Post by domeasingold on Feb 26, 2011 16:24:36 GMT -5
Iran's president said Wednesday he is certain the wave of unrest in the Middle East will spread to Europe and North America, bringing an end to governments he accused of oppressing and humiliating people.
He must be tired of looking over his shoulder. Of course you could never accuse this man of oppression. Especially when you are certain that the Holocaust and 9/11 were hoaxes.
The sad part is neither his dad nor he would have done as well working in this country, they both have made their living for many a year in other countries, I find that rather ironic when people say Americans can't compete.
Foreign countries love skilled American workers. They want our knowledge, expertise, research details. They know the value of American workers and will pay them what they are worth. American companies have become increasingly reluctant to do so-
American English, just for you... Instead of actually fixing anything wrong with the economy, the Federal Reserve has printed new money and extended it to banks at nearly 0%. Banks didn't lend any of it to us, they abandoned the housing market and killed homes as assets. They got the Gramm Leach Bliley Act passed in 1999, giving them financial omnipotence (power), collusion and a computerized market place that is easily steered however they please. Using fresh dollars every week, bankers pump up stocks then lend derivative money (phony baloney) on the appreciated stock prices and do the whole thing again. Decoy thinks weren't out there $120 "Quadrillion". Before they started doing this, the collective money in the world was about $60 Trillion (so they've printed up 200 times that amount). Eventually, they run out of ink and try to cash in on all that crime. Hopefully by then, we'll have urban farms, mass transit and new ways to employ the common person. A sub-economy (a lower level transaction currency replacing currency where the Dollar once was) will take form and collapse the whole game.
Crop failures will lead to astounding price increases at the grocery stores, gasoline is on the rise...more Americans will wake up as they watch their standard of living crumble.
"The central part of Walker's argument is that government workers have long escaped painful cuts that those in the private sector have had to bear. That ignores the fact that under Walker's predecessor, Democratic Gov. Jim Doyle, state workers were forced to take furlough days that amounted to a 3 percent pay cut. State employees have also not had a raise for more than two years.
Even so, Walker has portrayed public employees as the "haves" and private workers as the "have nots," saying government workers can afford trims to their salaries and benefits because on average they earn more than private-sector workers.
This is true as a straight average, but several national reports of public versus private pay say it's also misleading.
In a report released in December 2010, the federal Bureau of Labor Statistics found that the average state/local government worker earns $40.10 an hour in salary and benefits. The same report found the average private worker earns $27.68 an hour in salary and benefits. But the report was quick to note that this is not a direct comparison. Government workers tend to be better-educated than their private-sector counterparts, and government jobs are more likely to be professional or managerial as opposed to the many more manufacturing and sales jobs in the private work force.
In fact, studies that compare salaries and benefits for similar jobs between the public and private sectors show that government workers lag.
An April 2010 report by the Center for State & Local Government Excellence — a nonpartisan, Washington-based group with Republicans and Democrats on its board of directors — found that in 2008, state workers nationwide earned 11 percent less and local workers earned 12 percent less than private workers with comparable education levels.
The same study found that in Wisconsin between 2000 and 2008, total compensation for state and local workers was less than comparable private sector workers.
Jeff McArthur, a sergeant at Black River Correctional Center, estimated under Walker's plan he would lose about $400 a month from his $45,000-a-year salary. The 41-year-old father of three said his family would definitely feel the difference.
"The first things that are going to go are luxury things," McArthur said. "We'll cut back on our cable. We'll cut back on our cell phones. We won't take family trips, stuff like that. We are not rich. We just want to have a good middle class life. We're not looking to be rich. We're just looking to get by."
Family vacations may well be old style..head back to the mountains and lakes by car...instead of plane to Mexico. You pay for TV...isn't that what programs have sponsors for?
Minnesota is ( outside of the Twin Cities) an agricultural state. Corn and soybean crops set a record here last year and while the rest of the country had lower production, it gave farmers here a good price per bushel.This spring/summer does not look as good as we've had severe cold with almost record snowfalls; the DNR is warning that *all* rivers here are expected to flood when spring arrives with the melt. Weather forecasters have predicted a shorter, wetter, cooler growing season for us. Not the kind that brings in the best yield.
DES MOINES, Iowa – A surprising drop in the U.S. corn and soybean crop sent grain prices surging to their highest levels in 2 1/2 years Wednesday. The price increases stoked concerns about higher food prices and tighter supplies of feedstock for food and biofuels.
Wet weather and abnormally high temperatures contributed to lower U.S. corn production in 2010, according to a report from the U.S. Agriculture Department. The report also showed declines in soybean, wheat and grain sorghum production.
March corn futures jumped 4 percent to settle at $6.31 a bushel. Soybean prices jumped 4.3 percent to $14.15 a bushel.
The report confirmed traders' fears that historically low stockpiles of grain and oilseeds could leave little buffer in coming months as demand rises with a growing global economy. Prices reached their highest points since the financial crisis of 2008 caused a collapse in global demand for food and fuel.
Animal feed prices spiked up last week along with gas prices. A friend of mine runs a diary goat farm. She said some feed went up 30% last week for 50 pound bags. Expect meat/diary prices to start rising as well.
Families may not be taking *any* vacations with gasoline and food prices rising. Or buying much beyond necessities. That's a subject we talked about on the old board; when an economy is based , 70%, on consumption ( particularly consumption of imported goods) and suddenly those consumers have job/wage loss, it doesn't look for such a rosy economy anytime soon.
edited for spelling-
Last Edit: Feb 28, 2011 0:59:15 GMT -5 by comokate - Back to Top
The original post talks about fear of a "catastrophic crash". It's not an irrational fear. We really don't understand how the world's stock and commodity markets would react to a Black Swan event, but we do know that things could happen very very quickly. All of the big Market Makers use computer algorithms to drive transactions, and transactions are completed in milliseconds.
What will happen when the next "unknown unknown" (thank you, Donald Rumsfeld) arrives out of nowhere, like a big cheese meteor? We don't know if the interconnected global marketplace is robust enough to absorb the impact, or if it will instead magnify it into a catastrophic and irrational collapse.
Some weird event (terrorist hackers, a big California quake, political unrest in China, some nut case sets off a dirty nuke in New York Harbor, etc.) could trigger the algorithms to all go into bailout mode at the same time. It's possible. The chain reaction could be unstoppable. What happens if there's a big quake in California and ALL of the world's big insurance companies become insolvent in a matter of minutes? All annuities become instantly noncollectable? There could be a whole lotta selling going on with no time to sit back and sort things out.
I'm not saying it will happen, just that it could. It's a possibility that did not exist 20 years ago.
What they are referring to is that for the level of education required to do the job, such as where specialized training and/or a degree is required, state/federal workers usually have moderately to significantly less wage compensation. The reason people took state/fed jobs even though the wages were less was because pensions and job security was supposed to make up the difference. Just like military pay; those men and women *do not* make what they are worth, not by a long shot, but many took the "job" because of the health/education and pension benefits offered.
I agree with what you say Veteran, but I do a lot of Internet buying just because there is only so much shelf space in any one store. There are many things I cannot find exactly what I want in a store, but there are dozens of them available through Amazon. I'd rather not pay the shipping and I prefer to hold something in my hands and kick the tires before I buy, but sometimes that's just the way it happens.