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Keyword: babyboomers

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  • Baby Boomers Give Up, Drop Out of U.S. Labor Force

    02/12/2014 9:08:22 PM PST · by smokingfrog · 52 replies
    Insurance Journal ^ | 2/11/14 | Victoria Stilwell
    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,...
  • Will surge of older workers take jobs from young?

    01/05/2014 4:41:51 PM PST · by COBOL2Java · 70 replies
    WTOP News (Washington DC) ^ | 4 January 2014 | MATT SEDENSKY, Associated Press
    <p>CHICAGO (AP) -- It's an assertion that has been accepted as fact by droves of the unemployed: Older people remaining on the job later in life are stealing jobs from young people.</p> <p>One problem, many economists say: It isn't supported by a wisp of fact.</p>
  • Now You Can't Trust Anyone Over 60

    12/06/2013 12:20:57 PM PST · by Kaslin · 14 replies
    Townhall.com ^ | December 6, 2014 | Suzanne Fields
    A gift of days with the extended family stretching from Thanksgiving through Cyber Monday inevitably invites reflection on the fields of folly where we find the rising generations at work and play. Youth, beautiful in its blossoming, arrives with predictable attitude, often illustrated by various piercings and tattoos. They're adolescents forever in search of a way to make the "meaningful" statement, as elusive as the maturity that lies ahead. Babies, naturally, are exempt from criticism, gurgling and sucking their thumbs, blissfully unaware that the Brobdingnags around them are blowing their inheritance on big-government deficits. But as the seniors say, leaving...
  • Why US baby boomers are retiring in Latin America

    12/02/2013 7:35:24 AM PST · by posterchild · 61 replies
    Christian Science Monitor ^ | Dec 1, 2013 | Daniel B. Wood
    LOS ANGELES — After 20 years in the US military, James Cummiskey was divorced and looking for a change. Relenting to his buddy's request, he flew to Medellín, Colombia, for a visit. He looked, he saw, and, by dinner time, he decided to stay. Permanently. "After four to five hours, I was immediately captured by everything I saw," says the ex-marine, who has lived in 35 countries. He spent the next four months selling two homes, three vehicles, two motorcycles, and one airplane. He put the money aside and decided to retire early. Now he lives in a posh section...
  • The Boomer Bust

    11/30/2013 9:05:46 PM PST · by gorush · 31 replies
    Wall Street Journal ^ | Nov. 29, 2013 | P.J. O'Rourke
    We are the generation that changed everything. Of all the eras and epochs of Americans, ours is the one that made the biggest impression—on ourselves. That's an important accomplishment, because we're the generation that created the self, made the firmament of the self, divided the light of the self from the darkness of the self, and said, "Let there be self." If you were born between 1946 and 1964, you may have noticed this yourself. That's not to say we're a selfish generation. Selfish means "too concerned with the self," and we're not. Self isn't something we're just, you know,...
  • One Baby Boomer health risk no one talks about

    11/11/2013 11:13:28 AM PST · by Armen Hareyan · 67 replies
    EmaxHealth ^ | 2013-11-10 | Kathleen Blanchard
    Baby Boomers might not be aware of the harm to their health that could come from high levels of copper and iron in the blood stream. Of course, that's because you haven't seen any public health messages and probably haven't been warned by your doctor that you could be ingesting either of the two from unknown sources that can put you at risk for a variety of common health problems that we shrug off as inevitable with aging. Iron is necessary to carry oxygen throughout the body. Copper helps our body use iron, protects our nerve cells and is important...
  • Spoiled, greedy, indifferent boomers infest Obama’s self-indulgent White House

    10/31/2013 7:35:11 PM PDT · by smoothsailing · 99 replies
    Washington Times ^ | 10-31-2013 | Wesley Pruden - Commentary
    October 31, 2013 Spoiled, greedy, indifferent boomers infest Obama’s self-indulgent White House Wesley Pruden The Obama White House suffers from “the ‘60s disease.” The affliction seems to be terminal. The president’s men — and women — are mostly boomers, spoiled, greedy and self-centered, nurtured and indulged in the decade of the 1960s, when the culture first began to rot. The boomers taught each other many things, how to turn up the volume on their “music,” where to find the best pot and where to crash to smoke themselves into mellow stupefaction, how to avoid taking responsibility for their blunders, and...
  • The Luckiest Generation

    10/25/2013 7:52:17 PM PDT · by thecodont · 8 replies
    National Review / www.nationalreview.com ^ | OCTOBER 24, 2013 4:00 AM | By Kevin D. Williamson
    One of the great American assumptions — that while individuals and families may rise and fall, each generation will end up on average better off than the one that preceded it — has been the subject of much scrutiny in the past decade. Democrats and their affiliated would-be wealth redistributors have argued that the large income gains enjoyed by the highest-paid workers threaten the American dream of ever-upward generational mobility, while others have worried that the housing meltdown and the Great Recession, which inflicted serious damage on the net worths of many American families, now stand in the way of...
  • A BabyBoomer's Apology

    09/23/2013 7:56:25 PM PDT · by Nachum · 20 replies
    youtube ^ | 9/23/13 | RenegadeEconomist RenegadeEconomist
    The younger generation will ask of us, "what were you thinking?" Somehow I caught the bug that "I am not really worth very much unless I have something more."
  • Do You Want To Scare A Baby Boomer?

    07/28/2013 8:43:59 PM PDT · by SatinDoll · 79 replies
    Economic Collapse Blog ^ | January 17th, 2013 | By Michael Snyder
    Submitted by Michael Snyder via The Economic Collapse blog, If you want to frighten Baby Boomers, just show them the list of statistics in this article. The United States is headed for a retirement crisis of unprecedented magnitude, and we are woefully unprepared for it. At this point, more than 10,000 Baby Boomers are reaching the age of 65 every single day, and this will continue to happen for almost the next 20 years. The number of senior citizens in America is projected to more than double during the first half of this century, and some absolutely enormous financial promises...
  • Fewer Full-Time Jobs: More Class Warfare A'Comin'

    07/28/2013 6:46:20 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | July 28, 2013 | Mike Shedlock
    A Gallup Poll on US Payroll Employment for Age Group 18 to 29 shows Fewer Young Adults Holding Full-Time Jobs in 2013. Fewer Americans aged 18 to 29 worked full time for an employer in June 2013 (43.6%) than did so in June 2012 (47.0%), according to Gallup's Payroll to Population employment rate. The P2P rate for young adults is also down from 45.8% in June 2011 and 46.3% in June 2010. Younger Americans Less Likely to Have Full-Time Work Now, Regardless of Education Older Americans More Likely to Hold Full-Time Jobs Now Than a Year Ago The lack of...
  • Bereft Of Any New Policy Ideas Since Vietnam, America's Liberal Left Is Intellectually Bankrupt

    07/07/2013 7:19:37 AM PDT · by Innovative · 47 replies
    Forbes ^ | July 2, 2013 | John Goodman
    I have believed for some time that the left is intellectually bankrupt. I can’t think of a single new idea from the left of the political spectrum since the end of the Vietnam War. The left has no idea what to do about our failing public schools. It has no solution to the problem of entitlement spending. It has no earthly idea what to do about all the problems in our health care system. There is no coherent proposal on the left to reform the tax system. I think it is no exaggeration to say that the left has no...
  • Baby Boomers Are Killing Themselves At An Alarming Rate, Raising Question: Why?

    06/04/2013 6:09:19 AM PDT · by Biggirl · 136 replies
    The Washington Post ^ | June 4, 2013 | Tara Bahrampour
    Last spring, Frank Turkaly tried to kill himself. A retiree in a Pittsburgh suburb living on disability checks, he was estranged from friends and family, mired in credit card debt and taking medication for depression, cholesterol, diabetes and high blood pressure.
  • Generation X Fares Poorly During Recession, Says Study

    06/01/2013 12:20:47 PM PDT · by Publius804 · 43 replies
    Yahoo News ^ | 6/1/2013 | Abby Ellin
    Members of Generation X, the so-called slackers weaned on Saturday morning cartoons, divorce and cynicism, are now in their late 30s to late 40s. And according to a recent report, those born between 1966 and 1975 really do have something to complain about. A Pew Charitable Trust study, titled "Retirement Security Across Generations," examined the savings behavior of five age groups before the Great Recession hit and found that Gen Xers - the group of Americans following the baby boomers and range in age from 38 to 47 - fared especially poorly during the recent economic down swing. As a...
  • To: Those of You Born 1930 - 1979

    05/31/2013 6:21:29 AM PDT · by IbJensen · 159 replies
    This morning's email | 5/31/2013 | Unknown
    To: Those of You Born 1930 - 1979 At the end is a quote of the month attributed to Jay Leno.. If you don't read anything else, Please read what he Said. TO ALL THE KIDS WHO SURVIVED THE 1930's, 40's, 50's, 60's and 70's! First, we survived being born to mothers who smoked and/or drank while they were pregnant. They took aspirin, ate blue cheese dressing, tuna from a can and didn't get tested for diabetes. Then after that trauma, we were put to sleep on our tummies in baby cribs covered with bright colored lead-base paints. We had...
  • Singles swing into retirement with little savings

    04/18/2013 1:32:55 PM PDT · by Hojczyk · 33 replies
    Maket Watch ^ | April 18, 2013 | Robert Powell
    If you think it’s hard saving for retirement as a couple, trying doing it as a single. According to a study—described by one expert as the most intriguing of 2012—the amount of money singles in their late 60s have saved up for retirement is dramatically less than that of married-couple households. In fact, the median married household had in 2008 nearly 10 times more saved up for retirement than the median single-person household, $111,600 vs. $12,500. (Savings, for the record, included 401(k)s and IRAs and all taxable savings and investment accounts, but it did not include Social Security, pensions, or...
  • Pandering to Millennials Will Ruin the GOP

    03/15/2013 4:40:27 AM PDT · by Bratch · 13 replies
    Policymic ^ | March 15, 2012 | Rush Limbaugh
    Editor's Note: Rush Limbaugh's article was written in response to PolicyMic Pundit Alex Smith, National Chairman of the College Republican National Committee (CRNC). In her op-ed, "Millennials Are a Tremendous Opportunity for the Republican Party," she calls on millennials to fight to re-invent the Republican Party to represent young people.I'm a baby boomer, so I'm allowed to begin this by talking about myself. I have only one request and that is before you read this, please put out of your mind everything you have heard about me in the media, everything you think you know about me, and just...
  • Calling All Free Republic Baby Boomers (Born 1946 to 1964)

    02/01/2013 5:18:02 AM PST · by xzins · 122 replies
    US Census ^ | 1 Feb 13 | Xzins
    The US Census Bureau, in "The Older Population" indicates that Baby Boomers are defined as follows: 6 The Baby Boom includes people born from mid-1946 to 1964. The Baby Boom is distinguished by a dramatic increase in birth rates following World War II, and is one of the largest generations in U.S. history. For more information, see: Hogan, Perez, and Bell, 2008, Who (Really) Are the First Baby Boomers? In Joint Statistical Meetings Proceedings, Social Statistics Section, Alexandria, VA: American Statistical Association, pp. 1009–1016. You are now from about 50 to 67 years old, and you are the glad result...
  • The New Normal: Baby Boomer Tribal Communities - Obama's vision for your retirement

    11/19/2012 11:20:58 AM PST · by hope_dies_last · 28 replies
    Trib Total Media ^ | September 17, 2012 | Craig Smith
    A generation of Americans who embraced communal living in the 1960s is again considering that concept and other ways to coexist as they near retirement. This time, they’ve traded peace signs for dollar signs. “By force of sheer volume, the (baby boomers) who in 1968 thought they would change the world by 2028 actually will,” said Andrew Carle, founding director of the Program in Senior Housing Administration at George Mason University in Fairfax, Va. Over the next three decades, one in five U.S. citizens will turn 65 or older, Carle said. They’ll control more than half of the discretionary income,...
  • Parting Words

    11/09/2012 4:12:36 AM PST · by nikos1121 · 30 replies
    11/09/2012 | nikos1121
    Like many other "baby boomers," I've been reflecting on the last few weeks with mixed emotions. We've seen just about everything that there is to see in one's life time, and many many things that occured for the first time. Mostly good of course, like the things all people experience personally with their families. I think for many of us it was the death of Kennedy that started it. Saying that we lost our innocence is putting it mildly, but we lost it tens time over again during the 60s, the Challenger disaster, World Towers etc. Each death of someone...
  • Biden and Ryan Represent Different Generations of Catholics

    10/19/2012 6:56:22 AM PDT · by marshmallow · 19 replies
    Crisis Magazine ^ | 10/19/12 | Elise Ehrhard
    The past four years have witnessed a battle between different generations of Catholics in public life—Generation X Catholics have taken a very different path from Baby Boomer Catholics and those born before the boomers. Generation X Catholics have emerged prominently in the Republican Party. Many who were mentioned this year on Mitt Romney’s vice-presidential short list were Gen X Catholics—Paul Ryan, Bobby Jindal, Kelly Ayotte and Marco Rubio. They were given prominent spots at the Republican National Convention (Jindal could not attend because of Hurricane Isaac). They continue to elicit excitement as the “future” of the Republican Party and conservatism...
  • Boomer Power and the War on the Young

    10/14/2012 3:34:55 PM PDT · by Publius804 · 39 replies
    The American Interest ^ | October 4, 2012 | N/A
    The Economist ominously reports: The struggle to digest the swollen generation of ageing baby-boomers threatens to strangle economic growth. As the nature and scale of the problem become clear, a showdown between the generations may be inevitable. The statistics are frightening: The average federal tax rate for a median American household, including income and payroll taxes, dropped from more than 18% in 1981 to just over 11% in 2011. Yet sensible tax reforms left less revenue for the generous benefits boomers have continued to vote themselves, such as a prescription-drug benefit paired with inadequate premiums. Deficits exploded. Erick Eschker, an...
  • Who Destroyed the Economy? The Case Against the Baby Boomers

    10/08/2012 8:11:26 AM PDT · by SeekAndFind · 101 replies
    The Atlantic ^ | 10/08/2012 | Jim Tankersley
    Retirees and near-retirees are leaving behind a devastated economy for their children ... but are we doing anything to fix it? Here, two generations debate who's really to blame for the wreckage. ***** CRESCENT LAKE, Ore.--My father taught me how to throw a baseball and divide big numbers in my head and build a life where I'd be home in time to eat dinner with my kid most nights. He and my mother put me through college and urged me to follow my dreams. He never complained when I entered a field even less respected than his. He lives across...
  • PICKET: Ryan's generation x-cellent

    08/11/2012 7:10:18 PM PDT · by paltz · 31 replies
    The Washington Times Water Cooler ^ | 8/11/12 | Kerry Picket
    Born in 1970, Republican Vice Presidential candidate Paul Ryan is the first generation X’er to be on a national ticket. Since the 1990’s my fellow generation Xer’s have been an often overlooked group of individuals compared to the older and much larger generation of baby boomers and the World War II generation. We’ve been called slackers, baby busters, cynical, skeptical, angry and indifferent among other descriptions. However, is this really the case now? Forty percent of generation X’ers are from families whose parents divorced. Many became known as “latch key children.” The Bergen County Record reported in 1995: More than...
  • The Hole in the Bucket (Americans Are Saving Less And Less)

    07/25/2012 11:53:11 AM PDT · by Sir Napsalot · 14 replies
    Washington Monthly ^ | July/Aug 2012 | Phillip Longman
    Never before in history has the great American middle class obsessed so much over financial planning as during the last forty years or so. ... And yet here we are today. According to a recent study by the Employee Benefits Research Institute, fully 44 percent of Baby Boomers and Gen-Xers lack the savings and pension coverage needed to meet basic retirement-age expenses, even assuming no future cuts in Social Security or Medicare, employer-provided benefits, or home prices. Most Americans approaching retirement age don’t have a 401(k) or other retirement account. Among the minority who do, the median balance in 2009...
  • Are Millennials the Screwed Generation? (Boomers never had it so good)

    07/16/2012 6:41:23 AM PDT · by SeekAndFind · 25 replies
    Daily Beast ^ | 07/16/2012 | Joel Kotkin
    Today’s youth, both here and abroad, have been screwed by their parents’ fiscal profligacy and economic mismanagement. Neil Howe, a leading generational theorist, cites the “greed, shortsightedness, and blind partisanship” of the boomers, of whom he is one, for having “brought the global economy to its knees.” How has this generation been screwed? Let’s count the ways, starting with the economy. No generation has suffered more from the Great Recession than the young. Median net worth of people under 35, according to the U.S. Census, fell 37 percent between 2005 and 2010; those over 65 took only a 13 percent...
  • The Real Class Warfare is Baby Boomers Vs. Younger Americans

    07/12/2012 6:00:48 AM PDT · by RKV · 46 replies
    Reason Magazine ^ | 11 July 12 | Nick Gillespie
    Hey kids, wake up! Stop playing your X-Box while listening to your Facebooks on the iPod and wearing your iPad with the cap turned backwards with the droopy pants and the bikini underwear listening to Snoopy Poopy Poop Dogg and the Enema Man and all that! Take a break from getting yet another tattoo on your ass bone or your nipples pierced already! And STFU about the 1 Percent vs. the 99 Percent! You're not getting screwed by billionaires and plutocrats. You're getting screwed by Mom and Dad.
  • Gen X Disproportionally Affected by the Recession

    06/22/2012 5:44:29 AM PDT · by C19fan · 50 replies
    The Fiscal Times ^ | June 21, 2012 | Blaire Broidy
    Though everyone seems to be feeling sorry for millennials, who are experiencing one of the highest unemployment rates and boomers, who are delaying their retirement due to the economy, the generation in between, Gen X, deserves their own time in the recession limelight. A Census report released on Monday found that people between 35 and 44 saw a 59 percent decline in median household net worth between 2005 to 2010, the largest drop of all age groups. Those 55 to 64, only saw a 25 percent drop, though they had a larger decline in actual dollar amount.
  • Counting on an Inheritance? Count Again (baby boomers likely to get less money from Mom and Dad)

    06/12/2012 4:44:50 AM PDT · by SeekAndFind · 31 replies
    Wall Street Journal ^ | 06/12/2012 | By ANNE TERGESEN
    Baby boomers: Get ready for a double whammy. For years now, there's been a lot of talk about boomers getting tremendous windfalls as their parents pass on. Many boomers, in fact, have been lagging behind in their savings, betting on—hoping for—big bequests, especially since many of them suffered big losses in 2008. But for a growing number of boomers, things aren't going according to plan. The postwar generation is living longer—and many are spending their savings along the way. And, of course, many of them also took a hit in 2008. The result is that, as a group, boomers likely...
  • More financial bombshells for baby boomers: Don’t count on that inheritance

    06/11/2012 12:32:05 PM PDT · by SeekAndFind · 27 replies
    Hotair ^ | 06/11/2012 | Erika Johnsen
    Is no age group safe from the fiscal woes of economic near-recession and pending entitlement crises? (Hint: No.) While we often focus on the troubles of young people unable to find employment and just chillin' on the parents' couches, and we're already well aware of the upcoming squeeze on Social Security as baby boomers begin to reach retirement age, here's a fun and exciting reminder from the Wall Street Journal. For years now, there's been a lot of talk about boomers getting tremendous windfalls as their parents pass on. Many boomers, in fact, have been lagging behind in their savings,...
  • Hepatitis C tests urged for all baby boomers

    05/19/2012 3:19:05 AM PDT · by 2ndDivisionVet · 81 replies
    The federal government Friday called for all baby boomers to be tested for hepatitis C, which kills more Americans each year than AIDS and is the leading reason for liver transplants. The Centers for Disease Control and Prevention made the recommendation to find hundreds of thousands of people who don't realize that they have the infection, which greatly increases their chances of developing cirrhosis and liver cancer. The hepatitis C virus is transmitted by blood, usually through intravenous drug use or transfusions. A blood test for it became widely available in 1992. Extremely small amounts of the virus are able...
  • As the Boomers Head for the Barn

    05/15/2012 6:40:08 AM PDT · by Kaslin · 50 replies
    Townhall.com ^ | May 15, 2012 | Pat Buchanan
    When the April figures on unemployment were released May 4, they were more than disappointing. They were deeply disturbing. While the unemployment rate had fallen from 8.2 percent to 8.1 percent, 342,000 workers had stopped looking for work. They had just dropped out of the labor market. Only 63.6 percent of the U.S. working age population is now in the labor force, the lowest level since December 1981. During the Reagan, Bush I and Clinton years, participation in the labor force rose steadily to a record 67 percent. The plunge since has been almost uninterrupted. Here is a major cause...
  • Are Baby Boomers Stealing Jobs from the Young? (Part 1)

    05/12/2012 6:28:23 AM PDT · by Kaslin · 312 replies
    Townhall.com ^ | May 12, 2012 | Political Calculations
    Walter Russell Mead writes on the disappearance of jobs for non-Baby Boomers: An analysis of recent jobs figures at Investor.com reveals a disturbing development: the biggest beneficiaries from the economic recovery are Boomers, while everyone else is getting the shaft. Since the Obama administration took office, there has been an epochal shift. Young workers have continued to lose jobs and incomes, while older workers have actually gained ground. In fact, the Obama administration has seen a boom in the prospects of the 55+ crowd; their (I should say ‘our’) employment stands at a 42 year high. Net, there are 3.9...
  • Exclusive: NARAL President Nancy Keenan to step down

    05/10/2012 4:20:15 PM PDT · by Hunton Peck · 6 replies
    The Washington Post ^ | 05:29 PM ET, 05/10/2012 | Sarah Kliff
    At the end of this year, Nancy Keenan will step down from her post as president of NARAL Pro-Choice America, the country’s oldest abortion-rights advocacy group. The 60-year-old Keenan said she is leaving out of concern for the future of the pro-choice movement — and thinks she could be holding it back. Nancy Keenan will retire as president of NARAL Pro-Choice America at the end of the year. (Sarah L. Voisin - WASHINGTON POST) In recent years, Keenan has worried about an “intensity gap” on abortion rights among millennials, which the group considers to be the generation of Americans born...
  • This old stock market (Will mass withdrawals from aging Baby Boomers tank the stock market?)

    03/16/2012 6:02:52 AM PDT · by SeekAndFind · 16 replies
    The Economist ^ | 03/16/2012 | A.C.S
    AGING populations in America and Europe raise many economic concerns. A popular one is whether aging baby boomers will tank the stock market. That’s story in this Wall Street Journal article, which says that when baby boomers bought stock to fund their retirement, that drove up share prices in the 1990s. Now, on the cusp of retirement, they will sell their shares so prices must fall. This theory appears to be confirmed by a figure from the San Francisco Fed, which shows a strong correlation between the price/earnings ratio and what they call the M/O ratio, the ratio of people age...
  • The last 401K Generation

    03/01/2012 5:41:11 PM PST · by Wicket · 67 replies · 59+ views
    Insurance Networking News/Reuters ^ | 3/1/2012 | Linda Stern
    (Reuters) - Will the baby boomers be the only generation to retire with 401(k) plans? It could happen. Last week many of the nation's biggest thinkers on retirement got together in a Senate hearing room to discuss the future of pensions and retirement. There were representatives of unions, employers, financial services providers, government agencies and consumer groups. And the only thing they all seemed to agree on was this: The 401(k) plan has been sort of a failure. Those are strong words, and probably overstate the case. Current and future retirees now have some $4.3 trillion for retirement that wouldn't...
  • Documents show Bernanke thought economy could pull off 'soft landing' from falling home prices

    01/13/2012 12:43:04 PM PST · by ColdOne · 7 replies
    FoxNews.com ^ | 1/13/12 | AP
    WASHINGTON – Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy. Newly released transcripts of Fed meetings during Bernanke's first year as chairman show that, among Fed officials, he often expressed the most concern about housing. But no official, according to the transcripts, recognized the extent of the damage a housing bubble would cause. A year later, the housing market's...
  • Government Set to Sell Foreclosures in Bulk

    01/09/2012 2:35:29 PM PST · by HereInTheHeartland · 6 replies · 3+ views
    This seems like a really bad idea to me. Talk about crony capitalism. Individual buyers will be shut out from buting these properties.
  • No way to treat a lady

    01/01/2012 8:11:10 PM PST · by chessplayer · 23 replies
    NY Post ^ | 1/1/2012 | Kyle Smith
    When it comes to the feminist version of history (sorry — herstory!), it’s hurrah for Gloria Steinem. She started a magazine nobody ever read. And cheers for Billie Jean King, the tennis player who proved a young professional athlete could beat a 55-year-old slob. Give it up for Indira Gandhi and Hillary Clinton, who proved that you could sweep into power on the coattails of your dad or husband, and by all means let us celebrate Oprah Winfrey, who proved that you could spin mystical mumbo-jumbo, airy empowerment talk and perpetual wounded victimhood into a billion-dollar sisterhood racket. What about...
  • Politically Correct Language Going Out of Style

    12/27/2011 7:24:55 AM PST · by usalady · 25 replies
    Examiner ^ | 11/27/11 | Martha R Gore
    If you heard more "Merry Christmas" than "Happy Holiday" during the 2011 holiday season, it may be a sign that using "Politically Correct" language is going out of style.
  • Falling home values mean budget crunches for cities

    12/26/2011 6:49:41 PM PST · by DeaconBenjamin · 41 replies
    Washington Post ^ | Brady Dennis
    The bust that began in 2007 has just begun to ravage tax revenues in communities from coast to coast. The problem is unlikely to subside soon. For instance, Baltimore collected $815 million in property taxes during the most recent fiscal year. Next year, the figure is predicted to shrink to $803.5 million. The following year, $773 million. The year after that, $735.7 million. The year after that, $729.4 million. “I don’t see any quick fixes over the next four or five years, to be honest.” Baltimore already faces a budget deficit of more than $50 million next year. “Obviously, it...
  • Merry Manly Christmas and Hanukkah

    12/23/2011 5:30:09 PM PST · by Steelfish · 2 replies
    National Review ^ | December 23, 2011
    MONA CHAREN DECEMBER 23, 2011 Merry Manly Christmas and Hanukkah The code of the gentleman is not obsolete. This is the time of year to turn our thoughts to noble sentiments and inspiring stories. William Bennett, who has established something of a cottage industry in uplift, has a new book out that celebrates and explicates all that is bracing, wholesome, affecting, and necessary about men and manliness That such a book is required, it must be acknowledged, is not good news about our cultural health, and Bennett introduces The Book of Man: Readings on the Path to Manhood with tidings...
  • It's official: Housing market was sicker than we thought

    12/21/2011 4:57:06 PM PST · by ColdOne · 23 replies
    msnbc.msn.com ^ | 12/21/11 | John W. Schoen,
    Real estate agents are famous for putting a listing in the best possible light to close a sale. On Thursday, the industry's national trade association confirmed that its monthly data have been painting a rosier picture of the pace of home sales since 2007. As msnbc.com reported in March, the National Association of Realtors has been overstating the pace of existing home sales by more than 16 percent. The trade group now says just 17.7 million existing homes were sold from 2007 to 2010, not the 20.6 million it originally reported. The NAR made no changes to its data on...
  • 2 NJ pheasant hunters shot in separate mishaps

    12/20/2011 5:20:53 PM PST · by Coleus · 15 replies
    star ledger ^ | 12.18.11
    State officials say a New Jersey man and his adult son were wounded in a pheasant hunting accident this weekend, then shot a second time while they were discussing the first mishap with authorities Both shootings occurred Saturday morning in the Colliers Mills Wildlife Management area in Jackson. The first shooting involved a single hunter who fled the scene, while the second involved a group of other hunters. The victims — identified only as two Jackson residents, ages 60 and 34 — each had pellet wounds to their face and hands, but the injuries were not considered serious. A state...
  • Zillow CEO on housing market: 'Not good' (video)

    12/19/2011 12:45:12 PM PST · by Signalman · 6 replies
    CNNMoney ^ | 12/19/2011 | CNN
    30 percent of home owners "under water". Home values will drop another 3-5 percent and stay at that level the next few years.
  • Payroll tax-cut extension adds $17 a month to typical mortgage

    12/18/2011 7:05:27 PM PST · by Graybeard58 · 12 replies
    Chicago Sun-Times via A.P. ^ | December 17, 2011 | Alan Fram
    WASHINGTON — Who is paying for the two-month extension of the payroll tax cut working its way through Congress? The cost is being dropped in the laps of most people who buy homes or refinance beginning next year. The typical person who buys a $200,000 home or refinances that amount starting on Jan. 1 would have to pay roughly $17 more a month for their mortgage, thanks to a fee increase included in the payroll tax cut bill that the Senate passed Saturday. The White House said the fee increases would be phased in gradually. The legislation provides a two-month...
  • Limited household formation threatens mortgage market (Only 51% of adults are married)

    12/14/2011 7:37:58 PM PST · by 2ndDivisionVet · 4 replies
    HousingWire ^ | December 14, 2011 | Andrew Scoggin
    Single-family originations will likely dip in 2012 because of fewer refinances, according to Frank Nothaft, chief economist at Freddie Mac. The market will see a refinance burnout, Nothaft said, with a dwindling pool of eligible borrowers and higher mortgage rates by the second half of 2012. Nothaft projects $1.3 trillion in single-family mortgage originations in 2011, compared to $1.14 trillion in 2012 and $1.07 trillion in 2013. The Freddie Mac projections for 2012 come as a Pew Research Center study showed a record-low number of adults married in the U.S. About 51% of all adults were married as of 2010,...
  • ‘Russia Is Waking Up,’ Former Prime Minister Says Amid Massive Protests

    12/10/2011 12:58:44 PM PST · by Tailgunner Joe · 36 replies
    abcnews.go.com ^ | December 10, 2011 | Olivia Katrandjian
    Tens of thousands of people took to the streets in Moscow today, in the largest of more than 70 protests across Russia, to voice their anger at alleged election fraud and to demand that the results of the parliamentary elections be cancelled, a new election be held, and Prime Minister Vladimir Putin resign. Opposition leader Boris Nemtsov, one of the organizers of the rally, explained the protesters’ demands to ABC News. “Our demand is to cancel these criminal elections, because Putin stole about 13 million votes. Secondly, to fire Mr. [Vladimir] Churov, who is responsible for the election and to...
  • Making Homes Affordable Makes Others Poor

    11/26/2011 5:48:32 PM PST · by SeekAndFind · 18 replies
    American Thinker ^ | 11/23/2011 | John Sohne
    Imagine that you are in the business of lending money. At one time, the business model was simple; money was lent to people who had a high probability of repaying it. The rules were then changed by federal government in the interest of "fairness," with laws passed such as the Community Reinvestment Act (CRA) and federal agencies like Housing & Urban Development (HUD) activated. To stay in business, you must follow the government's dictates. Then the government changes the rules again by changing the percentage of loans that go to certain types of borrowers in the interest of "fairness." Just...
  • Dow, S&P Log Worst Thanksgiving Week Since 1932 (CNBC)

    11/25/2011 12:49:30 PM PST · by tcrlaf · 18 replies
    CNBC ^ | 11-25-11 | By: JeeYeon Park
    Stocks closed in negative territory in thin, shortened trading Friday as investors were reluctant to go long ahead of the weekend and amid ongoing worries over the euro zone. The Dow and S&P posted their worst Thanksgiving week since the Great Depression on a percentage basis. The Dow Jones Industrial Average erased their gains to finish lower, led by H-P [HPQ 25.39 -0.39 (-1.51%) ] and Chevron [CVX 92.29 -1.46 (-1.56%)]. The S&P 500 and the Nasdaq also ended lower, logging a seventh consecutive decline. Some traders are watching for 1,150 on the S&P as the next key level. The...