ISLAMABAD: A cargo aircraft crashed within a naval residential compound shortly after taking off from the airport in the southern Pakistani port city of Karachi today, with all members of the crew and several persons on the ground feared killed. The Il-76 aircraft, which…
Continue reading …Alan Simpson is feeling a little besieged these days. It seems people aren’t taking too kindly to his proposals to cut a chunk out of their Social Security benefits, and they’re saying so . But Simpson said that while every interest group that testified before his committee agreed that the mounting federal debt is a national tragedy, they would then talk about why government funding to their area of interest shouldn’t be touched. “We had the greatest generation — I think this is the greediest generation,” he said. All this hubbub isn’t a surprise to Simpson, given how politically polarized the country is these days. “You don’t want to listen to the right and the left — the extremes,” he said. “You don’t want to listen to Keith Olbermann and Rush Babe [Limbaugh] and Rachel Minnow [sic] or whatever that is, and Glenn Beck. They’re entertainers. They couldn’t govern their way out of a paper sack — from the right or the left. But they get paid a lot of money from you and advertisers — thirty, fifty million a year — to work you over and get you juiced up with emotion, fear, guilt, and racism. Emotion, fear, guilt, and racism. “Time to go for facts. Everybody’s entitled to their own opinion, but nobody’s entitled to their own facts,” Simpson said, paraphrasing former U.S. Sen. Daniel Patrick Moynihan. Oh, how right he is. Facts are important. One really important fact that seems to be overlooked in his crusade against Social Security is this one: Social Security isn’t contributing to the national debt or deficit . Yet he insists on making it part of the discussion. Here’s another fact: Simpson, at age 79, received his Social Security benefits right on schedule at age 65. He also received his government pension at age 65. Both of those were financed by contributions the Baby Boomer generation made through their work which boosted the economy. Without our contributions, his generation wouldn’t have enjoyed their retirement years in relatively good health with a decent financial safety net. More facts: People Simpson’s age working in the private sector were more likely to be covered by a pension plan in their early working years and later by 401(k) plans. They were also more likely to remain with one employer for a longer period of time, allowing them to accumulate a decent pension before they reached age 65. All of that was done on the taxpayers’ dime. Pension contributions are deductible by corporations; 401k contributions in the early years were exempt from ALL taxes (later that changed to exemption from income tax only), and funds are accumulated on a tax-free basis. In plain terms, the Greatest Generation’s comfortable retirement has been bought and paid for by those members of the generation Simpson describes as “selfish”, and his generation enjoys a far more comfortable retirement than we can expect to receive. Meanwhile, that so-called “selfish” generation is the one now most likely to have lost significant portions of their 401(k) savings to the market crash, lost their homes or a large portion of their home’s value, lost their jobs and are not likely to be employed any time soon. When employers have the option to hire younger, less experienced workers who will work for less money and cost less in benefit dollars, they exercise it, leaving older workers (and particularly women) out in the cold. Selfishness is as selfishness does, Mr. Simpson. We’ve paid for you without complaint. Now it’s time to step up and really identify who is selfish. Start with the companies listed on the Dow Jones index and work from there.
Continue reading …It appears that at NPR, even a fat lip for the President is to be heralded as a crowning achievement furthering his prestige and street cred when dealing with despots like Kim Jong Il and Mahmoud Ahmadinejad. According to Scott Simon, a president with a “gnarly, vivid scar” might even be able to intimidate China's rulers into halting their currency manipulation (audio follows with partial transcript and commentary): read more
Continue reading …Tokyoflash , purveyor of all things awesome when it comes to watches, has just unveiled its latest addition. If you’re of the eagle-eyed variety, you’ve probably spotted it just to the right (or after the break in video form). The difference between this fellow and most of the timepieces found here is pretty simple: the RPM LED watch started as a fan render. Over the months, the company took this grand idea and made it a reality, now offering it to anyone with with more money than sense. The operation is semi -simple — the inner ring shows the hour, while the outer ring shows the minutes. There’s a group of five LEDs at the top that further explains the latter, and we’re hearing that the band itself pushes the IQ of the wearer higher by 12 to 15 points. Even if confirmed by a respected panel of mad scientists, we still say it’s not worth the $208.42 asking price, but you’re obviously free to disagree vehemently. Continue reading Tokyoflash brings RPM LED wristwatch concept to reality (video) Tokyoflash brings RPM LED wristwatch concept to reality (video) originally appeared on Engadget on Sat, 27 Nov 2010 17:56:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …Soldiers and police crouching behind armored vehicles trained their rifles on dozens of entrances to a sprawling slum Saturday, preparing to invade and try to push drug gangs out an area long considered the most dangerous in Rio de Janeiro, a city set to
Continue reading …Apparently someone let the interns loose at Fox News with what they posted over the holiday weekend, or their “news” network just doesn’t care that they’re looked at as a joke more than they already are. From Mediaite — FoxNation.com Reposts Anti-Obama Article From The Onion, Doesn’t Mention It’s A Joke : Most people recognize The Onion as the Peabody Award-winning satire machine that it is. Some people, however, don’t. Which is why we get a story like this every few months. Of course, it’s sometimes easy to mistake an Onion article for the real thing since the writers make sure to skew as close to their targets as possible. It also doesn’t hurt when real news outlets reprint the satirists’ work and decide not to let their readers know it’s a joke, as Fox Nation did today . enlarge Credit: Mediaite Yes, the Fox Nation editors were apparently so enamored with an Onion piece from today entitled “Frustrated Obama Sends Nation Rambling 75,000-Word E-Mail” that they reposted the first two paragraphs in their culture section with nary a sign as to its fictional nature. The only clue that this wasn’t real (besides a quick peek at your inbox to confirm that Barack Obama hasn’t been emailing you) was a link at the bottom instructing readers to go to TheOnion.com for the real story. This tiny link was, unfortunately, not enough for the vast majority of FN readers. At least, that’s the way it seems from the comments section. Whether Fox Nation reposted this story without a disclaimer accidentally, as a prank, or because of something more sinister, we’ll leave up to you decide. However, Fox Nation should be aware that, sad as it may be, not everyone is familiar with the brilliance that is The Onion. And for every one of my aunts who forwards me this article today, I’m going to be very, very angry at them. I included an Onion video linked above which apparently one of the commenters here might not have realized was satire as well. If they did they forgot to put the words satire or snark into their response. I’ll just leave one last note on Fox and this story. If they were actually just incompetent or lazy instead of intentionally misleading their readers, it means their network is even worse than I thought. They’re not only feeding their listeners and viewers a line of B.S. when they mean to, but by accident as well. Bravo Rupert and Roger. You’ve managed to take your propaganda network to a new low.
Continue reading …Tweet – Lebanese Prime Minister Saad Hariri arrived in Iran on Saturday on a first official visit amid a tense political stand-off between his pro-Western camp and rival Iran-backed Shiite militia Hizbollah. During his three-day visit, Hariri, accompanied by several ministers, will meet Iranian President Mahmoud Ahmadinejad and other officials, state media reported. Iran’s ambassador to Beirut, Ghazanfar Roknabadi, told the official IRNA news agency Hariri’s visit was “historic and very important”. Hariri was welcomed to Tehran by first Vice President…
Continue reading …Tweet – Egyptian security forces were on the alert on Saturday on the eve of a general election, after activists clashed with police at the end of a campaign marred by violence and a crackdown on the opposition. Thousands of activists demonstrated in support of their candidates throughout the Nile Delta and in the south of the country on Friday night as campaigning for the vote officially concluded, security officials said. Several of the rallies turned violent after supporters of rival candidates hurled stones at each other, they said. Activists for the banned Muslim…
Continue reading …Well, pardon us. We balked at the $208 price tag affixed to Tokyoflash’s RPM LED wristwatch , but the value proposition there now looks an awful lot brighter when compared to this. Manufacture Royale’s looking to catch at least one or two elitists off guard with its new Opera Time-Piece, a $1.2 million device that’s composed of 319 parts in the wilds of Switzerland. Purportedly, it was designed by Fabrique du Temps, and the minute repeater plays the hours in the key of A as the minutes chime in C sharp. It’s also encased in 18k gold, sapphire crystal and a healthy dose of self-worth. Word on the street has it that only a dozen of these will be made available for sale, with the accordion casing being the standout feature in our eyes. In a manner of speaking, of course. Manufacture Royale debuts $1.2 million Opera accordion watch, Sir Steampunk scoffs originally appeared on Engadget on Sat, 27 Nov 2010 17:18:00 EDT. Please see our terms for use of feeds . Permalink
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