Category: Monetary Policy


New World’s Largest Yacht In The Works

 

 

 

 

 

 

 

” Better watch your back, (current world’s largest) 590-foot Azzam. Project “Triple Deuce” is coming. And at 728 feet (222 meters), she’s going to send you, and other yachts in your category, into relative obscurity as she swipes your title as the world’s largest yacht.

“ Project Triple Deuce is about to set the world on fire as not only the largest private yacht ever built, coming in at a whopping 222 meters, but also the most expensive, at a cost of over $1 billion USD,” said Craig Timm, yacht broker at 4Yacht, Inc., responsible for selling Project Triple Deuce to his client.

  To put this massive yacht in perspective for the layman, the sheer size of Triple Deuce even dwarfs some cruise ships. As an example, Costa Cruises has a ship named Costa Classic that is 722 feet long and carries 1,308 passengers and 590 crewmembers. But Triple Deuce is a private yacht, and is designed to carry only 36 guests in opulent luxury with a crew complement of 90-100.

  In addition to being the longest private yacht in the world at 728 feet, the yacht will have a beam of nearly 82 feet, and a draft of nearly 16 feet.

  She’ll be no slouch in the speed department either, with top speed projected to be in excess of 30 knots—to be achieved by triple gas turbine engines generating over 100,000 horsepower. The yacht also has no rudders. Electric podded propulsion units will handle maneuvering. 

 

 

4Yacht Inc Project

 

 

 

Owner and guests will live like royalty

  The owner’s suite, at 2,960 square feet (275 square meters) over two stories, will encompass nearly one full deck of space in the seven-deck yacht, and offer unparalleled views. It will feature two staterooms, and will include private access to a helipad and an elevator from an exclusive drive-in dock, as well as all the luxury amenities you would come to expect. The owner’s suite also offers a private gym, office and study, private dining area, butler’s stateroom and more.

  Onboard guests will be similarly pampered in four VIP suites of 968 square feet (90 square meters) apiece, and 12 guest suites, each at over 645 square feet (60 square meters). All guests will have access to the yacht’s two pools, one indoor, one outdoor, multiple Jacuzzis, spa facilities, full time masseuse, hair stylist and barber, as well as all the water toys the yacht can carry.

 

Who Would Buy A Yacht Of This Size?

“ It takes a person of vision, someone with a dream to own the worlds largest yacht and to bring it to reality,” claims Timm. “For several years, we have advertised the sale of a 200-meter yacht and have worked with several UHNWI as well as several Middle Eastern clients toward the goal of building a yacht of this size. We had many discussions with our buyer that a yacht of 200 meters was of sufficient length, however with the launching of Azzam recently at 180 meters, that all changed.

“ What our client was concerned about is that if we built the yacht to 200 meters, then someone would come along like Roman Abramovich when he built Eclipse at 163.5 meters, to barely ‘eclipse’ Sheikh Maktoum’s yacht, the 162-meter Dubai, by only 1.5 meters,” said Timm. “By building the yacht to 222 meters, he wants to make it difficult, if not impossible, to be ‘eclipsed’ himself.”

  According to Timm, construction of Project Triple Deuce will begin at a European shipyard, which has still yet to be decided, in the next 6-12 months, with a target delivery date of spring 2018. He goes on to say that the yacht will be built under the 100 A1 Passenger Ship Classification and be fully PYC (Passenger Yacht Code) Compliant.

 

What will it all cost?

  Current large superyachts run about €3.5 million to €4 million per meter to build at the best European shipyards.

  Doing some quick math, it seems that Project Deuce will cost €777 million to €888 million, or at the current USD exchange rate, $1.1 billion to $1.2 billion.

“ Don’t forget to add in annual operating costs,” Timm said. “On a yacht of this size, it will run the owner an additional $20-$35 million USD per year.”

  Much like the race to build the tallest buildings in the world, such as the Shanghai Tower at 632 meters (2073′), or the Burj Khalifa at 828 meters (2717′), super yachts will continue to expand their size depending on who needs to have the biggest and best yacht.

 

How Long Will Project Triple Deuce Hold Its Position As The World’s Largest Yacht?

“ That’s hard to determine, as there is a limit, not in size, but functionality and logistics,” Timm said.  “We haven’t gotten there yet, but if the uber wealthy of the world have their way, Project Triple Deuce will be toppled in the future. How soon? That will be anybody’s guess.” “

 

Thanks to Yacht International

 

 

 

 

 

 

 

 

 

 

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How Asset Forfeiture Allows Cops To Steal From Citizens

 

 

 

 

” It probably seemed like a bright idea at the time: Let the police seize the ill-gotten gains of alleged drug dealers and other suspected criminals and sell it, using the proceeds to buy much-needed crime-fighting gear.

  Unfortunately, the process—civil asset forfeiture—did not require convicting anybody of a crime. In fact, it didn’t even require charging anybody with a crime. Not surprisingly, this led to rampant abuse, which has been abundantly documented for many years. Various reform efforts, including a 2000 federal law, have been unable to stop what’s become known as policing for profit.

  But Virginia lawmaker Mark Cole is going to give it another shot. That’s as good a sign as any that civil asset forfeiture has jumped the shark. “

 

 

  We wish Mr Cole good luck . Legalized theft , aka civil asset forfeiture , is an abuse that is completely incompatible with the spirit of America as well as being blatantly unconstitutional .

 

Reason

 

 

 

 

 

 

 

 

 

 

 

Trial Lawyer Industry Tries To Buy A Democratic Majority

 

 

Lawyers Political Contributions

 

 

 

” If you follow the money in the 2014 election — if you look past the audacious nine figures of liberal billionaire Tom Steyer, and past the well-heeled tentacles of the Kochtopus, and past Karl Rove and Harry Reid — you will find a little-noted major player in the battle to control the U.S. Senate: trial lawyers.

  Lawyers and law firms have given more money to House and Senate candidates and party committees than any other industry, with an overwhelming majority going to Democrats.

  Lawyers are top donors in all of the most competitive Senate races. The top lawyer lobby in Washington is a leading bundler and PAC donor for the Democrats’ official and unofficial campaign committees.

  Ironically, despite all these tens of millions in lawyer dollars trying to keep the Senate in friendly hands, it could be the industry’s unpopularity that hands the U.S. Senate to Republicans.

  Trial lawyers love Democrats because Democrats advance policies that help trial lawyers make money. More regulation and more legislation often means more litigation. Democrats oppose tort reform, while Republicans — encouraged by the business lobby — support tort reform. Democrats push laws such as the Lilly Ledbetter Fair Pay Act that create all sorts of legal ambiguities and liabilities, which yields profits for lawyers. “

 

Washington Examiner

 

 

 

 

 

 

 

 

 

 Why Hillary Clinton Would Be A One-Term President, According To Peter Thiel

 

 

 

 

   The genius behind PayPal , Peter Thiel , speaks with Glenn Beck on the foolish monetary policy bankrupting America and the likelihood of a Clinton presidency being a one term affair .

 

 

 

 

Government Waste Includes Swedish Massages For Rabbits, Monkey Gambling Lessons

 

 

 

 

 

 

 

” More than a dozen lucky rabbits were given Swedish massages four times a day, courtesy of U.S. taxpayers, as part of a study to figure out whether massage can help recovery times after strenuous exercise — a practice Sen. Tom Coburn says makes a mockery of federal spending.

  The rabbit massages are one of the hundred wasteful products Mr. Coburn, an Oklahoma Republican, identified in his latest edition of the Wastebook, an annual compendium of the ridiculous and outrageous items in government spending, which he is releasing on Wednesday.”

 

 

If you think Swedish massage for rabbits is absurd get a load of these expenditures …

 

 

” Other highlights included the National Science Foundation paying academics to teach monkeys to gamble, government sponsorship of a children’s play about brain-eating zombies and a first-person combat shooting video game the Army developed — but which intelligence officials fear terrorists could use to train their own recruits. Indeed, Hezbollah has adapted the game’s design to train suicide martyrs.

  Mr. Coburn’s investigators also found scientists putting mountain lions, monkeys, rats and cows on treadmills. That’s reminiscent of a previous famous item Mr. Coburn spotted that involved sticking shrimp on a treadmill to try to see if tired shrimp were less healthy. “

 

Washington Times

 

 

 

 

 

 

 

Second Immigration Wave Lifts Diversity To Record High

 

 

 

Mapping American Diversity

Click Map To Go Interactive

 

 

” From a distance, the small group of Haitian immigrants at the public library looks like a prayer meeting or political gathering. Dressed colorfully but comfortably, the women speak in heavily accented English and sit every day for hours around a small wooden table studying to be nurses.

  The library sits at the heart of one of the most diverse counties in the USA. More than 50 languages are spoken in the public schools, and this is what more and more communities across America will look like soon — very soon.

  Racial and ethnic diversity is spreading far beyond the coasts and into surprising places across the USA, rapidly changing how Americans live, learn, work and worship together — and even who our neighbors are.

  Cities and towns far removed from traditional urban gateways such as New York, Miami, Chicago and San Francisco are rapidly becoming some of the most diverse places in America, an analysis of demographic data by USA TODAY shows.

  Small metro areas such as Lumberton, N.C., and Yakima, Wash., and even remote towns and counties — such as Finney County, Kan., or Buena Vista County, Iowa — have seen a stunning surge in immigrants, making those places far more diverse. 

The result: For the first time, the next person you meet in this country — at work, in the library, at a coffee shop or a movie ticket line — will probably be of a different race or ethnic group than you.”

 

 

Read the entire report from USA Today and say goodbye to the melting pot , hello Balkanization

 

 

 

 

 

 

 

 

 

 

Small Businesses Get A Debilitating Dose Of Reality As Health Insurers Unveil Their Rates For 2015

 

 

 Click The Pic For Interactive Map

 

 

 

” Although the Obama administration has yet to release the federal healthcare premiums for 2015, some private insurers have.

  One of them in Minnesota has indicated that they will be showing increases of up to 60% for their ACA-compliant policies. Preferred One, the largest and lowest-cost provider of health insurance in the state, pulled out of the state’s MNsure exchange last month due to its being “unsustainable.” “

 

 

 

 

 

 

” Furthermore, a study was also just released that surveyed 2,600 businesses around the state, finding that 74% said prices of healthcare insurance increased after the law went into effect and that most of these increases were over 10%.”

 

Rightwing News has more

 

 

 

 

 

Overpaid Federal Employees

 

 

 

 

 

” With the election only weeks away, pundits are visualizing how a Republican-controlled Senate would impact future policy decisions.  Today’s Washington Post highlights the supposed plight of federal workers under a Republican Congress.

  The piece discusses House Budget Chairman Paul Ryan’s budget proposal:

  Under the Ryan budget, the contribution of most federal employees toward their retirement plan would increase by 5.5 percentage points with no increase in benefits — effectively a pay cut. Ryan emphasizes a “defined-contribution system” that centers on employee payments to their retirement program instead of the current system, which includes pensions from the U.S. government. He estimated his plan would save the government $125 billion over 10 years.

That $125 billion in savings, however, would come from the pockets of federal employees.

  The piece continues in a similar vein discussing Republican-supported legislation that would make it easier for federal employees to be disciplined, fired, and restricted in their conference expenditures–all  reasonable proposals. It cites federal employee union officials on the difficulties these policies would place on federal workers.

  But the piece fails to mention the elephant in the room: federal employees are compensated more generously than their private-sector counterparts.

  Using data from the Bureau of Economic Analysis, the average wage for a federal civilian employee in 2013 was $81,076, compared to the average wage of $55,424 for private-sector employees. “

 

Cato reports

 

 

 

 

 

 

 

 

 

Government Has Paid Millions For Workers To Stay Home

 

 

 

 

The federal government has shelled out more than $700 million in paid leave to more than 57,000 employees who were home from work for time periods stretching from one month to three years, a Government Accountability Office report has found.

  In a 62-page report published Monday, the GAO analyzed why so many federal employees were home and getting paid for such long periods of time and they discovered a variety of reasons.”

 

Paid Leave

 

” In many cases, employees were home awaiting the outcome of investigations into alleged misconduct and criminal actions. Some racked up paid leave for “physical fitness activities,” and others were away from work seeking professional development. Employees also took paid leave for “recuperation” from overseas work.

  Hundreds of federal employees remained at home, collecting a paycheck, for years.

  The report found that during a three-year period beginning in 2011, 263 employees remained on paid leave for one to three years at a cost of $31 million.

  In some cases, about five percent of the time, the federal government couldn’t come up with a reason why some employees were home on paid leave.”

 

   Those 263 employees cost the US taxpayers an average of $117,870 each to sit on their asses … “We’re in the best of hands”

 

Read more

 

 

 

 

 

 

 

 

 

 

The Death Rattle Of Europe’s Statist Dream

 

 

 

 

 

 

” Europe’s all-too-predictable relapse into recession is gathering force, threatening not only the pipe dream of economic and political unity, but eroding grandiose illusions that have helped prop up the world’s financial house of cards. The unwillingness of France in particular to play by the EU’s — i.e.,  Germany’s — rules appears to have doomed the EU dream. The idea of a borderless Europe bound by a common currency and a shared desire to forever banish war from the Continent was a lofty one, but it was mired from the start in deeply rooted political animosities, grass-roots skepticism and bureaucratic overreach. Now these problems, along with a great many others, have turned the EU project into a Tower of Babel. A million pages of meticulously codified EU rules might as well have been written in cuneiform, so inscrutable and arcane have they become.

  And useless as well. France’s prolonged economic death rattle has been made possible by running annual deficits larger by half than the 3% “allowed” by Brussels. And now, channeling  de Gaulle for what could turn out to be France’s last hurrah, the French have flouted Merckel’s authority, and common sense itself, by proposing to remedy the problem by hiring more government workers and expanding tax breaks.  Portugal, Greece, Spain and the other deadbeat rabble have been cheering them on, and why not? They think they have nothing to lose — that Germany is the only country with any skin in the game. Their folly is about to be laid bare, however, unless Germany gives in and allows Europe’s Central Bank to monetize the collective debts of Europe Fed-style. “

 

Continue reading

 

 

 

 

 

 

 

 

Judge Judy Lays A Smackdown On Leeching Woman With 5 Kids

 

 

 

 

An all powerful government breeds an all dependent society .

Republicans Go For Golf Channel, Democrats Pick E! … And Other Fascinating Facts About Political TV Ads

 

 

 

ioa_cable_party

 

 

” Political campaign commercials are saturating the airwaves in TV markets across America. Now, thanks to an analysis of more than $1 billion in political TV spending on the midterm elections, we know who campaigns are targeting and how they’re trying to influence voters.

  The firm Echelon Insights, founded by Patrick Ruffini and Kristen Soltis Anderson, used cable TV data to produce the following five charts that paint a picture of political spending. In total, Echelon analyzed $1,065,727,692.92 in spending and 2,625,911 TV spots.”

 

 

   We find it very informative that the bulk of liberal TV ad spending is done on entertainment/fantasy type channels while the majority of conservative spending takes place on channels that feature the real life information of sports and history television programing .

   What do you suppose that says about the different mind sets ? One party tends to dwell on fantasy while the other takes it’s pleasure from the world of reality … not really a surprise is it ? It pretty much mimics the voting habits of each group , does it not ?

 

 

 

See the rest of the data at The Daily Signal

 

 

 

 

 

 

 

 

 

 

 

 

$39,643,352 Worth Of NIH Funding That Could Have Gone To The Ebola Vaccine

 

 

 

 

” The National Institutes of Health (NIH) has spent more than $39 million on obese lesbians, origami condoms, texting drunks, and dozens of other projects that could have been scrapped in favor of developing an Ebola vaccine.

“ Frankly, if we had not gone through our 10-year slide in research support, we probably would have had a vaccine in time for this that would’ve gone through clinical trials and would have been ready,” said NIH Director Francis Collins, blaming budget cuts for his agency’s failure to develop a vaccine for the deadly virus.

  However, the Washington Free Beacon has uncovered $39,643,352 worth of NIH studies within the past several years that have gone to questionable research.

  For instance, the agency has spent $2,873,440 trying to figure out why lesbians are obese, and $466,642 on why fat girls have a tough time getting dates. Another $2,075,611 was spent encouraging old people to join choirs.

  Millions have gone to “text message interventions,” including a study where researchers sent texts to drunks at the bar to try to get them to stop drinking. The project received an additional grant this year, for a total of $674,590.

  The NIH is also texting older African Americans with HIV ($372,460), HIV and drug users in rural areas ($693,000), HIV smokers ($763,519), pregnant smokers ($380,145), teen moms ($243,839), and meth addicts ($360,113). Text message interventions to try to get obese people to lose weight have cost $2,707,067.

  The NIH’s research on obesity has led to spending $2,101,064 on wearable insoles and buttons that can track a person’s weight, and $374,670 to put on fruit and vegetable puppet shows for preschoolers.

  A restaurant intervention to develop new children’s menus cost $275,227, and the NIH spent $430,608 for mother-daughter dancing outreach to fight obesity.

Sexual minorities have received a substantial amount from the NIH. The agency has now spent $105,066 following 16 schizophrenic LGBT Canadians around Toronto for a study on their community experiences.

  The total for a project on why gay men get syphilis in Peru is now $692,697 after receiving additional $228,425 this year. The NIH is also concerned about postpartum depression in “invisible sexual minority women,” with a study that has cost $718,770.

  Millions went to develop “origami condoms,” in male, female, and anal versions. The inventor Danny Resnic, who received $2,466,482 from the NIH, has been accused of massive fraud for using grant money for full-body plastic surgery in Costa Rica and parties at the Playboy mansion.

  How transwomen use Facebook is the subject of another NIH study worth $194,788.

  The agency has also committed $5 million to “mine and analyze” social media to study American’s attitudes toward drug abuse, and $306,900 to use Twitter for surveillance on depressed people.

  The NIH has also spent $15,313,372 on cessation studies devoted to every kind of smoker imaginable. Current studies are targeted at American Indians ($2,899,954); Chinese and Vietnamese men ($424,875); postmenopausal women ($4,151,850); the homeless ($558,576);Korean youth ($94,580); young schizophrenics ($397,802); Brazilian women smokers ($955,368);Latino HIV-positive smokers($471,530); and the LGBT community ($2,364,521).

  Yale University is studying how to get Heavy Drinkers to stop smoking at a cost of $571,799. Other projects seek to use Twitter to provide “social support to smokers” ($659,469), and yoga ($1,763,048) as a way to quit.

  An NIH project studying sighs cost taxpayers $53,282.

  On Tuesday, Health and Human Services (HHS) had to outsource efforts at an Ebola vaccine to the Baltimore-based Profectus BioSciences Inc. The company will receive $8.6 million to research and test their vaccine, a fraction of NIH funding that went to the above projects. “

 

Thanks to Elizabeth Harrington and Washington Free Beacon

 

 

 

 

 

 

 

 

 

 

Ranking Known State Subsidies To Private Businesses

 

 

 

 

 

” While corporate welfare, whether in the form of subsidies or bailouts, is more often associated with the federal government, state governments also regularly use generous, targeted subsidy packages to entice corporations to locate within their borders. As these charts show, corporate welfare is a significant problem at the state level, with New York State leading the rest.

  This week’s charts use data from the Subsidy Tracker 2.0 dataset compiled by Good Jobs First, a government accountability and smart-growth advocacy group, to display the states (plus the District of Columbia) that disperse the highest amounts and numbers of subsidies, along with the top parent corporations that cumulatively benefit from these subsidies. 

  Comprehensive data on total state assistance to private businesses have long been hard to access, since the relevant information has been inconsistently scattered among various government reports and websites. The Subsidy Tracker project is an ambitious effort to compile state data on subsidized projects, amounts, beneficiaries, and outcomes in one location. The dataset distinguishes between 11 types of subsidies, including tax credits and rebates, property tax abatements, low-cost loans, infrastructure assistance, and enterprise zones. The dataset is a constantly updated work-in-progress; while it does not yet contain every single state subsidy, it is one of the most comprehensive sources of state subsidies assembled so far. Additionally, the database compilers decided to count sales tax exemptions on business purchases of inputs as a “subsidy.” However, some economists argue that applying sales taxes to input purchases would inefficiently favor vertically integrated firms over firms that purchase inputs from other businesses. Therefore, this kind of sales tax exemption is not a “subsidy,” but an efficient tax policy. Despite these important limitations, the dataset can give us an early glimpse of the rough value of the  subsidies that each state issues. The User Guide provides further details on the methodology.

  The first chart displays the states known to have extended cumulative subsidies exceeding $1 billion, according to the dataset. In the top portion, the states are ranked, left to right, from the highest amount of subsidies to the lowest amount of subsidies. In the bottom portion, the equivalent number of deals are displayed for each state. 

  New York state clearly leads the pack, extending a known 71,759 subsidy deals worth $21.71 billion. The second highest corporate beneficiary in the dataset, Alcoa, received a plum deal from the Empire State in 2007, raking in an astounding $5.6 billion to build an aluminum plant. “

Veronique de Rugy at Mercatus has much more on state funded corporate welfare

 

Economic Freedom Of The World

 

 

Economic Freedom Index

Click for interactive map

 

 

” Global economic freedom fell slightly in this year’s report, and it remains well below its peak level of 6.92 in 2007. The average score fell to 6.84 in 2012, the most recent year for which data is available. In this year’s index, Hong Kong retains the highest rating for economic freedom, 8.98 out of 10. The rest of this year’s top scores are Singapore, 8.54; New Zealand, 8.25; Switzerland, 8.19; Mauritius, 8.09; United Arab Emirates, 8.05; Canada, 8.00; Australia, 7.87; Jordan, 7.86; and, tied for 10th at 7.84, Chile and Finland.

  The United States, once considered a bastion of economic freedom, now ranks 12th in the world, tied with the United Kingdom at 7.81. Due to a weakening rule of law, increasing regulation, and the ramifications of wars on terrorism and drugs, the United States has seen its economic freedom score plummet in recent years, compared to 2000 when it ranked second globally.

  The rankings of other large economies in this year’s index are Japan (23rd), Germany (28th), South Korea (33rd), France (58th), Italy (79th), Mexico (91st), Russia (98th), Brazil (103rd), India (110th), and China (115th). “

 

Cato Institute

 

 

 

 

 

 

 

 

 

 

 

 

John Oliver Strikes Again

 

 

 

” It does seem to me that John Oliver is in the process of inventing some interesting new kind of political/social commentary – the 20-minute single-issue rant that is both hilariously funny, well put-together, and often quite devastatingly effective, as argument.  I find that when he deals with something I happen to know something about — net neutrality, say, or the governance of FIFA, or the so-called right to be forgotten” — he gets to the heart of the matter pretty quickly, and that’s not something I often find to be true, and it’s not an easy thing to do (though of course, like all good performers, he makes it look easy).  He is quite good at isolating the outrageous and then looping us for a while around the slippery slopes that surround it, and then bringing the conversation back to another bit of outrageousness and doing it again.  It’s like an amusement park ride, but it has an argumentative purpose.   There’s a line between simplifying (which he does, brilliantly) and over-simplifying (which I find he generally does not do), and it’s a very hard one to walk, and he does it quite well. “

Washington Post

Those Who Have Fared Worst Under This President Are The Ones Who Love Him The Most

 

 

 

 

 

 

” A paradox haunts America’s first black president. African-American wealth has fallen further under Barack Obama than under any president since the Depression. Yet they are the only group that still gives him high ratings. So meagre is Mr Obama’s national approval rating that embattled Democrats have made him unwelcome in states that twice swept him to power. Those who have fared worst under Mr Obama are the ones who love him the most. You would be hard-pressed to find a better example of perception-driven politics. As the Reverend Kevin Johnson asked in 2013: “Why are we so loyal to a president who isn’t loyal to us?”

  The problem has taken on new salience with the resignation of Eric Holder. America’s first black attorney-general has tried to correct the gulag-sized disparities in prison sentencing between blacks and whites. His exit leaves just two African-Americans in Mr Obama’s cabinet. Given the mood among Republicans, it is hard to imagine the US Senate confirming a successor to Mr Holder who shares his priorities.”

Financial Times

Reason TV: Mike Rowe On The Value Of A Strong Work Ethic

 

 

 

 

” Mike Rowe’s new program, “Somebody’s Gotta Do It,” premiered on CNN this week. “In each episode,” according to the CNN website,  “Rowe visits unique individuals and joins them in their respective undertakings, paying tribute to innovators, do-gooders, entrepreneurs, collectors, fanatics–people who simply have to do it. This show is about passion, purpose, and occasionally, hobbies that get a little out of hand.”

  Providing a window into the lives of interesting, hard-working Americans is nothing new for Rowe, the long-time host of “Dirty Jobs” (the original title for which was “Somebody’s Gotta Do It”). Reason TV’s Nick Gillespie talked to Rowe about blue-collar jobs, the importance of having a strong work ethic, and the high price of college last December.

  The original release date was December 13, 2013. The original writeup is below.

” If we are lending money that ostensibly we don’t have to kids who have no hope of making it back in order to train them for jobs that clearly don’t exist, I might suggest that we’ve gone around the bend a little bit,” says TV personality Mike Rowe, best known as the longtime host of Discovery Channel’s Dirty Jobs.

” There is a real disconnect in the way that we educate vis-a-vis the opportunities that are available. You have – right now – about 3 million jobs that can’t be filled,” he says, talking about openings in traditional trades ranging from construction to welding to plumbing. “Jobs that typically parents’ don’t sit down with their kids and say, ‘Look, if all goes well, this is what you are going to do.'”

  Rowe, who once sang for the Baltimore Opera and worked as an on-air pitchman for QVC, worries that traditional K-12 education demonizes blue-collar fields that pay well and are begging for workers while insisting that everyone get a college degree. He stresses that he’s “got nothing against college” but believes it’s a huge mistake to push everyone in the same direction regardless of interest or ability. Between Mike Rowe Foundation and Profoundly Disconnected, a venture between Rowe and the heavy equipment manufacturer Caterpillar, Rowe is hoping both to help people find new careers and publicize what he calls “the diploma dilemma.” “

 

 

HT/Instapundit

Reason TV

 

 

 

 

 

 

 

 

 

 

 

Rich Kids Of Tehran Instagram Shows Amazing Life Of Iran’s Young And Wealthy

 

Tehran Rich Kids

 

 

 

” Life is good in Iran, if you’re young and filthy rich. That is, if the Rich Kids of Tehran Instagram account is anything to go by.

  Inspired by the Rich Kids of Instagram account which showcases the glamorous lives of twenty-somethings with more money than sense, the Iranian version is packed with images of luxury cars, fashion, watches, pools and jewelry.”

 

 

Private jet life. Pic: Screengrab, Instagram.

 

 

” It’s gained more than 55,000 followers since starting on 13 September and administrators told news.com.au they wanted to show the side of Iran that doesn’t get seen on the news.

“ We love all Iranians, rich and poor doesn’t mean anything to us. All people are equal, our object is to show the world the good side of Iran-Tehran which I think everybody should see before they judge us.”

“ We are in no now way political and we are just showing how beautiful Tehran and people from Tehran are. Especially with all the bad press in Middle East currently we want the world to see Tehran is nothing like that.” “

 

 

    Would Allah and the Ayatollah approve of this decadent western lifestyle ?  Visit the link and this one as well to view the luxury to which some of these kids have become accustomed to .

   Don’t get us wrong , we have nothing against earned wealth , but it is more than a tad hypocritical of the parents of these kids to espouse hatred of the west while at the same time basking in the very same luxury that the western lifestyle has to offer .

 The article and pictures also make the reader aware of the fact that Obama blew a great opportunity by failing to support the Iranian youth and their protests at the beginning of his presidency as the young people of the country , along with many adults , obviously desire the worldly goods and lifestyle of the west .

 

 

 

 

 

 

 

 

 

Pentagon Scraps Afghan Air Fleet For Pennies On The Dollar

 

 

 

” After spending nearly half a billion dollars on 20 planes to outfit the Afghan Air Force, the Defense Department turned around and scrapped 16 of the aircraft for 6 cents on the pound—just $32,000, the Special Inspector General for Afghanistan Reconstruction has learned.   

  The Defense Logistics Agency carried out the planes’ destruction at Kabul International Airport as the SIGAR was investigating the Defense Department’s failed program to outfit the Afghans with a fleet of twin propeller military transport aircraft. The G222 aircraft, manufactured in Italy, proved impossible for the Afghan military to maintain and the Pentagon terminated the program in March 2013, three months after the SIGAR initiated its investigation. By then, the department had spent at least $486 million on the aircraft.

  SIGAR determined that the aircraft flew only 234 hours out of 4,500 required from January through September 2012. “

 

More here and here

 

 

 

 

 

 

 

 

 

 

China Just Overtook The US As The World’s Largest Economy

 

 

 

 

 

 

” Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund.

  Chris Giles at the Financial Times flagged up the change. He also alerted us in April that it was all about to happen

  Basically, the method used by the IMF adjusts for purchasing power parity, explained here.

  The simple logic is that prices aren’t the same in each country: A shirt will cost you less in Shanghai than in San Francisco, so it’s not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist’s Big Mac Index is a great example of these disparities. “

 

Heck of a job , Barack … read more 

 

 

 

 

 

 

 

 

 

 

 

 

 

Poorer Conservatives More Generous Than Wealthy Liberals

 

 

American Giving

 

 

 

” Less well-off families from red states donate a relatively higher – and growing – proportion of their money to charity, while those at the top have been giving a smaller share as their income has increased, a new extensive study has revealed.

  Respected non-government sector newspaper The Philanthropy Chronicle collated the itemized charity deductions on the tax returns of hundreds of millions of Americans between 2006 and 2012, the latest year available. While only about a third of all givers write off their charity expenses, the sums included about 80 percent of all donations in the country.

  The study noted that while the amount of charitable giving by the US as a nation has remained steady at 3 percent, the poorer people are, the greater amount they spend on charity. And this trend has been exacerbated in the years covered by the study, which showed that those earning $25,000 or less contributed 16.6 percent more of their income, while those with incomes of over $200,000 were spending 4.5 percent less of their money on charity in 2012 than in 2006. The study does not give the countrywide overall percentage of money donated by each group.”

 

 

Continue reading

 

 

 

 

 

 

 

 

 

 

Fisherman’s Heaven: Viking Yacht’s 92′ Enclosed Bridge

 

 

The new Viking 92 EB

 

 

 

 

” There have been countless milestones in the 50 plus year history of the Viking Yacht Company, and among them is the launch of the new flagship, our 92 Enclosed Bridge Convertible. Beyond its impeccable style and thunderous performance, the largest Viking afloat today is truly the sum of its numbers.”

 

 

The new Viking 92 EB

 

 

 

” 6 spacious staterooms, each with a separate head and shower including a full-beam master suite “

 

 

The new Viking 92 EB

 

 

 

” 37 the overall length in feet of the enclosed bridge, which is longer than the first all fiberglass boat Viking built in 1971, the 33 Convertible

55 the length in feet of the Rupp outriggers

81 ft. 10 in.  waterline length

93 ft. 3 in.  length overall

238 square feet of the cockpit “
Learn all about this awesome fishing machine at Viking Yachts

Record 92.6 Million Americans Not In Labor Force

 

 

 

 

 

” While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million! “

 

Tyler Durden has more at Zero Hedge

 

 

 

 

 

 

 

 

 

 

 

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