From Bloomberg:
Boomers Turn On, Tune In, Drop Out of U.S. Labor Force
When Robin McLane’s generation hit public schools in the 1950s, there were never enough classrooms or teachers to accommodate the bulge, she said. So she’s not surprised about the latest shock that boomers are delivering to the U.S. economy.
“People all around me, relatives and friends, are either retiring, or they’re finding it’s very difficult to find work anywhere from 55 on,” said the 65-year-old, who lives in Portsmouth, New Hampshire, and retired from her job as a high school literacy specialist in June. “For me, I was ready to move on.”
The share of Americans in the labor force, known as the participation rate, is hovering around an almost four-decade low as the population ages and discouraged job seekers give up looking for work. Federal Reserve research shows retirees are at the forefront of the recent exodus, which blunts the impact of policy aimed at boosting the economy and workforce.
In the two years ended 2013, 80 percent of the decrease in labor force participation was due to retirement, according to calculations by Shigeru Fujita, a senior economist at the Federal Reserve Bank of Philadelphia. And while the number of discouraged workers rose sharply during and after the recession, the group’s ranks have been roughly unchanged since 2011.
That tilts the debate on whether the participation rate can fully rebound alongside the improving economy, as retired workers are unlikely to re-enter the workforce, said Michelle Girard, chief U.S. economist at RBS Securities Inc., in Stamford, Connecticut. A tighter supply of workers means wage pressures would build faster than otherwise, something Fed Chairman Janet Yellen may watch as a leading indicator of inflation, Girard said.
First
If this is the case, I’d imagine that we’d see a significant portion of inventory returned to market as retirees downsize or migrate. If 80% of the decline is due to retirees, this is well above forecast, and it means retirees are leaving the workforce faster than they had expected to.
hopefully straight to hell those statist hypocrytical, jackwagons
If this is the case, I’d imagine that we’d see a significant portion of inventory returned to market as retirees downsize or migrate.
So, where’s the inventory?
I find it amusing folks think this is a new issue.
My first job on Wall Street fresh out of college it was easy to notice my floor at one Battery Parkl Plazza head three hundred employees. Folks over fifty we had like two of them. Folks 40-50 maybe three or fout, Folks 30-40 we had like maybe 5-10. Folks under 30 we had like 280 out of 300 folks. Even then the management training program I was in kept talking about having a career at EF Hutton. However, we were in business almost 90 years and we had 20 years of previous management training class and one may ask where did all the “old” folks over 30 go?
Before you say EF Hutton Sucks. Back in the days EF Hutton was like Goldman Sachs, Merril Lynch, Brown Brothers. Back in the Great Gasby days folks like Barbara Hutton was the richest woman in the world. Dina Merril who I met at a party is a direct relation to the founders of General Mills, Merril Lynch, Woolworth and EF Hutton. So where did all the folks go. Mind you we used to joke EF Hutton in entire history of fim up to 1987 never laid off a single employee. No one lay off. However, you could be fired for cause. 12 hours days with a 15 minute lunch break got you 8% raise twice a year but I actually saw folks have complete break downs. The good jobs required tons of stress, lots of travel, long hours or physical labor and folks over 50 unless they had some cushy union job which must did in the 1950s to 1970s they did not last too long after 50.
4 – That’s why I asked.
I’m seeing a lot of NY/NJ/CT plates here in south Florida and the Keys.
My realtor who sold me my current house who sells a ton of houses told me by me inventory was very low last two years and is expected to shoot up a lot in a few months. She is advising folks to sell now not wait till spring.
I asked her what happened. She said Snowbirds usually list in Spring. Folks near retirement or retired moving down South. She said nearly all her snowbird folks who list in the Spring decided not to list in the Spring of 2013 as the huge amount of cheap damaged properties killed the comps and folks were afraid to buy anywhere near a flood zone.
Now the damaged houses are all fixed. Many back on market and selling at double so comps are back. Two houses right near my house. One sold for 160K after storm just sold for 290K and another that sold for 235K just sold for 380K. Both both cheap for cash by flippers, fully remodeled. All the dumpsters, FEMA, contractors are pretty much gone. She has folks who have a house empty for over one year and it is all hitting markets for Spring. She said she would list them now but folks are in Florida and they want to get back to spruce it up first.
The older folks near me are sitting on all the larger houses. I got the cash to fix my house from the grant. However, the 50K I got a few weeks ago it would be like 70K to do it 100% right. Or it would be like 20K to do it just to sell it. I rather just move.
Also I think in NJ and NY the whole slow slow grant process stopped progress on the 60K damaged houses in Sandy. You need to own the home to get reimbursed. If I sold last year I would have ate 50K. Same thing I bet for tons of the other houses near me. Everyone is getting checks now, folks took their casualty losses, supplemental insurance claims have been settled and our property taxes have all been grieved. Spring 2015 to Spring 2016 it is game on. Sell Sell Sell.
Folks who took casualty losses, got grants, got insurance checks and property tax refunds we are good to go. My house looks much much better since Sandy. New Den, new Bathroom, new laundry room, new furnance, new sewer pump, new oil tank/ Spring I am putting on new storm door, getting deck sanded and painted and resheet rocking garage and laying new floor in my extension. It will look great. A newlywed couple wtih a 40% mortage are good for a nice 10 year run.
We may even get some Jersey folk buying. My block looks five times better than pre-sandy with all brand new cars in driveway and folks redid houses really nice.
Going to be a big Spring Selling Season. So big I think prices will start high but as volume hits market prices will start to fall as it cant absorb all the inventory.
There are virtually no long term rentals available in Key West
I got a business plan, letting you on in early. Think Logan’s Run – The Carousel Stadium
Xanadu Meadowland rebranded as ” Xanadu Carousel – “Where the Boomers go BOOM” .
I got to copyright the concept.
Godzilla, go tell mom and dad or did you eat them already
Keys were great fun, wish I had picked up a place during the blow-up.
Isnt that where all the fruit loop navy guys hang out? There used to be a navy ship called the “love boat” years ago that docked there.
Grim says:
February 10, 2014 at 9:47 am
Keys were great fun, wish I had picked up a place during the blow-up.
Glad you enjoyed it. Next time take a trip in the summer months. Less crowding, water is calmer for kayaking, snorkeling, ferry to the Dry Tortugas.
“Going to be a big Spring Selling Season. So big I think prices will start high but as volume hits market prices will start to fall as it cant absorb all the inventory.”
Here in CT, you don’t have a good product at a good price now then you will be f-ed. Inventory built up significantly between July-Dec. Most are still there or pulled. New listings all have common theme-everyone wants 525k, be it a 2bd condo, 1300 sq ft ranch or 1700 colonial. It makes no sense that these are all priced the same. This tough winter will be last straw for old prunes hanging on to fantasy prices. Patience will be rewarded
End of the world Flappy Birds edition.
I have an iPhone 5 with the game on it if anyone wants it. Buy now in the next five minutes and get it Half Price for $40k.
http://blogs.marketwatch.com/themargin/2014/02/10/iphone-with-killed-flappy-bird-reaches-80000-on-ebay/
I’m not planning to sell out for another 7 or so years. Then, I will get rid of everything I have in NJ, except my grave plot. I pay to this state a combined total of $42k annual property taxes alone. The grave plot is tax exempt (so far!).
i just hope that 20 year cycle of RE boom/bust/boom returns around 2021.
Yeah…but don’t some RENEW … at least in theory…or is that the come on….
Godzilla with a business plan says:
February 10, 2014 at 9:38 am
I got a business plan, letting you on in early. Think Logan’s Run – The Carousel Stadium
Xanadu Meadowland rebranded as ” Xanadu Carousel – “Where the Boomers go BOOM” .
I got to copyright the concept.
You guys really think all this inventory is coming to the market this spring? If you’re not a qualified seller, how can you sell?
I told you……
chicagofinance says:
February 9, 2014 at 10:57 pm
At least none of you is going to top the Boss’s property taxes…..
$145,901.53
xolepa says:
February 10, 2014 at 10:39 am
I’m not planning to sell out for another 7 or so years. Then, I will get rid of everything I have in NJ, except my grave plot. I pay to this state a combined total of $42k annual property taxes alone. The grave plot is tax exempt (so far!).
Chi:
Part of the Business Plan is a Credit Default Swap cross-trade with x 2500 pay out, combined with Boomer’s Asset Repo done by the Goldman Sachs trading desk’s Clean Out The Muppet Division.
The deal is if you “renew” Goldman Sachs will make good on its CDS of multiply your assets x 2500. If you don’t renew Goldman Sachs keeps the boomer’s assets
Maybe they can’t sell, but they can certainly put it up for sale. Just raise the asking price…
19.Fast Eddie says:
February 10, 2014 at 10:58 am
You guys really think all this inventory is coming to the market this spring? If you’re not a qualified seller, how can you sell?
[15] everyone wants 525k
I bet they do, especially empty-nester boomers with a paid off mortgage. $25K to the realtor and $500K for their pockets. Maybe I was a year off when I said this last February:
The Original NJ ExPat says:
February 27, 2013 at 11:03 am
[6,7 & 16] JJ, JJ, & Nom – Yes, yes, & yes.
As Nom said:
Demographic shifts mean less family and household formation at the same time that the boomers retire and sell their suburban homes;
I believe this is THE biggest headwind. The well-heeled boomers WILL sell. I’ll go a step further and predict, once again, that they will crush the market from the top down. I think a couple years ago I coined it the prime crisis. A few days ago I illustrated a chain reaction of three nice houses that changed hands and $1 million dollars left the market, not as losses, but as profits of homeowners selling down. Top-down crush, coming to a train town near you.
The Original NJ ExPat says:
February 27, 2013 at 11:08 am
[23 cont’d] A paid off house to a retired, empty-nester is nothing more than a less liquid form of retirement savings, $500k of appreciation even falls into a couple’s pocket untaxed. When the early sellers start moving the price down watch how quickly the late sellers follow en masse.
So what is a “normal” inventory level? Can’t compare to 2005 era, since people were listing houses just to strike it rich.
Demographic shifts mean less family and household formation at the same time that the boomers retire and sell their suburban homes;
This statement is contradictory, think about it.
2001 is a good reference year – you may need to adjust for an increase in housing units.
I’m sure that Hollywood is going to stick this into the remake…….didn’t the city have “elders”?
Godzilla with a business plan says:
February 10, 2014 at 11:27 am
Chi:Part of the Business Plan is a Credit Default Swap cross-trade with x 2500 pay out, combined with Boomer’s Asset Repo done by the Goldman Sachs trading desk’s Clean Out The Muppet Division.
The deal is if you “renew” Goldman Sachs will make good on its CDS of multiply your assets x 2500. If you don’t renew Goldman Sachs keeps the boomer’s assets
That part I was quoting Nom, but if you approach the question from a “How can that be so?” perspective, it’s very plausible, if not outright evident.
1. I think the Demographic shift is twenty-somethings staying home, returning home, and perhaps raising their own families in their parents homes –> Indicates falling (inflation-adjusted) home prices.
2. Boomers selling their houses to get out from under tax burdens but selling int0 a market with not enough buyers willing to accept those same burdens –> Indicates falling (inflation-adjusted) home prices. (Just because they’re selling, and buying down, doesn’t mean their 35 year old non-rent-paying tenants aren’t going with them to Florida).
If you approach the premise from a steadfast belief that prices can’t fall appreciably, then it’s contradictory.
Demographic shifts mean less family and household formation at the same time that the boomers retire and sell their suburban homes;
This statement is contradictory, think about it.
part of reason homes are not selling are kids have no reason to move out. They talk to friends via text, facebook, email twitter etc. and usually meet up when they do in public places, gym, bar, beach. Also guys and girls seem to not have serious girlfriends or boyfriends and parents are more liberal.
Honestly, I had my own place in my 20s as there was no social media, texting or emialing and girls back then lived at home way more than men. Which ment to hook up you needed to take them someplace. AKA my apt.
Also I noticed kids go away with BF or GF a lot more at an younger age and the BF or GF is more of a groupe thing booty call type arrangement to split costs.
Also kids today get much more vacation and flex time, and work less hours and have parents who both work.
Case in point train ride home the other night before snow storm girl in city called up guy pay for a bootie call in Long Beach claiming she most likely did not have work the next day and they can hang out all day.
She then got into a big fight with guy as he did not want her staying over as he had something to do later. She then said no problem I can come over we can hang out and you can go out with friends I can just stay in bed. Then it came out he was hooking up with another girl. Funny stuff.
(more loans are needed!)
The 2011 graduation rate for full-time, first-time undergraduate students who began their pursuit of a bachelor’s degree at a 4-year degree-granting institution in fall 2005 was 59 percent. That is, 59 percent of full-time, first-time students who began seeking a bachelor’s degree at a 4-year institution in fall 2005 completed the degree at that institution within 6 years. Graduation rates are calculated to meet requirements of the 1990 Student Right to Know Act, which directed postsecondary institutions to report the percentage of students that complete their program within 150 percent of the normal time for completion (that is, within 6 years for students pursuing a bachelor’s degree). Students who transfer and complete a degree at another institution are not included as completers in these rates.
https://nces.ed.gov/FastFacts/display.asp?id=40
That is, four out of 10 do not manage to complete their studies in six years.
Now folks, step back a second, because the price you’re quoted is predicated on four years of work. Inflate it by another 50% if there are two more years required!
That little scam, incidentally, is not new. Colleges are notorious for setting scheduling up such that it’s nearly impossible to get a gatekeeping class (one that’s required to progress in your major) at the point in time where it would usually fall. This forces the student to take an extra semester worth of work (at an additional cost of another semester’s tuition, room and board!) and the problem only becomes more-acute if there is any interruption in progress (such as a class you fail or have to withdraw from for any reason.)
By the way, if you think the tony private and very exclusive institutions are particularly better in this regard you’re wrong. Private, non-profit colleges (those nice expensive highly-credentialed ones) still have a one third failure rate after six years, or just marginally better than the 59% completion rate overall.
Guess what the numbers are for 4-year completion? Less than four in ten.
At a four-year public institution? 32% or about one third. Non-profit? 52%, better, but still nearly half do not finish “on-plan” and therefore on cost. For-profit? 36%, or about one third.
http://market-ticker.org/akcs-www?post=228399
Other thing is good jobs like Goldman, JP Morgan etc., less often hire folks with only four year degrees.
When they do they are looking for folks who graduated on time from a good school. Not graduatiing on time is a redflag. An extra semister or even one year is not horrible but six years to graduate is crazy in their minds.
Thing about this folks in the Accounting Program at SJU send me some resumes. Kids were doing joint five year CPA/MBA programs while working part time. I got one resume I gave to two buddies who both interviewed her.
She had like a 3.8 was 22 and graduatting with a Accounting Degree, MBA in Finance and already Passed CPA exam. She worked 40 hours a week in summer, 20 hours a week in winter at an accounting firm. She was president of accounting club and volunteer to do tax returns for low income people.
KPMG, PwC, Grant Thorton, CS and Wells Fargo all wanted her. First generation Aisan with no connections and a St. John’s degree. No ivy league.
These firms wont look at a guy or girl six years trying to do a undergraduate.
Guess what the asian girl said on her CS interview about salary when asked. She said salary is not important at all to me. I want a job at a good firm like yours. I live at home in my Moms house, have no student loans and take subway to work so to keep costs low and allow me to focus all my efforts on work without distractions or the need to bother boss for higher salary to cover my costs.
Can you say hired?
Manufacturers Change Look of AR-15; Rifle Is Now Legal in New York State
http://www.nationalreview.com/corner/370733/manufacturers-change-look-ar-15-rifle-now-legal-new-york-state-charles-c-w-cooke#!
By Charles C. W. Cooke February 10, 2014 11:50 AM
Pass a stupid law, get a stupid result. This, Clash Daily reports, is a remodeled AR-15, and it is legal in New York despite the state’s “assault weapons” ban:
When the opponents of “assault weapon” bans argue that it is preposterous for the state to ban firearms based on the way they look, they really mean it. It is. The rifle in the photograph above is no more or less powerful than the one that has been banned; it just looks different. And, because the SAFE Act was, typically, interested only in cosmetic questions, a simple change to its aesthetic rendered the rifle legal once more. As Clash Daily’s Jonathan S. explains:
Prototypes for the newly designed AR-15 are hitting gun shops across New York, as gun shops and machinists have designed a rifle that complies with the anti-gun law. At least one gun shop has received a letter from state police saying that the new AR-15 style rifles should be legal in the state as long as they don’t have some of the features that the law prohibits.
The new gun law bans all kinds of semi-automatic rifles that have been labeled with the “assault” term even though these are very common rifles and are no more powerful than the average hunting rifle.
Features like adjustable stocks, pistols grips, and flash suppressors has been deemed to be unlawful on these rifles, mainly because it makes them LOOK mean. And we all know how little these anti-gun lawmakers really know about guns, as the “Ghost gun” video illustrated.
The new AR-15 design did away with the pistol grip which gives the gun an odd paintball gun look. The stock is fixed as well, but at least New Yorkers now have a legal way to own an AR-15, a fact which is still driving some gun control activists mad.
Reading this story, one would almost conclude that legislation that deals only with the superficial and the irrelevant is inherently silly. Curious.
Fewer people are killed with all rifles each year (323 in 2011) than with shotguns (356), hammers and clubs (496), and hands and feet (728).
6 job offers and she will accept a low salary? She sounds like a fool. I would never give up personal details about my life. What next? Don’t give me a bonus bc I don’t need it? Plus I know plenty of unemployed CPAs who worked at CS, RBS, UBS. The diff is that they are not shiny and new..or stupid enough to take lowball salary.
UaEubf lbwycocukcxw, [url=http://mzjwcmcbmhsb.com/]mzjwcmcbmhsb[/url], [link=http://gabhqdqdyegg.com/]gabhqdqdyegg[/link], http://jbbvqhtosiiq.com/
(31) I guess JJ likes hiring stupid people. Stupid is as stupid does. That girl will learn REAL FAST what her true value is. The only way she can get her compensation to go up in the short term is to switch jobs. JJ, thank the girl for giving her a great learning experience on your (er. your company’s) dime when she hands you a resignation note.
Here is my commentary on job market for non-first Gen asian CPAs who live at home with Mom:
-one agency called me for second time in two weeks. I told them my salary is 150k for Sr. PM role two weeks ago. They had Sr. PM jobs but 115k max. Told them to stop calling me. I make way more consulting.
-Another called for Sr. PM with 10+ years managing global FX, Mm, liquidity projects. I told them 150K and they said oh, we are looking for someone jr. Really? More like Sr. exp but jr. pay.
I think this correction in the SL (at the bottom of the article) is a nice metaphor for NJ politics in general:
“An earlier version of this story incorrectly stated Drewniak referred to the Port Authority’s executive director as a ‘piece of crap,'” the correction said. “While Drewniak did call him a ‘piece of excrement,’ it was David Wildstein who referred to the executive director as a ‘piece of crap.'”
http://www.nj.com/politics/index.ssf/2014/02/after_bridge_scandal_chris_christies_fiery_spokesman_recedes_to_the_shadows.html
#35,
Exactly. JJs company will hire her thinking they got a deal and she will be gone within 2 years. JJ will then be doing TRACE reports himself.
Thought this comment, from that article street justice posted yesterday, was interesting.
“I keep repeating: It doesn’t matter who is in charge. There is no option available to any person or party other than to print more and more money. The actual dollars floating around the USA is nearly double what it was in 2009. the definition of inflation is “an increase in the money supply”. And yet we have no inflation. Right.
When the other party takes over again, I hope you remember your post here. There is nothing anyone can do but continue to prop up a failing economyand hope to get out of office before the collapse. I am glad you at least mentioned GWBushes $700 billion bail out of Wall Street. But it really wasn’t Bush’s call. Remember Paulson was the head of the Federal Reserve and admitted just pulling that number out of the air because it sounded big enough. Three pages he used to sell that idea to an unsuspecting Bush. Wall Street is the real enemy here, not any one or the other presidents.”
http://news.yahoo.com/us-economy-may-stuck-slow-lane-long-run-160408168.html
39
Why did you write it? There’s just enough correct as there is incorrect for us to think so.
Bridgegate probe to check Christie chopper rides
http://nypost.com/2014/02/10/bridgegate-probers-will-look-at-christie-helicopter-rides/
Charlie Sheen and I pay them to go away. Folks you get your best work off a worker from years 1-4. After year five they go stale.
Now folks who are rock stars you get cheap after year two if you think they are leaving just give them a 150% bonus increase but make it mainly 2 year vesting stuff. But then you have them 4-5 years so you either promote them or they leave. But usually we often hit down years. So sometimes it is a 2008-2011 or 1988-1992 or 2001 to 2003 and they cant time their exit.
TRACE report is for suckas. When I did consulting I loved the bang the FOCUS report to find ways to free up net capital. Clients loved it when you massaged the focused report just right to free up investable cash. And I even gave a hot towel and a mint to the FINOP after I was done.
38.Bystander says:
February 10, 2014 at 2:11 pm
#35,
Exactly. JJs company will hire her thinking they got a deal and she will be gone within 2 years. JJ will then be doing TRACE reports himself.
What makes you think I am training her. Other then knowing I like ketchup on my egg sandwich and milk in my coffee and learning the Jets Offensive and Defense I had no plans on teaching her anything. I would hire interns or history majors if I felt like being a tour guide.
Actually given my age and my second in charge or even my managers the next opening for a kid out of school she or he could almost work the whole career at one place. All they need is a good 2-4 years run before anyone leaves. Then they can eaisly out last me and my second in charge. Trouble is I am not leaving for at least 15 years so the next hire better be young.
35.xolepa says:
February 10, 2014 at 1:35 pm
(31) I guess JJ likes hiring stupid people. Stupid is as stupid does. That girl will learn REAL FAST what her true value is. The only way she can get her compensation to go up in the short term is to switch jobs. JJ, thank the girl for giving her a great learning experience on your (er. your company’s) dime when she hands you a resignation note.
Another week, same jj drivel.
JJ good boss. He hire me long time.
[28] expat,
Thank you, but I was momentarily confused until I noticed that you referred to a post from a year ago.
Ugh. Just checked my watch and my 4:00 is coming up. Back to the salt mines.
Nom,
I stumbled on this bit of pain while searching for that post (which you’re sure to enjoy):
The Original NJ ExPat says:
February 14, 2013 at 8:36 pm
C’mon Nom. Red Sox fans had their chance as winners, but after the short elation they found that losing their identity as “woe is me” losers was not worth the spoils. Now Red Sox Nation has collapsed back into their comfortable ancestral home of mediocrity and choking. Time to restore order to the universe with another run of Yankees World Championships.
I would rather see a coronal ejection than a Yankees win in 2013. EMP I can handle; insufferable Yankees fans (yes, I know, redundant) are a different matter.
Comrade Nom Deplume, the original maker of Scungilli Roll says:
February 14, 2013 at 8:56 pm
[88] expat,
Sorry, you seem decent enough but I wish you eternal misery where the Yankees are concerned.
You are hired. Now back me some cookies.
45.Me workie so cheap says:
February 10, 2014 at 3:32 pm
JJ good boss. He hire me long time.
Feb 10, 2014
Bruce Springsteen & The E Street Band Makes Exclusive Return to the BB&T Center on Tuesday, April 29
Tickets to go on sale Saturday, Feb. 15
COUNTRYWIDE CAP III SB CAP-B
8.05000% 06/15/2027
Bid Price 119.930 Ask Price 122.021
Chifi Can you believe Country wide bonds trading at 122!!! OMG this stuff was at 50 cents on a dollar five years ago Plus you would have got 8% coupon for five years on top of that.
A mere 50K purchase would be worth 122,000 today and you would have got $42,000 in interest to boot.
Born to Run was Springsteens Peak and that was 1975. Darkness on Edge of Town was ok but by the time Born in the USA came out he was commerical junk.
I saw him in the Garden when I was in HS and it rocked. I saw him again a few years later he was first show when Devils new stadium opened (now their old stadium) and he was really good. Last I saw him was in 1998 and he was pretty bad. Folks in parking lot looked like Jimmy Buffet aged fans. Apparantly he has not got a new fan in 30 years.
He used to be a lot cooler in the day. When I lived in the city back in the Crackheads and Hos day he used to catch a train to Penn and grab a cab over to the 20s where there was a recording studio so something he was around my nieghborhood by himself on a regular day. Now for some reason he is way less famous and he thinks he is sometype of big shot.
Jets just reduced all ticket prices in UD today. Imagine row five which is row on UD EZ is $65 a seat and row one 50 yard line is $110 a seat and junky UD seats are $50.
Really Jets sell season tickets with no PSL in the front row of UD EZ Corners for $65 a ticket. That is same price as around a decade ago.
Look in the mirror, grandpa.
JJ says:
February 10, 2014 at 4:23 pm
Last I saw him was in 1998 and he was pretty bad. Folks in parking lot looked like Jimmy Buffet aged fans
Grandpa!!!! This week I am getting ready for the 100 day of school party.
My youngest is celebrating her first 100 days of school. Funny they do that in first grade and it is exciting wait till they do it for their 2,000 day of school.
Actually I am very lucky I dont look old. I just had a physical and you can tell when you are getting old. I put down I am on no medications and have never been hosplitlized and have no medical issues other than some alergies. Guy goes ok then sees my age asks me again. Then I tell him, then he says some folks lie. I go really nothing wrong with me. You now what 25 years ago I would have got a pat on the back. Now I get cross examined.
54.joyce says:
February 10, 2014 at 4:36 pm
Look in the mirror, grandpa.
JJ says:
February 10, 2014 at 4:23 pm
Last I saw him was in 1998 and he was pretty bad. Folks in parking lot looked like Jimmy Buffet aged fans
Here is my feel-good post of the day (sarc). To all the working schleps, I rent in wealthy CT town and they just hired a guidance counselor for one middle school. His base salary? 170k plus full benefits..just wow. How does that make you feel?
I’ll give you props if you bought it in the summer of 2008…otherwise any jerkweed could have done the same…….most of my CTW stuff has rolled off, although I have some 16’s
JJ says:
February 10, 2014 at 4:17 pm
COUNTRYWIDE CAP III SB CAP-B
8.05000% 06/15/2027
Bid Price 119.930 Ask Price 122.021
Chifi Can you believe Country wide bonds trading at 122!!! OMG this stuff was at 50 cents on a dollar five years ago Plus you would have got 8% coupon for five years on top of that.
A mere 50K purchase would be worth 122,000 today and you would have got $42,000 in interest to boot.
Bystander,
I guess the guidance counselors fall under the administrations payscale and not the teachers?
Bystander,
I guess this guy is guaranteed to help get kids into Ivy League colleges and stay out of drugs?
Here’s a model guidance counselor: Mr. Mackey singing “It’s easy M’Kay” providing life lessons for kids
https://www.youtube.com/watch?v=6wJXBUfcIOE
The End Is Nigh (Ivy League Edition):
Dartmouth Freshman Applicants Drop 14%, Prompting Scrutiny
By Michael McDonald Feb 10, 2014
Applications to Dartmouth College dropped 14 percent as fewer students from the Northeast and Midwest sought places in the freshman class.
Applications for the Class of 2018 fell to 19,235, which is down from a high of 23,110 two years ago, prompting a study into the unexpected decline, the Hanover, New Hampshire-based school said on its website.
The trend mirrors one reported last week by Harvard University, which had a 2.1 percent drop. While Dartmouth said the decline probably reflects the demographics of fewer high school graduates attending college, it will still conduct a survey to determine fluctuations in applications.
“While we are thrilled to have another exceptionally strong pool of potential students, we take the decline in applications seriously and are investigating the causes,” Tommy Bruce, a spokesman, said in a statement released Feb. 7.
The drop comes as Philip Hanlon, who took over as Dartmouth’s president last year, is seeking to improve the image of campus life after it was tarred by revelations of fraternity hazing and student complaints to federal regulators about s-xual harassment. The college announced last week it was opening a center for prevention of s-xual assault and violence.
Diverse Pool
While applications fell, Dartmouth said the pool was more diverse with students of color accounting for 37 percent, while about 70 percent of all applicants said they would need financial aid. The school also said that the applicants had the highest ever average SAT and ACT test scores and that 80 percent of them were in the top 10 percent of their high school classes.
Beginning with the Class of 2018, Dartmouth will no longer accept high-school Advanced Placement courses as credit toward graduation, which may have influenced some students’ decision not to apply.
The number of U.S. high school graduates began to fall with the class of 2012, according to a report last year by the Western Interstate Commission for Higher Education. Dartmouth said it received 20 percent fewer applicants from the Midwest, 15 percent fewer from the Northeast and 20 percent fewer from international applicants.
“About 80 percent of college freshmen attend college within 200 miles of their home, and 90 percent remain within 500 miles,” Dartmouth said in the statement. “Given that New England is losing college-bound population, this suggests that the application numbers may be a result of broader trends.”
[48] expat,
Indeed I did.
[161] redux,
And now that I’ve met you, I stand by my words. You are decent enough, a real mensch, but I wish you, and all Yankees fans, eternal misery where that team is concerned.
Oh, and Arsenal fans too.
50 who gives a phuck his voice sounds like a bag of gravel
Here is my feel-good post of the day (sarc). To all the working schleps, I rent in wealthy CT town and they just hired a guidance counselor for one middle school. His base salary? 170k plus full benefits..just wow. How does that make you feel?
I’ve seen this happen in other districts in NJ. Mind you, they aren’t able to get 170k because of salary limitations but they simply start them out on the max salary instead of making them work 15 to 20 years to get there. It’s great to be friends with the superintendent.
joyce,
Yep. Here is our Board Selectman on the new counselor. Truly a moron..
“The question was raised, ‘Why isn’t this done by the school social workers?’ There is clearly an integration of what school social workers do, but this is really to add value and to penetrate deeper into the student body.
“Again, it’s $170,000. It’s real money, no question. But it’s $170,000 out of a budget of about $400 million.
More like penetrate deeper into the taxpayer’s rear..
Nom,
I see myself becoming a real football fan in the near future. I saw a Chelsea match in my early 20’s, not appreciating what it was. But now thanks to my almost 10 year old, I am quickly getting into Soccer (sell me on Newcastle). I’ve enjoyed watching my daughter’s intensity in 1-1/2 years of U10 travel enough to now finally understand the game enough that it catches my eye on bar TVs. For the last few weeks she’s been playing in a Futsal league (which is more akin to hockey with line changes every 5 minutes), but there are these women’s teams that play on an adjacent indoor turf field that are just spectacular to watch close up. I’d say they are age 25-30 and man, can they play. They play 6v6 on something pretty big, but less than a full football pitch. I guess it’s the closest I’m going to get to fast, sweaty 25-30 year old lassies.
Oh, and Arsenal fans too.
So because the budget is an order of magnitude higher than it should be that justifies another outrageous/pretty much criminal expenditure.
lovely
[67] expat
Newcastle fans are an absolute blast. Always a party. Went to watch a game with the NYC group and it was infectious. I was hooked. In Philly, we shared a bar with Chelsea fans and they were pathetic. We had better turnout than them IN THEIR OWN BAR. We now share a bar with Broad Street Blues, the MCFC supporters club and they are okay but not near as much fun as we are.
Other than that, the team is sort of comedic, and following them is like following the Bengals. Or the Jets.
#67 ExPat
“sell me on Newcastle”
Sorry it took me a while to stop laughing at this comment. As a Yankee fan in Boston why would you ever consider supporting the equivalent the Kansas City Royals? Or as SAF put it so succinctly, that “small northern club”
When Eddie Ray describes the atmosphere of a carToons game, he is talking 20 people in a pub. In NYC Arsenal we put out 500 across two pubs. In Boston there is a good group of 200. http://www.bostongooners.com/ Head down early on a Saturday, take in a game and make up your own mind.
#70 redux
Eddie Ray, coming soon
Love the logo!
http://phillygooners.com/
Chelsea fans: where were you when you were shit?
The attractions to Newcastle:
1. You will not be rooting for sad Mackems bastards Sunderland.
2. Party with Geordie Army. OK to get so drunk you can’t talk. Geordies can’t talk when they’re sober.
3. Connections with the ’95-’96 side, possibly the best team not to win the EPL. A better side than Man U…but Fergie got into Keegan’s head, and they caught us.
4. Opportunity to hate the worst owner in pro sports, Mike Ashley.
5. Opportunity to wish death on Joe Kinnear (I’ve backed off that now that he got sacked).
6. Shearer. One of the top 5 English players ever, and the all-time EPL leading scorer.
Arsenal fans = prawn sandwich-eating poofs
Love the way Arsenal lay down and took their beating at Liverpool.
#74 Clot
As bad as the Makems buried the Canoli?
I’ll lay off #72, no point being mean.
#67 Expat
They play 6v6 on something pretty
Six a side is the most brutal game in the world. For the most part skills are secondary there is no respite and unless you are really fit you will get destroyed. When I played you developed coping mechanisms. When I got the ball from my goalie, I would launch a long lob from my half. A lot of times I would find their goalie off their line scrambling back. If I didn’t score it at least kept them back enough that the next pass down would give me a breather.
Next is playing six a side on a full length field. At least you know the other side are hurting as hard as you are.
#73 Clot
That was Rockin Roy and the MUFC faithful!
[67] expat,
You can hang with people like me or people like Fabian.
I think that should make the decision easy.
Can’t speak for Boston but 20 in a pub describes regular turnout Philly, a group in its first full year. And yes, I did (help to) build that. Haven’t seen the Gooner group anywhere.
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