It's easy to understand the source of this discrimination and I don't think this will stop any time soon, employers will always search for younger workers. I think the Government should do something about this and come up with some kind of motivations for employers that hire older people this way these people would benefit from considerable higher hiring chances.
Kim, PEO consultant
on every news show (except Lou Dobbs who just had a completely inaccurate story on Acorn, that was not in the final bill, was though earlier)
anyway, they are screaming, ranting, raving, YOU MUST PASS THIS BILL or the GLOBAL ECONOMY WILL COLLAPSE!
Well, they fail to notice that it was expected to pass and the market was already down over 300 pts and that was in reaction to the current bank failures here and in Europe.
I think they are scaring people so badly they are creating their own Wall Street sell off panic.
Ron said it the best. The bailout is only a temporary fix for a much bigger problem. How long can you stick your finger in a damn, before either you get tired, or the dam continues cracking? He need a permanent solution. And consulting the same people responsible for the current state of our economy is ridiculous to say the least. Have we also forgotten that we are in a trade deficit nearing 6.9Trillion .
We also need to address this issue. We need a bird's eye view of the market and understand the relationship between the key drivers of this problem, and further analyze how each affects another. I agree with you bring out the economists! Give Paulson a vacation.
We are getting very close to the election, so the chances of a huge bailout passing now is diminished. We are also getting very close to October, the traditional crash month.
In the end, the Republicans just saved the Democrats from making a huge political mistake. If the economy is going to crash, best it happen before January instead of after.
I think you're over-valuing what human labor (without any brain) is worth. In a day a person could create a tenth of a horsepower for an hour, and be totally exhausted. 76 watt hours for a really fit human, and maybe a few hours later they could do it again. Let's say they do this massive workout three times in a day, for five days, and make a single stinky kw-h worth 13 cents where I live. No good. Not going to make the energy a $70 TV is worth in any reasonable length of time, let alone pay for food or shelter or clothing.
Give humans infrastructure and training, and all of a sudden they can make energy wealth we currently value at $20 or more an hour.
So step one for your global energy economy, after getting rid of a few especially evil governments that right now steal from their citizens and murder them, is to invest in plugging in the globe. Plugging them to food, water, transport; plugging them into participation potential.
This is pathetic. I'm sorry, now she is on TV blaming the Republicans. No, Nancy, the bill was not the right approach!
I'm sorry but I suspect strongly there will be hell to pay by trying to turn this into political football instead of using Clinton's plan and putting together a plan that will actually work is what I would call a real out of bounds play.
These people will stop at nothing for power, their plan sucks, what does it take?
which is an exchange which decays and expires after a period of time. The fed of nations controls the money supply but having something with an expiration date you just added an additional complexity that probably would destabilize the entire global exchange system.
Just as NiMH batteries can't hold a charge indefinitely (well, duracell is working to change that, but that's beside the point), what we need is liquidity that can't be saved.
Yes, a standard increase in the money supply will result in a devaluation of the money.
But if you have money that destroys itself after a period of time- that can't be saved- that must be spent- that's where my idea comes in. An infinite supply of money- but banks are impossible.....
See Bernanke, he just increased it but realize when you increase the money supply, you can devalue it...
money is just an index, it's just a ratio exchanger for goods and services. Each economy is national, the world is organized in a series of nation-states with governing laws within them.
Money in an of itself is not a "thing" as I suspect you are looking at, it's much more of an indicator of "other things" it's simply a universally accepted barter item.
it's deriviatives. They creating these various Collaterized debt obligations (CDO's) which "insure" a default, so then they leveraged more to make money...thinking this new house of cards protected them....well, just like any hurricane and insurance company...if you wipe out an area that insurance company has to pay up and if they don't have the capital available to pay up....they go bust and piss off a lot of people.
that is the situation, a $65 trillion dollar situation.
Look at derivatives as insurance policies. So even worse, those selling these insurance policies look at them as assets because they collect premium payments on them...
but in truth, because the underlying asset is in default (in the case of homes, foreclosure or devaluation) those underlying assets are actually a liability (that means a negative or minus on the books).
Vote myself off the front page- I think it happened when I formatted my article. In fact, I'm fairly sure I mistook the "voting" control for a "move the line that breaks the preview from the full article" control....
But my point was more that the amount of leveraging can't be housing alone. Housing is just the bubble that burst the camel's back, to mix my metaphors a bit. There's way more to it than just housing- there seems to be an oversupply of labor itself.
Thus the suggestion that perhaps our current currency supply is inadequate to handle a globally transfinite economy.
What I'm trying to eliminate more is the entire idea of scarcity; in a truly "one world order" global economy there's really no need for the concept. There is always "enough", the question becomes is there any need for more?
gets almost all of its power from Hydro and geothermal energy. This is a unique situation. Plus, AFAIK there isn't a working hydrogen infrastructure in the country.
did you mean to vote your own blog off of the front page?
You have a -1 vote and those votes control where content is displayed on the site. A down vote means you don't want a particular post on the front page and even published.
I don't think the leveraging occurred at all in refusal to let deflation happen. If anything they were out to keep the bubble going because they are completely focused on short term profits. They had to get their stocks to increase and just believed this housing bubble would just continue to climb. Japan has done that, and others and it invariably causes a major economic crisis because real estate is such a large market.
Thank you, I am so glad I am not the only person wondering where the hell they are going to get this "Guaranteed Repayment" from?
Call me Naive, but I would like to know, in the simplest format possible, EXACTLY what their entire plan is start to finish. I would be willing to bet, based on some of the other brilliant decisions made by the government, that if they put it in it's simplest form and propose it that way, there will be a lot more opposed.
They leveraged because they were so focused in on quarterly profits and keeping that bubble going as well as their new unregulated shadow banking system which enabled them to keep losses off the books. Read about how derivatives work and how one didn't even need to have the money on hand to back up the asset while one collected the insurance premiums on those assets.
last I saw on hydrogen is it's more expensive to produce and costs more in energy than it outputs (except for Iceland which has all of that free steam).
How about doing a diary on why you think hydrogen can even work and do an overview on precisely how Iceland has made it work?
I'd be interested because everything I have read it's just another Bush hype machine to funnel federal dollars to private sector on some hydrogen scam initiative. The Spruce Goose of projects.
On your cousin, that would be a scream if you could get her on video singing that! Or a more serious note, sounds like someone deserves some musical/writing/creative education. Anyone who can do that at age 6 implies some ability in these areas.
An idea I am hearing floated is take the 700 billion and divide it up among the taxpayers -
think of all the car loans, student loans, mortgages, credit cards that would get paid off, thus alleviating the debt crisis.
As well as the new consumer spending it would generate - taxes would be paid in the form of sales taxes and the boost would aslo be taxed as income
It's easy to understand the source of this discrimination and I don't think this will stop any time soon, employers will always search for younger workers. I think the Government should do something about this and come up with some kind of motivations for employers that hire older people this way these people would benefit from considerable higher hiring chances.
Kim, PEO consultant
on accounting, but only going back to 2007. Fannie and Freddie have been known trouble for years.
on every news show (except Lou Dobbs who just had a completely inaccurate story on Acorn, that was not in the final bill, was though earlier)
anyway, they are screaming, ranting, raving, YOU MUST PASS THIS BILL or the GLOBAL ECONOMY WILL COLLAPSE!
Well, they fail to notice that it was expected to pass and the market was already down over 300 pts and that was in reaction to the current bank failures here and in Europe.
I think they are scaring people so badly they are creating their own Wall Street sell off panic.
Ron said it the best. The bailout is only a temporary fix for a much bigger problem. How long can you stick your finger in a damn, before either you get tired, or the dam continues cracking? He need a permanent solution. And consulting the same people responsible for the current state of our economy is ridiculous to say the least. Have we also forgotten that we are in a trade deficit nearing 6.9Trillion
.
We also need to address this issue. We need a bird's eye view of the market and understand the relationship between the key drivers of this problem, and further analyze how each affects another. I agree with you bring out the economists! Give Paulson a vacation.
We are getting very close to the election, so the chances of a huge bailout passing now is diminished. We are also getting very close to October, the traditional crash month.
In the end, the Republicans just saved the Democrats from making a huge political mistake. If the economy is going to crash, best it happen before January instead of after.
I think you're over-valuing what human labor (without any brain) is worth. In a day a person could create a tenth of a horsepower for an hour, and be totally exhausted. 76 watt hours for a really fit human, and maybe a few hours later they could do it again. Let's say they do this massive workout three times in a day, for five days, and make a single stinky kw-h worth 13 cents where I live. No good. Not going to make the energy a $70 TV is worth in any reasonable length of time, let alone pay for food or shelter or clothing.
Give humans infrastructure and training, and all of a sudden they can make energy wealth we currently value at $20 or more an hour.
So step one for your global energy economy, after getting rid of a few especially evil governments that right now steal from their citizens and murder them, is to invest in plugging in the globe. Plugging them to food, water, transport; plugging them into participation potential.
This is pathetic. I'm sorry, now she is on TV blaming the Republicans. No, Nancy, the bill was not the right approach!
I'm sorry but I suspect strongly there will be hell to pay by trying to turn this into political football instead of using Clinton's plan and putting together a plan that will actually work is what I would call a real out of bounds play.
These people will stop at nothing for power, their plan sucks, what does it take?
(disclosure I am a registered Democrat)
which is an exchange which decays and expires after a period of time. The fed of nations controls the money supply but having something with an expiration date you just added an additional complexity that probably would destabilize the entire global exchange system.
Just as NiMH batteries can't hold a charge indefinitely (well, duracell is working to change that, but that's beside the point), what we need is liquidity that can't be saved.
Yes, a standard increase in the money supply will result in a devaluation of the money.
But if you have money that destroys itself after a period of time- that can't be saved- that must be spent- that's where my idea comes in. An infinite supply of money- but banks are impossible.....
See Bernanke, he just increased it but realize when you increase the money supply, you can devalue it...
money is just an index, it's just a ratio exchanger for goods and services. Each economy is national, the world is organized in a series of nation-states with governing laws within them.
Money supply basics.
devaluation.
Money in an of itself is not a "thing" as I suspect you are looking at, it's much more of an indicator of "other things" it's simply a universally accepted barter item.
it's deriviatives. They creating these various Collaterized debt obligations (CDO's) which "insure" a default, so then they leveraged more to make money...thinking this new house of cards protected them....well, just like any hurricane and insurance company...if you wipe out an area that insurance company has to pay up and if they don't have the capital available to pay up....they go bust and piss off a lot of people.
that is the situation, a $65 trillion dollar situation.
Look at derivatives as insurance policies. So even worse, those selling these insurance policies look at them as assets because they collect premium payments on them...
but in truth, because the underlying asset is in default (in the case of homes, foreclosure or devaluation) those underlying assets are actually a liability (that means a negative or minus on the books).
Vote myself off the front page- I think it happened when I formatted my article. In fact, I'm fairly sure I mistook the "voting" control for a "move the line that breaks the preview from the full article" control....
But my point was more that the amount of leveraging can't be housing alone. Housing is just the bubble that burst the camel's back, to mix my metaphors a bit. There's way more to it than just housing- there seems to be an oversupply of labor itself.
Thus the suggestion that perhaps our current currency supply is inadequate to handle a globally transfinite economy.
What I'm trying to eliminate more is the entire idea of scarcity; in a truly "one world order" global economy there's really no need for the concept. There is always "enough", the question becomes is there any need for more?
gets almost all of its power from Hydro and geothermal energy. This is a unique situation. Plus, AFAIK there isn't a working hydrogen infrastructure in the country.
did you mean to vote your own blog off of the front page?
You have a -1 vote and those votes control where content is displayed on the site. A down vote means you don't want a particular post on the front page and even published.
I don't think the leveraging occurred at all in refusal to let deflation happen. If anything they were out to keep the bubble going because they are completely focused on short term profits. They had to get their stocks to increase and just believed this housing bubble would just continue to climb. Japan has done that, and others and it invariably causes a major economic crisis because real estate is such a large market.
Thank you, I am so glad I am not the only person wondering where the hell they are going to get this "Guaranteed Repayment" from?
Call me Naive, but I would like to know, in the simplest format possible, EXACTLY what their entire plan is start to finish. I would be willing to bet, based on some of the other brilliant decisions made by the government, that if they put it in it's simplest form and propose it that way, there will be a lot more opposed.
They leveraged because they were so focused in on quarterly profits and keeping that bubble going as well as their new unregulated shadow banking system which enabled them to keep losses off the books. Read about how derivatives work and how one didn't even need to have the money on hand to back up the asset while one collected the insurance premiums on those assets.
I think there's a deeper cause that we're not all seeing....
last I saw on hydrogen is it's more expensive to produce and costs more in energy than it outputs (except for Iceland which has all of that free steam).
How about doing a diary on why you think hydrogen can even work and do an overview on precisely how Iceland has made it work?
I'd be interested because everything I have read it's just another Bush hype machine to funnel federal dollars to private sector on some hydrogen scam initiative. The Spruce Goose of projects.
On your cousin, that would be a scream if you could get her on video singing that! Or a more serious note, sounds like someone deserves some musical/writing/creative education. Anyone who can do that at age 6 implies some ability in these areas.
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