December 02, 2010

Euro-division exacerbates euro-contagion [Fritzworth]
— Open Blogger

Early Friday morning here in France, and the hits just keep on coming. Replace "European Union" with "United States", and we may see into our own future a bit:


The European Union and the 16 nations that use the euro face two crises. One is the immediate problem of too much debt and government spending. Another is the more fundamental divide, roughly north and south, between the more competitive export countries like Germany and France and the uncompetitive, deficit countries that have adopted the high wages and generous social protections of the north without the same economic ethos of strict work habits, innovation, more flexible labor markets and high productivity.



As Europe grapples with its financial crisis, the more competitive, wealthier countries are reluctantly rescuing more profligate economies, including Greece and Ireland, from fiscal and bank woes, while imposing drastic cuts in spending there.

In our case, the division isn't north vs. south, it's red states vs. blue states.

In the meantime, we head for the airport in a little over an hour to fly home ("Back in the US/Back in the US/Back in the USofA!"). But next week, I'll make another trip, this one to a strange country, one with its own peculiar reality and economics, where my sweet wife and I lived for six years. Yes, I'm talking about the District of Columbia. Stay tuned. ..fritz..

Posted by: Open Blogger at 08:49 PM | Comments (34)
Post contains 234 words, total size 2 kb.

1 Looks like the Free World is screwed as bad as those 3d world countrys.

Posted by: Lurkin'no'mo at December 02, 2010 09:13 PM (6zvrq)

2
I'm just warming up.

Posted by: Mayan Calendar at December 02, 2010 09:31 PM (zSAp9)

3 Meh.

I had a conversation with my 75 year old Dad today. 

He's going to file for bankruptcy and hears tell from his FA of some 82 year old who used to be worth about $2 million but took a job at Wal-Mart and says it's a hoot.

He asked me to be on the lookout for jobs for him.

Fuck.

He has a college football injury to his knee that I know bothers him even after the "miracle" arthroscopic surgery he went through 7 years ago.

I asked him how good he is with standing for extended periods of time.

He thinks that it's no problem.  So long as he doesn't have to negotiate stairs or inclines.

I'm calling bullshit.  I've had jobs where I had to stand 4-12 hours, in the same place, at a stretch, in my 20's.

It starts to hurt, cumulatively.

Older I got, longer it took to recover.

MP service at Camp Pendleton was an awful long time ago...

How do I even help him write a resume?

I don't think he's had a "job" for like 15 years or so.

I'm going to push more for him being a CSR than a greeter at Wall-Mart for these reasons.

Though, I did do a stint at Convergys one summer break and might have poisoned his whole view of "telephone work".

"I took a telephone job in Chicago, for Sears, in the '70's!  $10 per hour, plus commission.  I wouldn't exactly sneeze at that now!"

"Yeah Dad. It's pretty much the same now, $10.00 per hour, no commission and you get to check out the super awesome prison tats of your 22 year old co-workers."

"Also, I don't know about the men's bathrooms but I would advise "holding it" 'till you can get to a skeevy gas station, at least.  Never seen so many used condoms in a public place since I lived in Greewich Village in the early '90's the two times I attempted the female facilities"


Posted by: Deety at December 02, 2010 09:34 PM (Jb3+B)

4 Given that Government, in general, is simply an experiment in which most of us strive to live at the expense of the others, this is nothing other than the most likely economic outcome.

Posted by: navybrat at December 02, 2010 09:48 PM (dJhE/)

5 As Europe grapples with its financial crisis, the more competitive, wealthier countries are reluctantly rescuing more profligate economies, including Greece and Ireland, from fiscal and bank woes, while imposing drastic cuts in spending there. --- In our case, the division isn't north vs. south, it's red states vs. blue states. Y'all are gonna love bailing out Clownifornia. This WSJ story is from back in August, so guess what? You're already paying for Clownifornian excess. Author is Meredith Whitney, piece is titled "The State Bailouts Have Already Begun" ...state bailouts have already begun. Over 20% of California's debt issuance during 2009 and over 30% of its debt issuance in 2010 to date has been subsidized by the federal government in a program known as Build America Bonds. Under the program, the U.S. Treasury covers 35% of the interest paid by the bonds. Arguably, without this program the interest cost of bonds for some states would have reached prohibitive levels. California is not alone: Over 30% of Illinois's debt and over 40% of Nevada's debt issued since 2009 has also been subsidized with these bonds. These states might have already reached some type of tipping point had the federal program not been in place.

Posted by: George Orwell at December 02, 2010 09:51 PM (AZGON)

6 I tried to talk to my wife about hoarding canned goods as a hedge against hyperinflation. After some spluttering she said, "We don't have the house for hoarding. And it just invites trouble." It struck me as an emotional reaction to the word, more than anything. Never been in a bread line. It doesn't look like fun.

Posted by: fluffy at December 02, 2010 09:53 PM (SwkdU)

7 Sorry, the date on that Meredith Whitney story is actually November 3... It showed up with a different date at the WSJ website temporarily. Weird.

Posted by: George Orwell at December 02, 2010 09:55 PM (AZGON)

8 Relax. I got it all under control.

Posted by: President Ebola at December 02, 2010 10:04 PM (L9+2W)

9 If you want good information about storing, I recommend SurvivalBlog.com.

Posted by: navybrat at December 02, 2010 10:07 PM (dJhE/)

10 Currency is whatever you believe it is. What's even more crazy is that more people believe in us than anyone else.

We need to allow open Immigration for the Brits and then light the match

Posted by: Zakn at December 02, 2010 10:10 PM (zyaZ1)

11 I recommend SurvivalBlog.com. Informative and scary, all in one package. Life is good in the metropolis, for now.

Posted by: fluffy at December 02, 2010 10:33 PM (SwkdU)

12 I also live in the Metropolis. Life is good, for the moment. Keep in mind that we live at the whim of a river of trucks. No store has more than 3 days worth of ANY fucking thing whatsoever. If the trucks stop, we die. Maybe not today, or tomorrow, but down the line, yes. Meanwhile, we get to fight zombies, which is either a good thing or a bad thing, depending on your perspective.

Posted by: navybrat at December 02, 2010 10:50 PM (dJhE/)

13 if he's that old, he should get a boatload of credit cards and live off those. don't worry about paying it back. in the new obama world, you're entitled to fiscally screw over whoever is left holding the bag.

Posted by: befuddled at December 02, 2010 11:04 PM (xJU23)

14 We're gonna get sum of dat!

Posted by: google, evil at December 02, 2010 11:37 PM (YYDwl)

15 I tried to talk to my wife about hoarding canned goods as a hedge against hyperinflation. After some spluttering she said, "We don't have the house for hoarding. And it just invites trouble." It struck me as an emotional reaction to the word, more than anything.

Why not put it to her this way...

Yeah, canned is usually worse than fresh or frozen but...

Argument doesn't apply when it comes to any tomato product, frozen spinach or frozen peas.

Why not lay in a supply of lentils or Basmati rice that you fully intend to cook with canned chicken-stock rather than plain tap-water, sometime in the next 3 years...

(Me, I insist upon sweating a finely minced shallot in some hot oil before I introduce my Basmati for a quick toast, and pour some chicken stock over it to steam for 20 min. or so...  But I'm picky.)

Also, canned tuna...

You don't have to look too hard to find it at less than 60 cents per can on any given week, somewhere...

Mayo (another expense!) is kind of helpful for water packed tuna but I'll have to say I've not been too unhappy with my efforts into tuna salad that include oil-packed , prepared horseradish, lemon juice and liberal parsely on black-bread!

(Still a believer in tuna + mayo + sweet relish = AWESOME!)

I have low tastes.

Good thing I remember being really poor in the early '80's.

Powdered Milk?

Fuck that!

My Mom was a terrible cook.

I hate to say it but it's true.

It's not that she didn't have access to quality ingredients in the lean times, which is true enough but she consistently, lean or fat, fucked up "Pork Chops" for god's sake!

I had no idea that mashed potatoes could come from anything other than a BOXof flakes until my mid 20's...

Sure, she was the eldest of 12 kids growing up and had to go through some tough economic times when she had some kids of her own but still...

There is just no goddamn explanation for a lady who could make amazing fried chicken from scratch (sooo AWESOME, you would Wolverine to eat it COLD the next day!) and so indifferent to what her everyday meals tasted like...

Holidays, she would do it up.  Bring out "the recipe box" and whatnot and some of those were excellent and complicated recipes...

Boxed Starch,  Canned-Veggie, Cooked to shit Protein, rinse and repeat....

Me and my brother would just about lose our minds on a spaghetti day!

Why?

Garlic Bread.

( I actually prefer to make a pot of spaghetti sauce based on a McCormick spice package, a tin of tomato paste and my mix of GB and Italian sausage now.  I wouldn't bother buying any of the jarred stuff.)

Too sweet.





Posted by: Immelt, Soros & Buffett at December 03, 2010 12:04 AM (Jb3+B)

16 Another is the more fundamental divide, roughly north and south, between the more competitive export countries like Germany and France and the uncompetitive, deficit countries that have adopted the high wages and generous social protections of the north without the same economic ethos of strict work habits, innovation, more flexible labor markets and high productivity.

That paragraph tells you all you need to know. France? Strict work habits? Innovation? Flexible labor markets and high productivity? No wonder Europe is so boned...they are so lazy that the French look like overachievers.....

Posted by: Damn Sockpuppet at December 03, 2010 12:11 AM (Ap5HJ)

17 Why just today, I was watching a bevy of plump doves feeding in my own urban back yard and thinking, yeah, I've had grilled doves before and they were positively delightful.

Posted by: navybrat at December 03, 2010 12:21 AM (dJhE/)

18 Wait a minute, a libtard acquaintance of mine told me that the Red states are a drain on the more educated, productive, and and sophisticated Blue states.

Posted by: Damn Sockpuppet at December 03, 2010 12:41 AM (Ap5HJ)

19 Also keep in mind that your average person is only 4 missed meals away from doing acts previously thought as completely unthinkable.

Posted by: navybrat at December 03, 2010 12:41 AM (dJhE/)

20

Fritz. Good updates, now get back home!

Posted by: journolist at December 03, 2010 12:57 AM (LwLqV)

21 If the trucks stop, we die. Maybe not today, or tomorrow, but down the line, yes.

Give thanks to that "Receiver" in back of every Grocery store that you have ever been in.

This is the dude/chick that checks in every freaking vendor delivery from bread to soda-pop to beer, each and every day.

Honestly, I'm kind of humbled when I have to get a "Receiver" involved in my shit.

They have better things to do and more urgent uses for their space and time than my "Mandated by Corporate" project.

"I've been off for 2 weeks.  What are you looking for again?"

"That."  *Points to the 5th tier on a warehouse scaffold*

"I thought you couldn't find what you were looking for!"

"I couldn't until I suddenly did.  That's it!"

"I've got an entire truckload of groceries to move into this back room!"

"So, probably better to ask you to use the forklift and get my box down now rather than later.. It's gonna get crowded soon, no?"

"Fuck You! I don't need this shit. I have better things to do!"

"I'm sure you do.  Me?  Alls I wants is to get that box down here so's I can set up a display."

"You can't do that in the back-room, we're too busy, no space."

"Fine. I'll do it in the lobby.  You just get your Jenga-ass forklifts to get that box off of the top shelf and you will never hear from me again."









Posted by: Immelt, Soros & Buffett at December 03, 2010 01:00 AM (Jb3+B)

22 if he's that old, he should get a boatload of credit cards and live off those. don't worry about paying it back. in the new obama world, you're entitled to fiscally screw over whoever is left holding the bag.

Meh.

My Dad actually said that he has a bunch of credit-cards that are going to "go dead" end of this month.  He is encouraging me to ask for shit from him.

Fine.

What I want for Christmas is a Kindle.

For Christmas, I need a short, pea coat style, woolen coat (member when my car got busted into and all they took was ugly pantz?  Yeah, they took my winter jacket too.  I didn't notice it at the time of the break in, it being July and all and wondering "who the fuck steals nothing but ugly size 5 work-pants?!)

I had tools in that car.

They took my pants!

So, you got an ancient, ugly green pea coat!

I hope those last few buttons leap from your fingers and leave whomever is wearing it tonight shivering in abject confusion.

I mean, I have a kind of nice full length winter coat. 

2 of them really if you include formal occasions.

I want my "Barn Coat" back!

Not likely to happen.

Instead, I hope that whomever is wearing my fucking size 5 pants and my fucking coat, I hope that you are freezing to death right now somewhere in the Sonoran dessert.

Because you deserve it!




Posted by: Immelt, Soros & Buffett at December 03, 2010 01:56 AM (Jb3+B)

23 Well folks if you thought Pigford was bad just wait. Everyone is getting in on this "free" money now. I mean shit, why not? The DOJ is not even defending these BS suits they show up in court and offer a "settlement" regardless of merit.

Black Farmer Mega-Settlement Clears Way for Discrimination Claims by Women, Hispanics

http://tinyurl.com/23xngfo

The so-called "Pigford" case involving black farmers who allege the Agriculture Department cheated them for decades drew to a close Tuesday when the House joined the Senate in approving the second settlement in the case to date. But the lawsuits don't end there. Though Pigford has attracted the most attention, a separate set of cases filed by Hispanic and female farmers has been working its way through the courts since shortly after Pigford was filed more than a decade ago.

I say everybody is getting in on the act. That includes while males who are expected to pay for all these claims.

But the same lawmakers who fought Pigford warn that this week's congressional vote could lower the bar for the other discrimination claims. Rep. Steve King, R-Iowa, declining to comment on the specifics of the claims by Hispanic and female farmers, said he remains concerned that the farmers won't have to prove much in order to win a payout from Uncle Sam. He suggested anyone who's not a white male could have a shot.

No shit. Do these idiots have a damn clue. What they should be doing is impeaching Holder for failure to do his job.

Posted by: Vic at December 03, 2010 02:05 AM (e4sSD)

24 LOL, Nikki Haley already showing her meddle. Attacks Obama over Healthscam and Yucca Mountain.

http://tinyurl.com/2exmr5d

Recall that the courts have weighed in on Yucca Mountain already. They told him he could not "cancel" it since it was an act of congress.

So far he has ignored them. If he was a Republican they would already have impeached him.

Posted by: Vic at December 03, 2010 02:14 AM (e4sSD)

25 Vic - anyone know who has the keys to vault where all of that Nuc industry money to run Yucca is being saved - or did it get blended into the General Fund already?

Posted by: Jean at December 03, 2010 02:37 AM (CPefM)

26 So far he has ignored them. If he was a Republican they would already have impeached him.
Posted by: Vic

Mornin Vic, so she asked for the money back and he said talk to chu. What a leader we have at least on passing the buck.

Mornin Jean, I'm sure it's gone now and the only recourse is have the feds build Thorium Reactors *new age nuke plants* which can reburn the spent rods with up to 90% reclamation. At least that way there won't be so much to worry about planting in the ground.

Posted by: beanervt at December 03, 2010 02:42 AM (80nDA)

27 Vic - anyone know who has the keys to vault where all of that Nuc industry money to run Yucca is being saved - or did it get blended into the General Fund already?

Posted by: Jean at December 03, 2010 06:37 AM (CPefM)

It went into the general fund just like all the other money. That was the first suit in that they were way past the original due date. The government lost that one too. What money did not get to Yucca got spent on shit like Pigford.

Now they just halted it all together.

Posted by: Vic at December 03, 2010 02:46 AM (e4sSD)

28 Mornin Jean, I'm sure it's gone now and the only recourse is have the feds build Thorium Reactors *new age nuke plants* which can reburn the spent rods with up to 90% reclamation. At least that way there won't be so much to worry about planting in the ground.

Posted by: beanervt at December 03, 2010 06:42 AM (80nDA)

Our current generation of nukes are classified as "converters" because they already do that. U-238 undergoes fast capture and then decays to Pu which is then fissile. 

At the end of three cycles a large portion of the power comes from Pu. The Thorium fuel cycle would likely be too expensive as the percentage of fertile material in Th is very very small.

Posted by: Vic at December 03, 2010 02:53 AM (e4sSD)

29 Headline thread now up.

Posted by: Vic at December 03, 2010 02:56 AM (e4sSD)

30 Wow - you know a region is boned when you positively comparatively consider France among the countries with "strict work habits, innovation, more flexible labor markets and high productivity".

Posted by: DocJ at December 03, 2010 03:11 AM (IIVLP)

31 Going to DC? Be sure to get your shots updated.

Posted by: joncelli at December 03, 2010 03:44 AM (MLQL2)

32 20 Wait a minute, a libtard acquaintance of mine told me that the Red states are a drain on the more educated, productive, and and sophisticated Blue states.

And that same drone will still support the central government that confiscates and redistributes that wealth, then complain about it.

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