The baby boomer generation, now in their 50s to 70s, should stop thinking about putting their feet up when they retire – and maybe not retire at all for the sake of their health, according to the government’s chief medical officer. Professor Sally Davies, in her latest annual report on the health of the nation, to be published on Tuesday, …
Andrew Levine – The Age of Stupidity is Upon Us
What if when the World Trade Center and the Pentagon were attacked, the United States had had leaders like the ones that built the post-World War II world order? Those guys weren’t angels: they got the Cold War going, and they set the American empire on its global course. But they weren’t stupid. Even at a time when, unlike now, …
Dean Baker – China stock panic could pop housing bubbles
One of the benefits of the massive inequality in the distribution of wealth is that the vast majority of us can sit back and enjoy the show when stock markets go into a worldwide panic, as they have been doing for the last couple of weeks. Despite what you hear in the media, fluctuations in the stock market generally have …
Bill Holter – The Quadrillion Dollar Derivative Debt and the “Bail-in”: When you Deposit Funds in a Bank, it Becomes “Their Money”
The world is awash with “promises”. Nearly everything we think of as having “value” is because of a promise behind it. A few examples; your bank accounts, retirement funds, bonds and even the dollar bills in your pocket. Your bank account for example, once you deposit the money it is no longer yours. You can argue this if you wish …
Robo-Journalism Will Produce 1 Billion Web Stories in 2015 (This Isn’t One of Them); McJournalism Coming Up – Mike Shedlock
I sometimes get asked what I am going to do when I am replaced by a robot. On other occasions, I get emails from people hoping I get replaced by a robot. Those in the second group typically accuse me of not knowing what it is like to not have a job. Actually, I do know what it is like …