Being able to make, fix, repair, and build might be the most important skills to develop. We really only have each other, and I think we're all better off when we're able to be self-reliant when we need to be.
As Henry Jones famously said "and I taught you self reliance!"
Now studies are finding that the insults can have health consequences, especially if people mutely accept the attitudes behind them, said Becca Levy, an associate professor of epidemiology and psychology at Yale University, who studies the health effects of such messages on elderly people.
Oh dear LORD! So we're destroyed the younger generation by coddling them, and now we have to do it to the elderly? "My feelings are hurt! It's a health condition! WAAAAA!"
Bailout offers little hope to thousands facing foreclosure
12:20 pm EDT, Oct 3, 2008
"Only a small portion of problem loans," can be saved, said Deutsche Bank analyst Karen Weaver. "In some cases the lender is better off just taking back the property and just selling it."
Selling it for what? If the value has dropped, then you might as well let the owner refinance at the fair market value and stay in the home. If you flood the market with all of these foreclosed dwellings, the value is going to drop more and there aren't any buyers. This makes no sense to me. How can the American People subsidize a bailout of the PAPER HOLDERS when the owners of the collateral get screwed? WHAT IS WRONG WITH THESE PEOPLE???
We’re all connected. As others have pointed out, you can’t save Main Street and punish Wall Street anymore than you can be in a rowboat with someone you hate and think that the leak in the bottom of the boat at his end is not going to sink you, too. The world really is flat. We’re all connected. “Decoupling” is pure fantasy.
I totally understand the resentment against Wall Street titans bringing home $60 million bonuses. But when the credit system is imperiled, as it is now, you have to focus on saving the system, even if it means bailing out people who don’t deserve it. Otherwise, you’re saying: I’m going to hold my breath until that Wall Street fat cat turns blue. But he’s not going to turn blue; you are, or we all are. We have to get this right.
You're right Tom. We can't just hold our breath or ignore saving someone that doesn't deserve (or need) to be saved. But to take the deal that was offered, is just plain stupid. Paulson and Bernanke should ALSO go to prison for allowing the industry to try and sham the American People with this crappy deal. Fuck you.
Allentown has plenty of low-wage jobs. Nancy Wood is an administrator in a cardiac care practice affiliated with the local hospital. Wood, in her mid-50s and divorced, earns $22,000 a year. She rents an apartment and has no savings. "They're spending billions on the fat cats. What a total waste," she says at the end of her eight-hour shift. "Poor people like me, we never get that kind of help. I'm kind of down and out myself. Why can't they provide normal people with affordable health care instead? I haven't been to the eye doctor in seven years."
Lehman's Demise Triggered Cash Crunch Around Globe
5:07 pm EDT, Sep 29, 2008
To some, the government's decision to resort to a bailout represents a tacit admission: For all officials' desire to allow markets to punish the risk-taking that engendered the crisis, banks have the upper hand.
This is a good "play-by-play" of what has led up to a staggering power play.
Philip French on Paul Newman - an actor of true genius, and a man of great decency
8:13 pm EDT, Sep 27, 2008
He did, however, have certain foibles. Motor racing was his great passion, and he produced and starred in Winning, a poor movie with the Indianapolis 500 as its background; two years ago he provided an appropriately gravelly voice to oldtimer Doc Hudson, an ancient but well-preserved vehicle in Pixar's animated movie Cars.
There are too few men like you in this world my friend. You will be sadly missed.