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  • The End of Growth In The United States [View article]
    You seem to be missing my point. "Widget assemblers" are fine, at $40,000 a year, not $60,000+. The work done just does not warrant such a large wage.

    Yes, we all can be replaced. Nonetheless, America is becoming more and more a knowledge based economy. Therefore, some will be able to weather the storm better than others.
    Dec 6, 2011. 11:37 AM | Likes Like |Link to Comment
  • The End of Growth In The United States [View article]
    My job requires mangaing people and resources on two continents, identifying and assigning talent as well as directing the usage of materials based on an in depth knowledge of polymer chemistry. I have so much more responsibility than a "widget assembler" it is ridiculous. You just need to come to work sober and actually, maybe give a shit about your job once in a while.You should make no more than $40,000 a year for what you do. This has nothing to do wih class warfare. Rather, it has to do with getting the economics of the American workplace back in order which in turn will have wider cultural ramifications.
    Dec 6, 2011. 08:45 AM | 1 Like Like |Link to Comment
  • Alarmed by talk of increased Western sanctions that could reduce or even halt its oil exports, Iran warns crude oil prices could surge to at least $250/barrel. The warning is part of Iran’s attempt to intimidate its adversaries, and it could be working: European fears grow that new sanctions would hurt themselves more than they would hurt Iran. Crude prices finished with only slight gains.  [View news story]
    macca, these are just the frightened, ignorant fringe idiots. I am sure Australia has them, too. Every civilization does. Some more than others, however.
    Dec 6, 2011. 06:38 AM | Likes Like |Link to Comment
  • Asia is facing "much greater downside risks" because of the possibility of new recessions in the U.S. and EU, and the threat of destabilizing capital flows, says the Asian Development Bank. The possibility of another global financial crisis means Asian countries must have "sufficient flexibility" to rapidly adjust policies.  [View news story]
    Articles like this are ridiculous. You might as well say, "If 3 ton boulder falls on man, he will be grievously injured". This is nothing more than making hyperbole out of the obvious. Moreover, it is by no means a certainty there will be a recession. Frankly, it looks more and more like there won't be. Articles like this are nothing more than worthless pot-stirring.
    Dec 6, 2011. 05:15 AM | Likes Like |Link to Comment
  • The End of Growth In The United States [View article]
    My point exactly. There is absolutely no reason why you should make that type of money for that type of work. It is bad economics.
    Dec 6, 2011. 04:55 AM | 1 Like Like |Link to Comment
  • The End of Growth In The United States [View article]
    You mean like when the city of San Francisco had the new cable for the Bay Bridge built (you know constructed, welded, etc.) in China and had it shipped to the US because a Union ironworker in the US makes $40 an hour and a Chinese ironworker makes $40 a day, thus providing a savings of 400 million dollars with the same quality material and workmanship? Is that what you mean? One more thing, the engineers that designed the cable and the subsequent structure were all US engineers. Is that what are talking about also?
    Dec 5, 2011. 12:49 PM | Likes Like |Link to Comment
  • The End of Growth In The United States [View article]
    The only way the US goes to war with Iran is if Rick Perry gets elected in 2012. Not going to happen.
    Dec 5, 2011. 12:18 PM | 1 Like Like |Link to Comment
  • The End of Growth In The United States [View article]
    Well, what do you do with them? At least in a CCC type environment they are performing value added work.
    Dec 5, 2011. 10:21 AM | 1 Like Like |Link to Comment
  • The End of Growth In The United States [View article]
    The Democrats are actually distancing themselves from the white working class. It is the Republicans that are taking up that proletariat banner and running with it.

    The OWS types are the crescendo of the entitlement culture. They are educated, but do not know how to work.

    The economy, and therefore culture, is changing. The blue-collar entitlement is over. The OWS represent a white collar entitlement that needs to be nipped in the bud.
    Dec 5, 2011. 10:05 AM | 3 Likes Like |Link to Comment
  • The End of Growth In The United States [View article]
    "Your dissertation fails to realize that your so called "rednecks" happens to comprise probably 85-95% of the US population, not by accent, not by race, not by faith, but by social status."

    No, they are in that position due to lack of education, intellectual curiosity and succumbing to a life of stupid consumption. You may call me whatever you choose, the core of the problem in the US is that its entire economic existence is/was largely based on these people. Now, the world economy has caught up to the US and we are caught flat-footed with an undereducated population that thinks it deserves $60,000 a year for putting a widget on a wobbler.
    Dec 5, 2011. 08:29 AM | 7 Likes Like |Link to Comment
  • The End of Growth In The United States [View article]
    I would create something akin to the CCC again. They need to be employed to the benefit of society. However, their will not warrant the inflated wages they have previously enjoyed.
    Dec 5, 2011. 08:22 AM | 2 Likes Like |Link to Comment
  • The End of Growth In The United States [View article]
    The ever increasing price of oil will drive investment, money and R&D into renewable sources of energy. That will spur growth and employment. The US, nor the world, is going to fall into an abyss. Humans are enormously industrious and resilient. After the renewable energy phase of the new economy will come the space exploration phase which will be very dynamic in terms of the movement of resources and capital.

    Mind you, the days of paying some half-witted inbred $25 an hour to stand around and pick his nose are thankfully over. The new economy, by its very nature, will be populated by more educated and technologically advanced people. This in itself is going to have a massive effect on the economy. Mainly, the majority of the money will no longer be in the hands of the ignorant. Rather, it will be in the hands of the educated and those who see more sense in investing their money for themselves and their children rather than buying cigarettes, big screen TVs and large pick up trucks.

    This will also change society. The people with disposable income will no longer be beer-swilling NASCAR troglodytes. Thus, successful cities and towns will have to cater to the new income generators. Like where I live, a city that is comprised of engineers, scientists and other highly educated people earning $75,000+ a year. Its bike trails, museums, cultural events, excellent schools (that we actually invest in versus squeezing dry), etc.

    What this economic downturn is going to drive into the abyss is redneck America that has had far too large of the pie for too long.
    Dec 5, 2011. 06:44 AM | 4 Likes Like |Link to Comment
  • In addition to action against Iran, EU foreign ministers are set to endorse an export ban on telecom equipment and software to Syria, and an export ban on key technology for the oil and gas sector.  [View news story]
    Good. It needs to be understood that if you want to be a part of the 21st century economy/world, you need to comport yourself as a civilized, non-theocratic government rather than a bunch of lizard-brained savages.
    Dec 1, 2011. 10:17 AM | Likes Like |Link to Comment
  • CNBC has good layman explanations as to what today's central bank action means and the mechanics behind it. Essentially, the Fed provides cheaper dollar funding to the ECB, which can can then provide cheaper dollar loans to EU banks. Two points of note: the move helps EU banks lend to U.S. firms, among others, and the Fed is lending newly created dollars.  [View news story]
    Won't this help exports and thus continue to bolster manufacturing?
    Nov 30, 2011. 11:45 AM | Likes Like |Link to Comment
  • CNBC has good layman explanations as to what today's central bank action means and the mechanics behind it. Essentially, the Fed provides cheaper dollar funding to the ECB, which can can then provide cheaper dollar loans to EU banks. Two points of note: the move helps EU banks lend to U.S. firms, among others, and the Fed is lending newly created dollars.  [View news story]
    Pretty damn clever. Naysayers, what say you?
    Nov 30, 2011. 11:36 AM | Likes Like |Link to Comment
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