2024-07-26
Why Humans Are Vanishing
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The falling birth rate is an economic issue. If the population drops, the incentives will change, either naturally or by fiat.
2024-07-24
Exclusive: Harris leads Trump 44% to 42% in US presidential race, Reuters/Ipsos poll finds | Reuters
2024-07-23
What's Life Like Inside A Japanese Prison? | Witness | HD Japan Jail Crime Documentary
2024-07-21
Kamala Harris vs Donald Trump 2024 Election Map Projection
I don't believe that Harris would lose the entire Rust Belt.
If HYPOTHETICALLY, the entire Rust Belt, VA, and NH went to Harris, we would have a 269-269 tie.
Not likely to happen.
2024-07-20
2024-07-19
New Rule: MAGA's Magical Thinking | Real Time with Bill Maher (HBO)
What World are We Living in?
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I think that it is likely that the assassin was a leftist. If not, he was at least someone who hated Donald Trump.
Trump Triumphs, Biden Leaves THIS WEEKEND?!
2024-07-18
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2024-07-16
The DARK Truth about BEARS
What Do Japanese Think of the Trump Assassination? (Street Interview)
2024-07-15
2024-07-14
Location of Trump Rally and Attempted Assassination on Google Maps
Roughly the view the shooter had of Donald Trump
Would-be Trump assassin had explosives in car parked near rally
2024-07-13
2024-07-12
This Delicious Food Regenerates Stem Cells For Longevity
2024-07-11
2024-07-10
Shipping Containers: The Box that Changed the World
It was inevitable that someone would invent something like this.
2024-07-09
Hackers Now Have Access to 10 Billion Stolen Passwords
2024-07-08
We don't even make adults until they hit 40
2024-07-07
2024-07-06
2024 Election Map Based On the Latest Poll
2024-07-05
2024-07-04
2024-07-03
Fwd: The world's and Nation's Debt
Debt burdens have grown so large — in part because of the cost of the pandemic — that they now pose a growing threat to living standards even in rich economies, including the United States.
Yet, in a year of elections around the world, politicians are largely ignoring the problem, unwilling to level with voters about the tax increases and spending cuts needed to tackle the deluge of borrowing. In some cases, they're even making profligate promises that could at the very least jack up inflation again and could even trigger a new financial crisis.
The International Monetary Fund last week reiterated its warning that "chronic fiscal deficits" in the US must be "urgently addressed." Investors have long shared that disquiet about the long-term trajectory of the US government's finances.
Debt is "not free anymore," he told CNN.
"In the 2010s, a lot of academics, policymakers and central bankers came to the view that interest rates were just going to be near zero forever and then they started thinking debt was a free lunch," he said.
"That was always wrong-headed because you can think of government debt as holding a flexible-rate mortgage and, if the interest rates go up sharply, your interest payments go up a lot. And that's exactly what's happened all over the world."
'Conspiracy of silence'
In the United States, the federal government will spend $892 billion in the current fiscal year on interest payments — more than it has earmarked for defense and approaching the budget for Medicare, health insurance for older people and those with disabilities.
Next year, interest payments will top $1 trillion on national debt of more than $30 trillion, itself a sum roughly equal to the size of the US economy, according to the Congressional Budget Office, Congress's fiscal watchdog.
The CBO sees US debt reaching 122% of GDP a mere 10 years from now. And in 2054, debt is forecast to hit 166% of GDP, slowing economic growth.
So how much debt is too much? Economists don't think there is a "predetermined level at which bad things happen in markets," but most reckon that if debt hits 150% or 180% of gross domestic product, that means "very serious costs for the economy and society more broadly," said Dynan.
The world is sitting on a $91 trillion problem. 'Hard choices' are coming | CNN Business
Tax revenue is a record at about 4.5 trillion the federal budget in 2019 was 4.6, it is now about 6.3. If we had the same spending as 2019 we'd have a balanced budget. We have a spending g problem
2024-07-02
PANIC! Will Democrats REPLACE Biden?
2024-07-01
Re: Why France is voting against immigration...France fires and vandalism after Sunday vote
On Jul 1, 2024, at 7:57 PM, Larry wrote:
2024-06-30
2024-06-29
Supreme court overturns previous judicial homeless madness
2024-06-28
2024-06-27
2024-06-26
2024-06-25
2024-06-24
2024-06-23
2024-06-22
2024-06-21
2024-06-19
Why This Tiny Jellyfish Is Much Worse Than You Think
2024-06-18
2024-06-17
2024-06-15
What REALLY Happens Inside Mainland China?
Some Reasons why People Suck
@john2001plus
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Hank,
AXE Peace | Call to Arms (Official Extended Cut)
2024-06-14
2024-06-12
Your dishwasher is better than you think (tips, tricks, and how they work)
2024-06-11
2024-06-09
2024-06-06
Conservatives Must Improve Their Ground Game To Win Big In 2024
2024-06-05
2024-06-04
Matt Walsh Attacks Voting Rights
2024-06-03
2024-06-02
2024-06-01
2024-05-31
Telomir Pharmaceuticals Announces Two Pivotal Milestones for Lead Product Candidate Telomir-1
https://www.morningstar.com/news/globe-newswire/9145781/telomir-pharmaceuticals-announces-two-pivotal-milestones-for-lead-product-candidate-telomir-1
1.2 trillion cost of regulations added in months...1.6 trillion total
There have been $1.6 trillion in costs imposed from a total of 923 new federal regulations that have been finalized under President Joe Biden, with $1.2 trillion of those being put in place in just the past few months, according to the JCN. In just the first two years of the Biden administration, new regulations are estimated to have led to an average of almost $10,000 in added future and present costs to American households, which could jump to $60,000 if the trend continues across a two-term presidency.
2024-05-30
Biden used pseudo name to send thousands of sensitive emails over private email
The new memos were released by the National Archives over the Memorial Day holiday weekend under a Freedom of Information Act lawsuit brought by the Southeastern Legal Foundation on behalf of Just the News that sought emails that Biden received or transmitted as vice president using his robinware456@gmail.com account.
While none of the newly released emails had classification markings on them, several included sensitive information transmitted over an insecure Google email account that could be of value to foreign powers and hostile spy agencies. The latest batch involved communications mostly from 2012.
Remarkable about face quotes
Levine now writes again, starting with "Mea culpa" and adds: "While I am still not a big fan of Trump, the last year has been such a disaster that we will not survive another four years of Biden's leadership. The border, the Trump persecutions, the economy and his deteriorating mental and physical state leave us no choice."
2024-05-29
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2024-05-25
What went wrong with capitalism
America is displacing Europe as the society least tolerant of financial distress for anyone, up to and including the super-rich
Rather than reversing the course of government, Reagan changed the conversation, which did often focus on a neoliberal agenda of cuts to taxes or deficits or regulation. But even when governments attempted to deregulate, the result was more complex and costly rules, which the rich and powerful were best equipped to navigate. By the 1980s, fearful that mounting debts could end in another 1930s-style depression, central banks started working alongside governments to prop up big corporations, banks, even foreign countries, every time the financial markets wobbled.
With good reason, progressives deride this new version of capitalism as "socialism for the very rich", but governments were doling out relief for the poor and middle class too. More than socialism for the rich, this is "socialised risk", a campaign to inoculate an entire society against economic downturns. Although still widely criticised as the land of "raw" Reaganite capitalism, America is displacing Europe as the society least tolerant of financial distress for anyone, up to and including the super-rich.
Something has been changing in the culture. Just as the American "revolution in pain management", which insisted on treating even moderate injuries with powerful opiates, was hooking the nation on OxyContin, its approach to economic pain management was addicting the system to a drip feed of government support. During the past two decades, the US fell from fourth to 25th in the Heritage Foundation rankings for economic freedom as both regulation and debt increased.
If the era of small government was a myth, then the majority who want government to "do more" would be wise to think twice. An even bigger government is more likely to magnify than ease their frustration with the dysfunctions of modern capitalism.