Schwarzenegger orders furloughs, California may start issuing IOUs in August
Submitted by
CalculatedRisk on Wed, 07/28/2010 - 12:02pm (250 comments)
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Furloughs are bullish for Cali's pot tax revenues.
Chiang said he'll start issuing IOUs in August or September to conserve funds as long as possible.
Almost as if someone here had been warning the State would run out of cash the second week of august.
Serious question: Did anybody sell CA IOUs on eBay last year? I would kind of like to own one as a souvenir.
Cali is closing for 3 days each month? We all will be better off for it!
Be interesting to see if the unions sue on this when it has no termination date.
Say what you will about this century's arty ex-pat Austrian strongman leader, but he just doesn't have it in him.
It will clear the roads M-TH, already pretty clear Fridays. Reminds me I need to drop by AAA to do my DMV work on the check they mailed back to me.
...the Funds of August
Governator II: Return of the Bear Chit.
NY State is up against a wall too and we won't even talk about IL...that one sick doggie.
So it all begs the question, what will the fedgov do? And my next question is, have states ever defaulted in modern history (after WWII) and if so how were their debts discharged?
JP wrote:
Golden Bear Chits?
California is now officially in The Hunt For Red October.
In Dawg-a-forniastan, I owes You !
I'm sure the states and Obumer Cartel have a strategy to get the states some loot, probably laundered as Medicaid money.
Nanoo-Nanoo wrote:
Debt, Default, and Revenue Structure: The American State Debt Crisis in the Early 1840s
This appears to be an answer. Nine states defaulted in the 1840s according to the paper.
Furloughs are fun. And soft and silky. Like mink.
Nanoo-Nanoo wrote:
[Ignoring that it doesn't beg the question]
FedGov cannot do anything. I take that back, anything obvious. The line is too long. CA will get transit funds, UE loans, pork, etc. It won't be enough.
Market Talk » Blog Archive » A Brief History of Economic Growth in the US
How quickly a year passes: This was the original naming thread.
Comment by JP from thread 'California: 14 hours and counting to IOUs'
Thank you...and ugh.
Pssssssst
If you want, I can launder whatever you'd like up to over 1/3rd of Trillion dollars, no questions asked, with a small fine after the smoke clears, whadya say?
Rob Dawg wrote:
As I've alwasy said, you can't have enough bacon. Never. That is the problem.
What's all this I hear about state furbelows? - Emily Litella
burnside wrote:
Not a Brazilian, I take it?
You're terminated,
YouTube - The Terminator - You're Terminated (isolated)
deja vu all over again - a
Cinco-X wrote:
California is in for a rough landing strip. The razor stubble is gonna leave rug burn fer shure dude.
Being governor of a bankrupt state probably isn't fun. Arnold wishes he didn't get what he wanted. Just like his role in Ishtar.
snatch blade of grass from hand... Chiang
YouTube - Jim Croce - Chain Gang Melody
How can Obama stand by when good hard-voting Union members go without for 3 days a month ? Shameful.
We should hear from the President on this matter shortly.
Furloughs are fun. And soft and silky. Like mink.
But like mink they kinda smell...
Rob Dawg wrote:
exactly and why I asked the question. So CA just sinks into its own isolated depression and it doesn't affect other states (of course it does) and fedgov sits by and does nothing?
Nanoo-Nanoo wrote:
Counties and cities, IIRC, but not states. Bond Girl, at Nemo's site, is the expert on this.
The article mentions that the FTB only has 5000 staffers. GLWT.
scone, thanks for the lead.
OT, from the Progress Report (Center for American Progress):" WINNERS AND LOSERS: As the SB-1070 legal battle rages on, a growing list of stakeholders is taking shape. A local Arizona TV news station recently discovered that "two of Brewer's top advisers have connections" to private prison giant Corrections Corporation of America (CCA). Paul Senseman, Brewer's deputy chief of staff, is a former lobbyist for CCA and his wife continues to lobby for the company. Chuck Coughlin, who leads her re-election campaign, chaired her transition into the governorship, and is one of the governor's policy advisers, also happens to be the president of HighGround Public Affairs Consultants, which lobbies for CCA. Brewer's connections to the CCA are significant because the company currently bills $11 million a month to the state of Arizona to house immigrant detainees, and if SB-1070 is successfully implemented, its profits would soar as it would take responsibility for imprisoning immigrants arrested by Arizona police. Brewer herself, who has essentially built her campaign around the law, has also benefited from signing off on SB-1070 in terms of her local popularity. So far, Brewer has raised over $1,104,935 just for her legal defense fund. However, Brewer's star may not shine forever. Arizona public schools are experiencing a drop in enrollment which could account for a drop in millions of dollars of federal funding. Arizona's Office of Tourism is reporting a $12 million loss in canceled hotels and reservations."
It would seem that SB 1070 may be partly about utilizing nativism to increase private prison profits.
It'll be fascinating to see how Jerry Brown deals with a $20 billion annual structural deficit in a state that is required to have a balance budget every year. Declare the entire state to now be a Zen monastery - all citizens to shave heads and eat one bowl of rice per day?
Rob Dawg wrote:
Weren't you looking for a patch with room for a landing strip awhile back? What did your wife think about that, or did she know?
Whatever happened to Zimbabwe Billionaire? But along collector lines, didn't someone from the commentariat get the Z1B note?
Nanoo-Nanoo wrote:
You're welcome. The whole bond primer series over there is well worth reading, BTW.
energyecon wrote:
Someone posted a photo of one....
Will do too. Looks like this is going to be a more than interesting second half. You rock, BTW.
Suggested new state motto:
'Now and Zen'
azurite wrote:
The private prison will then hire the prisoners out to the state to build roads at $50 per hour per prisoner. Enterprising if you ask me.
Cinco-X wrote:
Mrs Dawg is a saint. She tolerates any number of my personal idiosyncrasies. Juvenile aviation humor being third tier at best (worst?).
FedGov cannot do anything. I take that back, anything obvious. The line is too long. CA will get transit funds, UE loans, pork, etc. It won't be enough.
Just think what those silly red square state senators will demand in return. Youzers!
Building the Case for Medicaid Reform - The Agenda - National Review Online
Unemployment rises in 75 pct of metro areas - Yahoo! Finance
energyecon wrote:
I take it these were not seasonally adjusted numbers-
...you're harshing my recovery, man
Desperate housewives in California will become aggressive cougars. A fun place to live.
IIRC the local stats are not SA
It Looks Like This Recovery Is Already Over
But doesn't a cougar have to be attractive to attain cougarhood, or am I being chauvinist the door?
energyecon wrote:
Still, it's interesting that there are enough teenagers that actually want to work to drive the numbers that high, assuming that they were typical in those areas prior to the beginning of Summer....
Nanoo-Nanoo wrote:
Elvis wrote:
It's been that way for decades. They just won't be dressing as well now.
romasteel.org
Go to Roberts work
Nice political satire
No. I don't make any money off this
Elvis wrote:
10-20 on that?
Juvenal Delinquent wrote:
Cougars are attractive. If they are not, they are wild dogs. Wild dogs are scary. Cougars are soft. And silky and smooth. Like furloughs.
Cougars are temperamental - mercurial even.
JP wrote:
Cali Chitti Bang Bang, We Love You.
Cinco-X wrote:
Middle pup is off to a job interview at a teen clothing store in an upscale mall. Wish her luck.
energyecon wrote:
Sadly, I have only 100 Trillion dollar notes... the shipping cost more than the bills themselves.
Well, that's as good as it's going to get.
The Ryland Group, Inc. - Ryland Reports Results for the Second Quarter of 2010
And it's not very good. I look forward to their next quarterly, with no tax credit boosting sales.
Elvis wrote:
Funlough?
I think Schwarzenegger is really ordering cougars. I hope Maria doesn't find out.
Mr Slippery wrote:
Fairlow...
Had a fascinating talk for an hour with a Dutch couple, and they told me they come to the USA every 3 years or so, and they said the level of personal vitriol on the radio is at a fever pitch compared to last time, and they mentioned even the left-wing stations were getting in on the act.
California must think virginia has money. For the past couple of years they've been running 'come visit' cable ads featuring the gov and other starz.
nova wrote:
Yeah.... sigh......
Mr Slippery wrote:
Not working is fun. Especially if there is gov't cheese, moonshine and Oprah. Oprah's ad rates just ratcheted up.
azurite wrote:
Brewer appears to be personally benefiting while it's the state that's doing any suffering. What's not to like about that?
Rob Dawg wrote:
Good luck. Mine stalked the manager 'till hired. Hours get distributed thinly, even though she's some weeks the top sales person. She loves the job, though.
black dog wrote:
Only 6 of the top ten wealthiest counties in the US.
Sippn wrote:
If there is an Orange Julius there, what is not to love.
JP wrote:
beltway money?
What's the market value of the IOUs?
Elvis wrote:
Oprah is being beaten 2-1 in ratings by Judge Judy. How humiliating must THAT be?
Rob Dawg wrote:
Good luck little middle pup-
Nanoo-Nanoo wrote:
REBear wrote:
Think SRS.
RE: the youth unemployment in the Yahoo! article linked by energyecon.
We're going to get a generation of young adults, who when asked: "Why are you still at home with your parents?", will answer:
"Because that's where the money is."
REBear wrote:
Bid or ask?
alex black wrote:
Couldn't be easier. Just replay the Schwarzenegger tape.
...show me the money, dad
Cinco-X wrote:
Them's not keepin' IOUs... them's tradin' IOUs...
Cinco-X wrote:
bid.
ask is always 100 on dollar.
Thanks, I was about to post something similar - fairfax, montgomery and NW DC is the national alpha mosquito by any reckoning.
sadly, Dad was forced into early retirement and then, came the big bad pension meltdowns.
MB wrote:
That works - until it doesn't and the tape gets to the end and goes into auto-rewind..
Or we can prepare them to be global citizens and venture forth bravely.
Juvenal Delinquent wrote:
That was a Robert Plant solo album back in the day. They'd probably have to pay him a licensing fee.
Most people are not aware that the Orange Julius franchise was started by Julius Child, Julia Child's father. Julia was raised at the mall and rebelled in her teeneage years by learning high cuisine. If it weren't for bad mall food, we would never had the culinarty talents of Ms. Child.
Elvis wrote:
Meanwhile, any pay that goes to the prisoners will be withheld to pay for the costs of incarceration. Sorta like slavery. The cost of benefits just equals the rate of pay.
Why didn't John C. Calhoun think of that?
Maybe Oprah should consider adding a wise-cracking bailiff to the cast.
I think Whitman will win. As far as Boxer's seat goes, I sincerely wish that we could just cancel it and have 98 senators. Maybe that will be the case when we devolve, default and become like Puerto Rico in regards to our relationship with the USG.
Only 6 of the top ten wealthiest counties in the US
Without fedgov virginia would have zippy. And if you carved out the crescent between nova and virginia beach the rest of virginia is pretty much zippy now.
Arnold says: "you misunderstood me, I was looking for virgins with money...."
Well, at least the air in the US will be fresher then.
REBear wrote:
Ya'; Had some old Bank of New England stock back in the mid-90s where I was asking what I paid for them......didn't work out too well....Had to settle for $0.50 though I had paid $4. Thankfully Shawmut and Bank of Boston stock advances covered the loss....
greenchutes wrote:
What other Senator would you delete?
YAA wrote:
And, son, if you thought the frying pan was fun -- you're gonna love this!
Perhaps CA should not only issue IOUs, but accept IOUs as forms of payment for payment due to the state. And then, all it takes is to issue IOUs with no expiration date and it would've solved it's budget problems.
It can then sustain it's budget indefinitely or even do a proper STIMULUS/Infrastructure project.
Of course, this will put FEAR into the Fed and bankers.
Thing is, will we notice any difference in service level with the furloughs? Even before the furloughs, we needed to time our visits to the school district office carefully if we want to catch hold of someone who can actually help us.
MB wrote:
If elected, I think many will be surprised how pragmatic Jerry Brown will be. Not that many on this board will not complain but I believe he is one of the few if not the only one who can significantly influence a strong democratic legislature. Should he get there, it will be interesting to watch if the Republicans will pay ball.
Elvis wrote:
Elvis, given the delightful surrealism of your mind (and your posts), you're actually going to force my brain to spend odd moments wondering whether that factoid is true or fascinating Dada.
I was @ the Clockwork Orange Julius in the mall, hunting cougars that had lost it all and were now toiling @ Hotdog-On-A-Stick, formerly something they'd dreamed of, but not like that.
10:45am and 3:15pm are always good guesses.
Yes, our boys are painfully aware of alternatives, both good and bad.
Gotta got format my IOUs. Don't trust Austrians with your girlfriends.
azurite wrote:
It may well go up in the short run. However, it will be massively offset by savings on Welfare, housing, extended prison terms, crime fighting, medical bills, education...
And over the longer term, a deterrent to illegal immigration will eventually cut severely into any private detention profits.
so, why is not paying vendors, contractors, and other creditors to whom the state owes money not considered a default, but not paying FIRE creditors is?
once, again it's never about the little people...
Cinco-X wrote:
Unemployment benefits expiring = more need for Medicaid = right wing calls for slashing Medicaid.
Hey, the only way that 1% with all the $$$$ can increase it's share is if the death rate of that 99% without any $$$$ can be jacked up.
No, no, no. California will gladly give you a Golden Bear Chit for a hamburger today - but will continue to accept only USD itself.
What, you thought this was going to be fair?
greenchutes wrote:
You're referring to the Meg Whitman who didn't realize that Cali taxes cap gains as ordinary income? Who just "challenged" Brown to 3 debates when Brown has already declared "I want 10 debates."?
I'll be seeing you on InTrade, taking the opposite side of your bet....
Juvenal Delinquent wrote:
I was thinking of opening an Orange Julios to target the growing demographic.
Icepick wrote:
I'm holding a copy of the CD right now.
But along collector lines, didn't someone from the commentariat get the Z1B note?
Oh Pul-ease.
I'm holding in my hot little hand right now a Zimbabwe 100 trillion dollar bill.
Thanks to Mr. Beach's post.
If anyone is desperate, I might be willing to part with it at half face value. That's a bargain.
Cinco-X wrote:
Throw a rock.....
No... I'm saying... CA could be the first state to issue it's own currency.
THAT would be an event bigger than AIG.
For if it works in California, you'll have 52 other states waiting in line.... And I think the 1% TPTB would go jump off the bridge.
16% of No.VA economy was real estate related in 2005
You know peeves me, when an acronymyst can't even get the letters to jive.
IOY in example, in lieur of IOU
Juvenal Delinquent wrote:
Yeh, he just plays "having it in him" on TV. But annex the Sudetenland? Never.
Outsider wrote:
They're kind of pretty, with that big rock on there. I swear sometimes if you stare at the front cross-eyed for long enough, you can see Ben Bernanke giving you the finger.
Dang Austrians!
Did someone say that Arizona would move to abandon local police protection of federally chartered banks?
alex black wrote:
Yeah, but it's a 4 year tape.
Nanoo-Nanoo wrote:
Damn austerians!
Outsider wrote:
I got one from eBay, and a few other crisp Zims of different denominations. I like the ones with expiration dates.
Cinco-X wrote:
Byrd.
Nothing has changed. The small recovery and now the slowdown in that recovery are nothing more than economic noise around the main trend. We are in a depression of a classical nature. It's not the Great Depression, and this one isn't "great" yet. However, we remain in a depression and even if a dating group says it ended briefly, then resumed, it makes little difference. The economic sensitivity to higher energy prices never abated. The job market never improved. State finances never improved. Housing never improved. The flucuations were just noise.
What comes next is QE 2.0.
G
Juvenal Delinquent wrote:
When will I be made partner?
When you can snatch this stogy from my hand.
LOL! Love it.
Wouldn't want to step on those federal .gov toes anymore than they already have, eh?
Juvenal Delinquent wrote:
So, you enjoy making love to women who keep uncontrollably breaking into tears? I'll have to try that..... You could heighten the tension with whispering "I really love the way you looked in that big red and white striped hat"
Elvis wrote:
"Child" was her married name. So that's the last straw, I'll never believe another one of your posts.
RIF - Oh! I just saw you beat me to the $100T punch.
Yes. They're pretty. Colorful. Oooh.
I bet the commentariat would just love one at bargain price...
Here is one solution to the CA budget problem:
Change the name of Sacramento to Byzantine West, exempt state citizens from Federal taxes and raise the State income tax to a flat 16%.
Human Sexual Response.
Hoopajoops LTD wrote:
In exchange for suspension of highway funding for Federal roads in Arizona.
the ones with expiration dates
I had some Swedish kronor from the 1990s that I tried to use last summer. The store clerk looked like I had put a dead mouse in her hand.
Then there was the Butthole Surfers
Rob Dawg wrote:
I was waiting for someone to ask.
- "Uncle Bob Touched Me"
alex black wrote:
I try and get my head around Jerry Brown and I can't see whats in it for him other than he's bored. I can see reasons why Whitless does, hint none of them have anything to do with the good of California.
nova wrote:
Horslips, anyone?
I thought Child was Julia's married name.?.?
Euro banknotes used to get devalued and declared worthless every 10-20 years, with a 10 year grace period to turn them into the national bank for exchange.
California has been threatening to self-destruct for years now it seems.
The rest of us 49ers aren't watching anymore. It never happens.
Outsider wrote:
Don't look at the flash without special glasses and SPF 120.
Somewhere I have a dog-eared copy of the February '79 Playboy featuring the "Women of Hotdog-On-A-Stick"
Always a pleasure all. Got to run for now.
Somewhere I have a dog-eared copy of the February '79 Playboy featuring the "Women of Hotdog-On-A-Stick"
Probably in your bathroom under some towels.
Juvenal Delinquent wrote:
Was one of them Lorena Bobbitt?
Some techno for the electrical engineers amongst us.
YouTube - micro audio waves - fully connected
Well, you're still posting. I assume that means it's still around.
Outsider wrote:
California is to be renamed.. "The State of confusion"
Comrade Gibbon wrote:
I think you've pretty much got both of them nailed down.
MB wrote:
Sold !
~splat
I hereby proclaim California the official Drama Queen State.
They should put that on their license plates.
I hereby proclaim California the official Drama Queen State.
They should put that on their license plates.
Then they need to rename all public bathrooms -- henceforth know as "Eltons"
IOU
You owe me
We're one big happy family
alex black wrote:
Cramps, Dropkick Murphys, Flogging Molly, Hellbillys, Radio Birdman, Urinals and Wendy O. Williams and that's the best you could come up with?
later
His suspension of disbelief bridge is out.
Az isn't doing so well either. The 8.9B is only half of the shortfall.
an $8.9 billion spending plan that ends a health-care program for 47,000 low- income children, removes 310,000 adults from state health coverage and cuts the funds that were one of the last best hopes for the state parks system to stay afloat.
Read more: Arizona budget passes; cuts total $1.1 billion
Rob Dawg wrote:
Oh, Uncle Bob Touched Me is a way better name. I also liked Gay Bikers on Acid. and Youth in Asia.
Bob's your uncle
Worst floods in a decade in China, 30,000 trapped - Yahoo! News
J
How about My Dad Is Dead?
Juvenal Delinquent wrote:
Don't you have a Hot-Dog-on-a-Stick woman to attend to? She's due back at her shift in an hour.
alex black wrote:
There's a pub in the old town area of Roseville called "Boxing Donkey" where mom bought me lunch and a beer (green) one day and I had to ask the owner where he got the name...... "I saw it in Ireland, The Feisty Goat" was his answer. It was a made up pub in Eurotrip.
Cool place anyway. Future cougars
Tasty stuff...
YouTube - Jeff Wayne war of the worlds - eve of the war
Ya but we are enn a Wecovery...( Said in my best Arnold voice. ) Hahaha boy those Garnishments are sure going to rack up hahaha. Oh and nice Market today...Poor Timmay and Ben all out of Bullets...Sorry guys I have plenty and no I am not interested in Swaps.
The Saga continues.
I've got mine (for 1$)-not selling.
Supposedly getting a few thousand dollar delayed tax refund check (they made an error) from them soon, mailed July 22, better cash it quickly.
I love the fact that there's an ad for AIG bank at the bottom of my screen. CR, you are a dark man.
alex black wrote:
Ohhh yesss!
[for the mundanes say it real fast]
Juvenal Delinquent wrote:
Thread music! YouTube - Ramones - We're A Happy Family
Rob Dawg wrote:
Victorious Secret
Rob Dawg wrote:
Speaking of which, where IS Slummie these days?
House Panel Passes Bill to Legalize Online Gambling (Update1) - Bloomberg.com
July 28 (Bloomberg) -- A House committee passed legislation today that would legalize some Internet gambling, allowing U.S. residents to place online bets with companies licensed by the Treasury Department.
The measure, sponsored by Representative Barney Frank, chairman of the House Financial Services Committee, would roll back a law designed to block such wagers. That four-year-old law, which took effect in June, bars banks from processing payments to offshore gambling websites.
“I have opposed this bill for years, but I am slowly changing, said Representative Brad Sherman, a California Democrat. “The best reason for this bill is the prospect for revenue.”
McDermott’s proposal would require Internet gambling operators to pay a 2 percent tax to the federal government on betting deposits and a 6 percent tax to states. The federal treasury also would collect taxes on gaming-company profits, and bettors would pay taxes on winnings.
BTW, the furloughs Arnold is ordering - will they be repaid retroactively once a budget is in place?
tons of tech names getting destroyed AH: AKAM, SYMC, NVDA, LSI. hooboy, gotta be a helluva day for the Nasdaq tomorrow.
Elvis wrote:
California's Governor: default brought to you by the country that spawned Creditanstalt.
Big Gov is getting into the casino action, aren't they about 20 years late to the scene?
gregor.us wrote:
Yeah, but the Chinese turned a lot of their fiatcos into hard assets and commodities...
uh oh.
Mr Slippery wrote:
Actually, whoever mentioned The Dead Kennedys might have it right - great name. Crazy guys too. Their lead singer, Jello Biafra, ran for Mayor of San Francisco and in a field of 10 candidates, he came in 3rd, running on a platform that included things like "No one allowed in the Financial District unless wearing a clown suit". Candidates 4 through 10, all serious politicians already holding office, were NOT pleased.
A House committee passed legislation today that would legalize some Internet gambling, allowing U.S. residents to place online bets with companies licensed by the Treasury Department.
I thought daytrading was already legal?
edited part about Barney Frank because I'm not going there
Sippn wrote: (regarding teenagers working in retail)...
Anybody know if the "working thinly" part of this is significantly more common than in the past, or has this been the norm for a while?
Outsider wrote:
Are you looking for a specific year for said Fictional Budget)? California is toast.
Nothing more to add.
Question Mark & the Austerians?
YouTube - Question Mark & The Mysterians - 96 Tears
Meg Whitman has a plan to fix all this. She wants to get rid of capital gains taxes in Cali. It will only cost the state another 10 billion in revenue but I have a feeling most of Meg's income would then be tax free!
aleister perdurabo wrote:
The sheep have not been full shorn. They will get our last dollar somehow.
alex black wrote:
Um, but then it gets complicated:
In October 1998, former members of the Dead Kennedys sued Biafra for nonpayment of royalties. According to Biafra, the suit resulted from his refusal to allow one of the band's most well known singles, "Holiday in Cambodia", to be used in a commercial for Levi's Dockers; Biafra opposes Levi's because he believes that they use unfair business practices and sweatshop labor.[21] The three former members claimed that their motive had nothing to do with advertising, and that they had filed suit because Biafra had denied them royalties and failed to promote their albums. Biafra maintained that he had never denied them royalties, and that he himself had not even received royalties for rereleases of their albums or "posthumous" live albums which had been licensed to other labels by the Decay Music partnership. Decay Music denied this charge and have posted what they say are his cashed royalty checks
Jello Biafra - Wikipedia, the free encyclopedia
Outsider wrote:
No. That's the beauty. The "pay cut" wouldn't have cut their pay. This will.
You can shear sheep over and over but you can only slay them once.
alex black wrote:
A
tends to hurt.
Juvenal Delinquent wrote:
Carnivores can't eat cardigans.
amiramr0 wrote:
I just thought his hands were too weak to click a mouse.
Rob Dawg wrote:
But they can cut the cardigans in little pieces and sell them as securitized debt cardigans!
Comrade Kristina wrote:
This might get into one of those heated political discussions, but there are reasons why that might be a great idea. Cap gains are taxed at 10.3% (or 11.3% - I forget) in Cali - probably the highest in the nation. I know a lot of high-income folks who have deferred cap gains in Cali, who plan on leaving Cali, taking their already high Cali income tax payments with them, so they can cash out their gains in another state of residence. Cali is doing all in its power to drive out business and high-income folks, to be replaced by a wave of Arizona illegal immigrants. The income shift will NOT be beneficial for Cali. Doing something to motivate the high income (and high tax-paying Californians) to stay might be a good idea. As it is now, many are about to say "Hasta la Vista"
I was talking about 2 legged ones...
picosec wrote:
My friends who hire teens use this as a norm, due to high turnover, plus it puts a lot of kids into the "must buy company clothes with a discount" bucket. My son worked Abercrombe, the initial "uniform" was $250 @ 50% off. Daughter is a little more frugal, can you hear her money scream?
Rob Dawg wrote:
I think there is a lesson in that..
Juvenal Delinquent wrote:
So was I...
Yummy I like my sheep over rotisserie smothered in Onions with a nice home made sauce and boiled white rice.
Yummy.
I like my sheep served over the coals in a HELOC mint-sauce.
I just thought his hands were too weak
The problem of being 'master of my domain'.
alex black wrote:
The demographic shift will be beneficial for Cali Liberals.
Juvenal Delinquent wrote:
I like the ones who don't realize they are actually sheep, and who protest, panic-stricken, as I roast them, crying "I'm not a sheep!! I'm not a sheep!!" And I smile as I turn the spit and say, "Oh, yes, you are..... or..... were...."
A House committee passed legislation today that would legalize some Internet gambling, allowing U.S. residents to place online bets with companies licensed by the Treasury Department.
so if i were Antigua, and if it were allowed, I'd re-sue the US in the WTO. Otherwise, it seems as if the feds banned online gambling to close the off-shore startups and allow the big players to catch up.
Sippn wrote:
This had occurred to me. But I thought I was being too cynical.
It's Amway with teen clothing.
alex black wrote:
But these same high income folks don't want to take a loss on their expensive real estate that has declined in value... I think the flight of the wealthy will be more of a trickle when they realize they can't get get their cash out of their Cali real estate.
alex black wrote:
I find them very grateful when you give them a reset and promise to cook them at 20 degrees less for 6 years longer.
Rob Dawg wrote:
But they won't be able to real prosper from this, as they run out of other people's money.
black dog wrote:
If he used a banana it wouldn't hurt so much.
Starts at around 2.07
alex black wrote:
Sharks gotta swim.
All this talk of hotdog on a stick reminds me of my youth when I would change the title of the song "Hot child in the city" by nick gilder to "hot dog on a sticky" and sing it while walking to school.
ucgal wrote:
Don't bet on it. I know many wealthy that have already left, & they made sure to do it early in the year to make sure their cap gains would be taxed in a lower tax state. Socialism - Gonna leave a lasting nasty mark.
Drama Queen State.
Tragedy Queen?
Where is Sonny Bono when you need him?
YouTube - Sonny & Cher The Beat Goes On
alex black wrote:
It'll help the state to become carbon neutral. Jobs are overrated anyway.
~splat
...when I would change the title of the song ...
Hey Joe, where you goin' with that gum in your hair...
ucgal wrote:
I'd disagree. These are people who are sitting on tens of millions of unrealized capital gains, and damned if they're gonna give Cali over 10% of it. Most bought their homes 20 years ago, so they're not underwater, and for the few who may have bought recently, they have no motive to stay and pray that their 5% down payment on their now-underwater house comes back - that down payment was a nothingburger compared to their investment portfolio. If they're really tied to their home, they'll rent it, move to a state with no income tax, cash out their cap gains after a year, then move back to their Cali home. But most are just halfway out the door already. They do the math, and in two minutes, they start making their plans....
...Heavenly
so if i were Antigua,
I was there so long ago.I bet it's changed in 50 years.
Jonathan wrote:
Oh yeah, my friends (the women) from college who went into retail from fashion degrees, etc , all drank the Kool Aid, never had any money, always had stuff. I think its more of a "training to buy" for young adults.
Almost on topic, but not quite: A friend of mine wrote this --
Proposition 19: Why Californians can – and should – legalize marijuana - latimes.com
aleister perdurabo wrote:
That's different from the stock market?
and of course, the A&F "uniform" isn't tax deductible (IIRC).
Smaller rake by the house
Here here ! I'd not be allowed to randomly murder my neighbors when I felt like it...
~splat
edit: Someone just emailed me to say that apparently that is stil illegal..
BTW, this happened to a relative of ours who's a parish priest in Detroit:
On Wednesday I was going around getting sponsors for our bulletin and as I was coming down Springwells a van came barreling down the road at 60 miles an hour. I wasn’t going fast enough for him so he laid on the horn, skidded to a stop behind me, then cut off the road in front of me. He got out of his van and came up to my window screaming and yelling and ranting. I realized that this was going nowhere fast so I just said, “I apologize, I made a mistake. Sorry.” At that point he pulled a knife out and waving it in front of my face, said “I’ll show you sorry”, and threatened to kill me. Needless to say I put my car window up. As he continued threatening me I took a picture of his license plate (he was from Ohio). Then he ran to the back of my car, read off my license plate number, and said he was going to track me down and I’d be sorry. Then, as he got back into his van, he refused to go, waving his arms like, “what ya gonna do?” I did nothing, I just sat there figuring “why bother”. Then he backed up real quick as if to hit my car (which he didn’t) and then he took off, peeling out.
I always thought "Mothers Pride" was kewl.
Remember the soft drink?
Rob Dawg wrote:
I'll second that motion....
pavel.chichikov wrote:
Why would someone from Ohio move to Detroit?
nice hat, inspector.
pavel,
The Dutch couple I spoke of earlier, remarked how it seemed to them in their 3 weeks in our country, that we had almost assumed a 'bunker mentality', and road-rage over much ado about nothing certainly makes me want to stay home~
It's going to be fun to watch as people with means who were treated like prey rather than assets leave the high cost states and take thier piles with them, elsewhere.
alex black wrote:
Yes, but with the FedGov bailout, they have access to the entire country's money (as well as China).
alex black wrote:
How does that make her unqualified to hold office?
Outsider wrote:
Posting.......from his underground bunker-
alex black wrote:
Where's homegnome? Didn't he go to see a band called Confederate Fag?
Outsider wrote:
Yes....
....with IOUs
REBear wrote:
Better oversight.
dryfly wrote:
I set the bar very low. IMHO the only thing that makes her unqualified to hold the office is that she wants the office.