You Can’t Rely On Anyone in the Aftermath of Generation Greed

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From the New York Times: “Harry Nespoli, president of the Uniformed Sanitationmen’s Association, said the problems late Sunday underscored how the city could not rely on outside contractors to help with snow removal and other jobs in such storms, particularly during a holiday weekend. ‘You can never count on the privates, because they don’t have to show up,’ he said. ‘What obligation do they have? The mayor can’t order them out. The commissioner can’t order them out.’” From the New York Post: “Selfish Sanitation Department bosses from the snow-slammed outer boroughs ordered their drivers to snarl the blizzard cleanup to protest budget cuts — a disastrous move that turned streets into a minefield for emergency-services vehicles, The Post has learned… ‘They sent a message to the rest of the city that these particular labor issues are more important,’ said City Councilman Dan Halloran (R-Queens), who was visited yesterday by a group of guilt-ridden sanitation workers who confessed the shameless plot.’”

Now let’s get one thing clear. There are no Sanitation Department budget cuts. There are no cuts in most agencies, except for the usual suspects like parks, libraries, the Administration for Children’s Services and public higher education. If there was, taxes would be going down, and no one is suggesting that. What is happening is a huge shift of resources from people providing services today (public or private) to debts run up by Generation Greed, and retirement and senior health care that they had promised themselves but chose not to pay for (or, in another factor, cut a deal to retroactively enhance). And this is just getting started.

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Median Household Income by State: New York is Going Down

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A recent article in The Economist magazine contained data that was so alarming I had to look into it further. According to the article, U.S. median household income adjusted for inflation fell 7.1% from 1999 to 2009. In several states, including Rustbelt Michigan, Indiana and Ohio and previously booming Sunbelt North Carolina and Georgia, the decrease was 12.9% to 21.3%. This, of course, was not a fair comparison, since 1999 was a near peak economic year and 2009 was a severe recession year. So I downloaded recent Census Bureau data – the readily available data was for the average of 2008 and 2009 – and compared it with data from another weak economic year, 2003 data from the Statistical Abstract of the United States. This is still not the right comparison, because the median household income in 2009 is apparently lower than the 2008 to 2009 average. But it does make for another interesting comparison. From 2003 to 2008/09, median household income in the U.S. was basically unchanged. But in New York State, it fell about 5 percent.

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Heads I Win Tails Your Future is Destroyed and I Lose Nothing

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If that's the deal, and you are completely selfish, why not gamble more? So the city's public employee pension funds seem to have concluded. They want to put more money into hedge funds, which generally don't hedge (accept lower but more assured returns) at all. They leverage — producing huge returns in some years, and 100 percent investment wipeouts at other times, all while charging massively higher fees to their massively overcompenstated managers.

What this is about is coming up with a rationalization to claim the pension fund investment returns will be higher in the future than they will actually be. So more pension enrichments can be awarded but not paid for, until the costs explode and devastate the future of younger generations.

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The Gateway: June is Bursting Out All Over Edition

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The jury is still out on this horrible incident, but can we at least rule out that it involved "passive resistance"?Close-Up Footage of Mavi Marmara Passengers Attacking IDF Soldiers www.youtube.com

Got a good price on a lot of Gulf Shrimp–gonna market them under the name "Bubba Gunk"

 

I’m betting he ends up living happily ever after with Elizabeth Edwards, while Tipper takes up with Dee Snider (how soon we forget)

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Wearing Disguises

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THE WHO: I used to know everything about you
But today when I tried to point you out to one of my friends
I picked the wrong girl again
Don't see you in the crowd anymore
I think it's you but I can't be sure
You're wearing disguises
Occasionally a girl surprises me
When she turns out to be you
Wearing disguises

I don't think you want me to see you ever again
And today I saw you dressed as a flower bed
Last week you had a wig on your head
Directing traffic in the street
And your shoes were too big for your feet
You were wearing disguises

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Cat’s Cradle (First of Two Parts)

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KURT VONNEGUT: A granfalloon is a proud and meaningless association of human beings.

I have not for decades felt the need to cite a quotation from the master of making the whimsical seem profound; not at least since the day long ago when I made the adolescent-switch away from airplane glue to pleasures more organic. Now, having made the adult-change-of-life-switch in drug of choice from alcohol to Zetia, I find myself compelled to once again quote Kurt, in an effort to make the profound seem whimsical.

So it goes (though the line belongs to Vonnegut, I prefer to attribute it to Nick Lowe).  

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A Mideast Rerun

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Yesterday was a a day of tragedy.

I will not second guess Israel's efforts at self defense because, unlike the Israelis, I don't have to live with the consequences of either action or inaction, but the fact that such actions may have been necessary does not minimize their tragic nature, it amplifies it.

Everybody knows what a Mideast Peace would look like and no one knows how to get there. Those on both sides who live in denial of these facts, including Gaza's Hamas rulers and most of the Lkud slate in next year's election (though possibly not Mr. Netanyahu) doom the world to more days like yesterday.

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The Decider II

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“Then he ran for — then he ran for the state legislature and he got elected. And nearly 130 times, he couldn't make a decision. He couldn't figure out whether to vote 'yes' or 'no.' It was too tough.

He voted — he voted 'present.'

I didn't know about this vote 'present' when I was mayor of New York City. Sarah Palin didn't have this vote 'present' when she was mayor or governor. You don't get 'present.' It doesn't work in an executive job. For president of the United States, it's not good enough to be present.

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