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Thank you for sharing this. I usually listen to NPR but missed this particular article. If only people would focus on the few, simple, cheap BUT REALLY IMPORTANT things that they should do and then just leave their damn kids alone we'd have young adults turning 18, not 18yos who act like tweens.
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This is great info. I've long been an advocate for community colleges(since I've attended them) and getting a trade. If kids that were getting bored with math, yet another year of history and some bat yelling at them in English had an option to go down the path of getting a skilled job in public education we'd be much better off. The 16 year old high school dropout who lives next door and mows lawns is a perfect example of someone who could have been tempted to stay in school if they taught something that would make him money. He's got work ethic as he's building his mowing business and will help me even when I don't have the money to pay him. And not easy work, we pulled out a hedge stump a month ago that was a real pain in the butt and he helped me clear out a sidewalk that was overrun with poison ivy and brush. I paid him $21 to clear the brush aftewards just because he worked so damn hard. I don't think he expected anything in payment. Anyhow, his dad rehabs houses. If he was able to go to school and learn carpentry, plumbing or HVAC he would be primed to immediately move into his dad's business with him. Instead he's a drop out mowing lawns. And I'm reading more of your posts and you seem more like an independent like me. So sorry if I incorrectly associated you with the democrats earlier.
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and yet Jon, the irony is that cars DO kill more people than guns and are much more poorly regulated. I'm fairly independent on a lot of issues, and not idiotic Tea Party independent but truly I have non party opinions that leave me basically without a party I like. But I am a gun guy. So of course I'm not as nervous about them as you are But I am well versed in the statistics and the statistics basically explain away most of the fear some people have about guns. If you talk to most gun owners you'll find that we(not the NRA) would favor much heavier penalties for those who misuse their weapons. For instance, recently in Kansas City a woman shot her own child in a gas station by mistake. She had a gun in her purse and it went off. I don't know if a pen got stuck in the trigger because she carried it wrong or if the kid pulled it out... But almost every gun owner I know wants that lady put in jail for a fair amount of time. But because that's not a politically smart move the prosecutor is going to let her go. Some of the sentimentality of it goes along with arguments like "hasn't she grieved enough already?" or "everyone can have mistakes" So we get stuck in this weird position where gun owners want gun violators to be treated more harshly but it doesn't happen. So we have to appeal for our gun rights to be upheld while we can't get the prosecutors to actually punish those who break the law with guns. Finally, I'll say this. No matter how you feel about guns, I plead with you to not make an issue of it with the Democrats. Lately the Republican party has been going absolutely nuts with racists and just flat out idiots. But if the Democrats start taking a hard line on guns all of the sudden all of the independents are going to run away and vote Republican just due to that one issue. And there are so many gun owners and they vote much more regularly than my Democratic friends. For my part, I continue to try to reel in insane Republicans that claim that everyone is out to get their guns or tax their ammo or whatever.
Toggle Commented Jul 11, 2010 on Armed at Jon's Font of Worthless Information
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If this happens, it's important to understand that it will be a legal dodge to avoid paying further damages. Mergers and acquisitions rarely take on the responsibility of the initial institution. For precedence look at all the airlines that would go bankrupt or merge and in the process destroy their retirement plans. I wish BP would be held fully responsible for this disaster but if they get bought out it's likely that dropping or limiting liability for the disaster be a part of the change. You may already know this, as you have a job that requires you to read a bunch of legalese investment jargon. So if I'm stating what you already know or agree with, I'm sorry.
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The rich also tend to have more business experience. Business default strategically on a regular basis and have no emotional or moral compass misgiving about the default. For them, if they determine that dropping a property by neglecting payments is cheaper than notifying the bank they want out then that is the least costly way to undo an investment into an area that didn't produce the expected profit. Likewise, they have more friends who have dealt with company downsizing and it just doesn't carry the stigma that most Americans place on a foreclosure. Not to say that they won't take a hit on their reputation but they would take a worse hit if they did the stupid thing and didn't pull their money out when it's obvious that there are other investments that would pay out better than the currently losing one. I really don't wish to see the rich punished more for what they're doing. I'd rather see the middle and lower class have the courage to follow their path. When people act more logically about housing as an investment we may be able to get people to start moving back to the core of cities, investing in transportation, not flee to the suburbs due to racism, etc.
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Jul 11, 2010