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Two-Thirds Of Workers In ...
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Funny Video of the day
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more reasons America is a...
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College Majors of Billion...
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Rand Paul
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CNN and Russia - MUST SEE...
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"Sesame Credit" turns loy...
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Gun violence in Seattle d...
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JUST play video games you...
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  more reasons America is a rich country in name only
Posted by: ModestProposals - 6 hours ago - Forum: Markets, Money & Investing - No Replies

Half of this country cannot cope with another recession.

These people don’t have savings to tide them through another blight in the job market. They don’t have backup streams of income. They don’t even know what a recession might mean for their investments, with the result that they have not made any preparations.

Some 49% say they are living paycheck to paycheck, and 61% admit they lack the savings to cover six months of expenses.

The Great Recession derailed the careers and peak earnings years for plenty in Generation X. At those ages, many are also carrying the costs of raising children.

Looking only at households with assets, the Fed grouped them into four quarters, from rich to poor. The third quarter — those from the 50th through 75% percentile — had a median net worth of just $31,000. That includes the value of their home. That figure was lower when adjusted for inflation than in 1989.

As for the bottom quarter? Their median net worth, said the Fed, could be expressed in round numbers. Perfectly round. Unbroken by any straight lines or angles whatsoever. And this, I repeat, was among the households with any assets at all.

However, more alarming is the financial weakness of those nearing retirement. Some 42% of those age 55 to 64 said they lacked six months’ worth of savings, and 47% said they were living paycheck to paycheck. How these people are going to retire at 70 — let alone 65 — and then live for several decades on their accumulated savings is a mystery.

They won’t, of course. They will be “greeting” you at Wal-Mart with their oxygen tank by their side when they are 85. Heaven help us.

Such are the alarming findings of a new survey, reminding us once again that for half of us America is a “rich country” in name only.


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  Rand Paul
Posted by: andrew_o - 7 hours ago - Forum: Politics - No Replies

He nails it

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  "Sesame Credit" turns loyalty to the government into a game
Posted by: Herring - 11 hours ago - Forum: Politics - No Replies

Most Americans know about "credit scores".  The PRC government, in cooperation with some of its largest online companies, is creating a scoring system that will measure each citizen's reliability/loyalty.  Currently optional, it's set to become mandatory in 2020.  Factors for your score apparently include how you spend your money, and what you read and what you post online.  Crucially, part of your score is also based on the scores of people you're seen to associate with.  So you are incentivized to phase people with low scores out of your life.  People who do things the government doesn't like will find themselves socially isolated.  In addition, you may find yourself unable to get anything but menial jobs, unable to get travel permission, restricted to slow internet speeds, and lots of other fun stuff.


Quote:The KGB and the Stasi’s method of preventing dissent from taking hold was to plant so-called agents provocateurs in the general population, people who tried to make people agree with dissent, but who actually were after arresting them as soon as they agreed with such dissent. As a result, nobody would dare agree that the government did anything bad, and this was very effective in preventing any large-scale resistance from taking hold. The Chinese way here is much more subtle, but probably more effective still.
This scheme is far more sinister than it seems at first, as you’re also getting assorted immediate privileges based on this credit score:
If your credit score reaches 600, you have the privilege of an instant loan of about $800 without collateral when shopping online.
At a score of 650, you may rent a car without leaving a deposit.
At 700, you get access to a bureaucratic fast track to a Singapore travel permit.
And at 750, you get a similar fast track to a coveted pan-European Schengen visa.
There are many more examples – these are just to illustrate.
Anybody can check anybody’s Chinese credit score today using the site Credit China, which helps – no, nudges – people to disconnect from friends and acquaintances who significantly draw down your own credit score merely by association: they’re listed as such. All 869,582 of them. While this Credit China rating is purely fiscal at present (but your friends’ score still affect your own score), the general idea will expand to this “social credit score” no later than 2020, according to the official directive.
Do you see what’s happening here? This means that people need to choose between that coveted European vacation and keeping in touch with their old friends who are disagreeing with the regime’s opinions openly. This means that staying in touch with dissidents will cause you and your family to lose out on social benefits. As a result, this will very effectively isolate and neuter anybody who posts unofficial political opinions or unofficial history facts. They’ll effectively be sent into social exile, based on everything they do, write, think, and discuss online.


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  JUST play video games young males
Posted by: DaveGillie - Yesterday, 06:13 PM - Forum: Markets, Money & Investing - No Replies

Very long article, I just quoted a couple snipets


Young Men Are Playing Video Games Instead of Getting Jobs. That's OK

The surprising thing about the stereotypical aimless young man playing video games in his parents' basement: He's actually happier than ever.

Video games, like work, are basically a series of quests comprised of mundane and repetitive tasks: Receive an assignment, travel to a location, overcome some obstacles, perform some sort of search, pick up an item, and then deliver it in exchange for a reward—and, usually, another quest, which starts the cycle all over again. You are not playing the game so much as following its orders. The game is your boss; to succeed, you have to do what it says.

The sheer amount of time that many players put into games is stunning to consider.

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  Poverty really is the result of a state of mind — among rich people
Posted by: ModestProposals - Yesterday, 08:17 AM - Forum: Misc - No Replies

Recently, Housing and Urban Development Secretary Ben Carson said that poverty is a state of mind, and having the right mind-set will let people escape poverty. He was both right and wrong. There is a poverty mind-set we should discuss, but it’s not the one Carson lamented. The problem is not that people living in poverty need to have a better attitude to escape poverty. It’s that all of us should have a better attitude when it comes to poor people.

Other researchers have detailed the compelling evidence that Carson conflates cause and effect; to the extent poor people feel hopeless and helpless, it’s the poverty they confront that causes these feelings, and not the other way around.

But Carson’s error runs deeper. Implicit in his understanding of poverty — which many share — is that people are poor because they aren’t working and they made bad choices and decisions that landed them in poverty and keep them there. It might surprise Carson to learn that many poor people agree with him.

Helen, a white woman in her 40s, is an example. When I interviewed her, she lived in a dilapidated house in Philadelphia, with no running water. She did maintenance work sporadically at one of the city’s stadiums; her husband’s work in construction was also inconsistent and low-paying. She was looking for a better job and wishing for longer hours and higher pay, but she nonetheless told me that poor people are lazy and don’t want to work.

I found in my research among Philadelphia’s poorest residents that many believed that other poor people were lazy — but knew they themselves were not. They believed that hard work would guarantee they would get ahead, even as most of them worked very hard but stayed poor. They blamed themselves for not having achieved more in life. Given that most poor people who can work do, yet still live in poverty, it is clear that poor people who think the way Helen does are mistaken, and so is Carson.


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  CNN and Russia - MUST SEE!
Posted by: andrew_o - Yesterday, 06:09 AM - Forum: Politics - Replies (2)

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Video The Underwater Forest
Posted by: StingingNettle - Yesterday, 12:18 AM - Forum: Misc - Replies (1)

Cool video.

"The Underwater Forest, a new documentary by Ben Raines produced by This is Alabama, details the discovery and exploration of an ancient cypress forest found sixty feet underwater in the Gulf of Mexico, due south of Gulf Shores, Alabama. The forest dates to an ice age more than 60,000 years ago, when sea levels were about 400 feet lower than they are today"

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  Seattle’s $15 minimum wage may actually cost restaurant workers, study finds
Posted by: ModestProposals - 06-26-2017, 11:30 PM - Forum: Politics - Replies (2)

A sharp increase in Seattle’s minimum wage may have cost low-income workers in the restaurant business as much as $125 per month even though they got paid more per hour, a study suggests.

The study by the National Bureau of Economic Research is the latest to examine Seattle’s aggressive steps since 2014 to raise the minimum wage to the highest levels in the U.S., adding to a growing debate over whether such an approach is helpful or hurtful to the workers meant to benefit.

After Seattle jacked up the minimum wage by a combined 37% over nine months, restaurants cut the average number of hours each employee worked by 9.4%, the study estimated.

The loss in hours easily negated the benefits of higher wages, reducing the average low-wage restaurant worker’s paycheck by 6.6% a month. That works out to as much as $125 in lost income.


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  Annoying political correctness.
Posted by: silverfish - 06-26-2017, 09:55 PM - Forum: Misc - Replies (2)


Twitter is annoying anyway, a load of people with the same viewpoints just agreeing with each other, no room for thought-out ideas or disagreements, just idiots backing each other up.

It is showing a whole range of skin colours, with the one in the middle described as "normal". This "normal" shade is darker than most Northern European skin. Mine wouldn't be "normal" either, but there are other things that are more important than a word, for starters it is offering good advice on protecting yourself from the sun.

I think the word normal actually means the typical, or most common.

What pisses me off is that these pc types are the first to sneer at anyone who is different.

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  Mohu's latest indoor antenna has a 65-mile range
Posted by: ModestProposals - 06-26-2017, 03:25 PM - Forum: Misc - No Replies

Mohu has something new for all of the cord-cutters out there. The company has upgraded its indoor Leaf antenna and the new version delivers a 65-mile reception range. That's up from the 50-mile range of the previous model. Mohu says that its SignaLift technology puts the Leaf Glide more on par with outdoor antennas. The Leaf Glide is also a little bit bigger at 21.5 inches by 11.5 inches, allowing it to pick up lower frequency bands


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