Morning Reads – Thursday, December 1, 2016

Finally, December is here. On this date in 1959, 12 countries, including the US and USSR, signed a treaty that set aside Antarctica as a scientific preserve, which would be free from military activity.

Peaches

Jimmy Carter

Sweet Tea

Liberty Drum

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davidmac
davidmac

When you write that GS says “everyone will benefit” – you mean the 43% of Americans who participate in the stock market, as opposed to the 57% who do not. (Bankrate survey, July 2016) You mean the 6.4% of Black Americans who own equities, as opposed to 24.5% of non-Hispanic whites. (US Census Bureau, Wealth and Asset Ownership, 2011). You mean the 9% of Americans in the lower two quintiles by monthly household income, as opposed to 40.2% in the top quintile. (Census, ibid.) The 76.7% of top quintile earners who have a 401(k), as opposed to the 8.8% in… Read more »

raconteuse
raconteuse

“Who benefits from a rising stock market? The wealthy. Not everyone.”

This just isn’t true. It may be true that the wealthy benefits the most, but a large majority of American workers have their retirement accounts in 401ks etc. We can talk about whether that’s a good thing or not, see http://blogs.wsj.com/cfo/2015/05/15/shift-to-401k-plans-increasing-income-inequality-study/ or https://www.bloomberg.com/news/articles/2016-08-24/the-401-k-is-wreaking-havoc-on-retirement, but there are plenty of non-wealthy people with their retirement wrapped up in the stock market.

davidmac
davidmac

>a large majority of American workers have their retirement accounts in 401ks etc.

If the predicate is (of American workers with retirement accounts), then yes.
However. Only 42.1% of Americans have 401(k)s or TSPs. Only 28.9% have IRAs or Keoghs.

Of those in the lowest quintile, 8.8% have 401(k)s, and 10.9% have IRAs. In the 2nd-lowest quintile, 21.9% have 401(k)s and 18.4% have IRAs.

So that’s in the neigborhood of 70-90% of lower-two-quintile earners without retirement savings.

All data is from the Census report found at: https://www.census.gov/people/wealth/.

Dave Bearse
Dave Bearse

Those lower quintile people aren’t real Americans.

gcp
gcp

State Supreme Court overturns Burrell Ellis corruption conviction. Dekalb County taxpayers may owe him over $200,000 back pay.

Yes to Scott Brown at Veterans Administration. The Wizzard of Wasilla (Palin) would not be a good pick.

Strange situation in Atlanta. While out on bond for murder a 21 year old is arrested for the murder of his 15 year old cousin.
http://www.ajc.com/news/crime–law/bond-for-man-accused-fatally-shooting-his-cousin/DgznexfRzVVAQEffPA25mM/

CoastalCat
CoastalCat

The idea that Palin is being considered for anything is ridiculous. What an insult to our veterans who deserve so much more.

Bart
Bart

The last 8 – 12 years are ‘an insult to our veterans’. Not saying Palin is the answer, but guarantee veterans are rightfully anticipating a more respectful and proactive administration starting 1/20.

CoastalCat
CoastalCat

Mr. Obama has made a lot fewer wounded veterans by shutting down two ill-advised wars. Trump talks the talk but his donations to veterans have to be publicly shamed out of his bank account.If he puts a dithering idiot in charge of the VA, then we will know he has no real concern.

bethebalance
bethebalance

the VA was a bad mess a long time in the making, maybe even since Vietnam.
but yes, so much more to be done there, esp. in access, mental health care, lifelong care and family care.
and not for nothin, but the Pres has also made tremendous strides against vets’ homelessness.

chefdavid
chefdavid
John Vestal
John Vestal

Timelapse of Unit 3 reactor vessel placement

Will Durant
Will Durant

Pretty cool but it lacked a counter indicating the time lapse billions of dollars over budget that increment with each tick of the clock they are behind schedule. No matter for the Southern Co. stockholders however as all of the overruns are being passed on to the ratepayers. Thank you PSC!

chamblee54
chamblee54

https://chamblee54.wordpress.com/2016/12/01/william-sallie-and-john-moore/
Traditionally, death row inmates claim inadequate representation in their appeals. In William Sallie’s case, one set of lawyers resigned. They were going to have to claim inadequate representation against themselves. This case is not the legal profession’s finest hour.

Noway2016
Noway2016

Megyn to CNN? Good riddance. Never liked her at all. Go to a competing network with a pittance of her current viewership? She’ll become Deborah Norville/Katie Couric #2 in short order.

bethebalance
bethebalance

article on student loan debt from Fortune, at the end says: “Specifically, the incoming administration may choose to end rules that make it easier for students who were defrauded by for-profit colleges to have their loans forgiven.” is this just pure conjecture, or something some ppl are expecting from a Pres who says that he can have no conflicts of interest? fyi, there’s a diff bw something being lawful and something being existent. but i guess as long as he’s Pres, he will be above the laws of conflict-of-interest. i just imagined if either of the candidates had such a… Read more »

Noway2016
Noway2016

Crowd going nuts – and it’s just Pence up there! Lol!

Noway2016
Noway2016

Trump is having a ball!!!! Please don’t stop!!!! This is fun!!!

Noway2016
Noway2016

I don’t expect any agreement except maybe from Bart, but thatwas the hest political speech I’ve ever seen! Jeez Maneez…