In Closing: More Kip Hawley; permission to work or state sanctioned restriction of trade?; almost half of Americans have nothing saved for retirement; underemployed; surprised?; and my, they’re recruiting terrorists early these days.
Gee, no kidding: When young people pay all their money on student loans, they don’t have money to take out mortgages.
Separate but Equal?: On women’s workouts.
I hate agreeing with Kip: I’ve said a lot of things about former TSA director Kip Hawley over the years, but the Kipster is making sense these days. Among other things he says that there cannot and will not ever be a get out of the security line free card, even though he wanted to make it happen. Turns out that he’s starting to agree with Bruce Schneier at times.
They can only get away with it because mostly poor people ride the bus: Houston is going to put undercover cops and TSA officers on buses to paw through bags, report suspicious activity, and “interrogate” passengers. Where are they getting the money to pay somebody to ride the bus all day?
On the standard of living and the dual income family: Making twice the money but barely having the same standard of living means we are half as well off. Tricks of counting inflation are partly to blame. Of course, some moms (and a small number of dads but CNN doesn’t mention them) are finding that the costs of working can completely devour a paycheck. This is particularly true when the pay gap between men and women is taken into account. Oh, and when the minimum wage is worth less than in the Johnson Administration (when, by the way, the highest tax bracket was much more than it is today).
How nice for them: Bank of America is making money hand over fist again.
Peeing in a Jar: It turns out that Florida‘s drug screening program for welfare applicants was a big waste of money and found drug use rates roughly a third what they are in the general population. Funny, when you barely have money for food you can’t afford weed.
Don’t panic: Yeah, chicken sometimes has E.Coli in it. That’s why you don’t see Chicken Sashimi at your local sushi bar.
It’s back from the dead: Bowles-Simpson. I have a better idea: repeal the tax cuts that gave us a budget problem in the first place, and bring troops home from places they don’t belong.
More than 100 to 1 against: Corn producers want to change labeling of high fructose corn syrup (HFCS) to the more benign sounding “corn sugar.” They can’t change the fact that some scientists consider it “unsafe for human consumption.” Consumers don’t like the idea.
Let’s Go!: The literal translation of this blog’s title, Ikimashoo.
Right, cause there’s no discrimination any more: Romney thinks it might be time to get rid of the Department of Housing and Urban Development. Never mind the other things HUD does. Never mind the portfolio of FHA foreclosures.
Money Quote: “First, if suburbanites with above-median incomes are big fans of a program aimed at helping minorities and the poor, it’s a safe bet that it’s not actually helping minorities and the poor.”
And finally: Crime must not pay.