Portuguese unemployed refuse to do agricultural work
[URL]http://www.nytimes.com/2014/06/29/world/europe/despite-high-unemployment-portugal-looks-far-afield-for-workers.html?hp&action=click&pgtype=Homepage&version=HpSumSmallMediaHigh&module=s[/URL]
So the Thais, amongst others, are happy to pick up. the slack. Not unlike the migrant farm workers in America. But the pay with overtime is somewhat misleading, grossing around $1,440 a month. Right now, a good maid in Bangkok runs around $1,000-1,200 and even more if they have some nursing skills/speaks English, etc plus free food & lodgings.
Correction about maid's pay.
[QUOTE=RevBS;440180][URL]http://www.nytimes.com/2014/06/29/world/europe/despite-high-unemployment-portugal-looks-far-afield-for-workers.html?hp&action=click&pgtype=Homepage&version=HpSumSmallMediaHigh&module=s[/URL]
So the Thais, amongst others, are happy to pick up. the slack. Not unlike the migrant farm workers in America. But the pay with overtime is somewhat misleading, grossing around $1,440 a month. Right now, a good maid in Bangkok runs around $1,000-1,200 and even more if they have some nursing skills/speaks English, etc plus free food & lodgings.[/QUOTE]A good maid makes around 12,000 baht, equivalent to about 400 dollars. So yeah, big difference, that $1,440 that they earn in Portugal.
I am the king of doing nothing!
For years, I was kind of hesitant about proclaiming my love of doing nothing to others. Even as a early riser, 3 or 4 am, it seems that the hours could fly by before it is 10 or 11 am. Not exactly nothing, I listen to music or read, do some correspondence, pay some bills, even doze here and there, all in bed. Accompany by coffee and a variety of breakfast stuff. Well, I do have tennis most mornings, so I saddled the horse around 7. 30 and play till 10 and then shoot the breeze and lunch after that. And then more of the same in the afternoon because of my aching muscles, with a massage session here and there. So was happy to receive this validation from Forbes on my proclivity.
[URL]http://www.forbes.com/sites/insead/2014/07/01/the-importance-of-doing-nothing/2/[/URL]
Yes, I know what they are suggesting is not quite the same thing. But I do know that the American frazzled lifestyle is not only unhealthy, it is a killer especially of relationships & family life. The USA did not evolve into the greatest economy in the world with lazy / dreamy people, but today, the endless need of buying and consuming in terms of self-indulgence and status will only end in a trail of self destruction.
Disclaimer: It does not mean that I'm more happy or successful than you are.
Expensive? The Chinese says, it's a bargain!
[URL]http://dianefrancis.com/new-york-post-chinese-real-estate-invasion/[/URL]
[URL]http://www.nick-folkes.com/2014/04/16/is-the-asian-invasion-real/[/URL]
As China undergoes new political & economic reforms, the miracle Chinese wealth class are rethinking their investment & relocation strategies. Ah so, perhaps now I can eat at the neighborhood noodle & dumpling shop instead of the hamburger joint?
World cities: cost of living.
[URL]http://www.mercer.com/newsroom/cost-of-living-survey.html[/URL]
#86 Buenos Aires.
#88 Bangkok.
If you discount #1 Luanda, Angola and #2 N'Djamena, Chad for obvious reasons (out of the major business cities loop), it is Hong Kong for #1. Followed by Singapore, Zurich, Geneva, Tokyo, Bern, Moscow, Shanghai, Beijing, London. This is a study aim at expatriates whose needs are quite different from the local population. So take that into consideration.
Can you whisper a bit louder?
[URL]http://www.usatoday.com/story/money/markets/2014/07/27/is-the-fed-fueling-a-giant-stock-market-bubble/13172261/[/URL]
The Dow keeps climbing. It has been very nice for me. But sometimes, you kind of wonder what is really going on. Since the beginning of the year, I've been thinking of retreating to the sidelines, wait for the eventual downturn, then climb aboard again. But then, I'm not really a hit & run guy. Anybody else in the same boat?
Income equality: here we come again!
Yeah, that's right, It's from the NY Times. Throw it in the trash. We don't want to know.
[URL]http://www.nytimes.com/2014/08/06/upshot/alarm-on-income-inequality-from-a-mainstream-source.html?hp&action=click&pgtype=Homepage&version=HpSum&module=second-column-region®ion=top-news&WT.nav=top-news&_r=0[/URL]
Who has the power, who sets the laws?
[QUOTE=Tiny12;440743]Reverend, Respectfully, the people likely to be throwing that in the trash are on the left. The root causes of the problem are technology and globalization. The people at S&P rightly point out that education is the solution. Politicians on the left, at the local, state and federal levels, must start standing up to the teacher's unions and improve the quality of schools. Easy-to-get, government-subsidized loans for liberal arts educations, which have enabled universities to raise tuition to ridiculous levels, should be eliminated. Students should be encouraged to learn skills that they can actually use and to undertake marketable trades and professions. There is a correlation between childhood poverty and success later in life. Republicans and Democrats should give more consideration to helping poor children, instead of subsidizing seniors who are already wealthier than everyone else.
I'm not sure whether it's S&P or the NYT reporter that contends our problem is too much savings / investment and not enough consumption. But I suspect both you and I would agree that's a load of crap. The USA has a big problem in that there's not enough savings. We're depending on China and other countries to pay for investment in our country. We consume more than we produce. Savings is a huge problem for the middle class. Someday people are going to retire, intending to rely on social security, and discover nothing's there.[/QUOTE]You made some good points, we are not in total disagreement.
Big Banks & Big Multi-Nationals are the Empire Seekers of today. They are not beholden to any government. In third world countries, they are the government.
Obama has NOT been able to escape the patronage of the American election system. But in ObamaCare and Frank-Dodds, he has shown he is willing to rectify some imbalances, yet he has been vilified for them. Why? You don't think the educational loans have not been corrupted and exploited by the loan sharks. And now we are hearing of the sub-prime loans in the auto buying industry. Corruption like poverty is never ending. As I said before, it has been made legal in the US. And some of you seem to like it.
The US was dominant because of its middle class. The decline of the middle class is a part of the evolution of the world economy. There are many ways in which the government can stymie that decline, but we cannot do it because we are dysfunctional. Blanket opposition to Obama is the story here. Going to be 8 years of babbling and shouting. So silly!
As stated before, look in the mirror, and what do you see?
You are right, but not realistic.
[QUOTE=Doppelganger;440753]Rev, the government and Frank Dodd are two of the reasons the middle class is shrinking. Get the government out of the student loan and education business. If you have to give loans make them only to the HARD SCIENCES, ENGINEERING, ect. The types of degrees which are applicable to doing something and everyone doesn't need to go college what about the trade schools, we need people who can build and repair what the sciences and engineering folks come up with.[/QUOTE]From A Chinaman's Chance by Eric Liu.
"American culture now has an excess of individualism, short term thinking, and prioritizing rights over duties".
Would you rather be on American Idol, or go study engineering at Purdue? Ah, a million dollar question. In the 70's, when I was playing basketball in LA, we play with some Chinese gang members. At least 50% were going to Cal State LA, about a 10 minute drive from Chinatown. Of course, some were hard-core.