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Living the middle class lifestyle in California on $60,000 a year. from MyBudget360.com: Can you live comfortably in California making $60,000 a year? It really depends on what you define as comfortably. We should note that the median household income in the US is $50,000 and in California it isn’t much higher. California gets a notorious wrap of being an expensive state but this is if the entire focus is on coastal regions. There are [...] THORNTON, Colo. (CBS4) – No matter how regulated marijuana is, now that pot is legal in Colorado it will be hard to keep away from curious and unknowing kids, according to a member of a Denver-area drug task force. “There’s plenty of evidence that this a harmful thing for kids. I can’t even believe I have to say that,” Sgt. Jim Gerhardt with the North Metro Drug Task Force told CBS4. “We’ve [...] Mobile phones are eroding our personal relationships, according to a new study Young people’s attachment to their mobile phones is eroding their personal relationships, according to a new study. The claims come after research revealed that young adults – in addition to sending over 100 texts – check their mobile up to 60 times a day. Experts behind a new study [...] Mobile phones are eroding our personal relationships, according to a new study Young people’s attachment to their mobile phones is eroding their personal relationships, according to a new study. The claims come after research revealed that young adults – in addition to sending over 100 texts – check their mobile up to 60 times a day. Experts behind a new study [...] Almost half of shoppers cannot remember the reason they made a purchase by the time they have taken it home. According to a new survey, 48per cent of buyers in the U.S. admit to not knowing why they originally bought items. However the research, released by Oxygen Media ahead of its new series My Shopping Addiction, found that 68per cent of shoppers are often swayed by cut-prices. Compulsive shoppers: According to a new survey, 48per [...] From Zero Hedge: As America’s mania with cell phones as an aspirational status fad hits new records every day, this borderline addiction to “thinner, longer” mobility and a sub-1 year upgrade cycle, is starting to extract its pound of flesh: average cell phone bills that have risen by over 10% in one year (from $1,110 to $1,226), even as total household spending rose by half, or $67. In a word: iNflation. It gets [...] The debt hangover is still giving the nation a deep headache. For example, in 2003 10 percent of Americans had an account in collections. Today, it is more than 14 percent. The addiction to debt is both troubling but what is more surprising is how little was learned from the financial crisis. The stock market is pretending as if the European debt crisis was solved, that emerging markets had no growth [...] The global economy is now addicted to debt. Once debt stops expanding, the economy shrivels. But expanding debt forever is unsustainable. Welcome to the endgame. Regardless of whether you call it debt saturation or diminishing return on new debt, the notion that taking on more debt will magically enable us to “grow our way out of debt” is not supported by data. Correspondent David P. recently shared this chart of Total Credit [...] Jackie Whiton has worked at the Big Apple Convenience store in Peterborough, New Hampshire, for four years, but last month she was unceremoniously let go for standing up for what she believed was right. On May 29, a customer came into the store and tried to buy cigarettes with his EBT debit card and Mrs Whiton refused to let tax payers foot the bill for his addiction. The company that owns the [...] Time difference means matches are played in the middle of the night Jiang Xiaoshan would then go and do a full day’s work the next day A Chinese football fan died after going 11 nights without sleep as he tried to watch every single kick of the ball of Euro 2012. Jiang Xiaoshan, said to be supporting [...] The recent spate of horrifying cannibal attacks could be caused by an addiction to eating human flesh. Cannibalism causes euphoria after the person turns their fantasy into a reality said Karen Hylen, a therapist at Summit Malibu Treatment Center in California. In the past, cannibalism has been linked to religion or people have resorted to it for sheer survival. However now a connections has been made with addiction and mental illness. ‘People who have [...] Telegraph Key indicators are deteriorating on almost every front, raising concerns that the world’s third largest economy is running aground after two “Lost Decades”. Japan’s debt has jumped by 61 percentage points of GDP since 2008, compared to eight points for the AAA bloc. Public debt is expected to reach 239pc of GDP this year, uncharted levels for a major economy in peace-time. `Net debt’ – subtracting Japan’s vast holdings of foreign [...] 70% of users log in as soon as they start their PC Facebook can lead to ‘addiction’ says a Swedish report into the social network – and people on low incomes and of low educational levels are particularly at risk Facebook is a habit-forming activity – but users who spend a lot of [...] You have to really question what passes for financial analysis these days. One financial show was discussing the recent increase in consumer debt as something positive. In the same breath this person also said thathouseholds increased savings. Now think about this statement. If you financed a $2,000 vacation on your credit card but increased savings by $500 did your balance sheet improve? Of course not. Let us not even dive into [...] S+P downgraded various sovereign debt last Friday. They also downgraded the EFSF one notch over the weekend, thus stripping their pristinely stupid “AAA” rating. But just one notch? This is ridiculous because we could wake up on any given day facing an outright “run” and the EFSF would be exposed as the Ponzi engine that it is. How could it have been rated AAA in the first place? Various sovereign debt from [...] Here’s my 2cents on fixing the economy: It doesn’t take a genius to see what’s wrong with this economy and some clear and concise steps we can all take to improve the economy immediately. I don’t think pumping more money in will help- lets us the money we have to shore up our own country’s economy. While reading Slow Money, (If you don’t know about Slow Money, [...] kingworldnews.com With stocks moving higher along with gold and silver, today Michael Pento, of Pento Portfolio Strategies, explains for King World News readers globally why the Fed has created a ticking time bomb and what the implications are for the gold market, “Bernanke’s ‘Operation Twist’ has succeeded in sending yields on longer duration maturities to record lows. But what is now being lauded as a success [...] From Chris Martenson Charles Hugh Smith: Why Local Enterprise Is The Solution A growing number of individuals believe our economic and societal status quo is defined by unsustainable addiction to cheap oil and ever increasing debt. With that viewpoint, it’s hard not to see a hard takedown of our national standard of living in the future. Even harder to answer is: what do you do about it? Charles Hugh Smith, proprietor of [...] MSNBC host Martin Bashir interviewed Stanton Peele, a psychologist and an “expert on addiction,” this afternoon. Bashir urged Peele to psychologically evaluate supporters of the Tea Party. “It reminds us of addiction because addicts are seeking something that they can’t have,” Peele said. “They want a state of happiness or nirvana that can’t be achieved except through an artificial substance and reminds us of the [...] Bloomberg Television did a great little segment (via PragCap) about the infamous “ghost cities” of China. Those are those huge planned, mostly empty cities that Chanos likes to rail on. The typical reaction seems to be: OMG, cities, where nobody is living! But in reality, lots of real estate projects start with nobody in them, and then fill up over time. That’s not that weird. Sure, these are city-size projects, [...] Washington’s Blog Scientific American noted yesterday that a lack of sleep makes us take riskier gambles: A team of Duke University researchers examined the brains of 29 healthy volunteers using functional MRI, which tracks changes in blood flow in the brain, while the subjects performed a variety of gambling tasks. After a full night of sleep, participants behaved like most people tend [...] by Spalding_Smailes Take the most obvious example, the PBoC itself. The central bank officially has about $2.5 trillion in reserves. This by the way almost certainly understates its true position but let’s ignore that for a moment. The PBoC has funded this position with an equivalent amount of RMB liabilities, which makes it very vulnerable to changes in the value of [...] Here’s what we got: Millions of sheeple stuck in houses they cannot afford. Because they were greedy they are now facing foreclosure — next come the job losses associated with the lack of credit in the general economy. And since most businesses are sheep-businesses they too rely on credit to keep going. Let’s stop for a moment and look at this human condition of credit addiction… I mean what a concept – let’s [...] “By recycling much of its dollar trove over the years back to the United States with the purchase of U.S. government debt, China has in effect helped Washington finance its deficits. Now, Beijing is branching out. The country’s direct investments overseas rose 6.5% in 2009 to $43.3 billion — despite a global slump in such investments — and could jump to $60 billion this year, Chinese state media reported last week. Formal [...] |
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