Quote from limitdown:
Inspite of .....
snip
How do you see this being played out?
Should the tax incentives to create jobs offshore be continued, revoked or back-dated and revoked?
Should these trends be allowed to continue when your own children and neighbors children graduating from college will not have jobs in their degree fields?
The situation is not one that can be "controlled".
You raise two incredible (meaning really superb) points.
The US spent years seeding this splendid upheaval for the benfit of mankind. We are going through it.
Grrenspan a few years back on the third Friday of January, finally saw that ..."we are no longer and island in a sea of turmoil.
The concept of the corporation has been seeded universally by the US balance of payments. The businesses of the world are electrononically global and we are on the way now.
The US, magically, has not positioned itself as a nation to lead. Too bad.
Let us share in our families how to participate, however. All who wish can participate in the global groundswell that is beginning. University is for different purposes nowadays. The time of careers has finished for all. No one expects to plan with lifetime horizons as far as careers is concerned. There are no specific careers that last that long now.
Franco Modigliani introduced the Life-Cycle Hypothesis in 1985 Nobel Prize he won. With it asset allocation planning died. He determined (actually it was determined thoroughly later) that 70% of families suffer disruption and their quality of life drops 40%.
Enter today's situation, conditions and circumstances.
We do not need to strive for a full employment economy.
No career lasts a lifetime.
The corporation concept has been seeded by the US balance of payments to seed the world's business comunity to enable it.
Electronic communication has replaced every past form of interaction on a global basis. War cannot surpass global electronics. The cell phone and scheduled delivery of jet fuel alone cancelled government interaction and diplomacy.
Now all children need to know how to live a life-cycle in their choice of family format (See marriage forms and stem cells).
I had dinner last night with a guy who supports children being capable of living well. He gives 10M a year to UA where we dined on campus. The money all goes to informal ed on how to do credit cards, how to budget, how to be safe in the future financially. My partner (Liz) and I are judges of the finalists in TCA's, "Duel in the Desert", 12 university financial competition being held this week. Liz contributes the "state of the art" info on one financial sector of the problem for the judges to use.
He (Mke Hall) did the keynote address to kick it off. We spent time in the hallway discussing getting education to deal with family financial planning. UA will introduce a Gen ED class on this next fall for all students. I am one of the curriculum planners for that and we are going to work our asses off this summer to be on the ball.
All three of us are committed to preventing disruption by having young people know how to invest wisely for their families. A job doesn't cut it for taking the family through it's life cycle. Working, alone, in a corporation or enterprize is not where it is at. What is required it to be "an owner" of pieces of the upcoming global expansion.
The US defaulted on leadership. China makes 20 times the steel the US does. Owning pieces of the economic growth of this universe is now an electronic thing.
The simple unrelenting fact is that the universe has never seen, as yet, the magnitue of what is going to unfold. Other nations have learned the power of educating childrem. They now are taking their places in the corporations of the world that the US seeded and did not, govermentally speaking, practice supporting helping out in trouble spots where poor distraught people have chosen to "get even" with the US.
Being able to participate as "an owner" og the impending global economic blossoming can be done by all families in the US. More wealth will be created in a shorter time than ever before.
I am spending my philanthropic time left in directly, daily, supporting the processes that will prepare children (college students). ET is a place that demonstrates how destitute most people are vis a vis getting their children and grandchildren equipped in the right ways. Learning a profession in college is zip compared to learning how to be an owner of the global economic expansion now under way and sitting there before us all.
