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Post by Ratty on Dec 1, 2014 6:21:25 GMT
Back from church where I spend the whole morning talking with a homeless fellow who is suffering the effects of isolation, poor nutrition, lack of shelter etc. Sad. I think he could work and I think he would take the work if not for the catch 22. It's hard to work without housing, living in the woods is not what an employer wants to see. Said he would enjoy learning a trade, would enjoy being a blacksmith. Australia has its fair share of homeless, some by choice (strange as it may seem). There is not enough community housing and some of what is provided is regularly trashed by the occupants. Wish I knew the answer .....
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Post by nautonnier on Dec 1, 2014 16:07:38 GMT
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Post by walnut on Dec 1, 2014 20:08:25 GMT
I don't know any easy answer either, it is still 99% up to those who are in the bad situations.
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Post by nautonnier on Dec 1, 2014 20:42:19 GMT
A few years ago I spent considerable time getting 3 people working for me Green Cards, and they spent a considerable amount of money and time jumping through hoops. All three had Masters degrees in various sciences one had an MS in Space Physics and an MBA. It took about 3 years of effort before they achieved permanent resident status. But someone with a criminal record can walk across the southern border with close to zero employability and the Administration falls over themselves to help. And they want reparations? One of the people I assisted was a South American Latino - and is NOT impressed. Perhaps the people that joined the line and did every hoop jump correctly should be first to get reparations rather than the illegals.
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Post by magellan on Dec 3, 2014 3:01:06 GMT
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Post by Ratty on Dec 3, 2014 7:00:18 GMT
Congratulations?
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Post by sigurdur on Dec 4, 2014 23:22:21 GMT
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Post by scpg02 on Dec 5, 2014 0:09:04 GMT
Try right clicking on the clock then paste the url as a picture. Not sure that will work but worth a try.
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Post by glennkoks on Dec 5, 2014 4:17:03 GMT
Sigurdur, Did the IMF take China's economic data at face value? Because nobody else in the world does. I certainly don't believe any of the data coming out of China concerning their economy.
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Post by sigurdur on Dec 5, 2014 5:14:05 GMT
Sigurdur, Did the IMF take China's economic data at face value? Because nobody else in the world does. I certainly don't believe any of the data coming out of China concerning their economy. Only people who don't want to face reality have a problem with China overtaking the USA. I had thought it would take 2 more years, but my assumption was based on the US govt getting a grasp on its fiscal house. That isn't happening.
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Post by walnut on Dec 5, 2014 5:21:01 GMT
They are far from overtaking us. There are just a lot of Chinese. Their per capita GDP is less than Mexico's. Pretty meaningless news story.
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Post by glennkoks on Dec 5, 2014 12:46:25 GMT
Sigurdur, Did the IMF take China's economic data at face value? Because nobody else in the world does. I certainly don't believe any of the data coming out of China concerning their economy. Only people who don't want to face reality have a problem with China overtaking the USA. I had thought it would take 2 more years, but my assumption was based on the US govt getting a grasp on its fiscal house. That isn't happening. Sigurdur, I have no problem facing the possibly that China may overtake the the US economy as the worlds largest. It just is not today, it won't be tomorrow and it won't be next year. Not unless you believe the Chinese governments data. Which they control/fabricate. Doesn't this entire "China is going to top the U.S. talk" sound eerily familiar to the "Japan is going to top the U.S. talk" we heard in the 1980's? In addition, does it really matter? Not until they have the clout to challenge our currency as the "Worlds Reserve". There has been a lot of talk about a Chinese/Russian/Basket Currency challenging the dollar. But that was before the Ruble crashed and burned and anyone with a brain sold it. Hopefully this post does not sound like a blow hard American bragging. We have serious economic issues. But for the time being we are still best in class.
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Post by scpg02 on Dec 5, 2014 15:28:14 GMT
Chinese economy overtakes the U.S.’s to become the largest By BrettArends Hang on to your hats, America. And throw away that big, fat styrofoam finger while you’re about it. There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet. It just happened — and almost nobody noticed. The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A. ~snip~ www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04
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Post by nautonnier on Dec 5, 2014 15:38:44 GMT
Only people who don't want to face reality have a problem with China overtaking the USA. I had thought it would take 2 more years, but my assumption was based on the US govt getting a grasp on its fiscal house. That isn't happening. Sigurdur, I have no problem facing the possibly that China may overtake the the US economy as the worlds largest. It just is not today, it won't be tomorrow and it won't be next year. Not unless you believe the Chinese governments data. Which they control/fabricate. Doesn't this entire "China is going to top the U.S. talk" sound eerily familiar to the "Japan is going to top the U.S. talk" we heard in the 1980's? In addition, does it really matter? Not until they have the clout to challenge our currency as the "Worlds Reserve". There has been a lot of talk about a Chinese/Russian/Basket Currency challenging the dollar. But that was before the Ruble crashed and burned and anyone with a brain sold it. Hopefully this post does not sound like a blow hard American bragging. We have serious economic issues. But for the time being we are still best in class. "We have serious economic issues."The main problems are regulatory and taxation - such as the EPA rules and the refusals to exploration licenses, and the huge disparity in company taxation compared to the rest of the world. NONE of these are financial but all cripple the wealth creation capabilities of the country - almost certainly deliberately. I would repeal ALL EPA regulations since 2000 (even the apparently good ones) and let the States take over the task of environmental protection. Exploration licenses would be allowed without any limitations by default if the federal authorities take more than 6 calendar months from date of receipt of the requests. Company taxation should be reduced to the median world level as a maximum - taxation is not a zero sum game increase company activity and more wealth gets created.
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Post by walnut on Dec 5, 2014 15:51:18 GMT
If you want to count the euro as one large economy, we'd be #3. It is only about political boundaries, nothing about productivity and per capita wealth.
The perpetual doom and gloomers predicted a dollar crash. Well that didn't happen, in fact the dollar is on a long tear. I am not saying that I support the QE and the heavy borrowing by the gov't. I am just saying that there may be more to this all than is commonly understood, and the facts are we have high financial asset prices, a decent economy, and a very strong dollar. And gold and silver are crashing. The facts are not supporting the common narrative that many of us believed in.
I think that the question is: If we bought this economic recovery with borrowing, will the growth be sufficient to cover the increased costs of the added debt? I don't know that answer to that. Hopefully so...
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