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McDuck's Account Talk
- Thread starter McDuck
- Start date
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McDuck
Well-known member
Why it's not a good time to buy Michael Jackson collectibles
Examiner.com - 34 minutes ago
Examiner.com - 34 minutes ago
LOL. Interesting first post from Oley.That was 2 years ago?
McDuck
Well-known member
7/1/2009
Retired From G.M. at 54. Pensionless at 74?
- New York Times
G.M. never stopped. To the contrary. The question now is whether the plan will run short of money and what effect that might have on the company, its workers and retirees, and the federal government, which insures pensions and is now G.M.’s majority owner.
In the short term, G.M.’s newly minted retirees, those in their 40s and 50s, have the most to lose if the plan is rapidly depleted and fails. But over time, the risk will shift to the government and the dwindling number of active U.A.W. workers still building cars at G.M. For those workers, a secure pension is already becoming an increasingly distant dream
Retired From G.M. at 54. Pensionless at 74?
- New York Times
G.M. never stopped. To the contrary. The question now is whether the plan will run short of money and what effect that might have on the company, its workers and retirees, and the federal government, which insures pensions and is now G.M.’s majority owner.
In the short term, G.M.’s newly minted retirees, those in their 40s and 50s, have the most to lose if the plan is rapidly depleted and fails. But over time, the risk will shift to the government and the dwindling number of active U.A.W. workers still building cars at G.M. For those workers, a secure pension is already becoming an increasingly distant dream
PessOptimist
Well-known member
Quote:
Originally Posted by McDuck
That was 2 years ago?
Oley, come back. I did the same thing on another forum a while back, answered a two year old post at length. You'll get over it and everyone here all ready is
Originally Posted by McDuck
That was 2 years ago?
LOL. Interesting first post from Oley.
Oley, come back. I did the same thing on another forum a while back, answered a two year old post at length. You'll get over it and everyone here all ready is
McDuck
Well-known member
7/1/2009
Banks Falling 23% Since May Foreshadow S&P 500 Slump
- Bloomberg
Slumps in bank stocks foreshadowed previous declines in the S&P 500 as investors focused on real-estate losses that curbed lending. Regional banks’ 51 percent plunge over 28 days starting Dec. 8 came a month before the S&P 500 began a 28 percent slump to a 12-year low of 676.53. The lenders’ all-time high in February 2007 occurred seven months before the S&P 500’s record.
...
Speculation government spending will end the first global recession since World War II helped push up the S&P 500 by 15 percent since March 31, the biggest quarterly increase since 1998.
...
Stocks began to decline three weeks ago as economic reports spurred speculation the U.S. economy isn’t recovering fast enough to justify the S&P 500’s 36 percent advance since March 9.
Banks Falling 23% Since May Foreshadow S&P 500 Slump
- Bloomberg
Slumps in bank stocks foreshadowed previous declines in the S&P 500 as investors focused on real-estate losses that curbed lending. Regional banks’ 51 percent plunge over 28 days starting Dec. 8 came a month before the S&P 500 began a 28 percent slump to a 12-year low of 676.53. The lenders’ all-time high in February 2007 occurred seven months before the S&P 500’s record.
...
Speculation government spending will end the first global recession since World War II helped push up the S&P 500 by 15 percent since March 31, the biggest quarterly increase since 1998.
...
Stocks began to decline three weeks ago as economic reports spurred speculation the U.S. economy isn’t recovering fast enough to justify the S&P 500’s 36 percent advance since March 9.
PessOptimist
Well-known member
FWIW dept: during my military career and since the most obnoxious US residents I ever met were:
1. Texans
2. Californians
Only they were ever right
1. Texans
2. Californians
Only they were ever right
McDuck
Well-known member
HaHa.
Yeah, you can always tell a Texan. You can't tell him much, but you sure can tell one.
McDuck
Well-known member
http://blog.al.com/businessnews/2009/07/alabama_pension_fund_chief_dav.html
David Bronner predicts more economic trouble
Bronner said a host of other dangers threaten the U.S. economy and what he calls "the baby recovery" that is just starting to give some people a glimmer of hope
...
>> International troubles. Bronner said he has never seen so many "flying bullets" that threaten peace and prosperity. He cited everything from North Korean nuclear weapons to the prospect of an Israeli invasion of Iran to a global viral pandemic. "Any could strangle a baby recovery," Bronner said
>> Real-estate woes. Bronner said about $500 billion of commercial real-estate loans will require refinancing within 18 months because cash flows from rents and leases aren't sufficient to pay the mortgages. Problem is, he said, most of that strip mall and shopping center property is now worth less than it used to be, making it unlikely lenders will extend more credit.
>> Inflation will run rampant in three years to five years, he said, after $2 trillion of government payouts for troubled banks and stimulus spending. It will be worse if $1 trillion is spent on nationalizing the health-care system, he said.
...
Bronner acknowledged it would be a good investment strategy to bet against the U.S. economy and currency in the short-term. :worried::worried::worried:
David Bronner predicts more economic trouble
Bronner said a host of other dangers threaten the U.S. economy and what he calls "the baby recovery" that is just starting to give some people a glimmer of hope
...
>> International troubles. Bronner said he has never seen so many "flying bullets" that threaten peace and prosperity. He cited everything from North Korean nuclear weapons to the prospect of an Israeli invasion of Iran to a global viral pandemic. "Any could strangle a baby recovery," Bronner said
>> Real-estate woes. Bronner said about $500 billion of commercial real-estate loans will require refinancing within 18 months because cash flows from rents and leases aren't sufficient to pay the mortgages. Problem is, he said, most of that strip mall and shopping center property is now worth less than it used to be, making it unlikely lenders will extend more credit.
>> Inflation will run rampant in three years to five years, he said, after $2 trillion of government payouts for troubled banks and stimulus spending. It will be worse if $1 trillion is spent on nationalizing the health-care system, he said.
...
Bronner acknowledged it would be a good investment strategy to bet against the U.S. economy and currency in the short-term. :worried::worried::worried:
McDuck
Well-known member
U.S. Marines from the 2nd Marine Expeditionary Brigade, 1st Battalion 5th Marines sit with Afghani residents of the village of Noghara in the Nawa district in Afghanistan's Helmand province Friday July 3, 2009. U.S. forces have encountered little resistance in the initial phase of a massive operation by some 4,000 Marines in Taliban-controlled areas of southern Afghanistan, but that's a common tactic by insurgents.
(AP Photo/David Guttenfelder)
McDuck
Well-known member
First lady Michelle Obama eats a pea with fifth graders from Bancroft Elementary School in the First Lady's Garden after they harvested some of the vegetables that they planted in a garden on the South Lawn of The White House in Washington, Tuesday, June 16, 2009.
(AP Photo/Alex Brandon)
McDuck
Well-known member
Joe Jackson (R), father of deceased pop star Michael Jackson, and the Reverend Al Sharpton address the media outside the Jackson family home in Encino, California, June 29, 2009. Jackson, the child star turned King of Pop who set the world dancing but whose musical genius was overshadowed by a bizarre lifestyle and sex scandals, died on Thursday. He was 50.
REUTERS/Lucy Nicholson
Frixxxx
Moderator
Drunk driving deaths per year:
Year
Deaths
A war we will never win
Year
Deaths
2003
17,013
2004
16,919
2005
16,885
2006
15,829
2007
15,387
A war we will never win
God Bless our troops.:worried:
as of 07/03/09
McDuck
Well-known member
Amen. "Lest we forget"
McDuck
Well-known member
Why This Recession Is Hitting Men Harder
Wall Street Journal - Jul 2, 2009
The 2.5 percentage-point gap between men's unemployment rate of 10.5% in May and women's 8% rate is the highest it's ever been since records were kept in 1948.
"The gap between female and male unemployment has never been as large as it is now," said Sophia Koropeckyj, an economist with Moody's Economy.com.
It's not hard to see why. Two male-dominated industries - construction and manufacturing - account for half of the 6 million jobs lost since the recession started in December 2007 and both industries started shedding jobs before that.
"Every industry is contracting, but these industries have taken the brunt," Koropeckyj said. Given that men account for 87% of workers in manufacturing and 71% in construction, it's not surprising that men's unemployment rate is rocketing past women's rate.
The only two private-sector industries to show a net increase in jobs from the start of the recession through May are health care and education - and women workers are highly concentrated in both.
...
Also, government has shown a net job gain of 259,000 in that period, and 57% of government workers are women.
...
Women's unemployment rate was 4.7% in January 2008; men's was 5.1%.
...
Heidi Shierholz, an economist at the Economic Policy Institute, said the net gain in health-care jobs is slowing, partly because millions of Americans have lost not only their jobs but their employer-provided insurance and thus are ratcheting down their health-care spending.
The education sector is also looking less solid, due mainly to state budget crises. "Education is losing jobs now," Shierholz said, though "not nearly as dramatically as other" industries.
...
"With construction, it's a little bit more complicated because many of those workers were immigrants who then returned to their countries when the jobs dried up. It's not as easy to see what will happen there," Koropeckyj said.
Wall Street Journal - Jul 2, 2009
The 2.5 percentage-point gap between men's unemployment rate of 10.5% in May and women's 8% rate is the highest it's ever been since records were kept in 1948.
"The gap between female and male unemployment has never been as large as it is now," said Sophia Koropeckyj, an economist with Moody's Economy.com.
It's not hard to see why. Two male-dominated industries - construction and manufacturing - account for half of the 6 million jobs lost since the recession started in December 2007 and both industries started shedding jobs before that.
"Every industry is contracting, but these industries have taken the brunt," Koropeckyj said. Given that men account for 87% of workers in manufacturing and 71% in construction, it's not surprising that men's unemployment rate is rocketing past women's rate.
The only two private-sector industries to show a net increase in jobs from the start of the recession through May are health care and education - and women workers are highly concentrated in both.
...
Also, government has shown a net job gain of 259,000 in that period, and 57% of government workers are women.
...
Women's unemployment rate was 4.7% in January 2008; men's was 5.1%.
...
Heidi Shierholz, an economist at the Economic Policy Institute, said the net gain in health-care jobs is slowing, partly because millions of Americans have lost not only their jobs but their employer-provided insurance and thus are ratcheting down their health-care spending.
The education sector is also looking less solid, due mainly to state budget crises. "Education is losing jobs now," Shierholz said, though "not nearly as dramatically as other" industries.
...
"With construction, it's a little bit more complicated because many of those workers were immigrants who then returned to their countries when the jobs dried up. It's not as easy to see what will happen there," Koropeckyj said.
McDuck
Well-known member
7 Scary predictions by David Bronner, CEO Alabama Retirement Systems
[SIZE=-1]Motley Fool - [/SIZE]July 04, 2009
[SIZE=-1]Motley Fool - [/SIZE]July 04, 2009
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