In NJ, if you have a stalker you can’t sell the house. In SF, if you find a dead body during the home inspection, nobody cares.
From HousingWire:
Corpse found in $1M San Francisco house for sale – Price could go higher
A mummified corpse of the homeowner was found in a Lake District Victorian house for sale in San Francisco, according to an article from SocketSite.
The article explained that the homeowner’s daughter, who was living in the house, was a hoarder.
Despite all this, the home still received a bid of $1 million, and the final price could go higher.
As the mother’s death was never reported, the sale will require court confirmation. And while the $1,029,500 bid for the house has tentatively been accepted, interested parties will have an opportunity to bid higher at the probate hearing for the estate, the date for which has yet to be scheduled.
@alexburnsNYT:
Donald Trump, June 16: “When did we beat Japan at ANYTHING?”
From SocketSite:
Corpse Found Inside Hoarder’s Home (UPDATED)
A hazardous materials team is busy trying to empty the trash-filled home at 152 4th Avenue. And while the detective on the scene couldn’t comment as an investigation is underway, according to a tipster, it appears as through the corpse of the former owner might be inside, which would explain why the property taxes haven’t been paid in a number of years and the home was reportedly foreclosed upon.
From our tipster:
“Someone finally went in to see the status of [the] home and the smell of the place was overwhelming. Apparently the owner was in there and has been dead for 7 yrs. A “not sane” vagrant has been living in the house for sometime with her dog [and] garbage is piled from ceiling to floor as the vagrant…never took out garbage.”
UPDATE: According to a neighbor, the reported “vagrant,” a severe hoarder who has been hospitalized, is actually the daughter of the homeowner. And according to the daughter, her mother’s death was never reported and the hazardous materials team is clearing the house to see if the body is inside.
And while property taxes haven’t been paid for a few years, it doesn’t appear a tax lien foreclosure has occurred.
Global X FTSE Greece 20 ETF
straight down baby
Greece should appoint Yanni to be the head of the ministry of finance, the dude can play a wicked keyboard. I hear the Germans really like him. Maybe we can convince Hasselhoff to have a chat with Merkel? Perhaps a joint concert? Band-Aid circa 1984? Saaaave the Greeeeks, Saaave the Greeeeks, Do they know it’s pension time at all?
A chuckle from the earlier thread:
There are very few parts of Palmer Township, if any, that could be considered “executive” or even upper middle class. Unless you mean Bethlehem Township by the country club on Palmer’s border and don’t know the difference. Clearly this guy is trash, cheap, and stupid if he has scary Basking Ridge/ ATT muckety muck cash and spent it in Palmer. Even in the “nicer” neighborhoods like Crest Blvd, you’re buying into a town that’s 80% post war capes on tiny lots. Or did he need to be walking distance to a KMart and mega thrift store?
Splat What Was He Thinking says:
July 6, 2015 at 9:09 am
You can count the former comptroller of ATT as one of those “cheap old men”. When his property in Basking Ridge got reassessed a few years back, I moved him lock, stock and barrel to Palmer Twp, PA. Whole thing took four months, and we jammed his BR property up the arse of some schnook who’s prolly already sorry he bit.
“Who complains about taxes besides cheap old men? I don’t hear too many people bitching, only the complainers that complain about everything.”
Curious…when exactly does Germany plan on repaying its debts from the two World Wars? Since they care so much about the perils of debt forgiveness.
I can get behind forcing Germany to pay the remaining reparations… from the wiki:
In 1942, the Greek Central Bank was forced by the occupying Nazi regime to loan 476 million Reichsmarks at 0% interest to Nazi Germany. In 1960, Greece accepted 115 million Marks as compensation for Nazi crimes. Nevertheless, past Greek governments have insisted that this was only a down-payment, not complete reparations.[1] In 1990, immediately prior to German reunification, West Germany and East Germany signed the Two Plus Four Agreement with the former Allied countries of the United States, Great Britain, France, and the Soviet Union. Since that time, Germany has insisted that all matters concerning World War II, including further reparations to Greece, are closed because Germany officially surrendered to the Allies and to no other parties, including Greece. On Sunday, February 8, 2015, the Greek Prime Minister, Alexis Tsipras appeared in front of the Greek parliament and officially demanded that Germany pay further reparations to Greece.[2] On April 6, 2015, Greece demanded Germany pay it the equivalent of $303 billion in reparations for the war. Germany replied that the reparations issue was resolved in 1990.[3]
The Germans paid some modest reparations to my family, but not even a drop in the bucket to what they stole and looted. Bastards.
While they are at it, Poland as well. Communist Russia had no right to waive Poland’s right to reparations.
The German’s were the recipients of a magnanimous gift from the US. They caused so much damage to so many people and it was all forgiven. The Germans really should have some perspective when negotiating with the Greeks and need to realize some debt needs to repudiated, REAL economic and tax reforms are needed, NOT cutting the pensions of elderly greeks who are already suffering reduced payments. Southern europe needs economic investment and incentives to create jobs and also needs to modernize it’s economic(mostly labor) laws. Austerity is not the answer, money needs to be shifted from the bloated government to the private sector.
Poland got the shaft during and after WII, not only was it brutalized and largely destroyed by the Nazis, then after the war the Soviets continued the abuse. They suffered under Soviet and German aggression and the end of the war didn’t stop it.
Speaking of Greece and Poland, it would be an interesting comparison on a global finance perspective, Poland having not yet dumped their currency versus Greece who adopted the Euro. Would be interesting to understand what role this played in either situation, Greece’s inability to spur growth, and Poland ranking at the top of European growth, avoiding recession almost entirely. Poland kept the central bank and allowed it’s currency to float, and not peg. Greece was all in. Perhaps Greece dumping the Euro is a good idea.
work shall set you free
jcer says:
July 6, 2015 at 10:17 am
The German’s were the recipients of a magnanimous gift from the US. They caused so much damage to so many people and it was all forgiven. The Germans really should have some perspective when negotiating with the Greeks and need to realize some debt needs to repudiated, REAL economic and tax reforms are needed, NOT cutting the pensions of elderly greeks who are already suffering reduced payments. Southern europe needs economic investment and incentives to create jobs and also needs to modernize it’s economic(mostly labor) laws. Austerity is not the answer, money needs to be shifted from the bloated government to the private sector.
Jcer? Do you know why there are very few stadiums in Poland?
“I think the market is underestimating the impact of greek default. The Germans need to get it in gear and bailout Greece if we want the party to continue. Things are way too levered for 250 billion to go up in smoke and there not to be widespread negative effects across Europe.”
Jcer,
Greek economy itself is a joke. It’s the contagion that is a concern. Let the chips fall where they will I say.
This was a big topic for discussion for us in the mid 90s, I was in Krakow at Jagellonian University for a summer program, one of the topic tracts was the post-communist Polish economy. One of the major discussions was whether or not the EU experiment would ultimately fail as a single central bank would require a complete elimination of cultural and patriotic tendencies. Seems prescient. I think generally, back then, EU inclusion was looked at as a major positive for Poland.
Widespread default across EU and increased austerity are a positive for US.
In the past we’d usually need to send soldiers and airplanes to destroy foreign manufacturing and economic powerhouses. Suppose this time we can let them just do it themselves.
Grim [7];
Sure… NOW they want reparations; but its not about the money, I’m sure.
Sharpton is taking notes.
Prior to adopting the euro, consumer borrowing costs in Greece were around 13%. Who coulda thunk that low interest rates could cause systemic problems?
Perhaps high inflation rates and currency debasement were the offset to historic debt loads?
I used to live in debasement.
@BernieSanders: College tuition is free in Germany, even for citizens of other countries. It’s also free in Denmark, Sweden, Finland, Ireland and Mexico.
The Greeks are lazier than the Puerto Ricians
According to the World Bank, tertiary enrollment in Germany is only 46.3% compared to 72.6% in the United States.
So what you are saying is that we should grant free tuition to less than half of college applicants in the US – who will be the best and brightest, and tax 100% of the population to pay for it? This would pretty much mean all bottom tier colleges would need to close. These would be your local/community colleges.
This is somehow better? Deny someone an opportunity for post-secondary education? You sure you want this? Eliminate 30% of the US college enrollment entirely?
Having the EURO as a currency and low interest rates were definitely factors in Greece’s downfall. Without access to cheap credit the government wouldn’t have been able to blow all of that money on the Olympics. The poland comparison is interesting, although Poland compared to Slovenia is more apt, as to what happens when an eastern bloc country goes to the Euro, it absolutely raises costs for manufacturing and makes it harder to compete against the more modern and efficient Germans. Using the Zloty is a big plus for keeping costs down and making Poland a good country for making things. Slovenia hit a wall when they moved to the EURO, costs are now close to other EU countries and economic development has slowed. Poland should keep the Zloty until they want to slow the pace of economic development.
@BernieSanders: College tuition is free in Germany, even for citizens of other countries. It’s also free in Denmark, Sweden, Finland, Ireland and Mexico.
You’re asking liberal college professors to spew their utopian bullsh1t without the bloated income to adorn their ivory towers?
Seems kind of silly to doom someone to a life of poverty by removing their access to college, and at the same time expect them to pay for the college education for a bunch of kids who will inevitably end up much better off economically.
Colleges are free in Greece too. I wonder why the Colonel left that country off the list. Baa!
Free college would need to be much more utilitarian from a facilities perspective, which is probably a good thing. Every time I drive by Montclair they are building a new building, fancier than the last. Is the purpose of the tuition to pay for the education, or to fund the construction of an elaborate campus? Lest I remind everyone of the $219,000 Kean conference table fiasco.
While everyone was so focused on the fact that they spent $219k on a piece of furniture, nobody asked how much the room/atrium the table sits in actually cost, which is probably north of $3 million from what I’ve seen.
Frankly, some folding tables and chairs in the gymnasium would accomplish the same purpose, unless of course the purpose was to build a castle and not just provide a space for meetings to take place.
http://www.theblaze.com/stories/2015/07/05/man-dies-after-attempting-to-shoot-fireworks-from-top-of-head/
Greek men still live at home as they don’t want to leave their Mother’s behind.
#2..can you point me to the link…numbers I have always seen was that 50% of HS grads went to college and about 60% of those got degrees..giving us our 25-30% of pop. with college degrees
Nearly 40 percent of working-aged Americans now hold a college degree, according to a new report from the Lumina Foundation. In 2012, 39.4 percent of Americans between 25 and 64 had at least a two-year college degree.Apr 22, 2014
Now if you are talking a bachelor degree or greater only 30% of population has one
70% of Americans don’t have college degree, Rick Santorum says
By Katharina Fiedler on Wednesday, April 8th, 2015 at 10:00 a.m.
Rick Santorum, a potential candidate for president in 2016, argues that the Republican Party is not offering enough for America’s workers. The former senator from Pennsylvania said Republicans need to improve in reaching out to these voters on CBS’s Face the Nation on April 5, 2015.
[29] grim
Uni in Europe is a stripped down affair. No dorms, few facilities, no sprawling campuses, no BS courses, and no sports whatsoever. Also, your uni is usually inclusive of grad school for professions like law.
Also, rigorous admission standards–in Europe, yhey only educate the best and brightest, and they won’t give you a coveted uni spot just because your grandparents endured hostility.
Read something on Sweden which said that there was essentially no university dorms/housing, you were expected to rent locally. Thus, even in Sweden with “free college”, students were graduating with similar levels of debt as US college graduates.
[24] grim
Don’t let the facts get in the way of a good internet meme.
Rather, enjoy it as we see those dim bulbs brighten just a bit. Remember the joy you felt when your baby or toddler put something together for the first time? How it warmed your heart to see their little faces light up when they recognized a causal connection?
Same thing.
Nom: You in EMass? Good…we can burglarize your home in PA…thx
“Nom: You in EMass? Good…we can burglarize your home in PA…thx”
Too late.
[39] libturd
Damn, you ruined the surprise.
JJ!!!! Great News!!!
http://start.toshiba.com/news/read/category/US/article/the_associated_press-court_georgia_official_can_set_vidalia_onion_packi-ap
Right so we are at 30%, which, when I hear of income inequality are we concerned about income inequality within that 30% holding a 4 year degree or the inequality between degree holders and the rest of the population which may , have at best, a HS diploma?
Sounds like JJ can finally get them when they’re young.
42 – Income inequality between 4 year degree holders and non-degree age cohorts.
I would imagine if you plotted this, the gap for older age groups is small, while the gap for younger age groups is huge.
30 years ago, a high school drop out could find a manufacturing job and start a career/gain experience. Those jobs don’t exist anymore. No first job, no experience, no reason for anyone to employ them.
We’ve gotten to the point where dropping out of high school is basically a lifetime guarantee of poverty.
We’re quickly getting to the point where graduating high school doesn’t guarantee you really much better, it certainly doesn’t entitle you to anything that resembles the mythical middle class.
Comrade,
What a free country we live in when a Georgia commissar can force farmers not to ship onions until a date he specifies.
Does the recent raisin case threaten the constitutionality of stuff like the Vidalia Onion Committee as well?
The Vidalia® Onion Committee (VOC) administers Federal Marketing Order #955, Vidalia onions, with oversight by the United States Department of Agriculture. This legislation and thus the Vidalia® Onion Committee office was established in 1989 under the Agricultural Marketing Agreement Act of 1937 and is codified in Title 7 Code of Federal Regulations (CFR) Section 955.
The VOC has authority to assess a mandatory assessment on all handlers in the production area to fund production research, marketing research and development, and marketing promotion programs, including paid advertising.
The VOC administers the federal marketing order locally and consists of eight producer members and their alternates and one public member and an alternate. Committee members serve staggered two-year terms of office that begin January 1. Half of the producer members are nominated each year. Members are Limited to three two-year terms of office. Producer members are nominated by producers at an industry-wide nomination meeting.
Graduating high school is normally a prerequisite for attending college. There might be a few high schools doing vocational/technical training that could get someone into an ok career. Some people mention plumbing, electricians, other construction/maintenance trades making ok to good money.
Unfortunately, I suspect most high school people who aren’t going to university, also don’t receive any practical trade education, in the US.
Successful tradesmen are generally successful because they are successful small business owners, and not because they possess the knowledge necessary to sweat a pipe. The barriers erected for small businesses directly translate into the potential success of these individuals, and the ability for someone to be successful and make a living in the trades.
It should very much be a fear for all of us that we create a situation where these small trades-based businesses can’t exist at small scale, due to the regulatory and tax burden we place on them.
45. Cut it out Ragnar. You know what those onions do to JJ.
[45] ragnar,
You know, I’m just not so into vidalias that I care.
#47 [grim]
“Successful tradesmen are generally successful because they are successful small business owners, and not because they possess the knowledge necessary to ______(fill in the blank).”.
I know several very skilled and experienced tradesmen that can barely keep up with their mortgage payments. Matter a fact I’m doing a job with one next Saturday. Great guy and so skilled (with his hands) it’s almost unbelievable, but I don’t think he can count change.
[24] What part of this isn’t win-win grim? The other half get to go directly to work, instead of going directly to debt (maybe converting community colleges to condos?) Don’t most community college students just lie to their parents that they went to school instead of getting high somewhere else anyway?
So what you are saying is that we should grant free tuition to less than half of college applicants in the US – who will be the best and brightest, and tax 100% of the population to pay for it? This would pretty much mean all bottom tier colleges would need to close. These would be your local/community colleges.
My experience with community college was very different than my preconception of it. I couldn’t get a few classes that I needed to graduate at Montclair so I did one of those Summer crash courses (15 day-long sessions) at Middlesex County College. Not only was the course much harder than nearly any of my other courses at Montclair, but all of the students appeared way more dedicated. Maybe it was the Summer that did it or the fact that most were not born here, but there was no passing if you didn’t study.
Too funny. Nice post.
I think of cheap as a disease. Sad disease. One of the cruelest diseases out there. Makes you obsessed with accruing money, yet at the same time, makes it torturous for these individuals to spend and let go of it. Straight up torture not being able to spend your own money. Always saving for that rainy day, but that rainy day never comes because the disease won’t allow it to come. What a waste.
Ottoman says:
July 6, 2015 at 9:49 am
A chuckle from the earlier thread:
There are very few parts of Palmer Township, if any, that could be considered “executive” or even upper middle class. Unless you mean Bethlehem Township by the country club on Palmer’s border and don’t know the difference. Clearly this guy is trash, cheap, and stupid if he has scary Basking Ridge/ ATT muckety muck cash and spent it in Palmer. Even in the “nicer” neighborhoods like Crest Blvd, you’re buying into a town that’s 80% post war capes on tiny lots. Or did he need to be walking distance to a KMart and mega thrift store?
Splat What Was He Thinking says:
July 6, 2015 at 9:09 am
You can count the former comptroller of ATT as one of those “cheap old men”. When his property in Basking Ridge got reassessed a few years back, I moved him lock, stock and barrel to Palmer Twp, PA. Whole thing took four months, and we jammed his BR property up the arse of some schnook who’s prolly already sorry he bit.
“Who complains about taxes besides cheap old men? I don’t hear too many people bitching, only the complainers that complain about everything.”
Based on this evidence, you have no choice but to laugh at Germany’s position. Can’t even take it seriously.
Ottoman says:
July 6, 2015 at 9:50 am
Curious…when exactly does Germany plan on repaying its debts from the two World Wars? Since they care so much about the perils of debt forgiveness.
Well said!!
jcer says:
July 6, 2015 at 10:17 am
The German’s were the recipients of a magnanimous gift from the US. They caused so much damage to so many people and it was all forgiven. The Germans really should have some perspective when negotiating with the Greeks and need to realize some debt needs to repudiated, REAL economic and tax reforms are needed, NOT cutting the pensions of elderly greeks who are already suffering reduced payments. Southern europe needs economic investment and incentives to create jobs and also needs to modernize it’s economic(mostly labor) laws. Austerity is not the answer, money needs to be shifted from the bloated government to the private sector.
#52…take a look at the faculty at Bergen Community College, these are all ex industry giants that made a “billion” dollars and now teach for fun (to give back)..like ex Ivy league grads who were CFOs, etc…I am exaggerating a bit but not much…..
The whole “Germany vs Greece” storytelling is missing the point. Greece has had decades to liberalize its economy, but chose not to. EU membership gave the country more ability to borrow than it previously had, and they took full advantage to borrow & spend, without investing much capital in productive enterprises. Instead, they grew a bloated bureaucracy, voted themselves generous pensions, and hoped there would never be a reckoning day. If a group of 3 friends with supported Pumpkin’s deficit spending for 20 years, and Pumpkin kept on borrowing more money from them every year, promising he’d pay them back someday, but he started missing his monthly payments, and he’d already borrowed beyond a reasonable multiple of his annual income, then these 3 friends would eventually have to sit down Pumpkin and work out terms and conditions of his repayments, coupled with tips on lifestyle changes.
[52] Harder than Montclair? Astonishing!
Seriously, though, I had a first rate Summer microeconomics course, taught by the head of the department, at County College of Morris. Rutgers Summer courses at the time were great too. They had FOUR two week sessions. You could earn 4 credits in 2 weeks! It was impossible to fall behind because your mid term was next week.
My experience with community college was very different than my preconception of it. I couldn’t get a few classes that I needed to graduate at Montclair so I did one of those Summer crash courses (15 day-long sessions) at Middlesex County College. Not only was the course much harder than nearly any of my other courses at Montclair, but all of the students appeared way more dedicated. Maybe it was the Summer that did it or the fact that most were not born here, but there was no passing if you didn’t study.
If I were Greek I would be collecting a pension starting 3 years ago and I wouldn’t have paid any taxes starting 30 years ago.
Spoke to some old colleagues today and found out my old company is outsourcing all their A/P functionality to Costa Rica. So the jobs that were sent from NY to DE to save money are now being off-shored and outsourced. Feeling pretty good about that decision to cash in my menial pension now.
Lib of course said maybe now I can get a job with them when he retires to CR.
Re 57 –
Ragnar, again you ideology clouds your thinking.
Yes, Greece Govt and Greek people in general ran up their debts. To banks, big international banks like GS, UBS, DB, etc. As a banker you lending money someone is always a risk, a risk paid by interest rate paid.
The issue is not the above. The issue is that the ECB stepped in, created a debt swap. Where by the Greek Govt agreed to ECB issued debt. The money raised by the ECB went to pay off the big bankers.
This is nothing more than the equivalent of Timmy Geithner AIG/GS et al bail out.
To add more pain and injury to the situation. What the IMF/ECB want is societal restructuring that would make Ayn Rand spin at 5000rpm in joy. The IMF/ECB wants massive privatization of Greek Govt assets, which of course will be cheap to the initial bankers/investors. Here lies bail-out number 2.
See the book about economic hit mens.
57, the issue is this isn’t a business transaction, nobody in their right minds would have lent to the greeks as a business transaction. If they want to save the EURO and get some of that money back they need to right greek economy first and austerity isn’t going to do it where the government basically is the backbone of the economy, there needs to be a shift and cutting the junky off cold turkey will kill the patient.
Pumpkin & Footstool (53)-
I think of spendthrift as a disease. Most people of the WWII generation (like my former ATT comptroller pal) do, too. Not surprisingly, they will be the last generation of Amerikans to accumulate actual wealth. I find it sad (yet wholly predictable from a couple of self-entitled pea-brains such as yourselves) that you ridicule someone who put several children through college, was a community leader and rose to an executive position in a company that used to actually benefit customers and society at large.
An associate of mine found my friend a really nice spread in Palmer Twp. that both met his needs for retirement and allows him to this day to live in the comfort of knowing that he isn’t being leeched dry by a state in which he has no compelling reason to live, mostly because of the fact that his former municipality and the state gubmint have conspired to bleed people like him dry in the service of sleepwalking municipal drones and the various entitlement classes.
Most of us know enough to check ourselves for ticks when we go into the woods and to remove those little bloodsuckers if we find them. Should you two nincompoops enjoy the sensation of being (symbolically) leached of all bodily fluids, please feel free to let as many thirsty, diseased insects of this type latch on and drain you dry.
All in the name of preserving the optics of being a willing taxpayer.
Baa!!! Baaa!!!
“Too funny. Nice post.
I think of cheap as a disease. Sad disease. One of the cruelest diseases out there. Makes you obsessed with accruing money, yet at the same time, makes it torturous for these individuals to spend and let go of it. Straight up torture not being able to spend your own money. Always saving for that rainy day, but that rainy day never comes because the disease won’t allow it to come. What a waste.
Ottoman says:
July 6, 2015 at 9:49 am
A chuckle from the earlier thread:
There are very few parts of Palmer Township, if any, that could be considered “executive” or even upper middle class. Unless you mean Bethlehem Township by the country club on Palmer’s border and don’t know the difference. Clearly this guy is trash, cheap, and stupid if he has scary Basking Ridge/ ATT muckety muck cash and spent it in Palmer. Even in the “nicer” neighborhoods like Crest Blvd, you’re buying into a town that’s 80% post war capes on tiny lots. Or did he need to be walking distance to a KMart and mega thrift store?”
Obviously, the Greek situation now calls for professionals like Goldman Sachs to enter with a solution…
Idiot Punkin doesn’t realize that this is the same mentality that allowed his Grandma to pass on that 4-fam to him in a sweetheart deal. The endgame of thrift is not to protect against the rainy day to come, it’s to pass it all on to the next generation…tax-free and tax-deferred.
This guy should really be sent to some sort of high desert prison camp.
All Punkin will leave his kids are neuroses and sore bungholes.
On the Mass Pike last Friday, I saw a car pass me with a license plate that said “Galt [XX]” (cannot remember the number after Galt). And there was a bumper sticker that said “Atlas Shrugged was a warning, not an instruction manual”
I thought of Ragnar and his antimatter dopplegangers (whom I am picturing in my mind as a small group of annoying, yellow minions)
[6] footrest,
“Curious…when exactly does Germany plan on repaying its debts from the two World Wars?”
Perhaps Greece should invade Germany. That will end well. And I think you would make an excellent leader for the Greek offensive. What say you, Footrest? Want to channel your inner Leonidas?
I am no expert on the whole tradesman thing, but something tells me that a couple of things are missing around here. One is the investment and maintenance in infrastructure. I do see some work on the bridges i.e. the Skyway being re-habbed and with that you have work. Sure perhaps not a tunnel to NYC that was on the table and we agreed possibly not executed for the good of many. Or some such reaction. I on the other hand, think that the government should drive much of this work as well as broadband build-out. What say you?
@RBReich:
James McNerney retired a few days ago from his position as CEO of Boeing. Between 2005 and 2014, McNerney raked in nearly $250 million in pay.
His retirement package is $59 million.
During his reign at Boeing, McNerney squeezed Boeing engineers and machinists, and outsourced so much of its Dreamliner development that the plane came in three years late and had to be grounded for safety in 2013.
(Sources: Chicago Business, 6/27/15; EPI, 6/21/15; Sam Pizzigati).
Make no mistake: The economic story of our time is the Great Upward Redistribution.
From 2005 to 2015, Boeing stock went from about $50 to $150. Valued at about $100bn today. So if shareholder value increased by roughly $65billion over those ten years, the $300m shareholders paid the CEO they hired looks like a great deal. About one half of one percent of the shareholder value increase. I’d say he earned that money rather than “raked in” that money, though I don’t have much knowledge of how this guy performed versus his potential.
Of course the central planners of the Fed who decided to manipulate markets upward and erode the purchasing power of the dollar deserve credit too.
h grande gentilezza, ma con greataheminformation. Per tutto questo tempo, anche se aveva finito la cena, stava andando nervosamente sul suo piatto con coltello e forchetta, come se alcuni di essi erano ancora davanti a sé. ‘Sembrava dalla sua conversazione che aveva un giardino, anche se era delicato di menzionare in un primo momento,occhiali dior 2015, come giardini non arehemare accessibile a me. Ma è venuto fuori, attraverso la mia ammirando un bellissimo gruppo di gruppo geraniumbe
Robert Reich is a dwarf and a collectivist, as well as an apologist for continuing the bread/circus show for the Dumbocrats voter base.
In Anon’s world, everyone lives in poverty.
63-
Sure, it’s fashionable to be frugal. But sometimes severe frugality can morph into a serious mental disorder.
Do you or someone you know go beyond being a cheapskate? If so, you may have a money disorder — one that financial therapists call “underspending.” Here are some symptoms of a chronic underspender:
Avoiding the doctor so you don’t have to shell out the cash for the insurance co-pay.
Neglecting to pay for basic necessities in life, such as seeing the dentist or hiring a repairman to fix a leaking ceiling.
Worrying constantly about money even though you have healthy savings and little debt.
Taking advantage of others to save money, whether it’s leaving an embarassing small tip or constantly arguing about the quality of a provider’s service to try to get an item for free.
Refusing to invest in even low-risk options such as CDs or money markets.
Unlike those who are simply thrifty, chronic underspenders pass up purchases not because they enjoy saving money or making practical sacrifices to reach a larger goal — but because it physically pains them to part with cash. Their income makes no difference. Some are attorneys making $400,000 a year; others are waiters who make $20,000.
“Underspenders go without things they can afford, and they have trouble enjoying their resources,” says Brad Klontz, a financial psychologist and author of “Mind Over Money: Overcoming The Money Disorders that Threaten Our Financial Health.” “Severe underspenders neglect basic self care. They don’t go to the dentist or doctor because don’t want to spend the money.”
http://www.today.com/id/42276725/t/when-being-cheap-becomes-obsession/#.VZsTsHD3arX
No real justification of the kind of comp guys like McNerney pull down, but I sure as shit don’t want soci@list eggheads like Reich trying to set things right.
Besides, when the markets crash again, Boeing won’t be able to assemble paper airplanes, much less Dreamliners.
63- cont.
“Chronic underspenders hard to cure
Social scientists and psychologists who have studied the behavior believe that such spending tendencies develop early and are difficult to change. Americans raised during the Great Depression and Japanese-Americans who were interned during World War II can be classic underspenders. And, Klontz says, the current economy may breed a whole new generation of sufferers: the children whose lives changed dramatically for the worse after their parents lost their jobs or homes to the recession.
Many underspenders (sometimes called “over-savers”) live with a deep dread of financial ruin. “They’re convinced they’re about to go bankrupt no matter how much money they have,” says Kenneth Settel, a psychiatrist, psychoanalyst and consultant to executives in the Boston area. “They live by the phrase, ‘But I might need it someday.'”
Sometimes, their decisions aren’t rational. They may put off maintenance on their home or car, or drive across town to save a few cents per gallon on gas. They often buy only the cheapest available items — which are typically more likely to break and force them to go back to buy another, costing more time and money in the long run. Some underspenders have tens of thousands of dollars sitting in a bank account or under a mattress because they aren’t comfortable with the risks of investing it. They’re also likely to have relationship problems, especially if they marry someone prone to spending.
Tyler Tervooren, 26, of Portland, says he was a classic underspender until recently. Though he was making $56,000 a year as a construction manager, a job he hated, he was living on only $18,000. “I was putting off buying things that would make a positive difference in my life because I didn’t want to spend any money,” he says. “I was really into creating music, but wouldn’t allow myself to buy anything I needed to do that. I wanted to travel, but I was afraid to spend the money.”
After Tervooren got laid off last year, he started his own business. Though he’s making less money, he says he’s a lot happier, and that helped change his thinking. “Before, I really didn’t like my job, so I had this must-save mentality,” he says. “Now, I’m still frugal, but I’m much more open to spending on things that enrich my life.” Just last week, for example, he spent $1,000 on a trip.”
Punkin (75)-
Please clarify what kind of straw man you’re trying to construct.
77- splat— exactly what you described, but you fail to realize it’s a disease. You don’t live forever. Missing out on life by not spending when you are financially well off is insanity. But continue to idolize individuals with a terrible disease. No one says to spend like crazy or spend what you don’t have, but having issues letting go of your money is torture. Nothing to idolize.
Hell, I’m voting for this guy just to kick the hornets nest.
“Asked about the type of people who would make up his cabinet, Sanders ticked off the names of three liberal economists: New York Times columnist Paul Krugman, Nobel Prize-winner Joseph Stiglitz and former Bill Clinton labor secretary Robert Reich.”
Short the world and then Vote Sanders
As a former investor in Boeing, what they were able to do with the Dreamliner was nothing less than incredible. To blame the battery issues on outsourcing is akin to blaming Hilary’s abundance of wrinkles on her lack of sex and constant worry about who Bubba was going to shtup next and how she was going to cover it up.
Can we revive Che and get him in the cabinet too?
Pumpkin, I’m out there spending. Ammo costs money, you know.
Seriously, I want my consumer goods, booze, guns and ammo before protectionist policies, tax hikes and outright bans drive up the cost of everything.
[82] libturd
“Can we revive Che and get him in the cabinet too?”
Sure you can. He’s here and posting under the sock Ottoman
Uh oh.
My Kona supplier has run dry. Looks like they completely sold out. I feared this day would come. Anyone know of any other 100% Kona suppliers that are reasonable?
Ode to Greece and the Eurozone:
They got an apartment with deep
Pile carpet
And a couple of paintings from Sears
A big waterbed that they bought
With the bread
They had saved for a couple
Of years
They started to fight when the
Money got tight
And they just didn’t count on
The tears.
They lived for a while in a
Very nice style
But it’s always the same in the end
They got a divorce as a matter
Of course
And they parted the closest
Of friends
Then the king and the queen went
Back to the green
But you can never go back
There again.
Brenda and Eddie had had it
Already by the summer of ’75
From the high to the low to
The end of the show
For the rest of their lives
They couldn’t go back to
The greasers
The best they could do was
Pick up the pieces
We always knew they would both
Find a way to get by
That’s all I heard about
Brenda and Eddie
Can’t tell you more than I
Told you already
And here we are wavin’ Brenda
And Eddie goodbye.
Pumpty, what car if any did your parents buy you upon graduating high school?
My Kona supplier has run dry. Looks like they completely sold out. I feared this day would come. Anyone know of any other 100% Kona suppliers that are reasonable?
http://www.konamountaincoffee.com/
My favorite from my trip to the Big Island.
Alex,
They didn’t buy pumpkins a car and he’s been railing against chronic underspenders ever since. Underspending is pumpkin’s “rosebud”.
Rags,
Possibly, however my hunch leans the other direction. The way Pumpty rails against “underspending”, sounds like someone who’s been spoiled. Demanding and receiving most if not all of their wants. Someone who’s gotten used to that kind of lifestyle, and is surprised when not everybody is living that way.