.com/Business/EDC120627-0000078/Merkel-buries-euro-bonds

Rickkk wrote:

In this neck of the woods, expectations of remuneration for organ donations don't exist.

The recipients of those organs (or their insurance) likely play a princely sum for those organs. Someone is getting remuneration.

Well said Josap. If sad.

Actually, possibly the best weather and beaches in all of the lower 48. Not to steal 's material, or anything...

greenchutes wrote:

I really don't see the downside.

Tagged for future reference.

greenchutes wrote:

The departure of the boomers from the workforce will be uplifting in every sense to the public sector.

Without the means to retire? With pension cuts?
Do they all just sign up for SNAP and welfare?
Maybe they can all leave their homes and be placed in cheap care homes?

They aren't all glued to the bong and xbox, juvie.

It's funny, the angeleno dept seems to pick motorbike cops based on age and girth. Forty years ago, D Gates would take one look around and wonder why everyone gained twenty years and forty pounds.

greenchutes wrote:

Actually, possibly the best weather and beaches in all of the lower 48.

Damn close to it. Shhhh....

sportsfan wrote:

I don't think every public sector employee in the State is covered by CalPERS.

True. Some cities and counties have their own systems. The majority of public employees in CA are in PERS.

Why shouldn't the coppers look like the population @ large?