Celebrated U.S.-based photographer, Carol Highsmith, has been making tens of thousands of her photographs freely available to the public since 1988. Over the years, she has donated her work to the Library of Congress and dedicated them to the public domain, in order to allow anyone to re-publish or make use of them without paying royalties to her or anyone else.
Among the many losers picked by the Fed (in favor of rewarding a very tiny and wealthy minority), perhaps the greatest victims are pensions.
Pensions have to make a couple of key assumptions. One is how long you expect your cohort of pensioners to live. The second is the rate of return on the funds. On both counts, pensions have been wrong, and wrong again.
People keep living longer and pension fund returns keep underperforming.
There’s a big secret in the global economy, which the powers that be hope we continue to overlook: cooperatives.
- Why I Left Canada and Became A Citizen of the Dominican Republic
- Mylan to Offer a Generic EpiPen at Half the Price
- Why They Did It: Madoff and Enron’s Fastow Explain the Biggest Frauds in U.S. History
- Prevailing Gray Swans: The Clear and Present Danger List for the Week Ending August 26, 2016
- Red Ponzi Ticking—-China And The Dark Side Of The Global Bubble
- All the Ways Your Wi-Fi Router Can Spy on You
- Wind Power Finally Getting Out From Solar’s Shadow
- Cow Dung Goes High Design
Precious metals dealer and monetary historian Mike Maloney is quite confident the liquidity-driven 'recovery' created by the world's central banks is now over. In his estimation, the path ahead is one of accelerating descent into inevitable currency destruction.
In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- There Is No 'Market' Anymore
- Prices are fully manipulated these days
- Missing Alpha
- Since it's only liquidity that matters, portfolio managers are feeling the pressure
- What you get with too much cheap money
- The Feds Facebook Fiasco
- The public is waking up to the ills of central banking
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Daily Digest 8/27 - Trump, Brexit, And The Overthrow Of The Elites, Flourishing in a Not-for-Profit World
- Viktor Shvets: ‘The Private Sector Will Never Recover’
- Why Millennials, by the Numbers, Can't & Won't Grow the US Out of Trouble
- Are Emerging Markets About To Switch US Treasuries For SDR Bonds?
- WikiLeaks Plays Doctor, Gives Hillary Clinton Fake Disease
- Warning: Trudeau has allowed banks to seize your money if economy fails
- Robert Kiyosaki interview: If you’re saving money or investing in stocks right now “you’re crazy”
- Next Economy: Flourishing in a Not-for-Profit World?
- Trump, Brexit, and the Overthrow of the Elites
- Meet DevBot, a self-driving electric racing car
- EV Revolution Set To Cripple More Than Just The Oil Industry
Daily Digest 8/26 - Good News Friday: Edible Food Packaging On The Horizon, How Ice Becomes Knowledge
- Grad Students Win Right to Unionize in an Ivy League Case
- ESO Discovers Earth-Size Planet in Habitable Zone of Nearest Star
- An MIT Scientist Claims That This Pill Is the Fountain of Youth
- Edible food packaging made from milk proteins
- From the South Pole to the science section: How ice becomes knowledge
- The Australian town that wants to get off the grid
- Celebrate 100 Years Of National Parks With This Stunning Road Trip
- Meet Pismo and Goatee, the World’s Greatest Surfing Goats
Open Source, Open Society was a two-day conference that took place at the Michael Fowler Centre in Wellington, New Zealand betwen 22-23 August 2016. Run for the second year in a row by the impressive folks from Enspiral, the thought-provoking program included a range of keynotes, workshops and panels all demonstrating how open is better for business, technology and democracy.
Sharing economy apps help make idle assets like cars and homes available to those who need them. Long before such apps existed, nonprofits put idle resources of all kinds to work helping others in what one could call the original sharing economy.
- The unrelenting hunt for yield may end in tears, says James Grant
- Merkel Prepares For a Deliberate Crisis While White House Plans For a Disastrous Succession
- Going Cash-Free Can Make the World Richer
- Bond Traders Are Desperate for Direction From Yellen in Jackson Hole
- Prevailing Gray Swans: The Clear and Present Danger List
- Demographic HomeMageddon Underway...Will Last Until at Least 2035
- The Market’s Breaking Point
- Millennials: The Mobile and the Stuck
- Risks Of Loose Money – Exposing The Link Between Monetary Policy And Social Inequality
- Why you're lucky you don't own a McMansion
The City as Commons is an important new resource for urban commons activists. (Graphic by Scott Boylston)
by Sustainable Economies Law Center Executive Director, Janelle Orsi. Cross-posted from theselc.org
Imagine that a group of people works hard to fill their neighborhood with urban farms, bike lanes, parks, murals, community services, and education programs. Next, imagine that those same people are forced to move away. Ouch, that bites.
- The Affordable Care Act is getting expensive in Oklahoma
- IPERS fund, facing $5 billion shortfall, misses investment goal
- Emanuel eyes senior discount, more meters to soften tax hit
- Solvency funding a growing challenge as B.C. pension deficits mount
- $1.5 million spent to promote pension sales tax
- Illicit gold: India's smugglers shut out refiners, banks
- Flood-Ravaged Louisiana Facing Biggest Cash Crunch Since 1980s
- Saudi government to sell $5 billion worth of bonds
- CPS wants approval for $1.5 billion in short-term loans
- China's Best Bank Called 'Mirage' of Shadow Lending
- ECB faces bulked-up govt bond buying if QE extended beyond March
- $1.3 trillion in student loan debt is crippling retail sales growth
- Citi: Here Are Six Ways Central Banks Have Distorted Markets
- Former Fed Staffer, Activists Detail Plan to Overhaul Central Bank
- Bank of Japan's rush into stocks raises fears of market distortions
- China caught in 'dead money' trap as central bank pleads for fiscal stimulus
- Gold and Gemstones Pile Up in Singapore Vault on Quest for Haven
- Adviser to PM Abe: Japan needs 10 trillion yen stimulus in each of next two years
- Fixing Pension Shortfalls in U.K. Means Disruption for Investors