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I think it works like this. If we assume an 8% return the corps can underfund pensions. Now the gov't can let accounting assume 7-6-5-% rate of return to fund a pension and everything is honky dory. But the kicker is, these assumptions never work out.(I think there are links on the net proving...

I lke Jamie. staight up guy, Greek too! How ironic.

Oh Chavez was right. America exports cancer. Booyaahh!

That friggin Lbj, you know that fucker rigged the egg market.Getting the CDC control to issue warning on eggs and chlosteral to push down the price of eggs. He is the original egghead.

Yowser! what choices we have, PE guys or Harvard academics.Then ya got your Warren Buffets who want to raise taxes then ya got your Jimmy Buffets (not a back thing, it's 5 o'clock somehwere). <iframe width="420" height="315" src="http://www.youtube.com/embed/vsU8_DSmlXY" frameborder="0"...

"As the Founders of our republic warned, the failure to cultivate virtue in citizens can be a lethal threat to any democracy." "In professional and business circles, a now-familiar complaint is, “It used to be your word was good, but those days are gone.” [some assume]...

If Obama loses he is going to the head of the unemployment line very shortly. Our Acorn community organizer got a taste of the corporate lifestyle, meeting with the hedge fund managers, party like a rock star and Air Force One. He has exhausted his income opportunities on the book circuit and...

Jamie Dimon (cliff notes) Occupy Wall Street - “Stop vilifying big business. Things are pretty good, but we can’t get out of this malaise (if business continues to be attacked).” Immigration – “America has the best military and universities in the world. It’s pathetic and...

Thanks for the correction. Too lazy to check my acronyms today.

Morgan, In New York state, state pensions are funded by an act of legislation againt all taxpayers. Hence, althought the workers may or may not contribute, the pension are due based on txing authorty. The well won't run dry unless the law is changed. Private pensions which go bust are funded...

So a Korean couple walk into the dog pound. The Receptionist says "how can i help"? Man answers "table for 2 please"

In other Buffet news: $ 0 was given by people who identified their last name as Buffett and first name as Jimmy in the current election cycle. :D

Tis brings to mind a different question. At what point will the boomer "protest"? When he has spent down all his assets and find his pension is diminshed or non existent? Dead broke, no possibilities of employment? Or will the boomer "protest" while he still has something left. People...

I have thought about this. I do try to "contain" myself in the sense of "may contain nuts" before coffee. Then I have that first coffee and there is a very short window where I present myself fairly well, then It's all down hill from there with the second cup of coffee, loggin onto ET, then a...

Looks like star bucks is going after DD with a new blend called "blond". Got to hand it to business, MCD goes after starbucks with McCafe, star bucks going after DD. My favorite dd donuts are coconut or butternut, Most stores don't carry them, I then ask if they know a place I can get a nutty...

In other news: Not having a land line is really pissing off the bill collectors. Now if only they would close the Post Office....:cool:

BEIRUT—Iran's Revolutionary Court sentenced a 28-year-old American and former Marine to death on charges of spying for the Central Intelligence Agency, adding another point of conflict to heightened tensions between Washington and Tehran. -------------------------- Jesse Jackson should...

Grandpa, with a grandchild on one knee, with another grandson on the other knee begins to tell them of his youth: - Well my dears, you see that rifle? I was hunting with it. At one point I see a HUGE boar. I aim, pull the trigger and shot it down. Being so large I couldn't carry it, so I took...