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Showing posts from August, 2014

Disability is the new retirement

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Barron's cover story:
The share of the adult population, 16 and over, participating in the labor force is at its lowest level since 1978, at 62.8% and 62.9% in June and July, respectively. In a comprehensive study of trends in the workforce released in December, the Bureau of Labor Statistics said it expects a further decline in labor-force participation, to 61.6%, by 2022.




[...]

Do some of these people [dropping out of the labor force] have independent means? If so, their number is small. Census Bureau data show that in 2012, just 232,000 prime-age men, or 0.4% of the total cohort, had income from stocks, bonds, and real estate of $50,000 or more, while 76,000 enjoyed an investment income of $100,000 or more. Both figures should be enough to get by without income from a job. But we don't know how many of these men supplemented that income with work.

And evidence exists that some of these men may be doing any of a combination of the following: living off loans and stipends tha…

Ben & Jerry's preparing for shrinkage?

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We have long noted the tendency of packaged goods sellers to shrink packages in order to hide inflation.

Our friend Negocios Loucos points us to another possible instance.

When Haagen-Dazs shrunk their "pints" to 14 ounces a few years ago thanks to food cost inflation, Ben & Jerry's responded by labeling their ice cream "Still a Pint!"



... until now. A package recently purchased in the Northeast:

Real American Heroes

Doctor refuses to submit to Obamacare, instead provides quality, affordable free-market care.



News from the latest community re-organized by Obama

Bloomberg:
An alliance of Islamist militias said it wrested control of Tripoli’s international airport from a rival force after weeks of fighting that triggered an exodus of foreigners and threatened to plunge Libya deeper into chaos.



Libya’s defunct, Islamist-dominated parliament said it would temporarily resume its sessions, the state-run Libya News Agency reported, a move that may set the stage for dueling legislatures amid a leadership vacuum.



The fighting has battered Libya, undercut efforts to revive oil output in the OPEC member and dimmed hopes for a transition to democracy. It has sparked concern the nation, led by a largely toothless central government, will descend into anarchy and emerge as little more than a failed state controlled by militias.Who would have thought community organizing would be such relevant experience for a President?

Wait a minute

Obama is now bombing in Iraq the same ISIS terrorists he just wanted to help in Syria?