According to the National Institute on Retirement Security, some 66 percent of Americans between the ages of 21 and 32 have nothing saved for retirement.
When I see skilled work-for-hire gigs on Craiglist offering to 'generously pay' $3.00/hour less than the $18.00 hourly rate I worked at as a temp in 1985, when king-cab Toyota pickups were $7995 ... is it ANY WONDER? Working America needs to wake up and smell the Scrooge.
Ours is a bleakly utilitarian era. Every act, it seems, must be overtly purposeful, its value measurable, or else we deem it dispensable, a waste of time. Between the demands of social media (and our constant sense of inadequacy in the face of the thousands, nay millions, whose lives appear—often falsely—more orderly, productive and impressive than our own) and the lessons disseminated by our culture and its so-called leaders (for example, that monetary wealth is the ultimate goal), we risk losing sight of what makes existence meaningful.
Just drop everything you're doing and read it.
Ladies, would you take this for a spin? From my experience back in NJ in the '90's, if I didn't know how to cook (not just one meal), I would have freakin' gone broke from eating out or starved to death. Women I dated were actively running away from traditional roles.
My rotating chimney cap is squeaking. Sounds like I've got a canary that will simply not shut up on the roof. Echoes down the flu, right into the closet outside my office. It's driving me nuts. Winds are too gusty to get up there and lube it safely.
So, if I start to unhinge later, you'll know why.
In order to live a good life as opposed to simply live, one must first reduce the time spent on necessities. However, in the current system where arduous, repetitive, un-stimulating and/or excessive work is created and placed at the centre of society, the idea of ‘free time’ has been rendered virtually meaningless.
You can enjoy what you do, but there still needs to be enjoyment outside of 'work'.
The end of Bretton Woods seems like a big deal. It ushered in the era of floating exchange rates and ended the de facto gold standard that had prevailed since WW2. Why would this have held down wages in the U.S.? Well, it might have allowed the start of globalization, which began to add labor-rich, capital-poor countries to the rich-country trading system, thus holding down wages via factor price equalization.
I've been pondering this for a long while. Just happened upon this link through an unrepeatable labyrinth of Google searches. Best and most plausible explanation I've seen. Trump's not the guy to reinstate or even work on negotiating a Bretton Woods II; indeed if such a thing could ever be crafted. Maybe the winner in '20? Look up Factor Price Equalization and tell me that's not happening. Bad as my eyes are right now, I sure see it.
If you live back East, and you've not yet taken in Winterthur, you absolutely must. Esp. if you love antiques and gardening. The gardens - a point not mentioned in this article - are built so that there are blooms throughout the year. The garden is laid out in a circle, and each of four segments bloom in the appropriate season. It is a stunning piece of work, the nature of which is only seldom attempted in our modern times.
Via aggressive marketing to doctors and misleading use of research, according to the US government, Purdue promoted OxyContin to block out chronic pain.
You've never lived until you've attended a big pharma sales meeting. How the companies 'work' the FDA, how they jig their research #'s. How they get their salespeople to influence physicians - free samples (to get patients hooked), symposia in exotic locations for the hard-sells - it's incredible. Physicians are complicit, but without premeditation, because to say 'sure' to free samples is easy.
The buck stops somewhere, and I sure as hell know where it stops.
Equifax said, in a document submitted to the Senate Banking Committee and reviewed by The Wall Street Journal, that cyberthieves accessed records across numerous tables in its systems that included such data as tax identification numbers, email addresses and drivers’ license information beyond the license numbers it originally disclosed.
Many upstarts promising to revolutionize the industry drift away with barely a whimper. Who needs fashion these days when you can express yourself through social media? Why buy that pricey new dress when you could fund a weekend getaway instead?
No wonder they're doubling down on influencers on Instagram.
There is a less creative explanation: There are some large-scale investors (such as brokerages with large accounts) that are nervous about incipient inflation due to clear signs of strong wage growth. These investors are also concerned that the Federal Reserve might raise rates, thus making it more expensive for companies to borrow and invest money.
Wall Street always seems to engineer one of these crises whenever interest rates are predicted to rise. Look to the past, people. I suppose they felt they needed to get Powell's attention in a really significant 'Trump-size' way.
I ain't lookin' at my IRA. Not for a couple of weeks.