Public Pensions In the U.S. face a $2 T shortfall; that’s how much additional money that isn’t there now will be needed to pay what is owed to public employees. Private enterprise gave up pensions for 401k and IRA plans long ago when they saw this coming. Public unions refused. The Fed has kept interest rates too low for pension funds to earn sufficient returns to pay these pensions. Somebody’s gonna get screwed; we leave you to prophecy who will take it in the shorts … it’s an awful lot of money!
We’re told that the Cost of battling ISIS is about $10 M per day. We suspect that’s a lowball.
Sir Tim Berners-Lee (who invented the World Wide Web) warned again of the threat posed by governments and corporations seeking to control it. (If anything, he understates the case.) Apropos of this, the Right-to-Snoop and appropriate rules therefore are being widely debated among interested parties … but no one seems to want the public’s opinion.
The Russian Ruble has weakened o a new record low against other currencies. The Russian central bank may intervene … Mr. Putin’s chair is developing hot spot in its seat. Will he be more cautious … or more reckless?
The Swiss just voted down a proposed change from private to government health insurance …
The District Attorney’s of Los Angeles and San Francisco (Both Democrats) got together to bring charges against ride-sharing operators Uber, Lyft and Sidecar. The charges seem to us to be legal trivia. But the taxi unions are having a fit over the competition from ride sharing, right? (Tell us again: What does “free enterprise” mean?)
The WWII Axis Powers were Italy, Germany and Japan; do we have The New Axis for a new century in Russia and China? (A discussion)
California has banned single-use Plastic Bags starting next July. (BYOB taking on a new meaning) CA has also passed a law allowing frightened family members to request that the police come and seize the guns of another member whom is seen as threatening. This ought to become interesting!
New Mesico’s Minimum Wage increases are said to be crippling mom and pop restaurants.
A Deer was killed by a roller-coaster.
An Elderlay Man was punched in the face and thrown to the floor by a 26 year old Applebees diner, for asking him to refrain from cursing.
A worker hid $1,200 worth of Meat in his pants. (Honi soit …)
Police officers are being assigned to some Memphis city buses after school to deal with “unruly kids.”
Chicago last weekend: 4 dead, 18 wounded in shootings.
A Naked Man was tased by police at the Atlanta Airport. We aren’t sure why he was tased; he was just modeling the approved wardrobe for next year air travel … And Another Cuople has been arrested for public xex at a Florida retirement home.
Thus your listed human high (and low) jinks from another week. Enjoy … (If you can,)