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Profile Information

Gender: Male
Hometown: Nokomis, FL
Home country: US
Member since: Wed Nov 5, 2014, 12:58 AM
Number of posts: 27,338

About Me

Retired 3x, living comfortably on the Gulf Coast, biking, beachwalking, lifting free weights, eating mostly properly, keeping my mind active, in my seventh decade, intending to give Methuselah a run for the record...

Journal Archives

Nearly 7 in 10 Americans have less than $1,000 in savings

The U.S. is often referred to as the land of economic opportunity. Apparently, it's also the land of consumption and "spend everything you've got."

We don't have to look far for confirmation that Americans are generally poor savers. Every month the St. Louis Federal Reserve releases data on personal household savings rates. In July 2016, the personal savings rate was just 5.7%. Comparatively, personal savings rates in the U.S. 50 years ago were double where they are today, and nearly all developed countries have a higher personal savings rate than the United States. In other words, Americans are saving less of their income than they should be — the recommendation is to save between 10% and 15% of your annual income — and they're being forced to do more with less in terms of investing.

However, new data emerged this week from personal-finance news website GoBankingRates that shows just how dire Americans' savings habits really are.

Last year, GoBankingRates surveyed more than 5,000 Americans only to uncover that 62% of them had less than $1,000 in savings. Last month GoBankingRates again posed the question to Americans of how much they had in their savings account, only this time it asked 7,052 people. The result? Nearly seven in 10 Americans (69%) had less than $1,000 in their savings account.

It doesn't specifically mention other investments but I suspect "savings" is meant to include any source of money that can be quickly converted to cash...

Sanders supporters seethe over Clinton's leaked remarks to Wall St.

Supporters of former Democratic presidential candidate Bernie Sanders on Saturday expressed anger and vindication over leaked comments made by Hillary Clinton to banks and big business that appeared to confirm their fears about her support for global trade and tendency to cozy up to Wall Street.

Clinton, who needs Sanders' coalition of young and left-leaning voters to propel her to the presidency, pushes for open trade and open borders in one of the speeches, and takes a conciliatory approach to Wall Street, both positions she later backed away from in an effort to capture the popular appeal of Sanders' attacks on trade deals and powerful banks.

The excerpts of remarks by the former secretary of state, made in 2013 and 2014 in closed-door meetings where audiences paid to attend, were published online on Friday by WikiLeaks, which sourced them to the email account of John Podesta, Clinton's campaign chairman.

"This is a very clear illustration of why there is a fundamental lack of trust from progressives for Hillary Clinton,” said Tobita Chow, chair of the People's Lobby in Chicago, which endorsed Sanders in the primary election.

Note my sig-tag, which I've had since the Democratic primary...

Look in every hour or so, trash the first dozen or so frantic Democrat-launched political threads...

... rinse, repeat for a few more days...

There's an enjoyable hilarity to watching our Hillarybots wear their fingers to the bone, making..

... thread after thread and post after post about how Trump is going down, down down, any minute now, while "untouchable" Hillary glides effortlessly to the Oval Office. Their frantic hysteria betrays their deep, deep belief that all they say and do cannot stop the Trump Train from its inevitable arrival at the Pennsylvania Avenue station.

I don't know if there will be a new medical term for what they suffer, or if an old term will be used to cover their malady, I suspect the latter, with the word "hysteria" likely figuring prominently.

In any event, we have a month to wait and weeks or months after the election for Democratic wailing and second-guessing. It's a good thing that Republicans weren't all "pulling the pin" for Romney and were able to recover within the subsequent four year period, but I can't IMAGINE the amount of effort the Democratic Party will need to try to pull the tens-of-millions of jagged shards together into something even remotely cohesive...

The center of Hurricane Matthew is moving further out into the Atlantic and if it does curve back..

... toward Florida late next week, it's currently predicted to be reduced to a tropical depression...

Nicole is just.. well...

I'm thinking that it's possible that Matthew could be the worst hurricane (damage-wise) to ever...

... strike Florida. A hurricane comes on land and causes damage for miles along the coastline and for 30 or more miles further inland, but this storm is like having a stack of a dozen or more hurricanes striking sequentially all along the Florida eastern coast...

State Police raid Indy office in growing voter fraud case

Indiana State Police investigators on Tuesday searched a voter registration agency on Indianapolis' north side as they look into a voter fraud case that spans nine counties. The investigation began in late August when police learned of the filing of fraudulent voter registration forms in Marion and Hendricks counties.

The investigation has expanded from Marion and Hendricks counties to include Allen, Delaware, Hamilton, Hancock, Johnson, Lake and Madison counties, according to a statement from State Police. Police said the growing number of involved counties leads investigators to believe that the number of fraudulent records might be in the hundreds.

The possible fraudulent information is a combination of fake names, addresses and dates of birth with real information.

Trump wins momentum boost from Pence — with Kaine assist

Donald Trump got help from an unexpected quarter on Tuesday night as Hillary Clinton's running mate, Tim Kaine, delivered an uneven performance in the year's sole vice presidential debate.

Stylistically at least, Trump's vice presidential nominee, Mike Pence, was the clear winner of the encounter, held at Longwood University in Farmville, Va. His superiority was especially clear in the early stages. Pence was steady and controlled in those crucial moments while Kaine interrupted and appeared overly aggressive, even to independent observers.

Pence defended his running mate's more controversial statements where he could and danced away from other issues with a shake of his head. Some of those dissenting gestures could become problematic later; Pence appeared to deny things that Trump had, in fact, done or said, such as praising Russian President Vladimir Putin.
Overall, however, Pence showed the kind of focus that was widely felt to be lacking in Trump's own performance in his first clash with Clinton last week. 

Kaine and the Democrats may take heart from the fact that the TV audience for the debate was widely expected to be significantly lower than the 51.4 million who tuned in to watch Vice President Biden take on the future Speaker, Rep. Paul Ryan (R-Wis.), in the equivalent event four years before.

Scientists Discover a New Trigger for Volcanic Eruptions

Scientists may have discovered a new potential trigger for volcanic eruptions. They've found that a pressure drop associated with a structure known as a sill may actually trigger a volcanic eruption.

"Understanding the triggers for volcanic eruptions is vital for forecasting efforts, hazard assessment and risk mitigation," said Janine Kavanagh, one of the researchers,in a news release. "With more than 600 million people worldwide living near a volcano at risk of eruptive activity, it is more important than ever that our understanding of these complex systems and their triggering mechanisms is improved."

In order to study the mechanisms that trigger eruptions, the researchers used a tank filled with gelatin into which they injected colored water to mimic ascending magma. The scientists then used a high-speed camera and a synchronized laser to see what was going on inside the tank.

"It was at this point that we discovered a significant and previously unknown drop in pressure when the ascending vertical dyke stalled to form a horizontal sill," said Sandy Cruden, one of the researchers. "Sills often form in nature as part of a developing volcanic plumbing system, and a pressure drop can drive the release of dissolved gasses, potentially causing the magma to explode and erupt. It's similar to removing a cap from a bottle of shaken fizzy drink-the pressure drop causes bubbles to form and the associated increase in volume results in a fountain of foam erupting from the bottle."

The findings are important for volcanic monitoring systems around the world rely on the interpretation of signals of Earth's surface and subsurface measured by satellites, ground deformation devices and seismometers. These new findings may help researchers monitor this previously unknown potential eruption triggering mechanism.

Sarychev volcano on Matua Island... exploded in a violent eruption on 12 June 2009.. eruption was serendipitously captured by an astronaut on the ISS.

A musical interlude, The Hill Country Theme... hadn't heard this for over 20 years, when I owned...

... several hill country properties, a couple near Pipe Creek and Sisterdale, Texas...

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