Average students should skip college and become PLUMBERS because they will earn as much money without debt, says Bloomberg

The billionaire has advised ‘so-so’ students to avoid expensive college fees and learn a practical skill like plumbing
Plumbing is also good because it can’t be outsourced or done by computer, he advised

New Yorkers are used to Mayor Bloomberg trying to nanny them with laws about soda sizes and smoking, but now the billionaire has taken to dishing out career advice.

Speaking on his weekly radio show on Friday, Bloomberg suggested that [...]

An unbelievable fact about last week’s jobs report you won’t be hearing on the nightly news

From SHTFplan:

Whether you believe the 7.8% unemployment statistic released by the Bureau of Labor and Statistics two days after the Presidential debate last week is legitimate or not, there are several key data points that suggest our economic situation is continuing to deteriorate.

Putting the jobs report conspiracy aside for a moment, here’s one particular achievement you can be assured President Obama will not mention in his next debate or campaign [...]

Reality: More People Requested Emergency Food Assistance Than Found Jobs

Mac Slavo
October 8th, 2012
SHTFplan.com

 

Whether you believe the 7.8% unemployment statistic released by the Bureau of Labor and Statistics two days after the Presidential debate last week are legitimate or not, there are several key data points that suggest our economic situation is continuing to deteriorate.

Putting the jobs report conspiracy aside for a moment,  here’s one particular achievement you can be assured President Obama will not mention in his next debate or campaign [...]

Euro-Zone Banks Cut Back Lending

LONDON—The euro zone’s financial plumbing is badly backed up—and none of policy makers’ efforts to clear it has worked.

That was apparent Friday in fresh data from the Bank of Spain, which said the country’s banks borrowed €365 billion ($446.7 billion) from the European Central Bank in June, a new high, accounting for 30% of all the central bank’s lending. The Spanish borrowing figure is €50 billion higher than the level [...]

Here’s Why Investors Are Already Dubious Of This New European Bank Recapitalization Plan

Wall Street has already begun weighing in with negative opinions on the new European deal to use bailout funds—the European Financial Stability Facility and the future European Stability Mechanism—to recapitalize troubled banks in Europe, despite the positive reaction we’ve seen in the markets so far today.

Morgan Stanley has criticized the plan as failing to take a “meaningful step forward.” The Bank of New York Mellon argues that this measure and others announced so far [...]

BREAKING: Europe’s economy is horrible

There was a string of service PMI numbers that came out early this morning, but for your purposes, here’s the chart that matters.

Via Markit, the blue line is total Eurozone composite PMIs (combining manufacturing and services). The continent is plumbing brand new lows, and it looks like ECB policy is dramatically behind.

http://www.businessinsider.com/european-pmi-2012-6#ixzz1wv5aVDkl

Scientists to Build $1 Billion City Where No One Will Live

Elizabeth Leafloor
Red Ice Creations
May 14, 2012

In what is being billed as the first of its kind, a billion-dollar futuristic town is being built in New Mexico, but residents need not apply.

The new 15-square mile city will be built as a testing ground for new, cutting edge technologies. The Center for Innovation, Testing and Evaluation project will “help researchers test everything from intelligent traffic systems and next-generation wireless networks to automated washing machines [...]

We’ve been w/o power since about 9:30 AM (near Albany, NY).

We’re over at my brother’s house right now where there is power.  A crew was working on the lines about 3/4 mile from our house, so we’ll likely have power in a bit.  The biggest gaps in our summer time preps could be filled by the following (in order of priority, ease of implementation, expense):

more drinking water storage containers.
rain barrels to make getting wash/toilet water easier.  [...]

WHY IT HELPS TO BE WORKING CLASS

 

Human development is a process that is affected by nearly everything that we experience, from conception to our final moments.  Many of these experiences injure our minds, our bodies, or both, and many others help us survive and thrive.  William Deresiewicz, author, critic and former English teacher at Yale, tells a story from his own life that shows how the wrong kind of education can injure our minds.

When he was 35, and a [...]

A pundit I used to read said “beware of keeping up with the Joneses — because they can’t afford it either, just wait a little and watch them fall”.

by DcFusor

Having been denied the ability to buy a home, even with a 6 fig income from a C-class job in the 70′s, when banks were a bit more conservative, I have no clue where userxxxx is coming from. Ok, maybe he’s saying they’ve gone from insanely overpriced to merely ridiculously overpriced, compared to some other things. Remember, it’s a business that mainly [...]

Taxing the people to death will only lead to less spending and less growth.

If something is not done to remedy the European financial problems this could lead to the downfall of the European union as we know it. Finding a solution is the only option they have. Reneging on getting the solution implemented will only cause more economic damage. Fixing this will have a very high cost. There is no choice.

Can you image if in your home a pipe breaks, and you keep [...]

Call me crazy, but I see a lot of arson and insurance fraud in Louisiana and Florida’s future.

You buy a house during a bubble peak with little money down, you try to stay in it even though it is defective by paying your taxes, insurance, and mortgage even though one person has just lost their job.

Than the Federal Government comes and tells you that they are going to force you to pay to fix the defective house, which your state government and local inspectors failed to see [...]

I worked around college students for several years and can see the erosion up close and personal.

Student loans today include living expenses. That was certainly not true years ago when I went to college. The interest on those loans needs to be paid each year, which from what I see most parents are doing the paying. That was not true years ago either, because most parents didn’t have any extra money since they had more mouths at home to feed.

Bush’s goal to have more people become [...]