Financial Armageddon has a whole bunch of links to stories from countries around the world considering raising the retirement age as a way of dealing with an aging population and the inability to pay all those retirement benefits. [more]
I am reading an post by Yves about trying rein in banker's pay and Yves suggests, "The evidence that US capital markets firms are firmly in the hands of hopeless sociopaths continues to mount." [more]
This isn't about a relationship between the two, but rather one of the developments in the north is looking at existing drill holes close to communities as potential sites for geothermal electrical plant. Apparently to make a small plant for a small community as where I live the thermal energy needs to be harnessed from about 2-4 km below the surface and existing drill holes can be in that range. [more]
There is an awesome Scribd in this Big Picture post that seems to pull together a lot of my market thoughts. [more]
I suppose it has been about 3 years since I realised people will not be getting the pensions they think they are entitled to. [more]
I have intended to visit deflation again after core CPI showed deflation for the first time since 1982. Mish summaries it nicely. [more]
There is an article suggesting that Britain may be in for a more severe financial crisis then Greece. I taught in Britian in 2005 and having lived in the state of the country I have been saying the pound is in big trouble ever since. I have not looked at the exchange rate for the pound for some time. When I first went over it cost $2.30 Canadian for a British pound. I just checked the exchange rate and now it would cost only $1.61. [more]
I do like Anderson's Krugman-in-Wonderland blog. I was reading Krugman's blog for a very short time, but I couldn't stand the nonsense in it. [more]
One of the things about living in the north is I am learning about northern issues. Lately I have been studying the caribou. There are many species of caribou, but the herds appear to be in massive decline lately. [more]
See Big Picture
They raped the taxpayer, and they raped their clients.
Not sure where I was reading it last week, but news I was reading was saying that people were not behaving as expected in that they were letting their mortgage default in favor of paying their credit card bill.
You'd think that would hold credit card defaults down, but they are still rising.
Oh goodie, I just found a blog that I think I am going to enjoy reading very much...
Krugman in Wonderland.
Big Picture has a post on how the number .4 does not show up much in earning. It seems that 0.4 is close enough to 0.5 so numbers are "massaged" to raise it so that earnings can be rounded up. [more]
Here is a report on the difference in the H1N1 flu compared to a normal flu season. What struck me about the report is the average age for hospitalization 28 versus 71 for a normal flu? What a difference.
I saw these graphs on the big picture about the level of food stamps. [more]
An article I am reading about teen unemployment reminds me of the teen sentiment of my youth. I remember being too young to get a job at 13, but watching 15 and 16-year-old go out for a day or two job hunting and landing a summer job. By the time I was that age jobs were hard to come by. I remember going all over the place with my resume and not getting any where. I eventually did land a job through someone I knew who knew a place was hiring. [more]
Mish has a post showing the cuts governments are now making because of the dire budgets. These cuts should have started last year instead of the fool stimulus programs that have simply resulted in greater debt and greater cuts now. [more]