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Home country: USA
Current location: Georgia
Member since: Tue Feb 10, 2004, 12:08 PM
Number of posts: 35,750

About Me

Environmental Scientist

Journal Archives

Billionaire Sez “America’s lifestyle expectations are far too high and need to be adjusted"

Billionaire Jeff Greene, who amassed a multibillion dollar fortune betting against subprime mortgage securities, says the U.S. faces a jobs crisis that will cause social unrest and radical politics.

“America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence,” Greene said in an interview today at the World Economic Forum in Davos, Switzerland. “We need to reinvent our whole system of life.”

The 60-year-old founder of Coral Gables, Florida-based Florida Sunshine Investments said his biggest fund was up more than 20 percent last year with bets on Apple Inc. (AAPL), Google Inc. (GOOG), bank stocks and mortgage-backed securities.

“I’m remarkably long for my level of pessimism,” he said. “Our economy is in deep trouble. We need to be honest with ourselves. We’ve had a realistic level of job destruction, and those jobs aren’t coming back.”

Greene, who flew his wife, children and two nannies on a private jet plane to Davos for the week, said he’s planning a conference in Palm Beach, Florida, at the Tideline Hotel called “Closing the Gap.” The event, which he said is scheduled for December, will feature speakers such as economist Nouriel Roubini.


Boston mayor bars city employees from criticizing the Olympics and the ACLU is ‘concerned’

Source: Washington Post

If you don’t have something nice to say about the Olympics, don’t say anything at all. That’s pretty much the gist of a new legally binding joinder agreement Boston Mayor Martin Walsh entered into the with United States Olympic Committee as part of the city’s Olympic bid. One part of it forbids certain citizens from voicing or writing (but at least not thinking) critical views of the Games or the city’s bid.

“The city, including its employees, officers and representatives, shall not make, publish or communicate to any person, or communicate in any public forum, any comments or statements (written or oral) that reflect unfavorably upon, denigrate or disparage, or are detrimental to the reputation of” the Olympics Games and its respective committees, said a copy of the agreement obtained by the Boston Globe on Wednesday. “The city, including its employees, officers and representatives, shall each promote the Bid Committee, the USOC, the Bid, U.S. Olympic and Paralympic athletes and hopefuls and the Olympic and Paralympic movement in a positive manner.”

The American Civil Liberties Union of Massachusetts responded on Twitter that it is “concerned about #freespeech issues involved” in the agreement and says that the organization is “looking into it.”

Read more: http://www.washingtonpost.com/blogs/early-lead/wp/2015/01/21/boston-mayor-bars-city-employees-from-criticizing-the-olympics/

The Art of Belichick

Luckovich Toon- Deflated

Republican Poor vs. Democratic Poor

(If you are a ) Republican Poor=only 1 good pair of shoes. Living on a farm with phone service, TV, heat, land, animals.

(If You are ) Democratic Poor= Only if you live on the street, no cell phone, no housing, rags for clothes. You aren't poor if you have a roof over your head, and heaven help you if you have a refrigerator and a microwave! That's middle class!

At least, that's how Repubs seem to see it.

Richest Country on Earth. Yet some celebrate people being so poor.

That to me is the real story. Senator Ernst brags about starting out poor, and wants to make sure that more people stay that way. The truth of her story doesn't matter as much as the fact that a lot of people support that philosophy.

Shouldn't we be embarrassed that, with all the riches that this country has, we can't be bothered to provide a basic, dignified life for all Americans?

Wednesday Toon Roundup 3- The Rest



Ted Cruz

Scott Walker

Economy and Environment


Wednesday Toon Roundup 2- Taxes, Toons, and War



Wednesday Toon Roundup 1- State of Disunion

How Local Sales Taxes Target the Poor and Widen the Income Gap

In his State of the Union speech, President Obama will outline a plan to overhaul the federal tax code. His objective will be to reduce inequality in the tax structure, but even if these reforms are enacted, they might only help marginally, says Matthew Gardner, executive director of the Institute of Tax and Economic Policy. That's because they wouldn't address unfair tax systems at the state and local levels.

"At the state level, we're redistributing income away from poor people and giving it to rich people," says Gardner.

A new report released by ITEP illustrates just how bad the problem has become. The chart below, from the report, shows that the poorest Americans pay nearly 11 percent of their income in taxes. By comparison, the wealthiest only pay a 5.4-percent tax share.

Of the three main forms of state taxes—sales, property, and income—the sales tax hurts the poor most, says Gardner. State sales taxes are highly "regressive," he says. That is, they end up taking a bigger chunk of change from people that have smaller sums of money and slower income growth.


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