My guess is none.....6 in one week sort of makes it hard to keep up. It's really a crap shoot anyway since we all know Corus should have been last year or even the year before.
OT Noise:
SHANGHAI (Reuters) - Chinese developers are commemorating the late Michael Jackson by building a scaled-down replica of his Neverland Ranch on an island off Shanghai, a state-run newspaper said on Friday.
WTF?
Maybe having your houses built around the Moonwalking Singer Pavilion is like the American desire to live on a cul-de-sac in a development with extra 'E's in the name.
Jeez, look at the Florida bank failures. No wonder Liz' clients can't find financing. And I guess Oregon was just too small to bother with, in terms of banksterizing.
"we need more idle time, and to share the work - we also need to get paid about the same amount for that reduced work. In essence: labor costs must rise, dramatically"
I would put it another way...labor costs need to be redistributed within the labor force...less dollars to "management" and more dollars to "line" workers.
50% is in education (way too many administrators)
5% in police. (That'll be great when riots start breaking out over inflation)
Not to mention the numerous vendors doing work strictly with the government.
So to summarize: 34M on food stamps, 15M unemployed, 3M in jail, 51M on SS, 12M on SS, 15M government workers = 130M people. Wow, that's almost half the population. Socialism without the benefits of health care. Excellent.
BR,
"And Lobbyist Ben Dover and his friends will be there to demand that they be worked to death in workhouses to maintain and sustain the protestant work ethic."
I guess if you ever worked hard you would understand it. The numbers add up and yours don't. Quit whining and go drive you American Honda."
There are plenty of people who work hard, make very good money (me included) who don't have a screw the working class ideology. Your comment on food for children showed your true colors.
my guess of 0 is based precisely on the faith that they will continue to NOT fail these 'tutes at the rate of actual failure. Anything, even my guess, is purely a luck of the draw.
From Mike Bryan, a vice president and senior economist in the Atlanta Fed’s research department: Economic and financial data, neatly wrapped
We thought if these summaries are useful internally, then a wider audience will also find them valuable. So beginning today we will publish our Economic Highlights and Financial Highlights, exclusive of any proprietary data, on our Web site. We anticipate updating these digests weekly.
"Your comment on food for children showed your true colors."
Shows you don't get it. I am for the kids. Idiot parents using the kids for their own irresponsibility is the problem between help and enabling. Maybe some day you will see it as well.
All I ask is people work for what they get, just like our forefathers did. Today's work load considered hard by most ain't shit lazy at best.
I guess if you ever worked hard you would understand it.
LOL.
Yeah dude, I never like, carried half the cash flow for a 50+ person shop. Oh wait -- I did.
The numbers add up and yours don't. Quit whining and go drive you American Honda.
I don't drive. Just another way I'm a goddamn communist. Or wait, maybe I'm a capitalist and patriot who just can't stand owning 25+k of depreciating machinery that he has to constant feed fuel that's paid for with capital sent abroad.
Byzantine_Ruins,
I was wondering. Given your handle, what will what we leave behind be called? Azatlan_Ruins? Post Colombian Pan America? Reluctant_Empire?
Agreed.
I just don't like having my money stolen from me by government and given to someone else is all.
I am charitable but I hate welfare (for bums or wall st, er, ah...)
Then you sat in an office and sweated? I hired managers they where lots cheaper then what I could produce in the shop.
If you worried about a lousy $25K car you could never handle a real race team. $35K motor (todays price $80K) one second and $50 scrap the next. I will keep laughing.
Again, I am not denying the enabling argument. I do believe welfare enables, but at least from my wife's experience...family failed, church failed, ymca failed for god sakes, and the legal system failed. People do get lost between the cracks. No school lunch program, and I am not sure she would be here. Let me explain how bad it was. Little sister weighed 70 pounds at 18. She was not anorexic and looked like a 12 year old. Little brother at 14 had the height of a 6 year old, and looked maybe like he was 8. This happened after she left home and was 'selfish' (in her mind) for trying to survive. As for cycle repeats. People make own choices. Wife is living proof of that, rejected everything she was brought up with. Siblings however are caught in the cycle. Just sad.
BZ Ruins are classy. It is difficult to think of anything we make that will stand up to the test of time. Well, maybe Detroit. Wait. That is already ruins
"I just don't like having my money stolen from me by government and given to someone else is all."
Here, here! But a perusal of the numbers shows that personal welfare is dwarfed by corporate welfare. Except we don't call it corporate welfare. We call it "subsidies" or some other garbage name.
"If you worried about a lousy $25K car you could never handle a real race team. $35K motor (todays price $80K) one second and $50 scrap the next. I will keep laughing."
Wasn't there a thread about conspicuous consumption a while back? I find that those at ease with their position in life never feel the need to flaunt their wealth verbally or otherwise.
Byzantine_Ruins,
I was wondering. Given your handle, what will what we leave behind be called? Azatlan_Ruins? Post Colombian Pan America? Reluctant_Empire?
I'm not sure. I call this place "Byzantium" because you can see roads on the hillsides that have drifted out of maintenance, with little house foundations along them, when the leaves fall, and it reminds me of the stuff I read -- that people used to graze sheep on the green spaces inside the walls of Byzantium at the end.
The era I call the "New Classical World" because Ocean now surrounds us all and is the watery highway of our new island ecumene. So, it's like the super-mediterranean.
I haven't really put a name on post-America yet. It's too ripe with potential. It might break apart or it might stay together, it might depopulate, or it might retain most of its population. I won't have a catchy name for it until the egg cracks and the potential narrows into some semblance of reality.
Maybe I am a bit touchy. I was the poor kid and worked hard while I watch the need get a free ride. I am proud of my results and did it the hard way no Country Club degree, play with some of the top guys in Drag racing. So to tell me about how hard it is is BS. It is simple, hard work.
Those doomers who are weak of stomach are advised to avoid looking at the pictures accompanying the story.
But now I know what "mechanically separated chicken" looks like.
But now, Ben Dover, you have something called confidence (from your trials and tribulations) and that is something the free-riding pukes will never have.
They know deep down they don't measure up because all they want is a handout.
Well done, sir.
BR,
Then you sat in an office and sweated? I hired managers they where lots cheaper then what I could produce in the shop.
We were talking about hard work, but I see that what we are really talking about was the tremendous size of Lobbyist Ben Dover's fantastic COCK, which he will show us all, to the amazement of the crowd. Holy smokes, everyone, Ben Dover has the biggest COCK I have ever seen! Big swingin' dick ,everyone, king of the jungle coming through! HOORAH!
If you worried about a lousy $25K car you could never handle a real race team. $35K motor (todays price $80K) one second and $50 scrap the next. I will keep laughing.
Wow, I wish I could grow up to be a he-man and waste money like you wasted money. Of course, for that 80k, I'd put two of my friends through school or launch a complete business.
Maybe I am a bit touchy. I was the poor kid and worked hard while I watch the need get a free ride. I am proud of my results and did it the hard way no Country Club degree, play with some of the top guys in Drag racing. So to tell me about how hard it is is BS. It is simple, hard work."
Well I gotta give you props for that then (:
Ditto for my wife. She also gets irked by the free-riders.
Pigged - In response to the comments in the last threat regarding the mortgage servicer calling for late payments -
There is a financial reason why servicers want you to pay on the 1st when the official date is later. From the time they collect your payment, until the time the securitization trust is supposed to receive the money from the servicer, the servicer deposits the payment in an escrow account that earns interest. Sure, 5 days early on one mortgage payment doesn't mean much, but when you add this up into the 100's of billions, you are talking serious money.
Servicers have a sizeable financial incentive for you to pay as early as possible, and for them to pay (the securitization trust) as late as possible.
I just have a simple question though to all those irate about welfare handouts. When welfare is discussed why does everyone blind themselves to that fact that corporate welfare in the US makes personal welfare look miniscule? How is everyone blinded to this fact?
If you want no welfare then it should be no welfare across all segments of society. Any video by Naom Chomsky, the book "Confessions of an Economic Hitman" and a multitude of other sources make this crystal clear.
This is what perturbs me when welfare is discussed.
Byz,
What does the size of Lobbyists' cock matter to you?
Becasue he's an asshole who deserves to be tormented for what a poor human being he is? It's fun. He's got a gigantic chip on his shoulder that he thinks gives him an excuse to act like a character from a Dickens novel.
I like to make mean people who don't love their fellow man cry, or at least upbraid them in public, because it applies social pressure to them in a way that either modifies their behavior or keeps them coming back for more so I have an endless source of impish amusement tormenting people who exemplify what is genuinely worst about the human race.
"There is a financial reason why servicers want you to pay on the 1st when the official date is later. From the time they collect your payment, until the time the securitization trust is supposed to receive the money from the servicer, the servicer deposits the payment in an escrow account that earns interest. Sure, 5 days early on one mortgage payment doesn't mean much, but when you add this up into the 100's of billions, you are talking serious money."
Broker Dealers also do this when redeeming stock. Banks also do it when depositing/crediting checks. The 5 day float adds up to a lot of money.
The day I was helping a young family member who just needed some outside help with getting a grip on life. We were at the HHS and the young lady had no help but announced if she was pregnant then should could get housing, food, utilities, medicade and a check. The system is set up for enabling and many young know it and work it. Part of the kid out of wed lock problem. The kids provides the money. Abuse. See it all the time here in flyover.
The largest welfare programs in the US, by far, are corporate BK, limited liability of corporations and directors, FDIC, TARP, TALF,and tax deductibility of mortgage interest.
poic, it's the arrogance of the self-righteous that screws any rational discussion of welfare, be it personal, corporate or other.
Some people just like to pretend that they are better than others and that they are where they are because of their own efforts while others are where they are because of their lack of efforts.
I have worked hard in my life but also recognize that I received many advantages that others did not.
In the words of Bob Marley:
"Help the weak if you are strong"
My mothers CT scan came back negative thank the lord. She will still need to have part of her colon removed. But at worst she's at stage 1 and perhaps it's benign. What a relief for our whole family.
We all pay for welfare and we all pay for corporate expenses. So what is bent into corporate welfare is generally a stimulus for what the government wants.
Have to agree with Byz here......I always laugh when someone who is devoid of a real argument pulls out the schlong and measures it in public. Usually that's reserved for the argument about trading prowess......
@HomeGnome: "Charity is Voluntary, Welfare is NOT!"
Actually, back in the days of Christian theocracy, charity wasn't even voluntary!
And for a long time since, it was a moral obligation even when it wasn't a legal one. This, of course, was back when people took their moral obligations seriously, and before they stopped taking their legal obligations seriously. Nowadays the legal code is such a joke that people don't take their moral obligations seriously either, though they should.
Which is all to say, I'd love to see some kind of system where everyone was expected to tithe 5% or 10% for the greater good, but they got to pick where their money went instead of having Government (with capital G) deciding that for them.
"We were at the HHS and the young lady had no help but announced if she was pregnant then should could get housing, food, utilities, medicade and a check"
Speaking of, I saw a disgusting glimpse last night - "16 and pregnant" on MTV while flipping thru the channels. It was about a rather stupid, largesse girl who's pregnant....and her unwed mother who's also pregnant. Living in their grandmother's house. Pretty sure they all collect massive amount of welfare from the government. MTV....turning girls into sluts, then to baby cannons.
I am so glad I don't contribute taxes to the US government anymore.
@POIC I just have a simple question though to all those irate about welfare handouts. When welfare is discussed why does everyone blind themselves to that fact that corporate welfare in the US makes personal welfare look miniscule? How is everyone blinded to this fact?
Um, a lot of us are not even remotely blind to this fact, or the fact that "social spending" in general is pretty small potatoes relative to the MI-complex. Those who tend to shriek loudest about 'entitlements' and 'welfare' also tend to ignore that right now the money we collect for these things goes to subsidize corporate welfare - some direct, some indirect, via the MI complex. But, they're basically talking their book.
Home Gnome: Might wanna check yourself before you wreck yourself.
Oh I'm sure it'll get me shot one day. I mean really, do you think I don't do it IRL too? I am that guy who loudly berates you for not getting out of the old people and handicapped seat on the bus. But it ain't gonna be today.
Ben, again besides 'tough love' what do you suggest? We are already on the way to third world status, I don't think pulling welfare makes these individuals suddenly grow up and take care of the kids. Hell, my wife's mom actually suggested that she look into prostitution since it was an easy way to make a buck and then she could take care of her 'old' mom. Sure in jest, but still cruel and shows you we don't have far to go to join some parts of the world. Do we implement mandatory birth control? I wish charity would solve the hunger problem, but charity can't reach abused children because the perps don't want the truth to see the light of day.
"We all pay for welfare and we all pay for corporate expenses. So what is bent into corporate welfare is generally a stimulus for what the government wants. "
So you are for certain forms of welfare and not for others?
Lobbyist Ben Dover (profile) wrote on Fri, 7/10/2009 - 3:59 pm
POIC,
The day I was helping a young family member who just needed some outside help with getting a grip on life. We were at the HHS and the young lady had no help but announced if she was pregnant then should could get housing, food, utilities, medicade and a check. The system is set up for enabling and many young know it and work it. Part of the kid out of wed lock problem. The kids provides the money. Abuse. See it all the time here in flyover.
Agreed; it is amazing how much you see that out here in flyover and, I suspect, in most every community with significantly-lower-than-median wages . I'm sure the politicos who invented the welfare system and the ones who came up with the idea of tax breaks for families with children never envisioned that it would result in far worse problems than the admittedly-bad ones they were attempting to solve with the program back when they were implemented. At least, we can hope that is the case.
"We all pay for welfare and we all pay for corporate expenses. So what is bent into corporate welfare is generally a stimulus for what the government wants."
I am kind of OK with paying to prevent malnourishment in our nations children. Starving banks, I am fine with too, though. I suspect that as a country, giving the very least of us, a fighting chance to succeed, pays far greater dividends than propping up the financial industry with tax abatements and direct subsides.
Yes I am for welfare and not for just pumping money into supporting bad behavior. I have had enough section 8 renters to see the system up front. I believe if you need help then you have to repay in some manner. Stops the free loaders real fast. It can be worked out in many ways and I bet it is an incentive to get off of it. Community service, day care for others, peer counseling, even cash pay back if it is easier. Of course if one is disabled that is completely different. Lots of things can be worked out.
Corporate welfare has it's place as long as it is not abused. That seems to be the key now days Rip it off mentality.
I don't know what it's like elsewhere, but in OR, in the late '90's the average stay on ADC (Aid to Families with Dependent Children) was 6 months. I learned this because a friend of mine, whose marriage had been deteriorating for awhile, separated from her spouse (he moved out), and wasn't able to find a job immediately. She'd been self-employed, worked part-time off & on for years, but the spouse was the primary wage earner and one of the first things he did was clean out the joint checking account. I'd warned her he might do that (I'd tried to get her to go down & remove 1/2 of what was in there), but she "couldn't believe" he'd do that to his kids. Right.
At the time, there were two minor children, one 15 years, the other 6. Spouse paid very little support through the 3 years of divorce proceedings and close to 0 afterwards. He also quit working shortly after the divorce was final and became what people call 100% service-connected disabled. Prior to the divorce he'd been making about $90,000/year--but he wasn't filing income taxes.
The service connected VA disability benefit is the only benefits I know of that: (1) no income tax is levied; (2) cannot be garnished for child support. All the custodial parent can get is a small portion of the benefits (equivalent to Social Security's dependents' benefits) and she had to file forms for that and file another request to increase the child's portion when she discovered the spouse was receiving the maximum cash benefit. The ex had no problem, apparently, with receiving an benefit that was higher because a portion of it was meant to go for the support of his children. I had to talk her into requesting the VA to pay her the child's benefit--initially she was afraid the ex would drag her back into court (another custody battle, probably) if she did anything that might "upset" him.
If she'd been able to earn enough money, I am sure she would never have applied for ADC benefits. She had a job within 6 months or less.
Plenty of people end up on "welfare", ADC or when it existed in OR was called GA (General Assistance, for single people w/out minor children who are physically/mentally unable to work for a certain period of time) for short periods of time--and maybe are never on it again, or are on it briefly again.
In OR, anyone who was found eligible for/entitled to GA signed what was called an interim assistance agreement: in return for receiving the benefit (about $200/month), the person agreed to (1) file for SSI & pursue that claim; (2) that the state would be reimbursed the GA it had paid that person out of the person's SSI retroactive benefits. Many other states have or had similar arrangements. The GA program in OR, if it's still around at all, is very very limited. When the program was so greatly diminished (at least 6 years ago), the joke (dark humor) was that yes, the program still existed, all of 8 people in the entire state still received benefits.
So tell me, when will the Fed or the Dept. of Treasury make the banksters, AIG, et al, sign an interim assistance agreement as tough as what poor disabled individuals in OR used to have to sign to get $200/month?
Most States run the same programs in Medicaid as the other states in their region. The administration of projects is so political and so heavy at the top at times there is not enought left to even trickle down to those that is was set up to help. I worked for two years for State Medicaid, never ever got my head around such waste.
I am not much in favor of folks who aren't employed having child after child on the tax payers dime. The thing is though, if we put a stop to it our population would start to shrink. Thats exactly the reason there has never been (outside the mania of the first 3rd of the 20th century) a real attempt to reduce the birth rate of the poor. They are your future citizens and your future market. No babies, no future and trust you me, Ma and Pa Rich aren't going to pop em out on demand, they have better things to do.
The other option, bringing in the poor huddled masses from everywhere else is not much better.
Ideally we want everyone to do better (get into the middle class say) and our society to replace itself but even ignoring the sociopaths among us, a species that biologically cannot see any more than 150 or so other people as even human is going to have quite a time making that work.
Nemo!
(You let the monkey out early on Fridays?)
I wanna see 8 bank failures today. Otherwise I'm unsatisfied.
My guess is none.....6 in one week sort of makes it hard to keep up. It's really a crap shoot anyway since we all know Corus should have been last year or even the year before.
Ciao
MS
OT Noise:
SHANGHAI (Reuters) - Chinese developers are commemorating the late Michael Jackson by building a scaled-down replica of his Neverland Ranch on an island off Shanghai, a state-run newspaper said on Friday.
WTF?
Maybe having your houses built around the Moonwalking Singer Pavilion is like the American desire to live on a cul-de-sac in a development with extra 'E's in the name.
Love the new asset size by state graph! I feel left out here in VA though...I'm sure we'll get a couple at least.
Jeez, look at the Florida bank failures. No wonder Liz' clients can't find financing. And I guess Oregon was just too small to bother with, in terms of banksterizing.
OT
Anyone notice the last hr dive by SRS?
Only 19 states represented so far in the BFF category.
I want some diversity!
Start playing 'Another One Bites the Dust' or whatever it is called, not a Queen expert here. But the song seems appropriate.
I only call for two or fewer- still onsite from the last couple of weeks- not enough people yet.
FFDIC seems to have dropped back into employment again- off the radar for quite a while.
Someday this war's gonna end...
BFF Poll:
HomeGnome 4
Rob Dawg 4
Nova 4
Citizen 2
Vonbek 7
bAnk Failure 4
Scrooge McDuck 8
MS 0
Tim2012 2
Speed Racer 1
Scone 3
JP 3
Comrade Scott 3
Nades 3
Any other takers?
Winner gets a virtual beer!
Start playing 'Another One Bites the Dust' or whatever it is called - V
The return of Thread Music!
YouTube - Queen - 'Another One Bites the Dust'
"we need more idle time, and to share the work - we also need to get paid about the same amount for that reduced work. In essence: labor costs must rise, dramatically"
I would put it another way...labor costs need to be redistributed within the labor force...less dollars to "management" and more dollars to "line" workers.
Maybe they could let the new employees shut down a HOA or two for a little experience.
Sure I'll take a stab. 7 failures
"Jeez, look at the Florida bank failures."
Most of that is one color. I'm guessing that's BankUnited.
HomieG
Im going with 4 banks
1 banc
2 thrifts
and the FedCash store down on 5th and Main.
Pigged from last Thread:
We support 1.8M federal workers
Federal Government, Excluding the Postal Service
We support 15M state/local workers
Number, Cost of Government Workers Growing Fast, Study Says - by Chris Edwards - Budget & Tax News
50% is in education (way too many administrators)
5% in police. (That'll be great when riots start breaking out over inflation)
Not to mention the numerous vendors doing work strictly with the government.
So to summarize: 34M on food stamps, 15M unemployed, 3M in jail, 51M on SS, 12M on SS, 15M government workers = 130M people. Wow, that's almost half the population. Socialism without the benefits of health care. Excellent.
Most of that is one color. I'm guessing that's BankUnited. - a
I stand corrected. Maybe the other potential FL banksters have been scared off, then?
@HomeGnome
Put me down for 8
From prev post.
Robert Reich is Right
+10.
Bottom is still elusive. We are still falling. Recovery will be L shaped at least for the next 5 years. Real GDP decline will be in excess of 10% IMO
I'm in for 0
Ciao
MS
I think it will be 2.
1 in Georgia.
I'm in for 3. And off to the gym. Unlike Nova, I'm not "naturally fit."
I am sticking with my seven, but MS your lack of confidence in tonight's proceedings, let's just say I find your lack of faith disturbing.
"
BR,
"And Lobbyist Ben Dover and his friends will be there to demand that they be worked to death in workhouses to maintain and sustain the protestant work ethic."
I guess if you ever worked hard you would understand it. The numbers add up and yours don't. Quit whining and go drive you American Honda."
There are plenty of people who work hard, make very good money (me included) who don't have a screw the working class ideology. Your comment on food for children showed your true colors.
I think 3 is the standard pre holiday.
Winner gets a virtual beer!
Screw that, I'm going with reality beer.
HomeGnome,
I say all of the above. I will copy Dawg. But I want 1 in AZ for the wildcard playoff, come from behind, dark horse, bomb to the flats pick
If only there were a way to serve my GnomeBrew over the Interwebs...
you must be a Cleveland Browns fan, nova.
Scone,
I am naturally organic also.
Naw, even worse. "Skins...
Oh, what the heck - put me down for 3: 1GA, 2IL.
I think there are two few possibilities... We should start to guess states too....
EBay Says It Has No Deal With G.M.
EBay Denies Partnership With G.M. - NY Times
It would be nice if the FDIC posted a notice up on their website:
"Due to resource constraints, we will not be shutting down any banks today. Please check again next week."
or
"In order to stay on-message with BO's uplifting economic assessment earlier today, we have canceled today's bank failures."
I'll take Florida, CA and Oregon
/// edit.... I like nova's AZ call tho... humm.....
my guess of 0 is based precisely on the faith that they will continue to NOT fail these 'tutes at the rate of actual failure. Anything, even my guess, is purely a luck of the draw.
Ciao
MS
I think there are two few possibilities... We should start to guess states too....
1 GA + 2 CA = 3
what are you guys basing your projections on? swags?
my nswag: 2 failures costing the dif < 70 mil
"Any other takers?"
4
Hoocoodanode the BFF poll would be such a hit?
BFF Poll:
HomeGnome 4
Rob Dawg 4
Nova 4
Citizen M 2
Vonbek 7
bAnk Failure 4
Scrooge McDuck 8
MS 0
Tim2012 2
Speed Racer 1
Scone 3
JP 3
Comrade Scott 3
Nades 3
Blackhalo 4
pigpen 1
E Thomas St 4
sneering nil 2
gabyjan 3
Any other takers?
Winner gets a virtual beer!
No "s" just wild ass guesses
My hometown bank Guaranty is not long for this planet - put me down for one. Funny I dont know anyone in austin who banks with them.
I'm gonna go with 4
I took a cue from the Popeye movie and asked my youngest, he said something that sounded like swenelen...I took that for seven in baby language.
That Virtual Beer has to be Bud. Much too pale to be anything imported.
BFF polling closes in 3 minutes...
No offense but anybody who thinks the FDIC is going to close a bank in AZ in July is just not thinking their BFF strategy through.
Virtual Stella Artois...
Home Gnome Thx for the count.
i based mine on how many push-ups i can do before gassing: 2
No offense but anybody who thinks the FDIC is going to close a bank in AZ in July is just not thinking their BFF strategy through.
Thats the punishment detail. Like getting assigned to Billings, MT if you are in the FBI
Rob Dawg, I love your common sense approach to these things! WTH wants to be in AZ in the summer? Perfectly logical.
From Mike Bryan, a vice president and senior economist in the Atlanta Fed’s research department: Economic and financial data, neatly wrapped
We thought if these summaries are useful internally, then a wider audience will also find them valuable. So beginning today we will publish our Economic Highlights and Financial Highlights, exclusive of any proprietary data, on our Web site. We anticipate updating these digests weekly.
I can haz M3? Plz?
LOL! I didnt even get it at first...
BFF Polling is closed.
Thanks for the participation!
POIC.
"Your comment on food for children showed your true colors."
Shows you don't get it. I am for the kids. Idiot parents using the kids for their own irresponsibility is the problem between help and enabling. Maybe some day you will see it as well.
All I ask is people work for what they get, just like our forefathers did. Today's work load considered hard by most ain't shit lazy at best.
Is Scone still here? I want to send her a jpg of my chisled, buffed, and cut knees.
I guess if you ever worked hard you would understand it.
LOL.
Yeah dude, I never like, carried half the cash flow for a 50+ person shop. Oh wait -- I did.
The numbers add up and yours don't. Quit whining and go drive you American Honda.
I don't drive. Just another way I'm a goddamn communist. Or wait, maybe I'm a capitalist and patriot who just can't stand owning 25+k of depreciating machinery that he has to constant feed fuel that's paid for with capital sent abroad.
Charity is Voluntary
Welfare is NOT!
I'd like to decide who gets my help (or not) on a case by case basis.
Is Scone still here? I want to send her a jpg of my chisled, buffed, and cut knees.
That sounds like a waffle house dish. "I'd like my nova knees chiseled, buffed and cut, please."
Well, down south they just say "you wanna cover them up bud? People trying to eat here."
Then we have a smoke.
1 ga 1 il 1sd
Alright, gaby.
Polling is officially closed but we can make an exception...
"I'd like to decide who gets my help (or not) on a case by case basis."
Somehow I doubt that the largess of the food stamp crowd, comes even close to the subsidies and tax abatements granted to the top few.
I can haz M3? Plz?
LOL!
What does that bank failure graph look like for 2008? Does WaMu get lumped into one state or many?
Byzantine_Ruins,
I was wondering. Given your handle, what will what we leave behind be called? Azatlan_Ruins? Post Colombian Pan America? Reluctant_Empire?
Agreed.
I just don't like having my money stolen from me by government and given to someone else is all.
I am charitable but I hate welfare (for bums or wall st, er, ah...)
Dawg,
Wal-ruins? Really_ruined?
BR,
Then you sat in an office and sweated? I hired managers they where lots cheaper then what I could produce in the shop.
If you worried about a lousy $25K car you could never handle a real race team. $35K motor (todays price $80K) one second and $50 scrap the next. I will keep laughing.
homegnome thank you.
@Blackhalo
Right. Ultimately, this is about robbing from the middle class savers. Build trust in stock - crash it - herd them into bonds - crash it.
Again, I am not denying the enabling argument. I do believe welfare enables, but at least from my wife's experience...family failed, church failed, ymca failed for god sakes, and the legal system failed. People do get lost between the cracks. No school lunch program, and I am not sure she would be here. Let me explain how bad it was. Little sister weighed 70 pounds at 18. She was not anorexic and looked like a 12 year old. Little brother at 14 had the height of a 6 year old, and looked maybe like he was 8. This happened after she left home and was 'selfish' (in her mind) for trying to survive. As for cycle repeats. People make own choices. Wife is living proof of that, rejected everything she was brought up with. Siblings however are caught in the cycle. Just sad.
BZ Ruins are classy. It is difficult to think of anything we make that will stand up to the test of time. Well, maybe Detroit. Wait. That is already ruins
Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8
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Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8 - Bloomberg.com
directly to the pix
Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8
Chinese counterfeit is shown 2 days later...
"labor costs rise and work redistributed"
Thank you, somebody is finally paying attention.
"I just don't like having my money stolen from me by government and given to someone else is all."
Here, here! But a perusal of the numbers shows that personal welfare is dwarfed by corporate welfare. Except we don't call it corporate welfare. We call it "subsidies" or some other garbage name.
"If you worried about a lousy $25K car you could never handle a real race team. $35K motor (todays price $80K) one second and $50 scrap the next. I will keep laughing."
Wasn't there a thread about conspicuous consumption a while back? I find that those at ease with their position in life never feel the need to flaunt their wealth verbally or otherwise.
Byzantine_Ruins,
I was wondering. Given your handle, what will what we leave behind be called? Azatlan_Ruins? Post Colombian Pan America? Reluctant_Empire?
I'm not sure. I call this place "Byzantium" because you can see roads on the hillsides that have drifted out of maintenance, with little house foundations along them, when the leaves fall, and it reminds me of the stuff I read -- that people used to graze sheep on the green spaces inside the walls of Byzantium at the end.
The era I call the "New Classical World" because Ocean now surrounds us all and is the watery highway of our new island ecumene. So, it's like the super-mediterranean.
I haven't really put a name on post-America yet. It's too ripe with potential. It might break apart or it might stay together, it might depopulate, or it might retain most of its population. I won't have a catchy name for it until the egg cracks and the potential narrows into some semblance of reality.
A replica of Neverland
flipping Chinese are crazier than Michael.
poic,
Maybe I am a bit touchy. I was the poor kid and worked hard while I watch the need get a free ride. I am proud of my results and did it the hard way no Country Club degree, play with some of the top guys in Drag racing. So to tell me about how hard it is is BS. It is simple, hard work.
pretty chart. too bad the real commitment to FNM/FRE toxic waste is a massive multiple of a half-trillion.
this reminds me of Ambac's pretty charts for investors a year or so ago... only on a much, much larger scale.
While we're waiting for the first bank failure, here is another sign of the apocalypse:
Sudden Shortage of Slim Jims Causes Widespread Panic
Those doomers who are weak of stomach are advised to avoid looking at the pictures accompanying the story.
But now I know what "mechanically separated chicken" looks like.
But now, Ben Dover, you have something called confidence (from your trials and tribulations) and that is something the free-riding pukes will never have.
They know deep down they don't measure up because all they want is a handout.
Well done, sir.
BR,
Then you sat in an office and sweated? I hired managers they where lots cheaper then what I could produce in the shop.
We were talking about hard work, but I see that what we are really talking about was the tremendous size of Lobbyist Ben Dover's fantastic COCK, which he will show us all, to the amazement of the crowd. Holy smokes, everyone, Ben Dover has the biggest COCK I have ever seen! Big swingin' dick ,everyone, king of the jungle coming through! HOORAH!
If you worried about a lousy $25K car you could never handle a real race team. $35K motor (todays price $80K) one second and $50 scrap the next. I will keep laughing.
Wow, I wish I could grow up to be a he-man and waste money like you wasted money. Of course, for that 80k, I'd put two of my friends through school or launch a complete business.
"poic,
Maybe I am a bit touchy. I was the poor kid and worked hard while I watch the need get a free ride. I am proud of my results and did it the hard way no Country Club degree, play with some of the top guys in Drag racing. So to tell me about how hard it is is BS. It is simple, hard work."
Well I gotta give you props for that then (:
Ditto for my wife. She also gets irked by the free-riders.
Byz,
What does the size of Lobbyists' cock matter to you?
BR,
I expected better from and educated person. Sad
That, sm, is some nasty stuff...
I mean NASTY!
OT
Anyone notice the last hr dive by SRS?
I also noticed TLT dove after hours because I still have some "JAS calls".
Teacher, teacher, AC said a naughty word!
Pigged - In response to the comments in the last threat regarding the mortgage servicer calling for late payments -
There is a financial reason why servicers want you to pay on the 1st when the official date is later. From the time they collect your payment, until the time the securitization trust is supposed to receive the money from the servicer, the servicer deposits the payment in an escrow account that earns interest. Sure, 5 days early on one mortgage payment doesn't mean much, but when you add this up into the 100's of billions, you are talking serious money.
Servicers have a sizeable financial incentive for you to pay as early as possible, and for them to pay (the securitization trust) as late as possible.
I just have a simple question though to all those irate about welfare handouts. When welfare is discussed why does everyone blind themselves to that fact that corporate welfare in the US makes personal welfare look miniscule? How is everyone blinded to this fact?
If you want no welfare then it should be no welfare across all segments of society. Any video by Naom Chomsky, the book "Confessions of an Economic Hitman" and a multitude of other sources make this crystal clear.
This is what perturbs me when welfare is discussed.
Okay, next song for tonight
some Otis Redding-Dock of the Bay
Dock of the Bay
This is why I said I hate welfare; corporate or otherwise.
Charity is voluntary; welfare is NOT!
Which is more in line with the idea of freedom?
Byz,
What does the size of Lobbyists' cock matter to you?
Becasue he's an asshole who deserves to be tormented for what a poor human being he is? It's fun. He's got a gigantic chip on his shoulder that he thinks gives him an excuse to act like a character from a Dickens novel.
I like to make mean people who don't love their fellow man cry, or at least upbraid them in public, because it applies social pressure to them in a way that either modifies their behavior or keeps them coming back for more so I have an endless source of impish amusement tormenting people who exemplify what is genuinely worst about the human race.
"There is a financial reason why servicers want you to pay on the 1st when the official date is later. From the time they collect your payment, until the time the securitization trust is supposed to receive the money from the servicer, the servicer deposits the payment in an escrow account that earns interest. Sure, 5 days early on one mortgage payment doesn't mean much, but when you add this up into the 100's of billions, you are talking serious money."
Broker Dealers also do this when redeeming stock. Banks also do it when depositing/crediting checks. The 5 day float adds up to a lot of money.
POIC,
The day I was helping a young family member who just needed some outside help with getting a grip on life. We were at the HHS and the young lady had no help but announced if she was pregnant then should could get housing, food, utilities, medicade and a check. The system is set up for enabling and many young know it and work it. Part of the kid out of wed lock problem. The kids provides the money. Abuse. See it all the time here in flyover.
The largest welfare programs in the US, by far, are corporate BK, limited liability of corporations and directors, FDIC, TARP, TALF,and tax deductibility of mortgage interest.
By far.
poic, it's the arrogance of the self-righteous that screws any rational discussion of welfare, be it personal, corporate or other.
Some people just like to pretend that they are better than others and that they are where they are because of their own efforts while others are where they are because of their lack of efforts.
"This is why I said I hate welfare; corporate or otherwise.
Charity is voluntary; welfare is NOT!"
Good to hear (:
"I like to make mean people who don't love their fellow man cry,"
Might wanna check yourself before you wreck yourself.
Chiggity check yo self before you wreck yo self.
or not.
HomeGnome:
Charity is voluntary; welfare is NOT!
Which is more in line with the idea of freedom?
Charity is a virtue, welfare is a public good. We build roads and provide police protection with public funds as well.
Totally OT and totally geeky but I've got the Stacks dock MAC OSX implementation running on my IPhone 3GS. Pretty cool!
And either come back with hard numbers or put it back in your pants.
I have worked hard in my life but also recognize that I received many advantages that others did not.
In the words of Bob Marley:
"Help the weak if you are strong"
Now where's that "blunt" icon I asked about?
It's 5:00 on a Friday...
... do you know where your money is?
Heck, do you even know who owns your bank?
HomeGnome,
My mothers CT scan came back negative thank the lord. She will still need to have part of her colon removed. But at worst she's at stage 1 and perhaps it's benign. What a relief for our whole family.
We all pay for welfare and we all pay for corporate expenses. So what is bent into corporate welfare is generally a stimulus for what the government wants.
Have to agree with Byz here......I always laugh when someone who is devoid of a real argument pulls out the schlong and measures it in public. Usually that's reserved for the argument about trading prowess......
funny stuff though..
Ciao
MS
Glad to hear it, poic.
May you and yours continue an easy path.
@HomeGnome: "Charity is Voluntary, Welfare is NOT!"
Actually, back in the days of Christian theocracy, charity wasn't even voluntary!
And for a long time since, it was a moral obligation even when it wasn't a legal one. This, of course, was back when people took their moral obligations seriously, and before they stopped taking their legal obligations seriously. Nowadays the legal code is such a joke that people don't take their moral obligations seriously either, though they should.
Which is all to say, I'd love to see some kind of system where everyone was expected to tithe 5% or 10% for the greater good, but they got to pick where their money went instead of having Government (with capital G) deciding that for them.
"We were at the HHS and the young lady had no help but announced if she was pregnant then should could get housing, food, utilities, medicade and a check"
Speaking of, I saw a disgusting glimpse last night - "16 and pregnant" on MTV while flipping thru the channels. It was about a rather stupid, largesse girl who's pregnant....and her unwed mother who's also pregnant. Living in their grandmother's house. Pretty sure they all collect massive amount of welfare from the government. MTV....turning girls into sluts, then to baby cannons.
I am so glad I don't contribute taxes to the US government anymore.
You seem to overlook the free public education that you received.
Maybe your parents shouldn't have had children they couldn't afford to educate. I'm pissed that I have to support people like you.
What do I care if Ben has a race car (or a big cock)?
I don't measure my worth against what others have (or don't).
@POIC I just have a simple question though to all those irate about welfare handouts. When welfare is discussed why does everyone blind themselves to that fact that corporate welfare in the US makes personal welfare look miniscule? How is everyone blinded to this fact?
Um, a lot of us are not even remotely blind to this fact, or the fact that "social spending" in general is pretty small potatoes relative to the MI-complex. Those who tend to shriek loudest about 'entitlements' and 'welfare' also tend to ignore that right now the money we collect for these things goes to subsidize corporate welfare - some direct, some indirect, via the MI complex. But, they're basically talking their book.
Home Gnome:
Might wanna check yourself before you wreck yourself.
Oh I'm sure it'll get me shot one day. I mean really, do you think I don't do it IRL too? I am that guy who loudly berates you for not getting out of the old people and handicapped seat on the bus. But it ain't gonna be today.
Ben, again besides 'tough love' what do you suggest? We are already on the way to third world status, I don't think pulling welfare makes these individuals suddenly grow up and take care of the kids. Hell, my wife's mom actually suggested that she look into prostitution since it was an easy way to make a buck and then she could take care of her 'old' mom. Sure in jest, but still cruel and shows you we don't have far to go to join some parts of the world. Do we implement mandatory birth control? I wish charity would solve the hunger problem, but charity can't reach abused children because the perps don't want the truth to see the light of day.
"We all pay for welfare and we all pay for corporate expenses. So what is bent into corporate welfare is generally a stimulus for what the government wants. "
So you are for certain forms of welfare and not for others?
Lobbyist Ben Dover (profile) wrote on Fri, 7/10/2009 - 3:59 pm
POIC,
The day I was helping a young family member who just needed some outside help with getting a grip on life. We were at the HHS and the young lady had no help but announced if she was pregnant then should could get housing, food, utilities, medicade and a check. The system is set up for enabling and many young know it and work it. Part of the kid out of wed lock problem. The kids provides the money. Abuse. See it all the time here in flyover.
Agreed; it is amazing how much you see that out here in flyover and, I suspect, in most every community with significantly-lower-than-median wages . I'm sure the politicos who invented the welfare system and the ones who came up with the idea of tax breaks for families with children never envisioned that it would result in far worse problems than the admittedly-bad ones they were attempting to solve with the program back when they were implemented. At least, we can hope that is the case.
"We all pay for welfare and we all pay for corporate expenses. So what is bent into corporate welfare is generally a stimulus for what the government wants."
I am kind of OK with paying to prevent malnourishment in our nations children. Starving banks, I am fine with too, though. I suspect that as a country, giving the very least of us, a fighting chance to succeed, pays far greater dividends than propping up the financial industry with tax abatements and direct subsides.
Vonbek777, poic,
Yes I am for welfare and not for just pumping money into supporting bad behavior. I have had enough section 8 renters to see the system up front. I believe if you need help then you have to repay in some manner. Stops the free loaders real fast. It can be worked out in many ways and I bet it is an incentive to get off of it. Community service, day care for others, peer counseling, even cash pay back if it is easier. Of course if one is disabled that is completely different. Lots of things can be worked out.
Corporate welfare has it's place as long as it is not abused. That seems to be the key now days Rip it off mentality.
I don't know what it's like elsewhere, but in OR, in the late '90's the average stay on ADC (Aid to Families with Dependent Children) was 6 months. I learned this because a friend of mine, whose marriage had been deteriorating for awhile, separated from her spouse (he moved out), and wasn't able to find a job immediately. She'd been self-employed, worked part-time off & on for years, but the spouse was the primary wage earner and one of the first things he did was clean out the joint checking account. I'd warned her he might do that (I'd tried to get her to go down & remove 1/2 of what was in there), but she "couldn't believe" he'd do that to his kids. Right.
At the time, there were two minor children, one 15 years, the other 6. Spouse paid very little support through the 3 years of divorce proceedings and close to 0 afterwards. He also quit working shortly after the divorce was final and became what people call 100% service-connected disabled. Prior to the divorce he'd been making about $90,000/year--but he wasn't filing income taxes.
The service connected VA disability benefit is the only benefits I know of that: (1) no income tax is levied; (2) cannot be garnished for child support. All the custodial parent can get is a small portion of the benefits (equivalent to Social Security's dependents' benefits) and she had to file forms for that and file another request to increase the child's portion when she discovered the spouse was receiving the maximum cash benefit. The ex had no problem, apparently, with receiving an benefit that was higher because a portion of it was meant to go for the support of his children. I had to talk her into requesting the VA to pay her the child's benefit--initially she was afraid the ex would drag her back into court (another custody battle, probably) if she did anything that might "upset" him.
If she'd been able to earn enough money, I am sure she would never have applied for ADC benefits. She had a job within 6 months or less.
Plenty of people end up on "welfare", ADC or when it existed in OR was called GA (General Assistance, for single people w/out minor children who are physically/mentally unable to work for a certain period of time) for short periods of time--and maybe are never on it again, or are on it briefly again.
In OR, anyone who was found eligible for/entitled to GA signed what was called an interim assistance agreement: in return for receiving the benefit (about $200/month), the person agreed to (1) file for SSI & pursue that claim; (2) that the state would be reimbursed the GA it had paid that person out of the person's SSI retroactive benefits. Many other states have or had similar arrangements. The GA program in OR, if it's still around at all, is very very limited. When the program was so greatly diminished (at least 6 years ago), the joke (dark humor) was that yes, the program still existed, all of 8 people in the entire state still received benefits.
So tell me, when will the Fed or the Dept. of Treasury make the banksters, AIG, et al, sign an interim assistance agreement as tough as what poor disabled individuals in OR used to have to sign to get $200/month?
Most States run the same programs in Medicaid as the other states in their region. The administration of projects is so political and so heavy at the top at times there is not enought left to even trickle down to those that is was set up to help. I worked for two years for State Medicaid, never ever got my head around such waste.
Head and sholders will probably fail. too many underwater short sellers are anticipating it
. if it does materialize it will stick a fork in the efficient market hypothesis. Target
8400 next week. And then 9000. Interesting Finance & Economic articles
I am not much in favor of folks who aren't employed having child after child on the tax payers dime. The thing is though, if we put a stop to it our population would start to shrink. Thats exactly the reason there has never been (outside the mania of the first 3rd of the 20th century) a real attempt to reduce the birth rate of the poor. They are your future citizens and your future market. No babies, no future and trust you me, Ma and Pa Rich aren't going to pop em out on demand, they have better things to do.
The other option, bringing in the poor huddled masses from everywhere else is not much better.
Ideally we want everyone to do better (get into the middle class say) and our society to replace itself but even ignoring the sociopaths among us, a species that biologically cannot see any more than 150 or so other people as even human is going to have quite a time making that work.